how long till 1mBTC = 1USD?

[||bit]

Agreed, is it 1 Million or 1 Millionth of a BTC?

My guess? it is 1 millionth, i.e. 0.0000001

The m is "milli", which means 1 thousandths. In decimal notation: .001 BTC

1 millionth of a BTC would be written as 1 uBTC. [where u = "micro"; a millionth]

These could be used as well, just don't expect people to know what you mean:

.1 BTC = 1 dBTC  [d = 'deci'; a tenth]
.01 BTC = 1 cBTC  [c = 'centi'; a hundredth]
...
.000000001 BTC = 1 nBTC  [n = 'nano';  a billionth]
.000000000001 BTC = 1 pBTC  [p = 'pico';  a trillionth]
.000000000000001 BTC = 1 fBTC  [f = 'femto';  a quadrillionth]
.000000000000000001 BTC = 1 aBTC  [a = 'atto';  a quintillionth]
.000000000000000000001 BTC = 1 zBTC  [z = 'zepto';  a sextillionth]
.000000000000000000000001 BTC = 1 yBTC  [y = 'yocto';  a septillionth]

[mgio]

Gosh, you should have just asked "how long till 1 bitcoin is $1000" then we could avoided half the posts in this thread, lol.

[w00t]

1 mBTC = 1 milibitcoin = .0001 bitcoins

Note there are three 0s, the metric system goes in threes.  I can't believe how dumb most people are at this!

1 mBTC is about $0.13 now.  I'll change to mBTC when were half way, when ($1000 - $1)/2 = $499.

mili = 1/1000 => 0.001

1l = 1000 ml -> 1 ml = 0.001 l
1m = 1000 mm -> 1 mm =  0.001 m
1 BTC = 1000 mBTC -> 1 mBTC = 0.001 BTC

finally something sane

Anyway I think we will come to the equation of 1 USD = 1mBTC (ie. 1/1000 of BTC) no later than 22nd August 2023. We might get there sooner but the longterm wall I guess is set for 22nd August.

[Odalv]

Anyway I think we will come to the equation of 1 USD = 1mBTC (ie. 1/1000 of BTC) no later than 22nd August 2023. We might get there sooner but the longterm wall I guess is set for 22nd August.

I have only 3 bets.
a) less than 2 months (30%)
b) less than 2 years (69,999999999999999999999999999999999999999999%)
c) never (0,0000000000000000000000000000000000000000000000001)

[teukon]

I think we will reach 1 mBTC = 1 USD and that we'll reach it for the first time in 2015.  I expect we'll be trading at between 50 and 80 USD/BTC at the end of the year.  This is all based on a long-term, support line I perceive in long-term log("market cap") charts such as:
https://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

Sorry for the earlier troll post: I saw fun and wanted to partake.

Incidentally, I consider 1 BTC = sqrt(1000) USD = 31.6 USD (3.s.f) to be the mid-point between BTC-USD parity and mBTC-USD parity.

These days I give all my prices in mBTC (giving the BTC equivalent in parentheses for those unfamiliar with the notation).

[jbord39]

1 mBTC = 1 milibitcoin = .0001 bitcoins

Note there are three 0s, the metric system goes in threes.  I can't believe how dumb most people are at this!

Put 1/1000 in a calculator and see how dumb you are.  But as an engineer I can guarantee you that it is not .0001.  Hint: it is .001.

[Geist]

Clearly this terminology won't work.

People who use the metric system don't have any problems. 1 millimeter = .001 meters.

Apparently you have problems with the metric system then, according to your earlier post in this topic.

It's 1 thousandth of a bitcoin or .0001 bitcoins.

You're right it is 1 thousandth however .0001 is not 1 thousandth but 1 ten-thousandth.

  It was a typo. Fixed it.

[Tirapon]

1 mBTC = 1 milibitcoin = .0001 bitcoins

Note there are three 0s, the metric system goes in threes.  I can't believe how dumb most people are at this!

I really hope you were just trolling...

[teukon]

Sorry for the earlier troll post: I saw fun and wanted to partake.

I really hope you were just trolling...

That I was.  Alas, my novice attempt contrasts sharply with the 4chan-quality troll posts above.

[Its About Sharing]

When mBTC (.001) = $1 then the SH*T is going to hit the fan. Can you guys imagine that? But, it is just a 10 billion dollar market cap, really not much. Call me when we hit 1 trillion... (Can someone do the math on that one...?)

If the banking crisis continue, and it looks like it will, it can happen this year. Understand, once we start going up there in price (say over the previous high or there abouts), the moves will be violent. 10%-20% moves in a day until we reach some type of consensus price are to be expected. And who knows when that will be considering the state of things.

