Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Price of 1 Satoshi rise to $1?
by
investeerder
on 06/09/2017, 08:07:58 UTC
Quote from: The_Dark_Knight on September 06, 2017, 03:58:08 AM
Quote from: BigBos on August 31, 2017, 03:23:38 AM
Quote from: The_Dark_Knight on August 30, 2017, 09:45:33 PM
Quote from: Bittoshi on August 24, 2017, 09:09:36 AM
In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?
Unless there is a mass printing of the US dollar I do not think that is going to be the case, a single bitcoin will be worth a 100 million dollars and that is simply too much I think if that happens those 100 million dollar will probably buy only what 10k dollars buy today or something like that.
well, of course bitcoin would be greatly hunted if it really happened. besides, bitcoin will probably be a very step coin, and very valuable on the internet if 1 satoshi is really priced at $ 1
At that point the price in dollars will be meaningless, everyone will try to get their hands on bitcoin no matter what they have to give up in order to get it, it is very similar to what happens when an economic crisis hits a country and then everyone is trying to get dollars or gold.

How could be the price of dollar would became meaningless? while the point of that rise is we can earn huge if that instance will came true and the difficulty to get more bits are getting more harder so there's no point that price of fiat will became affected if this scenario will be happen.