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randal9
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January 04, 2018, 03:59:40 PM |
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I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
of course, until the cryptocurrency has become worldwide, fiat will remain useful...maybe some will stop using it or they will use it less...but it won't go away from everyone's life |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Potatohead
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January 04, 2018, 04:14:57 PM |
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In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Well guess what, it just reached $20,000 ATH recently and went down a little. Fiat money didn't become worthless. Fiat money will still survive because bitcoin is not yet widely accepted by some country, even other countries banned it because they are scared that bitcoin would lessen the amount of income tax they would get. |
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parobber
Member
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Activity: 172
Merit: 11
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January 04, 2018, 04:17:03 PM |
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In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Well guess what, it just reached $20,000 ATH recently and went down a little. Fiat money didn't become worthless. Fiat money will still survive because bitcoin is not yet widely accepted by some country, even other countries banned it because they are scared that bitcoin would lessen the amount of income tax they would get. I think threads like this serve really well to show how far the crypto community has come, if bitcoin has a price in fiat then fiat isn't worthless. It's amazing how people didn't realise such things. Even if bitcoin was worth $100m fiat would still have a worth. |
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PuraPuraBego
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January 04, 2018, 06:30:42 PM |
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Mystery has been solved.
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Mandanai
Newbie
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Activity: 36
Merit: 0
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January 04, 2018, 06:43:40 PM |
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until now bitcoin already more than $ 10k fiat money is still valuable it seems fiat money cannot be replaced.
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mohammedfaiz143
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January 04, 2018, 06:45:37 PM |
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The good old days when bitcoin worth 15000 $ was an unrealistic dream.
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kalawang
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March 15, 2018, 03:45:51 PM |
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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
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ArnoldChippy
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March 15, 2018, 07:09:42 PM |
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I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
of course, until the cryptocurrency has become worldwide, fiat will remain useful...maybe some will stop using it or they will use it less...but it won't go away from everyone's life To me i think that even if bitcoin become worldwide, fiat will remain useful, because in most of the backward countries people still do not have knowledge about computer and internet, they even do not have access to internet, even in some places people do not have the facilities of using internet, therefore i think that it will take a lot of time. |
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GamingBro
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March 15, 2018, 08:32:37 PM |
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Bitcoin don't make influence on fiat at my opinion and when price was $20K fiat didn't change price. At my opinion people just overrating bitcoin.
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Hadji
Newbie
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Activity: 112
Merit: 0
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March 15, 2018, 08:34:57 PM |
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Yes it will be useful if its price is fixed to 10k, plus minus one thousand. The backward strange is not worth considering at all, they have other values.
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signaturecoin
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April 04, 2018, 12:32:57 PM |
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Many businessmans are using fiat in their business because they're trusting fiats in terms of business. Since bitcoin has been noticed by many people, many investors invest in Bitcoin. If 1btc=$7500, Fiat will not become worthless because we all know that this is the real money, physical money and you will buy it everywhere you want unlike bitcoin. Indeed, I will say that there's not possibility that fiat will necome worthless.
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nur rochid
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April 08, 2018, 11:32:41 AM |
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Many businessmans are using fiat in their business because they're trusting fiats in terms of business. Since bitcoin has been noticed by many people, many investors invest in Bitcoin. If 1btc=$7500, Fiat will not become worthless because we all know that this is the real money, physical money and you will buy it everywhere you want unlike bitcoin. Indeed, I will say that there's not possibility that fiat will necome worthless.
fiat users are bigger than bitcoin, if bitcoin reaches any price i think it will not affect fiat, if btc skyrocket i guess people are investing into btc to make a profit not to transact like fiat |
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Just John
Jr. Member
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Activity: 294
Merit: 6
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April 08, 2018, 12:17:04 PM |
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Not at all. Bitcoin and fiat will always co exist because there are places and people who cannot use bitcoins because they do not have internet access and the gadgets required to use bitcoin but they will always use fiat.
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☁ CRYPTO MARKET CLOUD ☁
【THE FIRST AND ONLY SELF CONTAINED ECO-SYSTEM】 (https://cryptomarketcloud.com/) |
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jak3
Legendary
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Activity: 1274
Merit: 1004
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April 15, 2018, 06:55:09 PM |
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It is just same as the current market. Bitcoin is around$8,000 and dogecoin is around 0.007$ so is the dash coin still worth buying when Bitcoin is at such a higher rate than the answer is simply yes because Bitcoin requires a lot of investment and a lot of time to make your money grow but with smaller kind of currencies we can get higher profits in a smaller time but with involvement of risk. In order to minimize the risk, you can try different strategies but the most important stuff is your experience the more time you spend in trading platforms dude perfect you will become and the less risk you are going to take.
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