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 .
That is very possible for the fiat currency to crash but since fiat currencies are tied to the economies of the said countries before that happens, the economy of the country needs to be crash first and that's what happened with Germany after the first world war, their economy crashed making their currency useless.
Topic: it is possible fiat currency will crashed? - page 39. (Read 8740 times)
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.
True, but generaly speaking we live in a eara where everything is digital, everything is cconnected and everythging we do we do it online, so little by little we are pushed toward a point where no one is gona need to use real physical money and then that is where the fiat will collapse, but like you said it won't be golabal, but still many countries will give up on their local currency and will switch to using the global ones. 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.
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.
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.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Its still just the talking about the crashing of fiat . But its not gonna happen . Fiat has its own importance , where cryptocurrency cannot have any access fiat works there. Maybe after 20 to 30 years it might happen but still full discard of fiat will not happen . There will be time when cryptocurrency will take place of fiat as it is now with digital currency.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
What he said is a chance, but it is a very small chance,like, very very very small. Bitcoin will be strong, i believe this word, but to destroy fiat currency is on a different story. All country in the world use fiat currency, no matter what, people will always choose fiat currency even though bitcoin will be strong later, because it is the basic thing now, people cant deny that fact. People will always choose fiat currency, or gold, because it has a physical form where bitcoin lacks of it, people loves it when they know they hold unto something that has a form like money, gold, house, building, etc.
Tehre are so many reasons to tell and to think, but the resume of all the reasons is, fiat currency wont be crashed by bitcoin.
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 it could happen if bitcoin is more profitable and more trustworthy for all and all transactions and investments that exist then fiat will be lost and bitcoin will rule and exclude fiat, bitcoin will be a major investment and secure transaction.
i think yes the trend is changing the modern people are like to have online wallets and they buy things through online market everywhere in the world they are living. some time we feel easy when we have no fiat money and we want to go somewhere because there is threat involved which is said theft. when you have online wallet you will feel easy.
You are right that the trend is changing and all the world is modernizing with a high speed but I don’t foresee because the fiat currency has its own importance and nobody van deny its importance so I thing that the fiat currency will not die or vanished.
I think paper money printing has rendered most fiat currency worthless, though that won't become obvious for a while. I think this is the reason that China and Russia are buying up so much gold - they will launch gold backed currency like we used to have. Then USD will lose its reserve currency status, and start its inevitable decline.
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. 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.I thought we can't live to see that happen in the world. by the way, I am less amenable to your opinion about about fiat are easily accessible to all the world. while every country has a different fiat currency. Even if you want to visit a country, you must exchange your currency to the currency of the destination country, because since it was dropped at the airport, your currency will not work. Except at the airport setting up the exchange of all kinds of money. And I think it makes it not easy to access.
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. 
I dont think the fiat currency will crashed. Fiat is established for so long and it is supported by the guidelines and law in each country. It is impossible that things will happen soon.
Yes the future of the fiat money will be more than this because the value and the importance of the bitcoin will be more high, a lot of the countries are using the bitcoin as the high and the huge investment, buy bitcoin save for the future and get more profit it is being more and more famous for the income, I use the bitcoin and I am having more income. I use to have the bitcoin as the side source so the bitcoin is being famous. 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 .
That is very possible for the fiat currency to crash but since fiat currencies are tied to the economies of the said countries before that happens, the economy of the country needs to be crash first and that's what happened with Germany after the first world war, their economy crashed making their currency useless. 
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 .
i think yes the trend is changing the modern people are like to have online wallets and they buy things through online market everywhere in the world they are living. some time we feel easy when we have no fiat money and we want to go somewhere because there is threat involved which is said theft. when you have online wallet you will feel easy.
Fiat system is the basic for all kind of economic system. Here fiat getting crashed and bitcoin taking its place won't happen. Already several countries has faced the crash in the value of respective paper money due to worst economic management. This kind of crash happens often and becomes stable in a short or else the government go with some other plan.
Hello This can never happen ,there is no chance for that to happen.
Old people, small kids, poors, uneducated there are some sectors where introduction of cryptocurrency is not at all valid.
For usage of cryptocurrency you need certain amount of knowledge and money obviously! Not everyone can afford.
Paper money will always be needed one way or the other yes its usage might be reduced but there won't be a time when it will be completely eradicated.
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 crashed someday but not now, all cryptocurrencies is still young experimented and not stabilize to replace fiat.If the fiat loose its back up then that i where bitcoin replace fiat.
I dont think the fiat currency will crashed. Fiat is established for so long and it is supported by the guidelines and law in each country. It is impossible that things will happen soon.
Paper money is the basic necessity of almost of all of us. People are using paper money since centuries and they are having a firm belief in paper money.As far as I think, there is no way that we can see a cashless society. Paper money will remain in this society at its very own place. Crypto currencies will have hardly any effect on the market of paper money. Both will be used for their own sake.
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
If everything goes in the direction of development as it is now, it will happen, but at the same time we should not have fears (i mean now). Jump to: