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

[Zadicar]

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

yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.

I agree with you, how high the price of bitcoin was not going to make bitcoin defeated fiat fiat or shifting of position, I think adoption would be more important than the high price of bitcoin, so if the adoption goes well it will be better than the high price of bitcoin

It would really need  an enormous adoption on bitcoin for which   it would reach it price $10k per coin which is too  high to speculate though but  as  i said  earlier even  how  bitcoin would be developed  theres  still no chance that it would replace fiat on its place.

[hakanbalta577]

My vote is no and as i expexted many others 89% also do think the same because fiat has its own market and it doesnt matter whatever the price of bitcoin will reach i can never ever replace the fiat currency because its not only depends upon price but there are other different features of fiat as well and most important thing is worldwide accpetance.

[tabas]

My vote is no and as i expexted many others 89% also do think the same because fiat has its own market and it doesnt matter whatever the price of bitcoin will reach i can never ever replace the fiat currency because its not only depends upon price but there are other different features of fiat as well and most important thing is worldwide accpetance.

Yeah it is a no because whatever is going to be the value of one bitcoin still fiat will remain unless the government is going to make the fiats will be useless. And if they are going to spread a news that fiat is not anymore usable then for sure that is the time when bitcoin is going to be usable. But as of today, fiats will be fiats and will be used.

[martinacar]

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.

Indeed fiat has been existing for very long right now and they have a very big foundation which you can't just hit trough.
For fiat to be worthless there needs to be a big chain of events in alot of years or else it will not happen at all. I don't think bitcoin could make fiat worthless.

[Sandroxa]

Off course wont the fiat be worthless because fiat is also uised by lots of peopel and they also want to use bitoins so they canuse both to make money with both you will never know the price fo te fiat when the price of the bitcoin is 10k

[BeGoods]

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

yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.

Yes and fiat will always exist no matter how higher price bitcoin achieves in future as there are many people who will prefer to use only fiat and won't bother about bitcoins.

I think prices will play an important role for the survival of bitcoin itself, it seems you should see a thread about "bitcoin does price matter?" you can see how high prices could increase the level of interest in bitcoin users to use, so the high prices will be necessary,

If the bitcoin price keeps on rising, people's will be interested in it and it will be used quite a lot.

thats true high prices will add interest for someone to use bitcoin, but I think that the price of $ 10k would be impossible to happen?
although I hope it happens because it can provide many benefits for everyone, but I think the price it would be difficult to grasp

[terman45x]

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

yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.

Yes and fiat will always exist no matter how higher price bitcoin achieves in future as there are many people who will prefer to use only fiat and won't bother about bitcoins.

I think prices will play an important role for the survival of bitcoin itself, it seems you should see a thread about "bitcoin does price matter?" you can see how high prices could increase the level of interest in bitcoin users to use, so the high prices will be necessary,

If the bitcoin price keeps on rising, people's will be interested in it and it will be used quite a lot.

thats true high prices will add interest for someone to use bitcoin, but I think that the price of $ 10k would be impossible to happen?
although I hope it happens because it can provide many benefits for everyone, but I think the price it would be difficult to grasp

We don't know whether bitcoin can ever achieve that price in future or not and even if it touches that price then people will prefer to convert it to fiat as everyone needs paper money for their day to day usage.

[Noctis Connor]

for me not. because bitcoin has its place, respectively. bitcoin digital currency is currently on computerized ecosystem.
bitcoin price increase will not affect the financial system in the world.

i think usd affects the price of bitcoin when the usd are strong or increase the bitcoin price too is increasing right ? i think bitcoin will be more strong after the election in US not sure with this but maybe bitcoin will be increase you are right there that bitcoin is on currently computerize and i will be help economy worlds soon.

[peta4e]

for me not. because bitcoin has its place, respectively. bitcoin digital currency is currently on computerized ecosystem.
bitcoin price increase will not affect the financial system in the world.

i think usd affects the price of bitcoin when the usd are strong or increase the bitcoin price too is increasing right ? i think bitcoin will be more strong after the election in US not sure with this but maybe bitcoin will be increase you are right there that bitcoin is on currently computerize and i will be help economy worlds soon.

Yeah even I think that price will rise after the US election but it will not affect fiat in any sense I guess, as it can make fiat worthless only if maximum people gets switch to bitcoin but that is not happening at a moment.

[BeGoods]

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

yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.

Yes and fiat will always exist no matter how higher price bitcoin achieves in future as there are many people who will prefer to use only fiat and won't bother about bitcoins.

I think prices will play an important role for the survival of bitcoin itself, it seems you should see a thread about "bitcoin does price matter?" you can see how high prices could increase the level of interest in bitcoin users to use, so the high prices will be necessary,

If the bitcoin price keeps on rising, people's will be interested in it and it will be used quite a lot.

thats true high prices will add interest for someone to use bitcoin, but I think that the price of $ 10k would be impossible to happen? although I hope it happens because it can provide many benefits for everyone, but I think the price it would be difficult to grasp

[Ziskinberg]

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

yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.

Yes and fiat will always exist no matter how higher price bitcoin achieves in future as there are many people who will prefer to use only fiat and won't bother about bitcoins.

