Quote from: slothbag on April 12, 2013, 12:57:53 AM

But nobody quotes in satoshi's. everyone quotes in bitcoin (the whole unit) of which there is only 21m. If everyone was quoting in satoshi's then 1usd = 0.00000266 doesn't sound very over priced does it.

I'm just saying the high valuation caused from quoting in bitcoin whole units makes it SOUND over valued.

Agreed, there is certainly a psychological factor to it, which is why as someone who only got into this recently I purchased litecoins more heavily.

Yes, BTC is divisible to the 8th digit or whatever, but IMO most non mathematically-inclined people are not instinctively comfortable with dealing in fractions. I wouldn't be surprised if a significant minority (or greater) doesn't understand the different between .1 and .01.

edit: Then again, as time passes and payment systems such as BTC debit cards and smart phone apps are developed and popularized, this problem with perception might work itself out.