Topic: Can 1 satoshi be worth $1 in the future? (Read 1713 times)

Don't get distracted by the actual numbers, but instead try to focus on the ideas being presented. .that you have an income stream and you have expenses.  If you do not have more money in your income stream than you have in your expenses, then you either need to cut your expenses and/or increase you income prior to investing.  Otherwise you should not be investing.

Also you should not be investing if you don't have at least a month or more of extra savings to cover expenses and/or cashflow shortages, and truly you should have 3-6 months or longer of cash before you start investing, but it is possible to still invest with less, but you are running the risk that you might end up needing to cash out of your investment at a time that is other than your own choosing, so it does not make very much sense if you are trying to invest with money that you might need for short term expenses and/or for emergencies that might come up.


Your cashflow might not be stable enough to invest into bitcoin.  Let me change the example.  Let's say that you have income that is $200 to $300 per month, but your expenses are right around $240 per month.  so some months you don't have enough to cover your expenses and other months you have extra, but on average you have only about $10 extra, so you might need to save 3 months or more to get up to $750 in savings before you even start to invest in bitcoin, and then you might ONLY be able to afford around $10 per month to invest into bitcoin.. .so yeah, either you would need to increase your  income or to decrease your expenses if you want to invest more than $10 per month into bitcoin after you had first established your emergency fund.


Some people start from worse starting places than others, so sometimes there are ways to improve your chances.. and also you are likely in a better place if you save, but sometimes you have to figure out if there might be ways that you can increase your income or change what kind of jobs you are eligible for.


Well, yeah, you could build your stash for years and years and years, and maybe even 20 years or more before you might start to treat yourself, or maybe at some points along the way you treat yourself, but if you start to treat yourself too much, then people start to notice and they might start to wonder from where you are getting the extra money.  Sometimes you could just have a story about a side job that you have or something, but yeah, if people are curious, at some point you do have to figure out if there may be some needs to tell them that they are asking too many questions.. as long as it does not cause them to become evil towards you and then want to rob you or something because they thought that you were being too secretive.  You might not have very good friends/relatives, if that's the case.

I wish I do have that kind of income stream, that would be enough for me to live comfortably in my country since the price of goods here is expensive, if the case is that I will be having to spend my bitcoin for something urgents comes, I just hope that I have other means to make money and I have saved a bit of fiat to hopefully not use my considerable bitcoin stash for those stuff, I'm still young anyway and I am not that materialistic so I know that I'm going to be just fine as long as I don't get into anything bad like disease or accident. Regarding my security, I have the most simple storage in Electrum, no need to be too complicated about those stuff and at the same time it's enough security and I don't tattle tale, maybe when they ask me, I just show them a small amount of my stash that's separate from my main stash and I lie to them that I don't have a lot and that's all that I have so they don't pry too much.

In one of my earlier posts in this thread (perhaps my first post), I already outlined how $100million per bitcoin is within current addressable market expectations, even though it could take 150 to 200 years to get there... and surely my reference points would be that the total market cap of bitcoin at $100million per coin would be $2.1 quadrillion, and so currently the total addressable market is ONLY around $900 trillion, and I had been arguing that you don't even  need dollar inflation to reach those numbers, but instead you can use current dollar value.. and surely dollar debasement is like a kind of cheating. but still makes it a lot easier to reach, and I had previously suggested 50 years to be the earliest possible scenario if we are using current dollar values.. but surely in the end, everything gets muddled.. even the gold market cap might not be a good comparison since the gold market cap has its own problems, including but not limited to its paper dilution...

Hopefully, you have not underinvested into bitcoin based on your seemingly overly conservative ideas, EarnOnVictor.   Perhaps you consider bitcoin to be a mature (or almost mature) asset, too?     

Or maybe you don't recognize and/or appreciate the various real world paradigm shifting dynamics of bitcoin to be able to have such a power to be able to store and transmit value digitally in which no one can make a copy?  It seems to be a pretty BIG deal, even if we cannot really know all of the infrastructure that will continue to be built upon it and around it.


You still have to survive to be able to benefit from such a thing, and there could be a lot of battles along the way, including some people getting caught into situations in which they get their coins taken from them (or they lose them through their own inadvertences). Another thing, if you have an income that is between $800 and $2,000 per month, but your expenses are $1k per month, then surely you have to figure out how aggressive that you can be in terms of how much bitcoin you buy every month. and surely you can be more aggressive in your BTC accumulation if you have other things in place, such as enough for expenses for 6 months or longer (which would be $6k) and some emergency funds, and so many of us have to figure out ways to make sure that we can stay in the game, including being careful regarding how much BTC we store with 3rd parties (maybe not allowing any more than 20% of all your stash to be with them at any given time), but even when we engage in our own private key management, we can make mistakes by being too simple or not researching sufficiently secure systems, or we could even overly complicate matters and lose our coins that way... also how much do you talk about bitcoin with people who might end up leaking your bitcoin amounts and/or security practices..... so I am not wanting to get off of topic regarding many things that could happen along the way, and we likely want to be as aggressive as we are able to be in terms of our own BTC accumulation, but at the same time, not so aggressive that we end up losing our coins or putting ourselves in to a position in which we have4 to sell some or all of our coins at a time that is not completely of our own choosing.. and my own proposal is that no one should ever be selling all of their coins, so whatever coins they do sell would likely not be a very large percentage of their overall stash.. and of course, people differ in their opinions on the topic of BTC stash management... and/or when/if/how to cash out.


