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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 16137 times)
deadpoolx
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March 05, 2017, 08:22:56 PM
 #161

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?
The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.
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March 05, 2017, 08:26:18 PM
 #162

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?
The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

I do not see people moving to Bitcoin once the economy collapse.  And if ever I think fiat currency is the most efficient currency to be used.  It does not need internet to be used.  Easily accepted by the shop and store and the convenience of transacting with fiat currency had not been achieved with using Bitcoin.

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deadpoolx
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March 05, 2017, 08:42:25 PM
 #163

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?
The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

I do not see people moving to Bitcoin once the economy collapse.  And if ever I think fiat currency is the most efficient currency to be used.  It does not need internet to be used.  Easily accepted by the shop and store and the convenience of transacting with fiat currency had not been achieved with using Bitcoin.
I think there will come a point where using it over the internet will not be a problem. Nowadays almost everyone has a smartphone, and there are many apps that simplify things. I also think that rates for Bitcoin debit cards will decrease as competition increases among the companies that provide such services.
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March 06, 2017, 01:53:08 AM
 #164

its purly impossible and it that ever happens i do not think the market will alive at that rate. that will be possible at the universal  height not at our earths height example: try to fill 3-5 Earths With 1Dollars then you will see that much money, Anyway if bitcoin really reached that scale then we all will be the richest persons of the earth on current century
I also agree that's impossible to happen. the problem I see if  how much is needed to pay for fee if 1 satoshi is equal to $1 ? Honestly I don't want it to happen  Grin.


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andrei56
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March 06, 2017, 05:34:08 PM
 #165

thats too much to expected that amount is very big, i dont think if it will happen in the near future or on next 5 or 6 years but maybe if it will happen, it will happen at 20-30 years again and if 1 satoshi worth $1 i am sure all of bitcointalk members will be rich man and buy some lambo Cheesy
If bitcoin reached that price I think we should be more worried about buying food, water and guns, since that means the economy will be in such a terrible state that we will need to guarantee our own safety.

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March 06, 2017, 11:12:51 PM
 #166

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?
The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.
although it is not such an easy job, but still the possibilities are there and if all the people will start buying bitcoin then the supply will decrease and the price of bitcoin will increase.
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March 07, 2017, 01:36:21 AM
 #167

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?

this is what I wait if this is the case then I would be rich because I save a lot of sathosi in my wallet, I guess it sepertini 1 sathosi = 1 $ it will take a long time can be up to 10-20 years

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March 07, 2017, 01:58:37 AM
 #168

Bitcoin owner hope 1 satosi equals $1, if there is certainly bitcoin is the biggest marketcap beat USD. that will certainly be a lot of new conglomerates including me.  Grin

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March 07, 2017, 02:06:37 AM
 #169

I don't think it will happen even if after 100-1000 years . 1 satoshi is equal $1 is very impossible to happen because if you have 1 Bitcoin you have $100,000,000 and that's do big. I think the possible price that will happen its $10k but it is very difficult to reach that price because if Bitcoin reach $2000 I think many people sell their bitcoin. The price of bitcoin is $1284 as of now and many people undecided if the bitcoin in their wallet is hold or sell . So may be the price decrease and no one knows what will happen.

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ufaiz50
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March 07, 2017, 02:15:03 AM
 #170

bitcoin will be the highest peak of the currency, I think it will be many who don't support bitcoin and was too expensive for a cryptocurrency even surpassing fiat, gold, etc. sometimes if the price is too high and unreasonable will be many who leave

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March 07, 2017, 04:36:33 AM
 #171

Even though this will definitely happen,
But I don't think that the day is so near.
1 satoshi = 1$ means that,
1 Bitcoin  = 100 million dollars.
That quite a number to be reached so early,
You will have to wait at least 4- 5 decades to see this.

Talking about what will happen,
Bitcoin will definitely gain more acceptance among people.
Even local traders or small scale traders will start accepting bitcoin,
And also people like us earning bitcoins now will definitely  get Overwhelmingly rich.  Cool Grin

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March 07, 2017, 05:10:20 AM
 #172

That will not happen not in 10 to 30 years.

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March 07, 2017, 05:55:03 AM
 #173

That will not happen not in 10 to 30 years.

