Cryptocurrency Q&A How much profit will I make if I sell 1 million yen in Bitcoin?

How much profit will I make if I sell 1 million yen in Bitcoin?

Andrea Andrea Sun Dec 08 2024 | 7 answers 1547
I am wondering about the potential profit I could earn if I were to sell 1 million yen worth of Bitcoin. I would like to know the estimated amount of profit. How much profit will I make if I sell 1 million yen in Bitcoin?

7 answers

EthereumEmpire EthereumEmpire Tue Dec 10 2024
This calculation is done by subtracting the acquisition price multiplied by the sales amount from the sales amount.

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TaegeukChampionship TaegeukChampionship Tue Dec 10 2024
Let's illustrate this with an example: Imagine selling two Bitcoins.

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RubyGlider RubyGlider Tue Dec 10 2024
The formula to compute profits from Bitcoin transactions is essential for tax purposes.

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Chiara Chiara Tue Dec 10 2024
Each Bitcoin was acquired at a cost of 1 million yen.

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IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Tue Dec 10 2024
You sell these Bitcoins for a total of 4 million yen.

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