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What happens if I buy Bitcoin on Cash App and the price drops?

avatarinventiondmDec 26, 2021 · 3 years ago3 answers

If I purchase Bitcoin on Cash App and the price of Bitcoin drops, what will happen to my investment? Will I lose money?

What happens if I buy Bitcoin on Cash App and the price drops?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    If you buy Bitcoin on Cash App and the price drops, the value of your investment will decrease. However, you will not lose money unless you sell your Bitcoin at a lower price than what you bought it for. It's important to remember that the price of Bitcoin is volatile and can fluctuate greatly. If you believe in the long-term potential of Bitcoin, you may choose to hold onto your investment and wait for the price to recover.
  • avatarDec 26, 2021 · 3 years ago
    Don't panic! If you buy Bitcoin on Cash App and the price drops, it's just a temporary fluctuation. The cryptocurrency market is known for its volatility, and price drops are not uncommon. Instead of selling your Bitcoin at a loss, consider holding onto it and waiting for the price to rise again. Remember, investing in Bitcoin should be seen as a long-term strategy.
  • avatarDec 26, 2021 · 3 years ago
    If you buy Bitcoin on Cash App and the price drops, you may experience a temporary loss in the value of your investment. However, it's important to keep in mind that the price of Bitcoin is highly volatile and can change rapidly. If you believe in the long-term potential of Bitcoin, you may choose to hold onto your investment and wait for the price to recover. Alternatively, you can also consider diversifying your investment portfolio to minimize the impact of price fluctuations.