Cryptocurrency Q&A
How to calculate profit in cryptocurrencies?
How to calculate profit in cryptocurrencies?
DavidLee
Wed Dec 18 2024
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6 answers
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I'm trying to figure out how to calculate my profits from investing in cryptocurrencies. I need to know the formula or method to use so that I can accurately track my earnings over time.
6 answers
Valeria
Fri Dec 20 2024
To determine the profit or loss from cryptocurrency transactions, it is essential to perform a calculation.
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EchoChaser
Fri Dec 20 2024
This involves subtracting the total purchase price, which serves as the cost basis, from the total sale price.
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Silvia
Fri Dec 20 2024
This subtraction should be done separately for each cryptocurrency that has been sold during the year.
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Alessandro
Fri Dec 20 2024
By doing so, you can ascertain the net profit or loss for each individual cryptocurrency.
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ethan_thompson_journalist
Thu Dec 19 2024
Once you have calculated the net profit or loss for each cryptocurrency, you can then sum them up to obtain the total net profit or loss for all cryptocurrencies sold in the year.
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