Thread: Money Bitcoin Take?
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Old 05-20-2021, 09:41 PM   #2892
MTG#10 MTG#10 is offline
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Join Date: May 2006
Location: Springfield
Casino cash: $7014386
Quote:
Originally Posted by Fat Elvis View Post
The short and sweet of it is: Average cost = Total cost/Total amount of shares.

I was assuming 6000 total shares rather than .1439 total shares.
My purchase amounts at the btc prices were hypothetical but they were close to what I have. So to be exact I divide the total cost by the amount of bitcoin I actually have. That was the next idea I had before I decided to ask here. Now that I think about it, that makes perfect sense and is how I figure out my average stock buy-in prices.
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