Price of 1 Satoshi rise to $1? - page 3.

arpon11

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Quote from: Bittoshi on August 24, 2017, 04:09:36 AM

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

Sometimes I do regret selling my coins cheap this year. Satoshi getting to $1 will make many of us millionaires. Bitcoin has out perform every other illiquid assets this year and we are still going up. I have joined this great technology though very late but I know that I will be among the millionaireso in bitcoin. We should developed our skills in a way that we can make more bitcoin and became rich without the help of our governments

cocoinin

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Quote from: DonQuijote on October 09, 2017, 12:40:05 PM

Could be real, but we will dead, our rich children will be happy

c'mon, be more optimistic!

DonQuijote

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Could be real, but we will dead, our rich children will be happy

stomachgrowls

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Quote from: Clark05 on October 09, 2017, 12:33:43 PM

What ? 1 satoshi price is $1 is very impossible to happen in real life because if that the price of bitcoin its 100 million dollars and that very unreality price of a coin. Maybe the price of bitcoin after few years is 100k dollars even that the chances to happen is less only . Because for me the highest price of bitcoin is 50k dollars and its good for me to see that price to earn more profit in the future.

It is really unrealistic assumption or prediction on bitcoins price because it is really too much to consider and thinking off that 1 bitcoin holders or even 0.01 bitcoin holders would be considered as millionaires,right? Sounds good but this thing would only happen in our dreams but not on the physical world.We wont really reach up on this kind of situation and aim sure on that 10000000%.

Clark05

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What ? 1 satoshi price is $1 is very impossible to happen in real life because if that the price of bitcoin its 100 million dollars and that very unreality price of a coin. Maybe the price of bitcoin after few years is 100k dollars even that the chances to happen is less only . Because for me the highest price of bitcoin is 50k dollars and its good for me to see that price to earn more profit in the future.

Senja Kemuning

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Quote from: rhamzter on October 09, 2017, 05:39:18 AM

Quote from: Kisanaq on October 09, 2017, 04:19:54 AM

if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.

That's a good price if it is happen I also looking forward to that value of bitcoin in the market, I know it hard to achieve that goal of crypto currency. However I never leave to my mind the possibility that it will happen in the future. Otherwise due to good fluctuation of bitcoin in digital currency I believe that bitcoin reach that dream.

Yes, we can only wait for 100k price is reached, and while waiting for 100k price to happen then we still have a chance to invest bitcoin because current price is very cheap.

rhamzter

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Quote from: Kisanaq on October 09, 2017, 04:19:54 AM

if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.

That's a good price if it is happen I also looking forward to that value of bitcoin in the market, I know it hard to achieve that goal of crypto currency. However I never leave to my mind the possibility that it will happen in the future. Otherwise due to good fluctuation of bitcoin in digital currency I believe that bitcoin reach that dream.

Kisanaq

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if 1 satoshi = $ 1, then 1 btc = 100,000,000 and with 5 btc then I become a new rich person. Honestly I hope the price can be achieved because nothing is impossible in this world including bitcoin prices.

Black Angel

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Quote from: cocoinin on October 08, 2017, 07:12:24 PM

Quote from: X-ray on October 06, 2017, 04:51:32 AM

Quote from: cocoinin on October 06, 2017, 03:46:00 AM

Quote from: panapi3200 on October 05, 2017, 04:45:28 AM

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.

it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy

Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.

100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.

Agree, I can not to wait for the price of $ 1 = 1 satoshi, I hope to happen a maximum of 10 years, although it looks impossible but the price of $ 4500 nobody thought a year ago.

cocoinin

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Quote from: X-ray on October 06, 2017, 04:51:32 AM

Quote from: cocoinin on October 06, 2017, 03:46:00 AM

Quote from: panapi3200 on October 05, 2017, 04:45:28 AM

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.

it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy

Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.

100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper.

joinfree

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hahahah one btc = 100 million dollars, omg , i have never read something so ridiculous like this, first, a lot of people were saying that the price was going to be $50k, then $100k, then 1 million, and now 100 million dollars? omg, so then lets just go all claim faucets! we are going to be multi-millionaires in a few years!
I appreciate that you are so optimist, but not like this.. You need to face the reality, bitcoin at that price is just an illution.

