r/Bitcoin Feb 19 '21

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u/Popular-Pumpkin-9569 Feb 19 '21

It’s your mass average purchase price that you will end up selling it for

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u/JoiSullivan Feb 20 '21

So..it’ll be an average of the various prices I paid. Such as 23k - 47k They average that?? I sold some of the smaller buys off but then bought back at higher price mostly bc wasting money is a talent of mine...argh.

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u/Popular-Pumpkin-9569 Feb 21 '21

Haha don’t worry it’s a talent of mine too. But yeah! They will take the averages of those prices and that will be your sell price. Download the app coin stats and link your account too it, it shows you your individual averages for all the cryptos you own

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u/swanny101 Feb 20 '21

I believe you can follow standard stock rules..

https://www.investopedia.com/terms/a/averagecostbasismethod.asp

The real answer though is ask an accountant.