Golfing and stacking sats = sanity in todays world
Stay humble and stack sats
Stay humble and stack sats
Stay humble and stack sats
go be great.
Go be great
My boy texted me and asked, What are sats?
My response:
So when bitcoin was first created, Satoshi released a white paper basically explaining the technology. In the white paper Satoshi never mentioned bitcoin, they mentioned Satoshi’s. One bitcoin is equal to 100 million Satoshi‘s.
Think of sats this way.
100,000,000 Satoshis = 1 Bitcoin.
100 cents = 1 dollar
Sats are the smallest denomination of Bitcoin.
But today, 1 sat = $94,000 / 100,000,000, or $.00094
So 1 sat today = $.00094
When Bitcoin goes to $450,000
1 sat = $.0045
When Bitcoin goes to 1mill
1 sat = $.01
Bitcoin at 10mill
1 sat = $.1
Bitcoin at 100mill
1 sat = $1
But, the higher the price of 1 full bitcoin, the lower # of sats you will be able to buy for $1.
Example: when bitcoin was $40,000 per bitcoin.
1 sat was = $.0004
Today 1 sat = $.00094
When Bitcoin was at 10,000
1 sat = $.0001
You can buy 1,063 sats for $1 today.
Those sats will always appreciate in value.
And the amount of sats you own will always remain the same amount.
So unlike dollars, which when more dollars are printed, prices of goods increase, and your dollars seemingly buy less goods. This is called purchasing power risk.
When more bitcoin are issued, your sats preserve their purchasing power and you don’t have “less sats”.
It’s crazy.
$1000 buys you 1.063 million or so sats.
And no doubt bitcoin will be at 100 million per coin in our lifetime and that means u will be a millionaire in dollar terms.
Yes 100 mill sounds crazy but it’ll happen. Way sooner than anyone thinks.
Lemme walk u thru the calculation and u can do the same for any dollar amount.
It’s so cool.
To start:
1) take the dollar amount u want to invest in Bitcoin at anytime and divide it by the price of 1 bitcoin. So:
$300 / $94,000 = .00319
2) Then you multiply that number (which is how much bitcoin you buy) by 100,000,000. The 100 million is just the amount of satoshis in one bitcoin. That leaves you with:
.00319 x 100,000,000 = 319,000 sats.
3) total cost was $300 for 319,000 sats.
If you want to just speculate.
When bitcoins price is at $150,000
Your sats are worth:
$150,000 / 100,000,000 = $.0015
$.0015 per sat x 319,000 sats (the amount you initially bought for $300) is now worth = $478.5
But in 10-12 years when bitcoins at $10 million per coin or higher
Let’s just say $2 million to be conservative.
$2,000,000 / 100,000,000 = $.02
$.02 x 319,000 = $6,380
That’s why “stacking sats” is so fucking valuable. You legit can buy financial freedom for your future today.
And some people think they can’t buy bitcoin bc it’s 94k per bitcoin. Little do they know you can buy $.00094 of bitcoin and get 1 sat.
That’s a lot of info.
But read it and try to understand because it’s mind boggling and mind blowing.
It legit turns everything we learn upside down.
This is the rat race.
Why would I use another dollar or save for my future in a dollar that another man can print.
Now I can save for my future in bitcoin.
#sats
Go be great