Topic: Percent gains and losses on crypto (Read 413 times)

This the easiest way to track your account and some exchanges also have this but if OP want a more traditional way, go for Excel and manually input all the transactions this may look more hassle but if you do understand excel very well, you’ll appreciate it though the computation of value is not real time, you can easily input its current value, I do use excel for recording.

Maybe the data I have is invalid, because I judge based on the people around me. Like some of the members of this forum that I know very well,
friends in the real world, my family, even the trading groups that I follow are mostly still experiencing a larger amount of losses when trading.
Indeed, I also often find some people who show the profits they make from trading crypto on several social media, but even then the number is
not much. It's actually hard to compare something without showing the data, because everyone has a different opinion. So I guess what I said
was wrong, but one thing that can make us successful in getting profit in trading is patience. Sometimes we have to be patient waiting for
the price of the coins we buy to go up,  the most important thing is that we have chosen the right coins for trading.

After reading twice and thrice I actually got to know what OP is actually talking about. Well what you asking is simple entry and exit points here. You wanna know your gains on the amount of BTC you buying and what cost you buying at? These are multiple entry points and your ups and downs would be the average of your entry points. For example, you bought @$1, $2, $7 and more. Your profits would be average of these.

To avoid the tracks of your buy in, you can easily do this with the CMC mobile app. Whenever you buy in, you just register your transaction in the CMC app at the price you bought or they will fetch the live price for you.

Next, you portfolio will automatically be shown with the P & L. 

Only small number of people? How you got this data? Some famous individuals records their profit stories only to get the social media influence and make money out of it. If only very small amount of people making money from trading is true then the crypto exchanges won't have such huge amount of trading volume everyday, there are people who make profits and loss but in the long run only people lose their profits due to wrong decisions with impatience.

Actually these days it is very easy for all platforms especially CEX ones to just download the file as spreadsheet. My tip for you for all spreadsheets in order to avoid the problem of old versions not working on new computers,,, just open Google docs, and open the spreadsheet inside it in whatever format. Can use open as or import.

Then save it and bookmark. Then you never lose your file it is in the cloud:) I use this now for all my financial issues/gambling/trading online.

You should make a spreadsheet,to all the crypto trading coin.Some new traders will sell at low price,when their is some dip in the price of bitcoin.Right now,I had my 50 percentage of trading resouces in UFT.The price is very low for uft now compared to old past.You can better buy at low price and high volatile com.

Indeed, only a small number of traders have a record of a higher percentage of profit than the percentage of loss. Because it is not easy to make a profit
from trading, there are many things that we must learn in order to be able to read price movements. I include recording all the data on the results of
the trades I make, it seems that the amount of my loss is still greater than the profit I get. We do need to record the results of the trades we have done,
so that we can find out the percentage of losses and profits that we have gotten during trading. If indeed our loss is greater, it means that there are still
many mistakes that we make when trading. And we should try to find and correct the mistakes we have made when trading.

If we don't learn from our mistakes, he'll no way we reach our goal, that will be the truth. That is very important to recall what happens in the past and having those records reminds us what we gonna do to make it correct and avoid it from happening again.
Though we can never escape from losing, we have to do something that could help to minimize it. And we can just do this by simply anticipating for the coming which it makes important to have TA in trading.

And this is where experience counts because you wouldn't able to improve yourself if you wont experience loss and mistakes in your career and since price is way too unpredictable then mistakes could really happen.

Its up to someone on how he would absorb up on all things that he had experience. Apply on what you do learn up along  the way which would be helpful into your investment or trading career.

Set goals according on what you would able to reach out.

evaluation of what is done becomes very important, that way we will get lessons and draw conclusions. if this is done continuously then I believe our ability will increase. and the main parameter will be our achievement which will increase in percentage

Of course, it is clear that an analysis of everything we do is needed to see what achievements we might be able to do so far. because by looking at what we have done, we can improve if it does not match the target we want.
that way we will always learn to fix the shortcomings that we might do.


based on the experience that has been done, of course, the purpose of doing what we do can be fulfilled correctly or not. I agree with you that as a successful trader is that they can research whatever has been done from what has been done so far and from there they can improve if needed. because without improvement, there will be no progress, even if we record it well.

