I agree that the legal tender will not collapse as there are many countries that mainly use the legal tender rather than the crypto currency on the Internet so there is nothing to fear because it will develop in the future and perhaps it will work with crypto currencies to create a safer Better system.
It might be possible but right now, nothing like that will happen. Currently, 99% of the population is using paper money and till the time all of them do not switch towards crypto currency, it will be very much difficult for anyone to crash fiat. Paper money is the basic need of this society and most of the people need it every time they need to buy some thing or they have to pay their bills. 
Topic: it is possible fiat currency will crashed? - page 26. (Read 8740 times)
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.
I agree with you. The fiat will not crashed because they know that fiat is their money ever since and they will not allow bitcoin or other cryptocurrencies to just defeat fiat and fiat is fine in my opinion so what is the reason for us to expect that it will crash because fiat is stable and i don't have any problem in fiat because i got more passive income than the percentage of inflation rate in my country. 
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.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I am not precisely a fan of Kyosaki, who has made his living of telling US residents that they should try not to f*king spend all their money as soon as they get the weekly check.
Fiats don´t really crash except in some poorly governed countries, but they do drop in value progressively as the interests rates are lower than inflation. A slow death IMO.
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.
Maybe soon! as long as the government implement digital currency as the new source of currency. But I guess Fiat currency will back up crypto in the near future aside from Gold that the government use too.
Wouldn't it crash if the government starts printing more for their own spending? I mean isn't that what causes such high inflation rates in some African countries. There's a selfish dictator, prints money for their own purposes, so the value of the currency goes down until it's almost worthless.
It seems that we need to agree what "fiat currency crash" means: of course it's very unlikely that fiat currency could be soon replaced by bitcoin or another cryptocurrency, because there are still too many technical and structural problem to solve.
But as someone already stated, fiat currency crash happened along all history, in some case very recently.
This is the reason why it's called fiat money: fiat=trust=faith.
When trust stops, the currency crashes.
But as someone already stated, fiat currency crash happened along all history, in some case very recently.
This is the reason why it's called fiat money: fiat=trust=faith.
When trust stops, the currency crashes.
The same is true for crypto. The only reason any crypto has any value is because people trust that someone else will also value it. Why doesn't really matter, if it's for trade or store of value; it only matters that a large group of people consider it to be worth something. Once a large group of people do not, it will not have value any longer, just like fiat. There is essentially no difference here.
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. 
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
As long as there are countries that are still in a 3rd world level, and there are people who die or hunger and poverty, we cannot expect fiat currency to crash. Not all people have access to the world wide web, so we cannot phase out cash and fiat currencies.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
As i did understand its not really going to crush the fiat currency. We knew that in order to have bitcoin or its alternate we used fiat currency to buy it. And to use it outside in the real world you are going to use fiat currency. When will it happen? When the government will prompt us to use bitcoins and make it a rule to accept bitcoin as a legal tender. Its them who will do it. No private organization can do it.No fiat money wont crash. Even though bitcoin will rise its popularity and the possibilities that it will be use as an acceptable alternative to fiat money yet fiat money wont crash. Why? Let us base from the history. Long time ago fiat money was already introduced. And until now still it is being used. To make it simple fiat money is an instrument use as excahnge with goods, goods and services in simple way of trading or marketing. Yet bitcoin could be an alternative exchange to fiat money. Bitcoin is considered as part of innovations of the modern world. However this fiat money is an instrument ready made for exchange while bitcoin could be also an instrument for exchange but u need to educate all the people in the system of bitcoin and also in the use of internet for online transactions.
I see the future as the peaceful coexistence of fiat money and cryptocurrency. Only combining these two things, we can build the better economy. IMHO.
