Post
Topic
Board Beginners & Help
Re: Calculating how many Altcoins can be bought for $20
by
jackg
on 07/01/2021, 02:00:37 UTC
My answer is at the bottom

~snip~

I thought op quoted the price in btc?

I don't think I know how yoy got that number either...

Let's say I wanna invest in DOTBTC.
The price is 0.00027360.

I wanna invest $20.

How do I work out the amount of coin I should be buying given the current price?

JH

You'd do a calc of
$ to invest/(btc price x price of coin).

For example: $20/(37000x 0.00027360)=1.975 coins (in dot)
I just checked binance and their usdt market is trading at the value I got for each dot coin (or close enough considering).