Billions of dollars lost in crypto today?

Only if you bought at the peak and sold today. Few have done that.

I am seeing headlines that billions of dollars have been lost in the cryptocurrencies today. The graphic is a screenshot from Yahoo Finance.

A loss for an individual investor is only real when the investor sells. Gains work that way, too. The base for calculating your gain or loss is what you paid for the investment WHEN YOU SELL, and not before.

By th…