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Author Topic: Price of 1 Satoshi rise to $1?  (Read 19156 times)
Bittoshi (OP)
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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,
roomfirst
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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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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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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

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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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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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August 24, 2017, 10:56:40 AM
 #21

The current elite will never allow to spread the wealth,you want to say that the world economy will drive the guys who dug coins in 2010. xrp are much more likely to grow than bitcoin just because it was created by the banksters.
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August 24, 2017, 11:01:10 AM
 #22

This may happen due to demand. But, it may take some time ( Alot of time upto 10-15 years)  and the reputation of Bitcoin.
10-15 years isn't enough. Maybe several decades after 2140 when the final BTC is mined, 1 satoshi will worth 1$  Cheesy Cheesy Cheesy
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August 24, 2017, 11:01:45 AM
 #23


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)?


It depends on two things: what will happen with Bitcoin price and what will happen with USD in future. If USD stops beeing relevant FIAT (unlikely but not impossible) and BTC continues to grow it might be possible. But in my opinion it's not realistic.
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August 24, 2017, 11:05:26 AM
 #24

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.
Yes it's this increase in the prices of bitcoin that leads some of us to expect bitcoin prices reaching to the level where even a single satoshi will have some significant value and though it may not seem realistic but no one can deny the possibility but for that to happen we still have to wait for many more years.

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August 24, 2017, 11:05:31 AM
 #25

well i think the limit for bitcoin price rising is $100.000, so for 1 satoshi be at least $1 impossible
but its up to you if you want to hold until 5~20 years in future then sell it.
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August 24, 2017, 11:10:01 AM
 #26


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)?


It depends on two things: what will happen with Bitcoin price and what will happen with USD in future. If USD stops beeing relevant FIAT (unlikely but not impossible) and BTC continues to grow it might be possible. But in my opinion it's not realistic.
Bitcoin will never replace the dollar from circulation in America, but it is easily in the future could oust the dollar as a reserve currency. This is the biggest nightmare of America. Perhaps in the future all the forces of the us financial system will be left to struggle with bitcoin.
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August 24, 2017, 11:18:40 AM
 #27

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

Eh, it will just mean that the value of the coin in circulation will be around 3 times the world GDP Smiley).
Or two times if we consider the growth ad the time BTC will have to get there but I think it is impossible, at least in our lifetime.

Also it would mean for bitcoin to be used for everything replacing all fiat, investments and gold as a store of value.
And this without other cryptos taking a piece of the cake.

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August 24, 2017, 12:05:14 PM
 #28

Be patient is a very good thing, because the price of 1 satoshi = $ 1 happens soon, I'm sure and will continue to buy bitcoin and do not care though sometimes the price goes down, because it will definitely go up again.
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August 24, 2017, 12:28:32 PM
 #29

Well it may become that later in the future,but for how long? I think with the current statistic it gonna take another 17 year to reach that price
But lets leave that for the future,for now just keep what you can and sell when it on the moon,don't let false hope hold you back
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August 24, 2017, 12:29:02 PM
 #30

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

Eh, it will just mean that the value of the coin in circulation will be around 3 times the world GDP Smiley).
Or two times if we consider the growth ad the time BTC will have to get there but I think it is impossible, at least in our lifetime.

Also it would mean for bitcoin to be used for everything replacing all fiat, investments and gold as a store of value.
And this without other cryptos taking a piece of the cake.

Even so, it will still not reach that much. How can it be pumped that much if no one can avail it already? 100K is too much but still reasonable. Elites can still purchase it. But 100M a piece, that is just insane speculation.
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August 24, 2017, 12:30:14 PM
 #31

25000 times it's current worth? judging from it's current unbelievably high price, i would doubt it.
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August 24, 2017, 12:44:30 PM
 #32

I think Satoshi value being worth $1 is ridiculous. 1 BTC would be worth 100 million dollars! I think isn't practical. However 1 satoshi being worth $0.01 I could imagine in a few year ( 1BTC = 1 milion dollar )
So you can hold what you have. But you also be prepared for the worst case scenario.
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August 24, 2017, 12:45:11 PM
 #33

My opinion is that 1 m a Bitcoin is whats maximum possible if it does not slow down and keeps getting used. Above that price, I don't see it maintainable. Maybe I am wrong and it will become a rare collector's item. I can see auctions happening when Bitcoin gets very rare. Meanwhile, you have a lot of new developments in other blockchain solutions and products so going that far to the future too like 2025 is maybe not a good idea. But so long Bitcoin stays the king in value. It's possible to go much higher but let's first reach 100k per Bitcoin first, shall we?  Cool
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August 24, 2017, 12:52:36 PM
 #34

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.

You're right, I just did a guess by the decimals so I'm off by 3. It's not that a wish but one more economic depression and we're very near there.
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August 24, 2017, 01:01:47 PM
 #35

I can't possible think 1 sat =1 USD. Because I think fiat currency can't lose it's value and become so bad and critical because it is more known and has more followers, and corporates won't let their regularized fiat go down so badly.
If this happens, probably it's because BTC will be known worldwide and used for several things, so demand would grow. Who knows corporates find a way with cryptocurrency(Probably difficult), they might be the 1st ones to devalue fiat currency.
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August 24, 2017, 01:11:22 PM
 #36

There's no real way to tell but I can guarantee most of us dream of this to happen. $1 per satoshi would mean a bitcoin would be worth $100,000,000 which is pure insanity and 99% of us would be rolling in $$$. Also with 21 million bitcoins in circulation at 100 million per coin, well you do the math. I think 1 cent or maybe even 10 cents per satoshi would still be amazing and somewhat reasonable. Then again who knows what will end up happening. In my opinion I couldn't see bitcoins being worth over a million dollars and that's a HUGE stretch, more than likely it wouldn't go above $50,000.
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August 24, 2017, 01:31:50 PM
 #37


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)?


It depends on two things: what will happen with Bitcoin price and what will happen with USD in future. If USD stops beeing relevant FIAT (unlikely but not impossible) and BTC continues to grow it might be possible. But in my opinion it's not realistic.
Bitcoin will never replace the dollar from circulation in America, but it is easily in the future could oust the dollar as a reserve currency. This is the biggest nightmare of America. Perhaps in the future all the forces of the us financial system will be left to struggle with bitcoin.

At the moment 1 USD is 0.85 EUR. I was talking about this. Now imagine if for some reason USD goes south like 10 USD for EUR, 20, 30... This would increase BTC value in USD but not in other FIAT.
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August 24, 2017, 02:00:24 PM
 #38

It is highly unlikely that 1 Satoshi would be valued at $1, but with the devaluation of the dollar and with inflation that might

not be totally absurd to say that it might happen in the future. The US Dollar might collapse, like the Zim Dollar did and we

would be dealing with values like that. I like the "mSatoshis" unit that you suggested.  Wink


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August 24, 2017, 02:07:12 PM
 #39

it is far more different compared on the old day which bitcoin are not that famous/popular and few people trusted [some buy btc before just for fun] who know that it will come up to this far. but 1 sat = to 1$ is very ridiculous , in im perspective when it happens there will be a war in cryto world and our economy will collapse. 

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August 24, 2017, 02:14:47 PM
 #40

Well it may become that later in the future,but for how long? I think with the current statistic it gonna take another 17 year to reach that price
But lets leave that for the future,for now just keep what you can and sell when it on the moon,don't let false hope hold you back

In the last three years my brother got married and he has now two children.
Does it mean that in the  next 30 he is going to have ten wifes and 20 children?

And let's say BTC is special and it will do so in 17 years.
What is stopping it from going x25000 to 2.5 trillion a piece in 34 years?

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August 24, 2017, 02:16:13 PM
 #41

Maybe in 30/40 years

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August 24, 2017, 02:30:24 PM
 #42

It is good to here if 1 satoshi is 1 dollar so if you go in the situation, a one satoshi is one dollar and in some faucet you can earn 26 satoshi in one captcha so 26 dollars in one captcha? So it is nice to hear and some people do captcha only.
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August 24, 2017, 02:40:02 PM
 #43

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.

yeah im agree with this, if 1 satoshi 1$ so maybe there are mili satsohi and if we get 1 satoshi we will be happy like we get some 0.0001 right now hahahaha. but i think 1 saotshi cant be 1$, if 1 satoshi 1$ how about transfer fee? 0.0001 for transfer fee? hahaha

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August 24, 2017, 02:58:20 PM
 #44

Fiat wont be around to be able to measure it if it gets to that point
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August 24, 2017, 03:02:19 PM
 #45

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible. But I think that is still a long way to go. There is no assurance of that but with a high possibility maybe after 20 years.
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August 24, 2017, 03:05:36 PM
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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.

So you're saying 1 satoshi will be worth $1 in about 6 months?   Grin

But really, that is not a farfetched prediction in about 5 years. 
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August 24, 2017, 03:08:20 PM
 #47

This may happen due to demand. But, it may take some time ( Alot of time upto 10-15 years)  and the reputation of Bitcoin.
You write that as if 15 years is forever,  and a 400x rise is nothing.

Not gonna happen unless something goes seriously wrong in the
US, where the USD hyperinflates.  If thay becomes the case then
bitcoin will be the last thing I'm concerned about.
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August 24, 2017, 03:38:53 PM
 #48

I do not think 1 satoshi will be worth 1 USD. That is wayyyy tooo highhhh man.

Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..
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August 24, 2017, 03:52:51 PM
 #49

If this happens we are likely to become a millionaire.
But it's hard to imagine that all we have to do is store bitcoins / satoshi in that we have something to hide if this happens. That includes the big disaster we do not know what's going to happen so be prepared. But I think it's likely to happen.
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August 24, 2017, 03:54:18 PM
 #50

yeah the satoshi will be high into the moon
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August 24, 2017, 04:09:09 PM
 #51


-snipped
Use faucets,
-snipped

What do you think?

There are lots of things that can replace faucet milking.  At this point faucet is actually a waste of time.  Why would you spend the whole day milking faucet and getting an amount less than the transaction fee, while you can use your time to a more profitable activity, I agree with trading, freelancing to earn bitcoin.  Aside from that I felt that the price you think is quite an exaggeration.  Though I will be happy if that happen.
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August 24, 2017, 04:11:30 PM
 #52

It would take a very long time if it does happen. Or you might be dead before you ever see 1 BTC to be worth $5K.
I'd be able to buy a fishing boat of my own if that happen. But I probably won't wait for 1 satoshi to be $1, I'd rather trade and invest to tokens that grows faster than waiting.
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August 24, 2017, 04:19:35 PM
 #53

A much more likely scenario is one satoshi being worth a penny. In this case, one bitcoin would be worth $1 million. I assume for bitcoin to hit this high a price it would essentially have to become a global reserve currency, like the dollar, euro, yen, pound, etc.
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August 24, 2017, 05:01:35 PM
 #54

I totally see the possibility of this one day. Thesame thing that happened back then that most faucets were giving out 1btc which is worth a lot now, is thesame way few sats will be worth a lot one day if not soon. So many countries, like Jamaica and Nigeria recently, are already endorsing bitcoin and creating awareness. If this goes on with so many other countries, then those of us now that feels 1BTC is too much to purchase will be thanking our stars, we have the little we could afford today.
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August 24, 2017, 06:57:33 PM
 #55

What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.

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August 25, 2017, 03:32:24 AM
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What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.

This is a thread with one of the earliest version of BTC.
https://bitcointalk.org/index.php?topic=382374.0

Those lines are basically bitcoins and satoshis.
Change them and you can get 100 trillions satoshi in a btc instead of 100  millions as it is right now.

Denomination will happen a lot easier than with fiat. No need to print new coins and banknotes. Just a few lines code and hit update.

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Bittoshi (OP)
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August 25, 2017, 06:55:46 AM
 #57

I do not think 1 satoshi will be worth 1 USD. That is wayyyy tooo highhhh man.

Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..

There will be no time when all 21.000.000 will be available. No one know how many but some are already lost forever because people lost the private key or died. And when the last block is mined, even more Bitcoins will be "lost" forever. but I agree, even if there are only 15.000.000 Bitcoins are available in total, a price of $100.000.000 per coin is a bit ambitious.  Grin

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August 25, 2017, 07:33:31 AM
 #58

I don't know if this can ever happen but if it does people interested in cryptocurrencies would be all rich and owners of estates, means of production so on. It is like we would be ruled by crypto owners. Very different future ahead. Who knows?

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omonuyak
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August 25, 2017, 07:35:09 AM
 #59

I think 1 satoshi will go as far becoming more than $1 before the end of 2018. Actually if I could find the hard disk for my old computer which I sold out I think I could have made over a billion dollars in my local currency because I could remember doing some micro jobs around 2009 that paid in bitcoin and because bitcoin has no value then I sold my computer without even not mind my bitcoin on that computer.
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August 25, 2017, 07:45:58 AM
 #60

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.

This answers represent my ideas too.. He is right at all it is even how you prepared for anything you will never really know. So do it on your own risk.. And if that theory is 1$ a piece of satoshi will happen soon.. It can changed our lives the soonest..

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August 25, 2017, 07:59:15 AM
 #61

What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.

This is a thread with one of the earliest version of BTC.
https://bitcointalk.org/index.php?topic=382374.0

Those lines are basically bitcoins and satoshis.
Change them and you can get 100 trillions satoshi in a btc instead of 100  millions as it is right now.

Denomination will happen a lot easier than with fiat. No need to print new coins and banknotes. Just a few lines code and hit update.

Yes because changing bitcoin's code has proven to be trouble free and non-contentious, just look at the current fork shenanigans. In all seriousness though GLOBAL GDP is $75,278bn, that's about $3.5mm a Bitcoin. Now GDP is not the same as money supply or debt, Global debt is $199,000bn, but I think for the moment we have to accept that $1 a satoshi is unlikely/impossible in What for me is effectively my lifetime (50 years or so)
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August 25, 2017, 11:27:09 AM
 #62

Right now the growth is tremendous, but it doesn't have a perfect reason for such a growth to happen. Maybe in the future when the entire population of the world starts using bitcoin the value of a Satoshi might increase and reach $1, because the bitcoin mining is limited to certain number as well the halving happens in between.
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August 25, 2017, 11:44:10 AM
 #63

It is still not possible that would mean 1 bitcoin is worth 100 million. It does have a high demand but pushing the price so high seems impossible right now there should be a reason for the price to increase but increasing by such a margin would mean anyone holding a bitcoin will be a millionaire and huge holders would have trillions
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August 25, 2017, 12:17:31 PM
 #64

I think the chances of a satoshi become a dollar is really low, when that happened there will be a lot of new millionaire and I think most of the people will switch to other coin to invest, but for sure the price will be very valuable in the future and it is always a great idea to save more bitcoin for the future
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August 25, 2017, 01:07:57 PM
 #65

anything could happen in bitcoin ,maybe it will become zero one day ,maybe it will be worth $1000000 .who knows ,let me choose ,i will choose $1000000, at that day ,i will be very rich .

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August 25, 2017, 04:02:44 PM
 #66

If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.

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August 25, 2017, 04:03:43 PM
 #67

Yes, but I dont know if I will be alive to see that.

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August 25, 2017, 05:45:56 PM
 #68

If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.

We cannot assure and say that and will not happen at all. Now mbtc has been increased to big value but fees for the transaction has become a big amount what we see in the time August 1st movement. We need that to reduce the earlier value then we can worry about the satoshi's cost.
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August 25, 2017, 06:25:10 PM
 #69

If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.

We cannot assure and say that and will not happen at all. Now mbtc has been increased to big value but fees for the transaction has become a big amount what we see in the time August 1st movement. We need that to reduce the earlier value then we can worry about the satoshi's cost.

There are good chances to see 1 satoshi pricing $1 on long term. But first 1 satoshi must cost 1 cent, then 10 cents, only much time after we need to worry about 1 satoshi = $1. I agree with you, a big problem is the transaction cost in BTC, that is high. Doesn't worth to have BTC pricing a lot, but the transaction fee being high as well...

 
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August 25, 2017, 06:31:06 PM
 #70

Impossibility is nothing when it comes to bitcoin who would have thought bitcoin would ever rise to 4k +
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August 25, 2017, 06:59:33 PM
 #71

If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly,
Bitcoin is going to produce millions of millionaires and no one has nothing to do with that. When iron industry evaluated, it produced hundreds of people millionaires and when software industry evaluated, thousands of people became millionaire and billionaire too. So, this is the time for crypto world.

I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.
You never need to worry. When one satohsi will be valuing one USD, we can assume that we will be capable of diving one satoshi into another 100s or 1000s smaller units.

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August 25, 2017, 07:47:03 PM
 #72

It's possible with inflation. 1 satoshi would equal $1, but a new Honda Civic would cost $10M, so...
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August 27, 2017, 12:07:54 PM
 #73

I think if the value of 1 satoshi became 1$ this kind of currency will be acknowledge worldwide.  All people in this world will be panic . Cause claiming 1 satoshi is very easy.i think that faucet that have a free claim satoshi will  disappear if the value of 1 satoshi is 1$. And if that things happened all of people will be interested and so on bitcoin will be legal in public?
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August 27, 2017, 02:35:21 PM
 #74

Yes,of course.when bitcoin price goes very high beyond the limit of a normal person,then he could not afford to buy a bitcoin as a whole.So,in such situations,the price of even a satoshi could cost more say $1.So,we would be buying satoshis at that time either by signature campaigns or by trading or by completing some works like programming,etc.The word satoshi would be mostly used in future.
Lets assume that bitcoin would reach that point that 1 satoshi = 1$ and talking 1 bitcoin = 100M usd too which its really an impossible thing and I cant really think off even on my dreams if that would happen and I'm sure most goods and needs on this world do cost too expensive which would be 1000x more compared on the price of todays. Knowing that if bitcoin would be on that state we would really presumed that it is already on the mainstream.

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August 27, 2017, 02:40:59 PM
 #75

So when 1 satoshi would become $1 then we would also have to think about bitcoin transaction fee, as it would become $50k to $100k which I think is pretty much the salary of a PhD teacher per year. So by then I believe off chain transactions would be "The Thing".

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August 27, 2017, 03:46:25 PM
 #76

We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.
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August 28, 2017, 12:51:25 PM
 #77

We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.

How much is the prize on faucets this days? If its around 100 satoshis that is great I remember the days when prize from faucets was close to 1000 satoshis per claim, and in some even more. If 1 sat. Is equivalent to 1 dollar then all this time spent on claiming faucets will be rewarded.
When we can expect this price to come, in 10 or maybe 20 years? It will not be any time soon, I have faith that this will happen once but not so soon. Calculations are simple here 1 sat. to be 1 dollars needs 1 BTC to be 100 million dollars, and bitcoin market cap x21 million coins. That is huge, when you put things like this maybe we will not be live to see 1 satoshi = 1 dollar in our lifetime.

