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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 15014 times)
bettercrypto
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March 15, 2017, 10:09:16 PM
 #261

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.

I think if 1 satoshi become $1, Satoshi will be subdivided into smaller units, and txfee being adjusted to less than 1 satoshi.  It is only a code that can be modified and change once consensus is met.  So I do not think that this will be a problem in the future once we Bitcoin reallly worth 100 million dollar a piece.

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March 16, 2017, 12:03:34 PM
 #262

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.
It is not really true because if you assume that the price reaches 10,000 USD then why would people sell their bitcoins ? When price reached from cents to thousand dollars people did not sell, then why assuming people to sell ?
Anyways 10,000 USD is a difficult but sure possibility.
Though I agree with the majority that price becoming $100000000  is almost impossible. ( 1satoshi = 1$ gets that value ).














 

 

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March 16, 2017, 01:41:39 PM
 #263

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.
It is not really true because if you assume that the price reaches 10,000 USD then why would people sell their bitcoins ? When price reached from cents to thousand dollars people did not sell, then why assuming people to sell ?
Anyways 10,000 USD is a difficult but sure possibility.
Though I agree with the majority that price becoming 100000000$  is almost impossible. ( 1satoshi = 1$ gets that value ).
Lol. How people would not sell their bitcoins if they price reaches 10,000 USD? If i were them then i will probably sell all my bitcoins because that is a profit and smart people will not waste that kind of opportunity. 10,000 USD price for bitcoin will trigger other people to sell their all coins and it will eventually dump the price to one digit or even cents, So i doubt that people will not sell their coins for a $10k price.

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March 18, 2017, 04:43:03 PM
 #264

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.
It is every bitcoiner's dream that Bitcoin should go to the moon and it is true, strange things do happen in this world, but somethings are obvious, with zero chance of ever happening and there is no need whistling for the moon. By the way, 1 satoshi does not have to equal $1, for bitcoiners to realize their hope in Bitcoin.

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March 19, 2017, 09:05:52 AM
 #265

I think the chance that this happens is very low, it is almost impossible.
Try to imagine, if the price of 1 satoshi is $ 1, the Bitcoin will cost $ 100 million. It is a terrible figure, it's too big.
Currently the price of Bitcoin is about $ 1,170, so if you have $ 1, you will have 100000 satoshi. This shows that the price of 1 satoshi is $ 1 will be very unlikely. The value of Bitcoin is growing very fast, it is very developed but it remains at a certain level.
If this happens I think there will be many people become millionaires because many people have more than 1BTC and the world economy will be able to big changes and that fact is almost impossible.
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March 19, 2017, 09:15:08 AM
 #266

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.
It is not really true because if you assume that the price reaches 10,000 USD then why would people sell their bitcoins ? When price reached from cents to thousand dollars people did not sell, then why assuming people to sell ?
Anyways 10,000 USD is a difficult but sure possibility.
Though I agree with the majority that price becoming 100000000$  is almost impossible. ( 1satoshi = 1$ gets that value ).
Lol. How people would not sell their bitcoins if they price reaches 10,000 USD? If i were them then i will probably sell all my bitcoins because that is a profit and smart people will not waste that kind of opportunity. 10,000 USD price for bitcoin will trigger other people to sell their all coins and it will eventually dump the price to one digit or even cents, So i doubt that people will not sell their coins for a $10k price.

Let's suppose everyone will start selling their coins at $10k. Yes, the price will start dropping in that case, but the process will not be endless. When the price is $5k some will stop selling, thinking "if it was $10k before it might be $10k again, so why to sell at $5k?"

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March 19, 2017, 01:09:32 PM
 #267

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 impossible. But if 1 Satoshi worth 1$, that would be awesome. But I think this will never happen. Society will be imbalance because of the price, all of us bitcoin users will be rich in a tick. And all people who's not using bitcoin will be suffered. Why ? Because of the imbalance of the money .. 1$ will is now on its lowest thing so the items or products will cost 1000 times as much as today.

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March 19, 2017, 03:49:15 PM
 #268

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.
It is not really true because if you assume that the price reaches 10,000 USD then why would people sell their bitcoins ? When price reached from cents to thousand dollars people did not sell, then why assuming people to sell ?
Anyways 10,000 USD is a difficult but sure possibility.
Though I agree with the majority that price becoming 100000000$  is almost impossible. ( 1satoshi = 1$ gets that value ).
Lol. How people would not sell their bitcoins if they price reaches 10,000 USD? If i were them then i will probably sell all my bitcoins because that is a profit and smart people will not waste that kind of opportunity. 10,000 USD price for bitcoin will trigger other people to sell their all coins and it will eventually dump the price to one digit or even cents, So i doubt that people will not sell their coins for a $10k price.
to me i think it is looking very difficult that the price of bitcoin will reach to that price but perhaps it happen then bitcoin will be more worth and i think people will not be ready to sell bitcoin even at that point.

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March 19, 2017, 04:00:34 PM
 #269

The only way I see a single satoshi being one dollar, is if we get mass adoption which probably won't be for some time.
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March 19, 2017, 04:08:54 PM
 #270

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 impossible. But if 1 Satoshi worth 1$, that would be awesome. But I think this will never happen. Society will be imbalance because of the price, all of us bitcoin users will be rich in a tick. And all people who's not using bitcoin will be suffered. Why ? Because of the imbalance of the money .. 1$ will is now on its lowest thing so the items or products will cost 1000 times as much as today.
Well, it might not happen. but, if it occurs, may all users bitcoin will become a millionaire. in fact it is very easy to get 1 satoshi at sites faucet. I think, when it happens, then the needs of the community will also increase. maybe the price of basic necessities will be expensive. it will affect everything.

