How does Bitdeal Profit Calculator Works?
This Bitdeal Profit Calculator uses a simple mathematical principal to calculate the ROI of Bitdeal. It fetches the historical Bitdeal price from the database and compares with current Bitdeal Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Bitdeal you would have got by investing x$'s on that day ($x/price of Bitdeal). Now it calculates the current price of that amount in USD (current Bitdeal price * amount of Bitdeal purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_BDL_price = Price of BDL in past date;
$quantity_BDL = Quantity of BDL in past = $amount invested / $price_on_that_day;
$price_BDL = Current price of BDL;
$USD_today = ($price_BDL * $quantity_BDL) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Bitdeal you can check it here: Bitdeal Price Prediction. This predictions are based on various algorithms applied on the historical price of the Bitdeal.
If you have any query regarding the above calculator you can comment it in comment box below.