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Author Topic: Price of 1 Satoshi rise to $1?  (Read 5242 times)
luxcoin
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August 24, 2017, 02:16:13 PM
 #41

Maybe in 30/40 years

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August 24, 2017, 02:30:24 PM
 #42

It is good to here if 1 satoshi is 1 dollar so if you go in the situation, a one satoshi is one dollar and in some faucet you can earn 26 satoshi in one captcha so 26 dollars in one captcha? So it is nice to hear and some people do captcha only.

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August 24, 2017, 02:40:02 PM
 #43

If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.

yeah im agree with this, if 1 satoshi 1$ so maybe there are mili satsohi and if we get 1 satoshi we will be happy like we get some 0.0001 right now hahahaha. but i think 1 saotshi cant be 1$, if 1 satoshi 1$ how about transfer fee? 0.0001 for transfer fee? hahaha

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August 24, 2017, 02:58:20 PM
 #44

Fiat wont be around to be able to measure it if it gets to that point
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August 24, 2017, 03:02:19 PM
 #45

If 1 Satoshi will be equivalent to 1$, I think the majority of us will be millionaire and rich. I would gladly pray for that to happen. Everybody will be happy and I will hold my Bitcoin starting from now on if possible. But I think that is still a long way to go. There is no assurance of that but with a high possibility maybe after 20 years.


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August 24, 2017, 03:05:36 PM
 #46

If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.

So you're saying 1 satoshi will be worth $1 in about 6 months?   Grin

But really, that is not a farfetched prediction in about 5 years. 
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August 24, 2017, 03:08:20 PM
 #47

This may happen due to demand. But, it may take some time ( Alot of time upto 10-15 years)  and the reputation of Bitcoin.
You write that as if 15 years is forever,  and a 400x rise is nothing.

Not gonna happen unless something goes seriously wrong in the
US, where the USD hyperinflates.  If thay becomes the case then
bitcoin will be the last thing I'm concerned about.
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August 24, 2017, 03:38:53 PM
 #48

I do not think 1 satoshi will be worth 1 USD. That is wayyyy tooo highhhh man.

Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..



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August 24, 2017, 03:52:51 PM
 #49

If this happens we are likely to become a millionaire.
But it's hard to imagine that all we have to do is store bitcoins / satoshi in that we have something to hide if this happens. That includes the big disaster we do not know what's going to happen so be prepared. But I think it's likely to happen.


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August 24, 2017, 03:54:18 PM
 #50

yeah the satoshi will be high into the moon
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August 24, 2017, 04:09:09 PM
 #51


-snipped
Use faucets,
-snipped

What do you think?

There are lots of things that can replace faucet milking.  At this point faucet is actually a waste of time.  Why would you spend the whole day milking faucet and getting an amount less than the transaction fee, while you can use your time to a more profitable activity, I agree with trading, freelancing to earn bitcoin.  Aside from that I felt that the price you think is quite an exaggeration.  Though I will be happy if that happen.

,


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August 24, 2017, 04:11:30 PM
 #52

It would take a very long time if it does happen. Or you might be dead before you ever see 1 BTC to be worth $5K.
I'd be able to buy a fishing boat of my own if that happen. But I probably won't wait for 1 satoshi to be $1, I'd rather trade and invest to tokens that grows faster than waiting.

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August 24, 2017, 04:19:35 PM
 #53

A much more likely scenario is one satoshi being worth a penny. In this case, one bitcoin would be worth $1 million. I assume for bitcoin to hit this high a price it would essentially have to become a global reserve currency, like the dollar, euro, yen, pound, etc.


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haroldtee
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August 24, 2017, 05:01:35 PM
 #54

I totally see the possibility of this one day. Thesame thing that happened back then that most faucets were giving out 1btc which is worth a lot now, is thesame way few sats will be worth a lot one day if not soon. So many countries, like Jamaica and Nigeria recently, are already endorsing bitcoin and creating awareness. If this goes on with so many other countries, then those of us now that feels 1BTC is too much to purchase will be thanking our stars, we have the little we could afford today.

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August 24, 2017, 06:57:33 PM
 #55

What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.

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August 25, 2017, 03:32:24 AM
 #56

What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.

This is a thread with one of the earliest version of BTC.
https://bitcointalk.org/index.php?topic=382374.0

Those lines are basically bitcoins and satoshis.
Change them and you can get 100 trillions satoshi in a btc instead of 100  millions as it is right now.

Denomination will happen a lot easier than with fiat. No need to print new coins and banknotes. Just a few lines code and hit update.

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August 25, 2017, 06:55:46 AM
 #57

I do not think 1 satoshi will be worth 1 USD. That is wayyyy tooo highhhh man.

Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..

There will be no time when all 21.000.000 will be available. No one know how many but some are already lost forever because people lost the private key or died. And when the last block is mined, even more Bitcoins will be "lost" forever. but I agree, even if there are only 15.000.000 Bitcoins are available in total, a price of $100.000.000 per coin is a bit ambitious.  Grin
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August 25, 2017, 07:33:31 AM
 #58

I don't know if this can ever happen but if it does people interested in cryptocurrencies would be all rich and owners of estates, means of production so on. It is like we would be ruled by crypto owners. Very different future ahead. Who knows?

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August 25, 2017, 07:35:09 AM
 #59

I think 1 satoshi will go as far becoming more than $1 before the end of 2018. Actually if I could find the hard disk for my old computer which I sold out I think I could have made over a billion dollars in my local currency because I could remember doing some micro jobs around 2009 that paid in bitcoin and because bitcoin has no value then I sold my computer without even not mind my bitcoin on that computer.

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August 25, 2017, 07:45:58 AM
 #60

If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.

This answers represent my ideas too.. He is right at all it is even how you prepared for anything you will never really know. So do it on your own risk.. And if that theory is 1$ a piece of satoshi will happen soon.. It can changed our lives the soonest..

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