Why holding onto virtual currency continuously won't incur losses?

Kabir903

Actually, sometimes I don't quite understand why some people say that regardless of the fluctuations in the value of virtual currency, as long as you continue to hold, you won't incur losses. If I buy a coin at a high price, similar to stocks, wouldn't I incur losses if its value drops? For instance, I currently hold Mana, bought at a high price, and unless its price rises to the level I bought it at, I am already at a loss. While virtual currencies may eventually recover, it takes time, and my initial investment is locked in. Regardless, it seems like I am still at a loss. Can someone explain what it truly means to 'not incur losses as long as you keep holding'?

Pooja193

Coins with value won't incur losses; as for those without value, just prepare for them to be reset to zero.

Nimmi373

In the self-hypnotized world of existence, nothing incurs losses.

Jatin255

Whether there will be losses or not depends on different rules and standards; naturally, the conclusions will vary.

Kapil334

As a person, you should broaden your perspective. The more you see and the higher you aim, the more facets you'll perceive in approaching things.

Shri333

Virtual currency is also considered real money. When you hold money, do you consider yourself as having no money?