Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: cryptocurious18 on October 10, 2017, 05:46:09 AM



Title: how to find break even point ??
Post by: cryptocurious18 on October 10, 2017, 05:46:09 AM
for example


          i bought some XVG at price 180 (quantity - 1000) 150 (quantity- 1500) 130 (quantity-2000) so how i find average ???


Title: Re: how to find break even point ??
Post by: puvanb on October 10, 2017, 05:57:17 AM
Its easy,

1.) Price * Quantity = Total Value
2.) Total Value / Total Coin Quantity = Average Price

For your example,

Total value of your coins = > (180*1000) + (150*1500) + (130*2000) = 665000
Total quantity of your coins => 1000 + 1500 + 2000 = 4500
Average value per coin = > 665000/4500 = 147.7778, which is 148 is your average price.