September 15, 2021
2 Minutes

How To Calculate Bitcoin Profit

Use the Bitcoin Profit Calculator I've created in Google Sheets to calculate your Bitcoin profit. Based on your inputs, you'll get data on your portfolio.

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Understanding the profit or loss of your Bitcoin portfolio is crucial. One reason for tracking your portfolio is that it'll allow you to make informed Bitcoin investments.

Unfortunately, not every platform gives you insights into your Bitcoin portfolio. And, if you follow a Dollar Cost Averaging Strategy on various platforms, it can become even more challenging to get an accurate reflection of your portfolio. For that reason, I recommended that you calculate the profit or loss of your portfolio independently.

You can use a free app such as CoinMarketCap to track your portfolio. It's a great multi-platform app. One of its most valuable features is that it allows you to enter each transaction you make. From that data, the app will calculate your profit or loss.

Alternatively, you can use the Bitcoin Profit Calculator I've created in Google Sheets. Based on your inputs, you'll get crucial data on your portfolio. Here's how it works:

To get access to the Bitcoin Profit Calculator in Google Sheets, enter your email address. (Save the Sheet into your drive by clicking 'file'. Then, 'make a copy').

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