Topic: Is Bitcoin really too Expensive? Then Buy Satoshis (Read 617 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.

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.

When you say there is no way for bitcoin to reach $1 million - then at the same time you are ignoring something that might happen in the future. The market continues to move and the bitcoin economy will get stronger and bigger - so there are many good possibilities waiting for us in the future especially if you feel optimistic about bitcoin.

One 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.

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.
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.

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...

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.

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.

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$.

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.

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.

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.

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.

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 bolded part of my reply should've been sufficed to tell you that research wouldn't happen because most of them are already discouraged from the start meaning that they won't bother doing the research even on their own because what the person has said to them when they asked or was curious about seems to be enough for them. Yes every information on bitcoin is on the Internet but there are bad information out there that are either outdated, inaccurate or not true at all so even if you say that they do their own research, they still can't be sure what they are going to get in all of this, information drive and dissemination is still the best thing that we can do because an information disseminated by the bitcoin community is much better than those sensationalist tech magazine websites.

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.

Well, not everyone has the money or can afford to buy some Bitcoin that you can consider "worth" or worth of a hotdog bun.
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.

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.

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.

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.

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 dollar-millionaires were valued in the past, satoshi-millionaires will be valued in the future.


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.

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.

Lolz, I think you are a bit wrong with your assumptions that bitcoin would have to reach $20,000,000 for 1 satoshi to reach 20 cents, or maybe I am the one wrong.

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. 

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?

It is not that the bitcoins disappear from the system, bitcoin have been built to have a total/max supply of 21 million coins, when all the bitcoins have been successfully mined, we will have around same number of 21 million coins in circulation, but amongst this 21 millions  coins, there are those who their owners have lost access to because they lost the private keys or seed phrases to the wallet holding the bitcoins, this are the bitcoins that are counted as lost, not that the bitcoin have to vanish completely from the bitcoin system or blockchain, no.

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.

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.

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


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?

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.

Is Satoshis really too Expensive? Then Buy MiliSatoshis.

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/

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.

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.

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.

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

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.

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.

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.

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.

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.

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.



Not everyone would be able to buy $100K bitcoin or a $1M  Bitcoin.

It's good that you say this; bitcoin's value is high at the moment, and maybe for most people it's too expensive if you really buy a bitcoin. Now, there's nothing wrong with saving it if it's really long-term; we will talk.

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?

This a nice recommendation but even in this moment bitcoin is not too cost for people to buy though depends in the country you dwell in.  And if anyone want to buy it can buy it from unit which can be 0.0003 which can be equivalent to $10 and as the op said, if anyone is interested to invest in bitcoin but thinking that the price is too high then as the op said he can purchase satoshi but my consideration of satoshi right now is very low and it take yes to rise for people to massively use it. But if the investors will be patient enough for like 8 to 10 years to come for them to start using their satoshi investment then, it is a good idea of investing in satoshi but what about the transaction for then because bitcoin uses satoshi to pay for it transaction so if satoshi goes up then means the transaction bitcoin will be something else.

they will understand this concept sooner or later. satoshi or btc itself, either term, they will know the difference real fast. but bottomline, the idea here is just buy small parts of btc that you think you can afford. but of course it depends on the minimum order that an exchange is allowing their traders. also, consider the tx fees if you do need to transfer it to your own wallet. most users will accumulate first their satoshis before transferring it to their wallet because of the high fees incurred in this process.

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 buy Satoshi in the exchange literally because what I have know is that if ever you bought Bitcoin the ticker is always Btc even if your balance is below 1 unit. If the exchange use the ticker Satoshi just because our funds is not worth 1 Bitcoin, it will only gives confusion to our their users.

Knowing what is the relation of Satoshi in Bitcoin is enough. This will make us understand that there is 8 decimal point to become 1 Bitcoin since 100million Satoshi the smallest unit of Bitcoin worth 1 Bitcoin.
 

