SAT

biophysicsguy

I started buying in December 2022 when Bitcoin was around $17k and have been DCA'ing since then. I'm not rich and I don't have a high income but I'm frugal and have been putting almost every penny after I pay my bills into Bitcoin. I now have 1.07 Bitcoin. I have never sold a single SAT. I will continue buying with each paycheck. The next goal is 1.1, then 1.2, etc.

funny-tummy

Given the divisibility of BTC you would need $100M per BTC to get to $1 per SAT. How does this price out retail investors?

Toe_Solid

What is a SAT?

cphh85

1 USD = 1 SAT soon

Roland_91_

You are not wrong, but you are also not right. There doesnt need to be a specific file or a specific program called chokepoint 2.0 for it to exist. In the same way australia never had a while australia policy - but it did. The US government were putting sweeping and wide regulations onto crypto businesses that simply could not be complied with. then punishing crypto companies for being unable to comply. They did not try to build regulations that could be complied with, they deliberatly refused to explain how to be compliant. https://cryptonews.com.au/news/us-federal-judge-grills-sec-over-refusal-to-define-simple-questions-about-btc-eth-123525/ At a minimum It meant full KYC of every person within the crypto space. "standard banking practices" benefit banks, and disable the operation of crypto which are trying to replace banks. The compliance measures were simply unobtainable and was deliberatly designed to stop large scale credit flight away from the USD and into BTC and alts, and stop ordinary people moving savings into BTC. the SEC understood that BTC represented a risk to the USD hegemony and sought to stifle it because they could not control it. Now that the legal infrastructure for ETFs is in place, they allow the large scale purchase of BTC but only because they can now track every single SAT, tax and regulate it - control it. CH did try to implement changes in cardano to try and become compliant with the 'contingent staking' argument but it was shot down by the community. XRP spent like 7 years trying to prove they were not a security, which they eventually won but only after a change of government - which says a lot about the political nature of the law suits rather than the legality of it. There was absolutly a governmental crackdown on crypto from the left. and an eleviation of regulation from the right. So everything the CH has said stands up to scruitiny. Is 0 regulation the answer? no. Is traditional banking regulation being forcibly applied to crypto the answer? no.

Oneguywhoknowz

It’s always crazy coming back to this Reddit page….. been invested into bitcoin since it was 9K a coin and I remember shitting myself when it went back to 6K 😂😂😂😂 good times still never sold a SAT all I know is stack

iiamdhara

**Bitcoin never sleeps, and neither do you! 💪 Now we just need exchanges to add a 'Drain every last SAT' button for the true HODLers. 😂**

Strict_Anybody_1534

Started buying in 2016, was told about it in 2014, of course I wish I bought then. I was still at college so not too many funds, but the international approach of it was an attraction (international student In the US). Nearly sold in 2017, best mates dad told me he would punch me in the face if I didn't hold for at least 4 years. Sold a tiny amount in 2021, which I have no regrets over, but outside of that, haven't sold a SAT and relatively numb to the price movements (down) now. It has changed my view on economics, removed me from the system and as I spend time in 2 countries, has allowed me to be my own bank. Continue to DCA, up or down, I buy every Friday without fail. Won't be selling until 2033 at the earliest, when I'd enter my 40s. Of course If I have a personal event or something happens that I cant control, that could change, but that is the plan. The SnP 500 will keep up with the money printer and inflation, but storing long term wealth in dollars or pounds/Euros is like keeping a ice cube in the fridge, may not melt too quick, but it'll melt away.

coop3548

You know that you could just go buy 400 SAT's for 32 cents somewhere legit right?

RainerGerhard

Hello, it’s me: the Internet Police, Crypto division. There is a 52 SAT fine for this. Send it over.

Mentats2021

Change your mindset and focus on Satoshi's (lowest denominator of bitcoin). People refer to it as stacking 'SATs'. You will most likely never own a 'whole' bitcoin as there are only 21 million BTC (and the number cannot be increased). Instead you'll own fractions of bitcoin aka SATs. $1 USD = \~12,000 SATs. One day, the value may change so that $1 USD = 1 SAT.

Satoshi_UNO

It’s 0.00000001 btw && When 1 Satoshi aka Single Unit of Bitcoin is $1.00 USD then perhaps mSATs will become new standard a layer two option. Currently deployed in video games with BTV or Bitcoin where a deposit of 1 SAT or SATOSHI == 10M Micro Satoshi or mSAT The concept is you deposit 100 SATS for 100 MSAT of in game or on layer token / coin. Essentially also used for security validation options, where the token itself becomes a validator imagine sending a micro sat to login. I always said from before 2009 you must be able to send a single unit of Satoshi again 0.00000001 BTC or the project is over if you can’t physically use or access every single Satoshi by it self.

KaleidoscopeNormal71

Like 10% and f*ck you IRS I am Mexican!... No SAT espera NOOOOO!!

tbkrida

I bought at $84k this morning. It immediately dropped!😂 I don’t care. I’m holding for the long run. I got a $20k average and haven’t sold a single SAT yet!

