If you do the math on a single Satoshi which is .00000001 of a Bitcoin it's ONE PENNY exactly against the dollar if one BTC is worth $1 million USD. I find that math very interesting because if in 5-10 years Bitcoin becomes the global currency this means that a candy bar or example which is 85 cents will likely instead cost 85 satoshi. Something $10 will be 1000 Satoshi. There is a natural feel to such an equation whereas now most people get confused about BTC math in relation to USD.
Will a Satoshi equal a Penny one day? I truly believe so.
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I don't want to let myself believe that it's possible for BTC to go to $1,000,000.
That's absolutely insane. I don't know what I would do with myself.
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(May 31, 2019 02:31 PM)Omniscient Wrote: If you do the math on a single Satoshi which is .00000001 of a Bitcoin it's ONE PENNY exactly against the dollar if one BTC is worth $1 million USD. I find that math very interesting because if in 5-10 years Bitcoin becomes the global currency this means that a candy bar or example which is 85 cents will likely instead cost 85 satoshi. Something $10 will be 1000 Satoshi. There is a natural feel to such an equation whereas now most people get confused about BTC math in relation to USD.
Will a Satoshi equal a Penny one day? I truly believe so.
That would be amazing. I think satoshi himself planned it to feel comfortable like this
Maybe at that point in time, if it were to happen, my dad would stop referring to it as "fake internet moneys". No matter how much I try to explain to him, he still thinks it's all some sort of scam 🤣
(May 31, 2019 02:34 PM)BTC Wrote: Maybe at that point in time, if it were to happen, my dad would stop referring to it as "fake internet moneys". No matter how much I try to explain to him, he still thinks it's all some sort of scam 🤣
If your dad was smarter he would know the USD is more of a scam than BTC. Tell him to read a book.
May 31, 2019 02:38 PM
(This post was last modified: May 31, 2019 02:44 PM by BTC.)
(May 31, 2019 02:37 PM)Omniscient Wrote: If your dad was smarter he would know the USD is more of a scam than BTC. Tell him to read a book.
He already thinks that :P He's a very skeptical person that's for sure. He doesn't really like banks or America for that matter.
He used to love reading but he's way too old now to read. He's got pre dimentia so he would just forget everything
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(May 31, 2019 02:34 PM)BTC Wrote: Maybe at that point in time, if it were to happen, my dad would stop referring to it as "fake internet moneys". No matter how much I try to explain to him, he still thinks it's all some sort of scam 🤣
I get that all the time, even from my accountant....
But here we are paying bills with btc...
(May 31, 2019 02:51 PM)Bob White Wrote: I get that all the time, even from my accountant....
But here we are paying bills with btc...
Yep, even with the amount of integration of blockchain technology in to platforms these days, people still are so skeptical. It baffles me lol
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That would be pretty crazy but would be very nice to see happen in my life time!
Maybe in the future btc will reach 1 million
But I think we won't be in this world ??
Omni what do you think about the next halving of bt next year?
Do you think to reduce the inflation bitcoin will reach 50/70k $? ?
Bitcoin will not hit 1million, I will tell you that
(May 31, 2019 09:27 PM)Phil. Wrote: Bitcoin will not hit 1million, I will tell you that
That's what people said about it when it was $500 that it would never hit $10,000. BTC only has to do the same multiple is has done from 2013. That puts the target of $1m at 2025.
You'll feel like an idiot by then.
May 31, 2019 09:41 PM
(This post was last modified: May 31, 2019 09:42 PM by Phil..)
(May 31, 2019 09:32 PM)Omniscient Wrote: That's what people said about it when it was $500 that it would never hit $10,000. BTC only has to do the same multiple is has done from 2013. That puts the target of $1m at 2025.
You'll feel like an idiot by then.
You dreaming so hard haha
I don't think it will be Bitcoin but a new cryptocurrency with more performance. Again, that's my opinion!
Bitcoin hitting 1million imagine, I can see myself swimming in the millions like I’m Scarface in the tub smoking a Cuban.
Quote:You dreaming so hard haha
Not really because I don't plan to hold BTC. So if you think I'm one of those guys trying to get rich from crypto, you're wrong. Most won't hold. They'll sell on highs or panic sell on dips. Very few are holding their BTC when it was under $500. Most trade it regularly, buy it, sell it, or earn it in commerce.
I can give good reasoning for the $1m BTC price. Can you tell me why it won't reach that level?
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