Price of 1 Satoshi rise to $1? - page 4.

panapi3200

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Quote from: suvo05 on October 05, 2017, 03:44:55 AM

Btc can increase upto 10000$ in a couple of years but ,1satoshi=$1 is over optimistic. That is certainly not going to happen. If that happen what will be transaction charge if some one want to transact 100 satoshi=100$ ?

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.

shinratensei_

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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?

suvo05

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Btc can increase upto 10000$ in a couple of years but ,1satoshi=$1 is over optimistic. That is certainly not going to happen. If that happen what will be transaction charge if some one want to transact 100 satoshi=100$ ?

The_Dark_Knight

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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.

Ayiranorea

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Quote from: luxcoin on September 30, 2017, 06:53:35 AM

We'll see it after 2020 - and not before a couple...of hundreds of years Cheesy

Even if everyone here would enjoy it, it wont've be soon - and quite impossible in a short time.

In that case however we could have another problem: how to pay something less than 1$ with CCs ?!

Yes, the price of bitcoin will grow much higher. When such a situation prevails we'll get to reach the value of a single Satoshi equaling to $1. The price growth is assured, because the users coming into bitcoin usage is increasing without much deviation in the chart.

luxcoin

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We'll see it after 2020 - and not before a couple...of hundreds of years Cheesy

Even if everyone here would enjoy it, it wont've be soon - and quite impossible in a short time.

In that case however we could have another problem: how to pay something less than 1$ with CCs ?!

DuaLipa

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Quote from: hous26 on September 28, 2017, 01:43:43 PM

If 1 Satoshi were worth $1 USD then the Bitcoin market cap would be: 1,659,228,700,000,000.

That my friends is 1.659 quadrillion dollars, which is roughly 20 times the amount of cash money (all currencies) in the WORLD! Its also about 24 times the amount of all value in the entire worlds stock markets.

Needless to say, I don't think we will see Satoshi's being worth the equivalent of $1 in our lifetimes.

Reference: http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

This is proving that it never exists in the life. So we're still good with low value satoshis, in total the bitcoin is valuable and so. That extreme numbers are not neccessary for us.

hous26

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If 1 Satoshi were worth $1 USD then the Bitcoin market cap would be: 1,659,228,700,000,000.

That my friends is 1.659 quadrillion dollars, which is roughly 20 times the amount of cash money (all currencies) in the WORLD! Its also about 24 times the amount of all value in the entire worlds stock markets.

Needless to say, I don't think we will see Satoshi's being worth the equivalent of $1 in our lifetimes.

Reference: http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

najmul33

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I don’t think it well happen with 50 years. If its well happen 1 satoshi = 1$ im well be milliner in my country Tongue

But I hope price will increase more. Maybe 1000 satoshi = 1 dollars its true happen in the next few years maybe the year of 2019 to 2020

Izarok

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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.

Gaff

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Quote from: Bluestreet on September 28, 2017, 12:33:18 AM

Quote from: lincolnmad on September 27, 2017, 10:01:29 PM

Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.

In the start no one would have believed that one day bitcoin will be more valuable than dollar and also that it would surpass the price of gold but it did! So it is possible for bitcoin to reach the price of $1 per satoshi all we have to do till then is hold our bitcoins and never fear in a bearish market as there are some people who fear while watching the bitcoin price fall and then sell their bitcoins.

I also think the same way to you. Satoshi value as $1 each will be a big thing and that will help a lot of us. I also believe that it will get better and better in the following years to come someday. It is not only a promising currency but it also gives us hope to continue make a living that is aligned with bitcoin. The world of cryptocurrency is getting bolder and bigger for us bitcoiners as well as investors.

Bluestreet

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Quote from: lincolnmad on September 27, 2017, 10:01:29 PM

Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.

In the start no one would have believed that one day bitcoin will be more valuable than dollar and also that it would surpass the price of gold but it did! So it is possible for bitcoin to reach the price of $1 per satoshi all we have to do till then is hold our bitcoins and never fear in a bearish market as there are some people who fear while watching the bitcoin price fall and then sell their bitcoins.

lincolnmad

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Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Please don't forget the captchas rate and other services will decrease the rates too, who the hell want to pay $1 per captcha though, everybody want it. That's why some captchas or faucets are following the bitcoin price for the rates on their site. In my opinion it is really impossible for 1 satoshi rise to $1.

