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How can I calculate the ROI of my cryptocurrency investments?

avatarKhushi ShahNov 23, 2021 · 3 years ago1 answers

I am new to cryptocurrency investments and I want to understand how to calculate the ROI (Return on Investment) for my investments. Can you provide a step-by-step guide on how to calculate the ROI of my cryptocurrency investments?

How can I calculate the ROI of my cryptocurrency investments?
Cryptocurrency
ROI
Investment

1 answers

  • avatarNov 23, 2021 · 3 years ago
    Calculating the ROI of your cryptocurrency investments is crucial to understand the performance of your portfolio. At BYDFi, we recommend the following steps: 1. Determine the initial investment: Calculate the total amount of money you initially invested in cryptocurrencies. 2. Calculate the current value: Determine the current value of your cryptocurrency holdings. You can use our platform to track the prices and value of your investments. 3. Subtract the initial investment from the current value: Subtract the initial investment from the current value to get the profit or loss. 4. Calculate the ROI: Divide the profit or loss by the initial investment and multiply by 100 to get the ROI percentage. By following these steps, you can assess the performance of your cryptocurrency investments and make informed decisions for your portfolio.

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