1 UBTC to USD - Exchange - How much US Dollar (USD) is 1 ...

A case for the microbitcoin (uBTC) satobitcoin (sBTC).

Everyday, there are dozens of post being made about how we need to stop referring to whole Bitcoins and begin using the millibitcoin (mBTC) or microbitcoin (uBTC) as the new standard denomination. Within all of these discussions, you generally have a handful of people advising that we skip past all of them and go straight into using the Satoshi as the new standard unit.
Right now, we are on the verge of the millibitcoin reaching parity with the US Dollar. While this will be unquestionably convenient for BTC accepting merchants, the fact remains that at this point, barely any of these merchants are pegging their prices to the Bitcoin, but are instead using USD, EUR, etc and letting the payment processor do the conversion based on the current exchange rate. Therefore, by this logic, it makes little difference what the merchants decide, since they are most likely using Bitcoin has a cheap form of payment processing.
The question we should all be asking ourselves is how high do we expect the Bitcoin market cap to climb, before we reach a point of stability, and how long do we anticipate it will take for us to get there. The honest truth is, that none of us can definitively answer this. However, let's assume that Bitcoin has enough growing room to achieve a $100B market cap by sometime in the year 2015. At this point, one Bitcoin will be valued at approximately $6,666.67 USD, which would mean that the millibitcoin will have reached $6.67, whereas the microbit will have yet to reach parity with the US cent. Now, if you are looking at this from an American mindset, you are probably thinking, "Gee! mBTC's are awesome! The market will have to increase another ten fold before we will even need to start considering using anything else." The honest truth is that you are probably right. However, we Americans usually have a hard time accounting the fact that we only make up about 5% of the World's population. Let's see how the uBTC stacks up to a few currencies that are within markets that have potential to deliver serious growth to the Bitcoin economy.
At a $100B USD Marketcap (current exchange rates) 1 uBTC would be the equivalent to
.09 Mexican Pesos
.02 Brazilian Reals
.42 Indian Rupees
.02 Israeli New Shequel
.58 Kenyan Shillings
As you can see, compared to other global currencies, the uBTC does not seem nearly as small as it does for us in the US. Now, let's take this to an extreme hypothetical. Let's assume that one day Bitcoin reaches a total market cap of $1 Trillion USD. At this point, the uBTC will be knocking on nearly a .07 USD valuation, and will have surpassed parity of some of the currencies listed above.
So what is the right answer? Truth is, there isn't one. The preferred choice of BTC denominations should be a regional decision, and not a global one. I do know that while a $1 Trillion market cap is within the realm of possibility, I do not see it happening by 2015, then again, I could be incredibly wrong. What does need to happen I believe is that developers need to design their products and services, such as wallets and exchanges to be as modular as possible for each individual user, and possibly set the defaults based on wherever the service or application is being used.
Furthermore, you'll notice that I referred to the Satoshi as a satobitcoin (sBTC). Why? Well, let's be real. Does anyone honestly think that a "satoshi" is going to be widely accepted around the globe if Bitcoin grows to the level that we are all hoping that it does. My money is on no. It's a nice gesture, but I just cannot see it being widely adopted in the long run. Nanobitcoins have a nice ring to them, but that would require Bitcoins to be broken down to the ninth decimal place, rather than the eighth that Satoshi originally intended. I personally think that the "satobit" has a much better sounding ring to it, is much less jarring and still pays tribute to Bitcoin's originator.
Bitcoin, centibitcoin, millibitcoin, microbitcoin, satobitcoin
submitted by brcreeker to Bitcoin [link] [comments]

Bitcoin Cost & Price Bitcoin Today & Bitcoin Money & Bitcoin Value in Dollars & Bitcoin Account BTC to USD Conversion Calculator Chrome Extension Online CryptoCurrency Calculator with multi-Cryptocurrencies Simple Bitcoin Converter Five Myths About Bitcoin - YouTube 33 TRADING CONVERSION RATE ETORO

The Bitcoin increased by 2.3% on Tuesday 20th of October 2020. Let's evaluate yesterday's price changes. The average value Bitcoin price for convert (or exchange rate) during the day was $11,825.32. Max. BTC price was $11,975.49. The Bitcoin dropped by 2.46% on Friday 16th of October 2020. Let's take a look at interesting data from yesterday. Max. BTC price was $11,531.92. Min. Bitcoin value was $11,255.02. The average value Bitcoin price for convert (or exchange rate) during the day was $11,384.87. BTC price dropped by 2.46% between min. and max. value. Watch the next day. The bitcoin drop could be different prior pullbacks, there can be further pullbacks that investors are considering. Online calculators are there for you when you want to know about the bitcoin conversion rate. This conversion rate is very much important in the cryptocurrency trade as you will trade your assets according to that rate. The exchange rate for the Bitcoin Gold was last updated on October 23, 2020 from coinmarketcap.com. The BTC conversion factor has 14 significant digits. The BTG conversion factor has 15 significant digits. BTC BTG coinmill.com 0.00005 0.082407 0.00010 0.164814 0.00020 0.329628 0.00050 0.824071 0.00100 1.648142 0.00200 3.296284 0.00500 8.240711 0.01000 16.481422 0.02000 32.962844 0.05000 82 ... UBTC [United Bitcoin] USD [US Dollar] 0.01 United Bitcoin = 0.005173 US Dollar: 0.1 United Bitcoin = 0.051730 US Dollar: 1 United Bitcoin = 0.517298 US Dollar: 2 United Bitcoin = 1.034596 US Dollar: 3 United Bitcoin = 1.551895 US Dollar: 5 United Bitcoin = 2.586491 US Dollar: 10 United Bitcoin = 5.172982 US Dollar: 20 United Bitcoin = 10.345965 ...

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Bitcoin Cost & Price Bitcoin Today & Bitcoin Money & Bitcoin Value in Dollars & Bitcoin Account

Bitcoin Cost & Price Bitcoin Today & Bitcoin Money & Bitcoin Value in Dollars & Bitcoin Account. bitcoin companies bitcoin conversion rate bitcoin cost bitcoin currency chart bitcoin daily chart ... Bitcoin has its own idea, and it’s foolish to hope that the billions of potential users will understand Satoshi Nakamoto’s true goals. Therefore, one of the ... 33 TRADING CONVERSION RATE ETORO jlvasd. Loading... Unsubscribe from jlvasd? ... Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 219 watching. Live now; eToro - Copying Top Traders ... Really when the everyday bitcoin conversion rate improves, several conversion services provide diverse conversion rates. For example, assume one service gives to convert your bitcoins at a rate of ... You can then get a rough idea of how much USD that total amounts to at today’s current BTC-USD exchange rate. Try out the Cryptocurrency Conversion & Calculation Chrome extension now. Scott O.