How to understand investing denominations of Bitcoin?

pugman

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dogs are cute.

Quote from: Millzp0 on November 09, 2017, 12:40:26 PM

The high price of BTC is obvious and intimidating especially if your a new player in the game and not as seasoned as the pros how do you explain buying and selling or breakdown of denominations to invest in Bitcoin when you can not afford the full thing just yet.

According to Google :Each bitcoin (1 BTC) can have a fractional part of up to 8 digits so 1 bitcoin can be divided into 100 000 000 units. Each of these bitcoin units (0.00000001 BTC) is called a satoshi. A satoshi is the smallest unit in a bitcoin. This unit is named after Satoshi Nakamoto – the alias of the bitcoin creator.
So you can invest in bitcoin according to your capacity and will. There is no restriction or limit for investing into bitcoin.

minersday

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What do you mean? if you really want to buy bitcoin, the price is not a barrier or something that is telling you to dont to buy/invest.
You can just buy a fraction of bitcoin instead of one bitcoin, it is one of the best things that you can do if you dont have more than $7200 to afford on a whole bitcoin.
You can just buy 0.05 and it is a nice amount of money, but you can not use it to invest because it is almost anything.

Millzp0

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The high price of BTC is obvious and intimidating especially if your a new player in the game and not as seasoned as the pros how do you explain buying and selling or breakdown of denominations to invest in Bitcoin when you can not afford the full thing just yet.

Topic: How to understand investing denominations of Bitcoin? (Read 191 times)