How do I calculate the daily returns on my cryptocurrency investments?

3 answers

• Ejlersen FryeNov 12, 2024 · 8 months ago
  Calculating the daily returns on your cryptocurrency investments is a straightforward process. You can use the following formula: (Ending Value - Starting Value) / Starting Value * 100. This will give you the percentage change in the value of your investment over a day. For example, if you bought a cryptocurrency at $100 and it is now worth $120, the daily return would be (120 - 100) / 100 * 100 = 20%. Remember to subtract any fees or transaction costs from the ending value to get an accurate calculation.
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• Don BennieNov 17, 2024 · 8 months ago
  To calculate the daily returns on your cryptocurrency investments, you need to track the price of your investment at the beginning and end of each day. Take the ending value and subtract the starting value, then divide that by the starting value. Multiply the result by 100 to get the percentage change. This will give you the daily return on your investment. Keep in mind that this calculation does not take into account any fees or transaction costs.
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• ivanilson candidoNov 22, 2024 · 8 months ago
  Calculating the daily returns on your cryptocurrency investments can be done using the following formula: (Current Price - Previous Price) / Previous Price * 100. This will give you the percentage change in the value of your investment over a day. However, it's important to note that daily returns can be highly volatile in the cryptocurrency market, so it's advisable to consider longer-term trends and not solely rely on daily returns for investment decisions. If you're looking for a platform to track your investments and calculate daily returns, you can check out BYDFi, which provides comprehensive tools for cryptocurrency investors.
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