I’m not looking to invest in bitcoin at the moment. I just want cash on this withdrawal. What I’m concerned about if I get a coinbase wallet is like computer group said what happens if bitcoin crashes or fluctuates big time as soon as my $$$ goes in the wallet? I know it could also go up but again I’m really just interested in getting some cash out.
In a 5 min period between receiving your bitcoin and converting it to cash.
Im being very generous . You probably looking at your money fluctuating at most maybe 20 bucks on 10k.
And that’s if the price movement is crazy .
And of course the odds of your money increasing by that much are just as much as it decreasing .
But if you would rather do the bank thing go ahead .
But just to give perspective .
Bitcoin went down over 20% in a 24 hr period a few weeks ago.
One of its single biggest single day drops ever.
Even if you would have got your payout that day chances are you would have only lost a few bucks that day.
Thats a 20% drop in 24 hrs not a 20% drop in 5 mins