Quote:
Originally Posted by Fat Elvis
You dollar cost average is $42,333/bitcoin.
If you can't figure this shit out, you should let someone else manage your money.
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Seems to have gotten a little testy in here, so I hate to mention that this isn’t really correct. Put it in a spreadsheet yourself and you’ll see that at this price his investment is still positive about $95. The problem is you are taking the weighted average of the amount invested and the share/coin price. What you need to do is take the weighted average of the number of shares/coins and share/coin price. The real answer is roughly $41,674.