Topic: How to calculate BTC profit (Read 289 times)
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
You could always use an app like Blockfolio to keep track of all your coins and their values.
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
7000 / 6000 x $80 = $93.33
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 ! x - 7000
6000x = 560000
x = 560000/6000
x = $93,333...
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?x - 7000
6000x = 560000
x = 560000/6000
x = $93,333...
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...
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? x - 7000
6000x = 560000
x = 560000/6000
x = $93,333...
80 - 6000
x - 7000
6000x = 560000
x = 560000/6000
x = $93,333...
x - 7000
6000x = 560000
x = 560000/6000
x = $93,333...
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
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
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