Topic: Is Bitcoin really too Expensive? Then Buy Satoshis - page 2. (Read 651 times)
We can buy Bitcoin units called Sat right now, which are very cheap. I agree with OP; once in a while, we can't imagine buying a whole bitcoin. I know the OP wants to mean just buy Bitcoin and hold whenever you can. In the future, it will give you the biggest return. We have to talk about the Sat price from time to time because the Bitcoin price would be out of reach. So keep accumulating.
-snip-
Even on my wildest dreams on which there's no way for Bitcoin to reach up a million but since future is something that cant be predicted then it could happen and it would really be entirely be depending on the demandOne should not exclude bitcoin from one's investment portfolio even if they does not have enough budget to buy 1 bitcoin. It's a good idea to buy periodically and do so consistently throughout the year - even someone who can afford to buy as much as $10 of bitcoin per week will potentially make a profit. To reach $1M is indeed very difficult - but every moment will be more valuable if bitcoin can print a new ATH in the future.
I don't want to do the math but it's possible when or if Bitcoin reach a million dollars, this isn't going to happen very soon I believe it's going to take a lot of time before we get there, right now I believe people should keep aiming for 1BTC it is still very possible, do this for the long term you will get there, you don't have to buy 1 BTC in a year if you are making not so much money.
I plan to keep accumulating Bitcoin for many more years to get to my main target, I am doing it gradually to my own convenience, it's not a do or die something, it is something you should do with ease and when you can afford it, we are still in a bear market right now, so you still have enough time to keep accumulating before Bull market get here...
Even on my wildest dreams on which there's no way for Bitcoin to reach up a million but since future is something that cant be predicted then it could happen and it would really be entirely be depending on the demand.I plan to keep accumulating Bitcoin for many more years to get to my main target, I am doing it gradually to my own convenience, it's not a do or die something, it is something you should do with ease and when you can afford it, we are still in a bear market right now, so you still have enough time to keep accumulating before Bull market get here...
This is why it would really be that better that you should be going or thinking about something realistic rather than on making yourself hopeful. It would really be just that a distraction on your part if you do keep
on minding or thinking about Bitcoins price to go up on millions. Investing on Bitcoin doesnt necessarily be talking about getting a whole coin on which you would really be that thinking about getting it on that
quantity on which we know that it would really be that not cheap on which means that only a few could be able to afford on which to those people who have that financial capacity.
Somewhat we could be able to make a whole coin via investing + making up some bitcoin paying work/jobs/services or whatever things that you are getting involved into.
Its not necessary to get a whole coin yet we could really be able to own fractions of it on which it is really just that normal that we would really be
sticking into this method but its really that great to own a whole coin.
As a side project of Bitcoin, I don't think Satoshi can become as successful as Bitcoin and be that much valuable. I am saying this because I like to stick to Bitcoin and not focus on other thing. It was still getting the amount of Bitcoin you are paying for, and price increase is going to happen in the future for sure. If I put $100 in Bitcoin I get $100 worth of Bitcoin. If I put $100 in Satoshi I get $100 worth of Satoshi. But here's the catch. I'm not sure if Satoshi is going to increase in price as much as Bitcoin. So just to be on the safe side, I will choose Bitcoin.
Time to profit ratio is always going to be the best with Bitcoin. I don't think it is the same thing with Satoshi. Owning one Bitcoin is not the dream rather having something in Bitcoin should be our dream. Bitcoin is expensive but you are getting what you are paying for. So I don't think what's the problem here. The more people buy it the more expensive it gets but it is not wise to choose other thing because it's expensive. It will increase in value in the future. So it doesn't lose its value which makes me think that whatever else is out there Bitcoin is the one for me.
Time to profit ratio is always going to be the best with Bitcoin. I don't think it is the same thing with Satoshi. Owning one Bitcoin is not the dream rather having something in Bitcoin should be our dream. Bitcoin is expensive but you are getting what you are paying for. So I don't think what's the problem here. The more people buy it the more expensive it gets but it is not wise to choose other thing because it's expensive. It will increase in value in the future. So it doesn't lose its value which makes me think that whatever else is out there Bitcoin is the one for me.
I don't want to do the math but it's possible when or if Bitcoin reach a million dollars, this isn't going to happen very soon I believe it's going to take a lot of time before we get there, right now I believe people should keep aiming for 1BTC it is still very possible, do this for the long term you will get there, you don't have to buy 1 BTC in a year if you are making not so much money.
I plan to keep accumulating Bitcoin for many more years to get to my main target, I am doing it gradually to my own convenience, it's not a do or die something, it is something you should do with ease and when you can afford it, we are still in a bear market right now, so you still have enough time to keep accumulating before Bull market get here...