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August 28, 2017, 01:17:35 PM
 #78

We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.

How much is the prize on faucets this days? If its around 100 satoshis that is great I remember the days when prize from faucets was close to 1000 satoshis per claim, and in some even more. If 1 sat. Is equivalent to 1 dollar then all this time spent on claiming faucets will be rewarded.
When we can expect this price to come, in 10 or maybe 20 years? It will not be any time soon, I have faith that this will happen once but not so soon. Calculations are simple here 1 sat. to be 1 dollars needs 1 BTC to be 100 million dollars, and bitcoin market cap x21 million coins. That is huge, when you put things like this maybe we will not be live to see 1 satoshi = 1 dollar in our lifetime.
chances to witness that is low but it will happen if this investment will continue to proceed and every single support from the big whales are still there
for sure we will see 1 sat = 1$  just cant imagine how rich am I if I started to save at least 1 btc for my families future.

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August 28, 2017, 01:19:37 PM
 #79

So when 1 satoshi would become $1 then we would also have to think about bitcoin transaction fee, as it would become $50k to $100k which I think is pretty much the salary of a PhD teacher per year. So by then I believe off chain transactions would be "The Thing".

LOL ouch.  These Bitcoin transactions fees have got to come down, right?
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August 28, 2017, 02:38:18 PM
 #80

Bitcoin has always proved that it can rise unimaginably to new ATH in short time $1 per satoshi is possible in the furture and it's no denying the fact that many of us didn't expected a year ago that bitcoin will be 4300$ in aug 2017 but it happened.

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August 28, 2017, 02:51:28 PM
 #81

Now, this is the most unrealistic prediction i've ever read so far. This is somewhat more on imagination because this is impossible to happen. Not next year, not in 5, not in a decade. It's not I don't believe in btc that it could get higher than the current price but this is different. It is way too high.
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August 28, 2017, 05:10:23 PM
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Now, this is the most unrealistic prediction i've ever read so far. This is somewhat more on imagination because this is impossible to happen. Not next year, not in 5, not in a decade. It's not I don't believe in btc that it could get higher than the current price but this is different. It is way too high.
Maybe the prediction of single Satoshi getting valued equal to an USD can be considered an imagination, but we cannot completely deny that it won't happen. Why I say this is, just based on the growth it has experienced in the shortest span of less than 10years. Once people just speculated about $5000 and some described it to be an imagination, now everyone believes that price reaches $5000.

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August 28, 2017, 07:25:15 PM
 #83

I dont think will happen because if 1 satoshi the price is 1 dollar . The price per bitcoin is 100 million dollars and thats very impossible to happen even you wait more years or maybe century it will not happen true life. Maybe 10000 satoshi become 1 dollars and the price of bitcoin is 10k dollars and thats true happen in the next few years maybe the year of 2018 or theyear 2019 . But I hope price will increase more.
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August 28, 2017, 08:31:13 PM
 #84

is very imposible and is never true only you sleep and dream if 1 satoshi one dollar, this mean 1 bitcoin price 100 million dollar
so how much sending fee, example you sending bitcoin 100k satoshi, is equal 100k dollar, bitcoin user is never use bitcoin again,


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August 28, 2017, 08:51:23 PM
 #85

is very imposible and is never true only you sleep and dream if 1 satoshi one dollar, this mean 1 bitcoin price 100 million dollar
so how much sending fee, example you sending bitcoin 100k satoshi, is equal 100k dollar, bitcoin user is never use bitcoin again,
The fact is that Satosh's initial intention was that Bitcoin is the end result of the wealth of many users. The most used coefficient of crypto currency is Satoshi. I would not worry about the Bitcoin account, because such numbers will still be present on the market.
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August 28, 2017, 09:50:14 PM
 #86

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?
Well I think for 1 Satoshi to be equivalent of one dollar is not attainable in the next twenty-five years to come. This is because 1bitcoin market value has to be like $100 million before you can get the such a of 1 Satoshi equal $1. Bro I don't see it coming though.
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August 28, 2017, 09:54:32 PM
 #87

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?

yes

have often considered this, it might be a way off for now

but one day if crypto becomes collectors items then yes it will do, 2030+ i reckon

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August 29, 2017, 12:53:41 AM
 #88

Keep on dreaming.
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August 29, 2017, 03:12:11 AM
 #89

if that's the case, I guess bitcoin users will be very rich. Well, even you can get hundreds of satoshi in freebitco.in. And I do not think that will happen. having 1 btc will make you a billionaire.
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August 29, 2017, 03:38:01 AM
 #90

1 sat = 1 cent maybe


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August 29, 2017, 05:49:10 AM
 #91

1 sat = 1 cent maybe

If in future we have 1 sat = 1 cent, the value of 1 Bitcoin in that time will be = 100,000,000 sat / 0.01 $ = 1,000,000 Dollar. LOL Grin, a huge money and dream value of Bitcoin.
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August 29, 2017, 10:18:38 AM
 #92

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?

Long term wise bitcoin reallly has no limits. 1 dollar per satoshi is really possible, even though it may sound quite an absurd statement to say right now. The fact is that the very principle of measuring bitcoin in fiat for the long term is flawed, because bitcoin is a store of wealth, whilst fiat is a depreciative form of currency that will always lose money.

As more people use bitcoin, the price of bitcoin will go up. At the same time due to inflation and hyperinflation, fiat goes down. This basically speeds up the bitcoin's appreciation in fiat value.

Just don't expect this to happen any time soon, or it could even not happen at all. It really depends on fiat to lose a lot of value via a hypeinflationary scenario. By then, $100 million might be worth only a fraction of what it's worth right now.

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August 30, 2017, 08:57:27 AM
 #93

Now, this is the most unrealistic prediction i've ever read so far. This is somewhat more on imagination because this is impossible to happen. Not next year, not in 5, not in a decade. It's not I don't believe in btc that it could get higher than the current price but this is different. It is way too high.
Maybe the prediction of single Satoshi getting valued equal to an USD can be considered an imagination, but we cannot completely deny that it won't happen. Why I say this is, just based on the growth it has experienced in the shortest span of less than 10years. Once people just speculated about $5000 and some described it to be an imagination, now everyone believes that price reaches $5000.

Yeah because 5000$ or 10000$ can be done. It would mean only an investment of 170 billions and this assuming everyone will sell at that price.
170 billions is nothing, it doesn't even get you into the top 50 investment funds in the world.

But 100 million per BTC would mean a market cap of 2100 trilions, something that you can't actually achieve without putting almost everything that has somehow a connection to the financial world into bitcoin.

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August 30, 2017, 09:43:32 PM
Last edit: September 16, 2017, 08:50:23 AM by ALT67890
 #94


It is high time that we do prediction onto our desire for profits in the end, if it happens we're the once be benefited from it. It might look fairytales to others but for me it just that everything is possible to bitcoin and we all know that. Miracles are not proper to call about bitcoin phenomenon but it is much be better if it was destined to be on market and all of us is in the right place and in the right time.
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August 30, 2017, 09:45:33 PM
 #95

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?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
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August 31, 2017, 03:23:38 AM
 #96

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?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
well, of course bitcoin would be greatly hunted if it really happened. besides, bitcoin will probably be a very step coin, and very valuable on the internet if 1 satoshi is really priced at $ 1
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August 31, 2017, 06:30:55 AM
 #97

Bitcoin has always proved that it can rise unimaginably to new ATH in short time $1 per satoshi is possible in the furture and it's no denying the fact that many of us didn't expected a year ago that bitcoin will be 4300$ in aug 2017 but it happened.

I think it is impossible, any currency has its limits. If it wants to continue to grow, it needs to take important steps, these are the steps to becoming a real currency that is used in daily payments; however, that is impossible.

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August 31, 2017, 06:41:32 AM
 #98

Keep on dreaming.

Yeah like there's nothing impossible in bitcoin as its really unpredictable. We never know when will bitcoin take us to the moon. Many are still hoping to make this will happen. But the 1 satoshis per dollar will surely not just take few years but many years to happen. Lets just hold our coins as long as we can so we can all be tasting the moon.

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August 31, 2017, 06:43:16 AM
 #99

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?


That is not going to happen in our lifetime. You just need to do a back of the envelope calculation. If 1 bitcoin = 100 million dollars, the total value of bitcoins = 21 million * 100 million. Even if Bitcoin is the only currency used in the world, you won't get there.
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August 31, 2017, 11:48:22 AM
 #100

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?


That is not going to happen in our lifetime. You just need to do a back of the envelope calculation. If 1 bitcoin = 100 million dollars, the total value of bitcoins = 21 million * 100 million. Even if Bitcoin is the only currency used in the world, you won't get there.

I think that even if bitcoin does not reach such a price, but it will still go up.
So now you need to take care of collecting as many coins as possible for the future. Do not be wasteful - think about your future

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August 31, 2017, 03:03:30 PM
 #101

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.
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August 31, 2017, 03:41:24 PM
 #102

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?


That is not going to happen in our lifetime. You just need to do a back of the envelope calculation. If 1 bitcoin = 100 million dollars, the total value of bitcoins = 21 million * 100 million. Even if Bitcoin is the only currency used in the world, you won't get there.