Heretohelp33

I’d take 2 mil SAT out and buy more BTC… oh wait.

ElonaMusk212

Give it up mate...not going to happen... Also....you need to understand, that in the future...1 SAT WILL be broken down... Maybe we can use your make believe words/terms here....

theflyingtuga

1 SAT = 1 SAT Stay strong!

BranJacobs

current USD price (in Bitcoin): $94,014/BTC current USD price (in Sats): $0.00094014/SAT Now, imagine how the unit biased brain might react to such a difference in list price. Would it be: "Oh! Bitcoin is fractional up to eight decimal places and this shows me how affordable it is!" OR "Damn, price crashed hard. Wasn't it $100,000 just yesterday?" Lack of attention can overcome any amount of detail.

Dedsnotdead

A SAT, a Satoshi, is a small fraction of a Bitcoin. So no, it’s not a shitcoin.

Solnse

You could even fork to change the decimal point at some point. A SAT becomes the whole number and a Bitcoin is still 100,000,000 Sats. Just don't divide sats any further.

redeembtc

>Phones autocorrect sats to SATs pretty often OP wrote the word "SAT" so that shouldn't have been autocorrected from sat to SAT

tbkrida

What’s so impressive about this? I went all in with an average of $20k and haven’t sold a single SAT! I don’t plan on selling in the foreseeable future either.

baldfaces

Biden was Barack Obama's puppet? I mean how can you believe that and simultaneously not take into consideration Jeff Epstein calling Trump functionally illiterate? A statement that tracks with one of Trump's professors saying he was the dumbest student he ever had. That statement tracks with Mary Trump saying Don's sister did his homework. That statement tracks with that sister alluding to Trump having someone take his SAT, which allowed him to transfer from Fordham to UPenn. Like Rubio once said, “Here’s the guy that inherited $200 million. If he hadn’t inherited $200 million, you know where Donald Trump would be right now? Selling watches in Manhattan"

fading319

Oh look, another diss at Michael Saylor's MicroStrategy... He - nor his company - hasn't sold a single SAT yet, and this dude is so orangepilled that I truly don't expect him to ever do so. You'll get your "gotcha" moment when this happens, but until then, shut your mouth. He gets on podcasts and news channels and all of that, because he wants others to get out of the rat race. If it's only to shill his bags, then you'd expect him sold aggressively at 100k, yet that's the price mark where made the biggest purchase yet. The higher the price, the more confidence this guy gets. It's not the behaviour of someone who's gonna dump it all very soon. Stay a little depressed doomer, though. I'm sure everyone is out to get you and the feds are in your walls listening to every word you say. Absolute schizo, lol.

fading319

It's only a theory, but I genuinely believe that the amount of OTC Bitcoin is slowly running out. Like, Saylor/MicroStrategy has bought so damn much in the last couple of years, and it's always OTC. Every SAT that this company buys, stays locked up forever (at least for now). I think that exchanges are therefore getting BTC from the chain (albeit slowly so the price doesn't double overnight, lol) so companies like that can keep buying. It's not only MS that buys OTC, by the way. It's the most famous one for sure, but it's obvious that almost all the big boys use this 'trick'. If you look at the top 2 exchanges, Coinbase and Binance, they're both losing BTC *rapidly*. Way more than all the other ones, percentage-wise. I think MS mainly buys from them.

Thanis_in_Eve

Words are used to be easily recognizable and reduce typos. This does extend to which words are chosen, in that words are chosen to not be similar, easily confused with one another, and to have the first 4 letters be unique. But if I see SATO, I know that's SATOSHI. And vice-versa. I don't see how that can result in me making a 'typo' on my seed plate. I would not backup SATI or SAUC when trying to store SATOSHI. Or are you saying that by only storing 4 letters, the odds of being unable to identify words if the plate is damaged increases? I could see confusion if all I had to work with was SAT_. Enough of that and the seed could become unrecoverable.

terp_studios

You have it the wrong way around. The way to allow a currency to accommodate growing population is to divide the money more, not add more to the entire supply. Both methods (inflation and dividing) have the same result, greater number of total units. However inflation does it by stealing value from everyone else using the currency, while dividing the money does not change the value at all. The value will rise gradually with population and productivity growth. Gold has inflation, but its natural. Newly mined gold is only obtained by people willing to put in the time and capital to locate gold deposits, and extract them from the earth. Nature defines the distribution of new units of gold, or money. A largely unelected group of people define the distribution of new units of fiat currency. While those people can decide to destroy units of the currency by doing things like raising interest rates, the past 50-100 years shows us this rarely happens and they always create more units over time. Even more than their *supposed goal* of 2% per year. What’s even worse is it requires them to put in no time or capital, they do it for free by creating it out of thin air. Math and code running on a decentralized network of computers defines the distribution of newly mined Bitcoin and eventually stops. This creates a finite supply of money. The only people who receive these are people who allocate time and capital to producing them (mining). If Bitcoin becomes too valuable to the point where 1 SAT is not able to define the value of the cheapest good in our economy, then it can be divided further. It already is on the Lightning Network.

stringings

I hope you didn't sell the whole bag. I'm also class of 11' I traded for 4 years 2013-2017. Lost half of my holdings and diversified lessons learned. Decided not to sell a single SAT until 100k. Well 100k came and I decided to hold anyway. I think my new number is $250k I will sell 1 BTC at that price and put it all into MSTY for income.

