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Author Topic: one Satoshi is equal to a one Satoshi  (Read 118 times)
mr_ROBOTT (OP)
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February 16, 2021, 07:47:44 AM
 #1

Congratulations, dear ones, the future will remember you as the pioneers of the digital world. This is what I want to tell you is a personal opinion.
In my opinion, Bitcoin is still the first way and like all other technologies, it is opposed first and finally matures with the acceptance of the general public.
I guess the higher the price of bitcoin, the less the price fluctuates, and this is the best tool for storing values.It comes to a standstill and solves the challenges that lie ahead.
I hope that the best inheritance we can give our children is bitcoin.Maybe then bitcoin will be a collectible like the coins of ancient Greece.But I can say with all my might that bitcoin never loses its value.

Conclusion:
(a 1 Satoshi is equal to a 1 Satoshi)
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February 16, 2021, 08:13:11 AM
 #2

Congratulations, dear ones, the future will remember you as the pioneers of the digital world. This is what I want to tell you is a personal opinion.
In my opinion, Bitcoin is still the first way and like all other technologies, it is opposed first and finally matures with the acceptance of the general public.
I guess the higher the price of bitcoin, the less the price fluctuates, and this is the best tool for storing values.
The prices will only stabilize if people stopped auctioning bitcoin at lower prices which causes the winners to sell it at an exchange price. I agree that we are still far from being accepted by the general public but the current situation of bitcoin makes the recognition ever closer. I disagree with you on the reasoning that the prices fluctuates less when the price are higher, the reason the prices are higher is because of supply and demand.
Conclusion:
(a 1 Satoshi is equal to a 1 Satoshi)
What does this mean?

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February 16, 2021, 08:28:28 AM
 #3


What does this mean?


He's basically saying that what you see is what you get. In other words, 1 dollar = 1 dollar.

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February 16, 2021, 11:06:17 AM
 #4


What does this mean?


He's basically saying that what you see is what you get. In other words, 1 dollar = 1 dollar.

or 1 satoshi will always be 1 satoshi, regardless of its FIAT value.


-snip-

I hope that the best inheritance we can give our children is bitcoin.Maybe then bitcoin will be a collectible like the coins of ancient Greece.But I can say with all my might that bitcoin never loses its value.


Imagine in 20 years when that child is realising his or her inheritance what it will be worth.

They would be still classed as early adopters!

R


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February 16, 2021, 11:17:14 AM
 #5

Congratulations, dear ones, the future will remember you as the pioneers of the digital world. This is what I want to tell you is a personal opinion.
In my opinion, Bitcoin is still the first way and like all other technologies, it is opposed first and finally matures with the acceptance of the general public.
I guess the higher the price of bitcoin, the less the price fluctuates, and this is the best tool for storing values.
The prices will only stabilize if people stopped auctioning bitcoin at lower prices which causes the winners to sell it at an exchange price. I agree that we are still far from being accepted by the general public but the current situation of bitcoin makes the recognition ever closer. I disagree with you on the reasoning that the prices fluctuates less when the price are higher, the reason the prices are higher is because of supply and demand.
Conclusion:
(a 1 Satoshi is equal to a 1 Satoshi)
What does this mean?


Does OP mean 1 satoshi equals 1 dollar? I am not sure though. Anyway, I also disagree that the higher the price of Bitcoin the less its volatility will be. I am not sure when we can experience less volatility with Bitcoin - as for now nobody can really tell what the factors that can lessen its volatility. Volatility is an argument why there are those who believe that it is not good for Bitcoin to be replacing the dollar in international transactions. Let's see what can be and just watch developments surrounding Bitcoin.




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February 16, 2021, 12:59:03 PM
 #6


Does OP mean 1 satoshi equals 1 dollar? I am not sure though. Anyway, I also disagree that the higher the price of Bitcoin the less its volatility will be. I am not sure when we can experience less volatility with Bitcoin - as for now nobody can really tell what the factors that can lessen its volatility. Volatility is an argument why there are those who believe that it is not good for Bitcoin to be replacing the dollar in international transactions. Let's see what can be and just watch developments surrounding Bitcoin.

No! What he means is 1 satoshi is 1 satoshi and that makes sense! Because till date we compare bitcoin in fiat values as per our local currency. And for general understanding, we use USD value of bitcoin. That will not be needed in future if cryptocurrency becomes mainstream. Fiat currencies are inflated  due to various reasons and cryptocurrency is somewhat not prone to such devaluation risk.

Probably 10 years down the line, we will see such things happening where we will consider bitcoin value of the products once it becomes widespread. But for now, it's wise to consider fiat equivalent for calculation.

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