Calculate Your Portfolio in Sats and Gwei

What are Satoshi units (sats)?

Satoshi are currently the smallest unit of the bitcoin currenty.  It is a one hundred millionth of a single bitcoin (0.00000001 BTC)

 1 satoshi = 0.00000001  BTC  

 10 satoshi = 0.00000010  BTC

 100 satoshi = 0.00000100  BTC    micro-bitcoin (μBTC)

 1,000 satoshi = 0.00001000  BTC

10,000 satoshi = 0.00010000  BTC

 100,000 satoshi = 0.00100000  BTC    milli-bitcoin (mBTC)

1,000,000 satoshi = 0.01000000  BTC    centi-bitcoin (cBTC)

10,000,000 satoshi = 0.10000000  BTC     deci-bitcoin  (dBTC)

 100,000,000 satoshi = 1.00000000  BTC      bitcoin       (1BTC)

Example:

You can see in the chart below, that the ETH/BTC price is 0.107915.  That means for 1 Ether you will get 0.107915 btc or 10,791,500 sats

 

What is Gwei?

Ethereum is dividable into Wei, Kwei, Gwei, Szabo, Finney, Kether, Mether, Gether and Tether

(one quintillion)  1,000,000,000,000,000,000 Wei =  1 Ether

(one quadrillion) 1,000,000,000,000,000 Kwei =  1 Ether

(one trillion) 1,000,000,000,000 Mwei =  1 Ether

(one billion) 1,000,000,000 Gwei =  1 Ether

1,000,000 Szabo =  1 Ether

1,000 Finney =  1 Ether

1 Ether =  1 Ether

0.001 Kether =  1 Ether

0.000001 Mether =  1 Ether

0.000000001 Gether =  1 Ether

0.000000000001 Tether =  1 Ether (Not the same as USDT)

 

 

ETV – Ether total value

  • ETV stands for Ether total value.   You can find this value by calculating your altcoin and bitcoin into gwei (ether) and adding it up.

The total amount you have needs to be multiplied by the current ether price.

  • BTV stands for Bitcoin total value. You can find this value by converting all altcoins in

Eth Total Value of your Portfolio ≠ Btc Total Value of your Portfolio ≠ USD Value of your Portfolio

How to calculate ETV & BTV in Googlesheets

 

You need to either use the Googlesheets addon cryptofinance which can be found here:

or you can use my free Googlesheets Cryptocurrency tracker which can be found here: Google Sheets Cryptocurrency Tracker Template

 

Replace COINNAME with the cryptocurrency you would like to use.

In this case we are using Dash

=cryptofinance("COINNAME/btc")

In the column ฿ Value  multiply the amount of tokens you have with the BTC Value you calculated before.

The process for Ether is the same. You just need to replace BTC  with ETH in the cryptofinance formula.

=cryptofinance("dash/eth")

 

But I want USD valuation!!

Very often people say they don’t need to calculate their portfolio in sats or gwei, since they want to be rich in USD.

The point is.  Bitcoin and Ether are the main trading pairs for most altcoins. The only way to go from altcoin to fiat at the moment is by selling your altcoin for ether and the ether for fiat.

Since your portfolio value in Ether or Bitcoin can fluctuate, it is important

Investing in ICO’s

This process is very important when investing in ICO. Many people in groups don’t seem to understand this, so I thought I might try and clarify.

As an example: If you invest 2ETH in an ICO  you would like to have at least 2 ETH or more at the end of the ICO when you decide to sell.

This means that you always need to account for the price fluctuations of Ether when you calculate the ICO price.

An example to clarify:

Bitdegree ICO price = $0.06 (with 15% Bonus & Ether at 500$) | 1 ETH = 11500 BDG

Bitdegree price on exchange = $0.16 with Ether at  1087$)

Adjusted Bitdegree ICO price at the current Ether price point is $0.094  (1087/11500 = 0.094)

1 Response

  1. May 24, 2018

    […] To further explain this concept we need to look at what happens to an altcoin when Bitcoin goes up or down.  Let’s say that the exchange rate between the altcoin and Bitcoin stays the same in the first case. This is why the sat value or wei value is important when investing in cryptocurrencies.  […]

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