And you need to have all the records for your basis. But don't get surprised if ever you have lost a lot than of our profit

Only a few traders did this but actually, this is very important to track our traders in order to find out what is really happening to us. To know if we are still good or we need to stop doing this. We find successful traders not only they are really good at trading but it is because they are also tracking their trading history.

[quote author=kram31 But anyway, why do you wanna track all these records anyway? Because, as long as you know that you are earnings at the price you bought, I think its enough, you don't need to make things hard for you.
[/quote]

Actually I am trying to make things easier for myself.  What you're saying is true if you make only a few transactions, but if you're constantly buying crypto at different amounts and at different prices how else are you going to know if you're taking a profit or a loss on your trades and how much of a profit/loss?  Granted if you made numerous transactions on bitcoin when it was $10k - $20k, you know you are definitely ahead of the game.  But what if you are made numerous trades when bitcoin is in the $55k - $60k range?  The price fluctuates so much so it would be nice to see your average costs/profits/losses/fees.  Blockfolio is what I was looking for.  It makes it easy to just look and everything is calculated.

for me progress can be analyzed every month our achievements. so that our income every month has developed according to the target we planned. if the percentage is a lot of loss, it means we are losing. but the measurable risks will still make for a healthy portfolio

They can be in profit this time but not sure if they been the same story in the next few days. As the market will remain to its volatility, we can never assure that everything will be smooth and always in success. But, it is absolutely we will be having the gains and losses. If only that we have to record all of our trading histories, maybe we could find that we have more losses than what we earn. That could add frustration knowing that, isn't it?

its good idea when we make a note for every single trade,we could analize what mistake we did and how to improve it. statistic very usefull when we use it correctly. in our note,we could add reason why we open transaction.

personally i am not too care about comparation between gains and loss. i am always concern on risk and reward ratio. it make me survive in market if we have bigger target profit than losses.

The percentage of profit and loss in crypto will depend on the market if there is high demand in the market and you can understand the signals it is easy to understand the amount of profit. The market is constantly updated when it comes to trading the success of a trading platform depends on the trade spot of the expert traders on the platform and the ability to copy. Trading Platform It is possible for an expert trader to start trading and lose millions and millions of dollars and the next week but it is by no means to blame.

Why not use microsoft exel so you may track down your original capital and monitor your profits? It will also serve as your tool and portfolio if you will make one.
 
 I know someone who monitored his investment by simply making an exel with all of his buy and sell activities. On top of that, it is not hard to update it once in a while if you wanted to add some bitcoin again to your Nano. As long as it also included the price of btc when you bought it so you'll gonna know how much % it increase.

You already answered your own questioned dude I think, if you want to track or monitor all the activity you had made it before I think your solution might gonna help you, although it was a little bit hassle I guess. But anyway, why do you wanna track all these records anyway? Because, as long as you know that you are earnings at the price you bought, I think its enough, you don't need to make things hard for you.

While all of this is a relevant issue, I have seen many hard wallet users pose the same question, unfortunately, there is no solution yet. I haven't yet come across a cold wallet that presents you with the full history of your transactions. But what you can do instead is to scan your address to get all of these transactions. There is no any other easier way around this problem.

If you want to keep track of your profits and losses in terms of fiat value then you should keep a sheet which should be included with the fiat value and cost price, you can't find the fiat value without checking the history of your trades and as others said as for wallet its bitcoin so they never going to keep track of the fiat value at what time you deposited for each of your deposits.

