it is possible fiat currency will crashed? - page 29.

Xanxus024

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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 know but I'm sure it's not going to happen because we used fiat over 100 years and I'm think that you are pointing that crypto currencies is the one who replace it?

CherRic

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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?

Fiat currency will never be crashed, not now and never. It will continue to exist around the world.
People will continue to produce and utilized it because its a main part of the economy of one country.

ubersnuggy

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Probably not anytime soon but who knows anything can happen

guxu219

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Quote from: resty on November 27, 2017, 07:39:52 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?

I think the extinction of our fiat money is surely possible but it takes a long period of time. We all know that we are now in the digital world so our currency also. We can easily access crypto thru the internet therefore internet plays a big role to our country. There are still countries in the world who has slow internet connection so it will be a serious problem.

Yes, there are more possibility of crossing fiat money because now world is developing very fast and people are trying to pay and accept payment in digital money and that will be done only in digital money because card system is very fast and easy to used.

KrLos

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Quote from: naidray on November 27, 2017, 12:36:23 PM

Quote from: Bitcoinislife09 on November 20, 2017, 05:42:41 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 will never be crashed or gone. Bitcoin is powerful because of fiat currencies. We know that bitcoin's price became higher because of its value in dollars. Without fiat, how can we monitor Bitcoin's price? We have to admit that we cannot use Bitcoin today if we don't use fiat because we use fiat currencies in our country. Fiat currencies are foundation of economy of a country so it is impossible to be removed and be replaced completely by Bitcoin.

There are some reckless and hash policies by the government that can cause fiats to crash which can make people to totally lose all confidence in the fiat system.

Take a look at Zimbabwe and how the Zimbabwean Dollar crumbled and then you will understand that is very possible for fiats to crash. So, if anything goes wrong with the way the government of most countries have been doing things, then the possibilities of fiat crashing is possible.

Fiat will exist for a long time, and one of the main reasons is that it's the best tool for various frauds, illegal business, because money does not pass through the bank

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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?

It will happen only if all country will ban bitcoin for good. And or all the people will collaborate. And all the miners to be tracked down and arrested. Well doing all that is no easy work were talking about the community and the users around the globe i guess they wont get away easy if this will be done.

Sleepy18

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I think there is no reason why fiat currency will collapse or destroy. Maybe most of the people will be much interested to gain cryptocurrency because of its value and most of rhe people are well educated in running on this business. Aside from that they can earn money even without investing but more or less people are interest in its potential to exchange with other crypto unlike the fiat money that when you go to other place specially to other country you need to exchange your money into foreign money. And ofcourse if this will happen crypto currency will also be destroy because this is what they want to earn more fiat money! If there is no fiat money they dont have any reason to mine or to get this kind of crypto currency because its values will be invalid or does not exist

bitcoinerjawa

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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?

the possibility of fiat exchange rate will decrease in price if bitcoin shake the world, but it is just speculation and takes a very long time.

--DarkSecrets--

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Quote from: sangwookie on December 13, 2017, 10:34:46 PM

Ummm...this is a very broad question. Fiat currencies fail all the time. If you mean worldwide then the USD, Pound and Euro would all have to fail. The countries backing these currencies are trillions of dollars in debt without any collateral to back it. The great restart button would be a war to empower fiat currencies again and create animosity amongst the different nations of the world. Lots of cryptos are recognized and accepted universally. Interesting isn't it?

Maybe the OP is saying that it will crash like nobody is wanting to use it anymore but we are too far from it now and yet crypto is now only recognized by more people and i think that will takes years to happen and by looking the future it will be more possible that we may not use cash anymore in the next decades.

Herressy

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I think this can not be happen, fiat currency is a part of our every day life, and all countries have their own fiat, even if there's have a crypto currency now the fiat will not be lost .

sangwookie

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Ummm...this is a very broad question. Fiat currencies fail all the time. If you mean worldwide then the USD, Pound and Euro would all have to fail. The countries backing these currencies are trillions of dollars in debt without any collateral to back it. The great restart button would be a war to empower fiat currencies again and create animosity amongst the different nations of the world. Lots of cryptos are recognized and accepted universally. Interesting isn't it?

