A link was provided to a help desk article. Now let's say the following events occur: * On January 1, Satoshi buys three bitcoin (BTC) for $100 each * On March 15, Satoshi buys four more BTC for $200 each * On December 12, Satoshi sells five BTC for $150 each After each of the steps above, assuming first-in first-out (FIFO) accounting, what is Satoshi's: * Net Fiat Invested * Cost Basis * Capital Gain How do these three values change if Satoshi uses last-in first-out (LIFO) accounting instead? Satoshi asks you whether they should use FIFO or LIFO accounting — what do you recommend?
