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Paano kumita sa Coins ph sa pag Buy and Sell ng Bitcoin (BTC 2021) - YouTube
Channel: James Tristan Ruiz
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Homemates
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In this video
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I will share
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since a lot is asking how to buy Bitcoin
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and how to trade Bitcoin
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also how to earn through Bitcoin
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We'll talk about PHP to Bitcoin here
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Let's not look around and just used what's legal here
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that is under BSP (Philippines)
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Coins.ph
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We'll talk about buy and sell BTC
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There's a lot of questions about how to get income
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How to compute Bitcoin profit
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Hi, sir, I want to trade Bitcoin
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but I don't know how to start
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help me please
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We have a video about what Bitcoin is
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In this video, we'll just focus about Bitcoin Buy and Sell
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Number one you need to do for Buy and Sell
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is to create an account with Bitcoin wallet
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I recommend Coins.ph
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because this is under BSP
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Once you create an account in coins.ph,
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you'll automatically have a BTC wallet
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Right now, we have .0035967 BTC
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in Pesos, we have 12,428.11 PHP
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Let me just convert this to avoid confusion
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It automatically went up as you see
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because we converted our BTC to PHP
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How can we buy and get income?
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On the top-left
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that 520,283
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that's how much one Bitcoin costs
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if you buy 1 Bitcoin in Coins.ph
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If you sell 1 Bitcoin, this is the value you'll get
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497,425
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that's the difference
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in Bitcoin Buy and Sell
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You buy it at a higher price
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and when you sell it, it's lower
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that's how Coins.ph gets profit
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The one we see here
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has seconds to hours difference only
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it's not really moving that much
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But if we talk about days,
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that when you'll see profit or loss
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You can buy Bitcoin
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even if it's not 1 Bitcoin
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You can buy 0.00001 only
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or 0.00005
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depends on you
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You can buy using your PHP peso money
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Here in Bitcoin,
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you can either profit or get deficit
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I will explain how you'll loss profit here
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Let's go to how we can profit
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How can we get profit in Bitcoin Buy and Sell?
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Like in stock market
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Buy it cheaper, then sell it higher
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Around Feb 2019
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one Bitcoin is just 200,000
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You can buy 1 Bitcoin for 205,000
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You can also buy just 0.005
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it's not always 200,000
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You see here in February
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In August 21, it's for 529,000
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If you bought Bitcoin in March for 200,000
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and you sold it in August 21 for 500,000
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You'll get profit from there
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The Bitcoin you have has a higher value in August 21
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You're total earnings is now higher
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So if you bought this CD last March at 200 pesos
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and it became in demand
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and the price went up,
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This August 21,
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it's now for 600 pesos
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then I sold it
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So my 200 pesos is nnow 600 pesos
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Same with Bitcoin
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But just a warning
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You can earn and loss income
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You'll loss income if you sell it cheaper
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Here is an actual example
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where you bought it cheaper
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and you sold it at a higher price
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To buy Bitcoin,
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Click on PHP
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Click Convert
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Double check that you're converting from PHP
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Meaning, PHP money in your account
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To buy BTC
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You will receive BTC
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At the bottom you'll see the current rate,
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or how much you bought the Bitcoin
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In PHP,
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you will put how much
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Bitcoin you are going to buy
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For example,
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5000 pesos
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Once you pay 5000 pesos
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you'll be able to get 0.00961 Bitcoin
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That's what you will get
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If you buy 10,000
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then you will get more BTC or Bitcoin
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BTC and Bitcoin are just the same
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You can also type in BTC directly
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For example, you needed an exact Bitcoin amount
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For example, you need 0.005
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The amount you need to pay will automatically show here
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Let's have an actual example
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where we buy it cheaper
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and sell it at a higher price
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This sample
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is on a different day
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We'll buy 500 pesos worth of Bitcoin
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and we'll get 0.00118252 BTC
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That'll go to your wallet
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The BTC's price this day
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422.825
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this is what you'll get
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then click on confirm
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This is just a confirmation
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that you converted to 0.0011852 BTC
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When you go back to My Wallet
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Your PHP was deducted
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by 500 pesos
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since you buy BTC
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Then you'll see in your BTC wallet
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you now have 0.00118337 BTC
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The amount is different here
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because we have like 0.000003 remaining here
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so the amount we converted adds up here
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you now have Bitcoin
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Next,
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for us to get income here
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we will buy it cheap
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then sell it at a higher price
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You will see on this time
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on our pre-recorded video
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the BTC's price is 539,234
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That'll be the selling price of BTC
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If you click on BTC,
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this is the exact amount that we converted earlier
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Our 500 pesos before
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is now worth 637 pesos
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That 500 is just for our sample
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you can also buy just 50 pesos
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if you just want 50
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If you want to convert it back to PHP
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for you to get profit
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for you to get your profit
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Click on BTC, then Convert
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You are converting from BTC
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and you will receive PHP
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That should be what it says
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you might mistakenly buy again if you don't check
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Then you may now click confirm
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it will now go back to PHP
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You now see you have zero Bitcoin
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and it's now in your PHP wallet
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Let's have another actual example
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that we did convert just now
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because I want to show you something
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Let's click on Convert
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Our money can buy this amount only
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because the value today is higher
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What I want to explain here
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if you see here, we bought 500 worth of BTC earlier
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and we got 96137
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with three zeros before it
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BTC
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The value is now just 478 pesos
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Why is that?
