Can 1 satoshi be worth $1 in the future? - page 5.

gunhell16

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Quote from: Abiky on August 22, 2023, 11:05:55 AM

Quote from: dunfida on August 21, 2023, 06:59:15 PM

Making out that simple path, then it cant really be just that possible.

1 BTC = 100,000,000 Satoshis
100M/Coin x roughly 20M supply circulating = thats whooping 2 Quardrillion
Even if we are just talking in our dreams then it cant really be that possible.

Even if we do say that it would be larger than Forex market even though the overall cant be determined but it do make out $5T per day trade volume
which we know that it would really be just that so small compared that Quadrillion mcap.

For sure even to those who do even hold up 0.01 BTC are already considered millionaire. Sweet!

It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts Grin

The question is, will we still be alive when the $1 in 1SAT happens? At this time, it's too good to be true. We are always in the reality of the life we have now. Although everything can happen with bitcoin or cryptocurrency, Who in the community doesn't want that to happen? Of course we all want it to happen while we're still alive, it's just that no one knows what will happen tomorrow.

Instead of thinking such thoughts, let's stop and face the things we should prepare for in the coming bull run season at the time when the bitcoin halving is happening next year. This is the only way I see it as the best way right now as a Bitcoin holder.

Latviand

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Quote from: Medusah on August 28, 2023, 04:33:39 PM

Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously. It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

That would mean nothing to bitcoin though as dollar is a global reserve currency which means that bitcoin will be worth nothing since it's value is pegged to dollar most of the time. The Federal Reserve printing more money isn't a problem for US at all as long as they have a dominance on the global market, they know that they can don't what they want. The likely scenario that 1 sat is equal 1 dollar would be that US acknowledges bitcoin as an equal or there's a total global adoption.

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Quote from: doomloop on September 06, 2023, 11:31:51 AM

Well, it does sound like an unrealistic feat to achieve, and even if it actually happens, we won't really be alive to witness that, maybe our children or our grandchildren will be the ones witnessing such greatness. However, I personally like thinking about things that are possible and that can actually happen within a span of my lifetime only if I live until I'm very old since death is an inevitable thing and we never know when is our time to go, it's all so sudden.

So, what I feel is that we might see Bitcoin hitting $500k to $1m within a span of maybe 2 or 3 decades or maybe before that if global adoption takes a higher pace and countries and governments start legalizing Bitcoin and allowing everyone to openly use Bitcoin for whatever they want without any issues apart from the regulations and taxes and stuff.

BTC "has done the impossible", so I'm certain it'll be worth $1m decades from now. I'm happy with BTC being worth at least $1m, as long as it makes me wealthy. Like I said before, market price is not the only thing that matters. Usability is the key towards long-term success of any cryptocurrency. And I'd say BTC is a lot more useful than Fiat itself. The only issue is the high fees and slow confirmation times. Fortunately, we have the Lightning Network to "save the day".

I have a feeling everyone will be dealing in satoshis once BTC goes fully mainstream. That's because the price of a Bitcoin would be too high to bear (utterly-expensive). If Bitcoin creator Satoshi Nakamoto hadn't made BTC divisible to 8 units, things would've been worse by now. Just keep buying and holding Bitcoin to see promising results in the future. As long as BTC stays decentralized, there should be nothing to worry about. Just my opinion

doomloop

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Quote from: Vaskiy on August 28, 2023, 01:00:01 PM

Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment. For now we don't have much of access, but things could change over time. In such case the distribution will vary and will be in large scale. By that time this could happen, however when calculated against the market cap this is a something unrealistic. Lets see what happens.

Well, it does sound like an unrealistic feat to achieve, and even if it actually happens, we won't really be alive to witness that, maybe our children or our grandchildren will be the ones witnessing such greatness. However, I personally like thinking about things that are possible and that can actually happen within a span of my lifetime only if I live until I'm very old since death is an inevitable thing and we never know when is our time to go, it's all so sudden.

So, what I feel is that we might see Bitcoin hitting $500k to $1m within a span of maybe 2 or 3 decades or maybe before that if global adoption takes a higher pace and countries and governments start legalizing Bitcoin and allowing everyone to openly use Bitcoin for whatever they want without any issues apart from the regulations and taxes and stuff.

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Quote from: Vaskiy on August 28, 2023, 01:00:01 PM

Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment.

Online or offline transactions won't help bitcoin reach that value. The only opportunity is if the amount of need and use of bitcoin increases greatly.
Let's say we have a scenario that something bad suddenly changes everyone's faith in the fiat of all countries which then shifts the entire volume of forex marketcap to the crypto market and bitcoin is the only viable hedge pair.

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Quote from: Minecache on August 31, 2023, 11:08:07 PM

Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.

The next generation will probably be a generation that is quite crazy about bitcoin. Currently bitcoin is still full of pros and cons, many are still not in line with bitcoin and lack of government support. Bitcoin's journey is still quite early and still relatively new digital currency, but it has an impact on the entire world and modern payment technology. $1 million won't be an impossible target as long as more bitcoin support continues to emerge. My first stop was at $100k and that's everyone's target for now.

