average buy price

[easypeasy]

Hi folks, say for example you have been buying a coin in stages over a period of 3 months or so, all different prices and all different amounts, whats the easiest way to work out the average buy price for all them transactions

Im sure theres an easy way, its a pity the exchanges dont tell you (bittrex and cryptopia) the betting exchanges do it as normal dont know why the crypto exchanges do

thanks for any pointers

[themaxx]

(price 1 * amount 1) + (price 2 * amount 2)  + (price 3 * amount 3) / (amount 1 + amount 2 + amount 3)  = average price per coin

[Tstar]

Hi folks, say for example you have been buying a coin in stages over a period of 3 months or so, all different prices and all different amounts, whats the easiest way to work out the average buy price for all them transactions

Im sure theres an easy way, its a pity the exchanges dont tell you (bittrex and cryptopia) the betting exchanges do it as normal dont know why the crypto exchanges do

thanks for any pointers

(price 1 * amount 1) + (price 2 * amount 2)  + (price 3 * amount 3) / (amount 1 + amount 2 + amount 3)  = average price per coin

Yep, simple math.

And one easier formula:

(All spent amount) / total coin = average price.

For example you've bought coins for 1.342, 0.534 and 2.11 BTC and then you have 5322 coins total = 0.00074896655 per coin

[easypeasy]

thanks very much guys, much appreciated

I got kicked out of math at school and demoted to arithmetic only so its not my fault lol

cheers

[Ging]

i personally use the dragon shape i sell when the coin hits the back of the dragon and i buy when the coin diagram hits the head of the dragon.

[easypeasy]

i personally use the dragon shape i sell when the coin hits the back of the dragon and i buy when the coin diagram hits the head of the dragon.

what is the dragon shape bud, never heard of that

wont help me find the average price lol but sounds interesting enough to ask

[themaxx]

thanks very much guys, much appreciated

I got kicked out of math at school and demoted to arithmetic only so its not my fault lol

cheers

Who would have thought that algebra would be actually useful in real life!!!?!?!?

[eaglewhite80]

thanks very much guys, much appreciated

I got kicked out of math at school and demoted to arithmetic only so its not my fault lol

cheers

I can imagine how terribly bad you must have been to be kicked out of math class for not at least knowing average calculation which is more of a simple arithmetic. It's not your fault really so we cannot blame you. You made my day with that statement though because I laughed and fell off my chair. Good luck in your arithmetic.

[easypeasy]

thanks very much guys, much appreciated

I got kicked out of math at school and demoted to arithmetic only so its not my fault lol

cheers

I can imagine how terribly bad you must have been to be kicked out of math class for not at least knowing average calculation which is more of a simple arithmetic. It's not your fault really so we cannot blame you. You made my day with that statement though because I laughed and fell off my chair. Good luck in your arithmetic.

lol nice one bud!

what i should have said/meant was that i could get out the paper, pen and calculator and manually do it but i want it so its automated somehow, imo the exchanges should have an "average price" button like the bookmakers websites etc

glad i brightened your day tho 

[easypeasy]

thanks very much guys, much appreciated

I got kicked out of math at school and demoted to arithmetic only so its not my fault lol

cheers

Who would have thought that algebra would be actually useful in real life!!!?!?!?

i cant even spell it never mind use it