Bitcoin losing value

J

jammed_d_armstrong

Member
Joined
Mar 25, 2018
Messages
29
Does anyone have a way of managing your overall bitcoin assets so you do not lose money?  I use Gemini to purchase and then Blockchain as my wallet.  It takes like 5 - 6 days to get a bitcoin purchase completed.  After I became comfortable using bitcoin I thought it would be a good idea to keep a certain amount in my "wallet" so that if I decided to purchase something, since it takes so long to make the bitcoin purchase, I would have some bitcoin ready.

It was several months between loading my wallet and the decision to make a purchase with bitcoin, but when I checked my wallet the value of the bitcoin had declined by perhaps 5 - 10 %.  Recently I was going to make two purchases from two different vendors and I thought I had it calculated that I would have enough bitcoin left after the 1st purchase to make the 2nd purchase from the 2nd vendor.  But that was not the case, I may have calculated wrong but after the 1st purchase I was barely short of what I needed to make the 2nd purchase.

I thought I had taken the transaction fees into account in my calculation.

So I have not made that 2nd transaction.  Today I was thinking of purchasing more bitcoin to add to my wallet to make the 2nd transaction because I running short of this product that I use from the 2nd vendor.  But when I looked at my wallet I found the value had dropped again.

My knowledge of Bitcoin is just that of a person who uses it to actually purchase items, not as a trader.  I don't really want to try bitcoin trading, I don't want to put the effort into it that is needed to understand it.

So my question here is, can anyone offere advice providing the best way to use bitcoin without losing a lot of money?  I know of "Bitcoin Cash" which was supposed to be speed up the transaction process.  Should I be using that instead of standard bitcoin to make purchases?  Thanks for any help.

Here is a recent article from the NY Times that discusses the declining value of Bitcoin but how it is still favored by "criminals".
https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html

 
Using a method that allows instant access to the coins is better. You can buy them with Cashapp, for the simplest method I found. Coinbase with a debit card (not a bank account, this WILL hold the funds) let’s you send the coins around immediately. Don’t buy any BTC until the trade needs to be made. 

 
You must log in or register to reply here.
Drugbuyersguide Shoutbox
  1. xenxra @ xenxra: @WTF7218 it may as well be that way with how little effort some of the people on here make to find information that's exactly where you would expect it to be.
  2. ontovzik @ ontovzik: When I had long term shingles, lasting two months. All he could give me was a 10 day supply of dilaudid. He looked at the ground while we were talking about it. I could tell he was ashamed but it was the legislature and the governor that tied his hands. He was very upset that non-medical political people, the media, and the scared public were controlling how he treated his patients. Someday those people will need meds and a hospital bed and they will be gone.
  3. ontovzik @ ontovzik: I had a great doctor, he had the true gift of a healer and he stayed on top of all the science. He straight up told me that for many people opiods work for managing short and long term pain.
  4. ontovzik @ ontovzik: He peed it in the snow in my backyard.
  5. WTF7218 @ WTF7218: @xenxra 😆😂. Yes, but only a few brave souls will ever find the number. You must first order a Dirty Shirley from the bartender. Then you must discreetly take the cocktail napkin from under your drink and unfold it. There you will find the map to the location of the phone number, and clues to decipher the code that it is written in.
  6. xenxra @ xenxra: he left his phone number scribbled in a stall at the pub three blocks down
  7. N @ NYStateofMind: @Alkazar I would try one of those easy online ones .. reddit gives useful info about that
  8. Alkazar @ Alkazar: @NYStateofMind I dont really have a history of abusing things, my docotr is just really stingy. I am thinking of switching.
  9. C @ Cheesus: Thanks xenxra
  10. xenxra @ xenxra: @Cheesus yeah, use snote
  11. P @ psychedpsych: Trump is cracking down….
  12. P @ psychedpsych: Hackers are the scum of the earth
  13. N @ NYStateofMind: so it was easy bc of my history
  14. N @ NYStateofMind: I didnt really tell him but he knew I needed a new script since my dr went to jail
  15. N @ NYStateofMind: @xenxra I was on Adderall since 15 years ago so my dr prescribed that w no problems and then when I lost my best friend my doctor rxed the valiums but
  16. C @ Cheesus: Temp.pm down for anyone else?
  17. xenxra @ xenxra: @NYStateofMind my doctor's have always been pretty open minded if i can actually come in and explain the pharmacological action of the drugs im seeking instead of just telling them why i think i should be prescribed. the only time it didn't work out for me is when i was trying pharmaceuticals for depression ten years ago and suggested they let me try testosterone instead (turns out i was hypogonadal so they made a mistake denying my request at face value)
  18. T @ Testisthebest: Even down here in Florida when the pill mill docs all switched over to Suboxone and/or retired you can still find some pretty liberal docs but you gotta know what to look for. Mine does "pain management, detox, anxiety,etc. And no insurance. My doc writes me 60 5mg Valium, 14 2mg Xanax and asked if I had ever tried adderal to get more focus at work as I told him I run my own business.
  19. N @ NYStateofMind: @Alkazar do they know your history? Like I dont tell my doctor anything about myself except what they need to know,...I was able to get my dr to rx the highest dose of adderall along with valiums ..... if they dont know your history or there is no history I would just come out and ask what is the reason for their mistreatment.... they have no problem billing your insurance or taking a payment for the visit
  20. T @ Turbo259: @Layne_Cobain Thank you fam
Back
Top