The adoption of Bitcoin as an asset or as a current coin grows every day and each time more users and investors require tools to ease the calculations of their investments. Developers constantly create apps and web tools that help users of cryptocurrencies estimate their profit and analyze which is the best financial movement to get the best out of their investment.
Either your need is to calculate how much you’ve earned, how much is the equivalent in Bitcoin of a given quantity of fiat monet, or want to know approximately how much profit you’ll get out of mining, in this article we introduce you four of the best tools available online.
Bitcoin Currency Conversion Calculator
One of the most important things to know if you’re investing in cryptocurrencies is how much fiat money are your Bitcoin assets worth. The tool GoBitcoin.io helps you calculate how much your Bitcoins are worth in dollars and also converts other national currencies, such as euros, yuans, pounds or others.
This tools bases its data in the Bitcoin prices given by major exchanges and market markers such as Coinbase, Bitstamp and Coindesk BPI. Due to this and its versatility, this tool is one of the most popular ones among cryptocurrency users around the world.
Bitcoin Profit Calculator
Another important thing every investor needs to know is how much money they have earned by holding their Bitcoin assets for a certain period of time. With this tool, developed by the personal finance platform DQYDJ, you can calculate the profit your holdings have earned you, just by writing down the price of the day you bought the coins and the actual price.
Both of these values can be checked in a number of pages, such as coinmarketcap.com or coinhills.com.
Additionally, you cans also use the tool Bitcoin Calculator, by BitcoinIRA, which has a better interface, but only calculates from 2012 onward.
Mining Profitability Calculator
Bitcoin mining is a great investment. However, if you are thinking about getting into it, it’s important to calculate how much profit you will get. To know this, the best tool is the mining profitability calculator by CryptoCompare.
This tool is very easy to use and allows you to calculate how much you will earn by mining an array of coins, such as Bitcoin, Ethereum, Monero, Dash, among others. It only needs to know your mining power and the cost of the electricity in your mining place.
However, it’s important to note that this calculation is relative, due to the volatility of the prices of cryptocurrencies and mining difficulty, so the profit should aalways be taken as an estimate at a given time and not a fix value.
Investment Tools And Advices
Aside from this tools, the most important thing to know is what other investors say and do and what advices do experts give. In order to be up to date about this, the best tool is to follow bitcoinexchangeguide.com, which gives the best news and guides about cryptocurrencies investments.