I think that even if bitcoin does not reach such a price, but it will still go up.
So now you need to take care of collecting as many coins as possible for the future. Do not be wasteful - think about your future
With bitcoin as well other digital currencies, the growth is entirely based on the time to the rate of adoption. This assure a price increase. If examined about the growth that took place till date, none could have experienced a loss, if he has got the patience to hold. Thinking this the more you save at present is gonna benefit in the future.
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August 31, 2017, 05:53:33 PM
 #103

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.
Amazing how many naive people. Do you think that in a few years bitcoin will be worth $ 1 million? It is enough that some whales decided to withdraw from the market of bitcoins and the price may return to $ 1,000. Nobody knows their future and therefore it is impossible to think only about good things. It is dangerous.
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September 06, 2017, 03:58:08 AM
 #104

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?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
well, of course bitcoin would be greatly hunted if it really happened. besides, bitcoin will probably be a very step coin, and very valuable on the internet if 1 satoshi is really priced at $ 1
At that point the price in dollars will be meaningless, everyone will try to get their hands on bitcoin no matter what they have to give up in order to get it, it is very similar to what happens when an economic crisis hits a country and then everyone is trying to get dollars or gold.
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September 06, 2017, 07:05:31 AM
 #105

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.

If given enough time then bitcoin can definitely achieve those levels.

In the long run, inflation is going to be a huge factor in driving the price of bitcoin up because of the fact that bitcoin has a finite amount available, and fiat does not. If there was a hyperinflation then $1 per satoshi would be completely normal.

Just don't expect $1 to be worth anything much, though. Bitcoin is a store of value, although it will gain value as more adopters use it overall it should the amount of goods you can buy with 1 btc should remain fairly constant, whether fiat is performing well or bad.
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September 06, 2017, 08:07:58 AM
 #106

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?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
well, of course bitcoin would be greatly hunted if it really happened. besides, bitcoin will probably be a very step coin, and very valuable on the internet if 1 satoshi is really priced at $ 1
At that point the price in dollars will be meaningless, everyone will try to get their hands on bitcoin no matter what they have to give up in order to get it, it is very similar to what happens when an economic crisis hits a country and then everyone is trying to get dollars or gold.

How could be the price of dollar would became meaningless? while the point of that rise is we can earn huge if that instance will came true and the difficulty to get more bits are getting more harder so there's no point that price of fiat will became affected if this scenario will be happen.

BITWIN.

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September 06, 2017, 08:20:33 AM
 #107

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.

If given enough time then bitcoin can definitely achieve those levels.

In the long run, inflation is going to be a huge factor in driving the price of bitcoin up because of the fact that bitcoin has a finite amount available, and fiat does not. If there was a hyperinflation then $1 per satoshi would be completely normal.

Just don't expect $1 to be worth anything much, though. Bitcoin is a store of value, although it will gain value as more adopters use it overall it should the amount of goods you can buy with 1 btc should remain fairly constant, whether fiat is performing well or bad.

This is far from first thread about 1 sat. to be 1$, that is 100.000.000$ for one bitcoin. This would make all of us here millionaires, but when? Can this happen in next 30 years? I think no, bitcoin price will rise in this time a lot, in that I do not doubt, but 100M dollars is just to much to get there in some short period of time. Or we can think in other way, what needs to happen to push price so high? Mass adoption, legalization, every single man on this planet to wish to buy bitcoins or satoshis and demand to go to the sky, would that be enough?
In 30 years many things can happen, and currencies that we know now can disappear. Technology made huge progress in past 20 years, what can happen for 30 more is like since fiction when I think about it.



.
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September 07, 2017, 07:05:31 PM
 #108

What we think difficult right now, could happen in the future. However, the question is  when it actually happens (but i don't care about when). We can imagine how much tx fee applies if suppose we use withdraw from wallet exchanges to address blockchain  Wink

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September 07, 2017, 08:57:37 PM
 #109

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.
Amazing how many naive people. Do you think that in a few years bitcoin will be worth $ 1 million? It is enough that some whales decided to withdraw from the market of bitcoins and the price may return to $ 1,000. Nobody knows their future and therefore it is impossible to think only about good things. It is dangerous.

Well, the price works like this.
We have btc at 5000$ , nobody is selling someone wants to buy some coins he pays 1 $ for one satoshi , price is 100 million.
Easy to do it.
He sells well... price is back to 5000$.

But for a sustained price you will first have to pour in hundred of billions and million of coins to change hands.
There is simple not enough cash in our day to day economy to handle that.At least not now, or the next decade or so.

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September 07, 2017, 09:45:05 PM
 #110

1 satoshi the equal value 1 dollars is very impossible to happen. Because if that happen the price of bitcoin is 100 million dollars and thats the dream will not happen even after thousands years. Even the price of 1million or 100 thousands dollars will not happen what if 1million dollars. You will become billgates if that happen if you have thousands of bitcoin and the price is 1million per bitcoin but probably not happen.

 
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September 07, 2017, 09:49:02 PM
 #111

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.

I'm kind of in the same boat as you. Kind of.

I do think that it's highly unlikely to see a Satoshi rise up to 1$ because at that point you're creating so much money out of nothing (seemingly to outsiders) that it does not seem sustainable. However, the only reason I can say that I'm giving it a chance is because I genuinely did not expect bitcoin to rise the way it did. It exploded and as of now, I don't know what's stopping it from continuing to explode. Very few people were able to call the bitcoin burst from a long time away, but those who did have benefitted greatly.

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September 07, 2017, 10:02:07 PM
 #112

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.
At this moment it is totally ridiculous thought, I agree, and at the same time Bitcoin proved me wrong many times, and I will never say never to any - even the most fantastic price prediction.
Many great minds and personalities predicted that bitcoin might be worth between $100,000 to $2 million in the next 5 years.
I know this is nothing close to 1 Satoshi = 1 Dollar, but we gotta remember that bitcoin will go higher and dollar's value and purchasing power will only decline over time.
Maybe in the next 50 years our children will be alive to see this crazy scenario come true.
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September 07, 2017, 10:06:13 PM
 #113

I don't think it's possible, no way.  I doubt a satoshi is going to reach even a penny.
If that were going to happen, I'd be a very lucky, wealthy person.  And I've never
been that lucky in my life.  I'm bullish on bitcoin but I'm not an unrealistic idiot
who thinks anything is possible.   Hope I'm wrong.
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September 07, 2017, 10:12:12 PM
 #114

but it's hard to image that 1$ would be worth the same goods and services if that happens. the dollar will have to completely collapse.

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September 07, 2017, 11:56:37 PM
 #115

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.

I am not sure about that, bitcoin could reach fantastic price but we don't know for sure, how much it will be.
But, there will be no milli sats, no fraction anymore as the nodes written that way, unless there will be another hard fork to add another digit.
Bitcoin price is expensive right now, but consider as cheap if bitcoin reach $10,000 or even $20,000.
Every sats is precious, as long as you can get it, make efforts to do it because bitcoin still on the beginning of development.
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September 13, 2017, 03:42:52 AM
 #116

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?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
well, of course bitcoin would be greatly hunted if it really happened. besides, bitcoin will probably be a very step coin, and very valuable on the internet if 1 satoshi is really priced at $ 1
At that point the price in dollars will be meaningless, everyone will try to get their hands on bitcoin no matter what they have to give up in order to get it, it is very similar to what happens when an economic crisis hits a country and then everyone is trying to get dollars or gold.

How could be the price of dollar would became meaningless? while the point of that rise is we can earn huge if that instance will came true and the difficulty to get more bits are getting more harder so there's no point that price of fiat will became affected if this scenario will be happen.
Because at that point bitcoin will be so valuable that the value of the dollar will no longer be important, now everything is priced in dollars, if bitcoin was so valuable then things will be priced in bitcoin, bitcoin will become the new world currency, now do you understand?
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September 13, 2017, 03:59:37 AM
 #117

I think it's possible specially if the demand in bitcoin cannot accommodate by the limited supply circulating in the market as bitcoin age more and more people get interested in bitcoin and wants to earn it. The value keeps fluctuating because it needs to supply the current demand of bitcoin and so as in future it needs to adjust with the upcoming demand.
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September 13, 2017, 03:22:10 PM
 #118

only way 1 satoshi would be worth 1 USD is if the dollar became like Zimbabwe dollars but I guess that is possible someday 

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September 19, 2017, 04:57:01 PM
 #119

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.

If given enough time then bitcoin can definitely achieve those levels.

In the long run, inflation is going to be a huge factor in driving the price of bitcoin up because of the fact that bitcoin has a finite amount available, and fiat does not. If there was a hyperinflation then $1 per satoshi would be completely normal.

Just don't expect $1 to be worth anything much, though. Bitcoin is a store of value, although it will gain value as more adopters use it overall it should the amount of goods you can buy with 1 btc should remain fairly constant, whether fiat is performing well or bad.

This is far from first thread about 1 sat. to be 1$, that is 100.000.000$ for one bitcoin. This would make all of us here millionaires, but when? Can this happen in next 30 years? I think no, bitcoin price will rise in this time a lot, in that I do not doubt, but 100M dollars is just to much to get there in some short period of time. Or we can think in other way, what needs to happen to push price so high? Mass adoption, legalization, every single man on this planet to wish to buy bitcoins or satoshis and demand to go to the sky, would that be enough?
In 30 years many things can happen, and currencies that we know now can disappear. Technology made huge progress in past 20 years, what can happen for 30 more is like since fiction when I think about it.
Even if all of that happened that will not be enough we will need hyper inflation the big brother of inflation, and even if that happened and bitcoin reached that absurd value in dollars the most important thing is what would you able to buy with those dollars? If at that point the dollar was so devalued that 100 million dollars in 30 years bought the same as 100k today then the value of bitcoin may not be as impressive as it may seem at first sight.
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September 19, 2017, 05:02:28 PM
 #120

In my opinion, Bitcoin Value  it will still go up. But 1 sat = 1 USD is not gonna happen ever. Because then 1 BTC would be worth 100 million dollars (so ridiculous).
If you say 1 sat = 0.01 USD <=> 1 BTC = 1 million USD, i will accepted. However, we still have to wait a few years.
Amazing how many naive people. Do you think that in a few years bitcoin will be worth $ 1 million? It is enough that some whales decided to withdraw from the market of bitcoins and the price may return to $ 1,000. Nobody knows their future and therefore it is impossible to think only about good things. It is dangerous.

