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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 16137 times)
LibreMan
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April 02, 2017, 09:36:47 PM
 #281

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.

It does not make any sense to me that such a thing happens. For example, when a bitcoin is $ 10,000 many people will sell their btcs. Nobody expects to be $ 100,000,000. Already the price increase will be small in time. Nobody keeps the bitcoins in his hand for so long.

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Salazarian
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April 02, 2017, 11:51:34 PM
 #282

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.

It does not make any sense to me that such a thing happens. For example, when a bitcoin is $ 10,000 many people will sell their btcs. Nobody expects to be $ 100,000,000. Already the price increase will be small in time. Nobody keeps the bitcoins in his hand for so long.
yes bitcoin is becoming more and more stronger from time to time therefore it cannot happen.

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April 03, 2017, 01:19:19 AM
 #283

If 1 satoshi is equal to 1$ then 1 bitcoin would cost $100m that time if my calculations is correct. If that would happen then all of us would be really rich and will be living a wealthy life. Our whole life will be secured and even our future generations.
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April 03, 2017, 07:21:30 AM
 #284

That I have many money, because I have a 0.003 BTC
 Grin Grin Grin

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April 04, 2017, 07:12:44 PM
 #285

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?
How I wish that things to be happen in reality. Cheesy
Perhaps, all bitcoin community who have a satoshi to their own bitcoin storage wallet will instantly become a millionaire.

                                 
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April 04, 2017, 07:47:37 PM
 #286

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?
if that will happen in the future
you will start to think if you will send bitcoin or not because of its fee

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April 04, 2017, 08:08:10 PM
 #287

1. That would be awesome, but it is not going to happen. It would take a long time to get there, but the price does not only go up.
2. I do not know if it is possible, but I guess it could be modified in some way. But I guess the answer does not matter, since it wont happen.

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April 04, 2017, 08:54:56 PM
 #288

dont think 1 satoshi will ever be worth 1 USD too much bitcoin not enough USD to make that happen.

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April 05, 2017, 12:35:40 AM
 #289

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
if bitcoin worth that high of course we will need a smaller unit than 1 satoshi. for under 1 dollar is also still there? but is it possible to happen?

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April 05, 2017, 12:47:57 AM
 #290

At the moment is getting more easy to 1 bitcoin reach again the 1 dollars value, with soo many attempts to try to change the coin that has been created and since those hadnt been changed, now the core looks like dont know what is best to bitcoin anymore, and their solution will make price crash, how long people will keep their investement at bitcoin?


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April 05, 2017, 01:23:04 AM
 #291

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?
In my opinion it will not happens .
Because about  100000 satoshi is equal to 1$ then you can think that if it will happen only when the price of bitcoin increase about one lakh time the current price . Which is Impossible for about 10-20 years .
But.if it would be then surely we will restricted to make transaction of minimum 10$ with 0.25satoshi fee of transaction

the thought is too good to be true for the moment. i agree with you that it is impossibe too, to even achieve that 1 sats will be equal to 1 dollar. it takes a lot of time for bitcoin to come to that point. time, efforts, developments perhaps.

and if that happens, im sure fees will increase too. as the price of bitcoin increases, the fees increases as well.



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April 05, 2017, 02:26:06 AM
 #292

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
Lol I thought it just laughing. you know to get 1 satoshi it is a very easy thing. and if one satoshi = 1 dollar. what will happen to the world after that?
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April 05, 2017, 03:42:09 PM
 #293

if 1 satoshi is 1$ , i just save 1billion satoshi and exchange it  Grin
it is estimate with 10 Bitcoin. Have you had enough money to buy 10 Bitcoin yet? I doubt that you can buy 10 Bitcoin at the moment since I will cost you at least $11000. Keep dreaming boy, nobody tax your dream. You can become a billionaire if you hold your Bitcoin for the next 10 years

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iram3130
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April 05, 2017, 03:51:49 PM
 #294

if 1 satoshi is 1$ , i just save 1billion satoshi and exchange it  Grin
it is estimate with 10 Bitcoin. Have you had enough money to buy 10 Bitcoin yet? I doubt that you can buy 10 Bitcoin at the moment since I will cost you at least $11000. Keep dreaming boy, nobody tax your dream. You can become a billionaire if you hold your Bitcoin for the next 10 years

A part of me is telling that it is actually possible in the future, may be 10-15 years but it is a possibility.
And holding Bitcoin is no new thing now, there are people whom I personally know who are holding their bitcoins from the start and that still are holding.

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n2004al
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April 05, 2017, 04:14:29 PM
 #295

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?

Very easy thing. First the time when 1 satoshi will be 1 us dollar is very loin and so bitcoin have the time to "think" about this. But even if would be near it will be enough to divide the satoshi in the same way like bitcoin (so with 8 mini division part) and everything is made.
Machine Funk
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April 06, 2017, 01:17:24 AM
 #296

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?

If thst happens then what will you do if you need to pay half a dollar ?
You need decimals.

aardvark15
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April 06, 2017, 02:41:26 AM
 #297

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?

If thst happens then what will you do if you need to pay half a dollar ?
You need decimals.

This could only happen if so many Bitcoins were lost, that there weren't many left. Many have already been lost as people forget their private keys, so over time, more and more Bitcoins will get lost and will never be recovered.

Pearls Before Swine
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April 06, 2017, 02:45:21 AM
 #298

That would be frigging lovely, but if 1 satoshi ever was worth $1, the world would probably not be functional.   At least the US dollar wouldn't be.   What would I do?  Buy land, buy a house, buy some toys.  That'd be straight up like winning powerball.
GreenBits
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April 06, 2017, 02:50:23 AM
 #299

If 1 satoshi is equal to 1$ then 1 bitcoin would cost $100m that time if my calculations is correct. If that would happen then all of us would be really rich and will be living a wealthy life. Our whole life will be secured and even our future generations.

I'm more concerned about what the fee would be on a standard bitcoin transaction, if it gets to this price. It would be cheaper to hand deliver the cash to a person in most cases, I would think, rather than pay the multiple thousand dollar transaction fee should the fees scale along with that price increase.


Hell, you can mail em gold at that point, LOL.

Sled
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April 06, 2017, 03:58:50 AM
 #300

That would be frigging lovely, but if 1 satoshi ever was worth $1, the world would probably not be functional.   At least the US dollar wouldn't be.   What would I do?  Buy land, buy a house, buy some toys.  That'd be straight up like winning powerball.
Yes if the satoshi is $1 we can literally buy anything we want because just imagine if we have at least 50,000 satoshi then it will cost about $50,000 and that is a very huge amount and we can buy different things we that and much more if you have a lot of bitcoins in your wallet and that is more even worth than winning a lottery jackpot.

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