Is Bitcoin really too Expensive? Then Buy Satoshis

[jeraldskie11]

You can't buy Satoshi in the exchange literally because what I have know is that if ever you bought Bitcoin the ticker is always Btc even if your balance is below 1 unit. If the exchange use the ticker Satoshi just because our funds is not worth 1 Bitcoin, it will only gives confusion to our their users.

Knowing what is the relation of Satoshi in Bitcoin is enough. This will make us understand that there is 8 decimal point to become 1 Bitcoin since 100million Satoshi the smallest unit of Bitcoin worth 1 Bitcoin.
 

[goldkingcoiner]

If Bitcoin is too expensive then you should have bought sooner!    

Furthermore I would argue that the topic title should be: "Not enough money for Bitcoin? Then buy Satoshis." Because the value of both Bitcoin and Satoshi scale, so you are buying BTC at the same Satoshi price as you would be at buying Satoshis. If you consider Bitcoin has a too high price-tag then so do the Satoshi.

Although I would also argue that Bitcoin under 100k is not expensive.

[AmoreJaz]

It is just as easy as saying it is not necessary to buy bitcoin if you do not have enough money to, becuase you can buy less than 1 bitcoin. Satoshi is the smallest unit of bitcoin but I do not think saying investing in satoshi is correct, it is still investing in bitcoin but people can buy less than 1 bitcoin.

Using the term satoshi might only bring confusion to beginners. They might be thinking that what's the significance of satoshi when all we are talking here is only bitcoin. Instead, make it clear that we don't have to invest or buy the whole bitcoin if our funds are still insufficient. Just buy a portion of bitcoin on an amount that you can afford to lose, and continue to grow it through doing DCA in your next purchases.

I'd say people understand every piece of advice based on their capability to understand. And I know what you are trying to say here is actually good and valuable, but only limited people will understand the essence of having satoshi when its hard for you to invest or buy the whole amount of bitcoin.

they will understand this concept sooner or later. satoshi or btc itself, either term, they will know the difference real fast. but bottomline, the idea here is just buy small parts of btc that you think you can afford. but of course it depends on the minimum order that an exchange is allowing their traders. also, consider the tx fees if you do need to transfer it to your own wallet. most users will accumulate first their satoshis before transferring it to their wallet because of the high fees incurred in this process.

[Agbe]

This a nice recommendation but even in this moment bitcoin is not too cost for people to buy though depends in the country you dwell in.  And if anyone want to buy it can buy it from unit which can be 0.0003 which can be equivalent to $10 and as the op said, if anyone is interested to invest in bitcoin but thinking that the price is too high then as the op said he can purchase satoshi but my consideration of satoshi right now is very low and it take yes to rise for people to massively use it. But if the investors will be patient enough for like 8 to 10 years to come for them to start using their satoshi investment then, it is a good idea of investing in satoshi but what about the transaction for then because bitcoin uses satoshi to pay for it transaction so if satoshi goes up then means the transaction bitcoin will be something else.

[gunhell16]

In the future, we will get to a stage where or when we will no longer talk much about how much 1 full BTCbitcoin is worth, but we will focus on how much 1 satoshi is worth.

And today, based on the current price of bitcoin, 1 satoshi is currently valued at $0.000366 according to coinmarketcap.



If you missed buying bitcoin in its early days and feel bitcoin have become too expensive, then you have the opportunity again to invest in satoshi, treat satoshi as a bitcoin side project, for in the near future, 1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin, and a total/max supply of 2.1 quadrillion satoshis off the total supply of bitcoin which is 21 million (disregarding that around 6 million bitcoins is estimated to be lost, which also means that the satoshis equivalent to this amount of bitcoins are also lost)

Imagine buying 1,000,000 satoshis at current price of $0.000366, that will cost you around $366 today

Hold the same 1,000,000 Satoshis till each worth $0.1 cent, that will be worth $100,000 (not money for children)

Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.

It's good that you say this; bitcoin's value is high at the moment, and maybe for most people it's too expensive if you really buy a bitcoin. Now, there's nothing wrong with saving it if it's really long-term; we will talk.

But the question is, how much will Bitcoin be when what you say happens? Could the price of Bitcoin be in the millions? because if we just think about it for 14 years, each bitcoin has been around 36–37 000 now, or, let's say, 100k, so how many more decades will we have to wait to experience what you are talking about? Although saving is really good, that's true. The real question is, are we still alive?

[nelson4lov]

Whenever anyone asks me how they can get started and I recommend them to buy Bitcoin, they immediately hesitate and say it's too high. My response has always been that Bitcoin is available in a smaller denomination. Anybody that is serious wouldn't mind since those satoshis can get compounded to 1 BTC one day.

Although I would also argue that Bitcoin under 100k is not expensive.

