If bitcoin price is $10.000, will fiat be worthless? - page 61.

aleandromagno

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Quote from: davis196 on August 26, 2016, 12:59:55 AM

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?

No.I don`t think that fiat will become worthless.

I don`t think that bitcoin will ever reach $10,000.Maybe it will reach $1000 again.

Fiat currencies will always have value,because they are guaranteed by central banks.

You never can say "never" Wink

You think only in the perspective of your own life, but in a few dozen or a few hundred years it will change for sure! Bitcoin is just the beginning! Wink

davis196

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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?

No.I don`t think that fiat will become worthless.

I don`t think that bitcoin will ever reach $10,000.Maybe it will reach $1000 again.

Fiat currencies will always have value,because they are guaranteed by central banks.

buyinbtc

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Quote from: Mickeyb on August 25, 2016, 01:18:15 AM

worth of fiat is not dependent on bitcoin's price but on the usage.

thats true, and it will never be dependent though i hope that dollar will be screwed pretty soon and we will benefit with bitcoin

Mastsetad

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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?

Obviously not, because whatever the price of bitcoin would be it is always counted in fiat, just look at the question, "if bitcoin reaches $10,000" then what is $10,000? That is fiat, so wherever bitcoin reaches it would always be a step behind from fiat.

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Quote from: sulendra12 on August 25, 2016, 01:55:20 AM

Quote from: Mickeyb on August 25, 2016, 01:18:15 AM

worth of fiat is not dependent on bitcoin's price but on the usage.

It doesn't matter about flat if bitcoin price rises up in the future , if flat is up other flat is up too.
Same thing like cryptocurrency if bitcoin is up , the altcoin would be up too in the future. Yes , as you said is about usage.

Hard to believe that bitcoin price can reach up to $10,000 or even higher .

But once it is happened , it might affected not too much to fiat money . People will just think bitcoin as a commodity to invest instead as digital currency. I myself can not think what will happened if bitcoin price reached $10,000.

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Quote from: Mickeyb on August 25, 2016, 01:18:15 AM

worth of fiat is not dependent on bitcoin's price but on the usage.

It doesn't matter about flat if bitcoin price rises up in the future , if flat is up other flat is up too.
Same thing like cryptocurrency if bitcoin is up , the altcoin would be up too in the future. Yes , as you said is about usage.

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Quote from: Indrawan77 on December 20, 2015, 09:20:42 AM

No i don't agree, fiat money will not be affected by bitcoin
But if bitcoin price is more than 10000$ its mean you just have more money to spend it

Thats my opinion

Exactly, since Bitcoins value is based on fiat then it wouldn't really affect at all. If Bitcoins price would go higher then fiat would also increase its value for sure and take note Bitcoin depend on it. It's not possible that fiat would be useless even price would go to the moon the story would be still the same. Fiat been used already for how many centuries passed and it would hardly to remove it's worthiness.

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worth of fiat is not dependent on bitcoin's price but on the usage.

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Quote from: michelle1845 on August 24, 2016, 09:18:26 AM

Quote from: Akupuniard on August 18, 2016, 01:57:13 PM

Nope, cause bitcoin and fiat is two other sides and fiat is not depending on bitcoin but bitcoin is depending on fiat, a bit strange but it's true.

Yeah, but I think the trend is this dependency decrease over time.

Yeah exactly, we can't what is going to happen in the future. But the people are used to use fiat for a long time ago and regardless the value of bitcoin. Fiat money will always be there as a lot of people doesn't still have an idea of what bitcoin really is. But I hope the price of bitcoin is going to reach that $10,000 at all and I will happy if that happens.

XERES

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I don't agree with that statement, fiat will never worthless even each bitcoin is worth $10.000, but if this will happend I think just many country, many store that will accept bitcoin, but still fiat will never worthless IMO.

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Quote from: oceanriver on August 24, 2016, 05:46:27 PM

Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

thats right, i think right now it is possible that bitcoin will grow even more easily, and maybe even replace all the fiat in a few decades

LOL! that's too ambitious, replacing all the fiat will bring so much trouble to the world as not all can comprehend the procedures in using bitcoin, I think bitcoin is only for limited users and only those people who understand its concept, people who does not know how to use computer are not counted anymore so it is not everyone.

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Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

thats right, i think right now it is possible that bitcoin will grow even more easily, and maybe even replace all the fiat in a few decades

michelle1845

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Quote from: Akupuniard on August 18, 2016, 01:57:13 PM

Nope, cause bitcoin and fiat is two other sides and fiat is not depending on bitcoin but bitcoin is depending on fiat, a bit strange but it's true.

Yeah, but I think the trend is this dependency decrease over time.

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Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

I think the bitcoin price will rise to $900 by the end of the year if there is no bugs in the SegWit programme.

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Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

yeah, people say: "naah its never going to reach 10000 per bitcoin" while a while ago they said "naah bitcoin is never going to reach 100 dollars"

Akupuniard

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Nope, cause bitcoin and fiat is two other sides and fiat is not depending on bitcoin but bitcoin is depending on fiat, a bit strange but it's true.

Fidemoga

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Quote from: angryswamp on August 09, 2016, 10:46:53 AM

Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

thats true, i think the price might soon jump to 1000 or even more hopefully

I think the bitcoin price could rise to $1000 by the end of this year or early next year. It could be even higher.

angryswamp

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Quote from: Hanacerty on August 09, 2016, 10:27:54 AM

Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

thats true, i think the price might soon jump to 1000 or even more hopefully

Hanacerty

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Quote from: Tanic on August 07, 2016, 04:43:03 AM

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.

Dudeperfect

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No, and I can strongly defend my statement. Bitcoin is still in primary phase as compared to economic picture of the world, although having some price fluctuations I believe has it potential to be one of the major player on international level but still it can’t make fiat worthless because any point of time in the future, more people will be using fiat rather than bitcoin (or any other crypto currency). On the other side, we are in bitcoin since beginning and most of us might have good amount of bitcoin till that price mark so, fiat will be worthless for us.

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