Is Bitcoin really too Expensive? Then Buy Satoshis

[LesterD]

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?

There are around 19+ million BTC that have been mined/circulating so far, however, there are only 13+ million currently available. Where do these 6 million Bitcoins go? There are different reasons, for example, some people lose access to their coins due to lost keys, being incorrectly sent to an incorrect address, or other reasons. Due to these reasons, the access to those Bitcoins is lost, and no other way to recover.

[1714559998]

1714559998

[Fivestar4everMVP]

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?

It is not that the bitcoins disappear from the system, bitcoin have been built to have a total/max supply of 21 million coins, when all the bitcoins have been successfully mined, we will have around same number of 21 million coins in circulation, but amongst this 21 millions  coins, there are those who their owners have lost access to because they lost the private keys or seed phrases to the wallet holding the bitcoins, this are the bitcoins that are counted as lost, not that the bitcoin have to vanish completely from the bitcoin system or blockchain, no.

When we search through the bitcoin blockchain, we will always find this bitcoins sitting in their respective wallets, but the thing is that their owners no longer have access to them, so, they are lost so to say.

[EarnOnVictor]

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.

You are wrong, investing in Bitcoin or Satoshi doesn't matter, and both of them still have their measure in true fiat value. If @Fivestar4everMVP is wrong, why is it that Bitcoin fees are being charged in Satoshi, they should have made everything in Bitcoin. The smallest unit of Bitcoin is in Satoshi which is what he's trying to say and encouraging those who do not have their big money ready to consider getting lots of this simplest unit instead of missing out entirely.

However, it's practical that no one would be able to invest just 1 sat, you need a sizable number of it, and it's not worth it since the fee and wallet should be considered.

Also to read that 1 Satoshi reaching as high as $0.2 still baffles me. This means that almost everyone will be a billionaire in USD simply for owning Bitcoin. While some top holders might have close to a trillion dollars which I don't see as easy as thought.

By then, since 1 BTC = 100,000,000 Sats, Bitcoin would have been around $20,000,000 itself. How feasible is this in the next 100 years for the person to even witness it?

[Fivestar4everMVP]

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.

Also to read that 1 Satoshi reaching as high as $0.2 still baffles me. This means that almost everyone will be a billionaire in USD simply for owning Bitcoin. While some top holders might have close to a trillion dollars which I don't see as easy as thought.

By then, since 1 BTC = 100,000,000 Sats, Bitcoin would have been around $20,000,000 itself. How feasible is this in the next 100 years for the person to even witness it?

Lolz, I think you are a bit wrong with your assumptions that bitcoin would have to reach $20,000,000 for 1 satoshi to reach 20 cents, or maybe I am the one wrong.

Somebody I think have done this calculation and said that for 1 satoshi to reach 20 cents, 1 bitcoin will have to worth around $2 million dollars, not 20 million, I am not actually very sure since I've not sat down to properly calculate this, but then, let's come down a bit.

Lets say someone buys alot of satoshi at its current price of $0.000366, and sell them at 1 or 2 cents (which is very possible before the next 10, 15 to 20 years to be very conservative) that's still a good amount of money.

And yes, those holding bitcoins are sure goin to become Billionaires and trillionaires in fiat, in the coming future, bitcoin  will reach 1 million dollars and above in coming years - save this post somewhere and remember I told you when it happens. 

[Blitzboy]

Switching from Bitcoin to satoshis? Interesting idea. We zoom in from the big picture to enjoy the intricacies. You're right about satoshis' potential value; it's like finding treasures in a vast digital environment. Only 100 million satoshis per Bitcoin, with a finite supply? Scarcity matters. The digital equivalent of gold dust

Yes, lost Bitcoins and satoshis add to this scarce issue. Like a treasure hunt, some valuables are perpetually out of reach, increasing their worth. Your investing view is correct. Buy satoshis to get a piece of the future digital economy. Not simply affordability, but identifying promise in Bitcoin's smallest units. It's a savvy move for those who missed the Bitcoin train early on.

[m2017]

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.

If dollar-millionaires were valued in the past, satoshi-millionaires will be valued in the future.

This is what I always say to anyone who said that BTC is too expensive for them (depends on country) and didn't think that to have 1 BTC by buying is possible even though it will take some time where they don't have to buy 1 BTC instead they can buy Satoshi little by little until the accumulated Satoshi is enough to have 1 BTC. When I want to have 1 BTC then that's what I am going to do which is to buy little by little until I stop buying more Satoshi. Newbies and those people who doesn't know should check this thread for reminder.

