Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
Absolutely, the value of bitcoin is always connected in fiat so btc might become worthless but not the fiat itself. those who will get affected in increase of value of btc are only the users of it.
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 59. (Read 145059 times)
Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
Absolutely, the value of bitcoin is always connected in fiat so btc might become worthless but not the fiat itself. those who will get affected in increase of value of btc are only the users of it. 
Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
People may think that fiat will become useless but that is not so because of the current popularity of bitcoin being so low in several undeveloped, being developed countries where the below-poverty line population is huge. They dont even know about computers, they like green cash and not some cybergeek money which floats in thin air - they have to work hard to earn money as well and they are not educated much. There will never accept bitcoin and hence fiat will still remain largely popular throughout the world for at least a century.
Quite literally, if you bitcoin is worth $10,000, then fiat (Dollars at least) are worth something. Specifically, $10,000 would be worth BTC1.
The reality is, you don't fiat to become worthless. The wealth and power in this world won't just go away if fiat becomes worthless. Instead, they'll begin to flocking to that which has value (i.e., bitcoin in your scenario). You want bitcoin to gain in valuable but stay enough below the radar that no one tries to mess with it, control it as is done with fiat.
The reality is, you don't fiat to become worthless. The wealth and power in this world won't just go away if fiat becomes worthless. Instead, they'll begin to flocking to that which has value (i.e., bitcoin in your scenario). You want bitcoin to gain in valuable but stay enough below the radar that no one tries to mess with it, control it as is done with fiat.
If (1BTC = $10,000 fiat) AND (fiat = worthless = 0 value) then 1BTC=$10,000 x 0 value = 0 value
Bitcoin will be worthless too!
Good math, that is actually true, maybe the OP failed to realize the simply answer of the question. Fiat will never be worthless and the big possibility is bitcoin might be worthless. The two currency will rule in the future and they are gonna stay together to deliver a more convenient way to spend our money. Bitcoin will be worthless too!
If (1BTC = $10,000 fiat) AND (fiat = worthless = 0 value) then 1BTC=$10,000 x 0 value = 0 value
Bitcoin will be worthless too!
Bitcoin will be worthless too!
Nope, fiat and bitcoins didn't linked, and increasing or decreasing bitcoin's price doesn't matter, fiat will be the same, but maybe someday bitcoin will be equal to fiat in this case.
Equal bitcoin wont be never with fiat, bitcoin its decentralized and fiat its controled by the countries. I wish bitcoin reach such value, but being realistic, bitcoin can maybe reach 2000 dollars on the next 20 years.
Nope, fiat and bitcoins didn't linked, and increasing or decreasing bitcoin's price doesn't matter, fiat will be the same, but maybe someday bitcoin will be equal to fiat in this case.
i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
Even if the price of bitcoin hits that point it wont be able to make fiat worthless because the most users of bitcoin community are using bitcoin for earning it and converting it to fiat so that they can use them so even if the price of bitcoin grows above that it wont be able to do that, unless it gets accepted everywhere in the world, so in that case even if its price crosses 2k$ it can do that easily.
And if ever fiat will be worthless, then what is the sense of $10,000 value of a single bitcoin? Others will not convert their bitcoin into fiat because on that day, fiat will now be worthless.
Also if ever fiat on that day is still on power, many people will convert their coins hence will make again be stronger much more.
With a price of 10.000$ and all bitcoins mined, there could only be 210 Billion dollars in bitcoin.
I think the world needs much more currency to trade with than there ever will be available in bitcoin.
So no, fiat will not be worthless. Bitcoin will always be the underdog.
I think the world needs much more currency to trade with than there ever will be available in bitcoin.
So no, fiat will not be worthless. Bitcoin will always be the underdog.
i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
Even if the price of bitcoin hits that point it wont be able to make fiat worthless because the most users of bitcoin community are using bitcoin for earning it and converting it to fiat so that they can use them so even if the price of bitcoin grows above that it wont be able to do that, unless it gets accepted everywhere in the world, so in that case even if its price crosses 2k$ it can do that easily.
it will not going to be worthless but people will use bitcoin more
i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
For now we can not say that the price of bitcoin will increase in 10k value but it can be still possible in the future if almost half of the world are using bitcoin as payment processor and transferring funds to other country or even using it for paying a services or buying something online.. so if many people are using bitcoin the price will increase and 10k value can be happen in the future.
Not necessarily, BTC has moved from a penny to more than a thousand dollars in value at one time and Fiat was still worth the same, it's just about the demand and if it's increasing then BTC value would rise, not necessarily impacting fiat though and it can maintain the same value as it used to.
i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i thinki also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country
It is something unreal to bitcoin would be 10.000$. And if it happen and many people will try to fiat in the same moment - collapse is possible. And probably not just collapse, economy crashing as well. It's gonna be new the bladder.
A few years ago, I thought it would be impossible for the bitcoin price to be over $100. Now the price is $500.
Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i thinki also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country
Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i thinki also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country
Jump to: