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| To buy in you traded dollars for let's say btc. You used an exchange like coinbase to do this. Then you can remove the btc from the exchange and store it in your wallet called a Ledger. This btc is in your possession and yours only. It's all digital tho. Your Ledger produced an address from the blockchain. Your btc is there but it's your address. Like a safety deposit box only you can access.
Now if btc goes up 5k you have 5k more in btc value.
Like stocks you can hold it right where it is. Or use the btc to buy something else. Or you can move the btc back to the exchange and sell for your dollars. Now you can put the 5k in your hand.
Many people have held btc in their digital wallets like many hold gold in a safe.
It's a digital asset the only thing you can hold is the Ledger that has the address or something physical you trade for, like dollars.
Hope this makes better sense.
Edited by jimmy 3/5/2024 21:08
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Bitcoin
