Quote from: eckmar on August 14, 2017, 03:02:36 PM

Quote from: wapotown on August 14, 2017, 02:43:52 PM

Ok if i buy 100 dollars on bitcoin and in the next days the bitcoin price goes way way down, will i lose my bitcoin can i just leave the bitcoin there for a year and wait till it gets the highest price and sell it?

do you ever lose your bitcoin if they go to low or you can just leave them there forever till they go high o price?

You don't understand how this works man. Okay for that 100$ you will get 0.02344 BTC at a current price. Now if BTC price drops you still still have that 0.02344. Let's say price is 3000$. You now have 70$. Let's say you wait 1 year and price of Bitcoin is 12,000$, you still have 0.02344 BTC but now it's worth 281$

Exactly nothing changes with the amount of bitcoin one possesses whether price drops or rises it's only the value of bitcoin in terms of dollars that either decreases or increases and that's how profit or loss is generally assessed by the traders and it's always wise not to panic if there's a drop in the prices of bitcoin but wait for the rise in the prices instead and that's how you make money with bitcoin.