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

[BitFinnese]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

Exactly that! And to be even more precise, we as Bitcoin users are most likely not even 0.05% of the world population.

We are a far minority that most likely won't even make a dent in the overall fiat-usage from people.

If we at some point manage to gain 1% of the world population as Bitcoin user, then we have done an amazing job.

This is infact true.  We are the minority. actually very small minority.  Many unaware member thought that bitcoin has been majorly used by all citizien of the world because many of us her spend majority of our time in this forum forgetting that there is a true world outside this forum. Aside from that, bitcoin needs to be accepted by different country to properly acknowledge it as currency and even with the recognition, is doubt bitcoin will make fiat worthless.

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[ajun96]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

nope i think bitcoin users are now more than 1% of the total population of the world and I think if the price rise was due to an enlarged demand bitcoin? so I think the more people then the price will probably be higher. maybe you could think of the number of users bitcoin  if the bitcoin price reaches $ 10k

[randy8777]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

Exactly that! And to be even more precise, we as Bitcoin users are most likely not even 0.05% of the world population.

We are a far minority that most likely won't even make a dent in the overall fiat-usage from people.

If we at some point manage to gain 1% of the world population as Bitcoin user, then we have done an amazing job.

that exactly shows that there is so much room for growth in the future. if we at some point do manage to have 1% of the people to use bitcoin, then imagine what it will do with the price. especially when wealthy people look to use bitcoin as a store of wealth tool. i can't even imagine how happy everyone here would be.

[adibe]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

[JessicaSe]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

nope i think bitcoin users are now more than 1% of the total population of the world and I think if the price rise was due to an enlarged demand bitcoin? so I think the more people then the price will probably be higher. maybe you could think of the number of users bitcoin  if the bitcoin price reaches $ 10k

The higher price of bitcoin will depend on the adoption level of people, if we find more users and bitcoins getting into it then we can expect much higher price of bitcoins.

[Legasean]

IF the bitcoin price will be 10.000 each the fiat wont be worthless because i know that the fiat is another cryptocurrencie with bigger amounts and i dont think peopel will let that fall sometime.

[Zadicar]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

nope i think bitcoin users are now more than 1% of the total population of the world and I think if the price rise was due to an enlarged demand bitcoin? so I think the more people then the price will probably be higher. maybe you could think of the number of users bitcoin  if the bitcoin price reaches $ 10k

The higher price of bitcoin will depend on the adoption level of people, if we find more users and bitcoins getting into it then we can expect much higher price of bitcoins.

Adoption of bitcoin would definitely affect bitcoins price in the near future since there would lots of people would intend to buy more bitcoin which would decreases the supply and  the demand  is getting higher which would make  the price go up. Back on the topic even how would bitcoin increase its price it wouldnt make  fiat worthless.

[mangox]

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

http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

[peta4e]

Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.

nope i think bitcoin users are now more than 1% of the total population of the world and I think if the price rise was due to an enlarged demand bitcoin? so I think the more people then the price will probably be higher. maybe you could think of the number of users bitcoin  if the bitcoin price reaches $ 10k

The higher price of bitcoin will depend on the adoption level of people, if we find more users and bitcoins getting into it then we can expect much higher price of bitcoins.

Adoption of bitcoin would definitely affect bitcoins price in the near future since there would lots of people would intend to buy more bitcoin which would decreases the supply and  the demand  is getting higher which would make  the price go up. Back on the topic even how would bitcoin increase its price it wouldnt make  fiat worthless.

Yes and till we won't be able to spend bitcoins directly to buy anything, it will always be dependent on fiat as when users will see that high price of bitcoins the only option they have is to sell them and convert to fiat.

[AdolfinWolf]

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

If BTC is going to reach 10.000$ The value of fiat is probably alot higher aswell. I don't think it is ever going to be worthless, because it is runned by the government, while bitcoin is not.

[crairezx20]

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

If BTC is going to reach 10.000$ The value of fiat is probably alot higher aswell. I don't think it is ever going to be worthless, because it is runned by the government, while bitcoin is not.

