SATS

biba8163

The problem with Alts is that 99% they pump and dump and fade into obscurity. Even the most successful Alts pump but eventually lose out massively against BTC. If you look at the most successful Alts long term, you can see they ALWAYS go back to and below their initial BTC value -- here you can see the trend of where even ETH is headed for the same fate. | | Initial | High | Current | |:-----------|------------:|:------------:|:------------:| | LTC | 0.03 BTC| 0.048 BTC | 0.001 BTC | XRP | 5,594 SATS| 22,500 SATS | 940 SATS | XMR | 0.005 BTC| 0.035 BTC | 0.0029 BTC | ETH | 0.01 BTC | 0.15 BTC | 0.041 BTC   The problem with Alts is that they cannot CANNOT attract capital on their own. Even when you look at the most successful Alt ETH, you can see that it only appreciates and attracts capital after money flows into BTC and flows out seeking more profit. The entire hope of Alt appreciation comes from BTC going on a bullrun and hoping profits flow to them. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021   If you look at the Grayscale Trust products for other cryptos and the ETH ETF, you can see there is practically zero interest in anything else besides BTC for TradFi. Even ETH has zero ability to attract money when BTC is not in a bullrun. | | Net Inflows | |:-----------|------------:| | BTC | +$17.04 Billion| | ETH | -$562 Million| What this leads to is a saturation point for Alts and they either dump to obscurity or in a best case scenario they continue to lose value to BTC long term.

biba8163

> ETH is just another Altcoin Exactly, ETH is just another Alt. Alts cannot CANNOT attract capital on their own. ETH as an Alt only appreciates and attracts capital after money flows into BTC and flows out seeking more profit. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021   ETH is just another Alt and the its ETF has zero ability to attract money when BTC is not in a bullrun. | | Net Inflows | |:-----------|------------:| | BTC | +$17.04 Billion| | ETH | -$562 Million|   ETH is just another Alt and Alt ratios ALWAYS go back to and below their initial BTC value meaning long term, ETH is waaay overpriced. | | Initial | High | Current | |:-----------|------------:|:------------:|:------------:| | LTC | 0.03 BTC| 0.048 BTC | 0.001 BTC | XRP | 5,594 SATS| 22,500 SATS | 940 SATS | XMR | 0.005 BTC| 0.035 BTC | 0.0029 BTC | ETH | 0.01 BTC | 0.15 BTC | **0.041 BTC**

Free-Vacation-4313

Welcome aboard! Keep stacking them SATS 👊🏻

biba8163

Reminder, Alt ratios ALWAYS go back to and below their initial BTC value meaning long term, ETH is waaay overpriced. | | Initial | High | Current | |:-----------|------------:|:------------:|:------------:| | LTC | 0.03 BTC| 0.048 BTC | 0.001 BTC | XRP | 5,594 SATS| 22,500 SATS | 940 SATS | XMR | 0.005 BTC| 0.035 BTC | 0.0029 BTC | ETH | 0.01 BTC | 0.15 BTC | **0.041 BTC**   Reminder, ETH is an Alt. Alts cannot CANNOT attract capital on their own. ETH as an Alt only appreciates and attracts capital after money flows into BTC and flows out seeking more profit. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021   Reminder, ETH is an Alt and the its ETF has zero ability to attract money when BTC is not in a bullrun. | | Net Inflows | |:-----------|------------:| | BTC | +$16.9 Billion| | ETH | -$570 Million|

Haunting-Student-756

If you have knee pads… you can find more SATS

0x456

Hey! What's SATS? I see at as a part of Bitcoin ecosystem on Coingecko. Why is the value of SATS not proportional to BTC?

