The Bitcoin Calculator gives your portfolio’s valuation based on your Bitcoin price prediction and market capitalization scenarios. The BTC calculator automatically updates referential fields and values upon input for increased user experience. For instance, entering a BTC price prediction updates the values for new market cap, multiplier, new value, and new rank.
The tool also comes with a Bitcoin forecast calculator, providing you the ability to create a valuation forecast at different stages of a crypto release schedule. By spawning additional circulating supplies fields, you can see how your valuation is impacted by the release of additional tokens.
The Bitcoin calculator helps you easily share your BTC prediction with whoever you want via link parameters in the settings panel. Additionally, Twitter text is also provided to easily share your Bitcoin prediction on Twitter.
With cryptocurrency, each individual has complete control of one’s own money. Being your own bank means you’re also in full control of your own security. To keep your money secure, having knowledge about how to store your cryptocurrencies can be the difference between losing your money or not.
Holding money on exchanges exposes you to risks such as exchange hacks and insolvency, thereby leading to a possible loss of funds.
A common saying in crypto is “not your keys, not your coins”. Meaning if you don’t control the private key, which is the signature for your transactions, then you don’t really control your coins. The private key allows anyone who possesses it to transfer the associated coins. Therefore, it is recommended to hold coins in your own wallet with security best practices.
The type of wallet utilized matters greatly. Two main wallet types exist, known as hot wallets and cold wallets. A hot wallet is connected to the internet, thus exposing your private key to the internet such that being hacked increases in probability. A cold wallet, on the other hand, is never exposed to the internet so your private key is safe. A hot wallet is usually for transacting with relatively smaller amounts, while a cold wallet tends to be for holding larger amounts.
A hardware wallet is a form of cold wallet. It is a device providing offline transactions allowing you to interact with your coins safely over the internet. I personally use a hardware wallet for peace of mind with my cryptocurrency transactions.
Two of the largest and most reputable hardware wallets are Ledger and Trezor. Always make sure you buy a hardware wallet directly from the company’s website to avoid tampered devices (avoid resellers such as Amazon or eBay), and always make sure the website link is correct to avoid being scammed.
Simply enter your BTC amount and new BTC price prediction into the respective inputs, and the BTC price calculator will provide your portfolio’s valuation at your set price scenario.
Accordingly, the new market cap field’s value will automatically update to reflect the input’s price.
Conversely, you may enter your Bitcoin market cap scenario in order to automatically calculate the respective BTC price at the set market cap.
Any change to the price or market cap inputs will automatically display the coin’s new rank.
Edit the circulating supply input with alternative values to automatically calculate the new price (the market cap will remain the same). The circulating supply feature is useful for understanding how your portfolio is impacted by a token release schedule.
The market cap comparison tool is extremely useful for comparing your token relativistically within the cryptocurrency market. Many cryptocurrency investors, such as myself, have coin targets such that we believe our own coin can reach in the future. For instance, some people may want to see if their micro-cap coin can reach the market cap of Chainlink.
Simply click the bullseye icon next to the new market cap input in order to bring down a search list. Enter any crypto name, ticker, or simply scroll down and click the cryptocurrency you wish to use as a market cap comparison for your coin.
Upon clicking the target coin, the new market cap input will be replaced by the target coin’s market cap. Consequently, your portfolio’s new value will be updated with the respective valuation. Moreover, the new price, new rank, and multiplier will also automatically update.
Enter a number into the multiplier input to multiply the new price, new market cap, and new value by the factor. Alternatively, click the plus or minus icons to increase or decrease the factor by 1.
Click the floppy disk icon at the top right in order to save your BTC calculator inputs into your browser’s local storage. When save mode is on, the floppy disk will have a red cross over the icon. Each change to the amount, market cap, price, or multiplier will be saved until the save feature is turned off.
Click the floppy disk with the red cross to turn off the save feature.
Click the moon to initiate dark mode. After clicking the moon, a sun will appear. Click the sun icon to initiate bright mode.
A useful benefit of Crypto Scenarios is the ability to share your BTC price prediction with the results automatically displaying for your link recipients.
First, open settings by clicking the gear icon at the top right,which will then open a settings panel. Afterwards, click the toggle button for what data you want to provide via URL parameters.
The options are:
Crypto Scenarios utilizes CoinGecko's API for market data.