Topic: it is possible fiat currency will crashed? - page 36. (Read 8740 times)
It is for sure possible and that is what we are seeing right now actually because more and more people are realizing that FIAT is worthless as it was created by private organizations and is controlled by them so they can create fake debt through inflation that benefits them but it is at the expense of everybody else and this has been happening for so long so it needs to stop.
think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .
Yes I do agree with you that the fiat currency will be functional if the crypto currency get the hold of the whole market and all the local purchases will be made by these fiat currencies in the market, so both have their importance in their places.Not crash but replace, there is a small chance that it will ever be replaced with another form of payment but never in my opinion will be destroyed in itself.
Yes, the paper money can't be replaced totally by the digital currency in any time because there are many processes, in which only paper money can be used and digital money is useless there. Bitcoin can replace paper money in future but upto a specific extent and it importance will continue with the importance of digital money. Even if people started using bitcoin in daily life, then with it paper money will also play an active role. Both are having their own importance, we can't compare one thing with another by means of its importance.
No fiat currency cannot get crashed at the expense of any cryptocurrency.It can happen in the future than government can apply digital currency in place of fiat currency.But everyone cannot use the cryotocurrencies in today's date.Many people are still illiterate and do not even have accessibility to internet.Digital currency adaptation can happen in the developed countries but not in the developing and underdeveloped countries as basic mode of living is fiat currency or paper money there.Fiat money is accepted all over the world without any hesitation unlike the cryptocurrencies which are not even legalised.
Yes, the future of bitcoin looks brighter than the present situation. As the time spends by, more and more people will start to invest in bitcoin, which will increase its importance and will make its price very high. With the time bitcoin will be legalized by the maximum countries of the world as for now it is only accepted by a few of countries in the world, thus its importance will increase with the passage of time and its future will become more and more brighter. 
It is definitely possible for FIAT currency to crash. Especially because it is so easily created. That means it can so easily be destroyed, and so it is. Paper money can be double spent and that is what the Federal Reserve does and they call it quantitative easing, or fractional reserve banking. This poses a systemic risk and so BTC came about to provide an alternative to the dying FIAT money.
I'm actually wondering what would happen to the crypto market in such case? For fiat to fall there would need to be some global economical disaster or at least something considerable happening in the United States as USD influences the whole world market. We've had these two big market crashes in the history so it can happen again. In such case, there is a high probability that people maybe look for safety in the cryptocurrencies. Also with usd collapsing bitcoin would be then worth almost instantly 10 times before crash price. Does that mean that cryptocurrencies are in a way global market independent? I mean, there may be some crypto crashes, but it happens with no correlation to the regular mainstream markets.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Of course it is really possible but not because of crypto currency, in any way all day fiat is stable and regulated by its government but there are circumstances that they cannot be controlled just like in a hyperinflationary economy. 
Every single monetary fiat system is destined to fail - sooner or later there will be a crisis, we just need to wait for the breaking point.
We can't live on credit indefinitely - but the bigger the bubble of fiat currency the longer it can last.
In the past we had many 'leading' currencies - for example, pound sterling was the primary reserve currency of much of the world in the 19th century and the first half of the 20th century.
Pound no longer is regarded as leading currency - but it is still far from the crash.
We can't live on credit indefinitely - but the bigger the bubble of fiat currency the longer it can last.
In the past we had many 'leading' currencies - for example, pound sterling was the primary reserve currency of much of the world in the 19th century and the first half of the 20th century.
Pound no longer is regarded as leading currency - but it is still far from the crash.
Fiat currency cannot crash easily, but fiat currency may get extinct in the coming future. Every country is trying to publicize cards and online transaction, in short one can easily see that government itself wants to eradicate fiat currency and introduce their own virtual currency. fiat currency will be replaced in the coming years by some sort of virtual currency but that virtual currency being Bitcoin is still hard to say.
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 will not crashed. We all know that the cryptocurrency is becoming more popular than before but I think the popularity is not yet enough to beat the fiat currency.I can guarantee you that in the next 100 years, some people in some countries won't still know about bitcoin.
Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.
I am totally agree with you because fiat currency is not a crypto currency. In any country, government make fiat currency for progress of development and people use it for living. It is not an internet connection based currency. So i think it is not possible to crash. I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Its a lie! How can fiat crashed ? When all of the people is using fiat currency. There is no really reason to crashed fiats, we are in the new world now but fiat will never change and the use of it. Maybe the physical appearance of it will change but it will not crashed and not be ou of evry economy of country. I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
There is such a thing as hyperinflation https://en.wikipedia.org/wiki/Hyperinflation which basically devalues your fiat really quick. This would be most likely the closest to the crash of the certain currency.
Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
This will never happen. Fiat currency is the main source of what we have right now and also on every country. Government keeps and holds balance value of fiat currency. If it will crashed there will be panic on each country and also it can affect the living of some people who don't know crypto currency.
That means the inflation can give a lot of the impact to the fiat money's value. especially about the stability of the economic in every country.
The possibility was true. But that will be so difficult rather than cryptocurrency. because the fiat money gets a lot of the backed from the various economic structure.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
This will never happen. Fiat currency is the main source of what we have right now and also on every country. Government keeps and holds balance value of fiat currency. If it will crashed there will be panic on each country and also it can affect the living of some people who don't know crypto currency.
it is impossible until the cryptocurrency is decentralized...the states won't allow not to control everything and this is obvious and properly...the cryptocurrency may in the future simply become a good option, but it will never replace the fiat
yes I think the same thing, the Government has an important role to defend the economy in every State. Includes official and acknowledged permit issues.There will be rules about it, in time BTC and fiat will be together and can not be separated.
think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .
Yes I do agree with you that the fiat currency will be functional if the crypto currency get the hold of the whole market and all the local purchases will be made by these fiat currencies in the market, so both have their importance in their places.
No, I don't think it is possible.No doubt some people are nowdays using digital currencies for their transactions but there are number of people that are still using fiat currencies as their mode of payment.It is difficult for any digital currency to gain that amount of trust that people have on fiat currencies.Fiat currency is a traditional form form of currency that is being used by people since years. So it is not possible for any type of digital currency to replace fiat currency .So it will not be crashed.
it is possible for fiat currency to be crashed if people is not trusted with their government and there are many people is yelling for some chances and inflation in the country. as long as the government can calm down their people then the chances is small to see fiat is crashed. we have seen many countries inflation but somehow the government can make a good solution for the situations and makes people believe to them. i can not imagine if fiat currency in many country is crashed and i wish that this situations is not happen right now or in future.
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