[Daily Discussion] - Saturday, May 01, 2021 Bitcoin Markets |
- [Daily Discussion] - Saturday, May 01, 2021
- [Altcoin Discussion] - May 2021
- Bitcoin Trading or Converting?
[Daily Discussion] - Saturday, May 01, 2021 Posted: 30 Apr 2021 09:00 PM PDT Thread topics include, but are not limited to:
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[Altcoin Discussion] - May 2021 Posted: 30 Apr 2021 09:00 PM PDT Thread topics include, but are not limited to:
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Bitcoin Trading or Converting? Posted: 30 Apr 2021 10:59 AM PDT I am new to bitcoin, obviously. I have setup a coinbase account. Have done several of the reward items. Have currently got $11 usd in BTC, and various others of the free coins they give for watching videos and such. I have moved a few of the coins from what they was given to me in, over to BTC. But what I'm not sure on. If say I have a value of $10 in BTC, and it is at $57k right now. And I trade that to another coin, for example Litecoin. It is currently at $267. So now my litecoins, are still valued at $10 right? If say BTC was to drop to $52k, I could then trade the $10 of litecoins, back into BTC, which is now at $52k. Then when it goes back up, my $10 is now gaining value? Am I understanding this correctly? Basically, can move them from one coin, to another, rising and falling, and hopefully use market to increase the value? What I'm just trying to avoid is going from USD cash to Crypto and back and forth. Please someone tell me if I'm understanding correctly or just completely lost with it all! [link] [comments] |
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