How can I calculate and avoid phantom gains when investing in digital currencies?

3 answers

• Hamza sayhaMay 12, 2021 · 4 years ago
  Phantom gains refer to the situation where you have gains on paper but haven't actually realized those gains because you haven't sold your digital currencies. To calculate phantom gains, you need to track the market value of your digital currencies over time and compare it to the price you initially bought them at. If the market value has increased, you have phantom gains. To avoid phantom gains, you can consider setting a target price at which you'll sell your digital currencies to lock in your gains. Additionally, regularly reviewing your investment portfolio and rebalancing it can help prevent phantom gains.
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• Fei JiangApr 09, 2024 · a year ago
  Phantom gains are like the ghosts of the investment world. They're gains that exist only on paper but haven't been realized yet. To calculate phantom gains, you'll need to keep track of the market value of your digital currencies and compare it to your initial investment. If the market value has gone up, you have phantom gains. To avoid them, you can consider setting a profit target and selling your digital currencies when they reach that price. It's important to keep an eye on the market and make informed decisions to avoid getting spooked by phantom gains.
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• Loy TeeMar 20, 2024 · a year ago
  Phantom gains are a sneaky little trick that can catch investors off guard. They're gains that you see on your investment statement but don't actually have in your pocket. To calculate phantom gains, you'll need to track the market value of your digital currencies and compare it to your initial investment. If the market value has increased, you have phantom gains. To avoid them, you can set a target price at which you'll sell your digital currencies and take profits. Remember to stay disciplined and not let the fear of missing out on potential gains cloud your judgment. Happy investing!
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