If bitcoin price is $10.000, will fiat be worthless? - page 3.

syarifudin

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Quote from: virtualx on December 13, 2015, 05:25:39 AM

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

of course i don't agree with that because fiat has a different function with bitcoin and as a means of official fiat payment transaction will remain in its function and will not be influenced by an increase factor of bitcoin.

West0813

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Quote from: virtualx on December 13, 2015, 05:25:39 AM

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 don't agree with this statement at all. Fiat is so stable and nothing will make fiat worthless. Bitcoin now is in $10k but fiat is still here. Even if the value of bitcoin will get higher fiat will remain.

stadus

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Quote from: jksmds on November 30, 2017, 12:33:46 AM

Bitcoin already crossed $10000, and fiat is not worthless.

But 1 fiat is worthless in respect of 1 bitcoin. :-)

The situation now has already answered this thread and I guess it's timely that it should be close otherwise
we will just post here with a never ending discussion. Now that we reach $10,000, I think even if we reach millions, fiat will still be useful.

julzcoinbit

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Quote from: robotroad on November 29, 2017, 11:20:35 PM

It’s almost impossible for fiat to become worthless, because it is still the prime currency worldwide, at least, for the time being. Anything can happen in the future though.

As for me, fiat will never become worthless even if bitcoin price reaches to $20,000. Bitcoin's price doesn't matter for fiat to become worthless. Fiat plays an important role to those bitcoin users because they convert their bitcoin into fiat so they can able to buy stuffs whatever they want. Coz as of now, especially in my country, I don't even know if there's a store who accept bitcoin as mode of payment. Aside from that, bitcoin price is also determined by fiat. How will you know how high the price of bitcoin if you don't convert it into fiat, right? Anyway, just my two cents.

jksmds

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Bitcoin already crossed $10000, and fiat is not worthless.

But 1 fiat is worthless in respect of 1 bitcoin. :-)

robotroad

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It’s almost impossible for fiat to become worthless, because it is still the prime currency worldwide, at least, for the time being. Anything can happen in the future though.

rockyboy

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Quote from: virtualx on December 13, 2015, 05:25:39 AM

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Bitcoin already reach at $11000 but fiat is being used in all areas of the world up to this moment. I guess bitcoin and fiat are all needed and will not become worthless.

hartonosusilo

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Your dream has came true man, i'm waiting for your next topci about " If bitcoin price is 20,000, xxxxx ? " Cheesy

Semar Mesem

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I think any bitcoin price will not directly affect the fiat, bitcoin users get a big profit but will never eliminate the fiat function because as long as there is fiat it will continue to be protected by the government.

jatin729

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Today almost bitcoin touches 10000usd but still fiat is running, because people are just treated bitcoin as an asset not money.

winspiral

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Soon you will have the answer in real...(lol)

NavI_027

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Absolutely not, fiat money will not become worthless at all because this is the main system of finacing we are all using. Let me ask you, did you ever heard of a country which have their own currency but rejected by its own citizens? You definitely did not, right?

Even how much bitcoin's price will increase, it will find very hard to replace the fiat money we are currently using (but I'm not saying that this is impossible). As for now, bitcoin will remain as an optional currency for us and that's not bad at all because it's still beneficial.

abaidudez

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Fiat will only be useless when everyone will know about BTC. But I'm very sure not everyone have an Idea about BTC. I asked 10 of my friends from High school if they have BTC? But noone answered yes. Someone answered I have an Idea about BTC but I don't know if I need one. Most of my then don't really know that BTC exist. The are amazed after I told them btc value today. I tried to educate them about it but they refused and said they prefer real world money. With that I am sure, that not most of the people have idea of BTC.

Granxis

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Quote from: ?? on ??

I don't know what is the major reason of bitcoins cost improve, maybe that is just taking place when a lot of people are purchasing bitcoins.Since the legislation of demand and supply will probably be applied here in bitcoins too. But I don't think if that is the only reason for growing its cost.Or sharks would be the 1 managing the price of bitcoin.

The cost of Bitcoin is not rising, only the price of Bitcoin increases unusually, which causes us to think of it as a pleasure. What happens if something so fast grows at the same speed?

sudeepsinha

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Quote from: Jurski on November 11, 2017, 08:04:39 AM

No way fiat is going to be useless.It is too cocky to assume something like that yet

Yeah , it's impossible for fiats to become useless for real. It's really a big change that couldn't happen.

mikeprimia

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Quote from: Gabz999 on November 26, 2017, 09:34:20 PM

Quote from: kobe24 on November 26, 2017, 09:25:49 PM

Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

Yeah right ! Fiat will never be useless even if the bitcoin reaches high price. Many people is not using bitcoin to buy their daily needs, fiat is the only one they need.

Bitcoin can't do the most purposes of fiat. Fiats are using for daily payment in real life, Bitcoin still can't solve that mission so i think the fiats are still be okay if even Bitcoin reaches to 20k in the future.

hartonosusilo

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With the present conditions about price of Bitcoin, i think the goal 10k will be easily to reach with Bitcoin but it will not damage the fiat's influence , both of them will develop side by side.

meldrio1

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bitcoin is almost reach $10,000 and we still using fiat so its not be worthless, virtual currencies needs more upgrade for fast transaction, very high secure, support from the government, maybe these will fiat be worthless.

Gabz999

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Quote from: kobe24 on November 26, 2017, 09:25:49 PM

Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

Yeah right ! Fiat will never be useless even if the bitcoin reaches high price. Many people is not using bitcoin to buy their daily needs, fiat is the only one they need.

kobe24

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Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

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