Topic: What Does Sats Mean in Trading? (Read 125 times)
It seems you are quite new to trading cryptocurrency. The phrase you mentioned above means the smallest fraction of bitcoin, which is called Satoshi, and in abbreviated form " Sat"
What I mean is trading Altcoins. And thanks guys I get it now, sats is the short form for Satoshi.
if u are in bitcoin currency then mean sats is satoshi
that sats mean smallest unit of the bitcoin currency recorded on the block chain
0.00000001 BTC its called 1 sats
that sats mean smallest unit of the bitcoin currency recorded on the block chain
0.00000001 BTC its called 1 sats
if the trade goes to bitcoin, then this is a change in the price in relation to bitcoin, since the minimum value of bitcoin is Satoshi
Yes, if an altcoin moves "100 Sats" up, it should mean that now it is 100 Satoshis more expensive. Rather than all the time comparing the price in USD, I suggest to you to start calculating the price in Satoshi units. It's easy to get used to, and much easier to use.
Just as the Subject says, Cos I have come across may cryptocurrency
traders made mention of the subject for example it moves "100 Sats, 50 Sats" etc.
either in their YouTube, blog or forum post, but not very clear what it means.
Or is it just as it is in Forex where we hear it moves for example "100 PIPs".
please can anyone shade more light on this.
Then if SATs in cryptocurrency is just like PIPs in Forex how can one determine
how many SATS a trade has move.
Thanks in advance
traders made mention of the subject for example it moves "100 Sats, 50 Sats" etc.
either in their YouTube, blog or forum post, but not very clear what it means.
Or is it just as it is in Forex where we hear it moves for example "100 PIPs".
please can anyone shade more light on this.
Then if SATs in cryptocurrency is just like PIPs in Forex how can one determine
how many SATS a trade has move.
Thanks in advance
If you're talking about Altcoin trading for Bitcoin, it refers to the Satoshi which the smallest denomination of a Bitcoin and is equal to 1/100,000,000 of a Bitcoin.
Just as the Subject says, Cos I have come across may cryptocurrency
traders made mention of the subject for example it moves "100 Sats, 50 Sats" etc.
either in their YouTube, blog or forum post, but not very clear what it means.
Or is it just as it is in Forex where we hear it moves for example "100 PIPs".
please can anyone shade more light on this.
Then if SATs in cryptocurrency is just like PIPs in Forex how can one determine
how many SATS a trade has move.
Thanks in advance
traders made mention of the subject for example it moves "100 Sats, 50 Sats" etc.
either in their YouTube, blog or forum post, but not very clear what it means.
Or is it just as it is in Forex where we hear it moves for example "100 PIPs".
please can anyone shade more light on this.
Then if SATs in cryptocurrency is just like PIPs in Forex how can one determine
how many SATS a trade has move.
Thanks in advance
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