Thread: Money Bitcoin Take?
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Old 05-20-2021, 08:59 PM   #2880
Fat Elvis Fat Elvis is offline
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Join Date: Apr 2001
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Quote:
Originally Posted by Third Eye View Post
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.
Plug it into your spreadsheet that you linked. It says that I am right.

edit: My mistake...it was eDave that posted the link and not you.
Last edited by Fat Elvis; 05-20-2021 at 09:07 PM..
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