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Topic: What will happen when 1 satoshi is $ 1? - page 24. (Read 17297 times)

sr. member
Activity: 284
Merit: 250
February 27, 2017, 03:36:11 PM
#73
Well I will definately regret selling off my Bitcoins hehe.
Keep hodling dudes  Wink
hero member
Activity: 826
Merit: 1004
February 27, 2017, 03:31:01 PM
#72
This will never happen in 100 centuries. What you are thinking is too much i mean most people have gone crazy behind bitcoin first 25000$ per bitcoin now 1 satoshi = 1$. Come stop expecting so much, just be happy what it is providing now and wait till end of the year when it reaches 2200$ plus
hero member
Activity: 924
Merit: 506
February 27, 2017, 03:22:24 PM
#71
Something every one should know, after the next 2 or 3 decades we'll never be the same in technology advancement, by then bitcoin will become something entirely different in a way that is not possible today. even today not every one governments or smart individuals figured out what bitcoin really is and recent spike in price is because of the news of ETF of bitcoin. if you want to triple your money in less than 3 years, I'd suggest to buy now before it's too late because ETF or not price will be higher than $4000 before next halving happens.
hero member
Activity: 868
Merit: 500
February 27, 2017, 03:17:43 PM
#70
Being ceptic about such prediction, i dont believe bitcoin will reach such value in the future, i do believe bitcoin will reach 5000-1000 dollars for 1 bitcoin, above those it would need mass adoption and be recognizes as currencie and payment processor as well, something that looks like wont happen never.
member
Activity: 116
Merit: 100
February 27, 2017, 03:09:02 PM
#69
I think it will affect on market arround the world, too many rich people is a bad
sr. member
Activity: 462
Merit: 250
February 27, 2017, 03:05:27 PM
#68
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?
Well, it's highly unlikely to reach 1 satoshi to 1 dollars. if it does you can be generous and pay 1 dollars for cent payments lol.
  some good info here. https://bitcointalksearch.org/topic/can-bitcoin-be-divided-beyond-satoshis-1453262

it won't happen, i think everyone will got rich if it happening. No one want to coding, selling or work to get money, it means everyone will have lazy ass

Does Supply and Demand Only Affect Prices?

The law of supply and demand does not just apply to prices. It may also describe other economic activity. For example, if unemployment is high, there is a large supply of workers. As a result, businesses tend to lower wages. Conversely, when unemployment is low, the supply of workers is also low, and as a result, to entice workers, employers tend to offer higher salaries. Similarly, in the world of stock investing, the law of supply and demand can help to explain a stock's price at any given time.
legendary
Activity: 1400
Merit: 1009
February 27, 2017, 02:54:06 PM
#67
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?
Well, it's highly unlikely to reach 1 satoshi to 1 dollars. if it does you can be generous and pay 1 dollars for cent payments lol.
  some good info here. https://bitcointalksearch.org/topic/can-bitcoin-be-divided-beyond-satoshis-1453262
sr. member
Activity: 476
Merit: 250
Bawga
February 27, 2017, 02:27:29 PM
#66
May be The World end.  Roll Eyes
sr. member
Activity: 255
Merit: 250
February 27, 2017, 02:25:15 PM
#65
Propably Europe will face huge imigration problem becouse of number of refugees from USA,that time it could be war also,but it will not happen during my lifetime
Having 1 satoshi to $1 does not mean that dollar value is depreciating and that is not what the OP intended to know. If the value of bitcoin increases then every fiat currency will be below and the valuation will be accordingly and you do not see people coming over to Europe because conversion rate will be not that different.I would be wise to settle down in a third world country where you can take the full benefit of the valuation difference.  Grin
sr. member
Activity: 910
Merit: 251
February 27, 2017, 01:53:51 PM
#64
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
When that happen all bitcoin enthusiast who hold BTCBTC will become rich. But that's not going to happen I think even I like that, I can't even imagine that by that time it's equlivalent of 100,000,000$/each bitcoin.
Pab
legendary
Activity: 1862
Merit: 1012
February 27, 2017, 12:59:50 PM
#63
Propably Europe will face huge imigration problem becouse of number of refugees from USA,that time it could be war also,but it will not happen during my lifetime
hero member
Activity: 574
Merit: 500
February 27, 2017, 12:08:37 PM
#62
$1 per satoshi

