Topic: Every tiny piece of Bitcoin is worth it! - page 8. (Read 2074 times)

It really depends on how you see the market and the technology in the future. If you foresee that bitcoin would just continue growing and there's nothing to stop it, for example, a revolutionary altcoin or more strict regulations, then for you, holding bitcoin even in small amounts would earn you large profits. But for short-term investors, it isn't a good idea. They'll just waste time and money if they hold and does not intend to keep it in the long run.

Even me! On the early years of bitcoin, I don't care about small decimals that I left on every wallet I create, I only care about a whole number of bitcoin and .x amount of bitcoin, The value before isn't very high but it is good enough to believe that it has future. When bull run happened in 2017 I opened up many wallets that I did create on the year 2013 - 2015 to see if I have stored valuable bitcoins there, lucky to know that all of my private keys were on my old computer and It all worked up. Earned a lot of money from the trashed assets before.

Way back 2015 I have many wallets at blockchain.info and I always have many leftover of 0.01 btc in my wallets and even in exchanges. I did not mind those bitcoins since it is just  2 dollars worth of btc and I have 0.5 to 2 btc in my main wallets. But starting 2017 when bitcoins value went up I opened up all my wallets and transfer my bitcoins into the main wallet. I even scout the logbook  of every site I visited and withdraw my bitcoins. Its that time I realized that how much less a value of a satoshi we have today but if we hold it long term it may be very valuable in the future.

I think this is the effect of a very limited total bitcoin supply, so when you have even the smallest bitcoin it will be very valuable, so you better be able to save bitcoin and grow your bitcoin assets by trading or by other means.

It is better to keep our Bitcoin safe. So you should combine all of these and find a more secure wallet. We do not know how long these exchanges will last so we should be careful.
And of course how many BTC do you have on these exchanges? Some exchange reaches 0.001 to 0.0012 BTC withdrawal fee.

Problem is adoption and getting around that stigma of bitcoin being a scam currency, there are definitely millionaires in the world that hold amounts of bitcoin and other cryptocurrencies.

BTC going to that price will mean that we'll need to see a lot of new changes being made, almost like a lightning network v2. Keep in mind, the 2 dollar fees we are paying will then become 200 dollar fees when BTC reaches those prices.

Its not silly at all. Each bubble people can realize that their 0.1 is not change anymore but serious money instead.
Buying BTC for $150 and now is huuuuge difference that will be even bigger and bigger. I strongly believe in that. Nobody knows, only beliefs are in place

To avoid scarry for the possible closing of the some exchange choose strong exchange like binance, bittrex cincase, poloniex that exchange I guarantee that said exchange is surely stable  less worry for the security of the investment.

I've been there with faucets. I didn't have money so I started claiming faucets at first and they got me excited at first but then quickly got boring when I realized this is taking too much time. It took almost an hour to claim a single dollar at that time. I didn't think about future prices and now every dollar claimed from that faucet would be worth 8 or 9. 9 dollars per hour is still a bad wage but enough when you're broke and just need a few dollars to pay the bills.

In a year a Bitcoin could be worth 50 thousand dollars if we have another big bull run.

Well, I don't really think it is worth it  doing. tiny piece of Bitcoin will not be worth anything even if the market value of Bitcoin is $1 million dollar. You don't need to waste your time on this.

Regarding small amounts, Faucets are offering small Sat's those rather small amounts can surely become a huge benefit someday but surely even though it is giving free bitcoin by clicking it is a total waste of time because some are just thinking that it is just small amount, But I am not clarifying that Faucets can make you profits instantly I say it needs hard work and determination to make you whole Bitcoin using it.

And I am also not looking down on people that are valuing that small amounts of satoshi's just like Fiat money it is worthwhile to save these small amounts for future benefits, we may never know the value of that Satoshi you have can make a profit in the future.

Every Sat's count it is what most of people forget they often ignore those small value.
Seem's like they forget that you could make a 1 dollar without a cent and it also applies here in crypto.
You couldn't hold or own a whole Bitcoin without having sat's most of us are ignoring those small amount of Sat's.
Every small amount counts so don't look down on the people who value those small amount of Sats.

