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Author Topic: Does having 0.001 BTC it's worthless?  (Read 404 times)
Maddd Cuan (OP)
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March 04, 2021, 07:46:39 AM
 #1

Please don't be offended. I do big respect for those creator collectibles with 0.001 or any. You are make the community keep standing.
Follows the days transactions of fee increased, does saving Bitcoin on Chip 0.001 or Coin 0.001 are being worthless in future?
My things are came from How way you choose way to saving Bitcoin ?
Or may be you have other things ? Let me know if you want to share.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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March 04, 2021, 02:11:22 PM
 #2

I wouldn't say worthless. Sure, if you're sweeping those 0.001 on a bad day it could end up costing you between 5-10 percent in fees. Makes less sense to do so, and why would you even do that and ruin the value of the collectible.

I buy lower denominated collectibles only as novelty and just because I like collecting all sorts of stuff. They're also a great way to introduce others to Bitcoin and collectibles. Like I would never gift a friend/family a 1 BTC Cas or 0.1 BTC Lealana, but I would gladly gift them a 0.001BTC AlpenCoin or Polymerbit to introduce them to Bitcoin.

I don't plan on sweeping any of my collectibles ever and if it ever comes to the point that Bitcoin is worth so much that I wanna redeem, I will start with higher denominated ones and maybe sell the smaller denominated items to other collectors.

Just what I think. Others might have different opinion on this.
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March 04, 2021, 02:37:15 PM
 #3

I wouldn't say worthless. Sure, if you're sweeping those 0.001 on a bad day it could end up costing you between 5-10 percent in fees. Makes less sense to do so, and why would you even do that and ruin the value of the collectible.

I buy lower denominated collectibles only as novelty and just because I like collecting all sorts of stuff. They're also a great way to introduce others to Bitcoin and collectibles. Like I would never gift a friend/family a 1 BTC Cas or 0.1 BTC Lealana, but I would gladly gift them a 0.001BTC AlpenCoin or Polymerbit to introduce them to Bitcoin.

I don't plan on sweeping any of my collectibles ever and if it ever comes to the point that Bitcoin is worth so much that I wanna redeem, I will start with higher denominated ones and maybe sell the smaller denominated items to other collectors.

Just what I think. Others might have different opinion on this.

+ In 8 years, I'd much rather handle/sell/trade/mail (10) individual 0.001 BTC coins than (1) 0.01 BTC. But that's just me.

At one point in time, I'm sure somebody thought a 1 BTC cas was worthless.

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March 04, 2021, 04:19:51 PM
 #4

If BTC goes to the moon like we all hope, and the 1 million mark is ever reached...I'll be happy with my 1k loaded collectible coins/chips  Tongue

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March 04, 2021, 04:43:47 PM
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 #5

Haha. I remember believing the same thing in 2011. 100 bitcoins are worthless and too difficult to deal with. From my own experience I grant you this wisdom, abandon the thought that .001 BTC is worthless. When all the banks in the world begin to scramble to have a position in BTC .001 will not be insignificant, and that is not counting the collectible premium. Right now, in this very moment without all the grandiose predictions of the future, I've seen Satori chips sold for $400+. The .001 creates a compounding interest effect on the collectible.  

The reason that I am so high on the physical bitcoin hobby right now is because it is trading items that do not just have a value based on demand, but there is an actual store of funds in it, it is often a wallet, it is an artifact of a development that will change how everyone on the planet banks and maintains their own wealth. The .001 coin is the cornerstone to this whole new collectible right now. Today 1, .1 or .01 btc coins are a little much for most people that are not ardent collectors, but the curious public buys these items for less than $100.

I think in 24 months we can repost a thread like this and ask if 0.0001 coins are worthless.


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March 04, 2021, 05:06:56 PM
 #6

In a few years the .001 physicals will be the most popular as they will be all the nocoiners will be able to afford. Just my 2 sats

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March 04, 2021, 05:48:53 PM
 #7

does saving Bitcoin on Chip 0.001 or Coin 0.001 are being worthless in future?

When Bitcoin price stabilizes (no big fluctuations for more days in row), the mempool tends to free up and the tx fees also tend to decrease.
If you have the patience to HODL it, you'll also have the patience to cash in if you want.
Also as collectible you may sell it some day (preferably not in the next 5 years) as a whole and the buyer will have to handle the tx fee or whatever means of payment you guys will be using.

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March 04, 2021, 11:18:45 PM
 #8

It's important to understand how building a transition works, why coin management is essential in your wallet, and what you can do to reduce future fees.  Using payout thresholds and merging coins with transactions during periods of low network activity are a couple good ways to keep yourself from having worthless coins in your wallet.  The best thing you can do though is educate yourself so you don't have any surprises in the future with transaction fees and you might even find yourself modifying your transaction behavior once you have a full understanding of how Bitcoin fees and transactions work.

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March 06, 2021, 11:03:31 AM
 #9

Btc had it's spikes but it's fairly cheap to move, it's eth that's fucked.

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March 07, 2021, 12:16:38 AM
 #10

satori txin -> txout, low fees
txout as input -> CPFP bundled tx, higher fee compensation
This is one avenue when I approach many denominated coin outputs. Smiley

Alternatively, you could look for some parasitic transaction chain/sequence where you can use a platform that cycles through coins (unconf. inputs) often. Fees are not that big of a deal just yet.

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March 07, 2021, 12:52:58 AM
 #11

I'm not so sure that the banks will have a whole lot to do with it in the future. After all,  digital Cryptocurrency's is doing to the Banks, what email did to the U.S. Post office. That's the nature of technology. Heck, they're saying that in a few years,  HALF the cars on the roads in America will be Electric. I know for a fact that Bezos & Elon Musk both have spent BILLIONS on energy sources for that....the world advances. If we see negative interest rates, which means YOU will pay the bank to hold your money, just how long do you think that will go over with the people? Be a banker for yourself and your Family. Smiley

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March 08, 2021, 12:19:38 AM
 #12

I like the size. After all the owned assumes counter party risk that essentially someone else has access to the private key for the bitcoin. 0.001 is a *token* amount!
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March 08, 2021, 04:33:06 AM
 #13

You never know...

https://cointelegraph.com/news/want-to-be-rich-bitcoin-s-limited-supply-cap-means-you-only-need-0-01-btc
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