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Author Topic: it is possible fiat currency will crashed?  (Read 8566 times)
HasiViraj
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July 11, 2018, 04:17:45 PM
 #641

Fiat is under Government control. They won't enable it to crash, and on the off chance that it does because of economic situations, it will just prompt expansion. Starting at now, that is impeding even to btc,because your interest in btc is secured because of its cost in fiat. You cannot go to your neighborhood basic supply shop and reveal to them that you will pay in btc if fiat crashes, since then everybody will search out fiat as it were. In addition, since the estimation of btc right presently is reliant on the way that fiat is supporting it, it won't be something to be thankful for cryptos if such an occasion happens.
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joebrook
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July 11, 2018, 04:27:11 PM
 #642

Fiat is under Government control. They won't enable it to crash, and on the off chance that it does because of economic situations, it will just prompt expansion. Starting at now, that is impeding even to btc,because your interest in btc is secured because of its cost in fiat. You cannot go to your neighborhood basic supply shop and reveal to them that you will pay in btc if fiat crashes, since then everybody will search out fiat as it were. In addition, since the estimation of btc right presently is reliant on the way that fiat is supporting it, it won't be something to be thankful for cryptos if such an occasion happens.
No government is going to sit there and allow their national currency to be crashed unless there is nothing that they can do all together and people should stop thinking that Bitcoin is going to crash FIAT in the near future.

 
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zhanyiguai261315
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July 11, 2018, 11:01:29 PM
 #643

The possibility of a legal currency crashing!
The fiat currency powers and the people’s trust in the country endorse. When the country’s politics and economy have huge problems, the country’s credit will also be negatively affected, and the legal currency may collapse!
ASHLIUSZ
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July 11, 2018, 11:16:35 PM
 #644

Fiat getting crashed due to the usage of cryptocurrency won't happen, because no government will allow this as well when such situations happen automatically hard restrictions will be put forth by the government. Fiat will continue its usage while bitcoin will serve as an alternate or as a new money.
snaper14
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July 11, 2018, 11:41:01 PM
 #645

in order for it to happen I believe that the world has to experience a new crash where all the balances will be re distributed and planned again, only then the fiat can be crashed and digital money can replace it, in my opinion.

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Gdra467
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July 11, 2018, 11:54:22 PM
 #646

The less use of physical money may not necessarily mean that fiat is crashing. Fiat is getting digitized as the days go by but the value of that particular fiat currency is the same whether as a paper or coin or digital. Fiat however still has some problems such as outrageous charges and easily attacked by hackers, especially when it's digital. This is where cryptocurrencies become very necessary due to the highly encrypted technology backing these cryptos.
yonjitsu
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July 12, 2018, 12:13:20 AM
 #647

Fiat currency is complete different from digital currency in terms of volatility. Fiat currency is a very stable currency that took a loon time to increase a very little of its value. With that, i don't think that fiat currency will really crash at all.

DevilSlayer
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July 12, 2018, 12:22:32 AM
 #648

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
The government will not happen, I am sure that they will make a way where the Fiat money will not be crashed. Cryptocurrencies have still not enough power to defeat the fiat currency.
renz0
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July 12, 2018, 03:12:40 AM
 #649

It's hard to tell.But in my opinion, I think it is impossible that fiat currency will crash down.It is because production of fiat money is backed up with commodities.When fiat money crashed what will happen with our commodities?How are we going to buy those thing since cryptocurrency are not yet fully utilize in purchasing our products.
spongegar
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July 12, 2018, 03:23:04 AM
 #650

I highly doubt an economic system run all over the world for the pass 2 or so millenias and trusted by more people that i know of and is as stable as f*ck will actually collapse by a very young and very volatile currency. Maybe someday crypto currencies will be stable and strong but fiat will never be wiped out from the face of the Earth.

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tonyja2017
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July 12, 2018, 03:43:04 AM
 #651

It is normal for the world economy to be degraded by the economic war. It will soon rise again like the way the Cryptocurrency market recovers. The current world economy is in recession and the prices of the altcoins are sharply decreasing. This is an opportunity for us to buy altcoin and long term hold.

Birin016
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July 12, 2018, 03:50:12 AM
 #652

Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.
rightway00372018
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July 12, 2018, 04:58:05 AM
 #653

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 really think if this will happen because FIAT is commonly used by the people living in a country and no need for us to invest.
MrKubemm
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July 12, 2018, 04:58:16 AM
 #654

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.
validavi
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July 12, 2018, 05:35:55 AM
 #655

No, this is not going to happen, big economies will never let it happen. I understand that lot of value is inflated or not true but it will continue just as it had been in past.
gareng1468
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July 12, 2018, 06:39:19 AM
 #656

fears of fiat occurred currency may happen because of the large and legitimate use of it, this part of the government's reason for some countries forbids the free flow crypto circles. Fiat currency will crash or deficit if many users swap it. this is why some countries allow crypto only for investment

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July 12, 2018, 06:46:17 AM
 #657

The powers that be are trying to weaken the faith in cryptocurrency among ordinary people to master this sphere itself in maximum coverage. What prevents them from hiring Robert Kiyosaki to spread false information? - NOTHING! I believe in cryptocurrency and advise you.  Kiss
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July 12, 2018, 06:46:51 AM
 #658

Its not going to happen because cryptocurrencies are not know by all the people how can they crashed fiat so easily and beside on that we used fiat over a hundred years. I think this new era using crytocurrencies is an alternative way of payment but crashing fiat is not the ideal way to accept this modern kind of currencies.
An alternate ways indeed for those who knows how to use the advantage of technology, innovation will grow more and even those who are not yet well  aware with crypto will also got the the chance to learn about this new system, but in the position where fiat will crashed it's far to think of that since the whole economy around the sphere still recognized fiat process.

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July 12, 2018, 12:27:11 PM
 #659

I think it is not certainly will happen, because we are used to use the Fiat currencies for hundreds of years and this system is not that easy to overcome with new, especially unstable and unclear system of payments. Which are not able to regulate.

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July 12, 2018, 12:44:06 PM
 #660

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 agree with that ,FIAT money is a basic needs of human so I do not think so that it will crashed. Before digital currency made fiat is already exist every people are using it in daily lives also consider the fact that there are people who do no believe crypto currency also who do not know about it.

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