1 satoshi = 1 US cent? In next 5 years?

drachman

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Quote from: Biodom on September 25, 2017, 08:08:43 PM

Quote from: bering on September 07, 2017, 06:44:36 AM

1 satoshi per dollar which mean 1 bitcoin equal to $100 million but it's pretty hard to reach it even for next 5 years but nothing impossible in cryptocurrencies and maybe it will be happened someday and i would be so glad if this predictions will true

1sat=$1 would be funny because someone at the bank would go crazy anytime you try to cash out currently modest amounts.
0.03 BTC (now $120) would be $3mil, LOL.

In all seriousness, I can see, possibly, 1sat=1cent (in current $) in 10 years, maybe 20.
I can't imagine 1sat=$1 in the foreseeable future.

At that point no one is going to be able to cash out and probably bitcoin will be the most dominant currency in the entire world why would you want to convert your bitcoin to dollars when you could buy whatever you want with them and with less hassles than with dollars.

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Quote from: Mehedi72 on October 06, 2017, 08:28:12 AM

I think its a funny question. This is speculation sector but speculation should have a limit mate. Well as to this topic,, maybe it will happen in future cause anthing is possible in this cryto world. But i don't have any idea right now about it. Let's see when it will be happen

Is there really a limit to speculation? Everyone obviously is free to stick out their opinion whether they sound ridiculous or not. It is fun sometimes, when we imagine something like this happening one day and then wondering what one would be worth by then.

We cannot predict quite sure, but like you said, I am not sure something like this can happen in few years to come. Probably in the next few decades, but since we cannot predict the future and we do not know how fast bitcoin can grow, then we will just keep guessing.

ivrynx

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i think this is plausible, but i think, we should really study it further, i agree with 1 satoshi to be equivalent to 1 us cent, but i think it will not be on the next five years, since we cannot tell what will happen during that time, another china incident might take place and though the price of bitcoin is rising, if an incident like that happens again, it might still cause panic to others. things are going smoothly now for bitcoin, but still we should make a plan whenever bitcoin's value is going up or going down, a good strategy is still the best, though the price of bitcoin will sure rise, because of the support it is getting from other source, like japan, goldman sachs, dubai, and now even china, there is an article that is saying that,china is bringing back its exchanges as long as they have licenses, i think for now we can say that 1 satoshi being equivalent to 1 us cent, will be much clearer, still we should not lax, since bitcoin is very volatile, though the trend is going up, a negative news,might still affect us, hopefully this speculation will be sooner on in exactly in the next years.

Mehedi72

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I think its a funny question. This is speculation sector but speculation should have a limit mate. Well as to this topic,, maybe it will happen in future cause anthing is possible in this cryto world. But i don't have any idea right now about it. Let's see when it will be happen

drachman

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Quote from: BitMaxz on September 25, 2017, 07:00:16 PM

Quote from: drachman on September 25, 2017, 06:54:19 PM

Quote from: hawkins on September 21, 2017, 02:22:15 PM

instead I do not believe if the bitcoin price could equal 1 satoshi = 1 US cent. but, seeing the possibility of it happening in 5 years, I think that's impossible. even when transactions are speeding up, it will not happen. if 1 satoshi = 1 US cent, then 1 bitcoin can only have a very rich person.

Correct that is never going to happen but in the case that happened not only rich people are going to get bitcoin remember that you can buy smaller units of bitcoin besides all of us that are early adopters can get bitcoin for cheaper today and save for the future and get access to bitcoin regardless of the price at that time.

It can be happen not in 5 years but i think it could be happen after 10 years or 15 years.. since there is block halving event we expect that the source of bitcoin will reduce more so if the block rewards for miners is reduced more expect that the price can be increase more.. remember what happen from last block halving that the price is getting more increase until now more than 3x increased of the price of bitcoin .. it could be happen after few years we will see more price high for bitcoin ..