"I would say that a million for 1 bitcoin is probably not going to happen in that 50 year timeline"

If you perhaps made a mistake? above, and you meant to say that in regards to $100 million per bitcoin, then I would agree with you, but if you are talking about $1 million per bitcoin not being reachable in 50 years, that $1 million per bitcoin is reachable in this cycle or even more likely within the next few cycles, so I doubt it would take even close to 20 years before bitcoin has some peak spot price of $1 million per coin, even if the spot price might not be a lasting price, yet at the same time I understand that there are no guarantees regarding any of this and there are some outlier cases in which it might take more than 20 years for bitcoin to reach a spot price of $1 million per coin.

Even in my current fairly conservative fuck-you status chart, which is based on bottom prices (the 200-week moving average), I show $1 million as the bottom (200-week moving average) in 2049, and I believe that my latest revisions are pretty conservative.. so erroring on the side of conservatism... but what I was able to post in regards to my chart only goes out to 2078 with the bottom at $5.6 million per coin, and my extended version shows right around 2144 with the bottom crossing over $100 million per coin.. so it seems really strange to try to project out that far, and many things could happen to end up invalidating the chart and some of its currently seemingly valid presumptions.


 

I guess you're right, forgot about the part that you need to be practical and realistic at how you're going to envision your investment in bitcoin. Maybe I am too optimistic and too hyped about bitcoin that I see 1 sat equal to 1 dollar as a future but hey, everyone can dream even the delusional ones right?

Now that you've put that realism lens to my eyes, I would say that a million for 1 bitcoin is probably not going to happen in that 50 year timeline, maybe even at a 100 years, I don't think that's a possibility, that could only happen if people all over the world and the government has accepted that bitcoin's the real deal and I don't think it's ever going to happen because resistance to change will always be present among these people that are benefiting from the traditions.

As much as I'd love to join you in this fantastical extrapolation and also encourage Bitcoin enthusiasts, I would rather live more in reality than in the dream, at least within what is foreseeable. Are you kidding me? For 1 Sat to become $1 means that Bitcoin is now priced at $100,000,000, because 100,000,000 Sats = 1 BTC. That's crazy.

As much as I wouldn't dispute this, I don't believe it either, and my lack of belief is that it would naturally cause inflation, even as it's unrealistic. There will be needless creation of Billionaires and Trillionaires in dollars. That amount is f**king outrageous.

Lastly, even if this happens, it can't be in this generation, not even in the negation of our children. At this point, I urge BTT members, to please, leave the dream and fantasy world and come back to reality.

Your math is off erep.  $1 per satoshi is $100 million per BTC, and so $500k per BTC would be 1/2¢ per satoshi.  $1 million per BTC is 1¢ per satoshi.

Prediction of a high price of $500k or $1/Satoshi will be reached in the next 10 years, because the current ATH has only reached a price of $69k and bitcoin took almost 10 more years since bitcoin was released to reach the ATH price last year, I do not doubt any price speculation from many opinions but the higher the predicted price, the longer it will take for the opportunity to reach a high price, I am optimistic that next year's price can recover $50k in the first quarter, the volatile market is very tied to everything that impacts the economy, hope that next year the market price will increase significantly approaching the previous ATH price.

I think it's possible but the point is that it will take much more time then our expectations because currently most country avoid to give attention to Bitcoin because of his negative side or some kind of topical trust issue, but if we have a look at every currency each and every one has Bad  and good side so why not we should focus on Bitcoin brighter side and add to country civilian life to store his saving from inflation because is the one who can hold you assets value for a long. So if world understand benifits of Bitcoin and start to adopt one by one then may be we can say that Bitcoin can hit 100million because at that time we have some limited amount of Bitcoin supply but the demand will be raised much more as by making it legal. So currently there is no sign that world will agree to use Bitcoin instead of this value loosing fiat.

You have a very good point there, @minoxpro, because I was wondering what 1 Satoshi was worth in dollars when 1 Bitcoin was still $1. When Bitcoin was still sold per dollar per one, then 1 Satoshi was very poor in value, but when the price of Bitcoin got to about $70k in the last ATH, it caused the value of one Satoshi to increase, and definitely if the price of Bitcoin keeps growing while Bitcoin keeps exiting for decades or centuries to come, then I think it can be very possible that one Satoshi might definitely get to $1, but we will not still be alive by then, I assume.

It's possible that 1 Satoshi can worth 1 dollars one day, but this is a future expectations and not what we had base on what's on ground today, one thing I've learnt about bitcoin is that there's nothing impossible for it to achieve, if we can have bitcoin to worth over $500,000  then this may be possible in some years to come, if bitcoin can start from nowhere to where is was today, then nothing is impossible to see comes with the bitcoin network over the years because it will always increases in value and that's the assurance we have with it.

