It is enumerated that sometimes you need to instantly calculate your trading profits, convert one cryptocurrency to the other one and check the potential earnings from your mining hardware.
How it is possible to do it?
Generally to calculate your trading profit, you need to do a few simple calculations manually. For instance, when you buy 2 Bitcoins (BTC) at $7.200 and sell them at $9.800, the transaction size is 2 Bitcoins (BTC). To calculate your profit, lets take the selling price of $9.800, subtract the buying price of $7.200 and multiply the difference by the transaction size. That primarily makes a profit of $5.200. So professional traders often use trading profit calculators to save time, and here are few solutions you can go for, too.
Best Mechanism by Easy Bitcoin calculator
This reputed calculator is the Bitcoin-only solution, and yet, it offers you with a quick way to calculate your profits. Just like with the previous tool, you need to insert the number of coins, Bitcoins (BTC) in this particular case, and the buying and selling prices. In contrast to the other calculator, you can also include the fees you incurred. In addition you can also specify strategies, long or short, or calculate the fees only.
It is also learnt that Currexy is splendid way to learn what your Bitcoin (BTC) investment is worth in several currencies. Just insert how much Bitcoin (BTC) youve got and view the equivalent of the same amount of money in USD, EUR, GBP, ETH, LTC and Dash.
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There are many options now. Cryptocurrency attracts many business people and I see a large number of startups now. But I myself am not an expert on such investments.