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

[BeGoods]

No matter how strong bitcoin prices is people still need fiat to turn into real money how come fiat be worthless 

Fiat will not be worthless, it will still be worth even though bitcoin's price will rise higher and higher. Fiat is more essentially in buying goods and basic necessity that we need. And people used to it rather than using bitcoins.

what if bitcoin accepted by many or perhaps all, of the acceptance of bitcoin by many people, it would start a lot of merchants come to sell their wares and accept bitcoin.
if bitcoin can become a method of payment. people do not need to exchange it to fiat right ?

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[Fofofolo]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

[SquallLeonhart]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

Yeah we will be seeing much better price in next year, halving might show us higher price, but my expectation are higher from next year.

[randy8777]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

Yeah we will be seeing much better price in next year, halving might show us higher price, but my expectation are higher from next year.

there are no interesting happenings in 2017 that might indicate market action. this year so far has been quite a stable time for bitcoin as the price kept holding strong between $420-$450. next year will most likely be the same as far as stability goes.

[jamesl22]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

Yeah we will be seeing much better price in next year, halving might show us higher price, but my expectation are higher from next year.

there are no interesting happenings in 2017 that might indicate market action. this year so far has been quite a stable time for bitcoin as the price kept holding strong between $420-$450. next year will most likely be the same as far as stability goes.

People will hate if price remains stable even in next year, people loves to make profits and price stability will not allow them to do that.

[goldcoinminer]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

Yeah we will be seeing much better price in next year, halving might show us higher price, but my expectation are higher from next year.

there are no interesting happenings in 2017 that might indicate market action. this year so far has been quite a stable time for bitcoin as the price kept holding strong between $420-$450. next year will most likely be the same as far as stability goes.

People will hate if price remains stable even in next year, people loves to make profits and price stability will not allow them to do that.

That's true but I think it will remain stable with the current price now after the halving. If you have balls you can buy bitcoins at the current price now and it is expected to rise high after the halving, risk to profit bro.

[cluit]

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.

I guess your speculation is not practical. Because, when bitcoin has higher value by more popular, people will start moving towards bitcoin by leaving using fiats. This what happened for currency notes already with Internet banking and credit cards.

You are right. People will choose the most convenient type of payments system. There is no reason for them to be sticking always with traditional type of payments.

[1Referee]

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.

I guess your speculation is not practical. Because, when bitcoin has higher value by more popular, people will start moving towards bitcoin by leaving using fiats. This what happened for currency notes already with Internet banking and credit cards.

You are right. People will choose the most convenient type of payments system. There is no reason for them to be sticking always with traditional type of payments.

People mostly choose to walk the easiest roads. For them it doesn't require any extra efforts to make online purchases via their bank or credit card. With Bitcoin they still need to buy Bitcoin first, and after that they can spend it if the price doesn't go down making their bought coins decreasing in value too much. For us Bitcoiners this isn't an issue at all, but that's not the case for average joe's. They see this as a serious problem.

[blackmachinegun]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

[terman45x]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

[wildan88]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

obviously they will dump when at a price of $1k, because they never would have thought the price could touch $10k, and possibly before to reach $1k it takes a few years. so when it reached $1k chance to sell.

[BitHodler]

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

The majority of the people will most likely end up selling their coins below $800 and even below $700 as they don't have the patience to wait till the price reaches $1000 again.

People that can't handle seeing the price go up significantly will always get tempted to secure profits at every 10% increase. Only real hodlers will be able to hold all the way up.

[lottery248]

if fiat become worthless so do the bitcoin, bitcoin is traded with mainly fiat and you should think about it.

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

The majority of the people will most likely end up selling their coins below $800 and even below $700 as they don't have the patience to wait till the price reaches $1000 again.

People that can't handle seeing the price go up significantly will always get tempted to secure profits at every 10% increase. Only real holders will be able to hold all the way up.

that's why there is a certain advantage to monopoly : the people who sold their coins earlier would be jelly of higher price.

[romero121]

if fiat become worthless so do the bitcoin, bitcoin is traded with mainly fiat and you should think about it.

As said bitcoin is mostly exchanged for fiat. So when fiat goes worthless bitcoin too have the possibility to go low. In my opinion when bitcoin gets used directly than exchanging bitcoin value goes high but this won't make any impact on fiat.

The chance is really low that it can reach that high value and as you can see now you see also that there are now more people that is holding it and that is nice because some people are now trading because they cant earn profit with selling.
And it will for sure reach the $500 in the end of the year and hopefully it will be more worth in the next year.

even the possibility to achieve that price that is 0% or almost no chance? high price is an unreasonable price for a commodity or a payment system like bitcoin? $10k  its kidding
even the price of bitcoin is not too strong to survive at the price of $ 1,000 in the long term

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

The majority of the people will most likely end up selling their coins below $800 and even below $700 as they don't have the patience to wait till the price reaches $1000 again.

People that can't handle seeing the price go up significantly will always get tempted to secure profits at every 10% increase. Only real holders will be able to hold all the way up.

that's why there is a certain advantage to monopoly : the people who sold their coins earlier would be jelly of higher price.

[pereira4]

Fiat will never be worthless, as long as fiat is accepted in most places. In the future, due insane devaluation to keep the system going, it may take 100 dollars to a buy a McDonalds meal, but so what, as long as its accepted, no body will care, because the process is so slow that it takes generations and the new people that's born don't even notice this devaluation process.

So Just buy Bitcoin and retire in 10 years.

[opossum]

Fiat will never be worthless, as long as fiat is accepted in most places. In the future, due insane devaluation to keep the system going, it may take 100 dollars to a buy a McDonalds meal, but so what, as long as its accepted, no body will care, because the process is so slow that it takes generations and the new people that's born don't even notice this devaluation process.

So Just buy Bitcoin and retire in 10 years.

There are majority of people who are earning a living on fiat, and we cannot expect that they will stop using it in coming years.

[tabas]

Fiat will never be worthless, as long as fiat is accepted in most places. In the future, due insane devaluation to keep the system going, it may take 100 dollars to a buy a McDonalds meal, but so what, as long as its accepted, no body will care, because the process is so slow that it takes generations and the new people that's born don't even notice this devaluation process.

So Just buy Bitcoin and retire in 10 years.

I don't think will be worthless it will still used by many people especially for those places who doesn't have innovation of technology. And can't even
touch a single computer and internet.
Even if btc's price would reach $10,000 there are still people who are going to use fiat.

[harizen]

That's true and majority of people will dump their coins when they will see the price of $1k as one has that patience to wait till it reaches to $10k.

The majority of the people will most likely end up selling their coins below $800 and even below $700 as they don't have the patience to wait till the price reaches $1000 again.

$700 to $1000 journey. Look at the range. Even me I'd rather sold my coins at $700 or $800 rather than to wait for $1000.

Believe me in that time of journey from $700 to $1000, there are really "LOTS" of big rally that will happen so why bother to wait for $1000 if you can earn more by taking advantage of every price's big rally

[deisik]

Believe me in that time of journey from $700 to $1000, there are really "LOTS" of big rally that will happen so why bother to wait for $1000 if you can earn more by taking advantage of every price's big rally

Lol, this is the same logic that people follow when the price goes down and they start catching falling knives in the hope that there will surely be rebounds and they will exit with profit...

Overall, this approach doesn't work very well

[ps_jb]

$10.000 means $10 and 0c