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gerXhonza
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May 18, 2016, 11:53:16 AM |
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I think bitcoin's price will not affect the fiat. Even if the price of bitcoin is $100.000, the fiat will be good and no affect on it, but i hope bitcoin's price is $10.000 lol.
Yeah its every dream of a user to see that price in future but its really difficult to expect that high price from it, but fiat will always exist and be used even if it reaches to the moon. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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frogCorporation
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May 18, 2016, 12:05:22 PM |
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I do not think so highly Bitcoin soar to 10,000 although I hope so) While earlier people did not think that he will be worth $ 10
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SquallLeonhart
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Activity: 2338
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May 18, 2016, 12:15:37 PM |
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I do not think so highly Bitcoin soar to 10,000 although I hope so) While earlier people did not think that he will be worth $ 10
Anything is possible, it may reach some day there in future, but even if we see that high price I don't think fiat will be worthless as fiat is basic necessity of many people. |
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diodio5
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May 18, 2016, 12:38:50 PM |
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I think bitcoin's price will not affect the fiat. Even if the price of bitcoin is $100.000, the fiat will be good and no affect on it, but i hope bitcoin's price is $10.000 lol.
yeah I agree with you although bitcoin prices skyrocketed maybe it will not have much effect on bitcoin itself. You see when bitcoin rocketed to $ 1200 and it does not make any effect on fiat. it's different when bitcoin have covering the entire human user. will certainly gives effect to the fiat |
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BitHodler
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May 18, 2016, 12:45:05 PM |
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I think bitcoin's price will not affect the fiat. Even if the price of bitcoin is $100.000, the fiat will be good and no affect on it, but i hope bitcoin's price is $10.000 lol.
yeah I agree with you although bitcoin prices skyrocketed maybe it will not have much effect on bitcoin itself. You see when bitcoin rocketed to $ 1200 and it does not make any effect on fiat. it's different when bitcoin have covering the entire human user. will certainly gives effect to the fiat The price of Bitcoin will never have an impact on fiat money. These are two different worlds that at this point are only tied to each other because Bitcoin needs it. |
BSV is not the real Bcash. Bcash is the real Bcash.
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aleandromagno
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May 18, 2016, 12:46:10 PM |
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I do not think so highly Bitcoin soar to 10,000 although I hope so) While earlier people did not think that he will be worth $ 10
Yep, just few years ago nobody expect that Bitcoin price will reach $10! What can happen with price in 20 or 50 years nobody knows.. But i'm sure that price of Bitcoin have nothing with fiat currencies. In the worst scenario we will trade not 1 Bitcoin for $ 450, but 1 satoshi for $450  and it don't think it can affect fiat market. |
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GamingBro
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May 18, 2016, 01:20:57 PM |
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If people and goverments of different country will admit bitcoin, fiat will be worthless anyway, if no, nothing will happen, bitcoin just will be costly, fiat no.
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Kevin77
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May 19, 2016, 08:43:11 PM |
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No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that
Even I don't think fiat will become worth less ever. no matter if bitcoin price will reach 1million $ also. (which is almost impossible) fiat will not be worthless. because local currency have its own value.. I know some countries where local currency have not any value against Dollar. like Afganistan and Iran.. so any other currency won't affect another currency. Bitcoin value is still up over 200% in USD value from this time last year. That Bitcoin value has not only survived on a global basis for more than five years, but thrived, and attracted some of the largest merchants worldwide. When worldwide all the merchants accept bitcoins, there will not be any chances for fiats being used. When more merchants accept bitcoin, it would definitely reach $10,000 or more price levels. So virtually we can say fiats will be worthless. |
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richardsNY
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May 19, 2016, 09:20:03 PM |
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If people and goverments of different country will admit bitcoin, fiat will be worthless anyway, if no, nothing will happen, bitcoin just will be costly, fiat no.
Explain me, why would a government of a certain country ditch fiat that they have full control over and replace it with something they can't control at all? |
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deisik
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May 19, 2016, 09:24:18 PM |
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I think bitcoin's price will not affect the fiat. Even if the price of bitcoin is $100.000, the fiat will be good and no affect on it, but i hope bitcoin's price is $10.000 lol.
yeah I agree with you although bitcoin prices skyrocketed maybe it will not have much effect on bitcoin itself. You see when bitcoin rocketed to $ 1200 and it does not make any effect on fiat. it's different when bitcoin have covering the entire human user. will certainly gives effect to the fiat The price of Bitcoin will never have an impact on fiat money. These are two different worlds that at this point are only tied to each other because Bitcoin needs it. It is not that simple. As you said, the price per se is irrelevant. What is not irrelevant is the amount of goods and services the exchange of which Bitcoin might potentially mediate. If this amount grows significantly (let's assume there is some in the first place), it would drive out some amount of fiat from circulation leading to its depreciation due to more, say, dollars chasing less goods (which are now exchanged for bitcoins)... But such growth is hardly possible, though |
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Altynbekova
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May 19, 2016, 10:22:34 PM |
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The fiat will never be worthless in my opinion because you can still convert them with each other and that it would still remain its worth in my eyes.
