If you’re new to the world of cryptocurrency, such as Bitcoin, you’ll definitely benefit from learning more about it. Some call Bitcoin the future of finance. Others think it’ll be successful as a vanity asset, much like Berkshire Hathaway-A stock (trading as of writing at $250,000 each). Others, despite such great success over time, think Bitcoin is a “fad”. Either way, at least for the next few years, Bitcoin is here to stay. Click here to find out how you can download the comprehensive guide at the bottom of this page.
Sweatcoin is a type of digital currency. And while it’s not exactly a cryptocurrency, it shares many facets of crypto coins like Bitcoin. Instead of using your computer, you use your steps to generate coins. And then, after you ‘mined’ enough Sweatcoin, you trade them in for offers. In the future you might even be able to sell Sweatcoin for money on an exchange.
It’s worth investing in Bitcoin, in addition to Sweatcoin, if you have the funds to do so. I’ve written an extensive guide on the topic that you can download to get started right away. Click here to access the guide!
You buy Bitcoin on an online exchange. I prefer Coinmama due to their fast support, their acceptance of most credit cards and bank accounts, and most of all their ability to make automated purchases. (If you use that link to sign-up, you’ll receive $10 Free Bitcoin after you purchase $100 or more. That’s 10% off!)
Before you say, “But Bitcoin is already too expensive,” just be reminded that you can buy fractions of a coin. You don’t have to buy a whole one. I tell my friends and family that they should invest small at first. A simple price of a fast food meal somewhere afford getting involved in this fascinating world of digital currencies. Also, starting small is a great way to acquaint yourself with the world of cryptocurrency, and it’ll make it easier to invest more in the future.
Most people will never afford an entire coin, and that’s okay. In the future you might see fractions of a Bitcoin referenced (such as millibit) because the price of one whole coin becomes too astronomically high to use in everyday conversations. Therefore, think small. Think in tenths, or hundredths. Make it your aim to buy one-hundredth of a coin every week or every month, whatever you can afford.
Remember, the most successful investors are not the ones who make one big purchase; they’re the ones who make hundreds or thousands of microscopic purchases over time. These micro investments add up quickly.
A friend of mine would buy a small fraction of a Bitcoin automatically through CoinBase. He forgot about it for awhile and came back to see the return on his total investment doubled. Without even thinking about it! That inspired him to pump in twice as much into it. (Later, it went to 8x what he was initially investing because he could then afford it.)
Summary: Start small, but start now! Even if you only bought 0.01 coin, you can officially say you’re finally apart of the financial movement that’s sweeping the globe.