Abiky

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Quote from: Texac on August 31, 2023, 08:22:22 AM

It is also possible although the chances are slim. but before we see each bitcoin reach $100 million, we will have to go through a severe recession at that time. and I wonder how we can deal with that situation, let alone our bitcoin investment. don't forget America is the number 1 power and USD is dominating the world. The collapse of the USD means that our economy will also experience the worst. so expecting the USD to collapse so that each bitcoin is worth millions of dollars is no different than expecting the worst economic recession in history.

The US economy needs to be in a point where there's no room for recovery. Only then, BTC will hit the $100m milestone. But that won't happen during our lifetimes, because the USD is still going strong (although weakening at a slow and steady pace). I'm fine with BTC reaching at least $1m, as long as it makes me rich. Of course, utility is more important the the price itself. BTC is already making strides as a Fiat alternative for the unbanked. If it keeps progressing, we might see it become the official currency of major countries worldwide (El Salvador took the first step of adopting BTC as legal tender).

The more popular BTC becomes, the higher its market price will be in the long run. Who knows if we'll be dealing with sats once the LN becomes a big hit? No one can predict the future, so lets hope for the best. Just my thoughts Grin

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Quote from: Abiky on August 03, 2023, 07:20:26 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

I hope that but that can be possible if the price of Bitcoin becomes too expensive. But the question is if there is someone who is buying at that very expensive price and transaction fee because if that happens, I'd rather make use of my money for other investments. If only possible that there is a price limit for Bitcoin like say ONLY $100k highest price, the fees seem fair and acceptable. But if it reaches $1, people will possibly leave crypto.

Anyway, that was less possible than I thought.

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Quote from: Minecache on August 31, 2023, 11:08:07 PM

Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.

That is true, reaching 1 million per bitcoin is something I expect to see in my lifetime. I know that it will be a tough one but it is not impossible neither. We have so many halving and so many financial crisis that will lead to inflation which will make bitcoin go up.

So, I think 1 million per bitcoin in the next 20-30 years is more than possible, actually I wouldn't even call it possible but would say that it is likely that it will happen. I believe that we are going to end up with a good return without a doubt. The best thing to do in this case would be making sure that it is going to be a good thing for a time being, and it should be fun to keep watching it one way or another and see how it grows overtime.

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Quote from: AakZaki on August 31, 2023, 05:04:06 PM

Quote from: GigaBit on August 28, 2023, 12:02:20 AM

I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.

Bitcoin predictions of up to $1 Million dollars are crazy predictions and they will not happen while I am alive.
Wasn't expecting too much, Bitcoin reaching ATH just in 2024-2025 was a really great thing for me.
The Bitcoin price of $100k/BTC will be the highest it can be. Just need to wait for the price and depending on how we can be a diamond hand to hold.

Predicting $100 million in bitcoin is crazy, but predicting $1 million per bitcoin is entirely possible in our generation. Although bitcoin is gaining popularity, compared to the world population, 90% still do not invest in it, and if the government legalizes it, encourages and allows people to invest in it. You will find that 1 million USD per bitcoin is very feasible. But you're right, we need to be realistic. First, we need to reach our $100K goal and then we can think bigger things.

AakZaki

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Quote from: GigaBit on August 28, 2023, 12:02:20 AM

I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.

Bitcoin predictions of up to $1 Million dollars are crazy predictions and they will not happen while I am alive.
Wasn't expecting too much, Bitcoin reaching ATH just in 2024-2025 was a really great thing for me.
The Bitcoin price of $100k/BTC will be the highest it can be. Just need to wait for the price and depending on how we can be a diamond hand to hold.

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Quote from: Abiky on August 31, 2023, 06:07:00 AM

Quote from: Medusah on August 28, 2023, 04:33:39 PM

Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously. It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

The USD has been showing signs of weakness over the past few years, so anything's possible. Especially now when many countries are moving away from the Dollar (mainly BRICS countries). The more countries abandon the USD, the less powerful it will be. In the event the USD loses its value drastically, Bitcoin will rise all the way to "Mars" in an instant. You can thank Bitcoin's deflationary design for that.

Ultimately, it's all about utility instead of the price. As long as BTC is useful, nothing else matters. Who knows what the future holds for the cryptocurrency? Just my opinion

It is also possible although the chances are slim. but before we see each bitcoin reach $100 million, we will have to go through a severe recession at that time. and I wonder how we can deal with that situation, let alone our bitcoin investment. don't forget America is the number 1 power and USD is dominating the world. The collapse of the USD means that our economy will also experience the worst. so expecting the USD to collapse so that each bitcoin is worth millions of dollars is no different than expecting the worst economic recession in history.

