In this video
I will share
since a lot is asking how to buy Bitcoin
and how to trade Bitcoin
also how to earn through Bitcoin
We’ll talk about PHP to Bitcoin here
Let’s not look around and just used what’s legal here
that is under BSP (Philippines)
We’ll talk about buy and sell BTC
There’s a lot of questions about how to get income
How to compute Bitcoin profit
Hi, sir, I want to trade Bitcoin
but I don’t know how to start
help me please
We have a video about what Bitcoin is
In this video, we’ll just focus about Bitcoin Buy and Sell
Number one you need to do for Buy and Sell
is to create an account with Bitcoin wallet
I recommend Coins.ph
because this is under BSP
Once you create an account in coins.ph,
you’ll automatically have a BTC wallet
Right now, we have .0035967 BTC
in Pesos, we have 12,428.11 PHP
Let me just convert this to avoid confusion
It automatically went up as you see
because we converted our BTC to PHP
How can we buy and get income?
On the top-left
that 520,283
that’s how much one Bitcoin costs
if you buy 1 Bitcoin in Coins.ph
If you sell 1 Bitcoin, this is the value you’ll get
that’s the difference
in Bitcoin Buy and Sell
You buy it at a higher price
and when you sell it, it’s lower
that’s how Coins.ph gets profit
The one we see here
has seconds to hours difference only
it’s not really moving that much
But if we talk about days,
that when you’ll see profit or loss
You can buy Bitcoin
even if it’s not 1 Bitcoin
You can buy 0.00001 only
or 0.00005
depends on you
You can buy using your PHP peso money
Here in Bitcoin,
you can either profit or get deficit
I will explain how you’ll loss profit here
Let’s go to how we can profit
How can we get profit in Bitcoin Buy and Sell?
Like in stock market
Buy it cheaper, then sell it higher
Around Feb 2019
one Bitcoin is just 200,000
You can buy 1 Bitcoin for 205,000
You can also buy just 0.005
it’s not always 200,000
You see here in February
In August 21, it’s for 529,000
If you bought Bitcoin in March for 200,000
and you sold it in August 21 for 500,000
You’ll get profit from there
The Bitcoin you have has a higher value in August 21
You’re total earnings is now higher
So if you bought this CD last March at 200 pesos
and it became in demand
and the price went up,
This August 21,
it’s now for 600 pesos
then I sold it
So my 200 pesos is nnow 600 pesos
Same with Bitcoin
But just a warning
You can earn and loss income
You’ll loss income if you sell it cheaper
Here is an actual example
where you bought it cheaper
and you sold it at a higher price
To buy Bitcoin,
Click on PHP
Click Convert
Double check that you’re converting from PHP
Meaning, PHP money in your account
To buy BTC
You will receive BTC
At the bottom you’ll see the current rate,
or how much you bought the Bitcoin
you will put how much
Bitcoin you are going to buy
For example,
5000 pesos
Once you pay 5000 pesos
you’ll be able to get 0.00961 Bitcoin
That’s what you will get
If you buy 10,000
then you will get more BTC or Bitcoin
BTC and Bitcoin are just the same
You can also type in BTC directly
For example, you needed an exact Bitcoin amount
For example, you need 0.005
The amount you need to pay will automatically show here
Let’s have an actual example
where we buy it cheaper
and sell it at a higher price
This sample
is on a different day
We’ll buy 500 pesos worth of Bitcoin
and we’ll get 0.00118252 BTC
That’ll go to your wallet
The BTC’s price this day
this is what you’ll get
then click on confirm
This is just a confirmation
that you converted to 0.0011852 BTC
When you go back to My Wallet
Your PHP was deducted
by 500 pesos
since you buy BTC
Then you’ll see in your BTC wallet
you now have 0.00118337 BTC
The amount is different here
because we have like 0.000003 remaining here
so the amount we converted adds up here
you now have Bitcoin
for us to get income here
we will buy it cheap
then sell it at a higher price
You will see on this time
on our pre-recorded video
the BTC’s price is 539,234
That’ll be the selling price of BTC
If you click on BTC,
this is the exact amount that we converted earlier
Our 500 pesos before
is now worth 637 pesos
That 500 is just for our sample
you can also buy just 50 pesos
if you just want 50
If you want to convert it back to PHP
for you to get profit
for you to get your profit
Click on BTC, then Convert
You are converting from BTC
and you will receive PHP
That should be what it says
you might mistakenly buy again if you don’t check
Then you may now click confirm
it will now go back to PHP
You now see you have zero Bitcoin
and it’s now in your PHP wallet
Let’s have another actual example
that we did convert just now
because I want to show you something
Let’s click on Convert
Our money can buy this amount only
because the value today is higher
What I want to explain here
if you see here, we bought 500 worth of BTC earlier
and we got 96137
with three zeros before it
The value is now just 478 pesos
Why is that?
