Quote from: goldcoinminer on November 21, 2016, 12:17:32 PM

Quote from: Zadicar on November 21, 2016, 12:05:32 PM

Quote from: Liad.Services on November 21, 2016, 06:49:29 AM

Quote from: groll on November 21, 2016, 04:09:25 AM

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Quote from: LegendaryMiner on November 20, 2016, 05:04:13 PM

I don't think that makes much sense. It is possible that Bitcoin reaches this value someday, but it will not make people stop using fiat. To gain more users, Bitcoin must first reach more people willing to sell goods and services for Bitcoins. In this way, there will be greater liquidity in the market, and over time Bitcoin will gain more stability. This will give more confidence for people to use Bitcoin as a currency.

People would surely use bitcoin infact they are already using it as a currency, but that would probably not make fiat worthless in any means, no matter where bitcoin reaches but people will still use fiat as long as there is governmental system in the world and that system does not seem to be vanishing at all.

I agree with you. Bitcoin is becoming a trend to many but not all people are using it. So we cannot tell that fiat will be worthless even if bitcoin's prices rises. We each have our own government and they control the trade and economic system of our countries. It needs to make "all people" use bitcoin to make fiat worthless. Also bitcoin's value depends in fiat. So It cannot make fiat worthless.

If bitcoin reaches 10K then it means that less then 0.01%, the worlds economy is much larger then 10K$ per bitcoin,and if everybody will use bitcoin on a daily basis,the price will reach to millions and even more then that.
Also take in your mind that there are plenty of lost bitcoins that will never be recovered.

Those lost bitcoins cant really be recovered and they will just remain floating on bitcoin world. I dont think that bitcoins price would able to reach millions of dollars which is really impossible to achieve even on the future. Maybe it would possible on 3-5k dollars but not on millions even on $10k. Well who knows since no one could really able to predict the future.

No one because we ain't God, we are just betting on the future of bitcoin to be progressive so at the same time we can ride with the success, I do not mind of the price as long as I am in profit and that means a lot for me because I am consistently investing.

For the bitcoin, you can just invest a certain amount of money every months. The price will rise in the long term.