Bitcoin Forum

Economy => Speculation => Topic started by: johnrickdalaygon on November 12, 2017, 05:58:27 AM



Title: Bitcoin drops its value !
Post by: johnrickdalaygon on November 12, 2017, 05:58:27 AM
What happen if bitcoin remains dropping its value? I have money on coins.ph and it still on btc, the btc drops its value and my bitcoin decreased its number. I don't know where my funds goes.


Title: Re: Bitcoin drops its value !
Post by: Febo on November 12, 2017, 05:58:31 PM
What happen if bitcoin remains dropping its value? I have money on coins.ph and it still on btc, the btc drops its value and my bitcoin decreased its number. I don't know where my funds goes.

You will have same amount of BTC on your account on that exchange as you had yesterday. It will not change.


Title: Re: Bitcoin drops its value !
Post by: tomahawk9 on November 12, 2017, 07:07:27 PM
What happen if bitcoin remains dropping its value? I have money on coins.ph and it still on btc, the btc drops its value and my bitcoin decreased its number. I don't know where my funds goes.
Your bitcoins will not decrease even if the prices drops to $50, the value will drop but you'll still have the same amout of Bitcoins that you had before. If you see a decrease in the number of BTC you had, then most likely somone has access to your wallet, or something's happening with coins.ph. If you have a large amout of BTC, then i would recommend you to get a hardware wallet or a paper wallet, it's 10 times safer than having your coins in exchanges.