How & Possibly Why To Start Investing In Cryptocurrency

**Nothing on this page is investment advice. I'm a tow truck driver, not a financial adviser**

Image courtesy of Investopidia.com

First of all let's get one thing straight! It is not too late to get started investing in bitcoin or other crypto currencies. Get that through your head. IT IS NOT TOO LATE!

Cryptocurrency is still in its infancy. It hasn't even reached the toddler age yet. We are getting close to that, but not there yet. Do you realize that bitcoin is projected by some to reach $100,000 per coin by the end of 2021? And in my opinion that isn't the top. At that point it might be into the toddler stage. 

In July of 2010 bitcoin was worth $.05 per coin. Thats 5 cents, not dollars. At the time of this writing it is worth $56,000 and has gone as high as $65,000 in recent weeks. It was only worth $7000 a year ago in April of 2020. It is growing at a phenomenal rate. 

Although there is no way to know for sure how high it will go, I personally believe it is going much higher as cryptocurrency as a whole is being recognized by more and more businesses as a safe alternative to fiat currency. You can now buy a BMW or a Tesla with crypto. Visa and PayPal now offer it as a form of accepted payment. The list is growing everyday. It is as if crypto is finally growing some legs. It will soon be a toddler!

If you are new to investing and have no experience I personally feel that crypto is a safer environment to begin learning. The market is sluggish right now, but overall is still in a very upward trend. It is at a place similar to where it was in September of 2020. At that time it was at about $1100 and took a 20%+ dip in price. It was sluggish after that for about 3 weeks. Then it started creeping up, slowly at first until it was moving like a freight train. It didn't slow down much until it hit $65,000. 

I personally believe, because of the fundamentals of the world market and their accepting of crypto, that we are on the threshold of another major run up like we saw in late 2020 to early 2021. I believe history is just about to repeat itself, and I am getting positions in several currencies including bitcoin in preparation for the next run. 

When will it start? No one knows. No one knows that it will start. It is not a gamble, but a calculated risk. Educate yourself on the market and exchanges before investing. Don't invest more that you can afford to lose. The more you will educate yourself the more you will be comfortable investing. If you invest without educating yourself a little bit about bitcoin and crypto you are simply gambling. You might as well put your money on a roulette table. Who knows, you may win, but that is not how you invest. Educate, deduce, learn, and earn. 

I encourage everyone to start educating themselves by just registering for a free account with Coinbase  and going through their different educational programs on how some of the coins work. They will deposit coins into your coinbase account just for taking these short courses. Who knows what $20 in different crypto coins could lead to in the next few years. Remember, bitcoin was just a nickel a coin in 2010. Imagine if you had $20 in bitcoin back then and held on to them until now!

Join Coinbase today and start learning all you can about crypto. Please use my referral link (coinbase.com/join/vaughn_jrt?src=android-link) as they will give you $10 for using it.

 Don't put this off! Start your journey before the next run up of bitcoin!

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