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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5144 times)
Bluestreet
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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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Izarok
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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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