Bitcoin vs Sats, what's your take

[Aanuoluwatofunmi]

https://twitter.com/TheBTCTherapist/status/1650832691070218243?t=pvZyZsvb3UpMpA9E5PrFLA&s=19

It's a little bit more interesting on weekends like this to create time in having fun while still discussing about bitcoin, some don't know how to quantify the quantity with rate between 1btc and 100sats and so on, this is all about understanding the conversion rate of bitcoin to sats.

Bitcoin IQ

If you're left with the two options, what will you decide on and why from the image above, 1btc or 100sats doubled each day for a month.

[Zaguru12]

If I actually get your question well, the 100 sats will be added everyday for a month? If it is so then it is 1btc straight away. 1btc= 100 million sats. Accumulating 100 sats each day will only get you 3,000 sats which is just equivalent to 0.00003 btc.

[Cuenta Alternativa]

I'd choose the 100 sats because at the end of the month I would have 107.374.182.400 sats.

That's 1,073.74 BTC and I am counting a 30 day month here.

I'm editing because I'm seeing that the image talks about 1 sat and the OP talks about 100 sats, but even if it was a doubled sat it's worth taking that instead of a bitcoin. If it was just a sat it would be 536870912 sats at the end of the month, so 5.37 BTC.

[Cantsay]

Without doing the math, many people would go for the one bitcoin; one bitcoin is a lot, but after doing the math and discovering that if they go for the 1sats to be doubled every day for 30 days, they'll end up with more than 5 bitcoins, I'm not sure if they'll still go for the one BTC. After all, one month is not a long time to wait, but if we were talking about having to wait ten years before receiving the 30dyas accumulated coin, I might reconsider.

This is both an IQ and patience test.

[Kryptowerk]

I think anyone who made it past 9th grade would hopefully choose the 1073 BTC option over 1 BTC.

Cute little puzzle you created, could be used to introduce kids to power-calculation.

"this is all about understanding the conversion rate of bitcoin to sats." - I disagree, it's mostly about understanding accumulated interest. In this case the interest rate is 100% daily. Pretty decent rate, please recommend that bank to me. 

[passwordnow]

I saw this on a video where they've been asking people what to choose from, a penny or a million then obviously people will choose the million. While in this case, I'll choose that 1 sat and be doubled everyday at the end of the month.

My calculation result is different from the others since I've chosen to rely on the image which is 1 sat but it's almost the same numbers but with just another number which came out to be 1,073,741,824.
While 1 bitcoin = 100M sats then that shows how massive this condition is at the end of the month. So, my calculation goes like this and let's say 1 month = 30 days:

Day 1: 1 x 2 = 2 sats
Day 2: 2 sats x 2 = 4 sats
Day 3: 4 sats x 2 = 8 sats
Day 4: 8 sats x 2 = 16 sats
Day 5: 16 sats x 2 = 32 sats
Day 6: 32 sats x 2 = 64 sats
Day 7: 64 sats x 2 = 128 sats
Day 8: 128 sats x 2 = 256 sats
Day 9: 256 sats x 2 = 512 sats
Day 10: 512 sats x 2 = 1024 sats
Day 11: 1024 sats x 2 = 2048 sats
Day 12: 2048 sats x 2 = 4096 sats
Day 13: 4096 sats x 2 = 8192 sats
Day 14: 8192 sats x 2 = 16384 sats
Day 15: 16384 sats x 2 = 32768 sats
Day 16: 32768 sats x 2 = 65536 sats
Day 17: 65536 sats x 2 = 131072 sats
Day 18: 131072 sats x 2 = 262144 sats
Day 19: 262144 sats x 2 = 524288 sats
Day 20: 524288 sats x 2 = 1048576 sats
Day 21: 1048576 sats x 2 = 2097152 sats
Day 22: 2097152 sats x 2 = 4194304 sats
Day 23: 4194304 sats x 2 = 8388608 sats
Day 24: 8388608 sats x 2 = 1677716 sats
Day 25: 1677716 sats x 2 = 33554432 sats
Day 26: 33554432 sats x 2 = 67108864 sats
Day 27: 67108864 sats x 2 = 134217728 sats
Day 28: 134217728 sats x 2 = 268435456 sats
Day 29: 268435456 sats x 2 = 536870912 sats
Day 30: 536870912 sats x 2 = 1,073,741,824 sats = 10.74 BTC

Bonus if the month is 31 days.
Day 31: 1,073,741,824 sats x 2 = 2,147,483,648 = 21.47 BTC

[Plaguedeath]

1btc or 100sats doubled each day for a month.

