If bitcoin price is $10.000, will fiat be worthless? - page 83.

Hirose UK

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Quote from: Amph on December 13, 2015, 05:56:34 AM

bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so

yeah that's right.
I think fiat will survive in hundreds years and won't be worthless.

if bitcoin ever reach $10.000/bitcoin, fiat currency won't be worthless either as long as people convert bitcoin to fiat

stromma44

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Quote from: chaser15 on March 16, 2016, 11:16:28 AM

Quote from: RealPhotoshoper on March 15, 2016, 01:07:42 PM

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?

114 people dont think that fiat would be worthless if bitcoin reach $10000
you got your poll,you get the answer,and lets hope that will be happen next year Grin

but i have no mind why people pick the first poll,that mean some people still believe that fiat would be worthless,they have a big dream,and put big hope in bitcoins, respect it.

Respect is not the issue here. We are just stating them some nice facts. It's better to clear them about some fairy tale thoughts in order to become a matured person here in crypto world.

Yeah, we need to be practical and believe in reality, we want that bitcoin should be widely used and accepted but that doesn't mean that fiat will simply disappear, it will always survive.

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Quote from: romero121 on March 16, 2016, 10:21:03 AM

Quote from: MaritiJames3 on March 15, 2016, 10:58:00 AM

In my opinion the fiat will be worthless than because the bitcoin would than already has been grown to a big currency if you ask me.
The fact is also that it also lays how the fiat is by than if you ask me.

At any point of bitcoin's growth, fiat won't be considered worthless. You just think about the bitcoin, already it has grown high. Till now it has not made the fiat value down.

Pretty much had the same in mind.

Fiat will never be considered worthless nor it will be in the next whatever years to come. The banks will keep pumping and people will pay some forms of it back through the vicious cycle with our us treasury / irs basically.

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Quote from: RealPhotoshoper on March 15, 2016, 01:07:42 PM

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?

114 people dont think that fiat would be worthless if bitcoin reach $10000
you got your poll,you get the answer,and lets hope that will be happen next year Grin

but i have no mind why people pick the first poll,that mean some people still believe that fiat would be worthless,they have a big dream,and put big hope in bitcoins, respect it.

Respect is not the issue here. We are just stating them some nice facts. It's better to clear them about some fairy tale thoughts in order to become a matured person here in crypto world.

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Quote from: MaritiJames3 on March 15, 2016, 10:58:00 AM

In my opinion the fiat will be worthless than because the bitcoin would than already has been grown to a big currency if you ask me.
The fact is also that it also lays how the fiat is by than if you ask me.

At any point of bitcoin's growth, fiat won't be considered worthless. You just think about the bitcoin, already it has grown high. Till now it has not made the fiat value down.

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Quote from: RealPhotoshoper on March 15, 2016, 01:07:42 PM

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?

114 people dont think that fiat would be worthless if bitcoin reach $10000
you got your poll,you get the answer,and lets hope that will be happen next year Grin

but i have no mind why people pick the first poll,that mean some people still believe that fiat would be worthless,they have a big dream,and put big hope in bitcoins, respect it.

I also think it will be. But Bitcoin cant be the price of 10.000. Or it will take a long time and that will be not good.
I hope that more people will also know that it is not possible. Because as you can see now, you see that the value is slowly rising.

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Quote from: RealPhotoshoper on March 15, 2016, 01:07:42 PM

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?

114 people dont think that fiat would be worthless if bitcoin reach $10000
you got your poll,you get the answer,and lets hope that will be happen next year Grin

but i have no mind why people pick the first poll,that mean some people still believe that fiat would be worthless,they have a big dream,and put big hope in bitcoins, respect it.

Simpke you can replace fiat over night so i dont think that it will happen at all

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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?

114 people dont think that fiat would be worthless if bitcoin reach $10000
you got your poll,you get the answer,and lets hope that will be happen next year Grin

but i have no mind why people pick the first poll,that mean some people still believe that fiat would be worthless,they have a big dream,and put big hope in bitcoins, respect it.

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Quote from: n0ne on March 15, 2016, 10:30:47 AM

Both are different forms of currency. So growth of one will not make other worthless. Sometimes little impact might be experienced over the other.

