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Title: Need help calculating Post by: Lupertazzi29 on February 08, 2019, 07:44:19 AM Hello everybody.
I am going to ask a stupid question right now. Selling price of my crypto coin is at: 0.00004000 BTC At the moment I own 0.25526623 BTC I go all in and I buy at 0.00004000 How much should the price raise to have a 5% sell profit? Title: Re: Need help calculating Post by: CryptopreneurBrainboss on February 08, 2019, 08:15:01 AM 5% profit of 0.25526623 bTC = 0.0127633115 Btc
Sell at 0.000042 will give you 5% profit Explanation: 0.25526623 bTC ÷ 100 x 5 = 0.0127633115 that's 5% Buy price; you have 0.25526623 btc buying altcoin at 0.00004000 = 6,381.65575 altcoin Sell price: you sell 6,381.65575 at 0.000042 = 0.2680295415btc Total earned btc after selling (0.2680295415) minus Owned btc (0.25526623) = 0.0127633115 btc (5% as seen above) Title: Re: Need help calculating Post by: logfiles on February 08, 2019, 08:15:14 AM 0.25526623 BTC would buy 6381.65575 coins
5% profit from 0.25526623 BTC would be (0.05x0.25526623) which is 0.0127633115 BTC Which means you would sell when your total BTC value is (0.0127633115+0.25526623) = 0.2680295415 BTC This would imply the value of each coin would have to be 0.000042BTC ( 0.2680295415÷6381.65575) Please bare in mind that the price of BTC also keeps changing against USD or fiat money so I think easier to track your profits against the usd using different portfolio managers. Title: Re: Need help calculating Post by: Lupertazzi29 on February 08, 2019, 08:16:39 AM Thank you very much. How much does Binance take from my buying and selling ? (Fees)
Title: Re: Need help calculating Post by: hopenotlate on February 08, 2019, 08:20:22 AM Thank you very much. How much does Binance take from my buying and selling ? (Fees) Binance practice different fee depending on your VIP status and also differentiate them if you use their BNB coin to pay the fee or not. Let's say you are a newly registered user there and don't own any BNB coin : there there will be a 0.1% taker fee and a 0.1% maker fee. Anyway you can have a look at their fee schedule here : https://www.binance.com/en/fee/schedule Hope this helps. Title: Re: Need help calculating Post by: logfiles on February 08, 2019, 08:21:49 AM Standard fee is 0.1% if you are not using the Binance Coin
More details here: https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance Title: Re: Need help calculating Post by: boyptc on February 08, 2019, 08:22:03 AM Thank you very much. How much does Binance take from my buying and selling ? (Fees) https://www.binance.com/en/fee/scheduleEdit: posted earlier few secs by logfiles. Title: Re: Need help calculating Post by: Lupertazzi29 on February 08, 2019, 08:36:21 AM So quick so helpful. Thank you all!
Title: Re: Need help calculating Post by: boyptc on February 08, 2019, 08:48:37 AM You're welcome, now you can lock this topic to avoid unwanted replies.
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