it is possible fiat currency will crashed?

[Sled]

No fiat money wont crash. Even though bitcoin will rise its popularity and the possibilities that it will be use as an acceptable alternative to fiat money yet fiat money wont crash. Why? Let us base from the history. Long time ago fiat money was already introduced. And until now still it is being used. To make it simple fiat money is an instrument use as excahnge with goods, goods and services in simple way of trading or marketing. Yet bitcoin could be an alternative exchange to fiat money. Bitcoin is considered as part of innovations of the modern world. However this fiat money is an instrument ready made for exchange while bitcoin could be also an instrument for exchange but u need to educate all the people in the system of bitcoin and also in the use of internet for online transactions.

I see the future as the peaceful coexistence of fiat money and cryptocurrency. Only combining these two things, we can build the better economy. IMHO.

Just only combining, we don't need fiat to crash because fiat is we use every where and crypto currency is only use of those people who only know about crypto.

There is a chance for the fiat currencies to crash because the cryptocurrencies are really taking over the markets slowly but surely and that is the sure thing that we can be comfortable of because with or without the fiat currencies, we can survive because there is already an invention that is so futuristic and advanced and we all know that is the cryptocurrencies that we can use everywhere if the people will just put trust on it.

[Thanasis]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

As i did understand its not really going to crush the fiat currency. We knew that in order to have bitcoin or its alternate we used fiat currency to buy it.  And to use it outside in the real world you are going to use fiat currency. When will it happen? When the government will prompt us to use bitcoins and make it a rule to accept bitcoin as a legal tender. Its them who will do it. No private organization can do it.

Yeah,you are right maybe crypto currency is not going to crush the fiat currency for now but in future maybe the crypto currencies can replace most of the fiat currencies so the system may crash.But governments are totally agains that to happen because it will decrease the revenue of the governments so it is highly not possible to crush the fiat by crypto currencies.

[d1ceplayer]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

As long as there are countries that are still in a 3rd world level, and there are people who die or hunger and poverty, we cannot expect fiat currency to crash. Not all people have access to the world wide web, so we cannot phase out cash and fiat currencies.

Though people are from developed states, but still they don’t have any idea about digital currencies. It is not totally about belonging to developed or underdeveloped countries. Indeed, it is true that developed states has more chances of going cashless and there are maximum chances that soon they will totally shift to plastic money and virtual currencies. They have net facility at cheap rates and in some smart cities, internet is totally free. Underdeveloped still need century to reach this level.

[slapper]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

In my opinion, it's impossible for fiat currencies to be crashed. They are protected by the governments, they guarantee for the value and price of their fiat currencies. Fiat currencies are now play a important role in their economy so that they will do everything they can do not to make that situation happen. Maybe in the far future, digital money will replace traditional fiat currencies but I don't think Bitcoin will be that kind of money.

[jaysabi]

It seems that we need to agree what "fiat currency crash" means: of course it's very unlikely that fiat currency could be soon replaced by bitcoin or another cryptocurrency, because there are still too many technical and structural problem to solve.
But as someone already stated, fiat currency crash happened along all history, in some case very recently.
This is the reason why it's called fiat money: fiat=trust=faith.
When trust stops, the currency crashes.

The same is true for crypto. The only reason any crypto has any value is because people trust that someone else will also value it. Why doesn't really matter, if it's for trade or store of value; it only matters that a large group of people consider it to be worth something. Once a large group of people do not, it will not have value any longer, just like fiat. There is essentially no difference here.

[HereNow]

Wouldn't it crash if the government starts printing more for their own spending? I mean isn't that what causes such high inflation rates in some African countries. There's a selfish dictator, prints money for their own purposes, so the value of the currency goes down until it's almost worthless.

[ezbreezy08]

Maybe soon! as long as the government implement digital currency as the new source of currency. But I guess Fiat currency will back up crypto in the near future aside from Gold that the government use too.

[aeternus]

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.

But the difference is that bitcoin and crypto will not be associated with those currencies, yes bitcoin is linked to the dollar but if the dollar begins to fall people will look for ways to retain their purchasing power most will choose gold and hard assets but with cryptocurrencies around it is logical to think a new generation like us will choose crypto as well.

[paxmao]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I am not precisely a fan of Kyosaki, who has made his living of telling US residents that they should try not to f*king spend all their money as soon as they get the weekly check.

Fiats don´t really crash except in some poorly governed countries, but they do drop in value progressively as the interests rates are lower than inflation. A slow death IMO.

[Mr. Legendaris]

I think this will not happen, fiat is the official currency of the country so the country will protect the fiat in full, the state will do everything to maintain the fiat.

[Sled]

I think this will not happen, fiat is the official currency of the country so the country will protect the fiat in full, the state will do everything to maintain the fiat.

