Bitcoin Forum
July 16, 2018, 07:03:01 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How to Calculate profit and loss  (Read 3183 times)
Arshadq
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 24, 2015, 08:37:52 PM
 #1

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty
1531767781
Hero Member
*
Offline Offline

Posts: 1531767781

View Profile Personal Message (Offline)

Ignore
1531767781
Reply with quote  #2

1531767781
Report to moderator
1531767781
Hero Member
*
Offline Offline

Posts: 1531767781

View Profile Personal Message (Offline)

Ignore
1531767781
Reply with quote  #2

1531767781
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531767781
Hero Member
*
Offline Offline

Posts: 1531767781

View Profile Personal Message (Offline)

Ignore
1531767781
Reply with quote  #2

1531767781
Report to moderator
LiteBit
Legendary
*
Offline Offline

Activity: 1121
Merit: 1000



View Profile
June 24, 2015, 08:43:02 PM
 #2

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction  Grin
Arshadq
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 24, 2015, 08:54:23 PM
 #3

ty for the welcome but still didnt got a satisfactory answer Smiley
LiteBit
Legendary
*
Offline Offline

Activity: 1121
Merit: 1000



View Profile
June 24, 2015, 08:58:44 PM
 #4

ty for the welcome but still didnt got a satisfactory answer Smiley

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction  Grin

Sorry my answers aren't satisfactory.
aysha9859
Member
**
Offline Offline

Activity: 93
Merit: 10

Srry 4 my bad English


View Profile
June 25, 2015, 12:11:42 AM
 #5

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit Smiley

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss Sad
LiteBit
Legendary
*
Offline Offline

Activity: 1121
Merit: 1000



View Profile
June 25, 2015, 02:16:34 AM
 #6

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit Smiley

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss Sad

That is correct. Good catch!
bitllionaire
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
June 25, 2015, 02:20:14 AM
 #7

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit Smiley

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss Sad

yeah, I think that anwser is more correct

However, you can look at your trades and it is easy to calculate


                                      ▄._       
                                       ▀█████████▀ 
                                     ,▄▓████████   
                                ╓▄▓███████████▀   
                           ╓▄▓███████▀╙.  ▀█     
                      ▄▄▓███████▀╙▄▄▄▄███         
                 ▄▄▓███████▀╙▄,  ▓███████         
           .▄▄▓██████▀▀╙▄▄▓████▌ ████████         
      .▄▄███████▀▀╙▄▄  ▐███████▌ ████████         
 .▄▄███████▀▀ ▐▄▄▓████ ▐███████▌ ████████         
╙█████▀▀▐▄▄▓  ████████ ▐███████▌ ████████         
 ╙▀ ▄▄▓█████  ████████ ▐███████▌ ████████         
    ████████  ████████ ▐███████▌ ████████         
    ████████  ████████ ▐███████▌ ████████             





AVAILABLE SPOTS

Members: 0
Full Members: 0
Senior Members: 3
Hero/Legendary Members: 2

(Participants will be enrolled based on their post quality and not on "first come, first served basis")




TWITTER CAMPAIGN SPECIFICS

We are currently looking for a maximum of 60 participants (with followers ranging between 500 & 10000) for this campaign.


FIXED CAMPAIGN RATES

500 - 3000 Followers: 0.0002BTC / week

3001 - 5000 Followers: 0.0004BTC / week

5001+ Followers: 0.0008BTC / week


TERMS & CONDITIONS


1. Twitter account must be at least 5 months old, prior to start of this bounty campaign.
2. Account must have at least 500 real followers, verified via: https://www.twitteraudit.com
3. Locked/Private/Suspended Twitter accounts and tweets will not be accepted.
4. Tweets about Adconity must contain a hashtag #ADconity and this link: https://adconity.com
5. Retweet only the tweets made by Adconity's Twitter Account (https://twitter.com/adconity_com).
6. Minimum of 4 tweets and 2 retweets per week is necessary to qualify for weekly payments.
7. Participants can enroll with 1 Twitter account only. Entries with multiple twitter accounts will not be accepted.
8. Reports must be submitted within every week's timeline. Entries after deadline will be rejected.
9. Always check the list of accepted participants in the spreadsheet. Only accepted participants will be paid eventually.
10. ADConity reserves the right to change the rules or campaign rates at any point of time.


