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

[sishendaoye]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

That is the only reason you see why you stated that bitcoin will not bring any impact to fiat even it will reached at $100k price? Imagine if all people holding BTC1 will exchange it to $100k price. And how much more for those people that holds a lot of btc? Got my point?

BTC price is raising because people are more buying it than selling it...If it reach $100K and everyone start to sell it price will drop and it wont be $100K...

Well that is the easy explanation, but the reason for buying is important. Suppose some big time feature is rolling out, it would be nice to know so we can anticipate on it.
Right now i think the price will increase but to no extent that it will reach a value higher then 5k

[jamesl22]

Fiat will never worthless but if bitcoin reach $10000 and get adopted by major merchants then it will become a global currency and a alternate to fiat that is easy to take anywhere but replacing fiat is impossible.

[tuvok007]

10000 per BTC that would be like 150-200 billion marketcap. Visa marketcap is around 170 billion,mastercard 110 billion....

[log2exp]

We are not in uncharted land yet, been there done that: http://www.spiegel.de/international/germany/millions-billions-trillions-germany-in-the-era-of-hyperinflation-a-641758.html

[Superways]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

yes bitcoin is a virtual currency while fiat is a physical currency and both of them are independent and do not change ant value of other when a change in value of one is occurred.

[Blackmet]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

yes bitcoin is a virtual currency while fiat is a physical currency and both of them are independent and do not change ant value of other when a change in value of one is occurred.

Bitcoin is depending on fiat, if dollar will change value, bitcoins value will change too and it's chain reaction. So you are not right about independent currency.

[tabas]

Btc is still depending on fiat and it has domino effect. When bitcoin price reaches 10,000$ still fiat would be not worthless because bitcoin is virtual currency and we don't know if many stores would migrate to accept bitcoins that time.

[Supercrypt]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

Yes bitcoin is dependent on dollar and other currency and is unable to alter the value of fiat, so no matter upto what extent the value of bitcoin reach the fiat will be at it's own place and its devaluing will rely only on national economy.

[agustina2]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

That is the only reason you see why you stated that bitcoin will not bring any impact to fiat even it will reached at $100k price? Imagine if all people holding BTC1 will exchange it to $100k price. And how much more for those people that holds a lot of btc? Got my point?

BTC price is raising because people are more buying it than selling it...If it reach $100K and everyone start to sell it price will drop and it wont be $100K...

Your answer is definetely so far away with my post. Ok I will give you a sample:

1,000,000 people holding BTC1 sold their coins @ $100k price = $100000000000

Now what will be the effect of that to a country's economy? And take note only BTC1 is sold. How much if they will sold their remaining coins.

[Vaskiy]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

Yes bitcoin is dependent on dollar and other currency and is unable to alter the value of fiat, so no matter upto what extent the value of bitcoin reach the fiat will be at it's own place and its devaluing will rely only on national economy.

True mate, even though bitcoin reaches some high extents  fiat will be valued the most in all situations as bitcoin is depending upon fiat and other currencies. Also bitcoin is only virtual currency and not the real money.

[hendra147]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

[Newcoins2020]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Fiat being legal has nothing to do with it, Since bitcoin isn't illegal.  but i do agree with you that bitcoin will not be replacing fiat, i hardly doubt anything can replace fiat to be honest.I
It's too important in our daily life.

[aleandromagno]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Your comment in 100 years will be meant as much as "earth is flat" now.

[Ulloa]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

The price will not even reach that value and that is because the price keeps stable for a long time so that is quite bad for the most people who already have Bitcoin.
The most are of course hoping that the value will be more but we are not for sure that it will happen.

[Jasad]

Fiat will never worthless but if bitcoin reach $10000 and get adopted by major merchants then it will become a global currency and a alternate to fiat that is easy to take anywhere but replacing fiat is impossible.

yeah i'm also think like that,fiat will always lead the currency in this world,no matter how high bitcoin price,fiat will not worthless.
the only thing make fiat worthles is world war,its when we are dont need money anymore.

[darewaller]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

Bitcoin and dollar are both currencies and they both have their own values so none of them is dependent in its value on the value of the other one, it is only the estimation price of both the currencies and not their standards.

[hendra147]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Fiat being legal has nothing to do with it, Since bitcoin isn't illegal.  but i do agree with you that bitcoin will not be replacing fiat, i hardly doubt anything can replace fiat to be honest.I
It's too important in our daily life.

it is clear, no one will be able to replace fiat, because each country has patented their currencies. but bitcoin could be an alternative. if in the future, bitcoin already be used as legal payment.

[aleandromagno]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Fiat being legal has nothing to do with it, Since bitcoin isn't illegal.  but i do agree with you that bitcoin will not be replacing fiat, i hardly doubt anything can replace fiat to be honest.I
It's too important in our daily life.

it is clear, no one will be able to replace fiat, because each country has patented their currencies. but bitcoin could be an alternative. if in the future, bitcoin already be used as legal payment.

Paper money for a long time are not effective .. It's only a matter of time until they are replaced entirely by plastic cards and Bitcoin.

[ultimatesky]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Fiat being legal has nothing to do with it, Since bitcoin isn't illegal.  but i do agree with you that bitcoin will not be replacing fiat, i hardly doubt anything can replace fiat to be honest.I
It's too important in our daily life.

it is clear, no one will be able to replace fiat, because each country has patented their currencies. but bitcoin could be an alternative. if in the future, bitcoin already be used as legal payment.

Paper money for a long time are not effective .. It's only a matter of time until they are replaced entirely by plastic cards and Bitcoin.

I'm also thinking its a matter of time but it will take some time for sure, and I even think it will take a long time to achieve this to be honest.
Most likely this will happen in about 10 years or something.

[aleandromagno]

I do not agree, regardless of the price of bitcoin, even if it reaches $1m that there will be no effect on fiat. because fiat is money that is legal, while bitcoin only virtual currency.

Fiat being legal has nothing to do with it, Since bitcoin isn't illegal.  but i do agree with you that bitcoin will not be replacing fiat, i hardly doubt anything can replace fiat to be honest.I
It's too important in our daily life.

it is clear, no one will be able to replace fiat, because each country has patented their currencies. but bitcoin could be an alternative. if in the future, bitcoin already be used as legal payment.

Paper money for a long time are not effective .. It's only a matter of time until they are replaced entirely by plastic cards and Bitcoin.

I'm also thinking its a matter of time but it will take some time for sure, and I even think it will take a long time to achieve this to be honest.
Most likely this will happen in about 10 years or something.

It may take even more than 10 years, anyway, sooner or later it will happen .. technology is developing so fast that it is unstoppable!