HesitantInvestor0

What I don't like is that everyone in this space is hyper bullish and incapable of any criticism or concern. Everything is bullish to them, and there is no limit to that. Peter Dunworth recently talked to Robin and said he wouldn't be surprised if 100,000 SATS could buy a house some day in the next twenty years. For that to happen, assuming prices of homes only double (they'll likely do much more than that", Bitcoin would be somewhere around a BILLION per coin. 21 quadrillion market cap. It's a nearly 17,000x from here. And did Robin push back or ask how that is possible? Nope. Fuck it, it aligns with his blindly bullish view. I think this space is going to continue to suck until people can at the very least contend with the unlikely nature of their predictions. Peter Dunworth should have been asked to justify his opinion. Something along the lines of "If Bitcoin reaches your prediction, it puts the cap at 21 quadrillion. That would be 40x the current amount of global wealth. How is this possible? Is your assumption that Bitcoin takes 100% of wealth? Do you think Bitcoin takes 10% but global wealth somehow explodes to 210 quadrillion? What do other assets look like in this scenario?" The fact he can let crazy shit be spoken and not even feel the need to expand makes him useless in this space IMO. Seems like a nice guy, but watching a nice guy be delusional is not worth my time.

The-BTC-Hodler

The price will go up leading to the 18th, on the day itself it will crash - because that's what always happens; buy the rumor, sell the news. Except it's not really a 'rumor' this time around, as the FED has already confirmed they will cut. But still, people will be people (read: NPCs). Too many will (try to) take profit. After that, down the gutter again for the second half of September, and then it's probably go time in October. And with that, I mean we might come close to March's ATH, even slightly break it, push $80k and whatnot. Not the actual start of the bull run (yet). I believe they've said that they're looking to cut 4 more times, but only each quarter in 2025. The bull run will probably 'officially' start somewhere around the next cut, as that's the start of a longer series of cuts. Just my two SATS.

ElDiabloRamon

I personally don’t think a majority of boomers will do this. HOWEVER… there are some in the boomer age bracket who are in the IT feild, would want to buy in just to be a part of history in the advancement of new tech like the birth of the internet, or owning a commodore64…. I think the REAL wave of new Retail Investors like myself, will be from Gen-X, all the way down to Gen-Z when the markets start to really move in our favor again. Personally I am hoping this down turn lasts till December, so I and others can stock up SATS till I hit my investment goals.to at least build up to 0.3 SATs for me, and another for my church.

discoshadow

SATS1000?

AllCapNoBrake

You can get onto cashapp/venmo/strike and buy $1 worth of SATS. Stop the cap.

Haunting-Student-756

Sooo little BTC 😭 BILLIONS of useless women (and men). Tell pops I will buy him a beer. I read the white paper on bitcoin talk, knew about faucet / captchas and didn’t start stacking until 2019 😂 Hope pops got some SATS.

botch07

SATS is short for SATOSHIS of which there are 100,000,000 satoshis in 1 Bitcoin. You need to make an account at any big crypto exchange and purchase 0.00001 BTC (Bitcoin) and you will now own 1000 SATS. Welcome to the community and STACK ON!

Haunting-Student-756

I sell $5 wrenches for 3000 SATS. Business is booming 

SheWantsTheDan

BTC is a journey brother. It's helping fight off inflation. You spent some SATS today, but you'll buy some new SATS next month (or year). Regardless, you'll start stacking again. See you on the moon.

whalecaller

Don’t talk about Bitcoin, don’t try and convince anyone. WOULD YOU LET SOMEONE ELSE STACK YOUR SATS?

AllCapNoBrake

Remember doing a little something strange for a lil piece of SATS isn't gay, if you're doing it because you need to.

ElDiabloRamon

NICE! You are STILL EARLY! Keep stacking those SATS!

Haunting-Student-756

This is good advice. Live cheap and stack SATS

MasterOfReallity

Is it just me that's concerned that the growth will slow down and the inflation rate will start creeping in? Since the annual growth of BTC isn't as big as it used to be and is going down. So I feel like I won't make anything significant. I know most people don't have any SATS but even now still feels way too late.

2FangsInYa

Love this !! I didn't discover faucets until 2017, been smashing ever since. May not be much, year after year I've got a lot of nice stacks. When BTC was 3k to 4k for a year, just playing games on these sites paid a lot of SATS.

AllCapNoBrake

1 house is paid off the other is at 2.25% w/ \~5 years left (I was actually paying it down...then started stacking SATS). About that multisig set-up...I feel that will be my acheles. I'm a single guy with no kids, but I defeintly want to leave my bag behind to help out non-profits, so I need to figure out the best multisig route for longterm.

