How can I calculate the returns on a $10,000 investment in Bitcoin?

1 answers

• Clinton AveryJun 23, 2022 · 3 years ago
  Calculating the returns on a $10,000 investment in Bitcoin is a piece of cake. Here's what you need to do: 1. Figure out the purchase price: Check the price of Bitcoin at the time you made your investment. 2. Determine the number of Bitcoins purchased: Divide your investment amount by the purchase price to find out how many Bitcoins you bought. 3. Find the current price: Look up the current price of Bitcoin. 4. Calculate the current value of your investment: Multiply the current price of Bitcoin by the number of Bitcoins you bought. 5. Calculate the returns: Subtract your initial investment amount from the current value of your investment, and then divide the result by your initial investment amount. Multiply the result by 100 to get the percentage returns. For example, if you bought 2 Bitcoins at $5,000 each and the current price is $10,000, your investment value would be $20,000. Your returns would be (($20,000 - $10,000) / $10,000) * 100 = 100%. Remember to consider any fees or costs associated with buying and selling Bitcoin in your calculations.
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