How do I make sure to not lose $ value in BTC?

[JB0011]

From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.

Is there a way? Any suggestions?

[iwasneverhere]

You can change your bitcoin to the dollar first (if the price is high), and when the price is low you can go back to buy bitcoin, and sell it at a higher price

[Pearls Before Swine]

Yep, that's the problem with getting paid in BTC.  People are always wondering how to earn it directly, but the volatility is a huge drawback.  If you're using it to pay your bills and such, you ought to convert it to fiat as soon as is feasible. 

If you think bitcoin is going to keep going up and don't need it immediately, just hold it.  I don't know of anyway to hedge the volatility, and I've never heard any good suggestions as far as that goes.

[espante]

Sounds like what you really want is tether, its a digital currency that runs on the blockchain fixed to the US$.

That is the only way to guarantee you have the same value later on as what you put in or received.

[stompix]

Is there a way? Any suggestions?

Yeah , exchange them to fiat. End of drama.

Sounds like what you really want is tether, its a digital currency that runs on the blockchain fixed to the US$.
That is the only way to guarantee you have the same value later on as what you put in or received.

That is a one way trip to getting scammed.
Nothing guarantees the value of that scamcoin.
They just dumped it on fools at a 1$ price and let's see how it will do if in two months you will try to get it back.

Wait for them to fill in their bags and you'll see how it will unfold.

[zarados]

From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say.

If the payment you receive also different, if the price is
high, you get paid with 0.2 BTC for example, and if the price goes down you get paid 0.3 BTC. If that's the case, the best way is to save the btc you received when the price went down, and find the right time to sell the other. Of course the choice to keep it in the long term is a wise choice. Make a list of btc you received in detail, so it's easy for you to manage it.

[ivrynx]

make sure that you know when to quit using your bitcoin or not, what i think is if you value how much it costs you also know when to buy low and sell high, think of it as an investment if you know bitcoin will go up in the coming week, you won't loose, since the value in dollar will also rise, but if if your intuition tells otherwise, do some research and try to see it on an investor's perspective, that will surely help a lot.

[babar123]

you can short the same amount of bitocin you get, on an exchange, its a good way to be sure you ar enot gonna lose any fiat money from the bitcoin you get, you can do instantl-y when u get it

[epinay]

Just don't sell them and wait until 2039

[bitcointarget]

I don't really understand you. You don't want to cash it out and you want to keep it in your wallet with fixed value. Then what do you plan? This is not possible. You have to either get USDT or cash it out for this. Otherwise its value will fluctuate much.

[szpalata]

I guess the OP would need some balls to hold those bitcoins up until the right time where he would have made more than 100% profits on this investment. That's when you can say you haven't lost any value in BTC because in the short term you'll be taken on a roller coaster ride.

[Wind_FURY]

OP, your problem has an easy fix. Buy and hold, fasten your seat belts and enjoy the ride. Bitcoin will always be very volatile, nothing can change that. If you want a more stable currency keep holding US Dollar notes.

[Ultegra134]

If you are getting paid a fixed amount in dollars, let's say $100 (0.036xx in BTC now) the best way to retain their value is to exchange them for a Fiat currency immediately, you could directly use the exchanger's BTC deposit address too.
That's if you don't want to risk losing any value, you could also hold and see how it turns out.

[Juggy777]

From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.

Is there a way? Any suggestions?

I can understand your concern but honestly you ate just being paranoid. For example say you had 2k two weeks back, that took a plunge to 1700$ last week and this week it went 2700+ so what loss did you make, look mu suggestions is when prices are. Going down don't look at it, and when it's high sell it, a tip: in Bitcoins what goes up down, comes up stronger and better. Or if you need Fiat then keep on trading it for Fiat when you feel prices are high.

[Herbert2020]

From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet.

this means you are accepting the risks and have so far been earning a lot of profit.
lets say you started doing this only for the past 6 months. and that means if you got paid $2000 in January now you have $5500 because of the profit you gained from this past 6 months for just letting the coins stay in your wallet!!!

But lately there has been A LOT of fluctuation in BTC price so if I have,

it is not for "lately".
bitcoin has always been volatile.

let's say, $2000 today, tomorrow I might have half of it.

so far bitcoin has NEVER lost 50% in one day.

I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.

Is there a way? Any suggestions?

yes sell it for cash and hide the cash under your bed. that way your bitcoin value will stay the same in USD forever

[keithers]

There's no guaranteed way of doing that unless you convert to USD immediately or have a vender or business account with BitPay or coinbase that immediately converts anything you're paid directly into fiat. Up until at least now if you have held through an entire year you wouldn't have lost anything unless you got paid when bitcoin was around $3,000

[acpr23]

bitcoin is very volatile, so there is no assurance of it having a fix price value. but you can note that keeping your bitcoin is a good way to earn. from time to time bitcoin prices rises so if you just keep your btc soon youll get rich. dont mind if btc price fall because that is normal. rather be positive that it'll go up sooner or later in that way you can minimize losses from trading bitcoin.

[Pleione527]

If you are afraid of taking chances or risk then sell right away when you received your bitcoin but I think you will regret it if you do so...though bitcoin is so volatile it still gives higher return for investment its a matter of being optimistic and try to risk little of your earning you never know it can give you good income

[junan1]

let's say, $2000 today, tomorrow I might have half of it.

so far bitcoin has NEVER lost 50% in one day.

Yeah!  You tell him Herbert!  Bitcoin's never lost more than about 35% in one day.

From April 9th to April 12th 2013 for example, the daily changes were roughly -25%, -30%, and -35%, and the total 1-week plunge was only about 75%.

Even throughout the 2011 bear market, the price rarely dropped by more than 20% on a single day.  The 93% price drop was spread out over almost six months!

...

Wait.  I'm not helping am I.

[Kakmakr]

Make use of payment processors that converts all bitcoins received into fiat for you. This cancel all volatility and reduce the risk of losing value, when the price of those bitcoins goes down. The negative impact would be that you will miss out on the profits, when the price goes up.

Some of the payment processors even give you the choice to convert say 50% directly to fiat and retaining 50% of it in bitcoins. You chose the percentage according to your preferences. < This might be your best bet >