1. 03-19-17 12:54 PM #1
    teachervido
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    Bitcoin Question

    Hi guys!

    Question in regards to bitcoins. This will be my first w/d using bitcoins as I've already setup an account on coinbase and blockchain. The minimum withdrawal is $50 and I was wondering if I do withdrawal $50 in bitcoins and it's processed and the money is in my wallet; what happens if a few days later bitcoins drops $100 from $1100 to $1000 overnight? Does that mean all the bitcoins in my wallet will be gone or just proportional to it?

    Thanks!
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  2. 03-19-17 01:09 PM #2
    soxwin1917
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    It's proportional to the amount of BTC you have.
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  3. 03-20-17 12:04 AM #3
    Optional
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    Quote Originally Posted by teachervido View Post
    Hi guys!

    Question in regards to bitcoins. This will be my first w/d using bitcoins as I've already setup an account on coinbase and blockchain. The minimum withdrawal is $50 and I was wondering if I do withdrawal $50 in bitcoins and it's processed and the money is in my wallet; what happens if a few days later bitcoins drops $100 from $1100 to $1000 overnight? Does that mean all the bitcoins in my wallet will be gone or just proportional to it?

    Thanks!
    If the base priced dropped 10% like that, so would the value of bitcoin you are holding. So your $50 would only be worth about $45

    If you are just using bitcoin to transfer money then don't leave it sitting around as bitcoin. Try to get it into a book or sold back for $$ ASAP each time.
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