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.
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 34. (Read 145078 times)
If fiat worthless it mean there's no fiat and bitcoin can not exchange to fiat
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Do you agree with this statement?
Don't think so. First because even will have that big amount there will be to many people on the Earth which will have not heard about it and will use fiat currency. Second because the fiat currency are money of the countries (while bitcoin is money of the people). No one country will accept to have a worthless money in which will be based its country economy. So will do everything that this money have the needed value to be used by everyone within every country.
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
yes i can also hope so, but still it do not look like so, because bitcoin is not yet used by all the people of the world and most of the people of the world still depend on fiat and those people who are using bitcoin they also use it as secondary option and the as primary. Untill that time, we will be using smart devices to pay everything with bitcoin.
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
yes i can also hope so, but still it do not look like so, because bitcoin is not yet used by all the people of the world and most of the people of the world still depend on fiat and those people who are using bitcoin they also use it as secondary option and the as primary. Untill that time, we will be using smart devices to pay everything with bitcoin.
It is still very far if we are going to look on what is happening in this world. But still bitcoin is making unexpected things so we don't know whether it will be reach to $10,000 or not but making the fiat worthless is really very far on my sight that is possible to happen. Because no matter how much is the value of bitcoin , fiat will still be needed.
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.
LOAF OF BREAD WILL COST $1,000. 
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
yes i can also hope so, but still it do not look like so, because bitcoin is not yet used by all the people of the world and most of the people of the world still depend on fiat and those people who are using bitcoin they also use it as secondary option and the as primary. Untill that time, we will be using smart devices to pay everything with bitcoin.
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
certainly before the price it happen. of course something happens. like all financial systems or digital-based online so demand bitcoin great shot that time, which makes the bitcoin currency that is widely used. and make bitcoin prices to be very highUntill that time, we will be using smart devices to pay everything with bitcoin.
I don't think bitcoin will make fiat worthless even if it is going to reach $10,00. Because the government will tell if we are going to make crypto currency worthless or not and even fiat.
But for us who uses bitcoin, even they will going to declare that bitcoin is worthless still we are going to use it.
And with bitcoin, I don't really think whatever will be the price of it, it can make fiat worthless.
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
certainly before the price it happen. of course something happens. like all financial systems or digital-based online so demand bitcoin great shot that time, which makes the bitcoin currency that is widely used. and make bitcoin prices to be very high Untill that time, we will be using smart devices to pay everything with bitcoin.
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
Not all transactions can use bitcoin, especially related to the State transaction, as long as there has been no approval from the State, bitcoin will continue like this, that is used by the community only.Untill that time, we will be using smart devices to pay everything with bitcoin.
Fiat still exist and imposible be replaced, regardless of the price of the bitcoin will not much effect for fiat money, I continue still believe that the country will continue to maintain the fiat money.
bitcoin will never be able to suck all the fiat money, they can just print more without problem
also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
how can it be worthless from now onwards .the whole global is running on fiat and some places accept bitcoins and other digital currency .and it is long way to go when fiat will become worthless.also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
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.
I guess 10 years is already enough to make the people familiar with bitcoin or any currency that is not tangible. But there are certain measurements that needed to be study for a very long time. If we are talking about bitcoins replacement of fiat, how about those people who are living in poor areas where they can't even touch any keyboard or mouse and they will be expose to bitcoins usage?
The bitcoin is almost 8 years old, but not many people know about it.
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.
I guess 10 years is already enough to make the people familiar with bitcoin or any currency that is not tangible. But there are certain measurements that needed to be study for a very long time. If we are talking about bitcoins replacement of fiat, how about those people who are living in poor areas where they can't even touch any keyboard or mouse and they will be expose to bitcoins usage?
I guess this divide is a bit xenophobic
First, there are quite a few people who have a computer (and a smartphone), but they still don't or can't have Internet access. So the division line you are talking about should be drawn not between those who have computers or smartphones and those who don't but between those with Internet access and those without it. Further, even people who have free and unlimited Internet access don't necessarily have any interest in Bitcoin and similar things. So, the divide between civilized and uncivilized people should in fact be traced between those interested in Bitcoin and having the means to obtain it and the uncivilized rest of humanity
I don't agree with that statement. If bitcoin price will be $10.000 it will be useless without fiat. All cryptocurrencies has a conversion to fiat. If fiat would be useless, all banks and even world banks would be useless also. See the point?
You have the point and that's why fiat will never be worthless whether the price of bitcoin will be one million dollars. Still fiat needs to exist because it is the measurement of the price of bitcoin. Maybe for us users of bitcoin we can just boycott fiat and total forget about it but those people who don't know bitcoin, still they will need to use fiat.
I guess 10 years is already enough to make the people familiar with bitcoin or any currency that is not tangible. But there are certain measurements that needed to be study for a very long time. If we are talking about bitcoins replacement of fiat, how about those people who are living in poor areas where they can't even touch any keyboard or mouse and they will be expose to bitcoins usage?
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
Untill that time, we will be using smart devices to pay everything with bitcoin.
I think no, the usage of bitcoin or fiat currency depends on the adoption of people on which currency they are accepting. Even if Bitcoin is $1M each if there are still a few merchants accepting bitcoin as payment, we are still forced to use currency as mode of payment. This is an indication that price of one currency is irrelevant whether the other currency will be worthless.
I don't agree with that statement. If bitcoin price will be $10.000 it will be useless without fiat. All cryptocurrencies has a conversion to fiat. If fiat would be useless, all banks and even world banks would be useless also. See the point?
You have the point and that's why fiat will never be worthless whether the price of bitcoin will be one million dollars. Still fiat needs to exist because it is the measurement of the price of bitcoin. Maybe for us users of bitcoin we can just boycott fiat and total forget about it but those people who don't know bitcoin, still they will need to use fiat.
bitcoin will never be able to suck all the fiat money, they can just print more without problem
also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
how can it be worthless from now onwards .the whole global is running on fiat and some places accept bitcoins and other digital currency .and it is long way to go when fiat will become worthless.also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
You cannot just leaving fiat and go full use bitcoin , as you cannot do much with bitcoin in real life.
We don't what will happened but to anticipate something unexpected you guys better to have both .
When bitcoin price hits 10,000$, Perhaps we will not use traditional currency (cash).
Untill that time, we will be using smart devices to pay everything with bitcoin.
Untill that time, we will be using smart devices to pay everything with bitcoin.
We will still use fiat money even if bitcoin price reach $10000/BTC1 obviously.
Because not all of citizens of the country using bitcoin and there are more places not accepted bitcoin for sure.
What may happen is bitcoiners use bitcoin more than fiat money and it's just an alternative of currency not a major.
Not everything can be purchase using bitcoin in the future.
bitcoin will never be able to suck all the fiat money, they can just print more without problem
also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
how can it be worthless from now onwards .the whole global is running on fiat and some places accept bitcoins and other digital currency .and it is long way to go when fiat will become worthless.also fiat is already worthless, but you're obligated to use it for the majority of things
if you mean collapsed, i don't think so
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