Hello!
I´ve been interested in trading crypto for quite some time now and finally joined eToro.
I just have a question, I noticed Bitcoin have been doing really good the last 6 months and I now want to invest a very small sum of 250 dollars.
I just wonder, since im completely new to the stock exchange, If I invest 250 dollars, can I loose them if the price goes down? Or do I still hold my share.
Maybe this sounds dumb, but does Bitcoin work the same as a normal share? If I invest in a real stock I probably get to keep my share even if the value is zero?
Does it work the same with Bitcoin shares as well?
Best Regards
I don't understand what you mean by bitcoin shares, but make sure you are not buying or investing in bitcoin in the futures market, buying bitcoin from the futures market simply means that you will lose all your money if the price of bitcoin goes down, if your position is "Long", or goes up, if your position is "Short".
What you have to do is buy bitcoin in the spot market market, find a good crypto wallet, a non - custodial wallet where you are solely responsible for your wallet keys.
Now head over the exchange where you bought the bitcoin and withdraw it to your private wallet you created, and hold your bitocins there, this way, rest assured that, even if the price of bitcoin goes to zero, you will always have your bitcoin to sell at any time the price goes back up and meets or reaches your selling price target.
And so you know, the price of bitcoin is never going to zero by the way, I just used that above as an example, we are in a bull run and the price of bitcoin will only go up and up, with some minor corrections from time to time.