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Topic: it is possible fiat currency will crashed? (Read 8740 times)

member
Activity: 390
Merit: 11
November 10, 2018, 01:14:32 AM
Fiat currencies are guarded by monetary policy and foreign exchange, so to crash I don't think that will happen. but with the development of crypto they must continue to consider taking part because it is important for state stability and international relations between countries
hero member
Activity: 1085
Merit: 500
hi =D
November 10, 2018, 01:05:11 AM
I do not think fiat coins will collapse or end, we may have a world crisis season, but I do not believe in the end of all fiat coins in the world!
legendary
Activity: 1204
Merit: 1028
November 10, 2018, 12:47:03 AM
Fiat currencies may collapse but it won't make fiat currencies disappear, there will still be many who use fiat currency for transactions because there are still many people who use fiat currencies and not everyone understands the use of currencies other than fiat currencies.
Not possible the least. Fiat is one of the most regulated currencies by the government and this is the reason that despite the devaluation in the value, it does not get the demand decreased.

Special cases like that of Venezuela have been around which were a combination of both hyperinflation and huge devaluation has resulted in a lowered demand for fiat but that is not the case everywhere. Fiat will only be out shined if the technology becomes as cheap as holding a note of one dollar that is accessible to all.
full member
Activity: 364
Merit: 100
November 10, 2018, 12:18:54 AM
Fiat money will never be crashed and it is going through more advanced way and fiat is using for crypto currency too i like to say that bitcoin users are lucky and they have spent time in crypto so they can manage crypto and fiat, It is possible that crypto take over the fiat but that will need much time.
member
Activity: 644
Merit: 10
November 10, 2018, 12:12:40 AM
I think it is impossible to crash the fiat currency because cryptocurrency is another form of money where we can do transactions very fastly without any mediator. So soon the government will start recognising the cryptocurrency as one of the payment methods.
sr. member
Activity: 658
Merit: 250
November 09, 2018, 11:29:59 PM
everything can happen, no one can predict for sure the crypto currency can replace the fiat currency, but if we look at the functions and needs of the fiat currency economy it can still survive because of the strong user confidence if the crypto currency can do that and can function like fiat currency, I think it could happen, but I don't know when
member
Activity: 459
Merit: 10
November 09, 2018, 10:03:48 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I do not believe in that. A great market like crypto can not fall apart just because of his words. We are just in the correction phase and the crypto market needs time to grow in the long run. We need to give it a confidence and make the market a bigger one.
sr. member
Activity: 1344
Merit: 253
November 09, 2018, 10:00:44 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

No one can determine when will the fiat currency will crash down. Fiat is the currency that is being regulated by most countries around the globe and are protected by the by laws of each countries. I think it would only crash if the governments mandates not to use the fiat anymore.
if it falls, it is only part of the country that experiences it, as in Venezuela, where such fiat currencies have no value, because of the severe economic crisis, so they finally turned to cryptocurrency
full member
Activity: 406
Merit: 100
November 09, 2018, 09:47:14 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

No one can determine when will the fiat currency will crash down. Fiat is the currency that is being regulated by most countries around the globe and are protected by the by laws of each countries. I think it would only crash if the governments mandates not to use the fiat anymore.
member
Activity: 672
Merit: 14
November 09, 2018, 08:01:12 PM
Fiat will crash but not any time soon as most experts anticipate. Fiat has got the support of the governments and because it allows for centralization, the governments draws power from it. Although Blockchain and crypto is the future, it will take a great revolutionary turn about for digital currencies like cryptocurrency to hit the mainstream adoption where it will be the only currency for trading.
member
Activity: 602
Merit: 10
November 09, 2018, 07:44:36 PM
Fiat money always crash the value because inflation always increase. We know that central banks always print money from thin air and economic crisis always happen, we already know that many countries currency dont have a good value and i think its because they always print the money to boost economic growth
hero member
Activity: 742
Merit: 500
November 09, 2018, 05:55:46 PM
in my opinion what are the possibilities that could happen but if the fiat currency will fall it might be possible if the crypto currency is able to make investors and everyone in one crypto currency
Fiat is too established now to be broke, its traditional to used fiat and necessity of every country, some technology might give a advance help to ease transactions but might not be possible to remove fiat.
newbie
Activity: 3
Merit: 0
November 09, 2018, 04:35:19 PM
Robert Kiyosaki as i read his books he writes half true/valuable content and half bullshit. If he says something i don't think it is good to listen him as a guru. I think it is possible to crash fiat in 1 or 2 countries in a row but it would be very hard to do it global.
twa
full member
Activity: 320
Merit: 100
BitSong is a decentralized music streaming platfor
November 09, 2018, 04:05:04 PM
in my opinion what are the possibilities that could happen but if the fiat currency will fall it might be possible if the crypto currency is able to make investors and everyone in one crypto currency
full member
Activity: 378
Merit: 111
November 09, 2018, 02:16:22 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
There are no any reasons that fiat currency will be crashed because it is under control of the government and everybody are always fiat currency. But if that happens i think cryptocurrency will take on action and a lot of people will make a lot of adjustments because most of them are not familiar with it.
member
Activity: 952
Merit: 41
November 09, 2018, 02:05:10 PM
It possible for fiat currency to crash and that crash normally come only when the value of such currency in the stock exchange drop drastically to the point of not having any value and also becoming worthless and dropt from the world exchange market, the resultant effect of this is high inflation in the home country and high rate of import duty on the country.
sr. member
Activity: 756
Merit: 268
November 09, 2018, 01:44:59 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I don't think it will be possible for fiat currency to crash so easily because first of all the government support fiat currency rather than cryptocurrency and fiat currency is being used everywhere all over the globe, so what will be the reason for fiat currency will be crashed.
legendary
Activity: 1120
Merit: 1000
November 09, 2018, 12:32:49 PM
i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..
I don't think so that fiat currency will crash. Although cryptocurrency are profitable and advance then that of fiat currency but still their lack of many thing which make them an stable currency. Cryptocurrency are not used everywhere and in many country it is uses are prohibited and in those country fiat currency work finely. Another thing is cryptocurrency are decentralised in nature and because of this many people doesn't believe on this. Fiat currency are more stable and more sustained then that of cryptocurrency because of this they will no possible that fiat currency crash in future.
jr. member
Activity: 252
Merit: 1
November 09, 2018, 06:35:05 AM
see how zimbabwe money is today. you will know how if FIAT is crushed.
hero member
Activity: 1722
Merit: 528
November 09, 2018, 03:56:21 AM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I understand what you want to mention but in my opinion, fiat currency is not easy to be crashed. I think that the government will try their best to protect fiat currency because fiat is what they can control, they will not let it crash easily.

They are and they are doing their best so that they will not let their Fiats have a low value since that is their fiat and their fiat represents also their economic status the reason they are taking care of it much.

But there are a lot of times that they let their fiats go down since they are looking at good solutions for their economic problems. You can take Japan's Yen for example since they are having a lot of movement for a certain fiat. I don't know their reasons or goals but they are doing a lot of things for their money in their country
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