Bitcoin Forum

Economy => Speculation => Topic started by: Abiky on August 03, 2023, 12:20:26 PM



Title: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 03, 2023, 12:20:26 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Nrcewker on August 03, 2023, 12:52:03 PM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Who is John Galt? on August 03, 2023, 12:56:39 PM
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.

So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi.

$1 million for a bitcoin makes 1 satoshi for 1¢. For 1 satoshi to be $1, one bitcoin must be worth 100 million. :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Oshosondy on August 03, 2023, 12:57:13 PM
The minimum TX fee for Bitcoin is one satoshi.
For segwit, 1 input and 1 output will require 111 sat for the fee.

Now, imagine if market prices keep going up until 1 BTC is worth $100m.
For bitcoin to get to $200 trillion marketcap, the price would still be around $10 million. Fiat will go low in value and bitcoin will increase, but before bitcoin will attrain this, it is still more than a century if at all it would happen.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 03, 2023, 04:08:32 PM
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.

Only a hyper-inflated USD will make this happen. But I don't see this happening now or in the near future. We're probably centuries away from seeing 1 satoshi being worth $1. Neither you and I will be alive by the time that happens. If BTC goes to $100m earlier, then that means something terribly wrong happened with the USD. A total collapse where there's no chance of a recovery. Who knows what the future holds for Bitcoin as an alternative to existing Fiat currencies? Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: stompix on August 03, 2023, 04:23:48 PM
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.

Global wealth is estimated at 400-600 trillion, which would make Bitcoin even with 10 million coins twice as valuable as everything on the planet put together. So no! No way in hell unless the USA goes full Zimbabwe.

Only a hyper-inflated USD will make this happen. But I don't see this happening now or in the near future. We're probably centuries away from seeing 1 satoshi being worth $1. Neither you and I will be alive by the time that happens.

Remember the 2007 crisis?
Now add the other crisis in the last century, mix them tighter power them up with a Monster drink and this would be the face of such inflation!
Trust me, it's not like we're not going to be alive at that time, you DON'T want to be alive during such a thing!
With everything going down, with mass unemployment, bankrupcies al over, failure of public services, and high crime in every neighborhood you will trade your valuable Bitcoins just to lead the normal life you do now!




Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: ajiz138 on August 03, 2023, 04:40:20 PM
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: cabron on August 03, 2023, 05:01:39 PM

A holder can only wish to happen overnight. Everybody wants to be rich even when not holding a single BTC but like they said it will need years and years you could only hope you will still be alive after 20 years to see if indeed what we believe today lives up.

I have a few old wallets that contain a fracture of BTC that couldn't be sent like 0.00004500 BTC. When 1 Sat = USD happens, do you think a transaction will also cost less like 5 sats?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: stomachgrowls on August 03, 2023, 07:23:03 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
Anything is impossible could be possible but in the sense or the thing we do talk about on having that BTC on $100M/coin price then this is something that cant really be that possible. We know that 1 sat is the smallest number could a certain person to have. If things turns out that 100M per 1 sat then imagine on what would be the entire cap? I cant really be able to comprehend about those numbers and pushing up transactions
wont really be going as low on 1 sat on which means it would really be that much higher on every transactions made on which it would be always having that standard 1sat/byte transaction and numbers or value of fees
is something that you wont really be that relaxed about. This is why it wont really be that much of an interesting thing if you do assume out this situation because it would really be that too complicated or
it isnt something that could really happen even in my wildest dream.  :D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Captain Corporate on August 03, 2023, 08:15:37 PM
People already talked about the math and why it can't be done, we need to focus on that as much as we can, if it's not possible then it's not possible. I get that it's not going to be a simple thing, but I have to point out that it's going to take a while for that to happen. I am pretty sure that when we are talking about something as bleak as the "future", we can say that yes it's possible. Now I know we have talked about how 100 million is nearly impossible, but also.. it just says future, it doesn't really say when. So maybe we are talking about 100-200 years down the line? I am not even sure if bitcoin will exist in 200 years, but if it does, would it be impossible to think about? Considering the inflation, in 200 years it could very well be very normal, like today's 100k maybe? Thats why that "future" should be a lot more certain date before we can answer.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: STT on August 03, 2023, 09:09:43 PM
Every currency has a feasible end with zero worth to its units so yea in dollars the figure could get to 1 dollar per satoshi.   If we stick to actual value, exchangeable worth for food or any commodity not this pure face value nominal figure with a floating value then I would not try to argue the cost of transmitting BTC will amount to this much.    BTC isnt due to become horribly inefficient even if inflation continues and dollar value is continually lost with prices rising alot;  this only is a burden to Dollar users and its their impedance and loss to carry not that BTC has been negative in its propagation and usage.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: goaldigger on August 03, 2023, 09:10:37 PM
Everything is possible in crypto but considering its timeline, we might not see this in the next 10 years. Let’s be more realistic with Bitcoin and try to set-up a goal one at a time. Imagine if you are going to buy Bitcoin now and you’re expecting it to reach the price of 100m, you might be old already if that happens. The bull is still not easy to reach and there’s still a threat for bear trend, I think the peak for this year will be around $40k only.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: OgNasty on August 04, 2023, 07:41:28 AM
I believe the intended best case scenario for Bitcoin’s price was to reach 1 cent per satoshi. That’s not to say it isn’t possible that it could go higher, just that it would take some unforeseen event to really help tank the dollar in order for it to happen. At that point even a dollar per satoshi might not necessarily give you the buying power you think it would.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: noormcs5 on August 04, 2023, 07:50:08 AM
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.

This may happen one day, we never know the economic conditions of the world and what is going to happen after 50+ years. Technically and theoretically it is possible for 1 Sat to reach 1$ and we cannot deny that equation.

Being optimistic about BitcoinBTC, I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Husires on August 04, 2023, 08:48:57 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m.

If this happens, the bitcoin will not become a currency for daily use, or the value of the dollar will not become the same as its current value, since about 100 years ago, 20 dollars was enough to buy something of value, not the same price now.
The second assumption is that if this happened, Bitcoin needed about 20 to 50 years to reach the price of one million dollars, so the price of 100 million will not happen until after 150 to 200 years, and this means that most of us will not live to witness this assumption.

Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time,
This assumption is wrong. We are going to the future, not the past. Technologies will develop and inevitably many of the lost coins will be recovered, either remember it or brute force it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 04, 2023, 10:46:05 AM
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.

It's an insane prediction. I've just thought of the possibility of a satoshi reaching dollar parity due to Bitcoin's ever-rising popularity. It may not happen during our lifetime, but it could happen in the distant future.

I certainly wouldn't want 1 satoshi to be worth $1, as that would mean paying ultra-high fees per BTC transaction (in USD terms). Maybe developers will introduce "fractional satoshis" to solve the problem? We're "lightyears" away from seeing BTC reaching $100m, so there's nothing to worry about. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: rat03gopoh on August 04, 2023, 11:38:14 AM
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1

Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Wapfika on August 04, 2023, 11:51:59 AM
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1

Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.

If this happened, I think we are not using USD as base currency for Bitcoin conversion to fiat since its already hyperinflation and there’s no way USD is still the global currency. That’s why we should always keep using 1sat=1sat instead of fiat conversion when we are dealing with the transaction fee and Bitcoin valuation in general since since fiat can inflate and those figures is nothing if the buy power is not the same.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: fzkto on August 04, 2023, 01:47:12 PM
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1

Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: RewFrew on August 04, 2023, 03:24:29 PM
For 1 satoshi be worth $1 possible in future i think. It is not impossible. Because bitcoin being inseparable part of world economy day by day. But fot it need more time. I think after 2045 when Bitcoin mining will completed after then Bitcoin price will boom. Because after that there will be no more bitcoin mining. But its demand will increase day by day. So i think then Bitcoin price will increase speedily. Then marketcap of Bitcoin will increase. And price of bitcoin will increase. So it is possible 1 satoshi worth of $1 i think. But we have to wait long time for it. I think some people will agree with my thinking.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: WatChe on August 04, 2023, 03:42:06 PM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.

There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Ndabagi01 on August 04, 2023, 04:55:26 PM
Global wealth is estimated at 400-600 trillion, which would make Bitcoin even with 10 million coins twice as valuable as everything on the planet put together. So no! No way in hell unless the USA goes full Zimbabwe.

Let’s imagine that it’ll happen in the future when bitcoin will be worth more valuable than the estimated global wealth. The world is evolving and the global wealth keeps increasing which shows no sign of diminishing anytime soon. Don’t you think the estimated global wealth will still be worth more than bitcoin if 1 sat will be worth 1$ at that time?

There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.

Yes, bitcoin will continue to surprise us, but this specific one will undoubtedly take some time to happen. Maybe we won't live to see that day because I don't see it happening anytime soon if not so far, it’ll take at least a century before we can witness that with bitcoin now.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: ShowOff on August 04, 2023, 05:08:35 PM
When we talk about possibilities, then nothing is impossible. But it would be very difficult to imagine 1 Satoshi is worth $ 1 in the short term, but if we set a longer timeframe for example in the next 20 to 50 years, then it might become a reality.

I'm also not sure if most of us would still be able to type something to post something on a forum if bitcoin takes time 50 years for 1 Satoshi to equal $1, but it sure looks like a lot of fun if it became real. But there's nothing wrong with remaining optimistic about the future of bitcoin.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Aanuoluwatofunmi on August 04, 2023, 07:52:14 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

There's nothing impossible to achieve with bitcoin even though we may not concluded that bitcoin can reach to that extent, bitcoin can rise to an unpredictable extent because it has every possible potentials to rise and maintain high value, just as many had predicted upto $150 ,000 after this coming halving, we can definitely achieve that and even beyond on subsequent halvings that will be coming and so on.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Dr.Bitcoin_Strange on August 04, 2023, 07:52:55 PM
If Bitcoin can keep surviving, passing through the test of time, and still waxing strong, maybe it can be possible for 1 SAT to be $1 in the next 2–5 cents. just saying. Bitcoin is still about 14 years old, and who knows what its price can be after a century? The truth is just that if Bitcoin continues to exist in the future, then there is every probability that it can get to $1.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Falconer on August 04, 2023, 08:20:30 PM
OP, I'd say $1 for 1 Satoshi it's possible if bitcoin actually can consistently hit its latest ATH every 4 year cycle. If scarcity could make the price go up due to demand, then one day the price of 1 satoshi would be $1. But long before that arrives, I hope that 1 satoshi will be worth $0.001 first and will increase gradually with the test of time.

I really can't imagine when 1 Satoshi was worth $1, but maybe for bitcoin in the long term. But I never expected that 1 Satoshi would soon be worth 1$ if bitcoin and crypto industry was continuously attacked by regulators. For something to make sense, let's imagine $200k to ATH on bitcoin in the next bullish season after the halving.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: beerlover on August 04, 2023, 08:33:06 PM
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1

Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
If this happened, I think we are not using USD as base currency for Bitcoin conversion to fiat since its already hyperinflation and there’s no way USD is still the global currency. That’s why we should always keep using 1sat=1sat instead of fiat conversion when we are dealing with the transaction fee and Bitcoin valuation in general since since fiat can inflate and those figures is nothing if the buy power is not the same.
I agree that it's not going to be easy and it will take a while but it's not going to be impossible and dollar will stay the powerful one without a doubt. I think the point is that even if it's not 1 dollar, it could be 1 cent, and that would be enough for me as well.

People have calculated how unlikely it is for this to happen but we are talking about a situation in USA where half of the money they printed came from the last 3 years, and yes there was a global pandemic and that's a main reason for it, but that doesn't change the fact that what happened happened. So, in the next 10-20-50 years we could see them print more and more as well and the more they print, the less valuable it will become and this could happen.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: ajiz138 on August 04, 2023, 09:44:04 PM
I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.
There's no way in our lifetime we can see Satoshi's value, I'd say 100 years or so, our lives won't get there.

It's an insane prediction. I've just thought of the possibility of a satoshi reaching dollar parity due to Bitcoin's ever-rising popularity. It may not happen during our lifetime, but it could happen in the distant future.
I think my generation will be the first or second to experience how things will develop in the future, technology is also much more developed.

I certainly wouldn't want 1 satoshi to be worth $1, as that would mean paying ultra-high fees per BTC transaction (in USD terms). Maybe developers will introduce "fractional satoshis" to solve the problem? We're "lightyears" away from seeing BTC reaching $100m, so there's nothing to worry about. Just my thoughts ;D
Just imagine if satoshi is worth $1 then with a fee it can take 1k Sat more of course $1000 that must be spent.
Maybe there are developers who can solve this problem, but this is too far I don't think it will be 100M. :D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Latviand on August 05, 2023, 01:41:54 AM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
For that to happen though, bitcoin has to become a staple digital currency worldwide, I'm not talking about just trading in exchanges but also being used to pay for day to day stuff like food and services without the worry or regret that you've overpaid for something because the price got much higher after you've paid in bitcoin. That's the only way that it's possible because there's only about 20 million bitcoin in circulation (removing the 1m that satoshi have) and we all know that with limited supply and very high demand, we will have to expect rise in prices.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: mirakal on August 05, 2023, 05:40:42 AM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
Right mate. Despite of its high volatility, bitcoin price never fail to impress us and in every year that comes, it’s price is also showing a positive mark up. So definitely, it will not be surprising if bitcoin price will hit million dollars as well as its single Satoshi’s value will also increase. Especially now that some financial institutions also dive with the bitcoin hype, then it will surely increase bitcoin promotion and its adoption in the near future. The bigger crowd of people will use bitcoin, the higher the amount its single bitcoin may become.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: hopenotlate on August 05, 2023, 10:07:31 AM
It depends mostly on USD purchasing value, if the money printing trend shown in this video  https://twitter.com/TFMetals/status/1687205453938503680  will be confirmed , have a closer look at last couple of years in particular, my answer is yes. But unfortunately in that case we will live in  a much different world imo.



Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: BenCodie on August 05, 2023, 10:27:21 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

It's possible, there are two things to consider:

1. How worthless is the USD against Bitcoin?
2. Is USD still being used to-date?

If USD is still being used within a functioning economy, I think a more realistic opinion is for one satoshi to be worth $0.01 USD. This would mean 1 BTC would equal $1,000,000.

Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: michellee on August 05, 2023, 02:18:10 PM
If we talk about the future, it might happen in the future. But sadly, we don't know whether it will happen or not. And nothing is impossible when talking about the future but we don't need to think about it and just let it happen.

We've seen how surprising Bitcoin has been and never thought Bitcoin would have come this far. So anything can happen, including the price of Bitcoin reaching $1,000,000. But I can't imagine how much Bitcoin was worth then, so I thought we should enjoy this journey.

And if 1 sat doesn't equal $1 later in the next few years, that's OK too because we don't expect to see that any time soon. Maybe this is the target Bitcoin wants to achieve in the future, but we don't know when.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Who is John Galt? on August 05, 2023, 02:24:37 PM
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time,
This assumption is wrong. We are going to the future, not the past. Technologies will develop and inevitably many of the lost coins will be recovered, either remember it or brute force it.

Of course, as part of the discussion of the possibility of an exchange rate of $ 1 for 1 satoshi, the possible loss of bitcoins was taken only as an example of what, in general, such a process can take place, therefore, it is not so significant how true this assumption is, however, in fact, some bitcoins will be "lost". Yes, some will be returned to circulation from previously lost ones, but in order to overcome the capabilities of new computers, bitcoin will also become more complicated, and new bitcoins will be lost again for various reasons. So it's just that half of the issue looks like an outrageous assumption, and not the process itself.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: taufik123 on August 05, 2023, 04:22:14 PM
-snip-
Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?
It would be terrible inflation when the USD loses its value and makes Bitcoin reach unthinkable prices.
Will that really happen in the future?

It depends on the role of the government in tackling the inflation that will occur.
The government will not allow such extreme events to happen.

Bitcoin will be a strong competitor and will rule the world payments if 1 Sat = 1$.
It will be a crazy world, economic turnover that cannot be predicted and there will be many policy changes.

Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Sanitough on August 05, 2023, 06:57:48 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
Yes, we all know with bitcoin everything is possible. So regardless if it’s a way long process before realization, the fact that there are a lot of bitcoin users now so perhaps it’s promotion will also grow along with its bitcoin price as well. However, if bitcoin has its chances to rise into million’s value, then maybe it’s also possible that it will also drop in the future and reach a very deep price. It has happened before so everything will never be impossible with bitcoin. And with Satoshi’s value concern, maybe it could also reach into $1 but surely it will take a lot of processes before it will be finally achieved.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: flyingcarpet on August 05, 2023, 07:12:25 PM
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.

I don't think we'll ever see anything like this. Even after a few generations nothing like this will happen. But it's good to think about. What happened in this market? Many times we were surprised. We watch a tiny thing in our hands grow over time. Bitcoin has become something that grows, gains value and is talked about every day.

In terms of monetary value, I don't think anything can be that valuable. Therefore, reaching the value of 1 dollar cannot go beyond being something that can only be watched if the movie is made.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: ScamViruS on August 05, 2023, 07:17:51 PM
Even 7-8 years ago we could not have expected Bitcoin to reach the price it is currently trading at, but the reality is that Bitcoin has achieved it. Investors who understood the future potential of Bitcoin at the time have now become hugely successful. So I think anything can happen with Bitcoin, I wouldn't be surprised if Bitcoin becomes 1 satoshi equal to $1 in the future. So let's see if Bitcoin can fulfill our expectations in the future.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: WatChe on August 05, 2023, 07:37:11 PM
There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.

Yes, bitcoin will continue to surprise us, but this specific one will undoubtedly take some time to happen. Maybe we won't live to see that day because I don't see it happening anytime soon if not so far, it’ll take at least a century before we can witness that with bitcoin now.

No one has ever imagined back in 2009 or 2010 that Bitcoin will be touching 69k USD after 10 years. Our discussion is based on the fact that Bitcoin never stop from giving surprises and there is no way one can predict future price of Bitcoin. As global fiat currencies are going down, who knows we saw a pump in Bitcoin value that will take its price to moon. Its a situation of may or may not be.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: EFS on August 05, 2023, 09:52:11 PM
Who is John Galt? explained well. It's not mathematically impossible, but I don't think it will happen in a time frame that we can see. For this to happen, both the dollar must depreciate enormously and Bitcoin must rise rapidly. In such an environment, 1 sat = 1 dollar won't make much sense anyway. I would focus on the rate of 1 sat = 1 cent. We're much more likely to see that in the future.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Poker Player on August 06, 2023, 07:58:56 AM
Who is John Galt? explained well. It's not mathematically impossible, but I don't think it will happen in a time frame that we can see. For this to happen, both the dollar must depreciate enormously and Bitcoin must rise rapidly. In such an environment, 1 sat = 1 dollar won't make much sense anyway. I would focus on the rate of 1 sat = 1 cent. We're much more likely to see that in the future.

That would be 1 Bitcoin= $1M. Many of us dream of it and it has been predicted several times that it would come faster than it actually will, starting with John McAfee, who predicted it for 2020.

I believe it will eventually arrive but by then $1M will be worth considerably less than it is now.

