I am curious if it is possible?
lets say,I have 2 BTC over some exchange, presently bitcoin price is 2000$ , so basically i have 4000$, now the price of bitcoin fell to 1000$ , so the total value is 2000$. Is there any way so that i can convert the 2 btc at the time when btc wad 2000$ to usd, and when it goes back cheap i buy it with the usd at the exchange?
I herd someone told me yes, if yes then please let me know the exchange which support such thing. i have been trading BTC since old time but never came across that we can even trade usd with BTC as a pair.
This totally simple thing in Bitcoin trading .lets say,I have 2 BTC over some exchange, presently bitcoin price is 2000$ , so basically i have 4000$, now the price of bitcoin fell to 1000$ , so the total value is 2000$. Is there any way so that i can convert the 2 btc at the time when btc wad 2000$ to usd, and when it goes back cheap i buy it with the usd at the exchange?
I herd someone told me yes, if yes then please let me know the exchange which support such thing. i have been trading BTC since old time but never came across that we can even trade usd with BTC as a pair.
Since most of the people are doing this in the P2P deals at localbitcoins.com and other exchange but here the simple way to trade with btc/USD is available at almost every exchange .
Here I am a user of the yobit , poloniex and at the both the option of the USD/BTC is available , so you can easily make trading according to the market .
Now here I will advice you to use poloniex because there is auto buy sell for the users (option is available in the mid of horizontal of the buy and sell box )
So just go at these two exchange and first try to understand that the thing is true that I said .
Be careful never out all of your money at the exchange , because it may be possible that due to some technical problem the problem of the withdrawal arise and in that case you can't use your money .
