Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
stompix
on 11/06/2017, 21:41:31 UTC
I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country
I am Sorry but I dissagree with you, there is fiat of some country that being worthless then the people try to buy bitcoin to safe their wealth. I think there is still a chance for bitcoin to replace fiat.
Haha. You need to know that Governments will try their best to stop this from happening. No government wants their people to use other currency except their national currency. Therefore, there is no chance for bitcoin to replace fiat unless the governments collapse

You need to know that what you're saying is false.
For example Ecuador. They are not using their own currency they are using the usd.
And there are a lot more. And a lot more who have pegged the value to either the usd or the euro.

Ofcourse not fiat will be here in the world except bitcoin just release its own hard money i mean real money in the real life not just in internet bitcoin can do so but if the bitcoin stays in the internet theres no way that bitcoin can replace or remove fiat money in this world.

I'm having trouble picturing or understanding what you're saying here.
Bitcoin releasing it's own money?

What the hell are you thinking.
Go back to the beginner lounge and stay there for a few months and study.