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Showing 5 of 5 results by TackleBash
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Topic
Board Economics
Re: Beginner questions
by
TackleBash
on 28/02/2024, 10:41:29 UTC

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.
Does it work the same with Bitcoin shares as well?

Best Regards

That's a good start, friend. You're putting in $250 for now, and then you can keep adding more using the DCA method. Before you invest any money, it's important to do your research so you understand how it all works.

Bitcoin can be volatile, but its volatility is different from other cryptocurrencies. When you invest $250 in Bitcoin, you're buying a piece of that coin. So if the price goes up or down, the value of your portion changes. For example, if one Bitcoin is worth $100k and you have 1 Bitcoin, and then the price drops to $70k, you still have 1 Bitcoin, but it will worth less in the market.

So to answer your question, if the price of Bitcoin drops below what you bought it for, you'll only lose the value you paid for it, but the amount of Bitcoin you own stays the same. Also, it's important to know that Bitcoin works differently from shares or Bitcoin ETFs. While both involve investing in Bitcoin, they have differences in what they represent, who owns them, how they're regulated, how easy they are to buy and sell, and the level of risk involved.

Very good explanations, Thank you.
Post
Topic
Board Economics
Re: Beginner questions
by
TackleBash
on 28/02/2024, 10:24:35 UTC
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

1 Bitcoin = 1 Bitcoin so in your situation, your fraction of a Bitcoin will stay the same unless you spend or sell it. The dollar price of your holding can change, Bitcoin is very volatile although as time goes on the volatility is expected to be less so. Bitcoin is an inflation slayer so your $250 is very good to be left in Bitcoin if you can stomach volatility. Over time you will definitely be in profit.

Very good thank you for the answers!
Post
Topic
Board Economics
Re: Beginner questions
by
TackleBash
on 28/02/2024, 09:13:40 UTC
Does it work the same with Bitcoin shares as well?
Did you mean the real Bitcoin or Bitcoin ETFs? Bitcoin ETFs works same like stock.

But if you talk about Bitcoin, that's completely different. It's true in case Bitcoin worth $0, you can still own your coins. But if stock or ETFs went to $0, you doesn't have your share again because the stock exchange already delisted the stock.

It means you own nothing and you can't do anything, but in Bitcoin you can send your coins regardless the price is and no one can control it.

Okey thank you for the simple explanation!

So if invest 250 dollars and the price of bitcoin lowers by for example 300 dollars, will I still hold my share? Whatever the value might be of it by then.

Thank you, maybe it sounds stupid, but Im bad with math aswell.
Post
Topic
Board Economics
Re: Beginner questions
by
TackleBash
on 28/02/2024, 08:44:17 UTC
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.
It is called holding. Bitcoin is not a shit coin. You can not lose all your money. Bitcoin price will increase back and you will gain. With everything that is going on, it is better to invest than to panic.

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?
1 BTC = 1 BTC.

So you mean, that my share can be worth 0 dollars? But I still hold my share? And that it can increase again in value? Did you mean that?
Post
Topic
Board Economics
Topic OP
Beginner questions
by
TackleBash
on 28/02/2024, 08:29:11 UTC
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