What will happen when 1 satoshi is $ 1? - page 12.

giveen

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Quote from: Qartersa on March 20, 2017, 11:05:38 AM

Quote from: giveen on March 20, 2017, 09:31:16 AM

Quote from: Wong Goblog on March 14, 2017, 05:15:54 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

mmo4me.2016

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So greaat, because at this times i had $1000 with my BTC at the monent
Grin

bering

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Quote from: zimmah on April 06, 2017, 03:29:18 AM

That would mean 1 bitcoin is $100 milllion.

For one, I'd be a billionaire.
I don't think it's going to happen. 1 satoshi = 1 cent may be possible, but 1 dollar is so much harder. There just isn't enough money in the world.

But i'd be happy if it would.

i do will says it is impossible but i would not denied if this is happening someday because only for 10k satoshi you could buy new cars however i think this is too much and basically we expect impossible thing in cryptocurrency

Vivace92

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Quote from: BlackBaron on April 06, 2017, 03:51:43 AM

Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply

Yes agree, if this is real, it certainly has made me stop working and be able to travel the world. every weekend I will watch directly BPL and the UFC. Each month I can replace my old car with the latest sports car, but I sure this is just a dream ... Huh

dihari

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Quote from: LibreMan on February 27, 2017, 02:23:25 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?

For now, I think bitcoin is just know, buy, sell,or spend by who are in the community. Bitcoin is not use by general public, and when it's going to be general payment, 1 sathosi that worth to 1 dollar bring through.
And about the core modify, there will be the technology development in bitcoin to adapting more massive users.

TastyChillySauce00

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Quote from: BlackBaron on April 06, 2017, 03:51:43 AM

Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply

There's no guarantee that you'll be keeping your whole bitcoin and save it in the future, and, one more important thing if the transaction fee still stay the same which is average 0.0001 - 0.0005 even if the rate of bitcoin is that high, it'll surely will kill the existence of bitcoin itself by the time due to too costly fee per transaction

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Well of course we will become billionaire, I will enjoy the rest of my life lol, although 1satoshi=$1 likely impossible going to happen if we look at coin supply

zimmah

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That would mean 1 bitcoin is $100 milllion.

For one, I'd be a billionaire.
I don't think it's going to happen. 1 satoshi = 1 cent may be possible, but 1 dollar is so much harder. There just isn't enough money in the world.

But i'd be happy if it would.

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Quote from: lOvE mE forEvEr on April 06, 2017, 02:26:59 AM

That will certainly be a lot of people get rich (including me), but we have to be realistic that 1 satosi = $1 will probably not occur until 10 years again, better is we collect bitcoin and hold for get the profit.

It might happen, we cannot completely deny that it won't take place. If the entire population accepts bitcoin the capital requirement cannot be fulfilled with the same price tag as it has got limitations in the coin mining. So to fulfill the needs the value needs to be raised, if such scenario happens 1Satoshi might get a value equal to a $.

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This question has been asked many times, but usually in the form of "what happens if we need a subunit of BTC smaller than a satoshi?".

And the answers, condensed:
1. It is a possible scenario in event of universal adoption.
2. Would require overhaul and hardfork.
3. LN suggests support for probabilistic sub-satoshi payments. From the bitcoin wiki:

Sub-satoshi payments: payments can be made conditional upon the outcome of a random event, allowing probabilistic payments.[3] For example, Alice can pay Bob 0.1 satoshi by creating a 1-satoshi payment with 10-to-1 odds so that 90% of the time she does this she pays him 0 satoshis and 10% of the time she pays him 1 satoshi for an average payment of 0.1 satoshis.

lOvE mE forEvEr

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That will certainly be a lot of people get rich (including me), but we have to be realistic that 1 satosi = $1 will probably not occur until 10 years again, better is we collect bitcoin and hold for get the profit.

Golftech

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Quote from: Sled on April 05, 2017, 11:58:50 PM

Quote from: Pearls Before Swine on April 05, 2017, 10:45:21 PM

That would be frigging lovely, but if 1 satoshi ever was worth $1, the world would probably not be functional. At least the US dollar wouldn't be. What would I do? Buy land, buy a house, buy some toys. That'd be straight up like winning powerball.

Yes if the satoshi is $1 we can literally buy anything we want because just imagine if we have at least 50,000 satoshi then it will cost about $50,000 and that is a very huge amount and we can buy different things we that and much more if you have a lot of bitcoins in your wallet and that is more even worth than winning a lottery jackpot.

exactly but nobody expect that it will became like this before no one expected too that btc will rise up to 1k$, even its just an speculation what if things happen too? wow i maybe a rich man because i already have .01 btc inside my wallet and plan to hold it for the longest time.

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Quote from: Karpeles on April 06, 2017, 12:35:24 AM

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.

Karpeles

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

would never happen of course

erickkyut

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1 satoshi is equal to 1$ in the future? Wow! I can be a millionaire if ever that will happen. Every bitcoin users will be happy if that happens. Bitcoin will be very popular for sure. Many invetors will be more interested on it.

Sled

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Quote from: Pearls Before Swine on April 05, 2017, 10:45:21 PM

That would be frigging lovely, but if 1 satoshi ever was worth $1, the world would probably not be functional. At least the US dollar wouldn't be. What would I do? Buy land, buy a house, buy some toys. That'd be straight up like winning powerball.

Yes if the satoshi is $1 we can literally buy anything we want because just imagine if we have at least 50,000 satoshi then it will cost about $50,000 and that is a very huge amount and we can buy different things we that and much more if you have a lot of bitcoins in your wallet and that is more even worth than winning a lottery jackpot.

GreenBits

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Quote from: Mvaporis1961 on April 02, 2017, 09:19:19 PM

If 1 satoshi is equal to 1$ then 1 bitcoin would cost $100m that time if my calculations is correct. If that would happen then all of us would be really rich and will be living a wealthy life. Our whole life will be secured and even our future generations.

I'm more concerned about what the fee would be on a standard bitcoin transaction, if it gets to this price. It would be cheaper to hand deliver the cash to a person in most cases, I would think, rather than pay the multiple thousand dollar transaction fee should the fees scale along with that price increase.

Hell, you can mail em gold at that point, LOL.

Pearls Before Swine

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That would be frigging lovely, but if 1 satoshi ever was worth $1, the world would probably not be functional. At least the US dollar wouldn't be. What would I do? Buy land, buy a house, buy some toys. That'd be straight up like winning powerball.

aardvark15

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Quote from: Machine Funk on April 05, 2017, 09:17:24 PM

Quote from: LibreMan on February 27, 2017, 02:23:25 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 thst happens then what will you do if you need to pay half a dollar ?
You need decimals.

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.

Machine Funk

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Quote from: LibreMan on February 27, 2017, 02:23:25 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 thst happens then what will you do if you need to pay half a dollar ?
You need decimals.

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