1 satoshi = 1 US cent? In next 5 years? - page 2.

xhienigat

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Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

I see this happening but not for the span of 5 years though there are still a lot of things to consider before bitcoin can come that far but who knows right? All of us want that to happen so lets just wait for that time and let see if it will.

sicparvismagna

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We'll never until it happen only we can do is be prepare and whatever my occur it does reach that market value then should we just be grateful for it and if it not just accept the fact. But aside from the fact that many people are into bitcoin I think that bitcoin could go be that value you are referring to or in positive even higher.

jk_14

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Quote from: BillyBobZorton on September 16, 2017, 10:12:02 AM

Quote from: Vishnu.Reang on September 08, 2017, 01:46:35 PM

The chances are quite remote. And it will not happen definitely in the next 5 years. Because if 1 Satoshi becomes 1 cent, then the market capitalization will become close to $17 trillion. That would mean that the market cap of Bitcoin is almost three times that of gold. Also, at least 6% of the global wealth will be in the form of Bitcoins solely.

Gold is sitting at around $8 trillion right now after the pump so it would be double and a little bit more. Definitely very hard in the next decade, but it could happen in 2 decades once all the dump fiat money spread on countless useless bonds, stocks and commodities not to mention debt, could go to Bitcoin.

Liquid money is around 29$ trillion and stocks are around 70$ trillion, so total it's around $107 trillion.
It doesn't sound that hard to get $17 on bitcoin if you consider the big picture.

Stocks definitely aren't useless. However, the blockchain is so vastly superior to the traditional stock exchange that I can very easily see stocks being traded on the blockchain in the future. I mean, we're already seeing precursors of that right now with ICOs and similar fundraising mechanisms.

BillyBobZorton

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Quote from: Vishnu.Reang on September 08, 2017, 01:46:35 PM

The chances are quite remote. And it will not happen definitely in the next 5 years. Because if 1 Satoshi becomes 1 cent, then the market capitalization will become close to $17 trillion. That would mean that the market cap of Bitcoin is almost three times that of gold. Also, at least 6% of the global wealth will be in the form of Bitcoins solely.

Gold is sitting at around $8 trillion right now after the pump so it would be double and a little bit more. Definitely very hard in the next decade, but it could happen in 2 decades once all the dump fiat money spread on countless useless bonds, stocks and commodities not to mention debt, could go to Bitcoin.

Liquid money is around 29$ trillion and stocks are around 70$ trillion, so total it's around $107 trillion.
It doesn't sound that hard to get $17 on bitcoin if you consider the big picture.

drachman

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Quote from: Syke on September 08, 2017, 12:25:10 PM

Quote from: sjbi on September 07, 2017, 08:10:50 PM

Transaction fees should be adjusted with price, making a price of transaction constant. Miners too won't have any problem as their reward would be more predictable.

That would only make sense if the size of blocks was limited based on the value of the transactions. But it's not. Blocks are limited in the number of bytes, therefore fees are based on the number of bytes in the transaction.

This, many people complain about the fees they have to pay, the fees are not based on the amount of money you send but in the size of the transaction, you could send 100k and another person could send 5 dollars if the size of the transaction is the same and the satoshi/byte fee is the same too then both transactions are going to pay the same amount of bitcoin to the miners.

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Quote from: reflector on September 08, 2017, 12:35:34 PM

Quote from: illicit on September 08, 2017, 12:26:42 PM

Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

This would really be a great thing if this ever happens,
But lets just see anything could happen so maybe it could in the future lets just hope for it.

If that is possible to achieve in 5 years in the sense you can earn bitcoin via faucet also. That few satoshis you can earn in the faucet site will also help us and can get more in USD. As satoshi nakamota speculates bitcoin price will touch the 10K USD value in few years. Please hold the bitcoin whatever you earn in online.

Can you send me the source of news tell Satoshi Nakamoto speculates Bitcoin price will touch to $ 10,000? I remember Satoshi just said in future, Bitcoin community will grow more and we will see Bitcoin and Blockchain create a revolution in world's finance and economy .

Barbut

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Quote from: Farma on September 10, 2017, 12:19:10 PM

it's a high price for 1 satoshi, and I guess it's a little hard to accomplish in 5 years. You can easily get 1 satoshi on the faucet site. but that's not impossible, but I think it's very difficult.

For 2 years many things can happen and for 5 even more. Its not high price if you think that in next 3 years price will rise and then we will have halving, after every halving we can expect price to double itself so 25.000$ doesn't seems so much when you consider all the things that can happen in next 5 years.
I'm optimistic about price, and 1 satoshis to be 1 cent doesn't seems impossible in five years. Its a lot of time, when I think where bitcoin was when I joined and where is bitcoin now I feel that bitcoin can rise so much. And cause of that feeling I started to save some bitcoins for that time.

Farma

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it's a high price for 1 satoshi, and I guess it's a little hard to accomplish in 5 years. You can easily get 1 satoshi on the faucet site. but that's not impossible, but I think it's very difficult.

kolesozw

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Quote from: Pearls Before Swine on September 09, 2017, 06:54:31 PM

Quote from: Haladay on September 06, 2017, 03:54:07 PM

Wake up and be realistic as much as you can. Bitcoin can't be $500k

I don't know about that. I never expected bitcoin to get to $5000, and I was
pleasantly surprised when it did. BTC seems to be getting more mainstream attention,
which doesn't surprise me at all, given what a bull market it's in. If more people jump
on the bandwagon, that could inflate the price pretty damn high. $500K isn't
unrealistic, but I don't think 1 sat is going to be worth a penny anytime soon. But
I'd be happy to be wrong on that.

