Topic: Review the Bitcoin calculation unit (Read 161 times)

My goal for writing is just to remind and learn for beginners, if there is an error, please correct it

In a modern economy, the role of money increases according to its increasing function. Money is no longer only known as a means of exchange, but is used as a value calculator, a hoarder of wealth, and a standard of payment for delays, or even more extreme money is used as a commodity then with increasing function it creates Bitcoin electronic money.

Bitcoin is a digital asset developed in 2009 by someone with a pseudonym Satoshi Nakamoto. The way bitcoin works is based on a mathematical calculation system. This currency is made through the process of calculating mathematical formulas that are very complex.

Bitcoin is unique, it can be divided up to one hundred million units, this smallest unit commonly called Satoshi is the name of the unit taken from the name of the inventor of Bitcoin: Satoshi Nakamoto.
The unit to represent a smaller bitcoin value, among others: Satoshi is the smallest unit of bitcoin, above it is called micro Bitcoin, and above it is milli Bitcoin, one micro bitcoin is worth one per million bitcoin (0.000 001 bitcoin). A milli bitcoin consists of a thousand micro bitcoin and one bitcoin consists of a million micro bitcoin. Micro bitcoin is abbreviated (µBTC) and read yu-bit or bits
For more details see the bitcoin table below:

Table of Units in Bitcoin :
BTC               Unit
0.000 000 01 BTC      1 Satoshi
0.000 000 1 BTC         10 satoshi
0.000 001 BTC         1 µBTC (micro)
0.000 01 BTC         10 µBTC
0.000 1 BTC         100 µBTC
0.001 BTC            1 mBTC (milli)
0.01 BTC            10 mBTC
0.1 BTC            100 mBTC
1 BTC            1 BTC
10 BTC            10 BTC
100 BTC            100 BTC
1.000 BTC            1 kBTC (kilo)
10.000 BTC         10 kBTC
100.000 BTC         100 kBTC
1.000.000 BTC         1 MBTC (mega)
10.000.000 BTC         10 MBTC

Buy formula
If we have 73.26 USD, Bitcoin will be bought
Bitcoin (HB) Price = 3663.1 USD (Example)
Amount of Money in USD = 73.26 USD
Bitcoin obtained?
Formula: USD divided by HB = Bitcoin obtained
Then 73.26 USD is divided into 3663.1 USD = 0.01999999 satoshi
So Rp. 73.26 USD at Bitcoin level 3663.1 USD will get 0.01999999 satoshi

Sales formula
If we have 0.01999999 it will be distributed
Bitcoin (HB) price = 3663.1 USD (example)
The formula for the amount of Bitcoin x HB = USD
Then 0.01999999 x 3663.1 USD = 73.26 USD
Being 0.01999999 Satoshi at the Bitcoin rate of 3663.1 USD Million will get 73.26 USD

To make it easier to calculate / convert the number of Bitcoin in Rupiah or other currencies, you can use an online Bitcoin calculator: https://coinmarketcap.com/converter/ or https://www.coindesk.com/calculator and many others

Reference : https://bitsusd.com/bitcoin-units/