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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 14984 times)
erickkyut
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April 06, 2017, 04:24:44 AM
 #301

1 satoshi is equal to 1$ in the future? Wow! I can be a millionaire if ever that will happen. Every bitcoin users will be happy if that happens. Bitcoin will be very popular for sure. Many invetors will be more interested on it.

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April 06, 2017, 04:35:24 AM
 #302

then 1 bitcoin would be worth like 100000000(100M dollars each) and the market cap would be astronomical

would never happen of course



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April 06, 2017, 06:06:26 AM
 #303

then 1 bitcoin would be worth like 100000000(100M dollars each) and the market cap would be astronomical

would never happen of course


That would certainly gonna make us billionaire, I'm holding bitcoins and I'm waiting for that time but how would I enjoy my profit
when I need to wait forever, I mean the value will rise but not that high IMO. I would not say it's impossible but when investing we need to be realistic.

 
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April 06, 2017, 06:21:42 AM
 #304

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 $50,000 and that is a very huge amount and we can buy different things we that and much more if you have a lot of bitcoins in your wallet and that is more even worth than winning a lottery jackpot.
exactly but nobody expect that it will became like this before no one expected too that btc will rise up to 1k$, even its just an speculation what if things happen too? wow i maybe a rich man because i already have .01 btc inside my wallet and plan to hold it for the longest time.

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April 06, 2017, 06:26:59 AM
 #305

That will certainly be a lot of people get rich (including me), but we have to be realistic that 1 satosi = $1 will probably not occur until 10 years again, better is we collect bitcoin and hold for get the profit.
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April 06, 2017, 06:44:51 AM
 #306

This question has been asked many times, but usually in the form of "what happens if we need a subunit of BTC smaller than a satoshi?".

And the answers, condensed:
1. It is a possible scenario in event of universal adoption.
2. Would require overhaul and hardfork.
3. LN suggests support for probabilistic sub-satoshi payments. From the bitcoin wiki:

Sub-satoshi payments: payments can be made conditional upon the outcome of a random event, allowing probabilistic payments.[3] For example, Alice can pay Bob 0.1 satoshi by creating a 1-satoshi payment with 10-to-1 odds so that 90% of the time she does this she pays him 0 satoshis and 10% of the time she pays him 1 satoshi for an average payment of 0.1 satoshis.

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April 06, 2017, 07:11:30 AM
 #307

That will certainly be a lot of people get rich (including me), but we have to be realistic that 1 satosi = $1 will probably not occur until 10 years again, better is we collect bitcoin and hold for get the profit.
It might happen, we cannot completely deny that it won't take place. If the entire population accepts bitcoin the capital requirement cannot be fulfilled with the same price tag as it has got limitations in the coin mining. So to fulfill the needs the value needs to be raised, if such scenario happens 1Satoshi  might get a value equal to a $.



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April 06, 2017, 07:29:18 AM
 #308

That would mean 1 bitcoin is $100 milllion.

For one, I'd be a billionaire.    
I don't think it's going to happen. 1 satoshi = 1 cent may be possible, but 1 dollar is so much harder. There just isn't enough money in the world.     

But i'd be happy if it would.
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April 06, 2017, 07:51:43 AM
 #309

Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply

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April 06, 2017, 07:57:46 AM
 #310

Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply
There's no guarantee that you'll be keeping your whole bitcoin and save it in the future, and, one more important thing if the transaction fee still stay the same which is average 0.0001 - 0.0005 even if the rate of bitcoin is that high, it'll surely will kill the existence of bitcoin itself by the time due to too costly fee per transaction

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April 06, 2017, 08:47:13 AM
 #311

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?
For now, I think bitcoin is just know, buy, sell,or spend by who are in the community. Bitcoin is not use by general public, and when it's going to be general payment, 1 sathosi that worth to 1 dollar bring through.
And about the core modify, there will be the technology development in bitcoin to adapting more massive users.

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Vivace92
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April 06, 2017, 08:50:47 AM
 #312

Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply
Yes agree, if this is real, it certainly has made me stop working and be able to travel the world. every weekend I will watch directly BPL and the UFC. Each month I can replace my old car with the latest sports car, but I sure this is just a dream ... Huh
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April 06, 2017, 09:01:16 AM
 #313

That would mean 1 bitcoin is $100 milllion.

For one, I'd be a billionaire.    
I don't think it's going to happen. 1 satoshi = 1 cent may be possible, but 1 dollar is so much harder. There just isn't enough money in the world.     

But i'd be happy if it would.
i do will says it is impossible but i would not denied if this is happening someday because only for 10k satoshi you could buy new cars however i think this is too much and basically we expect impossible thing in cryptocurrency

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April 06, 2017, 09:17:31 AM
 #314

So greaat, because at this times i had $1000 with my BTC at the monent
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April 07, 2017, 03:02:54 AM
 #315

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.
I don't think until all bitcoins supply is over there would be anything that would replace bitcoin. Maybe from what i think when the bitcoin reaches 21 million the price will be at it's highest and maybe after a year most people will start selling their bitcoins and ya this will be the time they will invest in another coin which i think will be eth


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April 07, 2017, 03:11:09 AM
 #316

Inflation will happen at some point, but man that would have to be inflation like we haven't seen in awhile. In recent history it's been very hard to crash the value of the dollar.
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April 07, 2017, 03:14:45 AM
 #317

That's nice if it happens but i think it wouldn't happen anytime soon
But will get there eventually.
If more and more countries starts to accept and adopt bitcoin as a payment method or as their primary currency then we might reach that 1 dollar = 1 satoshi.

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April 07, 2017, 03:22:23 AM
 #318

Knowing that 1 satoshi will be eaual to $1 I think I will be really hardworking starting today to earn bitcoin. That is a really great investment for me and it will be a really big profit for me. I invested most of my money here in bitcoin because I think, bitcoin is the future of the digital currencies.

And I think there will be more digits will be added to bitcoins when this happen, maybe a milli satoshi? a micro satoshi? We still dont know but the thing we all know, is that bitcoin has it's future in these world.



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April 07, 2017, 04:14:59 AM
 #319

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.
I don't think until all bitcoins supply is over there would be anything that would replace bitcoin. Maybe from what i think when the bitcoin reaches 21 million the price will be at it's highest and maybe after a year most people will start selling their bitcoins and ya this will be the time they will invest in another coin which i think will be eth
no of course , there is no reason why people have to leave and sell their bitcoin even when it's reached the highest price . look at gold , people still use it as they need it , bitcoin would be like that too , when people start acquiring bitcoin , they would know how precious it is and how they need it , the bitcoin would keep circulating , but noone know about the future however, we just make a wild speculation here.

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April 07, 2017, 04:51:49 AM
 #320

Such a scenario is very difficult to imagine, even theoretically. 1 Sat = $1 means that the BTC will be worth $100 million per coin. The total market cap will be 20 million x 100 million USD, which is equal to $2,000 trillion, which in turn is eight times the total global wealth right now.

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