Topic: If bitcoin price is $10.000, will fiat be worthless? - page 13. (Read 145035 times)
That is very impossible. People earn bitcoins for them to exchange it to their fiat currency. Bitcoin can't be a reason to become fiat worthless. Bitcoin have no such tremendous power to surpass the fiat currency.
If bitcoin is easier to get than fiat, I think fiat is meaningless, but maybe fiat will still be used because bitcoin will be transferred with fiat. But, maybe then everyone has used bitcoin, so all transactions can use bitcoin. So fiat becomes worthless
Fiat will never be meaningless, this is the governments preference for the value of things and it will be used by everyone for transacting.
Though there is a chance that bitcoin can go up to $10,000 soon but still fiat is has a strong wall.
And it's wall is being built by the government and we know it's going not to happen.
If bitcoin is easier to get than fiat, I think fiat is meaningless, but maybe fiat will still be used because bitcoin will be transferred with fiat. But, maybe then everyone has used bitcoin, so all transactions can use bitcoin. So fiat becomes worthless
Fiat will still be needed even if bitcoin price reaches $ 10,000, for small transactions we still need fiat, if bitcoin price is higher then transaction fee also higher, it would be very harmful if we use bitcoin for all transactions including small transactions
I doubt with that, because people will think smarter. Probably people will use bitcoin for big amount of transaction and use altcoins for small transactions. There is no inflation in cryptocurrency so this is still best form of money. Bitcoin has a high price, so obviously, people will be more on using it to pay or give big money than using it on a small amount transactions or payments. Who would want to give a fee bigger than their money that will be sent right? And even if that reaches $10,000 I think there will be some that will send small amounts though, it is unavoidable, though, I don't suggest to do such thing.
Fiat will still be needed even if bitcoin price reaches $ 10,000, for small transactions we still need fiat, if bitcoin price is higher then transaction fee also higher, it would be very harmful if we use bitcoin for all transactions including small transactions
I doubt with that, because people will think smarter. Probably people will use bitcoin for big amount of transaction and use altcoins for small transactions. There is no inflation in cryptocurrency so this is still best form of money. 
Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.
Bitcoin may be trading above $2000 regularly, that doesn't make it stable. Bitcoin continues to be remarkably volatile. This is a price chart over the last 14 days. This is not a picture of stability.
This just proves what I have been telling for many months
Namely, that if Bitcoin is set to rise exponentially, its volatility will rise exponentially squared. In other words, the volatility of Bitcoin prices is going to rise faster than the prices themselves, even in relative terms. That's one of the reasons why we may never see Bitcoin above 10k dollars per coin even in a remotely consistent manner unless prices get stabilized by the real economy, i.e. via wide acceptance by merchants who wouldn't be exchanging bitcoins for fiat as fast as they get them
Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.
Bitcoin may be trading above $2000 regularly, that doesn't make it stable. Bitcoin continues to be remarkably volatile. This is a price chart over the last 14 days. This is not a picture of stability.
Fiat will still be needed even if bitcoin price reaches $ 10,000, for small transactions we still need fiat, if bitcoin price is higher then transaction fee also higher, it would be very harmful if we use bitcoin for all transactions including small transactions
With that price there will be a bunch of people investing and the whole network for Bitcoin might be a little faster since the people that invested in Bitcoin from the single digit range may purchase Bitcoin Miners that are capable of mining a bunch of coins that will help the transactions flow smoothly.Trust me, if that was the case, we should have ping time transactions by now. We have a lot of mining power and it's increasing day by day but you never see the transaction time going down at all. We still have to do some bidding in the transaction fee in order to have a better transaction time. The higher the fee, the faster your transaction gets confirmed.
There's only 1MB size of block allowed. More blocksize surely is more transactions per second but it will require hard fork. I'm sure the people that bought bitcoins at a very low price wouldn't spend tons of money just to have a hard fork. They will just raise their transaction fee and they are good to go. Only people that truly wants transactions to flow smoothly are microtransactionists.
Fiat will still be needed even if bitcoin price reaches $ 10,000, for small transactions we still need fiat, if bitcoin price is higher then transaction fee also higher, it would be very harmful if we use bitcoin for all transactions including small transactions
With that price there will be a bunch of people investing and the whole network for Bitcoin might be a little faster since the people that invested in Bitcoin from the single digit range may purchase Bitcoin Miners that are capable of mining a bunch of coins that will help the transactions flow smoothly.and fiat if bitcoin will continue its success as the demand of fiat will also increase.
Fiat will still be needed even if bitcoin price reaches $ 10,000, for small transactions we still need fiat, if bitcoin price is higher then transaction fee also higher, it would be very harmful if we use bitcoin for all transactions including small transactions
Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.
Fiat will be used but not sure that it will be used on the same scale as it is being used nowadays. I have doubt that the use of bitcoin will be increased very higher in teh future and the use of fiat will be reduced very lower and it may affect the fiat. 
Even if the price of bitcoins goes in millions still fiat will not become worthless as we need fiat to convert our bitcoins as even in future I don't think that we will be able to spend our bitcoins at each and every place.
We do not have to spend our bitcoin in every place but I can ensure that it will be very easy for use to spend crypto in the future modern world. Bitcoin is the leader of cryptocurrency and it will affect the world a lot in developing and improving the cryptocurrency and the blockchain technology 
Fiat/dollar is affecting the bitcoin price and other currencies too directly. Look at the price that has been happened these days, something in the fiat backstage has happened that dropped the price too much.
Bitcoin is and will be for a long time as the second currency that will be used online and in the real life too (later) when more merchants start accepting bitcoin and the dev make it easier.
Bitcoin is and will be for a long time as the second currency that will be used online and in the real life too (later) when more merchants start accepting bitcoin and the dev make it easier.
Fiat will never be worthless in this condition because the number of bitcoins is limited with millions. When you campare all fiat Money amount with bitcoin, you'll see that fiat Money is dominating like crazy.
Bruh, that actually makes fiat's value go down. You're talking about the quantity of the the two. In bitcoin, there would only be 21 million of it but it can be divided in much smaller portions. Fiat, on the other hand, is almost as if is infinite. When the government needs some money, they just print more and more fiat. You'd see commodities go up in price but in reality, it's just that your currency has lower value than yesterday.
One example why the amount of fiat money makes it have a much lesser value is the case of Zimbabwean dollars. They printed really high denominations of their money so they ended up having a hyper-inflated currency. In other words, their currency has become worthless.
Even if the price of bitcoins goes in millions still fiat will not become worthless as we need fiat to convert our bitcoins as even in future I don't think that we will be able to spend our bitcoins at each and every place.
it will never be useless or worthless , what i about gold
bitcoin without fiat is nothing
bitcoin without fiat is nothing
Fiat will never be worthless in this condition because the number of bitcoins is limited with millions. When you campare all fiat Money amount with bitcoin, you'll see that fiat Money is dominating like crazy.
Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.
Hard to believe by 2020 it will happen if bitcoin will have a movement like this, it will be hard for it to get up at $10,000. But if there's a billionaire investor that will buy almost half of an exchanges total bitcoin holding for sure this is going to make money for all of the holders that can make the price of bitcoin higher. But no way, it can't make fiat useless.
Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.
$10,000.. That means with about 18 million Bitcoin then, that the market cap would be $180 billion. If you look at the total money on earth, which is many trillions, this is only like 1%? Or even less...
So to answer your question... Nope! Fiat won't be worthless!
Regards,
-Trump
So to answer your question... Nope! Fiat won't be worthless!
Regards,
-Trump
Jump to: