Topic: [TUTORIALS] Simple Mathematical approach to solving cryptocurrency problems. (Read 513 times)

Bump

I'm happy you got answered from my thread, at least my hard work pays and wasn't in vain, this issue of applying mathematics to solving crypto/trading problem is increasing, well the thread was prepared to save, thanks for letting me know that it saves you.

Nothing says your doing it right than practicals. Having things posted and read just creates awareness and cures your of your ignorance of it but, getting to use it in actual or better still, practicalizing what you've learnt or been thought and getting it right concerns and perfect the theories. It gives you that assurance and courage to read and experiment more. And that your research time wasn't wasted and the purpose of the article is being actualized.

So this is like a testimony and a thanks to the owner of OP as I finally got to apply a formula in the OP and the result was appealing. Thanks once again and I encourage other users to follow suit. Don't live it as just a theory, test the theories and catch the feeling.

The source shows the shadow of the calculations meanwhile would be complex for beginners to understand it fully, and that's true on the sources that something tangible could be gotten out of it, the tables and calculation was done myself using WPS app on my device for better clarification.
This is not actually a calculus rather but an economic mathematics showing percentage, profit and price calculations.

Yeah..it is possible for someone to construct a topic on his own,because current and previous books we read this day's can be used for topic construction in crytopcurrency generation based on the level of the reader understanding.
Constant study will make human to be perfect in text construction.
Am not disputing the fact that giving us the links or source of this text is bad, but it's obvious that humans are creative.
I went through the topic sentence of this text and the body of the text and compared it with the source,I find out that the op  tried because nothing tangible is in the source.
Thanks op for your calculation that looks like calculus.

Many hate mathematics in their everyday life making them feel reluctant in their endeavors, traders with mathematical mindset actually knows their future gains and loss before entering market, its also a means of detecting fraudulent exchange if the values seems to be wrong. Not only you hate maths although.This topic took me a lot of time in compiling of tables and calculations for better understanding for newbies and beginners. It's a safe guild reference thread.

He added a source link to where he got most of the ideas from from perhaps he had not corrected their idea when you replied to his op.


@OP this is a great compilation as it indicates several indices and parameters and are visibly explained to a noob to understand more. Keep it up.

If this is his own works then there could be no problem with it but if found out that the idea was being copied somewhere else then it could be labeled as plagiarism. We all know that plagiarism is not only a copy paste word for word but rather the works for that certain individual is consider as property and if this stolen by other and making it their own work is already plagiarism. This is very technical but still I would congratulate OP for sharing this info where it could be used as a reference one day for the traders. He also showed a great content with mathematical equation. I really do hate math and this is why I never wanted to go for a day trade but instead a short term trade will do for me.

The meaning of the parameters were not the purpose of the thread, the main purpose was the calculations on them, I believed those parameters ain't strange for beginners, although would be a good one if explained but the thread would actually be a time wasting and stressful for readers.

Lol, I'm sure he/she didn't mean it literally, perhaps your one of his role models in this room hence, your forum user was the closest to pump on his/her mind for making that illustration. I'm sure you understand.
For me, I would have loved a bit more explanation on what the parameters indicates and not just what it means because, as it is, the calculation seems straight to the point but I still don't it's application. It's a nice thread though.

This just skipped from my mind, have added already, thanks for reminding.
Corrected, thanks a lot.

That doesn't sound like me.

Consider my account compromised if I start buying shitcoins.

This brings back homework memories!

Hash rate, not harsh rate. Please correct your typos.

This is a laymans term to those technical approach to trading which newbies have a hard time to grasp. Image and calaculations are well shown and clear. Thumbs up with this tutorial.

On the other note, this is right. OP if you used any material or at least refer to a particular site or paraphernalia for describing some methodology here, might as well put some reference. But I think the example given here is made by him but referred to particular source.

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Funny using LoyceV as an example of trader on altcoin project (ctsi). Not sure if his ever interested on specifics alts aside from BTC. Anyway it just an example. 

