HOW DO YOU CALCULATE THE PROFIT/LOSS IN A SALE SPOT ORDER BTC/USDT?
I like this formula
First of all, let a number of bitcoins be bought and (x1) is how much you paid for it.
Now the price of 1 bitcoin changes
Then you use the formula:
x2= (New value of 1 bitcoin)*(Number of bitcoins you have)
Now you just find the difference between x1 and x2. This will give you your profit/loss.
All you have to remember is the initial value. In your case it is 50.
Therefore,
x1=50
your bitcoins, in this case, = 50/3916.74 ~ 0.0128
x2= 4200*0.0128 = 53.76
EX. SELL $950 BTC AT 45000 and then the price goes up to 50000 profit or loss
x 1 is the bitcoins i bought or the number of bitcoins i sold?
example 950/45000 0.021 0.021 x 50000 = 1000 1055-950= 105 loss???? OR
950/50000 = 0.019 0.019X45000 = 855 950-855 = 95 LOSS
THANK YOU !!!!!!!!!!!!!!!!!!!!!!!!
If any other formula it will be appreciated.
Many Thanks
