Need help calculating

[Lupertazzi29]

Hello everybody.
I am going to ask a stupid question right now.
Selling price of my crypto coin is at: 0.00004000 BTC
At the moment I own 0.25526623 BTC
I go all in and I buy at 0.00004000
How much should the price raise to have a 5% sell profit?

[1714724207]

1714724207

[1714724207]

1714724207

[CryptopreneurBrainboss]

5% profit of 0.25526623 bTC = 0.0127633115 Btc
Sell at 0.000042 will give you 5% profit

Explanation:

0.25526623 bTC ÷ 100 x 5 = 0.0127633115 that's 5%

Buy price; you have 0.25526623 btc buying altcoin at 0.00004000 = 6,381.65575 altcoin
Sell price: you sell  6,381.65575 at 0.000042 = 0.2680295415btc

Total earned btc after selling (0.2680295415) minus Owned btc (0.25526623)  = 0.0127633115 btc (5% as seen above)

[logfiles]

0.25526623  BTC would buy 6381.65575 coins

5% profit from 0.25526623 BTC would be (0.05x0.25526623) which is 0.0127633115 BTC

Which means you would sell when your total BTC value is (0.0127633115+0.25526623) = 0.2680295415 BTC

This would imply the value of each coin would have to be 0.000042BTC ( 0.2680295415÷6381.65575)

Please bare in mind that the price of BTC also keeps changing against USD or fiat money so I think easier to track your profits against the usd using different portfolio managers.

[Lupertazzi29]

Thank you very much. How much does Binance take from my buying and selling ? (Fees)

[hopenotlate]

Thank you very much. How much does Binance take from my buying and selling ? (Fees)

Binance practice different fee depending on your VIP status and also differentiate them if you use their BNB coin to pay the fee or not.

Let's say you are a newly registered user there and don't own any BNB coin : there there will be a 0.1% taker fee and a 0.1% maker fee.

Anyway you can have a look at their fee schedule here : https://www.binance.com/en/fee/schedule

Hope this helps.

[logfiles]

Standard fee is 0.1% if you are not using the Binance Coin
More details here:
https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance

[boyptc]

Thank you very much. How much does Binance take from my buying and selling ? (Fees)

https://www.binance.com/en/fee/schedule

Edit: posted earlier few secs by logfiles.

[Lupertazzi29]

So quick so helpful. Thank you all!

[boyptc]

You're welcome, now you can lock this topic to avoid unwanted replies.