Lately, a common topic brought up in my investment talks consist with Bitcoin. I have had some of the most random friends call me wanting to learn what Bitcoin is.
Once I learned about it and the block chain technology it operates on I was sold. In reality, I just beat all of my network to the market and told everyone to invest. I went from having a crazy investment to a brilliant one.
One of the main reasons a lot of people I've talked to haven't invested is because they don't know how.
So, here is a quick and easy way to buy Bitcoin.
Go to Coinbase
It should look something like this
Then click Sign Up
It is difficult to sign up because of all the rules and regulations, but it would be the same if you were signing up for a 401K or a brokerage account.
The hardest concept for people to wrap their heads about is that you don't have to buy a whole coin. You can buy small bits of it.
For example if you wanted to only invest $10 and an entire Bitcoin was worth $100, you would be purchasing .10 Bitcoin.
Let me break it down further for you visual people.
- Invest: $10
- Bitcoin Price: $100
- You Get: .01 Bitcoin (BTC) or 10% of a coin
Crazy right?! Welcome to the future of money.