How can I calculate the fraction of bitcoin I own?
Chikwado PromiseJan 11, 2022 · 3 years ago3 answers
I'm new to the world of cryptocurrency and I recently bought some bitcoin. I'm curious to know how I can calculate the fraction of bitcoin that I own. Can someone please explain the process to me?
3 answers
- Jan 11, 2022 · 3 years agoSure! Calculating the fraction of bitcoin you own is quite simple. You just need to divide the amount of bitcoin you own by the total supply of bitcoin. For example, if you own 0.5 bitcoin and the total supply is 21 million, your fraction would be 0.5/21,000,000. This will give you the percentage of bitcoin you own.
- Jan 11, 2022 · 3 years agoTo calculate the fraction of bitcoin you own, you need to know the total supply of bitcoin and the amount you own. Divide the amount you own by the total supply and multiply the result by 100 to get the percentage. For example, if you own 2 bitcoin and the total supply is 21 million, your fraction would be (2/21,000,000) * 100 = 0.00000952381%. So, you own a very small fraction of the total bitcoin supply.
- Jan 11, 2022 · 3 years agoCalculating the fraction of bitcoin you own is a straightforward process. Simply divide the amount of bitcoin you own by the total supply of bitcoin. For instance, if you own 1.5 bitcoin and the total supply is 21 million, your fraction would be 1.5/21,000,000. This will give you the fraction of bitcoin you own as a decimal value. In this case, it would be approximately 0.00007143.
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