Haunting-Student-756

Stay humble Stack SATS Eat frogs

bnova21

Swan bitcoin has free automatic withdrawals but there are a few catches - The first is how long you have to wait until you can auto withdrawal which they call the locking period to prevent reverse charge back fraud Bitcoin Purchase Method Locking Period Wires, Direct Deposit, BTC Deposits, & Referral BTC - Up to 24 Hours Instant ACH < $2,500 10 days for most customers; 5 days for long-standing customers. Instant ACH ≥ $2,500 30 days for most customers; 10 days for long-standing customers. Recurring ACH < $2,500/month 10 days Recurring ACH ≥ $2,500/month 30 days Gifts 30 days The second is: there is a minimum amount you can auto withdrawal - It’s .01 bitcoin or 1,000,000 SATS I’ve been using Swan for 3 years without any problems

Haunting-Student-756

Ignore haters OP. I was like you OP. Gobbling up SATS at $15K like 🌈🦃

Ok-Employment7575

Whats SATS? 1000sats?

BitcoinMaxiBurger

Unfortunately, the chance of using sats as unit of measure has now diminished because there is a shitcoin named SATS.

customtoggle

Yet. There is no use case yet. It's only been 16 years man, eventually somebody will find a use for bitcoin, but until then we can only spaculate and STACK SATS 😎

AdvantageWeird9348

I guess there are more SATS then Leica’s around

Smooth_Pianist485

You should encourage that guy to stop spending his immortal SATS on temporary physical items. That’s what fiat is for.

onesculpt

FCK😱 and I bought more SATS right now 😅

AgenticBuilder

Huh? Cost of living is irrelevant to currency used if it has denominations low enough to be practical. If a Big Mac is 5 USD in New York and 2.5 USD in Delhi. It will cost 2M SATS in New York and 1M SATS in Delhi. 50-80% of global population own a smartphone (aka computer).

Tarado96

In other words, HODL and stash SATS.

Suspicious-Local-901

If you think getting SATS on reddit is nice, you should really check out Nostr 😉

CartographerKey2414

Work hard. Stay humble. Stack SATS

blueleaf_in_the_wind

0.017 club here too bruh. I just got in. It will be higher in a few days. Money comes in tomorrow. GIMME DEM SATS.

AlpineJim83

Yea or call it SATS

Tarado96

Just stack SATS. People are going to end up losing their bitcoins due to high volatility, or spend fiat money on stuff they don't need.

AllCapNoBrake

I'm not trading my SATS for ANYTHING that walmart is pedaling.

ElonaMusk212

Congrats on the .01 !!! 1 Million SATS baby!!!!

Manofgawdgaming2022

This comment suggests you probably only have like $25 in BTC or something lmao. You definitely don’t stack my guy. Cry harder maybe your tears will turn into SATS

splinternista

1SATS is 0.000609 USD It's still so cheap Sats are the standard in the Bitcoin Lightning Network. As the Lightning Network grows, I think sats will become the general standard and that the price of Bitcoin will be measured in sats."

Putrid-Operation-719

what is SATS?

Maximum_Mind_9960

I think we’re all sharing the same grievances. What is being conveyed through the responses thus far is that people *should* understand how simple it is to own only a fraction. I suppose the next thing to surmise is that a majority of people will have to learn the hard way. I truly want to help people get the into a Bitcoin position before the price they deserve so to speak. Wallet of Satoshi is the only app I have seen that easily toggles between SATS. When I gave my Nanny a $100 and she saw 150,000 SATS she was so stoked. However, she easily understood that when I sent her $100 and 3 months later it was $150 that it was more dollars. She’s also Colombian and the best selling point was the ease of use transferring BTC to her parents back in Colombia. This is all to say that I’m eluding to an American problem. I think people of poorer countries “get it” much easier. They don’t even need some long winded orange pill discussion. They have an immediate use case to solve. Meanwhile, all these blue collar workers “can’t afford” Bitcoin while going out to eat everyday and buying a side by side or some other consumer goods.

LegitFreeMoneyApps

It won’t make you rich but you can mine SATS (small amounts of bitcoin) 24 hours a day on the Ember app and enter free contests to win more. Its available on the App Store and if you join using my referral you’ll earn 5X more bitcoin than just signing up!! Referral Code: MNGSCODNFY6 https://emberfund.onelink.me/ljTI/bce33290/?mining_referrer_id=MNGSCODNFY6

Digableplanet_13

Hello Bitcoin Fam, What happens if Bitcoin goes Skyrocket, what happens with Sats? Does it grow in value? Does someone give me the explanation in what content, Because if I play a game what makes you earn SATS is the dust on long term, becoming like Gold dust of crypto currency?

