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Anddos
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February 09, 2016, 10:54:58 PM |
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I don't think bitcoin is dependent on fiat. Fiat at the moment is just a way to express bitcoin's value in a way that we understand it. Otherwise how would you say how valuable 1 bitcoin is?
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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kartaggen
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February 09, 2016, 11:16:43 PM |
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I don't think bitcoin is dependent on fiat. Fiat at the moment is just a way to express bitcoin's value in a way that we understand it. Otherwise how would you say how valuable 1 bitcoin is?
What you are saying is correct but still in many countries you need to convert your bitcoins to fiat for buying products as they don't directly accept the payments with bitcoins, so for that first you need to convert your bitcoins to fiat. |
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goinmerry
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February 10, 2016, 05:49:59 AM |
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more or less it will if people will not start using only bitcoin and nothing else
This currencies are like how they equal bitcoin to a price in their physical money. For me, it is always like golds. Where you buy some for your investment and a price increase. The good thing about bitcoin is you can earn it through many types of work. Unlike gold where you have to mine it. |
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jak4
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February 10, 2016, 06:12:09 AM |
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yes i think it will be dpendend on faint forever until we use it and give it its own value. like using and buying goods without converting it
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plost24
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February 10, 2016, 06:25:58 AM |
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it will always be dependent on fiat or we can't invest in bitcoin we need something to make bitcoin value so we can win
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For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
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masyari
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February 10, 2016, 06:51:13 AM |
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it will always be dependent on fiat or we can't invest in bitcoin we need something to make bitcoin value so we can win
yeah agree bitcoin need value from fiat. we cant stand alone |
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D3ViL
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February 10, 2016, 06:57:59 AM |
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i think it will always depend on fiat , why would everyone hold their coins for an increase in price so that they can sell it and get fiat . so that is the fact.
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betohell
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February 10, 2016, 07:33:54 AM |
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i think it will always depend on fiat , why would everyone hold their coins for an increase in price so that they can sell it and get fiat . so that is the fact.
lol its mean gold also dependet on fiat ?? |
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lrdeoliveira
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February 10, 2016, 07:38:45 AM |
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i think it will always depend on fiat , why would everyone hold their coins for an increase in price so that they can sell it and get fiat . so that is the fact.
unless the people around the world begin to be salaried directly in bitcoin, in this it's different |
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Amph
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February 10, 2016, 07:40:47 AM |
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i think it will always depend on fiat , why would everyone hold their coins for an increase in price so that they can sell it and get fiat . so that is the fact.
that is the wrong thign to dow with bitcoin, because bitcoin it's also an instrumean for buying stuff, learn to use bitcoin directly without relying on fiat, and you will avoid dumping and depending on fiat |
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MTBTT
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February 10, 2016, 07:55:39 AM |
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yes i think it will be dpendend on faint forever until we use it and give it its own value. like using and buying goods without converting it
nope will not forever. one day, we do not need to convert to a fiat to use bitcoin |
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madonnino
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I ❤ www.LuckyB.it!
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February 10, 2016, 07:57:05 AM |
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i think it will always depend on fiat , why would everyone hold their coins for an increase in price so that they can sell it and get fiat . so that is the fact.
unless the people around the world begin to be salaried directly in bitcoin, in this it's different this is the point, bitcoin need to became the first and only currencies in the world to be independent from fiat |
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MaritiJames3
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February 10, 2016, 08:58:38 AM |
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I do not think it will, in a few years the bitcoin will be a currency, I'm sure of it because the bitcoin is getting bigger everyday. I think the bitcoin is the future of all currency's.
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arbitrage
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February 10, 2016, 09:29:10 AM |
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You can buy lots of things directly with bitcoins , but at the end you always must come to money again,
because system is still depend on it!
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Pollak
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Pollak
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February 10, 2016, 10:06:20 AM |
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I think it will be independent on a moment, but it will take some time.
It will but we have to be patient, the future of bitcoin is petty bright.
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yenxz
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February 10, 2016, 11:54:22 AM |
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As the title says, will it always be dependent on fiat currencies like €, $, ...? Because right now, you always convert before paying. So when you buy a TV, it costs 800$ so that means 1.8 BTC. And by that i dont see how can it become independant? It is just like gold, which cannot be used by itself.
So is my thinking true, or can the prices in the future be projected just through BTC; like you buy a TV and the price is 1.8 BTC. You buy bread, price 0.003 BTC .
I really dont know about these things so thats why i want to hear your knowledge on this.
its hard to answer what will bitcoin become,be like gold or money. i think ned more than 20 years for bitcoin to become independent payment,for now,let bitcoin depend to money. |
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Anddos
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February 10, 2016, 10:28:26 PM |
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Bitcoin will always need some kind of reference. And fiat and/or gold will be those references. How else can you estimate its value?
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goinmerry
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February 11, 2016, 05:47:53 AM |
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Bitcoin will always need some kind of reference. And fiat and/or gold will be those references. How else can you estimate its value?
Yes that is right. Maybe someday it will be the one who will be used as a reference for other kind of currency, commodities and other stuff that will be used as a mean of trading. That will be cool its like hey "Gold is now 3 bitcoin." |
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ctlaltdefeat
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February 11, 2016, 06:36:51 AM |
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As the title says, will it always be dependent on fiat currencies like €, $, ...? Because right now, you always convert before paying. So when you buy a TV, it costs 800$ so that means 1.8 BTC. And by that i dont see how can it become independant? It is just like gold, which cannot be used by itself.
So is my thinking true, or can the prices in the future be projected just through BTC; like you buy a TV and the price is 1.8 BTC. You buy bread, price 0.003 BTC .
I really dont know about these things so thats why i want to hear your knowledge on this.
so far bitcoin lways be dependent on fiat,maybe 5 years again will be,but i dont know 20 years again,i wish bitcoin no more dependent on fiat,and tottaly use bitcoin for every payment,and at that time i think banks was dissapear. |
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funkenstein
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Khazad ai-menu!
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February 12, 2016, 02:03:18 AM |
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Bitcoin will always need some kind of reference. And fiat and/or gold will be those references. How else can you estimate its value?
Beer, oil, big macs, rice, MW of electricity, gallons of gasoline, cigarettes, a month of rent in san fran.. shall I go on? |
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