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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 15000 times)
boyptc
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March 14, 2017, 07:56:49 AM
 #241

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here  and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.
But do you really think it will happen? Kindly see my posts above.

Best Regards,

My opinion on this is divided, it can happen or it may not happen. I don't think that this will happen for now and for the next years. But it can possible to happen but that needs a longer time and there's no certain day when it will happen.

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March 14, 2017, 08:58:28 AM
 #242

For a satoshi to go $1, even in our dreams, we need to assume Bitcoins to be reaching more than a billion dollar a piece.
Do you really think that would be possible ever? No arrangements are ever needed because even speculators can't speculate a bitcoin's price to ever be reaching even a million dollars, and you are talking about a billion here?

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March 14, 2017, 09:15:54 AM
 #243

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.

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March 14, 2017, 10:03:59 AM
 #244

Oooh, good question!

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!

The second question I cannot answer, but I'm sure some other bloke here can!
Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.
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March 14, 2017, 12:02:59 PM
 #245

Oooh, good question!

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!

The second question I cannot answer, but I'm sure some other bloke here can!
Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.
As quoted we the users now will become millionaires but in reality we won't get such an increased price. A single satoshi if gets a value equal to a dollar then easily the popularity increase. Along With the increasing popularity harms too gets increased.

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March 14, 2017, 12:56:34 PM
 #246

Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.
I like it man. There is nothing wrong in dreaming, I imagine my bright future ahead because of bitcoin, 1 satoshi is 1 dollar, wow!
Well, as we are saying, no one can predict the actual price of BTC for a day, a year and etc and no one can manipulate its price.

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March 14, 2017, 01:08:48 PM
 #247

If 1 satoshi is 1$ all person have bitcoin they are all happy because everyone's waiting that time.  If that happen i think i sell all my bitcoin to cash it out. And everyone deserves to be happy in that way because we are patiently waiting for that price.

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March 14, 2017, 01:10:07 PM
 #248

I wonder how high the transaction cost for sending 500 satoshi will be then.  Roll Eyes


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March 14, 2017, 01:14:53 PM
 #249

wow, i think this will happen after 30 years. it is possible
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March 14, 2017, 01:59:22 PM
 #250

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 a good example of what wild goose chase is! Increase in value does not spring up from thin air, so what qualities of Bitcoin is going to drive the price to that astronomical rate? If that happens, do you realize most fiats would be long dead or totally at the mercy of Bitcoin. Not to talk of the governments looking the other way, while something they dubbed a tool for criminals becoming so valuable - wake up from your day dream!

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March 14, 2017, 02:38:51 PM
 #251

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?
Then the average transaction fee will kill us all as I assume if the transaction fees remains the same then it will become $25k per transaction.
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March 14, 2017, 08:55:58 PM
 #252

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.
although it is looking impossible but i think anything can happen in this world. i think if it reach to that point so the bitcoin holder will be millionaire then.



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March 14, 2017, 09:30:10 PM
 #253

This kind of thinking is probably over it is more like imagination. $1 per one satoshi is just like fantasy because that cannot happen. We have millions of bitcoin and $1 for every 1 satoshi is very impossible because that means that we have $100M in one bitcoin Roll Eyes. I fully doubt that this kind of thinking will reach even near to the target price, 1 satoshi = 1 dollar is so too good to be true. If ever it happens it will just stay for milliseconds because that is a huge price point for bitcoin and all of us will be panicking in selling our stocks.

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March 14, 2017, 09:56:49 PM
 #254

I ever 1 satoshi equal $1, damn I'll be filthy rich with just 1 Bitcoin!  And I do guess that satoshi will be broken down to a smaller unit to accomodate smaller transaction.  It will never impossible to do that because Bitcoin is just a code that can be modified everytime a concensus is created.

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March 15, 2017, 01:28:06 AM
 #255

For a satoshi to go $1, even in our dreams, we need to assume Bitcoins to be reaching more than a billion dollar a piece.
Do you really think that would be possible ever? No arrangements are ever needed because even speculators can't speculate a bitcoin's price to ever be reaching even a million dollars, and you are talking about a billion here?
Yes and it's much more impossible because if this value is to be reached, then the total worth of bitcoins 21 million bitcoins would be unimaginable and hence it would be like dreaming impossible.

I was wondering how people think like that and actually are these threads even to get a genuine interest or just to provide more space for spammers ? Anyways reaching $10000 is possible but billion is impossible.


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March 15, 2017, 12:34:56 PM
 #256

Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.
I like it man. There is nothing wrong in dreaming, I imagine my bright future ahead because of bitcoin, 1 satoshi is 1 dollar, wow!
Well, as we are saying, no one can predict the actual price of BTC for a day, a year and etc and no one can manipulate its price.
Actually yes and it can really happen too. Guys see this please - https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
Here you can see that price at one time was not even complete 1 cent ( 0.01 dollars ) and today it's more than ONE thousand dollars, which means 0.1 million times and hence what stops from bitcoin repeating that pattern again ?

I mean multiplying again to such a big value from where it stands now. And 1 million times of $1000 is 109

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March 15, 2017, 12:57:39 PM
 #257

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.
It's indeed most bitcoin users' dream to have one bitcoin worth $100,000 and become millionaires in just second. But yeah, this sounds totally day-dreaming, though I can't tell anything about the far-distant future but one thing for sure that bitcoin won't reach that high in just short time. It may but when it happens, we would have all gone to heaven.


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Dudeperfect
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March 15, 2017, 01:05:34 PM
 #258

I ever 1 satoshi equal $1, damn I'll be filthy rich with just 1 Bitcoin!  And I do guess that satoshi will be broken down to a smaller unit to accomodate smaller transaction.  It will never impossible to do that because Bitcoin is just a code that can be modified everytime a concensus is created.

Exactly but I think it is a purely theoretical case and might not happen in practical application. It will need too much market capital for satoshi to reach $1. I don't see any such possibility anytime in near future.

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March 15, 2017, 02:33:36 PM
 #259

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.
Yes it's true that the worth of one satoshi becoming equivalent to one dollar is almost impossible.
And if this actually happens it would lead to some serious problems, among the biggest one that comes to my mind is what would be the transaction fees ? Because no one would like to pay even 1 dollar per transaction and less than a satoshi can't be the fees.

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21kevin21
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March 15, 2017, 09:36:31 PM
 #260

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.
Yes it's true that the worth of one satoshi becoming equivalent to one dollar is almost impossible.
And if this actually happens it would lead to some serious problems, among the biggest one that comes to my mind is what would be the transaction fees ? Because no one would like to pay even 1 dollar per transaction and less than a satoshi can't be the fees.
What we want and what can really be, very different things. We say only that we would not want to see this, but it's not a fact that it will not happen. What arguments that 1 Satoshi can not cost in the future $ 1. It's quite real. But it is not profitable.
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