I wouldn’t call 2,000,000 satoshi or better still 0.02BTC Atleast, what I will say is even if it is $5, someone who has 20mBTC already has much invested into bitcoin most especially if you’re not that rich. And just as you said this is the beauty of having bitcoin in fractional unit.


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.

Satoshi is another version of little amount of bitcoin that can be easily acquired by the people who may be willing to start the accumulation by earning sats little by little and keep accumulating them till it all reach a tangible amount, also holding this could help as well whereby people can decided to make something good out in sat right from how they earn it, most especially the newbies.

Bitcoin wasn't made in such a way that It's compulsory to get 1BTC  or natural numbers (1,2...n) of BTC before you be eligible to get a bitcoin, we have sat and you can start buying even if it's 0.00000001 (which the minimum Sat) , nothing is stopping anyone from getting bitcoin, weather poor or rich bitcoin is available to everyone.
Some have failed to realise this, then later buy altcoins and which they mostly regret in the end. The image below explains everything better.

First for those who don't know what is Satoshi, it's a smallest denomination of Bitcoin and 1 Satoshi = 0.00000001 BTC

Mate, I find this conflicting as it would create even more confusion if you keep referring to Satoshi as something different than Bitcoin as people will think of it as a parallel project of Bitcoin. There is a Stigma which has been attached like you need to hodl atleast 1 BTC to be considered as an investment but we need to understand it's not possible for everyone to have 1 bitcoin and rather they can accumulate how much ever they can based on their financial capacity. Ther figures mentioned for Satoshi to reach $0.2 sounds too overestimated as it would take decades if Crypto era lasts till that time. Instead of segregating Bitcoin and Satoshi let's put it across in simple words.

Using the term satoshi might only bring confusion to beginners. They might be thinking that what's the significance of satoshi when all we are talking here is only bitcoin. Instead, make it clear that we don't have to invest or buy the whole bitcoin if our funds are still insufficient. Just buy a portion of bitcoin on an amount that you can afford to lose, and continue to grow it through doing DCA in your next purchases.

I'd say people understand every piece of advice based on their capability to understand. And I know what you are trying to say here is actually good and valuable, but only limited people will understand the essence of having satoshi when its hard for you to invest or buy the whole amount of bitcoin.

thank you for your new idea, buying bitcoin using the smallest unit of bitcoin is very good, small investors who hope to buy bitcoin will find it easy to buy bitcoin at any time, the smallest unit of bitcoin will not make it difficult for investors to buy bitcoin, because there are many beginners there, are those out there who think that to invest in Bitcoin, they have to buy 1 Bitcoin in full. I once read that there is a prediction that says in the next few decades 1 satoshi will be worth $1, surely that time will come

Nice advice,  because most people miss out on the most important things in life taking it to be too risky for them,  and when it comes to becoming,  the risk of holding is much less than the risk of losing out at some point if one failed to utilize the multiple opportunities to buy some few satoshis because at this point,  what really makes the difference in the amount of time you can afford to wait for your investment to increase since the higher satoshi,  the better but holding a few Satoshi may require you to wait let longer.

But then also,  buying and waiting are the most important sacrifices that any Bitcoin investor will have to pay,  and in doing so also it is very important to look at the entry price of Bitcoin because if you jump on when the market is relatively high,  it won't be easy to wait all through since the high entry price will increase your waiting time so it best to buy always when the price is at discount price.

So ops you did well to have brought up this discussion and this is an eye-opener to many of us who will want to buy more Bitcoin at regular intervals.

At first it actually appeared to be two different coins until you check the image posted. The OP is actually right because soon the discussion might shift from BTC to Sat. However, there is no denying that Sats as a unit of Bitcoin is not widely known as Bitcoin.

I have the feeling that when Bitcoin reaches $1m , sats will become very popular as people will feel more comfortable using whole numbers than decimal.

You have done a good calculation here but did you give a thought on what BTC price 1 Sat will be worth around 0.1 dollars? According to my calculation, which might be wrong but when the price of BTC will touch around $2,722,222.22 or 2.7 million per BTC then 1 sat will be worth 0.1 cent. And for 0,2 cents double the rate.

