Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? For example, if the current price of Bitcoin is USD $10, and you’re planning to buy USD $1, worth of Bitcoin, you’d get BTC for your USD $1, If the price of a Bitcoin goes up 50% to USD $30, each, then your BTC has also increased by 50%, thereby valuing your BTC at a great USD $1, Bitcoin IRA cannot guarantee, and makes no representation, that any investment made will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell bitcoin, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.
How to calculate bitcoin profitBitcoin Return Calculator - Investment on Any Date and Inflation - DQYDJ
There are over 1, coins and tokens available in the cryptocurrency market, and a majority of them cannot be acquired using USD or any fiat currencies. The only way to acquire the majority of these coins is through buying Bitcoin BTC first and then converting your BTC to any of these alternative coins altcoins. Hence, Bitcoin is the base currency for all cryptocurrencies and the gateway to the crypto world. Here's a guide to help you understand the differences between coins, tokens and altcoin.
Measuring your gains or losses in BTC value is, therefore, the most accurate way of valuing your investments. This method of calculating your trades takes into account the opportunity cost of holding on to Bitcoin as opposed to using your BTC to purchase other altcoins. Opportunity cost refers to the potential gain that one could have received but gave up in the pursuit of another course of action.
Your main purpose of investing in altcoins is to ensure that it generates a better return than Bitcoin, and your actual gains and losses must be measured against BTC as every coin is traded against it. A satoshi represents the smallest unit of a Bitcoin and there are ,, satoshis per one bitcoin. However, if Bitcoin tripled in price and you initially used BTC to buy your altcoin, then theoretically you have just lost in satoshi or Bitcoin value as you would have been better off just holding on to your BTC instead of buying the altcoin.
It is honestly a hassle to calculate your gains in satoshi as the volatility of Bitcoin makes it hard for you to accurately determine your current value. However, there are some great free tools that you can use to mitigate the complication. If you're on your way to buying your coins, here's a list of useful guides and resources to get you started:.
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It is only accurate to 8 significant figures. I want to calculate:. I am:. Shorting Going Long. Bitcoin Trading Calculator Profit Threshold calculates the point at which your trade will begin to make a profit after trading fees have been taken into consideration. If you have bought bitcoins going long the threshold will be the point that selling all your bitcoins will give you a profit in fiat USD. If you have sold bitcoins shorting the threshold will be the point where buying bitcoins will give you more bitcoins then you started the trade with.