Topic: it is possible fiat currency will crashed? - page 27. (Read 8740 times)
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.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Fiat is more comfortable to use here in our place. And fiat will remain in the circulation of every country. Even though all scenario are posible to happen. But this thing won't never happen.
I think it is not possible in the near future. Because the fiat currency have got a level in the market. The common people that have no idea about the internet and technology have enough knowledge about the fiat currency while they does not know about the crypto currency. It will possible in the far future the crypto will crash the fiat currency but in the near future it is not possible/
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.
It can not be blocked unless the government wants it that way, what can be devalued, as in the case of Venezuela and its "Bolivar" fiat currency ... In general, devaluation can have similar consequences to the blockade of fiat money , but blocking it completely is not possible.
Are you sure? Try to explain you point of view to argentinian people, or to venezuelan, or to another country hit by a financial crisis!
Like it or not, fiat currency is just PAPER. And in any moment it could lose its value.
It happened a lot of times, even in remote age, and - you can be sure - it will happen again and again.
Like it or not, fiat currency is just PAPER. And in any moment it could lose its value.
It happened a lot of times, even in remote age, and - you can be sure - it will happen again and again.
No way! Because fiat currency supported by many governments and if something will happen they gonna keep their currency fine artificially.
No way! Because fiat currency supported by many governments and if something will happen they gonna keep their currency fine artificially.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Many people will still prefer to use fiat money than digital money because their knowledge about digital money is still insufficient. Try to interview a people in your community about cryptocurrencies; I am sure that there are only few people that aware to what is digital money. We should make a move to spread our knowledge about digital money to the other people.
Fiat will never crash. Fiat is the only money recognized by banks and are widely accepted and regulated by government. Fiat already exist thousands of years and is the mode of paymet used by people around the globe. It is more stable but with different value depending on the type of currency. And most importantly it is very important factor in our economy and its very impossible to get crashed.
Fiat currencies are affected by inflation whereas cryptocurrencies will be an answer for inflation or financial downturn in a country.
Just as gold was abandoned as a currency because it was unsuitable for fostering economic activity, so too will fixed circulation cryptos like Bitcoin prove to be unsuitable for the same reason. The simple fact is that the world's economy is built on growth, and growth is fueled in some small part by inflation. The fine line the Fed walks is spurring economic activity and growth while also keeping inflation in check, and this is something that is impossible with an economy denominated in Bitcoin. Economic growth will dramatically slow under such a system.
It's very possible, and it happened countless times in history, so I don't understand why a lot of people here say it's impossible.
Fiat money, as the name states, is about "faith", and it measure the trust people have in a specific country.
When, for any reason, this trust diminishes, the value of the money falls, there is hyperinflation and the country is in debt.
Of course, if we think about "dollar" this is unlikely, as we talk about the strong economy in the world.
But it's not impossible.
Fiat money, as the name states, is about "faith", and it measure the trust people have in a specific country.
When, for any reason, this trust diminishes, the value of the money falls, there is hyperinflation and the country is in debt.
Of course, if we think about "dollar" this is unlikely, as we talk about the strong economy in the world.
But it's not impossible.
Some thread out there already asked this kind of thought and once again I'll answer "No". Fiat currency will not be crushed or end. First, it is issued by the government. It will always have its place in the economy even in this time of cryptocurrencies. Just like how the government accept taxes in the form of fiat money and central banks support and manages this money. As long as there is a government who supports and issues this fiat money, it will not crashed the way like what you think.
Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.
In my opinion, they can't crash the fiat currencies because the government and a lot of people are using the fiat currencies and that is enough for us to realize that the fiat currencies will not crash because if that possible then the government will be alarmed and they will stop that threat by banning the cryptocurrencies but it is not happening so it is a simple explanation that it is not possible.
Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.
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.
Why people are always talking and asking about this ? Is not the answer clear? The flat will not be replaced by anything and will not be extinct. Not all countries will lose the flat and cash. What do you think of the fate of those who live in the village and live in poverty in the big city. They can not use ATMs and do not know about how to use technology. They can only use cash as a tool for transactions. So the flat will not go extinct and disappear! Do not be too excited and excessive. Indeed in the future we will never know what will happen. Maybe I'm also wrong, but I'm sure about one thing: the economy will always adapt to the people. 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.
Fiat currencies are affected by inflation whereas cryptocurrencies will be an answer for inflation or financial downturn in a country.
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 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.
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.
That's kinda weird because how can a fiat crash where it is the currency people used for ever centuries. There's no problem about its value since it is not volatile and almost has a fix value over the past years. Maybe it will come if cryptocurrency will replace fiat in the future but even that one is very hard to attain due to the fact that digital currencies have also their own drawbacks.
I don't think that the government will not do anything if the fiat currency is crashed because the government control fiat currency and they will do everything to prevent this. but if the government cannot prevent this then fiat currency will crash and people will losing their trust in the government and this will trigger for a chaos that will happen in ever places in that country. besides that, the government will use their power to stabilize fiat currency if something goes wrong with fiat currency.
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