Post
Topic
Board Bitcoin Discussion
Re: Chances of BTC surpassing the value of Fiat Money
by
CODE200
on 04/12/2020, 12:19:20 UTC
Sorry if the topic sounds logically flawed I didn't dig much deeper into the financial fantasies of such.

I'm wondering what if one day Bitcoin goes so high up in value that it causes somewhat a fiat crisis? I mean imagine, you've Bitcoins but there isn't much cash available in the market to buy your BTC, or simply put people can't afford it? Will bitcoin be of any value then?
Impossible I think as it may sound. There'll be no equity I guess in such way. Everything in the market has price to determine its "value". Prices are "vernacular" if it is a language, as an example. And if there will be no agreement, a price won't be formed or created, and agreement into such considers different factors. So maybe, nothing in the market will be in such scenario wherein something will not be in such condition in the market, even on "rare" things being sold online.