it is possible fiat currency will crashed?

[monomix]

once in zimbabwe ex rate for US dollar was Z2,6 bln for 1USD. bread cost Z600 mln. would you consider that a crash? i definetely do. that produced extreme poverty and chaos. 

[0t3p0t]

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 will only crash if people stop using it so it will decrease the demand while supply is still high. Maybe Robert Kiyosaki is reffering to the future of digital money but yeah it has big possibility that it would happen into some local fiat currency not in the entire world's fiat money in general. I think that had happened before here in my country wherein our local currency collapsed due to the financial crisis way back I think that was 2009. I believe that local fiat currency could possibly crash anytime in any unexpected and unwanted reason. We need to accept the reality that there is no permanent in this world. It is just like our life where people come and go.

[haroldtee]

Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies

True, I agree with you until whenever fiat will exist even though in time fiat looks lower than crypto money. Fiat will continue to work for those who can not follow a new era with digital money. It is not possible if a government will eliminate 100% fiat and I believe that fiat will remain side by side with cryptocurrency.

Maybe you guys are lucky to not have been in a country that is pretty messed up to have experienced such, but at least I am sure if you have been listening to the news, one way or the other you must have heard about Zimbabwe or Venezuela.
These are countries that have experienced some crashed fiats over time that some like Zimbabwe now have totally dumped their currency and rely on USD and we both know what that means. With the strict policies of not being able to make international transfers, as there is low supply of USD in the country, this has made bitcoin and some other cryptocurrencies the savior, which is why Bitcoin is higher in value presently than in the normal market.
So, can fiats crash? Oh Yes!

[megynacuna]

once in zimbabwe ex rate for US dollar was Z2,6 bln for 1USD. bread cost Z600 mln. would you consider that a crash? i definetely do. that produced extreme poverty and chaos. 

But this is just one country we are considering but  for the whole world's fiat to crash will be something and i don't think it will ever happen even if cryptocurrencies dominate our societies greatly because the fiats are what the governments control and they wouldn't supervise its down fall.

[ASHLIUSZ]

once in zimbabwe ex rate for US dollar was Z2,6 bln for 1USD. bread cost Z600 mln. would you consider that a crash? i definetely do. that produced extreme poverty and chaos. 

But this is just one country we are considering but  for the whole world's fiat to crash will be something and i don't think it will ever happen even if cryptocurrencies dominate our societies greatly because the fiats are what the governments control and they wouldn't supervise its down fall.

Bitcoin is getting importance in different countries in different manner. So, every country won't show the same response and approval for bitcoin in various segments. When the usage of people increases and if fiat is not in a state to fulfill the same, automatically people will start using bitcoin in a large scale. But the same will not crash fiat.

[worle1bm]

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

There seems no possible point about this because when we are talking about Fiat its about whole economy and financial system of a country and it cannot be dead at one go only as all the work depends upon Fiat including development and physical payments and manufacturing which are not possible in absence of fiat.Although digital transactions are taking place of legal currency but still they cannot overtake them completely because there are some people who still don't know about the technical working and loose faith in digital payments.So don't believe such news without any proof or research of your own.

[millgates]

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

It is positive, fiat is not fair for us. We work to get value, usualy in form of fiat but if the government print money in excess. The value of money we have will be decrease because of inflation. It is not fair!. I agree that fiat will be crashed, there are some fiat which already become worthless now.

[Xenoph0bia]

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

No. I don’t think that fiat currency can and will crash in the upcoming future because firstly, fiat currency is very popular and because of which it is immensely being used by the people of all age groups which leads to increasing the stability of fiat currency. Then secondly fiat currency is a stable form of currency so it’s value does not fluctuate and then it is regulated by a government or bank leading to increasing in its stability. A fiat currency can only crash if the economy of the country in which it is being used crashes.

[ricardobs]

Not crash but replace, there is a small chance that it will ever be replaced with another form of payment but never in my opinion will be destroyed in itself.

Yes, the paper money can't be replaced totally by the digital currency in any time because there are many processes, in which only paper money can be used and digital money is useless there. Bitcoin can replace paper money in future but upto a specific extent and it importance will continue with the importance of digital money.

Even if people started using bitcoin in daily life, then with it paper money will also play an active role. Both are having their own importance, we can't compare one thing with another by means of its importance.

Agreed! There is no point of denying this fact that with the introduction of digital money, the usage of paper money has started decreasing. In my opinion, there is no way that we can actually see a cashless society. It is because of the reason that paper money has its very own importance and it will be used by the people in the coming days as well. Bitcoin cannot crash the paper money entirely.