The last halving combined with segwit activation made people really bullish about bitcoin, the next halving is going to happen somewhere close to the Olympic games that are going to be held in Japan and that could push the price very high since Japan is one of the countries were enthusiasm for bitcoin is at its highest.

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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.

There's nothing wrong to dream about that amount of value, Well it maybe or maybe not lets pray to make it to be happen as much as we can so that everybody happy, isn't right?

HatakeKakashi

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If 1 satoshi is equal 1 us cents for sure the price is 1million dollars but it will not happen even after 100 years or forever. Because for me the highest price of bitcoin is 30k dollars only but everything is possible to happen. Half million after 5 years is also impossible to happen and 25k dollars after 2 years is 20 percent I think will happen but we dont know what the exact price of bitcoin in the next few years. But I hope the price will continue to increase so we can make a lot of profit in the future.

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I had a thought: all of these predictions are predicated on the belief that the US dollar will roughly maintain its value. While this appears to be true for at least the near future, a US financial crisis, especially if it involves the US treasury markets, has the potential to be catastrophic to the dollar. If the world actually starts caring about the US national debt, there's a chance we could end up with a huge debt crisis like Greece, Spain, etc. If that happens, the dollar may crumble, which would lead to a higher USD/BTC exchange rate.

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Quote from: iv4n on September 26, 2017, 04:38:09 PM

We believe in what we see, people that are here more then two years seen that with bitcoin price anything is possible.
25000 dollars in two years its almost 6 times more then now, bitcoin can do that but will it its a big question.
My prediction is more then 7000 dollars before next year, double more in next whole year and in 2019 we will be near 20000 dollars, that's sounds feasible in my opinion.
2020 will be a year of halving and that can push price very high, so even 50000 dollars in 5 years can happen.
Hold bitcoins, or at least one for next 5 years, what ever happen and no matter what others are talking, fud they spreading, hold and wait.

Everything is possible, but the scenarios change all the time and really fast making very hard to have solid predictions on long term. 5 years is too much time to say with accuracy what will happen, anyway, I think 1 satoshi = 1 cent it's too hard to happen, Bitcoin must hit $1.000.000 and I don't think it will happen so fast even being optimistic. There are some people predicting crazy scenarios, but I think it's more about their wishes/desires than real facts.

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We believe in what we see, people that are here more then two years seen that with bitcoin price anything is possible.
25000 dollars in two years its almost 6 times more then now, bitcoin can do that but will it its a big question.
My prediction is more then 7000 dollars before next year, double more in next whole year and in 2019 we will be near 20000 dollars, that's sounds feasible in my opinion.
2020 will be a year of halving and that can push price very high, so even 50000 dollars in 5 years can happen.
Hold bitcoins, or at least one for next 5 years, what ever happen and no matter what others are talking, fud they spreading, hold and wait.

CoinsCoinsEverywhere

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I think that bitcoin reaching $25k, $50k, or maybe even $100k in the next 5 years might be possible. But I don't think it's going to be $1M. With around 18M bitcoins mined, $1M per bitcoin would mean a market cap of $18T. Now I realize that market cap is simply price times the number of bitcoins, but $18T is about the GDP of the entire USA right now. It would take a lot of huge investors (banks, hedge funds, millionaires/billionaires) to get us anywhere close to that point.

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Quote from: cleygaux on September 25, 2017, 08:49:04 PM

If the trend will continue and bitcoin ecosystem will going smooth in the future like no more problems may arise like transaction fee issues, scalabilty, etc and no more bitcoin dramas this price is very possible in the next 5 years or in the next 3 years no can can told if it will really happen but the best thing to do is hodl your btc and save it for the future.

