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A comment on Website Showing How Much People Lost with Celsius Now Live. Parent comment

Re:Website Showing How Much People Lost with Celsius Now Live by TedDoesntTalk on Monday October 10, 2022 @02:44PM (#33155023)
It’s not a loss if it was never realized; if he never converted coins to fiat at a loss from the purchase, there is no loss except on paper (and that is not tax deductible).
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Re:Website Showing How Much People Lost with Celsius Now Live by RC_ITR on Monday October 10, 2022 @07:37PM (#33157649)
>It’s not a loss if it was never realized

If I hold stock in a company that goes bankrupt, I can write-off those losses, even though they never get converted to fiat.

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