But it's not unrealized gains what they tax. They tax investments over 51k EUR as if it were gaining 6% yield annually, and then you pay 36% taxes over the 6%.

So say you have 1 whole coin and it is worth 100k EUR on Jan 1st: 

```
100k - 51k = 49k EUR taxable investment
49k * 0.06 = 2940 EUR tax basis
2940 * 0.36  = 1058 EUR taxes
```

100% theft

optimism

What about unrealized losses....will they cut me a check when price falls?

freetx

Only if they manage to get it from you. Until then, it's only attempted theft.