I sort of "pulled out" a while ago but didn't realise thet Binance USD couldn't be transferred anywhere else so just left my money there temporarily.
Watching the Bitcoin drop recently, I converted it to BTC at just over $32,000. I will sell it at some point but maybe I'll make a little bit of extra profit as well.
I sort of "pulled out" a while ago but didn't realise thet Binance USD couldn't be transferred anywhere else so just left my money there temporarily.
Watching the Bitcoin drop recently, I converted it to BTC at just over $32,000. I will sell it at some point but maybe I'll make a little bit of extra profit as well.
You can sell as usdc and you can transfer that to coinbase.
What I am curious about, is if there are only ever going to be 21,000,000 btc mined, in terms of using it as a national currency, how does that work exactly. I get it’s the complete opposite of the idea that governments can simply print money, but on a practical level, I’d be keen to understand how it is factored in when buying and selling goods.
What I am curious about, is if there are only ever going to be 21,000,000 btc mined, in terms of using it as a national currency, how does that work exactly. I get it’s the complete opposite of the idea that governments can simply print money, but on a practical level, I’d be keen to understand how it is factored in when buying and selling goods.
Bitcoin maxis will tell you that prices will switch to satoshis, not Fiat prices. They’ll also tell you that by the time 21 million are mined and in circulation the relative price of bitcoin would’ve stabilised.
Personally I see bitcoin as digital gold, a secure store of value, but not particularly useful for much else. Much cheaper and faster and better for the environment to transfer millions/billions of £ in bitcoin than millions/billions of £ of gold.
I'm stupidly back in at 35.5k - lets watch it plummet! This time have set a small profit target of 3% so out at around 36.5k, hopefully soon!
So allowing for costs to buy and again to sell, to make 3% 'profit' after costs, you'd actually need BTC to gain 10%, correct?
No, no costs.
What crypto platform would you recommend for no trading fees? I currently use Binance and thought they were pretty low trading fees.
I use EToro, it's 'free' from fee's but you do have the buy/sell swing, no idea if it's the cheapest overall as will depend how often and how much you are trading.
I'm stupidly back in at 35.5k - lets watch it plummet! This time have set a small profit target of 3% so out at around 36.5k, hopefully soon!
So allowing for costs to buy and again to sell, to make 3% 'profit' after costs, you'd actually need BTC to gain 10%, correct?
No, no costs.
What crypto platform would you recommend for no trading fees? I currently use Binance and thought they were pretty low trading fees.
I use EToro, it's 'free' from fee's but you do have the buy/sell swing, no idea if it's the cheapest overall as will depend how often and how much you are trading.
Not that many crypto assets on eToro. i use it as well. As rob7lee points out, the buy/sell swing is where they make their money. It's actually one of the steepest.
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i have been watching videos on these charts etc, but my mind doesn’t grasp these sorts of things
Well I'm still needing $62k to break even on BTC from original investment so a long way back up still.
Yes, 42/43k. I'd expect price to go up to there and correct back to $40k, i'll buy there.