Not everyone would be able to buy $100K bitcoin or a $1M  Bitcoin.

[Fundamentals Of]

I think this isn't what many mean when they comment that Bitcoin is already expensive. Bitcoin is indeed much more expensive these days compared to a decade ago. Wouldn't you agree?

Bitcoin is much more expensive today than when I first heard of it. That's why I also share this little regret with others when they speak as if they missed the bus already. I too could have bought Bitcoins back then, not just Satoshis.

Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.

[Poker Player]

I think this isn't what many mean when they comment that Bitcoin is already expensive. Bitcoin is indeed much more expensive these days compared to a decade ago. Wouldn't you agree?

...

Back in 2016 when I first encountered Bitcoin, the price was only 3 digits. Now, it's 5. Doesn't that make Bitcoin too expensive now? But I'm not saying we can't buy small portions. It's just that 1 full coin is already out of my league. Before, I could afford it.

Yes, the fact is that buying whole Bitcoins has been out of reach for most mortals for years. And then it makes more sense than ever to buy fractions of Bitcoin or satoshis, but I do not know if the example he gives of 1 satoshi can not lead to confusion because it is dust, actually. The point is to buy the fractions of Bitcoin that one can afford, as for example today $100 is approximately 0.0027 Bitcoin.

[goldkingcoiner]

Whenever anyone asks me how they can get started and I recommend them to buy Bitcoin, they immediately hesitate and say it's too high. My response has always been that Bitcoin is available in a smaller denomination. Anybody that is serious wouldn't mind since those satoshis can get compounded to 1 BTC one day.

Although I would also argue that Bitcoin under 100k is not expensive.

Not everyone would be able to buy $100K bitcoin or a $1M  Bitcoin.

Well, of course that is true for the purchase of 1 BTC But not what I meant. Luckily we can break Bitcoin up into smaller parts and still call it Bitcoin, but it can become confusing whether we mean a whole Bitcoin or just Bitcoin in general. In my own case I meant it in general.

And I think that everyone here would agree with me that 100k for a Bitcoin is a steal, when considering its future potential.

[DabsPoorVersion]

This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.

Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.

[pinggoki]

This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.

Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.

The problem with those people is that when they've heard about the price and say that it's expensive, it's because they didn't do any research that you can buy in fractions or satoshis so they end up saying that to other people that unfortunately asks them about bitcoin which in turn discourages those people that would've been eager to invest in bitcoin if they only knew better but that's misinformation for you, there's no way that we can eradicate that all at once so small steps and make sure that we contribute to the information drive that seeks to properly educate people on bitcoin.

[yhiaali3]

My dream or goal is to get 1 BTC, but it has become very difficult given the current prices and of course it will become more and more difficult as time progresses, so perhaps I will be content with getting Satoshi.

People who are not able to own 1 BTC should accumulate as much satoshi as possible so that they can accumulate a good amount and keep it in the long term, and thus its value will inevitably become very large over time.

As we mentioned many times in previous topics, following the DCA strategy is best at the present time, before the big rally begins.

[btc78]

this can be extremely confusing for beginners

satoshi is NOT an altcoin it’s just basically btc but a smaller fraction of it think of it as a conversion factor with different units like 2.54 cm = 1 inch in this case 100 million satoshi = 1 btc

what op is saying that you should invest in bitcoin no matter how much money you have right now because you don’t need to buy exactly 1 btc there’s no minimum amount of money you can invest in btc you can buy more and more later on

[Assface16678]

If Bitcoin is too expensive then you should have bought sooner!    

Furthermore I would argue that the topic title should be: "Not enough money for Bitcoin? Then buy Satoshis." Because the value of both Bitcoin and Satoshi scale, so you are buying BTC at the same Satoshi price as you would be at buying Satoshis. If you consider Bitcoin has a too high price-tag then so do the Satoshi.

Although I would also argue that Bitcoin under 100k is not expensive.

You can't say that many investors in bitcoin are late in buying it when it's affordable. That's why, even without buying the whole bitcoin, an investor could still earn. Bitcoin is just the whole thing; satoshi is the small fraction of bitcoin; it's like a cent to a dollar, so you brought a fraction of bitcoin, which is called satoshi, but of course, in exchange, it will only reflect bitcoin. So anyone who wants to invest in bitcoin can still do so; it is not too late. The most efficient way to earn through bitcoin is by trading, but if they can't do as much complex trading, holding a fraction of bitcoin could be profitable. I also do holding or trading, so I realise that it's still not too late. Theres still an opportunity and chance to ride if bitcoin will bullrun; you just have to have patience and wait for it, and of course, grab the opportunity and risk.

