Topic: If bitcoin price is $10.000, will fiat be worthless? - page 92. (Read 145059 times)
Comparing BTC which is equal to 10000 USD, USD will be worthless. But still people will be using USD, unless and until BTC is accepted globally or atleast oil giant countries accept BTC for their petrol.
Because bitcoin is deflative and always appreciate in value, people would still prefer spending fiat money and hold bitcoin, they serve totally different purpose
I think so but not sure. Fiat money is just money for me bitcoin is a coin that be worth a lot or not.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
Yes because bitcoin needs a tandem for it to become valuable.
If they want the whole world to use bitcoin as main currency and replace all the fiats then definitely there will be no USD to BTC exchange or to any other currency. So it's just the same. 1btc = 1btc.
That sounds very weird but we have also Euro so I think fiat money won't be ever worthless.
We need something to know the price of the things that we have how much money is it worth.
Nice that you explain glad to see it.
Im talking with all the currencies and not just USD as I quoted "there will be no USD to BTC exchange or to any other currency".
Sorry for my bad english as you didn't get my point. Or maybe others too. Well I think I have to edit it. Thanks!
I think so but not sure. Fiat money is just money for me bitcoin is a coin that be worth a lot or not.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
Yes because bitcoin needs a tandem for it to become valuable.
If they want the whole world to use bitcoin as main currency and replace all the fiats then definitely there will be no USD to BTC exchange or to any other currency. So it's just the same. 1btc = 1btc.
That sounds very weird but we have also Euro so I think fiat money won't be ever worthless.
We need something to know the price of the things that we have how much money is it worth.
Nice that you explain glad to see it.
I think so but not sure. Fiat money is just money for me bitcoin is a coin that be worth a lot or not.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
Yes because bitcoin needs a tandem for it to become valuable.
If they want the whole world to use bitcoin as main currency and replace all the fiats then definitely there will be no USD to BTC exchange or to any other currency. So it's just the same. 1btc = 1btc.
I think so but not sure. Fiat money is just money for me bitcoin is a coin that be worth a lot or not.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
If fiat money would be worth less so bitcoin will be it too right? I am confuse.
Fiat will still be usable but not as attractive as BTC will be more attractive due to price. Would be great to have a few pieces of fiat to keep
as a small emergency and incidentals alongside BTC. These can ride side by side, though the fiat can follow in behind as a shadow.
A btc debit card is a great thing to have, such as Bit-X. That card, you can buy things at a real life store, like you would with any bank card.
if you have a card like that, you can have less fiat, but hold a little fiat in your real life "leather wallet" just for wierd situations, like store
accepts cash only and down debit and credit machines and oddities like that.
as a small emergency and incidentals alongside BTC. These can ride side by side, though the fiat can follow in behind as a shadow.
A btc debit card is a great thing to have, such as Bit-X. That card, you can buy things at a real life store, like you would with any bank card.
if you have a card like that, you can have less fiat, but hold a little fiat in your real life "leather wallet" just for wierd situations, like store
accepts cash only and down debit and credit machines and oddities like that.
As if all bitcoin debit card will accept by all countries.
Learn all the terms first. Even there are lots of bitcoin debit card today it will hard to entered one country because it will passed through legal terms of a country.
Fiat will still be usable but not as attractive as BTC will be more attractive due to price. Would be great to have a few pieces of fiat to keep
as a small emergency and incidentals alongside BTC. These can ride side by side, though the fiat can follow in behind as a shadow.
A btc debit card is a great thing to have, such as Bit-X. That card, you can buy things at a real life store, like you would with any bank card.
if you have a card like that, you can have less fiat, but hold a little fiat in your real life "leather wallet" just for wierd situations, like store
accepts cash only and down debit and credit machines and oddities like that.
as a small emergency and incidentals alongside BTC. These can ride side by side, though the fiat can follow in behind as a shadow.
A btc debit card is a great thing to have, such as Bit-X. That card, you can buy things at a real life store, like you would with any bank card.
if you have a card like that, you can have less fiat, but hold a little fiat in your real life "leather wallet" just for wierd situations, like store
accepts cash only and down debit and credit machines and oddities like that.
Then much better if bitcoin price will reach $10k and fiat are still there like normal.
Good to see we have a side opportunity to earn money thru bitcoin while at the same time there is still fiat.
Good to see we have a side opportunity to earn money thru bitcoin while at the same time there is still fiat.
