How can I calculate the percentage gain on my cryptocurrency investment?

1 answers

• Therkildsen MorenoMar 06, 2024 · a year ago
  Calculating the percentage gain on your cryptocurrency investment is essential to evaluate your investment performance. Here's a simple method to do it: 1. Determine the initial value of your investment. This is the amount of money you initially invested in cryptocurrency. 2. Determine the current value of your investment. This can be done by checking the current market price of your cryptocurrency holdings. 3. Calculate the gain by subtracting the initial value from the current value. 4. Divide the gain by the initial value and multiply by 100 to get the percentage gain. For example, if you invested $1000 initially and your investment is now worth $1500, the gain would be $500. Dividing $500 by $1000 and multiplying by 100 gives you a percentage gain of 50%. Keep in mind that this calculation does not take into account any fees or transaction costs. I hope this helps! If you have any more questions, feel free to ask.
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