Topic: If bitcoin price is $10.000, will fiat be worthless? - page 94. (Read 145034 times)
i dont know about others but i dont think it will happen because we are still comparing the bitcoin price with the faint currency so its some where the faint value which is keeping the bitcoin value alive ..if there is no faint then on what scale we can mesure bitcoin i mean a product should be sold for a cost like a candy for 1cent so if there will be no dollars or any other faint currency then how we will know that how much bitcoins we have to pay to buy a candy.so no matter how much big the price goes but the bitcoins are still nothing without faint currency
Fiat become worthless if all the people realized the true nature of its value (cost nothing to create thus should worth nothing), but I guess majority of human are illiterate when it comes to money creation, so it could take some decades before the knowledge has been largely spread and debated, currently maybe less than 1% people know the truth
The video The Biggest Scam In The History Of Mankind has 4.4 million views and I guess only 1 million reader believe what it says , and the people who really understand it will be much less
The video The Biggest Scam In The History Of Mankind has 4.4 million views and I guess only 1 million reader believe what it says , and the people who really understand it will be much less
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high. 
this is no sense, because with the halving the mienrs will not dump so much, actually their dumping pressure is not that significant for the market
what is really matter is the demand not the supply
Gosh, the price is where supply meets demand. To say supply doesn't matter ignores literally half the price equation.
the supply is always the same, because there basically the same people that are dumping and manipulate the market
the demand on the other hand can grow to unbelievable level or remain the same, or diminish, demand is the key factor
only with a bigger demand a better price cna be achieved, with a lower supply you will not have a better value than the current one
Supply is not always the same. The supply changes just as quickly and easily as demand. Both are equally important to price. When the government was selling off the Silk Road coins, it wasn't lack of demand that was pushing price down, it was a glut of sudden supply. The whole point of Bitcoin is to limit supply, that's just as important to price as demand.
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high.
this is no sense, because with the halving the mienrs will not dump so much, actually their dumping pressure is not that significant for the market
what is really matter is the demand not the supply
Gosh, the price is where supply meets demand. To say supply doesn't matter ignores literally half the price equation.
the supply is always the same, because there basically the same people that are dumping and manipulate the market
the demand on the other hand can grow to unbelievable level or remain the same, or diminish, demand is the key factor
only with a bigger demand a better price can be achieved, with a lower supply you will not have a better value than the current one
Fiat won't be worthless at $10k per bitcoin, but I hear the Smithsonian Museum is already starting to look for prospective places to display examples of fiat currency. Like maybe next to Dorothy's Ruby Red Slippers from the Wizard of Oz.
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high.
this is no sense, because with the halving the mienrs will not dump so much, actually their dumping pressure is not that significant for the market
what is really matter is the demand not the supply
Gosh, the price is where supply meets demand. To say supply doesn't matter ignores literally half the price equation.
Bitcoin's price will never affect fiat in any way, this could be happen if people over the world using bitcoin then fiat become worthless..
I think people in the world will use various digital money including bitcoin. The value of digital money is independent of the fiats.
At that time, everything will be valued against bitcoin. There will be no fiat. Stocks will be valued as how many satoshi.
Bitcoin's price will never affect fiat in any way, this could be happen if people over the world using bitcoin then fiat become worthless..
I think people in the world will use various digital money including bitcoin. The value of digital money is independent of the fiats.
Fiat is needed if you like it or not. If bitcoin goes to 10k It is just a strong indicator people trust a lot in bitcoin.
It doesn't mean they have lost trust in fiat.
It doesn't mean they have lost trust in fiat.
Well said. IT's not about killing fiat, it's about bitcoin being used by the rest of the world.
The more the better. Eventually the role of fiat will decline but it will still be there.
Fiat is needed if you like it or not. If bitcoin goes to 10k It is just a strong indicator people trust a lot in bitcoin.
It doesn't mean they have lost trust in fiat.
It doesn't mean they have lost trust in fiat.
of course it will not be worthless, if bitcoin will not replace all the world money i strongly believe that there will be a decent amount of people who will still believe in central banks and will keep on using the money we mostly use nowadays though i think that its just a question in time when fiat will go extinct and will be replaced by bitcoins
I think that bitcoin is affected by fiat, not the opposite, fiat will still be stable with or without bitcoin success.
I agree with your statement. Fiat will still be around even when 1 bitcoin is worth $10000. Fiat is not depending on bitcoin, but bitcoin is relying on dollar, value wise
I think that bitcoin is affected by fiat, not the opposite, fiat will still be stable with or without bitcoin success.
I agree with your statement. Fiat will still be around even when 1 bitcoin is worth $10000. Fiat is not depending on bitcoin, but bitcoin is relying on dollar, value wise
I think that bitcoin is affected by fiat, not the opposite, fiat will still be stable with or without bitcoin success.
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high.
this is no sense, because with the halving the mienrs will not dump so much, actually their dumping pressure is not that significant for the market
what is really matter is the demand not the supply
Nope, for as long as governments and corporate companies are in control of the main currency, fiat will never be worthless. As long as bitcoin hasn't adapted all over the world and you are not able to pay with it everywhere, we're all still going to need fiat.
That statement is not correct.
Currencies have shown to be worthless hundreds of times over the centuries it existed.A currency which can't buy you a loaf of bread is worthless!! And even then you can't use it as fuel "because goat shit burns better", Andreas Antonopoulos would say!
No currency ever was able to hold it's purchasing power and therefore crashed at the end.The system has collapsed.
And then it starts all over again.With a new currency.And this cycle repeats again and again.
If you don't have fiat to compare bitcoin to, how would you know how much bitcoin would be worth? You wouldn't know that the bitcoin would be worth $10.000 at that moment. You're still going to need fiat if the world did not adapt to bitcoin yet, you're still going to need fiat to pay for you loaf of bread. So explain again why fiat would be worthless?
Bitcoin's price will never affect fiat in any way, this could be happen if people over the world using bitcoin then fiat become worthless..
I think people in the world will use various digital money including bitcoin. The value of digital money is independent of the fiats.
Bitcoin's price will never affect fiat in any way, this could be happen if people over the world using bitcoin then fiat become worthless..
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high.
And my hope is going down
but I would be s till happy if the price of bitcoin will be at 1500 dollars.But fiat money won't be ever useless they are so much people who still use it.
BTC willl not reach $10.000, because BTC mining is going up worldwide and therefore, price will not go so high.
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