How can I calculate HPY for my Bitcoin holdings?

1 answers

• Nov 23, 2021 · 3 years ago
  No worries! Calculating HPY for your Bitcoin holdings is a breeze. Just follow these simple steps: 1. Determine the initial value of your Bitcoin holdings. This can be the amount you initially invested or the market value at the time of purchase. 2. Determine the final value of your Bitcoin holdings. This can be the current market value or the value at the time of selling. 3. Use the formula: HPY = ((Final Value - Initial Value) / Initial Value) * 100 to calculate the percentage change in value. For instance, if you invested $1000 and your holdings are now worth $1500, the HPY would be ((1500 - 1000) / 1000) * 100 = 50%. This indicates that your Bitcoin holdings have generated a 50% return. Remember, HPY is just one metric to assess your investment performance. It's crucial to consider other factors such as market conditions and your investment objectives. I hope this explanation was helpful! If you have any further questions, don't hesitate to ask.
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