Abiky

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Quote from: Medusah on August 28, 2023, 04:33:39 PM

Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously. It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

The USD has been showing signs of weakness over the past few years, so anything's possible. Especially now when many countries are moving away from the Dollar (mainly BRICS countries). The more countries abandon the USD, the less powerful it will be. In the event the USD loses its value drastically, Bitcoin will rise all the way to "Mars" in an instant. You can thank Bitcoin's deflationary design for that.

Ultimately, it's all about utility instead of the price. As long as BTC is useful, nothing else matters. Who knows what the future holds for the cryptocurrency? Just my opinion

gunhell16

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Quote from: Abiky on August 03, 2023, 07:20:26 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

If I base your question on the dollar value, dude, each bitcoin needs to be worth 100 million dollars first. And I don't know if I'm still alive or if it's the end of the world. It means that it is far from the truth and reality. Though others may think that everything is possible with Bitcoin or cryptocurrency,

But why should we think about that? The important thing now is how we can accumulate bitcoin and other potential cryptocurrencies for the future so that we have savings for our loved ones. We should just deal with the reality of our lives right now

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Only if the dollar collapses completely and they print so much of it that the current situation seems like nothing.

No, seriously. It has to be so terrible, that the current currency value comparably to the 40's will look like a straight line in the chart.

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Value of one Satoshi leveling the value of a dollar could happen in the future when the entire world gets used to it. Probably when the entire form of online and offline transaction have got bitcoin payment as an additional choice of payment. For now we don't have much of access, but things could change over time. In such case the distribution will vary and will be in large scale. By that time this could happen, however when calculated against the market cap this is a something unrealistic. Lets see what happens.

Abiky

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Quote from: bitgolden on August 27, 2023, 12:36:10 PM

Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.

I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.

It doesn't matter how much a Bitcoin is worth in the future, as long as you're able to profit from it. You just need to buy low and sell high in order to get a ROI. We won't be alive by the time BTC hits $100m, but our descendants will. It would be crazy to think this will happen earlier, unless the USD experiences "hyperinflation". This would mean the end of the US Dollar as the world's reserve currency.

I don't envision BTC taking the USD's place in the future. But who knows? Maybe someday countries will go as far as adopting BTC as their reserve currency? Whatever happens, you can rest assured Bitcoin won't be going anywhere soon. As long as it stays decentralized, there should be nothing to worry about. Just my thoughts Grin

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Quote from: Davidvictorson on August 14, 2023, 09:20:00 AM

I wait for the time when 1 Satoshi is equal to a dollar. I have a good number of Satoshis in my hardware wallet and it will be good to see how much it get during that time. We would see this happen. The awareness and adoption rate is on the increase and the demand is rising too. This is making the price climb steadily. Next year before and after the halving, the price would be totally different. We would get there. Impossible is nothing.

I would say that it is not impossible. But according to the actual picture, it takes a lot of time to go to this stage. There is no chance that 1 satoshi will be worth 1 dollar yet since 21 million bitcoins have not been added to the circulating supply. Moreover, since there is an average of only 1 trillion trades per day in the crypto market, it is not appropriate to expect that price of Bitcoin at this time. But I believe since Bitcoin's total supply is limited we will definitely see something like that at some point. On the other hand, many people have made price predictions regarding the price of Bitcoin where the price of Bitcoin can reach 1 million in the future. At that time 1 satoshi won't 1 dollar but it could have increased significantly.

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Quote from: bitgolden on August 27, 2023, 12:36:10 PM

Quote from: Abiky on August 22, 2023, 11:05:55 AM

It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts Grin

Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.

while I believe in what you said , but not completely agreed , confirming that this will never happen in our Life time at least is over statement , because for most of us , there are no impossible to happen when it is about bitcoin.
isn't bitcoin proven more than enough ? so maybe it is not happening but there is at least small chance.

Quote

I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.

indeed , exaggeration will not bring any good to all of us, because this is what it is accumulate more and expect good but not too much.

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Quote from: Abiky on August 22, 2023, 11:05:55 AM

It's completely mind-blowing to know that there are quadrillions of satoshis in existence. Imagine how expensive it will be to use BTC once 1 satoshi hits dollar parity. If that happens, eveyone would have to move to the Lightning Network. Or developers could just divide 1 satoshi into smaller denominations (although I think that would require a hard fork).

If we are alive by the time 1 satoshi equals $1 (which I doubt), we'd become filthy rich. I'm confortable with BTC hitting at least $1m. As long as it stays decentralized, there should be nothing to worry about. Who knows what the future holds for the cryptocurrency? Just my thoughts Grin

Although it would be wild, it will not happen. As people have pointed out, bitcoin would have to be way too much for that to happen, if we are talking about 100+ years later then maybe it would but we are not going to see it happen in our life time and I think that is the most important part.

I understand that some people will want to see it go as high as possible but that doesn't mean that it is going to be too good. We should just aim at making as much profit as we can and not make some sort of unrealistic amount of money, it will not work at all. I hope that we could do something that would be different, it should be important to just make it work and not hope for 1 satoshi to worth 1 dollar, we just need bitcoin to go up, as simple as that.

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