[Crypto Q&A] Does increase in Bitcoin market price bring about increase in money for hodlers automatically?

Discussion • 2021/03/15 • 通过

Does increase in Bitcoin market price bring about increase in money for hodlers automatically?

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客人

atikarani14

6 年前

yes usually the ups and downs of bitcoin prices determine the price of other crypto coins.

bellagita_

6 年前

yes bitcoin crypto benchmark price.

jalansultan

6 年前

Yes good 👍

visiblemoney

5 年前

Yes of course! The increase in price of bitcoin in the market automatically translates to increase in the asset value for an investor who possesses it and vice versa. The higher the uptrend the higher the value and amount derivatives when comparing the asset worth with fiat equivalent. For instance BTC amount of 0.005 valued at $80 would likely jump to $110 if the bull continues to move uptrend. Thus same 0.005BTC gains $30 as a matter of upward momentum in price action.