Steps for using the Bitcoin Profit Calculator

The Bitcoin profit calculator helps you estimate your profit based on your Bitcoin holdings and selected dates.

Follow these simple steps to use the calculator:

Step 1 - Select the Cryptocurrency
Choose the cryptocurrency you want to calculate the profit or loss for. In this example, select BTC (Bitcoin) from the options available at the top (other options include ETH, BNB, DOGE, SHIB, etc.).

Step 2 - Enter the Date of Investment
Input the date you made your initial investment. Use the calendar icon to select the exact date.

Step 3 - Enter the Buy Price
The Buy Price is automatically calculated from the data based on the date you entered. However, if needed, you can manually adjust this value by inputting a different price in the field labeled Buy Price.

Step 4 - Enter the Investment Amount
Input the amount you invested in the field labeled Investment. This represents the total capital you put into purchasing the cryptocurrency.

Step 5 - Add Investment and Exit Fees (Optional)
If applicable, input any fees you paid during the purchase or sale of the cryptocurrency. These could be transaction fees or other related charges. You can add them in the Investment Fee and Exit Fee fields.

Step 6 - View Investment Outcome
Once all fields are filled out, the bitcoin profit calculator will automatically generate the outcome of your investment based on Bitcoin's current price. It will show how much your investment would be worth today.

Step 7 - Review Profit/Loss
Below the outcome, the bitcoin profit calculator will display your profit or loss. It will show how much you've gained (or lost) and the percentage of ROI (Return on Investment) based on your inputs.

Automatically Track and Identify Crypto Investment Opportunities

With Wisesheets, you can easily track and analyze cryptocurrency investments directly on your Excel or Google Sheets spreadsheet.

The WISEPRICE function allows you to access live and historical price data for various cryptocurrencies, enabling you to make informed investment decisions.

Here’s how you can use it to track crypto investments and spot opportunities:

Track Real-Time Cryptocurrency Prices
function to fetch live prices of any cryptocurrency, such as Bitcoin, Ethereum, or others.

=WISEPRICE("BTCUSD", "Price")

This retrieves the current live price of Bitcoin in USD, helping you monitor market conditions in real time.

Analyze Historical Cryptocurrency Prices
Evaluate historical trends by fetching past prices over a specific date range. This helps you identify entry and exit points for your investments.

=WISEPRICE("BTCUSD", "Close", ,"01/01/2024", "01/30/2024")

This formula will return the closing price of Bitcoin from January 1, 2024, to January 30, 2024, helping you track Bitcoin's performance over that period.

Monitor Short-Term Price Change
For quick tracking of recent performance, you can get the closing price for a specific number of days.

=WISEPRICE("BTCUSD", "Close", 10)

This retrieves Bitcoin's close price for the last 10 days, allowing you to keep track of short-term price fluctuations.

Identify Investment Opportunities
By using live and historical data with Wisesheets, you can track how cryptocurrency prices change over time. For example, you can monitor when prices drop or rise to decide the best times to buy or sell.

Customize and Automate Crypto Tracking
You can automate your tracking process by setting up formulas that dynamically update whenever you refresh your spreadsheet. This way, you can monitor multiple cryptocurrencies at once without manually inputting data every time.

=WISEPRICE("ETHUSD", "Close", ,"01/01/2024", "01/30/2024")

You can apply this same function for various cryptocurrencies like Ethereum, Binance Coin, or Dogecoin, and compare multiple coins side-by-side.

Frequently Asked Questions (FAQs) for the Bitcoin Profit Calculator

How does the Bitcoin Profit Calculator work?
The Bitcoin profit calculator allows you to estimate your potential profit or loss based on your Bitcoin holdings. You input your purchase date, buy price, investment amount, and fees (if applicable), and the calculator shows your investment’s current value based on Bitcoin's latest market price. It also calculates your return on investment (ROI) and overall profit or loss.

What do the "Investment Fee" and "Exit Fee" fields represent?
The Investment Fee is any fee you paid when you bought the Bitcoin (e.g., transaction fees on exchange). The Exit Fee is the fee you expect to pay when selling the Bitcoin. Including these fees helps give you a more accurate profit or loss calculation.

Can I use the Bitcoin Profit Calculator for other cryptocurrencies?
Yes! You can select other cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), and more from the top of the calculator. The steps remained the same regardless of the chosen cryptocurrency.

How does the calculator retrieve the current Bitcoin price?
The calculator uses real-time data from trusted cryptocurrency sources to display Bitcoin’s current price. This ensures the results reflect the latest market conditions.

What is ROI in the Bitcoin Profit Calculator
ROI stands for Return on Investment. It is a percentage that represents how much you have earned (or lost) compared to your initial investment. For instance, an ROI of 100% means you have doubled your investment.

Do I need to account for transaction fees?
While the Bitcoin Profit Calculator will give you accurate results based on market prices, adding transaction fees in the Investment Fee and Exit Fee fields will provide a more realistic outcome by factoring in the cost of buying and selling Bitcoin.

Can I calculate profits for a specific date range?
Yes, by entering the buy date and using the current Bitcoin price, the calculator will provide results based on how long you’ve held your Bitcoin investment. It is a useful way to track your profit or loss over time.

How accurate is the Bitcoin Profit Calculator?
The accuracy of the Bitcoin Profit Calculator depends on the data you enter, including the purchase price, date, and any applicable fee. The real-time Bitcoin price is fetched from live data sources, which ensures the most current information for calculating your potential profit or loss.

Is it possible to use this calculator for historical Bitcoin prices?
Yes, the Bitcoin Profit Calculator uses the buy date you provide to retrieve historical Bitcoin prices. This allows you to determine how much your Bitcoin would be worth today based on past investments.

What should I do if the calculator is not providing expected results?
Ensure that all fields (Buy Price, Investment, Fees, etc) are correctly filled in. If the Bitcoin price or ROI still seems off, it may be due to rounding differences or incomplete data. You can try refreshing the page or double-checking your input values.