if you dont know what a satoshi is u will soon. ok so we have all been either thinking about investing in bitcoin or already have. with the price of bitcoin going up the way it has and more and more people adopting it like banks countries, non profits, and tech companies etc. we can only expect it to sky rocket and more and more people to adopt it like restaurants, bars, liquor stores, grocery stores your local coffee shop etc. and since we really wouldn't pay 5k for a slice a pizza or a beer. it only makes sense to familiarize ourselves with smaller denominations and their (aka's) after all who calls a PENNY a 1 cent coin?? lol maybe some of you do...
5 cent=nickel
10 cent=dime
you get the point....
bitcoin is also know as BTC, XBT. Smaller amounts are also called millibitcoin, mbtc, microbitcoin sometimes referred to as bits or SATOSHI'S named after bitcoin's creator,
A satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin.
A millibitcoin equals to 0.001 bitcoin, one thousandth of a bitcoin.
One microbitcoin equals to 0.000001 bitcoin, one millionth of a bitcoin.
