How can I calculate the return on investment (ROI) for my cryptocurrency portfolio?
BroadWeb DigitalDec 18, 2021 · 3 years ago1 answers
I have a cryptocurrency portfolio and I want to calculate the return on investment (ROI) for it. How can I do that?
1 answers
- Dec 18, 2021 · 3 years agoAt BYDFi, we understand the importance of calculating the return on investment (ROI) for your cryptocurrency portfolio. It allows you to assess the profitability of your investments and make informed decisions. To calculate ROI, you need to determine the initial investment amount and the current value of your portfolio. You can then use the formula ROI = (Current Value / Initial Investment) - 1 to calculate the percentage return. Remember, ROI is just one metric, and it's important to consider other factors such as market trends and risk tolerance when evaluating your portfolio's performance.
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