Problems happening with bitcoin is obvious and the growth happening with the network is simply very big compared to several other asset related profiting. Price fluctuation happens, but growth accompanies the loss helping retain in value at the earliest possible.

zokora

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yes, it may not be up to 1 usd very soon, but I believe we are going to talk about price of satoshis not the price of bitcoin. price of gold is quoted as ounces or grams, not tons. bitcoin price will be quoted as satoshis because bitcoin price will be too high to compare

cleygaux

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If the trend will continue and bitcoin ecosystem will going smooth in the future like no more problems may arise like transaction fee issues, scalabilty, etc and no more bitcoin dramas this price is very possible in the next 5 years or in the next 3 years no can can told if it will really happen but the best thing to do is hodl your btc and save it for the future.

Biodom

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Quote from: bering on September 07, 2017, 06:44:36 AM

1 satoshi per dollar which mean 1 bitcoin equal to $100 million but it's pretty hard to reach it even for next 5 years but nothing impossible in cryptocurrencies and maybe it will be happened someday and i would be so glad if this predictions will true

1sat=$1 would be funny because someone at the bank would go crazy anytime you try to cash out currently modest amounts.
0.03 BTC (now $120) would be $3mil, LOL.

In all seriousness, I can see, possibly, 1sat=1cent (in current $) in 10 years, maybe 20.
I can't imagine 1sat=$1 in the foreseeable future.

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Quote from: drachman on September 25, 2017, 06:54:19 PM

Quote from: hawkins on September 21, 2017, 02:22:15 PM

instead I do not believe if the bitcoin price could equal 1 satoshi = 1 US cent. but, seeing the possibility of it happening in 5 years, I think that's impossible. even when transactions are speeding up, it will not happen. if 1 satoshi = 1 US cent, then 1 bitcoin can only have a very rich person.

Correct that is never going to happen but in the case that happened not only rich people are going to get bitcoin remember that you can buy smaller units of bitcoin besides all of us that are early adopters can get bitcoin for cheaper today and save for the future and get access to bitcoin regardless of the price at that time.

It can be happen not in 5 years but i think it could be happen after 10 years or 15 years.. since there is block halving event we expect that the source of bitcoin will reduce more so if the block rewards for miners is reduced more expect that the price can be increase more.. remember what happen from last block halving that the price is getting more increase until now more than 3x increased of the price of bitcoin .. it could be happen after few years we will see more price high for bitcoin ..

drachman

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Quote from: hawkins on September 21, 2017, 02:22:15 PM

instead I do not believe if the bitcoin price could equal 1 satoshi = 1 US cent. but, seeing the possibility of it happening in 5 years, I think that's impossible. even when transactions are speeding up, it will not happen. if 1 satoshi = 1 US cent, then 1 bitcoin can only have a very rich person.

Correct that is never going to happen but in the case that happened not only rich people are going to get bitcoin remember that you can buy smaller units of bitcoin besides all of us that are early adopters can get bitcoin for cheaper today and save for the future and get access to bitcoin regardless of the price at that time.

hawkins

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instead I do not believe if the bitcoin price could equal 1 satoshi = 1 US cent. but, seeing the possibility of it happening in 5 years, I think that's impossible. even when transactions are speeding up, it will not happen. if 1 satoshi = 1 US cent, then 1 bitcoin can only have a very rich person.

drachman

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Quote from: ElitistCA on September 11, 2017, 01:21:46 AM

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 .

It is unlikely that satoshi ever speculated something that specific, the only speculation that I remember that satoshi made was that he thought that bitcoin will be worth a lot in the future or nothing and personally I agree with that, bitcoin is going to succeed or fail.

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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.

my answer is gonna Noo. You are talking about The price of bitcoin could rise so much to become 1 satoshi = 1 US cent,,
I think it's just impossible. just out of my imagination but after 50-60 years later, maybe it could happened if bitcoin exist...

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.

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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 .

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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.

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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.

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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.

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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..

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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.

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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

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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.

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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!"

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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.

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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.

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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.

illicit

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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.

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

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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.

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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

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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 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.

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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

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

BitFinnese

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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 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.

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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

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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.

