One satoshi for $1 dollar will occur someday - page 2.

milewilda

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Quote from: KTChampions on February 18, 2020, 05:04:47 AM

Quote from: Dr.Osh on February 18, 2020, 01:20:30 AM

Quote from: KTChampions on February 17, 2020, 04:27:45 AM

Given how fast technology is changing, and especially society, there is no point in talking about the prospects for several centuries. Perhaps in 100 years the very concept of money will change dramatically. Perhaps bitcoin will be the cause or part of these changes.

honestly, it will cause economic chaos. if 1 bitcoin means $ 100 million, then if 21 million bitcoin, then it becomes very much. if it is spread on the internet, then the person who has the most bitcoin will be the richest people in the world. Well, I'm pretty sure this won't happen. there will be many contradictions about it. even I was quite grateful when the price of bitcoin has reached a price of $ 100000.

I think that even a level of $ 100,000 will be absolutely unrealistic. Perhaps the price will touch it for a short time and immediately fall down, but the long-term maintenance of the price at this level is unrealistic since in this case the costs of maintaining the bitcoin network will be absolutely unrealistic (about $ 20 billion a year).

Dont know if this discussion is really worth to be talked on.We have seen millions and hundreds of thousands in prices, being too optimistic isnt bad
and as said by others we should be at least realistic so that we wont stress up our minds on waiting for something which wont gonna happen.
Even on full adoption with btc, we cant reach that price for sure and it would be much more appealing if we do just focus nor do talk
about on when the price will reach its previous ath or even surpass it.

Questat

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That would be the time where everyone of us who can hold longer will become reach, imagine if you are holding 1 btc at that time that's $100 million dollars of money and it could certainly change our lives. For people who just use it for transactions they'll not benefit in making money but the fact that BTC has move that high, there must be a big improvement that would cause a massive adoption.

bhabygrim

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I don't think that we would ever see it happens.
I couldn't imagine who would still use it that time how much would it cost to do a transaction.

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Quote from: ballerin and giroud on February 18, 2020, 05:43:48 AM

It is someday and we don't know that situation can be experienced by us. There are many things that will faced by bitcoin and its user, yeah regulation will be the first thing that will always be prevent bitcoin get mass adoption. Mass adoption is the one way for bitcoin have a high price because as you know its price rely on supply and demand and there is no manipulation against it. Other than that bitcoin will never be use as main of payment system that can be used by all human on this world. Because bitcoin is different with the money fiat which we are using now.

These days we see all the altcoins are using satoshis as a reference in order to express their value, many things will do the same, using satoshis in order to express their value, not just altcoins, altcoins now are showing the world the example, many items will follow suit using sats also. And because of scarcity in bitcoin max supply, satoshis are getting more attention everywhere.

ballerin and giroud

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It is someday and we don't know that situation can be experienced by us. There are many things that will faced by bitcoin and its user, yeah regulation will be the first thing that will always be prevent bitcoin get mass adoption. Mass adoption is the one way for bitcoin have a high price because as you know its price rely on supply and demand and there is no manipulation against it. Other than that bitcoin will never be use as main of payment system that can be used by all human on this world. Because bitcoin is different with the money fiat which we are using now.

KTChampions

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Quote from: Dr.Osh on February 18, 2020, 01:20:30 AM

Quote from: KTChampions on February 17, 2020, 04:27:45 AM

Given how fast technology is changing, and especially society, there is no point in talking about the prospects for several centuries. Perhaps in 100 years the very concept of money will change dramatically. Perhaps bitcoin will be the cause or part of these changes.

honestly, it will cause economic chaos. if 1 bitcoin means $ 100 million, then if 21 million bitcoin, then it becomes very much. if it is spread on the internet, then the person who has the most bitcoin will be the richest people in the world. Well, I'm pretty sure this won't happen. there will be many contradictions about it. even I was quite grateful when the price of bitcoin has reached a price of $ 100000.

I think that even a level of $ 100,000 will be absolutely unrealistic. Perhaps the price will touch it for a short time and immediately fall down, but the long-term maintenance of the price at this level is unrealistic since in this case the costs of maintaining the bitcoin network will be absolutely unrealistic (about $ 20 billion a year).

