Personal Finance & Money Asked by user3052526 on August 4, 2021
First excuse my maths and limited finance knowledge.
I am testing investing in crypto and trying to calculate my ROIs, Profit/Loss etc and getting stuck a bit and was wondering if anyone can help!
First example
Lets say i buy
10 BTC for 100 USD/ coin on 1st of January making the total investment
of 1000 USD
i know we all wish
Lets say the Current Value for BTC is 300 USD/coin
My Profit/Loss will be 2000USD
which is 3000 (current value) - 1000 (initial investment)
My ROI is 2000/1000
which is 2%
I think so far i am on the right track!
Now my first question is
Lets say i buy
10 BTC for 250 USD / coin on 5th of Jan
How do i factor in
My Second question is
Lets say i SELL
5 BTC for 150 USD / coin on 10th of Jan
Again how do i factor in my
I think what i am missing is how i calculate my Total Invested amount.
And my third question is how do i calculate my Daily ROI
after buying and selling coins over time?
I appreciate that this is way too much to ask, so perhaps google terms to search for will suffice. As i think i am missed the correct terms to use in my searches.
Thanks
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