You wake up one morning and decide to take a shot at bitcoin, why not? You ask yourself. You invest your first 300$ into bitcoin and then it starts to plummet, you start to panic and rush to the sell button.. until it starts going up again!
You take a sigh in relief that your bank account hasn’t gone into complete ruins.. you’re still in a loss, you tell yourself.
let’s discuss how not to reach that point^^
First, you’ll need to get a trusted crypto wallet, there are plenty online such as coin base, blockchain and more.
and then you’ll need to purchase bitcoin, I personally use paxful as they let me purchase bitcoin, ethereum and more, from PayPal, giftcards, or even target store giftcards, I personally use visa to buy bitcoin from their sellers.
once you’ve purchased bitcoin from the LOWEST offers on paxful, you’re on your way to profiting! Always purchase bitcoin when it’s at a steep downfall so then you can Rest In Peace knowing it’ll go up after a while. Bitcoin takes time, you’ve got to HODL bitcoin and not let it go the second you profit, it’s not how it works.
you could also choose to mine, in which case check my other blog post in dogecoin mining which should give you a slight overview on how mining works. You could also use mining rigs and other types of computer cards to mine, make sure they’re strong and actually give you a good profit margin. (6-12 months is good, anything past 1 year is a no-no!)
thats it for today’s blog! I’ll be sure to continue this in a post tommorow and I promise I’ll be more enthusiastic!
Enjoy! :)