Yes, that's exactly what I meant. sometimes I'm too used to hearing people confuse crypto and bitcoin. So I got used to following it. After I studied and thought about it, it turned out that Bitcoin was the right one. Because it seems that crypto and bitcoin are related but they are different.
I really appreciate your advice.

Exactly. In the future, everyone will be dealing in satoshis. That's because higher market prices will make it difficult for most people to buy bigger amounts of BTC. If the cryptocurrency goes as high as $100m in the future, it's likely a satoshi will be divided into smaller units to avoid paying high network fees. So higher market prices shouldn't be much of an issue in the long run.

I think we're far away from seeing this become a reality as the USD is still the world's reserve currency. Only hyperinflation will lead us there faster than you can imagine. Keep buying and holding BTC, and who knows if you or your kids/grandchildren will become rich someday?

first it is not BETCOIN mate, it is BITCOIn you have mentioned twice yet wrong spelling .

But what you are telling us is possible but for Satoshi to rich 1 dollar means bitcoin needs
to attain Millions of dollars in value so with all the expectation but it may not happen in the near future.

I don't want to expect this coming instead I am waiting for something more reasonable and
reality , so 100k for bitcoin and not 1 dollars per satoshi .

All possibilities exist within Betcoin , in the past few years it has seen significant development in terms of its value. I guess that in the future, it could attain substantial value because countries are striving to enhance their economic situations and Betcoin is considered one of the solutions. Consequently the value of one Satoshi may be worth in the future .

I don't know how many years it will take for BTC to reach a price of 100 million $, but if you remember the increase every time then it is likely that it will happen, maybe it will take decades or more, but I am also sure it will happen.
People wouldn't think they could reach 69k$ when the price of bitcoin was still below 1$, and it's like that now, just speculate.

It is possible for that to happen; just how much market cap will be needed in the market when that happens? So probably before that happens, I might not be in this world if Bitcoin or cryptocurrency are still alive in this industry.

Although it's okay to save this Bitcoin within 1–15 years from now so that you somehow have something to pass on to the love of your life, whether it's your wife or children, right?

You are committing a logical error to propose that the BTC price can go up to those levels based on the pace it is going up, and the amount that bitcoin can go up has to still be considered within reality of what is possible.

Shitcoiners make those kinds of errors all the time, and it relates to the unit bias error too.. in why someone might say that Doggie coin can go up to $1 because a dollar is not very much.. or that Ethereum (or even doggie coin) can go up to the same price as bitcoin because bitcoin was once at those same prices at some earlier point.

If satoshis were to go up to $1, then a bitcoin would be $100 million and the market cap of bitcoin would be $2.1 quadrillion, and sure some of the satoshis are lost forever, so surely the market cap would likely end up being less than $2.1 quadrillion... but at the same time, today, as I type this post, the total addressable market of all the items that have monetary value is only around $900 trillion, so I am not saying that it is impossible to reach $2.1 quadrillion, but I am saying that you are making a logical fallacy if you are saying that bitcoin prices can get there merely based on the pace that bitcoin has been going up so far.  You should be able to see the ridiculousness of such a claim on its face.

Think about your error like the error contained in the statements of the below meme:




10 years?  Wow.  I had earlier stated 50 years at the earliest, but more likely in the ballpark of 120 years and maybe worser case scenario around 200 years.  but, hey what do I know?

At the pace we are going , it is Clear that it can happen, because that is what many can do if things go as they have said, but if we can get an idea of what we are doing , then yes, it is possible that it will happen. only 1 satoshi costs 1 dollar, the d pro faucets would decrease or be Completely eliminated , because everything indicates that it could be like that , not right now , I think that this can happen in about 10 more years, because bitcoin still continues to give a lot of what talk and the most likely thing is that it will rise more in price, it is what is Noticeable, in the Short term it is seen , and that it can reach a high Price due to what many Analysts Say.

We are not talking about crypto in this thread...

We are talking about bitcoin.

Maybe you should rethink your statement... and if you meant to say bitcoin, then why didn't you say it?  Probably you were trying to appear smart, so you try to describe some kind of an amorphous category in which you believe bitcoin fits within the category... but does it?    Why does the term "crypto" help your sentence and/or your ideas at all when clearly this thread is specifically talking about bitcoin?

I think that there is possibility to have such price amount for the 1 sat in the future and even beyond that 1$ but that is going to take a long time from now to happen,  but the possibilities are there for that to happen at some point so while we jeep speculating that price benchmark to be achieve we have to focus on the effect of that price on the overall network because Bitcoin have shown a lot of time that,  the higher the price hyke in sudden proportion the higher the network congestion and this have result into investors only being interest in the long term slow market movement that doesn't result in any revise network crisis.

But certainly we are going to see that price if we are able to wait let ng enough for that to happen and when it will happen because achieving that price won't come so easily as thought.