0 sats \ 2 replies \ @freebookspls 6 Aug \ parent \ on: Bitcoin Accounting? bitcoin
How selling changes my prices (costs)? I don't get it.
write
preview
0 sats \ 1 reply \ @031ef7d322 6 Aug
Most people are probably only interested in coins still in their inventory.
https://www.investopedia.com/ask/answers/09/weighted-average-fifo-lilo-accounting.asp
If you buy 1 BTC for $10, sell it for $100, then buy another at $1000, do you consider your average price $505 or $1000?
reply
0 sats \ 0 replies \ @freebookspls 6 Aug
My bad, it was supposed to be Weighted Average instead of average price.
reply