Topic: Is Bitcoin really too Expensive? Then Buy Satoshis (Read 545 times)

For average income earners who wants to do Bitcoin investment, if they can not afford to buy 1 Bitcoin, then it's best to start according to the amount that you have, by buying in Satoshi, being the smallest units of Bitcoin. I love Bitcoin investment because it affords the investors opportunities to start small, they can do DCA method and continue to accumulate and hodle until it reaches one Bitcoin and beyond. If an average income earners is perssionate to start the journey of Bitcoin investment, the relatively high price will not be a discouragement because of the option of starting in satoshi. The way Bitcoin price is increasing it might get to a level where you'd have to be rich to do it's investment, thankfully Satoshi will bridge the gap.

Bitcoin was made in way that it can accommodate any interested person, if you are an invested that believes that you can only but when you have more than enough that can satisfy your mindset, I think Bitcoin is not for you, bitcoin investment was made so is that you can go as low as 1bucks, I don't know why people fail to understand that, most I feel that, it is only greed that triggers this kind of mindset, when you want to grow in a system and you don't have all it takes to move it fast, don't you think that the best way to go is to use the instrument within your reach to reach their.

I still position myself as a beginner and buy bitcoin fractions regularly. Even though it is hard, I force myself to continue what I am doing because I want to have more bitcoins.
If we can regularly buy bitcoins, regardless of the amount of money, we can definitely have more bitcoins. But always use the money you can afford to buy bitcoin so that it will not disrupt your financial position.
We also don't need to buy bitcoin in full because the current price is already expensive for many people. But we are lucky to still be able to buy bitcoin fractions, so that doesn't stop us from continuing to invest in bitcoin.

They can buy altcoins but they really have to be careful in choosing altcoins. Not all altcoins can get a rise in the altcoin season so they really have to analyze it deeper to find the right altcoin.

OP is making it sound like Satoshi is another project on its own which is kind of funny and a little misleading to newbies that don't understand what Satoshi is but I get the point he's trying to communicate by writing his thread in this way. It was actually the title of the thread that caught my attention and I'm sure it'll draw the attention of others and maybe after they read the thread they'll understand better that they don't have to own a whole Bitcoin before they can participate in the industry too. People see the price of Bitcoin and immediately think they can't afford it which discourage then from researching further to understand the currency. Just like the OP has said and others has contributed, you don't have to own a whole Bitcoin to become a Bitcoin investor and benefits from the profits of Bitcoin.

Consider every fraction of Bitcoin that you own as a share in Bitcoin profit that'll make you eligible to receive the rewards of holding Bitcoin. If Bitcoin price increase by $1000 and you own 1 Bitcoin, it means you'll receive 100% of that $1000 that Bitcoin gained and the percentage spreading across the fraction of Bitcoin you own. If you own 0.1 Bitcoin you get 10% increase of that $1000 that bitcoin gains and the percentage you gain follows same path. This is why the more Bitcoin fraction you own the better you stand to benefits from the profit increase of Bitcoin. Invest based on your financial strength and don't borrow money to own more Bitcoin because when the market corrects and you invested more than your Hodling limit, you'll be panicking and probably miss out of gains you were suppose to get as you sold under panic.

Coming from a different perspective, I think the idea of an investor using the DCA strategy of investment to HoDL BTC for the future gains, is made possible by accumulation of fractions of BTC or satoshis periodically till the elapsed during of liquidation.
It makes sense as OP reiterated this stance to encourage others who think owning BTC is impossible or meaningless unless one can afford at least 1btc.
Well, the price currently would even shatter the hopes of any poor, common or peasant person, who has had a dream of investing in BTC or cryptocurrencies as the future of money for financial freedom and independence, but is faced with the current market price.
The best advice is this post. Buy Satoshis over a duration and HoDL. It is sure going to increase in value, unless one intends for other reasons such as includes to trade.

When you are still that a noob then you would really be having that impression that you should really be needing to buy a whole coin but sooner or later you would really be able to realize that it isnt really necessary
since you could really be able to buy in fractions on which this is the most viable thing to be done since not all would really be able to afford a whole coin. So it is really just that a normal action to be made on
with someone whose really have decided to deal up or making some Bitcoin investment. It isnt really that necessary that you would really be buying a whole coin since you would really be that able to buy in factions.
Bitcoin  whole coin is really that expensive and not something that all individuals or investors could really be able to afford..

Some people would really be putting up their interest on buying in other altcoins because they do really always have like that situation or impression that getting a whole coin
is really giving that kind of good feeling on which they do know that they've been holding tons. lol

Satoshi is not Bitcoin's any side project, but Satoshi is Bitcoin and likewise is Bitcoin Satoshi, vice-versa,  and I so much agree with what O.P said in this thread, since Satoshi is a fraction of Bitcoin, and for whoever can not afford to buy a whole full 1 Bitcoin, can likewise afford getting it's fraction which is Satoshi, whereas, as the price of Bitcoin skyrocket, so will it's finite unit also increase in value due to demand and supply.


And for the price of a Satoshi currently at $0.000366 to skyrocket to $0.1, it will take approximately 30,000%, which will still literally take probably either 5 to 10years, or two halving period.

They must be able to understand this so they can start buying bitcoin with the smallest value according to the budget they have made. By buying bitcoin regularly, they can collect more satoshis, especially if the price of bitcoin experiences a deep decline.
By purchasing regularly, they can increase the number of satoshis and within a certain time, maybe they will be surprised to see the number of satoshis they can collect.
They may be even more eager to collect more satoshis when they see that they still have the opportunity to buy more bitcoins.
And yes, their intention and perseverance will increase when they see that they can collect up to a lot of satoshis.

