Ok, so i bought a 100 dollars of bitcoin at coinbase so for the price it was ($4275) when i bought it i got .02239684
so basically if the bitcoin price goes to $8550 i would have an estimate of $200 for the bitcoins i have
so all i have to do is wait till the price goes real high and sell them if i feel like it?
That is correct. Since you already bough, main thing to do now i not to shit yourself and sell when price goes down, and it may go down. That is where most of newbies lose money, they sell for less than they bought because they are impatient and can't wait till the price goes back up