Fiat would be worthless when Bitcoin price is worth at least a million. This would mean that inflation is getting out of control.
Fiat will still be around in decades. a success for Bitcoin in terms of value in fiat doesn’t have to be connected with losing value of fiat.
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 74. (Read 145034 times)
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat
Yeah we need fiat for sure as there are many places where only fiat can help us, and there will be many users who will feel comfortable in using fiat currency.
So if it is rising than it will takes a long time until it will reach that high value.
If bitcoin price is $10.000 the price of bitcoin is down but you seems you wrong type i think your question will be " If bitcoin price is $10,000, will fiat be worthless?" I think thats your question. If that your question my answer is. Fiat is not worthless even if the price of bitcoin is at $10,000. Because if the bitcoin is at that price we convert it to fiat so fiat is the main money of our country. So if that is the main money i think that is not worthless even if the price is high.
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat
Yeah we need fiat for sure as there are many places where only fiat can help us, and there will be many users who will feel comfortable in using fiat currency.
especially fiat very free to make payments anywhere, unlike bitcoin, is limited to transactions as payment.
No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that
$1m coin is never possible to achieve in future and even if it reaches there people will prefer to convert it to fiat, so basically fiat will always exist.
No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.
If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.
Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.
I don't see any factors that bitcoin would become a threat. They will just simply adopt it and no reason to tagged it as a "threat". The worse part here is when the time the world goverment accepts bitcoin and all of you wants that without thinking what will be the output. Because bitcoin now are truly accepted, tax and all legal terms that all currency is under will now be applied to bitcoin too.
May be it will be possible in future but I don't think it will happen soon, as still Governments of many countries have not shown any interest in bitcoin.
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.
If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.
Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.
I don't see any factors that bitcoin would become a threat. They will just simply adopt it and no reason to tagged it as a "threat". The worse part here is when the time the world goverment accepts bitcoin and all of you wants that without thinking what will be the output. Because bitcoin now are truly accepted, tax and all legal terms that all currency is under will now be applied to bitcoin too.
If Bitcoin reached $10.000, which is $10, it would be worthless. Fiat wouldn't be worthless, but Bitcoin would. If Bitcoin was $10,000, then fiat would probably still be worth something.
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.
If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.
Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
May be the day will come when people will refer to bitcoins and other coins but it doesn't mean that fiat currency will be finished. it will be less use just like people refer to use the create cards or dabet cards instead of use the fiat currency. because it is more easy than fiat currencies. but the other side, online currencies will never worthless to fiat currencies. both are necessary and we feel easy because we use the both currencies.
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.
If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.
Bitcoin won't replace fiat money as long as people measure its worth by USD.
Even you do that by creating this topic. "If bitcoin price is $10.000, will fiat be worthless?" USD is the main currency and will stay like that. They won't let it go. Or else WWIII will start.
If btc ever reaplaces bitcoin. People will ask this: "If USD price is BTCxxx, will btc be worthless?"
Even you do that by creating this topic. "If bitcoin price is $10.000, will fiat be worthless?" USD is the main currency and will stay like that. They won't let it go. Or else WWIII will start.
If btc ever reaplaces bitcoin. People will ask this: "If USD price is BTCxxx, will btc be worthless?"
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.
I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.
No. $10k is achievable just via the store of value attribute of BTC. Maybe even more.
My guess is that if BTC ever moves beyond the 1Trillion mkt cap, which would be circa $50k, then there will have been significant fiat destruction
My guess is that if BTC ever moves beyond the 1Trillion mkt cap, which would be circa $50k, then there will have been significant fiat destruction
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat
Yeah we need fiat for sure as there are many places where only fiat can help us, and there will be many users who will feel comfortable in using fiat currency.
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat
I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.
Supply and demand, bitcoin price may reach 10k but its useless if merchants don't accept bitcoin.
I think if the merchant does not accept bitcoin. of course the price will not reach that high? you know the price rise due to high demand? if none of the traders? would be less demandJump to: