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/biz/ - Business & Finance

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3893132 No.3893132 [Reply] [Original]

If BTC is not infinitely divisible, what stops me from doing a token at the minimum satoshi price so it can literally never going for less than it starts? (Unless, you know, BTC dips)

>> No.3893140

>>3893132
just buy chainlink, it will be 1 satoshi each soon

>> No.3893151

>>3893132

Because it can always go lower. That would be 0 and you'd immediately lose your entire investment.

>> No.3893153

just buy 1 cent stocks, they can't go any lower so it's guaranteed profit or you lose nothing

>> No.3893171

>>3893140
kek

>> No.3893182
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3893182

>>3893151
Please, no.

>> No.3893190

Because you probably will never find someone willing to buy it back for you when you decide to sell. It will stay 1 Satoshi with hundreds of millions of coins and nobody buying them, meaning its actual value is 0.

>> No.3893194

>>3893132
Only 1 sat, sir? I think some of you guys get last price confused with next price.

For practical understanding go further along the coinmarketcap pages and check out some of the 'low vol' coins, what you are learning is that last price means last price, and market cap is merely a calculation based on this.

>> No.3893396

>>3893132
Satoshi's aren't divisible on the network, but they are still divisible.

Think of cents. 1 cent is technically the smallest unit of fiat, but you can pay for things in fractions of a cent (think buying fuel, or banking). It's just a transaction on a ledger.

BTC is no different. An external ledger (say a banks accounting system) can trade fractions of satoshi's if it wants, because it's just an arbitrary unit of accounting.