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Author Topic: Bitcoin exchange rate  (Read 229 times)
Fantastic33
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November 04, 2017, 02:09:09 PM
 #1

Im new here and i just want to ask a question..Does bitcoin exchange rate varies from time to time? If so, when is the best time to convert bitcoin into money? Is it necessary to just save all the bitcoin and trade or use it after several years?
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nidacoinlove
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November 04, 2017, 02:46:13 PM
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Im new here and i just want to ask a question..Does bitcoin exchange rate varies from time to time? If so, when is the best time to convert bitcoin into money? Is it necessary to just save all the bitcoin and trade or use it after several years?
Well yes the Bitcoin exchange rate varies i.e. the Bitcoin price is basically the exchange rate with the dollar. The best time to convert your bitcoin into fiat is when the price is high. Right now is the best time to exchange your bitcoin to fiat. It is not necessary to save all the Bitcoin but it is better to save a portion of your earnings. Also everyone is a best manager for himself. No one knows about my issues and problems and so do I. So, when you feel that you are in need of fiat or you are not in a position of saving bitcoin; it's your choice to manage it.

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sujonali1819
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November 04, 2017, 03:59:15 PM
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Im new here and i just want to ask a question..Does bitcoin exchange rate varies from time to time? If so, when is the best time to convert bitcoin into money? Is it necessary to just save all the bitcoin and trade or use it after several years?
If you convert your bitcoin to fiat wait untill  high rate. Then try to convert your btc to local money.i also think it is the high time for convert your bitcoin to fiat.

dvyanc
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November 05, 2017, 07:27:14 AM
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There is no point asking the forum when is the best time to sell. This is true for all the markets, you cannot time the market and no one in the world can. The market has its own mind and you will have to make a judgement for yourself. If you really need the money, just cash out into fiat. If you don't need it, then HODL!
Jannn
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November 05, 2017, 08:34:40 AM
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Does bitcoin exchange rate varies from time to time?
Yes dude ,Bitcoin price is changing every minute even in a second just like the fiat currency.
If so, when is the best time to convert bitcoin into money?
That depends , for me if i get a total of 30%percent of my total invesment i will convert it to cash.
Is it necessary to just save all the bitcoin and trade or use it after several years?
Yes dude if you considered Bitcoin as a long term investment.

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KarenTalk
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November 08, 2017, 10:08:14 AM
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Does bitcoin exchange rate varies from time to time?
Yes dude ,Bitcoin price is changing every minute even in a second just like the fiat currency.
If so, when is the best time to convert bitcoin into money?
That depends , for me if i get a total of 30%percent of my total invesment i will convert it to cash.
Is it necessary to just save all the bitcoin and trade or use it after several years?
Yes dude if you considered Bitcoin as a long term investment.

Bitcoin exchange rate varies every moment
Bitcoin_Africa
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November 08, 2017, 10:17:59 AM
 #7

Is it necessary to just save all the bitcoin and trade or use it after several years?

Nothing is neccessary.. if you notice price raised high why not cash out some part and fix the profit...

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TaKlarPH
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November 08, 2017, 11:05:53 AM
 #8

I got a sulotion to your question but I would like to answer, yes it changes from time to time but I would to suggest download an application search it on google blockfolio how it works for you to be convice. Got this app by reading topics and threads and well it like works for me

jrrigs
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November 08, 2017, 11:47:32 AM
 #9

Exchange rate definitely changes by minute. Buy when it goes low and sell when it goes high. You can find tools (charts, graphs, etc) that tell you the right time when to buy and sell. You can also buy and hold. If you had 1 btc 6 months ago and kept it, the value would have tripled or quadrupled by now.

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Kutkiwi
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November 08, 2017, 12:02:17 PM
 #10

its pretty random, lot of luck, just nice that it increases on average.
2double0
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November 08, 2017, 02:39:29 PM
 #11

Im new here and i just want to ask a question..

Welcome aboard. We all will try our best to help you with your queries.

Quote
Does bitcoin exchange rate varies from time to time?

Yes, and it's not just limited to the value that varies every second on just one exchange, it varies from exchange to exchange based on the trading. It's because of the nature of Bitcoins that it's not stable at a fixed rate and can be sold at any values (that we prefer).

Quote
If so, when is the best time to convert bitcoin into money?

It depends on your decision, because the best time according to me is when you really need fiat on hands.

Quote
Is it necessary to just save all the bitcoin and trade or use it after several years?

No, you don't really need to. But I believe that holding gives great rewards than selling immediately.
Do you eat the seeds? No, right? You sow them, reap the fruits after waiting for some quality time to get the sweetness that you expect.

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aardvark15
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November 08, 2017, 03:37:37 PM
 #12

The price of Bitcoin is always in flux. The term “exchange rate” is typically used to compare the price of different fiat currencies. With Bitcoin, you see a price on exchanges or in the media which is actually the price of Bitcoin to fiat, usually US dollar. So the price is actually the exchange rate.

The value of Bitcoin is like a stock in that it fluctuates in price depending on supply and demand or negative or positive news. It’s open to the free market, so the price is basically what people are willing to pay for it.

Jorosss
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November 08, 2017, 05:55:12 PM
 #13

Im new here and i just want to ask a question..Does bitcoin exchange rate varies from time to time? If so, when is the best time to convert bitcoin into money? Is it necessary to just save all the bitcoin and trade or use it after several years?

Yes bitcoin price is volatile so it change from time to time. We cant answer exactly if when is the best time to convert bitcoin. Its up to you if you think that its the time to convert your money and risk it like HODLing the coin and wait for some profit

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