Topic: Price of 1 Satoshi rise to $1? - page 8. (Read 19217 times)
It's possible with inflation. 1 satoshi would equal $1, but a new Honda Civic would cost $10M, so...
If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly,
Bitcoin is going to produce millions of millionaires and no one has nothing to do with that. When iron industry evaluated, it produced hundreds of people millionaires and when software industry evaluated, thousands of people became millionaire and billionaire too. So, this is the time for crypto world.I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.
You never need to worry. When one satohsi will be valuing one USD, we can assume that we will be capable of diving one satoshi into another 100s or 1000s smaller units.
Impossibility is nothing when it comes to bitcoin who would have thought bitcoin would ever rise to 4k +
If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.
We cannot assure and say that and will not happen at all. Now mbtc has been increased to big value but fees for the transaction has become a big amount what we see in the time August 1st movement. We need that to reduce the earlier value then we can worry about the satoshi's cost.
There are good chances to see 1 satoshi pricing $1 on long term. But first 1 satoshi must cost 1 cent, then 10 cents, only much time after we need to worry about 1 satoshi = $1. I agree with you, a big problem is the transaction cost in BTC, that is high. Doesn't worth to have BTC pricing a lot, but the transaction fee being high as well...
If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.
We cannot assure and say that and will not happen at all. Now mbtc has been increased to big value but fees for the transaction has become a big amount what we see in the time August 1st movement. We need that to reduce the earlier value then we can worry about the satoshi's cost.
Yes, but I dont know if I will be alive to see that.
If the price of 1 satoshi manage to get to $1, there will be a lot of millionaire made in this world suddenly, but I don't think it will ever happen because I can't imagine how much will it cost for the sender to send one transaction to another user if the value of 1 satoshi is $1.
anything could happen in bitcoin ,maybe it will become zero one day ,maybe it will be worth $1000000 .who knows ,let me choose ,i will choose $1000000, at that day ,i will be very rich .
I think the chances of a satoshi become a dollar is really low, when that happened there will be a lot of new millionaire and I think most of the people will switch to other coin to invest, but for sure the price will be very valuable in the future and it is always a great idea to save more bitcoin for the future
It is still not possible that would mean 1 bitcoin is worth 100 million. It does have a high demand but pushing the price so high seems impossible right now there should be a reason for the price to increase but increasing by such a margin would mean anyone holding a bitcoin will be a millionaire and huge holders would have trillions
Right now the growth is tremendous, but it doesn't have a perfect reason for such a growth to happen. Maybe in the future when the entire population of the world starts using bitcoin the value of a Satoshi might increase and reach $1, because the bitcoin mining is limited to certain number as well the halving happens in between.
What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.
This is a thread with one of the earliest version of BTC.
https://bitcointalksearch.org/topic/bitcoin-source-from-november-2008-382374
Those lines are basically bitcoins and satoshis.
Change them and you can get 100 trillions satoshi in a btc instead of 100 millions as it is right now.
Denomination will happen a lot easier than with fiat. No need to print new coins and banknotes. Just a few lines code and hit update.
Yes because changing bitcoin's code has proven to be trouble free and non-contentious, just look at the current fork shenanigans. In all seriousness though GLOBAL GDP is $75,278bn, that's about $3.5mm a Bitcoin. Now GDP is not the same as money supply or debt, Global debt is $199,000bn, but I think for the moment we have to accept that $1 a satoshi is unlikely/impossible in What for me is effectively my lifetime (50 years or so)
If Bitcoin goes on rising like that, in theory Satoshi might rise to $1 one day. And there will be mili satoshis as well for sure. In my opinion the best strategy for now is to hold what you have. That's what I'm doing. But then we should also be prepared for the worst case scenario. The future is unpredictable.
This answers represent my ideas too.. He is right at all it is even how you prepared for anything you will never really know. So do it on your own risk.. And if that theory is 1$ a piece of satoshi will happen soon.. It can changed our lives the soonest..
I think 1 satoshi will go as far becoming more than $1 before the end of 2018. Actually if I could find the hard disk for my old computer which I sold out I think I could have made over a billion dollars in my local currency because I could remember doing some micro jobs around 2009 that paid in bitcoin and because bitcoin has no value then I sold my computer without even not mind my bitcoin on that computer.
I don't know if this can ever happen but if it does people interested in cryptocurrencies would be all rich and owners of estates, means of production so on. It is like we would be ruled by crypto owners. Very different future ahead. Who knows?
I do not think 1 satoshi will be worth 1 USD. That is wayyyy tooo highhhh man.
Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..
Think about that statement. If 1 satoshih is worth 1 USD, that means 1 BTC is worth 100,000,000 USD... Meaning the total market cap would be 2.1 Quadrillion if all 21,000,000 bitcoins existed at the same time. That number is wayyy too high to happen any time soon. The entire worlds GDP is only a few hundred trillions..
There will be no time when all 21.000.000 will be available. No one know how many but some are already lost forever because people lost the private key or died. And when the last block is mined, even more Bitcoins will be "lost" forever. but I agree, even if there are only 15.000.000 Bitcoins are available in total, a price of $100.000.000 per coin is a bit ambitious.
What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.
This is a thread with one of the earliest version of BTC.
https://bitcointalksearch.org/topic/bitcoin-source-from-november-2008-382374
Those lines are basically bitcoins and satoshis.
Change them and you can get 100 trillions satoshi in a btc instead of 100 millions as it is right now.
Denomination will happen a lot easier than with fiat. No need to print new coins and banknotes. Just a few lines code and hit update.
What if something costs less then a dollar ? Then what ? That's exactly why we have the decimal system. We don't need comma's with bitcoin because it goes down to such a low denominator. It's like how the Japanese yen is. They don't use fractions either. Bitcoin was not designed to work that way.
I totally see the possibility of this one day. Thesame thing that happened back then that most faucets were giving out 1btc which is worth a lot now, is thesame way few sats will be worth a lot one day if not soon. So many countries, like Jamaica and Nigeria recently, are already endorsing bitcoin and creating awareness. If this goes on with so many other countries, then those of us now that feels 1BTC is too much to purchase will be thanking our stars, we have the little we could afford today.
A much more likely scenario is one satoshi being worth a penny. In this case, one bitcoin would be worth $1 million. I assume for bitcoin to hit this high a price it would essentially have to become a global reserve currency, like the dollar, euro, yen, pound, etc.
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