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.
Topic: Is Bitcoin really too Expensive? Then Buy Satoshis - page 3. (Read 545 times)
legendary
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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.
Also to read that 1 Satoshi reaching as high as $0.2 still baffles me. This means that almost everyone will be a billionaire in USD simply for owning Bitcoin. While some top holders might have close to a trillion dollars which I don't see as easy as thought.By then, since 1 BTC = 100,000,000 Sats, Bitcoin would have been around $20,000,000 itself. How feasible is this in the next 100 years for the person to even witness it?
Somebody I think have done this calculation and said that for 1 satoshi to reach 20 cents, 1 bitcoin will have to worth around $2 million dollars, not 20 million, I am not actually very sure since I've not sat down to properly calculate this, but then, let's come down a bit.
Lets say someone buys alot of satoshi at its current price of $0.000366, and sell them at 1 or 2 cents (which is very possible before the next 10, 15 to 20 years to be very conservative) that's still a good amount of money.
And yes, those holding bitcoins are sure goin to become Billionaires and trillionaires in fiat, in the coming future, bitcoin will reach 1 million dollars and above in coming years - save this post somewhere and remember I told you when it happens.
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.
You are wrong, investing in Bitcoin or Satoshi doesn't matter, and both of them still have their measure in true fiat value. If @Fivestar4everMVP is wrong, why is it that Bitcoin fees are being charged in Satoshi, they should have made everything in Bitcoin. The smallest unit of Bitcoin is in Satoshi which is what he's trying to say and encouraging those who do not have their big money ready to consider getting lots of this simplest unit instead of missing out entirely.However, it's practical that no one would be able to invest just 1 sat, you need a sizable number of it, and it's not worth it since the fee and wallet should be considered.
Also to read that 1 Satoshi reaching as high as $0.2 still baffles me. This means that almost everyone will be a billionaire in USD simply for owning Bitcoin. While some top holders might have close to a trillion dollars which I don't see as easy as thought.
By then, since 1 BTC = 100,000,000 Sats, Bitcoin would have been around $20,000,000 itself. How feasible is this in the next 100 years for the person to even witness it?
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
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)
I've seen this before and I do not understand it, so I'm going to use this opportunity to ask. How does Bitcoin get lost from the system? I can understand when it's the fiat cash flow and all, but when it's Bitcoin, how does about 6 million Bitcoins disappear from the system?
When we search through the bitcoin blockchain, we will always find this bitcoins sitting in their respective wallets, but the thing is that their owners no longer have access to them, so, they are lost so to say.
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)
I've seen this before and I do not understand it, so I'm going to use this opportunity to ask. How does Bitcoin get lost from the system? I can understand when it's the fiat cash flow and all, but when it's Bitcoin, how does about 6 million Bitcoins disappear from the system?
This is why it is advisable to get an income before looking for ways to invest. You can't invest if you don't have money. If you do not have money to buy Bitcoin and you're worried about missing out on Bitcoin then you're worrying about the wrong thing to me. It's good that you have a mind and urge to invest, but fear of missing out shouldn't be your motivation.
Focus on getting an income, it is from that income that you can use to buy Bitcoin or Satoshis
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)
I've seen this before and I do not understand it, so I'm going to use this opportunity to ask. How does Bitcoin get lost from the system? I can understand when it's the fiat cash flow and all, but when it's Bitcoin, how does about 6 million Bitcoins disappear from the system?
Focus on getting an income, it is from that income that you can use to buy Bitcoin or Satoshis
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)
I've seen this before and I do not understand it, so I'm going to use this opportunity to ask. How does Bitcoin get lost from the system? I can understand when it's the fiat cash flow and all, but when it's Bitcoin, how does about 6 million Bitcoins disappear from the system?
This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.
Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
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.Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
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.
Is Satoshis really too Expensive? Then Buy MiliSatoshis. 
https://coinmarketcap.com/currencies/satoshis-vision/
https://coinmarketcap.com/currencies/babysatoshi/
this can be extremely confusing for beginners
Maybe, moreover there are two shitcoins use "SATS" thicker and they also use "Satoshi" name. Some people might confuse with mBTC which worth of 100,000 Satoshis.https://coinmarketcap.com/currencies/satoshis-vision/
https://coinmarketcap.com/currencies/babysatoshi/
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.
