bitcoin for a long time and i've done a lot of things to get my hand on some bitcoin but in today's video i'm going to teach you how to buy bitcoin in 2021 this is going to be the easiest way to do it i'll also give you guys some insights and thoughts about buying bitcoin right now so bitcoin right now,
today is worth 32 000 and you're probably wondering how do i buy bitcoin should i be investing in it right now i've been invested in bitcoin since 2017 and i've been buying and selling a little bit here and there ever since but i'm a long-term bitcoin holder and i'm not planning to sell my bitcoin anytime soon right now if i wanted to i could spend one bitcoin and buy myself a mod a tesla model three that's insane want to trade off with that what kind of trade-off would that be so before we jump deeper into the video don't forget to smash the like button and links are going to be in the description for everything in today's video for your convenience all right so the easiest way without a doubt to buy bitcoin in 2021 is just going to be buying it through
Coinbase
So this is what coinbase looks like on the app store or the place the google play store on android i've been buying through coinbase ever since 2017 and before that i was doing crazy stuff like mining for it meeting people up in person paying cash for bitcoin.
I was doing a lot of crazy stuff but luckily the times has uh the technology has caught up now and it's going to be easy for anybody to buy bitcoin so buying bitcoin on coinbase is going to give you a bunch of advantages and let me go through some of them real quick so if you guys use the link in the description you guys can get 10 free bitcoin if you purchase 100 of bitcoin and on top of that if you want to own it not just trade it and sell it if you want to own the bitcoin you have to buy it on coinbase and after you purchase your bitcoin you can transfer it into a cold storage wallet just like this links are gonna be into the in the description if you guys want something like this in the world of bitcoin and cryptocurrency.
There's a lot of scams there's a lot of hackers always trying to break into these types of uh bitcoin and cryptocurrency exchange exchanges um some examples are mount gox this uh this was a bitcoin exchange that got hacked into um a while ago before i was even invested and they lost billions of dollars now worth of bitcoins uh during this time so just to recap buying bitcoin on coinbase has the advantages of you get to keep your own bitcoins you can transfer it into your personal hardware wallet and you can keep it for yourself it's all yours if you don't have the bitcoin in your own um in your own hard wallet then it does not belong to you so that's why i recommend um buying it on coinbase rather than buying it on the cash app on robinhood on paypal yes those are also great ways to just buy and sell your cryptocurrency.
If you just want to trade for fun just to test it out see for yourself what it's all about i think that's a great way to do it but if you're buying it on those brokerages you're not going to be able to transfer the those bitcoins into your wallet if for one day you just you know you say you don't want to trade anymore you just want to buy and hold it so that is the main advantage of buying it on coinbase so another question.
That i get a lot is what about all the other altcoins so taking a look here on um coinbase here bitcoin is the only thing that i'm invested in right now i don't have any other altcoins and the only other thing that i would probably invest in is ethereum outside of those two everything else is uh most likely i'm not everything else i would not recommend so bitcoin today is worth thirty two thousand dollars on the day it's up ten percent so when this happens i i wanna figure out why everyone else is buying bitcoin or what is going on in general and you know it's a lot different than it was back in the day in 2017 and um for anybody that doesn't know bitcoin is you know in layman's term is digital gold the purpose of bitcoin is to allow two people to perform a transaction and what that means is there's no third party there's no government that can control
What is happening between those two people another advantage of bitcoin is that it is not tied to any physical asset like gold is not tied to gold is not tied to physical paper it's a digital currency so some other facts about bitcoin right now is that the circulating supply is set at a limit so the max applied is only going to be 21 uh 21 million currently there's only 18.5 billion and you know a large percentage of this because it's digital based is already lost you know bitcoin is old it's like over 10 years old.
I believe so bitcoin was created in 2009 and back then you can probably get one bitcoin for a few pennies so a lot of people didn't really um you know take care of it and they just lost it on old hard drives old computers so you know a lot of people are really regretting that now because uh they lost hundreds of thousands of dollars probably but there is a very short supply of it it's not like a us dollar where you know the government can just continue pumping money into circulation and create a lot of inflation so because it's scarce that gives it some more extra value points there so i think that's one reason why bitcoin is you know seeing a gigantic run up right now to 32 000 for one bitcoin another reason why i think bitcoin is seeing a big run up right now is because wall street has finally accepted cryptocurrency and digital assets in 2020 uh wall street firms they pumped in roughly six billion dollars into uh cryptocurrency and digital assets back in the day in 2017.
People that invested in cryptocurrency and bitcoin they were laughed at by wall street so now the tables has finally turned and anybody that's been holding back holding onto their bag since that time you know they're you know they're laughing like me they're they're finally able to see a profit on their investment and last and the last reason why is because we got paypal investing in cryptocurrency square investing in cryptocurrency jpmorgan and uh fidelity all of these uh brokerages now they're accepting they're either accepting bitcoin or allowing people to trade cryptocurrencies on their brokerage so now i think there's a lot more mass appeal when it comes to uh cryptocurrency and bitcoin and i think and i believe the one driving force that will continue to keep pushing bitcoin price up is
I these industries and these um institutions continue to invest massive massive amount of money into uh bitcoin that's probably the only reason why uh bitcoin could even see over a hundred thousand by the end of the year if they just keep investing and buying up more cryptocurrency because because as a retail investor i'm not going to have millions billions of dollars to invest like i'm just a you know i'm just a guy on youtube i probably can buy like a thousand dollars worth every now and then i'm not going to have millions of dollars to put into it but if these institutions do that you know,
Bitcoin could just continue to skyrocket
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