What if?

[Evolvex]

I'm really not an economics person, so a bit of a economics question, can anyone confirm which is right,


Say I owned 10btc today at £7.30 today, and fiat crashed next week, would that make my btc worth £7,000,000 (for example) if everyone moved over to it to get rid of there dead fiat money, I still wouldnt be "rich" though would i? ie in a post fiat era 10btc would buy me the same amount of services as £73 would of done in a fiat era because of inflation? (am i using the correct term there?).

Or would I be stinking rich because all the late comers would of have to pay £700,000 per 1BTC?...

I'm asking for both social and financial gain reasons - so would be good to hear not just in monetary terms.

[jojo69]

something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

[Evolvex]

something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

I have no idea what any of that meant :s - stackers? harvesting an overshoot?

you mean people are hoarding silver to harvest fiat in an overshoot of trading in the panic when it all goes wrong?

[Evolvex]

something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

I have no idea what any of that meant :s - stackers? harvesting an overshoot?

you mean people are hoarding silver to harvest fiat in an overshoot of trading in the panic when it all goes wrong?

I think I get you now actually - god its complex this currency lark when you start to look at it, interesting tho, certainly interesting.