People spend money on things like cigarettes, junk, and other unnecessary expenses. Such funds can be channeled to buying satoshis as OP has stated. But we shouldn't expect these purchases to bring high profit within a short period. It should just be seen as a means of saving money because the profit will not be as big as someone who used a lump sum with more funds. Don’t get me wrong but this is certainly a huge wish which might be almost impossible in the near future. One satoshi equaling a dollar means that one bitcoin will be $100,000,000 which is such a higher number that even if the mining stops and bitcoin becomes scarce will be rare to have it at that price.
We cannot predict the future so we cannot say it is impossible. Maybe this could be a good way of saving money for your children. Even if the price doesn't get to the price in our lifetime, our children might be lucky to enjoy the benefits in the future. 
1BTC is a very big amount for one to purchase, if I have the means of owning 1BTC now, I would have improve my means of livelihood before investing the rest into BTC. People finances varies and we are really proud that a smaller unit of bitcoin like satoshi exists which has broken the barrier and limit to the type of people that can afford bitcoin. I am not sure but with the amount that 1 satoshi worths now, even the least 10% of the total population of people that are poor can still afford some of this. So satoshi was a good idea too and has helped more people like us who can’t afford 1BTC own some of it and be part of the bitcoin market.
With the price of Bitcoin now having reached $36k and could rise even higher, it makes it difficult for many people to buy 1 BTC. They can buy Bitcoin by adjusting the amount of money. And it's true what @OP said that we have to focus on collecting satoshis.
That's why, with the DCA method, they can collect more satoshis. With this method, people can also buy regularly so they can have a lot of satoshis. By using that way, they could end up owning 1 BTC. As long as the price of Bitcoin still hasn't risen very high, they can still collect a lot of satoshis using the DCA method.
If they can regularly use some of their money to buy Bitcoin, they can collect a lot of satoshis. In the future, not many people will be able to buy 1 BTC in full but they can still buy satoshis as fractions of Bitcoin. That's the focus of people now so they can own Bitcoin.
That's why, with the DCA method, they can collect more satoshis. With this method, people can also buy regularly so they can have a lot of satoshis. By using that way, they could end up owning 1 BTC. As long as the price of Bitcoin still hasn't risen very high, they can still collect a lot of satoshis using the DCA method.
If they can regularly use some of their money to buy Bitcoin, they can collect a lot of satoshis. In the future, not many people will be able to buy 1 BTC in full but they can still buy satoshis as fractions of Bitcoin. That's the focus of people now so they can own Bitcoin.
If Bitcoin is too expensive then you should have bought sooner! 
Furthermore I would argue that the topic title should be: "Not enough money for Bitcoin? Then buy Satoshis." Because the value of both Bitcoin and Satoshi scale, so you are buying BTC at the same Satoshi price as you would be at buying Satoshis. If you consider Bitcoin has a too high price-tag then so do the Satoshi.
Although I would also argue that Bitcoin under 100k is not expensive.
You can't say that many investors in bitcoin are late in buying it when it's affordable. That's why, even without buying the whole bitcoin, an investor could still earn. Bitcoin is just the whole thing; satoshi is the small fraction of bitcoin; it's like a cent to a dollar, so you brought a fraction of bitcoin, which is called satoshi, but of course, in exchange, it will only reflect bitcoin. So anyone who wants to invest in bitcoin can still do so; it is not too late. The most efficient way to earn through bitcoin is by trading, but if they can't do as much complex trading, holding a fraction of bitcoin could be profitable. I also do holding or trading, so I realise that it's still not too late. Theres still an opportunity and chance to ride if bitcoin will bullrun; you just have to have patience and wait for it, and of course, grab the opportunity and risk. Furthermore I would argue that the topic title should be: "Not enough money for Bitcoin? Then buy Satoshis." Because the value of both Bitcoin and Satoshi scale, so you are buying BTC at the same Satoshi price as you would be at buying Satoshis. If you consider Bitcoin has a too high price-tag then so do the Satoshi.
