Did bitcoin die?

12-08-2018, 07:04 PM

Sabz Wrote: Know a guy who didnt sell his coins when they were worth like 16k and he lost 50k+.

Well, a reduction in unrealized gains isn't a loss by any metric.. unless he did something like spend $150,000 cash on BTC when it was worth 12k, miss the peak, and ultimately sell it all off when it worth 8k, he didn't lose 50k...by the same token, if he's still got the BTC, he hasn't actually lost or gained anything at all yet.. it's an important distinction, especially when it comes to taxes (capital gains/losses vs unrealized gains/losses)... just sayin

But either way,it's still always a bummer knowing that you could've easily made however much more $$ and I definitely understand the painthat can go along with it.