One satoshi for $1 dollar will occur someday - page 4.

Wilhelm

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Quote from: xvids on February 12, 2020, 10:20:36 AM

Quote from: peter0425 on February 12, 2020, 07:11:30 AM

Quote from: jossiel on February 10, 2020, 03:50:11 AM

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

not even in the next 20 years i guess?and by that time all Bitcoin yet been mined so the more the value may not go that High.

and 1BTC per 1 is far from our imagination,we still in struggle about Governments interruptions so once the majority gets adoption then maybe we will see the light towards that Huge amount of conversion .

I also agree I think it wouldn't really be that high just imagine the transaction fee when 1 sats become $1.
And if it ever reach that high it would be hard to pay for some ¢ since1 sat is already $1 how about the cent's?

Bitcoin can be divided deeper than 1 satoshi so this isn't an issue....
We could go nanosatoshi or whatever....

xvids

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Quote from: peter0425 on February 12, 2020, 07:11:30 AM

Quote from: jossiel on February 10, 2020, 03:50:11 AM

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

not even in the next 20 years i guess?and by that time all Bitcoin yet been mined so the more the value may not go that High.

and 1BTC per 1 is far from our imagination,we still in struggle about Governments interruptions so once the majority gets adoption then maybe we will see the light towards that Huge amount of conversion .

I also agree I think it wouldn't really be that high just imagine the transaction fee when 1 sats become $1.
And if it ever reach that high it would be hard to pay for some ¢ since1 sat is already $1 how about the cent's?

peter0425

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Quote from: jossiel on February 10, 2020, 03:50:11 AM

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

not even in the next 20 years i guess?and by that time all Bitcoin yet been mined so the more the value may not go that High.

and 1BTC per 1 is far from our imagination,we still in struggle about Governments interruptions so once the majority gets adoption then maybe we will see the light towards that Huge amount of conversion .

buwaytress

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Quote from: vintages on February 11, 2020, 06:56:03 PM

I see it coming to pass one day too, it's only but a matter if time. When more adoption and exposure occur.
However, the way we handle it now speaks more of the future. Nowadays, almost 70 percent of those who own Bitcoin are hodling for when the price will increase to sell for profits. Some hardly want to spend their Bitcoin. Its makes it look like Bitcoin is just for profit and not for payment. I just hope this won't affect the future of Bitcoin.

More adoption and more exposure is always occurring! That does not necessarily translate into price increase at all and we can see this from the hundreds of stagnating projects where numbers slowly creep up.

Not sure also where you get your 70% hodling numbers from, but it can't always be just hodlers for the sake of holding if you still want actual adoption to go up.

vintages

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I see it coming to pass one day too, it's only but a matter if time. When more adoption and exposure occur.
However, the way we handle it now speaks more of the future. Nowadays, almost 70 percent of those who own Bitcoin are hodling for when the price will increase to sell for profits. Some hardly want to spend their Bitcoin. Its makes it look like Bitcoin is just for profit and not for payment. I just hope this won't affect the future of Bitcoin.

STT

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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.

milewilda

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Quote from: fudster on February 10, 2020, 11:39:10 AM

OHYA that's big. Its very possible. The adoption of of mobiles phones where we can assume everyone has wallets that works like Swiss banks, the price spike rate may be faster. 21M BTC is not enough for all the people in the world seeing some individuals today has more than 100K BTC in their wallets whiles some of us only have about 0.05 BTC as part of their retirement plan.

It wont really be enough yet there would be inequality in terms of overall supply of BTC.If demand is high then we might see big numbers but im not really into that hopes of 100M/Coin.
Its just too unrealistic even if im bullish with btc but it wont really come into that certain extent to believe into those numbers.Reaching previous ATH would be much more realistic
or eve $30-40k is reasonable.

USBitcoinServices.Com

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Quote from: avikz on February 10, 2020, 10:03:53 AM

Quote from: USBitcoinServices.Com on February 10, 2020, 02:01:35 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. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

It sounds vastly unrealistic! If Satoshi value reaches to that level and if the world mass starts using bitcoin for their daily use - just imagine the number of transactions the network will have to handle! At the current state, bitcoin network is simply not capable of handling such volume! I am not being pessimistic here but realistically thinking the situation!

Yes at this time it looks unrealistic.

Perhaps before we go that far in comparison the best way to put it is to say when 1 satoshi reaches the price of $0.01 dollar; then that would be 1 bitcoin = 1,000,000 which is closer than $1 dollar for sats, in terms of time.

And Lightning network is something that will help to handle a lot of tx per second.

justdimin

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Possible and probable are very different words. 1 million dollars per bitcoin could happen in an hour, it is technically "possible", I mean can anyone say that it is impossible? What would happen if warren buffet, jeff bezos and bill gates all came together and used all of their available money to buy bitcoins? What would happen if countries pass a law and start to have a crypto reserve as well tomorrow and buy billions themselves as well? None of these make any sense at all and we know it won't happen but the "technical possibility" is there.

