I know that 1000 sats per dollar = a $100,000 Bitcoin and 100 sats per dollar = a $1,000,000 Bitcoin. But when I look at this graph I can’t compute what the price of a coin would be at 800 sats per dollar or 300. It falls apart in my head!
Could someone better than me at math give a formula to feed the calculator for this?
https://hodl.camp/sats_per_dollar/
#math #bitcoin
forget to add #asknostr
I don’t think the price will be all the way up to 200K at 900 SPD, that’s only 45 less sats than it is now
Bumping to #asknostr again because this question is keeping me from sleeping
I think you want (1 / sats per dollar)*100,000,000
Digit would have been able to answer that in 10 seconds but I'm so bad at math it took me a while to figure out. I never would have answered it if I wasn't trying to do what math I can to be more like her
Do you have a "collected works of Digit" data hoard collated and saved somewhere?
Been trying to get everything I have into one folder, arrange it chronologically, and add explanations of what was happening between me and her, and other details I remember.
So much is gone because she deleted her reddit accounts, and the Discord chats we talk in get purged, and the corporations holding the backups don't let me use whatever fancy indexing and searching tools they have. My progress is also slow because it's painful to work on.
In the wallstreetbets Discord, there's a bot that occasionally interrupts conversations with a random problem of basic arithmetic where the challenge is just to process it, type a number, and hit send as fast as possible. Digit consistently won pretty much every blip if it happened while she was chatting
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
