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You have $1,000. 1 BTC is currently $1,000 and Litecoin is $10 or 0.01 BTC each.
You make two trades.
1) You buy 1 BTC.
2) You then buy 100 LTC at 0.01 BTC each. This is your second trade.
The next day, BTC goes up to $2000, but LTC drops to 0.0075 BTC.
If you would have held BTC, you would be $500 richer, but your second trade caused you to driectly lose BTC.
However, your initial trade still netted you $500, despite your LTC now only being worth 0.75 BTC.
Are you up $500, or are you down $500?
Is it a loss, or is it a missed opportunity, despite buying LTC being a conscious choice instead of a lack of action?
Explain your reasoning.
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If you consider fiat to still be the end-goal in purchasing cryptocurrencies (which isn't a bad thing), then the investment you put in can not be considered gain or loss until you cash out.
Also, missed opportunities are not loss. That is what leads to FOMO, which leads to buying highs, which actually leads to loss.
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>>3318988
Is it a missed opportunity if it was caused by action (buying an asset / LTC) instead of inaction (doing nothing)?
Is it a loss (because your action bought an asset that directly dropped)?
Why or why not?
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>>3318912
I don't really care about fiat value
I'd feel a loss after LTC drop but wouldn't sell until it surpassed 0.01
my reasoning is that BTC has virtually unlimited upside whereas fiat is a piece of shit that loses value yoy and merely a necessary evil required to pay an army of renseeking monopolies
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>>3318912
>You make two trades.
I cash out and buy hookers.
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>>3318912
The answer is simple
Buy the ___.
You know what goes there.
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>>3318912
You are up 500 and missed out on potential further gains of 500
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