The current Bitcoin price is increasing so quickly that it seems perfectly possible to see that price this same year, but this rally to sky seems so artificial and speculative that I don't think it can affect the dollar value in anyway.
I doubt that, the price of bitcoin will just be stable at $2,000 and it is very impossible for the price to reach that point because it will take another year or 2 years for the price to reach that because the demand and support in the market is not yet enough for that target price but the sure thing is, it will surely reach that soon. 
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 21. (Read 145059 times)
The current Bitcoin price is increasing so quickly that it seems perfectly possible to see that price this same year, but this rally to sky seems so artificial and speculative that I don't think it can affect the dollar value in anyway.
There is a big use for fiat hence it will not become useless or worthless. This will not change i expect.
In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
The price is currently above $2,000 and we are near to the amount you mentioned, I am pretty sure we can achieve that in years to come but what I notice the value of FIAT does not change any nor become worthless. In fact, more circulation of fiat will happen as a lot of people who are into bitcoin will start buying more due to the good performance of bitcoin. In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
There is a big use for fiat hence it will not become useless or worthless. This will not change i expect.
In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
Fiat will always be the preferred medium or currency by the government because it is considered by many citizens.
And all of us are using it for a lot of years already, I don't know if that is already a century, lesser or more than from now on.
There's just one thing that I'm thinking when the price of bitcoin will reach $10k, many bitcoin users will become rich.
There is a big use for fiat hence it will not become useless or worthless. This will not change i expect.
In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
In time plastic cards and phones will take over a large cap of the transaction, but no matter how much bitcoin rises, the use case is still there.
Bitcoin getting to such high prices is most likely going to seize being a digital currency
because it wont have so much demand as its enjoying perhaps becoming a trade-able asset would fit in nicely to keep prices moving leaving fiat untouched
because it wont have so much demand as its enjoying perhaps becoming a trade-able asset would fit in nicely to keep prices moving leaving fiat untouched
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. There still a lot of people that dont have access on technologies so it means they will still depend on fiat currency. The main requirements if you want to use bitcoin is computer literacy and internet.
For the big transactions, people will use the bitcoin.
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. There still a lot of people that dont have access on technologies so it means they will still depend on fiat currency. The main requirements if you want to use bitcoin is computer literacy and internet.
For the big transactions, people will use the bitcoin.
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. There still a lot of people that dont have access on technologies so it means they will still depend on fiat currency. The main requirements if you want to use bitcoin is computer literacy and internet.
may not fiat worthless if bitcoin has a $ 10,000 price. bitcoin valuable because a fiat currency, like gold if the price memilika 1grams / 10000 $, whether worthless fiat currency? , Measuring bitcoin precious or not also with fiat currencies. so a mere joke when people say worthless fiat currencies if bitcoin worth $ 10,000.
yes that can be right that fiat is not going to worthless at any case. i think it can only be worthless if the users of bitcoin will increase more and more. 
No I don't agree.The reason is that Bitcoin can reach that value pretty fast and the circunstances why this happens could be so different.
Fiat will still be around in decades!A success for Bitcoin in terms of value in fiat doesn't have to be connected with losing value of fiat.
Let's just some of the gold holders switch over to Bitcoin, online gaming, gambling, foreign remittances and e-commerce use Bitcoin in a larger magnitude and boom you have your $10k BTC.Euro, Dollar, Yen, Yuan etc will still be around and used by general public.
Fiat will still be around in decades!A success for Bitcoin in terms of value in fiat doesn't have to be connected with losing value of fiat.
Let's just some of the gold holders switch over to Bitcoin, online gaming, gambling, foreign remittances and e-commerce use Bitcoin in a larger magnitude and boom you have your $10k BTC.Euro, Dollar, Yen, Yuan etc will still be around and used by general public.
i agree with you, although bitcoin was worth $ 10,000, fiat will remain the world's financial foundation.
I agree with you. Regardless of what price will be at bitcoin, it will never become the main currency. After all, the government will not accept a cryptocurrency as its national currency
I beg to differ. The price of bitcoin, especially when it's around 10k USD, is the indicator that people are using bitcoins and merchants are accepting bitcoins. Let's say the price of bitcoin is already at 100k USD (hypothetically), then that means huge investors, businessmen, and large companies have already entered the game. Almost everyone is starting to become a bitcoin user. This will destroy the government's taxation since they cannot collect any.
At that point, bitcoin is already the main currency. It might not be a regulated and government owned/issued currency, but it is the main currency because everyone's using it.
