it is possible fiat currency will crashed? - page 38.

websoftwareengineer

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Quote from: carlerha on August 06, 2017, 07:23:08 PM

Quote from: eloymjb on August 06, 2017, 06:54:19 PM

i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..

i also agree with you that it may not be possible that fiat currency will crashed. i think they will also continue side by side with bitcoin. and i think that it will take a lot of time when bitcoin will become so much popular that all the people of the world start using bitcoin and ignore fiat currency,

It is impossible for the fiat to crash because not every country is using virtual currency or bitcoins and they still stay on they current money. Governments in different country are not allowing bitcoins to be legal in their country so it was impossible for fiat to be crashed.

swscowods

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Quote from: farwellbit on November 01, 2017, 05:01:05 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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.

Everyone has his own way of looking up at the things but I think otherwise. In my opinion, it is not at all possible to see cashless society. Paper money has its very own importance and there is no way that we can deny the importance of usage of paper money. In addition to this, paper money is being used since centuries, so it is not all possible to see such kind of thing in the future.

cryptokitty

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Quote from: ROB18 on November 01, 2017, 10:57:26 AM

I don't think fiat currency will crashed but definitely people will look for additional option on how thy could purchase products or services using different mode of system or currently which one of the current example is crypto currency.

I think so, that will be the future events if the world will accept bitcoin as mode of payment everywhere in exchange of goods and services.

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I don't think fiat currency will crashed but definitely people will look for additional option on how thy could purchase products or services using different mode of system or currently which one of the current example is crypto currency.

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Quote from: DIMKAZDS on October 30, 2017, 03:50:35 PM

Quote from: Tantlizbat on October 30, 2017, 09:34:39 AM

Quote from: neonshium on October 25, 2017, 05:12:32 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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 .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

Fiat/conventional money is widely accepted and is also approved by the laws, while. Bitcoin is not widely accepted, though some country does accept it, but all the countries I’ve seen accepting Bitcoin are not even worth it. So fiat is not ending in anyway, even if Bitcoin is used as an alternative.

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 I think it will be crashed because in the future there will be only one currency and that will be bitcoin, therefore all other currencies fiat or paper will disappear. All the people in the world will just use bitcoin for their needs and for their future investment, because bitcoin is the best way to invest your money to earn more and money in a short period of time. Therefore I submit that fiat currency will be crashed.

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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 BTC will officially enter the business sector and used it as form of payment, I think fiat will not crashed but instead it will be used by some areas that are not capable of using digital currency or cannot afford to avail the latest technology. In short, it will be used but in a very limited aspect.

waynechong1995

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Not likely, crash on the entire fiat currency just would force things to become cheaper and the global market would eventually adjusted to it, there is no reason for fiat currency to crash for at least now as many fiats are pretty established with government support from countries to countries. Robert Kiyosaki's point is concerned majorly on inflation issues by printing 'endless' money which i doubt it would be impact since governments would have already set up their own measures (like increasing tax) to pay debts. But it's universally true that only stuff with limited supply suppose to be more valuable over time, like USD wouldn't just climb but to remains stable over the course of decades.

Counteract? save some golds and BTC you would be fine Wink

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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.

UchihaRukawa

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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?

I think this crash of fiat currency is not gonna happen anytime soon, I think that bitcoin and our current money currency is related to each other, without one another, the two will fall. I remember that the purpose of these cryptocurrency is not to replace fiat money or eradicate them from this world, but to help people have a much convinient way of sending and receiving money.

wismases

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Quote from: jatin729 on November 01, 2017, 08:27:13 AM

Fiat currency can't be crashed, because our country economy only depend upon fiat, bitcoin can't be use for trading purpose like Imports and exports.
and fiat currency has plus point that it would be usable by every one in the country. most of people in the world use fiat currency.

https://en.wikipedia.org/wiki/1997_Asian_financial_crisis

Where do you have reference to declare fiat can't crash? Didn't a few years ago countries in East Asia in especially crashes fiat currency. Anything that has a value, definitely potentially crashes.

jatin729

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Fiat currency can't be crashed, because our country economy only depend upon fiat, bitcoin can't be use for trading purpose like Imports and exports.
and fiat currency has plus point that it would be usable by every one in the country. most of people in the world use fiat currency.

