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

[Piltover]

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 chance is really low that it can reach such a high value and that is because it needs a long time until the value will be more worth so that is really bad.
But maybe it will takes a longer time until it will reach that you never know.

[BeGoods]

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.

yeah I agree with fiat is the main currency for all human although other foreign currencies has a high price then it will not be too influential for fiat. unless the bitcoin users continues to grow and all the people on earth using bitcoin then it will give effect to the fiat. but something that would be very difficult to happen

[diodio5]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

[socks435]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

Yeah if there's no fiat bitcoin is not worth or has no value.. so i think bitcoin is just like a gold or silver but you can only see it in online and its not a physical like fiat..

[elyas772]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

Yeah if there's no fiat bitcoin is not worth or has no value.. so i think bitcoin is just like a gold or silver but you can only see it in online and its not a physical like fiat..

both will not replace each other, because both need each other. and bitcoin will not be made into a physical, it can be easy for people to make false physical shape.

[umaOuma]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

Yeah if there's no fiat bitcoin is not worth or has no value.. so i think bitcoin is just like a gold or silver but you can only see it in online and its not a physical like fiat..

both will not replace each other, because both need each other. and bitcoin will not be made into a physical, it can be easy for people to make false physical shape.

If bitcoin gains physical shape in future then it can challenge fiat to some extent, but I don't think we will ever see bitocin in physical shape and people who find using fiat easy will continue to use it.

[aoihs00]

I think that this is an impossible condition, because we give the same a value.
so we can change for something as actually cash  that probably is worthless if you take old price respect today (1900-2000)

[mark coins]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

Yeah if there's no fiat bitcoin is not worth or has no value.. so i think bitcoin is just like a gold or silver but you can only see it in online and its not a physical like fiat..

both will not replace each other, because both need each other. and bitcoin will not be made into a physical, it can be easy for people to make false physical shape.

If bitcoin gains physical shape in future then it can challenge fiat to some extent, but I don't think we will ever see bitocin in physical shape and people who find using fiat easy will continue to use it.

I don't that bitcoin can ever get a physical shape and the most important thing is that its not possible for bitcoin to reach to $10k price and even if achieves it fiat will always be there.

[mrhelpful]

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.

Of course for bitcoin still can not stand alone in that they are still trouble in finding merchants that accept bitcoin as a payment
and users will still have to convert bitcoin them into fiat. the fiat will always be valuable for the entire bitcoin and its users

Yeah if there's no fiat bitcoin is not worth or has no value.. so i think bitcoin is just like a gold or silver but you can only see it in online and its not a physical like fiat..

both will not replace each other, because both need each other. and bitcoin will not be made into a physical, it can be easy for people to make false physical shape.

It doesnt really need reach other, but yes its a form of medium that people can accept since thats the only way value bitcoin.

If there was a way to convert every existing person who holds btc for free, then we already be starting a new generation of money.

[Blackmet]

Probably no, but i we can't be sure, Japan is going to make bitcoin legal currency and maybe other counries will follow Japan and bitcoin become fiat this year.

[amine14madrid]

Fiat will obviously still have some value, it's not really worthless,But by then the world economy will be going through hyper-inflation.

[MTBTT]

Probably no, but i we can't be sure, Japan is going to make bitcoin legal currency and maybe other counries will follow Japan and bitcoin become fiat this year.

I think only a few countries that would legalize bitcoin. see bitcoin has great potential jadio will only be a few countries or even no country has legalized bitcoin. bitcoin will not be fiat

[goldcoinminer]

Probably no, but i we can't be sure, Japan is going to make bitcoin legal currency and maybe other counries will follow Japan and bitcoin become fiat this year.

I think only a few countries that would legalize bitcoin. see bitcoin has great potential jadio will only be a few countries or even no country has legalized bitcoin. bitcoin will not be fiat

Bitcoin will not be legalize IMO, because of its transparency and the decentralized features, the government cannot use it in shady transactions because they are corrupt.

[MTBTT]

Probably no, but i we can't be sure, Japan is going to make bitcoin legal currency and maybe other counries will follow Japan and bitcoin become fiat this year.

I think only a few countries that would legalize bitcoin. see bitcoin has great potential jadio will only be a few countries or even no country has legalized bitcoin. bitcoin will not be fiat

Bitcoin will not be legalize IMO, because of its transparency and the decentralized features, the government cannot use it in shady transactions because they are corrupt.

yeah maybe countries with the highest corruption will avoid bitcoin because this would make it easier for criminals to spread its wings. bitcoin very nice to be made in illegal activity so it is a good reason

[STT]

Dollar is the most widely favoured currency by criminals because its the easiest to launder the proceeds of as the largest and most widely distributed they can cash out and use the proceeds of a crime anywhere in the world really.

Bitcoin as its so public I think is far more dangerous to those who wish not to be noticed.  A perfect operation uncovered and unwound after detection of large amounts of cash being moved would be a disaster.  some of the worlds richest men have been criminals, doesnt work if everyone can see how and who they are paying off.

I dont think the US gov would have backed bitcoin or allowed it at least without considering this aspect first.   

Yeah if there's no fiat bitcoin is not worth or has no value

Bitcoin is not tied to other currencies in a fixed way, it describes trade.   Most government based currency now is tied to politics and central banking, which is a long way from basic capitalism.  I think bitcoin is honestly superior and less biased not reliant on the tax trade of dollars for validation

[CoinSiteDesigner]

Nope. Doesn't matter how much BTC you own, in the end you'll need fiat when you need something.

[Finestream]

Nope. Doesn't matter how much BTC you own, in the end you'll need fiat when you need something.

I agree, though we have a lot of bitcoins in the future we still need to convert it into fiat to spend our money as not everyone is accepting bitcoins. Actually, it is even better to have a lot of payment processor so we can choose where we are comfortable in using it, don't expect that all the people will adopt bitcoins even if we go full digital as there are other coins that has potential now that might also succeed in the future. As long as these things will help improve our community then its better.

[Lokfar]

The chance is really low that it can takes a long time until the value will reach that high value and it is almost impossible to reach that high value because it was stable for a long time.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.

[tabas]

The chance is really low that it can takes a long time until the value will reach that high value and it is almost impossible to reach that high value because it was stable for a long time.
So we have now to wait a long time until the value will be more worth and so we need some patience for it.

Fiat will still be the top currency in the world. Even bitcoin reaches to 10,000$ it will still remains the same and just could be a 2nd currency.
Fiat will still worth for all the people of the world, just like gold even gold has a very big value, it didn't make fiat worthless.

[Ains_sama]

the bitcoin price will be hit $10.000 and the fiat still worthed