Topic: If bitcoin price is $10.000, will fiat be worthless? - page 90. (Read 145059 times)
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...
Fiat will not be worthless bitcoin will be most precious!
of course not, there will still be a lot of people who will use only fiat and nothing else, for fiat to be worthless a lot of time will have to pass, as bitcoin adoption is happening really slow at the moment
If Bitcoin ever does go that high, then maybe fiat will be worthless, but I doubt it.
Perhaps another way to look at the question is can Bitcoin get that high without fiat becoming worthless? There are a lot of people on these boards who think that Bitcoin can only succeed when fiat fails. I don't share that sentiment, but I wonder if that's what OP was getting at with his question.
If Bitcoin ever does go that high, then maybe fiat will be worthless, but I doubt it.
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
Problem here is because world was sold centuries ago..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
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
And if dollar collapse this is just because they let him go..
people can decide what money they want to use, if they decide to use bitcoin, fiat will collapse for sure, government can not obligate the usage of money, but they can put deterrent to rpevent people from using other kind of money, by "banning it"
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
Problem here is because world was sold centuries ago..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
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
And if dollar collapse this is just because they let him go..
yes i agree with you but you know fiat will never ever be worthless it might be replaced but bitcoin cannot replace fiat note but it can act as a alternate for fiat when more vendors starts accepting it
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
Problem here is because world was sold centuries ago..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
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
And if dollar collapse this is just because they let him go..
I don't think fiat will ever be worthless but bitcoin can reach $10,000 it's not science fiction... it just needs more time to grow.
There is no competition between bitcoin and fiat. Fiat is used for cash purchases and bitcoin for online purchases.
So there is no need to 'crush' fiat, since the purpose of it is different.
So there is no need to 'crush' fiat, since the purpose of it is different.
Actually this is true. Bitcoin will crush if internet/network's dead, and fiat will crush if inflation.
And I think this is related to each other.
From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)
I'm not sure what you're getting at here. From my perspective, the difference between a 10k price and 1k price for btc is literally a factor of 10. It's the difference between Bitcoin having a market cap of 15 billion dollars and 150 billion dollars. That is to say, it's a huge difference, especially since it's currently only 6 billion.
There is no competition between bitcoin and fiat. Fiat is used for cash purchases and bitcoin for online purchases.
So there is no need to 'crush' fiat, since the purpose of it is different.
So there is no need to 'crush' fiat, since the purpose of it is different.
From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)
Actually I think we have a brighter future ahead. The price of Bitcoin depends on the demand and the demand is much lower now than it should be because I think that less than 10% of those who would use Bitcoin aware of its existence.
From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)
I think it starts with less coins with the whales. They are using this coin for personal gain.
Not for supporting the bitcoin revolution.
Whales are called whale for a reason. They will always have enough coins and funds to manipulate the exchanges heavily. Especially when they work as group to rule a certain exchange with iron fist. I think the main problem to a dropping price will be the very early adopters. They have bought their coins at a very low rate and can sell at any time when the price for example goes over $10K. The higher the price is, the more likely these early adopters will dump a good portion of their coins. They will run out of coins, it only takes time.
From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)
I think it starts with less coins with the whales. They are using this coin for personal gain.
Not for supporting the bitcoin revolution.
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Do you agree with this statement?
No. First of all because the value of fiat money don't depend from the value of bitcoin but from the other factors which have nothing to do with bitcoin.
Second because every fiat currency have an owner, mean "something" or "someone" which take care about that. This owner is every State of every country which has "order" the put of every currency in circulation and has given their the value these have. Everything made through an Authority with strong independence (mean very hard to interfere on its aim - take care and manage the currency of that country).
Third because bitcoin cannot replace (at least as it is) never the fiat currency in everything. So even if the world will prefer to use bitcoin and this will make worthless the fiat currency, cannot do this because bitcoin cannot be used out of the internet. Here exist an option that can be chooses and can realize the use of bitcoin even out of internet - and are credit and debit cards - but this option remain to be verified. There are already such options in the market but not very attractive and not with much spread. Anyhow potentially this choice can be used.
Fourth. Not only that value given above for bitcoin but even a new one ten time more of that, have nothing to do with the making worthless the fiat currency, is even the fact that the amount of bitcoin in circulation is not and will be not able to cover all the continuously in increase needs of the world for money (accepting that the being worthless of all currencies will made them only paper for toilet). Bitcoin is limited and even if goes down with its use (so are used milisatoshi, minisatoshi or even simple satoshi) yet are not enough to the needs. To not forget that every year the increase of economies need new money in circulation. And this increase will always be much more than the capacity of bitcoin to fulfill that.
The last one is that no one country may allow that such thing happen. They cannot leave their currency to become worthless and have as currency one such which, at least, is not owned by those and as such cannot be used to realize their monetary policies as these want. Not only this but and not owned currency put in risk even the stability of the country which use one such. Everyone can use it to destabilize the economy of that country.
First of all, I doubt that the price of Bitcoin will ever even reach $10,000. I think that fiat will always be around though. People just love it too much to ever let it go. Using fiat is very convenient for the plebs of the world. Real men and women using Bitcoin. BTW, I am joking.
If fiat currency be worthless than btc price will be ∞ , not 10k.
no, you don't need fiat to measure the value of bitcoin, it's just a convenience, that we are using it, you cna measure it by its purchasing power
like it was done in the past with barter, it would require some time in the beginning, but it's doable
i start to think that "the time" needed for it could be more shorter than expected, things are going faster than i was thinking that it will be, so yes is more than doable...
More useful instead, because those with bit coins exchange them for fiat
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.
I agree with this. 10k per BTC is way too little to have an impact. Even at 1 million per BTC I think there would still be fiat currencies.
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