Dr.Osh

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Quote from: KTChampions on February 17, 2020, 04:27:45 AM

Quote from: Divinespark on February 15, 2020, 10:53:16 AM

100 million $ per bitcoin, that's a crazy price for this market. And I think that if this happens, we need to wait a few more centuries. Currently the price of bitcoin is only $ 10,000 and its growth is still too slow, I hope that this year prices can go through ATH and create something really big to attract investors.

Given how fast technology is changing, and especially society, there is no point in talking about the prospects for several centuries. Perhaps in 100 years the very concept of money will change dramatically. Perhaps bitcoin will be the cause or part of these changes.

honestly, it will cause economic chaos. if 1 bitcoin means $ 100 million, then if 21 million bitcoin, then it becomes very much. if it is spread on the internet, then the person who has the most bitcoin will be the richest people in the world. Well, I'm pretty sure this won't happen. there will be many contradictions about it. even I was quite grateful when the price of bitcoin has reached a price of $ 100000.

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Quote from: Wind_FURY on February 10, 2020, 07:01:39 AM

Is that why there are milli-sats in the Lightning Network? Cool

Quote from: USBitcoinServices.Com on February 10, 2020, 03:01:35 AM

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

Satoshis will become the new money standard in people's daily life.

OP, that's the dream/goal, but the price shouldn't be all important. The price should only be as a way to compare value.

I didn't know that there is such thing as milli-Sats looks like Satoshi really have it all planned all along.
Even if the 21M cap has been mined and 1 Sat have rise to being $1 each there would still be a smaller dividents.
I also agree that we shouldn't worry about the price we should look for it's value,
Who knows if that time comes when 1 Sat=$1 a dollar could only be worth 1 cent of our current money.

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Quote from: USBitcoinServices.Com on February 17, 2020, 10:39:08 PM

For sure in 100 years from now and even before, the concept of money has to change one or another way, nothing will stay static and the status quo changes with time, many years. Status quo and comfort are the things why society can't move forward faster.

and that will happen for sure because Paper money need to be replaced and Electric money will take place.
we are now living in technological world with computer almost in every individual so whats the needs for Fiat?when we can purchase and pay everything using our Cryptocurrencies?this is our future and what must be our next generation to benefits from us.

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Quote from: KTChampions on February 17, 2020, 04:27:45 AM

Quote from: Divinespark on February 15, 2020, 10:53:16 AM

100 million $ per bitcoin, that's a crazy price for this market. And I think that if this happens, we need to wait a few more centuries. Currently the price of bitcoin is only $ 10,000 and its growth is still too slow, I hope that this year prices can go through ATH and create something really big to attract investors.

Given how fast technology is changing, and especially society, there is no point in talking about the prospects for several centuries. Perhaps in 100 years the very concept of money will change dramatically. Perhaps bitcoin will be the cause or part of these changes.

For sure in 100 years from now and even before, the concept of money has to change one or another way, nothing will stay static and the status quo changes with time, many years. Status quo and comfort are the things why society can't move forward faster.

KTChampions

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Quote from: Divinespark on February 15, 2020, 10:53:16 AM

100 million $ per bitcoin, that's a crazy price for this market. And I think that if this happens, we need to wait a few more centuries. Currently the price of bitcoin is only $ 10,000 and its growth is still too slow, I hope that this year prices can go through ATH and create something really big to attract investors.

Given how fast technology is changing, and especially society, there is no point in talking about the prospects for several centuries. Perhaps in 100 years the very concept of money will change dramatically. Perhaps bitcoin will be the cause or part of these changes.

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Quote from: pixie85 on February 16, 2020, 06:58:11 PM

Quote from: GmAdvice on February 14, 2020, 08:34:38 AM

Only answer that makes sense. 1 satoshi at $1 pins Bitcoin at $100Million. Not gonna happen unless some major shit happens. Probably not in our life time. Maybe our grandchildren's lifetime, but nobody knows the future.

Bitcoin is that major shit. It's already happening, dice are rolling, cards are in play.

