Is there a specific formula to calculate the total return on a cryptocurrency trade?

1 answers

• Nov 28, 2021 · 3 years ago
  At BYDFi, we understand the importance of calculating the total return on a cryptocurrency trade. While there is no specific formula, you can start by calculating the percentage gain or loss on your trade. This can be done by subtracting the purchase price from the sale price and dividing it by the purchase price. However, it's important to note that this calculation does not include transaction fees or any other costs associated with the trade. To get a more accurate calculation, you may need to consider additional factors such as taxes and market fluctuations. It's always a good idea to consult with a financial advisor or use online tools that can help you calculate the total return on your cryptocurrency trades.
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