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Title: I am new to investing I have a question, if i invest 20$ Post by: NativeSoldier on December 23, 2013, 03:21:44 AM 1 bitcoin is currently going for 650$ but lets say I invest 20$ into coinbase and then 1 bitcoin becomes worth 750$ does that mean my 20$ will become a higher profit or do I need to buy one bitcoin to see a profit ... I am confused lol so anything I invest even if its a dollar as long as bitcoin profits rise that dollar rises correct?
Title: Re: I am new to investing I have a question, if i invest 20$ Post by: PhukkYou on December 23, 2013, 03:26:38 AM it'll rise a little bit sure, but i suggest mining altcoins and holding on to them to exchange for btc later...
you cant lose real money if you don't put real money in.... why am i telling you this?? fuck it, go blow 3 whole paychecks on bit coins and hope for the best! Title: Re: I am new to investing I have a question, if i invest 20$ Post by: NativeSoldier on December 23, 2013, 03:28:16 AM it'll rise a little bit sure, but i suggest mining altcoins and holding on to them to exchange for btc later... you cant lose real money if you don't put real money in.... why am i telling you this?? fuck it, go blow 3 whole paychecks on bit coins and hope for the best! Lol I am confused on investing I dont even know wtf to do with altcoins Title: Re: I am new to investing I have a question, if i invest 20$ Post by: deepceleron on December 23, 2013, 04:40:50 AM Bitcoin is not an investment. You could obtain 0.02 bitcoin, but nobody honest is going to promise you anything in return, except that you now have internet money you can spend on things. Most believe that in the long term though, Bitcoin has only two options, to zero or to the moon.
Title: Re: I am new to investing I have a question, if i invest 20$ Post by: freedomno1 on December 23, 2013, 04:44:44 AM You obtain the BTC at the market price bitcoin moves up or down when you sell if you bought cheaper == $$$ if you sell more expensive or same price including fee == Loss :)
Title: Re: I am new to investing I have a question, if i invest 20$ Post by: BCPZalkota on December 23, 2013, 05:56:26 AM Your thinking too hard, Its very simple just dont think of one btc meaning anything special.
If you buy .5 btc when one whole btc is $100 and then you sell that .5 btc (which you bought FOR $50) when one whole btc goes to $300, then you will receive .5 of the new btc price($300), so you made $100 profit (sold for $150 - $50 original investment) Title: Re: I am new to investing I have a question, if i invest 20$ Post by: jonanon on December 23, 2013, 06:52:32 AM If you invest $20 you will get a fraction of a Bitcoin.
If the price of Bitcoin goes up your fraction of a Bitcoin will be worth more so if you sold it you would get more than your initial $20. If the price of Bitcoin goes down your fraction of a Bitcoin will be worth less so if you sold it you would get less than your initial $20. ;) Title: Re: I am new to investing I have a question, if i invest 20$ Post by: EarthcoinMOON on December 23, 2013, 08:47:17 AM how old are you?
Title: Re: I am new to investing I have a question, if i invest 20$ Post by: young3dvard on December 23, 2013, 09:45:30 AM 1 bitcoin is currently going for 650$ but lets say I invest 20$ into coinbase and then 1 bitcoin becomes worth 750$ does that mean my 20$ will become a higher profit or do I need to buy one bitcoin to see a profit ... I am confused lol so anything I invest even if its a dollar as long as bitcoin profits rise that dollar rises correct? Yes, in your example you will be able to sell your 0.03077 Bitcoins for 23$ |