Holders, Investors, Speculators! What's your USD average per coin?

[oda.krell]

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.

[MAbtc]

Negative cost basis, but not yet enough coins.

[seleme]

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

[oda.krell]

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

[seleme]

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  

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.

[RyNinDaCleM]

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

Old and gray, the Bitcoin way! 

[mb300sd]

Well under $0.25/coin

[Pruden]

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 

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seleme, have you withdrawn fiat or did you actually multiply your btc stash by 100?

[TERA]

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

[derpinheimer]

$5

However I sold 75% at $120

And lost abt 50% of my remaining holdings in Gox

[TERA]

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

on average

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.

[derpinheimer]

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

on average

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.

[oda.krell]

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

on average

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.

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.

[derpinheimer]

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

on average

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.

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.

[RyNinDaCleM]

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

on average

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.

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

[derpinheimer]

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

on average

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.

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

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

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

[Bitcoin_is_here_to_stay]

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.

[cosmofly]

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.

[HairyMaclairy]

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.  

[seleme]

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 

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.