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