What will happen when 1 satoshi is $ 1? - page 11.

Andre_Goldman

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Quote from: LibreMan on February 27, 2017, 01:23:25 AM

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?

the total market capitalization will be 21 million dollar ?

Quote

Speculated justifications for the unintuitive value "21 million" are that it matches a 4-year reward halving schedule; or the ultimate total number of Satoshis that will be mined is close to the maximum capacity of a 64-bit floating point number.

https://en.bitcoin.it/wiki/Controlled_supply

machinek20

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If 1 satoshi is 1$ then there will be a lot of new millionaire, at that time bitcoin cant be count as cent because the smallest unit of bitcoin is satoshi, but that is just a dream,we will be extremely happy if 1 satoshi is 1 cent and even if bitcoin is already so popular, it wont be reaching that point

Dorky

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100 satoshis = $1.
10 satoshis = 10 cents.

That's why bitcoin has 8 decimal places.

taxmanmt5

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Quote from: BigBos on April 08, 2017, 01:19:47 PM

well, it will be encouraging news for bitcoin users, especially if they really have 1 BTC or even more in his wallet. but, the situation would occur if the rise in prices for goods occur, or bitcoin increasingly popular, but, I think it is something very difficult to happen.

1 satoshi to be equal to one dollar is like a dream coming true but in reality it is not gona happen, If it happens then 1 Bitcoin will be worth 10000000 $ and this is not real.

chineseprancing

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Quote from: topbitcoin on April 09, 2017, 01:30:31 AM

hahahaha i hope it can be happen.. and if that happens, surely the difficulty in finding a bitcoin will increase.

Correct i do not think there is still offering work in bitcoin like signature campaign, facebook, tweeter campaign and raiblocks solving captchas or even faucets that is why i do not think it would happen. Much better to stay what bitcoin is it can help more people right now at the current value.

topbitcoin

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hahahaha i hope it can be happen.. and if that happens, surely the difficulty in finding a bitcoin will increase.

paul gatt

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The first thing that I think of is the economic crisis, the fastest and most aggressive inflation, everything is turbulent and the world is not fair. A lot of risk occurs if that is true. And of course, but the bandits will find ways to get our money. The bandits I'm talking about here are hackers, bitcoin is a product of technology, internet access data is needed, and they will take advantage of that to infiltrate and steal the full amount of you. Everything is hard to imagine.

fuckitall

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Quote from: noictib on February 27, 2017, 01:33:08 AM

Quote from: LibreMan on February 27, 2017, 01:23:25 AM

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?

In my opinion it will not happens .
Because about 100000 satoshi is equal to 1$ then you can think that if it will happen only when the price of bitcoin increase about one lakh time the current price . Which is Impossible for about 10-20 years .
But.if it would be then surely we will restricted to make transaction of minimum 10$ with 0.25satoshi fee of transaction

Quote

Oooh, good question!

When a satoshi is worth $1, a bitcoin will be worth $100,000,000!

The second question I cannot answer, but I'm sure some other bloke here can!

Well being realistic to your query..i am in support of the above point 1 satoshi = 1 dollar...that means you asking to increase the value of the satoshi a lakh times...Which is not possible in the coming near future ? and if you ask me why so then read the second answer given by one of our friend...Coz if that happens so then 1 single bitcoin will be $100000000 that a pretty huge amount...to reach this time trade vol. of btc hae to shoot up like hell!!! like hel!!! Man

alexsandria

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Quote from: YTBitcoin on April 08, 2017, 04:56:17 PM

Quote from: BigBos on April 08, 2017, 01:19:47 PM

well, it will be encouraging news for bitcoin users, especially if they really have 1 BTC or even more in his wallet. but, the situation would occur if the rise in prices for goods occur, or bitcoin increasingly popular, but, I think it is something very difficult to happen.

If bitcoin increasingly became popular and all of the remaining bitcoins is mined then the supply will be reduced and the price of bitcoin will start to increase with a highest speed then at that time it will be the chance that the price of bitcoin increased that much that 1 satoshi will be equal to 1 dollar.

That would be more likely to happen however what I see is that, it would over valued much since if all people would continuously using that and its demand also increases, it would continue rising up which is not good for every one since it could affect so much negatively or positively. I think it's better to have a certain price in order to balance everything.

Oo ako to

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Quote from: LibreMan on February 27, 2017, 01:23:25 AM

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 we are going to be realistic that is not going to happen. I will believe if the price of bitcoin that can go up to $10,000 then that is very likely to happen.

YTBitcoin

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Quote from: BigBos on April 08, 2017, 01:19:47 PM

well, it will be encouraging news for bitcoin users, especially if they really have 1 BTC or even more in his wallet. but, the situation would occur if the rise in prices for goods occur, or bitcoin increasingly popular, but, I think it is something very difficult to happen.

If bitcoin increasingly became popular and all of the remaining bitcoins is mined then the supply will be reduced and the price of bitcoin will start to increase with a highest speed then at that time it will be the chance that the price of bitcoin increased that much that 1 satoshi will be equal to 1 dollar.

raven7886

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Quote from: Hatuferu on April 06, 2017, 01:06:26 AM

Quote from: Karpeles on April 05, 2017, 11:35:24 PM

then 1 bitcoin would be worth like 100000000(100M dollars each) and the market cap would be astronomical

would never happen of course

That would certainly gonna make us billionaire, I'm holding bitcoins and I'm waiting for that time but how would I enjoy my profit
when I need to wait forever, I mean the value will rise but not that high IMO. I would not say it's impossible but when investing we need to be realistic.

