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What are the steps to calculate unrealized gain or loss for a specific cryptocurrency?

avatarMatthew RessNov 28, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to calculate the unrealized gain or loss for a specific cryptocurrency?

What are the steps to calculate unrealized gain or loss for a specific cryptocurrency?
Cryptocurrency
Unrealized Gain
Unrealized Loss

1 answers

  • avatarNov 28, 2021 · 3 years ago
    Calculating the unrealized gain or loss for a specific cryptocurrency is quite straightforward. Just follow these steps: 1. Determine the purchase price of the cryptocurrency. 2. Determine the current market price of the cryptocurrency. 3. Subtract the purchase price from the current market price. 4. If the result is positive, you have an unrealized gain. If it is negative, you have an unrealized loss. 5. Multiply the difference by the number of units of the cryptocurrency you hold to calculate the total unrealized gain or loss. That's it! If you need any further assistance, feel free to ask.

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