Amphibious333

I didn't sell even a single SAT.

mrkenparry

I think SAT/USD is an easier mental hold

RoosterTail99

Whenever people say BTC too expensive I show them a SAT chart they immediately say oh I’ll buy that. I then respond with “congratulations you just bought Bitcoin”

Striking-Block5985

Bitcoin is NOT a currency just like Gold isn't a currency either, BTC it is a digital asset For it to be a currency it would need to be able to buy and sell things with it BTW I am long bitcoin Even Saylor says it is NOT a currency So few people really understand this It may someday become a currency once the "framework" is in place to make it possible to transact purchases and sales in it via a coin or a "SAT" but right now its not a pure currency That framework is what the Trump people plan to put in place soon

Prestigious_Long777

1. You’ll be LONG like extremely LONG death by the time the last BTC is mined. (~2140 should be the year we mine the last one). 2. Generally after it is accepted that the network/transaction fee’s would be enough incentive for a miner to keep the rigs running. 3. What if EVERYONE hodls EVERY SINGLE SAT ? Well, Bitcoin would keep existing, so would the network, there would just be no data or transactions to process, generating no fee’s, so we probably wouldn’t mine the next block until we have an incentive to ? The security of the bitcoin network is validated every block, if we mine no more blocks, there isn’t anything to be secured / validated. The only reason we need bitcoin’s protective measures and thorough validation is when it is being used for transactions. If there are zero transactions globally, and all BTC are mined and hodl’d, what the fuck are you going to validate / secure ? There’s 21M BTC out there, doesn’t exactly need to be validated.. so your entire question kind of collapses on itself. For your 2nd question - If BTC crashes extremely hard a lot of miners will be turned off, reducing the total hashrate, at which point it would be interesting for someone else to turn on their miner. It will always be worth it to mine bitcoin in some place, country, region.

WineMakerBg

Message from the future: "1SAT crashes to $50"

Scorpio780

I'm a SAT MAN Ski-bi dibby dib yo da dub dub

Sandcracka-

When 1 BTC IS 100,000,000 USD. 1 SAT will be 1 USD.

EOFError

I think there are a couple flaws in the wording that we’re using, and the analogy of whatever the thing is were either owning or investing. Buying something is not investing. Investing in something doesn’t mean you actually own the thing you’ve invested in. And when anyone can make something that doesn’t make it scarce. if only pizzas created at Joe’s pizzeria at 123 My St., my city New York, United States, planet Earth was declared to have value and everyone wanted it then it becomes a thing of value. But not all other pizzas made anywhere else. only those and the only way to make money is to either buy the thing and park your money or invest your money with an investment firm. Right now anyone can buy the raw bitcoin, or Joe's pizza, and you can hold onto it, and it will only have the value that is current at the time of sale. Either the value keeps going up or the pizza turns to shit by the time you sell it. You can also invest your money through funds and other investment products. Those investment products are backed by bitcoin, which means that a firm bought tons of the actual asset, and they are allowing you to park your money in a fund that will increase parallel to the underlying assets of value. If the value goes down, your investment will go down. The difference between this magical pizza, and all the other pizzas in the world, is that once Joe stops making his pizzas - the supply has run out and the only people who will make the MOST money are those people who own the raw asset. Either a whole pie or one of the fractions of that raw pie. as long as the value keeps going up, everyone continues to make money, whether you’re holding the actual asset or park your money in a fund that is tied to the actual assets owned and held by some major financial institution. but those real assets cannot be divided and sold beyond a SAT. what can be done is that you can buy into funds or other virtual products. Or you can wait for someone to sell their underlying real asset, either in coin form or SAT form, and try and get your hands on a real piece of the pie. So the supply is limited. Your ability to invest is unlimited. The financial products that will be created based on the limited physical supply will also be unlimited. Because banks wanna make money. and if that golden pizza turns into $1 billion per pie, and those SATs have so much value that you can buy a house, the ETF where you parked your $100 investment will still increase. But that doesn’t mean that you own bitcoin by having your money invested in a fund. You are not a holder of the asset and you can’t get one from Joe because he stopped making them. You’d have to pay the billion dollars to buy an actual pie or sell your house to buy an actual SAT. so if we’re talking with the right terminology-there is a limited supply of the actual coin assets. And you are also correct that the financial institutions will figure out ways to monetize that limited supply and sell virtually unlimited products based off of that limited supply. sorry for any typos, but this was too much to type and I’m relying on voice to text

Curious_Dimension944

Question. When will 1 SAT = 1 USD

MichaelAischmann

BTC = $100,000 sounds expensive. SAT = $0.001 sounds cheap. It's the same product, different psychology.

MichaelAischmann

Or we denominate Sats. SAT = $0.001 ... see: it's cheap.

Jout92

Agreed. At Bitcoin = 1 Million 1 SAT becomes comprehensible

ZeFGooFy

I might not vote against this change with my nodes, but I surely won’t enforce it. For the majority it might be even more confusing, to be honest. Why is SAT not enough for you? As for myself, having Satoshi as the smallest denomination it’s like a tribute to the genius of Mr. Nakamoto. The prophecy is complete when we get to use SATs everyday… and God hears me, he deserve his name to be mentioned anywhere!

Domestic_AAA_Battery

Yup, so far I haven't sold a single SAT haha. And the problem is many people don't go online and say "Hey guys, I just sold at a huge loss!" Same with gambling. People share their successes and not their failures. It's basically how people still gamble on sports despite knowing that Vegas always wins. Because people love sharing success stories. You'll see a news article about a guy that parlayed every NFL game and won $3M. But you won't hear about the thousands of fans that made parlays and lost a total of $18M 😅

Fabian-88

Bro im in for that. THey do Not get any SAT out of my Hand

JustAGuyTrynaSurvive

I guess the best example is history. I thought about buying BTC in the very early days. I would literally be a billionaire had I done what I wanted to do back then. I thought about buying again in 2012. I didn't. I would have $20M right now had I followed through. I did buy some BTC in 2021, and sold it for a tiny profit later. The mainstreaming of BTC in January with the arrival of ETFs motivated me to get back in. I put nearly every penny I have outside of retirement accounts in between January and March of this year. I'm in at an average of $61k / coin and I'm not selling a single SAT until it hits at least $450k. We have an incoming President who is a crypto fan. His cabinet is crypto friendly. Wisconsin and Michigan invested a small amount of the states' pension plans in BTC earlier this year and Florida just announced it's pension plan is adding close to $1.5B in BTC to it's pension fund. We are past the tipping point where BTC's future is uncertain and adoption is going to snowball over the next few years. If you don't buy now at $100K in a few years you'll have a story like mine when BTC is $200k or $500k. "If only I had bought at $100k...."

Curious_Dimension944

Yeah what is an SAT plz

crazydrummer15

Only if cost of living goes down faster than my SAT wages.

Leo-MathGuy

A SAT is for Satoshi, a community created unit meaning one hundred millionth of a bitcoin. Like dollar and cents

LargeSnorlax

Don't tell that to [its SAT value](https://i.imgur.com/uyxcCVV.png), which is still under 5 year levels even after going up 4x If you roll back the chart [it's even uglier](https://i.imgur.com/bCJlndR.png), it's just now starting to pass into levels it was in 2014

StoneWall_MWO

when BTC goes up, every SAT goes up. pay attention in class sir

sortofhappyish

Lets be honest, if BTC rose to 5million per SAT they'd STILL say it was a scam, even as you board your solid gold yacht and set sail for Highclass Hooker island.

Icy-Success-3730

The purchasing power of EVERY SAT and fraction of that will increase. Any nonzero amount of Bitcoin benefits one's wealth. Eventually the early adopters will use their Bitcoin to buy stuff, and even if they hoard it, that will further add scarcity.

MarcusAvouris

Won't spend until 1 SAT = 1 USD

sirCota

i used to put two bitcoins on the top of the Mortal Kombat II arcade machine for next round, but the other guy, he never loses… He has the first and 2nd place names: 1. STK 2. SAT i never got a good look at his face.

pinktrending

A bitcoin SAT is called a Satoshi. SAT is just an abbreviation. "SATS" is just the name of a meme coin. It has nothing to do with bitcoin.

pinktrending

You are right. A SAT is 1/1,000,000 of a Bitcoin. "1000SATS" is the name of a different coin. It is not bitcoin. It is only the name.

djanuj90

So what is the ticker. The only thing i found was 1000SAT. Which is SAT but in a pack of 1000.

Remote-Ad7495

when bitcoin reaches the market cap of gold a SAT will be worth a .01!! thats when the real fun starts.

Substantial-Print-94

1 BTC = 100.000.000,00 Satoshis (SAT) 1 Dollar = 100 Cents In the future you can buy a Chewing Gum for 1 SAT!

fading319

> There is no 'this time it's different' People like you have been saying this for years - and until this time, you've always been right. You will continue to be right, until you aren't. I personally also not believe that this time will be different, but I'm also not selling a single SAT for a small chance of "doubling my bags". This cycle sure feels like the "this time is different" crows could be right. First pro-BTC president, ETFs, Saylor who's addicted to buying BTC, maybe even a federal BTC reserve for the US, etc etc. The future sure looks bright though.

ElonaMusk212

Slowly slowly...Focus on buying SATS. You can get 1 million sats for about 1000. right now. Thats Not nothing.... Cant afford that put in 50.00 Just keep going....but focus on SAT count....

dj_destroyer

What's the market cap of BTC at $1 USD per SAT?

fading319

I won't sell a single SAT for at least another decade. I'm a BTC maxi. I don't give a shit what the price is. What I do give a shit about, though, is taking the ability away for others to also have a piece of the "financial freedom" pie that we call Bitcoin. So, right back at you; you're the scumbag. And lol, we're at an all time high until we aren't. You're actually delulu if you think 93k is the top of the bull run that literally started 2 weeks ago. >I do own bitcoin classic So as I said, you don't own Bitcoin. I could tell right away. You're probably one of those suckers who think they have to buy a full coin right away or nothing at all, with no in between.