I have to agree with you on this. The thought of bitcoin hitting a million is very absurd, especially when we look at just how much growth has happened in the past. Furthermore, the volatility is extreme with bitcoin. You're right in the sense that a couple of people need to just withdraw and boom the price drops, but also the news stories that surround bitcoin can impact it significantly as well. My advice to everyone on this thread is to be optimistic, but never too optimistic.

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September 19, 2017, 05:24:15 PM
 #121

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

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September 19, 2017, 05:38:31 PM
 #122

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
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September 20, 2017, 01:35:46 AM
 #123

There will be the time tnat 1satoshi would be 1$.We may never know.As long as theres the continuing increase of knowledge about btc there will be a time it would be reaching that way.

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September 20, 2017, 07:01:32 AM
 #124

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

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September 20, 2017, 07:32:38 AM
 #125

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

If the price of 1 satoshi will be 1$ well I don't think Faucets will pays 1 satoshi per claims and maybe they will make it as point basis and they will put some limits before you can able to withdraw your 1$ in there site. Look at the captcha site they are not payng huge money for there user and that would be the scenario if each bits will became more expensive.

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jackhdt
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September 20, 2017, 07:51:57 AM
 #126

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

If the price of 1 satoshi will be 1$ well I don't think Faucets will pays 1 satoshi per claims and maybe they will make it as point basis and they will put some limits before you can able to withdraw your 1$ in there site. Look at the captcha site they are not payng huge money for there user and that would be the scenario if each bits will became more expensive.
I just imagining. I had thought of that problem. of course it will not happen with the current number Shatoshi

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September 20, 2017, 09:32:18 AM
 #127

Maybe in the future the growth of each Satoshi will go to such a higher value. As the user base keeps on increasing from day to day, the price increasing chances were very high. This creates path for bitcoin to reach a much increased price, so that sometimes the price of single Satoshi gets valued equal to an USD.
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September 20, 2017, 10:09:29 AM
 #128

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever


it is really a matter of when it's going to happen rather than whether it is going to happen or not.

Fiat currencies are going to collapse sooner or later. We have to acknowledge this. Look at Venezuela, now 1 BTC is worth tens of millions(near 100 million, aka 1 Bolivar per satoshi) of Venezuelan Bolivars and who thought that this was possible back in say 2008?

I wouldn't say that it'll happen overnight. Give bitcoin a few decades to reach mass adoption.
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September 20, 2017, 03:40:06 PM
 #129

No way that is never going to happen not even in 100 years for that to occur the demand of it has to cross all the barriers and currently only few countries have adopted it for this is too occur we will need a worldwide adoption of it and all bitcoins need to be mined so that it becomes rare 1 satoshi can be 0.01$ but 1$ seems a lot
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September 20, 2017, 05:31:36 PM
 #130

indeed this will only happen when all bitcoins have been successful in the mine and price control is only in the company that has the most bitcoin, but where will the bitcoin users get more or less if the bitcoin price has been successfully controlled by a company? maybe this will happen but sometime the right time to wait for it to come
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September 24, 2017, 09:29:37 PM
 #131

only way 1 satoshi would be worth 1 USD is if the dollar became like Zimbabwe dollars but I guess that is possible someday 
That day may not be far, some people may think that is impossible but if governments around the world stop taking dollars in exchange of petroleum and if they stop accumulating dollars as reserves then the United States government will be unable to export its inflation and when everyone realizes that the dollars are becoming useless then there is going to be a rush to spend those dollars as fast as possible and then hyperinflation will follow.
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September 24, 2017, 09:51:27 PM
 #132

Unless USD somehow becomes obsolete if they get wiped off the face of the earth or something then I can't see this happening. 1 Satoshi being 1 dollar would mean bitcoin at 100m, that just wouldn't ever happen.

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September 24, 2017, 10:12:33 PM
 #133

Well it can end up happening far in the future. We must consider that many bitcoins are lost too (unrecoverable wallets and such), and more will be lost as years pass by. It could well be that we end up having only 14 million bitcoin total or less at some point. If there is a worldwide mass adoption... It is much to think a big part of the world's economy would be worth 1,400,000,000,000,000 dollars.... right now U.S. Debt is "only" 1/7 of that http://www.usdebtclock.org/#?

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September 25, 2017, 08:40:26 AM
 #134

21M of maximum bitcoins
*
100,000,000 satoshi in 1BTC
=
2,100,000,000,000,000 satoshi in all possible bitcoins (approximately)

that means...
Code:
2,100,000,000,000,000
Q  T   B   M
we need just $2,100 trillion (two quadrillion one hundred trillion) in bitcoin capitalization to make 1 satoshy cost $1.

according that link, there is $1.2 quadrillion invested in derivatives alone.

But as maokoto said, some BTC are frozen or lost forever, so a smaller amount may work. So, it's pretty possible! Cheesy

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September 25, 2017, 11:56:34 AM
 #135

No it will never happen, just one reason. if 1 satoshi worth 1 usd then how much transaction fee should we pay? and if it does happen, of course, the rich are bitcoin miners, not bitcoin users or bitcoin holders.

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September 27, 2017, 09:57:57 PM
 #136

21M of maximum bitcoins
*
100,000,000 satoshi in 1BTC
=
2,100,000,000,000,000 satoshi in all possible bitcoins (approximately)

that means...
Code:
2,100,000,000,000,000
Q  T   B   M
we need just $2,100 trillion (two quadrillion one hundred trillion) in bitcoin capitalization to make 1 satoshy cost $1.

according that link, there is $1.2 quadrillion invested in derivatives alone.

But as maokoto said, some BTC are frozen or lost forever, so a smaller amount may work. So, it's pretty possible! Cheesy


But the problems with those derivatives market is that much of that money does not exist it is just an illusion but when that market goes down, and to go down it will, it is going to sink the whole world in an economic depression that we have never seen before, this is why bitcoin could be our way to escape that fate since we are not going to be affected by it.
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September 28, 2017, 12:28:23 AM
 #137

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

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September 28, 2017, 02:06:18 AM
 #138

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.


If 1 satoshi equals $1 then 1 Bitcoin would be $100 million. The only way this could ever happen is if inflation rose so much that $1 was almost worthless. I'm not saying this couldn't happen, but it might take 100 years and $1 would not go as far as it does now. Maybe by then a meal at a restaurant would cost $1000 because of a weakened dollar so $100 million would not seem like as much money as it does now. With fiat currencies subject to inflation and Bitcoin designed to be deflationary, it is possible.
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September 28, 2017, 02:15:52 AM
 #139

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.


If 1 satoshi equals $1 then 1 Bitcoin would be $100 million. The only way this could ever happen is if inflation rose so much that $1 was almost worthless. I'm not saying this couldn't happen, but it might take 100 years and $1 would not go as far as it does now. Maybe by then a meal at a restaurant would cost $1000 because of a weakened dollar so $100 million would not seem like as much money as it does now. With fiat currencies subject to inflation and Bitcoin designed to be deflationary, it is possible.

Yeah, highly unlikely to happen in the future. $1 is the benchmark globally and it would simply change that way. The dollar is so strong that I really doubt that something like the scenario you put will come into reality. So in theory, the 1 BTC = 1$ wont be happening as well. Even if all the bitcoin has been mined, it won't happen.

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Faucets will be dead if the pay is 1:1 lol. No faucets can survived paying those who claim. I still doubt that we can reach it though, even if we reached 20 millions mine already and in the circulating in the market.

R


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September 28, 2017, 03:01:29 AM
 #140

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.
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September 28, 2017, 05:33:18 AM
 #141

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.
In the start no one would have believed that one day bitcoin will be more valuable than dollar and also that it would surpass the price of gold but it did! So it is possible for bitcoin to reach the price of $1 per satoshi all we have to do till then is hold our bitcoins and never fear in a bearish market as there are some people who fear while watching the bitcoin price fall and then sell their bitcoins.
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September 28, 2017, 10:40:51 AM
 #142

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.
yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub Smiley)))
however At that time I was a billionaire  Grin

Haha! If that's the case, I put all my time doing captchas Grin
The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.
In the start no one would have believed that one day bitcoin will be more valuable than dollar and also that it would surpass the price of gold but it did! So it is possible for bitcoin to reach the price of $1 per satoshi all we have to do till then is hold our bitcoins and never fear in a bearish market as there are some people who fear while watching the bitcoin price fall and then sell their bitcoins.
I also think the same way to you. Satoshi value as $1 each will be a big thing and that will help a lot of us. I also believe that it will get better and better in the following years to come someday. It is not only a promising currency but it also gives us hope to continue make a living that is aligned with bitcoin. The world of cryptocurrency is getting bolder and bigger for us bitcoiners as well as investors.
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September 28, 2017, 05:34:08 PM
 #143

I think that pricing is just way too much for the world market to handle. It all depends on the situation if dollars value do fall and if the only way for it to strive is to convert it to Satoshi amounting to 1 Satoshi to $1. For me the idea is a bit too far fetched from today's standpoint. Anyways, we will find that out in a couple of years to come.

