Post
Topic
Board Beginners & Help
Re: Calculating how many Altcoins can be bought for $20
by
Lordhermes
on 07/01/2021, 23:40:33 UTC
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
Convert $20 to btc
$20 = 0.000518BTC @ current price of $39,600
Now, DOT/BTC  @ price of 0.00027360
     0.000518
     0.0002735               = 1.8932 DOT ( Amount of coin to buy)

To attain $100 gain, let the new price be N
                      $100 = 0.002525BTC

          1.8932 X N = 0.002525BTC
                           N = 0.002525
                                   1.8932.           = 0.00133 ( New price to get $100 gain)