How can I determine the total return on my Bitcoin holdings?

3 answers

• Dec 24, 2021 · 3 years ago
  To determine the total return on your Bitcoin holdings, you need to calculate the difference between the current value of your holdings and the initial investment. Start by finding the current price of Bitcoin and multiply it by the number of Bitcoins you own. Then, subtract the initial investment amount from the calculated value. This will give you the total return on your Bitcoin holdings. Keep in mind that this calculation does not take into account any transaction fees or other costs associated with buying or selling Bitcoin.
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• Dec 24, 2021 · 3 years ago
  Calculating the total return on your Bitcoin holdings can be done by using various online tools and platforms. These tools provide real-time data on the current price of Bitcoin and can help you track the performance of your investments. Some popular platforms include CoinMarketCap, CoinGecko, and TradingView. By inputting the amount of Bitcoin you own and the price at which you bought it, these tools can calculate the total return on your holdings and provide you with valuable insights into your investment performance.
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• Dec 24, 2021 · 3 years ago
  Determining the total return on your Bitcoin holdings is crucial for evaluating the success of your investment. One way to do this is by using the BYDFi platform. BYDFi offers a comprehensive portfolio tracker that allows you to monitor the performance of your Bitcoin holdings in real-time. With this tool, you can easily calculate the total return on your investments and gain valuable insights into your portfolio's performance. Additionally, BYDFi provides advanced analytics and reporting features that can help you make informed investment decisions.
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