What will happen when 1 satoshi is $ 1? - page 15.

geopolisch

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Quote from: Stedsm on March 14, 2017, 03:58:28 AM

For a satoshi to go $1, even in our dreams, we need to assume Bitcoins to be reaching more than a billion dollar a piece.
Do you really think that would be possible ever? No arrangements are ever needed because even speculators can't speculate a bitcoin's price to ever be reaching even a million dollars, and you are talking about a billion here?

Yes and it's much more impossible because if this value is to be reached, then the total worth of bitcoins 21 million bitcoins would be unimaginable and hence it would be like dreaming impossible.

I was wondering how people think like that and actually are these threads even to get a genuine interest or just to provide more space for spammers ? Anyways reaching $10000 is possible but billion is impossible.

cryp24x

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I ever 1 satoshi equal $1, damn I'll be filthy rich with just 1 Bitcoin! And I do guess that satoshi will be broken down to a smaller unit to accomodate smaller transaction. It will never impossible to do that because Bitcoin is just a code that can be modified everytime a concensus is created.

Sled

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This kind of thinking is probably over it is more like imagination. $1 per one satoshi is just like fantasy because that cannot happen. We have millions of bitcoin and $1 for every 1 satoshi is very impossible because that means that we have $100M in one bitcoin Roll Eyes

. I fully doubt that this kind of thinking will reach even near to the target price, 1 satoshi = 1 dollar is so too good to be true. If ever it happens it will just stay for milliseconds because that is a huge price point for bitcoin and all of us will be panicking in selling our stocks.

carlerha

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Quote from: RedX on March 14, 2017, 02:22:49 AM

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.

although it is looking impossible but i think anything can happen in this world. i think if it reach to that point so the bitcoin holder will be millionaire then.

Juliamit

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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?

Then the average transaction fee will kill us all as I assume if the transaction fees remains the same then it will become $25k per transaction.

Victorycoin

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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?

This is a good example of what wild goose chase is! Increase in value does not spring up from thin air, so what qualities of Bitcoin is going to drive the price to that astronomical rate? If that happens, do you realize most fiats would be long dead or totally at the mercy of Bitcoin. Not to talk of the governments looking the other way, while something they dubbed a tool for criminals becoming so valuable - wake up from your day dream!

garenanc2019

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wow, i think this will happen after 30 years. it is possible

rico666

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I wonder how high the transaction cost for sending 500 satoshi will be then. Roll Eyes

Rico

gandame

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If 1 satoshi is 1$ all person have bitcoin they are all happy because everyone's waiting that time. If that happen i think i sell all my bitcoin to cash it out. And everyone deserves to be happy in that way because we are patiently waiting for that price.

Text

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Quote from: Dimelord on March 14, 2017, 05:03:59 AM

Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.

I like it man. There is nothing wrong in dreaming, I imagine my bright future ahead because of bitcoin, 1 satoshi is 1 dollar, wow!
Well, as we are saying, no one can predict the actual price of BTC for a day, a year and etc and no one can manipulate its price.

romero121

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Quote from: Dimelord on March 14, 2017, 05:03:59 AM

Quote from: HabBear on February 27, 2017, 01:34:07 AM

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!

Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.

As quoted we the users now will become millionaires but in reality we won't get such an increased price. A single satoshi if gets a value equal to a dollar then easily the popularity increase. Along With the increasing popularity harms too gets increased.

Dimelord

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Quote from: HabBear on February 27, 2017, 01:34:07 AM

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!

Just simple, We all bitcoin holders will be millionaires and the late comers to bitcoin would be jealous on seeing our prosperity.Hope, you got the answer.

Wong Goblog

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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.

Stedsm

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For a satoshi to go $1, even in our dreams, we need to assume Bitcoins to be reaching more than a billion dollar a piece.
Do you really think that would be possible ever? No arrangements are ever needed because even speculators can't speculate a bitcoin's price to ever be reaching even a million dollars, and you are talking about a billion here?

boyptc

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Quote from: Minimii on March 13, 2017, 06:17:40 AM

Quote from: boyptc on March 13, 2017, 06:12:19 AM

Quote from: Barbut on March 13, 2017, 04:26:39 AM

Quote from: boyptc on March 13, 2017, 04:13:04 AM

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.

But do you really think it will happen? Kindly see my posts above.

Best Regards,

My opinion on this is divided, it can happen or it may not happen. I don't think that this will happen for now and for the next years. But it can possible to happen but that needs a longer time and there's no certain day when it will happen.

RedX

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In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.

carlfebz2

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Quote from: gabbie2010 on March 14, 2017, 01:09:29 AM

well this is just a mere speculation, but if it's turn to a reality then Bitcoin owner will be billionaires and people will pay more attention to faucets in getting satoshi. Then Bitcoin will gain more popularity universally as people are showing more in it daily.

Faucets wont exist on those days for sure since even giving out satoshi per claim its really worth it and people who hold bitcoin wouldnt plan to build one because $1 is too much for each claim on a faucet. There would be lots of millionaires in that case and even those who just hold 0.01 btc is considered millionaire.

gabbie2010

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well this is just a mere speculation, but if it's turn to a reality then Bitcoin owner will be billionaires and people will pay more attention to faucets in getting satoshi. Then Bitcoin will gain more popularity universally as people are showing more in it daily.

mornabo

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Quote from: chixka000 on March 13, 2017, 09:49:45 AM

Lucky are those who were holding their bitcoin they must be a billionaire or millionaire on those times. However for now that was merely possible yet not impossible as well.

of course it is impossible to happen, if it happens I can not imagine the state of the world at that time possible chaos or world war going on or maybe dollar experienced enormous inflation

pearlmen

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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 that should happen, then it equally means 1btc has increased to another extremely high position which I feel it wont get to that without attracting attention that might want to curtail such influence. However, if that eventually happens then we should be ready to pay for a $1000 for transactions fee or even more than that.

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