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The premise of profit and loss for $BTC is to treat it as a highly volatile, speculative risk asset with no cash flow backing and potential for significant drawdowns, only involving spare money that you can afford to lose completely without affecting your life. Its value mainly depends on market consensus and capital support; scarcity only affects supply and does not guarantee price increases. Book profits are unrealized gains until sold and converted to cash. Leverage amplifies both gains and losses simultaneously. If the private key or platform encounters issues, the asset may disappear entirely. Therefore, what truly determines the outcome is whether your position size allows you to sleep well, whether your principal can withstand total loss, and whether your buying and exit logic is clear.