it is possible fiat currency will crashed?

[Lyne01]

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

Fiat currency will always exist. I think it wont crash because it is still needed in the future. Some countries may opt to be cashless but some countries will still prefer fiat currency. It will not be eradicated totally and will still continue to go around the peoples hand.

[Kisanaq]

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

Fiat currency will always exist. I think it wont crash because it is still needed in the future. Some countries may opt to be cashless but some countries will still prefer fiat currency. It will not be eradicated totally and will still continue to go around the peoples hand.

Yes, I'm sure that until whenever fiat will always be there, many transactions that can not be done with digital money or cryptocurrency, all can run together because of complementarity, so we better never think that the presence of bitcoin aims to replace fiat.

[amwer]

Fiat money will lose its significance to gold and the cryptocurrencies in the next twenty years, said Robert Kiyosaki, bestselling author of "Rich Dad Poor Dad" and his latest ,"Why The Rich Are Getting Richer."
The self-proclaimed gold bug is one of few investors to be bullish on both bitcoin and gold, noting that the cryptocurrency will slowly erode fiat currencies' relevance, while gold will act as an important hedge instrument

[BitcoinPaw]

I think it's can't happen in near future because economy in the world is stable . But we should care about our goods and buying gold for example of other different stuff.

[last7minutes]

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

Inflation and deflation sure affect fiat negatively, but it does not mean that paper money will vanish. Cryptocurrency will not ruin fiat as well at least for a hundred of years.

[Brunusmagnus]

I think that most people lack of any basic comprehension of economy, and this lack makes impossible a decent discussion.
Fiat money is just PAPER and, as the name clearly says, its value is based on trust.
If - for any reason - this trust ceases, fiat money becomes again just paper.

[Mariela]

No.as of now it is imposible that the fiat currency will crashed.
Because, majority of people all over the world were using fiat.

[Semosuchi Tesongrato]

Sorry for your optimistic view, but currencies have crashed in all course of history, even in recent time (ask to argentinian or venezuelan), and you can bet it will happen again and again.

No.as of now it is imposible that the fiat currency will crashed.
Because, majority of people all over the world were using fiat.

[Similificator]

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

Well, you might as well believe that the world is flat if you believe this kind of bullcrap. But hey, there is always a possibility in everything to happen in anyway. But if this is about the whole world and every single fiat in every country crashing at the same time or even in the same month or year, I'm afraid it is just nearly impossible to happen. Anyone saying otherwise is either stupid or lying. Sure it may happen in some currency on selected countries and I think over the history it has happened already on some country, But for the whole world at the same time? I just can't agree to it unless it happens in front of my eyes.

[Yurkov]

It is possible. For example, hyperinflation can lead to this. This is particularly the case in countries with poor economics by constantly printing money that is losing value all the time.

[paxmao]

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

You have not much historic background do you? Just google the Republic of Weimar, just before Hitler´s ascent to power. You will find out that the German "mark" was not even worth its own weight in bread.

[yoseph]

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

Though they are not all the same, I really think that FIAT can crash and the only way that this scenario is possible is when the economy of the specific country crashes as well.

[BitcoinTurk]

This is unlikely to happen if you ask about my opinion, as banknotes have an important place in our lives and almost everywhere feels their need and comes out in anticipation. Of course, digital money will reduce the use of banknotes, but I do not think it will completely get rid of them. Even if we have to speak for the present day, we must remember that we earn these banknotes and realize our digital money purchases.

[melamiras]

This is unlikely to happen if you ask about my opinion, as banknotes have an important place in our lives and almost everywhere feels their need and comes out in anticipation. Of course, digital money will reduce the use of banknotes, but I do not think it will completely get rid of them. Even if we have to speak for the present day, we must remember that we earn these banknotes and realize our digital money purchases.

Fiats do crash, individually in many cases like when there is a war or an abnormal situation or a corrupt goverment. It is unlikely that all fiat would crash at the same time.

[illete]

World changed,People mentality changed,Technology changed,In every filed innovations and major developments taken place but still fiat money exists there should be change people want to freedom of transactions and payments no more hurdles and risk of theft or lost.

Cryptocurrency in future will overcome people more like crypto currency as compare to fiat money.

[vicvicto17]

Fiat currency is back up of gold and Gold is back up by dollars the industrial revolution will come to end and soon cryptocurrency will increasingly multiply the price. Don't left behind buy more while it's hot alot things gonna happen soon.

[noictib]

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

I don't think it is going to happen ever in present time situation about to have developed economical system .
But still here we will not say any crash in Fiat value any time because crash is that word which usually uses for the sudden down in the Value of the particular thing but here we can see that value doens't go much down and more speedly because fist are those things which remains in demand always because people needed in actual so chances to get down is very low.
Here in am from India . In year 2012 $1 = 49INR but now today with small small down price is $1 = 76 INR , so clearly we can understand this thing very well that to get dump by 40-59% it taken 6 year which is not a crash .

[intoy_victor]

Anything in this world has an end. We are in the new generation people, animals and also our technology.

But I don't think Fiat Currency will crashed easily. The cycle of fiat currency in our world is very important to improve our economic. If the economy of a country crashed I think it is the time fiat will be crashed too.

[Apple Mac]

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

For me I think it is a no since many people still do not recognize the worth of cryptocurrency and still remain to be dependent on the presence of existing fiat currency that will never make it into the crash and admit it or not, even the cryptocurrency holders are still into converting their holdings into fiat for their own sake because even if cryptocurrency was that popular, still people needs fiat and still rely on it

[Semar Mesem]

The demands of the times and changes will always happen, as in the field of transportation that no longer rely on horse or cow, the global transaction system is more complicated and the quantity continues to increase so it takes a solution to overcome it, and I'm sure the presence of cryptocurrency will make fiat currency will crashed.