it is possible fiat currency will crashed? - page 4.

readygoaw

full member

Activity: 476

Merit: 105

Quote from: mace15 on October 26, 2018, 06:05:51 PM

Quote from: HarmonyA on October 26, 2018, 04:50:56 PM

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

Through this years many users respond that fiat will be crashed and be useless even in the future. Inflation happens in the economic system and exactly it rise and fall but I don’t think fiat currency would be crashed.

It is ridiculous to think that fiat can be ever crushed. People have been using money for many thousands of years. The crypto is like a baby, it is very young. Probably, the 22nd century will be different.

kidoseagle0312

hero member

Activity: 1092

Merit: 500

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?

Robert Kyosaki is the author of Rich Dad Poor Dad, where on this books He became so popular in giving motivations in terms of choosing the way of methods in achieving our dreams in life. But not in crypto of course, I cannot say that He is well verse in crypto currencies or Bitcoin, due to as far as I can see his not mature enough about in this kind of business in crypto world. So, how much more into fiat currency, because only the government can know what will happen into Fiat.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: SlickMoTwoToe on October 27, 2018, 06:33:49 PM

I don't think it is possible for now for fiat currency to be crushed,

Are you actually that lazy to read few posts above yours? There is more than enough of evidences and proofs that some flat currencies are dying and suffering with inflation.

Quote from: ScarlleeLizzie on October 27, 2018, 11:14:47 PM

It is very difficult or even impossible to imagine that the fiat currency will collapse in the blister it is widely used in countries and a lot of governments are supporting the fiat currency since from the start. so it's very hard to crash.

It won't collapse but it become worthless.

kumala_abi

sr. member

Activity: 798

Merit: 250

GoMeat - Digitalizing Meat Stores - ICO

Quote from: princeyeboah on October 27, 2018, 10:38:43 PM

Fiat will not crash because it has got the full support of the governments. The governments have absolute control over the fiat and are able to manipulate it to gain more power over the people. Cryptocurrency and Fiat will coexist for a long time until the cashless society emerges.

although government has strong power to controll their currency, but outside factor able to make it crash.especially from super power country that able to do anything they want.

icecube45

legendary

Activity: 1218

Merit: 1000

This is very possible, but we don't know when the fiat currency will crash. Whether it's due to economic competition between countries, war, the fall of a country because some things will not be known. Every country will definitely avoid this, because if it falls on a country, of course the country will be destroyed. Every government will certainly continue to keep the fiat currency from crashing. I don't know how we have to respond, because if this happens, of course hunger will be everywhere.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Work4cryptos on October 27, 2018, 08:36:25 AM

Quote from: Babyrica0226 on October 25, 2018, 09:17:18 AM

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?

When we say Fiat currency, it is controlled by the government of each nation. Meaning, it is impossible that this things will crash unless the government decide to full it out or replace it by the digital currency, I could say it will crash. But most government in reality they hates digital currency in terms of its decentralization system it has.

I think that yes fiat currencies are control by government, therefore there are very few chances that fiat will failed, in fact when war is imposed on a country their fiat currency value start decreasing but still it is also depending on the economy of a country.

You don't need to think for it since the government has the complete control to the fiat currencies in their certain country. There are a lot of times that it will be having a low value but in the end, it will be having a good value.

Just look how Japan did with their Fiat. I am really surprised how they manage to do that. The USD are having a hard to increase while Japan is getting stronger and stronger while time passes. It is surprising since Japan accepted Bitcoin, and there are people saying that their currency, Yen will be affected by it but it did not. Yen is stronger than ever.

ScarlleeLizzie

newbie

Activity: 8

Merit: 0

It is very difficult or even impossible to imagine that the fiat currency will collapse in the blister it is widely used in countries and a lot of governments are supporting the fiat currency since from the start. so it's very hard to crash.

princeyeboah

member

Activity: 714

Merit: 14

Fiat will not crash because it has got the full support of the governments. The governments have absolute control over the fiat and are able to manipulate it to gain more power over the people. Cryptocurrency and Fiat will coexist for a long time until the cashless society emerges.

setialovers

member

Activity: 812

Merit: 11

Quote from: HarmonyA on October 26, 2018, 04:50:56 PM

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

I am agree that fiat currency always crash on the value. Fiat purchasing power always decrease because inflation and economic crisis always happen. The thing thats saving fiat money from crash is people always use it not matter the value always decreased.