NotCoolFool

People need to stop worrying about the size of what is available, as with all things in life Bitcoin is divisible, in 10 years people will describe what they hold in SAT’s not in part or whole Bitcoins.

Blisstopher420

That's not possible. You can buy fractions of a Bitcoin. So, even if you only had $20 worth of value to trade for it, you could do so. Let's say it actually gets to 1SAT=$1, it could be subdivided even further (fractions of sats).

Bluenosesailor

My target is 300369. And by target I mean I'm never selling even one SAT.

Legitimate-80085

Pay me in SAT's

OriginalPancake15

He meant per SAT.

bnova21

A single bitcoin can be broken down into 100,000,000 Satoshis or SATS per bitcoin (BTC) It’s kinda like how $1 US dollar can be divided into 100 pennies, except that with bitcoin it can be divided into 100 million satoshis. One bitcoin or 100 million sats, same thing. Values based on 11/10/24 price 1 BTC = 100,000,000 SATS = $79,389 .1 BTC = 10,000,000 SATs = $7938 .01 BTC = 1,000,000 SATs = $793 .001 BTC = 100,000 SATs = $79.38 .0001 BTC = $7.93 .00001 BTC = 10,000 SATs = $7.93 .000001 BTC = 1,000 SATs = $.79 .0000001 BTC = 100 SATs = $.079 .00000001 BTC = 10 SATs = $.0079 .000000001 BTC = 1 SAT = $.00079 Bitcoin and SATs are like Dollars and Cents - just more zeros which allows BTC to be used with smaller transactions. There is also and even smaller unit of bitcoin called the millisatoshi or mSAT, which divides a single bitcoin into one hundred billion 100,000,000,000 mSATs.

Fluid_Poet8001

I am SAT

fckuclyde

Welcome brother. It’s going to be quite a journey, be prepared to get FUD, to see your investment in red sometimes, people around you mocking you but it’s just NPC behavior don’t pay too much attention. In the end keep in mind the end goal 1 SAT = 1 dollar. You have 30 millions SATS. Keep stacking.

fading319

Well, not from "us". From miners. I'm personally not selling a single SAT to one of these big companies. Not for a very, very long time.

fading319

I will fully admit that I'm also (too) addicted to checking my portfolio - at least once a day. Absolutely no intend for selling any SAT in at least another decade, decade and a half maybe. So why do I do it? Beats me... You regularly come across a comment saying "Bitcoin will eat everything in its path" and that's absolutely true. For me, this means that all sorts of people will get sucked into Bitcoin - also the ones who are purely her to make a quick buck. If you look at this sub, I think that this is the main audience here today. Many people disguised as maxis, but then why are so many panicking when it drops 2% in a day? When it goes up 5%, you can clearly see a huge influx of new people right away. I've been here for quite a while now (not only on this newly created account) and you can very clearly see the difference between a 'red day' and a 'green day'. This sub feels almost dead when the price drops or even when its stagnant. But it feels oh-so alive when we're up. I genuinely think that the majority of people are not active here (or any other BTC forum), and just stack and don't talk about it for the most part. The silent majority. The ones who cannot stop talking about it today, are usually not the same people who have been stacking since 2009. Anyway, if you think it's bad, watch what's going to happen when the bull run officially starts in a few weeks/months (whenever it might be). Newf*gs all over the place. Not saying that's a bad thing, we all had to start somewhere, but this sub will be an absolute cesspool until the price cools down again. Then it'll be nothing but doomerism again.

AcademicoMarihuanero

At least 1 SAT in cold storage

Badj83

But what’s 20000 SAT? That’s not written…

fading319

What kind of response did you expect from me? I can't guarantee you that they won't all sell en masse. I don't know. Nobody knows. The bull run will end at some point, they always do. I'm in it for the long run, and haven't sold a single SAT yet - so I don't really care. Price going up = portfolio in the green = happy. Price going down = more SATs from my weekly DCA = happy. That's how I look at it.

magus-21

Oh look, another r/wooosh, too. Read the thread again. He claimed RFK knew crypto. I said an antivaxxer wouldn't be someone whose technical judgment I would trust. He then asked what technical subjects Kamala understood rather than defending RFK. That's a whataboutism because Kamala's technical understanding of crypto isn't being debated, only her apparent support. That's when I said he had used a whataboutism to distract from his misguided trust in RFK's delusion/misinformation on technical matters. Get it now? From that point forward, he didn't have an argument. Hence, I could say whatever the fuck I wanted because my LAST argument still stood. Just like I could call you another SAT failure and I would still be "winning" this asinine argument because both you and him are huffing and puffing over things that are meaningless. I don't care who you are. If you are a Flat Earther, antivaxxer, moon landing conspiracist, truther, Q Anon, or otherwise follow a similar type of cult as these (i.e. the kind that encourages apophenia and mistakes it for rationality), your judgement is not to be trusted on any matter because it's evidence that there was such a massive breakdown in your critical thinking that you've just given in to complete and total fantasy.