Where did you read 100 sats on that's image? it's 1 sat lol.

I pick 1 sat, because in the next 29 days I will get 536,870,912 or 5 Bitcoin (assuming the first day it's not doubled). But after all it's just an imagination, no one is willing to give 1 BTC today or 5 BTC in the next 30 days lol.

Maybe someone might choose to pick 1 BTC because they have an emergency needed which make them can't wait until 30 days long.

[Sim_card]

It all depends on the individual understanding and how patient he is towards money. If it is the impatient ones or ignorant to calculate will settle down for 1btc

I will go for 1 sat double per day and I will be patient for it to accumulate till the end of the month,so that I can have 5btc. This question is teaching us to understand that for you to grow in your bitcoin journey, you need patience and always know the market analysis. That is why if you don't calculate the number of sats per day you will think 1btc is bigger because it is in bulk. It is just as investors will see little pump in price and they will rush to sell but if they do not panic to sell,they might end up selling higher than the previous price that they intended to.

[entebah]

If I actually get your question well, the 100 sats will be added everyday for a month? If it is so then it is 1btc straight away. 1btc= 100 million sats. Accumulating 100 sats each day will only get you 3,000 sats which is just equivalent to 0.00003 btc.

I think you misunderstood the question that OP ask because it's Multiplied by 2 every day for 30 days and it's not accumulated 100 sats each day.
for I think the double every day will be good because we can get up to 1073.741824 BTC from 100 sats and it's over 1k BTC different from the 1 BTC straight away on day 1.

[nimogsm]

A good test for logic and basic knowledge of mathematics. Of course, I would choose the second option, since the magic of compound interest will do everything for me, and above in the topic, calculations have already been indicated that only confirm my words.But I think there are many people who would immediately take 1 bitcoin without hesitation, because they would not want to wait and then would be very sorry about it)

[UchihaSarada]

If you're left with the two options, what will you decide on and why from the image above, 1btc or 100sats doubled each day for a month.

Bitcoin or satoshi (sat) is not a matter. Satoshi is one of Bitcoin units and if you can have a magic to double 100 sats each day, you can double your bitcoin BTC each day, for a month.

You can not have one but don't have another.

[Did you know?] Bitcoin Table of Units

[BIT-BENDER]

If I actually get your question well, the 100 sats will be added everyday for a month? If it is so then it is 1btc straight away. 1btc= 100 million sats. Accumulating 100 sats each day will only get you 3,000 sats which is just equivalent to 0.00003 btc.

The OP said 100 sat that would be doubled everyday for a month, going by the fact it’s 30 days a month approximately then you would be getting double of your sat everyday day.

Approximately you would be getting more that 10 bitcoin at the end of a 30 days month period that’s definitely above going for 1 btc a month.

When ever I see a question like this that has a first look easy answer I definitely know not to go with the easy answer and have a better thought about the question.

[acroman08]

I've seen this "test" being asked too many times on Facebook(but instead of BTC it's in FIAT) to know how to find out which one of the options will give more BTC in 30 days.

1btc or 100sats doubled each day for a month.

Where did you read 100 sats on that's image? it's 1 sat lol.

he got it from the OP's post. check the last part of the OP's post, he said 1btc or 100sats, not sure if OP made a typo or if it's intentional.

Bitcoin IQ
If you're left with the two options, what will you decide on and why from the image above, 1btc or 100sats doubled each day for a month.

[sokani]

Many people would go for 1 BTC, but having 100 sat been doubled everyday for 1 year, i.e. 365 days is a whole lots of sat and I would go for it.

