it is possible fiat currency will crashed? - page 18.

demonz666

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 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 never thought the fiat currency would fall. fiat has been the currency used for centuries. and has been accepted by all people in the world. and has become a legitimate means of payment. so in my opinion although cryptocurrency is growing rapidly fiat currency will still exist and used for sale every day.

pallang

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Maybe yes in the future if the world is ready to use it and the people are willing to use this currency but how about those people in poor countries that advance technologies are not yet introduce maybe it will take a long and hard time for them so i think fiat money is still their mode of transactions.

Soneo

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I think it's too early to say that

Cinemo

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Yes it is possible. If government make a move towards to cryptocurrency so cryptocurrency will debunk. Because of the government many cryptocurrencies are now gone. I think it in the right place. The best for you and technology in the right now is to give you the right direction. I think it was that the future is our.

Sir Cross

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Quote from: TitanGEL on August 06, 2017, 08:45:55 PM

Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Of course no. This question is doesn't make any sense. Fiat currency will not be crash. That is very impossible. Event though the digital currency is now becoming popular, there is no such a extreme power that the digital currency has to surpass the fiat currency.

I agree to this. It would be hard for cryptocurrencies to completely replace fiat inthe future. Firstly because fiat is the most known medium in trading anywhere, by anyone. Its system and how it works is already embedded in the minds of the people, and are already used to it. On the other hand, cryptocurrency is definitely not for everyone. It is hard to learn even its basics, and not all people would actually be interested in it. Even if new technologies and developmemts are being introduced to the world of crypto nowadays, I think it would still be hard for it to completely replace fiat.

Nyenyepogi

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 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'm not sure that is it possible to happen in the near future because we used fiat currency more than hundred year so there is no way to be crash and besides not all the people know the existence of crypto currencies and not all the people willing to used this kind of technology.

bristlefront

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No it will not crashed the government is backing on it. There goes the time when the world will accept digital cash as a worldwide payment decentralized or not it would happened that fiat will be replaced. It doesn't matter since the world is making innovation that makes our lives better and we can't stay on the system that we are today since technology has far to go.

cmacwiz

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Quote from: Sled on June 17, 2018, 04:06:23 AM

Quote from: mornabo on June 16, 2018, 11:58:56 PM

Quote from: Flor1982 on June 16, 2018, 09:17:08 PM

Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

This is impossible because fiat currencies are the main assets and wealth of all nations in which without it then it will be impossible for the governments to survive or it will be chaos because money is the center of all transactions by both people and the government to live. This is also the reason on why i don't believe that Bitcoin will replace Fiat because honestly and practically speaking we are all depending on fiat.

I think fiat is not an asset but a major currency used in every country, fiat will never fall because they are always backed up by the government in every country, the government will always preserve and use their local currency as its main, crypto will have no possibility anything to replace it #imo

I also think the same thing like you that there is no chance for the fiat to fall because of the support that it gets from the government and cryptocurrency has no chance to replace it because cryptocurrency is just an option, a technology that is being proposed to the countries that they can use to have a better and faster type of technology and it is not like focusing to replace the fiat.

No this cannot happen at any cost.Fiat currency is being used by all the people of the world.It is accepted internationally all over the world and all the transactions are done through fiat currency only.Fiat ia centralised and so it is also backed by central banks and governments.On the other hand cryptocurrencies are banned in some nations and not backed by any central bank as it is decentralised.Cryptocurrencies require internet connection to get operated which is not possible in every corner of the world.

rosepetals

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 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 theres no possibilities that fiat would crash,this was the traditional and the most commonly used currency and its too impossible that fiat would loose its value.People that doesn't know about cryptocurrency will rather choose fiat than any other currency,they were comfortable on it and if ever it would happen i think not now it takes a decade when it will happen.

shadyrifles

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Robert Kiyosaki and Billionaire investor Tim Draper believe that the fiat currency will be doomed in future. Tim Draper is very bullish on Bitcoin and cryptocurrencies, and recently he stated that fiat currency would be the past in future.

Sled

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Bitcoin- in bullish time

Quote from: mornabo on June 16, 2018, 11:58:56 PM

Quote from: Flor1982 on June 16, 2018, 09:17:08 PM

Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

This is impossible because fiat currencies are the main assets and wealth of all nations in which without it then it will be impossible for the governments to survive or it will be chaos because money is the center of all transactions by both people and the government to live. This is also the reason on why i don't believe that Bitcoin will replace Fiat because honestly and practically speaking we are all depending on fiat.