Ok_Rabbit_8808

Only SATS matter. The sooner you realize that, the better.

KlearCat

> Is this a tactic to get people to download the app? It's a tactic to prevent loss of coin due to someone hacking someone's account. > All I want is the cheapest SATS that I can withdraw without an issue. You could easily generate your next few weeks of addresses and start the approval process early so when it's that week you can send them. > It's frustrating, but I survived waiting a week to get my sats off To be frank, your lack of patience for a week to withdraw verges on ridiculous. Also the fact that you are buying with market orders (and not limit orders) yet worried about fees is also bizarre. And if you are consolidating your coin eventually, then I don't understand why you are worried about re-using an address. If you weren't consolidating them then I could see keeping them separate under 1 recovery seed umbrella.

craneguy2024

We have something similar in Canada with Shakepay... Use their card for purchases and get SATS back... It is a good way to accumulate, just debit as usual and voila... Stacked daily

analogOnly

If I *ONLY* have 1,000,000 SATS, you're broke

djblt

1,000,000 SATS = 0.01 BTC. At the current price 694 bucks. *"If I have 1,000,000 SATS I’m what?"* - You are broke

mrlearningscholar

Look I'm trying to make a profit while I can. Nothing wrong with it. Eventually any share value in any company will be converted to bitcoin when it gets adopted. And while these trend is growing I'm taking advantage of it for a profit in the early days. Plus I'm a huge stock bug. I literally live in the stock market. 😭 this is a HUGE PROFIT OPPORTUNITY. BUT YES BUY BITCOIN TO. BE HUMBLE STACK SATS

xcits

Don’t worry about how much others have stack your SATS & HODL don’t matter if it’s 10 50 100 1000 you STACK NEVER DO WHAT? SELL!! NEVER DO WHAT? SELL!! HODL till 2030 at least brother!

Remarkable-Sell-9929

Absolutely it’s worth it. Keep on DCAing. Don’t compare yourself to anyone else. This is a long term hold. When BTC is at $250k, $500k and a $mill you’ll be sitting pretty. It’s up 61% this year alone. That’s performing better than any stock. Keep stacking those SATS and don’t look back. You’re doing the right thing. 💪💪

analogOnly

Sure, I agree. But forcing people to buy BTC in SATS on a CEX would be a good start.

analogOnly

Exchanges to list BTC orders in SATS instead of BTC. so instead of 0.00000100 BTC it is 100 SATs

Zealousideal_Neck78

Stack SATS, that will be the game.

CiliciumTam552

Can't blame them, clicks = SATS, sadly.

highnotefan

What's SATS?

mqpickens

For me, it's not "allocation" It's adoption! Every investment is priced in SATS, including dollars. If the asset is going down in SATS, then it must be sold for SATS!

Local_Doubt_4029

Love this....I agree, I have 5.08 BTC, but 508,000,000 SATS sounds like I am rich...lol.

052FTT

It's a convenient way to stack SATS by running a fancy heater/purifier. It's probably the easiest way to start Bitcoin mining because all other options are gimmicky, as ASIC miners were not designed to be run in regular homes. Don't expect to get any significant returns. This applies to mining in general, unless you have dirt-cheap electricity.

CryptoDad2100

They don't accept crypto. They accept fiat after it's converted from crypto. Your haircut isn't price in 10,000 SATS, it's price in $X which you can pay for with this crypto or that crypto. It's fiat with extra steps. People are dense af and refuse to get this.

GetBent1990

BTC SATS will replace the Yen... that is only the start.

GetBent1990

After ALOT of reading BTC is the way and SATS will pave the wave to something great for sure.

GetBent1990

Been shopping around for this. Going to sell my ETF once it averages out. What's your suggestion on wallets? I only have about 1m SATS but don't trust RH Wallet.

GetBent1990

2,100,000,000,000,000 SATS

willfifa

I read something recently that in the current economy inflation helps companies remain productive because wage growth is less likely to keep up with inflation. There's absolutely no way any large company would agree to pay you in a fixed amounts of SATS - especially because it would be impossible to account for/forecast.

