At long term — Could 1 sat equals 1 USD? - page 2.

rodskee

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

It has Been asked for couple of times , Yet the answer is the same , If the Satoshi will be equivalent to 1 dollar , this means the value of 1 Bitcoin will be? if you know that then you have already the answer , and that is Not today or even tomorrow .
in the other years lets see but don't expect this soon.

Though Nothing is impossible specially to the growing value of Bitcoin , But living to wait for this may took you a lifetime so why not focus on more appropriate and reliable investment than this?

Obito

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Quote from: buwaytress on February 02, 2021, 11:56:52 AM

1 sat = 1 cent is the scenario I've fantasised about, to be honest. I'm not sure I'll like the scenarios that would make that possible though (for instance, if $1 million then only buys 10k worth today haha).

But like Pharmacist says, I'm not sure what not to rule out anymore. Crypto attracts the craziest and people with the riskiest behaviour, $100 million Bitcoin perhaps isn't even stretching the realm of what's possible with magic internet money.

That's like the dream for bitcoin enthusiasts although 1:1 satoshi to USD is impossible in my opinion but I do trust bitcoin that it may reach around that price or at least near or a 1/4 of that price, what I worry about is that we might reach reality that bitcoin will stabilize and the prices will never go up nor down anymore, in short we will be on a flat line market. I think that it is a selling point for bitcoin that it attracts the risky people that has the money to risk.

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

Financially yes, but I have a question here from the tech experts. I feel that scaling would become a serious issue if we reach upto this extent. The reason why I am saying this is because the price will come only with adoption and we just saw some adoption and the fees went all the way upto 12-15$ now if one sat reaches to 1$ for every byte of transaction you will have to pay a fee of 20-30$ this would mean whopping fees for each transaction and ideally would render bitcoin unusable. Is this correct or am I thinking it the wrong way? I know LN is an option but even that wouldn't reduce the fees this low.

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1 sat = 1 cent is the scenario I've fantasised about, to be honest. I'm not sure I'll like the scenarios that would make that possible though (for instance, if $1 million then only buys 10k worth today haha).

But like Pharmacist says, I'm not sure what not to rule out anymore. Crypto attracts the craziest and people with the riskiest behaviour, $100 million Bitcoin perhaps isn't even stretching the realm of what's possible with magic internet money.

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This has been talked about for years and it was always the same answer by almost everyone. It is not "impossible" for bitcoin to be there, it is totally doable and I would definitely assume the price would be there eventually one day, maybe 20 years later, maybe 30 but it will be there one day. However at the current levels, we are not looking at anything remotely that way, it is impossible for price to be there anytime soon.

The reason why people ask these questions is the fact that the amount of satoshis they have is very little, maybe few thousand, maybe tens of thousands but that's about it, it is always the people we do not have over 1+ bitcoin, that means they hope that if one day 1 satoshi equals 1 dollars, then they could get rich and that is how they could profit from it, and they know as long as bitcoin is under 200-300k that means even if it goes up to 200k, they are not going to be rich.

blckhawk

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

If we talk about how much odd we will get from 1$ equivalent 1 sat is more likely impossible. Yes, Bitcoin does have a finite supply but I don't think this would be enough to reach that way and even if the world already adapts Bitcoin(I mean literally across the world is using Bitcoin) this wouldn't be enough. Honestly, I want also to believe, the fact that no one will happen in the future anyway so there's might be a slight chance, perhaps .1%. Imagine if that happened those who believed will become instantly billionaire or even more than that. That is an insane amount. However, 10-20 years is not enough probably a couple of decades will do.

Oasisman

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

It could be but the chances are slim to none, and 10-20 years is way too early for that.
Considering the limited supply of Bitcoin, the market cap could increase several trillions of dollars.
One thing to take note is the inflation rate during that time. $1 might be 10x lesser than how it's valued today.
Nevertheless, we're talking about the impossible at least at our current time line.

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Quote from: fadhilz123 on February 01, 2021, 06:16:25 PM

10-20 Years is a really long time. If you based on the chart that bitcoin ROI is about 24763% of the price since launch, it's mean 247.63x the initial price. And this only takes about 10 years. So what will happen in the next 10 years or maybe 20 years?? No one knows, ~~but I'm sure that is possible that 1 satoshi equals $1~~, When?? 20years,30 years, or more?? No one knows

There is no assurance that it will take exact 10 years for bitcoin to become 1 sats = $1. The current value of a dollar is decreasing and its equivalent to satoshi is this,

$1 = 2950 satoshis.
https://youmeandbtc.com/bitcoin-converter/convert-btc-mbtc-bits-satoshis-usd/

There really is the possibility but we'll never know when or we still have it if that time happens. It can be earlier or later after those estimated years.

