it is possible fiat currency will crashed?

[Dodoymabs]

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.

For me i think not because we really need real money.And if that happen it would be a big problem in our economy.Digital currency is becoming popular nowadays but i dont think that fiat would be crashed due to this digital currency.There where many speculations but thats not going to happen.

[TheUltraElite]

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

If you listen to everything you see and hear on the internet then you should stop doing that since many stuff are just pure FUD propaganda.

Fiat money will never be away from the face of the earth. People will continue to use it and even if bitcoin is being used it is not a huge portion of the economy. The rising trend of bitcoin makes it seem suspicious to many people and they will continue to think such and fiat will prevail at least for the next two decades.

[MoneyIsDebt]

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.

For me i think not because we really need real money.And if that happen it would be a big problem in our economy.Digital currency is becoming popular nowadays but i dont think that fiat would be crashed due to this digital currency.There where many speculations but thats not going to happen.

I don't think it will ever possible or will be in the future. we know fiat is the biggest need of the world right now and we don't imagine any of the country or the life without fiat or digital currency. even if crypto will ever flourish and known by all over the world even then you don't compare it to fiat because most of the thing we could even imagine without fiat.

[Gozie51]

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

Those are just postulation and instincts from human beings who have read wide (maybe) and trying to have a view, position or say in modern day happenings. Bitcoin is the new phenomenal going on now, is like a big wave sweeping across the globe and so, people are making statements as to the future of bitcoin.

Consequently, for the position if Robert Kyosaki as you said, it is just an hypothesis which when tasted with current happenings with fiat and the ungoing "disadvantages" of bitcoin ,would not stand the taste of time.

Hence, as aforementioned, looking at one of the biggest disadvantage of bitcoin - being that one must source the internet to be able to get along with it whether you are assisted by someone or by yourself, plus the paraphernalia that is included (computer, data, current/electricity to power either your phones ).

You then would see that it will be difficult to push away fiat that has got an inter physical exchange model or, would it mean that old people or young people that can't access the internet would be left with being helped for it all the time? Which is another difficult task for the society.

They can therefore, exist side by side. Bitcoin is of value, just imagine the current price.  

[speedy963]

I was also wondering about these since then, and i am really curious if this could be possible. I wonder what would happen to a world without fiats, and one thing that was bothering me is that, there is something in my mind that says it is really impossible and total elemination of fiats are really impossible i think.

[Ewox]

These are just speculations and rumors that it is possible to happen, they don't have grounds yet unto what could be the possible reason for fiat currency to crash but it is far from happening if I will be the judge. Fiat currencies has been here for so many years and people are used to it already.

[Beparanf]

These are just speculations and rumors that it is possible to happen, they don't have grounds yet unto what could be the possible reason for fiat currency to crash but it is far from happening if I will be the judge. Fiat currencies has been here for so many years and people are used to it already.

Fiats were still in need,even cryptos gain popularity we can't deny that we can't use them physically anytime unlike fiat that are many uses. But still we need both.

[Raegorl]

Its very unlikely that the dollar or euro will crash, but fiats crash all the time. Just look at Venezuela and Zimbabwe for example, their coin is worthless right now because of the huge inflation rates.

[meliodas]

The bitcoin community is gradually increasing. However, what is mind boggling for me is the fact that do bitcoins also increase. I'm not referring to the value, but to the amount of bitcoins circulating around the market. Would we run out of bitcoins someday?

[pawanjain]

Fiat currency cannot be crashed because they are legal tenders that the government have authorized and made it to be used by the people.
If the people won't have physical money then they won't be able to make payments easily, at least not the illiterate ones. This will create a negative impact throughout the nation and hence will affect the economical growth throughout the world. Hence it is not possible for the fiat currency to be crashed.

[Nameless27]

In a theory that said “when you hate a government hurt them financially”, it is were silent rebellion towards untrust to financial system in our society start. It really can be a reality and it will surely crashed the fiat currency but what is the result of it, for sure a economic downfall will happen to that country and chaos will spread.

Is this worth it?, or it is too much to asked for. I hope it would be a mixed kind of society, where bitcoin and fiat work together without this issue at all.

[anhhung409]

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

I do not think Fiat easily collapsed so. There are a lot of bad rumors about digital money, and you should not believe those rumors, because their words are not necessarily right. Because you should consider whether the rumors are true or not. I never thought that Fiat would collapse because it was a tool for people to value the assets of the world, and people used it to convert digital money into fiat, which is very necessary in life so it will never collapse

[Kersh768]

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 so. Fiat or regular currency win't be obsoleted by digital currency and infact, they should both co-exist in my opinion. It won't crash just because cryptocurrency is getting more popular and getting more expensive than fiat. It will still play a big rolw on the daily basis of people espexially to people in countries where cryptocurrency is not yet legal.

[Pamadar]

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

I do not think Fiat easily collapsed so. There are a lot of bad rumors about digital money, and you should not believe those rumors, because their words are not necessarily right. Because you should consider whether the rumors are true or not. I never thought that Fiat would collapse because it was a tool for people to value the assets of the world, and people used it to convert digital money into fiat, which is very necessary in life so it will never collapse

hard to believe that fiat will crashed even the countries economy is down their fiat will still alive, its the currency that represent their nations so I'm not sure
if how fiat will collapse and what would be the replacement for that, if we are thinking that crypto will do then it will break the concept of being decentralized
as government needs to control it.

[Akash1243]

Fiat is used all around the world by everyone so crashing of fiat would be just next to impossible as fiat also shows their nations economy and etc.Fiats are very to use and are also official currency so as long as the nations is there their fiat will be also there.Bitcoins are mostly seen as an investment they just can't replace fiat at least not in this century.

[Kidmat]

Fiat is used all around the world by everyone so crashing of fiat would be just next to impossible as fiat shows their nations economy and etc.Fiats are very to use and are also official currency so as long as the nations is there their fiat will be also there.Bitcoins are mostly seen as an investment they just can't replace fiat at least not in this century.

Until these years fiat is always been exising and going stronger. It is the main use wolrldwide and it is impossible it will get crashed. Yes bitcoin is the best investment and being used by many but fiat currency will still as is.

[bering]

in my opinion as long as the government still support fiat then there is no way to fiat will crashed although the development of digital currency was very fast but fiat till everytime will not to be crashed unless the government want to change their currency to digital currency but that almost impossible

[supandi wiharja]

Speaking of the fact that in this world nothing is impossible.
If so, the world government will find a new currency and not rule out bitcoin as its successor. But i do not think that's possible, because fiat is stronger than crypto currency.
fiat is controlled by the government in a country, has a fixed value and quality and the position of its value is assured.
 

[atc1-REAL]

Fiat is under Government control. They will not allow it to crash, and if it does due to market conditions, it will only lead to inflation. As of now, that is detrimental even to btc,because your investment in btc is protected due to its price in fiat. You cant go to your local grocery shop and tell them that you will pay in btc if fiat crashes, because then everyone will seek out fiat only. Plus, since the value of btc right now is dependent on the fact that fiat is backing it, it will not be a good thing for cryptos if such an event happens.

[jekjekman]

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 Robert Kyosaki talks about there would be an another great recession in the world and not a Fiat currency crash, the strength of each Fiat currency in each country depends on their economy so maybe in able to crash once Fiat currency there must be a world war III to happen because it destroy the infrastructure of the nation and its livelihood.

If that time comes(Hope not) then that's were the true essence of Bitcoin will be tested if it is really a strong digital currency, if it can survive a great recession that will happen in the real world, I am excited about it but at the same time scared.