Can anyone answer this question: I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time? Will i keep getting fractions added to my 1 bitcoin as the value goes up?
Let me make it very simple to you. Your amount of Bitcoin does not grow at all. It is just the value of it that grows. So when you made a withdrawal or conversion into fiat of the amount of $5,000, that means your Bitcoin is not 1 anymore. But your total Bitcoin is still valued at $15,000 because it has already grown $5,000. When you have Bitcoins, it is only the value that goes up and down but not the amount of your holdings. 
Topic: Bitcoin value (Read 178 times)
Can anyone answer this question:
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
Let me make it very simple to you. Your amount of Bitcoin does not grow at all. It is just the value of it that grows. So when you made a withdrawal or conversion into fiat of the amount of $5,000, that means your Bitcoin is not 1 anymore. But your total Bitcoin is still valued at $15,000 because it has already grown $5,000. When you have Bitcoins, it is only the value that goes up and down but not the amount of your holdings.
Why you compare a fiat currency with bitcoin. At the time of Bitcoin transaction, you should count only btc not any other currency. If you buy 1 btc with 15k and sell 5k at the time of 20k, you will get on wallet 0.75 btc. On the other side you can only count fiat value.
why do you think bitcoin is a weird thing that needs to be different than other things?
think of 1BTC as a bag full of small gold coins.
when you buy 1BTC it is like you bought 100,000,000 one of those coins. if you pay $15000 for those 100 million coins to get your money out you need to sell those 100 million coins. if you sell all you get all your money out and will be left with an empty bag and if you sell some you will be left with some number of coins in your bag.
think of 1BTC as a bag full of small gold coins.
when you buy 1BTC it is like you bought 100,000,000 one of those coins. if you pay $15000 for those 100 million coins to get your money out you need to sell those 100 million coins. if you sell all you get all your money out and will be left with an empty bag and if you sell some you will be left with some number of coins in your bag.
stop thinking about USD value when send bitcoin.
if you buy 1 BTC when price was 15000$ you will have: 1 BTC with 15000$.
if value of bitcoin increase you will have: 1 BTC with 20,000$
when cash out 5000$ you ideally lost 0.25 BTC and will have : 0.75 BTC with 15,000$.
if you buy 1 BTC when price was 15000$ you will have: 1 BTC with 15000$.
if value of bitcoin increase you will have: 1 BTC with 20,000$
when cash out 5000$ you ideally lost 0.25 BTC and will have : 0.75 BTC with 15,000$.
agree with you, stop compare btc to fiat when making a transaction. actually you still lost some btc (satosshi)
Yeah selling your bitcoin means you take your profits or loss. If you want to have bitcoin again then you need to rebuy it.
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
"cashing out" means selling. So, to "cash out" your BTC, you must sell it.
If you buy 1 BTC at $15000 and it rises to $20000, and then you sell $5000 worth, you will have $15000 worth of BTC but it will be less than 1 BTC because you sold some of it.
No, actually its the price against US$, your one bitcoin will remains 1 bitcoin, it wont increase, but its value against US$ increases.
Can anyone answer this question:
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
No.when bitcoin price grows to 20,000 dollars, then you are taking that profit of 5000 dollars only by selling 0.25btc.So,the remaining balance is only 0.75 BTC.Only dollar value of your BTC grows here and your bitcoin remains the same. That's why, your bitcoin gets reduced. I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
stop thinking about USD value when send bitcoin.
if you buy 1 BTC when price was 15000$ you will have: 1 BTC with 15000$.
if value of bitcoin increase you will have: 1 BTC with 20,000$
when cash out 5000$ you ideally lost 0.25 BTC and will have : 0.75 BTC with 15,000$.
if you buy 1 BTC when price was 15000$ you will have: 1 BTC with 15000$.
if value of bitcoin increase you will have: 1 BTC with 20,000$
when cash out 5000$ you ideally lost 0.25 BTC and will have : 0.75 BTC with 15,000$.
bitcoin currency exchange rates will continue to increase with many people doing electronic transactions using bitcoins
is there any list of countries allowing electronics transactions using bitcoin?
bitcoin currency exchange rates will continue to increase with many people doing electronic transactions using bitcoins
If you cash out $5000 of Bitcoin when the value is $20,000 per Bitcoin you would have sold BTC0.25. After the transaction you would have BTC0.75 Bitcoin left.
If the price then settles at $17,000, the value of your BTC0.75 Bitcoin will be $12,750.
The fiat value of the Bitcoin you own is dependent on...well..the Bitcoin you own. You don't get to receive fiat currency without selling some or all of your Bitcoin.
Does this make sense?
If the price then settles at $17,000, the value of your BTC0.75 Bitcoin will be $12,750.
The fiat value of the Bitcoin you own is dependent on...well..the Bitcoin you own. You don't get to receive fiat currency without selling some or all of your Bitcoin.
Does this make sense?
Can anyone answer this question:
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
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