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March 19, 2017, 04:21:11 PM
 #271

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?
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March 19, 2017, 04:26:18 PM
 #272

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 impossible. But if 1 Satoshi worth 1$, that would be awesome. But I think this will never happen. Society will be imbalance because of the price, all of us bitcoin users will be rich in a tick. And all people who's not using bitcoin will be suffered. Why ? Because of the imbalance of the money .. 1$ will is now on its lowest thing so the items or products will cost 1000 times as much as today.

There is no way that such thing can happen, if 1 satoshi reaches 1$ then a person can be rich with just using faucets, and if that thing happens the demand for bitcoins will go down, because if that happens it will be unfair to new users that they will only get small amout of bitcoin and the old users already got rich, for example : if the satoshi reaches 1$ price then the income from faucets and other things that can a bitcoin user gain profit with will only give them low amount of bitcoin, and it makes them feel like they are at a total disadvantage.

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March 20, 2017, 01:31:16 PM
 #273

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.
Don't worry nothing like that will actually happen because bitcoin is really strong and holding it's price solidly amd if you see there are very less short term investors most of the investors are long term so it will kind of be tough to reach 10k but it is definitely possible.

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March 20, 2017, 03:05:38 PM
 #274

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.
Don't worry nothing like that will actually happen because bitcoin is really strong and holding it's price solidly amd if you see there are very less short term investors most of the investors are long term so it will kind of be tough to reach 10k but it is definitely possible.

When prices rice $10,000 then I don't think even if everybody sells their stash for sure the prices will not plummet and it will retain a high price. It got there for a reason for sure and not just because people are manipulating the prices. Though I don't think it will reach that far. Probably something new will replace bitcoins, we wouldn't know it for sure.

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March 20, 2017, 03:10:47 PM
 #275

For a satoshi to hit $1, we might want to see everyone in the world using bitcoin. Other wise it is never going to hit that high and stay there. Right now, I can't see this happening as there will also be other altcoins, old and new ones gunning for bitcoin. Sure bitcoin will appreciate well in future. But 1$ for every satoshi is too much to take, at least for now.

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March 20, 2017, 03:15:46 PM
 #276

that can complicate the btc network just how are we going to be  spending our bitcoins ,and how much fees are we going to be paying?
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March 22, 2017, 01:37:46 PM
 #277

I think the chance that this happens is very low, it is almost impossible.
Try to imagine, if the price of 1 satoshi is $ 1, the Bitcoin will cost $ 100 million. It is a terrible figure, it's too big.
Currently the price of Bitcoin is about $ 1,170, so if you have $ 1, you will have 100000 satoshi. This shows that the price of 1 satoshi is $ 1 will be very unlikely. The value of Bitcoin is growing very fast, it is very developed but it remains at a certain level.
If this happens I think there will be many people become millionaires because many people have more than 1BTC and the world economy will be able to big changes and that fact is almost impossible.
True, it is impossible for satoshi to become same value as dollar. I can't imagine,if that happens Bitcoin will become 100 000 000 and many bitcoin users will become billionaire. I think that might not happen because its too big, anyone can be rich in a such time through faucets. And it's unfair for those people who used bitcoin for a long time, they work hard inorder to gain bitcoin.


 
 
 
 
 
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romero121
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March 22, 2017, 02:12:59 PM
 #278

I think the chance that this happens is very low, it is almost impossible.
Try to imagine, if the price of 1 satoshi is $ 1, the Bitcoin will cost $ 100 million. It is a terrible figure, it's too big.
Currently the price of Bitcoin is about $ 1,170, so if you have $ 1, you will have 100000 satoshi. This shows that the price of 1 satoshi is $ 1 will be very unlikely. The value of Bitcoin is growing very fast, it is very developed but it remains at a certain level.
If this happens I think there will be many people become millionaires because many people have more than 1BTC and the world economy will be able to big changes and that fact is almost impossible.
True, it is impossible for satoshi to become same value as dollar. I can't imagine,if that happens Bitcoin will become 100 000 000 and many bitcoin users will become billionaire. I think that might not happen because its too big, anyone can be rich in a such time through faucets. And it's unfair for those people who used bitcoin for a long time, they work hard inorder to gain bitcoin.
As mentioned bitcoin will never reach such a big value as mentioned in the above quote. If it becomes reality then being billionaire is a simple matter as well the scammers and the hackers around the digital currency network will increase making it an insecure place to hold big number of bitcoins.

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March 24, 2017, 08:30:23 PM
 #279

This is a dream come true to everyone here. Due to the high value of satoshi, everyone who's holding even a single bitcoin will become rich in an instant. But before that, is this really possible? Will the government step in in any way?


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Quietman
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March 24, 2017, 08:53:00 PM
 #280

Perhaps we need smaller units than 1 satoshi?

I agree with you. This is undeniably needed since $1 is not the smallest unit of money and satoshi, in contrast, is the smallest unit of bitcoin. So if that (Satoshi becomes equal to $1) happens, there has to be Satoshi Jr. Grin


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