RE: WaBI Is Channeling Towards 30,541 Satoshi!! What is channeling? Check out these charts!!

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WaBI Is Channeling Towards 30,541 Satoshi!! What is channeling? Check out these charts!!

in money •  7 years ago 

People are converting fiat to cryptos & you are doing opposite , MAY I know why ?

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  ·  7 years ago (edited)

Because a local currency fits in with our complete frame of reference. People are using fiat to invest in cryptos yes, but I am certain at the end of the day people want to know their portfolio value in their local currency.

If you want BTC, then multiply satoshi that haejin mentions, by 0.00000001 and this should give you BTC. So the 30,541 he mentions as the target should be 30,541 x 0.00000001 = 0.00030541BTC. If you want the value in your local currency, for instance USD, then multiply this result by the current USD value of BTC. Currently 1BTC is s$17022. So the 30541 satoshi should be 17022 x 0.00030541 = $5.198 and change.

http://www.btcsatoshi.com

Screen Shot 2018-01-05 at 1.10.35 PM.png

because I don't know what Satoshi is. My frame of reference is still USD and ETH since that is what I use to buy my altcoins.