Two and a half years ago I proposed, (https://bitcointalk.org/index.php?topic=5318965.0) without much success it must be said, to call bitcoinaires those who had a net worth equivalent to the price of a median US home at that time, and 10 times the median US household income. That was equivalent to $1M at that moment. With inflation, as of today a bitcoinaire should have about $1.15M of net worth, following the definition.

By the time Bitcoin reaches $1M the median house in the USA if it hasn't reached $1M it won't have much left. I estimate that by then bitcoinaire should have about $2 and $3M in then dollars.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: BenCodie on August 06, 2023, 08:37:27 AM
-snip-
Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?
It would be terrible inflation when the USD loses its value and makes Bitcoin reach unthinkable prices.
Will that really happen in the future?

Why wouldn't it? Pretty much all fiat currencies are 95-99%+ down from their initial value in terms of purchasing power. There's no magic that can turn those 50+ years of decline around significantly. CBDCs are coming soon, and that will only accelerate the decline as bankers can probably mint currency at the click of a button. Not even cash/paper will back money anymore, at least in the West. BRICS will be backed by gold (not sure how accurate this will turn out in turns of verifying the backing of money supply with gold).

It's not unrealistic to assume the same decline that we've been seeing for decades.

It depends on the role of the government in tackling the inflation that will occur.
The government will not allow such extreme events to happen.

Proven by negative events ranging from the great depression to the global financial crisis, sometimes governments and banks have no control. It's like trying to close a black hole. If you really trust that global government have so much control that they can keep the money system going forever, then I look forward to coming back to this post :)

Bitcoin will be a strong competitor and will rule the world payments if 1 Sat = 1$.
It will be a crazy world, economic turnover that cannot be predicted and there will be many policy changes.

1 Sat = $1 is not what determines whether or not Bitcoin becomes the ruler of world payments. Other currencies might still thrive, like BRICS, while USD deteriorates. It will not take over world payments at once, but it's first large "boss fight" is West and the EU - who we all think is the most resilient, but are actually weaker (when it comes to monetary strength out of the power nations). It's likely they will be absorbed first.

Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: yhiaali3 on August 06, 2023, 08:42:12 AM
Theoretically it is possible, why not? But I expect that this needs maybe 100 years at least. Bitcoin started at a price of cents and after about 10 years surpassed 70k$. So anything is possible in the end, even if it is very far away.

But what will be the purchasing power of the dollar at that time? This is what we have to think about, maybe 1 Satoshi = $1, but its purchasing value is worth nothing as is the case now, i.e. the purchasing value of 1 Satoshi is worth nothing now.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Trawda on August 06, 2023, 08:46:59 AM
Not impossible anyway, but not a century ago.
In my opinion, more important than the price of Bitcoin in that distant time should be concern about mass adoption, will Bitcoin be accepted globally at that time?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: GeorgeJohn on August 06, 2023, 09:03:18 AM
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
The answer to this question is that nobody knows how many centuries it will take bitcoin, but what I want you to understand is that the centuries does not determine the increase of bitcoin what determine is the adoption of bitcoin, if bitcoin get adopted and have more support by different continent that means the chance of bitcoin getting elevated to your end expectations is slim, what propagate bitcoin increment is the number of companies that embrace bitcoin and accept it as means of payment, if company like apple and amazon should adopt bitcoin fully without having a setback on bitcoin transaction and adoption that will skyrocket the price of bitcoin more, and secondly other companies will like to follow same method to ensure that bitcoin has been use as a means of payment transaction. So the future will determine if bitcoin will reach to such.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: fuguebtc on August 06, 2023, 09:33:07 AM


Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

Research for the next 15 years, and what have you researched? There is nothing wrong with many people's goal is $100k and they will profit there. We are here to make profit and so we need to buy and sell not by holding for 15 years when we won't know what will happen at that point.
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 06, 2023, 10:31:57 AM
If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin.

Exactly. And I don't see the US Dollar losing its place as the reserve currency of the world anytime soon. "De-dollarization" is just getting started. It's going to take decades before the "greenback" loses its value for good. While some countries are beginning to adopt BTC as legal tender, we still have a long road ahead before the digital currency rules the world. When that happens, things will be valued in satoshis instead of traditional Fiat (mainly the USD).

I'd say $1 per satoshi is insane considering that you'd need to spend a lot of money for your transaction to go through the Blockchain. But it makes sense when there's hyperinflation surrounding the USD. We won't be alive by the time this becomes a reality. I'm fine with BTC's current market price, as long as decentralization remains untouched. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: DanWalker on August 06, 2023, 10:50:38 AM
If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin.

Exactly. And I don't see the US Dollar losing its place as the reserve currency of the world anytime soon. "De-dollarization" is just getting started. It's going to take decades before the "greenback" loses its value for good. While some countries are beginning to adopt BTC as legal tender, we still have a long road ahead before the digital currency rules the world. When that happens, things will be valued in satoshis instead of traditional Fiat (mainly the USD).

I'd say $1 per satoshi is insane considering that you'd need to spend a lot of money for your transaction to go through the Blockchain. But it makes sense when there's hyperinflation surrounding the USD. We won't be alive by the time this becomes a reality. I'm fine with BTC's current market price, as long as decentralization remains untouched. Just my thoughts ;D

I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Shinpako09 on August 06, 2023, 02:35:00 PM
Lol. My what-if moment occurred to me in 2014 or 2015. Anyway, maybe and maybe not. We haven't seen BTC climb this much before, so this concept is plausible, but the question is, will you be alive by the time it happens? Because it could take a long time to get there. Maybe not, because the governments of that era would never allow it to happen.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: taufik123 on August 06, 2023, 03:14:18 PM
Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.
LOL, 15 years in the future, why is it too far away if you just want to benefit in the end? We also won't know if we are still alive or not 5-15 years from now.
It's not about how long you can hold it or how long you can hold it, it's about what price target you should be able to achieve.

$100k is a real target for me and at that point, I will take profits and buy again.
Remember that Bitcoin is volatile, it could be that when it reaches ATH $100k Bitcoin will return to prices below $50k, which is very possible.

It's better to respect each other's decisions. Doubting is fine, but there's no need to compare it with your own belief method.

-snip-
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.
You are right about the argument, I would also take profits first at a predetermined target price and then buy back. Instead of waiting 15 years and that's a crazy long-term mission with no buyback plan or anything like that and waiting until death.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Asuspawer09 on August 06, 2023, 04:00:57 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

I mean for sure, nothing is impossible on Bitcoin at this point we already see Bitcoin broke the impossible. who could have thought that Bitcoin back in 2011 is going to reach the market price of around 70k$ or its currency's all-time high? In the early years, there are a lot of doubts that Bitcoin is going to reach even only a 100$ but now that we see it increase its market price we could already say that in the coming Bullrun for sure the market price is going to reach 100k$ or even more right. So I think it is obviously possible to happen, I mean with 21 million supply we could totally reach a significant amount in the future, Just imagine what going to be the price of Bitcoin when a huge percentage of the population around the world starts to use Bitcoin because today there was only a very small percentage that is using Bitcoin likes to say that 90% of people are now using Bitcoin make the price of Bitcoin probably is going to skyrocket and it's going to exceed our expectation again.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: crwth on August 06, 2023, 04:07:25 PM
To dream about this is okay but it wouldn't really check out. A lot of members have already explained why it couldn't happen but let's add more to the discussion.

There can be a possibility where
  • $1 dollar is worthless because of inflation
  • $1 dollar is still how we perceive it now

I think it's more plausible on the first one rather than the second. If the dollar becomes like Zimbabwe dollars, it could lol.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: imamusma on August 06, 2023, 05:49:26 PM
Not impossible, but still highly implausible to hope for in the near future. We all don't know what will happen in the future, and if 1 sat = 1 dollar, then it would be really amazing to be true.

OP, I'm not expecting 1 Sat = 1 dollar, but maybe we all really do expect bitcoin to break through $500k in the next few years. Not sure how high bitcoin ATH will be in the next bullish period, but I think 1 Sat will be worth a lot more expensive then compared to now. We know bitcoin has the potential to reach a higher value year after year, but 1 Sat = 1 dollar will not be as easy as it seems.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 06, 2023, 05:50:16 PM
I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.

Bitcoin has done the impossible, so I wouldn't be surprised if it hits $100m in the future ($1 per satoshi) due to ever-increasing inflation rates. But I concur with you that BTC will never replace Fiat currencies because governments will not allow that to happen. They want control/power more than anything else. You can see why El Salvador hasn't ditched the USD completely even with recent legislation in favor of making BTC legal tender.

Without Fiat, I don't see how mainstream governments will survive. I'm fine with BTC as an alternative to Fiat as long as it remains decentralized and censorship-resistant. I'd suggest you keep buying and "hodling" BTC as the best is yet to come. Who knows if you'll become rich by the time BTC goes to Mars? Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: BenCodie on August 06, 2023, 09:47:33 PM


Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

Research for the next 15 years, and what have you researched? There is nothing wrong with many people's goal is $100k and they will profit there. We are here to make profit and so we need to buy and sell not by holding for 15 years when we won't know what will happen at that point.
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.

I won't bore with all of my research topics - though to summaries
- Geopolitical factors both relating and not relating to Bitcoin
- The future of fiat and where it is destined to go
- Price reactions of limited supply commodities during recessions and monetary expansion

The future is no unpredictable in the long term. You can get an idea, which helps to do things like hold BTC in the long-term, with a strategy that allows you to exit high and re enter low.

If you think the 15 year future is unpredictable, then what makes you think that you predicting the next 1 year is much different?

Researching 5, 10, 15 years ahead allows you to plan even if the 1-2 year outlook doesn't come through like everyone is expecting.
Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.
LOL, 15 years in the future, why is it too far away if you just want to benefit in the end? We also won't know if we are still alive or not 5-15 years from now.
It's not about how long you can hold it or how long you can hold it, it's about what price target you should be able to achieve.

$100k is a real target for me and at that point, I will take profits and buy again.
Remember that Bitcoin is volatile, it could be that when it reaches ATH $100k Bitcoin will return to prices below $50k, which is very possible.

It's better to respect each other's decisions. Doubting is fine, but there's no need to compare it with your own belief method.

Both of you misunderstood my post. It's better not to worry about the next 1,2 3 years. Having a plan for 5+ means that you can survive for much longer even if the precious 100k target is not met in the next 1-2  year future.

The market likes people like you both - people who bank on a near term outcome.



Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: STT on August 06, 2023, 10:23:09 PM
New value isnt so likely created as we see value redirected from elsewhere.   There is a utility to BTC and I think worth from that but alot of this discussion would be from people using BTC instead of trying to sort through all the processes to deal with Dollar.  Alot of people in the world have only distant contact with Dollars at least digitally, hence why so much paper is circulating outside the borders of USA.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: serjent05 on August 06, 2023, 11:16:54 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Everything have possibility in the future but we should consider the percentage that it could happen.  To be honest, no one can tell what lies ahead, only speculation and prediction might be the only thing a person can do in hopes to unfold what lies ahead but that can't be considered as a fact unless it happens.

Now 1 satoshi equals 1 dollar is the dream price of almost every Bitcoin holder but I would stay sane and rational so I guess that is almost impossible to happen in our lifetime here on earth.  So I think we should leave the future generation to answer this question.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: n0ne on August 06, 2023, 11:34:59 PM
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.

This may happen one day, we never know the economic conditions of the world and what is going to happen after 50+ years. Technically and theoretically it is possible for 1 Sat to reach 1$ and we cannot deny that equation.

Being optimistic about BitcoinBTC, I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.
We need to be realistic with the calculation. As stated in one of the previous post the value could go high above cents, but this isn't an easy thing to reach a dollar. In my understanding such a growth could happen only if every country around the world agree with the one currency system and start using it. This is really impossible thing, so 1sat to reach a dollar is something unrealistic in my view.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: fuguebtc on August 07, 2023, 03:35:37 AM
-.-



I know everyone has a different mindset and vision, but I prefer reality to living in a dream. It is not that we are short-sighted or only interested in the short-term but ignore the long-term. As you also said, even the future in the next 1 year we cannot predict, so isn't it meaningless to predict and prepare for the next 15 years? We should find a way to live well until 1 year later and if we can get through it, we continue to plan for the next year. We're not even sure if we'll live to tomorrow, so what's the point of thinking about the next 15 years?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: DanWalker on August 07, 2023, 04:13:10 AM
I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.

Bitcoin has done the impossible, so I wouldn't be surprised if it hits $100m in the future ($1 per satoshi) due to ever-increasing inflation rates. But I concur with you that BTC will never replace Fiat currencies because governments will not allow that to happen. They want control/power more than anything else. You can see why El Salvador hasn't ditched the USD completely even with recent legislation in favor of making BTC legal tender.

Without Fiat, I don't see how mainstream governments will survive. I'm fine with BTC as an alternative to Fiat as long as it remains decentralized and censorship-resistant. I'd suggest you keep buying and "hodling" BTC as the best is yet to come. Who knows if you'll become rich by the time BTC goes to Mars? Just my thoughts ;D

Admittedly bitcoin has done what no other asset has, growing millions of times in just 13 years while still more than 90% of the world's population hasn't invested in it. I haven't thought about $100 million per bitcoin but if it hits $1 million, then I believe it will come to our generation.

We all wish bitcoin would replace the fiat system, but that is clearly very unlikely when the government is still the one controlling the world. Bitcoin fit is a more alternative, and that's what I expect to happen soon.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Joshapat on August 07, 2023, 12:05:07 PM
1 satoshi worth $ 1 means 1 btc is worth $ 100 million, of course we are really waiting for this to happen, of course nothing is impossible if one day 1 satoshi can reach $ 1, but we must understand that bitcoin transaction fees are of course also very expensive, maybe for sending $1000 costs at least $100 or 10% of the value we send.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Who is John Galt? on August 07, 2023, 03:18:50 PM
1 satoshi worth $ 1 means 1 btc is worth $ 100 million, of course we are really waiting for this to happen, of course nothing is impossible if one day 1 satoshi can reach $ 1, but we must understand that bitcoin transaction fees are of course also very expensive, maybe for sending $1000 costs at least $100 or 10% of the value we send.

The cost of transactions is already sometimes quite high for small payments, this does not affect the possibility of a rise in the price of bitcoin so much. Also, various proposals are constantly coming out on how to reduce the cost of a transaction. The Lightning Network is actively developing, other layer 2 proposals are appearing. I don’t think that the cost of a transaction will be able to really limit the growth of bitcoin. But the real correlation with all the capital of the world completely limits growth from above.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: $crypto$ on August 07, 2023, 04:29:04 PM
1 satoshi worth $ 1 means 1 btc is worth $ 100 million, of course we are really waiting for this to happen, of course nothing is impossible if one day 1 satoshi can reach $ 1, but we must understand that bitcoin transaction fees are of course also very expensive, maybe for sending $1000 costs at least $100 or 10% of the value we send.
I can imagine how bitcoin 100 million but we have to think again how with the inflation rate of the dollar of course $1 will not be valuable or when bitcoin hits 100 million then $1 is equivalent to $0.01 because of the continuous inflation rate.

If relying on onchain obviously this will be expensive, but I think in the future there will be more second layer networks in bitcoin to solve the problem of lower costs, currently the Lightning Network has started to be popular and many of its uses.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Adbitco on August 07, 2023, 09:16:14 PM
Mate with the rate bitcoin is flyinging very higher I can't fully say that a satoshi won't worth 1$ if you could flashed back then when a whole bitcoin was sold for 1$ did you believe we could get to this level today? No!
Naturally it may takes years maybe before we could witnessed about 10 halving or so we might see it to worth a dollar, 10 times halving I mean is that since it takes every 4 years for halving that is to say, 4 x 10 = 40 years time to come although it might not get to this but is just my prediction and if at all there will be more halving to come, because if bitcoin total supply keeps reducing there will be scarcity of bitcoin which might possibly make 1 bitcoin to be 10 million dollars before 40 years time to come.


Note: This is based on our speculation discussion, there are no real data to show that my explanation.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Agbe on August 07, 2023, 09:27:29 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
Op if not that Miners are getting their percentage from the TX fee I would have said let the transaction should be free like the Fiat Bank. Though Fiat Banks deduct very small amount of fees in every months. Because time is coming that people will be doing transaction with bitcoin every day and each transaction you must pay tx fee which is not really good for the buying and selling of goods and services with bitcoin but it has come to stay so let the tx fee should be very low even in the future. We all see and experienced what happened in the hike of fee in the bitcoin transaction in this year and everyone was complaining. So I prefer the low fee at all time.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: KingsDen on August 08, 2023, 10:35:25 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

1 sat = $1
What a dream! This is not gonna happen any soon or simply put that it's not gonna happen. I applaud Op for being able to think out this because it is purely insane to reason. We should instead think how bitcoin to make $100  and after that bitcoin will make $1k and yet 1 sat will not be $1. Even if 1 BTC = $1M, 1 sat will not be $1.
When 1 sat will make $1 is if bitcoin values to the range of $100M and this is impossible. The only thing that will actualize this is if the USD is on a steady and speedy decline for 10 good years. And if that happens, the world economy must have collapsed.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: SamReomo on August 08, 2023, 04:58:43 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

1 sat = $1
What a dream! This is not gonna happen any soon or simply put that it's not gonna happen. I applaud Op for being able to think out this because it is purely insane to reason. We should instead think how bitcoin to make $100  and after that bitcoin will make $1k and yet 1 sat will not be $1. Even if 1 BTC = $1M, 1 sat will not be $1.
When 1 sat will make $1 is if bitcoin values to the range of $100M and this is impossible. The only thing that will actualize this is if the USD is on a steady and speedy decline for 10 good years. And if that happens, the world economy must have collapsed.

It may happen in 2140's but we won't be able to see it happening then. I even saw someone else who thought a similar thing that what would be the life of Bitcoiners when the price of a Satoshi become $1 in value, and the response that person received were almost similar to the ones in this thread.

I'm quite sure that many of us will see the day when one Bitcoin will be worth at $1 million dollars because that's surely going to happen in a decade or two, however 1 Satoshi to $1 is not going to happen in our limited lifetime. There is most probable chance that the price of a single Bitcoin would be $100 million in 2140's and only then someone can see a single Satoshi worth at $1 dollar in value.

