This is a question coming from a lot of buyers asking if they can leave behind their money with us and they will just call us to place the transaction during a market dip.
First of all we cannot keep money not sold at the end of the day so we have to return it and second there is a better way to do this.
If you leave your money with us, you cannot react real-time with market dips because the entire manual process of trading Bitcoins for cash would take long and eventually the dip might be quickly over before you are able to buy Bitcoins.
Disclaimer:
This is for educational and reading purposes only and should not be taken as an investment advice. This is not a financial advice and I am no financial advisor. Consult your own financial advisor or do your own due diligence before making any forms of Bitcoin or cypto investment.
The best way to do this is buy Bitcoins anytime and convert them to USDT right away.
What are USDT? They are a cryptocurrency available at Bitcoin exchanges that are always valued at 1 is to 1 to the US Dollar. In this way you can trade your Bitcoins right away for USDT anytime.
So let me do the math for you and the step by step on how to do it:
You have 100,000 pesos now that you want to convert for Bitcoins
Let’s say the selling rate of Bitcoins is just 5% higher than market rate on that day.
Market Price is 1,000,000 pesos or $19,853
Selling Price (+5%) 1,050,000 pesos
So we divide your 100,000 pesos with the selling price of 1,050,000 pesos
= 0.09523810
Now once you have Bitcoins create an account with Bittrex.com and click the “Wallets” at the upper right
click the (+) beside BTC to deposit Bitcoins to your Bittrex account.
Click the “$ Markets” and type BTC
Select “Max” if you want to convert all of your Bitcoins
Select “Ask” to make the price in your favor or “Bid” if you are in a hurry but the price would be in favor of the Buyer of Bitcoins.
You can convert your Bitcoin to USDT at almost 0.1% market gap between buy and sell.
Let’ say the USD to Peso conversion on this day is 50.37
So if you convert your Bitcoins to USDT right away you would have
= 0.09523810 (your BTC) x $19,853 (market price)
= 1,890.76 USDT or 95,237 pesos
Why do you have 95,237 pesos equivalent from your 100,000 pesos?
Of course there was a 5% sell rate fee when you bought Bitcoins at the start remember?
With this method you now have USDT on standby and buying Bitcoins during market dips is just a click of a button away and available for you to convert 24/7. This is better than having Pesos on hand, it would take so much time for you to convert your Pesos to Bitcoins during a market dip.
Let’s say Bitcoin’s price went down from the time you bought it, your USDT is not affected by the Bitcoin price dip and once you are confident to enter the market again just trade it for Bitcoins and hopefully you have more Bitcoins now than when you started.
Pro Tip:
Be careful in timing the market, no one can predict when Bitcoin will dip and recover, a lot of people has lost money already trying to time the market.
When you have USDT can you buy other tokens instead of Bitcoins?
Yes you can buy any tokens once you have USDT.
Do not leave your tokens on exchanges, you are not protected by Bitcoin decentralized security when your tokens are inside exchanges.
Once you are happy with your Bitcoin exchange from USDT always transfer them to Bitcoin wallets with private keys so that you are ensured of long-term safe keeping for your bitcoins.
If you look at the Bitcoin dips in the past they are all negligible to the entire growth Bitcoin has made for the last 9 years, so don’t worry too much about dips because you’ll soon forget them when Bitcoin makes more gains in the future.
I have this opened the whole day to monitor Bitcoin price per second.
You can also appreciate Bitcoin charts and trends by timeline just check the upper right to view the price history of Bitcoins and you’ll see the market dips of the past are no longer recognizable to the overall scheme of things.
If you have questions, please leave it below, I’ll try my best to answer them to the best of my knowledge.
Disclaimer:
This is for educational and reading purposes only and should not be taken as an investment advice. This is not a financial advice and I am no financial advisor. Consult your own financial advisor or do your own due diligence before making any forms of Bitcoin or cypto investment
We cover all topics on our website:
- How to safely buy Real Bitcoins
- How to get Real Wallet for Bitcoins with Private Keys
- How to safely store bitcoins for the long-term
- How to sell for profit in the future
Visit bitcoinsmeetup.com
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