How does unrealized P&L affect the overall profitability of my cryptocurrency portfolio?

1 answers

• Nov 28, 2021 · 3 years ago
  Unrealized P&L is an important metric to consider when evaluating the overall profitability of your cryptocurrency portfolio. It provides insights into the potential gains or losses you could realize if you were to sell your assets at the current market value. However, it's essential to remember that unrealized P&L is not guaranteed profit or loss until you actually sell the assets. Therefore, it's crucial to assess your investment goals, risk tolerance, and market conditions before making any decisions based on unrealized P&L. BYDFi, a leading cryptocurrency exchange, offers tools and features to help you track and analyze your portfolio's unrealized P&L, enabling you to make informed investment decisions and maximize your profitability.
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