I plan to keep accumulating Bitcoin for many more years to get to my main target, I am doing it gradually to my own convenience, it's not a do or die something, it is something you should do with ease and when you can afford it, we are still in a bear market right now, so you still have enough time to keep accumulating before Bull market get here...
OP, this is a real thread in the right direction, the problem with many people is greed, most time too I won't blame them, but it is better to start small, the bitcoin we know today was very small in its price when it was created but today see where it is, and with what I know the more bitcoin is appreciating in terms price up surg, the more Satoshi keeps increasing little by little, every successfully journey started from a day, in the aspect of Bitcoin being expensive, investment of bitcoin has always been made easy for investors to invest the amount the can afford, when I hear people say that Bitcoin is expensive I think thats just a mere excuse, investment what you have, it may increase over time depending on the nature of the market force.
In the future, we will get to a stage where or when we will no longer talk much about how much 1 full BTCbitcoin is worth, but we will focus on how much 1 satoshi is worth.
And today, based on the current price of bitcoin, 1 satoshi is currently valued at $0.000366 according to coinmarketcap.
~snip~
If you missed buying bitcoin in its early days and feel bitcoin have become too expensive, then you have the opportunity again to invest in satoshi, treat satoshi as a bitcoin side project, for in the near future, 1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin, and a total/max supply of 2.1 quadrillion satoshis off the total supply of bitcoin which is 21 million (disregarding that around 6 million bitcoins is estimated to be lost, which also means that the satoshis equivalent to this amount of bitcoins are also lost)
Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
You can't buy satoshis because transaction fees will eat them. To be honest, it's counterproductive to buy satoshis today because we have high transaction fees. It's not hard to buy them on exchanges but since it's never good idea to leave them on exchange, you have to withdraw them as soon as possible and during withdraw exchanges ask you to pay high fees. I think it's better to save some hundred dollars from your monthly salary and buy 0.05 or similar amount all together. And today, based on the current price of bitcoin, 1 satoshi is currently valued at $0.000366 according to coinmarketcap.
~snip~
If you missed buying bitcoin in its early days and feel bitcoin have become too expensive, then you have the opportunity again to invest in satoshi, treat satoshi as a bitcoin side project, for in the near future, 1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin, and a total/max supply of 2.1 quadrillion satoshis off the total supply of bitcoin which is 21 million (disregarding that around 6 million bitcoins is estimated to be lost, which also means that the satoshis equivalent to this amount of bitcoins are also lost)
Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
I believe there will be time when we will calculate payments in satoshis instead of bitcoins. When price goes way up, 0.00000001 bitcoin - 1 satoshi will be like 0.01$.
In the future, we will get to a stage where or when we will no longer talk much about how much 1 full BTCbitcoin is worth, but we will focus on how much 1 satoshi is worth.
Oftentimes on some other forum, or even talking with friends, I read/hear a lot of people saying that they won't buy any bitcoin because it's too expensive, and at the same time they prefer to buy some shitcoin... Usually there are two reasons behind this type of behavior: psychologically they prefer to buy some million of some shitcoin instead of 0.05 bitcoin, for example; and also they think, or hope, that the shitcoin will do XXX%, something that bitcoin of course can't do anymore. 
As long as I know, the developer (s) of Bitcoin is known as "Satoshi Nakamoto" best known by its first name "Satoshi".
So much I believe there are categorical levels of members and Bitcoin investors in this platform whom are not enlightened about this "Satoshi's coin" .
I guess its been wondereous on why would Satoshi who is a founder of Bitcoin have a different Crypto coin or the whole complications between "Satoshi Nakamoto the developer of Bitcoin, the "Satoshi's coin" and what "Satoshi" itself could mean.
Personally to me, I feel dealing with Satoshi's is as dealing with Bitcoin and we I know, the value and the potentials of Bitcoin would remain unbearable in the crypto space.
So much I believe there are categorical levels of members and Bitcoin investors in this platform whom are not enlightened about this "Satoshi's coin" .
I guess its been wondereous on why would Satoshi who is a founder of Bitcoin have a different Crypto coin or the whole complications between "Satoshi Nakamoto the developer of Bitcoin, the "Satoshi's coin" and what "Satoshi" itself could mean.
Personally to me, I feel dealing with Satoshi's is as dealing with Bitcoin and we I know, the value and the potentials of Bitcoin would remain unbearable in the crypto space.
Many people especially those new to Bitcoin think it's too costly to buy a whole coin. But they can actually buy smaller parts of it. However, since Satoshi is a part of Bitcoin you can buy some Sats. Since a Bitcoin is about some million Satoshis, which can be affordable.
What concerns me is that the people who complain about not being able to buy or invest in Bitcoin might also hesitate to buy Satoshis. They seem committed toward regrets and wishes, and they tend to procrastinate.
