Topic: Can 1 satoshi be worth $1 in the future? - page 10. (Read 1667 times)
For 1 satoshi be worth $1 possible in future i think. It is not impossible. Because bitcoin being inseparable part of world economy day by day. But fot it need more time. I think after 2045 when Bitcoin mining will completed after then Bitcoin price will boom. Because after that there will be no more bitcoin mining. But its demand will increase day by day. So i think then Bitcoin price will increase speedily. Then marketcap of Bitcoin will increase. And price of bitcoin will increase. So it is possible 1 satoshi worth of $1 i think. But we have to wait long time for it. I think some people will agree with my thinking.
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin. And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
If this happened, I think we are not using USD as base currency for Bitcoin conversion to fiat since its already hyperinflation and there’s no way USD is still the global currency. That’s why we should always keep using 1sat=1sat instead of fiat conversion when we are dealing with the transaction fee and Bitcoin valuation in general since since fiat can inflate and those figures is nothing if the buy power is not the same.
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
It's an insane prediction. I've just thought of the possibility of a satoshi reaching dollar parity due to Bitcoin's ever-rising popularity. It may not happen during our lifetime, but it could happen in the distant future.
I certainly wouldn't want 1 satoshi to be worth $1, as that would mean paying ultra-high fees per BTC transaction (in USD terms). Maybe developers will introduce "fractional satoshis" to solve the problem? We're "lightyears" away from seeing BTC reaching $100m, so there's nothing to worry about. Just my thoughts
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m.
If this happens, the bitcoin will not become a currency for daily use, or the value of the dollar will not become the same as its current value, since about 100 years ago, 20 dollars was enough to buy something of value, not the same price now.
The second assumption is that if this happened, Bitcoin needed about 20 to 50 years to reach the price of one million dollars, so the price of 100 million will not happen until after 150 to 200 years, and this means that most of us will not live to witness this assumption.
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time,
This assumption is wrong. We are going to the future, not the past. Technologies will develop and inevitably many of the lost coins will be recovered, either remember it or brute force it. 
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
This may happen one day, we never know the economic conditions of the world and what is going to happen after 50+ years. Technically and theoretically it is possible for 1 Sat to reach 1$ and we cannot deny that equation.
Being optimistic about BitcoinBTC, I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.
I believe the intended best case scenario for Bitcoin’s price was to reach 1 cent per satoshi. That’s not to say it isn’t possible that it could go higher, just that it would take some unforeseen event to really help tank the dollar in order for it to happen. At that point even a dollar per satoshi might not necessarily give you the buying power you think it would.
Everything is possible in crypto but considering its timeline, we might not see this in the next 10 years. Let’s be more realistic with Bitcoin and try to set-up a goal one at a time. Imagine if you are going to buy Bitcoin now and you’re expecting it to reach the price of 100m, you might be old already if that happens. The bull is still not easy to reach and there’s still a threat for bear trend, I think the peak for this year will be around $40k only.
Every currency has a feasible end with zero worth to its units so yea in dollars the figure could get to 1 dollar per satoshi. If we stick to actual value, exchangeable worth for food or any commodity not this pure face value nominal figure with a floating value then I would not try to argue the cost of transmitting BTC will amount to this much. BTC isnt due to become horribly inefficient even if inflation continues and dollar value is continually lost with prices rising alot; this only is a burden to Dollar users and its their impedance and loss to carry not that BTC has been negative in its propagation and usage.
People already talked about the math and why it can't be done, we need to focus on that as much as we can, if it's not possible then it's not possible. I get that it's not going to be a simple thing, but I have to point out that it's going to take a while for that to happen. I am pretty sure that when we are talking about something as bleak as the "future", we can say that yes it's possible. Now I know we have talked about how 100 million is nearly impossible, but also.. it just says future, it doesn't really say when. So maybe we are talking about 100-200 years down the line? I am not even sure if bitcoin will exist in 200 years, but if it does, would it be impossible to think about? Considering the inflation, in 200 years it could very well be very normal, like today's 100k maybe? Thats why that "future" should be a lot more certain date before we can answer.
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
Thoughts?
Anything is impossible could be possible but in the sense or the thing we do talk about on having that BTC on $100M/coin price then this is something that cant really be that possible. We know that 1 sat is the smallest number could a certain person to have. If things turns out that 100M per 1 sat then imagine on what would be the entire cap? I cant really be able to comprehend about those numbers and pushing up transactions Thoughts?
wont really be going as low on 1 sat on which means it would really be that much higher on every transactions made on which it would be always having that standard 1sat/byte transaction and numbers or value of fees
is something that you wont really be that relaxed about. This is why it wont really be that much of an interesting thing if you do assume out this situation because it would really be that too complicated or
it isnt something that could really happen even in my wildest dream.
A holder can only wish to happen overnight. Everybody wants to be rich even when not holding a single BTC but like they said it will need years and years you could only hope you will still be alive after 20 years to see if indeed what we believe today lives up.
I have a few old wallets that contain a fracture of BTC that couldn't be sent like 0.00004500 BTC. When 1 Sat = USD happens, do you think a transaction will also cost less like 5 sats?
How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.
Global wealth is estimated at 400-600 trillion, which would make Bitcoin even with 10 million coins twice as valuable as everything on the planet put together. So no! No way in hell unless the USA goes full Zimbabwe.
Only a hyper-inflated USD will make this happen. But I don't see this happening now or in the near future. We're probably centuries away from seeing 1 satoshi being worth $1. Neither you and I will be alive by the time that happens.
Remember the 2007 crisis?
Now add the other crisis in the last century, mix them tighter power them up with a Monster drink and this would be the face of such inflation!
Trust me, it's not like we're not going to be alive at that time, you DON'T want to be alive during such a thing!
With everything going down, with mass unemployment, bankrupcies al over, failure of public services, and high crime in every neighborhood you will trade your valuable Bitcoins just to lead the normal life you do now!
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.
Only a hyper-inflated USD will make this happen. But I don't see this happening now or in the near future. We're probably centuries away from seeing 1 satoshi being worth $1. Neither you and I will be alive by the time that happens. If BTC goes to $100m earlier, then that means something terribly wrong happened with the USD. A total collapse where there's no chance of a recovery. Who knows what the future holds for Bitcoin as an alternative to existing Fiat currencies? Just my thoughts
The minimum TX fee for Bitcoin is one satoshi.
For segwit, 1 input and 1 output will require 111 sat for the fee.Now, imagine if market prices keep going up until 1 BTC is worth $100m.
For bitcoin to get to $200 trillion marketcap, the price would still be around $10 million. Fiat will go low in value and bitcoin will increase, but before bitcoin will attrain this, it is still more than a century if at all it would happen. 
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.
$1 million for a bitcoin makes 1 satoshi for 1¢. For 1 satoshi to be $1, one bitcoin must be worth 100 million.
So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi.
$1 million for a bitcoin makes 1 satoshi for 1¢. For 1 satoshi to be $1, one bitcoin must be worth 100 million.
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
Thoughts?
Thoughts?
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