In fact, there is no such relationship
And you can't actually draw such conclusions. All what you could plausibly claim in that hypothetical case is that the balance of demand and supply found a new equilibrium at that price (provided it is more or less consistent, of course). But you could get there either by demand exponentially expanding (this is one thing) and via supply contracting (this is a completely different thing). In the latter case, you can't possibly claim that there is even a slightest increase in the numbers of "huge investors, businessmen, and large companies" interested in Bitcoin. In reality, the total number of investors could actually decline but just get offset by the stronger supply squeeze. Even in the former case (i.e. when demand expands), it is not given either that new investors (businessmen and large companies) are entering Bitcoin and not "old" holders just adding more bitcoins to their stashes
no, even if the price of bitcoin was around 10k the market cap would still be max 210 billion which is still extremely small in the grand scheme of things.
its true, but it is possible that people in the world can get a bitcoin each person. maybe some satoshi for each person right ? 
I wont but the problem with those people that only come to bitcoin for the price is they will switch immediately to any other coin that promises them the possibility of earning bigger amounts of money in the shortest time frame possible, they are not in bitcoin in the long term.
Just let it that way and I don't see majority of all bitcoin users are like that.
Also it's not wrong to get some opportunities to earn in other alt since traders always like that and even happening in physical assets of trades even prior to the existence of cryptocurrency. And to add for that, there is low chance that all whales and bitcoin bagholders (I said ALL meaning 100%) will goes into diversifying tactics just to earn side income with other alts.
$10,000 is soundslike delusional , but i believe nothing impossible so let's say it will happened in the future.
fiat should have no problem at all as i think people will still need it .
may not fiat worthless if bitcoin has a $ 10,000 price. bitcoin valuable because a fiat currency, like gold if the price memilika 1grams / 10000 $, whether worthless fiat currency? , Measuring bitcoin precious or not also with fiat currencies. so a mere joke when people say worthless fiat currencies if bitcoin worth $ 10,000.
The problem with price being the major attractor to people is that they will invest in bitcoin just to speculate with the price instead of believing in the technology and that will open way for another bubble to form, we can benefit of that in the short term but like every other bubble it will eventually burst and that will be bad for us in the long term.
Price is a magnet for people to research and eventually invest in bitcoin - we cannot deny that. It was and always will be like that.I was the same, I came to BTC looking for fast buck and extra money, but in the meanwhile I learned enough about BTC that I am here to stay.
Volatility, bubbles, speculations - they will be part of bitcoin for a very long time; don't try to fight the trend, embrace it.
I fully agree but I don't think there will be another coin that can surpass bitcoin, even if there is the users/investors will be cut in half, so there is a high risk, there is no guarantee that it will raise its own price like bitcoin did, so still bitcoin will still be alive even if another coin with better features than bitcoin has been introduced.
I wont but the problem with those people that only come to bitcoin for the price is they will switch immediately to any other coin that promises them the possibility of earning bigger amounts of money in the shortest time frame possible, they are not in bitcoin in the long term.
Just let it that way and I don't see majority of all bitcoin users are like that.
Also it's not wrong to get some opportunities to earn in other alt since traders always like that and even happening in physical assets of trades even prior to the existence of cryptocurrency. And to add for that, there is low chance that all whales and bitcoin bagholders (I said ALL meaning 100%) will goes into diversifying tactics just to earn side income with other alts.
The problem with price being the major attractor to people is that they will invest in bitcoin just to speculate with the price instead of believing in the technology and that will open way for another bubble to form, we can benefit of that in the short term but like every other bubble it will eventually burst and that will be bad for us in the long term.
Price is a magnet for people to research and eventually invest in bitcoin - we cannot deny that. It was and always will be like that.I was the same, I came to BTC looking for fast buck and extra money, but in the meanwhile I learned enough about BTC that I am here to stay.
Volatility, bubbles, speculations - they will be part of bitcoin for a very long time; don't try to fight the trend, embrace it.
I fully agree but I don't think there will be another coin that can surpass bitcoin, even if there is the users/investors will be cut in half, so there is a high risk, there is no guarantee that it will raise its own price like bitcoin did, so still bitcoin will still be alive even if another coin with better features than bitcoin has been introduced.
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?
There is low posibility but it might happen, I do not think that if the bitcoin reaches that price fiat will become worthless, the main reason is the transaction takes time, so there is no posibility that fiat will become worthless if the transaction of bitcoin is still the same as now, but if the transaction takes only a second the it highen the chances that fiat might become worthless.
fiat will never be worthless 
not until crypto is adopted mainstream
not until crypto is adopted mainstream
If bitcoin price cathes up with $10.000, fiat will be worthless, yet this value loss in fiat will not be that much. 
no, even if the price of bitcoin was around 10k the market cap would still be max 210 billion which is still extremely small in the grand scheme of things.
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