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Topic: What will happen when 1 satoshi is $ 1? - page 22. (Read 17289 times)

legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
If 1 satoshi is 1$ all of us here is become multi millionaire. In that certain amount we all become rich easily but also bitcoin price is high value and people might could not afford to buy bitcoin. But, its will take a long years to reach this amount of satoshi.
Too many the new millionaire will make the lambo factory is very busy to produce more lambo to fill his demand. This is a joke statement and just need a reply by a joke too. 1 satoshi = $1 it will never ever happen in the future.
hero member
Activity: 840
Merit: 502
Currently I have about 0.3 or 30 million satosi, so equal to 30 million USD, of course I'll be rich and could soon be out of a job for the new business. I hope it can be happen  Grin
The problem is not the price of bitcoin but what will you buy with them, if in the future you need 1 million dollars to buy a bottle of water then even if a satoshi is worth a dollar you can’t buy much with them.
full member
Activity: 224
Merit: 100
Currently I have about 0.3 or 30 million satosi, so equal to 30 million USD, of course I'll be rich and could soon be out of a job for the new business. I hope it can be happen  Grin
sr. member
Activity: 784
Merit: 250
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?
That's not going to be happen did you total it how much is that in 1 bitcoin? even yourself your not gonna believe if this will happen. I guess the next time you create a topic make it meaningful, something like the audience or member will really get knowledge on it.
hero member
Activity: 588
Merit: 500
if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.
Yup and the other reason why 1 sat is 1$ will not happens soon because on the bitcoin still there are problem about the block size of bitcoin and still there are not good solution for this problem that can be accepted by all of comunity bitcoin (developer, traders, investors and the miners) it will happens if the problem block size of bitcoin can be fixed.
i think there are some issues that must be sole in priority bases, because some time these issues are causing huge problems. for example the transaction conformation problems, which is making people confused, therefore i think it is most important to solve these issues.
hero member
Activity: 518
Merit: 500
if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.
Yup and the other reason why 1 sat is 1$ will not happens soon because on the bitcoin still there are problem about the block size of bitcoin and still there are not good solution for this problem that can be accepted by all of comunity bitcoin (developer, traders, investors and the miners) it will happens if the problem block size of bitcoin can be fixed.
legendary
Activity: 1120
Merit: 1000
if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
yes as soon as time is passing bitcoin is becoming more and more popular and that is way the price is also increasing because of the increasing demand of bitcoin. and therefore we can expect that the price of bitcoin will increase more and more and a time will come when one bitcoin will become equal to 1 satoshi. and yes the day is not now too much far.
hero member
Activity: 518
Merit: 500
if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
Yes if many people buy bitcoin and hold they will getting richer, but not all of people make investments into bitcoin for long time,
usually they make investments into bitcoin for short time (they are traders) and about 1 satoshi is 1$, I am doubt it will happens soon because mosth people still not know and not use bitcoin.
sr. member
Activity: 714
Merit: 250
February 28, 2017, 10:37:47 AM
if one satoshi $ 1 then a lot of people are getting richer, it is inevitable altcoin have the same price
sr. member
Activity: 280
Merit: 250
February 28, 2017, 10:31:05 AM
When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it.  

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.

giveen, its about 7-8 years old but you are not wrong in the sense that bitcoin was worthless back in 2009-2010. it was 20111 when people had gained some sort of knowdelge for it and had value of about $1 for the firsttime. so its not wrong to say 5-6 years old in this sense.
hero member
Activity: 1428
Merit: 506
February 28, 2017, 10:30:17 AM
If 1 satoshi is 1$ all of us here is become multi millionaire. In that certain amount we all become rich easily but also bitcoin price is high value and people might could not afford to buy bitcoin. But, its will take a long years to reach this amount of satoshi.
sr. member
Activity: 364
Merit: 250
February 28, 2017, 10:29:47 AM
When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.
It's just wishful thinking but seeing that it rose to $1200 from $0.09 in 8 years is growth and spread that even cancer and ebola can't beat Tongue
hero member
Activity: 1148
Merit: 504
February 28, 2017, 10:29:17 AM
There is no need to change anything because this definitely will not happen. It is nice to dream that bitcoin will be expensive in the future but there is a limit on what we are dreaming or else we will live in a fantasy. But if ever there is a need for that kind of change, I think bitcoin is flexible enough to accommodate further denomination.
hero member
Activity: 826
Merit: 1004
February 28, 2017, 10:20:42 AM
When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
Yeah i totally agree to to your point. The problem is most of the people are expecting too much from bitcoins and it is just 5-6 year old.
Also till now we never saw any sort of return with gold or any stock so how can we expect something like this from bitcoin.
sr. member
Activity: 447
Merit: 250
February 28, 2017, 09:56:20 AM
#99
wow , its amazing .
so people keeping their bitcoin will be rich in future
but maybe it cost a long time for making 1 satoshi became $1 Smiley


