Wednesday, October 23, 2019

Intro to Tiptoe into Crypto

Why would you write a blog about buying only $25 worth of bitcoin? Isn't there enough information available on the internet already? The short answer is there is a whole lot of info available, AND figuring out where to start is still difficult. I myself just got into crypto-currency,. I did my due diligence and after several days of research and contacting a lifelong friend who had been involved in Bitcoin for several years finally bought my first $50 in bitcoin and shortly thereafter purchased my first altcoin. I will gladly show you what I have learned in the next weeks so you can reap the rewards of investing in the crypto economy. 
Before we go any further, I want to get in front of any legal issues. First, there will be links contained herein, that are affiliate links. In other words, by clicking on them I may receive compensation. Secondly, I am not an investment advisor and this blogDOES NOT constitute investment advice, but rather contains my experience and views. Bitcoin and other Cryptocurrencies are inherently volatile, so please do your own due diligence before investing (especially altcoins).
What good will investing only $25 do, you might ask? Ideally, this would not be a one-time occurrence. I personally have multiple weekly and monthly investments in order to take advantage of dollar-cost averaging. Also, I have a wife and kid, so putting more than 20-50 bucks at a time into any one investment isn't the best option for my personal checkbook ledger. Having a fairly average income I assume many of you are in that same boat but want to get involved in this new market. So I personally invest $25 a month into BTC (Bitcoin) and $10 into an altcoin.
That being said, I have heard multiple people predict BTC pricing of $50K plus by the end of 2020.  (once again this is no guarantee and BTC could bottom out, although I find that extremely unlikely) If you buy today, as of this moment BTC is selling for $7503 so your $25 today could turn into $150 or more very easily, even if you only make a single buy.

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