However, nobody expects bitcoin to go up that much this quickly since the adoption is not that high yet. Sure we can see 100k, 200k, 1million or even higher "one day" but it is not going to be suddenly tomorrow, it is going to take years before it happens.

Betwrong

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Quote from: gentlemand on February 11, 2020, 06:16:20 AM

Quote from: Slow death on February 11, 2020, 04:41:08 AM

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi = $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Yeah, I mean, it's not even a question of how BTC is doing currently, but rather of who is supporting it, or what team is behind it, to be more precise. If Mercedes-Benz were still producing same automobiles Karl Benz built in 1885

they would hardly be selling hundreds of thousands cars worldwide, each year, currently. Same goes for BTC. It has been evolving all the time, with a great team of developers behind it. Maybe in 100 years, the Bitcoin we know today will make the same impression as the first car in comparison with modern ones, but it still will be called Bitcoin.

bitgolden

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Quote from: Slow death on February 11, 2020, 04:41:08 AM

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi = $1 may be a mistake

Actually price for bitcoins should reach above $100,000,000 in order for us to see satoshi at $1 as we all know satoshi is one hundred millionth of bitcoin. Expecting such huge price for bitcoins might not be that good because it might take years or maybe even decades to reach that price. This huge pump might also make a lot of altcoins achieve great heights and altcoins posses more properties than bitcoins to be used as a medium for payments.

There are some altcoins which are originated as a mean of payment similar to XRP and they might take the throne from bitcoins in the coming future if ever prices for each of the cryptocurrencies are sky rocketing.

Febo

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Quote from: USBitcoinServices.Com on February 10, 2020, 02:01:35 AM

One satoshi for $1 dollar will occur someday

A lot more USD will need to be printed for that. But yes is possible. Eventually Central banks will print just to buy Bitcoin.

duff_lesterny

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Quote from: gentlemand on February 11, 2020, 06:16:20 AM

Quote from: Slow death on February 11, 2020, 04:41:08 AM

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi = $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Hi, What do you mean by "No one is building Feathercoin futures"?

It is great to see that old coin being quoted here and there like in the last Gemini Man movie with Will Smith.
There will be a Feathercoin future for sure.

redsun114

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Quote from: USBitcoinServices.Com on February 10, 2020, 02:01:35 AM

Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

Satoshi is a smallest part of bitcoin. If you are having these huge expectations from satoshi than can you imagine the price of bitcoins in the coming future. Also, I do agree with you that satoshi might be used as a medium to pay at local shops like vegetable store, etc but have you ever imagined how would you pay the fees for each and every transaction?

Currently for transacting bitcoins we need to pay fees via satoshi and if we are using satoshi to make a payment than how could we pay the fees? It won't get profitable transacting with satoshi for lower amount trades like if we are buying vegetables worth $5 than how many satoshi would we need to pay the fees? Maybe 5 - 10 satoshi? This would never make transacting with satoshi profitable.

arwin100

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Quote from: TheGreatPython on February 11, 2020, 03:29:26 AM

Quote from: Saisher on February 10, 2020, 06:10:50 AM

I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40 years from now.

On what basis, you are setting a target at $200k ? Just because of current ATH is $20k ? It means you just expect another 10x growth and then bitcoin will remain stable without growing in value? You must be 200% wrong by considering how much adoption potential remaining world wide and how much investments bitcoin may attract in coming years.

One million dollar per bitcoin might be possible in 2021 or within 2022. Similar what OP is dreaming may happen within this decade or at least by the beginning of next decade.

Atleast he believes that Grin

but seriously we cannot expect that to be happen since it's nearly close to impossible that we get on that $200k figure nor any bigger than that since we cannot assure that we can get a global mass adoption nor reach to the youngest to the oldest generation acceptance since bitcoin still uncontrolled by anyone since the creator is no where to found, but I wonder if Satoshi will be traced up or show maybe he will like to have legal entities to regulate this to became legal globally.

But for now let's stay on the current or nearest figures.

michellee

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Impossible? I guess that is not impossible because that can happen in the future if all countries use bitcoin, and they agree to make bitcoin as one currency for all countries. But I don't know if that will happen for sure or not because we don't know what will happen in the future. But if it happens, then people who have bitcoin although it is small satoshi, they will be a rich person in their city Grin

gentlemand

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Quote from: Slow death on February 11, 2020, 04:41:08 AM

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi = $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Slow death

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Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi = $1 may be a mistake

Japinat

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Probably that would be the biggest success of bitcoin and its investors, and I don't know if I can still hold that long, I might be tempted to sell before that price will come but if that would really happen maybe people are already adopting in bitcoin and they are not using fiat anymore.

TheGreatPython

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Quote from: Saisher on February 10, 2020, 06:10:50 AM

I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40 years from now.

On what basis, you are setting a target at $200k ? Just because of current ATH is $20k ? It means you just expect another 10x growth and then bitcoin will remain stable without growing in value? You must be 200% wrong by considering how much adoption potential remaining world wide and how much investments bitcoin may attract in coming years.

One million dollar per bitcoin might be possible in 2021 or within 2022. Similar what OP is dreaming may happen within this decade or at least by the beginning of next decade.

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