[LogitechMouse]

Fiat currency has been used by many people for a very long time so its not that easy for fiat currency to be crashed. Fiat money will still be there along with cryptocurrency, and will not be crashed. Many people, especially ones who don't know what is crypto or don't have internet connection rely on fiat money as their way of payment to buy things so if this fiat currency will be crashed what will be the currency they will be using? How can they earn bitcoin for example if they don't have access to internet connection. Cashless society will never happen.

[Blackwhite69]

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

It is positive, fiat is not fair for us. We work to get value, usualy in form of fiat but if the government print money in excess. The value of money we have will be decrease because of inflation. It is not fair!. I agree that fiat will be crashed, there are some fiat which already become worthless now.

If fiat falls, are you sure there will be no impact that will happen after that. 

[PokerFace3]

Fiat money is currency that a government has already declared as legal tender in many countries across the world, so I think it's not possible to get crashed.

Fiats can crash against themselves anytime as some of them get strengthened. I am in a country where Fiat has experienced some crazy huge crash for a while before it started getting strengthened back after the intervention of the government with some strict monetary policies and controls.

It is normal and with most countries that rely mostly on importation, they are always bound to experience this since they depend on USD for making merchant payment, without leaving out corruption within the system as well.

[Lpim01]

Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.

It could be in a realization period and thinking, what if we used bitcoin everyday? I think it could be hard if not all around us are accepting this kind of currency. Using of bitcoin is not the way of crashing fiat money, but is just an another option for us where we feel comfortable on our doing.

[Kambal2000]

Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.

It could be in a realization period and thinking, what if we used bitcoin everyday? I think it could be hard if not all around us are accepting this kind of currency. Using of bitcoin is not the way of crashing fiat money, but is just an another option for us where we feel comfortable on our doing.

For now, it is not possible I can't think of it that it will crashed nowadays, maybe after a couple of decades when all of the people are already aware and already embraced the world of cryptocurrency but for now we cannot tell it, it is too early to predict what will happen in the future.

[azguard]

Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.

It could be in a realization period and thinking, what if we used bitcoin everyday? I think it could be hard if not all around us are accepting this kind of currency. Using of bitcoin is not the way of crashing fiat money, but is just an another option for us where we feel comfortable on our doing.

For now, it is not possible I can't think of it that it will crashed nowadays, maybe after a couple of decades when all of the people are already aware and already embraced the world of cryptocurrency but for now we cannot tell it, it is too early to predict what will happen in the future.

Maybe you are wrong, every monetary system is based (i mean in all countries) with this aspect. You get 1 dollar, euro, GBP and you return 1.01 or 1.02.
This is simple money isn't back up with anything except interest.

Every single currency will crash eventually, including commodity backed currencies. Simply said, every complex system will fail or falter eventually, the more complex, the greater the likelihood of a problem.

[Ingoats]

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

Crash like to be mo longwr be used? I highly doubt that this thing will happen. Cash is supported on different countries by different governments. It played a huge role on the lives of most people and even if cryptocurreny is the new era of currency, cash will be still used since the value of cryptos are only based on the value of cash or regular currencies.

[btcjocan]

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. It will never happen because there are still a lot of people who ate going to use fiat money. Fiat money is also important especially to those people who lives on countryside where internet connection is too poor and also those people who don't know how to access bitcoin site through the internet. If that would happen, what do you think will happen to those people? Think about it and I think they are not the one who will be affected but we are also included there's no exception.

[katarin2030]

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

It's highly impossible to crash fiat currency, economy of several countries based on traditional currency not yet upgraded to digital currency systems yet, so how would it be possible to crash the fiat money.

[Sled]

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

It's highly impossible to crash fiat currency, economy of several countries based on traditional currency not yet upgraded to digital currency systems yet, so how would it be possible to crash the fiat money.

I agree to that the fiat currency will not be going to crashed because there is a lot of countries that using fiat currencies primarily rather than the cryptocurrency in the internet so there is nothing to worry about because in the future, it will evolve and maybe it will be teaming up with cryptocurrency for a safer and much better system.

[bitcoinisbest]

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

It's highly impossible to crash fiat currency, economy of several countries based on traditional currency not yet upgraded to digital currency systems yet, so how would it be possible to crash the fiat money.

How can physical currency values falls against the currency which is virtual and not even accepted worldwide. This is will not happen unless the whole world accepts this currency and become more stable and does not have such volatility. Volatility is a feature of btc and thus it will continue it seems.