Cryptocurrency Q&A
How do you calculate return on Bitcoin?
How do you calculate return on Bitcoin?
Alessandro
Sun Dec 01 2024
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5 answers
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I'm trying to figure out how to calculate the return on my Bitcoin investment. I've heard there's a specific way to do it, but I'm not sure what the formula is or how to apply it to my situation.
5 answers
Raffaele
Tue Dec 03 2024
Calculating the ROI for crypto investments requires a three-step process.
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Isabella
Tue Dec 03 2024
The first step involves determining the current value of the cryptocurrency and subtracting the initial investment cost from this amount.
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Nicola
Mon Dec 02 2024
The second step is to divide the difference obtained in the first step by the initial investment cost.
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EnchantedMoon
Mon Dec 02 2024
The third step is to multiply the result of the second step by 100 to convert it into a percentage.
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QuasarStorm
Mon Dec 02 2024
This percentage represents the return on investment, or ROI, for the crypto investment.
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