Bill Schwartz on Nostr: When you're dealing with Satoshis per dollar, the price of Bitcoin can be calculated ...
When you're dealing with Satoshis per dollar, the price of Bitcoin can be calculated using the formula:
Bitcoin Price
=
100
,
000
,
000
satoshis per Bitcoin
satoshis per dollar
Bitcoin Price=
satoshis per dollar
100,000,000satoshis per Bitcoin
Example 1: 800 sats per dollar
To calculate the Bitcoin price when 1 dollar equals 800 sats:
Bitcoin Price
=
100
,
000
,
000
800
=
125
,
000
USD per Bitcoin
Bitcoin Price=
800
100,000,000
=125,000USD per Bitcoin
Example 2: 300 sats per dollar
To calculate the Bitcoin price when 1 dollar equals 300 sats:
Bitcoin Price
=
100
,
000
,
000
300
=
333
,
333.33
USD per Bitcoin
Bitcoin Price=
300
100,000,000
=333,333.33USD per Bitcoin
So for any given number of sats per dollar, you just divide the total number of Satoshis in a Bitcoin (100,000,000) by the number of Satoshis per dollar to get the price of Bitcoin in USD.
In summary, the formula you can use is:
Bitcoin Price
=
100
,
000
,
000
Sats per Dollar
Bitcoin Price=
Sats per Dollar
100,000,000
ChatGPT can make mistakes. Check importan
Published at
2024-12-17 13:09:51Event JSON
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"content": "\nWhen you're dealing with Satoshis per dollar, the price of Bitcoin can be calculated using the formula:\n\nBitcoin Price\n=\n100\n,\n000\n,\n000\n \nsatoshis per Bitcoin\nsatoshis per dollar\nBitcoin Price= \nsatoshis per dollar\n100,000,000satoshis per Bitcoin\n\n \nExample 1: 800 sats per dollar\nTo calculate the Bitcoin price when 1 dollar equals 800 sats:\n\nBitcoin Price\n=\n100\n,\n000\n,\n000\n800\n=\n125\n,\n000\n \nUSD per Bitcoin\nBitcoin Price= \n800\n100,000,000\n\n =125,000USD per Bitcoin\nExample 2: 300 sats per dollar\nTo calculate the Bitcoin price when 1 dollar equals 300 sats:\n\nBitcoin Price\n=\n100\n,\n000\n,\n000\n300\n=\n333\n,\n333.33\n \nUSD per Bitcoin\nBitcoin Price= \n300\n100,000,000\n\n =333,333.33USD per Bitcoin\nSo for any given number of sats per dollar, you just divide the total number of Satoshis in a Bitcoin (100,000,000) by the number of Satoshis per dollar to get the price of Bitcoin in USD.\n\nIn summary, the formula you can use is:\n\nBitcoin Price\n=\n100\n,\n000\n,\n000\nSats per Dollar\nBitcoin Price= \nSats per Dollar\n100,000,000\n\n \n\n\n\n\n\n\nChatGPT can make mistakes. Check importan",
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