Bitcoin worth in Satoshi

[Kariuki]

We all know the price of Bitcoin is very expensive , to get one bitcoin it can be ages, so I had a suggestion , what if the fraction of bitcoin which is 1 satoshi, could be given value.

 but another problem came up, the price of transacting bitcoin is usually very high and so its important we look at it again, because, for example, I once moved 50$ worth of bitcoin and the price of transaction was so high that we have to really recharge it, and it is left to be less desired.

What if we reduce the transaction fee, which is what ripple has done, but we make the price of satoshi be 1 cent, could that help us,  certainly because if I wanted to buy something and I have about 1000 satoshis, then it would be easy for me to buy  but we have to take steps in making the transaction fee as little as possible.

What do you think people can the price of bitcoin be changed and give a satoshi value.

[Aiza824]

No, that alone defeats the purpose of Bitcoin competing against the dollar. If you prefer to do things this way (projecting every unit to have a value), you could always exchange your satoshis to stablecoins.

[Sunskid01]

23 minutes ago, Aiza824 said:

No, that alone defeats the purpose of Bitcoin competing against the dollar. If you prefer to do things this way (projecting every unit to have a value), you could always exchange your satoshis to stablecoins.

Yes sure I agree with you my friend

[Shujah]

2 hours ago, Kariuki said:

We all know the price of Bitcoin is very expensive , to get one bitcoin it can be ages, so I had a suggestion , what if the fraction of bitcoin which is 1 satoshi, could be given value.

 but another problem came up, the price of transacting bitcoin is usually very high and so its important we look at it again, because, for example, I once moved 50$ worth of bitcoin and the price of transaction was so high that we have to really recharge it, and it is left to be less desired.

What if we reduce the transaction fee, which is what ripple has done, but we make the price of satoshi be 1 cent, could that help us,  certainly because if I wanted to buy something and I have about 1000 satoshis, then it would be easy for me to buy  but we have to take steps in making the transaction fee as little as possible.

What do you think people can the price of bitcoin be changed and give a satoshi value.

This is the only problem in bitcoin that transaction fees are higher then usd, if you use perfect Money or other usd digital currencies they have low feeses. 

[Ali saher]

I think this is good idea but I think this thing not possible because transaction fee value up and down I not think transaction fee very high because if you sent big amount you not feel this.

[JacksonPalmer]

i don't think you can just magically give a satoshi the value you want, this is not how the market works. also this is not how bitcoin works. the amazing thing about cryptocurrencies is though that there are million different coins out there and you could just use the one that fits whatever you want the cryptocurrency to be. Nobody is forcing you to just use bitcoin.

[sahil777]

you said we .... but we cant do this, we are nobody to set the price of bitcoin or any other currency, actually no one can its totaly depend on mining and circulating supply and trading, so we can just go with the current price, if you want to buy something in sats then save them and make enough to use that, its better option.

[reebox]

That won't be possible because the fee from our transaction is given to the miners and also the amount of bitcoin is getting smaller and the fee will be more expensive so the fee cannot be reduced because it has been adjusted to the number of bitcoins that are on the market.

[Hassan2121]

Price of bitcoin have been rising and falling but rightnow the price of bitcoin is about 6,800 satoshi

[Wassouf]

That's right, bitcoin transaction fees are very expensive compared to other cryptocurrencies, so I convert bitcoin to ethereum before starting transactions because its fees are much lower.