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Author Topic: Price of a "Satoshi" in the future?  (Read 494 times)
The Sceptical Chymist
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June 22, 2020, 12:13:40 AM
 #21

I can predict with a high degree of certainty that 1 satoshi will be worth 0.00000001 BTC for the foreseeable future. We don't talk about the value of 1 US cent in euros, so I don't think it makes sense to talk about the value of 1 satoshi as if it was a separate entity.
While I can't argue with that logic, I would point out that goods and services are not priced in terms of bitcoin....and thus if you're considering the value, the purchasing power, of a given number of satoshis you have to know what a bitcoin is worth in terms of fiat currency.  I'm pretty sure everyone knows this, whether they've taken the time to actually think about it or not.

If Bitcoin continues to appreciate in value with every halving
There's no guarantee that's going to be the case by any means.  There doesn't even seem to be a consensus as to how bitcoin's price is affected by halvings, so I wouldn't assume there's always going to be a bump with every one of them.  People could very well just lose interest in bitcoin, in which case it's not going to matter what the mining difficulty is--I don't think that's going to happen, but it could.

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June 22, 2020, 07:12:35 AM
 #22

If Bitcoin continues to appreciate in value with every halving
There's no guarantee that's going to be the case by any means.  There doesn't even seem to be a consensus as to how bitcoin's price is affected by halvings, so I wouldn't assume there's always going to be a bump with every one of them.  People could very well just lose interest in bitcoin, in which case it's not going to matter what the mining difficulty is--I don't think that's going to happen, but it could.
Theoretically, each halving should have diminishing returns given that the change is in the rate of inflation rather than a drop in total supply anyway. From 100% to 50% is pretty big, but from 50% to 25% and so on means that you should be a lessened impact with each step of the exponential decay.

After all, when the mining reward goes from 2 satoshi to 1 satoshi, are you seriously going to say that the price of Bitcoin should double regardless of the circulation? Smiley
While I can't argue with that logic, I would point out that goods and services are not priced in terms of bitcoin....and thus if you're considering the value, the purchasing power, of a given number of satoshis you have to know what a bitcoin is worth in terms of fiat currency.
If you want to get real pedantic then it could be argued that we needn't use any status quo object for evaluating the value of given items, especially given shifting values depending on environment, both physical and mental, physically and internally.

Though, I'm not going to tell you that the next time you're buying bread from the shop to pay them in the ratio of 45/3 donuts per quarter inch screw.

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June 22, 2020, 09:36:36 PM
 #23

If Bitcoin continues to appreciate in value with every halving, while it scales according to demand in the mainstream world, we might be dealing with "satoshis" instead of Bitcoins in the future. Imagine Bitcoin's price going all the way to $1 million in the long term. It may be possible that 1 Satoshi will be equal to $0.01 USD if that happens. With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated. Smiley
1 satoshi has a price I have been very grateful, meaning the sign Bitcoin is still valuable, imagine if satoshi has no price at all, be thankful even though Bitcoin is still at the level of $ 9000, if the price of Bitcoin at the level of $ 100000 in the next few years, Satoshi will be very valuable  Grin

Satoshi might be valuable, but I don't see it being relevant any time soon, as long as everyone is getting used to bitcoin it will most likely be ignored since no one pays attention to small things these days and bitcoin has created a name for itself in the industry. On the other hand people will call anything their highest possible and most common call on something rather than using a term for smaller value (e.g. 0.98 Gigabyte, 0.003m) and the coin in cryptocurrencies are essential hence calling it satoshi would confuse new comers.



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June 22, 2020, 10:09:58 PM
 #24

For a Satoshi to be worth a cent, BTC needs to cross a million dollar milestone in terms of USD. For that to happen, I still see many more years to be passed (maybe I won't be living till then) but yeah, possibilities are countless for this. However, if 1 BTC = 1 BTC any time during your whole life, then 1 Satoshi will always be 1 Satoshi only no matter the cost you need to pay for it in USD.

