1 satoshi = 1 US cent? In next 5 years? - page 3.

illicit

full member

Activity: 140

Merit: 100

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.

Syke

legendary

Activity: 3878

Merit: 1193

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.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Your math skills are pretty terrible op. 500k each would be half a century per satoshi and $1mil would be 1 cent per satoshi. I highly highly doubt we'll see that price for 20-30 years. Maybe 10 or 15 but I doubt that very much.

Darker45

legendary

Activity: 2576

Merit: 1860

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 have my own moderate way of looking at it. I can hardly see Bitcoin getting that precious 6-figure in dollars in the next 5 years only. How about 50,000 in dollars at least in 5 years time? That would be more reasonable and not pure wishful thinking.

sjbi

member

Activity: 770

Merit: 14

www.thegeomadao.com

Quote from: lumeire on September 07, 2017, 08:03:48 PM

By that time, the transaction fees would be too much.

That's why we need improvement in bitcoin.
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.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

By that time, the transaction fees would be too much.

BitFinnese

copper member

Activity: 1050

Merit: 500

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 do not think that Bitcoin will reach that high in just a small amount of time. I believe that bitcoin will reach around $20k in 5 years time. |Always remember resistance like FUD, regulations and other competitors. Bitcoin has still lots of upgrades before it can even be a decent payment or money. Aside from that there are still lots of controversies that limits the growth of Bitcoin. These should be cleared first before we see bitcoin price to skyrocket.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Quote from: Tyrantt on September 07, 2017, 05:25:13 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.

Well, to be honest, I believe that Satoshi in some hand predicted this happening, that the bitcoin will become quite huge in the future and at this moment, I do too. I must say that I'm optimistic about 1 satoshi being 1 dollar, but let's be realistic here, that isn't happening in the next 15-20years...

Well honestly we do not know what will be happen in the future with bitcoin so there is possibility that 1 sat = 1 usd and much more possible to happen is 1 cent is 1 satoshi..
For now we are seeing a fast price increase so if block halving will be done also in 2020 we will see fast movement of the price because the source of bitcoin will be less than today..

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

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.

Well, to be honest, I believe that Satoshi in some hand predicted this happening, that the bitcoin will become quite huge in the future and at this moment, I do too. I must say that I'm optimistic about 1 satoshi being 1 dollar, but let's be realistic here, that isn't happening in the next 15-20years...

Bagaji

sr. member

Activity: 1330

Merit: 291

I don't believe such things can ever happen in the next five years to come. Although am of the believe that the market value of bitcoin will reach $10,000 before the next five years, but not to the turn of one Satoshi to be equal one US Dollar in the next five years.

Question123

sr. member

Activity: 1624

Merit: 267

I dont think it will happen after 2 years or even 5 years because that price is very big. And for sure the probabilty to happen that is very low . I think the price of bitcoin after 2 years maybe around 10k and for sure iy will continue to increase after that and you will earn profit. 1 cents for 1 satoshi is not happen for me because if that happen the price will be 1million dollars per 1 bitcoin .

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

Quote from: mroth7684 on September 06, 2017, 10:40:41 PM

no. That's just the dream of many people. Bitcoin value is arround 5k$ is max

I'm sure you will be proven false just in next 2-3 month with constant BTC over $5K

Bitcoin will raise and raise and all alts with it.

Flyyyy

full member

Activity: 195

Merit: 100

I've already seen a lot of different forecasts about bitcoin. And I believe in optimistic forecasts. We constantly surprise the Crypto currency, so the price can rise significantly. Our task now is to save every coin in our wallet

jk_14

legendary

Activity: 1292

Merit: 1000

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

Wake up and be realistic as much as you can. Bitcoin can't be $500k and 1 satoshi will never be equal to 1 dollar cent. Within 5 years, we can see bitcoin as $50k at most if we don't be affected by governments and countries.

Your prediction is heavily biased by the human linear mind. Fact is, $500k is possible. Whether or not it will happen is another question that depends on various different factors, such as competing currencies and blockchains, regulation, market growth, or the stock market, to name a few.

Prices of assets can follow different laws and often behave like technologies, thus showing exponential growth caused by a feedback loop. This appears to be where cryptos could be at right now. I personally don't think that we'll see that type of price until around 2030 though.

angaper

hero member

Activity: 966

Merit: 507

Quote from: 2fresh on September 07, 2017, 08:55:48 AM

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

Wake up and be realistic as much as you can. Bitcoin can't be $500k and 1 satoshi will never be equal to 1 dollar cent. Within 5 years, we can see bitcoin as $50k at most if we don't be affected by governments and countries.

Could you include the numbers you used for that $50k prediction?
I wonder how realistic you handled it Tongue

While I tend to be optimistic about the future of bitcoin, I prefer to be very cautious in forecasting a specific price over a certain period of time. It is well known that markets in general usually react unpredictably and are guided by different factors, therefore a good or asset that today has a great acceptance and excellent performance will not necessarily be equally coveted in the long run.

Now, the factors necessary for the bitcoin to reach a million dollars are extremely difficult to meet, but the markets are capricious and at some point everything is possible. Hopefully the future will surprise us pleasantly.

2fresh

hero member

Activity: 782

Merit: 500

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

Wake up and be realistic as much as you can. Bitcoin can't be $500k and 1 satoshi will never be equal to 1 dollar cent. Within 5 years, we can see bitcoin as $50k at most if we don't be affected by governments and countries.

Could you include the numbers you used for that $50k prediction?
I wonder how realistic you handled it Tongue

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

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

Wake up and be realistic as much as you can. Bitcoin can't be $500k and 1 satoshi will never be equal to 1 dollar cent. Within 5 years, we can see bitcoin as $50k at most if we don't be affected by governments and countries.

I would like to say the same thing too on which we should really be realistic on the things we do see regarding on bitcoins price and as speak those amounts really high enough even on how many years to pass for sure we wont still able to reach out that range even if the whole world would able to adopt bitcoin.Its not really sufficient even if all bitcoins have been mined already.Value wont really not reach up that high.

aryana42

sr. member

Activity: 1190

Merit: 251

I hope so, 1Sat = 1US Cent is very good and probably happens, more and more fiat goes in bitcoin. Will push bitcoin go to higher. I think, this will happen before 2022. Because, bitcoin technology and its use are widely adopted by various types of businesses today.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: mroth7684 on September 06, 2017, 10:40:41 PM

Bitcoin value is arround 5k$ is max

If you think so, then it basically means that if you're solely an investor, there is nothing more that you can gain, and thus it would only make sense for you to cash out everything you have at current levels. I have seen enough people state after MtGox's collapse that Bitcoin would never ever break through the $1000 level again, and look where we stand right now. I am pretty confident that before the block halving, we'll be breaking through the $10,000 without many problems - from current levels it's a 100% increase, which is perfectly doable before the block halving in 2020. To add; that's even a conservative prediction, but that's how I am - I don't like to move forward too much with my speculations.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: mroth7684 on September 06, 2017, 10:40:41 PM

no. That's just the dream of many people. Bitcoin value is arround 5k$ is max

Then it looks like mission accomplished for you as it managed it on a handful of exchanges. Now you can log off and never return as every human and business on the planet is using it and inflation in fiat currencies has been outlawed which is the only way it can reach its max value.

I remember someone on here writing at length at how it was spiritually and physically impossible for BTC to go above $300 again. Rather inconveniently for them it did it a few hours later.

Topic: 1 satoshi = 1 US cent? In next 5 years? - page 3. (Read 3167 times)