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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5104 times)
Bittoshi
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August 24, 2017, 09:09:36 AM
 #1

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?
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August 24, 2017, 09:13:38 AM
 #2

If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.
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August 24, 2017, 09:29:25 AM
 #3

The price of BTC must rise about 25x from the current price to achieve 1sat = $1, dollar will massively devalue or economic collapse. I guess this is possible within 10-15 years. HODL!!!

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August 24, 2017, 09:41:13 AM
 #4

I think a Satoshi being worth $1 is ridiculous. 1 BTC would be worth 100 million dollars! That is pure wishful thinking and isn't practical. Someone with 2,000 BTC would be way richer than Bill Gates is right now.

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August 24, 2017, 09:48:33 AM
 #5


If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

This is absolutely wrong, faucets were always a bad method of earning, even at the times when you could get whole bitcoins from them. It's always better to spend your time earning fiat and buying crypto with it - for example, you could have spent whole day farming faucets in 2010 to earn some 10 or 20 BTC, or you could have worked for fiat and earn some money to buy hundreds of bitcoins. Even if you are desperate and can't find any job, you'd better spend your time studying and learning some new skills, to be able to work in the future.

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August 24, 2017, 09:54:52 AM
 #6

This may happen due to demand. But, it may take some time ( Alot of time upto 10-15 years)  and the reputation of Bitcoin.

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August 24, 2017, 09:55:28 AM
 #7


If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

This is absolutely wrong, faucets were always a bad method of earning, even at the times when you could get whole bitcoins from them. It's always better to spend your time earning fiat and buying crypto with it - for example, you could have spent whole day farming faucets in 2010 to earn some 10 or 20 BTC, or you could have worked for fiat and earn some money to buy hundreds of bitcoins. Even if you are desperate and can't find any job, you'd better spend your time studying and learning some new skills, to be able to work in the future.

I have to agree faucets are really just a waste of time, it can't make you richer even though you wait for 10-20 years for the value to rise. If you will spend your time reading and acquiring new skills then you can get way better money than spending your time staring at the computer and waiting for the faucet to give you a reward.

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August 24, 2017, 10:06:50 AM
 #8

it had been achieved in Zimbabuwei many years ago😃

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August 24, 2017, 10:07:19 AM
 #9

The price of BTC must rise about 25x from the current price to achieve 1sat = $1, dollar will massively devalue or economic collapse. I guess this is possible within 10-15 years. HODL!!!

I think you are off by a few decimal places there...1 BTC = 100000000 (100 million) satoshi, so to have 1 satoshi equal 1 dollar we would need the price of bitcoin to rise to $4000 x 25000 = $100000000 (100 million dollars). So it would be 25000x the current price, not 25x.

But if we could just get to the point where 1 satoshi was equal to one cent ($0.01) it would still be a massive increase in the bitcoin value, and many of us would be quite wealthy.
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August 24, 2017, 10:10:50 AM
 #10


If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

This is absolutely wrong, faucets were always a bad method of earning, even at the times when you could get whole bitcoins from them. It's always better to spend your time earning fiat and buying crypto with it - for example, you could have spent whole day farming faucets in 2010 to earn some 10 or 20 BTC, or you could have worked for fiat and earn some money to buy hundreds of bitcoins. Even if you are desperate and can't find any job, you'd better spend your time studying and learning some new skills, to be able to work in the future.

I have to agree faucets are really just a waste of time, it can't make you richer even though you wait for 10-20 years for the value to rise. If you will spend your time reading and acquiring new skills then you can get way better money than spending your time staring at the computer and waiting for the faucet to give you a reward.

it will probably take a lot of years to see that satoshi's can have a worth but we can not make a 1 bitcoin if it even with satoshi's, by the possibility is there that a mere satoshi can have a value of a dollar and only time can tell until we can see it, but yeah faucet is a lost of time for now but it can surely give your some satoshi to start of your bitcoin progress,


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August 24, 2017, 10:14:50 AM
 #11

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

Of course it's very different if you compare it from the old days back then and with the current one. I think it's really impossible for the price of single satoshi rise to $1. If this happen, even the faucet rate will be more smaller than before 0.001 satoshi per claim lmao. I'm sure many big things will happen if this thing happened.
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August 24, 2017, 10:19:31 AM
 #12

I think a Satoshi being worth $1 is ridiculous. 1 BTC would be worth 100 million dollars! That is pure wishful thinking and isn't practical. Someone with 2,000 BTC would be way richer than Bill Gates is right now.
This is true,its really unrealistic to think that 1 satoshi would have the value of $1 and for those who have 1 btc would really have 100 million usd which is really exagerated to think off for this thing to happen. If all people and all government would decide for bitcoin to be mainstream then it might be possible to reach that ranges but the thing wont really ever happen for sure.


