Bitcoin Forum
June 17, 2019, 11:50:19 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: When does bitcoin behave like fiat?  (Read 434 times)
Thenoticer
Sr. Member
****
Offline Offline

Activity: 332
Merit: 250


View Profile
October 27, 2015, 05:04:49 PM
 #1

Is there a point in marketcap and trade volume that bitcoin starts behaving like fiat?
1560815419
Hero Member
*
Offline Offline

Posts: 1560815419

View Profile Personal Message (Offline)

Ignore
1560815419
Reply with quote  #2

1560815419
Report to moderator
1560815419
Hero Member
*
Offline Offline

Posts: 1560815419

View Profile Personal Message (Offline)

Ignore
1560815419
Reply with quote  #2

1560815419
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560815419
Hero Member
*
Offline Offline

Posts: 1560815419

View Profile Personal Message (Offline)

Ignore
1560815419
Reply with quote  #2

1560815419
Report to moderator
1560815419
Hero Member
*
Offline Offline

Posts: 1560815419

View Profile Personal Message (Offline)

Ignore
1560815419
Reply with quote  #2

1560815419
Report to moderator
thejaytiesto
Legendary
*
Offline Offline

Activity: 1358
Merit: 1004


View Profile
October 27, 2015, 05:20:24 PM
 #2

No one knows. The inflation rate will start becoming pretty irrelevant by abount 2027 looking at the charts, so inflation will not be a big cause of lack of stability (by behaving like fiat, im assuming you are talking about this and nothing something else).

Once and if Bitcoin stops at a certain price, and if the adoption is near mainstream levels, it will be at a price a lot times higher than the last ATH. Simple supply and demand dynamics. This includes prices like 100k to 1 million dollars, but we see this as insane now.
Amph
Legendary
*
Offline Offline

Activity: 2198
Merit: 1003



View Profile
October 27, 2015, 06:44:13 PM
 #3

you need a great adoption for that, a great usage first, you can't simply expect it to be like fiat, where the marketcap is so underwhelming

when there will be the true bases to have the stability of fiat, it mean that bitcoin is used as a strong alternative, and you will see the same stability
randy8777
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
October 27, 2015, 06:44:31 PM
 #4

once people start using it more as fiat currency. market cap isn't a big issue as far as being being a currency. people are using it already as currency.
pereira4
Legendary
*
Offline Offline

Activity: 1428
Merit: 1058


View Profile
October 27, 2015, 06:59:45 PM
 #5

once people start using it more as fiat currency. market cap isn't a big issue as far as being being a currency. people are using it already as currency.

If he is talking about a non volatile price then market cap is a big issue... 4 billion marketcap is nothing, a single whale can manipulate the price. You can't have stability like that, that's why we need a lot more billions in the pool so it's harder to manipulate. This is good news for early investors like us, since there is no other way but the price going to marks once the marketcap starts going higher.
Mickeyb
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000

Move On !!!!!!


View Profile
October 27, 2015, 08:45:45 PM
 #6

No one knows. The inflation rate will start becoming pretty irrelevant by abount 2027 looking at the charts, so inflation will not be a big cause of lack of stability (by behaving like fiat, im assuming you are talking about this and nothing something else).

Once and if Bitcoin stops at a certain price, and if the adoption is near mainstream levels, it will be at a price a lot times higher than the last ATH. Simple supply and demand dynamics. This includes prices like 100k to 1 million dollars, but we see this as insane now.

It was insane for a very early adopters to get to $1 and it got there. After the same for $100 and $1000, and Bitcoin again got there. So I wouldn't bet against anything anymore.

Also we cannot compare Bitcoin to the Fiat. Bitcoin is much more than just a currency. It's also a commodity, a store of value and just a tool for different reasons. I mean people got married and officiated this using the blockchain.
Sourgummies
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


Never ending parties are what Im into.


View Profile
October 27, 2015, 09:01:19 PM
 #7

It was insane for a very early adopters to get to $1 and it got there. After the same for $100 and $1000, and Bitcoin again got there. So I wouldn't bet against anything anymore.

Also we cannot compare Bitcoin to the Fiat. Bitcoin is much more than just a currency. It's also a commodity, a store of value and just a tool for different reasons. I mean people got married and officiated this using the blockchain.
Not to mention that FIAT currencies are also physical and transactions are not publicly available.

I'm not an economist so I couldn't really say a specific time for when Bitcoin would become stable. Hopefully some time in the next century.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!