Bitcoin Forum

If I bought $100 worth of BTC currently as a price of $3943.
At what price can I sell the BTC I bought to realise a 2% profit increase.

Sorry folks, my brain feels like it's blocked today. I can't even think well enough to do this simple math  ;D
Any help will highly be appreciated  ;)

Well it's quite simple. If BTC is at a price of $3943 and you need a 2% profit then $3943 * 2% = $78.86
So $3943 + $78.86 = $4021.86

Let us also include an average trading fee of 0.25% which will make the price to $4031.91 and this must be your price to sell.

Normally it should be 4021 for a 2% increase, however there is trading fee's all around the exchanges so you need to ask yourself is this maker fee or taker fee ? Is this on which exchange ? What is the fee structure there ?

Will you consider buying the bitcoin fee as well which has expenses on sending your money from your bank to their bank ?
Will you consider withdrawing from your exchange to your bank as well which has withdrawal fee ? There are a ton of stuff you want to consider when you are calculating these things which usually comes to more than just 2% when all combined.

Moreover, if it is just purely 2% from that price the easiest calculation you can do is to multiply with 1.02 , if you take x number and multiply it with 1.02 you will have 2% increase, if you multiply it with 1.07 you will get 7% increase. That type of math could help you save a lot of time.

May be you already understand by the previous comments. If you did not understand yet please follow bellow hope you will be understood.
3943 is your buying Rate per btc

So, 1℅= 3943÷100 = 39.43$
Then 2% will be, 39.43x2 = 78.86$
Now If we add buying price and 2% profit amount then we can find the exact amount with 2% profit.
So, 3943+78.86= 4021.86$ will be exact amount.

Hope you can understand. Thanks

If OP is confused from start, please don't advise this type of math, since he may end up thinking that for 10% he will have to multiply with 1.010 (instead of 1.1).

Imho OP should start with @sujonali1819 answer and also add about 0.25% as exchange fee (or the correct percent if he knows it).
3943 + (3943 * 2 / 100) = 4021.86
3943 + (3943 * 2.25 / 100) = 4031.7175

Thanks so much folks for your explanations, I now understand.
It was so easy but my mind just switched off. I guess it was due to stress and fatigue.

Yup, exchange fee is going to be considered too thanks to @sujonali1819  ;)
 I hadn't even thought about it.
Thank you

I also been confusing when calculating the profits and the investment the simple mathematics tricks will also be tougher when came to this situation so please anyone had easy way to handle this please advise me also.

What exactly is confusing you?
Try to read through the responses the members gave. They tried to explain how to get to the answer. If you find it more confusing, just let me know where the problem is and I will try to explain it to you.

Not everyone is including in their calculations the withdrawal fee involve as well as only including the trading fee one time (selling). You need to take note that if you want him to earn 2% from the trade you must also include the fees when he buys and sells with the cryptocurrency exchange so the .25% must become .50% if you will also take in consideration that he will be withdrawing it you must include the fee involve with the coin and fees varies depending on what coin will you be withdrawing. Add up the withdrawal fee +102.5xx% and you will get the expected 2% gain.

Why not use an automatic calculation from an exchanger?
I think that's the easiest method

The funds are $100 and then your target is 2%
let's make simple $100+2%= $102

---

https://international.bittrex.com/Market/Index?MarketName=USD-BTC
1. Click BUY Order
- input the Bid price 3943 and then place your $100 in the Total (USD) column
now you got BTC amount (includes transaction fee 0.25%)
https://i.ibb.co/80r9zJz/999.png (https://ibb.co/Y3chD6D)


2. Clik Sell Order
- input your BTC amount in the Quantity and then change the Ask Price until matches $102 in the Total column
https://i.ibb.co/JHYbQBM/9999.png (https://ibb.co/3cx8zrL)


You won't be confused in calculating Fee amount when buying and selling, because everything is calculated automatically and includes Fee

Note: the method above only works on the market with a transaction fee of 0.25% (each buy and sell).
but if you want to calculate with fee 0.2%, you can use Cryptopia (https://www.cryptopia.co.nz/Exchange/?market=BTC_USDT) (only for calculate)

thank you for this question because a lots of people had a doubt about calculation for their profit and loss it could be very difficult for many of us like me so can anyone please explain about how it could be calculated in a simple way and thank you in advance.

C'mon guys, someone already provided the info asked by OP by proper math in the very first post.
Then why do you guys are posting one by one with the same answer? IMO, it's pure spamming.  :-\

@Bitcoin_A, $ 100 is a bit too low for investing in Bitcoin, but it doesn't matter depending on financial factors too,
I can argue that, to make a 2% profit, in an investment you can sell it:
Example:
The price of Bitcoin when you buy: $ 3943, with a currency of $ 100,
To get enough 2% profit you sell when Bitcoin rises, $ 4012, you get 2% profit.
if possible I suggest, don't wait until the price rises to $ 8000 - $ 10,000 for a little more profit. But that decision is with you.

Its easy to calculate it,  if you bought BTC by price $3943 with aim profit 2% so the take profit will be $3943 >< 102% = $4021.86 or just use trading view chart to calculate it,  there are trading tool to know the profit and loss and easy to use it.

[/quote]
You need to charge other fees such as transaction fees( if you use the wallet of exchange sites, it will be withdrawal fees), currency conversion fees to calculate the profit.
With the small investment, I susgest you to use other coins have lower value to save transaction fees such as ETH or LTC.

Thanks, withdrawing will be a one-time thing. That will be after a year of daily trading and compounding the funds for more profits. But the trading fees is a good idea, i hadn't thought about it at first.

Thanks, @roycilik for the automated option of calculations... If I had locked this thread, I wouldn't have known about it sooner. I just hope this option will be available on binance since am planning to use it for my daily trades.

Thanks, I will definitely need tradeview... I have an account there but after signing in, i really didn't get started off.

Am going to be an active daily trader. I will keep compounding the profits made for a given period of time so it's not a small amount for a daily profit of 2%. what I want to first know is if it's feasible. So I will be trying to do with test trading. If it works, I will increase my capital with time.

You know what dude? I don't really understand the reason why you need to seek some help with this.
I can't understand what is the point of asking our community to calculate something for you.

As I can see, you are just trying to tell us that you bought a $100 worth of bitcoin. But no worries, let me help you.

$3943 X .02 = 2%
$3943 = $78.86

3943 + 78.86 = 4021.86

4021.86 is the value where 2% is added yet the fees are excluded you are the one who will know how much the fees will cost and you just have to add the cost to the 4021.86 and that's your 2% profit goal.