laravuemaster
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June 07, 2018, 11:19:10 AM |
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You minus the value you get from selling and then minus it on the 100$ that you used to buy bitcoin. Let's say when you sell the btc you had from the 100$ that you invest is 200$ then 200$-100$ equal to 100$ therefore your profit is 100$. That is one way to compute for the total profit you had for your investment.
Most of the exchanges have records of all transactions you do. However, it is not a good idea to calculate profit for each transaction especially if you are dealing with multiple coins. You should do it every 3-4 months or even more depending on how busy you are. Also, do not ignore that exchange fees and tax involved. The easiest way is just to hold your coins and wait for the highest price in the market to come out, i am pertaining to the highest price of bitcoins to come out before selling all of your coins in order to compute it easily.
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Flickkk
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Bounty Detective
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June 07, 2018, 11:56:42 AM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
you just waste the Gas. if you do that method . and there will be no profit on that statement. try to really wait for the right price because even if you sold it like $10,401 you gain profit. just try to hold the coin longer it might help you gain profit
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Ejanend
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June 07, 2018, 08:13:04 PM |
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Perhaps you misjudged the value, if you want to feel your profit, we have to focus from your capital. Record each day of capital + profit hat you got. Then your $ 100 start-up capital and you have $ 10 profit. Then your capital tomorrow $ 110 and so on. When we make a profit on that day you should be grateful for it, don't feel greedy no matter what. The target that day for you enough and continue tomorrow. But when you get a profit don't buy coins right away tomorrow to start again with another coins that potentially pump.
Getting profit in crypto market is difficult for those who have no knowledge and can not make profit while very easy for those who have knowledge of this market and know about all the processes and roots in the market so they will get profit easily. This perception is wrong that getting profit in one coin is easier than that of another; in order to get profit you must have knowledge of markets of different coins.
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Daseento
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June 07, 2018, 08:28:32 PM |
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You can use this simple formula
Profit or loss = (S.P per unit -B. P per unit ) * total quantity of bitcoin purchased.
That's you can calculate your profit by subtracting your buying price per unit from the selling price per unit. You can then multiply by the total quantity purchased.
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Nasty23
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★Bitvest.io★ Play Plinko or Invest!
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June 07, 2018, 08:35:35 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
you just waste the Gas. if you do that method . and there will be no profit on that statement. try to really wait for the right price because even if you sold it like $10,401 you gain profit. just try to hold the coin longer it might help you gain profit Yes you should hold it for a longer time until your expected profit was reached because maybe you have been make a profit but it can be also get because of the fee. You can easily monitor your profit by making observations in the value of your holdings or your balances on which you can notice if it is up or down in a period of time that makes you decide to hold it.
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ayubadairo
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June 07, 2018, 08:39:23 PM |
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Mining metrics are calculated based on a network hash rate of 35,367,482,836 GH/s and using a BTC - USD exchange rate of 1 BTC = $ 7,697.74. These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Block reward is fixed at 12.5 BTC . Future block reward and hash rate changes are not taken into account. The average block time used in the calculation is 600 seconds. The electricity price used in generating these metrics is $ 0.12 per kWh. Network hash rate varies over time, this is just an estimation based on current values.
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andrei56
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June 07, 2018, 10:20:32 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
If you bought bitcoin at 10400 and then you sell it at the same price you did not got profits, however since the exchanges do not offer their services for free then this means that you lost some commission to the exchange that will depend on their terms of service and if you want to get your money out of the exchange you will need to pay for that as well, so you lost money in the example you are giving.
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crzy
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June 07, 2018, 10:34:48 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
Just multiply your current bitcoin holdings to the number of the price today or the value of the bitcoins then you can get the computation of your profit that easily. That's right, its easy to know how much is your profit at the current price. Also you know this by computing how much money you invest and less the current value of your portfolio. In the long run its hard to monitor your profit so better to set you target price by this you can easily know your profit.
