Cryptocurrency Q&A
How do you calculate your Bitcoin?
How do you calculate your Bitcoin?
Valentino
Tue Dec 17 2024
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7
answers
1254
I'm trying to figure out how to calculate my Bitcoin. I want to understand the process or formula behind it. Can someone explain how it's done?
7 answers
Sofia
Thu Dec 19 2024
In addition to the purchase price, any allowable fees associated with the transaction are also factored into the cost basis.
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GyeongjuGrace
Thu Dec 19 2024
Once you have established your cost basis, you then subtract this amount from your sale price.
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Raffaele
Thu Dec 19 2024
Calculating profit from cryptocurrency involves a straightforward process.
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Valentina
Thu Dec 19 2024
The result of this subtraction is your profit or loss from the cryptocurrency transaction.
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Valentina
Thu Dec 19 2024
You begin by determining your cost basis, which encompasses your purchase price.
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