even ENJ is $0.10, everyone attend ICO still lose money. ICO price was 1ETH = 6000, at that time 1ETH = $300,
now 1ETH = $680, 6000 * 0.1 = 600.
So even ENJ is $0.10, you still lose 80$ per ETH.
No. If you came in with USD, bought ETH, traded it immediately for ENJ you are up.
Sure, you can say, if you just bought ETH and didn't trade it for ENJ you would have doubled your money at this point.
You can't compare what would have happened to the money if you made some other investment and call this a loss because. That's just voodoo math.
Your cost basis doesn't change because the type of currency or asset you sold and originally used to buy in has changed value against some other currency.
I'll have to try to report my next gain as a loss, because I sold a stock that went up more in value than the stock I bought with the proceeds. I'm guessing the IRS won't buy that one.