Topic: If bitcoin price is $10.000, will fiat be worthless? - page 36. (Read 145035 times)
I think such high price for bitcoin would provoke world's economic collapse. Cause of in the case of price 10000$ many people would cash out their bitcoins to not skip that chance. Some of them would become millionaires. But I think the government will ban bitcoin in the case of such huge price.
I don't think so, but it's price would be lower than it is now
Fiat will not be worthless and the simple reason for that is on the basis that its something that have been with us for long and humans over the years with the slow process of adaption have come to make it part of our life anything that wants to come in form of currency will only compete for space and nothing else... Another reason again is the fact that Fiat is not universal across the world this important factor will not make it easy to be abolished as different societies attach different sentiments to their currency...
Quote
Bitcoin will be seen as an alternative many many as a mode of investment and if you are really into it you would know that.
Shots fired 
Yes, I know bitcoin can be used as an investment, but that's due to its instability. If bitcoin stables out and gets adopted as a currency instead of it being used as an investment/speculation it could be used a a regular currency and it would become nearly impossible to use it as an investment. And yes, I believe the point of bitcoin is to be used as a currency, not an unstable investment.
I don't think it would really be the case
If Bitcoin value becomes rock-solid (sort of frozen), it won't in the least mean that its price will be as stable. You obviously seem to forget that the Bitcoin market is not a thing unto itself, and Bitcoin price would still be quoted in some currency (say, the US dollar). The latter necessarily implies that Bitcoin will remain as volatile as that currency. You might know (or want to know if you don't) that the most traded currency in the Forex market is the US dollar, and its trading volume averaged 5.1T dollars daily in April 2016. So there is absolutely no reason to think that Bitcoin could ever lose popularity as investment for its value stabilizing (which is highly debatable and dubious itself)
Quote
Bitcoin will be seen as an alternative many many as a mode of investment and if you are really into it you would know that.
Shots fired Yes, I know bitcoin can be used as an investment, but that's due to its instability. If bitcoin stables out and gets adopted as a currency instead of it being used as an investment/speculation it could be used a a regular currency and it would become nearly impossible to use it as an investment. And yes, I believe the point of bitcoin is to be used as a currency, not an unstable investment.
I don't think so, but it's price would be lower than it is now
The price of bitcoin will be strong as long as people are interested in it and it wont go down any time soon if that is what you are trying to tell.No, fiat is going to be around for a long time. I think the better question is: if Bitcoin is worth 10,000$ will it become a recognized alternative to fiat? 'Cause we aren't even there yet.
Bitcoin will be seen as an alternative many many as a mode of investment and if you are really into it you would know that.If the world is to accept digital currency rather than fiat it is going to take a really long time.
No, fiat is going to be around for a long time. I think the better question is: if Bitcoin is worth 10,000$ will it become a recognized alternative to fiat? 'Cause we aren't even there yet.
I don't think so, but it's price would be lower than it is now
I don't think so.
Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
No, I dissagree with you. Fiat is getting worthless now. When the government print fiat the price will automaticaly decrease. We can use bitcoin in some online shop directly. I am sure that fiat/paper money will be un used anymore. Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
This is a very primitive attitude
Central banks themselves create also only a small part of what is being used of money in the economy. Indeed, they can run quantitative easings or similar things which directly hit money circulation and the value of money, but other than that, most of money is created by the commercial banks. And they can not only create new money (when they make loans) but also destroy old money as well, as it were (when the loans are paid back). So it is by far more intricate than you may think
I don't think so.
Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
No, I dissagree with you. Fiat is getting worthless now. When the government print fiat the price will automaticaly decrease. We can use bitcoin in some online shop directly. I am sure that fiat/paper money will be un used anymore. Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
I don't think so.
Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
yes the importance of fiat cannot be ignore any cost, as majority of the people do not know about bitcoin and so many people find it hard to use internet for using bitcoin there fore they are giving preference to fiat. Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
No matter what may be the price of bitcoins , it will be not be able to compete with the fiat .because of fiat there will be control of government would not risk it to loose it up.
