Post
Topic
Board Bitcoin Discussion
Re: How do I make sure to not lose $ value in BTC?
by
btcney
on 05/08/2017, 08:31:14 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?

If you are really concerned about bitcoin dropping, why not just convert your bitcoins into USd or whatever fiat you use in your country, as soon as you get the bitcoins you get paid from your freelancing activities? It's really as simple as that, you know.

But that means that there is really no point of getting paid in bitcoin at all, you can literally get paid in paypal and avoid the transaciton fees and the conversion fees between two currencies, etc.

Just hold onto your bitcoin man. You won't be scared of fluctuations after a while because you get used to it. Unless you absolutely need that fiat value to stay constant, then just hold your bitcoin instead. Bitcoin has actually been a lot more stable in recent days than in say 2013.