Can 1 satoshi be worth $1 in the future? - page 3.

Sunderland

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Quote from: dansus021 on October 23, 2023, 10:08:43 PM

1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Correct, it will destroy the world economics. Even if all of the nations/countries do not use fiat anymore, 1 satoshi will not become a dollar.
Stable coins will become the option.

Also imagine how big the fees when 1 satoshi reach $1 and all of the bitcoin has been mined.
Nah it wont happen, if you ask me - which one has a better probability, 1 BTC become $1 or 1 sat become $1?
I will answer 1 BTC become $1.

Note: Im bitcoin die hard fans, but we need to see the reality.
Stay calm and keep hodl!

mamesso

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Bitcoin is a surprise that was never imagined before, its price has continued to increase since it was introduced to the public by Satoshi. The rapid development of Bitcoin which is supported by massive adoption such as several countries starting to accept the presence of Bitcoin and several companies starting to accept payments using Bitcoin will further push prices higher in the future.
Back before Bitcoin Price hit $10, no one would have imagined Bitcoin would trade at $30k or higher. Anything can still happen, maybe Bitcoin will reach a higher price than you ever imagined.

dansus021

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Quote from: Abiky on October 27, 2023, 06:57:06 AM

Only the hyperinflation of the USD will help BTC reach a price of $100m. I see this becoming a possibility in the near future, especially when the US national debt keeps rising at a non-stop rate. The FED will keep printing money to "magically" sustain the economy. Constant government spending will lead us there faster than you could imagine. If it doesn't happen during our lifetimes, future generations will witness the event.

All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts Grin

Agree if that all happens BTC could possibly reach unlimited price or fiat is no longer have use like already happens in Zimbabwe starving billionaire

If this happens crypto could lead become the currency like Salvador did

Abiky

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Quote from: dansus021 on October 23, 2023, 10:08:43 PM

1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Only the hyperinflation of the USD will help BTC reach a price of $100m. I see this becoming a possibility in the near future, especially when the US national debt keeps rising at a non-stop rate. The FED will keep printing money to "magically" sustain the economy. Constant government spending will lead us there faster than you could imagine. If it doesn't happen during our lifetimes, future generations will witness the event.

All that matters is that Bitcoin remains a useful cryptocurrency for the masses. As long as it stays decentralized, no one will be able to stop it. Just my thoughts Grin

Latviand

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Quote from: Silberman on September 10, 2023, 02:36:39 AM

Quote from: Latviand on September 07, 2023, 10:43:39 PM

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There is a limit to how long the FED can get away with printing so much money, even at the current levels there are countries already complaining about the current system and they are looking for a way out, now it is true those attempts are on the weak side at the moment, but if the US kept printing money then those attempts will do nothing but to increase, also if one satoshi was equal to one dollar this just means the dollar as a way to measure value will become useless, but bitcoin could still be valuable as long as you could still buy expensive assets with it.

I know that there's a limit but given how billions of dollars in currency is lost or destroyed yearly in USD, I think that they're going to get away with printing more dollars to their name not to mention that they just keep doing loans on the Federal Reserve so they have no choice but to print more and since they're still the global reserve currency, I think we just have to bear with them printing papers that's slowly becoming worthless by the years. By the way, the countries that are complaining about the US being a reserve currency and it's influence on the global market, is still out there in shambles and they don't know how to compose themselves because they want to rule the other coutry members that they're trying to work with so US isn't scared.

moneystery

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Quote from: Abiky on August 03, 2023, 08:20:26 AM

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? Huh

maybe yes, maybe no. we don't know what the future holds for bitcoin. but if demand for bitcoin continues to increase and its global adoption is not hindered by the government, perhaps this will actually happen.

the most important thing is how the adoption of bitcoin is not hindered, whether from regulations or negative news. usually things like this prevent bitcoin from reaching its highest level. but i think to reach the $100m point is certainly a very difficult thing, i'm not saying it's impossible, it's just very difficult.

dansus021

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1 Bitcoin 100 Million the market cap would kill every investment on this planet apple google microsoft stock combine. For now this is impossible maybe in future too. Maybe it can touch that level when the world economy is under heavy crisis and more and more people start dont believe on fiat.

Woodie

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Quote from: Abiky on August 03, 2023, 08:20:26 AM

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?

