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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 16137 times)
giveen
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February 28, 2017, 03:20:42 PM
 #101

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.

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February 28, 2017, 03:29:17 PM
 #102

There is no need to change anything because this definitely will not happen. It is nice to dream that bitcoin will be expensive in the future but there is a limit on what we are dreaming or else we will live in a fantasy. But if ever there is a need for that kind of change, I think bitcoin is flexible enough to accommodate further denomination.

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February 28, 2017, 03:29:47 PM
 #103

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.
It's just wishful thinking but seeing that it rose to $1200 from $0.09 in 8 years is growth and spread that even cancer and ebola can't beat Tongue
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February 28, 2017, 03:30:17 PM
 #104

If 1 satoshi is 1$ all of us here is become multi millionaire. In that certain amount we all become rich easily but also bitcoin price is high value and people might could not afford to buy bitcoin. But, its will take a long years to reach this amount of satoshi.

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February 28, 2017, 03:31:05 PM
 #105

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it.  

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.

giveen, its about 7-8 years old but you are not wrong in the sense that bitcoin was worthless back in 2009-2010. it was 20111 when people had gained some sort of knowdelge for it and had value of about $1 for the firsttime. so its not wrong to say 5-6 years old in this sense.
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February 28, 2017, 03:37:47 PM
 #106

if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price

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CraigWrightBTC
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March 02, 2017, 02:14:43 PM
 #107

if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
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March 02, 2017, 05:01:28 PM
 #108

if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.

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March 02, 2017, 06:24:15 PM
 #109

if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.
Yup and the other reason why 1 sat is 1$ will not happens soon because on the bitcoin still there are problem about the block size of bitcoin and still there are not good solution for this problem that can be accepted by all of comunity bitcoin (developer, traders, investors and the miners) it will happens if the problem block size of bitcoin can be fixed.
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March 02, 2017, 11:58:25 PM
 #110

if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.
Yup and the other reason why 1 sat is 1$ will not happens soon because on the bitcoin still there are problem about the block size of bitcoin and still there are not good solution for this problem that can be accepted by all of comunity bitcoin (developer, traders, investors and the miners) it will happens if the problem block size of bitcoin can be fixed.
i think there are some issues that must be sole in priority bases, because some time these issues are causing huge problems. for example the transaction conformation problems, which is making people confused, therefore i think it is most important to solve these issues.

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March 03, 2017, 12:56:44 AM
 #111

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
That's not going to be happen did you total it how much is that in 1 bitcoin? even yourself your not gonna believe if this will happen. I guess the next time you create a topic make it meaningful, something like the audience or member will really get knowledge on it.
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March 03, 2017, 01:12:19 AM
 #112

Currently I have about 0.3 or 30 million satosi, so equal to 30 million USD, of course I'll be rich and could soon be out of a job for the new business. I hope it can be happen  Grin
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March 03, 2017, 01:17:16 AM
 #113

Currently I have about 0.3 or 30 million satosi, so equal to 30 million USD, of course I'll be rich and could soon be out of a job for the new business. I hope it can be happen  Grin
The problem is not the price of bitcoin but what will you buy with them, if in the future you need 1 million dollars to buy a bottle of water then even if a satoshi is worth a dollar you can’t buy much with them.

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March 03, 2017, 01:28:39 AM
 #114

If 1 satoshi is 1$ all of us here is become multi millionaire. In that certain amount we all become rich easily but also bitcoin price is high value and people might could not afford to buy bitcoin. But, its will take a long years to reach this amount of satoshi.
Too many the new millionaire will make the lambo factory is very busy to produce more lambo to fill his demand. This is a joke statement and just need a reply by a joke too. 1 satoshi = $1 it will never ever happen in the future.

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March 03, 2017, 03:04:04 AM
 #115

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

Of course if that really happen many will become reach who hold bitcoin in the entire world. I can't imagine how people would be happy if that's really happen, I think the poverty would instantly being resolve if many will become rich.

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March 03, 2017, 03:21:08 AM
 #116

I saw the 0.001 BTC is now $ 1.2 I think to get the price to be great again, it seems for $ 1 probably will reduce the zeros behind point, 1 or 2 years longer 0.0001 BTC for $ 1 may be so if the price of bitcoin really increased by at least $ 1 for 1000 satoshi


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Dudeperfect
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March 03, 2017, 03:23:44 AM
 #117

In next month (if every bitcoin user thinks so), the price is determined by the law of demand and supply. If buyers are willing to pay $1 for a Satoshi then that will be the price of the satoshi. However, practically it is not possible anytime in near future because it will require huge market capital and unless warren buffet, Bill gates decides to pour their money in bitcoin, such thing is out of question as of now.

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March 03, 2017, 03:31:53 AM
 #118

In next month (if every bitcoin user thinks so), the price is determined by the law of demand and supply. If buyers are willing to pay $1 for a Satoshi then that will be the price of the satoshi. However, practically it is not possible anytime in near future because it will require huge market capital and unless warren buffet, Bill gates decides to pour their money in bitcoin, such thing is out of question as of now.
It would really require huge demand on bitcoin if the price per satoshi is $1 and considering the price per bitcoin is very high which isnt possible to happen in our lifetime or on next generation but still no one knows on what would happen but for sure government would create their own e-currency in future which would be a big blockage on bitcoins progress.

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March 03, 2017, 03:43:23 AM
 #119

At the current price, 1BTC = $1260, so 1mBTC = $1.26 and 1 satoshi is $ 0.0000126. The increase has to be about 80,000 times. Not going to happen in foreseeable future.

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ether19
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March 03, 2017, 03:59:59 AM
 #120

1 satoshi = 1$ happening would be a dream come true. But based on the current situation I don't see that happening soon. There will always be traders trying to sell in and this will definitely affect the price. Perhaps in the next 50 years, if things are going well for bitcoin, it might just happen.

Who knows, because you could just buy ~3200 bitcoin for $1 back in 2009 or so. Now 1250 USD is 1 bitcoin. Things can change with time.

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