@OP if you are a type of person where you are comfortable seeing Excel/Spreadsheet documents you can also try out tracking your gains through it as you can easily split up all the transactions you have for that crypto. There is a bunch of templates out there on how you can do live tracking with it which is convenient as you won't be updating the prices manually each time. Just search some keywords like "spreadsheet price tracker" and you will see a bunch of results with different layouts.

Dudes.  Thanks a lot.  Blockfolio is exactly what i needed.  I have a question for all you experienced Blockfolio users.  I painstakingly went through all my transactions like a fine tooth comb.

After all said and done, my profit is ahead of the game, but my "net cost" and "average net cost" show as negative numbers.  I really took my time and I don't think I made  any mistakes but in the beginning of inputting transactions, the "net cost" and "average net cost" were showing as positive numbers. 

If it is in fact a mistake, there are so many transactions that I wouldn't even know how to find the delinquent at this point.  If it's correct, I guess its a great thing. 

1) Is this normal? 
2) Does anyone else's show negative? 
3) Also does anyone else's Blockfolio app get laggy?
4) Are there any apps that let you import a CSV file so I can cross check quickly?  Unfortunaltely Blockfilio does not have that option.

Thanks.

Yes, that's right, because with a record, everything will be counted properly and accurately recorded. but for the problem of profit I am not sure about the profit because in trading it cannot be executed as expected. crypto market is always changing and we can only take profits close to the records we write

Dudes.  Thanks a lot.  Blockfolio is exactly what i needed.  I have a question for all you experienced Blockfolio users.  I painstakingly went through all my transactions like a fine tooth comb.

After all said and done, my profit is ahead of the game, but my "net cost" and "average net cost" show as negative numbers.  I really took my time and I don't think I made  any mistakes but in the beginning of inputting transactions, the "net cost" and "average net cost" were showing as positive numbers.  

If it is in fact a mistake, there are so many transactions that I wouldn't even know how to find the delinquent at this point.  If it's correct, I guess its a great thing.  

1) Is this normal?  
2) Does anyone else's show negative?  
3) Also does anyone else's Blockfolio app get laggy?
4) Are there any apps that let you import a CSV file so I can cross check quickly?  Unfortunaltely Blockfilio does not have that option.

Thanks.

I guess you need to write in notepad or spreadsheet in .xls or mobile phone or the book every time you send funds into your Ledger with details, date, time and the amount. By doing that, you will know how much bitcoin or how much money you already used to buy bitcoin and you can calculate one by one of the total transaction you already made.

But maybe you can use it the other way you want because that is just an idea, so you do not forget to write a note about your investment.

That’s what it is going to do, it is just going put everything together, but in the Coinbase app you’re going to see the transactions history where you can go through your purchases and know at what prices you bought from and the rest of them.

And also when you send the coins you bought from Coinbase to your ledger address, if you check for the transaction on blockchain using the transactions ID, it shows how many BTC you bought and their worth at the time you sent it. But it is best that you’re the one keeping these records if that’s what you’re interested in. Don’t wait for them to do it for you.

You will never have to expect that that is why many developers are creating apps that work in that field.
You need to use an application separately that could track your investment, and there are a lot of them.

https://coinfunda.com/best-cryptocurrency-portfolio-apps

Yep, I'd tried a different app but blockfolio seems so convenient to use. May the experience of the other above show the same as what I experience also.

It only frustrates me when I'm going to do a review from my previous transactions that time of 2017. As I took a history break at hitbtc exchange, those btc sold was really painful to see huge amount which I considered as losses if I have to compare the value today. Maybe that's around 5x percent gains if I choose to hold, but nothing comes to my mind and made me think about the future that btc would reach until $60k someday.

Been using Blockfolio for years even though there some apps which are already available in the market but i dont know on why i do feel comfortable on using blockfolio

even though others does have much more features but this one is really enough and can give out on what you do seek for a tracker.

Also it does have notification which is a really a big help if you are really active on monitoring out on your ports.

Yeah, Ledger Live doesn't yet give the tracking functionality but it would be really nice future addition.