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

10-20 Years is a really long time. If you based on the chart that bitcoin ROI is about 24763% of the price since launch, it's mean 247.63x the initial price. And this only takes about 10 years. So what will happen in the next 10 years or maybe 20 years?? No one knows, ~~but I'm sure that is possible that 1 satoshi equals $1~~, When?? 20years,30 years, or more?? No one knows

Edit: Almost impossible 1 satoshi equal $1. the answer below change my mind

Quote from: ene1980 on February 01, 2021, 02:10:37 PM

Right now if you make a bitcoin transaction you need to spare 3000 Satoshi and we could get it confirmed in a few hours, how many dollars you are planning to shell out as transaction fees and with these restrictions there is no way we will see those valuation until we find some magical scaling solution where you can send bitcoin with a few satoshi.

lichig

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Quote from: bullrun2024bro on February 01, 2021, 03:29:34 PM

Since the question was asked several times before, I would like to quote @o_e_l_e_o here:

Quote from: o_e_l_e_o on February 14, 2018, 05:48:45 AM

For 1 satoshi to equal 1 dollar, the total market cap of Bitcoin alone (never mind the rest of the market) would be 2,100 trillion dollars, which is more than 20x the GDP of the entire world. The only way it could ever happen is with collapse of the US and hyperinflation of the dollar.

This is the answer I was looking for. Solid response based on hard data. Thank you guys.

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last I looked all the money in the world is about 300 to 400 trillion usd.

so lets do inflation and in 20 years that number is 700 to 900 trillion usd.

lets say we are up to 19.5 million BTC in 20 years.

lets say BTC is ½ the worlds wealth it would be 450 trillion / 19.5 million

450,000,000,000,000/19,500,000 = 23,076,923.07 A coin x 0.00000001

23 cents a sat is not impossible in 20 years but I doubt a lot.

wheelz1200

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

At this point nothing would be impossible. If you said bitcoin would be 30k ish in 10 years, 10 years ago no one would have believed you....so never say never just going to need a lot more pushing to do so.

bullrun2024bro

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Quote from: Poker Player on February 01, 2021, 10:09:52 AM

I think it is more likely that we'll see 1 sat= 1 cent ($0,01).

I also think that 1 Satoshi = 0.01 USD is a much more likely scenario - but 1 Satoshi = 1 USD, I doubt that. Wink

Since the question was asked several times before, I would like to quote @o_e_l_e_o here:

Quote from: o_e_l_e_o on February 14, 2018, 05:48:45 AM

For 1 satoshi to equal 1 dollar, the total market cap of Bitcoin alone (never mind the rest of the market) would be 2,100 trillion dollars, which is more than 20x the GDP of the entire world. The only way it could ever happen is with collapse of the US and hyperinflation of the dollar.

If you want to check out the entire thread from 2018, see here: 1 Satoshi will be equal to 1 Dollar

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Quote from: lichig on February 01, 2021, 09:46:30 AM

Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

Everything is possible but to think on the process on what are the things should really be needing to reach that $1 = 1 sat then this would probably talk on all of those big investors will be considering
bitcoin as their main investment or holdings which simply means this do talks an enormous amount for bitcoin to reach that number which we can say that this is almost impossible to happen
but well no one can predict the future though but to presume on how people do think or sees about bitcoin then we are already on that 50-50 chance.So dont expect much for this thing to happen
because you would only just get frustrated if it wont happen even on waiting into your own entire life span.So just go with the flow on how far this one will go.

ene1980

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Quote from: The Sceptical Chymist on February 01, 2021, 09:49:53 AM

As far as 1 sat=$1, I think that's been asked about quite a few times since I've been on the forum. I've never thought it was possible, but after seeing how high doge got pumped by the Reddit squad, now I'm starting to wonder. After all, bitcoin does have a finite supply, and if the pump (and presumably dump) group were big enough or had enough money.....yeah, could happen.

Right now if you make a bitcoin transaction you need to spare 3000 Satoshi and we could get it confirmed in a few hours, how many dollars you are planning to shell out as transaction fees and with these restrictions there is no way we will see those valuation until we find some magical scaling solution where you can send bitcoin with a few satoshi.

Poker Player

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Yeah, well, it might, who knows? But in 10-20 years it seems soon for me. That would be $100 million per bitcoin and the craziest prediction I have seen is the one from Michael Saylor: Michael Saylor goes nuts: he predicts a $15 million Bitcoin price.

I think it is more likely that we'll see 1 sat= 1 cent ($0,01).

If 1 sat= $1 by that time many things will have changed and the purchase value of the dollar will be much lower.

The Sceptical Chymist

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This should probably be moved to Speculation, for one thing.

As far as 1 sat=$1, I think that's been asked about quite a few times since I've been on the forum. I've never thought it was possible, but after seeing how high doge got pumped by the Reddit squad, now I'm starting to wonder. After all, bitcoin does have a finite supply, and if the pump (and presumably dump) group were big enough or had enough money.....yeah, could happen.

lichig

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Hi there,

What do you guys think are the chances that at long term (say 10~20 years) 1 sat could be valued 1 US dollar?
Is there any solid foundation supporting that Bitcoin price in the future?

Thanks.

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