Bitcoin has proven itself over the years raising from a non valuable asset to becoming among the most sought after cyber assets and most talked about digital assets...
At this point I think keeping an open mind to many possibilities is encouraged as Bitcoin moved from being worthless**for lack of a better term*** to being super valuable so that 1satoshi to 1usd is very much possible, though this means transaction fees could be negatively affected as we could be paying more...maybe less in terms of quantity.

Quote from: Abiky on August 03, 2023, 08:20:26 AM

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? Huh

Impossible is an understatement and you are right to say it this way!

If those price predictions come to be true, what will break or build the crypto economy will heavily depend on the transaction fees, if tx fees follow the path of the high BTC price to charge higher fees on users this makes it unattractive to use and users could migrate to Altcoins which is something I wouldn't like to see .

Out of mind

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Quote from: Abiky on August 03, 2023, 08:20:26 AM

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? Huh

As we have seen the price of Bitcoin constantly change, it is certainly possible for Bitcoin to change in the future. As we have seen, the price of Bitcoin touch $69k at one point and then the price of Bitcoin went to an all-time high. Accordingly, we can definitely say that Bitcoin price will touch 100 million in the future, since Bitcoin price is not stable, Bitcoin will move forward in the future. As long as it grows, the demand for Bitcoin will continue to grow and its price will rise to $100M for sure. Although our generation may not see it, I think our next generation who will come will definitely see this value of Bitcoin. Because the way bitcoin buyers are increasing daily, and its value is advancing, and the way bitcoin is meeting the needs of people and investors are investing enough money in it. According to that, Bitcoin halving will happen every 4 years and the demand for Bitcoin will continue to increase. Many investors have predicted that Bitcoin will rise in value and one day 1 Satoshi will be worth 1 dollar and I believe it.

danadc

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Quote from: Tony116 on October 16, 2023, 12:13:33 AM

Quote from: dezoel on October 15, 2023, 04:22:00 PM

I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

atookz

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Anything can happen, and anything can happen here. This reminds me of when several years ago many people questioned whether 1 bitcoin could reach 10,000 USD. Many people don't believe that, but as time goes by it turns out that bitcoin can achieve that and even more. To achieve 1 satoshi worth 1 USD requires a long journey and is definitely not easy. But I'm sure one day it will happen.

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Quote from: Abiky on August 03, 2023, 08:20:26 AM

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.

We cannot say anything certainly about the future but can make some guesses. What seems most difficult to me today may be easy tomorrow. Especially for bitcoin price prediction. We know that Bitcoin is a very volatile currency that can go up and down in a very short period of time. Did those who knew about Bitcoin in 2010 to 2014 ever imagine that Bitcoin would rise to $70,000 in the next 10 years? Certainly no one dare to it such a great adventure. That's why people lost 10 thousand bitcoins to buy a pizza. But now people are more aware If these bullish trend continue to repeat in the crypto space, we can expect something like this in the next decade or so.

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Quote from: Gozie51 on October 19, 2023, 05:53:08 AM

Quote from: coupable on October 18, 2023, 06:54:03 PM

Quote from: danadc on October 16, 2023, 02:38:41 PM

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.

I believe such humongous price can only be discussed if there is outright adoption of bitcoin in the globe. Investors can't have any influence to such price no matter how they try to spike the market by speculating or by creating panic in buying large amount of btc to help boost demand for it.

Not only that, but Bitcoin must become the only currency in the world because in this way it will be able to replace all major currencies combined. The other hypothesis is that all Bitcoin in the world (or most of it) will become in the hands of one central party or a few parties, and thus they will be able to control the amount of liquidity in the market and thus control prices.
I think it is too early to discuss such hypotheses that could be relegated to the status of excessive "utopianism." Bitcoin is still in its early stages and fiat currencies still lead the classical financial system. Even the next halving will not have such an exaggerated impact. Let us not make false promises based on absurd conclusions.

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Quote from: coupable on October 18, 2023, 06:54:03 PM

Quote from: danadc on October 16, 2023, 02:38:41 PM

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.

I believe such humongous price can only be discussed if there is outright adoption of bitcoin in the globe. Investors can't have any influence to such price no matter how they try to spike the market by speculating or by creating panic in buying large amount of btc to help boost demand for it. This still stand as speculation and that is what it is. What more to be heard about bitcoin is next year halving and for now the price can only be hanging around what it has been doing for the past two months.

coupable

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Quote from: danadc on October 16, 2023, 02:38:41 PM

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

It will all remain just speculation since the current price is very far from those aspirations and no one knows what might happen in the distant future. I do not rule out that the price of 1 Bitcoin will reach $100 million because I believe that its price will develop according to its value, which will rise with the decline in the value of classic fiat money.
Usually, investors are the ones who make these deep speculations in the hope that their wealth will multiply many times over, and I especially mean those who invested small amounts.