Because in coins.ph
like what I said earlier
Once you buy BTC
you buy it at a higher price,
and once you sell it,
the price will be cheaper
that’s how they profit from it
If you just want too fast investing time,
this is not for you
It takes days
weeks, or even months
to profit here
That’s just normal
that’s how they get profit too
Do not be surprised
that after you just bought it
the value decreased already
that’s because of BTC buy and sell in coins.ph
But then,
that doesn’t always go up
as you see right now, it’s going up
If you bought last December
for 179,000
then you sold it when its price went up to 600,000
It went up by almost 300%
Your 10,000 before
if you used it to buy BTC before
It’ll be 30,000 pesos
But then
this is just a warning
it’s not always going up trend
If you see its 5-year time
You’ll see here
It worth almost 1 million pesos before
in December 2014
If that is the time that you bought BTC
Sometimes we thought that it will go up
but then it will actually go down
we can’t predict Bitcoin’s price
it’s volatile
sometimes it goes up so much
and sometimes it’s too low
If you buy on that trend
you buy at the peak
the highest price
and you sold it at a cheaper price
what will happen to your money?
Let’s go back to the CD
we thought that the price will go up
so we bought it for 1,000 pesos
For example, this is 1,000 pesos in 2017
then the price dropped
to 500,000 and lower
to 340,000
then you thought that it’ll continue to go down
to 100,000
so you sold the CD
for only 300 pesos
So what happened to your 1,000 pesos then?
It became 300 pesos because of that
There’s a deficit of 700 pesos
that’s how you can get deficit here
You bought it at a higher price, then you sold it cheaper
If you’re going to buy and sell Bitcoin
in any platform
use your extra money only
the one that you don’t need for expense
Because if it’s something that you need,
you’ll be forced to sell it cheaper
For first timers,
If you cash in money to your PHP
Bitcoin will go up and down
but this will not change
because that’s in PHP
It will just change value if you convert it to BTC
this amount in your BTC
of 96137
it will change every minute
every day
every week
it will change
depending on the price of Bitcoin
Another warning
other than the price might go up and down,
if you click on your BTC
if you click on the barcode,
Be sure to send only BTC
to this address
If you send BCH
or any digital currency
your funds will be permanently lost
That is true.
I knos someone
a YouTuber
who sent 30,000 worth of USDT to his wallet
It got lost
this BTC wallet address
is for BTC only
you can only send Bitcoin here
you should not send Etherium here
or — like USDT
do not send those here
Because if you send here,
your money will be lost
it will not go here
and it will also be gone from where you sent it
So remember
BTC wallet
you can only send BTC here
It’s not coins.ph’s fault
they gave a warning
because that’t the logic of it
you should not send other currency
because they only accept BTC
So we discussed
PHP to BTC only
or BTC to PHP
If you want other currency
check our Binance video
you’ll see it on the card on top
By the way
you can use this on your laptop,
and iPad
you can also use tablets
If you’ll use cellphone, download the application
After you download it,
we have a step-by-step video
on how to register
let me add also
Bitcoin is moving 24/7
Even on 12 midnight
or 3AM
afternoon, it’s still moving
the price changes
same with coins.ph
you can buy and sell Bitcoin
Make sure to click the Like video
if you want to see more ways to earn in coins.ph
Thank you for watching homemates
See you next time