[Edu]How to calculate profit return on BTC

Manlikefrank1

member

Activity: 84

Merit: 11

Quote from: I_Anime on February 27, 2024, 02:40:41 PM

Normally I also use @promise444c5 way to calculate mine. But I think sir @Charles-Tim method also nice and fast too. Actually @promise444c5 way is the normal or should I say common way use in calculating profit or loss in business. Let me just emphasize on it Using the formulars:

Firstly SP = selling price, CP = cost price.

To calculate for profits,

Profit = SP - CP ( indicating that the selling price was higher or greater than the cost price ( your buying price))

While to calculate loss

Loss= CP - SP (While this formular shows that your cost price was higher or greater than your selling price) you made losses.

Formula for profit% and loss%

profit percentage (profit%) = Profit/Cost price × 100

While loss percentage is .

Loss percentage (loss%) = Loss/Cost price × 100 , is just almos like profit% the only changes is that where you see profit just replace it with Loss (when solving for loss%)

Just decided to give some clarity concerning this topic posted. Hope this would be helpful to anyone it may concern please do so to correct me if there's any errors.

If not for today I don’t know how to calculate,but leaning is every day thou but using this principle I was able to try it in my private time and got it correct.appreciate your information.

Mate2237

hero member

Activity: 700

Merit: 577

In mathematics everyone calculate the sum from different angle and arrive at the same result and that is what is happening here like this. And from the overviews of all the comments so far though the comments re few. Charles -Tim calculation is the best. And to the op to calculate this or your profit in the bitcoin investment is one of the simplest mathematics. This is simple interest.
As Charles -Tim dis his.
Buy + Sell = Profit.
1000÷58000x120,000=2,068.965.

I_Anime

sr. member

Activity: 602

Merit: 263

Normally I also use @promise444c5 way to calculate mine. But I think sir @Charles-Tim method also nice and fast too. Actually @promise444c5 way is the normal or should I say common way use in calculating profit or loss in business. Let me just emphasize on it Using the formulars:

Firstly SP = selling price, CP = cost price.

To calculate for profits,

Profit = SP - CP ( indicating that the selling price was higher or greater than the cost price ( your buying price))

While to calculate loss

Loss= CP - SP (While this formular shows that your cost price was higher or greater than your selling price) you made losses.

Formula for profit% and loss%

profit percentage (profit%) = Profit/Cost price × 100

While loss percentage is .

Loss percentage (loss%) = Loss/Cost price × 100 , is just almos like profit% the only changes is that where you see profit just replace it with Loss (when solving for loss%)

Just decided to give some clarity concerning this topic posted. Hope this would be helpful to anyone it may concern please do so to correct me if there's any errors.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

This is how I calculate mine:

Profit= (Selling price ÷ buying price * the amount bought) - the amount bought

Example:
You bought bitcoin at ₦58000 and sell it at ₦120000

Buying price= ₦58000
Selling price= ₦120000
The amount bought= ₦1000 worth of bitcoin

Profit= (120000 ÷ 58000 * 1000) - 1000
Profit= ₦1,068.96

promise444c5

sr. member

Activity: 476

Merit: 299

Learning never stops!

Are you curious on what your bitcoin holdings could fetch you here is a simple calculation to know what a future price of btc could fetch you with your holdings.

E.g

Code:

 I invested a $1000 dollar in total while BTC price was still on a price point of $58,000
 what will be my profit when btc hit a target point of $150,000

Solution

Code:

   myInv = $1000
   buyPoint = $58,000
   sellPoint = $120,000

    buycoinValue = myInv/buyPoint = (1000/58,000)
    myCoins= 0.0172413793 ."BTC"

    sellWorth = buyCoinVal * sellPoint = 0.0172413793 *120,000
    sellWorth =$2,068.965516 ~ $2,069

    myProfit= myInv- sellWorth = $2,069-$1000
    my Profit = $1,069
     percentage =( 58000-120000/58000)*100
                          =107% retuning on your investment

This is a simple mathematics for calculating your profits although, there are hosted calculator online you can also use easily.

At the end: while calculating that your investment remember that privacy also matters so get a privacy wallet

Confused about privacy ?? check the link below.
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151

Topic: [Edu]How to calculate profit return on BTC (Read 102 times)