You may become billionaire only when you are believing it to happen. Otherwise when bitcoin will be having value like 10k or 25k itself, you may sell them to become millionaire but after in another one or two year it may reach the level of 1 satoshi= 1 USD.

This had happened with early bitcoin adopters. They were not ready to believe that bitcoin will be having value like $500 or $1000, so they had sold their coins when they saw $10 to $50. With respect to their number of bitcoin saving they would have become billionaire when bitcoin prices reaching $500, but they did not believe into bitcoins hence they missed the opportunities.

grandy

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Quote from: giveen on April 08, 2017, 11:51:42 AM

Quote from: Qartersa on March 20, 2017, 10:05:38 AM

Quote from: giveen on March 20, 2017, 08:31:16 AM

Quote from: Wong Goblog on March 14, 2017, 04:15:54 AM

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.

Don't worry nothing like that will actually happen because bitcoin is really strong and holding it's price solidly amd if you see there are very less short term investors most of the investors are long term so it will kind of be tough to reach 10k but it is definitely possible.

When prices rice $10,000 then I don't think even if everybody sells their stash for sure the prices will not plummet and it will retain a high price. It got there for a reason for sure and not just because people are manipulating the prices. Though I don't think it will reach that far. Probably something new will replace bitcoins, we wouldn't know it for sure.

I don't think until all bitcoins supply is over there would be anything that would replace bitcoin. Maybe from what i think when the bitcoin reaches 21 million the price will be at it's highest and maybe after a year most people will start selling their bitcoins and ya this will be the time they will invest in another coin which i think will be eth

to me i think if all the supply of bitcoin will over, then the price of bitcoin will increase more and more because the demand of bitcoin will increase because of decrease of bitcoin.

BigBos

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well, it will be encouraging news for bitcoin users, especially if they really have 1 BTC or even more in his wallet. but, the situation would occur if the rise in prices for goods occur, or bitcoin increasingly popular, but, I think it is something very difficult to happen.

giveen

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Quote from: Qartersa on March 20, 2017, 10:05:38 AM

Quote from: giveen on March 20, 2017, 08:31:16 AM

Quote from: Wong Goblog on March 14, 2017, 04:15:54 AM

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.

Don't worry nothing like that will actually happen because bitcoin is really strong and holding it's price solidly amd if you see there are very less short term investors most of the investors are long term so it will kind of be tough to reach 10k but it is definitely possible.

When prices rice $10,000 then I don't think even if everybody sells their stash for sure the prices will not plummet and it will retain a high price. It got there for a reason for sure and not just because people are manipulating the prices. Though I don't think it will reach that far. Probably something new will replace bitcoins, we wouldn't know it for sure.

I don't think until all bitcoins supply is over there would be anything that would replace bitcoin. Maybe from what i think when the bitcoin reaches 21 million the price will be at it's highest and maybe after a year most people will start selling their bitcoins and ya this will be the time they will invest in another coin which i think will be eth

Sithara007

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Such a scenario is very difficult to imagine, even theoretically. 1 Sat = $1 means that the BTC will be worth $100 million per coin. The total market cap will be 20 million x 100 million USD, which is equal to $2,000 trillion, which in turn is eight times the total global wealth right now.

poplolnman

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Quote from: giveen on April 06, 2017, 10:02:54 PM

Quote from: Qartersa on March 20, 2017, 10:05:38 AM

Quote from: giveen on March 20, 2017, 08:31:16 AM

Quote from: Wong Goblog on March 14, 2017, 04:15:54 AM

Please do not dream, we have to be realistic, I'm sure before the price $10.000 bitcoin will be destroyed because everyone would sell them and not leaving until the prices drop and could not rise again.

Don't worry nothing like that will actually happen because bitcoin is really strong and holding it's price solidly amd if you see there are very less short term investors most of the investors are long term so it will kind of be tough to reach 10k but it is definitely possible.

When prices rice $10,000 then I don't think even if everybody sells their stash for sure the prices will not plummet and it will retain a high price. It got there for a reason for sure and not just because people are manipulating the prices. Though I don't think it will reach that far. Probably something new will replace bitcoins, we wouldn't know it for sure.

I don't think until all bitcoins supply is over there would be anything that would replace bitcoin. Maybe from what i think when the bitcoin reaches 21 million the price will be at it's highest and maybe after a year most people will start selling their bitcoins and ya this will be the time they will invest in another coin which i think will be eth

no of course , there is no reason why people have to leave and sell their bitcoin even when it's reached the highest price . look at gold , people still use it as they need it , bitcoin would be like that too , when people start acquiring bitcoin , they would know how precious it is and how they need it , the bitcoin would keep circulating , but noone know about the future however, we just make a wild speculation here.

Creepings

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Knowing that 1 satoshi will be eaual to $1 I think I will be really hardworking starting today to earn bitcoin. That is a really great investment for me and it will be a really big profit for me. I invested most of my money here in bitcoin because I think, bitcoin is the future of the digital currencies.

And I think there will be more digits will be added to bitcoins when this happen, maybe a milli satoshi? a micro satoshi? We still dont know but the thing we all know, is that bitcoin has it's future in these world.

Sadlife

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That's nice if it happens but i think it wouldn't happen anytime soon
But will get there eventually.
If more and more countries starts to accept and adopt bitcoin as a payment method or as their primary currency then we might reach that 1 dollar = 1 satoshi.

evilgrin

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Inflation will happen at some point, but man that would have to be inflation like we haven't seen in awhile. In recent history it's been very hard to crash the value of the dollar.

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