PoolMinor
Legendary
*
Offline Offline

Activity: 1663
Merit: 1060


XXXVII Fnord is toast without bread


View Profile Personal Message (Offline)

Ignore
June 15, 2014, 10:07:03 PM

Your poll has merit, but is limited in that if I had bought BTC30 at say $500 I would expect that the 30% yield would be requiring a $650 price point (after fees). Therefore I would sell ~BTC23 to recoup my $15,000 leaving me ~BTC7 . Meanwhile if the price continues to drop after selling I can buy back cheaper than my selling point affording me a lower cost average as it falls. If the price goes up I still have retained some BTC and won’t find the need to kick myself for selling too early.

Now I realize people might say, after you broke even your cost average is zero on the remaining ~BTC7 and any future buybacks only increase your cost average, this is true. But as the price continues to fall any future purchases do lower the cost average after the initial buyback.

This poll isn’t really for me as I never purchased any BTC to begin with and my cost average currently is -$570+ for any remaining BTC I have.