Theb

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Quote from: ArnoldChippy on December 06, 2017, 05:41:53 PM

Quote from: Risktaker31 on December 06, 2017, 06:29:51 AM

In my opinion fiat currency cant be stop by this new innovative cryptocurrency thats been up on the market because fiat currency is one of the major terms on buying and selling and it is one of the national treasure of every nation .

I do not think that it will ever possible, I think that fiat will continue for along long time. Even though the bitcoin users are now increasing too much but still i think that it can effect fiat so badly, because still majority of people are illiterate and they do not have any idea about computer and internet therefore i think that it will even take more than half century when all the people of the world will start using bitcoin.

It's not like Bitcoin who can we drive the price of it down. What I mean is that the price of Fiat Currency is actually based on something, and the something is the economy of a country and it is really hard to make it crash just by whales selling a part of it as it won't be a really goo idea as it won't have any effect at all. As long as the economy of a country is strong and growing we don't need to worry about our Fiat Currency crashing. Besides who would want their own Fiat Currency to crash?

L1looker

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Fiat currency will not crashed. It will crashed only if all the country joined forces to ban fiat and only used crypto currencies. But it's impossible.

Amilhussin24

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i think it will never crashed, because Bitcoin and Fiat currency is different to each other, as we all know that bitcoin is lives in the internet, its a digital currency, and the fiat currency is touchable, it is a government money. they are opposite to each other, although there are many people using bitcoin than fiat currency, still the two, bitcoin and fiat is together when it comes in using. Try to withdraw a bitcoin and it will become cash. So still the fiat currency is running, using by people. It is impossible to crashed.

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Quote from: carodupuis on December 05, 2017, 01:40:13 AM

Quote from: Bitcoinislife09 on November 20, 2017, 05:42:41 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 will never be crashed or gone. Bitcoin is powerful because of fiat currencies. We know that bitcoin's price became higher because of its value in dollars. Without fiat, how can we monitor Bitcoin's price? We have to admit that we cannot use Bitcoin today if we don't use fiat because we use fiat currencies in our country. Fiat currencies are foundation of economy of a country so it is impossible to be removed and be replaced completely by Bitcoin.

It is really a good thing that cryptocurrency is here to save the day in situations like this. I really wonder what people though is usually the cause of all the huge inflations in the past. R. Kiyosaki already saw this coming and it is about time before we all realize that at some point, fiats will crash. Gone are the days when the governments will impose some crazy hash policies for their own power and benefits.

Lessen probably but it starts from there gradually until people just get so tired of using fiat. It has been stated some times before that fiats are going to crash so badly in the long run and as long as people end up finding solace in crypto, attentions of the learned and exposed ones will start shifting gradually and that is something to watch out for in the long run.

satria2

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Quote from: innocent93 on December 06, 2017, 03:36:03 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?

It is impossible to anticipate such a financial event but i would love to see this happening i would be glad that i have some crypto coins in my wallet.

This is because the Bitcoin price is very much increased every day and this will affect the other alt Wink

Goodsamaritan

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The reasons why businessman invest their fiat money to real estate, bonds, stocks, bitcoin, gold, and many more is that these are not affected when their fiat money decreased in value. Currently our fiat money is in constant problem but crashing is none of them becauseif it crashed then a country must be in bankrupt state. Fiat money only decreases its value.

ArnoldChippy

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Quote from: Risktaker31 on December 06, 2017, 06:29:51 AM

In my opinion fiat currency cant be stop by this new innovative cryptocurrency thats been up on the market because fiat currency is one of the major terms on buying and selling and it is one of the national treasure of every nation .

I do not think that it will ever possible, I think that fiat will continue for along long time. Even though the bitcoin users are now increasing too much but still i think that it can effect fiat so badly, because still majority of people are illiterate and they do not have any idea about computer and internet therefore i think that it will even take more than half century when all the people of the world will start using bitcoin.

bubble pop

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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 fiat currency cannot be crash that easily because they are been under the government so theey will protect it. And besides cryptocurrency cannot be the official money or monetary unit simply because their value are not stable and people just always wanted the value to get up but what if it always fall they might get crazy. The thing that will happen is our own monetary units will have their own version of digital currency then we can now be a digital society and all those cryptocurrency will co exist with that but i think that bitcoins and all the other will just be a business currency

innocent93

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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?

It is impossible to anticipate such a financial event but i would love to see this happening i would be glad that i have some crypto coins in my wallet.

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