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

[deisik]

I dont agree with that. Fiat cant be worthless even if bitcoin reaches that price how many years we have been using fiat in our daily transactions even the bitcoin appear in past years.

It wont really happen since bitcoin is getting its value from fiat and how would fiat would become worthless? If it would become useless then bitcoin might be considered as the global currency but i think it wont happen anytime soon. Fiat would still remain since its been regulated byt the government and they would not let this thing to happen for sure. It would be used for more generations and will still exist no matter what.

Yes it is not going to happen as we already using fiat in the long run and the government will not even agree that they will devalue fiat just because of bitcoin. Because bitcoin is still decentralized and the government doesn't have power to control the supply and regulate it.

They won't devalue fiat because of bitcoin

The thought of Bitcoin may not even cross their minds when they would be going to dump their currency. Governments may want to devalue national currencies for a lot of reasons. For example, the common cause is trade imbalance, i.e. a country may be exporting more goods than it imports, and thus it is forced to balance exports and imports through currency devaluation. But that doesn't in the least mean Bitcoin cannot profit from these devaluations handsomely as it already does

[gredisgold88]

how long ? , 10 years ? , but where money real ?

[X-ray]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

[gredisgold88]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question if whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

"if whether if " hehe , verynice argument , but how the circulation real money ? " if and only if " btc have serial number , such as money ?

[X-ray]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question if whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

"if whether if " hehe , verynice argument , but how the circulation real money ? " if and only if " btc have serial number , such as money ?

I've got the typo there. If bitcoin have serial number such as money then nothing will be affected. its function will remain the same so does with the money because both are tied up in value(BTC-USD and USD-BTC) and not in system. both are standalone and the only difference money is owned by government

[gredisgold88]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question if whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

"if whether if " hehe , verynice argument , but how the circulation real money ? " if and only if " btc have serial number , such as money ?

I've got the typo there. If bitcoin have serial number such as money then nothing will be affected. its function will remain the same so does with the money because both are tied up in value(BTC-USD and USD-BTC) and not in system. both are standalone and the only difference money is owned by government

hmm , but the serial number of each production btc indispensable , BTC dapat betapa berharganya karena ada dukungan keuangan dari uang riil, then what about mining that generate new BTC? how new blocks appear? , if in my opinion, BTC can still be manipulated , if the value of BTC remains 1 billion in circulation, while the real money to bolster the existing BTC 1000 bilion $ , then there will be a monopoly in the BTC itself, there is no fall in the price of BTC

[dukeneptun]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

[gredisgold88]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

legendary ? u sure ? how people loan use btc ? , you so kill much many people human .

[X-ray]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question if whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

"if whether if " hehe , verynice argument , but how the circulation real money ? " if and only if " btc have serial number , such as money ?

I've got the typo there. If bitcoin have serial number such as money then nothing will be affected. its function will remain the same so does with the money because both are tied up in value(BTC-USD and USD-BTC) and not in system. both are standalone and the only difference money is owned by government

hmm , but the serial number of each production btc indispensable , BTC dapat betapa berharganya karena ada dukungan keuangan dari uang riil, then what about mining that generate new BTC? how new blocks appear? , if in my opinion, BTC can still be manipulated , if the value of BTC remains 1 billion in circulation, while the real money to bolster the existing BTC 1000 bilion $ , then there will be a monopoly in the BTC itself, there is no fall in the price of BTC

Bitcoin only vulnerable to major attack otherwise non could manipulate bitcoin instead of major attack
if you curious about how new blocks were made then you should read this : http://bitcoin.stackexchange.com/questions/7330/whats-the-process-of-creating-a-block-on-the-blockchain
By the way what is "BTC dapat betapa berharganya karena ada dukungan keuangan dari uang riil" Maybe you forgot to switch your translator?  

[gredisgold88]

how long ? , 10 years ? , but where money real ?

In that main post. it's use "If" so it's considered as conditional sentence and no need to be happen,it's just a question if whether if the price reached $10,000 what's gonna happening to the fiat. if you're waiting for it maybe it will need time more than 10 years to be realized or even less

"if whether if " hehe , verynice argument , but how the circulation real money ? " if and only if " btc have serial number , such as money ?

