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Topic: You don't have to buy a whole Bitcoin! You can buy partial! - page 3. (Read 25214 times)

legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money
Good.

People who don't even unterstand the basics of bitcoin should probably not invest in the first place.

A large influx of naive investors, who don't get the concepts behind bitcoin and only buy because "the price is going up", could be very damaging at this stage.

They are going to become panic sellers at the slightest sign of trouble, and we are going to see yet another massive crash.

Growth is good but it should be gradual and organic.
hero member
Activity: 826
Merit: 501
in defi we trust
Of  course you don't have to buy a whole Bitcoin , of course you can buy partials , but it's far better to buy a few Bitcoins. Cheesy
full member
Activity: 192
Merit: 100
Hi!
But last time: 0.01= $1
Now= 0.01= $5
newbie
Activity: 19
Merit: 0
Instead of thinking that way, what I was thinking about as this price hit 618 points and the future trends 1000 points for one btc, is the possibility of giving somebody a dime, and watching that seed grow into a mighty dollar.

At this rate even a quarter could make you 5 dollars.

What do you think about that?


i545318
EST

Bitcoin Address:

1F15zSWizxupaknq3GkL7Ahmzu2p7DJyM
member
Activity: 104
Merit: 10
It does just sound like such a basic thing, but I do think its a big issue, and I have had to explain to many, many people that you can indeed buy fractions of bitcoin. The sooner exchanges (and even bitcoinity!) start quoting mBtc as well as Btc prices, the sooner this should help people to stop thinking "OMG $500 per coin, oh well too much for me to get involved now."
hero member
Activity: 528
Merit: 527
You can still buy a million satoshis for about $5 to $6.
hero member
Activity: 553
Merit: 500
When it hits 1000 it will be $1 each Smiley
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
Just let them know that millibitcoins are going for about 50 cents each.  Wink
member
Activity: 84
Merit: 10
The public needs to know this.

More than *three* people have told me recently they "missed out" on the Bitcoin thing because "Bitcoin is $550 now and too expensive".

Nobody realizes they can buy partial coins.

I realize this has been discussed already but I want a thread front and center on the general forum, so that people researching bitcoin see it and internalize it.

I truly believe if the general public doesn't realize they can buy 0.005 BTC and still make a profit, they wont buy at all, and that is going to adversely affect the success of the market.

Right now is when the general public is thinking of hopping on board.

How can we get the word out?

The exchanges must update their websites as soon as possible to make buying BTC in partial amounts a more obvious thing.

Im going to PM Olaf from Coinbase about this right now... i think its severely important for continued purchases.


I heard the same thing a number of times in real life, then I just give them the analogy of a dollar and how it breaks up into cents.
hero member
Activity: 924
Merit: 1001
The public needs to know this.

More than *three* people have told me recently they "missed out" on the Bitcoin thing because "Bitcoin is $550 now and too expensive".

Nobody realizes they can buy partial coins.

I realize this has been discussed already but I want a thread front and center on the general forum, so that people researching bitcoin see it and internalize it.

I truly believe if the general public doesn't realize they can buy 0.005 BTC and still make a profit, they wont buy at all, and that is going to adversely affect the success of the market.

Right now is when the general public is thinking of hopping on board.

How can we get the word out?

The exchanges must update their websites as soon as possible to make buying BTC in partial amounts a more obvious thing.

Im going to PM Olaf from Coinbase about this right now... i think its severely important for continued purchases.
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