invisibleman707 (OP)
Newbie
 Offline
Activity: 2
Merit: 0
|
 |
January 05, 2018, 10:43:55 PM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
|
|
|
|
|
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3626
Merit: 1352
Cashback 15%
|
|
January 05, 2018, 11:25:32 PM |
|
Depends on how the exchange rate goes. Usually it is best to just hold long term and if you aren't really the type of a patient person, don't engage into day trading since it will suck all the patience you have in your whole being. Also, you can do BTC/USD trading if you don't want the extra hassle on verification with other altcoin exchanges. That, too, is profitable provided that you already have the knowledge in trading and know how to interpret charts and signals and use them to your favor.
|
.
.HUGE. | | | | | | █▀▀▀▀
█
█
█
█
█
█
█
█
█
█
█
█▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINO & SPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█
█
█
█
█
█
█
█
█
█
█
█
▄▄▄▄█ | | |
|
|
|
harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
|
|
January 05, 2018, 11:31:58 PM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
If the price goes up more, way higher than the price you purchased your bitcoin then obviously you have a profit (minus withdrawal fees if you decided to transfer it to external address). It's fine if you just sit your bitcoin there at the moment (it's an exchange so you are at risk but hey it's the best thing to do right now to save fees) and just make an action after you realized and understand what things you like to do. Simple holding isn't it? But have possibility to gained profit without touching it. I suggest you to study now what you must need to do so that your coins will not sit on Coinbase for long period of time or if you want to add some more bitcoin, you can save withdrawal fee when you transferred it to external address. |
|
|
|
Slimberry
Newbie
Offline
Activity: 26
Merit: 0
|
|
January 05, 2018, 11:38:05 PM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
It is two side of a coin the bitcoin either reduce or increases depending on your entry point. but it is save you trade it with some altcoin. |
|
|
|
|
welingkuning
Newbie
Offline
Activity: 11
Merit: 0
|
|
January 05, 2018, 11:45:19 PM |
|
I think the best is hold for long term. and then, you can learn and see the trend of bit[Suspicious link removed]d luck
|
|
|
|
|
|
CatFur
|
|
January 05, 2018, 11:49:47 PM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
I think you're mixing up asset appreciation with profit. You can only make profit if you sell your assets. |
|
|
|
|
HabBear
|
|
January 06, 2018, 06:17:47 AM |
|
Do I earn any profits at all?
Profits? No. Profits are the revenue earned from a business after paying expenses. Bitcoin, itself, is not a business. Bitcoin is a currency or an asset class. By holding Bitcoin you have the opportunity own something (Bitcoin) that can appreciate in value over time. You can then sell this Bitcoin for more than you paid for it and keep the earnings. Does this make sense?
I think you're mixing up asset appreciation with profit. You can only make profit if you sell your assets.
Speaking of mixing up asset appreciation with profit. The value earned from asset appreciation is called "investment gains", not "profit". |
|
|
|
|
Marteel
Newbie
Offline
Activity: 112
Merit: 0
|
|
January 06, 2018, 07:29:58 AM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
It is all about the price of BTC againist USD. If you want to make more USD, and call it profit, yes you can. There is another way of doing this is trading your BTC for alt coins and trying to get more BTC. Second option is risky and you should learn some technical analsys before doing trade. |
|
|
|
|
btcbtq
Newbie
Offline
Activity: 144
Merit: 0
|
|
January 06, 2018, 08:04:10 AM |
|
Hi all,
I bought some bitcoin through Coinbase.
But I haven’t decide if I want to trade coins at all.
The Bitcoin just sitting inside my account.
Do I earn any profits at all?
A common practice is simply buying and holding bitcoin for market appreciation. In the cryptocurrency world, this strategy is sometimes referred to as HODL'ing or Holding On (to your coins for) Dear Life. |
|
|
|
|
|
BTCforJoe
|
|
January 06, 2018, 04:08:21 PM |
|
Hey OP. First things first, get your money out of Coinbase! Create a wallet where you have access to your own private keys. THEN decide what you want to do with your coins. Study the crypto market. Browse through the altcoin board here and see what jumps out at you. If you're looking to start trading and short selling the market, learn what the top 20 coins on CoinMarketCap.com are doing and follow them to hear of upcoming news and announcements. Be prepared to create buy and sell orders. If becoming a crypto trader is what you want to do, you'll have to put in the same time as a fiat trader would do. And most importantly, don't listen to the fud and shills of "players" in the market... You know, the ones that say "Bitcoin is dead" without providing a valuable or feasible theory. Or the ones that say "Bitcoin to the moon! It will be $50,000 by June!", again, without providing any kind of theory behind it. Good luck, and welcome to Bitcoin, but seriously, get your money out of the exchange it put it into your own private wallet. Start here: https://bitcoin.org/en/choose-your-wallet |
|
|
|
|
HabBear
|
|
January 06, 2018, 05:05:54 PM |
|
Also, you can do BTC/USD trading if you don't want the extra hassle on verification with other altcoin exchanges.
This is incorrect. If you’re doing coin for coin trades (e.g., trading Bitcoin for Ripple) you don’t need to get verified on any exchange.verification is required if you plan to send or recieve fiat currency to or from an exchange. Also, if you aren’t a patient person you SHOULD engage in trading! Buy and hodl is a patient man’s game. |
|
|
|
|
Whatacoin22
Newbie
Offline
Activity: 9
Merit: 0
|
|
January 06, 2018, 05:22:06 PM |
|
May I personally suggest that you get away from coinbase. It is good to have an account with them, for you can cheaply change your BTC to Paypal, but their fees are out of the area for transaction fees to transfer it to someone else. Also they always seem to be on a long delay for transactions, sometimes even as long as a day. Everyone says that the other places are the same, but I use a number of different wallets and they are not all that expensive and when coinbase has taken a few hours to process a transaction, I have processed 3 or more elsewhere.
|
|
|
|
|
Vashti
Newbie
Offline
Activity: 29
Merit: 0
|
|
January 10, 2018, 04:57:50 PM |
|
If you have BTC on your wallet and you don't ever use them for trading,,,
You can earn also by just holding unto them...
BTC price is increasing so if you think you want to sell your BTC then sell it.... It's like one time profit.....
|
|
|
|
|
|