I'll be agree for it because every piece of the Bitcoin has been design with one name even a last bit also named as satoshi, with the name who invented Bitcoin. Then if you see the the faucets also you can still find people are getting last bit of BTC there. They reward them in 100 or few hundred satoshis.
Hence I believe it is with obvious worth.

While I was scrolling in the forum, I inquisitively searched on the old campaigns that was established like years ago (around 2014) and I saw the pay-rates were around 0.04 BTC and above! Imagine if that were the case right now and I'd bet that almost everyone would be relatively financial stable. But that was before the prices of bitcoin were below ~$1,000.

Currently, the price of bitcoin sits around ~$8,200 and every tiny piece of it is worth-it especially if you are considering the long-term aspect of investing. So before you use your resources, think about what happened when its price reached around $20,000 last 2018!

I've been involved with bitcoin and crypto since the 2013 days. I basically had many many different exchange accounts, bitcoin wallets, pool accounts and such. If you were around in 2014 or so, back then there were no bitcoin backlogs and you never had to pay $50 just to get a single transaction confirmed. You just needed to use the default fee of 10,000 sats and it would get confirmed within the next block, even if you were cheap you could probably get it confirmed for 1 sat/byte which might of been a fraction of a penny.

Here is what I used to do. If I had like 1.00015000 BTC in some wallet.dat or some pool, due to laziness I would just withdraw the 1 BTC and leave the dust in there. At $150 a coin it was only like 2 pennies. And the way the old wallets worked, you had to manually subtract the fee or else it would fail, so due to my laziness I didn't want to load the calculator and I just withdrew 1 BTC. I probably had like 5-6 wallets like this.

When Q4 2017 came around, each dust payment was worth something. So instead of being worth 2 pennies it was worth ~$2-3 or so. So I would reload those all wallets, sync them up and send them to an exchange and sell them.

The best in my opinion was my old ETH pool accounts. I had something like 0.09 ETH and usually the min ETH withdraw was 0.10 ETH so I just left it there and switched to a different pool and when it hit $1400 that 0.09 ETH was worth over ~$100. Luckily the pool kept my old balance and didn't clear it after inactivity.

You are just overthinking it because I think you suffer a lot from the bearish trends last year. And now you want to take most of those satoshi that you left on the exchanges but it is not worth it to take them now since there are exchanges who do have a limit of minimum withdrawal per account.

It might not worth it to get it now but by the time each satoshi would worth a  thousand dollars we may be too old at that time where we forgot what exchanges we have been using.

Love how all these accounts talk about "back in the day" fighting about pennies worth of bitcoin, and then now scrambling for pennies worth of bitcoin with some account that started way back in the day. And then their last few days of posts are all about similar "back in the day" stories, but of course with the odd postbursting periods in random altcoin thread.

If you're really all about Bitcoin, why all the time spent in XYZ token, and then asking to give BNB token attention, for example?

And after 5 years, why on earth are you still keeping anything on exchanges?

I believe in this. I started earning bitcoin thru faucets. Before bitcoin's rise on 2017, I already got a few payouts from different faucets, and I truly value the amount I got there when bitcoin's price had increased. Even if I'm also doing other known ways of earning bitcoin, I still use faucets even if it pays less these days and even if it takes days for payouts. For me, even those tiny amount I got there is still worthy. Every satoshi is indeed worthy to save. Just wait for bitcoin's price to reach it's all time high and you will realize the importance of this.

I have small pieces of bitcoin in a lot of exchanges too but the fees are to high to withdraw them and even if I deposit I would loose more than I deposit. My only option remain to use waves dex to deposit the supported coins from exchanges I have in order to buy waves/monero/dash and withdraw them to my waves dex wallet and then convert them back to bitcoin as there the fees are lower and  I could even sell them in USD or GBP/EURO.

Basically what are you saying is completely right , every piece of bitcoin counts and I'm sure there are a lot of users in our situation and some of them even forget they have small bitcoins on some exchanges.

Yes every tiny piece of bitcoin are so worth it because of that tiny we can accumulate one bitcoin not in short time its a long time investment. So tiny piece or called it satoshi are very important thieng.