Is there a specific formula or method to calculate the total return on my cryptocurrency holdings?

3 answers

• Dec 24, 2021 · 3 years ago
  Calculating the total return on your cryptocurrency holdings can be done by summing up the individual returns of each cryptocurrency in your portfolio. To calculate the return of a specific cryptocurrency, you can use the formula: (Current Price - Purchase Price) / Purchase Price. Multiply the result by 100 to get the percentage return. Repeat this calculation for each cryptocurrency in your portfolio and then sum up the individual returns to get the total return. Keep in mind that this method assumes you have the purchase price and current price of each cryptocurrency.
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• Dec 24, 2021 · 3 years ago
  There is no one-size-fits-all formula or method to calculate the total return on your cryptocurrency holdings. The calculation can vary depending on factors such as the time of purchase, the price at which you bought the cryptocurrency, and the current market conditions. However, you can use various tools and platforms that provide portfolio tracking and performance analysis to get an estimate of your total return. These tools often take into account factors such as transaction fees and historical price data to provide a more accurate calculation.
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• Dec 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a comprehensive portfolio tracking feature that allows you to calculate the total return on your cryptocurrency holdings. With BYDFi's portfolio tracker, you can easily input your purchase prices and track the current prices of your cryptocurrencies. The platform automatically calculates the individual returns and provides you with the total return on your portfolio. This can be a convenient and reliable method to determine the performance of your cryptocurrency investments.
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