Hey guys. Just wanted to clarify something in regards to selling crypto and generating a CGT event, and how that is calculated.
Using BTC as an example, say you buy bitcoin 5 different times, a different amount each time and all at different prices with the aim of hodling. You then combine all these assets in one exchange so all the BTC is now lumped together.
Now, down the track, if I want to sell a portion of that total BTC, how is CGT calculated, when I originally bought multiple times before deciding to sell?
All of the examples on the ATO site are way too simplified, where someone has bought then sold straight away, and I'm just a little confused. TIA
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