By the way, it doesn’t matter what exactly you accumulate, in satoshi or in bitcoin. For ease of perception, you can use so and so. What matters is that every dollar (or other currency) you invest will pay dividends. x10, x100 and so on. Bitcoin, satoshi or dollar (or other currency), in general, it doesn’t matter, what’s important is the internal value. That is, how many of these or other goods or services you can buy per unit of this or that currency.

[Alpha Marine]

There are around 19+ million BTC that have been mined/circulating so far, however, there are only 13+ million currently available. Where do these 6 million Bitcoins go? There are different reasons, for example, some people lose access to their coins due to lost keys, being incorrectly sent to an incorrect address, or other reasons. Due to these reasons, the access to those Bitcoins is lost, and no other way to recover.

Oh!
Thanks a lot. How stupid of me.
I was actually thinking the coins are somehow misplaced on the network and they disappear, that's why I was wondering how that is possible.
Thanks.

[Dr.Bitcoin_Strange]

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.

Satoshi is mostly and more often referred to as the very smallest fraction of Bitcoin, like Bitcoin less worth $0.1 below. I really don't think that the fraction of Bitcoin that is above $50 should still be referred to as Satoshi. Although it could be counted as Satoshi, at least that value is more significant than 10 or 15 Satoshi. Don't get me wrong; I am not saying your advice is wrong. Yeah, Bitcoin is a very divisible asset that one can invest in for as little as $5. The person doesn't even necessarily need to invest up to $300 at once because some of them don't have that amount to invest, but they can invest as little as $5–$10 at once and keep holding while they accumulate more. I also used to tell anyone who ever said that Bitcoin was too expensive to invest any small amount they could afford at that moment.

[panganib999]

I get what you're trying to say, and I would ride on this idea if not for the fact that it would literally take them years for these satoshis to even become worth more than a hotdog bun. Yes, satoshis are cheap and they definitely make it easier to digest just how large a bitcoin's value is, especially for those without the capital to boot, but for crying out loud man Satoshis are worth virtually nothing on their own right now, you're literally making them buy crypto on the most basic level that even if they did buy bitcoin this way, they still wouldn't be able to reap benefits due to how laughably low their entry is.

What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.

[Wiwo]

Switching from Bitcoin to satoshis? Interesting idea. We zoom in from the big picture to enjoy the intricacies. You're right about satoshis' potential value; it's like finding treasures in a vast digital environment. Only 100 million satoshis per Bitcoin, with a finite supply? Scarcity matters. The digital equivalent of gold dust

Yes, lost Bitcoins and satoshis add to this scarce issue. Like a treasure hunt, some valuables are perpetually out of reach, increasing their worth. Your investing view is correct. Buy satoshis to get a piece of the future digital economy. Not simply affordability, but identifying promise in Bitcoin's smallest units. It's a savvy move for those who missed the Bitcoin train early on.

In the near future,  attention is going to shift from Bitcoin and to focus on sotashi as the major market quantification for Bitcoin,  since at that point,  a whole unit of Bitcoin will become too expensive and out of reach which will result in having to rely only on bits as the only cumulative variable for investors,  most especially the small bag investors.

A lot is going to happen in the market in the coming days and years and if anyone is lucky enough to have been able to hold their Bitcoin till that period,  then at that point you can say that I believe you did well by holding to the top which is something that not many Bitcoin investors will have the courage to do.

[GreatArkansas]

I get what you're trying to say, and I would ride on this idea if not for the fact that it would literally take them years for these satoshis to even become worth more than a hotdog bun. Yes, satoshis are cheap and they definitely make it easier to digest just how large a bitcoin's value is, especially for those without the capital to boot, but for crying out loud man Satoshis are worth virtually nothing on their own right now, you're literally making them buy crypto on the most basic level that even if they did buy bitcoin this way, they still wouldn't be able to reap benefits due to how laughably low their entry is.

What I instead would suggest is to not break the system, if you can't afford to buy bitcoin as a piece, DCA the fuck out of it. We don't need to reinvent the wheel right here my friend. Just need to spread the word that this particular method makes the wheel turn.

Well, not everyone has the money or can afford to buy some Bitcoin that you can consider "worth" or worth of a hotdog bun.
OP is just trying to say that there's no excuse for buying Bitcoin if your concern is "Bitcoin is too expensive now".

So for me, I  agree with OP. It's always good to buy Bitcoin even how much you can still own some.

[YUriy1991]

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.

And as high as it sounds even though it is possible we can buy fractional coins (Satoshis). but the direction is OP perhaps in terms of flexibility and easy to carry out transactions and sell small parts of the investment only when needed even though we know the long-term results are still unknown with large BTC holdings but that also determines handsome profits if held long term.

[pinggoki]

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.

