Cryptocurrency Q&A
How much profit will I make on bitcoin?
How much profit will I make on bitcoin?
CryptoLord
Thu Dec 26 2024
|
6 answers
767
I'm investing in Bitcoin and I want to know how much money I can potentially earn from it. I'm curious about the possible profits I can gain from my bitcoin investment.
6 answers
amelia_jackson_environmentalist
Fri Dec 27 2024
In such cases, you use the fair market value of your crypto on the day of the transaction.
Was this helpful?
79
66
GangnamGlitz
Fri Dec 27 2024
Calculating profit from cryptocurrency involves a straightforward process.
Was this helpful?
304
60
MysticInfinity
Fri Dec 27 2024
You need to determine your cost basis, which is the total amount you spent on acquiring the crypto. This includes your purchase price as well as any fees that are allowable.
Was this helpful?
117
43
HallyuHeroine
Fri Dec 27 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service.
Was this helpful?
58
61
StormGlider
Fri Dec 27 2024
Once you have your cost basis, you subtract it from your sale price to find out your profit.
Was this helpful?
130
24
Load 5 more related questions