fading319

It's quite unthinkable for most people that it'd be THIS easy to enjoy - permanent - financial freedom. Just buy "magic internet money" and wait. But yes, unless a major black swan event happens, this is what's waiting for many of us here. I'm not talking about the people who invested $500 near March's ATH and haven't bought a single SAT since then. Too bad those times are long gone, and you'll only become a 'BTC millionaire' if you take bigger risks (i.e. invest more than you're initially comfortable with). But once you realize that fiat is the ultimate shitcoin, that's no longer an issue for most people. The only thing I keep thinking of is "how on Earth is it possible that such a large group of people, will eventually become so filthy rich, yet it'll not crash the whole market" and then come to the conclussion that; A. This community isn't *that* big. B. Most people here only own a fraction of a whole coin - in other words, it's not like they'll have generational wealth by the time BTC hits $1m. C. It's highly likely that I overestimate the amount of people who will be able to hold whatever amount they have today, for another decade/decade and half (the timeframe I think it'll take before BTC hits 7 figures). 10-15 years is a very long time, and there are so many paper-handed people on the planet. D. They'll never shut off the money printer ever again. How's an extra couple of people with one or two million each, going to influence the whole market? And that's only *if* you ever decide to cash out in fiat shitcoins. I personally never will, but I doubt that everyone will be able to resist it. So no, OP, it's not "too good to be true". Many people have already become filthy rich since BTCs creation 15 years ago, and that's not magically going to disappear. You (and me both) vastly overestimate the amount of people who are able to hold for a decade plus. Majority of people sell for whatever reasons. Trying to time the market, not able to resist taking a small profit after one cycle, emergency cases (which is the only acceptable reason for selling early imho). If you HODL, you'll make it eventually. That's how it works.

fading319

Giant economies not using Bitcoin is exactly why this clique of 'baddies' could've changed the whole game. Yet they see the opportunity of a lifetime, and still go "nah, let's do what the West did over 50 years ago and make our own payment system". Imagine being so dumb and desperate that you're copying an old, dusty five decade old payment system... And yes, I "stack" Bitcoin. I'm not a giant economy on my own. If I'd had a shit-ton of BTC, I would use it for everyday things. But I'm still at the stage in life where I'd rather hoard every single SAT, wait a decade or two, and then spend it when they're worth 20, 30, 40 times more than today. You know, just like 90% in this space? Bitcoin evolved to be the 'the new gold'. We're evolving with it. Don't hate the player, hate the game. BTC replacing fiat is still on the table, but me, or you, or anyone here, are not powerful enough to change its course. I'm confident that it'll still happen in our lifetime, but until then, I'm not touching any of my SATs.

fading319

I'm in it for the (very) long-term. I'm talking 50+ years. The problem is that I have way too much free time on my hands and I can't stop watching microeconomic videos on YouTube, can't stop checking my portfolio every other day (it used to be over 20 times a day - so at least *that's* getting better), can't stop thinking about Bitcoin almost 24/7, etc etc. I wake up and it's nearly the first thing that pops up in my mind, and right before I go to bed I either watch some more BTC videos, or browse this subreddit. It's an actual obsession. And none of the aforementioned things I do *truly* matter because I never sell a single SAT. All I do is DCA once a week - which is an automatic process anyway. I watch market videos all the time, as if I'm a pro trader who tries to time his purchases. Yet they all happen in the background and I have no say in it whatsoever. It doesn't make any sense. I just wish I could skip forward 10 years so I could quit my job already. Simply the thought of that is saddening me because life is already short and wanting to skip a decade ahead when you're still in your 'prime' (mid-20's) so you can finally have financial freedom, is why this whole system sucks in the first place. I feel like my whole life revolves around money. I'm aware of the problem, but I see no way to directly fix this.

Potential_Expert556

4:571 97 = O AccuWeather Cuajimalp...relos, MX v TODAY 9/15 68° 49° 0 86% MON 9/16 68° 49° 0 90% TUE 9/17 67° 48° 0 65% WED 9/18 68° 49°- 0 64% THU 9/19 69°50° • 75% FRI 9/20 68° 46° 0 60% SAT 9/21 交66°45° 0 8% SUN 9/22 65° 44° 0 4% MON 9/23 64° 45° 0 2% TIIC Today Hourly Daily Radar & Maps Hurricanes

visionanalyticsio

not a dumb question, stocks do this all the time to make them more appealing to retail investors. Imagine in the future when you need to send some 0.00001 and you accidentally miss a zero! pretty easy to do that. An ERC-20 token could essentially create 1 SAT.. tBTC already exists, just a matter of time before someone creates a lower denomination.