Can you share the links or sources please? It doesn't look like you came up with all these information on your own.

Warning⚠: The values used are not the actual price of coins below, I am not to be held responsible for any miss information of prices, percentages of price and volume, the values are just for the purpose of this calculations. I'll kindly appreciate your understanding.

TABLE OF CONTENTS.
1.0 Introduction.
2.0 Calculations and results.
            +2.1 Overall Percentage Of Price (OPOP).
            +2.2 Daily Percentage Of Price (DPOP).
            +2.3 Percentage Of Volume (POV).
            +2.4 Percentage Of Gain and Loss (POG&L).
            +2.5 Profit.
            +2.6 Satoshi.
            +2.7 Hash rate.
3.0 Conclusion.
4.0 Recommendation.
5.0 sources.

1.0 Introduction
It had come to my notice that many cryptocurrency traders gets into trade without wanting to understand and know the daily, weekly, monthly,  yearly and most importantly the overall percentage of coins they are trading. Most traders failed to calculate their percentage gain, profit, loss, conversion of satoshi, hash rate measurements, and many themselves, thereby causing traders to be mostly moved by the percentage updated on Coinmarketcap, CoinGecko and trading exchange, but not actually know the calculations behind it. Most fraudulent exchange and capitalisation platforms uses this opportunity to fake values if actually they do because of ignorance on traders self calculations. Inspite of these, I came up with questions like,  what if you trading coin not yet listed on Coinmarketcap and CoinGeko, how could you estimate the percentages of price and volume traded so far?, how could traders estimate the gain, loss, and profit with trading charges? and not be a dump trader following all values set by exchange. This thread will guide, give newbies/beginners hints to calculate all of that themselves. Trading is an act of mathematics, indicators are made by great mathematical equations. So you know maths, that means you know how to indicates, make a new indicator, be a great trader too as well.

Abbreviations to be used in these calculations.
XLM=Stellar.           R=Rate of tax(%)          Lp=Listing Price
ALGO=Algorand    F=Final price                 Cp=Current Price. VET=VeChain.        Sp=Selling price           P= Profit.                N=Initial price.       Lsp=Last Price.            Iv=Initial volume. S=Quantity of coin.  Bp=Buying price.      Fv=Final volume


2.0 Calculations and results.

2.1 Overall Percentage Of Price (OPOP)

Fig.1 Overall Percentage Of Price (OPOP)

Overall percentage = Current price(Cp) - Listing price(Lp) x 100
                                                   Listing price(Lp)
             VET: 0.025 - 0.0045 x 100
                            0.0045                        =+455.5%

              ALGO: 0.002 - 0.50 x 100
                                    0.05                    = -99.6%

              XLM:  0.073 - 0.0050 x 100
                                   0.0050.               = +1360%

2.2 Daily Percentage Of Price (DPOP).

Fig.2 Daily Percentage Of Price (DPOP).


Daily percentage = Current price(Cp)- Last price(LSp) x 100
                                                    Last price(LSp)
                VET:  0.025 - 0.020  x  100
                                   0.020.                           = +25%

                ALGO: 0.002 - 0.0023  x  100
                                     0.0023.                       = -13.04%

                 XLM:  0.073 - 0.068  x  100
                                     0.068.                          = +7.35%

2.3 Percentage Of Volume (POV).

Fig.3 Percentage Of Volume (POV).