I think fiat is not an asset but a major currency used in every country, fiat will never fall because they are always backed up by the government in every country, the government will always preserve and use their local currency as its main, crypto will have no possibility anything to replace it #imo

I also think the same thing like you that there is no chance for the fiat to fall because of the support that it gets from the government and cryptocurrency has no chance to replace it because cryptocurrency is just an option, a technology that is being proposed to the countries that they can use to have a better and faster type of technology and it is not like focusing to replace the fiat.

microwave

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

This will gonna be happen if people doesn't stop discovered any types of things that really big help and lucrative to people become convenient for all transaction. Only I.T. expert and computer engineering bringing us to to the highest level in terms of quick and fastest processed. So because of that, Fiat money become abolish in the future.

mornabo

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Quote from: Flor1982 on June 16, 2018, 09:17:08 PM

Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

This is impossible because fiat currencies are the main assets and wealth of all nations in which without it then it will be impossible for the governments to survive or it will be chaos because money is the center of all transactions by both people and the government to live. This is also the reason on why i don't believe that Bitcoin will replace Fiat because honestly and practically speaking we are all depending on fiat.

I think fiat is not an asset but a major currency used in every country, fiat will never fall because they are always backed up by the government in every country, the government will always preserve and use their local currency as its main, crypto will have no possibility anything to replace it #imo

NevejElad

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Quote from: breathlessz on June 16, 2018, 10:54:49 PM

Quote from: Blondy12 on June 16, 2018, 09:48:50 PM

Quote from: machinek20 on August 06, 2017, 07:29:41 PM

Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies

I definitely agree with you mate. Fiat has been using for how many decades already and majority of individuals are preferred to use fiat than any other currencies. I think cryptocurrencies are just an options for many of us and the best usage for it is for investment and not a main currency.

for now i agree with your opinion, but we can imagine with technological advances later where community needs a simple transaction then shift can happen, as before the barter system is shifted by the use of money as a means of transaction

Technically it will not crashed ,because fiat money can be continue use in third world country especially the rural areas where there is no available internet access, fiat will be the still currency used, In the highly urbanized areas there is a chance fiat money will not be used anymore if that place are on cryptocurrency use of payments and transactions.

19spawnfeed

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Quote from: breathlessz on June 16, 2018, 10:54:49 PM

Quote from: Blondy12 on June 16, 2018, 09:48:50 PM

Quote from: machinek20 on August 06, 2017, 07:29:41 PM

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Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies

I definitely agree with you mate. Fiat has been using for how many decades already and majority of individuals are preferred to use fiat than any other currencies. I think cryptocurrencies are just an options for many of us and the best usage for it is for investment and not a main currency.

for now i agree with your opinion, but we can imagine with technological advances later where community needs a simple transaction then shift can happen, as before the barter system is shifted by the use of money as a means of transaction

For me fiat currency will never be crash and we must never think negative about fiat currency. If the reason digital currency that turns the fiat currency going to crash it will never be happen because digital currency is only an investment that gives you good profit.

breathlessz

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Trphy.io

Quote from: Blondy12 on June 16, 2018, 09:48:50 PM

Quote from: machinek20 on August 06, 2017, 07:29:41 PM

Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies

I definitely agree with you mate. Fiat has been using for how many decades already and majority of individuals are preferred to use fiat than any other currencies. I think cryptocurrencies are just an options for many of us and the best usage for it is for investment and not a main currency.

for now i agree with your opinion, but we can imagine with technological advances later where community needs a simple transaction then shift can happen, as before the barter system is shifted by the use of money as a means of transaction

Blondy12

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Quote from: machinek20 on August 06, 2017, 07:29:41 PM

Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies

I definitely agree with you mate. Fiat has been using for how many decades already and majority of individuals are preferred to use fiat than any other currencies. I think cryptocurrencies are just an options for many of us and the best usage for it is for investment and not a main currency.

Grayy

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The use of fiat currency is likely to be minimised. This is due to many technologies being developed to make money more digital. The value of the money remains the same but the use and how the money is issued out is given a little tweak. This doesn't mean fiat money is going to crash. Cryptos may take over but not to the extent of crashing fiat.

Flor1982

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

This is impossible because fiat currencies are the main assets and wealth of all nations in which without it then it will be impossible for the governments to survive or it will be chaos because money is the center of all transactions by both people and the government to live. This is also the reason on why i don't believe that Bitcoin will replace Fiat because honestly and practically speaking we are all depending on fiat.

Babyhouse

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 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 think not. This is not a realistic thing I guess. It is really hard to emagine.

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