I've got the typo there. If bitcoin have serial number such as money then nothing will be affected. its function will remain the same so does with the money because both are tied up in value(BTC-USD and USD-BTC) and not in system. both are standalone and the only difference money is owned by government

hmm , but the serial number of each production btc indispensable , BTC dapat betapa berharganya karena ada dukungan keuangan dari uang riil, then what about mining that generate new BTC? how new blocks appear? , if in my opinion, BTC can still be manipulated , if the value of BTC remains 1 billion in circulation, while the real money to bolster the existing BTC 1000 bilion $ , then there will be a monopoly in the BTC itself, there is no fall in the price of BTC

Bitcoin only vulnerable to major attack otherwise non could manipulate bitcoin instead of major attack
if you curious about how new blocks were made then you should read this : http://bitcoin.stackexchange.com/questions/7330/whats-the-process-of-creating-a-block-on-the-blockchain
By the way what is "BTC dapat betapa berharganya karena ada dukungan keuangan dari uang riil" Maybe you forgot to switch your translator?  

hahaha , tell me about a big attack? , yes , i know a bout mining and block mining , but how syncornation for price hardware asci dll with btc ? , if btc just use money rill to support it, then the owner of a currency exchange in the BTC will be lost, he had to buy BTC with high prices and hoard, but to resell them to be a problem. and what will happen, you should know.

[MWesterweele]

If the price of bitcoins was to go that high hodlers and most bitcoiners  will be selling off their bitcoins for fiat and might cause more demand  for fiat itself but I think this would negatively affect the bitcoin price as their would be more supply than demand causing the bitcoin price to drop faster than imagined!!

This is the result if bitcoin price will get more higher than the spected price we need fiat to sell off our bitcoin and fiat is the only way where we can trade our bitcoin into real money and use that as physical money to buy some of our needs and to supply our monthly expenses.

[romero121]

I dont agree with that. Fiat cant be worthless even if bitcoin reaches that price how many years we have been using fiat in our daily transactions even the bitcoin appear in past years.

It wont really happen since bitcoin is getting its value from fiat and how would fiat would become worthless? If it would become useless then bitcoin might be considered as the global currency but i think it wont happen anytime soon. Fiat would still remain since its been regulated byt the government and they would not let this thing to happen for sure. It would be used for more generations and will still exist no matter what.

Yes it is not going to happen as we already using fiat in the long run and the government will not even agree that they will devalue fiat just because of bitcoin. Because bitcoin is still decentralized and the government doesn't have power to control the supply and regulate it.

Fiat gets used for a long time. As quoted above because of decentralized nature bitcoin cannot be regulated by government but it can ban into their country. In this way can regulate the reduction in supply. In this manner it can be slowed down even if the serials similar to currency were made for respective coins.

[1Referee]

If the price of bitcoins was to go that high hodlers and most bitcoiners  will be selling off their bitcoins for fiat and might cause more demand  for fiat itself but I think this would negatively affect the bitcoin price as their would be more supply than demand causing the bitcoin price to drop faster than imagined!!

People are just securing profits. They have been doing that at the time the price jumped from a few bucks to like $100, and it still happens. Did it impact Bitcoin negatively? Nope. As long as the demand is increasing, which I am sure it will continue to happen in the coming years, then we'll be enjoying the higher going price for a couple of more years. Especially when you consider that the store of value aspect that allows people to store money outside the banking and governmental system, is only getting more interesting in current times where people get sick and tired of the interference from governments. Bitcoin is the ultimate safe haven tool.

[dukeneptun]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

legendary ? u sure ? how people loan use btc ? , you so kill much many people human .

Is that supposed to be English?

[Przemax]

There is a logical falacy in the question here. Op asks if bitcoin will have 10k value of x this x be 0. Mathematics says you cannot multiply by 0. Or maybe op didnt made a mistake there. Maybe he asks if bitcoin will be worthless if fiat will be worthless. The answer in my opinion is yes.

[pereira4]

Fiat will not be worthless no matter what, as long as people accept it, it doesn't matter inflated it is, so when Bitcoin reaches 10,000 dollars in a couple of years, fiat will still be accepted by people, therefore it will still have value, we don't know what value that will be, but some.

[Yutikas_11920]

Fiat will not be worthless no matter what, as long as people accept it, it doesn't matter inflated it is, so when Bitcoin reaches 10,000 dollars in a couple of years, fiat will still be accepted by people, therefore it will still have value, we don't know what value that will be, but some.

All of that is true, but it is not something easy to do. Because all people would use something new, when there is already a body or company that can guarantee all the things that will happen in the future, if it is indeed a good thing happened. I think everyone now accepts the bitcoin, however they still doubt will use it because it is indeed bitcoin does not yet have a clear legal entity and also will not be a company or a person who guarantees the bitcoin. But it all depends on the future. just wait and see the results

[gredisgold88]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

legendary ? u sure ? how people loan use btc ? , you so kill much many people human .

Is that supposed to be English?

joke man , you make me L O L !!!

[Positid]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

legendary ? u sure ? how people loan use btc ? , you so kill much many people human .

Is that supposed to be English?

joke man , you make me L O L !!!

This is a serious matter here, but only those who are not monitoring the price of bitcoin will not recognized that as a joke in the first place.lol

[deppil]

Bitcoin going to 10k today/. Get ready for the biggest pump you've ever seen.

I think it would be impossible, I can say that because of how the state of the world and fiat in particular then, if the price of bitcoin reached 10000 times that of the dollar?
That will never happen