Someone asked a question about cryptocurrency.
QUESTION: What if Bitcoin crashes to zero and my investment crashes to zero as well, will I get my money back if it rises again?
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✅Absolutely, YES!
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HERE’S WHY.
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For instance, you bought 0.01 BTC at $10,000 and BTC value crashes to zero, you still have 0.01 BTC in your portfolio.
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So, anytime the value rises back up, your investment will rise as well.
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This was one of the questions I didn’t get answer to in my early days.
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HODL YOUR POSITIONS.
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BONUS TIP: Those who are patient will cash out on the heads of the impatient ones.
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Guess what, the impatient ones will surely find their way back, in a bid to regain their losses… The circle continues.
HERE’S FURTHER EXPLANATION!
0.00000000 BTC will cost you $0, no value.
So, any amount of BTC you have stays the same forever, only the value changes.
If BTC is currently 30k USD, and you have 0.01 USD valued at $1,000, even though BTC price crashes to $0, your 0.01 BTC still remains the same 0.01 BTC.
Anytime BTC price goes back to $30k, your 0.01 goes back to $1,000
I thought you should know this as an exchanger 😂 .
#cryptocurrency #bitcoin
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