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Topic: it is possible fiat currency will crashed? - page 9. (Read 8740 times)

member
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Lifestyle & Wellness Platform
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 unreasonable to assume that the currency will fall. It is a tight system all over the world and it is not easy to crash whatever happens. Bitcoin may be a good bargain in the future but it can only do the best with the currency. Currency is currency, bitcoin or crypto is different. Every thing has its own advantages.
newbie
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No one can predict when will this happen but it's inevitable. At some point we will have another financial crysis so we should be prepared for that and have some safe assets in gold and Bitcoin.
sr. member
Activity: 1974
Merit: 450
This can happen if political and economic conditions are chaotic, inflation rates are high, and public debt swells resulting in a budget deficit.
Well, I think it's been widely reported about Fiat that lost its price, or even fell very far. it can be said that this is damage that occurs in fiat currencies. many things that can allow that to happen.
member
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This can happen if political and economic conditions are chaotic, inflation rates are high, and public debt swells resulting in a budget deficit.
full member
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Merit: 100
The Exchange for EOS Community
before that happened we responded by making plans to purchase gold and cyrpto, because gold was not affected by the fall of fiat currency. in my opinion cyrpto currency like bitcoin will not be affected by the fall of the fiat currency
member
Activity: 462
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Many experts say that the dollar is a soap bubble, which will soon burst. Then there will be only one world currency. We are waiting for positive changes.
hero member
Activity: 1246
Merit: 529
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I don't think that might happen because Fiat Currency is very much used for international payments, so Fiat is very difficult to collapse.

If they keep printing money and keep devaluing their fiat currency, then yes certain fiat currencies will fall in my opinion.
There is no other outcome, the situation won't be sustainable.

Banks would have already forseen this and certain things would have been done by big bankers to keep their market afloat. And with such high powerful people running fiat, i don't think it'll be easy to put down.
drm
legendary
Activity: 1176
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I don't think that might happen because Fiat Currency is very much used for international payments, so Fiat is very difficult to collapse.

If they keep printing money and keep devaluing their fiat currency, then yes certain fiat currencies will fall in my opinion.
There is no other outcome, the situation won't be sustainable.
full member
Activity: 476
Merit: 100
I don't think that might happen because Fiat Currency is very much used for international payments, so Fiat is very difficult to collapse.
full member
Activity: 378
Merit: 100
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
The is no way that fiat currency is going to get crashed, the only way that this is going to possible is when the economies of the various countries associated with their currency gets crashed, And am sure that when the economy of a country gets crashed or goes into recession, its going to affect the entire world, and cryptocurrencies are not going to be spared either.
yeah i could agree with you even Jack Ma the owner of the Alibaba group of companies with his notion on digital currency could not work at all times because there are certain scenarios that there will be power shortage so meaning we could not access internet the whole time that we will going to need some money. Aside from that there are areas also in some parts of a certain country where internet could not reached out. Definitely fiat could not be replaced by any digital currency.

No I don’t think that would be even possible. Fist have been part of our lives for so so  many years and I think that no matter how far cryptocurrency goes it wouldn’t be abke to fully replace fuat currency at all for the trust and usage of people in it are very high.
full member
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Not totally crash for me it is more of a end of an era thing because we all know that people grow and people innovates thing and thing before are not being used now because for us the people the new ones are much more helpful and convenient. So i think soon enough the fiat will come to an ends and all the people will use digital money and do a cashless payment in the future.
sr. member
Activity: 1428
Merit: 251
Fiat currency has been established for many years already so I bet it won't crash that easily. It remains a currency to every country and crypto as a digital money which is an alternative money for our fiat money. Crypto is applicable only in online transactions and is not widely unlike fiat money wherein whosoever can use it anytime and anywhere as long as they can that cash in their hands.

Fiat currency system very fragile. Central banks always print money to help government boost economic growth. Its true its hard to be crash but with economic crisis always happen, i am believe peoples will distrust fiat money system
full member
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If that happen what will happen? It is good for us to become cashless economy? maybe if will give good feedback but maybe also a bad comes out like those poor people will be poorer because even in the fiat currency there are lack how about in digital? it will give them changes?
member
Activity: 350
Merit: 10
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I do not think the currency will collapse. Bitcoin has many advantages, but paper money is easier to use than Bitcoin. Bitcoin can exist in parallel with currency but it can not be eliminated. People will not take risks for a new system that still has many shortcomings, but there are many advantages to hard to deny.
newbie
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It will be difficult to do this, since this system has been working for a number of years.  But nothing is impossible.
newbie
Activity: 27
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Its impossible that fiat foreign money will crashed out due to the fact it's miles the primary currency of people ever due to the fact that. more people is convenience of the use of the fiat foreign money. however im certain more people use virtual currency today in extraordinary sort of paying payments and different transactions.
newbie
Activity: 128
Merit: 0
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
who the person is, I first heard his name.

I really don't trust the speculation that anyone did.
newbie
Activity: 112
Merit: 0
Fiat currency has been established for many years already so I bet it won't crash that easily. It remains a currency to every country and crypto as a digital money which is an alternative money for our fiat money. Crypto is applicable only in online transactions and is not widely unlike fiat money wherein whosoever can use it anytime and anywhere as long as they can that cash in their hands.
sr. member
Activity: 1974
Merit: 450
I am believe fiat currency will crash and creating economic crisis. Fiat money system creating inflation and waiting for bigger crisis. Paper money always printed because government and central banks want economic growth but its creating high inflation
if you ask about it, of course it can happen. well, it happens when fiat prices have decreased, it will cause an economic crisis, and cause a crashed effect. well, but so far, it has always been professionally completed by a team from the country.
full member
Activity: 714
Merit: 100
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

What particular reason that the fiat currency will going to crash? If the reason is that it will be supersede by Bitcoin then better forget it. Bitcoin is good as alternative investment only so that we could possibly earn more fiat for our actual spending and not all people will be able to use Bitcoin because it will require computer knowledge and internet in which not all nations and people have the capability to have because of poverty unlike fiat in which even children can use it instantly.
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