I think it can not affect the price of fiat.. we are always relaying in the present price of fiat and fiat is more stable than bitcoin..
Honestly it takes a long time that the price will hit at 10k value maybe if i am old or died the price will hit at that price.

[StoreBit]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

[Hamtard]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

The fiat will always be supported by the government. That is a good way to exploit the people with inflation.

[passwordnow]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

The fiat will always be supported by the government. That is a good way to exploit the people with inflation.

I don't think whatever is the price of bitcoin is going to be still fiat is going to be there and not going to be worthless. And besides the people are used to use fiat money and not with bitcoin. So even bitcoin is going to reach $1,000,000 then that is not going to make fiat worthless because not all the people on Earth knows bitcoin.

[Fraxinus]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

The fiat will always be supported by the government. That is a good way to exploit the people with inflation.

I don't think whatever is the price of bitcoin is going to be still fiat is going to be there and not going to be worthless. And besides the people are used to use fiat money and not with bitcoin. So even bitcoin is going to reach $1,000,000 then that is not going to make fiat worthless because not all the people on Earth knows bitcoin.

Exactly,that's the reason cash will exist but BTC can rise it's use amongst the people and therefore more accepted as a payment

[chaosknight]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

The fiat will always be supported by the government. That is a good way to exploit the people with inflation.

I don't think whatever is the price of bitcoin is going to be still fiat is going to be there and not going to be worthless. And besides the people are used to use fiat money and not with bitcoin. So even bitcoin is going to reach $1,000,000 then that is not going to make fiat worthless because not all the people on Earth knows bitcoin.

Yeah and even if bitcoin touches that price people will still prefer to sell them and convert to fiat so I don't think that fiat is going anywhere and the first choice of people will always be fiat.

[chaser15]

Yeah and even if bitcoin touches that price people will still prefer to sell them and convert to fiat so I don't think that fiat is going anywhere and the first choice of people will always be fiat.

Yes and if ever bitcoin will reached that price, it will just make fiat much worth. Since people care for the bitcoin price, they are happy for that kind of achievement of bitcoin and eventually they will sold their coins to take profit.

What is the sense of having a high price value for bitcoin if fiat will be worthless.

[ethereumhunter]

Well if flat will be worthless then no one will exchange Bitcoin to flat anymore because flat is worthless already. But what i think is flat will never become worthless even Bitcoin price in the future will become really big. Because $ is our standard money wherein everyone knows how to use it.

i think fiat is still worthless because as long as bitcoin is not have legality from government, i think its hard to make bitcoin reach that amount, maybe it can, but people still trust on fiat as their currency. beside that, large people still using fiat, and only of us which using bitcoin as investment, trading, and gambling.

[Ayers]

I don't think so, bitcoin price will not affect the fiat, even the price of bitcoin reach $100.000, fiat still worth and many people still using fiat. Bitcoin will not affect fiat.

yes it is not such an easy job to make fiat worthless, actually the number of people using bitcoin is very low therefore most of the people are still using and depending of fiat, therefore fiat cannot be made worthless in recently.

The fiat will always be supported by the government. That is a good way to exploit the people with inflation.

I don't think whatever is the price of bitcoin is going to be still fiat is going to be there and not going to be worthless. And besides the people are used to use fiat money and not with bitcoin. So even bitcoin is going to reach $1,000,000 then that is not going to make fiat worthless because not all the people on Earth knows bitcoin.

Yeah and even if bitcoin touches that price people will still prefer to sell them and convert to fiat so I don't think that fiat is going anywhere and the first choice of people will always be fiat.

i think bitcoin need to be earned direcly, via job maybe? as long as people will deal with fiat they will always prefer fiat over anything else, they need to be accustomed to deal with bitcoin as a main currency

[dothebeats]

As long as bitcoin is dependent to USD, I don't think that fiat would be useless. As long as the majority of the people in the world still uses fiat, then we cannot assume that bitcoin would overtake fiat and the latter would be a useless piece of paper. Also, the governments wouldn't let this happen, of course. They wouldn't let their pieces of paper crumble just because of some magic internet money.