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

[eagle10]

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?

There is no other way. Cryptocurrency's volatility makes it risky for storage and investment. So once you have it and you know it can go down, exchange it so you dont experience like that.

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[Betwrong]

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?

As many posters in this thread suggested you can immediately exchange the BTC you get for your job to fiat and that would be the equivalent to "fixing" the price of your BTC. However, I wouldn't recommend you to do that. If you don't need your fiat right away it's better to hold your salary in BTC just paying no attention to the price dropping sometimes because it will rise more in the future anyway.

[dothebeats]

Don't put money in btc in the first place if you're quite hesitant as to where this investment will go. Every day, the value of bitcoin fluctuates very wildly and if you are the dude who keeps on checking the price every hour, this is not good for you. Before placing your life savings to bitcoin make sure you know what this is and how will it affect you in your life, especially your financial needs.

[YuginKadoya]

Don't put money in btc in the first place if you're quite hesitant as to where this investment will go. Every day, the value of bitcoin fluctuates very wildly and if you are the dude who keeps on checking the price every hour, this is not good for you. Before placing your life savings to bitcoin make sure you know what this is and how will it affect you in your life, especially your financial needs.

Yup! that is right, right now the price is in the high place and keeping your bitcoin is a great plan and wait for further increase but if you are a guy that is very hesitant and so afraid to lose your money on bitcoin then it is OK to back down and just put your money on banks and not in the bitcoin wallet, because your money is gonna lost without you noticing it, but I think if your investing in bitcoin look for bitcoin and not the value because you just ending up lumping bitcoin to fiat money.

[aTriz]

If you want a fix payout, just use fiat, it is more stable and popular than Bitcoin. If you don't need access to your salary weekly, I would just recommend keeping it in Bitcoin, especially with how high the prices are today, just today alone, Bitcoin has crossed the 3k mark and was pumped up to 3.2K. Here is what I would recommend doing this:

Set a specific amount, for when to sell at, say 3.5K and when Bitcoin reaches that amount you would sell around 50 percent of all your Bitcoin. Keep the rest as an investment, and sell that when Bitcoin goes even higher. That way you will always have fiat and Bitcoin.

[DoublerHunter]

This is an investment and bitcoin is one of the most volatile currency in the world so there is no assurance that you will not lose $ or money from having bitcoin because if you want to have that kind of investment then you should not invest in bitcoin because you are afraid of loses and a good investor never been afraid of losses and they are so very risk taker.

[TheBTCAlex]

Well, its actually one of BTCs advantages as well as disadvantages, the price volatility. It is one of the risks that you take when tackling BTC. One thing to do is to convert money to other currencies, save a small part of it, and buy BTC when its price is low with the amount of money you have not saved...(kept aside for buying again). Then repeat.

This is not fool proof, as if the value of BTC goes low too much, there won't be any way to continue this cycle profitably, but this is a way to ensure that you don't loose everything.

However, to be safe, NEVER invest what you cannot afford to lose. This must be your Golden Rule.