You are right, that's why there are a lot of people will still use fiat whatever will be the price of bitcoin. And I hope that price of $10,000 is going to be possible and the future, and maybe I am still with bitcoins by that time and I have some holdings of bitcoin. But still fiat will remain on that day and it will not be worthless unless the government will declare it.
You're right, as long as there is government and fiat currency. It is impossible to imagine a state without a currency, which is controlled by the government
But the most priority currency will still be fiat even though bitcoin is a very good way to exchange transactions still the people will still rely on fiat. Just like what you have because the government has control for it unlike if they are going to implement total usage of bitcoin it will hard for them to regulate it because of its decentralization.
I don't think so.
Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
Bitcoin will never defeat fiat just because it had a high price.
Fiat will always be there for us, you know, in case if we want to convert our bitcoin into fiat.
If you are believing that bitcoin will make fiat worthless then you are over reacting for bitcoin because that doesn't make sense and the government from all over the world will never let that happen for fiat.
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
This is totally insane. In my opinion, USD is still USD, but other FIAT which can stand Bitcoin will have to die. I have used Dollar for many years and I think the death of USD can barely happen. Dollar have existed on this planet for more than 100 years and most of the countries on this planet still use it as an optional currency and hold it as a type of saving moneyAnd I don't believe that other fiat will ever die also because of bitcoin. Whatever will be the price of bitcoin in the future.
I still believe that there is always a need for fiat money in the economy of a country and also bitcoin is going to be a good choice and help for it.
With your local currency, don't be happy that your currency is weaker than dollar, it just signifies that your economy is falling down and US isn't.
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
This is totally insane. In my opinion, USD is still USD, but other FIAT which can stand Bitcoin will have to die. I have used Dollar for many years and I think the death of USD can barely happen. Dollar have existed on this planet for more than 100 years and most of the countries on this planet still use it as an optional currency and hold it as a type of saving money
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
This is totally insane. In my opinion, USD is still USD, but other FIAT which can stand Bitcoin will have to die. I have used Dollar for many years and I think the death of USD can barely happen. Dollar have existed on this planet for more than 100 years and most of the countries on this planet still use it as an optional currency and hold it as a type of saving money 
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
uh? bitcoin price is based on what people are willing to offer for one coin, not on fiat, right now it's based on fiat because it's more convenient for trading and for peope that are new to this world
in the future if fiat collapse because bitcoin reached 1M usd, then people will simply exchange bitcoin for what they thing it's worth exchanging, like when there was barter
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
Ya it is true that not only Bitcoin is priced for us dollar but also to other fiat currency according to their respective country, and i agree that still bitcoin price is valued in fiat currency so i dont think that it will dies , why even gold , silver and diamond are precious but still fiat is available. Bitcoin is different and fiat currency is different.
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
Indeed. Yes bitcoin has a lot of advantages but still fiat is the more comfortable one to transact, especially if you will just buy a cheap item in one store you don't need to wait for the confirmation before you can buy it. Confirmation sometimes takes time so it is not advisable, that is why we should not eliminate fiat in our life.
I think if fiat will be worthless then so the bitcoin too. Bitcoin's price is based on us dollar and us dollar is a currency used by america which is fiat. And currently it is difficult to use bitcoin in the real or physical world without converting it to fiat first. If fiat will be worthless then we can't also use our bitcoin.
No matter what may be the price of bitcoins , it will be not be able to compete with the fiat .because of fiat there will be control of government would not risk it to loose it up.
You are right, that's why there are a lot of people will still use fiat whatever will be the price of bitcoin. And I hope that price of $10,000 is going to be possible and the future, and maybe I am still with bitcoins by that time and I have some holdings of bitcoin. But still fiat will remain on that day and it will not be worthless unless the government will declare it.
You're right, as long as there is government and fiat currency. It is impossible to imagine a state without a currency, which is controlled by the government
But the most priority currency will still be fiat even though bitcoin is a very good way to exchange transactions still the people will still rely on fiat. Just like what you have because the government has control for it unlike if they are going to implement total usage of bitcoin it will hard for them to regulate it because of its decentralization.
As described fiat will be the most used currency of all time, though bitcoin and other digital currency gets used by more common people. The reason is that bitcoin cannot be used by people who are not into technology. Also for transaction bitcoin gets preference than as a currency.
Jump to: