How can I calculate the ROI for my cryptocurrency portfolio?

3 answers

• Dec 16, 2021 · 3 years ago
  To calculate the ROI for your cryptocurrency portfolio, you need to determine the initial investment and the current value of your holdings. Then, subtract the initial investment from the current value and divide the result by the initial investment. Finally, multiply the quotient by 100 to get the ROI percentage. For example, if you invested $1000 and your current holdings are worth $1500, the calculation would be: (($1500 - $1000) / $1000) * 100 = 50% ROI. Keep in mind that this calculation doesn't take into account any additional costs or fees associated with trading cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  Calculating the ROI for your cryptocurrency portfolio is a straightforward process. First, determine the total amount you have invested in cryptocurrencies. Then, calculate the current value of your holdings by summing up the current prices of each cryptocurrency in your portfolio. Finally, subtract the total investment from the current value and divide the result by the total investment. Multiply the quotient by 100 to get the ROI percentage. It's important to regularly update the values to get an accurate ROI calculation.
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• Dec 16, 2021 · 3 years ago
  Calculating the ROI for your cryptocurrency portfolio can be done using various methods. One popular approach is to use a cryptocurrency portfolio tracking app or website, which automatically calculates the ROI based on the prices and quantities of your holdings. Some popular portfolio tracking platforms include CoinMarketCap, Blockfolio, and Delta. These platforms provide a user-friendly interface where you can input your transactions and track the performance of your portfolio over time. Additionally, they often offer advanced features such as price alerts and portfolio analysis tools to help you make informed investment decisions.
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