Quote:
Originally Posted by Third Eye
Correct, and if you look at the first column, it asked for contracts/shares, not dollars invested. He didn’t purchase 1000 coins at $52K, he purchased 1/52 of a coin at $52000. If you put the amount of coins and purchase price in the link eDave provided, you’ll get my answer.
Edit: I’ll admit, I could be wrong, he absolutely could have purchased 1000 coins @ $52000 and all of the others. If he did that, then not only am I wrong, but I’m asking for a loan.
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No, we read the question completely differently, and yeah I came up with an average cost in the neighborhood of what you did if we assumed that he was listing what he spent rather than the number of coins he purchased. My average cost of $41,671 vs your average cost of $41,674 (rounding error on one of the transactions).
I thought he was doing completely hypotheticals since he said that there were five transactions and listed four with simple whole numbers.