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Quote from: millgates on November 01, 2017, 05:12:29 AM

Quote from: farwellbit on November 01, 2017, 05:01:05 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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.

I dissagree,sorry but I am sure that fiat will be worthless. We would not use paper money anymore, some paper money are already become worthless. The new generations are smarter, they will find a way to solve problem of transaction they face while using paper money. Many countries are try to buy gold immidiatelly after it mined. Probably fiat currency will be crashed and replaced by gold or even bitcoin.

That's unfair, however things go digital paper money gets its use. Bitcoin is all about innovation and the usage of bitcoin requires good knowledge which is not required with paper money. A common man can use it without much complications and if you calculate the total fiat in circulation, it is quite high and this won't be replaced easily or in the future. The usage of paper money might decrease a little.

millgates

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Quote from: farwellbit on November 01, 2017, 05:01:05 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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.

I dissagree,sorry but I am sure that fiat will be worthless. We would not use paper money anymore, some paper money are already become worthless. The new generations are smarter, they will find a way to solve problem of transaction they face while using paper money. Many countries are try to buy gold immidiatelly after it mined. Probably fiat currency will be crashed and replaced by gold or even bitcoin.

farwellbit

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Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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.

DIMKAZDS

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Quote from: Tantlizbat on October 30, 2017, 09:34:39 AM

Quote from: neonshium on October 25, 2017, 05:12:32 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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 .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

Fiat/conventional money is widely accepted and is also approved by the laws, while. Bitcoin is not widely accepted, though some country does accept it, but all the countries I’ve seen accepting Bitcoin are not even worth it. So fiat is not ending in anyway, even if Bitcoin is used as an alternative.

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.

Tantlizbat

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Quote from: neonshium on October 25, 2017, 05:12:32 AM

Quote from: iyan33 on October 24, 2017, 03:18:30 AM

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 .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

Fiat/conventional money is widely accepted and is also approved by the laws, while. Bitcoin is not widely accepted, though some country does accept it, but all the countries I’ve seen accepting Bitcoin are not even worth it. So fiat is not ending in anyway, even if Bitcoin is used as an alternative.

JaredStein

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Fiat currency has been crashing on many occasions over the decades it's just hard to notice year by year. It's been a slow digression, but not a lot of people seem to notice. They're too distracted by screens.

Quietman

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I dont think fiat would crash that easily. As long as the governtment is supporting cash and get benefits to it, there's no way you can bring it down. Maybe this would happen in the future for now, let's enjoy while it last.

Red Fish

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FIAT will not crash, because it is secured by central banks in each country, plus FIAT currencies are strong and have a lot of users. Bitcoin right now have only more than 200 000 users daily, but for example in Great Britain alone is more than 65 millions people, and almost all are using FIAT each day.

geopolisch

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Quote from: fanbeila on October 27, 2017, 12:43:21 PM

Fiat currency may get crashed but not globally.It may occur in some countries as it happened in nigeria,venezuela,etc.Mostly,governments try to restore the value of fiat currency by changing policies and taking other necessary steps.But when it goes beyond the limit,they could do nothing.

In some rare cases,fiat currency gets collapsed due to government's wrong policies itself.

But still,fiat would continue to exist since it is backed by the government itself.

It’s not a matter of mentioning Nigeria and Venezuela, cause Bitcoin wasn’t the reason their Currency is worth whatever it is today. Bitcoin doesn’t bring crash to any country, that’s how their economy is, and the rate of every currency in the world is determined by how much they have and how much comes in and goes out of the country. So you guys should stop blaming everything on Bitcoin making seem too bad.

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