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> He spent 1,000 DASH / (4,000.00 [USD/BTC] / 300.00 [USD/DASH]) = 13.(3) BTC Maybe I'm calculating this incorrectly, but using the above, I come up with a cos
by npongratz 9y ago
> He spent 1,000 DASH / (4,000.00 [USD/BTC] / 300.00 [USD/DASH]) = 13.(3) BTC
Maybe I'm calculating this incorrectly, but using the above, I come up with a cost of 75 BTC for 1000 DASH. And given the current BTC price of DASH at coinmarketcap.com[0], I see 1000 DASH would run about 55 BTC.
Either way, it's certainly possible that the purchase was for diversification, if one speculates the initial BTC "basket" was quite a bit larger.
[0] https://coinmarketcap.com/currencies/dash/ https://coinmarketcap.com/currencies/dash/
- TrainedMonkey 9y agoI really screwed up my math, thanks for checking. Order of magnitude sanity check is ~10 dash for btc, so 1,000 Dash should be on the order of 100 btc.