There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.
Topic: it is possible fiat currency will crashed? - page 22. (Read 8740 times)
If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.
Well we have to accept that anything is possible even though it seems unlikely at the moment. I agree that fiat has a very strong and steady foundation but there have been many challenges that could'vr brought it down before and there will be more to come.
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 hardly going to happen because FIAT is supported by the government which is hardly supporting the cryptocurrencies. I am personally also fond of the FIAT money because it isn't so volatile. FIAT will prevail over the time.
The question should be - will the cryptocurrency prevail over the time. These both can exist as separate and in the future, the merge can happen also but the disappearance of the FIAT IS NOT POSSIBLE.
With the strengthening of marketcap bitcoin and all cryptocurrency then I am sure that someday everyone will not use fiat, especially if many countries that legalize the development will be faster.
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 hardly going to happen because FIAT is supported by the government which is hardly supporting the cryptocurrencies. I am personally also fond of the FIAT money because it isn't so volatile. FIAT will prevail over the time.
The question should be - will the cryptocurrency prevail over the time. These both can exist as separate and in the future, the merge can happen also but the disappearance of the FIAT IS NOT POSSIBLE.
If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.
Well we have to accept that anything is possible even though it seems unlikely at the moment. I agree that fiat has a very strong and steady foundation but there have been many challenges that could'vr brought it down before and there will be more to come.
If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.
yeah...fiats are crashing all the time. $1 USD doesn't buy what it used to.
if this does not happen soon, the Crypto currency is not very popular.
The likelihood is there, we have a consistent thing happening which is change. We as a whole realized that fiat money these days have some issue as it was not absolutely move down by Gold save. We don't know precisely what is the state of our money save. On the off chance that that is the situation, at that point the impact will come later on. So let simply keep a watch out. I'm certain cryptographic money will be an extra alternative for individuals.
It isn't possible.We can't envision a nation being absolutely cashless. Presumably cryptographic forms of money like bitcoin will be utilized for budgetary exchanges in future however they can't thoroughly supplant fiat currency.Small scale exchanges, for example, exchanges in little stores where there is no web association are just conceivable with the assistance of fiat cash .So I don't figure fiat cash will be smashed.
Fiat currencies have always been crashing but it's a very slow and somewhat controlled process that very rarely gets seriously out of hand, particularly in developed nations. This process is called inflation.
Hard to say, but it's unlikely that fiat will become completely obsolete, but it will definitely become far less important in the future than it is today. It's not possible to completely replace cash in the future. Because there are still some transactions which can only be complied with physical money.
I also think fiat won't become obsolete, but less important. Crypto-Currency will rule the financial system and I don't have doubts about it, the question is if it will be done in a centralized or decentralized way. Crypto-Currency isn't something 100% done and closed, there are many different configurations that can be done with this, resulting in different consequences, but the principle for all the next innovations and technologies on the financial sector are coming from Crypto-Currency.
If fiat crashes, those who are behind this system will find a new way to camouflage fiat system via Crypto-Currency, it will look new, but it will be the same old system...
Becides many people are living in a third world country. A lot of people cannot afford having a computer so paper money cannot be replaced by any digital currency even after how many years.
Even in third world countries many people have already access to internet, in some years everyone will have the chance to access internet, if they wish. I think this is not a limitation. But there will be always some people wanting to deal with physical money, if not for necessity, it can be for whim.
And if the official physical money doesn't exist anymore someday, people will create their own.
In some cities it's a reality, they have their own physical money, useful only on the local stores.
I don't think it will crash in our modern era, crisis maybe more likely. Fiats in our designated countries have more
elaborate, complex and stronger systems in recent years, governments are the backbones of establishing such systems
to control, regulate and avoid further problems that happened previously. No country or government can survive or
flourish without the existence and reliance of their own currencies, in fact crypto currencies might aid in strengthening
then and improving their economies. Cryptocurrency solely relies on the fiats of countries worldwide, different prices
if you do notice on trading platforms. Fiat are a part of a nations primary priority above else.
elaborate, complex and stronger systems in recent years, governments are the backbones of establishing such systems
to control, regulate and avoid further problems that happened previously. No country or government can survive or
flourish without the existence and reliance of their own currencies, in fact crypto currencies might aid in strengthening
then and improving their economies. Cryptocurrency solely relies on the fiats of countries worldwide, different prices
if you do notice on trading platforms. Fiat are a part of a nations primary priority above else.
Hard to say, but it's unlikely that fiat will become completely obsolete, but it will definitely become far less important in the future than it is today. It's not possible to completely replace cash in the future. Because there are still some transactions which can only be complied with physical money. Becides many people are living in a third world country. A lot of people cannot afford having a computer so paper money cannot be replaced by any digital currency even after how many years.
Of course it's possible, and it happend coutless times in history, even recently: fiat currency is just paper, and it works only if there is a general acceptance of it.
Usually, a currency crash happens only locally, as recently in Argentina or Venezuela, so there is a way to recover.
If it happend on global plane, it would be a real desaster with unpredictable consequences.
No this cannot happen at any cost. Fiat currency is used by all the people of the world and it is accepted internationally.It does not require any medium to operate that is why it is called physical money.Unlike cryptocurrencies it does not require internet.It is backed by all the government and Central banks of all the Nations. All the transactions throughout the world is being done through the Fiat currency only.Fiat currency has been established from the traditional period and cryptocurrencies are just entering the market. Usually, a currency crash happens only locally, as recently in Argentina or Venezuela, so there is a way to recover.
If it happend on global plane, it would be a real desaster with unpredictable consequences.
Of course it's possible, and it happend coutless times in history, even recently: fiat currency is just paper, and it works only if there is a general acceptance of it.
Usually, a currency crash happens only locally, as recently in Argentina or Venezuela, so there is a way to recover.
If it happend on global plane, it would be a real desaster with unpredictable consequences.
Usually, a currency crash happens only locally, as recently in Argentina or Venezuela, so there is a way to recover.
If it happend on global plane, it would be a real desaster with unpredictable consequences.
The legal currency of a country has the credit endorsement of the country, and the existence of coercive force behind the credit, the issuing currency represents a powerful political and economic power.
Economically developed countries, their legal currency is basically stable! Economic development is unstable country, legal currency has the risk of collapse!
Economically developed countries, their legal currency is basically stable! Economic development is unstable country, legal currency has the risk of collapse!
In my point of view I guess it might not happen. For every fiat currency their is government behind it, so it is very hard to even shake it , unless their will be a crisis that will make countries economy wobble. But who knows what will happen in future, their might be a chance that crypto dominate the market. Lets just wait and see.
I don't think so fiat will crushed we all know that fiat is the main currency in each country and people used it for their daily expenses som predicting it will be replaced by bitcoin but it's impossible.
Never, fiat is supported by government and they will not let it happen. Crypto will not eliminate it easily. It will took more studies to make it happen. A country without fiat should provide their people a higher internet speed 😁. Jump to: