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Title: How to calculate BTC profit Post by: innocentlamb on November 11, 2017, 10:28:08 PM Guys sorry for the most stupid question of all time, but I really suck at maths and have no idea how to calculate this, please any help is appreciated.
Let's say I invest now $80 in BTC and 1 BTC costs $6000, how much will this investment be if 1 BTC reaches $7000 ? I feel embarrassed for asking this stupid question, but you guys are my only hope ;D Title: Re: How to calculate BTC profit Post by: mrcash02 on November 11, 2017, 10:36:10 PM 80 - 6000
x - 7000 6000x = 560000 x = 560000/6000 x = $93,333... Title: Re: How to calculate BTC profit Post by: Coins2350 on November 11, 2017, 10:37:39 PM 80 - 6000 Ok, but I don't understand your calculations, could you please explain. Should we take under consideration the last BTC rate?x - 7000 6000x = 560000 x = 560000/6000 x = $93,333... Title: Re: How to calculate BTC profit Post by: mrcash02 on November 11, 2017, 10:49:34 PM 80 - 6000 Ok, but I don't understand your calculations, could you please explain. Should we take under consideration the last BTC rate?x - 7000 6000x = 560000 x = 560000/6000 x = $93,333... Let's say you bought 0.01333333 BTC (using $80 when BTC price was $6000). Then you sold this amount 0.01333333 BTC when BTC price was $7000 and made $93,33. $13.33 profit. The calculation is simple 'rule of three'. I took in consideration the last BTC rate, yes ($7000 as you said). 80 - 6000 x - 7000 Multiply diagonally (80 . 7000 and 6000 . X) 6000x = 560000 (Then move 6000 to the other side with inverse signal [inverse of multiplication is division]). x = 560000/6000 (Then solve the operation to find the X value, that is the amount you are looking for). x = 93.333... Title: Re: How to calculate BTC profit Post by: innocentlamb on November 11, 2017, 11:08:27 PM 80 - 6000 Thank you mrcash02 that was really simple and easy way to calculate it ! I'll remember it for sure !x - 7000 6000x = 560000 x = 560000/6000 x = $93,333... Title: Re: How to calculate BTC profit Post by: odolvlobo on November 12, 2017, 04:03:57 AM If you bought $80 worth of BTC at $6000/BTC and it is now $7000/BTC, then it is worth:
7000 / 6000 x $80 = $93.33 Title: Re: How to calculate BTC profit Post by: o_e_l_e_o on November 12, 2017, 11:40:50 AM You could always use an app like Blockfolio to keep track of all your coins and their values.
Title: Re: How to calculate BTC profit Post by: mela65 on November 12, 2017, 12:44:31 PM You should make your calculation as USD. For example you bought 0,1 BTC, 1BTC 6200 so you paid 620 usd. One week later BTC price increased and 1 BTC is 7200, so your money is 720 usd and your profit is 100 usd
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