There is another thing that could make the process of 1 Satoshi valuing at $1 dollars, and that's the decline of dollar in value due to huge inflations, and even that thing is not going to take place anytime soon. I know that there are some economies that are working on BRICKS currency to make USD less important then its current levels, but even those won't be able to devalue the USD anytime soon.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: South Park on August 08, 2023, 10:07:20 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
That would mean 100 million dollars for each coin, and as high as that number may seem to be we cannot really discard that scenario from happening, after all we have a very recent example on the hyperinflation that Zimbabwe suffered and the now infamous one hundreds trillion dollars bill which depicted how horrifying the inflation as at the time, however if that were to happen to the US then if anything a price of 100 million dollars per coin would be a low price for bitcoin, however do I expect that price to be reached under normal circumstances? Probably not, at least as long as I am alive.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Bitcoin_people on August 09, 2023, 04:34:10 AM
There is no doubt that 1 satoshi will be $1 dollar in the future but it is definitely a long time to see it maybe not in our lifetime but our future generations will see it. In the case of the Bitcoin price consistently, we can safely say that it is possible because Bitcoin has a near future. I believe the value of Bitcoin will change over time and in its future everything will be possible with Bitcoin. We predict that it is certain and possible that 1 satoshi will be worth $1 dollar in the future where bitcoin will be worth $100M.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: peter0425 on August 09, 2023, 06:05:15 AM
1 satoshi worth $ 1 means 1 btc is worth $ 100 million, of course we are really waiting for this to happen, of course nothing is impossible if one day 1 satoshi can reach $ 1, but we must understand that bitcoin transaction fees are of course also very expensive, maybe for sending $1000 costs at least $100 or 10% of the value we send.

 yes what we can always say? if this is possible but of course that is far from now so let us not make this a problem instead let us focus in purchasing power because this will satisfy our needs in the coming bull run.
There is no doubt that 1 satoshi will be $1 dollar in the future but it is definitely a long time to see it maybe not in our lifetime but our future generations will see it. In the case of the Bitcoin price consistently, we can safely say that it is possible because Bitcoin has a near future. I believe the value of Bitcoin will change over time and in its future everything will be possible with Bitcoin. We predict that it is certain and possible that 1 satoshi will be worth $1 dollar in the future where bitcoin will be worth $100M.
that is exaggerating , how come that you have that Idea? how old are you mate? because this may come in the next 2-3 halving and not unless you will die early then yeah not in your lifetime lol.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: bitbollo on August 09, 2023, 06:11:45 AM
we cannot be sure if this will happen in the future, but taking a very broad (if not infinite) horizon and considering bitcoin an innovation that "lasts" over time...
I would say yes, that it is possible that 1 satoshi reaches 1 dollar.
The real question is... "when"?
I hardly believe we will still be alive to enjoy this moment... meanwhile we continue to wait patiently... ::)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: 19Nov16 on August 09, 2023, 03:04:59 PM
In my opinion, if Bitcoin can last at least 25 years then it can reach $ 1 for 1 Satoshi, Bitcoin is currently around 14 years and in my opinion it is too early to be able to see big developments, moreover the more users so that the hope to see the price of $ 1 is very likely to occur.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: jaberwock on August 09, 2023, 03:55:44 PM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
That is what others are saying as well although they don't mean that 1 satoshi can be equal to 1 dollar. I think that is ridiculous anymore. They only said that BTC can be able to reach $100k which I also think more possible. The potential price of a crypto can be calculated by its supply.

I think someone already do an estimation if higher prices for BTC ( higher than $100k, $200k and so on.) is possible and the result shows that it isn't. It is said that for it to be possible, we will also need a shit tons of money to be poured in the BTC market but that is unlikely. Even if there is no such thing as 1 million dollars per BTC or 1 dollar per satoshi, BTC to have a value of $100k is already a good blessing to us.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 10, 2023, 02:57:25 AM
Op if not that Miners are getting their percentage from the TX fee I would have said let the transaction should be free like the Fiat Bank. Though Fiat Banks deduct very small amount of fees in every months. Because time is coming that people will be doing transaction with bitcoin every day and each transaction you must pay tx fee which is not really good for the buying and selling of goods and services with bitcoin but it has come to stay so let the tx fee should be very low even in the future. We all see and experienced what happened in the hike of fee in the bitcoin transaction in this year and everyone was complaining. So I prefer the low fee at all time.

Miners will be living well once a satoshi reaches parity with the US Dollar. But average users like you and me will ultimately pay the price as the cost of on-chain TX fees will be too high to bear. I think developers will come up with a solution before this happens. Something like "Fractional Satoshis" would do the trick.

We're talking about decades, if not centuries, before BTC goes to the predicted price of $100m per coin (which translates to $1 per satoshi). Never underestimate the power of Bitcoin. With world inflation on the rise, anything's possible. Who knows if the world adopts the "Bitcoin Standard" soon? Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: kotajikikox on August 10, 2023, 04:20:30 AM
1 satoshi worth $ 1 means 1 btc is worth $ 100 million, of course we are really waiting for this to happen, of course nothing is impossible if one day 1 satoshi can reach $ 1, but we must understand that bitcoin transaction fees are of course also very expensive, maybe for sending $1000 costs at least $100 or 10% of the value we send.
I can imagine how bitcoin 100 million but we have to think again how with the inflation rate of the dollar of course $1 will not be valuable or when bitcoin hits 100 million then $1 is equivalent to $0.01 because of the continuous inflation rate.
not sure what should be the benefits of getting to 1 dollar when the transaction fees will climb like skyrocket as well.
maybe I am enough of bitcoin hitting a million and thats it.
Quote
If relying on onchain obviously this will be expensive, but I think in the future there will be more second layer networks in bitcoin to solve the problem of lower costs, currently the Lightning Network has started to be popular and many of its uses.
lightning network had been there for long time now but till now there are only small users that uses it or businesses that accepted the network so it will still not helping the market that high.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: CarnagexD on August 11, 2023, 03:55:34 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Yes nothing is impossible in the market, anything has a likelihood of happening over another. But imagine if BTC which is now one of the most volatile asset in human history crashed, many people would be affected. That also means that other asset classes would be greatly affected. Stocks would follow to go down, houses, real state. The whole economy too would be affected.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: gunhell16 on August 11, 2023, 10:43:10 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

I think that could happen, we just don't know when. If we go back to the year 2017, no one expected that Bitcoin would be more than 20k$ each, many people were surprised by that event and when in 2020-21 its value kicked again in the market by 69k$ then it dropped again and now it is closed to 30k$ each.

Maybe if that happens, I may be old or I may no longer be in this world if not the end of the world. This is just my assessment based on your question dude. Think about that happening even if you only have 0.01Btc it's a big deal to me if I can reach that.



Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: xSkylarx on August 11, 2023, 10:47:54 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

That's huge, and if this will happen, probably we are already dead, and it is nearing its last halving, which is in the next generation. There are really possibilities in the next few decades, but right now, as of the moment, we can't say that will happen because it needs to make the price of a bitcoin into a million, and right now we are still having problems with its adoption as a lot of countries governments are banning it, so let's see.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: posi on August 11, 2023, 01:33:55 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

That's huge, and if this will happen, probably we are already dead, and it is nearing its last halving, which is in the next generation. There are really possibilities in the next few decades, but right now, as of the moment, we can't say that will happen because it needs to make the price of a bitcoin into a million, and right now we are still having problems with its adoption as a lot of countries governments are banning it, so let's see.

Honestly, that's a crazy prediction but we also can't say it won't happen because we also have no proof that bitcoin won't hit $100 million, but once again, that's crazy. Right! we need to be more realistic with what's going on and what we're facing. We haven't even hit $100,000 let alone $1 million, which is a goal that won't be reached anytime soon. But I believe the government ban will be resolved soon because there are not too many countries banning bitcoin. And for it to hit a million dollars, we need a lot of factors combined, not just government acceptance of bitcoin.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: _BlackStar on August 11, 2023, 10:22:25 PM
1 sat = 1 dollar is very unlikely right now - but there is a good chance of it in the future. I've never believed the other way around - meaning anything that looks like it has potential then I think it has a possibility of being achieved. But to get to 1 dollar for 1 sat then of course we need to wait decades from now - of course because to move a market as big as the market would require a bigger flow of money than now.

Maybe the expectations were too high - but I don't see it as anything to complain about. However, what is clear is that 1 sat = 1 dollar is still achievable even though I believe many of us would have sold bitcoin if they had touched $500k.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Renampun on August 12, 2023, 02:15:52 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 13, 2023, 12:00:17 PM
Honestly, that's a crazy prediction but we also can't say it won't happen because we also have no proof that bitcoin won't hit $100 million, but once again, that's crazy. Right! we need to be more realistic with what's going on and what we're facing. We haven't even hit $100,000 let alone $1 million, which is a goal that won't be reached anytime soon. But I believe the government ban will be resolved soon because there are not too many countries banning bitcoin. And for it to hit a million dollars, we need a lot of factors combined, not just government acceptance of bitcoin.

I'm in no hurry to see BTC valued way above $1m per coin. It'll be a slow and steady process that could take decades, if not centuries, before it happens. Considering that BTC has always been achieving new gains in market price, it's very likely 1 satoshi will cost $1 in the distant future. We don't need to worry about that, because we'll all be dead by the time this happens. Future generations will be the ones that will witness the event when BTC hits the $100m milestone.

The only way this will accelerate is if the USD experiences "hyperinflation" in an instant. A worthless USD will surely lead us to high market prices for BTC. No one can predict the future, so lets hope for the best. Just my opinion :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: doomloop on August 13, 2023, 06:28:09 PM
nothing is impossible in the market, anything has a likelihood of happening over another. But imagine if BTC which is now one of the most volatile asset in human history crashed, many people would be affected. That also means that other asset classes would be greatly affected. Stocks would follow to go down, houses, real state. The whole economy too would be affected.
The actual question is, will people still be buying Bitcoin if it reaches that high with the hope that they might get some profit from it? I mean, one can obviously not buy a very large portion of it, and buying a small portion of it and selling it when the price of Bitcoin actually moves maybe about 1% wouldn't really give you much profit, so I wonder if it is actually possible for the price of Bitcoin to reach that high considering there won't be enough demand for buying.

People don't think that what makes the price of Bitcoin go up is basically demand from the public, and the main reason behind the demand is profit or benefit, so if the price goes significantly high, people won't get getting any profit for their investments, so why would they still be interested? Unless it becomes globally accepted for goods and services by then.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Who is John Galt? on August 13, 2023, 06:35:47 PM
The actual question is, will people still be buying Bitcoin if it reaches that high with the hope that they might get some profit from it? I mean, one can obviously not buy a very large portion of it, and buying a small portion of it and selling it when the price of Bitcoin actually moves maybe about 1% wouldn't really give you much profit, so I wonder if it is actually possible for the price of Bitcoin to reach that high considering there won't be enough demand for buying.

People don't think that what makes the price of Bitcoin go up is basically demand from the public, and the main reason behind the demand is profit or benefit, so if the price goes significantly high, people won't get getting any profit for their investments, so why would they still be interested? Unless it becomes globally accepted for goods and services by then.

Don't forget that bitcoin is inherently deflationary, while fiat currencies are inflationary. This means that even in the absence of the expectation of a large increase in the price of bitcoin, it can be expected that holding funds in bitcoin will still be more profitable than in fiat. Therefore, people will still keep funds in bitcoins and spend fiat money.

Perhaps fast money lovers will become less interested in bitcoin, but those who are interested in preserving existing capital will become more interested in it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Mr.suevie on August 13, 2023, 09:23:09 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.
Anytime I can talks like this, I just like to go back to the time of when it all started and contrast with how far the market and growth of Bitcoin has become and if we look carefully we can see growth and adoption of Bitcoin is one thing people don't actually plan in stoping anytime soon and if the movement continue like this then it's very certain that in the nearing future the actually price of 1satoshi will be something to huddle for.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: serjent05 on August 13, 2023, 10:48:46 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.
Anytime I can talks like this, I just like to go back to the time of when it all started and contrast with how far the market and growth of Bitcoin has become and if we look carefully we can see growth and adoption of Bitcoin is one thing people don't actually plan in stoping anytime soon and if the movement continue like this then it's very certain that in the nearing future the actually price of 1satoshi will be something to huddle for.

Instead of thinking of going back in time, why not starts accumulating now and make up on the lost time and opportunities?  It is never too late if we start right now.  Bitcoin is here for a very long time and there are still many 4-year cycles ahead of us where the ATH-breaking event happens.  I believe if we are serious enough, we can even accumulate a single BTC in a 10-year duration.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: AmoreJaz on August 13, 2023, 10:54:22 PM
Honestly, that's a crazy prediction but we also can't say it won't happen because we also have no proof that bitcoin won't hit $100 million, but once again, that's crazy. Right! we need to be more realistic with what's going on and what we're facing. We haven't even hit $100,000 let alone $1 million, which is a goal that won't be reached anytime soon. But I believe the government ban will be resolved soon because there are not too many countries banning bitcoin. And for it to hit a million dollars, we need a lot of factors combined, not just government acceptance of bitcoin.

I'm in no hurry to see BTC valued way above $1m per coin. It'll be a slow and steady process that could take decades, if not centuries, before it happens. Considering that BTC has always been achieving new gains in market price, it's very likely 1 satoshi will cost $1 in the distant future. We don't need to worry about that, because we'll all be dead by the time this happens. Future generations will be the ones that will witness the event when BTC hits the $100m milestone.

The only way this will accelerate is if the USD experiences "hyperinflation" in an instant. A worthless USD will surely lead us to high market prices for BTC. No one can predict the future, so lets hope for the best. Just my opinion :)

as you already said in your OP, everything is possible to happen. however, such situation can't be seen in the near future, yet. we can always speculate on this thing but what good it will bring to us? might as well speculate what will happen in the next couple or 5 years, so we know what we can do right now, to prepare for such situation.
for now, it is better to think of what you can do to your portfolio that will matter for the next years or so, because that will assist us on how to think right now about what to do in order to take advantage of the opportunity that will knock our door at any given moment of time.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Davidvictorson on August 14, 2023, 02:20:00 PM
I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: romero121 on August 14, 2023, 05:15:15 PM
I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.
Satoshi to one dollar is not possible for now. There is a saying, anything beyond the limit goes unused. In such a way the price of bitcoin to touch a dollar is simply impossible. Maybe after few decades this could happen. Slowly there is good progress in terms of adoption, usability and acceptance. Lets see whether this is going to make good pumping.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: afbitcoins on August 14, 2023, 05:55:05 PM
1 satoshi can absolutely equal $1 in the future. this will signify a collapse of a fiat currency which has happened many times. The US dollar is not immune. Politics and banker greed causes it.

The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do

I'm quite suprised noone mentioned this already


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: bitterguy28 on August 15, 2023, 08:39:30 AM
I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.
Well, since I saw Doge's price almost reach $1, I feel that 1 satoshi has the potential to reach that price. At first I thought that if we look at bitcoin from the satoshi price, then the volume it gives will be very large. However, the base coin is bitcoin which has enormous potential. it's just that, to achieve that, bitcoin needs to have a very high price.
not sure why comparing to what made Meme coin towards satoshi?
Dogecoin is a whole coin when we are talking into a tin hair part of one Bitcoin.

But knowing what bitcoin is ? surely it will reach 1 satoshi=1 dollar

maybe in the long run , 5-10 years from now? who really can tell?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Minor Miner on August 15, 2023, 09:21:46 AM
I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.
Well, since I saw Doge's price almost reach $1, I feel that 1 satoshi has the potential to reach that price. At first I thought that if we look at bitcoin from the satoshi price, then the volume it gives will be very large. However, the base coin is bitcoin which has enormous potential. it's just that, to achieve that, bitcoin needs to have a very high price.
not sure why comparing to what made Meme coin towards satoshi?
Dogecoin is a whole coin when we are talking into a tin hair part of one Bitcoin.

But knowing what bitcoin is ? surely it will reach 1 satoshi=1 dollar

maybe in the long run , 5-10 years from now? who really can tell?

I think what he means is that even dogecoin, a useless coin that can reach 1 dollar per dogecoin, 1 satoshi can totally be worth 1 dollar. But to be honest, I never thought about that and I wanted to be more realistic. I will set goals for each stage one at a time, I don't want to think about things that are too far-fetched. To reach the goal of 1 bitcoin worth $1 million, bitcoin needs to hit 100k first and then 200k, 300k...And my first goal is for bitcoin hit $100k, when we get there, I will think further.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 15, 2023, 05:03:56 PM
1 satoshi can absolutely equal $1 in the future. this will signify a collapse of a fiat currency which has happened many times. The US dollar is not immune. Politics and banker greed causes it.

The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do

I'm quite suprised noone mentioned this already

That would be called "fractional satoshis". I believe Bitcoin Cash and eCash (formerly known as Bitcoin Cash ABC) have already implemented this. BTC could be divided into more units if it achieves such high market prices. Maybe half or a quarter of a satoshi will be the standard by the time this happens. Neither you or I will be alive once 1 satoshi hits $1. If it happens early, that means the USD lost its value big time. "De-dollarization" has already begun, so anything's possible.

I'd focus more on accumulating BTC for the future. Even if it doesn't hit $100m during our lifetimes, we can still profit with every new ATH. For what I know, $1m is right around the corner. Who knows? You might become the next Bitcoin millionaire if you act early. As long as BTC remains a deflationary cryptocurrency, there should be nothing to worry about. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: kripto_corumlu on August 16, 2023, 12:55:50 PM
Yes, if Blockchain keep continue working as it supposed to be without any hack or bugs, it's inevitable


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Pejoh Asu on August 18, 2023, 02:35:24 PM
Of course we hope that one day the price of 1 satoshi is equivalent to $ 1, so that 1 btc price $ 100 million, of course this is a fantastic value and makes many people rich, but we don't know whether bitcoin will reach $ 1 per 1 satoshi or be abandoned because it is not worth and found a better trading system.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: South Park on August 19, 2023, 11:07:12 PM
Of course we hope that one day the price of 1 satoshi is equivalent to $ 1, so that 1 btc price $ 100 million, of course this is a fantastic value and makes many people rich, but we don't know whether bitcoin will reach $ 1 per 1 satoshi or be abandoned because it is not worth and found a better trading system.
However that is precisely the issue, 100 million dollars for each bitcoin may seem like a fantastic price but what if I told you that you can only buy a soda with that amount on the future due to the inflation that is out of control? Suddenly 100 million dollars for each bitcoin does not seem anywhere as attractive, so while we often think about bitcoin in terms of dollars sometimes it is more accurate to think of it in terms of what you can buy with it, as this tells you more clearly the value of bitcoin compared to other assets.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: STT on August 19, 2023, 11:23:56 PM
Quote
Of course we hope that one day the price of 1 satoshi is equivalent to $ 1,

I really dont because this would represent a negative for those poorer people of the world.  I want BTC to be as cheap and available as possible so we have every level of the economy represented, Im determined if BTC ever became an elite vehicle for its speculator gains perhaps that it will fail at that point.  Bitcoin should stay true to its definition and represent the bits more then the billions even if it does head to the higest values feasible Im fairly sure we do need the smallest transactions to always be possible.  This has been a feature of impairment previously like 2017 I paid over 30 dollars to move a balance which despite great gains at that time was quite sad in being required.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 20, 2023, 05:48:07 PM
I really dont because this would represent a negative for those poorer people of the world.  I want BTC to be as cheap and available as possible so we have every level of the economy represented, Im determined if BTC ever became an elite vehicle for its speculator gains perhaps that it will fail at that point.  Bitcoin should stay true to its definition and represent the bits more then the billions even if it does head to the higest values feasible Im fairly sure we do need the smallest transactions to always be possible.  This has been a feature of impairment previously like 2017 I paid over 30 dollars to move a balance which despite great gains at that time was quite sad in being required.

I'm pretty sure developers will come up with a solution by the time 1 satoshi hits $1. They could either make satoshis fractional or simply move most of the network activity to the Lightning Network. We have plenty of years to enjoy BTC before this happens. It's likely we'll be dead once BTC goes all the way to $100m. It's an insane prediction, but anything's possible.