Just only combining, we don't need fiat to crash because fiat is we use every where and crypto currency is only use of those people who only know about crypto.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
As i did understand its not really going to crush the fiat currency. We knew that in order to have bitcoin or its alternate we used fiat currency to buy it. And to use it outside in the real world you are going to use fiat currency. When will it happen? When the government will prompt us to use bitcoins and make it a rule to accept bitcoin as a legal tender. Its them who will do it. No private organization can do it. No fiat money wont crash. Even though bitcoin will rise its popularity and the possibilities that it will be use as an acceptable alternative to fiat money yet fiat money wont crash. Why? Let us base from the history. Long time ago fiat money was already introduced. And until now still it is being used. To make it simple fiat money is an instrument use as excahnge with goods, goods and services in simple way of trading or marketing. Yet bitcoin could be an alternative exchange to fiat money. Bitcoin is considered as part of innovations of the modern world. However this fiat money is an instrument ready made for exchange while bitcoin could be also an instrument for exchange but u need to educate all the people in the system of bitcoin and also in the use of internet for online transactions.
I see the future as the peaceful coexistence of fiat money and cryptocurrency. Only combining these two things, we can build the better economy. IMHO.
Just only combining, we don't need fiat to crash because fiat is we use every where and crypto currency is only use of those people who only know about crypto.
No fiat money wont crash. Even though bitcoin will rise its popularity and the possibilities that it will be use as an acceptable alternative to fiat money yet fiat money wont crash. Why? Let us base from the history. Long time ago fiat money was already introduced. And until now still it is being used. To make it simple fiat money is an instrument use as excahnge with goods, goods and services in simple way of trading or marketing. Yet bitcoin could be an alternative exchange to fiat money. Bitcoin is considered as part of innovations of the modern world. However this fiat money is an instrument ready made for exchange while bitcoin could be also an instrument for exchange but u need to educate all the people in the system of bitcoin and also in the use of internet for online transactions.
I see the future as the peaceful coexistence of fiat money and cryptocurrency. Only combining these two things, we can build the better economy. IMHO.
I don't think so. Fiat money is related to the country's sovereignty. Fiat money always controlled by the government agency such as Central bank and monetary task force. That's why I can't imagine without fiat money in the current world.
every fiat money is related to the government's prestigious issue, If the government can't control the collapse of fiat money then people also will lose trust in the government system. that's why fiat money always plays an important role in this platform.
Everything is possible in this world.But I think that this will be very difficult and seems to be impossible.The fiat currency is being used by all the people of the world.All the transactions are done through the fiat currency only.Fiat currency is internationally accepted.All the countries use their fiat currencies.Although it is the time of digitization and cryptocurrencies are getting popular,still many are not legalised and some are also banned too.You can use fiat anywhere and anytime unlike cryptocurrencies.every fiat money is related to the government's prestigious issue, If the government can't control the collapse of fiat money then people also will lose trust in the government system. that's why fiat money always plays an important role in this platform.
I don't think fiat will ever crash. At least not in our lifetime. There will always be a use for it, just like there will (now) always be a use for BTC/alts. We just don't know what those uses will be in the future, yet.
Agree with you it is not possible right now but it is sure that price of bitcoin is going to increase with time so it is getting stronger than cash not only in price but in demand as well, now people use bitcoin more than cash currency because it is easy to use and you will not have to go to bank to submit and cash out your money now with bitcoin you will carry your account in your phone and it will remain secure and safe so it will not crash but the use to become less than bitcoin gradually.
It seems that we need to agree what "fiat currency crash" means: of course it's very unlikely that fiat currency could be soon replaced by bitcoin or another cryptocurrency, because there are still too many technical and structural problem to solve.
But as someone already stated, fiat currency crash happened along all history, in some case very recently.
This is the reason why it's called fiat money: fiat=trust=faith.
When trust stops, the currency crashes.
But as someone already stated, fiat currency crash happened along all history, in some case very recently.
This is the reason why it's called fiat money: fiat=trust=faith.
When trust stops, the currency crashes.
I agree that the legal tender will not collapse as there are many countries that mainly use the legal tender rather than the crypto currency on the Internet so there is nothing to fear because it will develop in the future and perhaps it will work with crypto currencies to create a safer Better system.
I don't think fiat will ever crash. At least not in our lifetime. There will always be a use for it, just like there will (now) always be a use for BTC/alts. We just don't know what those uses will be in the future, yet.
Until whenever the country will continue to protect fiat for being a symbol of the country, besides any sophisticated technology then the use of fiat will be used, a small example is we pay $ 5 for parking and of course use fiat because if using takes more than 15 minutes so it becomes a queue problem. Jump to: