Bitcoin Question

[teachervido]

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!

[soxwin1917]

It's proportional to the amount of BTC you have.

[Optional]

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.