October 26, 2021

BlogCoinz

Cryptocurrency and Technology

Cryptocurrency: A Micro-Investors Wet Dream

This is kind of a rehash from an article I wrote on the old site I ran but it’s an important topic that I don’t think is discussed often enough. I also think this topic is important because it relates well with the little guys like myself who can’t drop 10k on every good looking venture.

So, let’s say you want to buy some Tesla because who wouldn’t want some Tesla. Well, one share will cost you $222. For me, that’s 1/3 of my take home from a one-week paycheck. In other words, to me, that is a lot of money. Most of us who live paycheck to paycheck find it hard to save and purchase stock at prices like this and its a moving target. Might miss a good run. Might cost you, even more, a few weeks later when you could buy a share.

Now, there are some services that let you buy fractions of a stock but there are not too many options for that. Most stock brokers or firms can only buy one share at minimum of a stock. Typically you want more than one share also so that drives the amount you need to save to invest up. When you look at it like this it starts to make sense why people living at their means or struggle week to week could have issues investing.

Bitcoin is right around 12k. Some of you have 12k to throw into the market. Some of you have $1. Crypto can be broken down into fractions of a coin making it easy for anyone to invest into Bitcoin. CashApp minimum purchase amount is, in fact, one whole dollar. Now, you won’t go far with only $1 but if you did that every week that is $52 plus whatever gains Bitcoin makes assuming it makes gains. On the flip side if Bitcoin goes to zero you lose $52. Crypto makes risk management easy in this sense also as you can put in exactly what you feel you can afford to lose and never ever invest in anything with more than you can afford to lose.

Bitcoin, for me, has become a kind of savings account. I buy anywhere from $10-$25 on weeks I can (not every week but most) and it’s a great way for me to store value as I am less apt to try and spend it. This doesn’t mean I think you should only store crypto as I have spent some in the past and used it to promote or pay for services but for the most part I hodl. If you find a project you believe strongly in after doing your own research then buy. Buy and store for as long as you can because right now we are so early it doesn’t take much to make a real difference in your savings.

At the end of the day you need to do your own research and figure out what investments work best for you. I believe Bitcoin and crypto in general is a great way to micro-invest in order to have real capitol!