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Because in coins.ph
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like what I said earlier
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Once you buy BTC
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you buy it at a higher price,
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and once you sell it,
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the price will be cheaper
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that's how they profit from it
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If you just want too fast investing time,
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this is not for you
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It takes days
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weeks, or even months
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to profit here
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That's just normal
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that's how they get profit too
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Do not be surprised
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that after you just bought it
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the value decreased already
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that's because of BTC buy and sell in coins.ph
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But then,
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that doesn't always go up
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as you see right now, it's going up
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If you bought last December
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for 179,000
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then you sold it when its price went up to 600,000
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It went up by almost 300%
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Your 10,000 before
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if you used it to buy BTC before
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It'll be 30,000 pesos
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But then
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this is just a warning
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it's not always going up trend
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If you see its 5-year time
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You'll see here
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It worth almost 1 million pesos before
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in December 2014
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If that is the time that you bought BTC
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Sometimes we thought that it will go up
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but then it will actually go down
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we can't predict Bitcoin's price
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it's volatile
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sometimes it goes up so much
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and sometimes it's too low
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If you buy on that trend
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you buy at the peak
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the highest price
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and you sold it at a cheaper price
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what will happen to your money?
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Let's go back to the CD
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we thought that the price will go up
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so we bought it for 1,000 pesos
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For example, this is 1,000 pesos in 2017
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then the price dropped
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to 500,000 and lower
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to 340,000
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then you thought that it'll continue to go down
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to 100,000
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so you sold the CD
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for only 300 pesos
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So what happened to your 1,000 pesos then?
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It became 300 pesos because of that
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There's a deficit of 700 pesos
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that's how you can get deficit here
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You bought it at a higher price, then you sold it cheaper
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If you're going to buy and sell Bitcoin
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in any platform
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use your extra money only
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the one that you don't need for expense
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Because if it's something that you need,
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you'll be forced to sell it cheaper
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For first timers,
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If you cash in money to your PHP
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coins.ph
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Bitcoin will go up and down
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but this will not change
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because that's in PHP
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It will just change value if you convert it to BTC
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this amount in your BTC
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of 96137
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it will change every minute
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every day
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every week
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it will change
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depending on the price of Bitcoin
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Another warning
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other than the price might go up and down,
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if you click on your BTC
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if you click on the barcode,
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Be sure to send only BTC
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to this address
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If you send BCH
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USDT
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or any digital currency
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your funds will be permanently lost
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That is true.
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I knos someone
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a YouTuber
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who sent 30,000 worth of USDT to his wallet
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It got lost
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Remember
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this BTC wallet address
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is for BTC only
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Meaning
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you can only send Bitcoin here
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you should not send Etherium here
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or -- like USDT
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do not send those here
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Because if you send here,
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your money will be lost
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it will not go here
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and it will also be gone from where you sent it
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So remember
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BTC wallet
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you can only send BTC here
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It's not coins.ph's fault
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they gave a warning
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because that't the logic of it
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you should not send other currency
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because they only accept BTC
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So we discussed
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PHP to BTC only
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or BTC to PHP
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If you want other currency
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check our Binance video
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you'll see it on the card on top
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By the way
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you can use this on your laptop,
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computer
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cellphone
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and iPad
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you can also use tablets
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If you'll use cellphone, download the application
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After you download it,
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we have a step-by-step video
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on how to register
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let me add also
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Bitcoin is moving 24/7
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Even on 12 midnight
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or 3AM
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afternoon, it's still moving
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the price changes
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same with coins.ph
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you can buy and sell Bitcoin
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24/7
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Make sure to click the Like video
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homemates,
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if you want to see more ways to earn in coins.ph
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Thank you for watching homemates
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See you next time
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