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Question: Need help with Bitcoin, about how to make money one you bought bitcoins?  (Voting closed: August 17, 2017, 02:43:52 PM)
dont know what this option is for - 2 (66.7%)
I dont know what this option is for - 1 (33.3%)
Total Voters: 3

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Author Topic: Buying Bitcoins and making money  (Read 1041 times)
wantjokull
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August 17, 2017, 04:15:30 AM
 #41


No bitcoin can’t go away like that. Understand one more thing that bitcoin though not in the physical form has got a virtual presence, in terms of formula, mathematical block which is always present there. This bit has got some value for which we trade it. Now someday if you buy that bit at “X”value and after days or so it becomes “X-D”then it doesn’t mean you lost your bitcoin, its just that the bit is now worth “X-D”but it will be same bitcoin as you bought it in first place.


Bitcoin is same everywhere, against all fiat currency, and with the time it always comes up so your second thought that keeping it or leaving it, I would suggest you to keep it as it is for long time.


This question is asked by many people out of the fear that they will loose the money. But keeping is best option.




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Indrawan77
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August 17, 2017, 04:21:17 AM
 #42

Yes of course you can leave it, dont be afraid of bitcoin price will go down, through the historic chart we have witnessed that bitcoin survive the obstacle and come up with a stronger value, just keep your bitcoin until the price reach your satisfaction and then sell it

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LouVandetta
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August 17, 2017, 04:27:51 AM
 #43

Ok if i buy 100 dollars on bitcoin and in the next days the bitcoin price goes way way down, will i lose my bitcoin can i just leave the bitcoin there for a year and wait till it gets the highest price and sell it?

do you ever lose your bitcoin if they go to low or you can just leave them there forever till they go high o  price?
Yes, you can.
Your bitcoin will remain the same when you bought it, the only difference are its value.
In the next year, the price will go the moon or still the same.

Here's my suggestion, if you're still not sure about investing your money in bitcoin,
Then don't. Just do some research before you start.
Bittoshi
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August 17, 2017, 06:34:50 AM
 #44

Ok if i buy 100 dollars on bitcoin and in the next days the bitcoin price goes way way down, will i lose my bitcoin can i just leave the bitcoin there for a year and wait till it gets the highest price and sell it?

do you ever lose your bitcoin if they go to low or you can just leave them there forever till they go high o  price?

Never sell with a loss unless you are in a urgent need of money. If Bitcoin price is low, prefer to buy more instead of selling. At least hold it until price rises much higher, so that you can sell with a win and not a loss. But you need patience. It can take several months or even years for a low price to recover.
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August 17, 2017, 06:46:04 AM
 #45

Ok if i buy 100 dollars on bitcoin and in the next days the bitcoin price goes way way down, will i lose my bitcoin can i just leave the bitcoin there for a year and wait till it gets the highest price and sell it?

do you ever lose your bitcoin if they go to low or you can just leave them there forever till they go high o  price?

Never sell with a loss unless you are in a urgent need of money. If Bitcoin price is low, prefer to buy more instead of selling. At least hold it until price rises much higher, so that you can sell with a win and not a loss. But you need patience. It can take several months or even years for a low price to recover.
that's the principle that we should take when investing we should trust our instinct not to bother and to panic when value is fallen remember that inside
crypto bouncing back will always happen and reaching for another ath is always possible, keep your faith and always look at it as a long term gain
but if you are trying to short it make yourself a limit and always buy low and sell when you already got 10% earnings then buy back and wait again.

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August 17, 2017, 06:54:02 AM
 #46

true.
just last weeks. some people said the price is so high, and they never buy at @3300.
but now?

I am sure that they are very regret.
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August 18, 2017, 01:27:34 PM
 #47

No, you will not lose your BTC. For example 1 BTC = $ 4500 and you buy 0.1 BTC for $ 450. Well, if the price of 1 BTC drops to $ 3500, you will still have 0.1 BTC for $ 350. Vice versa, if the price of 1 BTC rises to $ 5000, then the 0.1 BTC you own will be $ 500 and you can make a profit.

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gabbie2010
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August 18, 2017, 01:37:31 PM
 #48

As a good trader you will have to analyze the price of bitcoin before buying it although this is common to traders that uses Japanese candlesticks for trading they will know when to buy and when to sell so as to make profit.
Also you don't use all your investment to trade bitcoin you can use 10% the amount of money you can afford to lose if the trade worked against you then you have your 90% investment secured.

       
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