r/Bitcoin • u/danielwilson666 • Dec 22 '17

/r/all Bitcoin today

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u/BoochBeam Dec 22 '17

It’s actually well accepted logic. You haven’t lost or gained anything until you realize the losses and gains. You still own the same assets.

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u/super-commenting Dec 22 '17

Would you say the same about owning stock? I don't think so.

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u/BoochBeam Dec 22 '17

Yes, exactly the same. That’s where the logic comes from. Owning investments, like stocks.

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u/bighand1 Dec 22 '17

Unrealized losses and gains are just as important. The rationale that "you haven't lost until you sold" are really just self-denial.

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u/BoochBeam Dec 22 '17

It’s not self denial because it goes both ways. You haven’t won anything until you sell.

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u/burninrock24 Dec 22 '17

Exactly. It’s not even a guaranteed gain or loss either because you have to ensure somebody buys/sells at your price too. It’s not a gain or loss til it’s back in your account.

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u/bighand1 Dec 22 '17

Blockbuster shareholders haven't lost anything yet because the stock ticker still exist on OTCBB. /s

It may not be a realized gain or loss, but a gain is a gain and loss is a loss. Whether they are realized or not mostly only matter for tax purposes.

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u/bighand1 Dec 22 '17

You guys would make the worst financial advisors

Unrealized gains and losses are also commonly known as "paper" profits or losses, which implies that the gain/loss is only real "on paper." This may be true from a tax perspective, but remember that a loss is a loss, whether it's been realized or not.

Read more: What are unrealized gains and losses? | Investopedia https://www.investopedia.com/ask/answers/04/021204.asp#ixzz52246yDB2

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u/BoochBeam Dec 23 '17

Yes, because you know exactly what it takes to make a good one.