Topic: One satoshi for $1 dollar will occur someday - page 3. (Read 831 times)

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.

From the days of bitcoin pumping high reaching ath value above $20k there started discussion on the price of one Satoshi equal to $1. None can assure this will happen and it won't happen, because the cryptomarket is entirely different and reacts to speculations as well as different incidents happening around the market. If the market keeps progressing in the same rate possibly within the next two halving we can experience a Satoshi equalling the value of $1.

as I know, the price movements of altcoin and bitcoin are of course very different, some altcoins also have a supply of 21 million pieces but the price cannot be as expensive as bitcoin because price movements depend on how demand is in society, meaning when the coin can be used by many people and can simplify transactions, the price will rise because the higher the demand the higher the price.

this is all what we are waiting for,to have this huge value that is why i am always keeping every single satoshi i earned and even in all my wallets i make sure that each will keep safe.
we are just 10 years and running ,there are so many years for this thing to happen,if not in our generation then maybe in the next or next,so that means the possibilities is still there.and besides the value is keep on increasing years after.

One chance is if people will use only bitcoin, and we know that there are many altcoins, that probably won't happen.

The other chance is because bitcoin has scarcity and the world's population is way bigger than that 21 million bitcoins.

This is just a dream valuation that we will not achieve simply because no one will be sending a thousand dollar transaction fees and it is show the biggest flaw when you are talking about one satoshi a dollar. The price will move higher as longer as the terms are fair in accordance to the transaction charges and once it crosses those then you will have a hard time to see the value moving further and the hence the million dollar valuation by the speculators will make me cringe and that is the reality.

I don't believe in.such high price either but people like to exaggerate. They dream about huge Bitcoin price that will enable them to become.rich over night. There is nothing wrong in dreaming but we need to consider some facts too. And it's much better to focus on reality and current situation, how to get the best out of market and the best profit instead of dreaming of something that might never come.

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?

The price of 1 dollar to 1 satoshi requires one bitcoin to be 100 million dollars. That means the 18 million bitcoins would worth 1,800,000,000,000,000 total. That is 1.8 quadrillion dollars. Yes you heard it right, in order for 1 satoshi to be equal to 1 dollars, the total market cap has to be close to 2 quadrillion dollars which is far exceeding all the economies in the whole world all together combined.

So, there is either no chance that something like that would ever happen, or maybe USA will go belly up and becomes like Zimbabwe and dollar will worth nothing, which I highly doubt will ever happen with the amount of power they have over the world. In the end if you think anything above 20 trillion dollars total market cap will happen any time soon, you are quite wrong.

while i am very proud reading threads like this but it is too much to expect mate,meaning Bitcoin will reach $100 million dollars in future?sorry but this is very huge to look as reality.
but who knows right?if we can even make a x100 for 2 years since 2015-2017 so what more in another 50-100 years?
hoping that we can still experience those days or much better if will happen earlier for us to taste our risk and fruit in investing here.

Well for that to happen Bitcoin must be extremely expensive first. 100,000,000 satoshi worth 1 Bitcoin, this only means that it would be a long way run, in fact it is almost impossible to happen.
I like the way of being optimistic that it would reach worth of $1 but this is so unrealistic even if the market is volatile.

Bitcoin is unlikely to ever have a price of one million dollars. One hundred million dollars it will never cost. This is simply unrealistic, despite many optimistic forecasts in this regard. With such a high level of price volatility, it will fall in price much earlier than it can reach high price values.

If that is the case, he is right bitcoin doesn't have extra features like PoS, Smart contracts yet, or any additional features like privacy or something that people can use every day other than being a store of value and transfer.

But with the time that can change, there are a lot of developers working to bring to bitcoin those and more features, like RSK with smart contracts running on the bitcoin blockchain.

We can say for sure, who knows it will really reach one million per bitcoin but I guess it’ll take more years perhaps 40 years or more. Bitcoin has a limited supply and satoshis are almost mined so with the scarce nature I think the price will rise once bitcoin will be used as another mode of payment. Anyways, t is still a long way for bitcoin and well see what’s gonna happen in the future, whats important now is that the price is showing a good trend so far and hopefully it’ll continue.

Looking by these numbers seems literally impossible to reach, but who knows, this will become the price of each sats. Though the probability of this to happens is below 1%, still some crypto enthusiast will put their faith for this.
I can't also imagine how much 1 Dollar would cost in the future if this happened. For sure 1 Dollar would cost less compared today.

lol McAfee should write fictional books or stories but he finds trolling less effort.   I dont know why people want to take what he says as serious or reliable.
   The only important point to take away is alt coins are willing to pay and finance his opinions, for a small player like himself the choice is with alt coins.   BTC is going to pay him zero, the idea to promote is that alt coins take over the BTC eco system.
  I wont dismiss the idea outright, if you have the skill and good judgement also luck to find an alt coin that will find a foot hold in crypto then well played.    Ive no doubt the amount of growth realised in any capital invested in a successful idea would be worth making time for that idea.   Its just the new ideas will not result in success, perhaps 99% do not genuinely make progress or become part of the wider phenomena.   Meanwhile BTC is likely around for decades it seems and that though boring to some is revolutionary to the wider world.   I'm still off on $1 sat though.

He is going to be proud? You probably aren't updated with the recently news. He used to support bitcoin back then and made an absurd bet. But lately he backed off and took a negative stance against bitcoin. He started calling bitcoin a shitcoin. He now considers bitcoin as a coin with ancient technology and believes that there are other tons of alt coins that can dominate the market and are going to be considered a true crypto coin.

History repeats is how I would expect to predict what is a successful product in future and BTC is something that must provide utility in a competitive comparison to other standards possible.   The most probable reason for BTC to be superior to other blockchains is it operates the most difficulty to break and compromise, this gives it a standing advantage in every other consideration.   The best use of money is for security, provision of value that continues overnight and to days where the holder can use value previously accumulated.  
   There are other considerations like ease of use but I think gold proves society will form around a standard so long as its reliable, exchanging precious metal isnt as convenient at BTC can be but I would still estimate gold could prove a more widely used standard in future because of this security element to it where it cannot easily be compromised by any single nation.     Alt coins have to prove themselves as capable both in security and go onto be superior in multiple usage paths like speed of confirmation, etc.

   The easiest point to make on BTC for usage by every member of a nation is ease of use, its still not achieved a level where its like a remote control.   It has to become completely non technical I think, computers were ignored by a majority until mobile phones came out and that was the tipping point.   Hopefully we do see BTC achieve some kind technological singularity where it is essential and clearly superior to FIAT, the price is secondary and will only come after widespread acceptance, usage and reliance.

https://en.wikipedia.org/wiki/Technological_singularity

Assuming that happens the question is what you can buy with that satoshi when that happens, if the dollar went through hyperinflation it is likely that dollar is not going to be enough to buy anything so the ratio of one dollar for one satoshi may not be significant at all at that point in time and it could be argued whether we are going to measure the price of bitcoin against dollars at all.

However if that happened when the dollar still has some purchasing power then that will be a great victory for bitcoin and all of us which have supported it for years.

We don't know yet which currency will become the popular one, we can guess it will be bitcoin for being the first one. But the list of many better altcoins are getting more popularity and when people realize the good features of those altcoins then they will start buying plenty of them, today is btc turn but soon it will be altcoins turn!