How to calculate BTC profit

[innocentlamb]

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  

[1715683859]

1715683859

[1715683859]

1715683859

[1715683859]

1715683859

[mrcash02]

80 - 6000
x - 7000

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

[Coins2350]

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]

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]

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]

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

[o_e_l_e_o]

You could always use an app like Blockfolio to keep track of all your coins and their values.

[mela65]

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