What is the best way to measure the total percentage return of altcoin investments?

3 answers

• Dec 31, 2021 · 3 years ago
  One of the best ways to measure the total percentage return of altcoin investments is by using the formula: (Current Value - Initial Investment) / Initial Investment * 100. This formula calculates the percentage increase or decrease in value compared to the initial investment. It provides a clear and straightforward measure of the overall return on your altcoin investments. Make sure to include any transaction fees or costs associated with buying or selling altcoins in your calculations for accurate results.
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• Dec 31, 2021 · 3 years ago
  If you're looking for a more advanced method to measure the total percentage return of altcoin investments, you can consider using a portfolio tracking tool or software. These tools can automatically track the value of your altcoin investments and calculate the overall return for you. They often provide additional features such as real-time price updates, performance charts, and portfolio diversification analysis. Some popular portfolio tracking tools include CoinTracking, Blockfolio, and Delta. These tools can save you time and effort in manually calculating the returns and provide a more comprehensive analysis of your altcoin investments.
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• Dec 31, 2021 · 3 years ago
  At BYDFi, we recommend using our proprietary altcoin investment tracking system to measure the total percentage return of your altcoin investments. Our system automatically tracks the value of your altcoin portfolio and calculates the overall return based on the initial investment. It also provides detailed performance reports, including individual coin performance, portfolio diversification analysis, and historical price charts. With BYDFi, you can easily monitor and evaluate the performance of your altcoin investments in a user-friendly and efficient manner.
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