If bitcoin price is $10.000, will fiat be worthless?

[Senja Kemuning]

Regardless of the price of the bitcoin won't make fiat money worthless, this is because fiat money is a measure to determine the price of the bitcoin transactions, in addition to fiat money will continue to be maintained by the Government.

[Duzter]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

My answered is no, even it has a huge value, the fiat is there before bitcon discovered. Even it become so popular and we know the benefits of bitcoin, more people in our society have no idea about bitcoin.

At this time the population of poor people is many than rich person, the user of internet is still increase so if the bitcoin in the future goes to $10,000 I think he/she interested in the bitcoin. But the fiat will never be face out in our society.

As stated fiat is the strongest economy management system that keeps the entire system in a stable manner without market collapses. Bitcoin usage all around has been increasing, still when calculated in terms of percentage we're very low in number. So the price peaking will never make fiat go worthless.

[bitbob82]

Fiat will still have worth but inflation hike is still unstoppable, leterally the government will create and print higher notes just to continue the flow of the monetary system.

No matter what happens , if there is a crypto which has unlimited supply , which is secure like fiat , works offline and legit has all the features of price no government is going to replace it with their currency as crypto means price can fluctuate a bit and government would surely not want to lose the control of controlling it's currency

Whatever does the cryptocurrency had it is still not enough for the cryptocurrencies to make fiat worthless because government will never let that happen and they will ban bitcoin if bitcoin will try to do that. Government will just accept bitcoin as another type of currency but never let bitcoin makes their fiat worthless.

but i think it depend on the interest of the people. government have to accept and take care of the wishes of their people, i think if people will give preference to bitcoin they have to compel the government to accept bitcoin.

[ppc.pt]

Fiat is already worthless. It's paper and digits. Nothing scarce backs it up. They can just keep printing, adding digits and debt.
What gives it value is everyone believing it has value.

But anyway, I don't think fiat will ever be worthless. I love crypto and I wish everyone would move most of their fiat funds to BTC or ETH or WAVES or any other alt coin. But I think it's important to keep fiat, at least the paper version, so we always have that option. It's very important for our privacy !

[JemmaColin]

Fiat is already worthless. It's paper and digits. Nothing scarce backs it up. They can just keep printing, adding digits and debt.
What gives it value is everyone believing it has value.

But anyway, I don't think fiat will ever be worthless. I love crypto and I wish everyone would move most of their fiat funds to BTC or ETH or WAVES or any other alt coin. But I think it's important to keep fiat, at least the paper version, so we always have that option. It's very important for our privacy !

It is necessary to be ready for the development of events in any version and therefore you can not be sure for 100% that Bitcoin will in the future have a good position and therefore anyway some of its funds should be in Fiat.

[gabmen]

Fiat is already worthless. It's paper and digits. Nothing scarce backs it up. They can just keep printing, adding digits and debt.
What gives it value is everyone believing it has value.

But anyway, I don't think fiat will ever be worthless. I love crypto and I wish everyone would move most of their fiat funds to BTC or ETH or WAVES or any other alt coin. But I think it's important to keep fiat, at least the paper version, so we always have that option. It's very important for our privacy !

It is necessary to be ready for the development of events in any version and therefore you can not be sure for 100% that Bitcoin will in the future have a good position and therefore anyway some of its funds should be in Fiat.

I agree. Better be safe so i wanna keep btc and fiat for myself. These two have different uses for the moment and it's essential that we still have paper money in our wallets for everyday expenses. Waves is actually making a lot of noise recently as i keep on hearing about it, i wonder why there's no waves yet in poloniex.

[boyptc]

Regardless of the price of the bitcoin won't make fiat money worthless, this is because fiat money is a measure to determine the price of the bitcoin transactions, in addition to fiat money will continue to be maintained by the Government.

Fiat is strong but I want bitcoin's price to get up to $10,000 as I don't care if fiat will be worthless or not as long as I will benefit from that increase. And that's what is everyone has been waiting for. And government will lost it's control to the society when they will allow bitcoin to replace or make the fiat useless.

[Finestream]

Regardless of the price of the bitcoin won't make fiat money worthless, this is because fiat money is a measure to determine the price of the bitcoin transactions, in addition to fiat money will continue to be maintained by the Government.

Fiat is strong but I want bitcoin's price to get up to $10,000 as I don't care if fiat will be worthless or not as long as I will benefit from that increase. And that's what is everyone has been waiting for. And government will lost it's control to the society when they will allow bitcoin to replace or make the fiat useless.

In time, you have to wait to see that happen because it will not happen overnight, the success is only for the investors who are willing to wait and believe in the future of bitcoin. I have been holding for years and I made a decent income already but I am not in the mood of selling my bitcoin yet because I believe it could bring me more profit if I hold longer.

[1Referee]

Fiat is strong but I want bitcoin's price to get up to $10,000 as I don't care if fiat will be worthless or not as long as I will benefit from that increase. And that's what is everyone has been waiting for. And government will lost it's control to the society when they will allow bitcoin to replace or make the fiat useless.

You don't care whether or not fiat becomes worthless? If fiat becomes worthless, and Bitcoin reaches $10,000 at that time, what does it say about the value of 1BTC then? Haven't you thought about that? It's a very short sighted way of thinking, really.

[Hazir]

Regardless of the price of the bitcoin won't make fiat money worthless, this is because fiat money is a measure to determine the price of the bitcoin transactions, in addition to fiat money will continue to be maintained by the Government.