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September 28, 2017, 06:24:51 PM
 #144

I don’t think it well happen with 50 years. If its well happen 1 satoshi = 1$ im well be milliner in my country  Tongue Tongue
But I hope price will increase more. Maybe 1000 satoshi = 1 dollars its true happen in the next few years maybe the year of 2019 to 2020
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September 28, 2017, 06:43:43 PM
 #145

If 1 Satoshi were worth $1 USD then the Bitcoin market cap would be: 1,659,228,700,000,000.

That my friends is 1.659 quadrillion dollars, which is roughly 20 times the amount of cash money (all currencies) in the WORLD!  Its also about 24 times the amount of all value in the entire worlds stock markets.

Needless to say, I don't think we will see Satoshi's being worth the equivalent of $1 in our lifetimes.

Reference:  http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18
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September 28, 2017, 11:56:16 PM
 #146

If 1 Satoshi were worth $1 USD then the Bitcoin market cap would be: 1,659,228,700,000,000.

That my friends is 1.659 quadrillion dollars, which is roughly 20 times the amount of cash money (all currencies) in the WORLD!  Its also about 24 times the amount of all value in the entire worlds stock markets.

Needless to say, I don't think we will see Satoshi's being worth the equivalent of $1 in our lifetimes.

Reference:  http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

This is proving that it never exists in the life. So we're still good with low value satoshis, in total the bitcoin is valuable and so. That extreme numbers are not neccessary for us.
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September 30, 2017, 11:53:35 AM
 #147

We'll see it after 2020 - and not before a couple...of hundreds of years  Cheesy

Even if everyone here would enjoy it, it wont've be soon - and quite impossible in a short time.

In that case however we could have another problem: how to pay something less than 1$ with CCs ?!

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September 30, 2017, 01:26:57 PM
 #148

We'll see it after 2020 - and not before a couple...of hundreds of years  Cheesy

Even if everyone here would enjoy it, it wont've be soon - and quite impossible in a short time.

In that case however we could have another problem: how to pay something less than 1$ with CCs ?!
Yes, the price of bitcoin will grow much higher. When such a situation prevails we'll get to reach the value of a single Satoshi equaling to $1. The price growth is assured, because the users coming into bitcoin usage is increasing without much deviation in the chart.

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October 04, 2017, 09:22:40 PM
 #149

No it will never happen, just one reason. if 1 satoshi worth 1 usd then how much transaction fee should we pay? and if it does happen, of course, the rich are bitcoin miners, not bitcoin users or bitcoin holders.

That is not really a reason do you think people are going to care about paying a huge fee for bitcoin when they are basically millionaires, that is not going to happen because the money needed for that to happen is simply too big and that could lead to a serious misallocation of resources in which there is a big bubble in bitcoin and not enough money elsewhere.
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October 05, 2017, 08:44:55 AM
 #150

Btc can increase upto 10000$ in a couple of years but ,1satoshi=$1  is over optimistic. That is certainly not going to happen. If that happen what will be transaction charge if some one want to transact 100 satoshi=100$ ?

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October 05, 2017, 09:04:45 AM
 #151

No it will never happen, just one reason. if 1 satoshi worth 1 usd then how much transaction fee should we pay? and if it does happen, of course, the rich are bitcoin miners, not bitcoin users or bitcoin holders.

That is not really a reason do you think people are going to care about paying a huge fee for bitcoin when they are basically millionaires, that is not going to happen because the money needed for that to happen is simply too big and that could lead to a serious misallocation of resources in which there is a big bubble in bitcoin and not enough money elsewhere.
You must have forgotten the reason of why satoshi create bitcoin, it's for financial freedom and currency, and what type of currency requiring the spender to pay the damn fees about $20,000 dollars?
It just doesn't make sense if you say that they won't care if they are millionare at that time, but how about newcomers?

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October 05, 2017, 09:45:28 AM
 #152

Btc can increase upto 10000$ in a couple of years but ,1satoshi=$1  is over optimistic. That is certainly not going to happen. If that happen what will be transaction charge if some one want to transact 100 satoshi=100$ ?

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
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October 05, 2017, 10:00:06 AM
 #153

1 satoshi = 1 dollar ?
=> Wow, look at the price of a transaction then !

=> Maybe I'll use faucet a little bit more :p
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October 06, 2017, 08:46:00 AM
 #154

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
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October 06, 2017, 09:51:32 AM
 #155

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.

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October 06, 2017, 06:02:04 PM
 #156

I think that pricing is just way too much for the world market to handle. It all depends on the situation if dollars value do fall and if the only way for it to strive is to convert it to Satoshi amounting to 1 Satoshi to $1. For me the idea is a bit too far fetched from today's standpoint. Anyways, we will find that out in a couple of years to come.
Find out in a couple of years to come? I do not see the possibility of that even in the next 50 years. At that rate, do you know what the market cap would be like? It would be huge and by then it would not have just been a threat to the dollar but probably chancing it already. Grin

Nothing is impossible for sure but this one just seems a pretty too much for the head to absorb its possiblity at least not in a short while.

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October 07, 2017, 04:53:42 AM
 #157

It seems it still takes a long time to reach 1 satoshi = $ 1, especially now many countries are banned bitcoin, if the user continues to increase like this year then for 10 years will be achieved.


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October 07, 2017, 10:00:30 AM
 #158

There is still a lot of work to do, for example is the higher transaction fee that makes the user divert to altcoin, I think ideally the price of 1 satoshi is $ 1 so bitcoin will be greatly calculated.


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October 07, 2017, 02:11:24 PM
 #159

It seems it still takes a long time to reach 1 satoshi = $ 1, especially now many countries are banned bitcoin, if the user continues to increase like this year then for 10 years will be achieved.
Anything could happen, a year ago the bitcoin price was under $ 1000 and almost everyone and bitcoin users only predicted that the price would go up no more than 30%, but in fact the price went up more than 400%, and now the price is around $ 4350 and it seems like it takes around 5 year if the upward trend of 400% continues.


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October 07, 2017, 03:55:53 PM
 #160

1 satoshi = 1 dollar ?
=> Wow, look at the price of a transaction then !

=> Maybe I'll use faucet a little bit more :p

Faucets will stop existing far before 1 satoshi reaches 1 usd, unless they offer their users fractions of satoshi as rewards.
Unless 1 usd is worth hardly anything in the future, we won't see 1BTC=100 millions usd.

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October 07, 2017, 06:07:11 PM
 #161

No it will never happen, just one reason. if 1 satoshi worth 1 usd then how much transaction fee should we pay? and if it does happen, of course, the rich are bitcoin miners, not bitcoin users or bitcoin holders.

That is not really a reason do you think people are going to care about paying a huge fee for bitcoin when they are basically millionaires, that is not going to happen because the money needed for that to happen is simply too big and that could lead to a serious misallocation of resources in which there is a big bubble in bitcoin and not enough money elsewhere.
You must have forgotten the reason of why satoshi create bitcoin, it's for financial freedom and currency, and what type of currency requiring the spender to pay the damn fees about $20,000 dollars?
It just doesn't make sense if you say that they won't care if they are millionare at that time, but how about newcomers?
I said that the scenario is unrealistic to begin with, if 1 satoshi was equal to 1 dollar then there are two possibilities, either the dollar is not worth as much as it is right now due to inflation, or bitcoin became very valuable, if the first scenario is the correct on then a fee of 20000 dollars may be the equivalent of a few dollars today, and if the second scenario is the correct one then we will need to create a smaller unit than the satoshi.
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October 07, 2017, 06:09:32 PM
 #162

hahahah one btc = 100 million dollars, omg , i have never read something so ridiculous like this, first, a lot of people were saying that the price was going to be $50k, then $100k, then 1 million, and now 100 million dollars? omg, so then lets just go all claim faucets! we are going to be multi-millionaires in a few years!
I appreciate that you are so optimist, but not like this.. You need to face the reality, bitcoin at that price is just an illution.

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October 09, 2017, 12:12:24 AM
 #163

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.
100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.
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October 09, 2017, 05:28:23 AM
 #164

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.
100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.

Agree, I can not to wait for the price of $ 1 = 1 satoshi, I hope to happen a maximum of 10 years, although it looks impossible but the price of $ 4500 nobody thought a year ago.
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October 09, 2017, 09:19:54 AM
 #165

if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.
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October 09, 2017, 10:39:18 AM
 #166

if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.
That's a good price if it is happen I also looking forward to that value of bitcoin in the market, I know it hard to achieve that goal of crypto currency. However I never leave to my mind the possibility that it will happen in the future. Otherwise due to good fluctuation of bitcoin in digital currency I believe that bitcoin reach that dream.
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October 09, 2017, 04:17:37 PM
 #167

if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.
That's a good price if it is happen I also looking forward to that value of bitcoin in the market, I know it hard to achieve that goal of crypto currency. However I never leave to my mind the possibility that it will happen in the future. Otherwise due to good fluctuation of bitcoin in digital currency I believe that bitcoin reach that dream.

Yes, we can only wait for 100k price is reached, and while waiting for 100k price to happen then we still have a chance to invest bitcoin because current price is very cheap.

