How can I calculate my returns on cryptocurrency investments?

3 answers

• Jan 03, 2022 · 3 years ago
  Calculating returns on cryptocurrency investments can be done by subtracting the initial investment amount from the final value of the investment and dividing it by the initial investment amount. For example, if you invested $1000 in a cryptocurrency and it grew to $1500, the return would be ($1500 - $1000) / $1000 = 0.5 or 50%. This formula can be used to calculate returns for any investment, including cryptocurrencies.
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• Jan 03, 2022 · 3 years ago
  To calculate your returns on cryptocurrency investments, you need to keep track of the initial investment amount and the current value of your investment. Subtract the initial investment amount from the current value and divide it by the initial investment amount. This will give you the return on your investment in decimal form. Multiply it by 100 to get the percentage return. Remember to consider any transaction fees or taxes that may affect your returns.
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• Jan 03, 2022 · 3 years ago
  Calculating returns on cryptocurrency investments is crucial to understanding the profitability of your investments. One way to do this is by using online portfolio trackers or cryptocurrency tax software, which can automatically calculate your returns based on the transactions you've made. These tools can also take into account factors like transaction fees and taxes, giving you a more accurate picture of your investment performance. BYDFi is a popular platform that offers such features and can help you track and calculate your returns easily.
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