With the price of Bitcoin soaring as of late ($16,740.00 at the time of this article), many feel that it is too late to buy Bitcoin. I think some of this thinking is fueled by (1) Not understanding how cryptocurrency works and (2) the many voices on social media (i.e. YouTube and Facebook) who spread bad information (misinformation) about Bitcoin. So, are they right, is it too late to buy Bitcoin?
Absolutely not; and, do not let anyone tell you otherwise. And, I do not care what price Bitcoin achieves.
How To Own a Whole Bitcoin?
Set aside out of your monthly budget an amount that you can afford to invest in Bitcoin. It could be $200, $500, $1000, $1500, $2500, or more. That depends on you. Let’s use $1000 in this example.
Let’s say that over a six month period Bitcoin trades between $16,740.00 and $17,740.00. If you invest, for example, $1000 each month and take an average of all of your Bitcoin purchases and it turns out to be, for example, $17, 240.00 and if the price of Bitcoin increases by $1000 or more in one day to $18,740.00, you would make a 13% profit!
Bitcoin has seen gains of over 1,080% in 2017! I believe it will see much higher gains in 2018!
So, what are you waiting for?
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