I bought $250 in bitcoin. Here's what I learned
4 stars based on
So you are now free to dump all of your crypto-currencies because this surely marks an all-time top. I understand the benefits of these things — the blockchain acting as verification that the counterparty has made payment instantly, etc. The process was fairly simple. First you create an account and connect it to your phone and email.
They text you a code to verify and send you an email to confirm. Then you connect a bank account, which only takes a second. You log back my first experience buying a bitcoin and report what those tiny deposits were so it can verify the connection to your bank.
I bought some BTC, although ethereum and litecoin were also on the menu. Especially if they become more institutionalized and embedded into enterprise scale transactions — which is what the banking industry seems to be leaning toward from what I read and hear. I like the idea of scarcity and owning something that is finite by design.
And yes, I am aware of the possible split in the communityI have no opinion about it and nothing worthwhile to add. The resolution of this scaling problem may turn out to be a powerful upside catalyst just as easily as it could lead to a panic. On the Silk Road two thousand years ago, you needed gold to settle transactions. Because from Korea to the Asian Steppe to the Mediterranean, there had to be one thing whose value was never questioned.
Gold facilitated trade and liquidity from one end of the known world to the other. Once computers arrived, we had instant access to values and prices of goods around the world.
No one realized it at the time, but gold as a currency had been permanently disrupted by the microchip and the operating system. It should come as no surprise when I tell you that this moment also was the inflation-adjusted high for gold, still unsurpassed almost 40 years later. Friends and colleagues on forbes. And yet, at the very moment prices were soaring, news about the number […]. I was the ultimate noob, but too curious to stay out.
I bought it right as it was about to break a […]. I help people invest and manage portfolios for them. Great news, we've signed you up. Sorry, we weren't able to sign you up. Please check your details, and try my first experience buying a bitcoin. Every month you'll receive book suggestions--chosen by hand from more than 1, books. You'll also receive an extensive curriculum books, articles, papers, videos in PDF form right away. Now go talk about it. Discussions found on the web.
July 27, Tennis with Howard Marks. Get a Full Investor Curriculum: Join My first experience buying a bitcoin Book List Every month you'll receive book suggestions--chosen by hand from more than my first experience buying a bitcoin, books.