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Old 12-05-2022, 10:00 AM   #1
Philip67

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Mar 2020
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Default Is My Bitcoin Math Correct?
I read where there's 18,700,000 bitcoins in circulation. I also read where 2 weeks ago, each bitcoin was worth $58,000. Upon Elon Musk's announcement that they were no longer approved currency for Tesla purchases, they dropped $20,000 in value almost overnight and remain at $38,000 today. Like stocks, I assume it's a paper loss until/unless you spend 'em but still....if I'm doing the math right, did Musk just cost bitcoin holders $360 billion?

That sumbitch had better sleep with one eye open.....
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Old 12-05-2022, 01:08 PM   #2
AnneSon

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No BTC math is right at this point.
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Old 12-05-2022, 01:09 PM   #3
TomSands

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To be successful, especially in bitcoin, you need to be well informed. Some so many people are investing in bitcoin without knowing something specific about it or people who do not know all the news about bitcoin and cryptocurrency but continue thinking their opinion is the only one correct. Your calculations are impressive. I have not known this information, and it feels interesting now when analyzing all the aspects. Luckily I am into bitcoin mining. I am doing it on a free platform and will not feel most of the negative aspects. I think this way is the best for unstable times like this.
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