or it will just never happen, for this to become real the bitcoin price should increase 100 thousand times what is pretty much impossible and even if this happens then we will have no dollars any more because the bitcoin will have fiat replaced. We would need to wait at least a hundred years in order for this to become real and when satoshi becomes worth one dollar bitcoin will be used as a national currency of each and every country.
hero member
Activity: 728
Merit: 500
EtherSphere - Social Games
February 28, 2017, 09:37:47 AM
#98
That is mean bitcoin is too expensive for trading bitcoin to fiat currency,
so if 1 SAT is $1 the traders must use altcoins for trading to fiat currency.
The strong candidate replace trading digital coins to fiat currency is ETH,
only ETH that has big marketcap after bitcoin. https://coinmarketcap.com
That's a nice site to see what the current rate of each coin is all on one page. With out that annoying live change (unless you want to with just clicking on reload page and have that as a choice) for people who has epilepsy it is very bad thing to be watching the price via preev. Developers of these sites need to be aware of everybody and be sensitive of their audiences health in regards to these preference. Embarrassed
Apart from that, my real question about your post.
What exchange does coinmarketcap use for there btc price listed on the website?
legendary
Activity: 1862
Merit: 1004
February 28, 2017, 09:31:34 AM
#97
People mentioned that bitcoin can be upgraded and lower denomination than 1 Satoshi can be added.
I somehow doubt it could be done so easily, what if community won't accept it? Just like they refuse to accept any scaling solution.
Upgrading bitcoin block/tx capacity/scaling - which is far more important that denomination issue is still unresolved
hero member
Activity: 3010
Merit: 794
February 28, 2017, 09:07:40 AM
#96

When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.

With 1 BTC = $100,000,000 that is far from reality. That is too much Smiley and I think it will never happen in our lifetime. but what I am sure is that bitcoin price will continue to rise and it is favorable to all investors and trader alike.
This is really far from reality and it wont happen even on the future from generations to generations. Its too far to comprehend such price estimation but still no one knows on when bitcoin could able to go far.One things for sure when bitcoins price would reach enourmous amount then all of users of it would be very happy.
sr. member
Activity: 742
Merit: 250
February 28, 2017, 09:04:55 AM
#95
I think this happens possibility is very low, it is almost impossible. Try to imagine, if the price of 1 satoshi is $ 1, the Bitcoin will cost $ 100 million. It is a terrible figure, it's too big. Currently the price of Bitcoin is about $ 1,170, infer if you have $ 1, you will have 100000 satoshi. This shows that the price of 1 satoshi is $ 1 will be very unlikely. The value of Bitcoin is growing very fast, it is very developed but it remains at a certain level. If this happens I think there will be many people become millionaires because many people have more than 1BTC and the world economy will be able to big changes.
hero member
Activity: 518
Merit: 500
February 28, 2017, 08:50:34 AM
#94
When a satoshi is worth $1,  a bitcoin will be worth $100,000,000!
Yeah, exactly.  If and when that happens, signature campaigns will be paying about 3-4 satoshis per week.  Think about it. 

But we're nowhere near that, and I don't anticipate that happening in any of our lifetimes, and probably not even in our great-grandkids' life times either.
From my perspective, I don't deny that we haven't gotten anywhere near the future of bitcoin valued $100,000,000 and it's a long way up so I don't expect it to occur before I die but maybe in our children's time, things will change and you can't predict how fast and rapidly bitcoin will grow then. It's like 7 years ago, no one would think that bitcoin would ever reach the price of more than a thousand dollars, so there is nothing predictable.
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