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Juggy777
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August 24, 2017, 10:21:20 AM
 #13

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

Don't do facuets they are boring 50 satoshi's per hour is not going to make your money in the long run, yes no one back thought Bitcoin could rise it so high, but it did rise, facuets are dead until the Bitcoin price goes down, so best way to earn is join signature campaigns, giveaway, sell services and that's the best way to earn it. Earning satoshi's won't make you any money, it's very slow so you ought to change direction, or else you won't make money.

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August 24, 2017, 10:21:58 AM
 #14

I do think that inorder for bitcoin to survive into the future, we need to get to that level where 1 satoshi is worth substantial amount of money. That is the only way the 21 million supply can be able to serve all the billions of people in the world. Welcome to the future son  Wink

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August 24, 2017, 10:24:29 AM
 #15

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

No 1 Satoshi being $1 would be totally insane.This would mean that BTC would be worth $100million.Very unlikely if you ask me.
However 1 satoshi being worth 1 cent I could imagine in a few decades. So 1BTC being worth $1million in today's purchasing power may be possible if Bitcoin would still be the dominant coin and Blockchain where many things in future economy and industry will be related and pegged to it.

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August 24, 2017, 10:32:28 AM
 #16

The price of BTC must rise about 25x from the current price to achieve 1sat = $1, dollar will massively devalue or economic collapse. I guess this is possible within 10-15 years. HODL!!!

current price = $4100
25x current price = $102,500
1 satoshi at that price = $0.001
sorry we need more rise for that to happen Wink

and it doesn't really "devalue dollar" or cause an "economical collapse". there has been many other things in the history that grew that much and that big and none of them caused any of these things!


 
 
 
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Bitcoin_trader2016
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BITCOIN TRADER 2016


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August 24, 2017, 10:34:49 AM
 #17

I think a Satoshi being worth $1 is ridiculous. 1 BTC would be worth 100 million dollars! That is pure wishful thinking and isn't practical. Someone with 2,000 BTC would be way richer than Bill Gates is right now.

Yes totaly agree with you i dont think so that bitcoin could reach 1 sat to 1$ just imagine bitcoin is 8 decimal so if you count it 1 bitcoin is worth 100 million x 21 million its too much moeny and it will lower the value of dollar remember that more money you produced the lower the value of this

yugyug
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August 24, 2017, 10:36:20 AM
 #18

Based on the unit scaling 1 bitcoin is equal to 100,000,000 satoshis, if 1 satoshi's value is equal to 1 USD then the price of 1 bitcoin is equal to 100,000,000 USD., wow! that's a lot of million bucks. The highest predicted price of 1 bitcoin is only 100,000 USD which equates to 2 trillion usd, which is the same market cap of forex daily trading. Beyond that predicted price range is a big threat to global economy because based on the global economic policy, there will be no other commodity greater than the market capitalisation of world forex trading which the current cap is approximately 2 trillion USD. Unless global wealth is higher than 80% between S&P ratio. In conclusion reaching the value of 1 satoshi to 1 usd is not likely to happen.

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August 24, 2017, 10:43:26 AM
 #19

I think a Satoshi being worth $1 is ridiculous. 1 BTC would be worth 100 million dollars! That is pure wishful thinking and isn't practical. Someone with 2,000 BTC would be way richer than Bill Gates is right now.

Yes totaly agree with you i dont think so that bitcoin could reach 1 sat to 1$ just imagine bitcoin is 8 decimal so if you count it 1 bitcoin is worth 100 million x 21 million its too much moeny and it will lower the value of dollar remember that more money you produced the lower the value of this

1 sat = 1 USD is not gonna happen ever. Sorry to say so, but there really is not enough money in the world to pump the bitcoin price to such an enourmous number.

it would give bitcoin a market cap at 2100.000.000.000.000 USD
that is 2100 TRILLION USD
right now market cap is 0.05 TRILLION USD

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Sithara007
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August 24, 2017, 10:51:35 AM
 #20

Who knows? Back in 2011, no on thought that the exchange rate of Bitcoin will rise to 3 digits (at least not in the next 10 years). But after 6 years, the exchange rate has breached 4-digits and we are heading towards the 5-digit mark.

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