it is possible fiat currency will crashed?

[DrGuns4Hands]

That's impossible because fiat system is so different done crypto currency. bitcoin is a decentralized currency where the price is not stable and it's depending the price on the demand . unlike fiat system it's been here for a long time and government won't let go the fiat system in order to have more balance economy.

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[Opquar]

It's possible. It has happened before. Google Zimbabwe Dollars. They had to abandon the currency because of severe inflation. Things like this is exceedingly rare though, to the point that majority of posters in this thread don't think it's possible.

[setupbounds]

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.

Bitcoin is super currency but it will always be dependent on fiat currency, you can just erase all the fiat from world and you are thinking that a time comes when there is no paper currency, everything is making itself in bitcoins? No, that will not happening. There will be a parallel system that works in pair of bitcoin and fiat that only works better.

[rayneh]

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.

Bitcoin is super currency but it will always be dependent on fiat currency, you can just erase all the fiat from world and you are thinking that a time comes when there is no paper currency, everything is making itself in bitcoins? No, that will not happening. There will be a parallel system that works in pair of bitcoin and fiat that only works better.

Bitcoin is actually next generation currency because in future people will use bitcoin instead local money because now a days bitcoin is getting famous many people are attracting toward bitcoin because bitcoin having abiliy to change someone life. So it's better to introduce new people about bitcoin and let bitcoin to become a world local currency in future.

[KalaiBTC]

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.

Flat will crash only in one situation that if world will totally switch into bitcoins and this will take time to do so flat has importance still it is being used all over the world as mode of payment and income bitcoin popularity is increasing which is real threat to the flat but if flat will be gone then bitcoin will take over it and that will be more beneficial for the user.

[Yadstiker]

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.

Bitcoin is super currency but it will always be dependent on fiat currency, you can just erase all the fiat from world and you are thinking that a time comes when there is no paper currency, everything is making itself in bitcoins? No, that will not happening. There will be a parallel system that works in pair of bitcoin and fiat that only works better.

Bitcoin is actually next generation currency because in future people will use bitcoin instead local money because now a days bitcoin is getting famous many people are attracting toward bitcoin because bitcoin having abiliy to change someone life. So it's better to introduce new people about bitcoin and let bitcoin to become a world local currency in future.

As far as I am concerned folks, the fate of bitcoin has not yet been settled, that is why i cannot agree with your opinion fully, maybe it will be, if we look at it, but as of now it is still complicated, and to think that some other countries started to ban it, maybe its permanent or temporary but we cannot guarantee it, and since it could be consider that maybe those countries are opposing the idea of bitcoin.

[AmXProX]

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

It might be because of the inflation rate. Fiat currency has a limited supply, So whenever they print more and more coins and bills for fiat its value is somehow decreasing without the people noticing it.

[zarados]

if probably fiat currency would crash, its will soon also happening to cryptocurrency . the price of crypto currency was measured in currency. So if there's no value on fiat currency the crypto currency will also follow to become worthless. Maybe the fiat currency just the phisycal symbol of currency, but it's have a big affect to economy. I don't know the detail, but its true. It wasn't impossible to made the world become paperless with all become digital, but I thought we will not live that long to see that happen.

[SamsungBitcoin]

if probably fiat currency would crash, its will soon also happening to cryptocurrency . the price of crypto currency was measured in currency. So if there's no value on fiat currency the crypto currency will also follow to become worthless. Maybe the fiat currency just the phisycal symbol of currency, but it's have a big affect to economy. I don't know the detail, but its true. It wasn't impossible to made the world become paperless with all become digital, but I thought we will not live that long to see that happen.

Fiat has nothing to be worthless, this is a currency that people used for daily living, even bitcoin would be more popular fiat still there and has a value. In crypto currency all coins was based on the value of bitcoin and i think bitcoin will exist and has a great value for long period of time there are many people continuous supporting because this is the best source of income online.

[digitalgame4life]

Fiat is never ever gonna crash, do you know what will happen if that happens? the whole world will be in chaos and there will be need of food, drinks, water, and everything that is available, even if it does get crashed (chance of probably 0,0001%) there will always be a plan b, governments have already figured out what to do in these chaotic situations, well if it does happen in another life time I hope cryptocurrencies will take everything over.

[ROB18]

I don't think Fiat currency will crashed. For sure we will have only many option as currency on doing our purchases. But for sure our recent currency will continue to exist.

[Casdinyard]

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

It might be because of the inflation rate. Fiat currency has a limited supply, So whenever they print more and more coins and bills for fiat its value is somehow decreasing without the people noticing it.

