Quote from: Allura74 on November 06, 2018, 10:26:34 PM

Quote from: Wingo on November 06, 2018, 08:45:38 PM

Quote from: Jmmerquita on August 06, 2017, 06:47:54 PM

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

This is unlikely to happen, Fiat is used by everyone. There will be no stagnancy in the circulation of fiat, only the fall of the economy of a particular country will be the root cause of a crash.

Quote from: Semosuchi Tesongrato on November 04, 2018, 10:52:41 PM

Of course it is possible, and it has happened dozens of times throughout history: fiat money is made of paper, and if the government implements a wrong monetary policy, the value of money becomes that of paper.
This is precisely why the bitcoin is infinitely safer.

NO, Bitcoin is not infinitely safer but much more vulnerable to crash. Lol, don't make sense with a wrong statement, the government implements monetary policy to regulate the fiat currency. There is no control over cryptocurrencies, there is no regulating entity behind it making it prone to pumps and dumps.

Fiat currency still possible of crashing but not as abrupt like crypto currency because one thing that makes them different is fiat currency is always have a central control that keep fiat currency stable and always dependent of a country's economic status, so in vice versa with crypto of being decentralized system it is prone in crashing because of its volatility.

The economy of fiat cash will sometimes decline but not that volatile as cryptocurrency. Because of regulations and control it won't happen because of the legality of fiat, and with cryptocurrency I guess when it's regulated possible huge crash will be eliminated. When fiat begun to crash at minimal amounts the economist assigned will have to correct those fluctuations in order to recover the loss.