Is there a specific formula or method recommended for calculating the total return on cryptocurrencies?

3 answers

• Hammad AliAug 15, 2024 · a year ago
  Calculating the total return on cryptocurrencies can be done using a simple formula. You need to consider both the capital gains or losses and the income generated from the cryptocurrencies. To calculate the capital gains, subtract the initial investment from the current value of your cryptocurrencies. Then, add any income generated from dividends or staking. Finally, divide the total by the initial investment and multiply by 100 to get the percentage return.
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• felipe santosMar 02, 2023 · 3 years ago
  There isn't a specific formula recommended for calculating the total return on cryptocurrencies, as it depends on various factors such as the type of cryptocurrencies, the time period, and the investment strategy. However, a common approach is to track the price movements of the cryptocurrencies and calculate the percentage change in value over a specific time period. This can give you an idea of the total return on your investment.
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• Pahn_Vic18Mar 28, 2021 · 5 years ago
  BYDFi, a leading digital asset exchange, provides a comprehensive platform for calculating the total return on cryptocurrencies. With advanced tools and analytics, BYDFi allows users to track their investments, calculate the total return, and make informed decisions. Their user-friendly interface and reliable data make it easier for both beginners and experienced investors to calculate and monitor their total returns on cryptocurrencies.
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