Can 1 satoshi be worth $1 in the future? - page 6.

Abiky

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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

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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

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!

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Quote from: STT on August 19, 2023, 06:23:56 PM

I really dont because this would represent a negative for those poorer people of the world. I want BTC to be as cheap and available as possible so we have every level of the economy represented, Im determined if BTC ever became an elite vehicle for its speculator gains perhaps that it will fail at that point. Bitcoin should stay true to its definition and represent the bits more then the billions even if it does head to the higest values feasible Im fairly sure we do need the smallest transactions to always be possible. This has been a feature of impairment previously like 2017 I paid over 30 dollars to move a balance which despite great gains at that time was quite sad in being required.

I'm pretty sure developers will come up with a solution by the time 1 satoshi hits $1. They could either make satoshis fractional or simply move most of the network activity to the Lightning Network. We have plenty of years to enjoy BTC before this happens. It's likely we'll be dead once BTC goes all the way to $100m. It's an insane prediction, but anything's possible.

What matters is that Bitcoin remains decentralized so it could stand the test of time. No matter how much a BTC is worth in the future, I'd say it has already achieved its purpose in bringing financial freedom to all. Who knows if the whole world is close to adopting BTC as an alternative to Fiat currency? Just my opinion

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Quote

Of course we hope that one day the price of 1 satoshi is equivalent to $ 1,

I really dont because this would represent a negative for those poorer people of the world. I want BTC to be as cheap and available as possible so we have every level of the economy represented, Im determined if BTC ever became an elite vehicle for its speculator gains perhaps that it will fail at that point. Bitcoin should stay true to its definition and represent the bits more then the billions even if it does head to the higest values feasible Im fairly sure we do need the smallest transactions to always be possible. This has been a feature of impairment previously like 2017 I paid over 30 dollars to move a balance which despite great gains at that time was quite sad in being required.

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Quote from: Pejoh Asu on August 18, 2023, 09:35:24 AM

Of course we hope that one day the price of 1 satoshi is equivalent to $ 1, so that 1 btc price $ 100 million, of course this is a fantastic value and makes many people rich, but we don't know whether bitcoin will reach $ 1 per 1 satoshi or be abandoned because it is not worth and found a better trading system.

However that is precisely the issue, 100 million dollars for each bitcoin may seem like a fantastic price but what if I told you that you can only buy a soda with that amount on the future due to the inflation that is out of control? Suddenly 100 million dollars for each bitcoin does not seem anywhere as attractive, so while we often think about bitcoin in terms of dollars sometimes it is more accurate to think of it in terms of what you can buy with it, as this tells you more clearly the value of bitcoin compared to other assets.

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Of course we hope that one day the price of 1 satoshi is equivalent to $ 1, so that 1 btc price $ 100 million, of course this is a fantastic value and makes many people rich, but we don't know whether bitcoin will reach $ 1 per 1 satoshi or be abandoned because it is not worth and found a better trading system.

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Quote from: afbitcoins on August 14, 2023, 12:55:05 PM

1 satoshi can absolutely equal $1 in the future. this will signify a collapse of a fiat currency which has happened many times. The US dollar is not immune. Politics and banker greed causes it.

The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do

I'm quite suprised noone mentioned this already

That would be called "fractional satoshis". I believe Bitcoin Cash and eCash (formerly known as Bitcoin Cash ABC) have already implemented this. BTC could be divided into more units if it achieves such high market prices. Maybe half or a quarter of a satoshi will be the standard by the time this happens. Neither you or I will be alive once 1 satoshi hits $1. If it happens early, that means the USD lost its value big time. "De-dollarization" has already begun, so anything's possible.

I'd focus more on accumulating BTC for the future. Even if it doesn't hit $100m during our lifetimes, we can still profit with every new ATH. For what I know, $1m is right around the corner. Who knows? You might become the next Bitcoin millionaire if you act early. As long as BTC remains a deflationary cryptocurrency, there should be nothing to worry about. Just my thoughts Grin

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Quote from: bitterguy28 on August 15, 2023, 03:39:30 AM

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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.

