Can't even buy 1 bitcoin for yourself? Way too expensive? Let's look at STEEM too for a second.
Some people say "I wish I would have bought Bitcoin when it was cheap".... $20 today buys you.. WHAT??
What do you notice is going on with this image?
That's right, both Bitcoin and STEEM price are going up and show bright futures.
Cryptocurrency is a marathon race. It's not how fast you get there.. it is how long you keep running in the race that matters.
As time goes on:
- Your experience with tracking your investments gets better
- You get smarter at picking which coins to invest in
- As you get older and wiser you gain confidence in what you're doing.
- You have more opportunities to learn
- You get to watch both STEEM and BITCOIN evolve
Can't even buy 1 bitcoin for yourself? Way too expensive?
I bumped into a stranger in public recently that overheard a Bitcoin conversation...
- You will enjoy how this short conversation went, here it is:
| . | . |
|---|---|
| Stranger: | "I've been hearing about Bitcoin a lot. How much does it cost to buy one?" |
| ME: | "No one buys a full one... It's too expensive. It's like $17,000" |
| Stranger: | "ohhh" (big frown on his face) |
| ME: | "People buy fragments of one" |
| Stranger: | "How much does a fragment cost?" |
I answered: "For as little as $20 you can own a piece of Bitcoin"
...
A smile from ear to ear spread across his face... and then this stranger happily said:
"THANKS! I didn't know that!!!!"...
Could it be that the mainstream media is constantly talking about the $17,000 investment so it silently gets people to steer away from cryptocurrency thinking it's only for huge investors?
Answer: YES
What do you think? Do you own even $20 worth of Bitcoin?
What about other coins? Keep in mind, $20 today could be worth $2,000 in 2-5 years from now. What else can you do with $20 these days?
I wish that prices of Crypto would stay low for the next year, soo the intelliguys like you and me could buy more cheap coins.
So much that the media says about crypto is FUD.
For what it’s worth, I will hodl the BTC that I own, but my new buying is going to be in Steem and BTS for now, and possibly EOS.
I think that there’s a better than 50/50 chance that crypto will go mainstream in 2018 and that prices in the crypto space are going to go nuts.
People will lose a lot of money on pump and dump ICO’s, but quality cryptos have a very bright future.
There is definitely some higher agenda with what is being talk about in regard to Bitcoin and all cryptos in the news.
CNBC has been all over it the last 7 days, going so far as to bring in guest "specialists" to discuss it. It's hilarious to say the least. The talk out their ass with each "specialist" classifying Bitcoin as a different and conflicting object, it's a commodity, an investment, a currency, a farce, etc. many of them have direct ties to specific centralized banking institutions so they simply align themselves with their views.
Never once do you hear them tell people what you just did, you can buy a "piece" of a Bitcoin (or others) for as little at $20 if you want.
Rarely do you hear them explain it further as the initial experiment in blockchain technology, something that is fast becoming the next evolutionary step in information and finance distribution.
I loved how you talked about the "specialists".... It becomes comedy hour listening to them.
Yes, people think you need to buy a "whole" coin, but I've been trying to tell people that they can buy parts of it and its totally normal. hopefully, as people get more educated into the crypto world that they start thinking of parts of Bitcoin as a normal denomination.
There is a lot of misinformation about bitcoin floating around mainstream media about bitcoins and cryptocurrency in general.
I heard one presenter on news say that she wished that she had money to buy bitcoins, and then I realized that she did not know that she could buy fragments of it at all.
I own minus six figures of a bitcoin, mainly have only used it to exchange SBD and then try to make it fiat, well USD. So it does feel right now that I should've waited but.... yeah, nothing I should've waited needed the money and hoped to put it my country easily, was not easy.
A good rule of thumb is to spend 90% if you really need it. But try to always keep 10% savings, even if it is only a few pennies.
Great post @intelliguy ! Im just enjoying riding the wave of steem and powering up what I can and only selling what I need to pay bills for now on bittrex , after I Sell my steem dollars for Steem which I earn while Steeming of course !! LOL! Everything to do with crypto is all new to me but I have definitely learned quite a bit since joining Steemit 18 months ago ! And im much better now at selling my steem on bittrex then sending it to Quad ! Its for sure quite the learning process and every day I learn something new ! Keep up the great work !💕✌👍💲💲💲💲
People should be taught to have an investor mindset, it's not something that comes naturally.
And cryptos are rather unique in that you can buy a fraction of them. That's not the case if you want to buy stocks or something...highly prohibitive, cost-wise. So people aren't even aware they can do that, like you say.
And even in the case of cryptos, it's going to be more than $20 if you count transaction costs.
And also people don't know exactly where to deposit their cryptos. If they deposit that money in an exchange, it's quite possible their $20 dollars today are going to be worth $0 in 2-5 years from now! :P
"And cryptos are rather unique in that you can buy a fraction of them. That's not the case if you want to buy stocks or something...highly prohibitive, cost-wise. So people aren't even aware they can do that, like you say."
You can actually buy fragments of stocks these days through motif investing and other brokerage firms.
Do you really own them tho?
You own fractions of the shares, and I still receive communications
...and that could be just by holding it under your mattress too.
As they say, strike while the iron is hot.
Just off faucets, you can easily amass a few dollars a month. This is piffling here in the US and the rest of the developed world- but I'd assume about 3 billion people could benefit from this. I'm very concerned about BTC's mining costs, but there are so many other efficient alternatives, the entire world could shift to a resource-based system piggy-backed on such an economic transition.
The entry barrier for some coins is negligible too. As a monetary standard, BTC is an excellent prospect, even with the mining and operational costs- eliminate mining cost by eliminating mining past 95% of the supply (this is like accelerating to .95c, when your this close, the return on effort is probably not worth it to get to .9999999...) and tweaking the code to lower operational costs would make a huge difference here.
That has already been done by Peercoin. (Which is a bitcoin forked clone without needing mining to support the network)
one of the biggest opportunities since the invention of the internet itself.... great times to be around....