Price of a "Satoshi" in the future? - page 2.

Oasisman

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Quote from: Abiky on June 19, 2020, 09:26:57 PM

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated.

We should also consider the consistent inflation rate for the coming years. 1 satoshi might cost almost a dollar, but what If the costs of living in the future is higher than what a value of satoshi can get you today.
Just like what @stompix mentioned above. The value of a Satoshi in the future won't really make any difference If the purchasing power levels or worse decreases versus the current value.

However, a Satoshi might cost $1, after all remaining supply will be mined, and supply scarcity will take place.

buwaytress

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We already deal a lot with satoshi in units -- admittedly for Bitcoin-related stuff itself like fees, but that's the start isn't it? Like considering cents for fees and stamps and micropayments. I haven't yet seen a satoshi-denominated micropayment but when you tip people online on reddit for example, that's essentially what it is.

I'm okay today for ~100 satoshi = 1 cent. Next stop 10 satoshi.

P.S. Why the need for "Satoshi"? Why not just satoshi? Wink

Upgrade00

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1 bitcoin being equal to $1 million would give a total market cap of $21 trillion when all bitcoins have been mined (sometime in the next 100+ years), when you factor in those lost in wallets and stuck on exchanges and also inflation in fiat currency rate, that may not be worth so much at that time and may not be able to cater for every nation's M0, Mb, M1 and M2 money supply.
The best way imo, to attach value to Bitcoin would be to measure it per working hours;
• I expect to receive 2 satoshis for an hour of work and would use it to purchase x and y products based on the work I put in to earn it.
• based on the cost of producing x and y products, I expect to receive 2 satoshis for them.
This way the value of BTC does not need to be pegged on a different currency.

Quote from: Abiky on June 19, 2020, 09:26:57 PM

With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

One doesn't necessarily need to own a whole bitcoin now.

stompix

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Quote from: Abiky on June 19, 2020, 09:26:57 PM

What do you think the price of 1 satoshi will be in the future?

You should better focus on the value.
What can you buy now with 100 000 satoshis and what could you buy ten years from now on?

If somehow the value of the dollar drops to 1% of what it is now, you can be happy that the value of BTC has increased let's say 500 times, but in terms of purchasing power, the increase is of only 5. In the highly unlikely scenario that the US goes full zimbabwe, even a satoshi worth 1$ would mean you've actually not gained anything in PP terms.

michellee

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Quote from: Abiky on June 19, 2020, 09:26:57 PM

If Bitcoin continues to appreciate in value with every halving, while it scales according to demand in the mainstream world, we might be dealing with "satoshis" instead of Bitcoins in the future. Imagine Bitcoin's price going all the way to $1 million in the long term. It may be possible that 1 Satoshi will be equal to $0.01 USD if that happens. With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated.

I would love to see that it will happen in the future, so I don't have to use a lot of satoshis to buy something. But that will depend on the government because if the government can accept the crypto, we will have the opportunity to use bitcoin as the payment system. If the government doesn't accept crypto/bitcoin, then we need to find a way to use bitcoin, and maybe we will use it only to convert into fiat money or we can use bitcoin as what we did now.

pooya87

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price rise in the long run is mainly demand but that is not all of it. it will rise against USD partially because of the way governments are printing money out of control, specially during the COVID-19 pandemic and similar events with the huge amount they print they are causing a lot of inflation and as fiat loses value bitcoin price against fiat goes up.
$1 million might seem big now but it won't be that big very soon...

suchmoon

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I can predict with a high degree of certainty that 1 satoshi will be worth 0.00000001 BTC for the foreseeable future. We don't talk about the value of 1 US cent in euros, so I don't think it makes sense to talk about the value of 1 satoshi as if it was a separate entity.

Abiky

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If Bitcoin continues to appreciate in value with every halving, while it scales according to demand in the mainstream world, we might be dealing with "satoshis" instead of Bitcoins in the future. Imagine Bitcoin's price going all the way to $1 million in the long term. It may be possible that 1 Satoshi will be equal to $0.01 USD if that happens. With Bitcoin being divisible to 8 decimal units, one doesn't necessarily need to have a whole Bitcoin if it goes all the way to the moon.

What do you think the price of 1 satoshi will be in the future? Will it be worth cents (in USD), or not? Your input will be greatly appreciated.

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