DAY 1: 100 sat
DAY 2: 200 sat
DAY 3: 400 sat
DAY 4: 800 sat
DAY 5: 1,600 sat
DAY 6: 3,200 sat
DAY 7: 6,400 sat
DAY 8: 12,800 sat
DAY 9: 25,600 sat
DAY 10: 51,200 sat
DAY 11: 102,400 sat
DAY 12: 204,800 sat
DAY 13: 409,600 sat
DAY 14: 819,200 sat
DAY 15: 1,638,400 sat
DAY 16: 3,276,800 sat
DAY 17: 6,553,600 sat
DAY 18: 13,107,200 sat
DAY 19: 26,214,400 sat
DAY 20: 52,428,800 sat
DAY 21: 104,857,600 sat
DAY 22: 209,715,200 sat
DAY 23: 419,430,400 sat
DAY 24: 838,860,800 sat
DAY 25: 1,677,721,600 sat
DAY 26: 3,355,443,200 sat
DAY 27: 6,710,886,400 sat
DAY 28: 13,421,772,800 sat
DAY 29: 26,843,545,600 sat
DAY 30: 53,687,091,200 sat
DAY 31: 107,374,182,400 sat....

1 BTC = 100,000,000 sat
So in 31 Day, it will be: 107,374,182,400/100,000,000
= 1.07 BTC

So you can imagine how many BTC you can get in 365 Days.

[Dr.Bitcoin_Strange]

It's certain that there are some decisions that people make based on their thoughts, and that's because they think the offer they get is already good enough for them, so they rush in without checking to see if they are cheating themselves with the offer they accept. For me, if someone decides to let me chose either 1 bitcoin or 1 SAT which will be dauble for a month, well, I don't have to be so overwhelmed; I would have to be in my best state of mind, then do the maths to know how many bitcoin I can get after that 30 days, and if it happens that I will get more bitcoin than the 1 bitcoin initially offered, then I will go with the SATs. In taking some decisions, you may not really be allowed to think much, so you can just rush and go for one bitcoin.

[crwth]

Many people would go for 1 BTC, but having 100 sat been doubled everyday for 1 year, i.e. 365 days is a whole lots of sat and I would go for it.

I think you missed the part where it's 1 sat, not 100 sat and I think you have miscalculated the conversion for BTC. lol. But it's still better to have that 1 sat and double every day for a month

[serjent05]

At first glance 1 BTC looks attractive while 1 sat doubled every day looks small.  But if we calculate, 1 sat doubled (even if it is not 100 sats) yields more than 1 BTC.  It is more than doubled the amount of 1 BTC.  Even though your screenshot and your statement do not tally, I still choose the 1 sat doubled every day   1 month waiting is nothing for an additional 4+ BTC.  If I am not mistaken, that 1 sat doubled every day in 1 month can yield around 536,870,912‬ sats which is equivalent to 5.368 BTC. (given that the month has 30 days).

[rhomelmabini]

Can't tell the actual computation but I think I'd get the 1 BTC if it's real and in my property already, of course if it's real. If the 100 SATs will last for over a year or even more that that then I'd be happy to retire and just wait until that sats could be worth a dollar. I'm lost on the conversion tbh.

[ItsCrafty]

Bitcoin IQ

If you're left with the two options, what will you decide on and why from the image above, 1btc or 100sats doubled each day for a month.

without doing math i will choose 1 btc because i know the worth of 1 btc and secondly this is instant profit to take without waiting for month. After doing math i will choose 100 sat where every sat will become double everyday for a month. calculations are already made by many users so need to repeat but i am good in math so i will choose 100 sats and wait for a month. 

[hatshepsut93]

Bitcoin IQ

This has nothing to do with IQ, it's just basic math. Anyone who have middle education and didn't sleep during math classes should calculate 2 (because the amount is doubled every day) to the power of 30 or 31 (number of days in a month) and get 10.7 or 21.4 BTC correspondingly.

But it's a good way of illustrating that people shouldn't rely on basic perception and always do the math. It's easy to lose perspective when dealing with big numbers.