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

Vaskiy

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There are lots of possibilities, because the price keeps on increasing and importantly the prediction made to such a bigger price were by bitcoin enthusiasts who are highly skilled with cryptocurrency currency market. Also most has made the predictions keeping deadline as 2022,can expect good things to happen in a short time period.

chaser15

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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.

All positive speculations will remained speculation as long as it wasn't happening yet.

Even there is a basis for every speculation, no one knows what will happen in the next upcoming years as chances of success and fail are always there. What we need to do is to just enjoy the current trend and if ever there will be $25k price per single bitcoin, then it's a big jackpot for us.

bering

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Leading Crypto Sports Betting & Casino Platform

1 satoshi per dollar which mean 1 bitcoin equal to $100 million but it's pretty hard to reach it even for next 5 years but nothing impossible in cryptocurrencies and maybe it will be happened someday and i would be so glad if this predictions will true

LFC_Bitcoin

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Quote from: Lucasgabd on September 06, 2017, 03:41:33 PM

just open your mind and accept the fact that

anything can happen
and nobody has a real clue of what'll happen next

Wink

Pretty much this ^^

What I've learnt in the 3.5 years or so that I've been involved in bitcoin is that this roller coaster is incredibly unpredictable which is why I HODL my coins & don't even dare think about trying to trade.

jekjekman

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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 really believe that it will happen in the future that Bitcoin will be like that 1 satoshi is equal to 1 cent and event 1 dollar, but I think it will not happen in the next 2 years unless the price hike that is happening right now will continue to happen in the next 2 years then there is a big chance that will happen in year 2019.

Just take the fact that most of the Bitcoin users nowadays is the one who really search for it and see a potential with it, wait for the time that it will be fully recognize in the whole world that even the restaurant and grocery store that you used to go will be accepting bitcoin as a payment then the price of it will boom.

Denker

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Quote from: Sahyadri on September 07, 2017, 04:00:07 AM

Quote from: Denker on September 07, 2017, 03:44:58 AM

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 don't think so. BTC being worth 100million USD?? No man! Not in our lifetime!
Even with a value of 20-25k USD I wouldn't believe reaching that highs before mid to end of 2020!!
Half a million USD is probably decades away! And if that would happen, some early Bitcoin adopters with tens of thousands of coins would be very rich. Some of them are already extremely bad actors to the space. These guys would gain so much power and try to control, monopolise or even destroy Bitcoin!

I think $20k is possible by the end of 2018. We will definitely reach $100k by 2020. Half a million is indeed possible in the period of 5 years. Bitcoin has huge potential left. Still billions of internet users are potential market for Bitcoin and only 5 million coins are left to mined. Thus, supply is way to limited. Demand can rise to billions. Price will definitely rise to some 100k atleast.

These are strong words and tough predictions my friend! 100k in 3 years?! You're sure about that? Cause that's what you're saying when writing "definitely".
My advise. Don't do that! Don't try to predict what's going to happen "definitely" with the price. You will lose and Bitcoin often does the opposite of what you will think or believe. It's the honeybadger! And he doesn't give a damn! Never forget that!

Sahyadri

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Quote from: Denker on September 07, 2017, 03:44:58 AM

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 don't think so. BTC being worth 100million USD?? No man! Not in our lifetime!
Even with a value of 20-25k USD I wouldn't believe reaching that highs before mid to end of 2020!!
Half a million USD is probably decades away! And if that would happen, some early Bitcoin adopters with tens of thousands of coins would be very rich. Some of them are already extremely bad actors to the space. These guys would gain so much power and try to control, monopolise or even destroy Bitcoin!

I think $20k is possible by the end of 2018. We will definitely reach $100k by 2020. Half a million is indeed possible in the period of 5 years. Bitcoin has huge potential left. Still billions of internet users are potential market for Bitcoin and only 5 million coins are left to mined. Thus, supply is way to limited. Demand can rise to billions. Price will definitely rise to some 100k atleast.

