Good morning everyone, going to make it a habit to write Monday through Friday for everyone. Congrats to all on yesterdays all time high again on bitcoin reaching 24,300$. Today we are currently at 22,250$ after a blow off top correction. I’m enjoying the feedback and the engagement with everyone following the newsletter. Please continue to share and maybe ill be able to educate the next person.
Todays episode is going to be on how to buy bitcoin. Unlike gold and silver where you can go to physical locations throughout the world to make purchases, bitcoin uses online “exchanges”. There are numerous exchanges throughout the crypto space. One of the largest but also one that is pain to me is Coinbase. Coinbase is a staple in the crypto world, they offer a handful of crypto while being extremely safe to keep your bitcoin on. A key benefit to Coin base is that you can send your bitcoin off the exchange to another. That leads me to PayPal, with PayPal you can buy bitcoin to have exposure but cannot send it off their exchange. Though PayPal is a great platform to get people started on because of the name PayPal alone is so well known, i prefer Cash App.
Cash app is owned by square, seems to be the best option for rookie bit coiners. They have one option for what cryptos to buy and its Bitcoin. The fees are also very low. With cash app you can also move your crypto off the exchange.
((USE MY CODE can copy and paste)) https://cash.app/app/JFQJMXG
Step 1.) Download cash app. They will ask you numerous questions you need to confirm including name, license etc.
step 2.) enable bitcoin purchases, on the bottom of cash app has 5 categories, go to the squiggly line on the far right and slide the tab from stocks to bitcoin. There you can see the options to buy sell and the arrow lets you receive or send bitcoin from one person to another.
step 3.) create a plan for yourself to invest. Do not go overboard only invest what you can budget. The market is extremely volatile always keep in mind.
step 4.) sit back and enjoy the ride. Do not get scared on days it drops heavy, with time it always will bounce back.
Last thing i want to add is the internet almost broke yesterday when MicroStrategy CEO / Owner Michael Saylor suggested to $Tesla’s Elon Musk this “If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.”
Elon responded with “Are such large transactions even possible? “ Saylor replied “Yes. I have purchased over $1.3 billion in #BTCin past months & would be happy to share my playbook with you offline - from one rocket scientist to another.
Thank you and have a great day.
