๐Ÿ’ฐ Bitcoin ๐Ÿ’ฐ

Bitcoin

Someone just asked me, how do I participate in the Bitcoin revolution?

  1. Bitcoin mining. This is pretty much similar to mining for gold except this time you are mining on the net to solve for bitcoin. The boat has sailed. It was a great option when it started, but the running costs and electricity cost donโ€™t make it a viable option. Alternatively, you can make a syndicated investment in an online platform that does bitcoin cloud mining. Hashflare is one of the good ones out there. My $550 investment at the beginning of the year is now worth $3,750. They pay out investors shares daily. You can choose to reinvest it or cash it out (a.k.a request withdrawal). I reinvest mine.

  2. You can invest in the stock market. This option is highly speculative and does not make too much sense unless you know what you are doing.

  3. Lastly, you can buy bitcoin and store it in your digital or hardware wallet. You donโ€™t have to purchase 1 BTC to start. You can buy a fraction of it to get involved.

These are the three basic ways to participate in the bitcoin revolution. They are not risk-free so make sure that you do your research, understand the technology, and perform due diligence before investing your money.

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