I don't think fiat will be worthless. As long as bitcoin is not adapted world wide,
it will be the same as it is right now
You would still need to exchange to fiat to buy your day to day stuff.
it will be the same as it is right now
You would still need to exchange to fiat to buy your day to day stuff.
If something is really worth like bitcoin if it goes to 10.000 dollar I don't spec that dollar wont be worth.
Dollar will be always the same only that bitcoin grows and that's it.
Don't worry we wont see a 10.000 dollars I think it will just take so long time to happen or never.
Dollar will be always the same only that bitcoin grows and that's it.
Don't worry we wont see a 10.000 dollars I think it will just take so long time to happen or never.
Fiat money will be fiat money and the value of fiat money is in no way dependent on bitcoin. Even though the price of bitcoin rises to $10000, it has nothing to do with the popularity or value of fiat. Because fiat money is/has been every body's money but bitcoin is/can not.
If something is really worth like bitcoin if it goes to 10.000 dollar I don't spec that dollar wont be worth.
Dollar will be always the same only that bitcoin grows and that's it.
Don't worry we wont see a 10.000 dollars I think it will just take so long time to happen or never.
Dollar will be always the same only that bitcoin grows and that's it.
Don't worry we wont see a 10.000 dollars I think it will just take so long time to happen or never.
Tough one
I dont know maybe will be worthless maybe wont
I dont know maybe will be worthless maybe wont
Nah bitcoin will be always the second best of all the currency I think.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
maybe not useless but it could have a minor role, like bitcoin is now
i guess that poor country have more chance to adopt bitcoin in the case their government collapse
When there is a run away inflation in that country, people will consider bitcoin.
The best country to adopt bitcoin is Argentina or Venezuela.
yeah, but they are waiting for theiy have already a bad economic situation there, are they waiting for their government to collapse?
i think their government are hindering them in some way, otherwise they should proceed and buy bitcoin, i know that the infrastructure there is bad, but they should be able to connect to internet at least
Nah bitcoin will be always the second best of all the currency I think.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
maybe not useless but it could have a minor role, like bitcoin is now
i guess that poor country have more chance to adopt bitcoin in the case their government collapse
When there is a run away inflation in that country, people will consider bitcoin.
The best country to adopt bitcoin is Argentina or Venezuela.
Nah bitcoin will be always the second best of all the currency I think.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
maybe not useless but it could have a minor role, like bitcoin is now
i guess that poor country have more chance to adopt bitcoin in the case their government collapse
It will be easier for 3rd world countries to adapt to bitcoin, yes. Also because 1 bitcoin would be worth way more than their actual currency.
There's a bunch of stuff you can buy in third world countries with only 1 dollar, so imagine what you can do with $450 equal to 1 btc.
Let me rephrase the question for you:
If a fiat token is worth 10k sat, is the token worthless?
Lets take this apart. Your statement has the form: If A then B.
Here A is a definite link between the fiat token and the bitcoin token. B states that the fiat token is worthless. This can only be true then if the bitcoin token is also worthless.
I'm not sure where to go with this. Perhaps some context is necessary because I don't see any reason the fiat tooken and the bitcoin token would become simultaneously worthless at a given exchange rate between the two.
If a fiat token is worth 10k sat, is the token worthless?
Lets take this apart. Your statement has the form: If A then B.
Here A is a definite link between the fiat token and the bitcoin token. B states that the fiat token is worthless. This can only be true then if the bitcoin token is also worthless.
I'm not sure where to go with this. Perhaps some context is necessary because I don't see any reason the fiat tooken and the bitcoin token would become simultaneously worthless at a given exchange rate between the two.
I think fiat will be always worth of having it.
I don't think that fiat money will be worthless after all.
Bitcoin is not safe so we don't know about the future of it.
I don't think that fiat money will be worthless after all.
Bitcoin is not safe so we don't know about the future of it.
Nah bitcoin will be always the second best of all the currency I think.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
maybe not useless but it could have a minor role, like bitcoin is now
i guess that poor country have more chance to adopt bitcoin in the case their government collapse
It will be easier for 3rd world countries to adapt to bitcoin, yes. Also because 1 bitcoin would be worth way more than their actual currency.
There's a bunch of stuff you can buy in third world countries with only 1 dollar, so imagine what you can do with $450 equal to 1 btc.
Nah bitcoin will be always the second best of all the currency I think.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
The fiat money is always have been using a long time a go so I doubt that it will be useless later.
maybe not useless but it could have a minor role, like bitcoin is now
i guess that poor country have more chance to adopt bitcoin in the case their government collapse
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