What matters is that Bitcoin remains decentralized so it could stand the test of time. No matter how much a BTC is worth in the future, I'd say it has already achieved its purpose in bringing financial freedom to all. Who knows if the whole world is close to adopting BTC as an alternative to Fiat currency? Just my opinion :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: dunfida on August 21, 2023, 11:59:15 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
Making out that simple path, then it cant really be just that possible.

1 BTC = 100,000,000 Satoshis
100M/Coin x roughly 20M supply circulating = thats whooping 2 Quardrillion
Even if we are just talking in our dreams then it cant really be that possible.

Even if we do say that it would be larger than Forex market even though the overall cant be determined but it do make out $5T per day trade volume
which we know that it would really be just that so small compared that Quadrillion mcap.

For sure even to those who do even hold up 0.01 BTC are already considered millionaire. Sweet!


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 22, 2023, 04:05:55 PM
Making out that simple path, then it cant really be just that possible.

1 BTC = 100,000,000 Satoshis
100M/Coin x roughly 20M supply circulating = thats whooping 2 Quardrillion
Even if we are just talking in our dreams then it cant really be that possible.

Even if we do say that it would be larger than Forex market even though the overall cant be determined but it do make out $5T per day trade volume
which we know that it would really be just that so small compared that Quadrillion mcap.

For sure even to those who do even hold up 0.01 BTC are already considered millionaire. Sweet!

It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: bitgolden on August 27, 2023, 05:36:10 PM
It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D
Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.

I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: peter0425 on August 28, 2023, 02:05:50 AM
It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D
Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.
while I believe in what you said , but not completely agreed , confirming that this will never happen in our Life time at least is over statement , because for most of us , there are no impossible to happen when it is about bitcoin.
isn't bitcoin proven more than enough ?  so maybe it is not happening but there is at least small chance.
Quote
I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.
indeed , exaggeration will not bring any good to all of us, because this is what it is accumulate more and expect good but not too much.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: GigaBit on August 28, 2023, 05:02:20 AM
I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.
I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.



Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 28, 2023, 04:45:07 PM
Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.

I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.

It doesn't matter how much a Bitcoin is worth in the future, as long as you're able to profit from it. You just need to buy low and sell high in order to get a ROI. We won't be alive by the time BTC hits $100m, but our descendants will. It would be crazy to think this will happen earlier, unless the USD experiences "hyperinflation". This would mean the end of the US Dollar as the world's reserve currency.

I don't envision BTC taking the USD's place in the future. But who knows? Maybe someday countries will go as far as adopting BTC as their reserve currency? Whatever happens, you can rest assured Bitcoin won't be going anywhere soon. As long as it stays decentralized, there should be nothing to worry about. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Vaskiy on August 28, 2023, 06:00:01 PM
Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment. For now we don't have much of access, but things could change over time. In such case the distribution will vary and will be in large scale. By that time this could happen, however when calculated against the market cap this is a something unrealistic. Lets see what happens.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Medusah on August 28, 2023, 09:33:39 PM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: gunhell16 on August 29, 2023, 07:23:04 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

If I base your question on the dollar value, dude, each bitcoin needs to be worth 100 million dollars first. And I don't know if I'm still alive or if it's the end of the world. It means that it is far from the truth and reality. Though others may think that everything is possible with Bitcoin or cryptocurrency,

But why should we think about that? The important thing now is how we can accumulate bitcoin and other potential cryptocurrencies for the future so that we have savings for our loved ones. We should just deal with the reality of our lives right now


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on August 31, 2023, 11:07:00 AM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

The USD has been showing signs of weakness over the past few years, so anything's possible. Especially now when many countries are moving away from the Dollar (mainly BRICS countries). The more countries abandon the USD, the less powerful it will be. In the event the USD loses its value drastically, Bitcoin will rise all the way to "Mars" in an instant. You can thank Bitcoin's deflationary design for that.

Ultimately, it's all about utility instead of the price. As long as BTC is useful, nothing else matters. Who knows what the future holds for the cryptocurrency? Just my opinion :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Texac on August 31, 2023, 01:22:22 PM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

The USD has been showing signs of weakness over the past few years, so anything's possible. Especially now when many countries are moving away from the Dollar (mainly BRICS countries). The more countries abandon the USD, the less powerful it will be. In the event the USD loses its value drastically, Bitcoin will rise all the way to "Mars" in an instant. You can thank Bitcoin's deflationary design for that.

Ultimately, it's all about utility instead of the price. As long as BTC is useful, nothing else matters. Who knows what the future holds for the cryptocurrency? Just my opinion :)

It is also possible although the chances are slim.  but before we see each bitcoin reach $100 million, we will have to go through a severe recession at that time.  and I wonder how we can deal with that situation, let alone our bitcoin investment.  don't forget America is the number 1 power and USD is dominating the world. The collapse of the USD means that our economy will also experience the worst.  so expecting the USD to collapse so that each bitcoin is worth millions of dollars is no different than expecting the worst economic recession in history.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: AakZaki on August 31, 2023, 10:04:06 PM
I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.
Bitcoin predictions of up to $1 Million dollars are crazy predictions and they will not happen while I am alive.
Wasn't expecting too much, Bitcoin reaching ATH just in 2024-2025 was a really great thing for me.
The Bitcoin price of $100k/BTC will be the highest it can be. Just need to wait for the price and depending on how we can be a diamond hand to hold.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Minecache on September 01, 2023, 04:08:07 AM
I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.
Bitcoin predictions of up to $1 Million dollars are crazy predictions and they will not happen while I am alive.
Wasn't expecting too much, Bitcoin reaching ATH just in 2024-2025 was a really great thing for me.
The Bitcoin price of $100k/BTC will be the highest it can be. Just need to wait for the price and depending on how we can be a diamond hand to hold.


Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: tygeade on September 03, 2023, 09:58:20 AM
Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.
That is true, reaching 1 million per bitcoin is something I expect to see in my lifetime. I know that it will be a tough one but it is not impossible neither. We have so many halving and so many financial crisis that will lead to inflation which will make bitcoin go up.

So, I think 1 million per bitcoin in the next 20-30 years is more than possible, actually I wouldn't even call it possible but would say that it is likely that it will happen. I believe that we are going to end up with a good return without a doubt. The best thing to do in this case would be making sure that it is going to be a good thing for a time being, and it should be fun to keep watching it one way or another and see how it grows overtime.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Ziskinberg on September 03, 2023, 11:35:01 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
I hope that but that can be possible if the price of Bitcoin becomes too expensive. But the question is if there is someone who is buying at that very expensive price and transaction fee because if that happens, I'd rather make use of my money for other investments. If only possible that there is a price limit for Bitcoin like say ONLY $100k highest price, the fees seem fair and acceptable. But if it reaches $1, people will possibly leave crypto.

Anyway, that was less possible than I thought.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on September 04, 2023, 10:55:44 AM
It is also possible although the chances are slim.  but before we see each bitcoin reach $100 million, we will have to go through a severe recession at that time.  and I wonder how we can deal with that situation, let alone our bitcoin investment.  don't forget America is the number 1 power and USD is dominating the world. The collapse of the USD means that our economy will also experience the worst.  so expecting the USD to collapse so that each bitcoin is worth millions of dollars is no different than expecting the worst economic recession in history.

The US economy needs to be in a point where there's no room for recovery. Only then, BTC will hit the $100m milestone. But that won't happen during our lifetimes, because the USD is still going strong (although weakening at a slow and steady pace). I'm fine with BTC reaching at least $1m, as long as it makes me rich. Of course, utility is more important the the price itself. BTC is already making strides as a Fiat alternative for the unbanked. If it keeps progressing, we might see it become the official currency of major countries worldwide (El Salvador took the first step of adopting BTC as legal tender).

The more popular BTC becomes, the higher its market price will be in the long run. Who knows if we'll be dealing with sats once the LN becomes a big hit? No one can predict the future, so lets hope for the best. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: AakZaki on September 06, 2023, 10:03:23 AM
Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.
The next generation will probably be a generation that is quite crazy about bitcoin. Currently bitcoin is still full of pros and cons, many are still not in line with bitcoin and lack of government support. Bitcoin's journey is still quite early and still relatively new digital currency, but it has an impact on the entire world and modern payment technology. $1 million won't be an impossible target as long as more bitcoin support continues to emerge. My first stop was at $100k and that's everyone's target for now.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: rat03gopoh on September 06, 2023, 10:28:38 AM
Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment.
Online or offline transactions won't help bitcoin reach that value. The only opportunity is if the amount of need and use of bitcoin increases greatly.
Let's say we have a scenario that something bad suddenly changes everyone's faith in the fiat of all countries which then shifts the entire volume of forex marketcap to the crypto market and bitcoin is the only viable hedge pair.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: doomloop on September 06, 2023, 04:31:51 PM
Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment. For now we don't have much of access, but things could change over time. In such case the distribution will vary and will be in large scale. By that time this could happen, however when calculated against the market cap this is a something unrealistic. Lets see what happens.
Well, it does sound like an unrealistic feat to achieve, and even if it actually happens, we won't really be alive to witness that, maybe our children or our grandchildren will be the ones witnessing such greatness. However, I personally like thinking about things that are possible and that can actually happen within a span of my lifetime only if I live until I'm very old since death is an inevitable thing and we never know when is our time to go, it's all so sudden.

So, what I feel is that we might see Bitcoin hitting $500k to $1m within a span of maybe 2 or 3 decades or maybe before that if global adoption takes a higher pace and countries and governments start legalizing Bitcoin and allowing everyone to openly use Bitcoin for whatever they want without any issues apart from the regulations and taxes and stuff.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on September 08, 2023, 01:21:24 AM
Well, it does sound like an unrealistic feat to achieve, and even if it actually happens, we won't really be alive to witness that, maybe our children or our grandchildren will be the ones witnessing such greatness. However, I personally like thinking about things that are possible and that can actually happen within a span of my lifetime only if I live until I'm very old since death is an inevitable thing and we never know when is our time to go, it's all so sudden.

So, what I feel is that we might see Bitcoin hitting $500k to $1m within a span of maybe 2 or 3 decades or maybe before that if global adoption takes a higher pace and countries and governments start legalizing Bitcoin and allowing everyone to openly use Bitcoin for whatever they want without any issues apart from the regulations and taxes and stuff.

BTC "has done the impossible", so I'm certain it'll be worth $1m decades from now. I'm happy with BTC being worth at least $1m, as long as it makes me wealthy. Like I said before, market price is not the only thing that matters. Usability is the key towards long-term success of any cryptocurrency. And I'd say BTC is a lot more useful than Fiat itself. The only issue is the high fees and slow confirmation times. Fortunately, we have the Lightning Network to "save the day".

I have a feeling everyone will be dealing in satoshis once BTC goes fully mainstream. That's because the price of a Bitcoin would be too high to bear (utterly-expensive). If Bitcoin creator Satoshi Nakamoto hadn't made BTC divisible to 8 units, things would've been worse by now. Just keep buying and holding Bitcoin to see promising results in the future. As long as BTC stays decentralized, there should be nothing to worry about. Just my opinion :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Latviand on September 08, 2023, 02:43:39 AM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.
That would mean nothing to bitcoin though as dollar is a global reserve currency which means that bitcoin will be worth nothing since it's value is pegged to dollar most of the time. The Federal Reserve printing more money isn't a problem for US at all as long as they have a dominance on the global market, they know that they can don't what they want. The likely scenario that 1 sat is equal 1 dollar would be that US acknowledges bitcoin as an equal or there's a total global adoption.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: gunhell16 on September 09, 2023, 06:51:23 AM
Making out that simple path, then it cant really be just that possible.

1 BTC = 100,000,000 Satoshis
100M/Coin x roughly 20M supply circulating = thats whooping 2 Quardrillion
Even if we are just talking in our dreams then it cant really be that possible.

Even if we do say that it would be larger than Forex market even though the overall cant be determined but it do make out $5T per day trade volume
which we know that it would really be just that so small compared that Quadrillion mcap.

For sure even to those who do even hold up 0.01 BTC are already considered millionaire. Sweet!

It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D

The question is, will we still be alive when the $1 in 1SAT happens? At this time, it's too good to be true. We are always in the reality of the life we have now. Although everything can happen with bitcoin or cryptocurrency, Who in the community doesn't want that to happen? Of course we all want it to happen while we're still alive, it's just that no one knows what will happen tomorrow.

Instead of thinking such thoughts, let's stop and face the things we should prepare for in the coming bull run season at the time when the bitcoin halving is happening next year. This is the only way I see it as the best way right now as a Bitcoin holder.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: redsun114 on September 10, 2023, 05:54:08 AM
If I base your question on the dollar value, dude, each bitcoin needs to be worth 100 million dollars first. And I don't know if I'm still alive or if it's the end of the world. It means that it is far from the truth and reality. Though others may think that everything is possible with Bitcoin or cryptocurrency,

But why should we think about that? The important thing now is how we can accumulate bitcoin and other potential cryptocurrencies for the future so that we have savings for our loved ones. We should just deal with the reality of our lives right now
It won't, there is really no need to think about this, there are way too many people who calculate based on price and not the market cap and that's our trouble. The same mindset of asking if 1 satoshi will be 1 dollar, is the same mindset of people who has if shiba will be 1 dollar as well.

They have no understanding of the concept of market cap, and because they do not understand what that means, they just look at the price and say "what if it just happens 1 dollar, nothing huge, just 1 dollar which is a small amount", well it might look small amount to say it is only 1 dollars, but the market cap becomes bigger than every asset in the world combined if you do that, hence why it will not happen. It is as simple as that.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Silberman on September 10, 2023, 06:36:39 AM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.
That would mean nothing to bitcoin though as dollar is a global reserve currency which means that bitcoin will be worth nothing since it's value is pegged to dollar most of the time. The Federal Reserve printing more money isn't a problem for US at all as long as they have a dominance on the global market, they know that they can don't what they want. The likely scenario that 1 sat is equal 1 dollar would be that US acknowledges bitcoin as an equal or there's a total global adoption.
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on September 12, 2023, 11:06:15 AM
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.

One thing is certain, and that is BTC's purchasing power will increase over time. This will happen not because Bitcoin is a deflationary cryptocurrency, but rather because of Fiat's ever-rising inflation rates. Central banks are working hard to reduce inflation, but that doesn't mean they will eliminate it. Eventually, 1 satoshi will be equal to $1. The real question is when.

If the USD experiences "hyperinflation", it's likely we'll see 1 satoshi being worth $1 during our lifetime. We're heading into economic uncertainty, so anything's possible. Just keep buying and "hodling" BTC to see brighter days ahead. Who knows what surprises we'll find in the future? Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Silberman on September 13, 2023, 06:42:37 PM
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.

One thing is certain, and that is BTC's purchasing power will increase over time. This will happen not because Bitcoin is a deflationary cryptocurrency, but rather because of Fiat's ever-rising inflation rates. Central banks are working hard to reduce inflation, but that doesn't mean they will eliminate it. Eventually, 1 satoshi will be equal to $1. The real question is when.

If the USD experiences "hyperinflation", it's likely we'll see 1 satoshi being worth $1 during our lifetime. We're heading into economic uncertainty, so anything's possible. Just keep buying and "hodling" BTC to see brighter days ahead. Who knows what surprises we'll find in the future? Just my thoughts ;D
And you are right, at some point one satoshi could be worth one dollar but without a doubt we will need a hyperinflation scenario for that to happen, and since this is basically a certainty as the many different presidents of the FED have stated very openly they are not going to allow a deflation to take place, then we can say hyperinflation will be the prevalent scenario on a worldwide crisis, still it does not really make me happy as even if I could benefit economically from it the amount of suffering such a crisis will generate is astonishing.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: khiholangkang on September 13, 2023, 09:00:22 PM
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.

One thing is certain, and that is BTC's purchasing power will increase over time. This will happen not because Bitcoin is a deflationary cryptocurrency, but rather because of Fiat's ever-rising inflation rates. Central banks are working hard to reduce inflation, but that doesn't mean they will eliminate it. Eventually, 1 satoshi will be equal to $1. The real question is when.

If the USD experiences "hyperinflation", it's likely we'll see 1 satoshi being worth $1 during our lifetime. We're heading into economic uncertainty, so anything's possible. Just keep buying and "hodling" BTC to see brighter days ahead. Who knows what surprises we'll find in the future? Just my thoughts ;D
And you are right, at some point one satoshi could be worth one dollar but without a doubt we will need a hyperinflation scenario for that to happen, and since this is basically a certainty as the many different presidents of the FED have stated very openly they are not going to allow a deflation to take place, then we can say hyperinflation will be the prevalent scenario on a worldwide crisis, still it does not really make me happy as even if I could benefit economically from it the amount of suffering such a crisis will generate is astonishing.

The hyper inflation scenario is too bad to reach 1 Sat to $1, and even if the dollar experiences hyperinflation it doesn't mean other countries' currencies also experience the same thing, what I mean is that if only America experiences inflation it won't be enough to push 1 Sat to $1, Unless all countries in the world experience the same thing, it is far from possible.

I have the same feeling as you, having wealth from bitcoin and seeing many people suffer is also quite painful for me personally, but it would be nice to spit on the people who insulted me investing in bitcoin today. :P


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Mr.right85 on September 13, 2023, 09:17:17 PM
One thing is certain, and that is BTC's purchasing power will increase over time. This will happen not because Bitcoin is a deflationary cryptocurrency, but rather because of Fiat's ever-rising inflation rates. Central banks are working hard to reduce inflation, but that doesn't mean they will eliminate it. Eventually, 1 satoshi will be equal to $1. The real question is when.
Will dollar continue to be the measure for world currency and reserves. Well, that’s a question for civilization to answer but then yes, 1 sat could equal a dollar in the future.
This you could tell as, bitcoin isn’t a currency for the few, it’s limited and it’s current value can’t serve humanity as should be ideal.

It’s just not enough and that’s why,
It continues to be a volatile currency, still amazing value to itself while gaining popularity and trust amongst individuals and organizations. Looking at what it’s done in the past decade and a few years, you could agree that it’s got more time to grow even bigger and it’s sat worth looking back to before making any sales.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: peter0425 on September 14, 2023, 08:08:05 AM
If I base your question on the dollar value, dude, each bitcoin needs to be worth 100 million dollars first. And I don't know if I'm still alive or if it's the end of the world. It means that it is far from the truth and reality. Though others may think that everything is possible with Bitcoin or cryptocurrency,

But why should we think about that? The important thing now is how we can accumulate bitcoin and other potential cryptocurrencies for the future so that we have savings for our loved ones. We should just deal with the reality of our lives right now
It won't, there is really no need to think about this, there are way too many people who calculate based on price and not the market cap and that's our trouble. The same mindset of asking if 1 satoshi will be 1 dollar, is the same mindset of people who has if shiba will be 1 dollar as well.
not sure if meme coin can be connected to Bitcoin or satoshi , because asking shib to reach one dollar is close to impossible but 1 satoshi? if bitcoin stays progressing for the next 10 or more years then possibilities are there.
Quote
They have no understanding of the concept of market cap, and because they do not understand what that means, they just look at the price and say "what if it just happens 1 dollar, nothing huge, just 1 dollar which is a small amount", well it might look small amount to say it is only 1 dollars, but the market cap becomes bigger than every asset in the world combined if you do that, hence why it will not happen. It is as simple as that.
actually back in the years when bitcoin does not even amounting a cents, people also have this mindset like yours , but what happened after 13 years?
who can say it will reach this high?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on September 30, 2023, 02:21:54 AM
And you are right, at some point one satoshi could be worth one dollar but without a doubt we will need a hyperinflation scenario for that to happen, and since this is basically a certainty as the many different presidents of the FED have stated very openly they are not going to allow a deflation to take place, then we can say hyperinflation will be the prevalent scenario on a worldwide crisis, still it does not really make me happy as even if I could benefit economically from it the amount of suffering such a crisis will generate is astonishing.