Denker

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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 don't think so. BTC being worth 100million USD?? No man! Not in our lifetime!
Even with a value of 20-25k USD I wouldn't believe reaching that highs before mid to end of 2020!!
Half a million USD is probably decades away! And if that would happen, some early Bitcoin adopters with tens of thousands of coins would be very rich. Some of them are already extremely bad actors to the space. These guys would gain so much power and try to control, monopolise or even destroy Bitcoin!

zabisux

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This is highly unlikely to happen. Why? It is still too early to see that prices. There are really too less companies or people in crypto businesses. Yes its bigger than 2015 but it isnt bigger than real world markets.

HeRetiK

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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.

Yep, while pretty much everything goes in crypto, 1 BTC = USD 500k,- is completely off-limits unfortunately (unless the USD gets hit by hyper-inflation, of course). With 1 BTC being worth USD 500k,-, Bitcoin would roughly equal the estimated market cap of gold, which, while awesome, is rather unrealistic.

But even keeping this in mind there's still a lot of room to grow compared to traditional investments. Assuming that USD 50k,- are within the ball park for BTC, that's still an incredible value proposition given current valuations.

timerland

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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.

There are a few bulls that are always saying ridiculous things about bitcoin price, how it is able to break $1 million and so on. In my opinion, i don't think that we can see any price level above $50k in the next 5 years because there isn't infinite money to be pumped into bitcoin.

Even if all big banks decide to invest in bitcoin and everyone invests in bitcoin, i think the maximum will be still $100,000 per bitcoin. And by then the market cap will be bigger than that of gold and silver, which would be pretty crazy.

So yeah, 1 satoshi to 1 cent remains just a dream for now. Though as bitcoin is a store of value in the long run we could see this potentially becoming true as central banks keep inflating their fiat currencies.

Kyraishi

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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.

There are 100 million satoshis in a bitcoin, so essentially you are saying btc will be worth $1 million in 5 years.

Now, i don't think that this is likely, due to the fact that we probably won't see this much adoption occur in the next few years. If we can gain a couple of billion adopters in those 5 years then sure, $1 million per bitcoin is possible. If not though, i don't see how it could be done even in the best case scenario.

The only other way would be the collapse of the fiat currency, and hyperinflation. This could potentially happen but i don't think that it is going to happen this decade. If you gave it another 3 or 4 decades then i'm sure BTC will go to $0.01 per satoshi(or 1 mil per coin, whichever way you fancy calling it)

lobo13hf

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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.

That's a speculation. And if you are believing your life in there and that was indeed you must realize about the fact that already happened in our real life about that. It seems to be an illusion by those speculators about the future of each satoshi.

Shinpako09

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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 agree it's just a dream but for me but $5k max is too small. The all time high was just less than 100bucks away in $5k and it's too early to say that it is the max, it's just 2017. The price would become higher than that in the near future but not as high as 1sat equal to 1US cent.

SkyjetCrew

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Suppose, the most ungrateful thing. Who knows what will happen in an hour and then 5 years. No such will never happen, this is fiction, at such a price of a stick in the wheels will embed the government. Therefore, this is nothing more than fantasy.

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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

saying $5000 is the max is just as dumb as saying bitcoin will be worth $1 million in a couple of years.
neither of these will happen.

the fact is, 1 million dollar is also possible but it will take a very long time to get there. and it needs a lot more adoption than just a couple of countries adopting bitcoin as a currency. it also needs a bigger scaling solution to enable bitcoin to handle much more transactions. and all of these take a long time. possibly even 10+ years.

mroth7684

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

Painbird

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I am not sure about this but bitcoin popularity day by day too much increasing and this price also.in fact,starting of the year bitcoin price was probably 800-900$ but now 1 btc=around of 4500$.so next future it's can be happen, 1 satoshi= 1 us cent.

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Almost anything is possible in this crazy crypto world !!

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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.

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.

Lucasgabd

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There's no need to be upset

just open your mind and accept the fact that

anything can happen
and nobody has a real clue of what'll happen next

Wink

kolesozw

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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.

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