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29 sats \ 7 replies \ @LOSTandUNFOUNDS 8 Aug \ on: How much are sats worth to you? bitcoin
My mindset is that sats are priceless. Up and to the right as they say. 500 sats is about .35 USD today, but a 10x, 100x, or 1,000x in the future for the work of yesterday unlocks infinite possibilities!!! 🚀
Try to reflect on how you actually treat it. I'm guessing that you'd pay 1000 sats for a new car, if that offer were on the table.
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I would say, that it depends on how much I need that car. I would probably prefer to first look at today’s value, my ability to replace what spend, and my time preference.
If I had 2BTC to buy a house today outright, would I spend it? Probably not because I know in another 4 years or so it will cost me less, in 8 years maybe only 10M sats?
I think that’s what makes Bitcoin so great. Every spend is a conscious thought. It forces us to be more disciplined and mindful of our consumerist mindsets.
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I would like to add, that even taking a “pay cut” from a fiat mining job, is often worth it, so maybe if I quantify it this way, I would say maybe I would offer the highest cut around 50%? But if it were something I enjoyed doing I may even give a larger discount for my services.
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That implies a present valuation of about $120k per BTC, which I think is 100 sats = 12 cents
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Ahhh! I like that valuation, it makes sense from that standpoint. I definitely think it’s worth more from a projection stand point. I think Bitcoin is criminally undervalued and that is only due to government regulation.
I think this next wave takes us to that $125-150K range so I can stand with your estimation.
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My personal valuation hasn't changed much in the past year. I still think sat-cent parity is a very reasonable valuation.
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I like it, but what increases value to me is that sats are borderless pennies!
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