How to calculate cryptocurrency returns?

3 answers

• Mar 17, 2022 · 3 years ago
  Sure! Calculating returns on cryptocurrency investments involves a simple formula: (Current Value - Initial Investment) / Initial Investment. This will give you the percentage return on your investment. For example, if you invested $1000 in a cryptocurrency and it is now worth $1500, your return would be (1500 - 1000) / 1000 = 0.5 or 50%. Keep in mind that this formula does not take into account any transaction fees or taxes that may be incurred during the investment period.
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• Mar 17, 2022 · 3 years ago
  Calculating cryptocurrency returns can be a bit tricky due to the volatility of the market. One approach is to use a portfolio tracking tool that automatically calculates your returns based on the current market prices. These tools can also factor in transaction fees and taxes to give you a more accurate picture of your returns. Additionally, it's important to consider the time period of your investment when calculating returns. Short-term returns may be more volatile compared to long-term returns.
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• Mar 17, 2022 · 3 years ago
  If you're using BYDFi, calculating cryptocurrency returns is a breeze. Simply log into your account and navigate to the 'Portfolio' section. Here, you'll find a detailed breakdown of your investments and their current values. BYDFi automatically calculates your returns based on the latest market prices and factors in any transaction fees or taxes. You can also customize the time period for which you want to calculate returns, whether it's daily, weekly, monthly, or yearly. It's a convenient and reliable way to track your cryptocurrency investment performance.
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