How to buy Bitcoin
Bitcoin is one of the most valuable items in the world, currently. Just in the last week, the price of one Bitcoin has jumped from 6k to 7k, making investors like myself very happy. I am one of the most skeptical people in the world, but seeing is believing.
1 year ago, I bought $2 dollars worth of Ethereum. I didnt really know what I was doing. I was told it was going to be the next Bitcoin, so I figured $2 dollars, whats the harm?
Then I forgot about it.
I checked my account 12 months later, and found out the $2 dollars, had turned into $65. From there, I was hooked into the idea of Cryptocurrency. There seems to be some human instinct that dismisses things they dont understand, and cast them aside. Whether is subconcious or not, it happens. It defiently happened with Bitcoin.
All things main-stream media, along with family and friends told me. But almost 10 years later, Bitcoin is reaching all-time-highs, every day. So a nice primer for the total noob, like I was a couple months ago, was in order.
Time: 10 minutes
Items Needed: Email address, telephone, valid ID, and a debit card
Step 1: Make a free account at Coinbase.com Its the world’s most popular crypto-wallet, and your money is insured by FDIC, if the site is hacked. Just ensure you use strong passwords, and 2 factor authentication when you sign up.
Step 2: After your email and phone number are verified, click “Add a Payment Method”
Step 3: Choose debit/credit card
Step 4: Make a purchase. *I recommend spending at least $100 to see noticeable results, but even with $25 you will be a instant bitcoin owner.
Step 5: Wait 10 seconds for the payment to process, and you will see the bitcoin in your wallet. Now you can check the chart, and see the price you bought it at, and then the price it’s currently at.
In my opinion, although you may see instant returns on investment, Bitcoin is a holder’s game. And the longer you hold, the more you will see it increase. Bitcoin has steadily grown, and shows no signs of stopping. And legitimate financial institutions are now offering Bitcoin as a currency, and Asian markets have recently signed on the crypto-market.
Do not be like 99 percent of the population and just ignore it because you don’t understand it. Sign up, and hold onto it. Just owning some for a while is a great learning experience.