Fiat is strong but I want bitcoin's price to get up to $10,000 as I don't care if fiat will be worthless or not as long as I will benefit from that increase. And that's what is everyone has been waiting for. And government will lost it's control to the society when they will allow bitcoin to replace or make the fiat useless.

In case fiat when become worthless - would mean only one thing - the trust in the government and economic situation of a state is falling.
True that it would be probably beneficial for cryptocurrency, during economic crisis people would flock to buy alternatives, in this case BTC.
At the same time I would rather have stable and strong fiat backed by solid government that pandemonium in the street and social unrest.

[boyptc]

Regardless of the price of the bitcoin won't make fiat money worthless, this is because fiat money is a measure to determine the price of the bitcoin transactions, in addition to fiat money will continue to be maintained by the Government.

Fiat is strong but I want bitcoin's price to get up to $10,000 as I don't care if fiat will be worthless or not as long as I will benefit from that increase. And that's what is everyone has been waiting for. And government will lost it's control to the society when they will allow bitcoin to replace or make the fiat useless.

In time, you have to wait to see that happen because it will not happen overnight, the success is only for the investors who are willing to wait and believe in the future of bitcoin. I have been holding for years and I made a decent income already but I am not in the mood of selling my bitcoin yet because I believe it could bring me more profit if I hold longer.

How long have you been holding bitcoin? You surely got a lot of it already and I admire you and hoping that I was not able to sell my bitcoins early. I just want to see the price of bitcoin to go up to this point which is very possible to happen.

[stompix]

Fiat will still have worth but inflation hike is still unstoppable, leterally the government will create and print higher notes just to continue the flow of the monetary system.

No matter what happens , if there is a crypto which has unlimited supply , which is secure like fiat , works offline and legit has all the features of price no government is going to replace it with their currency as crypto means price can fluctuate a bit and government would surely not want to lose the control of controlling it's currency

Really? No matter what happens?
Why do you have also the impression the value of a crypto can't be controlled?
It can be done so easily that would put the usual poloniex dpump and dumpers to shame.

Also, even government controlled currencies fluctuate. not like btc right now but they do swing.
Check the pound for instance.

 

[Yutikas_11920]

That will never happen fiat will dependably demonstrate its nearness even in future and till the time Government will have their control on a nation fiat will dependably exist as Government will never enable any computerized money to supplant their national cash.

Precisely, bitcoin definitely will not give effect on the use of money in the system of Government, because if that happens the system definitely exist in the Government will be crushed. For if bitcoin is used as financial fundamentals of a country, most likely a growing number of officials committing corruption and it will surely give a negative impact to the economic survival of the country. And also those who use bitcoin is very difficult to know in simple terms.
 

[kurniawaN]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

[Pettuh4]

That will never happen fiat will dependably demonstrate its nearness even in future and till the time Government will have their control on a nation fiat will dependably exist as Government will never enable any computerized money to supplant their national cash.

Precisely, bitcoin definitely will not give effect on the use of money in the system of Government, because if that happens the system definitely exist in the Government will be crushed. For if bitcoin is used as financial fundamentals of a country, most likely a growing number of officials committing corruption and it will surely give a negative impact to the economic survival of the country. And also those who use bitcoin is very difficult to know in simple terms.
 

I Totally agree, Bitcoin is independent of governmental influenced fiats and so I doubt if it skyrocket to great values it will have any direct influence on the normal fiat currencies besides even in our he fiat world there are currencies that are miles away from others but the team they are being used and not rendered worthless.

[deisik]

Fiat will still have worth but inflation hike is still unstoppable, leterally the government will create and print higher notes just to continue the flow of the monetary system.

No matter what happens , if there is a crypto which has unlimited supply , which is secure like fiat , works offline and legit has all the features of price no government is going to replace it with their currency as crypto means price can fluctuate a bit and government would surely not want to lose the control of controlling it's currency

Really? No matter what happens?
Why do you have also the impression the value of a crypto can't be controlled?
It can be done so easily that would put the usual poloniex dpump and dumpers to shame.

Also, even government controlled currencies fluctuate. not like btc right now but they do swing.
Check the pound for instance

And what does crypto have to do with government issued currencies?

Governments have power over fiat simply because they happen to print this fiat, and they can print as much as required (if it ever comes to that at all). This is outragingly not so in respect to cryptocurrencies. Basically, to control any cryptocoin, a government would either have to stick to severe administrative measures (like bans, penalties, and similar things) without a guaranteed result or blankly buy up that coin in massive amounts, with no more conclusive result either

[Janation]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

That is right, bitcoin will never be replacing fiats, even at the price of $10,000. We all know that government will never make bitcoin their own currency because I think they would rather make their own digital currency than make bitcoin their currency. And I think even the government ban bitcoin, they will still use bitcoin, no one will never know that.

[Afnan_faizah]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

I am Sorry but I dissagree with you, there is fiat of some country that being worthless then the people try to buy bitcoin to safe their wealth. I think there is still a chance for bitcoin to replace fiat.

[jameshowlett]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

I am Sorry but I dissagree with you, there is fiat of some country that being worthless then the people try to buy bitcoin to safe their wealth. I think there is still a chance for bitcoin to replace fiat.

Haha. You need to know that Governments will try their best to stop this from happening. No government wants their people to use other currency except their national currency. Therefore, there is no chance for bitcoin to replace fiat unless the governments collapse

[OliynyK]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

How can any government ban bitcoin,if they can they could ban any exchanges running from any particular country other than that it is impossible for any government to cap these things,but another hurdle is that you need fiat currency to invest in bitcoin,so it is a complicated issue and people will find ways to invest in it and fiat and bitcoin will co exists.