Topic: Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto - page 7. (Read 1430 times)
August 13, 2018, 04:02:45 AM
I see a lot of different forecasts, but all these predictions are basically ordinary guesses that have nothing to do with reality.
August 13, 2018, 03:39:06 AM
I don't believe such claims. Though I personally want dollars to collapse and crypto to prevail but fiat currencies like USD has been there for a long time and they are also well adopted by the users right now. I don't see any possibility of a sudden collapse of such large economy which will cause people to move to gold or bitcoin.
August 13, 2018, 03:59:39 AM
Just because he is a writer of a bestselling book I wouldn't take his words for granted. Cryptos definitely have the potential to turn up as an substitute of fiat currencies but honestly, I don't believe it is so easy to replace fiat that too USD which has the strongest structure among all other fiat currencies in the world. The scenario might arise in the distant future but right now, I don't feel there's a chance.
August 13, 2018, 01:45:19 AM
Fiat money won’t be leaving us anytime soon that I can guarantee. And credit/Debit cards are here to stay for while too. Even if bitcoin is accepted as a mode of payment, people will still use fiat money. Even if bitcoin isn’t accepted as a mode of day to day payment, people may pursue it as digital gold. Collapse of such a huge economy will surely hurt different parts of the world.
August 13, 2018, 01:30:27 AM
The statement is difficult to believe but has potentiality. During 2008 recession, we have seen how fiat dollars were printed at a huge number and created the recession. I don’t think Govt. will not allow happening that because on crypto currency it won’t have any contro
August 12, 2018, 03:31:58 PM
Robert Kiyosaki has always been critical of the dollar bill or fiats, his argument is that it is not backed by anything, just some colored painted paper that will eventually give way for something with actually valuable. Government kill printing money , killing earlier printed ones by a process called inflation
August 12, 2018, 03:29:42 PM
The best-selling financial book writer "Rich Dad, Poor Dad" said Bitcoin would replace the US dollar, which he called "counterfeit money." In the April Sane Crypto podcast, author Robert Kiyosaki said the practice of printing more money in America was to create bubbles that would explode. "I think the dollar is toast because gold and silver and cyber currencies will take it," he said. "The US dollar is a fraud. I think we are watching the end of the dollar. "
https://www.youtube.com/watch?v=unvFvAUCZEU
https://www.youtube.com/watch?v=unvFvAUCZEU
Interesting news to share. In my opinion, this sounds nothing more than just a dream. I don't think the world is ready for the disappearance of the dollar and acceptance of crypto, its way too sudden and soon.
August 12, 2018, 03:25:08 PM
I have heard of this financial crash for a while now and I dont fully understand the
dynamics of how its going to happen.
Bitcoin taking over from the Dollar anytime soon I cant see it happening in the
next few years.
dynamics of how its going to happen.
Bitcoin taking over from the Dollar anytime soon I cant see it happening in the
next few years.
August 12, 2018, 02:29:49 PM
The masses will not move into crypto if the collapse happens in 2018. We need more time to get people comfortable with the technology. I'm afraid most will turn to gold/silver if the collapse were to happen this year.
August 12, 2018, 02:26:20 PM
I have heard so many forecasts from these so-called experts for so long that it is absolutely impossible to form an adequate criterion regarding the medium and long-term perspectives in this market based solely and exclusively on these opinions.
What I do believe is that cryptocurrencies came to revolutionize the way things are done, and their gradual integration into our daily activities does not necessarily imply that they are an ideal scheme to amass great fortunes as people used to believe until now.
What I do believe is that cryptocurrencies came to revolutionize the way things are done, and their gradual integration into our daily activities does not necessarily imply that they are an ideal scheme to amass great fortunes as people used to believe until now.
August 12, 2018, 02:06:58 PM
I think this is kind of impossible to happen. People have very much faith on fiat dollars and crypto currency is very much new. So there is an issue of trust and security among the people around the world to accept crypto currency over fiat currency
August 12, 2018, 01:54:24 PM
I don’t think government will let that happen. It has control over fiat dollars but won’t have any control over crypto currency. And crypto currency is very much new to people around the world. So I think they won’t accept crypto currency over fiat currency quickly.
August 12, 2018, 09:53:02 AM
I am not agree with writer because bitcoin is decentralized currency and most of peoples still trusting on fiat currency because all financial market is depend on Dollar also bitcoin is in its new generation and most of governments are not accepting and regulating cryptocurrency but i will be happy if this prediction happen but write need to research first.
August 12, 2018, 09:24:51 AM
The best-selling financial book writer "Rich Dad, Poor Dad" said Bitcoin would replace the US dollar, which he called "counterfeit money." In the April Sane Crypto podcast, author Robert Kiyosaki said the practice of printing more money in America was to create bubbles that would explode. "I think the dollar is toast because gold and silver and cyber currencies will take it," he said. "The US dollar is a fraud. I think we are watching the end of the dollar. "
https://www.youtube.com/watch?v=unvFvAUCZEU
In my own opinion, it’s way too exagerated to say that crypto will replace fiat dollar because dollar is so prominent and stable in the world market. Crypto is volatile and some centralized coin in crypto make no difference, so dollar will still be the main currency that people can depend on. However, eventhough the dollar more stable but crypto is still making it’s way to be known in the world market. https://www.youtube.com/watch?v=unvFvAUCZEU
August 12, 2018, 09:04:46 AM
That is someone's analysis, and I'm not sure the dollar will collapse and will be replaced by Bitcoin. if you can be honest, I prefer bitcoin and this dollar goes together, without dropping each other. Bitcoin comes as an alternative currency that provides a lot of convenience compared to Fiat Money like dollars, and bitcoin is present not as a dollar destroyer.
August 12, 2018, 08:34:25 AM
If that really happens it will be very good. But, I highly doubt that anything like this will happen in the next 5 or ten years. Because at least 70% of the people of the world are still is not aware about cryptos.
August 12, 2018, 08:33:13 AM
The government, which is stable, backed currency is still the best means of trade today. We can't hold to bitcoin's promise too early that we might have markets collapse onto something that is not stable.
For me, it's fine that we can use bitcoin as an alternative currency than fiat. Not to actually replace it.
For me, it's fine that we can use bitcoin as an alternative currency than fiat. Not to actually replace it.
August 12, 2018, 08:28:40 AM
but haven't they been predicting the dollar collapse and a big financial crisis in the world for many years now?
i don't really follow it since it doesn't interest me but at least i remember it this way. every now and then i read a new thing about someone predicting the collapse soon and nothing comes.
'i don't really follow it since it doesn't interest me but at least i remember it this way. every now and then i read a new thing about someone predicting the collapse soon and nothing comes.
There is always a prediction. Recently The Rich Dad Poor dad Author gives a warning of the upcoming crash. Well, cryptocurrency is getting popular and there are sophisticated apps already being develop and used. I think we are getting there, the Rise of Crypto.
August 12, 2018, 08:21:27 AM
many countries are banned the crypto currency and as this currency is new in the currency market and being popular day by day .that's why the the government can not trust blindly on it. maybe that's the reason writers such thing.
August 09, 2018, 04:56:01 AM
but haven't they been predicting the dollar collapse and a big financial crisis in the world for many years now?
i don't really follow it since it doesn't interest me but at least i remember it this way. every now and then i read a new thing about someone predicting the collapse soon and nothing comes.
i don't really follow it since it doesn't interest me but at least i remember it this way. every now and then i read a new thing about someone predicting the collapse soon and nothing comes.
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