A puzzle

I thought of this idea for a simple puzzle yesterday, but I'm surprised that I've never seen it before. I've been an avid puzzler since I was a child, and most puzzles of this sort I've already seen by now. Maybe I have seen it and just don't remember.

Where in this sequence should the digit 1 be placed?

8 5 4 9 7 6 3 2 0

To be clear, it can go between any two of the digits or before or after the entire list.

If your immediate reaction is to say "I hate number puzzles, I suck at these, I'll never get it," give it a try anyway. It might not be the puzzle you think it is.