socks435
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September 05, 2016, 05:18:54 PM |
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i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
For now we can not say that the price of bitcoin will increase in 10k value but it can be still possible in the future if almost half of the world are using bitcoin as payment processor and transferring funds to other country or even using it for paying a services or buying something online.. so if many people are using bitcoin the price will increase and 10k value can be happen in the future. |
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(o)(o)ilikeboobs(o)(o)
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September 05, 2016, 05:31:36 PM |
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it will not going to be worthless but people will use bitcoin more
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Mastsetad
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September 05, 2016, 05:35:13 PM |
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i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
Even if the price of bitcoin hits that point it wont be able to make fiat worthless because the most users of bitcoin community are using bitcoin for earning it and converting it to fiat so that they can use them so even if the price of bitcoin grows above that it wont be able to do that, unless it gets accepted everywhere in the world, so in that case even if its price crosses 2k$ it can do that easily. |
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severaldetails
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September 05, 2016, 06:14:28 PM |
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With a price of 10.000$ and all bitcoins mined, there could only be 210 Billion dollars in bitcoin.
I think the world needs much more currency to trade with than there ever will be available in bitcoin.
So no, fiat will not be worthless. Bitcoin will always be the underdog.
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chaser15
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September 05, 2016, 06:41:06 PM |
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i dont think the bitcoin price will ever hit the 10000 each because that amount is to high in comparing with the people who owns bitcoins as the price will rise up to that there are to many peopel getting rich.
Even if the price of bitcoin hits that point it wont be able to make fiat worthless because the most users of bitcoin community are using bitcoin for earning it and converting it to fiat so that they can use them so even if the price of bitcoin grows above that it wont be able to do that, unless it gets accepted everywhere in the world, so in that case even if its price crosses 2k$ it can do that easily. And if ever fiat will be worthless, then what is the sense of $10,000 value of a single bitcoin? Others will not convert their bitcoin into fiat because on that day, fiat will now be worthless. Also if ever fiat on that day is still on power, many people will convert their coins hence will make again be stronger much more. |
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BitcoinPaw
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September 05, 2016, 07:17:20 PM |
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Nope, fiat and bitcoins didn't linked, and increasing or decreasing bitcoin's price doesn't matter, fiat will be the same, but maybe someday bitcoin will be equal to fiat in this case.
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Doamader
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September 06, 2016, 01:20:35 AM |
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Nope, fiat and bitcoins didn't linked, and increasing or decreasing bitcoin's price doesn't matter, fiat will be the same, but maybe someday bitcoin will be equal to fiat in this case.
Equal bitcoin wont be never with fiat, bitcoin its decentralized and fiat its controled by the countries. I wish bitcoin reach such value, but being realistic, bitcoin can maybe reach 2000 dollars on the next 20 years. |
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7788bitcoin
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September 06, 2016, 01:40:41 AM |
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If (1BTC = $10,000 fiat) AND (fiat = worthless = 0 value) then 1BTC=$10,000 x 0 value = 0 value
Bitcoin will be worthless too!
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Finestream
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September 06, 2016, 02:37:56 AM |
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If (1BTC = $10,000 fiat) AND (fiat = worthless = 0 value) then 1BTC=$10,000 x 0 value = 0 value
Bitcoin will be worthless too!
Good math, that is actually true, maybe the OP failed to realize the simply answer of the question. Fiat will never be worthless and the big possibility is bitcoin might be worthless. The two currency will rule in the future and they are gonna stay together to deliver a more convenient way to spend our money. |
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HabBear
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September 06, 2016, 03:44:40 AM |
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Quite literally, if you bitcoin is worth $10,000, then fiat (Dollars at least) are worth something. Specifically, $10,000 would be worth BTC1.
The reality is, you don't fiat to become worthless. The wealth and power in this world won't just go away if fiat becomes worthless. Instead, they'll begin to flocking to that which has value (i.e., bitcoin in your scenario). You want bitcoin to gain in valuable but stay enough below the radar that no one tries to mess with it, control it as is done with fiat.
