Yes Your Pocket Change Really Can Buy Small Fractions Of Individual Bitcoins (And Other Cryptos), And It Is Crazy Simple To Get Started And Pretty Hard To Stop
You have probably heard people around your office and within your social circles talk about Bitcoin and how they wish they had gotten in before it became too expensive. Unknown to many newcomers entering the crypto markets; you can buy pieces of a Bitcoin, Ethereum, Monero, Ripple, Litecoin, and so on. In other words, you can afford Bitcoin. So before you and your friends miss the next big moon pump, learn how to get started on your lunar fortune the easy and low-risk way.
To begin your journey, you will need to sign up on a reputable exchange. The more popular ones you will find are Binance, Coinbase, and the new Robinhood. With about 10 minutes or less to register, you can get into their sites and get on your way to making your first purchase. Â In some cases, you may need to provide some additional verification, particularly if you are going to make a large purchase, but should otherwise be able to get started with an initial purchase quite easily.
Once youâve started your first little cryptovestment, you should step back and take in that youâve just done something very cool and exciting. Yes thatâs right, youâre now part of a club you didnât know you signed up for, but its actually pretty exciting. Just remember the two golden rules. 1. Never invest more than youâre willing to lose. 2. HODL (hold on for dear life, or hold on for da Lambo). Donât even think about your investment you just made. Donât listen to the media and all you hear about crashes, and crackdowns. If youâre going to do this like the rest of the veterans, pop down your polo collar and put your head deep, deep in the sand until itâs time for crypto liftoff. The die-hard investors do not cave to big dips, bad press, or any kind of controversy. Will you be the one who trembles?
Now that youâve dipped your toe into the water and have sand in your ears, what is next for your crypto portfolio? Maybe you want to diversify into a few other cryptos? Buy a few pieces of Litecoin or Ethereum or more Bitcoin? Some exchanges like Coinbase let you set up recurring payments into your designated crypto wallets so you can schedule small deposits in hopes that, if and when crypto values skyrocket exponentially, they will see significant returns on their small investments. Or, for some, itâs just about the technology and owning something they believe in and see potential value.
Whatever it is that intrigues you about getting into cryptocurrency, donât let price keep you from entering the market. You can buy small bits at a time and let it add up into something. You can also liquidate it back into fiat at any time if your hands grow weak from the stress of the ride.Â Whatever you decide to do, just stick to the golden rules and you have nothing to worry about anyway.
Marcus Henry is an American Journalist with over 10 years working in tech. He has been actively involved in the crypto community for the past two years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections and conducts interviews with industry professionals and community members.
Follow Marcus Henry on Twitter- @MarcusHenryHODL
Some links in this article are referral links. I am not paid for the content youâre seeing. If you like it and want to see more, your donations are graciously accepted:
Image Source: Pixabay