The thing is, most salaries are paid in Fiat. Not only that, but most merchants and/or businesses accept Fiat as payment method. You can bet that hyperinflation will increase our purchasing power in Fiat terms if we held BTC in our wallets. But the benefits will be low if the costs of goods and/or services become too high to bear. We'll have to see what happens by then. But only if we're alive by the time BTC goes all the way to $100m (where 1 sat = $1).

The sky is the limit to how far Bitcoin will go. I'm fine with just a slight increase in market prices as long as I'm able to fill my pockets with money. Just my two sats :D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: benalexis12 on September 30, 2023, 06:22:48 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Of course it's possible for that to happen, right? With Bitcoin, many didn't believe that it would be $1300 each, but what happened? It was even surpassed, and its ATH was around 69k each, and it just dropped again to the price now, which is between 26k and 27k.
The only question mark is: when will it happen? This is the question that no one can answer at the exact time, but most of us who are Bitcoin enthusiasts believe that this is really possible; we just don't know if we are still alive or not.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: bayu7adi on September 30, 2023, 06:36:51 AM
There's no harm in expressing ideas with the support of the crypto's inherent "nothing is impossible in crypto" nature. Even 1 satoshi could be worth $10 if the reference point for that dream is what I just mentioned.

1 BTC = $100 million, a substantial value for a BTC, despite its highly uneven circulation. Many whales still hold significant amounts of BTC in their wallets. I can't say this is impossible, but if 1 satoshi = $1, would anyone still want to use it for transactions? Not to mention, in the event of network congestion, the fees would skyrocket, rendering it highly inconvenient for everyday use.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: franky1 on September 30, 2023, 07:50:59 AM
i know OP is a LN supporter.. but its already a failed network. 6 year of bugs and flaws. other subnetwork bridges have more liquidity so dont point fingers that people should move to LN if fee's cost more then $1 per sat.. LN is not the sanctuary
.. many people are already using other subnetwork bridges

anyway onto the point of the topic.
bitcoins code allows sat/kb  meaning people can make a tx for just 1 sat that represents 1kb of data

however the blockspace competition would be that not everyone will get priority if everyone paid the minimum. so space competition will have rankings of people paying 4sat+ per kb where 1sat/250byte* as the min (*a lean 2in 2out tx)

so if 1sat is $1 then a average tx is $4 which as any economy of payment systems of history show. no one likes to pay $4 per wire transfer.. at current inflation value of $4 purchasing power)
even if we take bank wire(mainnet EG) vs paypal(subnet bridge EG) even if paypal offers tx for 1 cent people wont want to use paypal if it costs them $4 to close and open an account each month to rebalance
at current $4+ real world purchasing power... just look at the social drama each time there is a fee war exceeding $2/tx

..
i feel that over all, gone are the days of halving events causing 100x price drama ATH, and 10x drama are gone per halving, so dont expect a $100m btc any time soon

in the recent halving cycles we seen a 3.5x from one cycle to the next ($20k to $70k)
the next one might me 2-3x meaning $140k-$210k

so in the next 2 decades(5 halvings) we may only get to a couple million per btc meaning 100sats being worth $1-$2 thus 1 sat being 1-2cent

where the potential of a 1sat $1 being many many many decades further along.. if ever(the $100m/btc)

the time where i see $1 =1sat is where $1 doesnt even buy you a can of pepsi, whereby $10-$100 is a can of pepsi due to fiat inflation.. thus a $4tx fee of 4sats is a slice of bread cost



Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on October 05, 2023, 01:46:37 AM
i know OP is a LN supporter.. but its already a failed network. 6 year of bugs and flaws. other subnetwork bridges have more liquidity so dont point fingers that people should move to LN if fee's cost more then $1 per sat.. LN is not the sanctuary
.. many people are already using other subnetwork bridges

anyway onto the point of the topic.
bitcoins code allows sat/kb  meaning people can make a tx for just 1 sat that represents 1kb of data

however the blockspace competition would be that not everyone will get priority if everyone paid the minimum. so space competition will have rankings of people paying 4sat+ per kb where 1sat/250byte* as the min (*a lean 2in 2out tx)

so if 1sat is $1 then a average tx is $4 which as any economy of payment systems of history show. no one likes to pay $4 per wire transfer.. at current inflation value of $4 purchasing power)
even if we take bank wire(mainnet EG) vs paypal(subnet bridge EG) even if paypal offers tx for 1 cent people wont want to use paypal if it costs them $4 to close and open an account each month to rebalance
at current $4+ real world purchasing power... just look at the social drama each time there is a fee war exceeding $2/tx

..
i feel that over all, gone are the days of halving events causing 100x price drama ATH, and 10x drama are gone per halving, so dont expect a $100m btc any time soon

in the recent halving cycles we seen a 3.5x from one cycle to the next ($20k to $70k)
the next one might me 2-3x meaning $140k-$210k

so in the next 2 decades(5 halvings) we may only get to a couple million per btc meaning 100sats being worth $1-$2 thus 1 sat being 1-2cent

where the potential of a 1sat $1 being many many many decades further along.. if ever(the $100m/btc)

the time where i see $1 =1sat is where $1 doesnt even buy you a can of pepsi, whereby $10-$100 is a can of pepsi due to fiat inflation.. thus a $4tx fee of 4sats is a slice of bread cost

If $1 per sat ever becomes a problem, developers can simply make Bitcoin more divisible (fractional satoshis). In the future, we will be dealing with half of a satoshi (1/2 sat), a quarter of a satoshi (1/4 sat), and so on. As for the LN, I'm surprised to know it's still full of bugs after years of development. This explains why the L2 scaling solution is not as popular as one thought it would be.

Altcoins with on-chain scalability may be a better option, though (eg: Bitcoin Cash). We may be "lightyears" away before 1 sat is valued at $1. Let's just sit back and enjoy BTC while it lasts. ;)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Bitcoin_people on October 10, 2023, 01:57:07 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Of course it's possible for that to happen, right? With Bitcoin, many didn't believe that it would be $1300 each, but what happened? It was even surpassed, and its ATH was around 69k each, and it just dropped again to the price now, which is between 26k and 27k.
The only question mark is: when will it happen? This is the question that no one can answer at the exact time, but most of us who are Bitcoin enthusiasts believe that this is really possible; we just don't know if we are still alive or not.
Yes bitcoin we have seen in the past many people didn't believe its value would increase so much. But the way Bitcoin price has progressed from low to high, we can say with certainty that there will be more growth in the future. Bitcoin's highest ATH is $69k, so we will see Bitcoin higher in the future. As we know Bitcoin basically halving then the bull market started right around the time Bitcoin changed drastically. Currently this position is priced in but we will see Bitcoin move higher from here in the coming days. And we can say for sure that it will be possible to touch 1 satoshi = $1 in the future if the value of Bitcoin continues to grow like this. But it doesn't matter how long it will take, maybe our future generations who will come will see. So we can confidently predict that as long as the value of Bitcoin goes up, demand for it will continue to increase and its value will continue to fluctuate.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Pierre 2 on October 10, 2023, 07:30:33 AM
Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously.  It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.
That would mean nothing to bitcoin though as dollar is a global reserve currency which means that bitcoin will be worth nothing since it's value is pegged to dollar most of the time. The Federal Reserve printing more money isn't a problem for US at all as long as they have a dominance on the global market, they know that they can don't what they want. The likely scenario that 1 sat is equal 1 dollar would be that US acknowledges bitcoin as an equal or there's a total global adoption.
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.
I feel like Americans may start to argue with FED's money printing decisions if this keeps on going. In many countries people are more used to inflation. But not in USA. People are probably worried about it a lot. I was reading especially about oil prices. So anyways I agree with you as American dollar may lose a lot of purchasing power in next 30-50 years so we may experience raising value even in Satoshis. But I don't think it will be as big as op says.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: laurenB7742 on October 10, 2023, 08:57:26 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

Of course it's possible for that to happen, right? With Bitcoin, many didn't believe that it would be $1300 each, but what happened? It was even surpassed, and its ATH was around 69k each, and it just dropped again to the price now, which is between 26k and 27k.
The only question mark is: when will it happen? This is the question that no one can answer at the exact time, but most of us who are Bitcoin enthusiasts believe that this is really possible; we just don't know if we are still alive or not.
Yes bitcoin we have seen in the past many people didn't believe its value would increase so much. But the way Bitcoin price has progressed from low to high, we can say with certainty that there will be more growth in the future. Bitcoin's highest ATH is $69k, so we will see Bitcoin higher in the future. As we know Bitcoin basically halving then the bull market started right around the time Bitcoin changed drastically. Currently this position is priced in but we will see Bitcoin move higher from here in the coming days. And we can say for sure that it will be possible to touch 1 satoshi = $1 in the future if the value of Bitcoin continues to grow like this. But it doesn't matter how long it will take, maybe our future generations who will come will see. So we can confidently predict that as long as the value of Bitcoin goes up, demand for it will continue to increase and its value will continue to fluctuate.

But everything has its limit, no asset can increase forever without stopping. In the past, bitcoin could increase 100 times or 1000 times, but things are very different after each bull season, the growth rate of bitcoin becomes smaller and smaller. No one knows what the future will be like, but we also need to be a little realistic, not too delusional or too dreamy.

Currently, we have grown a lot compared to the early days of creating bitcoin but we still cannot surpass $100k per bitcoin so claiming it will touch $1 million per bitcoin is unrealistic. I prefer making predictions over time and having to customize it to needs and how people receive it rather than vague predictions.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on October 12, 2023, 10:57:29 AM
I feel like Americans may start to argue with FED's money printing decisions if this keeps on going. In many countries people are more used to inflation. But not in USA. People are probably worried about it a lot. I was reading especially about oil prices. So anyways I agree with you as American dollar may lose a lot of purchasing power in next 30-50 years so we may experience raising value even in Satoshis. But I don't think it will be as big as op says.

If the "money printer" goes "brrr", then you can expect "hyperinflation" to plague the USD. Once that happens, BTC market prices will rise all the way to "Mars". If 1 sat goes all the way to $1, developers can easily make Bitcoin more divisible (fractional satoshis) to make it affordable to everyone. No one knows if this will happen, especially when the crypto market is unpredictable. BTC could either go up in the future, remain stagnant, or go all the way down the drain.

What matters is utility, not the price. As long as Bitcoin remains a useful cryptocurrency, nothing else matters. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Russlenat on October 12, 2023, 11:06:59 AM
but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

You're absolutely right, mate! In the world of crypto, nothing seems impossible. If we couldn't have imagined this current price five years ago, I'm pretty certain there's still more room for it to grow. It can be tough to debate with the non-bullish experts, though. They've got their reasons for thinking Bitcoin's bound to take a fall. But with all these all-time highs piling up, things are getting seriously interesting. When Bitcoin hits a million bucks a pop, that 100 million dream is inching closer, no doubt about it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: passwordnow on October 12, 2023, 11:17:19 AM
The first thing that came to my mind is inflation and reading posts from some of you guys really made it like hyperinflation so I was like wrong on that part because it should be more than the inflation that I was thinking. As per looking at the value of 1 satoshi right now is $0.0002616 USD. So calculating everything is gonna take time until we see it happen. Like what we're saying is that everything is possible and I think that should end there without determining when it could happen. That's the exciting part if there's another economy downfall that will make US and other countries make another initiative to print a lot of money and for sure that many of those supplies will go to Bitcoin. We're just becoming stuck to that part because that's the reality. But looking at the typical and normal cycle of Bitcoin, it is going to take time and hopefully that when it happens, I'm still alive by that time.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: bakasabo on October 12, 2023, 11:20:07 AM
Wont 1sat=$1 depreciate fiat money? Faucets give hundreds of sat every hour for example. We all get crypto remains on wallets and exchanges. There will be to much money in the world. Imagine you could click every hour and collect monthly salary. Just imagine how many new billionaires gonna appear in the world because of that. Or the prices would be relevant 1sat=$1, like paying $1000 for a bottle of water.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: dezoel on October 15, 2023, 08:22:00 PM
I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Tony116 on October 16, 2023, 04:13:33 AM
I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: danadc on October 16, 2023, 06:38:41 PM
I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Sophokles on October 16, 2023, 07:13:18 PM
What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

The figure will be unrealistic even if there is hyperinflation. If 1 satoshi becomes 1 USD one day the total market capital of bitcoin will be 2 trillion 100 billion in USD which is unimaginable number. As you have said if this happens one day due to hyper inflation then there will be no point in holding bitcoin anymore. People will invest in gold instead which has survived all the historical economic crises.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Tony116 on October 18, 2023, 03:33:44 PM
I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.


Honestly, if we had a wish we would all wish it would happen, including me. But to be more realistic is too unrealistic to achieve. 1 satoshi=1USD, meaning 1BTC will be worth 100 million dollars, not 1 million dollars as you said. Is that realistic for you? You can be sure of that, but what evidence do you have to be sure that it will happen? Or like I said, is it just your dreams and wishes? I like optimism in investing but I won't be too delusional about unrealistic goals.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

The figure will be unrealistic even if there is hyperinflation. If 1 satoshi becomes 1 USD one day the total market capital of bitcoin will be 2 trillion 100 billion in USD which is unimaginable number. As you have said if this happens one day due to hyper inflation then there will be no point in holding bitcoin anymore. People will invest in gold instead which has survived all the historical economic crises.

You are right, if there is hyperinflation and USD becomes useless then even if bitcoin reaches 100 million dollars it will be useless.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Sophokles on October 18, 2023, 07:08:02 PM

Honestly, if we had a wish we would all wish it would happen, including me. But to be more realistic is too unrealistic to achieve. 1 satoshi=1USD, meaning 1BTC will be worth 100 million dollars, not 1 million dollars as you said. Is that realistic for you? You can be sure of that, but what evidence do you have to be sure that it will happen? Or like I said, is it just your dreams and wishes? I like optimism in investing but I won't be too delusional about unrealistic goals.


The OP was talking about a fictional scenario and there isn't any necessity to take it as a prediction or possibility. You are right we need to be optimistic when setting a price target for bitcoin after 10 years. This is not impossible to do as there are methods to do such calculations. I don't think 1 bitcoin will ever be 1 million, but if we even archive 10% of 1 million that will be a big milestone for us.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: coupable on October 18, 2023, 10:54:03 PM

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Gozie51 on October 19, 2023, 09:53:08 AM

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.

I believe such humongous price can only be discussed if there is outright adoption of bitcoin in the globe. Investors can't have any influence to such price no matter how they try to spike the market by speculating or by creating panic in buying large amount of btc to help boost demand for it. This still stand as speculation and that is what it is. What more to be heard about bitcoin is next year halving and for now the price can only be hanging around what it has been doing for the past two months.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: coupable on October 19, 2023, 04:49:36 PM

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.

I believe such humongous price can only be discussed if there is outright adoption of bitcoin in the globe. Investors can't have any influence to such price no matter how they try to spike the market by speculating or by creating panic in buying large amount of btc to help boost demand for it.
Not only that, but Bitcoin must become the only currency in the world because in this way it will be able to replace all major currencies combined. The other hypothesis is that all Bitcoin in the world (or most of it) will become in the hands of one central party or a few parties, and thus they will be able to control the amount of liquidity in the market and thus control prices.
I think it is too early to discuss such hypotheses that could be relegated to the status of excessive "utopianism." Bitcoin is still in its early stages and fiat currencies still lead the classical financial system. Even the next halving will not have such an exaggerated impact. Let us not make false promises based on absurd conclusions.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: GigaBit on October 19, 2023, 07:25:46 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
We cannot say anything certainly about the future but can make some guesses. What seems most difficult to me today may be easy tomorrow. Especially for bitcoin price prediction. We know that Bitcoin is a very volatile currency that can go up and down in a very short period of time. Did those who knew about Bitcoin in 2010 to 2014 ever imagine that Bitcoin would rise to $70,000 in the next 10 years? Certainly no one dare to it such a great adventure. That's why people lost 10 thousand bitcoins to buy a pizza. But now people are more aware If these bullish trend continue to repeat in the crypto space, we can expect something like this in the next decade or so.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: atookz on October 20, 2023, 04:45:55 PM
Anything can happen, and anything can happen here. This reminds me of when several years ago many people questioned whether 1 bitcoin could reach 10,000 USD. Many people don't believe that, but as time goes by it turns out that bitcoin can achieve that and even more. To achieve 1 satoshi worth 1 USD requires a long journey and is definitely not easy. But I'm sure one day it will happen.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: danadc on October 20, 2023, 11:26:04 PM
I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Out of mind on October 22, 2023, 05:34:33 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
As we have seen the price of Bitcoin constantly change, it is certainly possible for Bitcoin to change in the future. As we have seen, the price of Bitcoin touch $69k at one point and then the price of Bitcoin went to an all-time high. Accordingly, we can definitely say that Bitcoin price will touch 100 million in the future, since Bitcoin price is not stable, Bitcoin will move forward in the future. As long as it grows, the demand for Bitcoin will continue to grow and its price will rise to $100M for sure. Although our generation may not see it, I think our next generation who will come will definitely see this value of Bitcoin. Because the way bitcoin buyers are increasing daily, and its value is advancing, and the way bitcoin is meeting the needs of people and investors are investing enough money in it. According to that, Bitcoin halving will happen every 4 years and the demand for Bitcoin will continue to increase. Many investors have predicted that Bitcoin will rise in value and one day 1 Satoshi will be worth 1 dollar and I believe it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Woodie on October 22, 2023, 06:38:37 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future?
Bitcoin has proven itself over the years raising from a non valuable asset to becoming among the most sought after cyber assets and most talked about digital assets...
At this point I think keeping an open mind to many possibilities is encouraged as Bitcoin moved from being worthless**for lack of a better term*** to being super valuable so that 1satoshi to 1usd is very much possible, though this means transaction fees could be negatively affected as we could be paying more...maybe less in terms of quantity.

If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
Impossible is an understatement and you are right to say it this way!

If those price predictions come to be true, what will break or build the crypto economy will heavily depend on the transaction fees, if tx fees follow the path of the high BTC price to charge higher fees on users this makes it unattractive to use and users could migrate to Altcoins which is something I wouldn't like to see .


