Topic: How do I make sure to not lose $ value in BTC? - page 3. (Read 2001 times)
Convert every bitcoin you have if you are afraid of losing your money but make sure that the value is reasonable before converting it like right now bitcoin raise to $2800 I think you will not lose some but instead earn.
From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.
Is there a way? Any suggestions?
Is there a way? Any suggestions?
The only thing you can do with your bitcoin is to convert it to cash if you really don't want to lose any of your earnings. If you are not investing on a long-term then you should pull it out and withdraw especially if the trend is goin down.Only long-term investors don't mind the fluctuation since they are planning to hold their btc for a minimum of five years up to ten or even twenty years.
That is one of the advantage and disadvantage of Bitcoin, if today the price go up then you will have more dollars, so volatility also can become your advantage and there are no way to control this, unless you change it to fiat and changing to alt coin also not a good idea, but I will suggest you to keep your bitcoin, you will gained more profit rather than change it to fiat
and if the price go up, we can sell it to make more fiat and if the price is down, we can buy it. but all in all, i think we are not going to lose $ value in btc because if we can get the different from what we buy and sell, we can make profit (money). so this is the advantage of trading bitcoin pair fiat and i suggest to keep amount of bitcoin in your wallet and you don't have to trade all of your bitcoin pair fiat, just don't sell all bitcoin you have and only sell in base buy plus make a profit in middle range.
That is one of the advantage and disadvantage of Bitcoin, if today the price go up then you will have more dollars, so volatility also can become your advantage and there are no way to control this, unless you change it to fiat and changing to alt coin also not a good idea, but I will suggest you to keep your bitcoin, you will gained more profit rather than change it to fiat
though bitcoin is so volatile it still gives higher return for investment its a matter but It's your choice whether you're afraid or not 
From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.
Is there a way? Any suggestions?
Is there a way? Any suggestions?
The fluctuation is normal with btc. It's best if you try to convert your btc into your currency, then if there a decline in price, you will be able to buy btc again. When its high, sell. When it's low, buy. In that case you wont lose but gain more..
Here in my country Bitcoins can exchange into peso. In coins.ph bitcoin wallet so in case bitcoins is down I exchange it into btc and when bitcoins is up exchange it i into peso. so I also doing trading. in my 2 in 1 wallet.
Make use of payment processors that converts all bitcoins received into fiat for you. This cancel all volatility and reduce the risk of losing value, when the price of those bitcoins goes down. The negative impact would be that you will miss out on the profits, when the price goes up.
Some of the payment processors even give you the choice to convert say 50% directly to fiat and retaining 50% of it in bitcoins. You chose the percentage according to your preferences. < This might be your best bet >
Some of the payment processors even give you the choice to convert say 50% directly to fiat and retaining 50% of it in bitcoins. You chose the percentage according to your preferences. < This might be your best bet >
let's say, $2000 today, tomorrow I might have half of it.
so far bitcoin has NEVER lost 50% in one day.Yeah! You tell him Herbert! Bitcoin's never lost more than about 35% in one day.
From April 9th to April 12th 2013 for example, the daily changes were roughly -25%, -30%, and -35%, and the total 1-week plunge was only about 75%.
Even throughout the 2011 bear market, the price rarely dropped by more than 20% on a single day. The 93% price drop was spread out over almost six months!
...
Wait. I'm not helping am I.
If you are afraid of taking chances or risk then sell right away when you received your bitcoin but I think you will regret it if you do so...though bitcoin is so volatile it still gives higher return for investment its a matter of being optimistic and try to risk little of your earning you never know it can give you good income
bitcoin is very volatile, so there is no assurance of it having a fix price value. but you can note that keeping your bitcoin is a good way to earn. from time to time bitcoin prices rises so if you just keep your btc soon youll get rich. dont mind if btc price fall because that is normal. rather be positive that it'll go up sooner or later in that way you can minimize losses from trading bitcoin.
There's no guaranteed way of doing that unless you convert to USD immediately or have a vender or business account with BitPay or coinbase that immediately converts anything you're paid directly into fiat. Up until at least now if you have held through an entire year you wouldn't have lost anything unless you got paid when bitcoin was around $3,000
From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet.
this means you are accepting the risks and have so far been earning a lot of profit.lets say you started doing this only for the past 6 months. and that means if you got paid $2000 in January now you have $5500 because of the profit you gained from this past 6 months for just letting the coins stay in your wallet!!!
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But lately there has been A LOT of fluctuation in BTC price so if I have,
it is not for "lately".bitcoin has always been volatile.
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let's say, $2000 today, tomorrow I might have half of it.
so far bitcoin has NEVER lost 50% in one day.Quote
I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.
Is there a way? Any suggestions?
yes sell it for cash and hide the cash under your bed. that way your bitcoin value will stay the same in USD forever Is there a way? Any suggestions?
From time to time, I get paid in BTC for my freelancing services. Sometimes, I don't exchange it to real cash and let BTC sit in the wallet. But lately there has been A LOT of fluctuation in BTC price so if I have, let's say, $2000 today, tomorrow I might have half of it. I don't like that kind of a situation. So is there any way to make sure that your BTC gets fixed? Like, somehow fix the BTC price in your wallet. So no matter if actual BTC price rises or falls, you still have the same value that you have today. I think I might be interested in keeping some of my savings in BTC (away from banks) if I can somehow find a way to fix the value that I have today.
Is there a way? Any suggestions?
Is there a way? Any suggestions?
I can understand your concern but honestly you ate just being paranoid. For example say you had 2k two weeks back, that took a plunge to 1700$ last week and this week it went 2700+ so what loss did you make, look mu suggestions is when prices are. Going down don't look at it, and when it's high sell it, a tip: in Bitcoins what goes up down, comes up stronger and better. Or if you need Fiat then keep on trading it for Fiat when you feel prices are high.
If you are getting paid a fixed amount in dollars, let's say $100 (0.036xx in BTC now) the best way to retain their value is to exchange them for a Fiat currency immediately, you could directly use the exchanger's BTC deposit address too.
That's if you don't want to risk losing any value, you could also hold and see how it turns out.
That's if you don't want to risk losing any value, you could also hold and see how it turns out.
OP, your problem has an easy fix. Buy and hold, fasten your seat belts and enjoy the ride. Bitcoin will always be very volatile, nothing can change that. If you want a more stable currency keep holding US Dollar notes.
I guess the OP would need some balls to hold those bitcoins up until the right time where he would have made more than 100% profits on this investment. That's when you can say you haven't lost any value in BTC because in the short term you'll be taken on a roller coaster ride.
I don't really understand you. You don't want to cash it out and you want to keep it in your wallet with fixed value. Then what do you plan? This is not possible. You have to either get USDT or cash it out for this. Otherwise its value will fluctuate much.
Just don't sell them and wait until 2039 
you can short the same amount of bitocin you get, on an exchange, its a good way to be sure you ar enot gonna lose any fiat money from the bitcoin you get, you can do instantl-y when u get it
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