so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
of course it is possible, and if you don't have the balls to lose as small amount as 40 dollars then maybe you shouldn't be investing in bitcoins at all and should just use it for purchasing stuff? I am holding because I believe in bitcoins and I am sure that the price of the bitcoin is going to grow in a longer term, even if the price went back to 500 dollars I would be holding and if you want to be a good investor and earn money then you should be holding as well.Yes we should always trust bitcoin. Yeah anything can really happen and we're not in control of it. But let's hope for the best.
Trusting that over time it have fluctuations but it can rise again and grow. Just keep calm and trust bitcoin.
Its adoption and legalazation can tell on what would be the bitcoins came in future and since the adoption of each country are getting more stronger then its pretty impossible that bitcoins will go to 0 at value since im so sure that there would be a whales that will lift it up so that the price would retain back. And if we can see downfall we doesn't need to get panic since its the normal movement of this coin and nothing serious problem attach on it.