If bitcoin price is $10.000, will fiat be worthless? - page 67.

vero

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Quote from: avikz on June 04, 2016, 03:17:20 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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

if there is one country would adopt as their currency bitcoin might usd would be not worth and this make me think whether bitcoin will remain as a digital currency, or will be paper money.

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Quote from: Denker on June 04, 2016, 03:55:53 AM

Quote from: avikz on June 04, 2016, 03:17:20 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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

Well if that's the case, say goodbye for people's desire of a skyrocket price.

Make sense.

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Quote from: BitcoinPaw on June 04, 2016, 07:52:26 AM

I don't think so, bitcoin is depend on fiat and can't change price of dollar for expamlpe , but if bitcoin will be accepted by some countries as legal currency, maybe it will change something.

I think it was wrong or i am wrong but i in my opinion bitcoin doesnt depend on fiat ,it depends on the investors and also the users to make it more higher .so that even the bitcoin price would reach that price value fiat will still worth. We can buy things with bitcoins but the fact that not all things or needs will be bought by bitcoins.

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Quote from: Denker on June 04, 2016, 03:55:53 AM

Quote from: avikz on June 04, 2016, 03:17:20 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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

Or something else comes to get measured in bitcoins. Even simpler than that

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BitcoinPaw

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I don't think so, bitcoin is depend on fiat and can't change price of dollar for expamlpe , but if bitcoin will be accepted by some countries as legal currency, maybe it will change something.

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Quote from: Ains_sama on June 04, 2016, 03:49:33 AM

today USD crass and bitcoin rise
it's normal friend.

USD is always been there to support other currencies as well not just bitcoin, but I don't think USD is on crash. US today I can say, it is has a stable
economy. And bitcoin will surely rise in the future but even bitcoin will reach that amount of $10k.
Fiat will still be needed in the economy.

Denker

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Quote from: avikz on June 04, 2016, 03:17:20 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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

Ains_sama

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today USD crass and bitcoin rise
it's normal friend.

tabas

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Quote from: avikz on June 04, 2016, 03:17:20 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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

Yeah that's the most simplest way of explaining about the importance of fiat for the value of bitcoin.
Simple as that bitcoin's value refers to USD which is fiat, so when fiat become worthless what would be the value of bitcoin.

avikz

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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?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

tabas

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Quote from: ning_chang on June 04, 2016, 12:43:01 AM

Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

Well we can't say what bitcoins price is going to be, there is a possibility that bitcoin will reach that price, but we don't know when it is going to happen
if that price will happen to bitcoin most of the bitcoiners will surely become rich.

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The market capitalization of all the currencies circulating in the world right now is around $10 trillion, and it is increasing at a rate of approx. 5% per year. Suppose BTC is going to replace fiat by 2030. By then, the market cap might have increased to $20 trillion, which means that each BTC will be worth more than $1,000,000.

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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 idea I'd be having so much fun with the 'trophy wife' and the yacht....would not know till the end of the month when my
CPA would inform me of my growing wealth.

(Never could figure that out ..but seems you get a couple million dollars and suddenly you are MUCH more attractive...go figure?)

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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?

I disagree with this agreement because I believe that a bitcoin's value should be a lot more than the current level, and way more than $10,000 a coin, even. And that is before inflation USD.

While fiat currencies do depreciate over time, and bitcoin will retain its value, i just believe that bitcoin is extremely undervalued still.

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Quote from: ning_chang on June 04, 2016, 12:43:01 AM

Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

bitcoin was already at $1200, now $600 again it can hit $10k i the future,$ 10k is not that high

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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?

Actually its tough to reach 10k price first of all, because 1k was reached and a lot of hyped was there.
Even if it gets there ( I hope so

) then I think its difficult to replace or vanish fiat, because its what users's basic currency.

ning_chang

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Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

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Quote from: rio3233 on June 03, 2016, 09:48:51 PM

Quote from: goldcoinminer on June 03, 2016, 02:30:04 AM

Quote from: yolanda222 on June 03, 2016, 01:38:40 AM

I think there may be a price of 10000 it takes 5 years

In 5 years time you are talking is still a short time to turn the current price to that high, that is unrealistic on my opinion as it does not fit with the trend now, let's just hope it will increase in the next five years but not that big amount. However, if that amount will hit, fiat will still not be worthless.

Yeah it's too short to predict the bitcoin's price. I'm not sure the price of bitcoin can reach $10.000 prr bitcoin on that year.

If the price will reach that level, I would presume that there are already a massive adoption that is happening but still the FIAT will not become worthless as base of the total population of the world majority cannot adopt in bitcoins.

rio3233

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Quote from: goldcoinminer on June 03, 2016, 02:30:04 AM

Quote from: yolanda222 on June 03, 2016, 01:38:40 AM

I think there may be a price of 10000 it takes 5 years

In 5 years time you are talking is still a short time to turn the current price to that high, that is unrealistic on my opinion as it does not fit with the trend now, let's just hope it will increase in the next five years but not that big amount. However, if that amount will hit, fiat will still not be worthless.

Yeah it's too short to predict the bitcoin's price. I'm not sure the price of bitcoin can reach $10.000 prr bitcoin on that year.

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Quote from: Dud3 on June 03, 2016, 08:51:07 AM

No, it isn't going to be worthless, but how will the price manage to go up so high? It isn't going to be soon (maybe not at all).

It is all in the mind.
When Bitcoin was $1, nobody thought it could get to $1000.
But it did get there, eventually.

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