Topic: If bitcoin price is $10.000, will fiat be worthless? - page 10. (Read 145077 times)
Yes right, I'm sure if the price of 1 btc = $ 10,000 then the number of users will continue to increase and the fiat is worthless. this is what all countries feared banned bitcoin.
Nope, 10000$ is nothing when we're talking about Bitcoin, it seem to be reachable within this year. and by next year, bitcoin would hit 50000$ to 100000$, this is only my presumption and only based in my own observation.
What we could say about Fiat, it will stay for a while for daily use, specially for remote areas.
What we could say about Fiat, it will stay for a while for daily use, specially for remote areas.
No i don't think so that fiat will be worthless even bitcoin reaches $20.000, fiat will still the main currency in different countries unless the government will introduce bitcoin as a replacement for fiat.
I dont think fiat will ever be worthless, per say. I just think more and more people will be envious of all of us bag holders
It could be worthless, why? Bitcoin and cryptocurency is developing faster, if only, cause fiat is staying "at the same postion"...
No, I don't think so. In my opinion, I think no matter how high the value of bitcoin will be, fiat will never be worthless. Bitcoin is a virtual money and it serve as an alternative currency and not to replace fiat cash. Besides not all people are not knowledgable about bitcoin so they will not accept it immediately. Also, some government even prohibit the use of bitcoin.
I think that is not feasible, fiat will always be used by most of people in future too, without doubt will also use bitcoin once it will get well-liked but fiat can't merely disappear.
I don’t think fiat currency will become wortheless once bitcoin has increased its value up to that amount. By that time, we don’t have an assuarance that bitcoin is already an official currency accepted by all countries. Currently, some countries still ban the use and the website of bitcoin. In this case fiat will still be the one used by the citizens.
I dont think fiat will ever be worthless, per say. I just think more and more people will be envious of all of us bag holders
It could be worthless, why? Bitcoin and cryptocurency is developing faster, if only, cause fiat is staying "at the same postion"...
Bitcoin can reach this level (10000$) soon, but fiat will stay useful and will not become worthless even if bitcoin's price overcome this level.
People worldwide are using fiat currencies a lot more than crypto currencies actually.
People worldwide are using fiat currencies a lot more than crypto currencies actually.
I don't agree with this statement, mainly because the price of bircoin or any other financial product or raw material on market don't decide about its importance. The only institutions who are in power to decide if fiat are worthless are banks and local goverments. We could also add retailers to its list, because if all retailers will accept bitcoin banks and goverments will have to introduce bitcoin as a common digital medium payment(goverment should listen to its electorate). As long as people won't accept bitcoin goverments won't accept it too. The main question for both sides is if bitcoin is worth its price and technology.
Even if BTC was $100k, I dont ever see fiat being worthless, as you describe. Not everyone in this world (we live in a huge world) will have BTC or become familiar with how to use it.
I don't think Fiat will become worthless if bitcoin's price went over 10000 USD, it will only mean that Bitcoin will have a strong buying power than fiat. How people value fist, is the same as we value Bitcoin, since both are currency, however, their value differentiates through time, Bitcoin is going higher while the latter seems to be going down, and that is due to inflation, and if the value of Fiat, let's use the US dollar, if it's value decreases, the value of Bitcoin will also be hit, but it will not be drastic, since we are using Fiat to value Bitcoin, but I think it will be a long time for fiat to become worthless since a lot of people today are still hesitant to use cryptocurrencies, and probably the best generation, there will be no more fiat, and that's the time it will become worthless, if people no longer uses it.
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Do you agree with this statement?
No, fiat couldn't be worthless what ever bitcoins value will reach. We still need fiat when we exchange our bitcoin. We still need fiat is our daily expenses. Fiat would only be worthless if all people use bitcoin and all transactions are being done with bitcoin or other altcoin even if you only buy a lollipop.
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Do you agree with this statement?
No, i disagree with this topic, definitely fiat is very important all over the world, bitcoin is very important too but with a very limited transaction only and not everyone have been using it.
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
I disagree with the statement. Even if it will have an expensive market value, fiat or regular currency will be still used since it has a different function which is commonly to daily transactions. And knowing that the market value of bitcoin is continuously increasing and getting more expensive everyrime, it is becoming more of an asset than a currencyDo you agree with this statement?
So its main function at this moment is an investment where people are getting profit such that they don',t even want to spend Bitcoin just to hold it. So it appears that fiat will still be benifitial for people as a real currency.
Unfortunately not, in my opinion, this can not happen in the near future, and even more so in the very near we are talking about, because this price is the most possible.
Fiat money has its own worth and it will never be denied and eliminated even if bitcoin will reach to $10,000. It has been the main mode of payment to the world's majority citizen while bitcoin is still limited to some transactions only. If ever bitcoin will reach this high it would be a great advantage to us bitcoiners because once it is converted to fiat then financial stability to us will be secured.
Unfortunately not, in my opinion, this can not happen in the near future, and even more so in the very near we are talking about, because this price is the most possible.
I dont think fiat will ever be worthless, per say. I just think more and more people will be envious of all of us bag holders
Fiat will be only good for small amount payment in the future, or where there is no electricity.
Bitcoin will not effect on worth of fiat currency, because the both currency has Different pros and cons.
There are billions of people who don't know about bitcoin and they are totally depend upon fiat currency.
There are billions of people who don't know about bitcoin and they are totally depend upon fiat currency.
I dont think fiat will ever be worthless, per say. I just think more and more people will be envious of all of us bag holders
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