Volume percentage=Final Volumes(Fv) - Initial Volume(Iv) x 100
                                                   Initial Volume(Iv)

                    VET: 10356 - 6890 x 100
                                      6890.                         = +50.3%

                    ALGO: 20608 - 31682 x 100
                                         31682.                    = -34.95%

                    XLM:  41382 - 32824 x 100
                                        32824.                    = +26.07%
                      

2.4 Percentage Of Gain (POG)

Question: A crypto trader and enthusiast @charles-Tim has a total of 250 USDT, purchased BTC in USDT/BTC trading pair at a price of 34.5 USDT on a global bithumb exchange, after a certain time, he sold at the rising price of 45 USDT with full execution and a trading charge of 0.0025% was commissioned on the trade. Calculate the percentage gain of the trader.
Answer.
          Formula:   POG = (Sp) - (Bp) - (R)  x 100
                                                 (Bp)  

 Bp=34.5 USDT,    Sp=45 USDT,    R= 0.0025%   POG=?

                          POG = 45 - 34.5 - 0.0025  x 100
                                                       34.5.                  
                          POG= 30.42%
If the final result carries a negative(-Ve) sign, then that would be the percentage of loss.

        Overall procedure for determining Percentages.
1. Subtract the selling price from the initial purchase price. The result is the gain or loss.
2. Divide the gain or loss by the initial amount or purchase price of the investment.
3. Finally, multiply the result by 100 to arrive at the percentage change in the investment

2.5 Profit.
Question.
A crypto trader @LoyceV has a total value of 0.138BTC in his Binance trading account. He purchased a total of 313.63 CTSI in trading pair of BTC/CTSI at an initial price of 0.00044BTC and hit sell button cheerfully at a final price of 0.00046012BTC with 0.0025% tax charged on the trade. Calculate the profit of the trader at that given point in time and the total balance now left in his Binance account.
Answer.                      
             Using formula:  P = S[F - N(1 + R)]
S=313.63, F=0.00046012,  N=0.00044  R=0.0025%   P=?
                        P=313.63[0.00046012-0.00044(1+0.0025)]
                        P=313.63[0.0002012(1.0025)]
                        P=313.63[0.0002015]
                       Profit(P) = 0.06319BTC

    Therefore, Total balance = 0.06319 + 0.138
                                                = 0.20119BTC

2.6 Satoshi

Satoshi                    Bitcoin
1,000 Sat     0.00001000 BTC
10,000 Sat     0.00010000 BTC
100,000 Sat     0.00100000 BTC
1,000,000 Sat  0.01000000 BTC

Question
A signature campaigner at full member rank was rewarded 150,000sat on a weekly basis after performing tasks in a campaign managed by @cryptopreneurbrainboss. Convert the earned satoshi to USDT if the current price of BTC is 9,832 USDT at the time of distributing payments.
Answer.
                          0.001BTC = 100,000sat
                                  XBTC = 150,000sat
             Therefore, XBTC = 150000 x 0.001
                                                    100000
                                 XBTC =0.0015BTC
      @ Current price of $9,832 during payment distribution
                  0.0015 x 9832= 14.748 USDT

2.7 Hash rate
A unit of a mining performance, expressed as follows;
1 h/s = 1 hash per second
1 Kh/s = Kilohash per second. 1,000 h/s
1 Mh/s = Megahash per second. 1,000 Kh/s (1,000,000 h/s)
1 Gh/s = Gigahash per second. 1,000 Mh/s (1,000,000,000 h/s)
1 Th/s = Terahash per second. 1,000 Gh/s (1,000,000,000,000 h/s)

3.0 Conclusion. Solving mathematics is simple, it's applicable everywhere, so it is in crytocurrency trading, try using the above methods and feel the breeze of confidence and excellence in your crypto career.

4.0 Recommendation. This thread is recommended for beginners and newbies and other members willing to understand the basics of cryptocurrency calculations for the betterment of trading. Remember, mathematics is the root of indicator, understanding it makes you a good trader too as well.

5.0 Sources:
[1]. https://steemit.com/cryptocurrency/@hansenator/trading-cryptos-for-quick-cash-and-the-math-for-beginners
[2]. https://www.investopedia.com/ask/answers/how-do-you-calculate-percentage-gain-or-loss-investment/

N/B, A quiz on this topic would be prepared in coming future and whoever gets it right would be rewarded with +2 merits.