In my opinion, it's not an easy target and we might not be alive to see BTC achieving this target because halving will end near 2140 and we can\t live that long so we might not see BTC touching 2.7 million so we could make $100k out of it. While we can make $100k out of any other alts if done proper analysis or by doing the job with a good salary.

That's why I prefer everyone to do proper analysis before making any transaction and expecting profits that we might not achieve.

Exactly how how upto 50% of absolute newbies will understand this. I wanted to point this out, good you did. Maybe OP might try to rephrase the paragraph after the image in order not to create the impression that Satoshi is another coin different from bitcoin. See this;
Funny enough, most newbies and even established members doesn't look at the amount of bitcoin they have, they only check the fiat value of the coin.

First, your topic name makes it sound like Satoshi is a different cryptocurrency, in fact, I have gotten personal questions from newbies about this, asking what cryptocurrency is Satoshi. So, I think you could have been more specific there. Anyway, that feeling of having missed out is why many people randomly jump on altcoins. People find it weird that their let’s say $500 will be fractions of a currency so they rather feel it’s better to hodl something that is more numerous. We need to let people know that it’s okay to have these fractions as it equivalent to how much you purchased it with.

Doing the math, this is an increase of over 500%.

This will mean 1 Bitcoin will need to go as high as 19 million USD for 1 satoshi to be worth $0.2. This is not happening in the near future or even in the distant future.
Let us not set unrealistic price targets to make investing more attractive. it is a good hedge against inflation and will give ROI, but will not multiply in value as much as it did ten years ago.

- Jay -

If bitcoin is expensive, the cost of ignorance and not knowing about it, or knowing about it and not investing in it is even greater because then it will be coupled with regrets which also can severely lead to depression. Bitcoin is something that has value and to benefit from something that has value will take some sacrifice and commitment. If you cannot afford to buy bitcoin in figures as we want, we can still use the amount we have to buy some quantity of bitcoin.

Well, it is basically the same thing, I understand what you mean and let me say that I deliberately used the word "invest" to describe buying satoshi because its still the same thing as investing in bitcoin,  if you read in-between the lines, you did understand that I was trying as much as possible to make this very simple and understandable to newbies, this is why I said they should treat satoshi as a bitcoin side project, That, let bitcoin be like the tree and satoshi the branches.

Some may misunderstand and think satoshi is another altcoin that is entirely different from bitcoin, but this is not too much of a thing to worry about as long as its bitcoin satoshi they are buying, and not just any random altcoin out there.

Exactly and very well said, even much more better if in the process of accumulating satoshis, one end up with 1 full bitcoin, what a blessing for who ever this will be. 

Along with what you said, try repeat buying 1,000,000 sats 100x times then it will become 1 whole bitcoin. Maybe it is not possible to buy as a whole but definitely, it is possible to accumulate 1 BTC over time even if you start today. DCA method can be helpful for the retail investors who wants to invest certain amount weekly/monthly over the long period of time.

in the past, it was very easy for people to buy hundreds of Bitcoins, but now it might be quite difficult for them to buy 1 Bitcoin because the price is getting higher due to the increasing adoption of Bitcoin in society

and the same goes for satoshis in the future, maybe now people easily see the value of 1 satoshi at $0.000366, but with the increasing adoption of bitcoin it will increase the value of satoshis, and maybe we will see 1 at $0.0366, who knows? it just takes time for that to happen

so if we have the opportunity to buy 1 satoshi at a price of $0.000366, then take advantage of this opportunity because this is a golden opportunity that we may only experience once in our life

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.

Good advice OP but I think this may also be confusing to newbies and inexperienced people, I think some would not properly understand what you mean and actually think you are talking about two different coins here, for example they may think you impling Bitcoin being expensive and Satoshi may be another preferable altcoin.
For more clarity for those who are seeking to understand Satoshi and other used units in Bitcoin you can check out this table in the thread below.
https://bitcointalksearch.org/topic/did-you-know-bitcoin-table-of-units-5239694

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.

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.



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.