>> (p.1)
    Author Topic: Selling bitcoin  (Read 167 times)

    • Beware7 (OP)
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    March 14, 2018, 08:45:07 AM
     #1
    Hi. I have a question concerning about selling bitcoins or altcoins in general. Let's say for example that bitcoin price is 9000 $ per one piece. And I own 2 bitcoins and I decide to sell them (for sake of simplicity, let's omit the fees that platforms will charge you for selling and I am supposed to get 18 000 $ for 2 bitcoins). As far as I know, the money you receive from selling will appear in your bank account about in 3 business days. But during that waiting time, let's say, bitcoin price drops to 5000 $ per one piece. Does that mean that I get 10 000 $ instead of 18 000 $ or I still get the money with the price rate when I sold them ( that is do I still get 18 000$ even though bitcoin price has dropped ) ?

  • sabine80
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    March 14, 2018, 10:52:07 AM
     #2
    simple answer. you get the $18000. the price is based on the day the trade was made. what happens after that with the price does not matter.

  • BrentMack
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    March 14, 2018, 10:53:03 AM
     #3
    As long as you already sold at $9000 then the money coming into your account for two bitcoins will be $18,000. You already sold so the movement of the market no longer affects your coins. Even if it goes higher or lower, you get the value at which you sold it for. I hope this helps

  • deevan
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    March 14, 2018, 11:16:25 AM
     #4
    Whether you buy or sell your bitcoin/altcoin on any exchange platform the value you get while making a trade is locked at that moment, regardless of whatever the price will be between the time you execute the trade and received your money in the bank. As the market is fluctuating every instant, so you will exactly get that amount of money the moment you trade. So yes you will get 18000$ in your bank account. Smiley

  • Beware7 (OP)
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    March 14, 2018, 11:40:35 AM
     #5
    Thank you for clearing my doubts Smiley Case closed.

    Best regards,
    Beware7.
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