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TheUltraElite
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September 06, 2016, 06:35:06 AM |
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People may think that fiat will become useless but that is not so because of the current popularity of bitcoin being so low in several undeveloped, being developed countries where the below-poverty line population is huge. They dont even know about computers, they like green cash and not some cybergeek money which floats in thin air - they have to work hard to earn money as well and they are not educated much. There will never accept bitcoin and hence fiat will still remain largely popular throughout the world for at least a century.
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VanDeinsberg12
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September 06, 2016, 07:02:24 AM |
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Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
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lienfaye
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September 06, 2016, 07:22:35 AM |
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Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
Absolutely, the value of bitcoin is always connected in fiat so btc might become worthless but not the fiat itself. those who will get affected in increase of value of btc are only the users of it. |
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goldcoinminer
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September 06, 2016, 08:10:52 AM |
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Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
Absolutely, the value of bitcoin is always connected in fiat so btc might become worthless but not the fiat itself. those who will get affected in increase of value of btc are only the users of it. Bitcoin and fiat will remain connected but when the value of bitcoin fiat will still be the same, the value of the countries fiat defers on the economic performance but bitcoin is base on the demand of the adopters so I think we can see bitcoin a more progressive on in terms of value over fiat. |
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Malsetid
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September 06, 2016, 08:25:56 AM |
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Just a simple anwer, you are typewriting about $10.000 and you're forgetting if you're using the symboling of fiat like $ and than that is will refer if bitcoin will always stad into fiat and if the bticoin price is until more than $1000000000000000000000 fiat will never be worthless because that is will always become a measurement for bitcoin.
Absolutely, the value of bitcoin is always connected in fiat so btc might become worthless but not the fiat itself. those who will get affected in increase of value of btc are only the users of it. Bitcoin and fiat will remain connected but when the value of bitcoin fiat will still be the same, the value of the countries fiat defers on the economic performance but bitcoin is base on the demand of the adopters so I think we can see bitcoin a more progressive on in terms of value over fiat. The adoption and usage of the bitcoin will proress in the next few years as the bitcoin has limited supply and the value will rise. |
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Divinespark
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September 06, 2016, 11:50:36 AM |
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I firmly believe that $10k is easily achievable just via the store of value properties alone of BTC.
If BTC ever moves beyond the 1 Trillion mkt cap, eminently possible even inveitable given that Central Banks are pumping 100s of Billions into the global economy every month, the fiat world at its core will start getting decimated
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trickshot22
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September 06, 2016, 11:57:28 AM |
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Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i think i also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country I do agree with you bitcoin would only affect those people who has bitcoin, for the countries wont mean nothing as its something they dont use, sure some banks and countries could block the funds to know where they come, besides that nothing would really happen. though countries should be starting accepting it because in my opinion tit is a wonderful technology that will make people good fortune |
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José Arcadio Buendía
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September 08, 2016, 03:34:52 AM |
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Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i think i also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country I do agree with you bitcoin would only affect those people who has bitcoin, for the countries wont mean nothing as its something they dont use, sure some banks and countries could block the funds to know where they come, besides that nothing would really happen. though countries should be starting accepting it because in my opinion tit is a wonderful technology that will make people good fortune Governments and Banks hate bitcoin because is a threat to the monopoly that they have through currency, they will fight bitcoin to the bitter end, but at the end bitcoin is going to win because of its superior technology. |
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mrsimple
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Activity: 77
Merit: 10
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September 08, 2016, 03:38:19 AM |
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I think the price of bitcoin will not affect the fiat. Fiat will stay the way they are, and if the price of bitcoin reach $10.000 i think many people will start using bitcoin. Realy can't for image the on the day.
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Xenophoto
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September 08, 2016, 04:06:44 AM |
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My answer is both yes and no because two things can happen. In this situation, one this is for sure, we assume that Bitcoin price is 1000$. I can think of two scenarios:
1. Somebody is holding a huge percentage of the total Bitcoins and choose to not sell any. He's just holding it until the end. This makes Bitcoin scarce since a huge portion will not be on the market anymore. Scarcity = Increase in value. So, fiat still has worth in this case.
2. People realized that they are tired of getting a huge sum of income tax when they get paid with fiat so they choose to get paid with Bitcoin. People have finally embraced the idea of Bitcoin and dumped their fiat. In this case, fiat will have lesser value.
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