Buying Bitcoin
August 14, 2017
Bitcoin is a new currency that was created in 2009. Yes, it's real... even if it does only exist on the interwebs. Real enough, that people who were the first to adopt Bitcoin as a cryptocurrency have now made millions of dollars. Bitcoin has intentional inflation with a finite amount available. This means that as long as it exists as a thing (looking good, but no guarantees), the value (in theory) should only increase. And that is just what has happened. Example: in July of 2010 one Bitcoin was around $0.08. Say you decided to invest $1,000 in Bitcoin. That's a fairly small, reasonable investment, right? Today that $1,000 is now worth over $41 MILLION. And we won't even get into the many people who mined Bitcoins and got them for free!Seeing dollar signs... err Bitcoin signs yet?I recently wrote a post giving some background and framework to what Bitcoin and Blockchain technology actually is. After people understood it (kind of), I overwhelmingly got this question- "So how do you actually buy Bitcoin?" Well, ladies and gentlemen, I am about to tell you just that. But first, let me warn you- THIS IS NOT FINANCIAL ADVICE! I am not a financial advisor. In fact, I'm not even that great at math. Dabbling in cryptocurrencies, like Bitcoin, is exciting, new terrain that is also highly, highly volatile. In fact, the only constant is that it is never constant. So proceed at your own risk, and welcome to the world of Bitcoin.