What concerns me is that the people who complain about not being able to buy or invest in Bitcoin might also hesitate to buy Satoshis. They seem committed toward regrets and wishes, and they tend to procrastinate.
a good idea for people who want to invest in bitcoin, but they see bitcoin as too expensive. Apart from that, this might be a pretty good mindset for people who want to invest in crypto, especially people who are new to the world of investment.
Many people think that the money they have to buy 1 bitcoin, and refuse to buy bitcoin with a bitcoin value below that. However, by viewing these investments as satoshis, management for bitcoin investments may be easier to carry out. In essence, it all depends on patience and how to manage the investments we have.
Many people think that the money they have to buy 1 bitcoin, and refuse to buy bitcoin with a bitcoin value below that. However, by viewing these investments as satoshis, management for bitcoin investments may be easier to carry out. In essence, it all depends on patience and how to manage the investments we have.
People who complain about the high value of Bitcoin are forgetting that it is not a necessity to buy one single unit; they can buy fractions of Bitcoin and hold them; the value remains there; buying at least one Bitcoin requires a huge amount of money that so many people cannot afford. That is why you can buy your Bitcoin with any amount of money you have and keep it.
Satoshi is an alternative, just as the OP explained. If you completely understand the overall idea behind Bitcoin, you can invest in it today since its value is low, but keep in mind that the price movement works hand in hand with the Bitcoin price. If you feel Bitcoin is expensive for you, then buy satoshi and hold it. You will profit from holding it because it is the same as holding some fraction of Bitcoin.
When Bitcoin was introduced in 2009, no one expected the price to go this far in such a short period of time, and early investors were lucky to benefit from it. Therefore, anything can happen in the near future because we never can tell how far the Bitcoin price will go in this next anticipated halving. The price can be surprising and will give more hope to people who are holding Bitcoin as well as satoshi.
Satoshi is an alternative, just as the OP explained. If you completely understand the overall idea behind Bitcoin, you can invest in it today since its value is low, but keep in mind that the price movement works hand in hand with the Bitcoin price. If you feel Bitcoin is expensive for you, then buy satoshi and hold it. You will profit from holding it because it is the same as holding some fraction of Bitcoin.
But the question is, how much will Bitcoin be when what you say happens? Could the price of Bitcoin be in the millions? because if we just think about it for 14 years, each bitcoin has been around 36–37 000 now, or, let's say, 100k, so how many more decades will we have to wait to experience what you are talking about? Although saving is really good, that's true. The real question is, are we still alive?
Everything is possible with time and patience.When Bitcoin was introduced in 2009, no one expected the price to go this far in such a short period of time, and early investors were lucky to benefit from it. Therefore, anything can happen in the near future because we never can tell how far the Bitcoin price will go in this next anticipated halving. The price can be surprising and will give more hope to people who are holding Bitcoin as well as satoshi.
The problem with those people is that when they've heard about the price and say that it's expensive,it's because they didn't do any research that you can buy in fractions or satoshis so they end up saying that to other people that unfortunately asks them about bitcoin which in turn discourages those people that would've been eager to invest in bitcoin if they only knew better but that's misinformation for you, there's no way that we can eradicate that all at once so small steps and make sure that we contribute to the information drive that seeks to properly educate people on bitcoin.
That's why I have stated above that those kinds of people should understand that they can be able to buy in a small amount of money. Meaning, that someone should explain, or those people should do their own research to fully understand how they were able to invest and understand why they should consider investing in Bitcoin. Every information needed regarding Bitcoin is all over the internet. If ever they heard it from somewhere or from someone they know, they would eventually do their own research due to their curiosity.
It is just as easy as saying it is not necessary to buy bitcoin if you do not have enough money to, becuase you can buy less than 1 bitcoin. Satoshi is the smallest unit of bitcoin but I do not think saying investing in satoshi is correct, it is still investing in bitcoin but people can buy less than 1 bitcoin.
And as high as it sounds even though it is possible we can buy fractional coins (Satoshis). but the direction is OP perhaps in terms of flexibility and easy to carry out transactions and sell small parts of the investment only when needed even though we know the long-term results are still unknown with large BTC holdings but that also determines handsome profits if held long term.
I get what you're trying to say, and I would ride on this idea if not for the fact that it would literally take them years for these satoshis to even become worth more than a hotdog bun. Yes, satoshis are cheap and they definitely make it easier to digest just how large a bitcoin's value is, especially for those without the capital to boot, but for crying out loud man Satoshis are worth virtually nothing on their own right now, you're literally making them buy crypto on the most basic level that even if they did buy bitcoin this way, they still wouldn't be able to reap benefits due to how laughably low their entry is.
What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.
Well, not everyone has the money or can afford to buy some Bitcoin that you can consider "worth" or worth of a hotdog bun. What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.