Although I would also argue that Bitcoin under 100k is not expensive.
this can be extremely confusing for beginners
satoshi is NOT an altcoin it’s just basically btc but a smaller fraction of it think of it as a conversion factor with different units like 2.54 cm = 1 inch in this case 100 million satoshi = 1 btc
what op is saying that you should invest in bitcoin no matter how much money you have right now because you don’t need to buy exactly 1 btc there’s no minimum amount of money you can invest in btc you can buy more and more later on
satoshi is NOT an altcoin it’s just basically btc but a smaller fraction of it think of it as a conversion factor with different units like 2.54 cm = 1 inch in this case 100 million satoshi = 1 btc
what op is saying that you should invest in bitcoin no matter how much money you have right now because you don’t need to buy exactly 1 btc there’s no minimum amount of money you can invest in btc you can buy more and more later on
My dream or goal is to get 1 BTC, but it has become very difficult given the current prices and of course it will become more and more difficult as time progresses, so perhaps I will be content with getting Satoshi.
People who are not able to own 1 BTC should accumulate as much satoshi as possible so that they can accumulate a good amount and keep it in the long term, and thus its value will inevitably become very large over time.
As we mentioned many times in previous topics, following the DCA strategy is best at the present time, before the big rally begins.
People who are not able to own 1 BTC should accumulate as much satoshi as possible so that they can accumulate a good amount and keep it in the long term, and thus its value will inevitably become very large over time.
As we mentioned many times in previous topics, following the DCA strategy is best at the present time, before the big rally begins.
This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.
Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
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. Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.
Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.
Whenever anyone asks me how they can get started and I recommend them to buy Bitcoin, they immediately hesitate and say it's too high. My response has always been that Bitcoin is available in a smaller denomination. Anybody that is serious wouldn't mind since those satoshis can get compounded to 1 BTC one day.
Although I would also argue that Bitcoin under 100k is not expensive.
Not everyone would be able to buy $100K bitcoin or a $1M Bitcoin.
Although I would also argue that Bitcoin under 100k is not expensive.
Not everyone would be able to buy $100K bitcoin or a $1M Bitcoin.
Well, of course that is true for the purchase of 1 BTC But not what I meant. Luckily we can break Bitcoin up into smaller parts and still call it Bitcoin, but it can become confusing whether we mean a whole Bitcoin or just Bitcoin in general. In my own case I meant it in general.
And I think that everyone here would agree with me that 100k for a Bitcoin is a steal, when considering its future potential.
I think this isn't what many mean when they comment that Bitcoin is already expensive. Bitcoin is indeed much more expensive these days compared to a decade ago. Wouldn't you agree?
...
Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.
...
Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.
Yes, the fact is that buying whole Bitcoins has been out of reach for most mortals for years. And then it makes more sense than ever to buy fractions of Bitcoin or satoshis, but I do not know if the example he gives of 1 satoshi can not lead to confusion because it is dust, actually. The point is to buy the fractions of Bitcoin that one can afford, as for example today $100 is approximately 0.0027 Bitcoin.
I think this isn't what many mean when they comment that Bitcoin is already expensive. Bitcoin is indeed much more expensive these days compared to a decade ago. Wouldn't you agree?
Bitcoin is much more expensive today than when I first heard of it. That's why I also share this little regret with others when they speak as if they missed the bus already. I too could have bought Bitcoins back then, not just Satoshis.
Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.
Bitcoin is much more expensive today than when I first heard of it. That's why I also share this little regret with others when they speak as if they missed the bus already. I too could have bought Bitcoins back then, not just Satoshis.
Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.
Whenever anyone asks me how they can get started and I recommend them to buy Bitcoin, they immediately hesitate and say it's too high. My response has always been that Bitcoin is available in a smaller denomination. Anybody that is serious wouldn't mind since those satoshis can get compounded to 1 BTC one day.
Although I would also argue that Bitcoin under 100k is not expensive.
Not everyone would be able to buy $100K bitcoin or a $1M Bitcoin.
Although I would also argue that Bitcoin under 100k is not expensive.
Not everyone would be able to buy $100K bitcoin or a $1M Bitcoin.
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