Buy low sell high...if the price is red or going down that means it's cheaper to buy, but if the price is green or going up that means it's expensive and profitable to sell.
You'd still have the fraction of a bitcoin, for whatever it's worth. But in reality, when it drops that far, the bubble will have burst and it would be basically worthless.
Lets say you invested $150 in BTC. That would be .01 BTC that you would be buying if the value of BTC is at $15000. You're buying a fraction of that Crypto.
If BTC goes up to $20000 then you d have $200.
If BTC goes down to $10000 then you d have $100.
The tricky part is cashing in and out because these sites like Gemini and Coinbase take a cut for either side of the transaction, and they take a bigger cut if you use a debit or credit card. If you decided to cash out when BTC is at $25k, then you would be taking home about $85 to 90.
I cashed out all my Cryptocurrencies last Wednesday because it s easy to see that it s at it's peak. It might go higher but at this point it's not a sound longterm investment, and it's become a game. What I'm going to do is wait for this to crash, then I'm going to buy back coins like Ethereum and Litecoin. These cryptocurrencies are in the sights of lawmakers.
The last time Bitcoin/BTC was in a large upswing, it hit nearly $1000 in late 2013. one of those coin trading sites got hacked, and then it was all over. It takes just one hacker and negative press to make everyone lose interest in Bitcoin. If this happens then everyone will try to sell their crypto and then it will be all over.
As with any investment, you do not actually lose money until you dispose of the investment. Thus, while your bitcoins are worth less, you actually have not lost any money until you sell it - if you sell the bitcoins while they are worth less than the $150, then you have lost money.
Answers & Comments
Buy low sell high...if the price is red or going down that means it's cheaper to buy, but if the price is green or going up that means it's expensive and profitable to sell.
You are just in a negative.
You'd still have the fraction of a bitcoin, for whatever it's worth. But in reality, when it drops that far, the bubble will have burst and it would be basically worthless.
If you buy a chicken and its price drops, are you going to lose your chicken? Of course not.
if you cannot sell it at all for the price you paid for it is a loss
until it is declared totally worthless you have not lost anything
No, what you put in is the going rate.
Lets say you invested $150 in BTC. That would be .01 BTC that you would be buying if the value of BTC is at $15000. You're buying a fraction of that Crypto.
If BTC goes up to $20000 then you d have $200.
If BTC goes down to $10000 then you d have $100.
The tricky part is cashing in and out because these sites like Gemini and Coinbase take a cut for either side of the transaction, and they take a bigger cut if you use a debit or credit card. If you decided to cash out when BTC is at $25k, then you would be taking home about $85 to 90.
I cashed out all my Cryptocurrencies last Wednesday because it s easy to see that it s at it's peak. It might go higher but at this point it's not a sound longterm investment, and it's become a game. What I'm going to do is wait for this to crash, then I'm going to buy back coins like Ethereum and Litecoin. These cryptocurrencies are in the sights of lawmakers.
The last time Bitcoin/BTC was in a large upswing, it hit nearly $1000 in late 2013. one of those coin trading sites got hacked, and then it was all over. It takes just one hacker and negative press to make everyone lose interest in Bitcoin. If this happens then everyone will try to sell their crypto and then it will be all over.
No. It ill shrink your value in proportion to it’s purchased value plus expenses in acquiring and selling.
Whatever percentage of a full bitcoin is lost will be how much you lose of your $150.
As with any investment, you do not actually lose money until you dispose of the investment. Thus, while your bitcoins are worth less, you actually have not lost any money until you sell it - if you sell the bitcoins while they are worth less than the $150, then you have lost money.
I believe you would only lose some money, but not the full 150.