Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made
Cryptocurrency prices, which have seen a significant increase since the beginning of April, have again awoken FOMO emotions in the crypto space. If you’d like to know how much profit you would have made if you’d bought certain coins right before the spike, there’s a simple tool that will perform the remorse-inducing calculation for you.
Also read: Bitcoin Forest Offers AI-Based Predictions for Crypto Markets
Calculator Answers the Question ‘What if I had Invested?’
Coin Time Machine is an easy to use website that helps answer the question “What if I had invested in cryptocurrency?” It is one of many “FOMO” calculators that are enjoying renewed interest from potential investors. The online platform allows you to estimate what your profit would have been today if you had bought cryptocurrency for a certain amount of fiat on a specific date, or simply didn’t sell your holdings.
The website offers numerous options including major world currencies like the U.S. dollar, euro, Japanese yen, and also the national currencies of countries where cryptos are popular, such as the Turkish lira.
The website can check prices of a great number of cryptocurrencies, including all of the most popular coins. Select a coin and then set a past date in the calendar when you could have made the crypto investment.
Most cryptocurrencies registered significant gains in April. Among those with the largest market cap, bitcoin cash led the pack when prices jumped. According to Coin Time Machine, if you bought $1,000 of BCH exactly a month ago, you would now have 6.15 BCH worth $1,919.50 at the time of writing.
The calculator lets you know the profit you’ve missed to make. In this case, it would have been $919.50 – that’s a 91.95% change. The website also displays a chart showing the price of purchase, which was around $162 on March 18.
If you need a reliable real-time data about the current prices and market valuations of multiple cryptocurrencies, you can always check the Bitcoin Markets cap aggregator. Bitcoin.com also offers you the opportunity to buy BCH and BTC with Visa or Mastercard in USD and EUR.
What other FOMO calculators do you know of? Tell us in the comments section below.
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Images courtesy of Shutterstock, Coin Time Machine.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.