Buy Satoshi, not Bitcoin, to eliminate unit bias in investing.

Yes Satoshi not Bitcoin

Some of you are no doubt thinking Satoshi? not Bitcoin? Aren't they the same thing?

Yes and No...

Unit Bias defined

Unit Bias: The tendency for people to want to complete a unit of a given item or task. People are taught to clean their plate, eat all your sandwich, drink all your milk, etc.. Finish a whole unit, and we buy we buy a whole unit. People consume and buy units and they get satisfaction from completing it.

source

I think in the case of investing, it becomes the strong desire to own at least one of something.

Unit Bias as it applies to Bitcoin

But I think when they see the price of one Bitcoin was 60k and is now 49k as I write this, they think Bitcoin is to expensive, but Doge is cheap! I can get a thousand of them, or ten thousand, or more... It's better to have 1000 or 10,000 of something, then it is to have 1 of something, right? Actually no, quantity doesn't actually dictate value, value does. For example, one diamond is worth more than 1000 lumps of coal. What would you rather have? One thousand lumps of coal or one diamond?

Value : does 1000 Satoshis have value

Some might feel that 1000 Doge or 1000 Moonbeam have more value then 1000 Satoshis. Well a Doge is not Bitcoin. But a Satoshis is Bitcoin.

Example:

A lump of coal could become a diamond, but a diamond already is a diamond. It is the same with Doge and Bitcoin. Doge could become the next Bitcoin, but Bitcoin is already Bitcoin. So why not just buy Bitcoin. Even if you love Doge Coin memes, I think you get the point that Bitcoin is a better value.

But we are still left with the psychological hurdle of one Bitcoin costs 49k.

If you buy $500 dollars worth of Bitcoin, you get 0.015 Bitcoin. A tiny amount, and its deflating to the average investor. But on there's another way to think of your Bitcoin investment, and that is in Satoshi!

Do you want to be a Satoshi Millionaire?

There are 100,000,000 Satoshi in one Bitcoin. So instead of 0.015 Bitcoin for $500, you bought about 1.5 million Satoshi! Wow!
Now that's a big investment! Your already a millionaire in Satoshi! A Satoshinaire!

So change your point of view, and buy and hold Satoshi!

Bitcoin Maximalists are fond of calling their purchase of Bitcoin Stacking Sats and by Sats they mean Satoshi. I think this is a good mental framework for investing in Bitcoin.

Are you already a Bitcoin Investor? You may already be a Satoshi millionaire! You can find out here with Satoshi converters like this one

Buy Bitcoin and join our community

I suggest you buy Bitcoin, and start Stacking Sats. I also hope you buy a small quantity of Hive and Leo, and start blogging, video blogging or in some other way sharing your content on Hive or Leofinance.

What ever your passion or interest is, there’s probably a community for it here: art, photography, writing short stores or memes.

In truth, anything you can do to bring value to this community will be rewarded in terms of friendships, networking, knowledge and perhaps financial rewards as well. Remember that money will come and go, but friends and knowledge are priceless.

✍️ by @shortsegments

Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance, where finance meets technology.

Eliminate Unit Bias: Buy Satoshi not Bitcoin