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June 23, 2020, 05:38:02 AM
 #25

If Bitcoin continues to appreciate in value with every halving, while it scales according to demand in the mainstream world, we might be dealing with "satoshis" instead of Bitcoins in the future. Imagine Bitcoin's price going all the way to $1 million in the long term. It may be possible that 1 Satoshi will be equal to $0.01 USD if that happens. With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated. Smiley
1 satoshi has a price I have been very grateful, meaning the sign Bitcoin is still valuable, imagine if satoshi has no price at all, be thankful even though Bitcoin is still at the level of $ 9000, if the price of Bitcoin at the level of $ 100000 in the next few years, Satoshi will be very valuable  Grin
Until bitcoin price can reach more than $100k or more, 1 satoshi will be worth it. But if the bitcoin price is still like what we see now, 1 satoshi will not worth enough. But if we get a profit 10k satoshi, then it is worth to save it, and we can try to make more and more 10k satoshi in many ways. The bitcoin price itself will get high in the future, and I am sure that many people are waiting for that, and they still try to make more profit in bitcoin and save it from now on.

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June 23, 2020, 08:01:28 AM
 #26

If Bitcoin continues to appreciate in value with every halving, while it scales according to demand in the mainstream world, we might be dealing with "satoshis" instead of Bitcoins in the future. Imagine Bitcoin's price going all the way to $1 million in the long term. It may be possible that 1 Satoshi will be equal to $0.01 USD if that happens. With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated. Smiley
in fact, I share your point of view, especially considering the fact that in a certain future Bitcoin can be used as a means of payment in a person’s daily life. Satoshi will be the currency that a person can pay in a store for bread and coffee in a cafe.
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June 23, 2020, 10:59:05 PM
 #27

I would love to see 1 satoshi to be equal to 1usd someday but thinking that USD is ever inflationary currency, there is a huge possibility that USD by that time will be equal to the 100 times less of its current buying power but then I am ok with it since we have plenty of time to accumulate BTC before that time come and let our grand-grandchildren to enjoy the fruit of our patience and perseverance.
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June 25, 2020, 06:28:22 PM
 #28

I can predict with a high degree of certainty that 1 satoshi will be worth 0.00000001 BTC for the foreseeable future. We don't talk about the value of 1 US cent in euros, so I don't think it makes sense to talk about the value of 1 satoshi as if it was a separate entity.

I see what you mean. After all, 1 Bitcoin will always be equal to 1 Bitcoin no matter what. It's all about utility instead of speculating crypto's price/value in terms of Fiat. But since many people view Bitcoin to be an investment tool, it doesn't hurt good to speculate what its price will be in the future. Gold and other precious metals are also valued in terms of Fiat. Some are much more expensive than others, but they're also speculative like Bitcoin is today. When you have 1 oz. of Gold, you're confident that it'll be that way for the foreseeable future. What changes is its price on the market in terms of Fiat. In these times of need, Gold has risen a bit in terms of USD, while Bitcoin has recovered to its pre-COVID prices on the market (sort of).

If Bitcoin gains massive mainstream adoption due to the collapse of the traditional monetary system, 1 satoshi could be well worth 1 cent in terms of USD in the future. There's no denying that purchasing power decreases on a currency that's experiencing constant inflation. This effect would turn out to be positive for Bitcoin "hodlers" as they gain greater purchasing power due to decaying Fiat. In other words, the more banks debase Fiat, the better it'll be for the long-term price of Bitcoin on the market.

But first thing's first. People would need to use the Lightning Network more thoroughly, in order to reduce the burden on the main Bitcoin blockchain. When prices reach exorbitant levels, it'll be possible to use units of a Bitcoin (in a form of satoshis) for the decentralized economy. Otherwise, paying cents in a form of 1 satoshi on the main Blockchain network, will not be feasible.


I'd rather expect 1 satoshi to be worth $ 0.1, and it's truly a wonderful day if it happens,
even though many experts say that Bitcoin is a bubble, but I think it still has the power to be a useful investment

For a satoshi to be worth $0.10, Bitcoin needs to reach a price of approximately $10 million USD. I think that's insane since Bitcoin's supply is not very limited. For 21 million coins that will ever be mined, I think $1 million USD is a more realistic target. That means that 1 satoshi will get to be worth $0.01 cent (USD) in the future. No more than that. If it does get past $0.01 USD per satoshi, then Bitcoin would've been overvalued. But who knows? In this uncertain world of crypto, anything could happen. If you truly believe in Bitcoin, you would "hodl" it for the foreseeable future. Spending a little amount of coins, greatly contributes to the crypto economy. Just my opinion Smiley

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