Greetings, my name is Jeff.
I'm writing this from Manila, Philippines.
I joined Steemit in September to lurk and read some blogs and learn from the experts out there.
I personally posted about Bitcoin on my Facebook Profile in March 7 2013 but didn't invest.
For 5 years, I was searching for answers just like you.
My biggest mistake was probably not reading the whitepaper.
You can read it here
I wish I did.
I would have been more convinced a lot earlier.
Hindsight is a bitch.
Anyways fast forward to June 2017 to my very first purchase of just $50 on Coinbase.
I decided I wanted to put at least very small amounts until I was comfortable.
To my surprise Bitcoin kept going despite all the negative news in the media.
It's 20/12/2017 the very small amounts I been putting aside is up 411.16% in total.
It's totally changed my life!
I'm not saying that is guaranteed or even that Bitcoin is an investment worth getting into but it's the books that I read like The Internet of Money by Andreas M. Antonopoulos , The Book Of Satoshi by Phil Champagne and Mastering Bitcoin: Unlocking Digital Cryptocurrencies , I discovered it was indeed the future of money.
The value of Bitcoin comes from the network.
The larger this network becomes, the more valuable it becomes.
I believe we are just at the start of the tipping point to this technology.
If you look at that chart above if you were to buy Bitcoin today, you would still be an early adopter.
So where did I get the idea of investing $50 a week into Bitcoin?
One of the principles from a great book "The Richest Man In Babylon" was 10% of your income was "Make thy gold multiply."
So I tried it.
Over the last 6 months, I've invested $50 a week, which is in total $4800. I will continue to do so until I earn more.
I'm not promising that you will make 400% in cryptocurrencies but using this principle, the money you invest today will multiplied compared to leaving it your savings account.
Let me tell you why.
By nature, fiat currency is inflationary but Bitcoin is a currency that is limited to 21 Million. It is a by designed to be a deflationary currency.
So how do you get started?
I'm glad you asked.
▶ GET STARTED WITH BITCOIN. 🚀
In order to be able to buy, sell and trade crypto, you will need to open an account. You will need to get verified before doing anything else.
🛂This includes uploading government identification. Verification approval can take up to 2 days.
Buying and selling can be done at a few different places. Below are the most popular.
🔔COINSPOT
▶ Coinspot has a huge range of alternate coins. 38 in total. It's fees are 5%. Selling and buying available in Australia.
You can click here to get started.
🔔Coinbase
▶ "Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency."
You can click here to get started.
I will be posting here over here weekly, so stay tuned on strategies I have learnt over the 6 months.