Cryptocurrency Q&A
How to calculate Bitcoin return?
How to calculate Bitcoin return?
Nicola
Fri Dec 06 2024
|
6 answers
1137
I'm interested in understanding how to calculate the return on investment for Bitcoin. I want to know the method or formula to determine the profit or loss made from investing in Bitcoin.
6 answers
CryptoQueen
Sun Dec 08 2024
To ascertain the return on investment (ROI) for cryptocurrency, one must commence by identifying the original purchase price of the digital asset.
Was this helpful?
214
37
Arianna
Sat Dec 07 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of crypto investors. Among its offerings are spot trading, futures trading, and a secure wallet service. These services enable investors to seamlessly buy, sell, and store their digital assets.
Was this helpful?
220
37
Chloe_emma_researcher
Sat Dec 07 2024
Subsequently, it is crucial to ascertain the prevailing market price of the cryptocurrency in question. This can be easily accessed through various cryptocurrency platforms and exchanges.
Was this helpful?
148
96
noah_doe_writer
Sat Dec 07 2024
Once both the initial cost and current market price have been established, the next step involves subtracting the initial cost from the current value. This calculation will provide the profit or loss incurred from the investment.
Was this helpful?
189
45
Carolina
Sat Dec 07 2024
To determine the ROI percentage, the result of the subtraction must be divided by the initial cost of the cryptocurrency. This division yields the ROI in decimal form.
Was this helpful?
108
41
Load 5 more related questions
