And this is exactly where it's about a difference in perspective. I my view, whether or not you replace what you spent, the value of your current holdings will always be minus whatever you have spent.

But in your perspective, if you replace what you spent, you're in the same position that you would have been had you not spent it.

Its two equally valid ways to look at the situation, and the difference in perspective isn't a basis for an oppositional argument, because both can be seen to be factually correct.

We don't need continue arguing about it because what we are arguing is a matter subjective perspective.