it is possible fiat currency will crashed? - page 23.

ASICHEAD

hero member

Activity: 552

Merit: 500

Quote from: bitcoinmasterlord on February 22, 2018, 06:29:41 AM

Quote from: Wonder_woman on February 16, 2018, 06:24:26 AM

I don`t think Fiat Currency will get crashed because the Government are supporting Fiat Currency, so as long as Government supports Fiat currency there will be no reason for fiat to get crashed. But if the Government start transferring their support on cryptos, probably fiat money will get crashed and not be used anymore.

I think governament will never give 1st preference to any cryptocurrency they always give preference to fiat. I don't think in future also they will consider cryptocurrency is legal in their country. But we are hoping it may change in future suppose next generation give preference to this currency then definitely it will affect fiat currency.

Certainly, the cryptocurrency will be affect the world's monetary system in the future. The cryptocurreny users knew the best thing behind the cryptocurrency. Also, many companies used this technology for their system recently. I believe blockchain will be the next system for the world's monetary system. But, when it happen? I do not know haha Cheesy

.

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

Quote from: grermezter on August 06, 2017, 02:15:04 PM

Quote from: Jmmerquita on August 06, 2017, 01:47:54 PM

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

The is no way that fiat currency is going to get crashed, the only way that this is going to possible is when the economies of the various countries associated with their currency gets crashed, And am sure that when the economy of a country gets crashed or goes into recession, its going to affect the entire world, and cryptocurrencies are not going to be spared either.

i agree, cryptocurrencies depends on fiat money, cryptocurrencies won't slared as mention above it's because the cryptocurrencies are bought using fiat money so in other words cryptocurrencies don't have value if it is not because of fiat money. Let me ask you a question. Do you really think that cryptocurrencies made by itself? The answer is NO. You need to buy cryptocurrencies in order to gain their own value. The price as i said depends on supply and demand. Cryptocurrencies is the same as bank but not centralized there is no main that will control the flow.

kobe24

sr. member

Activity: 616

Merit: 250

www.cd3d.app

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.

bitchubitchu

newbie

Activity: 175

Merit: 0

I think fiat currency will not crashed because it is easy to access and it can be use by anybody,but who knows what will happen soon.

sorin90

member

Activity: 182

Merit: 10

there where some that crashed but if all the fiat would crash there could be a global economical crises the world has never seen. The governments are not prepared to use electronic money only or coins like crypto so it could be a great problem.

East2011

member

Activity: 454

Merit: 10

"Reserve Your Ledger at GYMLEDGER.COM"

Fiat currency will never crashed. It can be use by all people rich or poor. And i don'k think the government will let their currency be crashed. No currency can change fiat currency.

queenlaurel

jr. member

Activity: 182

Merit: 1

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Fiat currency will be around for a while and nothing will change it at least for now. Anything can happen still, based on those who control fiat and bitcoin. If the world reaches an agreement that bitcoin should be used then why not? Through this no one can claim to be richer than the other, most people will be at the same level.

BossMacko

hero member

Activity: 1134

Merit: 502

The only possible reason for flat currency to crashed if a government will release lots of flat currency supply. In supply and demand if there are many supply the demand is low therefore price can crash, likewise if the supply is not that many the demand is high therefore price will rise. Same in Bitcoin or other cryptocurrencies.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: Wonder_woman on February 16, 2018, 06:24:26 AM

I don`t think Fiat Currency will get crashed because the Government are supporting Fiat Currency, so as long as Government supports Fiat currency there will be no reason for fiat to get crashed. But if the Government start transferring their support on cryptos, probably fiat money will get crashed and not be used anymore.

I think governament will never give 1st preference to any cryptocurrency they always give preference to fiat. I don't think in future also they will consider cryptocurrency is legal in their country. But we are hoping it may change in future suppose next generation give preference to this currency then definitely it will affect fiat currency.

