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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5242 times)
ThatChange
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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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Lancusters
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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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The_Dark_Knight
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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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btcney
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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.

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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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player514
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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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