SlickMoTwoToe

full member

Activity: 438

Merit: 100

Quote from: HarmonyA on October 26, 2018, 04:50:56 PM

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

I don't think it is possible for now for fiat currency to be crushed, Most of the countries in the world is using it as their means of payment, Only few persons and countries are using crypto currency , I think it will take more time for the crypto currency to be considered by some people or the governments of every country itself.

Febriana98

member

Activity: 224

Merit: 10

Fiat currency is supported by a very good system so I think it's impossible to crash and the velocity of money in the world is very high, so the possibility of a crash is very small.

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: AlehandroTheGreat on October 23, 2018, 08:47:43 PM

While you can buy food with fiat and while you can buy nothing with crypto, fiat always will be the winner

When crypto will be over full bank control, crypto willbe new fiat, easy plan Cheesy

I am not sure that we will see this time. Maybe in many dozens of years such a situation can happen but not now, in the ear we live. Fiat will be the leader - people are used to buy and sell everything for traditional money.

boyz97

full member

Activity: 658

Merit: 106

Quote from: sulendra12 on October 27, 2018, 10:03:00 AM

You need to know what is the context of crash? Look at Zimbabwe and Venezuela they are suffering with inflation which makes their currency become worthless (that you probably have known: You need more than 1 billion dollar Zimbabwe to buy bread). I think that's crash mean, if you say it's impossible you are not enough reading.

crashing have same mean with high inflation to fiat currency.and case on zimbabwe as an example for us.currency has no more value to buy all daily need or goods.and it possible happen to all currency.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

You need to know what is the context of crash? Look at Zimbabwe and Venezuela they are suffering with inflation which makes their currency become worthless (that you probably have known: You need more than 1 billion dollar Zimbabwe to buy bread). I think that's crash mean, if you say it's impossible you are not enough reading.

cryptosmoker

sr. member

Activity: 581

Merit: 250

Quote from: jatin729 on October 26, 2018, 08:13:54 AM

As of now it is not possible because economy of the country is really depend upon of fiat currency. every one has to use fiat for buying and selling goods. It will challenged by crypto if crypto is legal tender in the country than people can use crypto for trading ourpose and people don't need any bank to save their money.
Even bank would move to its shut phase. But do you think that govt will allow crypto as a legal tender ?
according to me govt will not allow crypto as legal tender.
Reasons
1. Decentralised in nature
2. People will not pay taxes.
3. Market can clash down because demand of fiat can reduce

Yeah, I don't think that fiat currency will crash. Although crypto is legal in some countries, they still use fiat currency in their daily life. Crypto and fiat can walk together without replacing each other.

Work4cryptos

newbie

Activity: 34

Merit: 0

Quote from: Babyrica0226 on October 25, 2018, 09:17:18 AM

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?

When we say Fiat currency, it is controlled by the government of each nation. Meaning, it is impossible that this things will crash unless the government decide to full it out or replace it by the digital currency, I could say it will crash. But most government in reality they hates digital currency in terms of its decentralization system it has.

I think that yes fiat currencies are control by government, therefore there are very few chances that fiat will failed, in fact when war is imposed on a country their fiat currency value start decreasing but still it is also depending on the economy of a country.

SlickMoTwoToe

full member

Activity: 438

Merit: 100

Quote from: HarmonyA on October 26, 2018, 04:50:56 PM

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

I think it will be more years before that happen, Fiat and Crypto currency are almost the same in nature of ups and downs, There are also a crashed in crypto currency, There is no perfect system,We just need to be wised to consider the one that has lowest risk.

mace15

hero member

Activity: 1428

Merit: 506

Quote from: HarmonyA on October 26, 2018, 04:50:56 PM

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

Through this years many users respond that fiat will be crashed and be useless even in the future. Inflation happens in the economic system and exactly it rise and fall but I don’t think fiat currency would be crashed.

HarmonyA

full member

Activity: 602

Merit: 100

Some of this people that have spoken against fiat currency are huge investors in cryptocurrency. The crash of Fiat's has always happened to various country currency. Just as experienced in crypto. This is mainly due to market players interest. All Fiats cannot crash at the same time, there willnbe a rise and fall to ensure profitability of key investors.

senin

full member

Activity: 938

Merit: 137

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?

In general, fiat will never crash. Monetary relations were formed over several millennia and they are quite stable. The collapse may suffer the local currency of a particular state, and not the monetary system as a whole. Cashless forms of payment will continue to develop. It will also develop and increase in the volume and liquidity of the cryptocurrency. However, they will never be able to oust and replace with themselves the national money of states. These all forms of money will exist in parallel with each other.

Topic: it is possible fiat currency will crashed? - page 4. (Read 8740 times)