Sophokles

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Quote from: Tony116 on October 18, 2023, 11:33:44 AM

Honestly, if we had a wish we would all wish it would happen, including me. But to be more realistic is too unrealistic to achieve. 1 satoshi=1USD, meaning 1BTC will be worth 100 million dollars, not 1 million dollars as you said. Is that realistic for you? You can be sure of that, but what evidence do you have to be sure that it will happen? Or like I said, is it just your dreams and wishes? I like optimism in investing but I won't be too delusional about unrealistic goals.

The OP was talking about a fictional scenario and there isn't any necessity to take it as a prediction or possibility. You are right we need to be optimistic when setting a price target for bitcoin after 10 years. This is not impossible to do as there are methods to do such calculations. I don't think 1 bitcoin will ever be 1 million, but if we even archive 10% of 1 million that will be a big milestone for us.

Tony116

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Quote from: danadc on October 16, 2023, 02:38:41 PM

Quote from: Tony116 on October 16, 2023, 12:13:33 AM

Quote from: dezoel on October 15, 2023, 04:22:00 PM

I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

Honestly, if we had a wish we would all wish it would happen, including me. But to be more realistic is too unrealistic to achieve. 1 satoshi=1USD, meaning 1BTC will be worth 100 million dollars, not 1 million dollars as you said. Is that realistic for you? You can be sure of that, but what evidence do you have to be sure that it will happen? Or like I said, is it just your dreams and wishes? I like optimism in investing but I won't be too delusional about unrealistic goals.

Quote from: Sophokles on October 16, 2023, 03:13:18 PM

Quote from: Tony116 on October 16, 2023, 12:13:33 AM

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

The figure will be unrealistic even if there is hyperinflation. If 1 satoshi becomes 1 USD one day the total market capital of bitcoin will be 2 trillion 100 billion in USD which is unimaginable number. As you have said if this happens one day due to hyper inflation then there will be no point in holding bitcoin anymore. People will invest in gold instead which has survived all the historical economic crises.

You are right, if there is hyperinflation and USD becomes useless then even if bitcoin reaches 100 million dollars it will be useless.

Sophokles

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Quote from: Tony116 on October 16, 2023, 12:13:33 AM

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

The figure will be unrealistic even if there is hyperinflation. If 1 satoshi becomes 1 USD one day the total market capital of bitcoin will be 2 trillion 100 billion in USD which is unimaginable number. As you have said if this happens one day due to hyper inflation then there will be no point in holding bitcoin anymore. People will invest in gold instead which has survived all the historical economic crises.

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Quote from: Tony116 on October 16, 2023, 12:13:33 AM

Quote from: dezoel on October 15, 2023, 04:22:00 PM

I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

I think that will be like that, that 1 satoshi can be worth that, I have read several articles where it can reach $500k and others say that it can reach 1Million dollars so those things are what we have to think about, when I read it I value all of that plus my few satoshis when I see information like this, what I can think of is to continue saving and forgetting that I have it there and I do it safely because bitcoin will be something highly valued in 10 years, I am sure it can be like that, it can Being that each satoshi makes us live well in 1 week, that can be difficult, it means that 1 satoshi can be more valuable than 1 dollar.

Tony116

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Quote from: dezoel on October 15, 2023, 04:22:00 PM

I still think that most of the time people who ask these type of questions do not have a remote idea what marketcap means, and they end up investing into smaller cap projects because of this. I have also seen a lot of people asking if shiba could be just 1 dollars.

The idea on their brain was "it would be ONLY one dollars, one dollar is not a lot of money" without realizing they are talking about just the price but the marketcap is another thing. Considering the supply, neither of these things could happen, it is impossible, not even possible during our life time, it is not going to happen. To think that it could be possible is not something wrong with the idea, it is wrong about not knowing it fully well how all of this works.

What you say makes sense because when each satoshi reaches 1 USD, it will cause bitcoin capitalization to be at unimaginable levels, which is very unlikely or impossible if the value of USD continues to be maintained as it is. But if hyperinflation occurs or the USD declines and loses value, it is very possible that 1 satoshi could reach 1 USD. But if that happens, the value of bitcoin will not be that great because the USD will no longer be worth it. Agree that the future is unpredictable, but the number the OP gave is quite unrealistic.

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