The bolded part of my reply should've been sufficed to tell you that research wouldn't happen because most of them are already discouraged from the start meaning that they won't bother doing the research even on their own because what the person has said to them when they asked or was curious about seems to be enough for them. Yes every information on bitcoin is on the Internet but there are bad information out there that are either outdated, inaccurate or not true at all so even if you say that they do their own research, they still can't be sure what they are going to get in all of this, information drive and dissemination is still the best thing that we can do because an information disseminated by the bitcoin community is much better than those sensationalist tech magazine websites.

[Hyphen(-)]

People who complain about the high value of Bitcoin are forgetting that it is not a necessity to buy one single unit; they can buy fractions of Bitcoin and hold them; the value remains there; buying at least one Bitcoin requires a huge amount of money that so many people cannot afford. That is why you can buy your Bitcoin with any amount of money you have and keep it.

Satoshi is an alternative, just as the OP explained. If you completely understand the overall idea behind Bitcoin, you can invest in it today since its value is low, but keep in mind that the price movement works hand in hand with the Bitcoin price. If you feel Bitcoin is expensive for you, then buy satoshi and hold it. You will profit from holding it because it is the same as holding some fraction of Bitcoin.

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?

Everything is possible with time and patience.

When Bitcoin was introduced in 2009, no one expected the price to go this far in such a short period of time, and early investors were lucky to benefit from it. Therefore, anything can happen in the near future because we never can tell how far the Bitcoin price will go in this next anticipated halving. The price can be surprising and will give more hope to people who are holding Bitcoin as well as satoshi.

[Dr.Osh]

a good idea for people who want to invest in bitcoin, but they see bitcoin as too expensive. Apart from that, this might be a pretty good mindset for people who want to invest in crypto, especially people who are new to the world of investment.
Many people think that the money they have to buy 1 bitcoin, and refuse to buy bitcoin with a bitcoin value below that. However, by viewing these investments as satoshis, management for bitcoin investments may be easier to carry out. In essence, it all depends on patience and how to manage the investments we have.

[Agbamoni]

Many people especially  those new to Bitcoin think it's too costly to buy a whole coin. But they can actually buy smaller parts of it. However, since Satoshi is a part of Bitcoin you can buy some Sats. Since a Bitcoin is about some million Satoshis, which can be affordable.

What concerns me is that the people who complain about not being able to buy or invest in Bitcoin might also hesitate to buy Satoshis. They seem committed toward regrets and wishes, and they tend to procrastinate.

[EluguHcman]

As long as I know, the developer (s) of Bitcoin is known as "Satoshi Nakamoto" best known by its first name "Satoshi".
So much I believe there are categorical levels of members and Bitcoin investors in this platform whom are not enlightened about this "Satoshi's coin" .
I guess its been wondereous on why would Satoshi who is a founder of Bitcoin have a different Crypto coin or the whole complications between "Satoshi Nakamoto the developer of Bitcoin, the "Satoshi's coin" and what "Satoshi" itself could mean.

Personally to me, I feel dealing with Satoshi's is as dealing with Bitcoin and we I know, the value and the potentials of Bitcoin would remain unbearable in the crypto space.

[Ale88]

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.

Oftentimes on some other forum, or even talking with friends, I read/hear a lot of people saying that they won't buy any bitcoin because it's too expensive, and at the same time they prefer to buy some shitcoin... Usually there are two reasons behind this type of behavior: psychologically they prefer to buy some million of some shitcoin instead of 0.05 bitcoin, for example; and also they think, or hope, that the shitcoin will do XXX%, something that bitcoin of course can't do anymore.

[shield132]

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.

~snip~

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.

You can't buy satoshis because transaction fees will eat them. To be honest, it's counterproductive to buy satoshis today because we have high transaction fees. It's not hard to buy them on exchanges but since it's never good idea to leave them on exchange, you have to withdraw them as soon as possible and during withdraw exchanges ask you to pay high fees. I think it's better to save some hundred dollars from your monthly salary and buy 0.05 or similar amount all together.

I believe there will be time when we will calculate payments in satoshis instead of bitcoins. When price goes way up, 0.00000001 bitcoin - 1 satoshi will be like 0.01$.

[Promocodeudo]

OP, this is a real thread in the right direction, the problem with many people is greed, most time too I won't blame them, but it is better to start small, the bitcoin we know today was very small in its price when it was created but today see where it is, and with what I know the more bitcoin is appreciating in terms price up surg, the more Satoshi keeps increasing little by little, every successfully journey started from a day, in the aspect of Bitcoin being expensive, investment of bitcoin has always been made easy for investors to invest the amount the can afford, when I hear people say that Bitcoin is expensive I think thats just a mere excuse, investment what you have, it may increase over time depending on the nature of the market force.