[michellee]

With the price of Bitcoin now having reached $36k and could rise even higher, it makes it difficult for many people to buy 1 BTC. They can buy Bitcoin by adjusting the amount of money. And it's true what @OP said that we have to focus on collecting satoshis.

That's why, with the DCA method, they can collect more satoshis. With this method, people can also buy regularly so they can have a lot of satoshis. By using that way, they could end up owning 1 BTC. As long as the price of Bitcoin still hasn't risen very high, they can still collect a lot of satoshis using the DCA method.

If they can regularly use some of their money to buy Bitcoin, they can collect a lot of satoshis. In the future, not many people will be able to buy 1 BTC in full but they can still buy satoshis as fractions of Bitcoin. That's the focus of people now so they can own Bitcoin.

[Jegileman]

1BTC is a very big amount for one to purchase, if I have the means of owning 1BTC now, I would have improve my means of livelihood before investing the rest into BTC. People finances varies and we are really proud that a smaller unit of bitcoin like satoshi exists which has broken the barrier and limit to the type of people that can afford bitcoin. I am not sure but with the amount that 1 satoshi worths now, even the least 10% of the total population of people that are poor can still afford some of this. So satoshi was a good idea too and has helped more people like us who can’t afford 1BTC own some of it and be part of the bitcoin market.

[Fiatless]

Start investing in satoshi today, if you are too poor, buy and hold atleast, 2,000,000 satoshis worth $732 today, and be very patient.

People spend money on things like cigarettes, junk, and other unnecessary expenses. Such funds can be channeled to buying satoshis as OP has stated. But we shouldn't expect these purchases to bring high profit within a short period. It should just be seen as a means of saving money because the profit will not be as big as someone who used a lump sum with more funds.

Don’t get me wrong but this is certainly a huge wish which might be almost impossible in the near future. One satoshi equaling a dollar means that one bitcoin will be $100,000,000 which is such a higher number that even if the mining stops and bitcoin becomes scarce will be rare to have it at that price.

We cannot predict the future so we cannot say it is impossible. Maybe this could be a good way of saving money for your children. Even if the price doesn't get to the price in our lifetime, our children might be lucky to enjoy the benefits in the future.

[Solosanz]

Is Satoshis really too Expensive? Then Buy MiliSatoshis.

this can be extremely confusing for beginners

Maybe, moreover there are two shitcoins use "SATS" thicker and they also use "Satoshi" name. Some people might confuse with mBTC which worth of 100,000 Satoshis.

https://coinmarketcap.com/currencies/satoshis-vision/
https://coinmarketcap.com/currencies/babysatoshi/

[DabsPoorVersion]

This is what everyone should understand especially newbies. It's fortunate to be able to start investing in Bitcoin without the need to have a whole 1 Bitcoin. Most people who heard Bitcoin for the first time and suddenly know its value will immediately say that it's impossible to invest now as the price is too expensive to afford by a normal person. Without knowing they can buy a fraction of it and still be profitable in the long run.

Newbies should know that there's no need to purchase a whole 1 Bitcoin, they can initiate the investment as long as they are interested in investing, can provide a certain amount for their own investment, are willing to learn about the technology, and are patient enough for the investment to grow.

The problem with those people is that when they've heard about the price and say that it's expensive, it's because they didn't do any research that you can buy in fractions or satoshis so they end up saying that to other people that unfortunately asks them about bitcoin which in turn discourages those people that would've been eager to invest in bitcoin if they only knew better but that's misinformation for you, there's no way that we can eradicate that all at once so small steps and make sure that we contribute to the information drive that seeks to properly educate people on bitcoin.

That's why I have stated above that those kinds of people should understand that they can be able to buy in a small amount of money. Meaning, that someone should explain, or those people should do their own research to fully understand how they were able to invest and understand why they should consider investing in Bitcoin.

Every information needed regarding Bitcoin is all over the internet. If ever they heard it from somewhere or from someone they know, they would eventually do their own research due to their curiosity.

[Alpha Marine]

This is why it is advisable to get an income before looking for ways to invest. You can't invest if you don't have money. If you do not have money to buy Bitcoin and you're worried about missing out on Bitcoin then you're worrying about the wrong thing to me. It's good that you have a mind and urge to invest, but fear of missing out shouldn't be your motivation.
Focus on getting an income, it is from that income that you can use to buy Bitcoin or Satoshis

1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin, and a total/max supply of 2.1 quadrillion satoshis off the total supply of bitcoin which is 21 million (disregarding that around 6 million bitcoins is estimated to be lost, which also means that the satoshis equivalent to this amount of bitcoins are also lost)

I've seen this before and I do not understand it, so I'm going to use this opportunity to ask. How does Bitcoin get lost from the system? I can understand when it's the fiat cash flow and all, but when it's Bitcoin, how does about 6 million Bitcoins disappear from the system?