Topic: How to calculate profit - page 9. (Read 1483 times)
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?
You bought bitcoin for $ 10.400 then you sell it back for $ 10.400, then the result is LOSS 
, why is that?... Because, you have to pay a certain amount of transaction costs incurred when you make a sale.
, why is that?... Because, you have to pay a certain amount of transaction costs incurred when you make a sale. 
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.
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. 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.
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.
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.
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
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.
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.
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. 
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 $10,401 you gain profit.
just try to hold the coin longer it might help you gain profit
You minus the value you get from selling and then minus it on the 100$ 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.
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?
when you buy at $10,400 and you are selling at $10,400 then you don't make any profit and maybe your money decreases because you need to pay the fee for the transaction on every exchange. you need to sell more than $10,400 to make a profit and you can decide on how much price you want to sell the coins. but it's different if you can buy at $10,000 with $100, you got 0.01 btc, and if you sell at $10,400 of your 0.01 btc, you can get is $104 which is your profit is about $4. it's all about how much money you want to use to buy and you can check it in the exchanges how much your profit.
I am not doing so deep so I would calculate my profit only by those money that I get from and put into my wallet
The question is weird. How can you buy at 10400 USD and claim that it raised to 10400 USD. I mean its the same value. You might even have losses since you have to pay transaction fees and such. But if you want to knw how much you earned you just look at how much for the same volume today and compare the price from when you bought them.
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?
Lol… I don’t even understand what you’re talking about. You invested $100 at the price rate of $10,400 and sold when it’s also at the rate of $10,400…then you have no profit 😂, well… And no loss too. What you will be getting is that same $100 that you invested, unless the price happens to go up above that $10,400 at which you invested. Let’s say that it gets up to $15000 then you will be able to make profit, but if it goes down, that’s loss. 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.
Well if he buy at 10400 and sell at same price as he mentioned then it could be only a loss as he would even had to pay the transaction fees of the exchange. Unless he has typed the wrong figure then calculation may vary. Also do include all the cost incurred while buying and selling to get the right calculation.
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?
I just heard about buying low and selling high and selling low, but I never thought that there would be buyers and sellers at the same price. That action is for silly and lack of thinking
Profit = output - input
$104 -$100
= $4
You earned $4 within that certain period of time.
Willing to be corrected if i'm wrong.
$104 -$100
= $4
You earned $4 within that certain period of time.
Willing to be corrected if i'm wrong. You're right with your calculations, it's just your calculation if it does not include the fees of all kinds. However low capital will have very little profit because it has to pay various fees until the money gets handled.
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?
I just heard about buying low and selling high and selling low, but I never thought that there would be buyers and sellers at the same price. That action is for silly and lack of thinkingJump to: