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