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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 16784 times)
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March 07, 2017, 03:40:55 PM
 #181

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?

Will be too expensive thing and no one will use bitcoin. Meanwhile there are cheap blockchains.

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March 07, 2017, 03:48:49 PM
 #182

Probably might not happen.. but if it happens might take over 100 years or another 2 world war..
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March 07, 2017, 03:58:19 PM
 #183

This is impossible, and if so, I will become rich.


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March 07, 2017, 04:43:09 PM
 #184

This is impossible, and if so, I will become rich.

No. If 1 satishi = $1 then $1 is worth nothing. Think of 1 satoshi as 1 zimbabwe dollar. NOTHING!!!!  Grin Grin Sad
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March 07, 2017, 05:11:18 PM
 #185

This is impossible, and if so, I will become rich.

No. If 1 satishi = $1 then $1 is worth nothing. Think of 1 satoshi as 1 zimbabwe dollar. NOTHING!!!!  Grin Grin Sad

Lol, why you are comparing with bitcoin with Zimbabwe dollar. As satoshi nakamota speculates bitcoin will reach 10000$ in the year of 2025. Therefore, you just hold the bitcoin as much you can in your wallet. Then in future it may triple the value from now. till now I have 0.723 btc in my desktop wallet and I am planning hold more btc from campaign earning. hope i ll do it for long term:)

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March 07, 2017, 10:43:26 PM
 #186

Don't think 1 satoshi will ever be worth $1 man. Bitcoin will go up indeed but not like that. I don't even think it will ever reach $10k, but only the future will say

10k is very reachable if bitcoin grows for 1% per month for the next 20 years then bitcoin will reach a price close to 12k since the rate of growth of bitcoin is about 6% per month then that target is more than achievable in our lifetimes.



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March 08, 2017, 01:14:33 AM
 #187

Probably might not happen.. but if it happens might take over 100 years or another 2 world war..
of course, will never happen. Imagine how easy it is to earn $ 1 when 1 satoshi worth $ 1. I thought this would never happen. despite the war going on though dollar was the strongest currency so it is unlikely the dollar will be worth very cheap

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March 08, 2017, 02:20:23 AM
 #188

more digits will be added.
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March 08, 2017, 03:29:06 AM
 #189

I think this is impossible, although until there takes a long time for this to happen maybe 100 Years isn't enough to make this happen, and when this happens will more people become billionaire on this earth and also the existing members in this forum will come to be rich  Smiley
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March 08, 2017, 05:34:15 AM
 #190

if 1 satoshi is 1$ , i just save 1billion satoshi and exchange it  Grin

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March 08, 2017, 06:10:42 AM
 #191

If 1 satoshi becomes $1 then unicorns would be roaming on the road Grin, bitcoin has seen a tremendous growth in the last year or so, but still every currency be it centralized or decentralized has a limitation, too many factors influence it, recently demonetization in India paved the way for new bitcoin adopters, previously Greece crisis brought global attention to bitcoin, but a scenario like 1 satoshi = $1 would only happen when physical money is dead and everyone starts using bitcoin, illogical. The best we can hope is bitcoin reaches closer to $2000 mark by the end of this year.

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March 08, 2017, 01:58:53 PM
 #192

Well I think that it is really hard to get the Bitcoin price that high,
I mean if that ever happens 1 Bitcoin would be worth $100,000,000 it seems pretty impossible,
But I also want it to happen.

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March 08, 2017, 02:04:07 PM
 #193

Well I think that it is really hard to get the Bitcoin price that high,
I mean if that ever happens 1 Bitcoin would be worth $100,000,000 it seems pretty impossible,
But I also want it to happen.

That is a wish which is impossible to be granted.
USD will have not much value if that happens. Then we will be pricing our bitcoin in a different currency.
America wont let that happen, they will use their power to bring back their currency to the top. Maybe they wont even legalize bitcoin in their country or maybe ban it forever if they see just a little bit of a hole that it might happen.

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March 08, 2017, 02:58:49 PM
 #194

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 dont think if it will be happen, but when it does I think many people will be interested on it, they will not apply for work they will quit their jobs, instead they will open their laptops and mine and mine and mine because they will get a lot of money thru bitcoins more than and very higher to the salary that they got in their jobs.

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March 08, 2017, 03:14:03 PM
 #195

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 dont think if it will be happen, but when it does I think many people will be interested on it, they will not apply for work they will quit their jobs, instead they will open their laptops and mine and mine and mine because they will get a lot of money thru bitcoins more than and very higher to the salary that they got in their jobs.
such price increases may make people try to get bitcoin again. in fact, they are willing to come out of the jobs they have only to look for bitcoin. 1 satoshi very easy to get, so do not be surprised if it happens.


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March 08, 2017, 03:33:13 PM
 #196

i dont really think 1 satoshi gonna be $1, satoshi is easy to get from the faucet.
so if the thing really happen, every faucet gonna down or scam the user right away also every currency in the world gonna down in a sec
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March 09, 2017, 03:52:27 PM
 #197

This is impossible, and if so, I will become rich.

No. If 1 satishi = $1 then $1 is worth nothing. Think of 1 satoshi as 1 zimbabwe dollar. NOTHING!!!!  Grin Grin Sad
Zimbabwe's dollars got valueless because of hyperinflation but in bitcoin that cannot happen because there is a 21 million cap and the halving does the rest, so unless the devs modify the code and the ones running nodes accept it then that fate is never going to happen to bitcoin.



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March 09, 2017, 03:57:48 PM
 #198

satoshi nakamota speculates bitcoin will reach 10000$ in the year of 2025.
Is this true ? But I believe bitcoin is going to reach this price level very well in advance like this year or next year will be more than enough time for bitcoin to reach there. When mass adoption is happening, I believe no one can predict how for bitcoin prices will be going. So, no wonder if this speculation goes wrong with lesser time span. I believe everyone will be loving that to happen.

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March 09, 2017, 04:09:12 PM
 #199

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?

Will be too expensive thing and no one will use bitcoin. Meanwhile there are cheap blockchains.
If the prices are high like that, there will be a lot of people interested in investing their money in Bitcoin. If poor people can not buy Bitcoin, rich people will use Bitcoin as same as gold. People will not stop using Bitcoin dude. It is so strong and so potential. There are many things inside which are not yet been discovered.

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March 09, 2017, 04:11:50 PM
 #200

satoshi nakamota speculates bitcoin will reach 10000$ in the year of 2025.
Is this true ? But I believe bitcoin is going to reach this price level very well in advance like this year or next year will be more than enough time for bitcoin to reach there. When mass adoption is happening, I believe no one can predict how for bitcoin prices will be going. So, no wonder if this speculation goes wrong with lesser time span. I believe everyone will be loving that to happen.

When did satoshi said that?


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