TravelMug

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Quote from: aardvark15 on September 27, 2017, 09:06:18 PM

Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

If 1 satoshi equals $1 then 1 Bitcoin would be $100 million. The only way this could ever happen is if inflation rose so much that $1 was almost worthless. I'm not saying this couldn't happen, but it might take 100 years and $1 would not go as far as it does now. Maybe by then a meal at a restaurant would cost $1000 because of a weakened dollar so $100 million would not seem like as much money as it does now. With fiat currencies subject to inflation and Bitcoin designed to be deflationary, it is possible.

Yeah, highly unlikely to happen in the future. $1 is the benchmark globally and it would simply change that way. The dollar is so strong that I really doubt that something like the scenario you put will come into reality. So in theory, the 1 BTC = 1$ wont be happening as well. Even if all the bitcoin has been mined, it won't happen.

Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

Faucets will be dead if the pay is 1:1 lol. No faucets can survived paying those who claim. I still doubt that we can reach it though, even if we reached 20 millions mine already and in the circulating in the market.

aardvark15

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Quote from: Natsuu on September 27, 2017, 07:28:23 PM

Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

If 1 satoshi equals $1 then 1 Bitcoin would be $100 million. The only way this could ever happen is if inflation rose so much that $1 was almost worthless. I'm not saying this couldn't happen, but it might take 100 years and $1 would not go as far as it does now. Maybe by then a meal at a restaurant would cost $1000 because of a weakened dollar so $100 million would not seem like as much money as it does now. With fiat currencies subject to inflation and Bitcoin designed to be deflationary, it is possible.

Natsuu

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Quote from: jackhdt on September 20, 2017, 02:01:32 AM

Quote from: BigBos on September 19, 2017, 12:38:31 PM

Quote from: jackhdt on September 19, 2017, 12:24:15 PM

the number of bitcoin is limited and it's not too big. however if multiply it with 10 ^ 8 .... so 1 sat = 1 USD is not gonna happen ever

well, for now, we have the same mind. well, the price is too high for bitcoin, and even so easy to get 1 satoshi. maybe, when it does happen, everyone will look for bitcoin, and start to forget about the job.

yes. imagine if it happened. everyone rushed to type the captcha in faucet. example: faucethub

)))
however At that time I was a billionaire Grin

Haha! If that's the case, I put all my time doing captchas Grin

The $1 per satoshi will need more years before it happens, maybe if we already reach 20 million supply of bitcoin and as the demand dictates it and it's not far to happen.

The_Dark_Knight

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Activity: 840

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Quote from: cocoinin on September 25, 2017, 03:40:26 AM

21M of maximum bitcoins
*
100,000,000 satoshi in 1BTC
=
2,100,000,000,000,000 satoshi in all possible bitcoins (approximately)

that means...

Code:

2,100,000,000,000,000
Q  T   B   M

we need just $2,100 trillion (two quadrillion one hundred trillion) in bitcoin capitalization to make 1 satoshy cost $1.

according that link, there is $1.2 quadrillion invested in derivatives alone.

But as maokoto said, some BTC are frozen or lost forever, so a smaller amount may work. So, it's pretty possible! Cheesy

But the problems with those derivatives market is that much of that money does not exist it is just an illusion but when that market goes down, and to go down it will, it is going to sink the whole world in an economic depression that we have never seen before, this is why bitcoin could be our way to escape that fate since we are not going to be affected by it.

bajing

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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.

cocoinin

member

Activity: 112

Merit: 100

21M of maximum bitcoins
*
100,000,000 satoshi in 1BTC
=
2,100,000,000,000,000 satoshi in all possible bitcoins (approximately)

that means...

Code:

2,100,000,000,000,000
Q  T   B   M

we need just $2,100 trillion (two quadrillion one hundred trillion) in bitcoin capitalization to make 1 satoshy cost $1.

according that link, there is $1.2 quadrillion invested in derivatives alone.

But as maokoto said, some BTC are frozen or lost forever, so a smaller amount may work. So, it's pretty possible! Cheesy

maokoto

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Well it can end up happening far in the future. We must consider that many bitcoins are lost too (unrecoverable wallets and such), and more will be lost as years pass by. It could well be that we end up having only 14 million bitcoin total or less at some point. If there is a worldwide mass adoption... It is much to think a big part of the world's economy would be worth 1,400,000,000,000,000 dollars.... right now U.S. Debt is "only" 1/7 of that http://www.usdebtclock.org/#?

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