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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5247 times)
jackhdt
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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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investeerder
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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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phr0stbyt3
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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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mostkey
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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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TravelMug
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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.


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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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