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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5137 times)
quarkyplum
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October 24, 2017, 05:46:20 AM
 #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.

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tobs
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October 24, 2017, 03:28:54 PM
 #182

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
 #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.
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October 25, 2017, 07:43:26 AM
 #184

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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Silberman
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October 25, 2017, 05:12:23 PM
 #185

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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fudster
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October 25, 2017, 05:33:14 PM
 #186

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.

Maingtoled1958
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October 25, 2017, 05:37:04 PM
 #187

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
cocoinin
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November 10, 2017, 06:39:46 PM
 #188

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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