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Author Topic: How to calculate BTC profit  (Read 170 times)
innocentlamb
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November 11, 2017, 10:28:08 PM
 #1

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  Grin
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mrcash02
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November 11, 2017, 10:36:10 PM
 #2

80 - 6000
x - 7000

6000x = 560000
x = 560000/6000
x = $93,333...

Coins2350
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November 11, 2017, 10:37:39 PM
 #3

80 - 6000
x - 7000

6000x = 560000
x = 560000/6000
x = $93,333...
Ok, but I don't understand your calculations, could you please explain. Should we take under consideration the last BTC rate?
mrcash02
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November 11, 2017, 10:49:34 PM
 #4

80 - 6000
x - 7000

6000x = 560000
x = 560000/6000
x = $93,333...
Ok, but I don't understand your calculations, could you please explain. Should we take under consideration the last BTC rate?

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...

innocentlamb
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November 11, 2017, 11:08:27 PM
 #5

80 - 6000
x - 7000

6000x = 560000
x = 560000/6000
x = $93,333...
Thank you mrcash02 that was really simple and easy way to calculate it ! I'll remember it for sure !
odolvlobo
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November 12, 2017, 04:03:57 AM
 #6

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

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o_e_l_e_o
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November 12, 2017, 11:40:50 AM
 #7

You could always use an app like Blockfolio to keep track of all your coins and their values.
mela65
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November 12, 2017, 12:44:31 PM
 #8

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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