it is possible fiat currency will crashed?

[chip1994]

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

When the paper money will always have printed everyday and that gives high inflation to the country or market and that will make the price of the fiat crashed. I mean it will be worthless. Why are you confusing if there still a choice for you to use bitcoin or gold to be your primary currency.

In my opinion cryptocurrency world still can distribute more supply coin as Bitcoin in recently with high value, so I think Gold is best choice for choose primary currency. Because the value of Gold is real and it very rare, not easy mining gold and limit supply for market.

[malikusama]

No way, what Robert Kyosaki said is not realistic that fiat will crash. May be some currencies face a downfall due to the downfall in the economy of that country but it doesn't mean that fiat will crash.

[exstasie]

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.

This is exactly the mistake a lot of bitcoiners make. I've had friends wish WWIII and general economic turmoil on the world, because they seem to think this will be a good thing for bitcoin. Or a stock market crash.

Even outside of the scope of an economic crash or depression, Bitcoin faces lots of risks. It's a new asset class, and in many ways still unproven as a technology. Loss of network effect to other cryptocurrencies or heretofore unknown value storage and transfer technologies is one future possibility. Another is SHA256 being broken, or the threat of quantum computing generally in the future.

And in the context of a depression, people will be focused on feeding their families, not transferring value electronically. I can't imagine how Bitcoin could thrive under such conditions.

[Sled]

I don't think that it is possible for the fiat currency to crashed because a lot of governments and also the stable government officials are supporting the fiat currency since from the start so i think it is like an impossible idea to think that the fiat will crashed. It will take a lot of time and we need a very big war in order to have a huge economic impact that can crash the fiat currency.

[ethereumhunter]

i don't know if fiat currency can crashed or not but i think as long as the government still controlled fiat, then there are no crashed but maybe inflation can be happen. beside that, government don't want fiat to get down too far and i am sure the government will do whatever it takes to make sure fiat stable.

[xhienigat]

I think its possible but I dont think it is easy to put down fiat currency because the fiat currency is already established. I dont think the government will allow that too. But as of the moment, I really dont think it is bound to happen.

[KenR]

i don't know if fiat currency can crashed or not but i think as long as the government still controlled fiat, then there are no crashed but maybe inflation can be happen. beside that, government don't want fiat to get down too far and i am sure the government will do whatever it takes to make sure fiat stable.

Yes,they can just declare massive ban on bitcoins isn't it ? Fiat currency won't be crashed due to usage of cryptos as the trading volumes also means people are liquidating their cryptos to fiat which preserves fiat's it's value.

I think its possible but I dont think it is easy to put down fiat currency because the fiat currency is already established. I dont think the government will allow that too. But as of the moment, I really dont think it is bound to happen.

Correct.Global economies would crash otherwise which means end of the world.

[bitbunnny]

Fiat money with survive, world's economy still can't function without it. But I.know how uggly is when fiat vranješ because I live in country that faced very hard economic devastation in the past so I know how it is when money becomes worthless. Today Bitcoin could be one of the solutions for such cases but I doubt that cryptocurrencies will ever be in position to become fuly equal to fiat.

[CryptoBry]

Maybe Robert Kiyosaki was talking about the possible collapse of the US dollar or something akin to an economic slowdown where the value of the dollar can go down. Yes, this scenario is possible. It almost happened in 2008 where many big financial companies collapsed on the weight of their debts. Had it not been for the bailout those companies might have already been dead by now.

The main culprit will always be debt under an economy which is not growing that fast enough. When a country can not anymore pay its obligations, the market would be reacting negatively and it would be a house of cards from there on. I am hoping this will not happen to USA as this is the country whose economy can affect all economies of the free world.

[elaking]

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

LOL there is no way for that. as a 3rd world country member.we dont have full internet facility then how we all use crypto even without a PC.long road to go... and someone still dont believe crypto .thank you 

[Vishnu.Reang]

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

LOL there is no way for that. as a 3rd world country member.we dont have full internet facility then how we all use crypto even without a PC.long road to go... and someone still dont believe crypto .thank you 

I am also living in a 3rd world nation, but with the expansion of the smartphones, a lot of people are having access to internet. Smartphones are available for as little as $50, and this makes a lot of people potential future users of Bitcoin.

[posternat]

This is totally impossible to happen dude..
Government support the fiat, each country has its own fiat, that uses and being cylced in everyday so why it will be crashed? Fiat is strong enough o it will never crashed or replace.

[SiNeReiNZzz]

As of now, maybe fiat cannot be crashed easily, but maybe someday it will be totally diminished and be replaced by something else. We don't know what might happen, but still i strongly believe that this is not yet replaceable even when the time comes.

[azguard]

As of now, maybe fiat cannot be crashed easily, but maybe someday it will be totally diminished and be replaced by something else. We don't know what might happen, but still i strongly believe that this is not yet replaceable even when the time comes.

What make you think that. Look what happen with GBP when they exit EU. Price of single pound went to historically lowest value since late 1880s this was a shock for them. Still they didnt recover and question is will they. Every fiat can collapse as well as any coin here on exchange. This is cycle that is always in motion only need to know when will it happen.

[PacePay]

As of now, maybe fiat cannot be crashed easily, but maybe someday it will be totally diminished and be replaced by something else. We don't know what might happen, but still i strongly believe that this is not yet replaceable even when the time comes.

Fiat has been in use for centuries and it is hard to replace them with digital currencies. Though bitcoins have potential to lead the currencies of the world but it cannot eradicate paper money from the face of earth. However, it can simultaneously be used with traditional currencies.

[ObscurePen]

Don’t believe everything that you hear or see here in this forum, or anywhere. Make sure you have done your own research and have evidence that whatever an individual is saying is correct. Especially when it comes to a conspiracy about the collapse of fiat. Anyways, I don’t think that such a phenomenon is going to occur in our lifetimes. Fossil fuels and other major resources will still last until the end of our time. In other words, I am not very concerned. If you want to prepare for a potential collapse in government economies, then there is one simple thing that you can do: Buy gold. Gold has retained its value for centuries even millennia and its price is always on the rise. It is a highly coveted asset and in times of economic instability, it is good to have some gold blocks in your safe.

[joseafonso123az]

Every country is supporting somehow fiat currency still, and they have regulated in a form that it is difficult to all of the fiat currency crash at once. And of course, for fiat currency to crash there have to be something else emerging, and in this moment the only think emerging is btc, and it is still long way from being stable.

[pearlmen]

Fiat can crash the moment you need more of it to buy what you would have needed less to buy for the same thing and unit sometime in the past. Most times the handlers of the country finance always termed such recession or depression, hyper inflation as the case maybe but it does not change the fact that the currency in question has crashed. What they do next is now start looking for ways to augment it by offering some forms of subsidies on essential commodities if there is no possibility of increasing the income of workers.

[gabmen]

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 its just going to crash. We may have fair warning if anything like that would happen. Fiat has survived a lot of challenges before and it would talk something major to initiate a fiat crash. World war 3 perhaps?

[ladydark]

If any country's fiat currency is going to crash,then USD would be the first to get crashed.If it gets crashed,then it would create a great negative impact on the world economy since USD has been the global reserve currency.If it happens,then people would have no other better choice than switching to bitcoins which is free from deflation as its supply is limited.Even though,gold has been saved for centuries,it would only be the second choice due to the growing popularity of bitcoins.