But Blockfolio for me works really well, it doesn't matter what wallet you hold your coins in as you can sync Blockfolio to it.


In there you also enter how much you bought each coin for, at what rate etc so you always get an overall view of your portfolio green or red. It is a bit long but it works.

That doesn't really matter so the exchanges won't set it up. Besides, it is also very difficult for it to calculate the results accurately, there are many transactions happening at the same time.
Maybe you only really know if you convert your investments to a certain currency.

Well actually no wallet or exchanges helps you to calculate your profit or lose after buying bitcoin or any other cryptocurrency, you do that manually you can check on you transaction history on the exchange in which you bought then you can make your calculations, surely as you keep buying bitcoin and sending to a particular wallet it will always sum up as far it's same coin you bought, in other words you can just calculate the total amount you have spent on buying bitcoin and compare it with the actual price to know if you are in lose or profit.

There is no direct way to do this but the question is why do you want to track those prices?
If you perform tax calculations, there are third-party applications that help you. read more about it here ---> https://www.reddit.com/r/Bitcointax .
If you want to know your financial situation without making many purchases and sales, third-party applications such as BlockFolio/CoinTracking are sufficient.

Yeah, neither Coinbase nor Ledger Live have functions which will allow you track every buy/sell/trade you make to keep a track of your profits/losses in terms of fiat. To do that, then you would either need to set up your own spreadsheet as NeuroticFish has suggested, or use tracking software or an app.

The apps most commonly recommended are BlockFolio and Delta. In both you simply enter your trades, what you bought, how much you paid, etc., and they will keep track of how much profit/loss you have made on each trade and in total. Try both and see which one suits you best. Delta also lets you track stocks, commodities, ETFs, etc., alongside your crypto, if you are in to that sort of thing.

It pays to have a manual tracker even once. I guess, for now, it would be hard for you to find what was your original investment amount in Bitcoin.

Even your transactions history couldn’t help you with that (in coinable)

But I would suggest for you to move on and start over again. But at that time, you make sure to manually track at least the first 5 in and outs you had on your wallet. (In case you would like to stay in your exchange preference) Also, that’s extra work to exchange. Their business model might also be affected by it. But I guess, that’s a good idea.

Just forget for a second that you are buying Bitcoin. Imagine that you buy a foreign currency. Or gold. Now, will the marketplace keep your booking for what you bought and at what price? Not necessarily.

Now back to normal. Of course that since you have Bitcoin, your balance will show Bitcoin.
But I don't use Coinbase, I use Binance. And at least for the last couple of transactions, I can see in the transaction history the price and all the details.
So, check the transaction history. If you don't have that, find an exchange that suits you better or, even better keep an excel file (since exchanges don't exist forever, since in the excel file you can put the real amounts, including the exchange fee)

Hey guys.  I'm not sure how to ask my question but this is regarding Ledger Live or Coinbase.  So let's say I buy $100 worth of bitcoin and send right away to my Nano X wallet.  On Ledger Live it shows the bitcoin balance and the US dollar conversion.  I only did a one time purchase and deposit of $100 so anything above or below $100 is easy to read and I know if I had gained or lost as bitcoin fluctuates.

But what happens over time with numerous purchases at different amounts and different bitcoin prices?  After numerous deposits to my wallet, how do I quickly see if I'm ahead or behind without going back to coinbase and adding up every single purchase and comparing that amount to the ledger live balance?  Instead, all it shows is the balance.  If I was to purxhase another $100, it just lumps it all together.  I have the same question if I was to leave my bitcoin on the Coinbase exchange.  I guess what Im asking is how do I know the total of my original investment?

It would be nice if on every deposit, you had the option to input what price you bought at and how much you purchased so that everything is automatically calculated whether you are doing good or bad.  Then it can show you a percent gain or loss since you started. I may be not seeing something here, but it seems to be an important option tool thats missing from Ledger Live and/or Coinbase.  Thank you