Bitcoin is very far from point where he could harm fiat.
If you want to buy bitcoin you need fiat..
Bitcoin is just speculation in small scale of fiat and its uses are only for getting more fiats..
Topic: If bitcoin price is $10.000, will fiat be worthless? - page 89. (Read 145034 times)
What you mean fiat,national currencys have to stay,cash has to stay Do you want Bitcoin one currency world,how do you imagine that,
The world already is moving towards a global generalization. In Europe, for example you can slowly see all the countries moving towards a single currency - the euro. And it works. Maybe bitcoin will become the only digital currency. It'll be much easier.
What you mean fiat,national currencys have to stay,cash has to stay Do you want Bitcoin one currency world,how do you imagine that,
I guess when the price of bitcoin 10k $, it will make bitcoin increasingly well known, and I think when it bitcoin already can be used in the form offline, and only businessmen and rich people who could have, and I think it's become something worthless to the lower ranks
the problem is not that it is definitely bitcoin will be very popular at that time and everyone knows about bitcoin, but if bitcoin worth that high, how the state of the dollar, and America itself?What can you imagine it going?
When the price becomes that, then we will talk about it. The price is very low to even talk about $10,000.
No defiantly not. Even then bitcoins user base will be 1000's times smaller then fiat
Yes Bitcoin cannot replace fiat currency because there are more illiterate people in the world than literate one and people are not ready to accept the change and hence Bitcoin will be like a key tool for more money for smart people.
Fiat will never really be worthless, the government is always going to want a currency it can be in control of. Maybe the traditional paper currency will become obsolete, but not worthless
If such situation happens. Bitcoin will also loss its worth. Once bitcoin reaches 10000$ at instances it will also be used as a fiat.
This will make a negative impact. If the price increase happens due to mass adaption there will be no issues, but
when mass adaption takes place automatically the value gets reduced.
This will make a negative impact. If the price increase happens due to mass adaption there will be no issues, but
when mass adaption takes place automatically the value gets reduced.
It can be.
Btc could reach this amount in two ways:
-incredible adoption right now, with a scaling btc. Btc wouldn't be produced on a sufficient amount so a crazy inflation could make the price skyrocket so hard. In this case fiat isn't worthless, it's just that btc is incredibly hype and expansive.
-If btc is used as a way to store value (as it was intended to) then imagine if USA debt HAS to be repaid. They could just print as much dollars as they want and the incredible deflation resulting could mean that dollars worth nothing. Hence btc worth lots. but it wouldn't be very profitable cause it would just mean that btc is stable and $ is shitty.
Btc could reach this amount in two ways:
-incredible adoption right now, with a scaling btc. Btc wouldn't be produced on a sufficient amount so a crazy inflation could make the price skyrocket so hard. In this case fiat isn't worthless, it's just that btc is incredibly hype and expansive.
-If btc is used as a way to store value (as it was intended to) then imagine if USA debt HAS to be repaid. They could just print as much dollars as they want and the incredible deflation resulting could mean that dollars worth nothing. Hence btc worth lots. but it wouldn't be very profitable cause it would just mean that btc is stable and $ is shitty.
I do not think that Fiat will become worthless if bitcoin hits such a price. Fiat will still be here for a lot longer than we think.
Fiat will always exist as main currency in the world. Bitcoin can't change anything about it. Bitcoin is just an alternative currency. We have to accept this.
Fiat won't become worthless even if bitcoin will be ever more than 10.000$. It can't be. The physical world needs a physical currency. It would take a few more generations for people to become accustomed to digital money only.
I do not think that Fiat will become worthless if bitcoin hits such a price. Fiat will still be here for a lot longer than we think.
Don't forget who stands behind dollar!
i can imagine banks without fiat but probably this is going to be their premined coin! , not BTC sorry
i can imagine banks without fiat but probably this is going to be their premined coin! , not BTC sorry
Banks will never let it happen. Nor will the governements.
For them bitcoin is uncontrollable and they won't let it take the lead.
Don't forget who stands behind dollar!
i can imagine banks without fiat but probably this is going to be their premined coin! , not BTC sorry
i can imagine banks without fiat but probably this is going to be their premined coin! , not BTC sorry
I don't think so, Even if BTC reaches $10,000 per BTC then it will just be a really high price commodity, I don't think it will replace fiat by increase in price but increase in use and world use of BTC in daily transactions.
I guess when the price of bitcoin 10k $, it will make bitcoin increasingly well known, and I think when it bitcoin already can be used in the form offline, and only businessmen and rich people who could have, and I think it's become something worthless to the lower ranks
Why should fiat be worthless at $10,000 
This would mean a Bitcon market cap of 210 billion $. This is the half of Google's value, a third of Apple's value, around the same as Coca Cola's value, one third of Amazon's value and only 4 times more than Uber's value. Just a short list. So, $200 bln market cap or $10,000 per Bitcoin is not really much.
Fiat would be worthless when Bitcoin is worth at least a million. This would mean that inflation is getting out of control.
This would mean a Bitcon market cap of 210 billion $. This is the half of Google's value, a third of Apple's value, around the same as Coca Cola's value, one third of Amazon's value and only 4 times more than Uber's value. Just a short list. So, $200 bln market cap or $10,000 per Bitcoin is not really much. Fiat would be worthless when Bitcoin is worth at least a million. This would mean that inflation is getting out of control.
no dude, i don't agree because if you will be compare bitcoin to fiat as price then fiat will be worthless than bitcoin but fiat will be always fiat. fiat worth will be never worthless because every country are made different currencies for use national country.
I think if bitcoin price high value like it, we are in the digital era
Fiat will not be worthless bitcoin will be most precious!
Fiat will be there for long time. It can be worthless then a new fiat will replace it. Bitcoin price will always spiral upwards.
Well even the price will rise above your dream fiat always worth it because fiat is our main money and physical money. Bitcoin will be second and its our ecurrency that we can use it as money online...
Exactly my words. Fiat is needed same we need water and bread. It's fiat that makes the world great since you can use it to by anything at anytime.
Never rely on credit cards.
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