Bitcoin Calculator - Convert Bitcoin into any World Currency
10-03 23:35 - 'How do I calculate the entry position for BNB/BTC deal?' (self.Bitcoin) by /u/dev_lurve removed from /r/Bitcoin within 27-37min
''' I know that this questions might not directly relate to Bitcoin, but I am just looking for reddits where I can get help wrt to such questions. Hi guys,
I trade on Binance.
My account currency is BUDS (just want to have the USD-pegged stablecoin as the account currency). I assume that it's always pegged to $1...
My account amount is $1000.
I want to sell BNB/BTC because I believe that the chart is going to go down.
My SL is at 0.0026700, and my entry is at 0.0026340. I want to enter on the spot market. Thus, the SL BTC-wise is 0.0000360.
I want to have the 1% risk exposure to my account (i.e. the exposure for -$10).
(and just fyi I plan to exit at TP = SLx2; and just fyi, I use the mental SL and TP)
How to I calc the actual amount for my order. As far as I understand, I need to first convert the BTC-wise SL distance from BTC to USD, right? I.e. 0.0000360 BTC x 10500 $ = 0.4$. So, I got this part, but I am not getting what my next steps should be.
Potential BTC value on today's buying power (math experiment)
Today, i want to do a little math to calculate where we are in the crypto space (based on bitcoin). There are 43 million wallets. Source: https://www.blockchain.com/charts/my-wallet-n-users?timespan=all Some people will have multiple wallets, but on the other side, some people will have no own wallet (*). (*) coins on exchange combi wallets. Coinbase has 30 million users (maybe a few more now). Source: https://cointelegraph.com/news/coinbase-added-8-million-new-users-in-the-past-year Binance has round about 14 million users (maybe a few more now). Source: https://www.youtube.com/watch?v=kFjE-KYbXU8 (start at minute 25) Many users use multiple exchanges! I did not found any exchange with more than 30 million users. ( if you know one, please tell us and include a source link ) On the world live now 7,75 billion people! Source: https://de.wikipedia.org/wiki/Weltbev%C3%B6lkerung (german) 35% of the people are older than 64 years or younger than 15 years. Source: https://de.statista.com/statistik/daten/studie/71063/umfrage/weltbevoelkerung-nach-alter-und-regionen/ (german) This leads to 65% potential users, which would be at round about 5 billion people. Now we must accept, no system will be used by "all" potential people... Let´s calc only with 20% of the 65% potential of all the people on planet earth! Now we get a good round 1 billion! Now we just say, each wallet is one single user (as i said many users own multiple wallets, many users own none wallet). ( based on this calculation ) ___43,000,000 BTC users exists today! 1,000,000,000 BTC users are possible in the future! After all BTC are mined, each BTC user could own only 0.021 BTC (average) Today's wealth average per person is at (independent from who you live, just world average!) 70,849 USD ... but only 7,087 USD (median) ... so, let´s use the lower value. Source: https://de.wikipedia.org/wiki/Liste_der_L%C3%A4nder_nach_Verm%C3%B6gen_pro_Kopf (german) If 0.021 BTC represents 7,087 USD... This leads us to a potential BTC value of 337,476 USD (at todays buying power) 3 million, if we use the average wealth and not the median but no person would put all there wealth in bitcoin, so the median value should be better for this calculation. This doesn't mean prices like 1 million / BTC is not possible. It is! And based on todays buying power, not only through inflation. Why? We will see more bubble phases, which get BTC to absurd values! The point is - even if BTC "only" reach roundabout 340,000 USD at today's buying power, this is huge! So go on and stack sats - but this is not a financial advice - only my thoughts Please share your opinion and thanks for your attention.
Benutze den Investing.com Währungsrechner um die Konversion von BNB zu BTC Binance zu berechnen. Der Preis ist an den Echtzeitkurs gebunden. Bitcoin - US Dollar Chart (BTC/USD) Conversion rate for Bitcoin to USD for today is $15,528.39. It has a current circulating supply of 18.5 Million coins and a total volume exchanged of $36,591,209,855 Compare the two cryptocurrencies Binance Coin (BNB) and Bitcoin (BTC). Algorithm, price, market cap, volume, supply, consensus method, links and more. Cryptoboom BTC Calculator allows you to find out latest BTC price with the easy-to-use tool. Convert any amount of Bitcoin, Ethereum, and other cryptocurrencies to any world currency including USD, GBP, EUR, CNY, JPY, and more. he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. This Binance Coin and Bitcoin convertor is up to date with exchange rates from November 4, 2020. Enter the amount to be converted in the box to the left of Binance Coin. Use "Swap currencies" to make Bitcoin the default currency. Click on Bitcoins or Binance Coins to convert between that currency and all other currencies. Crypto exchange rate calculator helps you convert prices online between two currencies in real-time. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
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