[Daily Speculation Poll] :: Your Avg. Price?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ArticMine on September 14, 2012, 08:08:34 PM

Quote from: adamstgBit on September 14, 2012, 07:59:34 PM

Quote from: ArticMine on September 14, 2012, 07:52:45 PM

Quote from: adamstgBit on September 14, 2012, 05:21:50 PM

I have a hard time believing the <1$ votes

It is not that unreasonable. Let us say I bought 1000 BTC at an average cost of 6 USD per BTC for 6000 USD total. I then sell 500 BTC for say 11.50 USD per BTC for 5750 USD. The effective average cost of the remaining 500 BTC is 250 USD or 0.50 USD per BTC.

the hard part is not buying back at 10$ after selling at 11.5 ...

i guess that's what makes my avg price suffer i always buy back

Ok. So we now have 1075 BTC for the initial 6000 USD for an effective price of 5.58 USD per BTC. Keep doing that and the effective average price will get below 1 USD per BTC.

I plan to turn 1000USD in to 21,000,000BTC Cool

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: adamstgBit on September 14, 2012, 07:59:34 PM

Quote from: ArticMine on September 14, 2012, 07:52:45 PM

Quote from: adamstgBit on September 14, 2012, 05:21:50 PM

I have a hard time believing the <1$ votes

It is not that unreasonable. Let us say I bought 1000 BTC at an average cost of 6 USD per BTC for 6000 USD total. I then sell 500 BTC for say 11.50 USD per BTC for 5750 USD. The effective average cost of the remaining 500 BTC is 250 USD or 0.50 USD per BTC.

the hard part is not buying back at 10$ after selling at 11.5 ...

i guess that's what makes my avg price suffer i always buy back

Ok. So we now have 1075 BTC for the initial 6000 USD for an effective price of 5.58 USD per BTC. Keep doing that and the effective average price will get below 1 USD per BTC.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ArticMine on September 14, 2012, 07:52:45 PM

Quote from: adamstgBit on September 14, 2012, 05:21:50 PM

I have a hard time believing the <1$ votes

It is not that unreasonable. Let us say I bought 1000 BTC at an average cost of 6 USD per BTC for 6000 USD total. I then sell 500 BTC for say 11.50 USD per BTC for 5750 USD. The effective average cost of the remaining 500 BTC is 250 USD or 0.50 USD per BTC.

the hard part is not buying back at 10$ after selling at 11.5 ...

i guess that's what makes my avg price suffer i always buy back

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: adamstgBit on September 14, 2012, 05:21:50 PM

I have a hard time believing the <1$ votes

It is not that unreasonable. Let us say I bought 1000 BTC at an average cost of 6 USD per BTC for 6000 USD total. I then sell 500 BTC for say 11.50 USD per BTC for 5750 USD. The effective average cost of the remaining 500 BTC is 250 USD or 0.50 USD per BTC.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ?? on ??

Quote from: adamstgBit on September 14, 2012, 05:56:32 PM

i would think by now the <1$ holder had sold off..

Sell Bitcoins? For... fiat? Ha! I'm not trading my good money for trash. Now, purchasing directly with Bitcoin, that's another story. Wink

no wonder price is so high....

"trash money" can buy you alot of toys

cash out you early adopter, cash out now!

SgtSpike

legendary

Activity: 1400

Merit: 1005

You missed the "I mined them" option. Wink

Though I suppose electricity costs and hardware costs could be extrapolated to give a general price-per-coin.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ?? on ??

Quote from: adamstgBit on September 14, 2012, 05:21:50 PM

I have a hard time believing the <1$ votes

I've known about Bitcoin since one was trading for $0.40. Many people knew about it much earlier than me! Why is this hard to believe?

because it wasn't 0.05 for very long and i would think by now the <1$ holder had sold off..

I was here for the very last dip to 0.75
but i only got 25$ worth Sad