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