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: dansus021 on October 24, 2023, 02:08:43 AM
1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: moneystery on October 24, 2023, 04:37:50 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

maybe yes, maybe no. we don't know what the future holds for bitcoin. but if demand for bitcoin continues to increase and its global adoption is not hindered by the government, perhaps this will actually happen.

the most important thing is how the adoption of bitcoin is not hindered, whether from regulations or negative news. usually things like this prevent bitcoin from reaching its highest level. but i think to reach the $100m point is certainly a very difficult thing, i'm not saying it's impossible, it's just very difficult.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Latviand on October 24, 2023, 06:29:28 AM
~
There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.
I know that there's a limit but given how billions of dollars in currency is lost or destroyed yearly in USD, I think that they're going to get away with printing more dollars to their name not to mention that they just keep doing loans on the Federal Reserve so they have no choice but to print more and since they're still the global reserve currency, I think we just have to bear with them printing papers that's slowly becoming worthless by the years. By the way, the countries that are complaining about the US being a reserve currency and it's influence on the global market, is still out there in shambles and they don't know how to compose themselves because they want to rule the other coutry members that they're trying to work with so US isn't scared.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on October 27, 2023, 10:57:06 AM
1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Only the hyperinflation of the USD will help BTC reach a price of $100m. I see this becoming a possibility in the near future, especially when the US national debt keeps rising at a non-stop rate. The FED will keep printing money to "magically" sustain the economy. Constant government spending will lead us there faster than you could imagine. If it doesn't happen during our lifetimes, future generations will witness the event.

All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: dansus021 on October 28, 2023, 02:15:08 AM
Only the hyperinflation of the USD will help BTC reach a price of $100m. I see this becoming a possibility in the near future, especially when the US national debt keeps rising at a non-stop rate. The FED will keep printing money to "magically" sustain the economy. Constant government spending will lead us there faster than you could imagine. If it doesn't happen during our lifetimes, future generations will witness the event.

All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts ;D

Agree if that all happens BTC could possibly reach unlimited price or fiat is no longer have use like already happens in Zimbabwe starving billionaire

https://nehandaradio.com/wp-content/uploads/2022/07/starving-billionaire.jpg

If this happens crypto could lead become the currency like Salvador did


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: mamesso on October 29, 2023, 01:34:16 AM
Bitcoin is a surprise that was never imagined before, its price has continued to increase since it was introduced to the public by Satoshi. The rapid development of Bitcoin which is supported by massive adoption such as several countries starting to accept the presence of Bitcoin and several companies starting to accept payments using Bitcoin will further push prices higher in the future.
Back before Bitcoin Price hit $10, no one would have imagined Bitcoin would trade at $30k or higher. Anything can still happen, maybe Bitcoin will reach a higher price than you ever imagined.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Sunderland on October 29, 2023, 03:55:55 AM
1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Correct, it will destroy the world economics. Even if all of the nations/countries do not use fiat anymore, 1 satoshi will not become a dollar.
Stable coins will become the option.

Also imagine how big the fees when 1 satoshi reach $1 and all of the bitcoin has been mined.
Nah it wont happen, if you ask me - which one has a better probability, 1 BTC become $1 or 1 sat become $1?
I will answer 1 BTC become $1.

Note: Im bitcoin die hard fans, but we need to see the reality.
Stay calm and keep hodl!


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on October 30, 2023, 11:36:08 AM
Correct, it will destroy the world economics. Even if all of the nations/countries do not use fiat anymore, 1 satoshi will not become a dollar.
Stable coins will become the option.

Also imagine how big the fees when 1 satoshi reach $1 and all of the bitcoin has been mined.
Nah it wont happen, if you ask me - which one has a better probability, 1 BTC become $1 or 1 sat become $1?
I will answer 1 BTC become $1.

Note: Im bitcoin die hard fans, but we need to see the reality.
Stay calm and keep hodl!

High fees won't be a problem if developers make satoshis fractional. This means BTC will more divisible than what it is right now. It's likely we'll get to see 1/2 a satoshi, 1/4 a satoshi, and so on. I wouldn't say "stablecoins will become the option", when they're utterly-centralized. Trusting them would be no different than trusting banks with your money. They might become the CBDCs (Central Bank Digital Currencies) everyone is talking about.

With how fast Bitcoin has gained traction since its inception, I'm pretty sure it'll become a "force to reckon with" in the future. Even if we're not alive by the time 1 sat = $1, at least we'll be remembered as early adopters of the cryptocurrency. Our descendants will be the ones who'll witness such an event. Who knows what will be of Bitcoin decades from now? ;)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: CryptoBuds on October 30, 2023, 01:15:02 PM
1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Correct, it will destroy the world economics. Even if all of the nations/countries do not use fiat anymore, 1 satoshi will not become a dollar.
Stable coins will become the option.

Also imagine how big the fees when 1 satoshi reach $1 and all of the bitcoin has been mined.
Nah it wont happen, if you ask me - which one has a better probability, 1 BTC become $1 or 1 sat become $1?
I will answer 1 BTC become $1.

Note: Im bitcoin die hard fans, but we need to see the reality.
Stay calm and keep hodl!


Why do many people like to dream and live in illusion while the goal of 100k$ bitcoin has not yet been achieved? It's confusing. That's right, no matter how good bitcoin is, how big the potential is, and how passionate we are, we still need to be realistic because we are investing with our own money. Dreaming and being too delusional will not bring us better results.

I wouldn't rush to make any exaggerated predictions about bitcoin. I will wait for bitcoin to touch $100k and then make my next prediction based on the situation.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: thecodebear on November 02, 2023, 10:04:20 AM
$1 sat means $100 million bitcoin.

Sure this will probably happen in the distant future, when $1 is barely worth anything. When future $1 is worth like 5 cents in today's money the Bitcoin price may be $100 million with $1 sats.

Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 14, 2023, 09:21:33 PM
To reach the goal of 1 bitcoin worth $1 million, bitcoin needs to hit 100k first and then 200k, 300k...And my first goal is for bitcoin hit $100k, when we get there, I will think further.

Several forum members made similar comments in this thread, and sure there is nothing wrong with NOT presuming something to happen until it happens, and so in some sense there is a certain amount of value that comes with dealing with actual facts rather than speculation, yet at the same time, if any of us want to attempt to consider what bitcoin is as an asset class, and perhaps consider the value of the asset in which we are investing, it likely is good to also consider bitcoin's potential in terms of its addressable market.

With a variety of cash and cash-like products, derivatives, bonds, equities, properties and commodities, in today's dollars there is already an addressable market that is somewhere in the ballpark of $900 trillion, and we may as well just round it up to $1 quadrillion and work with that kind of a number, which largely means that if BTC prices were $55k, then it holds around $1trillion in market cap, and bitcoin would have to go up 1,000x from $55k in order to be at the $1quadrillion mark.. which is absorbing all of its addressable market.. that is the monetary value that is held in all of the above asset classes that I described above.. and yeah, if bitcoin were holding right around $1 quadrillion in value, a satoshi would be worth just less than $0.50, so it is nearly half way towards the $1 per satoshi mark that OP presented and is being described throughout this thread.

It is probably not exactly scientific to figure out how much monetary value might be held in some kinds of financial instruments and/or assets versus if they might have some other value such as utility, industrial or other kinds of consumptive value.  Another thing to consider is that any paradigm shifting asset, whether we are talking about bitcoin or anything else like electricity, the refrigerator, television, the personal computer, the internet, the automobile, steel, the plane, the telephone (and cell phone) and surely several others.
 
These kinds of inventions, interventions and/or discoveries ended up contributing to the total value that was even available in the world by creating more value than they were removing because of their introduction and subsequent wide-spread use and efficiency and productivity and reduction of costs, so in that sense, more value can frequently be created from various kinds of paradigm-shifting inventions/discoveries.

So, it may well be the case that todays addressable market of $900 Trillion to $1 quadrillion could fairly easily double or triple merely from what becomes possible in the future because of something like bitcoin and as might also end up being complemented by other inventions/discoveries/ways of interacting that might come on their own or come in connection with bitcoin... Maybe some of the AI technologies could end up playing into these productivity and value creation matters too.

So if the total value production increases beyond $1 quadrillion to maybe even several Quadrillion dollars, bitcoin may well end up absorbing some of that extra value in terms of places in which value is stored and even transacted.. and so then that makes $1 per satoshi to be more than reasonable - even in today's dollars and presuming some increased advances in technology, productivity and efficiencies and also presuming that bitcoin is currently the most sound of monies ever known to mankind...so sure it could take 50 years to 200 years to make it to such point in which the satoshi crosses over $1.

By the way, I do believe that there is a lack of rigorous thinking if we are presuming the debasing of the dollar in order to get to our numbers, and sure the dollar is going to continue to debase, and the dollar has likely been put into a kind of inevitable downward trajectory that is seeming to become worse and worse and who knows how long that it can last, and maybe it is already not very good to be measuring bitcoin in terms of dollars, yet yeah the increased debasement of the dollar will likely accelerate one satoshi being valued at a dollar or more, but it is quite doubtful to be a necessary condition in order for bitcoin to reach such valuations in real terms.

I suppose another problem that faces any of us is the value destruction that may well end up happening from the downfall of the dollar and perhaps some of the instability that likely would end up resulting from some or that already happening and continuing to happen, but let's not get too sloppy in our thinking in terms of suggesting that bitcoin's value ONLY comes from the likely, the ongoing and ever-worsening  and inevitable demise of the dollar.

Instead of thinking of going back in time, why not starts accumulating now and make up on the lost time and opportunities?  It is never too late if we start right now.  Bitcoin is here for a very long time and there are still many 4-year cycles ahead of us where the ATH-breaking event happens.  I believe if we are serious enough, we can even accumulate a single BTC in a 10-year duration.

It seems to me that anyone just starting into bitcoin would need to invest something close to $200 per week, if s/he expects to reasonably attempt to get to 1 Bitcoin in 10 years.  Sure if we were to invest $100 per week into bitcoin, that would result in $5,200 invested in a year, and $52k invested in 10 years, which does not seem to be enough to get to a whole bitcoin, and even doubling the amount to $200 per week would end up amounting to $104k invested in 10 years, and maybe there would be a better chance of getting to a whole bitcoin... perhaps? perhaps?  

So seriously attempting to get to 1 bitcoin in 10 years, could also have some better luck with attempts at front loading the investment, but each and every one of us should realize that we need to be careful when it comes to overleveraging conduct when it comes to bitcoin, because if a bitcoin is a very good investment so long as you hold it and you increase your stash, it could end up being a bad investment if you end up losing it or you overinvest so much that you are not able to hang onto your bitcoin through the whole period and you end up selling too much too soon.. and at a time that is not of your complete choosing.

Why do many people like to dream and live in illusion while the goal of 100k$ bitcoin has not yet been achieved? It's confusing. That's right, no matter how good bitcoin is, how big the potential is, and how passionate we are, we still need to be realistic because we are investing with our own money. Dreaming and being too delusional will not bring us better results.

I wouldn't rush to make any exaggerated predictions about bitcoin. I will wait for bitcoin to touch $100k and then make my next prediction based on the situation.

I will agree with you that it is not good to get too far ahead of ourselves, and so we should not presume some outcome to happen before it happens, but there still seems to be advantages to skate to where the puck is going rather than where it is at.  But, hey, whatever, you skate how you like.  No problem.  If you don't want to think about it, then so be it, yet if bitcoin ends up blowing past $100k and you don't have any kind of plan for how you are going to deal with it, then you may well end up making some of the wrong choices...so even if you don't consider beyond $100k to be very likely, if you are out of bitcoin when (or if?) the BTC price reaches $200k, because you sold half of yours at $93k, and half of the remaining at $126k and then the remaining at $138k, then you may well be in a world of hurt if you have not really planned sufficiently for some set of events that you believe to be of low likelihood... or maybe you conjecture some events to be of lower likelihood than they actually are.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: pinggoki on November 15, 2023, 04:43:12 AM
Sure this will probably happen in the distant future, when $1 is barely worth anything. When future $1 is worth like 5 cents in today's money the Bitcoin price may be $100 million with $1 sats.
You're too pessimistic about what happens to the US dollar, you have to remember that it's still the uncontested global reserve currency and I believe that it's never relinquishing it's place anytime soon despite what many believes, but I do love the dream that bitcoin will be worth $100 million in the near future, I just hope that if that ever happens, I am still hodling a fairly good amount so I can finally get to my retirement and just live the rest of my days doing what I love and travel where I want to be, this kind of speculation makes me want to buy bitcoin and store it somewhere and hope to hold on to it for as long that dream becomes a reality.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: kotajikikox on November 15, 2023, 05:35:13 AM
All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts ;D

Agree if that all happens BTC could possibly reach unlimited price or fiat is no longer have use like already happens in Zimbabwe starving billionaire

https://nehandaradio.com/wp-content/uploads/2022/07/starving-billionaire.jpg

If this happens crypto could lead become the currency like Salvador did
Sad on that part , you are holding Billion worth of money  but cannot even afford to feed your family for single meal?

This is also what I do believe that once 1 satoshi reached to value as 1 dollar? people won't need to dream of having whole bitcoin instead holding satoshi will make us rich already .

Bitcoin is a surprise that was never imagined before, its price has continued to increase since it was introduced to the public by Satoshi. The rapid development of Bitcoin which is supported by massive adoption such as several countries starting to accept the presence of Bitcoin and several companies starting to accept payments using Bitcoin will further push prices higher in the future.
Back before Bitcoin Price hit $10, no one would have imagined Bitcoin would trade at $30k or higher. Anything can still happen, maybe Bitcoin will reach a higher price than you ever imagined.
When the price of bitcoin already reached 10$ that is actually the sign of how long it will go, because there is no even a penny in its value back then.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 15, 2023, 03:25:43 PM
Sure this will probably happen in the distant future, when $1 is barely worth anything. When future $1 is worth like 5 cents in today's money the Bitcoin price may be $100 million with $1 sats.
You're too pessimistic about what happens to the US dollar, you have to remember that it's still the uncontested global reserve currency and I believe that it's never relinquishing it's place anytime soon despite what many believes, but I do love the dream that bitcoin will be worth $100 million in the near future, I just hope that if that ever happens, I am still hodling a fairly good amount so I can finally get to my retirement and just live the rest of my days doing what I love and travel where I want to be, this kind of speculation makes me want to buy bitcoin and store it somewhere and hope to hold on to it for as long that dream becomes a reality.

Anyone considering to buy bitcoin based on possible upside scenarios should attempt to be somewhat realistic in terms of timeline and probabilities, and surely these are quite speculative type plays.

Without getting into dollar debasement so much, yet I would think that the best of scenarios would take 50 years for $1 to equal 1 sat (that means more or less in today's dollar value), but the more likely timelines would be 100 years or more, and so there could be a variety of lesser scenarios that would have to play out before getting to those higher numbers, and I would think that even the lesser scenarios justify getting some kind of a position in bitcoin, whether you are on the whimpy side, such as 1% of your investment portfolio in bitcoin or if you are on the more aggressive side and put 25% of your investment portfolio into bitcoin.    For newbie investors, they might not have any other assets besides bitcoin and dollars in the beginning, so they have to build up to a level in which it becomes justifiable to diversify into other assets, maybe after you get 25% to 50% of your annual income invested into bitcoin, you might want to start to consider whether diversification might play to your advantage, and that does not mean investing into shitcoins since they are largely already correlated to bitcoin but with merely more risk due to their tending to either be scams or centralized or to have various other vulnerabilities.. such as nonsense ideas of proof of stake having value when it is merely just replicating various traditional ways of controlling capital by stakers.. so there is no real value in figuring out what kinds of games that those POS shitcoiners might play by investing into them, unless you are into gambling rather than investing.

$1 million (2x gold's market cap) to $10 million (20x gold's market cap) in 1-5 cycles seems more than reasonable; however, getting from $10 million to $100 million may well take a lot longer.. that would likely be the more difficult part..  By the way it also seems that bitcoin is 1000x or more better than gold, but $100 million per bitcoin is ONLY around 200x of gold's current marketcap, and so there might be some questions regarding how much value gold might retain if bitcoin sucks up its current monetary value and gold is thereafter relegated more towards its utility, industrial and/or jewelry value.  Those kinds of valuations likely take a long time to work out in the market and in the consciousness of people.

All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts ;D
Agree if that all happens BTC could possibly reach unlimited price or fiat is no longer have use like already happens in Zimbabwe starving billionaire
https://nehandaradio.com/wp-content/uploads/2022/07/starving-billionaire.jpg
If this happens crypto could lead become the currency like Salvador did
Sad on that part , you are holding Billion worth of money 

Sloppy thinking when you are describing a billion worth of money.. which should show that unit bias can sometimes work on people even though people figure it out.

but cannot even afford to feed your family for single meal?

This is also what I do believe that once 1 satoshi reached to value as 1 dollar? people won't need to dream of having whole bitcoin instead holding satoshi will make us rich already .

Yep.. It is probably already a good thing to start thinking in terms of satoshis, and how many satoshis can you stack up on a regular basis in order to prepare for various future scenarios in which you might want to start to spend your satoshis, well that is if you believe that there might not be some less valuable money that you might want to spend first... You might not want to spend them for a while, but you may well want to build them up while you can still get right around 2,770 satoshis for every dollar (BTC price $36,100) that you are currently spending, and yes, how many you can get for a dollar is likely going to continue to become less and less and less, until maybe one day you might ONLY be able to get 1 satoshi for every dollar you spend. 

Not that long ago (even in late 2020) many of us could have gotten more than 10,000 satoshis for a dollar (BTC $10k and lower).  Many of us longer term bitcoiners likely remember times when we could get more than 100,000 satoshis for a dollar (BTC $1k and lower), and some of us maybe even remember when we could get 400,000 satoshis for a dollar (BTC $250), and yeah those levels of BTC prices are gone, and may even be gone forever, and it even could be possible that we will never be able to get more than 3,333 satoshis for a dollar (BTC prices at $30k or lower) ever again... it is possible that might happen, but surely it cannot be known if BTC prices will drop again from here or not..

Bitcoin is a surprise that was never imagined before, its price has continued to increase since it was introduced to the public by Satoshi. The rapid development of Bitcoin which is supported by massive adoption such as several countries starting to accept the presence of Bitcoin and several companies starting to accept payments using Bitcoin will further push prices higher in the future.
Back before Bitcoin Price hit $10, no one would have imagined Bitcoin would trade at $30k or higher. Anything can still happen, maybe Bitcoin will reach a higher price than you ever imagined.
When the price of bitcoin already reached 10$ that is actually the sign of how long it will go, because there is no even a penny in its value back then.

Bitcoin has not been lower than $10 since early 2013, and sure there were various up and down BTC price waves in 2011 and 2012, yet it seemed that bitcoin was even a greater niche than it is currently, so it might not even be very fair to be comparing the current BTC market to the 2011 and 2012 BTC markets, even though surely the 2011 and 2012 markets were parts of bitcoin's history and growth that show how it got from there to here with increasing levels of sophistication, larger and larger players, more places to buy and sell bitcoin, and more financial instruments.. which surely aspects of speculation and financialization would be expected to occur in any maturing and growing asset class, and we can also think in terms of bitcoin's 7 networking effects as outlined by Trace Mayer (https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/)..   


