fiat can be used as a sidechain. Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe. Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.
I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something better and appropriate for us. I think fiat system is bad for us now. 
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 33. (Read 145035 times)
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If bitcoin is worth $10.000, will fiat be worthless?
No. $1 would be worth 1/10.000th of a Bitcoin.
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used.It is not that simple
Bitcoin is mostly quoted in the US dollar, so with the dollar going down against the basket of major currencies, Bitcoin is rising, even if its value doesn't change as such (i.e. its price remains the same in other currencies). It is basically the same in respect to the Chinese Yuan since the majority of bitcoins are traded at Chinese exchanges for Renminbi. The estimated number of users is irrelevant as such, it is users that are actively buying and selling Bitcoin that affect the price (i.e. making up supply and demand). Those who bought and now hoard no longer play a role (they had their say when they bought some bitcoins) until they decide to cash out, obviously
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used.I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used. 
fiat can be used as a sidechain. Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe. Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.
I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something better and appropriate for us. I think fiat system is bad for us now. this system can be bad if it gives us a chance to exist. without money is impossible to live, it is a fact. Yes it is not perfect and primarily provides incomes of rich people
fiat can be used as a sidechain. Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe. Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.
I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something better and appropriate for us. I think fiat system is bad for us now.
fiat can be used as a sidechain. Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe. Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
Okay I agree if bitcoin price is $10000 will not affect the fiat, because $10000 is still low. In my opinion bitcoin needs reach $10.000.000 to able to affect fiat, because amount of fiat is really much. 
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
Bitcoin would gain a lot of publicity. However, as you yourself said, the price of the fiat would not suffer a significant impact. Maybe when Bitcoin has a much larger user base, and a broad market adopting the currency, then I think that dollar and many other fiat currency could suffer a more significant impact. I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
It would not surprise me if the value of bitcoin exceeds the $ 10,000.
The value of a currency, as any object is based on supply and demand, agrees. Except that demand, from year to year increases but not way Queers. More and more people get their information, but are reluctant to take the plunge. But as soon as they have taken this step, they can no longer live without, look at you, me, us. What it lacks in the bitcoin is the ease it is to "popularize". Because say to future users, "wai bah need you the private key, the public key, but knowing that your portfolio is a HD, so you can keep the seed for the signature". It's complicated for the common, I think we need to rethink this great technology to common access. The success of windows (or other) was undercover access to computing... but to whom? To nerds? No, to the general public!
That day, the bitcoin will have interest for a lot of world, and as bitcoins are rare at the moment... so its price will increase naturally.
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
Okay I agree if bitcoin price is $10000 will not affect the fiat, because $10000 is still low. In my opinion bitcoin needs reach $10.000.000 to able to affect fiat, because amount of fiat is really much. 
If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.
This isn't a matter of opinion, it's a matter of common sense.
Thats a great point. How come fiat or dollars becomes useless where in fact the value of bitcoin is $10,000 dollars. It simply means that bitcoins value is based on dollar and that bitcoin is still backed up by dollar. If there will be no fiat currency or dollar currency then we are no longer going to mention dollars in the first place. Only if bitcoin becomes independent of fiat currency and becomes a legal tender thats the time that fiat currency will be worthless.
Bitcoin its based not backed by any currencie, we do have bitcoin against any currencie as well any crypto coin, sure the most used pair is usd/btc, but bitcoin is free there is nothing behind it, if bitcoin reach such ammount over the next years, the most people will try to exchange into fiat, soo doesnt matter how much value bitcoin may reach or have it will need fiat, since you cant spend yet bitcoin directly into the most places, if those changes one day, it might make fiat worthless.
I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.
If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.
This isn't a matter of opinion, it's a matter of common sense.
They wouldn't be worthless, that would likely mean that one dollar will buy then 10 times less than it can buy now. If we assume that Bitcoin value itself doesn't change, of course
Thats a great point. How come fiat or dollars becomes useless where in fact the value of bitcoin is $10,000 dollars. It simply means that bitcoins value is based on dollar and that bitcoin is still backed up by dollar. If there will be no fiat currency or dollar currency then we are no longer going to mention dollars in the first place. Only if bitcoin becomes independent of fiat currency and becomes a legal tender thats the time that fiat currency will be worthless
Bitcoin is only priced in dollars, but in no case its value is based on the dollar and still less backed up by the dollar. Folks, are you really that dumb? If something is priced in some currency, does it mean that its value is based on that currency (let alone backed up by it)? Will a Ferrari be less valuable if it is no longer priced in Euro and starts being priced in the US dollar?
Basically, currency is a tool (a unit of account, in economic terms) which only establishes a correspondence between values of things
If fiat worthless it mean there's no fiat and bitcoin can not exchange to fiat
So just use bitcoin directly to buy goods, its just simple right. I think to make fiat worthless bitcoin must be reach $1.000.000 because the amount of fiat that spread in the world is too much. Anyway fiat will be worthless because of inflation. 
If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.
This isn't a matter of opinion, it's a matter of common sense.
Thats a great point. How come fiat or dollars becomes useless where in fact the value of bitcoin is $10,000 dollars. It simply means that bitcoins value is based on dollar and that bitcoin is still backed up by dollar. If there will be no fiat currency or dollar currency then we are no longer going to mention dollars in the first place. Only if bitcoin becomes independent of fiat currency and becomes a legal tender thats the time that fiat currency will be worthless.
If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.
That is a good observation, in fact this does not make much sense. To get to the point of being worthless, Fiat would have to have its value reduced to zero, and this probably will not happen soon, as it is a currency with worldwide adoption. People actually use it and depend on it to live.This isn't a matter of opinion, it's a matter of common sense.
If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.
That is a good observation, in fact this does not make much sense. To get to the point of being worthless, Fiat would have to have its value reduced to zero, and this probably will not happen soon, as it is a currency with worldwide adoption. People actually use it and depend on it to live. This isn't a matter of opinion, it's a matter of common sense.
I don't agree with that statement. If bitcoin price will be $10.000 it will be useless without fiat. All cryptocurrencies has a conversion to fiat. If fiat would be useless, all banks and even world banks would be useless also. See the point?
You have the point and that's why fiat will never be worthless whether the price of bitcoin will be one million dollars. Still fiat needs to exist because it is the measurement of the price of bitcoin. Maybe for us users of bitcoin we can just boycott fiat and total forget about it but those people who don't know bitcoin, still they will need to use fiat.
This is exactly true. As long as majority of the people still rely on physical exchange and transaction,
fiat will never be worthless. So even if bitcoin exceeds the 10k mark, thr fact that we still need to exchange btcs to real
money most of the time, tells us that the age of cryptocurrency still is a long way ahead
Exactly, we really need local fiat money since we use it in our daily life with our daily needs, bitcoin is just a virtual money which we converted to our local money to use, and even if the bitcoin reaches and greater than $10.000, those who are not using internet or does not have internet access for sure they can't have it and do not know it.
Bitcoin is more just a virtual currency it is also a good investment but it will never make the usage of fiat be worthless at all. And besides it's price is depending on how the market of fiat (dollar) is good. So, even we are benefiting with the usage of bitcoin but we can't easily make the value of fiat to be worthless as we think.
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