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Author Topic: Will Bitcoin always be dependent on fiat? Is it?  (Read 12522 times)
ausbit
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March 17, 2016, 08:13:27 PM
 #281

No bitcoin will be always conneted to fiat,even if goes mainstream,as you cant save anywhere bitcoins ,it may happen in the future this option but i really doubt,bitcoin will be dependent always ,and we cant do nothing to stop it as we need our fiat as well.

Yes i think fiat is the basic necessity of the majority of us as even if don't have bitcoin fiat can take care of us but if we don't have fiat then situation would be horrible.
Altynbekova
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March 17, 2016, 08:28:07 PM
 #282

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.
torrentheaven
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March 17, 2016, 09:08:24 PM
 #283

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

There will be few countries and people who will continue to use fiat as they are not aware about bitcoins, and if they are, they would hesitate in using it.
romero121
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March 18, 2016, 01:44:28 PM
 #284

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.

Within a couple of years nothing would get changed. Bitcoin will be used over most of the countries legally but the dependence over the fiat will continue. Now too bitcoin is on its own legs.

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betohell
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March 18, 2016, 01:59:56 PM
 #285

No bitcoin will be always conneted to fiat,even if goes mainstream,as you cant save anywhere bitcoins ,it may happen in the future this option but i really doubt,bitcoin will be dependent always ,and we cant do nothing to stop it as we need our fiat as well.
yeah like another currency that is connected to the other currencies.
bitcoin currency will also become commonplace. certainly they will all be interconnected to all Cheesy

danherbias07
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March 18, 2016, 02:13:14 PM
 #286

As always it will. It is like the definition of something. How much is it worth? Defining how good an item or a thing is. Commodities, indices or stocks. Fiat will be there to say how valuable they are.

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blackmachinegun
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March 18, 2016, 04:10:21 PM
 #287

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.
now most bitcoin used for profits and jobs where people that they do not have a job in real life. I think it's not a problem they will help bitcoin become popula. and bitcoin is not just a currency or investing it. bitcoin could be anything Cheesy
diodio5
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March 18, 2016, 04:58:27 PM
 #288

I think for a couple more years it will be depended on the fiat, but after that it will stand on his own.
Its still a long journey for the bitcoin but I think it will stand on its on legs at the end.
all users expect bitcoin can be used directly. without the help of fiat or without converting to fiat to buy something
we want to be like another country's currency. accepted in a country. is it possible?
jchst
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March 18, 2016, 07:14:39 PM
 #289

The same way you get paid to post and you able to spend it at some places,bitcoin need to be used to reach more and more members,but bitcoin will be always connected to bitcoin,some people would like to expose their wallets as they can have or had huge ammount and the merchant can record the face and go after him ,i saw something like this at csi cyber.
bitlancr
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March 18, 2016, 07:56:00 PM
 #290

Well maybe they will not always be dependable on fiat but they would always be exchangeable so that would not change in my eyes.
Its all a matter of time but I think on a day the bitcoin will be independent.
gerXhonza
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March 18, 2016, 07:59:03 PM
 #291

Well maybe they will not always be dependable on fiat but they would always be exchangeable so that would not change in my eyes.
Its all a matter of time but I think on a day the bitcoin will be independent.

No mate that's not possible as even if the price of bitcoin would be higher in future we will always try to convert it to fiat as we if the price is higher we will be holding more amount of fiat.
diegz
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March 19, 2016, 06:37:44 AM
 #292

Well maybe they will not always be dependable on fiat but they would always be exchangeable so that would not change in my eyes.
Its all a matter of time but I think on a day the bitcoin will be independent.

No mate that's not possible as even if the price of bitcoin would be higher in future we will always try to convert it to fiat as we if the price is higher we will be holding more amount of fiat.

Most of us will do that, we tend to exchange our bitcoin to fiat when the price is high, that won't be change in the future, except if bitcoin is been accepted by markets as real money or fiat..

torrentheaven
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March 19, 2016, 06:49:40 AM
 #293

Well maybe they will not always be dependable on fiat but they would always be exchangeable so that would not change in my eyes.
Its all a matter of time but I think on a day the bitcoin will be independent.

No mate that's not possible as even if the price of bitcoin would be higher in future we will always try to convert it to fiat as we if the price is higher we will be holding more amount of fiat.

Most of us will do that, we tend to exchange our bitcoin to fiat when the price is high, that won't be change in the future, except if bitcoin is been accepted by markets as real money or fiat..

and for that I think we have to wait for a long time, as I think it will take almost a decade when we would be able to see physical shops accepting bitcoin as a mode of payment.
SquallLeonhart
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March 20, 2016, 03:55:16 PM
 #294

Well maybe they will not always be dependable on fiat but they would always be exchangeable so that would not change in my eyes.
Its all a matter of time but I think on a day the bitcoin will be independent.

No mate that's not possible as even if the price of bitcoin would be higher in future we will always try to convert it to fiat as we if the price is higher we will be holding more amount of fiat.

Most of us will do that, we tend to exchange our bitcoin to fiat when the price is high, that won't be change in the future, except if bitcoin is been accepted by markets as real money or fiat..

and for that I think we have to wait for a long time, as I think it will take almost a decade when we would be able to see physical shops accepting bitcoin as a mode of payment.

Even if the price of bitcoins is in millions, people will still convert it to fiat, as they will be holding huge amount of fiat if bitcoin reaches to the moon.
lixer
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March 20, 2016, 07:00:55 PM
 #295

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.
Yes, in this time it requires to be flourish more and to get more awareness among the people after that there may be some chances appear that it will become independent of fiat. I think it will take about more than 20 years.

jchst
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March 20, 2016, 07:32:43 PM
 #296

Yes ,bitcoin will be always depended the fiat system ,dont think even if the future becomes digital,instead you moove to your banks you do anything from home,get paid by transfers,as bitcoins works,a code ,and confirmation sent.Fiat will be always the main currency and its one of the biggest supporters of bitcoin the fiat,remove it and think if it will be able to know and be sure the crypto world wouldnt exist.
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March 20, 2016, 08:54:27 PM
 #297

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.
Yes, in this time it requires to be flourish more and to get more awareness among the people after that there may be some chances appear that it will become independent of fiat. I think it will take about more than 20 years.

People will be aware about the bitcoin in future for sue but they will also use fiat, i think in many countris fiat is in more demand and situation would be same in future too.
Whosdaddy
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March 21, 2016, 08:23:18 AM
 #298

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.
Yes, in this time it requires to be flourish more and to get more awareness among the people after that there may be some chances appear that it will become independent of fiat. I think it will take about more than 20 years.
And if those uneducated people do not prefer to use computer for their financial affairs then it will be difficult for the bitcoin to get spread among them, then there will be di-system for the currency, one for educated and the other for uneducated.
blackmachinegun
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March 21, 2016, 08:46:52 AM
 #299

I think not, btc are still new for people. Maybe in future it will be independent but now we have what we have. But it's also not so bad, eveything dependent on smth

Yes it is still in maturity stage where it will be known all over the world even the people who aren't educated much will know that there is a currency like this that exist online. Maybe that way they will pursue an education in how to use a computer.
I find many people are unemployed plunge into the world of bitcoin to work although bitcoin is still dependent on the fiat was not a problem. as long as we still use bitcoin and bitcoin is still alive. anyway bitcoin will continue to grow may be able to stand alone
knowhow
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March 21, 2016, 09:11:33 PM
 #300

Bitcoin borned with fiat as main support,nowadays bitcoin still need fiat to be able to grow and get traded.Bitcoin will always be dependent the fiat as its an investement option soo fiat is the main resorce to fund such resorces.
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