Well... it may happen only in post-apocalyptic world where a hamburger will cost $10000. I don't think that you would be happy anywhere there.
It is possible for BTC to reach such value but that might take a lot of time to reach such standard. I agree to the fact that due to inflation, all the other commodities will also rise making the feat just another number and not really a big achievement. In the other case if it happens without much inflation in other items, anyone associated with BTC would be rich. In any case, that days is far away and not worth pondering upon as of now.
legendary
Activity: 1218
Merit: 1007
February 27, 2017, 12:05:19 PM
#61
If one satoshi is equal to one dollar, there are going to be a lot of very wealthy people who got in on the entire thing early, and chances are Bitcoin will either be despised by other banks and financial system, or, in a more unlikely scenario, we might see an entire change with the current financial system and they may embrace Bitcoin.

Either way, $1 being 1 Satoshi is a massive fantasy.
sr. member
Activity: 700
Merit: 330
February 27, 2017, 12:00:51 PM
#60
$1 per satoshi

Well... it may happen only in post-apocalyptic world where a hamburger will cost $10000. I don't think that you would be happy anywhere there.
legendary
Activity: 1918
Merit: 1759
February 27, 2017, 11:58:55 AM
#59
We all gonna be rich as in millionaires. I hope it will happen someday but highly unlikely though because of the market cap of bitcoin. How I wish if could happen.  Cheesy
Sad to say It will never happen to jump bitcoin price like that high. 1 satoshi is equal to 1 dollar is insane.
The whole world will be disturbed if that happen ,The worst case would be government will ban bitcoin because of it s price if we imagine it happen.

The price of Bitcoin can be @ $100m only when people wish it to have its price there. Bitcoin prices don't go up/down automatically, they depend on demand and supply. I don't think demand can be stronger enough ever to sustain 100m price. Well, no matter if government ban Bitcoin, goods have higher values in black market.
sr. member
Activity: 2436
Merit: 455
February 27, 2017, 11:44:13 AM
#58
That means a holder of one bitcoin will be a billionaire in dollars. For me personally I pray that should happen as I will automatically because a billionaire in dollars.  I doubt if this is possible in the next 50 years to come an by then I believe satoshi and others cryptographers will update the blockchain for a cent like value. I really wish this happen.

It is good to be true to be honest, it is true what you have said that we could be millionaires when this happen, though, it will take years for this thing to happen for sure. The Government is out there, our number one enemy about getting bitcoin as the currency that we can be use in our everyday lives, since they can't control the bitcoin network, that is why still now, they are not seeing bitcoin as the key for the success in every countries around the world.

They are sticking to the thoughts of "what if" and other negativities about bitcoin, though some of their reasons are true. But I think the only problem here is those people who are using bitcoin in illegal activities that is why Governments are against it. Trying to encourage those people not to use it anymore on some kind of activities like that will help to promote bitcoin as a payment on every transactions that we will have in the future.

And also, Governments must seized those online shops that is selling illegal goods like illegal drugs, guns and so on, so that, bitcoin can't be use to something like this again, also for everyone not to be tempted on buying something like this.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 27, 2017, 10:58:36 AM
#57
We all gonna be rich as in millionaires. I hope it will happen someday but highly unlikely though because of the market cap of bitcoin. How I wish if could happen.  Cheesy
Sad to say It will never happen to jump bitcoin price like that high. 1 satoshi is equal to 1 dollar is insane.
The whole world will be disturbed if that happen ,The worst case would be government will ban bitcoin because of it s price if we imagine it happen.
full member
Activity: 211
Merit: 100
February 27, 2017, 10:53:40 AM
#56
$1 per satoshi
=
$100,000,000 per BTC
=
$2.1 QUADRILLION market cap

Is POSSIBLE if there's a HUGE derivative market based around BTC, but it's insanely unlikely it will ever happen
sr. member
Activity: 2618
Merit: 439
February 27, 2017, 10:28:37 AM
#55
We all gonna be rich as in millionaires. I hope it will happen someday but highly unlikely though because of the market cap of bitcoin. How I wish if could happen.  Cheesy
hero member
Activity: 1792
Merit: 728
February 27, 2017, 10:00:06 AM
#54
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!

haha. if 1 satoshi is worth $1, I think bitcoin users will be happy. and we are waiting for that, the increasing price.

however, I think you probably mean what if 1 bitcoin is worth $1? cmiiw.
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