Hello everyone and today, I'll demonstrate why it's a lot easier to calculate the
Bitcoin buying power in Satoshi VS the Bitcoin buying power in Dollars.
How to utilise the Bitcoin buying power formula correctly.
Here a great graphic illustration on how this Bitcoin buying power formula works.
1) Input the Bitcoin Satoshi value of 1.0 into your calculator.
2) Divide it by your coin Satoshi value at the current price on the market or any
older date that you want to calculate.
3) This will equal to the coin unit (quantities) you can purchase with 1 full Bitcoin.
Try it under,
Important to use your chart in 'BTC' from Coin Market Cap site.
Lets apply the formula: Bitcoin Value 1.0 / Coin Satoshi = Units / Quantities
I'm sure someone will ask me this question, why not to calculate this Bitcoin buying power
in Dollars value?
Here my answer for that fictitious question that probably will come from someone:
My answer:
It's a lot easier to calculate a formula with only 1 changing variable compare to another formula
which you'll have 2 changing variables!!!
Lets compare both practical formula.
(1) Bitcoin buying power Satoshi formula
We know that Bitcoin value of 1.00000000 will always remain the same no matter what,
therefore this variable will stay the same value!
The only 1 variable in this Bitcoin buying power formula is the Coin Satoshi value
is always fluctuating.
VS
(2) Bitcoin buying power Dollars formula
As you can see, you got now 2 variables who's constantly changing.
The Bitcoin Dollars value never stay the same and the Coin Dollars value is
also another changing variable.
The conclusion is clear,
it's a lot simple to calculate with the first formula because you have only
1 changing variable VS 2 changing variables in the second formula.
Hopefully you get my point from this post.
1) Input the Bitcoin Satoshi value of 1.0 into your calculator.
2) Divide it by your coin Satoshi value at the current price on the market or any
older date that you want to calculate.
3) This will equal to the coin unit (quantities) you can purchase with 1 full Bitcoin.
Try it under,
Bitcoin Satoshi Value (1.0) / Coin Satoshi Value = Coin Units (Bitcoin Buying Power Formula)
Important to use your chart in 'BTC' from Coin Market Cap site.
Lets apply the formula: Bitcoin Value 1.0 / Coin Satoshi = Units / Quantities
I'm sure someone will ask me this question, why not to calculate this Bitcoin buying power
in Dollars value?
Here my answer for that fictitious question that probably will come from someone:
My answer:
It's a lot easier to calculate a formula with only 1 changing variable compare to another formula
which you'll have 2 changing variables!!!
Lets compare both practical formula.
(1) Bitcoin buying power Satoshi formula
Bitcoin Satoshi Value 1.0 / Coin Satoshi value (variable 1) = Units (Quantities)
We know that Bitcoin value of 1.00000000 will always remain the same no matter what,
therefore this variable will stay the same value!
The only 1 variable in this Bitcoin buying power formula is the Coin Satoshi value
is always fluctuating.
VS
(2) Bitcoin buying power Dollars formula
Bitcoin Dollars value (variable 1) / Coin Dollars value (variable 2) = Units (Quantities)
As you can see, you got now 2 variables who's constantly changing.
The Bitcoin Dollars value never stay the same and the Coin Dollars value is
also another changing variable.
The conclusion is clear,
it's a lot simple to calculate with the first formula because you have only
1 changing variable VS 2 changing variables in the second formula.
Hopefully you get my point from this post.
