Crypto 101

in hive-192766 •  3 years ago 

I see people are buying crypto based on the number of tokens they can buy cheap. Tokens like Shib, can offer 100s of thousands of units of coins for a few dollars and that somehow intrigues the public as a good investment.

Apparently, they compare the value of 1 bitcoin and somehow assume, #Bitcoin is expensive and these other tokens are cheap hence it can appreciate a lot more. In that case, #Bitcoin can be looked at in #Satoshis that turns out to be 100million of them in each Bitcoin. In each #Ada you get 1 million #Lovelace.

I believe it's a wrong idea to perceive the number of coins instead of the values in the respective crypto technology and project.

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