Agreed. Yes it unrealistic for bitcoin to reach that high. Maybe 0.01btc for $30 but 1 satoshi for $1 it's obviously impossible.







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March 07, 2017, 06:16:13 AM
 #174

This situation is unlikely, but if yes I will have $ 1000
 Grin Grin Grin
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March 07, 2017, 06:22:40 AM
 #175

Even though this will definitely happen,
But I don't think that the day is so near.
1 satoshi = 1$ means that,
1 Bitcoin  = 100 million dollars.
That quite a number to be reached so early,
You will have to wait at least 4- 5 decades to see this.

Talking about what will happen,
Bitcoin will definitely gain more acceptance among people.
Even local traders or small scale traders will start accepting bitcoin,
And also people like us earning bitcoins now will definitely  get Overwhelmingly rich.  Cool Grin
Bitcoin could really make us rich unless we are holding lots of it and tend to hold it for how many years but basing on the assumption of having $1 per satoshi is really an impossible thing to happen and if it does then it wont happen on our lifetime,it would really take full adoption and making it as a main currency for bitcoin would able to achieved this.

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March 07, 2017, 06:44:31 AM
 #176

When 1 satoshi is equivalent to 1$, bitcoinwr will make it rich because 100 million satoshi is equivalent to 1 btc so if 1 satoshi is equal to 1$ the price of bitcoin will become 100 million dollars so if you have even 1btc you will now rich then you can buy what you want like luxury items such as mansion and Lamborghini cars or products.

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March 07, 2017, 07:10:46 AM
 #177

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?
I do believed that bitcoin gains much more value than we anticipate, but not in 1 satoshi per dollar. That's is very unachievable, it's not realistic to be happen. Isn't much better to talk about or to discuss the topic which attainable and achievable so that everyone here may get more encourage to boost what bitcoin can do to others because of its very unique features and system. And I added that bitcoin core can be modified in a long run, in my own opinion it can be happen.

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March 07, 2017, 09:07:21 AM
 #178

When 1 satoshi is equivalent to 1$, bitcoinwr will make it rich because 100 million satoshi is equivalent to 1 btc so if 1 satoshi is equal to 1$ the price of bitcoin will become 100 million dollars so if you have even 1btc you will now rich then you can buy what you want like luxury items such as mansion and Lamborghini cars or products.

That's obvious -_- , but this kind of boom is unlikely, only the first adopters of btc will see this kind of growth
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March 07, 2017, 12:52:21 PM
 #179

its purly impossible and it that ever happens i do not think the market will alive at that rate. that will be possible at the universal  height not at our earths height example: try to fill 3-5 Earths With 1Dollars then you will see that much money, Anyway if bitcoin really reached that scale then we all will be the richest persons of the earth on current century
I also agree that's impossible to happen. the problem I see if  how much is needed to pay for fee if 1 satoshi is equal to $1 ? Honestly I don't want it to happen  Grin.

You are wrong since that is a possible thing that could happen to bitcoin. If mining blocksize problems will be solved and hindrances to bitcoin will be catered then bitcoin is on the journey to reach 1 dollar per 1 satoshi exchange rate. It is not impossible but a feasible idea that will come to reality about 50 to 70 years from now.

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March 07, 2017, 12:57:50 PM
 #180

its purly impossible and it that ever happens i do not think the market will alive at that rate. that will be possible at the universal  height not at our earths height example: try to fill 3-5 Earths With 1Dollars then you will see that much money, Anyway if bitcoin really reached that scale then we all will be the richest persons of the earth on current century
I also agree that's impossible to happen. the problem I see if  how much is needed to pay for fee if 1 satoshi is equal to $1 ? Honestly I don't want it to happen  Grin.

You are wrong since that is a possible thing that could happen to bitcoin. If mining blocksize problems will be solved and hindrances to bitcoin will be catered then bitcoin is on the journey to reach 1 dollar per 1 satoshi exchange rate. It is not impossible but a feasible idea that will come to reality about 50 to 70 years from now.


thats a long time to be happen but im wondering if it really happens since i think bitcoins for that time well be adopted more since i truly believe that as years passes by the E-currency will be boom and surely adoption well increase more nor maybe all people will used bitcoinfor that time, blocksize hindrance will surely nothing if demands of bitcoins will rise.

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