Bitcoin Is Dirt Cheap - The Trouble With Unit Bias
Hey Jesscoiners
As Bitcoin begins to surge in price crushing its previous all-time highs old coiners are celebrating as they should, you held on and believed in it for so long, and you should be rewarded for that belief. I would understand if some would like to take profits, I mean anyone who bought at any price previously would be in profit.
Those who chose to ignore Bitcoin may continue to ignore it while others are starting to take an interest in this fledgeling new asset class that refuses to go away. There are so many ways to dismiss Bitcoin; I've heard them all before, I understand where you're coming from, and you have every right not to believe in it.
I encourage everyone to only invest in things they have conviction in and not to do anything they are not comfortable with if you can't sleep at night because of a certain position, it's not worth the stress, sell it down to where you are comfortable and hold things you like, be it gold, cash, stocks, bonds, ETF's I don't really care what other people do with their money.
But Bitcoin is too expensive
As I said everyone's got a reason as to why they don't want to get into Bitcoin, and one of the popular ones is they don't have 20k USD to spend on a Bitcoin. The idea of having an entire Bitcoin is attractive, I get it, I'd love to be a whole coiner myself, but as it runs up in price, the number of people with the capital to do that grows smaller and smaller.
Eventually, no one will be able to become a whole-coiner, and we all have to deal with living off Satoshis. Measuring units in Bitcoin to me is antiquated; it serves no purpose and will continue to become even less relevant as we move into the sage of the Satoshi.
Bitcoin is NOT expensive; you can pick up 1000s of Satoshis for 1 dollar, to me it's ab absolute steal. If I can pick up 1000s of Satoshis that will eventually have the purchasing power of $0.01 at a ridiculous premium, then I am going to do it.
The Satoshi is seen to some as a shit coin, but it is Bitcoin none the less, A Satoshi, is a Bitcoin.
Unit bias will see you lose out
I haven't used high school math in years, but now suddenly everyone wants to talk fractions and have the psychological basis to 1 or whole being good and anything else being less than if you feel that way hand me all your satoshis I'd gladly take it off your hands.
If you're holding off waiting for a dip so you can own a full Bitcoin, I have bad news for most of you, that isn't going to happen, so you best get used to throwing that unit bias out the window or have a bias towards satoshis like I do.
$0.01 gets you 44 Sats today; that's 43 more than you should be getting for that price, as things continue on the way it's going. If that's not a bargain, I don't know what is, how much cheaper do you need it to be before you buy in?
You can wait, and debate but all you're doing is giving others more time to take those Satoshis off the market.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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