Post
Topic
Board Economics
Re: advantages of trading satoshis instead of whole bitcoins
by
Machanto
on 01/09/2017, 10:40:48 UTC
The high bitcoin price seems to be an obstacle for people who want to invest in it. Some may think, buying only a fraction of a bitcoin makes no sense. what should they do with less then 1 bitcoin?

Why not start listening and trading satoshis on exchanges? People who can not afford an whole bitcoin can buy thousands of satoshis. Of course, that has the same value and everything, but some folks it may help to feel better. I think this would help to become bitcoin more mainstream.

Google did something similar with their stocks. The primary google stock become to expensive, so they started a cheaper one.

what do you think, does this make sense?

I wholeheartedly  agree with you, didn't notice that this was a problem until I started trading, wanted to day trade with my OMG and instead of selling my OMG for 220k satoshi I accidently typed 2200k If I wanted to buy that would've been disastrous.