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October 09, 2017, 05:33:43 PM
 #168

What ? 1 satoshi price is $1 is very impossible to happen in real life because if that the price of bitcoin its 100 million dollars and that very unreality price of a coin. Maybe the price of bitcoin after few years is 100k dollars even that the chances to happen is less only . Because for me the highest price of bitcoin is 50k dollars and its good for me to see that price to earn more profit in the future.
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October 09, 2017, 05:37:08 PM
 #169

What ? 1 satoshi price is $1 is very impossible to happen in real life because if that the price of bitcoin its 100 million dollars and that very unreality price of a coin. Maybe the price of bitcoin after few years is 100k dollars even that the chances to happen is less only . Because for me the highest price of bitcoin is 50k dollars and its good for me to see that price to earn more profit in the future.
It is really unrealistic assumption or prediction on bitcoins price because it is really too much to consider and thinking off that 1 bitcoin holders or even 0.01 bitcoin holders would be considered as millionaires,right? Sounds good but this thing would only happen in our dreams but not on the physical world.We wont really reach up on this kind of situation and aim sure on that 10000000%.

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October 09, 2017, 05:40:05 PM
 #170

Could be real, but we will dead, our rich children will be happy Smiley

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October 16, 2017, 05:17:45 PM
 #171

Could be real, but we will dead, our rich children will be happy Smiley
c'mon, be more optimistic!
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October 16, 2017, 06:07:04 PM
 #172

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?
Sometimes I do regret selling my coins cheap this year. Satoshi getting to $1 will make many of us millionaires.  Bitcoin has out perform every other illiquid assets this year and we are still going up. I have joined this great technology though very late but I know that I will be among the millionaireso in bitcoin. We should developed our skills in a way that we can make more bitcoin and became rich without the help of our governments
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October 16, 2017, 07:22:26 PM
 #173

bitcoin is not born to make you rich
it's just a good site effect
it happen only because it's adopted by more and more people.
and when one day that will stop, Bitcoin will still be a good technology and a way to make payments. It will be widely adopted and used despite it's price in the future.
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October 16, 2017, 07:32:43 PM
 #174

My personal target is 1 satoshi = 1 Cent thsi will be fair enough . We don't want to destroy USD or any other currencies lol Smiley
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October 17, 2017, 07:10:57 PM
 #175

I'd be one of the richest and might just buy the whole village house where I'm from. If this happens I've going to buy the houses of my neighbors who condemned me and will burn their houses to the ground after paying. I can see myself riding a huge monster truck too.  Grin
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October 17, 2017, 07:29:29 PM
 #176

I'd be one of the richest and might just buy the whole village house where I'm from. If this happens I've going to buy the houses of my neighbors who condemned me and will burn their houses to the ground after paying. I can see myself riding a huge monster truck too.  Grin

The problem is they'll be awfully rich too just by having their 0.01 of a BTC! $1 for 1 satoshi could only ever happen if the dollar completely went to ruin and wasn't worth anything, most of the time when that happens to a currency it's due to hyper inflation
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October 17, 2017, 07:38:14 PM
 #177

I'd be one of the richest and might just buy the whole village house where I'm from. If this happens I've going to buy the houses of my neighbors who condemned me and will burn their houses to the ground after paying. I can see myself riding a huge monster truck too.  Grin

Real estate investment lol. You can invest in trading that can give profit than real estate because money rotation will be in your hand and as price rises you earning will increases gradually. in the time you face the dump, if you buy more coins means all time you will be winner in the trading.
According to my personal opinion it will take decades to see the op's expected amount.

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October 23, 2017, 08:31:06 PM
 #178

1 satoshi to $1 is like dreaming. But maybe yes , when 1 portion pizza worth a $5K portion in the future. I am always grateful for the value bitcoin at the moment. Being $10K is a very precious blessing for my life.

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October 23, 2017, 09:04:17 PM
 #179

My personal target is 1 satoshi = 1 Cent thsi will be fair enough . We don't want to destroy USD or any other currencies lol Smiley
don't we?
May I ask why? Fiat currencies are flawed by design, they are nothing but pure delusion based on empty promises. Spiral of debt is the weapon of the current economy.
The sooner fiat system will fall the better - do you really want to support parasitocracy of central banks, lesser financial institutions and feed the system?
Jamie Dimon is already afraid to the bone. He knows that days of banks superiority will soon be over.
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October 24, 2017, 05:46:20 AM
 #180

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.
100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.

Agree, I can not to wait for the price of $ 1 = 1 satoshi, I hope to happen a maximum of 10 years, although it looks impossible but the price of $ 4500 nobody thought a year ago.
10 years? Are you kidding me? Never, that future never happen even Bitcoin still survive after 1 century. You must to know the total supply coin of Bitcoin. 21 million Bitcoin, if I calculate to satoshi, I can not imagine this number, because 1 Bitcoin = 100,000,000 satoshi = 100 million dollars if 1 satoshi = 1 $, it is unreasonable.
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October 24, 2017, 03:28:54 PM
 #181

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy
Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.
100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.

Agree, I can not to wait for the price of $ 1 = 1 satoshi, I hope to happen a maximum of 10 years, although it looks impossible but the price of $ 4500 nobody thought a year ago.
10 years? Are you kidding me? Never, that future never happen even Bitcoin still survive after 1 century. You must to know the total supply coin of Bitcoin. 21 million Bitcoin, if I calculate to satoshi, I can not imagine this number, because 1 Bitcoin = 100,000,000 satoshi = 100 million dollars if 1 satoshi = 1 $, it is unreasonable.

It sound impossible comparing the idea to today's price of bitcoin, but if we look at it general $1 for satoshi seem quite resonably, but it also implicates that no one should ever have a full bitcoin. As fiat money often has a denomination of it's value, maybe something like this can happen in the future assuming bitcoin is used widely in the whole world. Also as the transaction fee stays in a way fixed and the price is still raising, some adjustment in perceiving of bitcoin value has to be made, as one day a fee of only 0.0001btc can be a fortune or at least too much for such transaction or for example paying someone 0.00001 for a service doesn't seem convenient.
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October 25, 2017, 07:30:34 AM
 #182

My personal target is 1 satoshi = 1 Cent thsi will be fair enough . We don't want to destroy USD or any other currencies lol Smiley
don't we?
Jamie Dimon is already afraid to the bone. He knows that days of banks superiority will soon be over.
hope so, but... I think it's in a human nature to look for someone to ask for a credit for a car, a house, a boat... that will not go away that easy.
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October 25, 2017, 07:43:26 AM
 #183

My personal target is 1 satoshi = 1 Cent thsi will be fair enough . We don't want to destroy USD or any other currencies lol Smiley
don't we?
Jamie Dimon is already afraid to the bone. He knows that days of banks superiority will soon be over.
hope so, but... I think it's in a human nature to look for someone to ask for a credit for a car, a house, a boat... that will not go away that easy.
The superiority of the banking system might get over to some extent. This won't continue with all the services rendered from banks. Without the support of the banks, now lots of people could have not made anything big in their lives. Just upon the financial support in terms of loans and other forms had made life more beautiful though they charge us big.
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October 25, 2017, 05:12:23 PM
 #184

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?
I think it is possible that the code needs to be changed to accommodate smaller units than the satoshi in the future, however it is going to be impossible that a single satoshi reaches the price of 1 dollar that is simply too much bitcoin will be worth 100 million dollars for that to happen and I do not think there is enough dollars in the world to make that price a reality.
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October 25, 2017, 05:33:14 PM
 #185

Those dead coins will probably be resurrected if 1 satoshi becomes a $1 each and those developers who suddenly being it alive will be rich! So before this happen, why don't you guys develop your own token right now and be rich in the future.  I might just buy a dead coin and starts to develop it right now.
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October 25, 2017, 05:37:04 PM
 #186

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?

it is hard to say 1 Sat will == 1$ because this mean you need about 200$ to send BTC .


price increase so hold & trading Best thing to do
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November 10, 2017, 06:39:46 PM
 #187

it is hard to say 1 Sat will == 1$ because this mean you need about 200$ to send BTC .
but the price of 1 BTC will be one hundred million dollars, so it will be OK to spend $200 to send that amount of money! Cheesy
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April 23, 2018, 09:46:52 PM
Last edit: April 24, 2018, 11:28:22 AM by luca1073
 #188

I had a dream last night. That 1 kg of apples was 200 satoshi that is likely to happen. 200 cents (2 $)/kg of apples eheh

1 satoshi/1 us cent is possible

1 satoshi /1 us $ only possible if us dollar collapses and then people wouldn't even convert the value anymore. Trump or somebody like him may help the process lol

There was a 100 trillion zimbabwean note (i have it) i paid 6$ on ebay for my collection. Now its worth 100$ ahaha
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May 06, 2018, 08:57:04 AM
 #189

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible.
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May 06, 2018, 12:52:16 PM
 #190

it is hard to say 1 Sat will == 1$ because this mean you need about 200$ to send BTC .
but the price of 1 BTC will be one hundred million dollars, so it will be OK to spend $200 to send that amount of money! Cheesy

Lol that's blowing it waaaaaay out of proportion though. I keep saying that we can't really be sure about anything but in here i'm making an exception haha. 1dollar per satoshi is not realistic at all :p

 
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May 06, 2018, 01:46:09 PM
 #191

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible.

I think 1 satoshi can't be equal to $1. If you ask my personal opinion, 1 satoshi can be equal to 1 dollar cent. In this case, bitcoin would be the most efficient investment method in the world. The price becomes million dollars in this case.
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April 26, 2019, 02:35:08 PM
 #192

it is hard to say 1 Sat will == 1$ because this mean you need about 200$ to send BTC .