STEPS FOR ENROLLMENT


1. Follow Adconity's Twitter Account: https://twitter.com/adconity_com
2. Fill up the registration form: https://goo.gl/forms/M0woqLzY6GYH13n23
3. Check the spreadsheet to confirm your application status.
4. Submit weekly reports in this thread with the following format:

Code:
Twitter Account link:
Twitter Audit Link:
Week Number:

Tweets:
1.
2.
3.
4.

Retweets:
1.
2.
Report to moderator 
▄▄▄▄
▐████▌
▀██▀
▐▌
▄██▄
▄▄▄▄ ▐████▌ ▄▄▄▄
▐████▌ ▀▀▀▀ ▐████▌
████  ▄▄▄▄  ████
▐████▌
▄▄▄▄        ▄▄▄▄  ▀██▀  ▄▄▄▄        ▄▄▄▄
▐████▌      ▐████▌  ▐▌  ▐████▌      ▐████▌
▀██▀  ▄▄▄▄  ▀██▀  ▄██▄
pooya87
Legendary
*
Offline Offline

Activity: 1330
Merit: 1103


Buy bitcoin they said... who listened?


View Profile
June 25, 2015, 04:59:49 AM
 #8

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

twister
Hero Member
*****
Offline Offline

Activity: 672
Merit: 501



View Profile WWW
June 25, 2015, 08:08:24 AM
 #9

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
Muhammed Zakir
Hero Member
*****
Offline Offline

Activity: 560
Merit: 504


I prefer Zakir over Muhammed when mentioning me!


View Profile WWW
June 25, 2015, 09:46:35 AM
 #10

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

You should calculate your profit *before* you trade or you may not get any profit. This is the normal way.

oni.saori
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
June 25, 2015, 11:17:55 AM
 #11

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

But do not think Price will always go up it can Down also So Big investment = Big profit / Big loss
In trading line their is  risk but without you take any risk you cannot get profit in your life

In simple words -
profit = income minus expenses you made to get this income
loss = when the profit is negative its called loss.
twister
Hero Member
*****
Offline Offline

Activity: 672
Merit: 501



View Profile WWW
June 25, 2015, 01:12:24 PM
 #12

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

You should calculate your profit *before* you trade or you may not get any profit. This is the normal way.

Well of-course but I don't think you understood what I said. If you bought something for 5 and the price at a later point is 10, then it is *already* calculated that you're in profit, if you sell it then what you get in access is profit. Simple as that.

And if you use an exchange, it is already shown on the sell order after deducting all the fee.

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
rivoke
Hero Member
*****
Offline Offline

Activity: 923
Merit: 1006


View Profile
June 25, 2015, 04:17:24 PM
 #13

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

If you're new for trading calculation, just be more precise for calculating mostly decimal value.
But you will get habitual if you keep calculated it everytime.

Math is basic for calculate this. Be grateful because you've lucky to learn this lesson
ikydesu
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!


View Profile WWW
June 25, 2015, 04:50:37 PM
 #14

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

I have recommendation for trading option for you, especially for trading bitcoin https://www.fxopen.com/en/traders-tools AFAIK fxopen use cryptocurrency for trading: https://landing.fxopen.com/crypto/


~iki
BitMarshall
Full Member
***
Offline Offline

Activity: 202
Merit: 100


View Profile
June 25, 2015, 06:23:08 PM
 #15

it depends on what exchange you use. i don't think there's a fixed formula for it!
But it works good

Good luck

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Get Free Airdrop Now!
PolarPoint
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
June 25, 2015, 06:30:34 PM
 #16

You should use a spreadsheet to keep track of your total holdings and the average cost of each coin you hold. It is easy to calculate profit if you buy and sell at equal amounts, it gets tricky when you buy and sell in batches.
Velkro
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


<3 Vanity Addresses :)


View Profile
June 25, 2015, 08:33:49 PM
 #17


Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction  Grin
I would add EXCEL from office or MATH from open office, its so easy to create sheet with automatic calculations Smiley

pooya87
Legendary
*
Offline Offline

Activity: 1330
Merit: 1103


Buy bitcoin they said... who listened?


View Profile
June 26, 2015, 05:21:48 AM
 #18

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

But do not think Price will always go up it can Down also So Big investment = Big profit / Big loss
In trading line their is  risk but without you take any risk you cannot get profit in your life

In simple words -
profit = income minus expenses you made to get this income
loss = when the profit is negative its called loss.
i am not claiming anything about how price will be.
i simply corrected the mistake of my above posts.

to complete that here is the loss:

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @70sat cost of sell is 80000sat -----> you pay 140 satoshi fee

69860 - 75150 =
you will have 5290 satoshi loss (-profit)

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!