Quote from: BeGoods on October 05, 2016, 01:04:00 PM

Quote from: Hamtard on October 04, 2016, 05:30:19 PM

Quote from: BeGoods on October 04, 2016, 12:12:59 PM

Quote from: dezoel on October 04, 2016, 10:40:51 AM

Quote from: Zadicar on October 04, 2016, 10:36:28 AM

Quote from: coynedterm on October 04, 2016, 06:40:52 AM

Quote from: virtualx on December 13, 2015, 10:25:39 AM

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.