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Author Topic: it is possible fiat currency will crashed?  (Read 8744 times)
Sedamai
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March 05, 2018, 09:33:00 AM
 #501

It isn't possible.We can't envision a nation being absolutely cashless. Presumably cryptographic forms of money like bitcoin will be utilized for budgetary exchanges in future however they can't thoroughly supplant fiat currency.Small scale exchanges, for example, exchanges in little stores where there is no web association are just conceivable with the assistance of fiat cash .So I don't figure fiat cash will be smashed.
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March 06, 2018, 07:35:37 AM
 #502

The likelihood is there, we have a consistent thing happening which is change. We as a whole realized that fiat money these days have some issue as it was not absolutely move down by Gold save. We don't know precisely what is the state of our money save. On the off chance that that is the situation, at that point the impact will come later on. So let simply keep a watch out. I'm certain cryptographic money will be an extra alternative for individuals.
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March 06, 2018, 09:05:57 AM
 #503

if this does not happen soon, the Crypto currency is not very popular.

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March 06, 2018, 09:59:20 AM
 #504

yeah...fiats are crashing all the time. $1 USD doesn't buy what it used to.

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March 06, 2018, 10:12:43 AM
 #505

If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.
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March 06, 2018, 03:15:50 PM
 #506

If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.

Well we have to accept that anything is possible even though it seems unlikely at the moment. I agree that fiat has a very strong and steady foundation but there have been many challenges that could'vr brought it down before and there will be more to come.

 
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March 06, 2018, 05:04:04 PM
 #507

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

This is hardly going to happen because FIAT is supported by the government which is hardly supporting the cryptocurrencies. I am personally also fond of the FIAT money because it isn't so volatile. FIAT will prevail over the time.

The question should be - will the cryptocurrency prevail over the time. These both can exist as separate and in the future, the merge can happen also but the disappearance of the FIAT IS NOT POSSIBLE.
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March 06, 2018, 05:29:08 PM
 #508

With the strengthening of marketcap bitcoin and all cryptocurrency then I am sure that someday everyone will not use fiat, especially if many countries that legalize the development will be faster.

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March 06, 2018, 07:14:41 PM
 #509

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

This is hardly going to happen because FIAT is supported by the government which is hardly supporting the cryptocurrencies. I am personally also fond of the FIAT money because it isn't so volatile. FIAT will prevail over the time.

The question should be - will the cryptocurrency prevail over the time. These both can exist as separate and in the future, the merge can happen also but the disappearance of the FIAT IS NOT POSSIBLE.
You are right about the volatility of Fiat, but you are wrong about who will prevail. And the correct answer is neither fiat or cryptocurrencies will remain once enough time has passed and that is okay. Money always evolves and won't stop evolving, what we are witnessing here is changing of the guard. Cryptocurrencies and fiat will co-exist for a while but eventually fiat will take the back burner. Then some new invention say 50-500 years from now comes along and usurps the usage of cryptocurrencies and forward the cycle goes. Cryptocurrencies go to the back burner, and this new alien thing we know nothing of becomes the new standard. Nothing is constant, the world is ever-changing. Your choice is to adapt with it, or fall behind the times as most people tend to do.

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March 06, 2018, 07:32:56 PM
 #510

If we talk about the possibility yes it can be but it will be in the long long years to come. The foundation of fiat in the world of daily basis is tightly stronger than others. That's why it will happen in the long period of time because it was founded strong and the people are masters how to use fiat in a daily basis. In other hands fiat can make an easy downfall if the entire people of the earth wants it happen. It will if the people will unite for one gaol.

Well we have to accept that anything is possible even though it seems unlikely at the moment. I agree that fiat has a very strong and steady foundation but there have been many challenges that could'vr brought it down before and there will be more to come.
The fact is that because of the latest news, where it is said about the strict prohibition of working with crypto currency in some countries, there will be a certain amount of ico on the market, and this will also affect their quality.
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March 07, 2018, 06:06:02 AM
 #511

There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.
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March 07, 2018, 06:08:56 AM
 #512

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
It can crash but only if everyone of us withdraw his money. But it cant happen because if some people withdraw their money, the price drops and there are always investors waiting for it and they buy on dropped prices. So again it gets stable and so on.
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March 08, 2018, 04:07:39 PM
 #513

There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.



I gotta say, you really have some great skills in expressing yourself and clearly you read a lot. What you just said really makes sense and is really a possible way to make fiat crash and become devalued. Frightening, yes, but is something that we just cannot escape from and ignore since it really is such an important matter. Even the roman empire has fallen. There is just no guarantee that this will not happen to any country of today. Which is why cryptos are really such a big help as a storage of value just in case this happens.
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March 09, 2018, 04:50:52 PM
 #514

In fiat currency, large debts are accumulated and they can not simply take and disappear. Many people have savings in pension funds. With the disappearance there will be strong social tension. There will be disappointment and, as a consequence, a decrease in motivation will work well.
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March 10, 2018, 03:52:20 PM
 #515

There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.



I gotta say, you really have some great skills in expressing yourself and clearly you read a lot. What you just said really makes sense and is really a possible way to make fiat crash and become devalued. Frightening, yes, but is something that we just cannot escape from and ignore since it really is such an important matter. Even the roman empire has fallen. There is just no guarantee that this will not happen to any country of today. Which is why cryptos are really such a big help as a storage of value just in case this happens.
Everything can happens, the world always has surprises and we are the watcher of this movie. As long as we can imagine some situation, even worst situation, it always has percent to becomes true. Great inventions always come from crazy ideas, remember that.

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March 10, 2018, 08:21:40 PM
 #516

Yes there's always that possibility since it already happened and history can tell, it might not be totally crashed but temporarily, and now, referring to how our technology progresses and bitcoin becoming more and more popular, there's a huge chance, it may not be today but maybe some time in the future.
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March 10, 2018, 11:52:39 PM
 #517

I think that in the near future (5 may 10 years) we will see how first in the experiment, some country (Japan, for example) will try to refuse paper money. most likely the population of a more serious age will be skeptical about this, but the end of the era of paper money is not far off.
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March 10, 2018, 11:59:19 PM
 #518

There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.



I gotta say, you really have some great skills in expressing yourself and clearly you read a lot. What you just said really makes sense and is really a possible way to make fiat crash and become devalued. Frightening, yes, but is something that we just cannot escape from and ignore since it really is such an important matter. Even the roman empire has fallen. There is just no guarantee that this will not happen to any country of today. Which is why cryptos are really such a big help as a storage of value just in case this happens.
To me i personally think that fiat currency can cash, because we have already experience that when a country is under war influence, they their currencies become devalue and falls to too much low price. The decreasing price of a fiat currency is also effect the economy of a country.
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March 13, 2018, 12:38:43 PM
 #519

It depends: on local base it's very possible, and it happend a lot of time, usually when there is a war, an economic crisis and so on.
But there is a global strenght that keep the system working.
If there were a global crisis, with the crash of EVERY currency... well it would be a big problem, and probably the end of the civilization in the way we know it.
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March 13, 2018, 12:57:37 PM
 #520

Its possible that crpyto currency replace fiat because day by day crypto currency become popular, if all of people know what currency is, fiat will end for sure, we are now facing the high technology future is almost near.

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