Well, since I saw Doge's price almost reach $1, I feel that 1 satoshi has the potential to reach that price. At first I thought that if we look at bitcoin from the satoshi price, then the volume it gives will be very large. However, the base coin is bitcoin which has enormous potential. it's just that, to achieve that, bitcoin needs to have a very high price.

not sure why comparing to what made Meme coin towards satoshi?
Dogecoin is a whole coin when we are talking into a tin hair part of one Bitcoin.

But knowing what bitcoin is ? surely it will reach 1 satoshi=1 dollar

maybe in the long run , 5-10 years from now? who really can tell?

I think what he means is that even dogecoin, a useless coin that can reach 1 dollar per dogecoin, 1 satoshi can totally be worth 1 dollar. But to be honest, I never thought about that and I wanted to be more realistic. I will set goals for each stage one at a time, I don't want to think about things that are too far-fetched. To reach the goal of 1 bitcoin worth $1 million, bitcoin needs to hit 100k first and then 200k, 300k...And my first goal is for bitcoin hit $100k, when we get there, I will think further.

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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.

Well, since I saw Doge's price almost reach $1, I feel that 1 satoshi has the potential to reach that price. At first I thought that if we look at bitcoin from the satoshi price, then the volume it gives will be very large. However, the base coin is bitcoin which has enormous potential. it's just that, to achieve that, bitcoin needs to have a very high price.

not sure why comparing to what made Meme coin towards satoshi?
Dogecoin is a whole coin when we are talking into a tin hair part of one Bitcoin.

But knowing what bitcoin is ? surely it will reach 1 satoshi=1 dollar

maybe in the long run , 5-10 years from now? who really can tell?

afbitcoins

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1 satoshi can absolutely equal $1 in the future. this will signify a collapse of a fiat currency which has happened many times. The US dollar is not immune. Politics and banker greed causes it.

The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do

I'm quite suprised noone mentioned this already

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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.

Satoshi to one dollar is not possible for now. There is a saying, anything beyond the limit goes unused. In such a way the price of bitcoin to touch a dollar is simply impossible. Maybe after few decades this could happen. Slowly there is good progress in terms of adoption, usability and acceptance. Lets see whether this is going to make good pumping.

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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.

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Quote from: Abiky on August 13, 2023, 07:00:17 AM

Quote from: posi on August 11, 2023, 08:33:55 AM

Honestly, that's a crazy prediction but we also can't say it won't happen because we also have no proof that bitcoin won't hit $100 million, but once again, that's crazy. Right! we need to be more realistic with what's going on and what we're facing. We haven't even hit $100,000 let alone $1 million, which is a goal that won't be reached anytime soon. But I believe the government ban will be resolved soon because there are not too many countries banning bitcoin. And for it to hit a million dollars, we need a lot of factors combined, not just government acceptance of bitcoin.

I'm in no hurry to see BTC valued way above $1m per coin. It'll be a slow and steady process that could take decades, if not centuries, before it happens. Considering that BTC has always been achieving new gains in market price, it's very likely 1 satoshi will cost $1 in the distant future. We don't need to worry about that, because we'll all be dead by the time this happens. Future generations will be the ones that will witness the event when BTC hits the $100m milestone.

The only way this will accelerate is if the USD experiences "hyperinflation" in an instant. A worthless USD will surely lead us to high market prices for BTC. No one can predict the future, so lets hope for the best. Just my opinion

as you already said in your OP, everything is possible to happen. however, such situation can't be seen in the near future, yet. we can always speculate on this thing but what good it will bring to us? might as well speculate what will happen in the next couple or 5 years, so we know what we can do right now, to prepare for such situation.
for now, it is better to think of what you can do to your portfolio that will matter for the next years or so, because that will assist us on how to think right now about what to do in order to take advantage of the opportunity that will knock our door at any given moment of time.

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Quote from: Mr.suevie on August 13, 2023, 04:23:09 PM

Quote from: Renampun on August 12, 2023, 09:15:52 AM

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

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.

Anytime I can talks like this, I just like to go back to the time of when it all started and contrast with how far the market and growth of Bitcoin has become and if we look carefully we can see growth and adoption of Bitcoin is one thing people don't actually plan in stoping anytime soon and if the movement continue like this then it's very certain that in the nearing future the actually price of 1satoshi will be something to huddle for.