AllCapNoBrake

You can buy $1 USD from CashApp and Strike and get 1500'ish SATS.

FixedGearJunkie

Technically yea if those SATS are worth more than you paid to acquire them...which if you've had them more than a few years is likely the case.

P2PTrades

TRAC, SATS, RATS, ORDI, TAP, GIB, NATCATS, BITMAPS. That’ll keep busy for while.

BothMathematician153

Coinbase says they have lightning address, could SATS sent there be staked?

hitma-n

Good for you on selling your public bench and putting it into more SATS!

1Lost_King1

Yeah imagine 100 SATS in future, like 100k For 500-1k sats you probably will be able to buy house

AddressWinter3046

Stay humble and stack SATS there is only few rules

DeviljhoFood

stay humble₿stack sats₿STACK SATS₿₿₿🫡

HighlightTiny9896

IT’S ABOUT THE SATS PURCHASING POWER, NOT THE FIAT PRICE its safe to say, in 15 to 20 years the Satoshi Standard will be adopted, and one million Satoshis also know as Satillionaire will support a family for generations, like one million dollars did back in the 19th century. it’s a good idea to own one million Satoshis or more “just in case”; "keep on buying and holding Satoshi you been WARNED"

Cyber_Amoeba

Stay humble and STACK THEM SATS!

cross0522

More than 99%!! Bet she doesn't even own any. Keep stacking SATS🚀🚀 It will be life changing!

cross0522

Congratulations!! More than 99%. Keep adding SATS! 🚀🚀

bigbarryb

You might have come across the wildly popular but secretly evil Coinbase. They happened to have listed a SHITCOIN (aka a cryptocurrency coin that has NOTHING to do with Bitcoin) called SAT (or SATS, I don't remember). SO... sats, or satoshis are the smallest subunit of Bitcoin. 100,000,000 sats = 1 BTC. It does not go up in value any faster or slower than Bitcoin because it IS bitcoin. Another fun fact, a "coinbase transaction", often called "the coinbase", is the transaction in each block that issues the reward for mining to miners. The company took the name because nothing in a free and open sourced project is patented or licensed and so they have been free to screw over the public by intentionally clouding the meaning of words in order to redirect them and convince them to gamble their life savings away... instead of learning what Bitcoin really is and using it sensibly. /end rant.

BurnerJerkzog

BOFA as in Bank of America, which is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. Could be adding some SATS to their ledger, along with both of Deez nuts.

MaikyMoto

I just bought 5K SATS, now all I need is the coin to hit $1,000,000,000,000.00 and I can finally retire in peace.

bnova21

100,000,000 SATS (Satoshis) equals 1 Bitcoin. SATS to a bitcoin are like cents to a dollar except instead of being able to break a dollar into 100 smaller pieces - you can break one bitcoin into 100 million pieces. It’s so you can spend less than one bitcoin and pay for small thing with it or invest in smaller pieces of a bitcoin. At bitcoin’s current price 1738 SATs are worth 1 dollar.

m594

Mine, too. I have only a few SATS left :'(

Smooth_Pianist485

If this is a serious post… I lost a lot of btc when I first began investing because I felt behind and thought I could catch up by earning yield. I deposited my bitcoin at BlockFi and Celsius and learned the “not your keys not your coins” lesson the hard way. Perhaps the most user friendly aspect of bitcoin is the ability to self-custody and remove your capital from the threat of third party confiscation. Don’t sleep on this! Buy a $50 hardware wallet and OWN YOUR SATS.

AllCapNoBrake

Download CashApp or Venmo and start stacking SATS. /thread

Tiny-Abbreviations45

Nono, they are the same thing. 1BTC = 100 millions of SATS (if I am correct). So when someone says "stak more sats" he is pointing out that in the future BTC could be roughly 100 millions of dollars per coin, so 1 satoshi will be equal to 1 dollar. So with 0.01 USD you can buy 0,000016 BTC but its prettier to say you buy 1600 sats

Interesting_Ebb9052

No I don’t give them my sats.. they can have my printed money out of thin air I don’t care but I WONT SELL MY SATS TO THEM