Topic: If bitcoin price is $10.000, will fiat be worthless? - page 68. (Read 145035 times)
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).
First btc has to be that price,second true is that fiat is worthless already,negative interest rates,debt,currency wars .It is going nowhere,practically debt is money now,debt not possible to repay
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.
I think there may be a price of 10000 it takes 5 years
impossible if the price up to 10 000, up to 2000 alone difficult 
2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.yes, up to the 2k course could wait until 3 to 5 years
impossible if the price up to 10 000, up to 2000 alone difficult
2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.yes, up to the 2k course could wait until 3 to 5 years
impossible if the price up to 10 000, up to 2000 alone difficult
2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.impossible if the price up to 10 000, up to 2000 alone difficult
2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.impossible if the price up to 10 000, up to 2000 alone difficult
2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.
impossible if the price up to 10 000, up to 2000 alone difficult
Fiat money will not be worthless because it is used to pay taxes and has gov support etc.
though if people will use it for buying stuff and paying taxes then bitcoin will be as usual money and there will be no need to have any fiat or any other ways of paying i dont think that fiat would be worthless if the price grew to 10 thousand dollars per bitcoin but in my opinion bitcoin would be used way more often than it is used right now
No, i dont agree. the value of one bitcoin doesnt devalue fiat. if bitcoin was worth a million dollars each. it would work the same way as today but the amount of coins traded in every transaction would be much much smaller. we would trade in satoshis instead of bits.
Correct. Bitcoin whethers it has a low or high value, it will never be a threat to fiat money. People who think Bitcoin will in fact make fiat less popular or replace it completely are simply living in a dream. It will never happen.
Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000
You obviously forget that all people simply can't hold 100 bitcoins since there are only 21 million bitcoins and over 7 billion people out there, which amounts to miserable 0.003 BTC per capita...
Sometimes you'd better constrain your imagination, lol
Oh come on you take it seriously?
For real? OMG!!
If wishes were horses, beggars might ride
Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000
You obviously forget that all people simply can't hold 100 bitcoins since there are only 21 million bitcoins and over 7 billion people out there, which amounts to miserable 0.003 BTC per capita...
Sometimes you'd better constrain your imagination, lol
Oh come on you take it seriously?
For real? OMG!!
No, i dont agree. the value of one bitcoin doesnt devalue fiat. if bitcoin was worth a million dollars each. it would work the same way as today but the amount of coins traded in every transaction would be much much smaller. we would trade in satoshis instead of bits.
That's correct. Bitcoin is not in a position to replace fiat in any way. Fiat's role in the current financial system is too important and bitcoin nor are creditcards etc. able to repalce it. At best they can get a bigger chunk of the transactions where fiat is used.
But replacing or making fiat worthless is a no brainer.
No, i dont agree. the value of one bitcoin doesnt devalue fiat. if bitcoin was worth a million dollars each. it would work the same way as today but the amount of coins traded in every transaction would be much much smaller. we would trade in satoshis instead of bits.
Fiat money will not be worthless because it is used to pay taxes and has gov support etc.
Yeah fiat holds support from Government and they will never stop printing fiat in future, as when it comes to fiat the control is in the hands of Government.
but it's one that makes fiat will remain useful, they are under the government and all the people using it. whereas only virtual currency bitcoin, so it will have no effect on fiat. but if bitcoin recognized government, fiat could just is worthless
Fiat money will not be worthless because it is used to pay taxes and has gov support etc.
Yeah fiat holds support from Government and they will never stop printing fiat in future, as when it comes to fiat the control is in the hands of Government.
Fiat money will not be worthless because it is used to pay taxes and has gov support etc.
Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000
You obviously forget that all people simply can't hold 100 bitcoins since there are only 21 million bitcoins and over 7 billion people out there, which amounts to miserable 0.003 BTC per capita...
Sometimes you'd better constrain your imagination, lol
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