Saturday, 1 January 2022

Buying cheap sats

One bitcoin will always be worth one bitcoin.

One million sats will always be worth one million sats.

When purchasing sats, its a different perspective. We purchase these with whatever fiat money we are using.

So, what im getting at is - people always say the price of Bitcoin doesn't matter. But, if you spend $500 at a certain point in time and receive Five million sats, and at another point in time the purchasing power of the $500 dollars is only getting you One million sats. It must matter from a personal point of view when you're spending more fiat money to receive less sats?

Im in this for the long haul but I always try and buy when the price is lower to obviously get more sats. Sometime I feel a bit annoyed when purchasing at higher prices. Does anybody else think this way? It would be good to hear other peoples buying strategy and how they think towards the price.

submitted by /u/moanmoremattmyers
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