Post
Topic
Board Economics
Re: advantages of trading satoshis instead of whole bitcoins
by
serjent05
on 08/09/2017, 02:52:01 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?

There is a huge disadvantage in trading in satoshis, it will take most of your time selling and buying in satoshi, unlike if you buy them in whole bitcoin.  Aside from that fee is the same anyway.  People can chose to buy part of bitcoin, your Idea is already been used in practice.  Most who cannot afford to buy a whole of bitcoin buy part of it.  there is no rule in exchange to buya whole of Bitcoin.