You are absolutely right. For some reason, people forget that they don't have to buy 1 bitcoin at once. You can only buy a part of bitcoin, and that will be enough. Gradually accumulating, you will get 1 bitcoin and even more. It all depends on your intentions and perseverance.

actually that is what I also seen in the market , there are so much talk about how can they
 purchase bitcoin when the price is around 5 digits when the truth is they are not obligated to purchase a
whole instead just satoshis is more than enough to hold.
that seems to be Odd mate , calling to be TOO POOR but recommending to purchase around 732 dollars?
mate that amount is a few months salary in 3rd world countries , how could a Poor can have this?

Most of us here can't afford to have 1 or 2 bitcoin in one single purchase, not because we don't have that kind of money equivalent to 1 bitcoin, but because we all have our own financial responsibilities, other investments, and savings too. We just can't put our money in just bitcoin, though we're almost certain for the profit that we can get in the future with bitcoin, but it's very volatile nature makes it hard for us to withdraw and buy back whenever we want. So, that's one of the few reasons why we should never put all our money in bitcoin most especially the emergency funds.
DCAing or purchasing fragments/satoshis during dip will be effective for most the most of us.

Why focus solely on the overall BTC price? If we're keen on investing, we should adhere to fundamental investment principles, much like with traditional fiat investments. It's crucial to only invest what we can comfortably afford to lose. Instead of fixating on the present price, it's wiser to assess its potential for growth. If you believe the current price could increase by x100, then make that your investment goal. For instance, if your affordable investment is $10,000, set your target at a future holding value of $1,000,000. Remember, it doesn't have to be precisely 1 BTC; you can invest gradually to reach your goal.

This seems to simplify our thinking about Bitcoin with smaller units. This makes sense and can influence our psychology in investing. that's because when we look at the value of 1 BTC, it feels very expensive. but when we think about 1 Satoshi, of course, anyone can put their money in increments.
the beginners who come and want to invest in Bitcoin are too afraid when they have to buy 1 BTC at a very high price. and instead, shift their choice to altcoins that look cheaper.

Such thinking has represented most people who have been involved in bitcoin and perhaps we have also said that bitcoin is expensive since it gained upward momentum after its price did not exceed one slice of pizza. Then as time goes by the development process continues and bitcoin finds a rate of increase on a scale that exceeds reasonable limits so that people begin to realize it is too late to buy it. But precisely because of this increase, it provides an opportunity for us to establish ourselves as involved in bitcoin because it has a value that continues to rise as a way to maintain its value.

If in this period people still see the price as too expensive then for the next few decades there will be similar questions for people who are new to bitcoin and/or who have not yet started buying. Treat bitcoin as an investment asset and buy it in responsible amounts according to existing money holdings gradually because that way we will find financial freedom to steady investment flows in the future.

Don’t suggest someone to invest by giving the likely return that will be obtained, because all just estimates can happen but also vice versa, and when what you say doesn’t happen despite saying it’s possible then people will feel getting the wrong advice from you, just say that Bitcoin is good as one of the investment options at present while regarding the price no one knows definitely so it is better to buy with the money that we really can afford to lose by staying alert to the possibility of bad things happening.

I agree with you, Op. Currently, Satoshi may still be underestimated. Because the current price is still very, very cheap. However, if we look back at bitcoin, bitcoin used to have a very cheap price. But in just 10 years, Bitcoin has experienced a huge price increase. So OP's perspective makes perfect sense. Because maybe in the future bitcoin will experience an even more expensive price increase, so that automatically the price of satoshi will also increase. So it's true, don't take 1 satoshi for granted nowadays. Because it is true, it is possible that in the future the price could be as expensive as Bitcoin is today.

I have had similar experience on several occasions. The first question they usually ask is how much is 1BTC  and as soon as you give them the answer, they become discouraged siting that it is already too expensive for them to afford. It always require a great deal of explaining to tell them they can buy fraction of Bitcoin based on how much they can afford.

With this idea of Satoshi, I think the explanation will become easier since we are dealing with a whole number here. It will require less time to make them understand that Satoshi is a smaller unit of Bitcoin.

If that is only the amount that we can afford, then there is no reason to think about buying the whole 1BTC as it was really expensive but yes, rather focus on accumulation in sats because as we continue buying that will be formed into 1BTC.
1o years from now, we can never expect that the price of Bitcoin will be cheap but instead, it will become expensive. That is the thing we have to anticipate and take the chance while we can still buy 1 sats for less than $1 for it possibly be 1sats = $1 in the future.

When people I know talk about the value of Bitcoin and how they can't afford to buy it because it's so expensive, I'm not trying to confuse them further. I propose the most understandable solution for them: investing some amount of fiat. How much they can afford to invest in fiat is later translated into the number of bitcoins they will receive. I think this is the least simple explanation for people trying to also become part of the Bitcoin trend. Further, they have the opportunity to independently observe price movements and draw conclusions about what they want to do in the future.

It is a positive aspect for investors that there is no fixed investment amount for Bitcoin investment an investor can invest in Bitcoin with minimum amount of money. Since an investor can invest in Bitcoin with minimum amount of money, I think the high price of Bitcoin will not have any negative impact on his investment. If an investor thinks he will invest in Bitcoin as he wishes, he can also employ Bitcoin as he wishes. There are many investors who save some money from their monthly salary and invest in Bitcoin. Since people can save some money from their salary money and invest in Bitcoin, I don't think investing plan can be expensive for a person.