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Gormicsta on November 15, 2023, 05:48:52 PM
Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.
Indeed, the ability to include fees of less than 1 satoshi per byte has really proven to be a significant update because it has enabled users to set very low fees for their transactions, for a fact we know that this has really come in handy and have been quite helpful to bitcoiners, especially during times the network is experiencing a low congestion. But we must not be ignorant of the fact that transaction fees are influenced by market forces, meaning If the demand for block space becomes high, for examples, in situations when we experience a high transaction volume. In a case like this, tx fees are likely to rise above the usual amount because there's now a competition among bitcoiners to facilitate the success of their transactions. And it's also vise versa, tx fees also tends to lower when the number of transactions in the block are fewer than normal.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on November 18, 2023, 10:21:05 PM
$1 sat means $100 million bitcoin.

Sure this will probably happen in the distant future, when $1 is barely worth anything. When future $1 is worth like 5 cents in today's money the Bitcoin price may be $100 million with $1 sats.

Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.

Hyperinflation is not far from becoming a reality. Constant money printing, wars/geopolitical uncertainty, and the inability to put COVID-19 under control (even though the WHO declared the end of the pandemic) will lead us there faster than you can imagine. People will eventually lose trust in the Fiat money system, paving the way for Bitcoin to take over the world by storm.

A mass adoption of BTC during a global economic crisis will eventually "pump" market prices to the moon. Should the USD become extremely-weak, 1 sat will be equal to $1 (which means BTC will reach a price of $100m). It's only a matter of time before this happens. I'd keep buying and holding BTC just in case. Who knows if you'll strike it rich someday? ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: jeraldskie11 on November 18, 2023, 11:23:29 PM
Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.
Indeed, the ability to include fees of less than 1 satoshi per byte has really proven to be a significant update because it has enabled users to set very low fees for their transactions, for a fact we know that this has really come in handy and have been quite helpful to bitcoiners, especially during times the network is experiencing a low congestion. But we must not be ignorant of the fact that transaction fees are influenced by market forces, meaning If the demand for block space becomes high, for examples, in situations when we experience a high transaction volume. In a case like this, tx fees are likely to rise above the usual amount because there's now a competition among bitcoiners to facilitate the success of their transactions. And it's also vise versa, tx fees also tends to lower when the number of transactions in the block are fewer than normal.

This is possible, but miners won't mine if the fee is too low. That's why if you transfer your Bitcoin even if you're using segwit, it will not be process if you only put a small portion of fee. And it will only matter to a small investors or people who cares for $2 or $3, but in whales it doesn't matter. They only cares about the safety and the speed of transactions. $1 fee would be the base fee for Bitcoin but sometimes it will fluctuate.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: EluguHcman on November 19, 2023, 12:45:38 AM
No rated value is impossible as long the volatility of cryptocurrencies is concerned after all... No one ever experienced the value of Bitcoin of from $0.09 to worth thousands of dollars today so I would say it is possible as far the future has much of time ahead but only if we could live to see when they time comes.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: poodle63 on November 19, 2023, 01:12:57 AM
This is possible, but miners won't mine if the fee is too low. That's why if you transfer your Bitcoin even if you're using segwit, it will not be process if you only put a small portion of fee. And it will only matter to a small investors or people who cares for $2 or $3, but in whales it doesn't matter. They only cares about the safety and the speed of transactions. $1 fee would be the base fee for Bitcoin but sometimes it will fluctuate.
many exchanges are already putting fixed fee for bitcoin withdrawal about $25 and not decreasing even when market in bearish is really silly can't imagine how the situation will fare with the fee when 1 satoshi equal 1 dollars imagine paying 1k just for withdrawal simply silly in my opinion, this is the problem with blockchain in general that it couldn't adapt with the price increase since we know from the perspective of investment bitcoin is really good at gaining more and more value overtime but every blockchain is facing the problem about fee considering the ever growing adoption as well.
really hoping that there will be solution towards the fee its not only happening in bitcoin in the bullrun but ethereum and even those lower market capitalization altcoin as well.
it seriously needs solution.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 19, 2023, 01:26:30 AM
Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.
Indeed, the ability to include fees of less than 1 satoshi per byte has really proven to be a significant update because it has enabled users to set very low fees for their transactions, for a fact we know that this has really come in handy and have been quite helpful to bitcoiners, especially during times the network is experiencing a low congestion. But we must not be ignorant of the fact that transaction fees are influenced by market forces, meaning If the demand for block space becomes high, for examples, in situations when we experience a high transaction volume. In a case like this, tx fees are likely to rise above the usual amount because there's now a competition among bitcoiners to facilitate the success of their transactions. And it's also vise versa, tx fees also tends to lower when the number of transactions in the block are fewer than normal.
This is possible, but miners won't mine if the fee is too low. That's why if you transfer your Bitcoin even if you're using segwit, it will not be process if you only put a small portion of fee. And it will only matter to a small investors or people who cares for $2 or $3, but in whales it doesn't matter. They only cares about the safety and the speed of transactions. $1 fee would be the base fee for Bitcoin but sometimes it will fluctuate.

Without some kind of context that hardly makes any sense to have dollars serve as a kind of base unit, especially since bitcoins are infinitely divisible, and I would imagine that if 1 satoshi came to be worth $1, then there would have already long before been some adjustments to recognize BTC units smaller than a satoshi, and maybe even 3-6 more digits so instead of 1 BTC having 8 digits there maybe needs to recognize down to 11 or even 14 digits - and surely in lightning there is already recognition for 11 digits, and so it would be a bit of a separate issue to get that number of digits to be recognized on the main chain.  

At some point it seems practical to to be recognizing digits smaller than a satoshi, as some of us had batted around in another forum thread regarding if tail emissions could be a softfork (https://bitcointalk.org/index.php?topic=5466502.msg62939214#msg62939214).


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Rasa nanas on November 19, 2023, 05:08:29 AM
I believe that in the future the price of bitcoin could reach $100 million due to the limited total supply and increasing popularity. In the past Bitcoin reaching $100k was impossible and anyone who said this was considered crazy, but today $100k looks very possible and in fact most people assume that in the next bull the price of Bitcoin will cross $100k. However if we talk about impossibilities, there are many impossibilities that are difficult to answer with current theories, including the impossibility you convey.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Hamphser on November 19, 2023, 05:55:04 PM
I believe that in the future the price of bitcoin could reach $100 million due to the limited total supply and increasing popularity. In the past Bitcoin reaching $100k was impossible and anyone who said this was considered crazy, but today $100k looks very possible and in fact most people assume that in the next bull the price of Bitcoin will cross $100k. However if we talk about impossibilities, there are many impossibilities that are difficult to answer with current theories, including the impossibility you convey.
Its not bad on being optimistic but we should really be at least realistic on things basing up on what we are seeing. Yes, Bitcoin does really have the potential but we should really be thinking up on numbers
which are really that something reachable and not really just that too far off or really out of the charts. Why?  If we do speak about $1/sats then imagine on how much 1 Bitcoin price would be?
Its not something that we cant really be able to witness or simply being impossible. There are even those talks about $1M/coin which it is already that too far or almost impossible.
How much more in $1 per sats?

It would be better that you should really be just go only with the flow with its price, dont make yourself that too optimistic or really that expecting on something like
this number on which we know that there would really be no assurance or something that cant happen even in our wildest dreams.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 19, 2023, 08:08:43 PM
I believe that in the future the price of bitcoin could reach $100 million due to the limited total supply and increasing popularity. In the past Bitcoin reaching $100k was impossible and anyone who said this was considered crazy, but today $100k looks very possible and in fact most people assume that in the next bull the price of Bitcoin will cross $100k. However if we talk about impossibilities, there are many impossibilities that are difficult to answer with current theories, including the impossibility you convey.
Its not bad on being optimistic but we should really be at least realistic on things basing up on what we are seeing. Yes, Bitcoin does really have the potential but we should really be thinking up on numbers
which are really that something reachable and not really just that too far off or really out of the charts. Why?  If we do speak about $1/sats then imagine on how much 1 Bitcoin price would be?
Its not something that we cant really be able to witness or simply being impossible. There are even those talks about $1M/coin which it is already that too far or almost impossible.
How much more in $1 per sats?

Oh gawd Hamphser.. you are getting caught up in nonsense talk about basic math that we already covered many times in this thread.   $1 per sat is $100 million per bitcoin.  $1 million per sat is $0.01 (or 1¢) per sat.  There is no need to imagine in regards to how some of the numbers work out in terms of equivalencies, even if there are a lot of things that we could imagine in order to get from our current price of $37k-ish per BTC to $1 million per BTC (1¢ per sat) or even $100 million per BTC ($1 per sat).

It would be better that you should really be just go only with the flow with its price, dont make yourself that too optimistic or really that expecting on something like this number on which we know that there would really be no assurance or something that cant happen even in our wildest dreams.

Of course, $1 million per BTC (1¢ per sat) or even $100 million per BTC ($1 per sat) could happen in our wildest dreams, and sure it is way easier to reach 1¢ per satoshi rather than $1 per sat.

So the 1¢ per sat could happen within a year or more realistically in 3 to 10 years and more pessimistically 20 to 50 years from now. 

I personally believe that amongst the best case scenarios for $1 per satoshi would be in the ballpark of 40 to 50 years from now, yet more conservative scenarios, it could even take 120 to 200 years for that kind of a $1 per satoshi scenario to play out.. I am more inclined to think on the lower end of that outer spectrum of 120 years from now but still a long way out and I am not talking about hyper inflated dollars but instead in terms of the value of today's dollars.

No matter what the 1¢ per satoshi scenarios are way closer in reach of the life times of a lot of current forum members, and the $1 per satoshi scenarios might be reachable during the lifetimes of the younger of the forum members yet the kids and/or grandkids of the youngest forum members might NOT still be living for the longer and more pessimistic scenarios...

I have heard that a generation is like 20-30 years, so even if some lives of forum members over lap several (maybe even 8?) generations, the more pessimistic views of might be barely getting $1 per satoshi... though the more I think about it, it seems like for me, that if a kind of natural progression for bitcoin plays out, then a base case of around 100 years for the $1 per satoshi to end up happening, so that would be about 4 generations.  I did make out a chart for this (not trying to put too much supposed credibility on my SOMA**tm-eddie guess, but I don't want to post it... I might post my chart at a later date.

**Straight out of my ass.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: erep on November 19, 2023, 08:12:47 PM
Its not bad on being optimistic but we should really be at least realistic on things basing up on what we are seeing. Yes, Bitcoin does really have the potential but we should really be thinking up on numbers
which are really that something reachable and not really just that too far off or really out of the charts. Why?  If we do speak about $1/sats then imagine on how much 1 Bitcoin price would be?
Its not something that we cant really be able to witness or simply being impossible. There are even those talks about $1M/coin which it is already that too far or almost impossible.
How much more in $1 per sats?

It would be better that you should really be just go only with the flow with its price, dont make yourself that too optimistic or really that expecting on something like
this number on which we know that there would really be no assurance or something that cant happen even in our wildest dreams.
You are right, we have seen too much unrealistic speculation even though we hope for high prices but talking about speculation must be realistic according to the market potential which can reach that price in the next few years, we should not talk about price speculation per/sat but our current capacity for price speculation per 1 btc, unless the price is $1 million/btc then we can only review the price per sat because the price has exceeded our speculation limit, we hope that the price of bitcoin will soon enter the bullish zone to prove the $100k speculation that has been predicted for several years previously.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 19, 2023, 08:41:33 PM
Its not bad on being optimistic but we should really be at least realistic on things basing up on what we are seeing. Yes, Bitcoin does really have the potential but we should really be thinking up on numbers
which are really that something reachable and not really just that too far off or really out of the charts. Why?  If we do speak about $1/sats then imagine on how much 1 Bitcoin price would be?
Its not something that we cant really be able to witness or simply being impossible. There are even those talks about $1M/coin which it is already that too far or almost impossible.
How much more in $1 per sats?

It would be better that you should really be just go only with the flow with its price, dont make yourself that too optimistic or really that expecting on something like
this number on which we know that there would really be no assurance or something that cant happen even in our wildest dreams.
You are right, we have seen too much unrealistic speculation even though we hope for high prices but talking about speculation must be realistic according to the market potential which can reach that price in the next few years, we should not talk about price speculation per/sat but our current capacity for price speculation per 1 btc, unless the price is $1 million/btc then we can only review the price per sat because the price has exceeded our speculation limit, we hope that the price of bitcoin will soon enter the bullish zone to prove the $100k speculation that has been predicted for several years previously.

The more that the BTC price goes up, then more sense it makes to talk about it in terms of satoshis rather than in terms of BTC - especially since it is likely easier for an overwhelming majority of normies to comprehend positive numbers rather than numbers right of the decimal and decimal places... so if bitcoin gets to $100k, then you could get 10 satoshis for 1¢


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: doomloop on November 20, 2023, 02:22:16 PM
I believe that in the future the price of bitcoin could reach $100 million due to the limited total supply and increasing popularity. In the past Bitcoin reaching $100k was impossible and anyone who said this was considered crazy, but today $100k looks very possible and in fact most people assume that in the next bull the price of Bitcoin will cross $100k. However if we talk about impossibilities, there are many impossibilities that are difficult to answer with current theories, including the impossibility you convey.
Even though it's true that nothing is impossible and the world believes in it, I believe we should always think realistically about things despite that fact I stated in the beginning. Bitcoin has a limited supply, it's true, and its demand keeps increasing, that is true as well, but will that demand make the price go as high as we are talking about here? It doesn't sound possible to me because even if the whole world adopts Bitcoin and the demand increases significantly, the price would still not be able to go that high, in my opinion.

There will always be people who will be willing to sell their Bitcoins for a certain price just to book profits that they are getting, and there will also be bull and bear cycles, which won't let the price just keep going up all the time. So, even if the prices reach that high, as said by others earlier, it will happen after many generations and not very early. And who knows? Maybe something else, much better and superior than Bitcoin, is created in the future.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: itorai on November 20, 2023, 03:55:32 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
It's true that it sounds unreasonable, but in various cases there are many true stories that, like you said, are true. In the crypto world there is no such thing as impossible.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Wiwo on November 20, 2023, 04:08:15 PM
I think that there is possibility to have such price amount for the 1 sat in the future and even beyond that 1$ but that is going to take a long time from now to happen,  but the possibilities are there for that to happen at some point so while we jeep speculating that price benchmark to be achieve we have to focus on the effect of that price on the overall network because Bitcoin have shown a lot of time that,  the higher the price hyke in sudden proportion the higher the network congestion and this have result into investors only being interest in the long term slow market movement that doesn't result in any revise network crisis.

But certainly we are going to see that price if we are able to wait let ng enough for that to happen and when it will happen because achieving that price won't come so easily as thought.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 20, 2023, 06:33:13 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???
It's true that it sounds unreasonable, but in various cases there are many true stories that, like you said, are true. In the crypto world there is no such thing as impossible.

We are not talking about crypto in this thread...

We are talking about bitcoin.

Maybe you should rethink your statement... and if you meant to say bitcoin, then why didn't you say it?  Probably you were trying to appear smart, so you try to describe some kind of an amorphous category in which you believe bitcoin fits within the category... but does it?    Why does the term "crypto" help your sentence and/or your ideas at all when clearly this thread is specifically talking about bitcoin?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: danadc on November 20, 2023, 07:49:46 PM
At the pace we are going , it is Clear that it can happen, because that is what many can do if things go as they have said, but if we can get an idea of what we are doing , then yes, it is possible that it will happen. only 1 satoshi costs 1 dollar, the d pro faucets would decrease or be Completely eliminated , because everything indicates that it could be like that , not right now , I think that this can happen in about 10 more years, because bitcoin still continues to give a lot of what talk and the most likely thing is that it will rise more in price, it is what is Noticeable, in the Short term it is seen , and that it can reach a high Price due to what many Analysts Say.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 20, 2023, 10:17:31 PM
At the pace we are going , it is Clear that it can happen, because that is what many can do if things go as they have said, but if we can get an idea of what we are doing , then yes, it is possible that it will happen.

You are committing a logical error to propose that the BTC price can go up to those levels based on the pace it is going up, and the amount that bitcoin can go up has to still be considered within reality of what is possible.

Shitcoiners make those kinds of errors all the time, and it relates to the unit bias error too.. in why someone might say that Doggie coin can go up to $1 because a dollar is not very much.. or that Ethereum (or even doggie coin) can go up to the same price as bitcoin because bitcoin was once at those same prices at some earlier point.

If satoshis were to go up to $1, then a bitcoin would be $100 million and the market cap of bitcoin would be $2.1 quadrillion, and sure some of the satoshis are lost forever, so surely the market cap would likely end up being less than $2.1 quadrillion... but at the same time, today, as I type this post, the total addressable market of all the items that have monetary value is only around $900 trillion, so I am not saying that it is impossible to reach $2.1 quadrillion, but I am saying that you are making a logical fallacy if you are saying that bitcoin prices can get there merely based on the pace that bitcoin has been going up so far.  You should be able to see the ridiculousness of such a claim on its face.

Think about your error like the error contained in the statements of the below meme:

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRUX6LW5oUfB_F-2k4mr2HRaa8ax4HaPo9Vh8Hvnzdf_jGzdCJ86dBsKpXR8CVK12TawcQ&usqp=CAU

only 1 satoshi costs 1 dollar, the d pro faucets would decrease or be Completely eliminated , because everything indicates that it could be like that , not right now , I think that this can happen in about 10 more years, because bitcoin still continues to give a lot of what talk and the most likely thing is that it will rise more in price, it is what is Noticeable, in the Short term it is seen , and that it can reach a high Price due to what many Analysts Say.

10 years?  Wow.  I had earlier stated 50 years at the earliest, but more likely in the ballpark of 120 years and maybe worser case scenario around 200 years.  but, hey what do I know?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: kingvirtus09 on November 21, 2023, 06:37:10 AM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts? ???

It is possible for that to happen; just how much market cap will be needed in the market when that happens? So probably before that happens, I might not be in this world if Bitcoin or cryptocurrency are still alive in this industry.

Although it's okay to save this Bitcoin within 1–15 years from now so that you somehow have something to pass on to the love of your life, whether it's your wife or children, right?


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: cryptoknightt on November 21, 2023, 10:52:48 AM
I don't know how many years it will take for BTC to reach a price of 100 million $, but if you remember the increase every time then it is likely that it will happen, maybe it will take decades or more, but I am also sure it will happen.
People wouldn't think they could reach 69k$ when the price of bitcoin was still below 1$, and it's like that now, just speculate.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: minoxpro on November 21, 2023, 11:04:54 AM
All possibilities exist within Betcoin , in the past few years it has seen significant development in terms of its value. I guess that in the future, it could attain substantial value because countries are striving to enhance their economic situations and Betcoin is considered one of the solutions. Consequently the value of one Satoshi may be worth in the future .


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: rodskee on November 21, 2023, 11:50:33 AM
All possibilities exist within Betcoin , in the past few years it has seen significant development in terms of its value. I guess that in the future, it could attain substantial value because countries are striving to enhance their economic situations and Betcoin is considered one of the solutions. Consequently the value of one Satoshi may be worth in the future .
first it is not BETCOIN mate, it is BITCOIn you have mentioned twice yet wrong spelling .