Seems unlikely. The Lightning-Network already applies Milli-Satoshis (msat). A thousandth of a satoshi. They are rounded to the nearest Satoshi when a channel is closed. Correct me, but AFAIK until then many transactions can happen between two parties.

However, 1 Sat == 1$ would mean that all BTC are worth roughly 21 * 10^6 * 10^8 =~ trillions of dollars. How can this ever become true? And what would a dollar be worth then? At least the price of Lambos will go through the roof...  Grin

IMHO the Dollar and the Euro (and thus all other currencies) will already begin to tumble when 1 BTC comes close to 100.000 $.

Then currencies slowly will become... something else. Like so many I believe currencies in the present shape have no future. For me it is a dangerous perversion of the current monetary system, that individuals can own hundreds of millions, and do nothing useful with it, while so many people cannot pay for medicine, rent or healthy food.

I think that if you are crypto-rich in the future, whether you like it or not, you will have to take responsibility for the society and the environment you live in. In other words, take your cryptos, bring the right people together, take those sick Dollars and Euros out of the equation and people will do wonders. I strongly believe that. Anything that has gone wrong on this planet can be healed on this planet, isn't it so?

In short, who wants to live in a world where dollars and euros are still dominant and 1 Sat == 1 $?
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April 26, 2019, 03:43:12 PM
 #193

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible.
If God really want to bless us I think that is what he should and we the holders which is not up 20% of the world population will became rich over night.  I think op is speaking from the future and I also believe that a time will come when some of us here will be a millionaire in our local currency if we keep holding.
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April 26, 2019, 04:14:35 PM
 #194

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible.
If God really want to bless us I think that is what he should and we the holders which is not up 20% of the world population will became rich over night.  I think op is speaking from the future and I also believe that a time will come when some of us here will be a millionaire in our local currency if we keep holding.
Majority of the users will be termed to be millionaires, just for assets that make the portfolio for long as well short term profiting. As the supply gets limited every four year with continued adoption and increase in the marketplace acceptance of bitcoin we'll see a drastic growth in the userbase which might increase the price of single satoshi to be $1.

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April 26, 2019, 11:54:02 PM
 #195

Well i think this can happen over long time but not now, we need a lot of money on crypto market to this because then the price of bitcoin should be 1.000.000.000$.
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April 27, 2019, 12:06:03 AM
 #196

I think that all the money in the world could hardly cover the necessary capital for each satoshi to be worth a dollar, even more taking into account that there is no forecast in which a single bitcoin can be worth 100 million. In fact, there are fewer and fewer analysts who believe that bitcoin will one day even approach the barrier of one million dollars.

But if this happens some day, I would feel very satisfied if the value of each satoshi were a penny of a dollar, because that would compensate the great efforts that many newbies have made to accumulate some satoshis in faucets or bounties.

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April 27, 2019, 03:03:17 AM
 #197

Well i think this can happen over long time but not now, we need a lot of money on crypto market to this because then the price of bitcoin should be 1.000.000.000$.
it is true that the price of bitcoin can be very expensive but from the target you mentioned I think it is too high because currently the demand from bitcoin is not too much so the price of bitcoin $ 1,000,000,000 is too heavy and impossible
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April 27, 2019, 06:59:59 AM
 #198

Those dead coins will probably be resurrected if 1 satoshi becomes a $1 each and those developers who suddenly being it alive will be rich! So before this happen, why don't you guys develop your own token right now and be rich in the future.  I might just buy a dead coin and starts to develop it right now.

You need to understand that once 1 satoshi is equal to 1 Dollar, the market cap of whole the crypto will be very high. Maybe it is just not imaginable now and all the good alts be wroth hundred / thousands of dollars. By the way, this scenario is far away now and we have to see many ups and downs before we see this phase of bitcoin value.

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April 27, 2019, 10:08:37 AM
 #199

Those dead coins will probably be resurrected if 1 satoshi becomes a $1 each and those developers who suddenly being it alive will be rich!

dead coins are already dead because they are already de listed on an online exchange but those weak coins that are still listed on an online exchange will still have a chance to become strong if ever the price of bitcoin will also increase because we all know that bitcoins controlls anything  .

So before this happen, why don't you guys develop your own token right now and be rich in the future.  

its not easy to create a coin and not all people do have the ability to create it but if ever you already have your own coin , do you think your coin can get instant demand ?  no meyt  . you still need to do alot of promotions before your coin gets notice  .
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April 27, 2019, 11:11:56 AM
 #200

It may possible to make that happen even though these days and recently months passed bitcoin quite low, but  I believe it will recover soon. As we know bitcoin is unpredictable so, while bitcoin now is stil in low price, I think its better to buy more these day.

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April 27, 2019, 11:38:06 AM
 #201

It may possible to make that happen even though these days and recently months passed bitcoin quite low, but  I believe it will recover soon. As we know bitcoin is unpredictable so, while bitcoin now is stil in low price, I think its better to buy more these day.
So it means for you that  each satoshi will become $1 each in the future? Bitcoin now are doing great again and we expect price increase more next few months. Buying bitcoin is one of the best do of the user of the crypto because they help community and they help they self to earn money.
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April 27, 2019, 12:01:16 PM
 #202

I have no doubt it will happen in the future, provided bitcoin will continues its success on growing its adoption.
The supply is only limited but the demand will continue to increase so it's obvious that price will follow as well, 1 Satoshi  = $1 is good, we will forget the word BTC that time as we BTC refers to millions or hundred thousand of dollars then.

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April 27, 2019, 02:01:31 PM
 #203

1 Sat = $1 means an exchange rate of 100 million USD per bitcoin. That is something which is very unfeasible, under any circumstance. Right now, the total world wealth is estimated at around $300 trillion. In case the exchange rate rises to $100 million, then the wealth from Bitcoin alone will be 7 times the total world wealth.
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April 27, 2019, 02:35:51 PM
 #204

This is practically impossible.
I mean this can happen but it will take ages.
I can clearly say that it will take too many ages or also completely impossible.
The reason for which i am saying this is that,  the current marketcap of Bitcoin. You can clearly estimate the value on the basis of this.
Moreover the price of Bitcoin also fluctuating a lot.
So therfore forgot about 1 satoshi getting 1$.

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April 27, 2019, 03:26:36 PM
 #205

If 1 satoshi price $1, it will speed someone up rich. Just 10mBTC 1Msatoshi will probably be $1M and a scheme like that makes it easy for us calculate changes to US dollars, you think there is a truth in collecting satoshi and HODL will make someone rich it takes decades to come and that too if BTC is still popular.

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April 27, 2019, 04:10:10 PM
 #206

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?
$1 per satoshi? Not going to happen. At least not now. You will have to wait for decades. In the future where crypto currencies become the main stream currency where people use it in their everyday life, then the demand of crypto currencies might increase which in turn may make the price of crypto currency go crazy. And yeah, if that happens, we might also start making fractions of satoshi for our ease of use and benefits.

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April 27, 2019, 04:40:40 PM
 #207

If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.
Well two years after this post still the Holding strategy is still in progress and the most spoken words to the whole forum(wondering why lol)
But basically 1 Satoshi =1$ is nearly coming to happen as bitcoin had reach almost $20,000 in that same year of posting this..
Anyway i will be very happy seeing this to happen as for sure i will become a million dollar man in an instant
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April 30, 2019, 01:59:55 PM
 #208

I think there is no way that is possible because that looks a highly manipulated price because not every country would have a high demand on bitcoin and don't you forget that altcoins are also going to get the piece of the pie. The altcoins are going to take huge marketcap too so even btc having the price of $1m is just going to be a dream.
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April 30, 2019, 02:45:41 PM
 #209

I think there is no way that is possible because that looks a highly manipulated price because not every country would have a high demand on bitcoin and don't you forget that altcoins are also going to get the piece of the pie. The altcoins are going to take huge marketcap too so even btc having the price of $1m is just going to be a dream.
It can be possible if all the people around the world recognize this as currency, imagine how many people will desire to own bitcoin and how it will be lifted up by doing that, bitcoin always surprises everyone so who knows if this can happen after some years of existence, better to watch and wait if everything will just be fine while adoptions still taking place.

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April 30, 2019, 02:58:31 PM
 #210

1 Sat = $1 means an exchange rate of 100 million USD per bitcoin. That is something which is very unfeasible, under any circumstance. Right now, the total world wealth is estimated at around $300 trillion. In case the exchange rate rises to $100 million, then the wealth from Bitcoin alone will be 7 times the total world wealth.

Haha, thanks for laying out these numbers for the newbies.  OP asked a ridiculous question.  At most and I'm talking very far in the future, I could maybe see 1 satoshi being worth 1/10th of a penny.
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May 01, 2019, 10:48:11 AM
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It may possible to make that happen even though these days and recently months passed bitcoin quite low, but  I believe it will recover soon. As we know bitcoin is unpredictable so, while bitcoin now is stil in low price, I think its better to buy more these day.
So it means for you that  each satoshi will become $1 each in the future? Bitcoin now are doing great again and we expect price increase more next few months. Buying bitcoin is one of the best do of the user of the crypto because they help community and they help they self to earn money.
if 1 satoshi costs 1 dollar, that means 1 bitcoin is worth 100 million dolars. bitcoin will be the most expensive online commodity in the world, and that is impossible for me. even though throughout the world using bitcoin though, the price will not be that high, we are optimistic but not over dreaming
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