it is possible fiat currency will crashed?

[joebrook]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

That is very possible for the fiat currency to crash but since fiat currencies are tied to the economies of the said countries before that happens, the economy of the country needs to be crash first and that's what happened with Germany after the first world war, their economy crashed making their currency useless.

[Webetcoins]

I dont think the fiat currency will crashed. Fiat is established for so long and it is supported by the guidelines and law in each country. It is impossible that things will happen soon.

Yes the future of the fiat money will be more than this because the value and the importance of the bitcoin will be more high, a lot of the countries are using the bitcoin as the high and the huge investment, buy bitcoin save for the future and get more profit it is being more and more famous for the income, I use the bitcoin and I am having more income. I use to have the bitcoin as the side source so the bitcoin is being famous.

[neonshium]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

[zarados]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

I thought we can't live to see that happen in the world. by the way, I am less amenable to your opinion about about fiat are easily accessible to all the world. while every country has a different fiat currency. Even if you want to visit a country, you must exchange your currency to the currency of the destination country, because since it was dropped at the airport, your currency will not work. Except at the airport setting up the exchange of all kinds of money. And I think it makes it not easy to access.

[aencarnaci]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

In my opinion, there is no way that we can see fiat currency to be totally crashed. It is because of the reason that people are using paper money since centuries and there is no way that they will stop using paper money. Moreover, there are only limited number of users of bitcoin at present. I don’t really think that this thing will ever happen. Paper money will remain at its very own place.

[BelieveInBitcoin]

I think paper money printing has rendered most fiat currency worthless, though that won't become obvious for a while. I think this is the reason that China and Russia are buying up so much gold - they will launch gold backed currency like we used to have. Then USD will lose its reserve currency status, and start its inevitable decline.

[farwellbit]

i think yes the trend is changing the modern people are like to have online wallets and they buy things through online market everywhere in the world they are living. some time we feel easy when we have no fiat money and we want to go somewhere because there is threat involved which is said theft. when you have online wallet you will feel easy.

You are right that the trend is changing and all the world is modernizing with a high speed but I don’t foresee because the fiat currency has its own importance and nobody van deny its importance so I thing that the fiat currency will not die or vanished.

[sumanto]

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 it could happen if bitcoin is more profitable and more trustworthy for all and all transactions and investments that exist then fiat will be lost and bitcoin will rule and exclude fiat, bitcoin will be a major investment and secure transaction.

[athanz88]

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

What he said is a chance, but it is a very small chance,like, very very very small. Bitcoin will be strong, i believe this word, but to destroy fiat currency is on a different story. All country in the world use fiat currency, no matter what, people will always choose fiat currency even though bitcoin will be strong later, because it is the basic thing now, people cant deny that fact. People will always choose fiat currency, or gold, because it has a physical form where bitcoin lacks of it, people loves it when they know they hold unto something that has a form like money, gold, house, building, etc.
Tehre are so many reasons to tell and to think, but the resume of all the reasons is, fiat currency wont be crashed by bitcoin.

[bitcoinvamp]

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

Its still just the talking about the crashing of fiat . But its not gonna happen . Fiat has its own importance , where cryptocurrency cannot have any access fiat works there. Maybe after 20 to 30 years it might happen but still full discard of fiat will not happen . There will be time when cryptocurrency will take place of fiat as it is now with digital currency.

[fanbeila]

Fiat currency may get crashed but not globally.It may occur in some countries as it happened in nigeria,venezuela,etc.Mostly,governments try to restore the value of fiat currency by changing policies and taking other necessary steps.But when it goes beyond the limit,they could do nothing.

In some rare cases,fiat currency gets collapsed due to government's wrong policies itself.

But still,fiat would continue to exist since it is backed by the government itself.

[Shenzou]

Fiat currency may get crashed but not globally.It may occur in some countries as it happened in nigeria,venezuela,etc.Mostly,governments try to restore the value of fiat currency by changing policies and taking other necessary steps.But when it goes beyond the limit,they could do nothing.

In some rare cases,fiat currency gets collapsed due to government's wrong policies itself.

But still,fiat would continue to exist since it is backed by the government itself.

True, but generaly speaking we live in a eara where everything is digital, everything is cconnected and everythging we do we do it online, so little by little we are pushed toward a point where no one is gona need to use real physical money and then that is where the fiat will collapse, but like you said it won't be golabal, but still many countries will give up on their local currency and will switch to using the global ones.

[rausvi15]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

That is very possible for the fiat currency to crash but since fiat currencies are tied to the economies of the said countries before that happens, the economy of the country needs to be crash first and that's what happened with Germany after the first world war, their economy crashed making their currency useless.

Well fiat can't be crushed easily now a days because our economy is much likely use fiat currency as a fuel, We are here to discuss about crushing of fiat due to bitcoin, example of world war 2 is not appropriate, but yeah you can say that one currency can crushed the second one only if the government want to do that, otherwise it is impossible.

[geopolisch]

Fiat currency may get crashed but not globally.It may occur in some countries as it happened in nigeria,venezuela,etc.Mostly,governments try to restore the value of fiat currency by changing policies and taking other necessary steps.But when it goes beyond the limit,they could do nothing.

In some rare cases,fiat currency gets collapsed due to government's wrong policies itself.

But still,fiat would continue to exist since it is backed by the government itself.

It’s not a matter of mentioning  Nigeria and Venezuela, cause Bitcoin wasn’t the reason their Currency is worth whatever it is today. Bitcoin doesn’t bring crash to any country, that’s how their economy is, and the rate of every currency in the world is determined by how much they have and how much comes in and goes out of the country. So you guys should stop blaming everything on Bitcoin making seem too bad.

[Red Fish]

FIAT will not crash, because it is secured by central banks in each country, plus FIAT currencies are strong and have a lot of users. Bitcoin right now have only more than 200 000 users daily, but for example in Great Britain alone is more than 65 millions people, and almost all are using FIAT each day.

[Quietman]

I dont think fiat would crash that easily. As long as the governtment is supporting cash and get  benefits to it, there's no way you can bring it down. Maybe this would happen in the future for now, let's enjoy while it last.

[JaredStein]

Fiat currency has been crashing on many occasions over the decades it's just hard to notice year by year. It's been a slow digression, but not a lot of people seem to notice. They're too distracted by screens.

[Tantlizbat]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

Fiat/conventional money is widely accepted and is also approved by the laws, while. Bitcoin is not widely accepted, though some country does accept it, but all the countries I’ve seen accepting Bitcoin are not even worth it. So fiat is not ending in anyway, even if Bitcoin is used as an alternative.

[DIMKAZDS]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this.

Fiat/conventional money is widely accepted and is also approved by the laws, while. Bitcoin is not widely accepted, though some country does accept it, but all the countries I’ve seen accepting Bitcoin are not even worth it. So fiat is not ending in anyway, even if Bitcoin is used as an alternative.

No fiat currency cannot get crashed at the expense of any cryptocurrency.It can happen in the future than government can apply digital currency in place of fiat currency.But everyone cannot use the cryotocurrencies in today's date.Many people are still illiterate and do not even have accessibility to internet.Digital currency adaptation can happen in the developed countries but not in the developing and underdeveloped countries as basic mode of living is fiat currency or paper money there.Fiat money is accepted all over the world without any hesitation unlike the cryptocurrencies which are not even legalised.

[farwellbit]

think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .

Yes I do agree with you that the fiat currency will be functional if the crypto currency get the hold of the whole market and  all the local purchases will be made by these fiat currencies in the market, so both have their importance in their places.