How can I calculate my cryptocurrency returns accurately?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! Calculating cryptocurrency returns accurately requires a few steps. First, you need to gather all your transaction data, including the date, amount, and price of each trade. Then, you can use a spreadsheet or a cryptocurrency portfolio tracker to calculate your returns. Simply subtract the total cost of your investments from the current value of your portfolio, and divide it by the total cost to get the percentage return. Keep in mind that transaction fees and taxes should also be considered in your calculations. Happy investing!
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• Dec 18, 2021 · 3 years ago
  Calculating cryptocurrency returns accurately can be a bit tricky, but it's definitely doable. One way to do it is by using a cryptocurrency portfolio tracker. These tools can automatically import your transaction data from various exchanges and calculate your returns for you. Another option is to manually track your trades and use a spreadsheet to calculate your returns. Just make sure to include all the necessary information, such as the date, amount, and price of each trade. Remember to also consider transaction fees and taxes in your calculations. Good luck!
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• Dec 18, 2021 · 3 years ago
  Calculating cryptocurrency returns accurately is essential for evaluating your investments. There are several methods you can use, depending on your preferences. One popular approach is to use a cryptocurrency portfolio tracker like BYDFi. It automatically syncs with your exchange accounts and calculates your returns in real-time. Another option is to manually track your trades using a spreadsheet. Just make sure to include all the necessary details, such as the date, amount, and price of each trade. Don't forget to factor in transaction fees and taxes to get a more accurate picture of your returns. Happy calculating!
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