If bitcoin price is $10.000, will fiat be worthless? - page 84.

BeGoods

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Quote from: JAyThaRevo on March 01, 2016, 11:14:49 AM

Quote from: BeGoods on March 01, 2016, 10:42:07 AM

Quote from: fruitcommander on February 25, 2016, 06:43:59 PM

Quote from: MTBTT on February 25, 2016, 06:25:47 PM

Quote from: srinikethan on February 19, 2016, 09:53:34 AM

yes of course it will be worthless...as i btc can earn many more if you use it in the right way!!

i think fiat will be not worthless. The price is too high for the currency

Fiat will always rule the world even if the price of bitcoin reaches the moon fiat will continue to show its power as the users of fiat are more and it will keep on increasing in near future too.

nope. I think a price of $ 10k per bitcoin. it will be very high. we would not think that fiat still exists or not. of course there is a very crazy thing will happen to the fiat that bitcoin prices can rise very high. with a price like that. bitcoin will certainly make all of the country's currency. become worthless

That's simply impossible that fiat can become worthless anytime in future, even if the bitcoin price skyrocket there would be many users depending on fiat.

it's just my view. you can see the Zimbabwe dollar, the price is 1 billion zimbabwe = 1 usd. that's why. zimbabwe dollar worthless.
if you equate with the case. fiat or dollar may also definitely be on leave or not worth ?

martinacar

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Quote from: BeGoods on March 01, 2016, 10:42:07 AM

Quote from: fruitcommander on February 25, 2016, 06:43:59 PM

Quote from: MTBTT on February 25, 2016, 06:25:47 PM

Quote from: srinikethan on February 19, 2016, 09:53:34 AM

yes of course it will be worthless...as i btc can earn many more if you use it in the right way!!

i think fiat will be not worthless. The price is too high for the currency

Fiat will always rule the world even if the price of bitcoin reaches the moon fiat will continue to show its power as the users of fiat are more and it will keep on increasing in near future too.

nope. I think a price of $ 10k per bitcoin. it will be very high. we would not think that fiat still exists or not. of course there is a very crazy thing will happen to the fiat that bitcoin prices can rise very high. with a price like that. bitcoin will certainly make all of the country's currency. become worthless

Its is not possible to reach the 10.000. Or there just have to be luck or something and it will takes a long time and that is bad.
If the value is going to rise. It takes a long time and it can also stop rising, so you never know what the value will be.

pocarime32

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I don't think it will affect fiat, even if the price of bitcoin is $100.000 it will not affect fiat. Because fiat and bitcoins are different, but if fiat something happened, bitcoin will affected.

Mr. Big

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Quote from: samanas on March 10, 2016, 04:29:00 PM

Fiat will be there for long time. When bitcoin is worth $10,000, it will be mainly used as investment. Daily transaction can use fiat.

That is true, fiat will always be there even if bitcoin price reaches its highest price.. and probably more and more people would be richer in fiat because of investing in bitcoin..So there is no reason for fiat to become worthless..

ajun96

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Quote from: TastyChillySauce00 on February 29, 2016, 08:24:53 PM

it will not giving affect to fiat because mostly of bitcoiners do exchange their bitcoins to fiat,so,at the end bitcoin is just like a good or stuff which have its price/value in fiat

agree. that time bitcoin prices rose to $ 1,200. and there is no effect whatsoever given for fiat or dollars, they remain solid and enduring. I think it would be the same if bitcoin prices soaring. Fiat will still be valuable. and many people will continue to use fiat

nostal02

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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

fiat will still be used for the next 50-100 years it will still be the main exchange factor and theres no way that the bitcoin would reach 10,000 in your lifetime.

hasiramasenju

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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 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

samanas

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Fiat will be there for long time. When bitcoin is worth $10,000, it will be mainly used as investment. Daily transaction can use fiat.

angryrob

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Quote from: EdenHazard on March 02, 2016, 02:19:54 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?

no i'm not agree,fiat will not worthless even bitcoin price up to $10000,i think fiat will always be part of economic life,and important part of economic lifecycle in this world.

That's correct, people are using fiat since a longer period of time and they will continue to use in future too, even the value of bitcoin is in millions, there would be many people who will still use fiat.

EdenHazard

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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 i'm not agree,fiat will not worthless even bitcoin price up to $10000,i think fiat will always be part of economic life,and important part of economic lifecycle in this world.