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blackmachinegun
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May 19, 2016, 10:50:07 PM |
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I do not think so highly Bitcoin soar to 10,000 although I hope so) While earlier people did not think that he will be worth $ 10
all prices could happen even reached $ 10,000 though. but to achieve it certainly needed something really big happens and requires a considerable time. and then bitcoin users must be greater than the total bitcoin itself. maybe it makes sense dude |
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Monnt
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May 20, 2016, 05:25:43 AM |
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If Fiat was worthless, then $10,000 in bitcoin would also be worthless, too. You've gotta think in bitcoin terms. If bitcoin's market cap became the market cap of gold, fiat will still have some worth. Some countries will refuse to accept an international currency.
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goldcoinminer
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May 20, 2016, 09:41:39 AM |
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If Fiat was worthless, then $10,000 in bitcoin would also be worthless, too. You've gotta think in bitcoin terms. If bitcoin's market cap became the market cap of gold, fiat will still have some worth. Some countries will refuse to accept an international currency.
Yes, FIAT can never be worthless even if we go full digital as their are other countries that cannot adopt the digital world. Mostly the poor countries could not adopt, so if you don't have a fiat you cannot spend it int their area. |
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randy8777
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Merit: 1000
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May 20, 2016, 09:58:20 AM |
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If Fiat was worthless, then $10,000 in bitcoin would also be worthless, too. You've gotta think in bitcoin terms. If bitcoin's market cap became the market cap of gold, fiat will still have some worth. Some countries will refuse to accept an international currency.
well said. it will never happen of course, but i think by the time fiat becomes worthless that bitcoin has to be tied with something as gold. gold is the first thing people will use when fiat becomes worthless. it will be the main currency by that time. |
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jerowacik
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Activity: 1162
Merit: 1000
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May 20, 2016, 10:02:48 AM |
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could happen. however I would still believe bitcoin can achieve high prices. but for my prediction 10000USD not going as fast. bitcoin might next few years will have a price range 1000USD - 2000USD.
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tampazeus
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May 20, 2016, 10:05:40 AM |
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could happen. however I would still believe bitcoin can achieve high prices. but for my prediction 10000USD not going as fast. bitcoin might next few years will have a price range 1000USD - 2000USD.
$1k price is not easy to achieve, and we might need to wait for a long time to see this price, and honestly I feel fiat will never become worthless, it will be same as it is. |
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dinda22
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Activity: 1232
Merit: 1000
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May 20, 2016, 10:24:18 AM |
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could happen. however I would still believe bitcoin can achieve high prices. but for my prediction 10000USD not going as fast. bitcoin might next few years will have a price range 1000USD - 2000USD.
$1k price is not easy to achieve, and we might need to wait for a long time to see this price, and honestly I feel fiat will never become worthless, it will be same as it is. $1k is very easy to achieve as it was when in 2013, but for the next few years we do not know, anything can happen. I agree, fiat will always be the same as usual, and the price of bitcoin it will not affect Fiat. |
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blackmachinegun
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May 20, 2016, 10:43:58 AM |
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could happen. however I would still believe bitcoin can achieve high prices. but for my prediction 10000USD not going as fast. bitcoin might next few years will have a price range 1000USD - 2000USD.
I think the price will not go up $ 1,000 in the next year. I do not even forward thinking next year could touch $ 800 price. so the price of $10k will be very difficult to happen even I was a doubt that will happen? although it happens fiat will not be affected by any of the price of bitcoin |
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JumperX
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May 20, 2016, 10:46:46 AM |
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could happen. however I would still believe bitcoin can achieve high prices. but for my prediction 10000USD not going as fast. bitcoin might next few years will have a price range 1000USD - 2000USD.
I think the price will not go up $ 1,000 in the next year. I do not even forward thinking next year could touch $ 800 price. so the price of $10k will be very difficult to happen even I was a doubt that will happen? although it happens fiat will not be affected by any of the price of bitcoin Yeah fiat will be used as it is used in present, and even if bitcoin hits the price of $10k in future there will be many people whose earning will depend on fiat only. |
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