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torrentheaven
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March 17, 2016, 09:15:29 PM |
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I don't think so, many people still lacking of technology especially in third world country provinces. They don't even know what bitcoin is. And to be frankly i'm living in urbanized place where I think 3/4 of people here doesn't know what bitcoin is. I'm from PH.
same is the scenario in my country as majority of them have not even heard about the bitcoins they are just busy in using fiat and credit cards. |
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Jmild1
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March 17, 2016, 09:49:18 PM |
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I don't think so, many people still lacking of technology especially in third world country provinces. They don't even know what bitcoin is. And to be frankly i'm living in urbanized place where I think 3/4 of people here doesn't know what bitcoin is. I'm from PH.
same is the scenario in my country as majority of them have not even heard about the bitcoins they are just busy in using fiat and credit cards. Yeah you're right . here too, where you from? |
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Mr. Big
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Activity: 2422
Merit: 1184
While my guitar gently weeps!!!
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March 18, 2016, 02:45:48 AM |
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I don't think so, I think bitcoin can be well priced and fiat having it's usual value..
That's right, bitcoin is different from fiat, though they have almost the same use, as currency... bitcoin's popularity would really spread all over the world, and yet it won't make the fiat worthless.. |
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nostal02
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March 18, 2016, 05:38:52 AM |
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If bitcoin hits 10k that would be great but it wont make fiat worthless as fiat is still used world wide.
We have have 2 separate trading fiat and digital currency.
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LiteCoinGuy
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In Satoshi I Trust
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March 18, 2016, 07:22:42 AM |
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why should it be worthless? makes no sense. by the way: 10k is not that much if you know some numbers in economy.
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DeDordtenaar
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March 18, 2016, 08:06:43 AM |
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First of all it will be won't worth $10,000. Im sure of this.
Fiat will still dominates the financial system and bitcoin is just another financial system.
How can you be sure of that? Generation of btc is slowly going down. Hence, value of btc is rising... = although many say that anything can happen in bitcoin. Still I was hesitant bitcoin prices could reach as high as the $ 10k price. I agree with him fiat currency will still be a major |
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Altynbekova
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March 18, 2016, 08:20:06 AM |
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It wont be worthless. And it is quite hard to have Bitcoin on 10.000. That is almost impossible or we have to be lucky.
But I think it will takes really a long time to happen. Because you can see now that the price is rising very slowly.
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peta4e
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March 18, 2016, 08:52:37 AM |
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It wont be worthless. And it is quite hard to have Bitcoin on 10.000. That is almost impossible or we have to be lucky.
But I think it will takes really a long time to happen. Because you can see now that the price is rising very slowly.
Price is rising slowly and fiat will always be widely used in future even if bitcoin reaches to $10k mark, as there are certain user groups they would prefer to use fiat. |
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agustina2
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March 18, 2016, 03:55:08 PM |
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First of all it will be won't worth $10,000. Im sure of this.
Fiat will still dominates the financial system and bitcoin is just another financial system.
How can you be sure of that? Generation of btc is slowly going down. Hence, value of btc is rising... = although many say that anything can happen in bitcoin. Still I was hesitant bitcoin prices could reach as high as the $ 10k price. I agree with him fiat currency will still be a major And I will add that with there are hundred of other alts in crypto world. Meaning most of them has the possibility of stepping up even a bit. That is one of the example why the bitcoin price will not reached $10,000. Traders are everywhere and not only focus in bitcoin. |
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Jmild1
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March 18, 2016, 04:16:49 PM |
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First of all it will be won't worth $10,000. Im sure of this.
Fiat will still dominates the financial system and bitcoin is just another financial system.
How can you be sure of that? Generation of btc is slowly going down. Hence, value of btc is rising... = although many say that anything can happen in bitcoin. Still I was hesitant bitcoin prices could reach as high as the $ 10k price. I agree with him fiat currency will still be a major And I will add that with there are hundred of other alts in crypto world. Meaning most of them has the possibility of stepping up even a bit. That is one of the example why the bitcoin price will not reached $10,000. Traders are everywhere and not only focus in bitcoin. You got it right mate, and we'll never know if there will be a new born crypto that will surpass the value of bitcoin. Future really depends on what people think |
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wildan88
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Merit: 1046
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March 18, 2016, 04:22:52 PM |
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of course, fiat money will be worth, because in the end you will exchange it to fiat money  |
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lolgato1
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March 18, 2016, 04:31:12 PM |
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Fiat will never be useless as long as bitcoin caa be exchanged to fiat and fiat to bitcoins it will always be dependant.
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Altcoinsupporter
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March 18, 2016, 04:34:53 PM |
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Fiat will never be useless as long as bitcoin caa be exchanged to fiat and fiat to bitcoins it will always be dependant.
I think you are right because they still can be exchanged for each other so that is one of the things that is true. Its just that I think fiat will be less more worth if the bitcoin goes to a higher amount because the bitcoin will than also be used more in my opinion. |
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stromma44
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March 18, 2016, 07:07:28 PM |
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Fiat will never be useless as long as bitcoin caa be exchanged to fiat and fiat to bitcoins it will always be dependant.
I think you are right because they still can be exchanged for each other so that is one of the things that is true. Its just that I think fiat will be less more worth if the bitcoin goes to a higher amount because the bitcoin will than also be used more in my opinion. Mark my words, even if the value of bitcoin reaches to the moon we will still continue to convert it to fiat and that is the reason fiat will always survive. |
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gerXhonza
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March 18, 2016, 08:19:18 PM |
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Fiat will never be useless as long as bitcoin caa be exchanged to fiat and fiat to bitcoins it will always be dependant.
I think you are right because they still can be exchanged for each other so that is one of the things that is true. Its just that I think fiat will be less more worth if the bitcoin goes to a higher amount because the bitcoin will than also be used more in my opinion. Mark my words, even if the value of bitcoin reaches to the moon we will still continue to convert it to fiat and that is the reason fiat will always survive. That's true as people from poor countries will always prefer to use fiat currency as they will find using bitcoin very difficult and we would also continue to use fiat in future too. |
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GermanFoobla
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March 19, 2016, 12:14:07 AM |
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Yes I think it will be worthless but it will take years to even achieve it because its still the fiat that you are talking about.
A lot of people are using it and its not that it can just be worthless for the bitcoin, because even it it was you can still exchange them.
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iram66680
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March 19, 2016, 04:18:41 AM |
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No as not everybody uses it yet, so why would fiat ever be worthless. This would only happen if the country itself goes down in ruin. They are connected to each other. A country and it's currency. It is like it's symbiote, one can't live without the other.
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CryingMidget
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March 19, 2016, 06:10:28 AM |
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No as not everybody uses it yet, so why would fiat ever be worthless. This would only happen if the country itself goes down in ruin. They are connected to each other. A country and it's currency. It is like it's symbiote, one can't live without the other.
Yeah bitcoin will occupy if it's rate goes that. Fiat is also worth but it will be acts like altcoin only. |
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umaOuma
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March 19, 2016, 09:21:17 AM |
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Fiat will always be in demand and it won't care where bitcoin reaches in the future, people who are comfortable using fiat will use fiat only and not bitcoin.
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n0ne
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March 19, 2016, 05:01:30 PM |
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Fiat will always be in demand and it won't care where bitcoin reaches in the future, people who are comfortable using fiat will use fiat only and not bitcoin.
In whatever way bitcoin is spread, it wont completely reach the entire population. So some don't care of bitcoin, they'll just use the fiat. |
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Poll