But what you are telling us is possible but for Satoshi to rich 1 dollar means bitcoin needs
to attain Millions of dollars in value so with all the expectation but it may not happen in the near future.

I don't want to expect this coming instead I am waiting for something more reasonable and
reality , so 100k for bitcoin and not 1 dollars per satoshi .


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Abiky on November 21, 2023, 12:22:43 PM
The more that the BTC price goes up, then more sense it makes to talk about it in terms of satoshis rather than in terms of BTC - especially since it is likely easier for an overwhelming majority of normies to comprehend positive numbers rather than numbers right of the decimal and decimal places... so if bitcoin gets to $100k, then you could get 10 satoshis for 1¢

Exactly. In the future, everyone will be dealing in satoshis. That's because higher market prices will make it difficult for most people to buy bigger amounts of BTC. If the cryptocurrency goes as high as $100m in the future, it's likely a satoshi will be divided into smaller units to avoid paying high network fees. So higher market prices shouldn't be much of an issue in the long run.

I think we're far away from seeing this become a reality as the USD is still the world's reserve currency. Only hyperinflation will lead us there faster than you can imagine. Keep buying and holding BTC, and who knows if you or your kids/grandchildren will become rich someday? ;D


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: itorai on November 22, 2023, 02:11:03 PM
_snip_
It's true that it sounds unreasonable, but in various cases there are many true stories that, like you said, are true. In the crypto world there is no such thing as impossible.

We are not talking about crypto in this thread...

We are talking about bitcoin.

Maybe you should rethink your statement... and if you meant to say bitcoin, then why didn't you say it?  Probably you were trying to appear smart, so you try to describe some kind of an amorphous category in which you believe bitcoin fits within the category... but does it?    Why does the term "crypto" help your sentence and/or your ideas at all when clearly this thread is specifically talking about bitcoin?
Yes, that's exactly what I meant. sometimes I'm too used to hearing people confuse crypto and bitcoin. So I got used to following it. After I studied and thought about it, it turned out that Bitcoin was the right one. Because it seems that crypto and bitcoin are related but they are different.
I really appreciate your advice.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Aanuoluwatofunmi on November 22, 2023, 02:48:28 PM
It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: Dr.Bitcoin_Strange on November 22, 2023, 06:20:29 PM
All possibilities exist within Betcoin , in the past few years it has seen significant development in terms of its value. I guess that in the future, it could attain substantial value because countries are striving to enhance their economic situations and Betcoin is considered one of the solutions. Consequently the value of one Satoshi may be worth in the future .

You have a very good point there, @minoxpro, because I was wondering what 1 Satoshi was worth in dollars when 1 Bitcoin was still $1. When Bitcoin was still sold per dollar per one, then 1 Satoshi was very poor in value, but when the price of Bitcoin got to about $70k in the last ATH, it caused the value of one Satoshi to increase, and definitely if the price of Bitcoin keeps growing while Bitcoin keeps exiting for decades or centuries to come, then I think it can be very possible that one Satoshi might definitely get to $1, but we will not still be alive by then, I assume.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JunaidAzizi on November 22, 2023, 07:14:52 PM
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
Thoughts? ???
I think it's possible but the point is that it will take much more time then our expectations because currently most country avoid to give attention to Bitcoin because of his negative side or some kind of topical trust issue, but if we have a look at every currency each and every one has Bad  and good side so why not we should focus on Bitcoin brighter side and add to country civilian life to store his saving from inflation because is the one who can hold you assets value for a long. So if world understand benifits of Bitcoin and start to adopt one by one then may be we can say that Bitcoin can hit 100million because at that time we have some limited amount of Bitcoin supply but the demand will be raised much more as by making it legal. So currently there is no sign that world will agree to use Bitcoin instead of this value loosing fiat.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: erep on November 27, 2023, 09:53:56 PM
It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.
Prediction of a high price of $500k or $1/Satoshi will be reached in the next 10 years, because the current ATH has only reached a price of $69k and bitcoin took almost 10 more years since bitcoin was released to reach the ATH price last year, I do not doubt any price speculation from many opinions but the higher the predicted price, the longer it will take for the opportunity to reach a high price, I am optimistic that next year's price can recover $50k in the first quarter, the volatile market is very tied to everything that impacts the economy, hope that next year the market price will increase significantly approaching the previous ATH price.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 27, 2023, 10:00:20 PM
It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.
Prediction of a high price of $500k or $1/Satoshi will be reached in the next 10 years,

Your math is off erep.  $1 per satoshi is $100 million per BTC, and so $500k per BTC would be 1/2¢ per satoshi.  $1 million per BTC is 1¢ per satoshi.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: EarnOnVictor on November 28, 2023, 08:44:46 AM
It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.
As much as I'd love to join you in this fantastical extrapolation and also encourage Bitcoin enthusiasts, I would rather live more in reality than in the dream, at least within what is foreseeable. Are you kidding me? For 1 Sat to become $1 means that Bitcoin is now priced at $100,000,000, because 100,000,000 Sats = 1 BTC. That's crazy.

As much as I wouldn't dispute this, I don't believe it either, and my lack of belief is that it would naturally cause inflation, even as it's unrealistic. There will be needless creation of Billionaires and Trillionaires in dollars. That amount is f**king outrageous.

Lastly, even if this happens, it can't be in this generation, not even in the negation of our children. At this point, I urge BTT members, to please, leave the dream and fantasy world and come back to reality. :)


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: pinggoki on November 28, 2023, 09:09:33 AM
~
Anyone considering to buy bitcoin based on possible upside scenarios should attempt to be somewhat realistic in terms of timeline and probabilities, and surely these are quite speculative type plays.
I guess you're right, forgot about the part that you need to be practical and realistic at how you're going to envision your investment in bitcoin. Maybe I am too optimistic and too hyped about bitcoin that I see 1 sat equal to 1 dollar as a future but hey, everyone can dream even the delusional ones right? :D

~
Without getting into dollar debasement so much, yet I would think that the best of scenarios would take 50 years for $1 to equal 1 sat (that means more or less in today's dollar value), but the more likely timelines would be 100 years or more, and so there could be a variety of lesser scenarios that would have to play out before getting to those higher numbers, and I would think that even the lesser scenarios justify getting some kind of a position in bitcoin, whether you are on the whimpy side, such as 1% of your investment portfolio in bitcoin or if you are on the more aggressive side and put 25% of your investment portfolio into bitcoin.
Now that you've put that realism lens to my eyes, I would say that a million for 1 bitcoin is probably not going to happen in that 50 year timeline, maybe even at a 100 years, I don't think that's a possibility, that could only happen if people all over the world and the government has accepted that bitcoin's the real deal and I don't think it's ever going to happen because resistance to change will always be present among these people that are benefiting from the traditions.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 28, 2023, 05:27:45 PM
It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.
As much as I'd love to join you in this fantastical extrapolation and also encourage Bitcoin enthusiasts, I would rather live more in reality than in the dream, at least within what is foreseeable. Are you kidding me? For 1 Sat to become $1 means that Bitcoin is now priced at $100,000,000, because 100,000,000 Sats = 1 BTC. That's crazy.

As much as I wouldn't dispute this, I don't believe it either, and my lack of belief is that it would naturally cause inflation, even as it's unrealistic. There will be needless creation of Billionaires and Trillionaires in dollars. That amount is f**king outrageous.

Lastly, even if this happens, it can't be in this generation, not even in the negation of our children. At this point, I urge BTT members, to please, leave the dream and fantasy world and come back to reality. :)

In one of my earlier posts in this thread (perhaps my first post), I already outlined how $100million per bitcoin is within current addressable market expectations, even though it could take 150 to 200 years to get there... and surely my reference points would be that the total market cap of bitcoin at $100million per coin would be $2.1 quadrillion, and so currently the total addressable market is ONLY around $900 trillion, and I had been arguing that you don't even  need dollar inflation to reach those numbers, but instead you can use current dollar value.. and surely dollar debasement is like a kind of cheating. but still makes it a lot easier to reach, and I had previously suggested 50 years to be the earliest possible scenario if we are using current dollar values.. but surely in the end, everything gets muddled.. even the gold market cap might not be a good comparison since the gold market cap has its own problems, including but not limited to its paper dilution...

Hopefully, you have not underinvested into bitcoin based on your seemingly overly conservative ideas, EarnOnVictor.   Perhaps you consider bitcoin to be a mature (or almost mature) asset, too?   :D :D :D :D :D 

Or maybe you don't recognize and/or appreciate the various real world paradigm shifting dynamics of bitcoin to be able to have such a power to be able to store and transmit value digitally in which no one can make a copy?  It seems to be a pretty BIG deal, even if we cannot really know all of the infrastructure that will continue to be built upon it and around it.

~
Anyone considering to buy bitcoin based on possible upside scenarios should attempt to be somewhat realistic in terms of timeline and probabilities, and surely these are quite speculative type plays.
I guess you're right, forgot about the part that you need to be practical and realistic at how you're going to envision your investment in bitcoin. Maybe I am too optimistic and too hyped about bitcoin that I see 1 sat equal to 1 dollar as a future but hey, everyone can dream even the delusional ones right? :D

You still have to survive to be able to benefit from such a thing, and there could be a lot of battles along the way, including some people getting caught into situations in which they get their coins taken from them (or they lose them through their own inadvertences). Another thing, if you have an income that is between $800 and $2,000 per month, but your expenses are $1k per month, then surely you have to figure out how aggressive that you can be in terms of how much bitcoin you buy every month. and surely you can be more aggressive in your BTC accumulation if you have other things in place, such as enough for expenses for 6 months or longer (which would be $6k) and some emergency funds, and so many of us have to figure out ways to make sure that we can stay in the game, including being careful regarding how much BTC we store with 3rd parties (maybe not allowing any more than 20% of all your stash to be with them at any given time), but even when we engage in our own private key management, we can make mistakes by being too simple or not researching sufficiently secure systems, or we could even overly complicate matters and lose our coins that way... also how much do you talk about bitcoin with people who might end up leaking your bitcoin amounts and/or security practices..... so I am not wanting to get off of topic regarding many things that could happen along the way, and we likely want to be as aggressive as we are able to be in terms of our own BTC accumulation, but at the same time, not so aggressive that we end up losing our coins or putting ourselves in to a position in which we have4 to sell some or all of our coins at a time that is not completely of our own choosing.. and my own proposal is that no one should ever be selling all of their coins, so whatever coins they do sell would likely not be a very large percentage of their overall stash.. and of course, people differ in their opinions on the topic of BTC stash management... and/or when/if/how to cash out.

~
Without getting into dollar debasement so much, yet I would think that the best of scenarios would take 50 years for $1 to equal 1 sat (that means more or less in today's dollar value), but the more likely timelines would be 100 years or more, and so there could be a variety of lesser scenarios that would have to play out before getting to those higher numbers, and I would think that even the lesser scenarios justify getting some kind of a position in bitcoin, whether you are on the whimpy side, such as 1% of your investment portfolio in bitcoin or if you are on the more aggressive side and put 25% of your investment portfolio into bitcoin.
Now that you've put that realism lens to my eyes, I would say that a million for 1 bitcoin is probably not going to happen in that 50 year timeline, maybe even at a 100 years, I don't think that's a possibility, that could only happen if people all over the world and the government has accepted that bitcoin's the real deal and I don't think it's ever going to happen because resistance to change will always be present among these people that are benefiting from the traditions.

"I would say that a million for 1 bitcoin is probably not going to happen in that 50 year timeline"

If you perhaps made a mistake? above, and you meant to say that in regards to $100 million per bitcoin, then I would agree with you, but if you are talking about $1 million per bitcoin not being reachable in 50 years, that $1 million per bitcoin is reachable in this cycle or even more likely within the next few cycles, so I doubt it would take even close to 20 years before bitcoin has some peak spot price of $1 million per coin, even if the spot price might not be a lasting price, yet at the same time I understand that there are no guarantees regarding any of this and there are some outlier cases in which it might take more than 20 years for bitcoin to reach a spot price of $1 million per coin.

Even in  my current fairly conservative fuck-you status chart (https://bitcointalk.org/index.php?topic=5376945.msg58719591#msg58719591), which is based on bottom prices (the 200-week moving average), I show $1 million as the bottom (200-week moving average) in 2049, and I believe that my latest revisions are pretty conservative.. so erroring on the side of conservatism... but what I was able to post in regards to my chart only goes out to 2078 with the bottom at $5.6 million per coin, and my extended version shows right around 2144 with the bottom crossing over $100 million per coin.. so it seems really strange to try to project out that far, and many things could happen to end up invalidating the chart and some of its currently seemingly valid presumptions.


 


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: pinggoki on November 29, 2023, 02:15:11 AM
~

You still have to survive to be able to benefit from such a thing, and there could be a lot of battles along the way, including some people getting caught into situations in which they get their coins taken from them (or they lose them through their own inadvertences). Another thing, if you have an income that is between $800 and $2,000 per month, but your expenses are $1k per month, then surely you have to figure out how aggressive that you can be in terms of how much bitcoin you buy every month. and surely you can be more aggressive in your BTC accumulation if you have other things in place, such as enough for expenses for 6 months or longer (which would be $6k) and some emergency funds, and so many of us have to figure out ways to make sure that we can stay in the game, including being careful regarding how much BTC we store with 3rd parties (maybe not allowing any more than 20% of all your stash to be with them at any given time), but even when we engage in our own private key management, we can make mistakes by being too simple or not researching sufficiently secure systems, or we could even overly complicate matters and lose our coins that way... also how much do you talk about bitcoin with people who might end up leaking your bitcoin amounts and/or security practices..... so I am not wanting to get off of topic regarding many things that could happen along the way, and we likely want to be as aggressive as we are able to be in terms of our own BTC accumulation, but at the same time, not so aggressive that we end up losing our coins or putting ourselves in to a position in which we have4 to sell some or all of our coins at a time that is not completely of our own choosing.. and my own proposal is that no one should ever be selling all of their coins, so whatever coins they do sell would likely not be a very large percentage of their overall stash.. and of course, people differ in their opinions on the topic of BTC stash management... and/or when/if/how to cash out.
I wish I do have that kind of income stream, that would be enough for me to live comfortably in my country since the price of goods here is expensive, if the case is that I will be having to spend my bitcoin for something urgents comes, I just hope that I have other means to make money and I have saved a bit of fiat to hopefully not use my considerable bitcoin stash for those stuff, I'm still young anyway and I am not that materialistic so I know that I'm going to be just fine as long as I don't get into anything bad like disease or accident. Regarding my security, I have the most simple storage in Electrum, no need to be too complicated about those stuff and at the same time it's enough security and I don't tattle tale, maybe when they ask me, I just show them a small amount of my stash that's separate from my main stash and I lie to them that I don't have a lot and that's all that I have so they don't pry too much.


Title: Re: Can 1 satoshi be worth $1 in the future?
Post by: JayJuanGee on November 29, 2023, 08:17:29 PM
~
You still have to survive to be able to benefit from such a thing, and there could be a lot of battles along the way, including some people getting caught into situations in which they get their coins taken from them (or they lose them through their own inadvertences). Another thing, if you have an income that is between $800 and $2,000 per month, but your expenses are $1k per month, then surely you have to figure out how aggressive that you can be in terms of how much bitcoin you buy every month. and surely you can be more aggressive in your BTC accumulation if you have other things in place, such as enough for expenses for 6 months or longer (which would be $6k) and some emergency funds, and so many of us have to figure out ways to make sure that we can stay in the game, including being careful regarding how much BTC we store with 3rd parties (maybe not allowing any more than 20% of all your stash to be with them at any given time), but even when we engage in our own private key management, we can make mistakes by being too simple or not researching sufficiently secure systems, or we could even overly complicate matters and lose our coins that way... also how much do you talk about bitcoin with people who might end up leaking your bitcoin amounts and/or security practices..... so I am not wanting to get off of topic regarding many things that could happen along the way, and we likely want to be as aggressive as we are able to be in terms of our own BTC accumulation, but at the same time, not so aggressive that we end up losing our coins or putting ourselves in to a position in which we have4 to sell some or all of our coins at a time that is not completely of our own choosing.. and my own proposal is that no one should ever be selling all of their coins, so whatever coins they do sell would likely not be a very large percentage of their overall stash.. and of course, people differ in their opinions on the topic of BTC stash management... and/or when/if/how to cash out.
I wish I do have that kind of income stream, that would be enough for me to live comfortably in my country since the price of goods here is expensive,

Don't get distracted by the actual numbers, but instead try to focus on the ideas being presented. .that you have an income stream and you have expenses.  If you do not have more money in your income stream than you have in your expenses, then you either need to cut your expenses and/or increase you income prior to investing.  Otherwise you should not be investing.

Also you should not be investing if you don't have at least a month or more of extra savings to cover expenses and/or cashflow shortages, and truly you should have 3-6 months or longer of cash before you start investing, but it is possible to still invest with less, but you are running the risk that you might end up needing to cash out of your investment at a time that is other than your own choosing, so it does not make very much sense if you are trying to invest with money that you might need for short term expenses and/or for emergencies that might come up.

if the case is that I will be having to spend my bitcoin for something urgents comes,

Your cashflow might not be stable enough to invest into bitcoin.  Let me change the example.  Let's say that you have income that is $200 to $300 per month, but your expenses are right around $240 per month.  so some months you don't have enough to cover your expenses and other months you have extra, but on average you have only about $10 extra, so you might need to save 3 months or more to get up to $750 in savings before you even start to invest in bitcoin, and then you might ONLY be able to afford around $10 per month to invest into bitcoin.. .so yeah, either you would need to increase your  income or to decrease your expenses if you want to invest more than $10 per month into bitcoin after you had first established your emergency fund.

I just hope that I have other means to make money and I have saved a bit of fiat to hopefully not use my considerable bitcoin stash for those stuff, I'm still young anyway and I am not that materialistic so I know that I'm going to be just fine as long as I don't get into anything bad like disease or accident.

Some people start from worse starting places than others, so sometimes there are ways to improve your chances.. and also you are likely in a better place if you save, but sometimes you have to figure out if there might be ways that you can increase your income or change what kind of jobs you are eligible for.

Regarding my security, I have the most simple storage in Electrum, no need to be too complicated about those stuff and at the same time it's enough security and I don't tattle tale, maybe when they ask me, I just show them a small amount of my stash that's separate from my main stash and I lie to them that I don't have a lot and that's all that I have so they don't pry too much.

Well, yeah, you could build your stash for years and years and years, and maybe even 20 years or more before you might start to treat yourself, or maybe at some points along the way you treat yourself, but if you start to treat yourself too much, then people start to notice and they might start to wonder from where you are getting the extra money.  Sometimes you could just have a story about a side job that you have or something, but yeah, if people are curious, at some point you do have to figure out if there may be some needs to tell them that they are asking too many questions.. as long as it does not cause them to become evil towards you and then want to rob you or something because they thought that you were being too secretive.  You might not have very good friends/relatives, if that's the case.