Andrej Peiboski

member

Activity: 350

Merit: 12

Of course it's very possible, and it happened a lot of time in history, even recently for example in Argentina.
By luck this is usually a local problem, so the general infrastructure resists, but don't forget: fiat money are made of paper, they can crash in any moment...

zhanyiguai261315

member

Activity: 392

Merit: 10

In some big countries fiat money will never collapse! This is not only economic but also political!

They adopt good monetary policy, adapt to market demand and supply, and guarantee the value of money! Stabilize the society!

Sand King

full member

Activity: 462

Merit: 100

Quote from: charmaine08 on November 30, 2017, 06:01:42 PM

I think no , cause we used fiat ever since so it is possible that it will be crashed ,

Well i dont really think that fiat currency is we will crashed because it is very important in this world and ever since before fiat currency is existing in this world and fiat currency is all peoples need in this world to buy there needs and wants.

kateycoin

full member

Activity: 882

Merit: 104

Quote from: Jmmerquita on August 06, 2017, 01:47:54 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 its not gonna happen because fiat is important to all people mostly to people not totally knows about cryptocurrencies. It's hear say because no clarification for that.

samtarly

full member

Activity: 196

Merit: 100

Pre-sale - March 18

It's possible if cryptocurrency crazed will continue and every business in the world will adopt this kind of system and that's the time financial institutions can do something about it and even the government, all they can do is ride its fame and start to accept the technology as well and might as well make their own.

TiffanyLien23

full member

Activity: 350

Merit: 107

I think no. That is impossible to happen. Many people still prefer to use fiat currency because it is the fastest way of buying small thing like buying your needs in the small store and most of the people dont know how to use digital currency. Government in many countries also wont allow that there will no more fiat currency to use because each country have a Central Bank which has the big contribution of the economy through the taxes that they were paying to the government. So for me, in my opinion we will still using fiat currency and no one can replace or crashed it.

JoshMart

jr. member

Activity: 224

Merit: 2

The Experience Layer of the Decentralized Internet

As much as I love Bitcoin and I think it is way better than any fiat currency but I don't think fiat currency will crash, these fiats are banked by governments and big companies who will not allow that to happen. I love crypto currencies but I also know that it can never replace fiat but i think it still can co-exist.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: Mr. Legendaris on February 09, 2018, 07:26:12 PM

I think this will not happen, fiat is the official currency of the country so the country will protect the fiat in full, the state will do everything to maintain the fiat.

Fiat currency has always crashed and it will do it again, the problem is that governments and banks got a monopoly on gold and so people could not use gold to make their traders, but now there are going to be hundreds of independent currencies competing with fiat, while fiat is never going to disappear I think we are going to see a weakening of fiat in the next decades.

Ann Impas

full member

Activity: 420

Merit: 101

The possibility is there, we have a constant thing happening which is change. We all knew that fiat currency nowadays have some issue as it was not totally back-up by Gold reserve. We don't know exactly what is the condition of our currency reserve. If that is the case, then the effect will come later on. So let just wait and see. I'm sure crypto currency will be a additional option for people.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Wonder_woman on February 16, 2018, 06:24:26 AM

I don`t think Fiat Currency will get crashed because the Government are supporting Fiat Currency, so as long as Government supports Fiat currency there will be no reason for fiat to get crashed. But if the Government start transferring their support on cryptos, probably fiat money will get crashed and not be used anymore.

When the time that the people realizes that they are just losing their real value of money overtime then the people will not use fiat anymore and they will just use the cryptocurrencies and that is when the fiat currencies will crash and even though the governments are supporting it, then it is not enough for the fiat currencies to stay.

Wonder_woman

full member

Activity: 674

Merit: 101

I am hired and not own by any Team!

I don`t think Fiat Currency will get crashed because the Government are supporting Fiat Currency, so as long as Government supports Fiat currency there will be no reason for fiat to get crashed. But if the Government start transferring their support on cryptos, probably fiat money will get crashed and not be used anymore.

Topic: it is possible fiat currency will crashed? - page 23. (Read 8740 times)