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Author Topic: it is possible fiat currency will crashed?  (Read 8744 times)
bowals
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July 12, 2018, 06:34:49 PM
 #661

In simple and short terms, that'll mean the end of the world. Fiat cannot crash! It can get better. If fiat crashes, every other thing would crash too
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July 12, 2018, 07:07:51 PM
 #662

I don't know if it will happen sooner or later. But there was a news before that the day will come that our society will be cashless. all transactions are done electronically. I don't know if this will apply to our everyday living. but I think it's still too far from happening.

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July 12, 2018, 07:29:30 PM
 #663

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 own opinion, cryptocurrency will dominate in the future because there are a lot of investors of bitcoins but fiat will not crash because not every people can manage to earn cryptocurrency.

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July 12, 2018, 09:53:04 PM
 #664

In my opinion we have to deal logically with few things in that possible of crashing fiat currency which not possible at all. Unless until all people accepting the cryptocurrency we are not able to finish fiat. Each and every Government will not let this happen as the value of their country is differs and one currency that also cryptocurrency most of people in poor country are not aware and use to it so it is not possible to think of crashing fiat currency.
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July 12, 2018, 10:36:51 PM
 #665

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
definetly in my country that there are times,that the fiat currency would turn to down,due to lack of fund in the banks and many investor withdraw there investment especially those foreign investor turn left and going back to there homeland and this things happen during in the civil war,because mostly  the economic of that scenario would turn all to loosing.

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maraclariss14
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July 12, 2018, 11:48:58 PM
 #666

Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.

Agree, it will not happen in a sense that it is the most used and convenient currency in the world, also it will not be replaced that easily because of its influence.
Masongrae
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July 13, 2018, 01:14:25 AM
 #667

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 think of credit cards, debit cards and so on that are being used today without fiat currency, this are developments of our technology that prepares us not to use fiat currencies. Plus the rise of cryptocurrencies, I believe this prepares the world not to use fiat currencies. As people are becoming more aware of cryptocurrency and the use of it due to our fast developing technologies, i believe later on we are not using fiat currencies. When this will happen? It’s beginning to happen. If we say the world using it already, not yet since many countries are skeptic about it, but something we must watch happening eventually in our world full of technology.  How are we going to respond? We’ll if you are using it (credit cards, debit cards and cryptocurreny) you are in it already. You just went ahead of the others, later on everybody will be into it.

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July 13, 2018, 01:43:43 AM
 #668

Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.

Agree, it will not happen in a sense that it is the most used and convenient currency in the world, also it will not be replaced that easily because of its influence.

Fiat has a stable price that we can save and we can pay for the things we want without any thinking if the price will falling down or increase ,unlike in crypto currency that we cannot sure for the real price because of volatility. So for me fiat can not crashed because we can used that for everyday even to the place don't have internet.
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July 13, 2018, 01:45:41 AM
 #669

It is not possible for fiat money to crushed because this fiat money is very useful to places which can not be reached by internet signal in which this is the primary need to circulate cryptocurrency on that place, so if there will be no signal or connection ,then fiat money will always be the medium to be use for payments and purchase transactions.

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July 13, 2018, 02:01:32 AM
 #670

Its impossible that fiat currency will crashed out because it is the main currency of people ever since. More people is convenience of using the fiat currency. But im sure more people use digital currency today in different type of paying bills and other transactions.
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July 13, 2018, 02:05:07 AM
 #671

Fiat is not just money. I highly doubt it's gonna crash. At least not in the near future. Nothing is impossible. There is still a large number of

people who deal with fiat currency. Cryptocurrency isn't fully integrated into our society yet.

Fiat will be around until we exhaust all our resources but at that point we have other things to worry about.

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July 13, 2018, 03:45:37 AM
 #672

No one can tell what will happen in the future of the cryptocurrency, now regarding fiat? maybe yes maybe no, as the saying goes, we will cross the bridge when we get there. it could be that as crypto currency will continue to rise and accept by countries all over the world fiat will be abolished
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July 20, 2018, 03:35:19 AM
 #673

Fiat won't crash anytime soon if it will at all. Too many countries and communities rely on it as the only currency. It is easier and more convenient to use fiat currencies over cryptocurrencies in a lot of countries. Cryptocurrencies may indeed replace fiat currencies but it won't be anytime soon. The world isn't ready yet. We are getting to it but we are not there yet.
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July 20, 2018, 04:17:43 AM
 #674

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

Well, I think FIAT CURRENCY will never crash. All of people are using it and there is no possibility to it to happen. Even though there is a digital currency still it can not be the reason to replace the physical money. All over the world is using Fiat and I think most of people is comfortable in using it in their daily transaction.

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JeramiParan
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July 20, 2018, 04:21:33 AM
 #675

That's impossible to happen we know the fact that their are countries do not like bitcoin, obvoiusly those countries using fiats money. And also think that their are some parts of a countries do not have internet access unlike what we have now. But I believe in the future fiat and crypto will be use together on the market for better economy.

And always remember fiats money represent your country.
Rhaizan
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July 21, 2018, 01:09:07 PM
 #676

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

Well, I think FIAT CURRENCY will never crash. All of people are using it and there is no possibility to it to happen. Even though there is a digital currency still it can not be the reason to replace the physical money. All over the world is using Fiat and I think most of people is comfortable in using it in their daily transaction.

All people use fiat in different countries ,Aside from that all of us use fiat where ever we are, we don't need internet just to buy a thing do I think fiat will never crashed because all of us use it.
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July 21, 2018, 02:37:59 PM
 #677

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

I think you misunderstood him. He said that he was working on a book in which he talks about the advantage of cryptocurrency over Fiat currency. In the book, he had to tell his vision of how the Fiat currency could collapse. Because he said that the blockchain is very unique.
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July 21, 2018, 02:43:40 PM
 #678

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 cannot crash easily, but fiat currency may get extinct in the coming future. Every country is trying to publicize cards and online transaction, in short one can easily see that government itself wants to eradicate fiat currency and introduce their own virtual currency. fiat currency will be replaced in the coming years by some sort of virtual currency but that virtual currency being Bitcoin is still hard to say.
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July 21, 2018, 02:55:09 PM
 #679

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 cannot crash easily, but fiat currency may get extinct in the coming future. Every country is trying to publicize cards and online transaction, in short one can easily see that government itself wants to eradicate fiat currency and introduce their own virtual currency. fiat currency will be replaced in the coming years by some sort of virtual currency but that virtual currency being Bitcoin is still hard to say.

I am not sure if this gonna happen in the near future, but this have possibility to happen in the future if countries or governments will be more aggressive in joining the digital world.

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July 21, 2018, 03:23:14 PM
 #680

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

I think not, fiat is used for daily transaction purposes and more commonly used in various circles, I prefer the fiat currency will survive.
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