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Title: How do you calculate potential profits? Not good with math. Is this right? Post by: quickie69 on February 26, 2018, 09:17:59 PM I struggle with basic math so please help :-\
I want to know how to calculate potential profit...need easy explanation as if you are teaching a little student, Let's say in the following example scenario: I have invested $200 into an alt-coin priced at $5.50. Few months later, it reaches $12. So how do I calculate how much profit I will have made? Is this the correct calculation? Divide 200/5.50, which is 36.36. Then multiply 36.36 by 12, which is 436.32. Then subtract 436.32 minus initial investment (200). So will I have made $236.32? Is this the right way to calculate ??? Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: quickie69 on February 26, 2018, 09:50:45 PM 200 x 5,50 $ = 1100 $ 200 x 12 $ = 2400 $ You invested 1100 $, and made 2400 $... Your profit would be 1300 $. ;) This makes no sense to me. Why you multiply the $ you invest with the price of the coin you bought at? Aren't you supposed to divide it, rather? Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: Poink on February 26, 2018, 09:53:28 PM I struggle with basic math so please help :-\ I want to know how to calculate potential profit...need easy explanation as if you are teaching a little student, Let's say in the following example scenario: I have invested $200 into an alt-coin priced at $5.50. Few months later, it reaches $12. So how do I calculate how much profit I will have made? Is this the correct calculation? Divide 200/5.50, which is 36.36. Then multiply 36.36 by 12, which is 436.32. Then subtract 436.32 minus initial investment (200). So will I have made $236.32? Is this the right way to calculate ??? You are correct. Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: Poink on February 26, 2018, 09:58:04 PM A fast and easy way is just download the Blockfolio app on your phone. Enter your coins/tokens, enter purchase amount, quantity and price and it will track it for you. :)
I own about 35 coins and also trade (buy/sell) and it will be many times more difficult to track them properly w/o Blockfolio. Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: Estrath on February 26, 2018, 11:53:24 PM Watching the cryptomarket extremely volatility, it's nearly impossible to calculate POTENTIAL profit. With market huge ups and downs nowadays, you just can't predict the price, but you can count the profit that was already made. Just multiple coins quantity X price. New minus primal = profit.
Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: mikyadel on February 28, 2018, 02:45:07 AM simple way to calculate your profits Based on you initial investment no matter whether pairs against dollar or Btc or whatever
initial investment : 500$ coin price when you Bought it : 13$ coin price now : 15$ so how much did you gain = |initial price (13$) - price now (15$)| / initial price (13$) * 100 = 15.38% that you profit percentage multiply this percentage By your initial investment = 500$ * 0.1538 = 77$ that's your profit . Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: tot-o on February 28, 2018, 04:43:26 AM If you want to monitor your own profit with the price changes daily or weekly then I suggest for you to make spreadsheet for you, since you can just add formula to the Microsoft Excell and it will do the computing automatically based on data you will put.
Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: Nikobitkoint54097 on February 28, 2018, 04:47:59 AM I struggle with basic math so please help :-\ And for what purpose do you expect profit? It is impossible to say exactly how much you will receive by investing in coins, because you do not know how much they will cost in the future! You only need to decide on the trading strategy!I want to know how to calculate potential profit...need easy explanation as if you are teaching a little student, Let's say in the following example scenario: I have invested $200 into an alt-coin priced at $5.50. Few months later, it reaches $12. So how do I calculate how much profit I will have made? Is this the correct calculation? Divide 200/5.50, which is 36.36. Then multiply 36.36 by 12, which is 436.32. Then subtract 436.32 minus initial investment (200). So will I have made $236.32? Is this the right way to calculate ??? Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: linkybit on February 28, 2018, 05:15:47 AM Simply subtract your investment amount from total amount, remaining is your profit ;D ;D ;D
Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: btcyoda on February 28, 2018, 05:59:21 AM simple way to calculate your profits Based on you initial investment no matter whether pairs against dollar or Btc or whatever initial investment : 500$ coin price when you Bought it : 13$ coin price now : 15$ so how much did you gain = |initial price (13$) - price now (15$)| / initial price (13$) * 100 = 15.38% that you profit percentage multiply this percentage By your initial investment = 500$ * 0.1538 = 77$ that's your profit . This is the best example of calculation but people need to maintain excel sheet for all your purchases in order to keep track of those. Otherwise, we are going to confuse if you don't maintain any excel sheet for it. Title: Re: How do you calculate potential profits? Not good with math. Is this right? Post by: sxafir on February 28, 2018, 07:15:22 AM I invest in yobit investment plan ,yesterday i have 0.004 btc,today 0.002.
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