JAyThaRevo

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Quote from: BeGoods on March 01, 2016, 10:42:07 AM

Quote from: fruitcommander on February 25, 2016, 06:43:59 PM

Quote from: MTBTT on February 25, 2016, 06:25:47 PM

Quote from: srinikethan on February 19, 2016, 09:53:34 AM

yes of course it will be worthless...as i btc can earn many more if you use it in the right way!!

i think fiat will be not worthless. The price is too high for the currency

Fiat will always rule the world even if the price of bitcoin reaches the moon fiat will continue to show its power as the users of fiat are more and it will keep on increasing in near future too.

nope. I think a price of $ 10k per bitcoin. it will be very high. we would not think that fiat still exists or not. of course there is a very crazy thing will happen to the fiat that bitcoin prices can rise very high. with a price like that. bitcoin will certainly make all of the country's currency. become worthless

That's simply impossible that fiat can become worthless anytime in future, even if the bitcoin price skyrocket there would be many users depending on fiat.

BeGoods

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Quote from: fruitcommander on February 25, 2016, 06:43:59 PM

Quote from: MTBTT on February 25, 2016, 06:25:47 PM

Quote from: srinikethan on February 19, 2016, 09:53:34 AM

yes of course it will be worthless...as i btc can earn many more if you use it in the right way!!

i think fiat will be not worthless. The price is too high for the currency

Fiat will always rule the world even if the price of bitcoin reaches the moon fiat will continue to show its power as the users of fiat are more and it will keep on increasing in near future too.

nope. I think a price of $ 10k per bitcoin. it will be very high. we would not think that fiat still exists or not. of course there is a very crazy thing will happen to the fiat that bitcoin prices can rise very high. with a price like that. bitcoin will certainly make all of the country's currency. become worthless

Pattart

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Quote from: relq on February 29, 2016, 08:22:00 PM

I think the price of bitcoin will not affect the fiat. Fiat will stay the way they are. and if the price of bitcoin reach $10.000 i think many people will start using bitcoin.

will certainly impact to fiat. it is impossible not affected. if the currency becomes very large. it will invite more investors
great risk for fiat

fkvidar

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Bitcoin can never replace fiat.
but bitcoin has possibilities to replace online payment processors and credit cards.I think replacing fiat isn't possible.

Mr. Big

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Quote from: TastyChillySauce00 on February 29, 2016, 08:24:53 PM

it will not giving affect to fiat because mostly of bitcoiners do exchange their bitcoins to fiat,so,at the end bitcoin is just like a good or stuff which have its price/value in fiat

That is true, we have to admit it that there is only few stores that accept bitcoin and we really have to exchange it to fiat, and its really more like a commodity..

TastyChillySauce00

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it will not giving affect to fiat because mostly of bitcoiners do exchange their bitcoins to fiat,so,at the end bitcoin is just like a good or stuff which have its price/value in fiat

relq

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I think the price of bitcoin will not affect the fiat. Fiat will stay the way they are. and if the price of bitcoin reach $10.000 i think many people will start using bitcoin.

DeDordtenaar

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Quote from: Cryptock on February 28, 2016, 07:29:59 PM

I can't even imagine a world with 1 btc - $10,000

yeah lol agree. how the state of other currencies. other than the dolar?

1 btc = 1.000.000.000.0000 dolar zimbabwe

techgeek

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What most are forgetting are the difference between a weak fiat and strong one.

The weak one can easily be seen like zimbawabe money and unravel on its own trying to print more #`s on the damn paper.

The stronger fiat will stay in the # on its paper not following that route because its used globally which makes it harder to fail.

doctor877

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Quote from: chaser15 on February 29, 2016, 09:51:30 AM

Quote from: Newmba on February 29, 2016, 05:56:12 AM

to who? fiat money is still best money, Bitcoin enthusiasts need to be realist when it comes to the future of the currency (rather than the technology), you can't replace any fiat money with Bitcoin as of now

You got the point there. Many here just bitcoin they are earnings bitcoins think that this is enough to replace the powerful fiat.

Without fiat, bitcoin is nothing.

Yeah, fiat would keep ruling the world even in future, bitcoin will be more powerful and popular in future, but it cannot replace fiat, as majority of population believes in using fiat.

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