You are viewing a single comment's thread from:

RE: Can't even buy 1 bitcoin for yourself? Way too expensive? Let's look at STEEM too for a second.

in #bitcoin6 years ago

People should be taught to have an investor mindset, it's not something that comes naturally.

And cryptos are rather unique in that you can buy a fraction of them. That's not the case if you want to buy stocks or something...highly prohibitive, cost-wise. So people aren't even aware they can do that, like you say.

And even in the case of cryptos, it's going to be more than $20 if you count transaction costs.

And also people don't know exactly where to deposit their cryptos. If they deposit that money in an exchange, it's quite possible their $20 dollars today are going to be worth $0 in 2-5 years from now! :P

Sort:  

"And cryptos are rather unique in that you can buy a fraction of them. That's not the case if you want to buy stocks or something...highly prohibitive, cost-wise. So people aren't even aware they can do that, like you say."

You can actually buy fragments of stocks these days through motif investing and other brokerage firms.

You own fractions of the shares, and I still receive communications

It is quite possible their $20 dollars today are going to be worth $0 in 2-5 years from now.

...and that could be just by holding it under your mattress too.

As they say, strike while the iron is hot.

Coin Marketplace

STEEM 0.29
TRX 0.11
JST 0.031
BTC 68627.76
ETH 3844.64
USDT 1.00
SBD 3.63