I agree with you. The fiat will not crashed because they know that fiat is their money ever since and they will not allow bitcoin or other cryptocurrencies to just defeat fiat and fiat is fine in my opinion so what is the reason for us to expect that it will crash because fiat is stable and i don't have any problem in fiat because i got more passive income than the percentage of inflation rate in my country.

[LuffyD.Monkey]

I agree that the legal tender will not collapse as there are many countries that mainly use the legal tender rather than the crypto currency on the Internet so there is nothing to fear because it will develop in the future and perhaps it will work with crypto currencies to create a safer Better system.

It might be possible but right now, nothing like that will happen. Currently, 99% of the population is using paper money and till the time all of them do not switch towards crypto currency, it will be very much difficult for anyone to crash fiat. Paper money is the basic need of this society and most of the people need it every time they need to buy some thing or they have to pay their bills.

[kokobaba880]

The fiat currency is good for those who have using this currency the fiat will not crashed it is possible to say that the fiat use will be less as compared to know because the people like to use bitcoin for a few reasons that this currency have no taxes and those who have this currency they can make profit over it. and the transaction amount is high but bearable and the profit chances is high. starting business for crypto is a very innovative chance for those who have some money to take a start in the 2018.

[micleeiu398]

I don't thi k this thing is possible. Fiat or regular currency has stable market value and is supported by governments which is the opposite of cryptocurrencies including Bitcoin. There are changes on the market value of fiat but that is not as huge as in Bitcoin. Also, many people are more into fiat than cryptos which are still young compared to cash. The market price of fiat are way stable to crash.

Fiat is there for centuries and most of the people not consider something money until or unless they cannot feel it in your hands. This is the reason people with old ideas are afraid of investing into bitcoin and other virtual currencies because they are afraid about its existence. Like all other innovative ideas, this concept ii also bound to face some rejection. Well, in 50 years, virtual currencies will be common in developed states.

[rinamor]

I consider it will never have crashed because Bitcoin and Fiat currency is dissimilar to each other. It will have crashed merely if wholly the nation combined forces to ban fiat and only used cryptocurrencies. But it's awkward. It’s not similar to Bitcoin who can we enterprise the value of it down. I mean is that the price of Fiat Currency is founded on somewhat, and the something is the economy of a state, and it is tough to make it crash

[goku1525]

I consider it will never have crashed because Bitcoin and Fiat currency is dissimilar to each other. It will have crashed merely if wholly the nation combined forces to ban fiat and only used cryptocurrencies. But it's awkward. It’s not similar to Bitcoin who can we enterprise the value of it down. I mean is that the price of Fiat Currency is founded on somewhat, and the something is the economy of a state, and it is tough to make it crash

Definitely fiat money and bitcoin is dissimilar. I think it will happen that bitcoin will crashed because all we want is a faster transaction and those things in easiest way. People nowadays are really interested of bitcoin because of the capable to earn money and also a security in our account.

[Viyamore]

I consider it will never have crashed because Bitcoin and Fiat currency is dissimilar to each other. It will have crashed merely if wholly the nation combined forces to ban fiat and only used cryptocurrencies. But it's awkward. It’s not similar to Bitcoin who can we enterprise the value of it down. I mean is that the price of Fiat Currency is founded on somewhat, and the something is the economy of a state, and it is tough to make it crash

Definitely fiat money and bitcoin is dissimilar. I think it will happen that bitcoin will crashed because all we want is a faster transaction and those things in easiest way. People nowadays are really interested of bitcoin because of the capable to earn money and also a security in our account.

Both currency may crash anytime like bitcoins fiat actually crash before a hundred times if you saw the dollar when it first introduced it drops from the top. Bitcoin is digital currency while dollar is a physical but both used by people therefore its not totally different thing if we talk about money more on its value that can be controlled or manipulated by any people who holds the largest amount of stocks.

[Kokoy]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Why people especially those who are already got engaged into the world of cryptocurrency always thinking if the fiat currency crashed? Can't we just make it stable that both type of currencies which are in terms of virtual and real do exist and be used at the same time since both type are not directly being affected because people are the ones who are directly being affected to the choice they have made. For me, even if cryptocurrency was a big hit right now, still fiat will not come to an end because many people are still relying into fiat currency even if they are already into cryptocurrencies.

[CuteBaby123]

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I believe that Fiat Currency will stay forever. It will not crash, nor disappear because it exists over thousand years. Even if there are new technologies like credit cards, debit cards, online transactions and many more, still fiat currency is existing and will always exist. There is no chance about the claim of Robert Kyosaki. Fiat currency will always go with technology.

[Mr.John19]

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.

It can’t happen to a crash fiat currency because there is a lot of states that adopt fiat currencies mainly more than the cryptocurrency. It will not occur except the entire world receives cryptocurrency and become more constant. But then there are minor dealings such as transactions in small stores. So I conclude that Fiat still is used nowadays until the many decades.