What the hell is a Sat?
I asked myself this when I first got into the Bitcoin. For clarity, a sat, stands for Satoshi. Satoshi Nakamoto is coined to be the creator of Bitcoin. Who Satoshi the individual is, is not important. The Satoshi, as it relates to Bitcoin is everything. As I’ve stated in previous posts, buying a whole Bitcoin for the average person is not easy. However, just about anyone can buy Satoshis.
One Bitcoin is comprised of 100,000,000 Satoshis. If you think of it in dollars, one dollar is comprised of 100 cents. As of now, the US Dollar is the reserve currency for the world. Therefore, we view everything in dollars and cents. If you start to view currency through a Bitcoin lenses, you will start to think of purchases in Satoshi’s.
Satoshi is Bitcoin
Stacking Sats is simple. You buy as many Sats as possible until you get a full Bitcoin. Essentially “stacking” your small purchases to build a large balance. Currently Bitcoin is trading around $30,000 per Bitcoin. Using that value, 100,000,000 Satoshis equal $30,000 at this point in history. Breaking that down further, 1,000,000 Satoshis = $300 and 100,000 Satoshis = $30. As the price of Bitcoin goes up, the valuation of your Satoshis go up. When you stack Satoshis over time you are dollar cost averaging into Bitcoin (Read article here).
I believe Bitcoin and cryptocurrency is the future. In the future, the price of Bitcoin could very well be $1,000,000 per Bitcoin. Let’s break that down further: 1,000,000 Satoshis would equal $10,000 and 100,000 would equal $1000. If it sounds ridiculous, it’s because it is. Wouldn’t you rather be the ridiculous person that stacked some Sats when 100,000 Satoshis was $30 then when it is $1,000? If you still think this is ridiculous – this isn’t the site for you. However, if you are interested in stacking Sats, you can try stacking Sats through rewards.
At some point Bitcoin will be inevitable. The sooner you get in the market the more wealth you could potentially obtain. This is not financial advice, but in the future there will be two types of people. People who stacked Satoshis early and those who didn’t. Which one do you want to be? Out.
1 thought on “Satoshi? New phone who dis”
Pingback: Cryto terms - Do you understand what I'm saying? - bootsofthecoin.com