The first question is right.. You still have 1 BTC but its value is much higher.
Anyway, what made you think that it will become 3 BTC? I may be able to explain it..
Topic: Bitcoin curiosity in value (Read 181 times)
I want to know something that is making me curious and dizzy
for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
Second question is absolutely incorrect. There are nearly 16M bitcoins, we all have them so does this means there are 48M bitcoins? No man, it's not like that. But if you sell bitcoin now and it will fall on price which was when you bought, you will be able to buy 3 bitcoin, that's right but if bitcoin will fall again? Your 3 bitcoin can become less than 1 bitcoin or if it will rise, it can become more than 5. for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
But number of bitcoins will be same, no one will be able to have more than it's available now, you can just grow number of them with trading.
I want to know something that is making me curious and dizzy
for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
the first question is true. so in investments that become profits is from the value of the price rather than the amount that will multiply. unless you trade it it will be different. I think you should be looking for readings about bitcoin and investment. it will gain insight and knowledge for you personally.
The answer is very simple, NO! Bitcoin is not a magic that it will multiply on its own. Your 1 bitcoin will remain the same. However, as eternalgloom correctly explained that if there is a fork, you will receive similar amount of that forked coin for free. But the forked coin will be an altcoin only and not bitcoin. Like in recent past, we have see two forks happened. The first fork created an altcoin called "bitcoin Cash(BCH)" and the second fork created "Bitcoin Gold (BTG)". The bitcoin users received free coins after the fork in 1:1 ratio. So you can consider some free money. But the value of those free coins are far below than the main bitcoin.
You're probably talking about the Bitcoin forks, right?
In that sense, you indeed have 1 Bitcoin, 1 Bitcoin Cash and 1 Bitcoin Gold if you have access to the private keys of addresses that held coins at the time of the forks.
There is still only 1 Bitcoin though, the other ones (Bitcoin Cash & Bitcoin gold) are actually altcoins.
Aside from this, 1 Bitcoin will always be 1 Bitcoin.
In that sense, you indeed have 1 Bitcoin, 1 Bitcoin Cash and 1 Bitcoin Gold if you have access to the private keys of addresses that held coins at the time of the forks.
There is still only 1 Bitcoin though, the other ones (Bitcoin Cash & Bitcoin gold) are actually altcoins.
Aside from this, 1 Bitcoin will always be 1 Bitcoin.
I want to know something that is making me curious and dizzy
for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
for example I bought 1BTC 3 yrs ago and now will it still remain 1BTC but the value is much hight?
I only understood that if I bought 1 BTC now it will become 3BTC?
Which one is right my first question or my second question?
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