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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5130 times)
The_Dark_Knight
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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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cocoinin
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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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cocoinin
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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.
ask
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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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EVERYONE IS A BANK
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fudster
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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

mrbnson
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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

ajqjjj
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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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cocoinin
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October 23, 2017, 06:37:09 PM
 #178

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?

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October 23, 2017, 08:31:06 PM
 #179

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
 #180

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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