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Topic: If bitcoin price is $10.000, will fiat be worthless? (Read 145077 times)

legendary
Activity: 1274
Merit: 1004
It is just same as the current market. Bitcoin is around$8,000 and dogecoin is around 0.007$ so is the dash coin still worth buying when Bitcoin is at such a higher rate than the answer is  simply yes because Bitcoin requires a lot of investment and a lot of time to make your money grow but with smaller kind of currencies we can get higher profits in a smaller time but with involvement of risk. In order to minimize the risk, you can try different strategies but the most important stuff is your experience the more time you spend in trading platforms dude perfect you will become and the less risk you are going to take.
jr. member
Activity: 294
Merit: 6
Not at all. Bitcoin and fiat will always co exist because there are places and people who cannot use bitcoins because they do not have internet access and the gadgets required to use bitcoin but they will always use fiat.
full member
Activity: 1050
Merit: 100
Many businessmans are using fiat in their business because they're trusting fiats in terms of business. Since bitcoin has been noticed by many people, many investors invest in Bitcoin. If 1btc=$7500, Fiat will not become worthless because we all know that this is the real money, physical money and you will buy it everywhere you want unlike bitcoin. Indeed, I will say that there's not possibility that fiat will necome worthless.
fiat users are bigger than bitcoin, if bitcoin reaches any price i think it will not affect fiat, if btc skyrocket i guess people are investing into btc to make a profit not to transact like fiat
full member
Activity: 322
Merit: 100
Many businessmans are using fiat in their business because they're trusting fiats in terms of business. Since bitcoin has been noticed by many people, many investors invest in Bitcoin. If 1btc=$7500, Fiat will not become worthless because we all know that this is the real money, physical money and you will buy it everywhere you want unlike bitcoin. Indeed, I will say that there's not possibility that fiat will necome worthless.
newbie
Activity: 112
Merit: 0
Yes it will be useful if its price is fixed to 10k, plus minus one thousand. The backward strange is not worth considering at all, they have other values.
sr. member
Activity: 434
Merit: 251
Bitcoin don't make influence on fiat at my opinion and when price was $20K fiat didn't change price. At my opinion people just overrating bitcoin.
hero member
Activity: 700
Merit: 500
I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
of course, until the cryptocurrency has become worldwide, fiat will remain useful...maybe some will stop using it or they will use it less...but it won't go away from everyone's life

To me i think that even if bitcoin become worldwide, fiat will remain useful, because in most of the backward countries people still do not have knowledge about computer and internet, they even do not have access to internet, even in some places people do not have the facilities of using internet, therefore i think that it will take a lot of time.
full member
Activity: 350
Merit: 100
All of that is true, but it is not something easy to do. Because all people would use something new, when there is already a body or company that can guarantee all the things that will happen in the future, if it is indeed a good thing happened. I think everyone now accepts the bitcoin, however they still doubt will use it because it is indeed bitcoin does not yet have a clear legal entity and also will not be a company or a person who guarantees the bitcoin. But it all depends on the future. just wait and see the results
sr. member
Activity: 322
Merit: 250
The good old days when bitcoin worth 15000 $ was an unrealistic dream.
newbie
Activity: 36
Merit: 0
until now bitcoin already more than $ 10k fiat money is still valuable it seems fiat money cannot be replaced.
hero member
Activity: 928
Merit: 531
Mystery has been solved.
member
Activity: 172
Merit: 11
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Well guess what, it just reached $20,000 ATH recently and went down a little. Fiat money didn't become worthless. Fiat money will still survive because bitcoin is not yet widely accepted by some country, even other countries banned it because they are scared that bitcoin would lessen the amount of income tax they would get.

I think threads like this serve really well to show how far the crypto community has come, if bitcoin has a price in fiat then fiat isn't worthless. It's amazing how people didn't realise such things. Even if bitcoin was worth $100m fiat would still have a worth.
full member
Activity: 353
Merit: 100
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Well guess what, it just reached $20,000 ATH recently and went down a little. Fiat money didn't become worthless. Fiat money will still survive because bitcoin is not yet widely accepted by some country, even other countries banned it because they are scared that bitcoin would lessen the amount of income tax they would get.
hero member
Activity: 546
Merit: 500
I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
of course, until the cryptocurrency has become worldwide, fiat will remain useful...maybe some will stop using it or they will use it less...but it won't go away from everyone's life
member
Activity: 364
Merit: 10
This could not be happen. Fiat is will still part of our daily lives.
Even if the price of bitcoin will land to the moon.
Still the government will use fiat as currency.
Many people are not aware about bitcoin and it needs online connection to transact.
Here in my country, remote areas has no electricity considering we are now at 21st century.
full member
Activity: 280
Merit: 101
Blockchain with a Purpose
I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
member
Activity: 105
Merit: 10
Well its a no because if theres no fiat bitcoin is worthless.
newbie
Activity: 25
Merit: 0
fiat will never be replaced because it is more protected by the laws of every country, with fiat money we can buy one candy easily Cheesy.
full member
Activity: 140
Merit: 100
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Fiat will never be worthless. Fiat is what we use in our daily lives for our everyday expenses, even if Bitcoin hit the higher value Fiat will never be worthless at all. We can always use Fiat anytime we want and we can even buy a cup of coffee in any coffee shops paying for cash.
newbie
Activity: 27
Merit: 0
Ta al.. You'll certainly be skipped..eH..r
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