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

[hermanhs09]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

I disagree with this agreement because I believe that a bitcoin's value should be a lot more than the current level, and way more than $10,000 a coin, even. And that is before inflation USD.

While fiat currencies do depreciate over time, and bitcoin will retain its value, i just believe that bitcoin is extremely undervalued still.

[Searing]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

No idea I'd be having so much fun with the 'trophy wife' and the yacht....would not know till the end of the month when my
CPA would inform me of my growing wealth.

(Never could figure that out ..but seems you get a couple million dollars and suddenly you are MUCH more attractive...go figure?)

 

[bryant.coleman]

The market capitalization of all the currencies circulating in the world right now is around $10 trillion, and it is increasing at a rate of approx. 5% per year. Suppose BTC is going to replace fiat by 2030. By then, the market cap might have increased to $20 trillion, which means that each BTC will be worth more than $1,000,000.

[tabas]

Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

Well we can't say what bitcoins price is going to be, there is a possibility that bitcoin will reach that price, but we don't know when it is going to happen
if that price will happen to bitcoin most of the bitcoiners will surely become rich.

[avikz]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

[tabas]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

Yeah that's the most simplest way of explaining about the importance of fiat for the value of bitcoin.
Simple as that bitcoin's value refers to USD which is fiat, so when fiat become worthless what would be the value of bitcoin.

[Ains_sama]

today USD crass and bitcoin rise
it's normal friend.

[Denker]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

[tabas]

today USD crass and bitcoin rise
it's normal friend.

USD is always been there to support other currencies as well not just bitcoin, but I don't think USD is on crash. US today I can say, it is has a stable
economy. And bitcoin will surely rise in the future but even bitcoin will reach that amount of $10k.
Fiat will still be needed in the economy.

[BitcoinPaw]

I don't think so, bitcoin is depend on fiat and can't change price of dollar for expamlpe , but if bitcoin will be accepted by some countries as legal currency, maybe it will change something.

[deisik]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

Or something else comes to get measured in bitcoins. Even simpler than that

Financial news, 1 dollar today traded for 1 satoshi in the opening hours. By noon the greenback collapsed to one-half satoshi, and trading had been suspended. Two traders jumped out of the window (seized with laughter)

[SilverPunk]

I don't think so, bitcoin is depend on fiat and can't change price of dollar for expamlpe , but if bitcoin will be accepted by some countries as legal currency, maybe it will change something.

I think it was wrong or i am wrong but i in my opinion bitcoin doesnt depend on fiat ,it depends on the investors and also the users to make it more higher .so that even the bitcoin price would reach that price value fiat will still worth. We can buy things with bitcoins but the fact that not all things or needs will be bought by bitcoins.

[harizen]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

And now your statement doesn't make much sense.
When a fiat currency gets inflated into oblivion, and isn't worth the paper it was printed on anymore, this does not make Bitcoin worthless. This just means that Bitcoin will get measured and valued in something else.Simple is that!

Well if that's the case, say goodbye for people's desire of a skyrocket price.

Make sense.

[vero]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

if there is one country would adopt as their currency bitcoin might usd would be not worth and this make me think whether bitcoin will remain as a digital currency, or will be paper money.

[wikenpp]

Fiat will never be worthless. The economy be it in first world countries or third world countries is depending on fiat.
Many business are depending on fiat, many consumers are depending on fiat.

Which tells us 1 important thing. Fiat is here to stay for at least a couple of decades (minimium)

[BitHodler]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

Your question itself makes no sense. If bitcoin is worth $10k USD, the fiat will never be worthless.

Because, you are comparing bitcoin price with a fiat currency. How it can be worthless.

If bitcoin is worth 10k USD, and if USD is worthless, then bitcoin also become worthless. Bitcoin can't replace fiat ever.

if there is one country would adopt as their currency bitcoin might usd would be not worth and this make me think whether bitcoin will remain as a digital currency, or will be paper money.

The only way I think you can turn Bitcoin into paper money is that you create a note stating 1.00 BTC or 10.00 BTC with the private key on each note. It will basically be a paper wallet.

[angaper]

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.

Yes, I also think so my friend. If we are really interested in achieving great financial goals in the long run, storing our coins is not the best option, and perhaps it is I way to limit our real possibilities, depending exclusively on our faith and goof luck to wait for fantastic scenarios.

I think it is better to take some risks, and trading our coins or investing them to really increase our coins is really worthwhile.

[oHnK]

Yes, I also think so my friend. If we are really interested in achieving great financial goals in the long run, storing our coins is not the best option, and perhaps it is I way to limit our real possibilities, depending exclusively on our faith and goof luck to wait for fantastic scenarios.

I think it is better to take some risks, and trading our coins or investing them to really increase our coins is really worthwhile.

Unless you have sme balls to store your coins and dont need the money even when the price drop into $100 then go ahead otherwise dont, besides it is still best to keep some fiat. Fiat wont be worthless soon or atleast until we die, it might take another 100 years for that

[goldcoinminer]

Yes, I also think so my friend. If we are really interested in achieving great financial goals in the long run, storing our coins is not the best option, and perhaps it is I way to limit our real possibilities, depending exclusively on our faith and goof luck to wait for fantastic scenarios.

I think it is better to take some risks, and trading our coins or investing them to really increase our coins is really worthwhile.

Unless you have sme balls to store your coins and dont need the money even when the price drop into $100 then go ahead otherwise dont, besides it is still best to keep some fiat. Fiat wont be worthless soon or atleast until we die, it might take another 100 years for that

That is more realistic, FIAT cannot be worthless as it is more matured than bitcoins, we need to test more the bitcoins and if it can survive, time will come it will be widely use by the masses and would really affect the fiat.

[cluit]

For a minute let us assume that fiat has been stopped, then how we will determine what the price of bitcoins is, I mean what is the worth of 1 bitcoins for a user ? So you can see fiat cant go