it is possible fiat currency will crashed? - page 28.

jassanpary

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Quote from: removebeforeflight on February 03, 2018, 11:27:47 PM

It may happen if cryptocurrency and internet is available to all people in the world, that too all countries accepting cryptocurrency. But this may take another 20+ years to happen.

Other chance for possibility is financial recession or world war 3, but these reason would impact cryptocurrency as well heavily. I think fiat and crypto both would exist like gold and currency traditionally.

I think fiat currency won't get crashed even though the existence of cryptocurrency, fiat currency is used since from the ages and all over the world many people are still using and dependent on the fiat currency. Still lot of people don't know about the crypto, so fiat will be there no problem for the conventional money.

warunacrypto

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no its not because country maintain there currancy if not control the people, btc is also going with parralel to crypto

putot

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I really dont believe what Robert Kyosaki saying because first fiat curency is under the governments control and many people are already using fiat for there daily needs and it is so hars to replace.Although many people uses crypto currency but still alot of people uses fiat because it is accepted everywhere.

chickenado

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Quote from: Sanugarid on February 03, 2018, 07:32:34 PM

I don't thi k this thing is possible. Fiat or regular currency has stable market value and is supported by governments which is the opposite of cryptocurrencies including Bitcoin. There are changes on the market value of fiat but that is not as huge as in Bitcoin. Also, many people are more into fiat than cryptos which are still young compared to cash. The market price of fiat are way stable to crash.

Yes i agree on that this is not really possible fiat will not going to crashed because it is really supported by the government and it is really the currency that we all used for a long time,Many people today used bitcoin or digital currency but many more people use fiat yhan digital currency because they really used fiat foe a long tome and maybe they really didnt know about bitcoin yet.

removebeforeflight

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It may happen if cryptocurrency and internet is available to all people in the world, that too all countries accepting cryptocurrency. But this may take another 20+ years to happen.

Other chance for possibility is financial recession or world war 3, but these reason would impact cryptocurrency as well heavily. I think fiat and crypto both would exist like gold and currency traditionally.

Sanugarid

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I don't thi k this thing is possible. Fiat or regular currency has stable market value and is supported by governments which is the opposite of cryptocurrencies including Bitcoin. There are changes on the market value of fiat but that is not as huge as in Bitcoin. Also, many people are more into fiat than cryptos which are still young compared to cash. The market price of fiat are way stable to crash.

bib24

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In my opinion its not possible any time soon, but we really don't know what the future hold. What we know is that fiat currency cannot be easily crashed since it was controlled by the government, and our government play a major role in economic activities.

ju5510993

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I don't think fiat money can collapse. Serious problems if the country's economic, legal tender is likely to fall, but the distance of collapse is distance, if the legal currency collapse, so will appear a lot of problems in this country, all kinds of factors of social unrest will appear!

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

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

If this happens it will be a global crisis. When FIAT is destroyed and countries around the world face major crises, the billionaires will become poor. The money we own will be rubbish.

Neerajkumar

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It seems quite impossible type that Fiat currency will disappear.The Fiat currency is controlled by the Central government where the currency is printed and the government is having control over it.If it crashes it may lead to more problem.
Btc or any other cryptocurrency will take years to replace Fiat currency.It doesn't Seems impossible but will take years to surpass it.

bribed

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As Fiat is "controlled" by central banks its not likely that it will face a real crash, as those entities just print new money out of thin air whenever they want. But with the creation of new money whenever a credit is given out, there surely will be a critical mass reached that will cause another crisis to the current financial system as we have experienced in 2009. Im just curious when the next crisis will come our way.

Osarman

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Quote from: charmaine08 on November 30, 2017, 07:01:42 PM

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

I would not be too sure about that. A lot can happen and a lot can change in the future. What happens when everyone decides to stop using fiat or probably some huge part of the population decides they are done with fiat? Do we think something like that cannot happen? Anything is possible at this day and age with everything going digital except even if it ever happens at all, it is going to take some years.

kuckong

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crash with what? cryptocurrent? i think fiat cant crash with crypto. they have different think. one is real and the other is virtual. and i think the government will take step to manage cryptocurrent. they will make crypto and fiat work together.

Gabrieelle

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Currently, fiat currency cannot be crushed because it is what most people use in their daily transactions. It will take years before they replace fiat currency. If the world will be conquered by technology in the future I think it will be most likely that the money we will be using is also digital. Anything is possible now a days, but fiat currency is widely used and more efficient today.

zhanyiguai261315

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Real estate, gold, diamonds, bitcoins, and etherlands can be used as means of investment. For example, if you have a house, or a lot of land for rent, you are the rich, the landlord, on the contrary, the legal tender is just paper, and their value can be affected by inflation at any time.

kiloiko

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Quote from: enterprevic1 on December 06, 2017, 06:36:41 AM

yes and no its not, it can only reduce the use of fiat currency but i don't think it can make it stop being used

If we are only going to have to consider the long run when some generations will pass which I am sure it is not even going to happen even in 50 years or more, then we may say that fiats may be replaced a little bit. However, for now, we are still going to have to end up dealing with fiats.

Some countries will adopt cryptocurrencies in a large way more than some countries which is why the extinction of paper currency is not going to be the same in every country but at a point in the future, this should be expected.

cr_liev

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No, it won't be crashed. At least not in the nearest 50 years in developed countries. With the help of what means do you commonly evaluate the value of bitcoin? I bet, this is not gold. You use fiat currency for this because it dominates and will dominate.

ethereumhunter

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I think it is possible for the fiat currency that will be crashed and I think we can see in one year ago when the economy in greece is crashed, people don't believe with the fiat and it makes people panic and they move to cryptocurrency. and if fiat currency in the one or more country is crashed, I think there will be a chaotic situation in that country and it will trigger many demonstrations from the people that want the government to stabilize the economy of their country. but I don't know about this and I think it is better to us to prepare ourselves to face the bad situations in the future.

AlaitisalKhayr

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Quote from: Jmmerquita on August 06, 2017, 02:47:54 PM

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

It will happen soon, but we will not use bitcoin as the main currency, we will back to use gold and bitcoin only become he representation of it. But that is only my opinion.

romero121

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However things get digital, the technology provides ease in each and every activity. Another thing is that cash is interlinked to each and everything, so without cash even our bitcoin will go valueless. Because, till date bitcoin is valued in terms of fiat though it's denomination is made in terms of Satoshi.

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