I think it's possible, but seems in 5-10 years span, not in just 2-4y.
For the moment Bitcoin is too volatile and it's make me nervous. Nobody expected to be $5000 but now it's at $4000 again.

Pearls Before Swine

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Quote from: Haladay on September 06, 2017, 03:54:07 PM

Wake up and be realistic as much as you can. Bitcoin can't be $500k

I don't know about that. I never expected bitcoin to get to $5000, and I was
pleasantly surprised when it did. BTC seems to be getting more mainstream attention,
which doesn't surprise me at all, given what a bull market it's in. If more people jump
on the bandwagon, that could inflate the price pretty damn high. $500K isn't
unrealistic, but I don't think 1 sat is going to be worth a penny anytime soon. But
I'd be happy to be wrong on that.

socks435

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Quote from: PokerDiceMan on September 09, 2017, 06:18:33 PM

is crazy price is true bitcoin price reach 1 satoshi = 1cent dolllar
this mean minimum fee 200 dollar(if minimum sending fee 20k dollar), and then bitcoin user still use bitcoin or not, still sending bitcoin or not if sending fee 200 dollar/one sending

Lol that was insane honestly maybe it can be fix in the future about the fee so i think we will see a new name of satoshi and declare 1 minisat in the future.. so the minisat is our fee. $200 usd is honestly insane just for paying a fee so they will be make some alternative way or reprogram again blockchain to ask less more fee..

PokerDiceMan

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is crazy price is true bitcoin price reach 1 satoshi = 1cent dolllar
this mean minimum fee 200 dollar(if minimum sending fee 20k dollar), and then bitcoin user still use bitcoin or not, still sending bitcoin or not if sending fee 200 dollar/one sending

drachman

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Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

Those guys do not know what they are talking about, the prediction of 25k in two years is too high already but to think that a bitcoin will be valued at a half a million dollars in just 5 years is ridiculous, that is not a prediction that is just a wish.

xuan87

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I think that number is too high, and to reach that number need very huge number of users and a lot of transactions, it is too early to be able to speculate that high, as we can see there are still so many problems that happened recently, it shows that there are so many challenges that need to solved by Bitcoin and there are still a lot of alt coins that have a great potential that can attract investors

Kyraishi

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Quote from: HabBear on September 08, 2017, 05:47:28 PM

Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

So no, based on the projections of "some folks". For a satoshi to equal 1 US cent, 1 Bitcoin would have to equal $1 Million. I know the growth over the last 8 years has been exponential but keeping up that exponential pace is quite difficult. We should be happy with steady gains...especially while mainstream media outlets scream "it's a bubble! It's a bubble!"

This is exactly what i think as well, and i've been trying to tell people all the time. Bitcoin cannot keep growing at the current pace(inflation adjusted of course). I think it's just too much to handle for bitcoin right now. We are already experiencing some growth pains and i believe that the price has been over pumped personally. In the next 5 years we are likely to see some adjustments to the price in the first few years and then a spike in price.

However i think that there is no way we are going to go have five digit growth numbers in 5 years. As i've said before, even if this happens it is nothing good as it'll just mean that either we are in hyperinflation mode or in a huge ass bubble.

It's just too much to expect. $10,000 would be a much more realistic figure in 5 years.

Addressed

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Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

Its very possible, we are reaching that goal, Bitcoin rise so fast that it can possibly reach that estimately 5 years from now in my opinion.
HODL more before that happens.

HabBear

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Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

So no, based on the projections of "some folks". For a satoshi to equal 1 US cent, 1 Bitcoin would have to equal $1 Million. I know the growth over the last 8 years has been exponential but keeping up that exponential pace is quite difficult. We should be happy with steady gains...especially while mainstream media outlets scream "it's a bubble! It's a bubble!"

Vishnu.Reang

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The chances are quite remote. And it will not happen definitely in the next 5 years. Because if 1 Satoshi becomes 1 cent, then the market capitalization will become close to $17 trillion. That would mean that the market cap of Bitcoin is almost three times that of gold. Also, at least 6% of the global wealth will be in the form of Bitcoins solely.

eaLiTy

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Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

If it is so easy to predict the future clearly then that would be great,if the price increases in this pace then there is a real possibility that the price of one satoshi could reach one dollar Tongue

. There are surprises in the market in the past week,China is making all the headlines by banning ICO and next they might ban exchanges,so on a temporary period the price might fall.

reflector

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Quote from: illicit on September 08, 2017, 12:26:42 PM

Quote from: kolesozw on September 06, 2017, 03:32:21 PM

Hi,

Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.

This would really be a great thing if this ever happens,
But lets just see anything could happen so maybe it could in the future lets just hope for it.

If that is possible to achieve in 5 years in the sense you can earn bitcoin via faucet also. That few satoshis you can earn in the faucet site will also help us and can get more in USD. As satoshi nakamota speculates bitcoin price will touch the 10K USD value in few years. Please hold the bitcoin whatever you earn in online.

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