TxBcrypto

Eventually is very broad term! If you think USA would allow their dollar to devalue and stop their money printer for something they can’t control, then your macro understanding of the market is flawed. When you say everything will be priced in BTC! You think SPX will be measured against BTC? Bitcoin will never be a standard because it has no stability in price! People will not be using BTC for multiple purchases in the midst of a volatility session and keep calculating how much SAT needs to be transferred at that given point of time. Sure will have infrastructure that could support it in the long term, great as a SOV, but hoping for other currencies to fail and devalue will never happen in the foreseeable future. That’s for sure!

zxr7

It's a misconception (or assumed fault) that bitcoin goal is to make you rich. Nah, it's a side effect only, for those that opened their eyes consciously and early (like any other way someone becomes rich aka early adoption). In other areas and businesses richness is even a monopoly unlike the open distribution in bitcoin. But the main goal is to preserve value. And in some years when it all settles down, the value one has will be preserved and most surely appreciate in value. The goal is not to lose value - everything else is by-product. Being set to 21Mil max supply makes each SAT a piece of art (like paintings). Each effort/energy/time one puts in it will be preserved in future, u like most things in life that lose value with time.

craneguy2024

🐳's have been accumulating BTC for years now.... Supply on the exchanges will soon be dropping once they can't buy it OTC anymore .. then anyone not holding even a million SAT's will be left out in the cold

thebestname1234

The same that has happened up to this point…those that remain will be as valuable as whatever prices people are willing to sell them at. If there are less coins available, people will have to assess the price they bought them for and decide at what price they are willing to let them go. With very little supply and a large demand that price would be very high. If there is only 1 Bitcoin left and it remains the only decentralized currency, then we would just go to how much you value each SAT.

Close_enough_to_fine

Doing well on the SAT is really important for your future.

2cents2020

Daily is better for DCA’ing in my opinion get a better avg price than buying once a month. I do $10 a day and send to my cold wallet everytime I get to 1 million SAT. It’s free no transaction feee on strike so I don’t care about the number of transactions

chilli_cat

A cup of retail coffee in the UK is around 3 GBP So in Sats that would be 12,377,625 SAT So I think that the scale of the numbers involved would be an issue too 24 million for a pint of Guinness sounds like an awful lot

Impressive_Oaktree

1 SAT, 1 Dollar

M3174W4Y

Went to high school with his kids. Had a bunch of classes with the lad. One (maybe both) of them got perfect SAT scores.

FinanceOverdose416

I am more frugal. Every time I am tempted to buy the latest gadget, I would stack more SAT instead with the money. A dent in my car has not been fixed for years. I am still driving a 16 years old car when I have the money to buy a brand new one.

feenicks1

Well, 21M was the estimated cap because of something that we call Hash power. If a miner would spend 10²¹ hash power just to mine the ½ a SAT , then all the best to that miner

Local_Doubt_4029

If you own 1 SAT....just 1.....you are making a difference and contributing to the movement.

Ambitious-Position25

All the earnings will go to the state not the goverment. And what you said is not completely true for Germany, most obvious example being our school system, where every one of the 16 states manages their own system. There is no SAT here, every state makes their own exams and also has different time spent in schools, in some states students spend an entire additional year in school. Police is split into federal police and state police and so on. The only common ground is basically the military, because it is meant to only be used outside of Germany, by constitution.

RealCheyemos

The left *is* racist tho, this dates all the way back to Democrat slave owners as well Jim Crow. Abe Lincoln was the one who freed the slaves- he was a republican (do I think Republicans are angels and wonderful, no – I’m very much an independent, regardless of what you guys will try to label me with your bullshit labels). But those are facts. Today, we see the same type of soft bigotry of low expectations: “Black people can’t get voter IDs because they don’t know how so therefore they don’t need them to vote.” or how about all of the affirmative action that is completely unnecessary; there’s no race of people that need affirmative action, we’re all just as capable, and affirmative action in itself is racist- promoting another race over other races simply because of their skin color and perceived disadvantages.. what talk about Asian hate and the people who are committing, on the aggregate, the majority of Asian hate crimes, left us will not talk about that. Left us will also not talk about the discrimination against Asians in universities because they score too high on the SAT/SATs. We could also talk about the rampant antiwhiteism and antisemitism that is on the left as well – never in history have we seen a group of people hate their in-group as much as we do with white leftist progressives. white leftist progressives are racist against white people, that’s just a fact. The left has co-opted- via reified postmodern Marxist leftism- almost every single institution in America and has programmed an entire generation or two to believe leftist narratives. That is what is going on, that is a fact. You’re just so steeped in leftism that you can’t even see it.

ihatework93

I began DCA’ing Bitcoin as part of my January 1, 2020 New Years Resolution and have never sold a single SAT. I transferred all of my coins to cold storage and I have no plan to sell until at least 2030.

