Bitcoin Forum

Take the total amount of USD (or USD equivalent) you put into BTC, take your total amount of coins held right now, and calculate how much you paid on average per coin. Then enter the value above.

Why?

Cause it'll be knowledge, and knowledge sexy, that's why.

Negative cost basis, but not yet enough coins. :D

I initially bought at 140$ but it's just bit over 1.5$ now  :)

If true, that's pretty impressive. It's as if you would have started buying in in, what, 2011? I probably cut my buy-in price in half through trading, and I was pretty happy with that until you posted  :D

Yes, it's true. I got luck to buy some stuff pretty cheap and had few trades that banked me dozens, even hundreds of BTC (McxFees banked me just little bit short of 200 BTC some week or so ago after buying them two weeks earlier).

I haven't made lot from BTC vs USD, I'm crap trading that pair and usually don't unless some moves are obvious. It's mostly alts, shares and stuff.

Well below $1, but then again, I was here in early-mid 2011.

Old and gray, the Bitcoin way!  ;)

Well under $0.25/coin

If you have a profit, no matter how small, you can drive your average entry point as low as you want just by selling your stash and putting aside the profits.

seleme, have you withdrawn fiat or did you actually multiply your btc stash by 100?

I have bought (and sold) bitcoin hundreds of times. Which time are you referring to?

$5

However I sold 75% at $120

And lost abt 50% of my remaining holdings in Gox :P

It's still a difficult question because I'm not holding an 'average' of different buys - I am daytrading. I guess I could say that my cost basis based on my original investment is now $2. My first purchase was at $100.

Yeah its too complex if you try to account for daytrading properly.

I would just consider all original purchases. Like if you bought 100 at 10 and another 10 at 100, then you would just consider it as $18. Any daytrading gains could be considered by just dividing by your original investment + gain.

So if you gained 10% via trading then you could say $16... but it is just as good if you ignore it entirely.

I know, I know... I'm asking a question based on some simplifying assumptions. But keep in mind many in here are (mostly) buy&holders, and I wanted to address both traders and holders.

The question I asked was therefore: take the coins you *currently* hold, and the money you paid for them, i.e. total money sent to exchanges minus money currently sitting (as USD) on the exchange.

Very good lol

Total money sent to exchange - fiat on exchange (or withdrawn) / bitcoins owned -> Average entry point.

How simple.

Mine is a little more difficult since I had no direct investment. My initial buy-in was in the form of mining costs. I sold those coins on the way down from $32. Bought back at $2.15 and stored what I sold in the 2011 Bear market and kept the rest to trade with.

F=S*price
V=s*cur_price
(F+V)/s

Where F=current fiat, S=Coins sold out of the original holding, V=value of stored coins (s), price=best price (S) was sold at

I get a buy-in price of $0.002 per coin currently held not counting any other profits from trading.
That is the most accurate number I could come up with in just a few minutes of calculations :P

Awesome. I thought my $5 entry was nice...

But damn do I ever hate that I sold them so cheap :P

I can only say: WOW. I voted between $100 and $500, as I will not buy btc above $400, at least not until situation will change dramatically.

my advice for anyone who bought low is to hang on and not to buy more bitcoin, it will only fuck up ur cost average.

i remember someone here who bought at $50 but then when prices went to $1000 he thought we are going to the moon and bought a huge sum at $1000 now he is crying as he lost whatever profit he gained.

Started in early December. First purchases were over $1000 USD.

Through dollar cost averaging and trading I have been able to bring my cost down into the 800s on the December crash and into the 600s on the latest crash. One more good crash and I should be under the market price assuming it rebounds into high 500s.

It's hard work chasing a market downwards when you start at the peak.  

I've withdrawn maybe 15k$ or so, currently I'm doing $3k per month. I've multiply my BTC by some 70 fold so far, fiat close to by 300 fold.

huh never knew u r a day trader

I bought my coins in wide range $20 - 1100, but most of them below 100$
recently lost 25 goxcoin  but overall  I feel fine

Ur buying at $1000 probably fucked ur cost average

I tried to day trade a bit.
Actually I  have made some profit but it was all blown away recently by gox (this fucked my cost average)
Now I will try to find next exchange and maybe repeat the process there, I used to use  two exchanges in the past and  I want  to keep this habit

so my intial investment was X and I hold Y coins and X/Y gives me $55.71.


you know what is the funny part, ok I still consider my self an early adopter, I didnt buy for lower than $1, but I bought a part of my coins between $10-15 and most between $80-120, but the funniest part is that I was trading and cashing out profits.

so if X is my initial investment and Y is the number of coins I hold and Z is the FIAT profits I cashed out this means X-Z/Y = ? if this is what you want to know, guess what, that gives me -700, which means that each coin I hold has already generated $700.


really interesting, I never thought about that, you made me think about stoping trading and not caring about the price dropping more....  :D

Sorry for your loss on Gox.

I bought in at $40-$140 and sold at $250. I thought I was a real badass selling my last Cassascius coin for $350; what a bonehead!

i bought my initial couple hundred btc at ~2.80 in 2011

invested, traded and poker'ed my way down to about 0.50c/btc

Yes, that's what Pruden pointed out. If you made a profit in total, it it possible to sell coins to the point where the remaining (possibly fraction of) coins have a negative cost. That's okay, I didn't set up the question to make "gaming" it impossible, I was just trying to gauge where the forumites (or rather: the subset that votes) entered the game, approximately. Then again, the fact that I didn't mention you can have a negative cost shows I didn't really think it through initially.

I guess the whole simplistic way I asked my question really breaks apart for those who (a) daytrade a lot and (b) successfully so. Once you made a profit in total and cashed out more than your initial investment, the question really becomes more: "how much do you earn, per time x, by trading". So the question I asked really only makes sense for buy&holders, and more specifically: those b&h investors that didn't cash out their initial investment yet.