Post
Topic
Board Bitcoin Discussion
Re: How do I make sure to not lose $ value in BTC?
by
roadbits
on 26/07/2017, 14:46:35 UTC
From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.

Is there a way? Any suggestions?

The fluctuation is normal with btc. It's best if you try to convert your btc into your currency, then if there a decline in price, you will be able to buy btc again. When its high, sell. When it's low, buy. In that case  you wont lose but gain more..
Fluctuation in the prices is not a big issue if long term plans are in action. Loss and profit in business happen in any business roadmap. I think if one day the price of bitcoin come down so most probably it may increase next day. So, in business you will wait for a best occasion regarding profit.
Yes the price fluctuation will not affect if you are looking for long term investment. And don't get panic to see the price fluctuation it is common in the crypto world. Once you decided to invest for long term just buy coins and save it in a safe place don't look for a couple of years. Means how many years you plan to wait. But you should check the price updates regularly it will help you how many years you want to wait to make a good profit.