EPIC12EPIC

That's our whole SAT test right there. Take away produce, that affects the entire animal kingdom. And then, of course... The human species? So if there's no more pollination, it could all just go south here, couldn't it? I know this is also partly my fault. How about a suicide pact? How do we do it? - I'll sting you, you step on me. – That just kills you twice. Right, right. Listen, Barry... sorry, but I gotta get going. I had to open my mouth and talk. Vanessa? Vanessa? Why are you leaving? Where are you going? To the final Tournament of Roses parade in Pasadena. They've moved it to this weekend because all the flowers are dying. It's the last chance I'll ever have to see it. Vanessa, I just wanna say I'm sorry. I never meant it to turn out like this. I know. Me neither. Tournament of Roses. Roses can't do sports. Wait a minute. Roses. Roses? Roses! Vanessa! Roses?! Barry? - Roses are flowers! - Yes, they are. Flowers, bees, pollen! I know. That's why this is the last parade. Maybe not. Could you ask him to slow down? Could you slow down? Barry! OK, I made a huge mistake. This is a total disaster, all my fault. Yes, it kind of is. I've ruined the planet. I wanted to help you with the flower shop. I've made it worse. Actually, it's completely closed down. I thought maybe you were remodeling. But I have another idea, and it's greater than my previous ideas combined. I don't want to hear it! All right, they have the roses, the roses have the pollen. I know every bee, plant and flower bud in this park. All we gotta do is get what they've got back here with what we've got. - Bees. - Park. - Pollen! - Flowers. - Repollination! - Across the nation! Tournament of Roses, Pasadena, California. They've got nothing but flowers, floats and cotton candy. Security will be tight. I have an idea. Vanessa Bloome, FTD. Official floral business. It's real. Sorry, ma'am. Nice brooch. Thank you. It was a gift. Once inside, we just pick the right float. How about The Princess and the Pea? I could be the princess, and you could be the pea! Yes, I got it. - Where should I sit? - What are you? - I believe I'm the pea. - The pea? It goes under the mattresses. - Not in this fairy tale, sweetheart. - I'm getting the marshal. You do that! This whole parade is a fiasco! Let's see what this baby'll do. Hey, what are you doing?! Then all we do is blend in with traffic... ...without arousing suspicion. Once at the airport, there's no stopping us. Stop! Security. - You and your insect pack your float? - Yes. Has it been in your possession the entire time? Would you remove your shoes? - Remove your stinger. - It's part of me. I know. Just having some fun. Enjoy your flight. Then if we're lucky, we'll have just enough pollen to do the job. Can you believe how lucky we are? We have just enough pollen to do the job! I think this is gonna work. It's got to work. Attention, passengers, this is Captain Scott. We have a bit of bad weather in New York. It looks like we'll experience a couple hours delay. Barry, these are cut flowers with no water. They'll never make it. I gotta get up there and talk to them. Be careful. Can I get help with the Sky Mall magazine? I'd like to order the talking inflatable nose and ear hair trimmer. Captain, I'm in a real situation. - What'd you say, Hal? - Nothing. Bee! Don't freak out! My entire species... What are you doing? - Wait a minute! I'm an attorney! - Who's an attorney? Don't move. Oh, Barry. Good afternoon, passengers. This is your captain. Would a Miss Vanessa Bloome in 24B please report to the cockpit? And please hurry! What happened here? There was a DustBuster, a toupee, a life raft exploded. One's bald, one's in a boat, they're both unconscious! - Is that another bee joke? - No! No one's flying the plane! This is JFK control tower, Flight 356. What's your status? This is Vanessa Bloome. I'm a florist from New York. Where's the pilot? He's unconscious, and so is the copilot. Not good. Does anyone onboard have flight experience? As a matter of fact, there is. - Who's that? - Barry Benson. From the honey trial?! Oh, great. Vanessa, this is nothing more than a big metal bee. It's got giant wings, huge engines. I can't fly a plane. - Why not? Isn't John Travolta a pilot? - Yes. How hard could it be? Wait, Barry! We're headed into some lightning. This is Bob Bumble. We have some late-breaking news from JFK Airport, where a suspenseful scene is developing. Barry Benson, fresh from his legal victory... That's Barry! ...is attempting to land a plane, loaded with people, flowers and an incapacitated flight crew. Flowers?! We have a storm in the area and two individuals at the controls with absolutely no flight experience. Just a minute. There's a bee on that plane. I'm quite familiar with Mr. Benson and his no-account compadres. They've done enough damage. But isn't he your only hope? Technically, a bee shouldn't be able to fly at all. Their wings are too small... Haven't we heard this a million times? "The surface area of the wings and body mass make no sense." - Get this on the air! - Got it. - Stand by. - We're going live. The way we work may be a mystery to you. Making honey takes a lot of bees doing a lot of small jobs. But let me tell you about a small job. If you do it well, it makes a big difference. More than we realized. To us, to everyone. That's why I want to get bees back to working together. That's the bee way! We're not made of Jell-O. We get behind a fellow. - Black and yellow! - Hello! Left, right, down, hover. - Hover? - Forget hover. This isn't so hard. Beep-beep! Beep-beep! Barry, what happened?! Wait, I think we were on autopilot the whole time. - That may have been helping me. - And now we're not! So it turns out I cannot fly a plane. All of you, let's get behind this fellow! Move it out! Move out!

Corbimos

https://xsats.net/SAT/USD/ Go to the time travel option. Works great on mobile or desktop and loads super fast.

DreamingTooLong

There’s 100million SAT in 1 BTC 0.00154900 BTC = 154900 SAT 1 million SAT = 0.01 BTC