I agree and it's actually happened in some countries like in Zimbabwe. Their money almost lose it's value because of inflation. And many people there are totally confuse, with an instant their money can't buy their necessities. And bitcoin had help them somehow as an alternative in their currency.
Good thing bitcoin had invented like this is a blessing from above to solve and be alternative in our currency.

[faceoff97]

It would be impossible to happen, there is nothing that can alter the feature and worth of a fiat currency even the the crypto currency. For the longest time, fiat was used by people and there is no way people can let it go. You might think that Bitcoin will alter the fiat, but the sad truth is that BTC has still many things to develop in both feature and worth. Currently, the people who are just into it are those who have internet access and in addition Bitcoin value is not yet stable. we cannot rush to make crypto as official currency and disregard the fiat. let us see what the future will bring.

[BitSat]

I don't think Fiat currency will crashed. For sure we will have only many option as currency on doing our purchases. But for sure our recent currency will continue to exist.

Yea this is not going to happen even in next one century because this is going to continue to exist for long time and Governments have many options to save them even this digital currency is going to be very advance

[amaral1977]

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 is crashed everyday in different countries. If you are talking about dollars, euros, yuan and other strong currencies they are not going to be crashed that soon. But look at venezuela, look at angola kuanzas when oil took a dump or look at how many times brasil changed its currency because of crazy and uncontroled inflation?

[Kronos21]

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 is crashed everyday in different countries. If you are talking about dollars, euros, yuan and other strong currencies they are not going to be crashed that soon. But look at venezuela, look at angola kuanzas when oil took a dump or look at how many times brasil changed its currency because of crazy and uncontroled inflation?

Why are you so sure that the oil has spoiled? Do you think that countries that produce oil are to blame for the fact that their currency was turned into paper. They were rejoicing that they have a lot of oil and those who do not will always be to sponsor them in the country. They did not modernize their economy and did not even think how they will live their heirs when the oil runs out. It was good when oil was expensive and we gave the last money to buy fuel. Now a lot of money invested in alternative energy and oil demand will fall always. Greed killed the traders in oil so I do not pity them.

[amaral1977]

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 is crashed everyday in different countries. If you are talking about dollars, euros, yuan and other strong currencies they are not going to be crashed that soon. But look at venezuela, look at angola kuanzas when oil took a dump or look at how many times brasil changed its currency because of crazy and uncontroled inflation?

Why are you so sure that the oil has spoiled? Do you think that countries that produce oil are to blame for the fact that their currency was turned into paper. They were rejoicing that they have a lot of oil and those who do not will always be to sponsor them in the country. They did not modernize their economy and did not even think how they will live their heirs when the oil runs out. It was good when oil was expensive and we gave the last money to buy fuel. Now a lot of money invested in alternative energy and oil demand will fall always. Greed killed the traders in oil so I do not pity them.

I´m not blaming anything. The whole economic boost was based on the oil price increased and it just took a dump when oil crashed. that´s all. Of course they are the ones to blame. I don´t pity them either.

[avikz]

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

I am sure that the fiat currency will never going to crash just because of bitcoin. That may be possible for any external factors like trade deficit and gold deposit, but certainly not for bitcoin or crypto currency. Fiat is a century old system and it is almost impossible for some parallel currency to bring fiat down in any way. We earn in bitcoin and at the end, transfer it to fiat currency because the acceptance of fiat currency is higher worldwide. Bitcoin is not structured to bring down the mainstream currencies, rather, it has built to create a parallel economy worldwide. People are earning in bitcoin and then cashing it out in fiat. So they are inseparable.

[Mpamaegbu]

I agree and it's actually happened in some countries like in Zimbabwe. Their money almost lose it's value because of inflation. And many people there are totally confuse, with an instant their money can't buy their necessities. And bitcoin had help them somehow as an alternative in their currency.
Good thing bitcoin had invented like this is a blessing from above to solve and be alternative in our currency.

Well noted that what happened in Zimbabwe as well as some other countries like Venezuela and Nigeria is inflation. It isn't really a total crash of those economies. It is the same thing that happens in the crypto system referred to as plunge. It doesn't mean it isn't going to stabilize. The idea of paper money being totally eradicated isn't going to be possible anytime soon except we have aliens come dwell on earth and run the economy of all the countries because of their advancement in technology. Otherwise we will still have people here who don't even know jack about e-economy/commerce. Cryptocurrencies are only accessed through the internet and remember we still have people who can't even access a simple thing as an ATM. How are these people going to survive without paper money?

[tigertigertiger]

Everything is possible, the question is how likely it is.