I think prices will play an important role for the survival of bitcoin itself, it seems you should see a thread about "bitcoin does price matter?" you can see how high prices could increase the level of interest in bitcoin users to use, so the high prices will be necessary,

If the bitcoin price keeps on rising, people's will be interested in it and it will be used quite a lot.

thats true high prices will add interest for someone to use bitcoin, but I think that the price of $ 10k would be impossible to happen? although I hope it happens because it can provide many benefits for everyone, but I think the price it would be difficult to grasp

Definitely and we can only achieve that if we continue to support bitcoin.

Our future is bright because more and more people are adopting with bitcoin and we are very bless that we belong to the early phase, now it will matter if we will take this opportunity to invest as in the future the price will certainly grow substantially and we will be able to earn from our investment.

[AndySt]

Definitely and we can only achieve that if we continue to support bitcoin.
Our future is bright because more and more people are adopting with bitcoin and we are very bless that we belong to the early phase, now it will matter if we will take this opportunity to invest as in the future the price will certainly grow substantially and we will be able to earn from our investment.

The whole question of how long the process will take and there does not appear during this time a new alternative in the digital world.

[mirakal]

Definitely and we can only achieve that if we continue to support bitcoin.
Our future is bright because more and more people are adopting with bitcoin and we are very bless that we belong to the early phase, now it will matter if we will take this opportunity to invest as in the future the price will certainly grow substantially and we will be able to earn from our investment.

The whole question of how long the process will take and there does not appear during this time a new alternative in the digital world.

In my opinion we cannot determine what would be the exact time it will happen, but of course if you are a bitcoin believer you are optimistic that the future of bitcoin will bring your profit with your investment. Just start to invest now, even if you will just slowly save in bitcoin that is already a great move.

[peta4e]

Definitely and we can only achieve that if we continue to support bitcoin.
Our future is bright because more and more people are adopting with bitcoin and we are very bless that we belong to the early phase, now it will matter if we will take this opportunity to invest as in the future the price will certainly grow substantially and we will be able to earn from our investment.

The whole question of how long the process will take and there does not appear during this time a new alternative in the digital world.

In my opinion we cannot determine what would be the exact time it will happen, but of course if you are a bitcoin believer you are optimistic that the future of bitcoin will bring your profit with your investment. Just start to invest now, even if you will just slowly save in bitcoin that is already a great move.

Bitcoin definitely has a great future ahead so try to collect as much as you can at a moment as price will be much higher in future which will bring huge profits for you if you have enough bitcoins.

[Seansky]

Fiat will never be worthless even if bitcoin price is $10,000 unless fiat is replaced by bitcoin. What I mean in replace is that the value of bitcoin will not depend on fiat anymore, it will have it's stand-alone value and will be used in daily lives, if that happens, fiat will be worthless but seeing it rise at that price, even if it is $100000 fiat will have worth unless no one will use it when that price is reached.

[Blitzcranky]

Nah there will always be a role for fiat. But that's not bad since fiat is not the enemy. The enemy are the banks who have been charging us too much fees. For a long time.
The enemy is the government who tries to follow our every movement..

[terman45x]

Fiat will never be worthless even if bitcoin price is $10,000 unless fiat is replaced by bitcoin. What I mean in replace is that the value of bitcoin will not depend on fiat anymore, it will have it's stand-alone value and will be used in daily lives, if that happens, fiat will be worthless but seeing it rise at that price, even if it is $100000 fiat will have worth unless no one will use it when that price is reached.

Even if bitcoin reaches to that price level, I don't think fiat will be worthless and people are who are not aware about btcoins will prefer to use fiat as its easy and convenient to use.

[painlord2k]

To ha worthless fiat you need to have $ 1.000.000.000.000 / BTC (one trillion dollars per BTC)
And, if it is worthless, there is no price between $/£/€/etc and BTC --> it tend to infinity (AKA no one want fiat anymore)

[yndye]

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 the statement because fiat is still the one use by people and will continue to be use even if the value of bitcoin reaches $100k or higher because it's what people are used to and there are still so many people who don't even know the existence of bitcoin so fiat will still be used as the payment option. The value of $10k is base on fiat also so it cannot be worthless unless fiat will not be used anymore and the payment option would be the digital currency which is likely impossible to happen since so many people and countries are still behind the technological advancement.

[Denker]

Fiat will never be worthless even if bitcoin price is $10,000 unless fiat is replaced by bitcoin. What I mean in replace is that the value of bitcoin will not depend on fiat anymore, it will have it's stand-alone value and will be used in daily lives, if that happens, fiat will be worthless but seeing it rise at that price, even if it is $100000 fiat will have worth unless no one will use it when that price is reached.

Even if bitcoin reaches to that price level, I don't think fiat will be worthless and people are who are not aware about btcoins will prefer to use fiat as its easy and convenient to use.

You are right!
And this will just show us how much potential for growth Bitcoin has and that it's value is very very tiny at the moment.
Bitcoin will be used as safe haven and investment first by people who want to protect their wealth.
Fiat will still be around and used by a majority of people.
However the ones who know Bitcoin now and have a bit of skin in the game could possibly profit from it on a big scale in a few years.