So where will bitcoin will get it's $10,000 value?

Bitcoin will be 1:1 in payment if fiat will be worthless and all stores will accept bitcoin. No more $1000, $2000 or higher price. Just 1:1.

After some long long wait, the bitcoin technology wins but not with the price. It's still the same. The difference is just we have a digital money.

MaritiJames3

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In my opinion the fiat will be worthless than because the bitcoin would than already has been grown to a big currency if you ask me.
The fact is also that it also lays how the fiat is by than if you ask me.

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Both are different forms of currency. So growth of one will not make other worthless. Sometimes little impact might be experienced over the other.

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Quote from: Laosai on March 15, 2016, 06:19:05 AM

The main consequence of btc worth 10k$ wouldn't be the uselessness of fiat, but the independency of btc =D

totally agree with you fiat will not become worthless. but bitcoin will become popular. and all currencies will depend on bitcoin. cannot imagine it. how about situation of the world do you think if that happen ?

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Quote from: Bettwarm on March 15, 2016, 06:12:12 AM

Quote from: sallymeeh27 on March 11, 2016, 11:31:18 AM

It will only be worthless maybe because they no longer use this fiat, but as for me I dont thhink so because this will all be present even during the rise of value for bitcoin. This still present for institutions will still honor business transaction using fiat money, its just that bitcoin will be more then..

The fiat will worth less and less in the future. The centreal banks can print the fiat as they wish, so it has no value.

*applause*

Somebody gets it. Thank you

vero

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Quote from: Bettwarm on March 15, 2016, 06:12:12 AM

Quote from: sallymeeh27 on March 11, 2016, 11:31:18 AM

It will only be worthless maybe because they no longer use this fiat, but as for me I dont thhink so because this will all be present even during the rise of value for bitcoin. This still present for institutions will still honor business transaction using fiat money, its just that bitcoin will be more then..

The fiat will worth less and less in the future. The centreal banks can print the fiat as they wish, so it has no value.

how can fiat will worth less in the future like you said if fiat has no value, it's same like we will back like in the year 1900 when people using gold for every transaction and i'm sure gold value will high.

Laosai

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The main consequence of btc worth 10k$ wouldn't be the uselessness of fiat, but the independency of btc =D

Bettwarm

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Quote from: sallymeeh27 on March 11, 2016, 11:31:18 AM

It will only be worthless maybe because they no longer use this fiat, but as for me I dont thhink so because this will all be present even during the rise of value for bitcoin. This still present for institutions will still honor business transaction using fiat money, its just that bitcoin will be more then..

The fiat will worth less and less in the future. The centreal banks can print the fiat as they wish, so it has no value.

sallymeeh27

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It will only be worthless maybe because they no longer use this fiat, but as for me I dont thhink so because this will all be present even during the rise of value for bitcoin. This still present for institutions will still honor business transaction using fiat money, its just that bitcoin will be more then..

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Quote from: blackmachinegun on March 11, 2016, 10:49:25 AM

Quote from: hasiramasenju on March 10, 2016, 11:23:10 PM

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 would not agree with that statement also because bitcoin prices would never reach to $10000 yet at least for next 3 or 4 years so i think fiat would not become worthless

what if it really happened in a few more decades. I also think that it is impossible. bitcoin prices in the next 10 years lol. but how if the price of bitcoin at least more than $ 3,000. whether Fiat will start in left or will become worthless?

If fiat will become worthless, that $3000 value or even $100000 are pretty useless because fiat will have now lower value.

If that is happen, only bitcoin will use for transaction. The rate will be 1:1.

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Quote from: hasiramasenju on March 10, 2016, 11:23:10 PM

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 would not agree with that statement also because bitcoin prices would never reach to $10000 yet at least for next 3 or 4 years so i think fiat would not become worthless

what if it really happened in a few more decades. I also think that it is impossible. bitcoin prices in the next 10 years lol. but how if the price of bitcoin at least more than $ 3,000. whether Fiat will start in left or will become worthless?

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More importantly remove the thoughts of having a price of $10,000 per on bitcoin. Focus first on $1000 value. To reach that $10,000, it will take half a century if the trend will always goes positive.

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