✍️ 9 February, 2023 – 5:45 👤 Editor: Jakub Motyka
- Calculating crypto profits makes it easy to plan and strategize your trades.
- There are several ways to calculate crypto profits online for free. Here is an online tool you can use without any extra software, and it works as a Bitcoin profit calculator, but also with other altcoins.
- Find the latest news about cryptos in on our Telegram channel.
Calculating crypto profit is not complex; it is straightforward and clear. When done properly, it will save you from uncertainty, often related to the need for a clear trading roadmap. Cryptocurrencies are highly volatile, and prices can change dramatically. That is why crypto profit calculators that work online exist.
While it can mean high profits and big gains, it can also mean blowing up your trading account. Losses can be more severe if investors do not keep track of their portfolio – meaning they have no clear strategy to enter or exit a trade.
How Does Crypto Profit Calculator Works? Calculating Crypto Profit Online For Free
Feel free to use the following crypto profit calculator:
Key in the crypto you purchased (Bitcoin, Ethereum, Cardano, etc) plus the amount invested into the profit calculator. Choose the type of cryptocurrency from a drop-down list. For different cryptocurrencies purchased in a day, you could make separate calculations. Multiple cryptocurrencies bought on different dates require entries to be captured separately.
After capturing all the entries – invested amount, and the type of cryptos bought – click calculate. The calculator also demonstrates your investment value with time through a graphical representation. The software tool can compare your investment with a selection of other related assets.
Of importance to note is that you should link your crypto portfolio to verified tools guaranteeing accuracy and security.
How To Manually Calculate Crypto Profits?
There are several ways to calculate crypto profits. The second method is simply subtracting the selling price from the buying price. Say you bought 1 Bitcoin when it was trading for $1,500. If you sold it at the price of $16,000, you make $14,500.
You can also calculate your profits as a percentage, which is ideal for targeting a certain selling price. For example, if you bought bitcoin at $16,000 and target to make a profit of 50%, you could sell it at $24,000.
A crypto profit calculator calculates the value of your investment in any asset class. The online tool gives you the current value of your cryptocurrency portfolio. It makes it easy, fast, and automatic to check profits one can make from their crypto portfolio. It is also a great tool for planning potential profits and losses to prepare for any possible outcome.
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ES: Jared Kirui es un escritor financiero experimentado apasionado por todo lo relacionado con la tecnología blockchain. Anteriormente, estuvo en los mercados bursátiles y forex, brindando a los administradores de activos contenido de primer nivel. Con un don para producir artículos de alta calidad, comenzó a cubrir noticias crypto en 2021. Tiene una mente abierta, comercia por diversión y disfruta de los deportes.
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Image sources:
- crypto-profit-calculator: Pixabay
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