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

[BitcoinPaw]

I think no, cause it's just a crypto currency that depend on fiat, maybe in future if bitcoin will become more popular it will start changing something.

[wikenpp]

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

To earn profit is on every rally i close to impossible. Even if you follow and analyze even trend. Eventually the unexpected will happen. Which is the exact reason
Why i've chose to buy on hold for a longer period.

[peta4e]

Its impossible for bitcoin to reach that high level its doesn't hold that high potential to reach to that level so no need to wast time in thinking all that.

[angaper]

Of course it would be needed the indispensable reference of dollars. Otherwise, if dollars worth $0, what is the point of a bitcoin price of one million dollars?

[outatime1]

Fiat will be around for decades to come regardless of how expensive bitcoin gets.  The majority of the world doesn't use bitcoin and won't be able to without easy access to computers and smart phones.  I think fiat and bitcoin can be used at the same time just like other financial devices such as credit cards and paypal.

[harizen]

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

It will work very well if you don't make it approachable. Make sense.

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

To earn profit is on every rally i close to impossible. Even if you follow and analyze even trend. Eventually the unexpected will happen. Which is the exact reason
Why i've chose to buy on hold for a longer period.

Then go. Hold your BTC1 today and wait for $1000. In my part I will not wait for that $1000 and will start doing circulation from now. Let' sees who will get the most profit. Remember that by holding only the value are increases and not it's quantity.

[goldcoinminer]

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

It will work very well if you don't make it approachable. Make sense.

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

To earn profit is on every rally i close to impossible. Even if you follow and analyze even trend. Eventually the unexpected will happen. Which is the exact reason
Why i've chose to buy on hold for a longer period.

Then go. Hold your BTC1 today and wait for $1000. In my part I will not wait for that $1000 and will start doing circulation from now. Let' sees who will get the most profit. Remember that by holding only the value are increases and not it's quantity.

It always depends on the strategy of the trader, if he holds his coins for a longer period of time then good and well, as long as he will profit by the time he will sell his bitcoins for FIAT.

[Cast12]

I don't agree with this. Fiat won't be worthless because fiat to bitcoin price changes every day since bitcoin relies on fiat. Fiat relies on the government, not bitcoin for pricing.

[kacang]

No, $10k is still so small to make fiat look worthless

[Edwardard]

i think nothing can make fiat worthless. fiat is used in every day to day life. if bitcoin prise rises then convert into fiat and use it anywhere. fiat has more importance for all.

[davincicode666]

I dont think goverment will allow that, fiat is still main currency

[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

It will work very well if you don't make it approachable. Make sense

When I was a total rookie, lol, I thought almost the same and even tried to implement this strategy in practice, thinking myself smarter than others. It didn't work out well with oil and precious metals, it failed miserably with currencies (I lost a huge amount of money on the way down and didn't earn even more on the way up), and, wtf, it didn't work out with Bitcoin either...

If you think yourself smarter than others, well, good luck to you

[wuvdoll]

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.

Yes, worthless in the sense being less used. It does not mean to the value of fiats. When the volume of dollars getting reduced in terms of people's usage we can assume, fiats losing its significance in people's day to day life.

[Ziskinberg]

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.

Yes, worthless in the sense being less used. It does not mean to the value of fiats. When the volume of dollars getting reduced in terms of people's usage we can assume, fiats losing its significance in people's day to day life.

I agree, and there is a big possibility that it will happen in the future, as people nowadays are already educated with online payments using digital many, they find it very easy and safe to use that bringing your cash directly to the transacting party. With the use of digital currency like bitcoins we can easily monitor our transactions that is transparently displayed at the blockchain, this enables us to keep an eye also for proper accounting of our money.

[el kaka22]

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.

Yes, based on the flexibility and mass adoptions, the survival of fiats will be decided.
When most of people are becoming to use bitcoin how we can expect fiats will be same as old days.

[chaser15]

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

It will work very well if you don't make it approachable. Make sense.

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

To earn profit is on every rally i close to impossible. Even if you follow and analyze even trend. Eventually the unexpected will happen. Which is the exact reason
Why i've chose to buy on hold for a longer period.

Then go. Hold your BTC1 today and wait for $1000. In my part I will not wait for that $1000 and will start doing circulation from now. Let' sees who will get the most profit. Remember that by holding only the value are increases and not it's quantity.

It always depends on the strategy of the trader, if he holds his coins for a longer period of time then good and well, as long as he will profit by the time he will sell his bitcoins for FIAT.

Please take in mind that a good trader doesn't hold for really a longer period of time. He can't accumulate more coins and increase it's quantity if it will just hold their coins. They will have more profit by taking part of every big price wave rather than to hold long.

[tabas]

I dont think goverment will allow that, fiat is still main currency

Fiat will always be used by people unless the government of the most powerful country in the world will declare the cashless society.
Fiat will become the 1st choice currency but cashless society will be implemented.

[Finestream]

I dont think goverment will allow that, fiat is still main currency

Fiat will always be used by people unless the government of the most powerful country in the world will declare the cashless society.
Fiat will become the 1st choice currency but cashless society will be implemented.

That's true, fiat will always be fiat, it needs a good adoption rate for the bitcoin in order for the people leave fiat. Bitcoin is still in the early stage to say that it will replace the fiat, although I have to say that bitcoins is moving forward and base on its performance as of now, we can say that it has a bright future.

I believe in this project because it helps the people to do transactions of a very cheap price and we do away with bank transactions which mostly charges us with unreasonable amount.

[Jaxelrell]

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

It will work very well if you don't make it approachable. Make sense.

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

To earn profit is on every rally i close to impossible. Even if you follow and analyze even trend. Eventually the unexpected will happen. Which is the exact reason
Why i've chose to buy on hold for a longer period.

Then go. Hold your BTC1 today and wait for $1000. In my part I will not wait for that $1000 and will start doing circulation from now. Let' sees who will get the most profit. Remember that by holding only the value are increases and not it's quantity.

It always depends on the strategy of the trader, if he holds his coins for a longer period of time then good and well, as long as he will profit by the time he will sell his bitcoins for FIAT.

Please take in mind that a good trader doesn't hold for really a longer period of time. He can't accumulate more coins and increase it's quantity if it will just hold their coins. They will have more profit by taking part of every big price wave rather than to hold long.

The Bitcoin will not reach until that high value and that is the problem but it is really hard to know what is going to happen with the value of Bitcoin.
But it is hard to predict and that is the problem.

[BitHodler]

I dont think goverment will allow that, fiat is still main currency

Fiat will always be used by people unless the government of the most powerful country in the world will declare the cashless society.
Fiat will become the 1st choice currency but cashless society will be implemented.

Nowadays the market is already getting somewhat cashless as a lot people here simply use their banking card with NFC or their smartphone with NFC.

Very simple and it only takes you 2 seconds to complete the transaction which is great of course.

It will be very difficult for Bitcoin to gain ground when it comes to paying with large amounts in retail stores.

With small amounts you don't need to wait for any confirmations but you will when the amount is getting higher.