it is possible fiat currency will crashed? - page 24.

BountyX

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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?

Sooner or later this is an INEVITABLE scenario. FIAT currencies are totally debased from any real good and their supply is spinning out of control. This fact does not produce hyperinflation YET, because big banks are in fact hijacking this colossal money production and keeping it for themselves. But sooner or later this house of cards will crumble.

cherrymobile

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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 heared Robert Kyosaki statement about fiat currency . Its just that his own opinion. And do you think it is realky reliable. Just think of it before believing it will happened. Just focus on what you do and dont be afraid it wont crashed .Basically we need to research everything before going to negative conclusion.

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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 this is possible to happened , but Fiat will still exist due to the fact that every person in this world will accept Bitcoin as their way of payment , embracing it as their medium of transaction, we cannot please everybody, also accepting Bitcoin as way of payment is possible and we can say that is because of its great reputation for now.

Harrisonimo

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I don't see the crashing of fiat currency anytime soon. There are a lot of factors that will be in place before this can ever be made possible. But at the moment, Cryptocurrency is still fighting its way to make a full stand in our economy. Irrespective of the person proclaming this, it still needs years to build to reality. Not crashing out of fiats but reduction in its use and its circulation.

cr_liev

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No, not soon. I think fiat will exist in any form still for a long time. Remember, not all people have access to the Internet, even many governmental agencies still use the paper processes just because people from the previous generations are lazy to learn how to use computers or because technologies are expensive!

futile-resistance

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Quote from: amwer on February 10, 2018, 11:16:54 AM

Fiat money will lose its significance to gold and the cryptocurrencies in the next twenty years, said Robert Kiyosaki, bestselling author of "Rich Dad Poor Dad" and his latest ,"Why The Rich Are Getting Richer."
The self-proclaimed gold bug is one of few investors to be bullish on both bitcoin and gold, noting that the cryptocurrency will slowly erode fiat currencies' relevance, while gold will act as an important hedge instrument

Cash has lifecycle till 2020 after that it will crash because whole world will switch to the bitcoin by seeing the current fame of bitcoin and its acceptance cross the globe this fact can be assumed easily that bitcoin will be the global currency an after that cash will rot in the banks anyways banks are also ear expiry bitcoin has shown the true face of banks to the investor and people who place their money in banks re doing wring banks re giving them very minute profit on their money where as bitcoin give more than 100%.

zergenyt09

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Quote from: Lyne01 on February 10, 2018, 10:04:18 AM

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?

Fiat currency will always exist. I think it wont crash because it is still needed in the future. Some countries may opt to be cashless but some countries will still prefer fiat currency. It will not be eradicated totally and will still continue to go around the peoples hand.

Basically bitcoins can’t live without the fiat currency. May be I am wrong against the reviews of many people but I think what experts says about this dilemma that only bitcoins can’t survive. Reason is valid and logical that a layman who don’t have enough money for food how can he afford a computer and internet access to manipulate and use bitcoins. So yes, cash will be in pair with bitcoins.

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Quote from: slapper on February 09, 2018, 08:14:50 AM

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?

In my opinion, it's impossible for fiat currencies to be crashed. They are protected by the governments, they guarantee for the value and price of their fiat currencies. Fiat currencies are now play a important role in their economy so that they will do everything they can do not to make that situation happen. Maybe in the far future, digital money will replace traditional fiat currencies but I don't think Bitcoin will be that kind of money.

It is just a matter of time. Fiat or paper money will be wiped out by crypto currencies in future one day. The reason is simple, coming generations will love to have digital currencies instead of present paper money system. Everything evolve with time and introduction of crypto currencies is actually evolution of economic system. It is same as paper money kicked gold out of this business. But it will take time before this happens.

Toden1379

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It won't "crash". What I'm thinking is, we can still use fiat money for each country but use bitcoin as sort of an international currency that can be used on all countries. It's like another mode of payment but better since there wouldn't be any conversions needed.

The Lone Predator

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As a national event is very possible and it happened a lot of times, even recently (as in argentina or other countries)
As a global event, it's unlikely and could be happen just in case of a global nuclear war or something so.

Tutankryptos

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Of course is possible, it has happened coutless time along the history, and it will happen again.
But it's unlikely that it will happes with all currencies in the same time, so it's usually a local event, even if very bad.

mware

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The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature It is because the inflation always jumps and the purchasing power drops.

Semar Mesem

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The demands of the times and changes will always happen, as in the field of transportation that no longer rely on horse or cow, the global transaction system is more complicated and the quantity continues to increase so it takes a solution to overcome it, and I'm sure the presence of cryptocurrency will make fiat currency will crashed.

Apple Mac

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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?

For me I think it is a no since many people still do not recognize the worth of cryptocurrency and still remain to be dependent on the presence of existing fiat currency that will never make it into the crash and admit it or not, even the cryptocurrency holders are still into converting their holdings into fiat for their own sake because even if cryptocurrency was that popular, still people needs fiat and still rely on it

intoy_victor

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Anything in this world has an end. We are in the new generation people, animals and also our technology.

But I don't think Fiat Currency will crashed easily. The cycle of fiat currency in our world is very important to improve our economic. If the economy of a country crashed I think it is the time fiat will be crashed too.

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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 don't think it is going to happen ever in present time situation about to have developed economical system .
But still here we will not say any crash in Fiat value any time because crash is that word which usually uses for the sudden down in the Value of the particular thing but here we can see that value doens't go much down and more speedly because fist are those things which remains in demand always because people needed in actual so chances to get down is very low.
Here in am from India . In year 2012 $1 = 49INR but now today with small small down price is $1 = 76 INR , so clearly we can understand this thing very well that to get dump by 40-59% it taken 6 year which is not a crash .

vicvicto17

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Fiat currency is back up of gold and Gold is back up by dollars the industrial revolution will come to end and soon cryptocurrency will increasingly multiply the price. Don't left behind buy more while it's hot alot things gonna happen soon.

illete

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World changed,People mentality changed,Technology changed,In every filed innovations and major developments taken place but still fiat money exists there should be change people want to freedom of transactions and payments no more hurdles and risk of theft or lost.

Cryptocurrency in future will overcome people more like crypto currency as compare to fiat money.

melamiras

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Quote from: BitcoinTurk on February 11, 2018, 03:42:14 PM

This is unlikely to happen if you ask about my opinion, as banknotes have an important place in our lives and almost everywhere feels their need and comes out in anticipation. Of course, digital money will reduce the use of banknotes, but I do not think it will completely get rid of them. Even if we have to speak for the present day, we must remember that we earn these banknotes and realize our digital money purchases.

Fiats do crash, individually in many cases like when there is a war or an abnormal situation or a corrupt goverment. It is unlikely that all fiat would crash at the same time.

BitcoinTurk

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This is unlikely to happen if you ask about my opinion, as banknotes have an important place in our lives and almost everywhere feels their need and comes out in anticipation. Of course, digital money will reduce the use of banknotes, but I do not think it will completely get rid of them. Even if we have to speak for the present day, we must remember that we earn these banknotes and realize our digital money purchases.

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