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Sir Paijoe
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June 07, 2018, 10:48:30 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
The easiest way to calculate a profit of course is to sell when bitcoin prices reach more than $ 10400, and as long as the price is still below the purchase price then never count the profit, and the thing you should do for now is to wait.
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Bonsaiav
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June 07, 2018, 10:55:43 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
This question's very silly. I think, counting the profit is very easy, anyone can certainly do it, even a 5-year child though. The sale price minus the purchase price then the rest is the profit we earn.
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liseff3
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June 07, 2018, 11:11:32 PM |
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You bought bitcoin for $ 10.400 then you sell it back for $ 10.400, then the result is LOSS ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , why is that?... Because, you have to pay a certain amount of transaction costs incurred when you make a sale.
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codegnome
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June 07, 2018, 11:17:53 PM |
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What did you say? If you invest with 100$, where the price is near 10,400$ your profit is 0$. This is a joke or what?
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Quadrant75
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June 07, 2018, 11:59:10 PM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
You are counting the chicks even before the eggs are hatched. It is very hard to speculate here in terms of profit because it is not profit alone that you have to deal with, you also have the lose that you should be aware.
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crazymelons12
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June 08, 2018, 01:32:16 AM |
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Well it seems you are just trying to sell it back to its original price. Or is it really that you are trying to suggest another idea that you are buying lower than 10,400$ then sell it when it reaches that price. It is not clearly stated. But if you really like to consider profit, don't look too much on the price but calculate how much you started with your capital and ended up selling with the money on hand and all transactions are taken into account including the money you will have to pay to get to the exchanges to receive fiat currency. Sounds very strange maybe but these small things are often left out of the equation yet you are spending money related to it so this could be charge as part of the entire process.
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Thira
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June 08, 2018, 01:42:44 AM |
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Calculate by the amount you receive after selling less the amount you've invested.
To calculate your profit in investment in bitcoin, maybe it be made at the end of the contract of the investment you put up, consolidate all the total amount of money earned and minus the capital do not include it, fees and the expenses of that investment, and the remaining amount is clearly that is your profit.
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agimat
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June 08, 2018, 02:02:51 AM |
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You earned 0% profit because you sold at the same price you bought.
In this case you cannot count your profit in this scenario your just wasting your time, we join investment to earned and to grow our money bigger, to calculate the profit in investment you need to get the total amount of money you received after the contract of said investment and subtract it with the capital, and other fees and expenses and the money left is your profit.
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gorbabtc
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June 08, 2018, 02:09:21 AM |
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You will be in loss in this case as you have to pay exchange fees. Even if you manage to get some profit, most of it will go to taxes.
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Lubang Bawah
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June 08, 2018, 04:03:57 AM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
For now I recommend to be patient, if you buy for $ 10400 and sell at the current price of $ 7500 then you lose more than 25%, if you dare to take a risk then buy now certainly is the thing that can make us get big profit.
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SiNeReiNZzz
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αLPʜα αɴd ΩMeGa
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June 08, 2018, 04:35:44 AM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
For now I recommend to be patient, if you buy for $ 10400 and sell at the current price of $ 7500 then you lose more than 25%, if you dare to take a risk then buy now certainly is the thing that can make us get big profit. Well according to what he was saying he doesn't gain profits from that, but instead he lose from it, its because we already knew that he had to pay fees while buying and selling out his bitcoinost specially in some exchanges that has higher fees than his local wallet provider. As of now it was wise to hold on to it based on when he actually bought it.
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BaraxLo
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June 08, 2018, 09:23:42 AM |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
You just wrote that you invested when coin was at 10.400 and you sold at the same price so you didn't earn anything, you need to buy lower and say higer, like you buy when it was 10k and you sell when its price was 11k$. You will calculate profit if you gain it first, you need to subtract the invested amount from the overall amount after selling the Bitcoin so as to get the profit. In order to get profit you would need to work hard and to survive in this market for long time till the jump of the coin’s value. Bring improvement in your investment with the passage of time and handle according to the rules and guiding principle so you will not face any loss but profit.
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