Topic: What will happen when 1 satoshi is $ 1? (Read 17297 times)
I hope that bitcoin prices will skyrocket and if 1 satoshi = $ 1 then I become a new millionaire because right now I have 2 btc or 200,000,000 satoshi, but we have to be realistic that this is hard to happen.
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
hard to imagine if the value of 1 satosi to $ 1, and all must wait for it. many bitcoin miners will become very rich, and of course bitcoin is rarely used, will more often use satosi in transactions. also must be made coin shards of satosi to suffice payments lower than $ 1. What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
I mean we all know that the prediction of the bitcoin getting to 100 000 usd is not real so even ef the price gets to 10000 usd most would be happy to start selling and whenever the price hits that figure the changes after that will be less and less significant.
Of course the price of 1 satoshi = $ 1 is the right price and ideal, and surely this will have a big impact for the user with 1 btc then we become a millionaire and retire from work, but if you look at the price graph then it takes a long time.
Only one thing will happen ,everyone who knows bitcoin will be millionaires. But its so impossible that bitcoin will reach that super high price. We know that bitcoin will be huge in the future but it doesnt say that it will hit 1$ = 1satoshi.
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
As we know, bitcoin has a speculative value its fluctuations often change depending on the trend.
I think it might happen if a satoshi can reach 1 dollars, and that period may be a priode when bitcoin, is very difficult and cannott be mined anymore.
However, my question is whether the price is still going to be bought by people?
Technically 1 satoshi can't be 1 dollars. This is not logical honestly. 1 satoshi can be 1 cent and this would be good still. We should be realistic in our guesses about the future of bitcoin and altcoins.
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
As we know, bitcoin has a speculative value its fluctuations often change depending on the trend.
I think it might happen if a satoshi can reach 1 dollars, and that period may be a priode when bitcoin, is very difficult and cannott be mined anymore.
However, my question is whether the price is still going to be bought by people?
That quite a number to be reached so early as the world will probably not be functional, otherwise this could only happen if so many Bitcoins were lost, that there weren't many left. Many have already been lost as people forget their private keys, so over time, more and more Bitcoins will get lost and will never be recovered ever.
If 1 satoshi is priced at 1$, then that's already the time where experts predicted that bitcoin will reach to 100,000$ per bitcoin. That's really big amount of money and that can really make someone rich even if he/she only got half of bitcoin.
That would not happen. Its too impossible for Bitcoin to reach that kind of price. There would be a financial chaos if that happens, as the people will gradually transfer all their financial assets to Bitcoin. Then, the government and the l banks will be alarmed by these and they might totally ban cryptocurrency all over the world.
I think this is just too excessive to be discussed.
If 1 satoshi is priced at 1$, then that's already the time where experts predicted that bitcoin will reach to 100,000$ per bitcoin. That's really big amount of money and that can really make someone rich even if he/she only got half of bitcoin.
It sounds crazy, I find it very difficult to happen.
if that happens I'm sure the world's currencies will be destroyed and everybody moves their assets out of the bank and they start buying bitcoins.
this crazy exposure I've ever made.
if that happens I'm sure the world's currencies will be destroyed and everybody moves their assets out of the bank and they start buying bitcoins.
this crazy exposure I've ever made.
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
If that happen all users of bitcoin will be happy and more investor will invest and buy bitcoin. But in some reason bitcoin has limited supply and I think its hard to make 1$ in 1 satoshi. It's not wrong to be dream but there's a lot of things to be consider. What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
If what you suggested happens and 1 satoshi will be equal to 1dollar, then 1 bitcoin is equal to 100 M dollars which will make everyone who ownes it unbelievably rich.
lol. That is nearly impossible to happen. Cant you guys see that the value of bitcoin today is now dropping? that maybe a sign of another correction or maybe a crash , thats why i am not dreaming that 1satoshi could ever reach 1usd one day.
The faucet will not exist at that time or they will find ways in which the participants will receive 1 satoshi after a few days. We are thinking too far, things will change in accordance with the situation.
why not? Of course the faucet will still be there but i do agree that there will be a slight change for their rules. I bet the rewards perclaim will decrease dramatically and we will still experience the old way of how faucets work.
I remember back then , the faucet claim had always a bigger reward but that time the value of bitcoin is still verry cheap but look at the faucets nowadays , the reward per claim is now decreasing due to the current price of bitcoin which is now verry expensive.
If what you suggested happens and 1 satoshi will be equal to 1dollar, then 1 bitcoin is equal to 100 M dollars which will make everyone who ownes it unbelievably rich.
I don't think satoshi's such an increased value. If such a growth happens sure most of us will become rich. The faucets sites will be encountering high traffic and can see people using faucets more than our forum.
Your reason was true and correct, instead of posting in the thread forum no one will attempt to do it instead they would rather to choose do
faucets due to less hassle and effort. One more thing it is not also a realistic things to be happen too, in my my point of view.
I don't think satoshi's such an increased value. If such a growth happens sure most of us will become rich. The faucets sites will be encountering high traffic and can see people using faucets more than our forum.
Your reason was true and correct, instead of posting in the thread forum no one will attempt to do it instead they would rather to choose do
faucets due to less hassle and effort. One more thing it is not also a realistic things to be happen too, in my my point of view.
I think nothing will particularly happen. Because by the time this is all will get used to this situation.
Its so hard to see it happen that 1 satoshi is going to 1$.Its unbelievable impossible to happen maybe bitcoin price will get high but not 1 dollar because bitcoin has a limited amount.but its totaly surprise when each satoshi cost 1 dollar,people were really happy
I think that bitcoin will never reach such a cost. If satoshi will cost one dollar, it means that the total bitcoin will be equal to one hundred million dollars. It's impossible. Bitcoin's various circumstances will never allow him to rise to such a height, and above all because he is too volatile for this. It is the great volatility that will always prevent its large growth, as well as various negative information about crypto-alaite. Panic among investors will always be earlier than bitcoin will reach high values, and bitcoin because of this will always fall in price.
for me it does not make any sense to me that such a thing happens. For example, when a bitcoin is $ 10,000 many people will sell their btcs. Nobody expects to be $ 100,000,000,. If massive adoption takes place. There is a chance we can reach that price because demand and inventory can determine how much Bitcoin costs.
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