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