I am new to investing I have a question, if i invest 20$

young3dvard

full member

Activity: 193

Merit: 100

Quote from: NativeSoldier on December 22, 2013, 10:21:44 PM

1 bitcoin is currently going for 650$ but lets say I invest 20$ into coinbase and then 1 bitcoin becomes worth 750$ does that mean my 20$ will become a higher profit or do I need to buy one bitcoin to see a profit ... I am confused lol so anything I invest even if its a dollar as long as bitcoin profits rise that dollar rises correct?

Yes, in your example you will be able to sell your 0.03077 Bitcoins for 23$

EarthcoinMOON

member

Activity: 69

Merit: 10

how old are you?

jonanon

full member

Activity: 154

Merit: 100

If you invest $20 you will get a fraction of a Bitcoin.

If the price of Bitcoin goes up your fraction of a Bitcoin will be worth more so if you sold it you would get more than your initial $20.

If the price of Bitcoin goes down your fraction of a Bitcoin will be worth less so if you sold it you would get less than your initial $20.

Wink

BCPZalkota

jr. member

Activity: 97

Merit: 1

Your thinking too hard, Its very simple just dont think of one btc meaning anything special.

If you buy .5 btc when one whole btc is $100 and then you sell that .5 btc (which you bought FOR $50) when one whole btc goes to $300, then you will receive .5 of the new btc price($300), so you made $100 profit (sold for $150 - $50 original investment)

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

You obtain the BTC at the market price bitcoin moves up or down when you sell if you bought cheaper == $$$ if you sell more expensive or same price including fee == Loss

deepceleron

legendary

Activity: 1512

Merit: 1036

Bitcoin is not an investment. You could obtain 0.02 bitcoin, but nobody honest is going to promise you anything in return, except that you now have internet money you can spend on things. Most believe that in the long term though, Bitcoin has only two options, to zero or to the moon.

NativeSoldier

newbie

Activity: 11

Merit: 0

Quote from: PhukkYou on December 22, 2013, 10:26:38 PM

it'll rise a little bit sure, but i suggest mining altcoins and holding on to them to exchange for btc later...

you cant lose real money if you don't put real money in.... why am i telling you this?? fuck it, go blow 3 whole paychecks on bit coins and hope for the best!

Lol I am confused on investing I dont even know wtf to do with altcoins

PhukkYou

newbie

Activity: 13

Merit: 0

it'll rise a little bit sure, but i suggest mining altcoins and holding on to them to exchange for btc later...

you cant lose real money if you don't put real money in.... why am i telling you this?? fuck it, go blow 3 whole paychecks on bit coins and hope for the best!

NativeSoldier

newbie

Activity: 11

Merit: 0

1 bitcoin is currently going for 650$ but lets say I invest 20$ into coinbase and then 1 bitcoin becomes worth 750$ does that mean my 20$ will become a higher profit or do I need to buy one bitcoin to see a profit ... I am confused lol so anything I invest even if its a dollar as long as bitcoin profits rise that dollar rises correct?

Topic: I am new to investing I have a question, if i invest 20$ (Read 641 times)