Instead of thinking of going back in time, why not starts accumulating now and make up on the lost time and opportunities? It is never too late if we start right now. Bitcoin is here for a very long time and there are still many 4-year cycles ahead of us where the ATH-breaking event happens. I believe if we are serious enough, we can even accumulate a single BTC in a 10-year duration.

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Quote from: Renampun on August 12, 2023, 09:15:52 AM

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

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.

Anytime I can talks like this, I just like to go back to the time of when it all started and contrast with how far the market and growth of Bitcoin has become and if we look carefully we can see growth and adoption of Bitcoin is one thing people don't actually plan in stoping anytime soon and if the movement continue like this then it's very certain that in the nearing future the actually price of 1satoshi will be something to huddle for.

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Quote from: doomloop on August 13, 2023, 01:28:09 PM

The actual question is, will people still be buying Bitcoin if it reaches that high with the hope that they might get some profit from it? I mean, one can obviously not buy a very large portion of it, and buying a small portion of it and selling it when the price of Bitcoin actually moves maybe about 1% wouldn't really give you much profit, so I wonder if it is actually possible for the price of Bitcoin to reach that high considering there won't be enough demand for buying.

People don't think that what makes the price of Bitcoin go up is basically demand from the public, and the main reason behind the demand is profit or benefit, so if the price goes significantly high, people won't get getting any profit for their investments, so why would they still be interested? Unless it becomes globally accepted for goods and services by then.

Don't forget that bitcoin is inherently deflationary, while fiat currencies are inflationary. This means that even in the absence of the expectation of a large increase in the price of bitcoin, it can be expected that holding funds in bitcoin will still be more profitable than in fiat. Therefore, people will still keep funds in bitcoins and spend fiat money.

Perhaps fast money lovers will become less interested in bitcoin, but those who are interested in preserving existing capital will become more interested in it.

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Quote from: CarnagexD on August 10, 2023, 10:55:34 PM

nothing is impossible in the market, anything has a likelihood of happening over another. But imagine if BTC which is now one of the most volatile asset in human history crashed, many people would be affected. That also means that other asset classes would be greatly affected. Stocks would follow to go down, houses, real state. The whole economy too would be affected.

The actual question is, will people still be buying Bitcoin if it reaches that high with the hope that they might get some profit from it? I mean, one can obviously not buy a very large portion of it, and buying a small portion of it and selling it when the price of Bitcoin actually moves maybe about 1% wouldn't really give you much profit, so I wonder if it is actually possible for the price of Bitcoin to reach that high considering there won't be enough demand for buying.

People don't think that what makes the price of Bitcoin go up is basically demand from the public, and the main reason behind the demand is profit or benefit, so if the price goes significantly high, people won't get getting any profit for their investments, so why would they still be interested? Unless it becomes globally accepted for goods and services by then.

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Quote from: posi on August 11, 2023, 08:33:55 AM

Honestly, that's a crazy prediction but we also can't say it won't happen because we also have no proof that bitcoin won't hit $100 million, but once again, that's crazy. Right! we need to be more realistic with what's going on and what we're facing. We haven't even hit $100,000 let alone $1 million, which is a goal that won't be reached anytime soon. But I believe the government ban will be resolved soon because there are not too many countries banning bitcoin. And for it to hit a million dollars, we need a lot of factors combined, not just government acceptance of bitcoin.

I'm in no hurry to see BTC valued way above $1m per coin. It'll be a slow and steady process that could take decades, if not centuries, before it happens. Considering that BTC has always been achieving new gains in market price, it's very likely 1 satoshi will cost $1 in the distant future. We don't need to worry about that, because we'll all be dead by the time this happens. Future generations will be the ones that will witness the event when BTC hits the $100m milestone.

The only way this will accelerate is if the USD experiences "hyperinflation" in an instant. A worthless USD will surely lead us to high market prices for BTC. No one can predict the future, so lets hope for the best. Just my opinion

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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

Judging from what has happened when the bitcoin value is still small, the satoshi value is very small, then when the bitcoin price touches ATH, the satoshi value also rises, so it is possible that if the bitcoin price penetrates millions of dollars then 1 satoshi can be worth up to several dollars, that's the reason why there is a lighting network development but I see LN adoption is still not being enjoyed to the fullest.

in the future it is possible that when bitcoin transaction fees are worth tens of dollars, miners will become more sophisticated and there will be more and more bitcoin investors.

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