Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000
Now all now will convert. If you are into economics you can really sees that this will have a big effect to current fiat reserves.
Really a "serious" effect.
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 69. (Read 145035 times)
When the bitcoin price is 10,000 dollars, the market cap is still just 170 billion dollars, small portion of the whole wealth.
It can even reach $100,000, that would still be 99.99% paper wealth. In fact, increase in price only leads to increase in illusory wealth
When the bitcoin price is 10,000 dollars, the market cap is still just 170 billion dollars, small portion of the whole wealth.
this.
for fiat to be worthless, bitcoin needs to be closer to $1,000,000
When the bitcoin price is 10,000 dollars, the market cap is still just 170 billion dollars, small portion of the whole wealth.
The chance is really low that it can reach that high value and you have to look at the value now and you see that it was stable for a long time so it needs a longer time to get a higher value.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
10k usd is not a small amount and nor it can be achieved so easily, bitcoin surely has that potential to achieve it but no one knows when that time will come.
The chance is really low that it can reach that high value and you have to look at the value now and you see that it was stable for a long time so it needs a longer time to get a higher value.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
10k usd is not a small amount and nor it can be achieved so easily, bitcoin surely has that potential to achieve it but no one knows when that time will come.
The chance is really low that it can reach that high value and you have to look at the value now and you see that it was stable for a long time so it needs a longer time to get a higher value.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
10k usd is not a small amount and nor it can be achieved so easily, bitcoin surely has that potential to achieve it but no one knows when that time will come.
The chance is really low that it can reach that high value and you have to look at the value now and you see that it was stable for a long time so it needs a longer time to get a higher value.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.
Fiat will never be worthless. It is what the world uses, has used, and will use for the foreseeable future. Even if bitcoin's price reaches stratospheric heights, fiat will always be around. I see bitcoin more of an investment rather than something that could take the place of fiat. I love the technology behind bitcoin and blockchain, the same as I love fiat.
Fiat can never be worthless regardless how much 1 bitcoin is worth
In the end we all want to make lots of $$$$ from our bitcoins and altcoins so we can spend our fiat on a daily basis which crypto can't buy
In the end we all want to make lots of $$$$ from our bitcoins and altcoins so we can spend our fiat on a daily basis which crypto can't buy
the bitcoin price will be hit $10.000 and the fiat still worthed
That's right, even it reaches $10,000 equivalent to 1 btc.
Fiat will still be worth it and very useful.
Yeah fiat will be used everywhere even if the price of bitcoin reaches to $10k as the users of fiat are more and bitcoin to reach $10k price will take a enough time.
Its true, fiat will never be worthless in my own opinion, bitcoin and fiat are both good in transactions so we need to keep both for us to have a variety of choice when doing transactions.
the bitcoin price will be hit $10.000 and the fiat still worthed
That's right, even it reaches $10,000 equivalent to 1 btc.
Fiat will still be worth it and very useful.
Yeah fiat will be used everywhere even if the price of bitcoin reaches to $10k as the users of fiat are more and bitcoin to reach $10k price will take a enough time.
Nope. Doesn't matter how much BTC you own, in the end you'll need fiat when you need something.
I agree, though we have a lot of bitcoins in the future we still need to convert it into fiat to spend our money as not everyone is accepting bitcoins. Actually, it is even better to have a lot of payment processor so we can choose where we are comfortable in using it, don't expect that all the people will adopt bitcoins even if we go full digital as there are other coins that has potential now that might also succeed in the future. As long as these things will help improve our community then its better.Guys, what are you talking about?!
20 years ago there was just few places where you can pay with debit/credit card - like now it is with Bitcoin. In next 20 years you will pay with Bitcoin everywhere!
But price of Bitcoin have nothing to do with fiat price. With time fiat price can be even higher - because of collectible value..
the bitcoin price will be hit $10.000 and the fiat still worthed
That's right, even it reaches $10,000 equivalent to 1 btc.
Fiat will still be worth it and very useful.
the bitcoin price will be hit $10.000 and the fiat still worthed
The chance is really low that it can takes a long time until the value will reach that high value and it is almost impossible to reach that high value because it was stable for a long time.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.
Fiat will still be the top currency in the world. Even bitcoin reaches to 10,000$ it will still remains the same and just could be a 2nd currency.
Fiat will still worth for all the people of the world, just like gold even gold has a very big value, it didn't make fiat worthless.
The chance is really low that it can takes a long time until the value will reach that high value and it is almost impossible to reach that high value because it was stable for a long time.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.
Nope. Doesn't matter how much BTC you own, in the end you'll need fiat when you need something.
I agree, though we have a lot of bitcoins in the future we still need to convert it into fiat to spend our money as not everyone is accepting bitcoins. Actually, it is even better to have a lot of payment processor so we can choose where we are comfortable in using it, don't expect that all the people will adopt bitcoins even if we go full digital as there are other coins that has potential now that might also succeed in the future. As long as these things will help improve our community then its better.
Nope. Doesn't matter how much BTC you own, in the end you'll need fiat when you need something.
Dollar is the most widely favoured currency by criminals because its the easiest to launder the proceeds of as the largest and most widely distributed they can cash out and use the proceeds of a crime anywhere in the world really.
Bitcoin as its so public I think is far more dangerous to those who wish not to be noticed. A perfect operation uncovered and unwound after detection of large amounts of cash being moved would be a disaster. some of the worlds richest men have been criminals, doesnt work if everyone can see how and who they are paying off.
I dont think the US gov would have backed bitcoin or allowed it at least without considering this aspect first.
Bitcoin as its so public I think is far more dangerous to those who wish not to be noticed. A perfect operation uncovered and unwound after detection of large amounts of cash being moved would be a disaster. some of the worlds richest men have been criminals, doesnt work if everyone can see how and who they are paying off.
I dont think the US gov would have backed bitcoin or allowed it at least without considering this aspect first.
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Yeah if there's no fiat bitcoin is not worth or has no value
Bitcoin is not tied to other currencies in a fixed way, it describes trade. Most government based currency now is tied to politics and central banking, which is a long way from basic capitalism. I think bitcoin is honestly superior and less biased not reliant on the tax trade of dollars for validation Jump to: