Post
Topic
Board Beginners & Help
Re: Help me understand this bitcoin thing please
by
Deerfarmer
on 16/12/2017, 13:13:02 UTC
I have another question. I am testing the waters right now so I went through Coinbase and withdrew $50 from my bank and I did that 24 hours ago and my transaction still says it is pending. I bought ETH at $738  and now it is below $680 so did I lose my money before I was able to cash it out before the declined?

So you bought the ETH at a very high price, so now the price is decreased in the market. If you withdraw to your bank you will be in loss. So wait until ETH price increase in the market because now the value of ETH is kept increasing. So hold it from some more time until the price of ETH increase.
ok thank you. That’s exactly what I wanted to know. I plan on leaving it in there and putting more in. I want to buy xrp with it also so I would have to cash out some ETH when it’s up In order to buy xrp then or how can I buy xrp without cashing out some ETH? Can I buy it right through Coinbase if I deposit money directly into it from my bank? Thanks