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Author Topic: advantages of trading satoshis instead of whole bitcoins  (Read 546 times)
ralle14
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September 01, 2017, 11:03:29 AM
 #21

what do you think, does this make sense?
I know some websites are already using mbtc or would let you change the unit if you want to. To me it really does help people who only have a small amount of bitcoin because we only have to press 1 instead of putting 0.001 and on gambling sites I always hear a lot of accidents like what machanto said putting more or less zeroes.

Buying/selling something with such numbers is also a nightmare. I don't want to count 0's if I want to buy a cinema ticket. If the price of bitcoins keep increasing, this will get even worse. Some applications and shops are already starting to use mBTC and other units, but it's different everywhere.

we need some standardization and a lot of education.
Don't forget that fees would also start increasing if price keep on rising. You might want to think twice before spending it on anything.

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September 01, 2017, 11:27:11 AM
 #22

The high bitcoin price seems to be an obstacle for people who want to invest in it. Some may think, buying only a fraction of a bitcoin makes no sense. what should they do with less then 1 bitcoin?

Why not start listening and trading satoshis on exchanges? People who can not afford an whole bitcoin can buy thousands of satoshis. Of course, that has the same value and everything, but some folks it may help to feel better. I think this would help to become bitcoin more mainstream.

Google did something similar with their stocks. The primary google stock become to expensive, so they started a cheaper one.

what do you think, does this make sense?
Because all of the altcoin just use the satoshi to be the main trade, I mean there is no altcoin wroth equal with 1 bitcoin for each altcoin. That's why a lot of people are trading use satoshi as the main pegged rather than bitcoin.


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September 01, 2017, 02:55:27 PM
 #23

The high bitcoin price seems to be an obstacle for people who want to invest in it. Some may think, buying only a fraction of a bitcoin makes no sense. what should they do with less then 1 bitcoin?

Why not start listening and trading satoshis on exchanges? People who can not afford an whole bitcoin can buy thousands of satoshis. Of course, that has the same value and everything, but some folks it may help to feel better. I think this would help to become bitcoin more mainstream.

Google did something similar with their stocks. The primary google stock become to expensive, so they started a cheaper one.

what do you think, does this make sense?

I think its better to start from satoshis first if we are new with trading because it is makes us to learn to analyze the market beside that, we can learn step by step. the most important is if we are lose, we are not lose in big amount and we still have another satoshis to buy other coins and not just trading bitcoin pair usdt.
It is always better to start with small amount in business if you are a newbie. The logic is about to make things learn and get experience. If you loss more in start how could you make investment again. Using Satoshi is better approach of work and make things run in a line. Minimizing risk must be the very first step for ensuring success with any business. So, instead of risking big amount in bitcoins, it is always recommended to start with small amounts.



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September 02, 2017, 03:08:25 PM
 #24

Well first of all, not all of us are fortunar enough to even hold 1 btc. So most of the time, yeah i trade satoshis. Honestly i haven't tried or i haven't had the capability to trade bitcoins lol

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September 08, 2017, 01:43:11 AM
 #25

yes of course if you see a very high bitcoin price certainly not everyone can invest by buying bitcoin directly, but can buy currency smaller than bitcoin like satoshi, or other coins, yes it makes more sense than you impose to buy bitcoin directly.

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September 08, 2017, 02:52:01 AM
 #26

The high bitcoin price seems to be an obstacle for people who want to invest in it. Some may think, buying only a fraction of a bitcoin makes no sense. what should they do with less then 1 bitcoin?

Why not start listening and trading satoshis on exchanges? People who can not afford an whole bitcoin can buy thousands of satoshis. Of course, that has the same value and everything, but some folks it may help to feel better. I think this would help to become bitcoin more mainstream.

Google did something similar with their stocks. The primary google stock become to expensive, so they started a cheaper one.

what do you think, does this make sense?

There is a huge disadvantage in trading in satoshis, it will take most of your time selling and buying in satoshi, unlike if you buy them in whole bitcoin.  Aside from that fee is the same anyway.  People can chose to buy part of bitcoin, your Idea is already been used in practice.  Most who cannot afford to buy a whole of bitcoin buy part of it.  there is no rule in exchange to buya whole of Bitcoin.

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