I think we have no choice but to go to mBTC. As many have mentioned there is a psychological barrier to entry when "stocks" go above a certain price (which is why they split, at least in part) and with bitcoin we have the decimal places and following naming convention to take care of that. When you only have 11 million current outstanding shares, oh boy...

It's all about sharing

[600watt]

When mBTC (.001) = $1 then the SH*T is going to hit the fan. Can you guys imagine that? But, it is just a 10 billion dollar market cap, really not much. Call me when we hit 1 trillion... (Can someone do the math on that one...?)

If the banking crisis continue, and it looks like it will, it can happen this year. Understand, once we start going up there in price (say over the previous high or there abouts), the moves will be violent. 10%-20% moves in a day until we reach some type of consensus price are to be expected. And who knows when that will be considering the state of things.

I think we have no choice but to go to mBTC. As many have mentioned there is a psychological barrier to entry when "stocks" go above a certain price (which is why they split, at least in part) and with bitcoin we have the decimal places and following naming convention to take care of that. When you only have 11 million current outstanding shares, oh boy...

It's all about sharing

mbtc is the only way to go. in the mainstream press i read it all the time: "bitcoin is not usable as worldwide currency because there will simply be not enough of them circulating. only 21 mio..."

we need to start talking mbtc. it is essential for bitcoin to succeed. 

[nobbynobbynoob]

mbtc is the only way to go. in the mainstream press i read it all the time: "bitcoin is not usable as worldwide currency because there will simply be not enough of them circulating. only 21 mio..."

we need to start talking mbtc. it is essential for bitcoin to succeed.  

This. I will "encourage" its use once we settle above 250 USD/BTC, IOW when 1 mBTC looks like a human-scale unit of value. One US quarter is perhaps the very bottom end of that, but of course this is only a matter of opinion and perception. I switch my Bitcoin-Qt to show mBTC when the price breaks $250 (and switch it back if the price then crashes below $150 - LOL).

I guess that by the same logic as above, 250k USD/BTC is time to switch to µBTC.

[smurf2094]

1 mBTC = 0.001 BTC

1 mBTC per $1 = 1 BTC per $1000

So when will 1 bitcoin equal 1000 usd? Probly a while...

[nobbynobbynoob]

1 mBTC per $1 = 1 BTC per $1000

So when will 1 bitcoin equal 1000 usd? Probly a while...

I give it 18 months, but then I'm a bullish optimist. We could also be trading at zero by then...

[BitSlut69]

Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?

I agree, the metric system is way too confusing. Lets use degrees instead of feet though. We can then split a bitcoin into 360 separate units called degree bitcoins, or dBTC. Then dBTC can each be split into 60 minutes per degree and 60 seconds per minute.

That is way easier than this metric system fad.

[Peter Lambert]

how long till 1mBTC = 1USD?

also what will you think of fees then?

WTF is a mBTC ?

Terms like this lead to endless confusion.

Some of us have been using the term mBTC since 2011. I now prefer to abbreviate it as mB since that is more compact.

My guess is that the price of a dollar will drop to 1 mB at some point in the second half of this year before rising back to at least 2 mB.

The dollar is currently trading at about 7.2 mB.

[Birdy]

Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?

I agree, the metric system is way too confusing. Lets use degrees instead of feet though. We can then split a bitcoin into 360 separate units called degree bitcoins, or dBTC. Then dBTC can each be split into 60 minutes per degree and 60 seconds per minute.

That is way easier than this metric system fad.

That's ridiculous. Clearly Bitcoins are made out of bits&bytes and therefore should be scaled in steps with base 2.
And because some people don't like that, we will use both. Normal metric and base 2 at the same time.
So that 1 Bitcoin = 1000mB, but also = 1024 mB.

[BitSmile]

Some of us have been using the term mBTC since 2011. I now prefer to abbreviate it as mB since that is more compact.

My guess is that the price of a dollar will drop to 1 mB at some point in the second half of this year before rising back to at least 2 mB.

The dollar is currently trading at about 7.2 mB.

^^^
This way we don't sound so bullish 

[Peter Lambert]

Some of us have been using the term mBTC since 2011. I now prefer to abbreviate it as mB since that is more compact.

My guess is that the price of a dollar will drop to 1 mB at some point in the second half of this year before rising back to at least 2 mB.

The dollar is currently trading at about 7.2 mB.

^^^
This way we don't sound so bullish 

Hey, I am not a bull, I am just a dollar bear.

[johnblaze]

Gosh, you should have just asked "how long till 1 bitcoin is $1000" then we could avoided half the posts in this thread, lol.

i guess it forces people to learn 3rd grade math all over