The_Dark_Knight

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Quote from: shinratensei_ on October 05, 2017, 04:04:45 AM

Quote from: The_Dark_Knight on October 04, 2017, 04:22:40 PM

Quote from: bajing on September 25, 2017, 06:56:34 AM

No it will never happen, just one reason. if 1 satoshi worth 1 usd then how much transaction fee should we pay? and if it does happen, of course, the rich are bitcoin miners, not bitcoin users or bitcoin holders.

That is not really a reason do you think people are going to care about paying a huge fee for bitcoin when they are basically millionaires, that is not going to happen because the money needed for that to happen is simply too big and that could lead to a serious misallocation of resources in which there is a big bubble in bitcoin and not enough money elsewhere.

You must have forgotten the reason of why satoshi create bitcoin, it's for financial freedom and currency, and what type of currency requiring the spender to pay the damn fees about $20,000 dollars?
It just doesn't make sense if you say that they won't care if they are millionare at that time, but how about newcomers?

I said that the scenario is unrealistic to begin with, if 1 satoshi was equal to 1 dollar then there are two possibilities, either the dollar is not worth as much as it is right now due to inflation, or bitcoin became very valuable, if the first scenario is the correct on then a fee of 20000 dollars may be the equivalent of a few dollars today, and if the second scenario is the correct one then we will need to create a smaller unit than the satoshi.

Chris314

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Quote from: bifle on October 05, 2017, 05:00:06 AM

1 satoshi = 1 dollar ?
=> Wow, look at the price of a transaction then !

=> Maybe I'll use faucet a little bit more :p

Faucets will stop existing far before 1 satoshi reaches 1 usd, unless they offer their users fractions of satoshi as rewards.
Unless 1 usd is worth hardly anything in the future, we won't see 1BTC=100 millions usd.

King Sastro

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Quote from: Bacotan Bae on October 06, 2017, 11:53:42 PM

It seems it still takes a long time to reach 1 satoshi = $ 1, especially now many countries are banned bitcoin, if the user continues to increase like this year then for 10 years will be achieved.

Anything could happen, a year ago the bitcoin price was under $ 1000 and almost everyone and bitcoin users only predicted that the price would go up no more than 30%, but in fact the price went up more than 400%, and now the price is around $ 4350 and it seems like it takes around 5 year if the upward trend of 400% continues.

Joshapat

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There is still a lot of work to do, for example is the higher transaction fee that makes the user divert to altcoin, I think ideally the price of 1 satoshi is $ 1 so bitcoin will be greatly calculated.

Bacotan Bae

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It seems it still takes a long time to reach 1 satoshi = $ 1, especially now many countries are banned bitcoin, if the user continues to increase like this year then for 10 years will be achieved.

el kaka22

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Quote from: Izarok on September 28, 2017, 12:34:08 PM

I think that pricing is just way too much for the world market to handle. It all depends on the situation if dollars value do fall and if the only way for it to strive is to convert it to Satoshi amounting to 1 Satoshi to $1. For me the idea is a bit too far fetched from today's standpoint. Anyways, we will find that out in a couple of years to come.

Find out in a couple of years to come? I do not see the possibility of that even in the next 50 years. At that rate, do you know what the market cap would be like? It would be huge and by then it would not have just been a threat to the dollar but probably chancing it already. Grin

Nothing is impossible for sure but this one just seems a pretty too much for the head to absorb its possiblity at least not in a short while.

X-ray

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Quote from: cocoinin on October 06, 2017, 03:46:00 AM

Quote from: panapi3200 on October 05, 2017, 04:45:28 AM

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.

it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy

Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb.

cocoinin

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Quote from: panapi3200 on October 05, 2017, 04:45:28 AM

It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.

it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far Cheesy

bifle

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1 satoshi = 1 dollar ?
=> Wow, look at the price of a transaction then !

=> Maybe I'll use faucet a little bit more :p

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