Eliminate Unit Bias: Buy Satoshi not Bitcoin by shortsegments

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· @shortsegments ·
$8.90
Eliminate Unit Bias: Buy Satoshi not Bitcoin
# 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...


![1E2A2B63-8D03-4AD1-85AF-169A11DE2CB8_1_201_a.jpeg](https://cdn.steemitimages.com/DQmRXKsekLHzQGkX8ozzEgShZMxTWwgYJKhf2MWF9w4c1Kk/1E2A2B63-8D03-4AD1-85AF-169A11DE2CB8_1_201_a.jpeg)

[source](www.pixabay.com)



#### Unit Bias defined

>Unit Bias: The tendency for people to want to complete a unit of a given item or task. People believe there is an optimal unit size and want to get through to the end because they get satisfaction from completing it. 

[source](https://lirio.com/blog/unit-bias-lirio-bias-brief/)

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. And one million flies are worth less than one golden retriever.

While it is true that in the *market* things have value because people give them value, and 40 cent Doge is proof. But what would you rather have? One thousand lumps of coal or one diamond? 

**A lump of coal could become a diamond, but a diamond already is a diamond.** It doesn't have to do anything.

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 has a better chance of holding its 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 person. But on there's a mother way to think of your Bitcoin! In Satoshi!

#### There are 100,000,000 Satoshi in one Bitcoin

Yes, 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 Satoshinaire!
I think that's a good start on becoming a Millionaire! 

#### So change your point of view, buy and save 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.
And when you buy Bitcoin you can see how its denominated with Satoshi converters like this [one](https://www.finder.com/satoshi-to-bitcoin-conversion-calculator) 
 

#### So buy Bitcoin and join our community


![1E2A2B63-8D03-4AD1-85AF-169A11DE2CB8_1_201_a.jpeg](https://cdn.steemitimages.com/DQmRXKsekLHzQGkX8ozzEgShZMxTWwgYJKhf2MWF9w4c1Kk/1E2A2B63-8D03-4AD1-85AF-169A11DE2CB8_1_201_a.jpeg)

So I suggest you buy Bitcoin, and **Stack Sats** or **Save Satoshi.** Buy Bitcoin or Ethereum, and start learning about cryptocurrency. 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 it is, there's 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


![1592F166-FF4C-4A5D-A903-259F7393FC1F.jpeg](https://cdn.steemitimages.com/DQmejYqGdFda6pmzFoGRLpuxkJjRUJt429TY2y1GkvHC57r/1592F166-FF4C-4A5D-A903-259F7393FC1F.jpeg)



#### Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance, where finance meets technology.
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vote details (292)
@chesatochi ·
I think you have brought a good perspective of value.
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@shortsegments ·
Thank you!
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@valchiz ·
Interesting information. Thanks
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@trabajosdelsiglo ·
hello @shortsegments,
I think one of the things that stops people from buying btc is that it has a very high price and while everyone wants it to reach 200k, the reality is that the possibility of a big market correction grows every day and that is why nobody wants to buy an asset that is overvalued, what stops them is the fear of losing money on their investment.
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