In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.
Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.
Approximate amount invested: 4.53 x $750 = $3,400
Based on my foggy memory - estimated average cost per coin: $150
Approximate current number of coins held: $3400 / $150 = 22.67 ( 1/one millionth of the total BTC supply)
No. You've made some false assumptions. I won't be too specific because I also don't want to disclose
too much.
I am responding from my regular account now... since my locked out matter has been fixed (finally, after nearly a month)
That is fair enough. I was kind of thinking that there was something wrong with my calculations and the underlying numbers that I was using.
I believe about the first 5 months of my BTC investment (between about November 2013 and April 2014), I would describe specific quantities of bitcoin that I was buying, but somewhere thereafter, I began to engage in more generalities when it come to some of my specific holdings. So, yeah, sometimes we do not need to reveal some personal specifics in order to still share some of our personal contemplations and/or bitcoin investment strategies.
Sometimes, I also write in terms of hypotheticals, and I will assert that, if I had 100 BTC, then I would invest it like x, y and/or z. 100BTC is a nice round number that gives some ideas about quantities that (currently) are plausible for some regular people (and maybe soon to become less plausible for "regular" people ... hahahahahahaha).
First off. When I said it would take 4-5 coins, I meant at $10k per coin to cover the total amount fiat I've currently spent.
O.k. that is a bit easier to calculate at about $45,000 invested, more or less.
The $40k+ I've invested includes the $6k I paid for the 50 coins I lost at MtGox.
Actually, in order to calculate average costs per BTC adequately, I personally believe that we need to account for a lot of the expenses that are largely related to our BTC investment.. otherwise, we may just be fooling ourselves regarding what is our total investment into the matter.
I have some various irregular fees that I have incurred. I have some quantity that still has not been recovered from Bitfinex. I have some that were not paid for (in other words stolen) in a trade. I also have some expenses that I consider to be reasonably related to my bitcoins that some others may not consider related, but I count those expenses too in terms of my average cost per BTC.
The $150/btc figure was just a rough guess and a while back at that. There are all kinds of intangibles like the cost of my mining expenses versus the coins I mined, and the coins I received as tips/gifts and those I spent/donated. It has also risen to over $200/btc. I keep buying the dips but the dips keep getting higher (this is a good thing!).
Sure, all those kinds of expenses are fair game, and sometimes, each of us may need to make a reasonable accounting of such expenses, even if others may have disagreement about our calculations. I do also recognize that frequently, it can be quite difficult to keep some records and make some accountings, and so sometimes, if we lose records then we may just have to reasonably estimate to the best of our abilities.
Let's just say I have over 100 and under 1000 bitcoins.
Hahahahahaha
Maybe you are being more specific than necessary? I am o.k. with playing around with you and to come up with my calculation...... and I would have even been considerably satisfied with an estimated holdings that is kind of like mine, depending on the day and how I feel, somewhere between .1BTC and 1 million...
Poll
