waves raised 30094 BTC according to ICO statistics
BTC was worth around 540$ at a time when ICO has ended
so Waves marketcap was 16250760$ at a time when ICO has ended
1 Wave equaled ~0,1625 $
as far as i can see we're well in the money for some time since BTC is ~640$ and waves marketcap is 20518200$
we earned like 25% so far... all is good
Nobody bought with USD as there was no way to buy directly with fiat. The ICO was BTC only so it's incorrect for anyone who bought in the ICO to say they are in profit at present because they look at the dollar value.
In order to do the calculation correctly you need to look at how much your Bitcoin would be worth if it wasn't put into the ICO and compare that to the value of your ICO WAVES. WAVES is still under the ICO price in BTC and the bitcoin price is still significantly higher in USD value than it was throughout the ICO.
The only ones who can be in profit are those who bought during the dip after the ICO.
I'm not deliberately destroying people's enthusiasm but unless they do the right calculations and look at things realistically it is impossible to understand how much your gains and losses are. It may seem harmless but this kind of clueless investing and ignorance is what leads to panic buying and selling.