OP is just trying to say that there's no excuse for buying Bitcoin if your concern is "Bitcoin is too expensive now".
So for me, I agree with OP. It's always good to buy Bitcoin even how much you can still own some.
Switching from Bitcoin to satoshis? Interesting idea. We zoom in from the big picture to enjoy the intricacies. You're right about satoshis' potential value; it's like finding treasures in a vast digital environment. Only 100 million satoshis per Bitcoin, with a finite supply? Scarcity matters. The digital equivalent of gold dust
Yes, lost Bitcoins and satoshis add to this scarce issue. Like a treasure hunt, some valuables are perpetually out of reach, increasing their worth. Your investing view is correct. Buy satoshis to get a piece of the future digital economy. Not simply affordability, but identifying promise in Bitcoin's smallest units. It's a savvy move for those who missed the Bitcoin train early on.
In the near future, attention is going to shift from Bitcoin and to focus on sotashi as the major market quantification for Bitcoin, since at that point, a whole unit of Bitcoin will become too expensive and out of reach which will result in having to rely only on bits as the only cumulative variable for investors, most especially the small bag investors. Yes, lost Bitcoins and satoshis add to this scarce issue. Like a treasure hunt, some valuables are perpetually out of reach, increasing their worth. Your investing view is correct. Buy satoshis to get a piece of the future digital economy. Not simply affordability, but identifying promise in Bitcoin's smallest units. It's a savvy move for those who missed the Bitcoin train early on.
A lot is going to happen in the market in the coming days and years and if anyone is lucky enough to have been able to hold their Bitcoin till that period, then at that point you can say that I believe you did well by holding to the top which is something that not many Bitcoin investors will have the courage to do.
I get what you're trying to say, and I would ride on this idea if not for the fact that it would literally take them years for these satoshis to even become worth more than a hotdog bun. Yes, satoshis are cheap and they definitely make it easier to digest just how large a bitcoin's value is, especially for those without the capital to boot, but for crying out loud man Satoshis are worth virtually nothing on their own right now, you're literally making them buy crypto on the most basic level that even if they did buy bitcoin this way, they still wouldn't be able to reap benefits due to how laughably low their entry is.
What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.
What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.
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Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
Satoshi is mostly and more often referred to as the very smallest fraction of Bitcoin, like Bitcoin less worth $0.1 below. I really don't think that the fraction of Bitcoin that is above $50 should still be referred to as Satoshi. Although it could be counted as Satoshi, at least that value is more significant than 10 or 15 Satoshi. Don't get me wrong; I am not saying your advice is wrong. Yeah, Bitcoin is a very divisible asset that one can invest in for as little as $5. The person doesn't even necessarily need to invest up to $300 at once because some of them don't have that amount to invest, but they can invest as little as $5–$10 at once and keep holding while they accumulate more. I also used to tell anyone who ever said that Bitcoin was too expensive to invest any small amount they could afford at that moment.
There are around 19+ million BTC that have been mined/circulating so far, however, there are only 13+ million currently available. Where do these 6 million Bitcoins go? There are different reasons, for example, some people lose access to their coins due to lost keys, being incorrectly sent to an incorrect address, or other reasons. Due to these reasons, the access to those Bitcoins is lost, and no other way to recover.
Oh!
Thanks a lot. How stupid of me.
I was actually thinking the coins are somehow misplaced on the network and they disappear, that's why I was wondering how that is possible.
Thanks.
If you missed buying bitcoin in its early days and feel bitcoin have become too expensive, then you have the opportunity again to invest in satoshi, treat satoshi as a bitcoin side project, for in the near future, 1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin, and a total/max supply of 2.1 quadrillion satoshis off the total supply of bitcoin which is 21 million (disregarding that around 6 million bitcoins is estimated to be lost, which also means that the satoshis equivalent to this amount of bitcoins are also lost)
Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
If dollar-millionaires were valued in the past, satoshi-millionaires will be valued in the future.Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today
Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)
Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.
This is what I always say to anyone who said that BTC is too expensive for them (depends on country) and didn't think that to have 1 BTC by buying is possible even though it will take some time where they don't have to buy 1 BTC instead they can buy Satoshi little by little until the accumulated Satoshi is enough to have 1 BTC. When I want to have 1 BTC then that's what I am going to do which is to buy little by little until I stop buying more Satoshi. Newbies and those people who doesn't know should check this thread for reminder.
By the way, it doesn’t matter what exactly you accumulate, in satoshi or in bitcoin. For ease of perception, you can use so and so. What matters is that every dollar (or other currency) you invest will pay dividends. x10, x100 and so on. Bitcoin, satoshi or dollar (or other currency), in general, it doesn’t matter, what’s important is the internal value. That is, how many of these or other goods or services you can buy per unit of this or that currency. Jump to: