How is p/l calculated in the context of digital currencies?

3 answers

• May 01, 2022 · 3 years ago
  Profit/loss (p/l) in the context of digital currencies is calculated by taking into account the difference between the purchase price and the selling price of a digital currency. To calculate the p/l, subtract the purchase price from the selling price. If the result is positive, it means a profit has been made. If the result is negative, it means a loss has been incurred. Other factors that may affect the p/l calculation include transaction fees, exchange rates, and any additional costs associated with the trade.
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• May 01, 2022 · 3 years ago
  Calculating p/l in the context of digital currencies can be a bit tricky. It's not just a simple subtraction of the purchase price from the selling price. You also need to consider transaction fees, exchange rates, and any other costs associated with the trade. These additional factors can significantly impact the final p/l calculation. It's important to keep track of all the relevant information and use a reliable platform or tool to accurately calculate your p/l.
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• May 01, 2022 · 3 years ago
  When it comes to calculating p/l in the context of digital currencies, different platforms and exchanges may have slightly different methods. For example, at BYDFi, p/l is calculated by subtracting the purchase price from the selling price, taking into account any transaction fees and exchange rates. It's important to check the specific guidelines and documentation provided by your chosen platform or exchange to understand how they calculate p/l for digital currency trades.
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