Bitcoin remain the real deal but we need to be realistic in some situation for the bitcoin market can not be mathematically predicted and like GmAdvice said i also see the price of bitcoin market making it to the predicted price range now despite we're approaching the bullish market.

pixie85

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Quote from: GmAdvice on February 14, 2020, 08:34:38 AM

Only answer that makes sense. 1 satoshi at $1 pins Bitcoin at $100Million. Not gonna happen unless some major shit happens. Probably not in our life time. Maybe our grandchildren's lifetime, but nobody knows the future.

Bitcoin is that major shit. It's already happening, dice are rolling, cards are in play.

Quote from: KTChampions on February 14, 2020, 06:19:08 PM

I see one real scenario for OP’s predictions to come true: we must not calculate in US dollars but in Zimbabwean dollars. In this case, everything is real Cheesy

Seriously speaking, the option described by OP is impossible - the commissions on the network will be unrealistically large.

A Bitcoin is worth 3.6 million zimbabwean dollars if you count the price of BTC at 10 thousand USD so it's long past 1 million per Bitcoin Wink

You need to find a more suitable currency to fit the value.

wozzek23

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To everyone who keeps saying bitcoin will go up while dollar value will go down, that will definitely happen but NOT 100 MILLION PER BITCOIN. Are you guys crazy? I mean we are talking about bitcoin at 100 million dollars PER bitcoin and not marketcap, thats literally more money in marketcap than all of stock markets in usa combined! It won't nor can't happen in the 100 years from now, the inflation is not as high as you guys imagine it is, even in 100 years following today at the year of 2120 the price won't be that high because inflation is not that high.

However, the price for maybe something more realistic could happen, maybe 100k? Maybe even 1 million one day could happen but the 100 million can't, I still think even 10 million for per bitcoin can't happen in the next 50 years as well. I am even a bull for bitcoin as well, this is me being so hyped about the future of bitcoin but I am also realistic as well, know that it will go up, just not THAT much.

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Quote from: STT on February 11, 2020, 07:44:17 PM

BTC wont be taking over every type of currency I doubt, I dont even think the domination of USD since ww2 will be repeated again for a while. BTC value will rise but also the dollar value people use as reference is going to drop as well, they are inverse in that way. They'll be more variety of currency types in future, thats my take not so much technology point of view but I think politics and global trade will shift.

That's right, and knowing the average inflation rate of USD during 1800-2000, which is about 1.38% per year, and also knowing that recently it climbed up to 2.5% per year, we can conclude that with the current demand for BTC "$1 USD for 1 satoshi" can take a very long time (not less than 1,000 years, according to my rough estimate). And although we know that demand for BTC will rise, we can't expect more than $200k for 1 BTC, or $0.002 for 1 satoshi, in the nearest future.

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One satoshi for $1 is impossible. Now Bitcoin is at $10,000 mark, it will be bullish, but not so long, or it will take centuries.

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100 million $ per bitcoin, that's a crazy price for this market. And I think that if this happens, we need to wait a few more centuries. Currently the price of bitcoin is only $ 10,000 and its growth is still too slow, I hope that this year prices can go through ATH and create something really big to attract investors.

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Quote from: rdluffy on February 13, 2020, 02:35:31 PM

I'm sorry, even I, a very opmistic person about BTC and the blockchain in general, can't believe in such price
There's a lot os scenarios of probability, but to achieve this price per satoshi, a BTC have to hit 100 millions dollars, yes a single coin of BTC
Can you explain how can we have this money on criptos?

I see one real scenario for OP’s predictions to come true: we must not calculate in US dollars but in Zimbabwean dollars. In this case, everything is real Cheesy

Seriously speaking, the option described by OP is impossible - the commissions on the network will be unrealistically large.

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everyone else on this room seem to not disagree with this prediction but will i disagree with them ? no .im just like them actually because i also think that 1 usd for one satoshi is feakin insane . first , 1 bitcoin needs to reach a really huge value which is also not possbile because look at its value .bitcoin already struggle to reach 10k but how much more over a million dollars ? people will already selll what they have once the value reach over 20k and with that price point , the growth will now stop and fall down again .

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Someday and speculation. Everyone can say what they predict and i think it is good discussion. Maybe for me, i am not really think that far because will need high price of bitcoin, with that, maybe bitcoin itself will be something that only a few people can have.

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