Title: [Edu]How to calculate profit return on BTC Post by: promise444c5 on February 27, 2024, 03:27:01 PM Are you curious on what your bitcoin holdings could fetch you here is a simple calculation to know what a future price of btc could fetch you with your holdings. E.g Code: I invested a $1000 dollar in total while BTC price was still on a price point of $58,000 Solution Code: myInv = $1000 This is a simple mathematics for calculating your profits although, there are hosted calculator online you can also use easily. At the end: while calculating that your investment remember that privacy also matters so get a privacy wallet :) Confused about privacy ?? check the link below. https://bitcointalk.org/index.php?topic=1631151.0 Title: Re: [Edu]How to calculate profit return on BTC Post by: Charles-Tim on February 27, 2024, 05:22:28 PM This is how I calculate mine:
Profit= (Selling price ÷ buying price * the amount bought) - the amount bought Example: You bought bitcoin at ₦58000 and sell it at ₦120000 Buying price= ₦58000 Selling price= ₦120000 The amount bought= ₦1000 worth of bitcoin Profit= (120000 ÷ 58000 * 1000) - 1000 Profit= ₦1,068.96 Title: Re: [Edu]How to calculate profit return on BTC Post by: I_Anime on February 27, 2024, 07:40:41 PM Normally I also use @promise444c5 way to calculate mine. But I think sir @Charles-Tim method also nice and fast too. Actually @promise444c5 way is the normal or should I say common way use in calculating profit or loss in business. Let me just emphasize on it Using the formulars:
Firstly SP = selling price, CP = cost price. To calculate for profits, Profit = SP - CP ( indicating that the selling price was higher or greater than the cost price ( your buying price)) While to calculate loss Loss= CP - SP (While this formular shows that your cost price was higher or greater than your selling price) you made losses. Formula for profit% and loss% profit percentage (profit%) = Profit/Cost price × 100 While loss percentage is . Loss percentage (loss%) = Loss/Cost price × 100 , is just almos like profit% the only changes is that where you see profit just replace it with Loss (when solving for loss%) Just decided to give some clarity concerning this topic posted. Hope this would be helpful to anyone it may concern please do so to correct me if there's any errors. :) Title: Re: [Edu]How to calculate profit return on BTC Post by: Mate2237 on February 27, 2024, 09:10:38 PM In mathematics everyone calculate the sum from different angle and arrive at the same result and that is what is happening here like this. And from the overviews of all the comments so far though the comments re few. Charles -Tim calculation is the best. And to the op to calculate this or your profit in the bitcoin investment is one of the simplest mathematics. This is simple interest.
As Charles -Tim dis his. Buy + Sell = Profit. 1000÷58000x120,000=2,068.965. Title: Re: [Edu]How to calculate profit return on BTC Post by: Manlikefrank1 on March 28, 2024, 08:58:43 AM Normally I also use @promise444c5 way to calculate mine. But I think sir @Charles-Tim method also nice and fast too. Actually @promise444c5 way is the normal or should I say common way use in calculating profit or loss in business. Let me just emphasize on it Using the formulars: If not for today I don’t know how to calculate,but leaning is every day thou but using this principle I was able to try it in my private time and got it correct.appreciate your information.Firstly SP = selling price, CP = cost price. To calculate for profits, Profit = SP - CP ( indicating that the selling price was higher or greater than the cost price ( your buying price)) While to calculate loss Loss= CP - SP (While this formular shows that your cost price was higher or greater than your selling price) you made losses. Formula for profit% and loss% profit percentage (profit%) = Profit/Cost price × 100 While loss percentage is . Loss percentage (loss%) = Loss/Cost price × 100 , is just almos like profit% the only changes is that where you see profit just replace it with Loss (when solving for loss%) Just decided to give some clarity concerning this topic posted. Hope this would be helpful to anyone it may concern please do so to correct me if there's any errors. :) |