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Question: How much USD did you pay per BTC on average?
x < 1 USD
1 USD > x < 10 USD
10 USD > x < 100 USD
100 USD > x < 500 USD
500 USD > x < 1000 USD
*cries softly*

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Author Topic: Holders, Investors, Speculators! What's your USD average per coin?  (Read 1977 times)
cosmofly
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March 01, 2014, 07:05:45 AM
 #21

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

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seleme, have you withdrawn fiat or did you actually multiply your btc stash by 100?

I've withdrawn maybe 15k$ or so, currently I'm doing $3k per month.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
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Salivan
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March 01, 2014, 09:36:55 AM
 #22

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

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cosmofly
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March 01, 2014, 09:40:22 AM
 #23

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
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March 01, 2014, 09:49:09 AM
 #24

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

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mmitech
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March 01, 2014, 08:57:58 PM
 #25

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....  Cheesy
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March 01, 2014, 09:09:01 PM
 #26

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

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!
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March 01, 2014, 09:19:58 PM
 #27

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

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March 01, 2014, 10:01:26 PM
 #28

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....  Cheesy

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.

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Electrum is an open-source lightweight client: user friendly, fast, and one of the safest ways to store, send or receive bitcoins.
For executables (Windows, OSX, Linux, Android), source code and documentation, see the Electrum homepage.
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