Calculating your profits | Bitcointalksearch.org

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: hilman01 on May 25, 2017, 10:50:33 PM

still don't understand how to get profit, sorry im noobie (newbie)

What do you mean? it's very simple mathematic calculation.
Profit = (Your current amount - your initial amount)
Profit = $3000-$2500= $500

%Profit = (Your profit / Your initial amount)*100%
%Profit = ($500/$2500)*100%=20% profit

OP, what the heck with 1.15% increase?

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: Shawns on May 25, 2017, 04:06:57 AM

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

If I understand you very well, you are saying, you bought a bitcoin at price let said for example $2500 and the value has grow to $3000, should you sell it you make profit of 1.5%? If this is what you mean then you are right if you converts your bitcoin to dollar that same day. If you did not sell it? you may even sell at lost if btc/usd pull back below your purchased price because of price fluctuations.

pooya87

legendary

Activity: 3472

Merit: 10611

when people say profit they usually mean in fiat, lets say USD.
if you have invested $1000 for example and price has gone up from $2500 to $3000 that is a 20% rise ([x2-x1 / x1]*100) so you have made 20% profit on your investment which is $1000 and now have $200 profit ($1000* 20%).

you can also multiply the amount of bitcoin you have with the new price.
@$2500, investing $1000 gets you 0.4BTC ignoring the fees.
@$3000 the 0.4BTC is worth $1200 (aka $200 profit)

hilman01

member

Activity: 210

Merit: 10

Quote from: AdolfinWolf on May 25, 2017, 05:31:25 AM

Quote from: Shawns on May 25, 2017, 04:06:57 AM

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

Use a portfolio, or an exchange. For your question though, you would do

3000-2500= 500

2500/500 = 5 = 1/5 = 20% profit

I don't know where you got 1.15 from?

1.15*2500 = 2875$

still don't understand how to get profit, sorry im noobie (newbie)

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: Shawns on May 25, 2017, 04:06:57 AM

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

This is simple math, use this equation its very easy to use.

$2500 - 100%
$3000 - x%

now:

x = (3000 * 100) / 2500 = 120%

So u had 100%, now u have 120% so u gained 20%

tenthman

newbie

Activity: 1

Merit: 0

"Monitor your holdings"? "Calculate your profits"? LOL

I'd like to know where to go to sell them for cash. I tried coinbase and their site doesn't work correctly and they have no support ... I waited three days for help and received none! I took mine out of coinbase (they kept some for themselves of course). If anyone ever asked me, I'd strongly advise against using coinbase.

pceluvempathy

newbie

Activity: 2

Merit: 0

I use blockfolio, its an app for your smartphone and it makes tracking your gains/losses so much easier. free too!

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: Shawns on May 25, 2017, 04:06:57 AM

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

Use a portfolio, or an exchange. For your question though, you would do

3000-2500= 500

2500/500 = 5 = 1/5 = 20% profit

I don't know where you got 1.15 from?

1.15*2500 = 2875$

Stavri

sr. member

Activity: 1036

Merit: 276

Quote from: Shawns on May 25, 2017, 04:06:57 AM

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

If you had 2500 usd and bought 1 btc and btc price increased to 3000 usd. Then your USD balance increased 20%.
I advise you to use an application like blockfolio to monitor your holdings.

Shawns

member

Activity: 109

Merit: 10

This might be a very easy thing but still
For example:

The price rises from $2500 to $3000, this in an increase of 1.15%.

So should I do 1.15*(the bitcoin amount I have now at the price of 2500) ?

Topic: Calculating your profits (Read 551 times)