You don't need to own a full coin

I keep seeing lots of posts about people worried that the price is going up so much that they'll never get a chance to own a full coin.

We need to take a step back and look at the psychology of this and why people are coming up with this thought.

First of all the word "Bitcoin" contains the word "coin" in it. What we typically refer to as coins these days makes us think that they should be cheap and you should be able to obtain them very easily. The reason this is even like this is because the USD (I'm in the US so using our money as example) has constantly been inflating forever making 1 dollar the standard choice of use. 40 years ago coins could still buy you something so they didn't always come with a cheap connotation to them.

Secondly once you get past the name you need to come to the realization that 1 Bitcoin = 100,000,000 sats. At the point of mass adoption the general public will be lucky to even have 1,000 sats given that people can't even come up with $400 emergency money. Right now $1 USD buys you 5,591 sats. 20 years from now when you tell someone that you had the chance to get that many sats for a dollar they will be SOOOOOOOO jealous. Meanwhile now you're stressing you don't have 100,000,000.

Stressing at that is the same as someone getting upset that they don't have 1 billion dollars now. Wouldn't you be more than fine with 20 million now? Hell, you could live a great life with 2 million alone. If the answer is yes then 20,000,000 sats (0.2 bitcoin = $3,569) should make you filthy rich in the future.

Last, but not least you have to understand that 1 Bitcoin is literally just a label (an amount, a unit of measure) and not what's transacting through the network. For example in comparison we have pennies, nickels, dimes, quarters, etc.. I can give you 5 pennies or give you 1 nickel. On the bitcoin network the only thing that's transacting are sats. Sending a bitcoin is sending many sats. It's ONLY sats. 1 Bitcoin is merely just a label, not an actual "coin" per se.

Submitted November 19, 2020 at 03:09AM by Raverrevolution https://bit.ly/32WfDzH