Quite a few people I know are taking a break from the news lately. I’m a fan of “to each their own” as long as it doesn’t hurt anyone else. If something isn’t working for you, it’s usually a good idea to take a break from it.
If you haven’t been following the news, it’s possible you missed the run-up in Bitcoin. At the start of this month, it was around $70,000 per coin, but it shot up to $90,000 soon after the election. That’s where it is while I write this. That’s a nice gain of around 30%.
I started investing in Bitcoin in 2021 when it had reached a peak of around $60,000. That was almost a decade after I asked if Bitcoins were the future of money or the end of the world in 2011. Maybe I’ll be proven to be correct on both of those predictions. That said, people aren’t typically using Bitcoin to make money transactions like we all thought may happen then. In any case, it would have been nice if I had bought it then.
I bought in at $60,000, and it promptly dropped to $30,000, so I decided to dollar cost average bitcoin. It even went down to around $16,000, where I continued to buy more. I usually only bought at $50, but when it hit that low, I invested $250 in that range a few times. My average coin price is around $27,000 now.
That long story illustrates that it’s better to be invested than to sit on the sidelines – even if the price is at its peak.
I appreciate your patience, so here’s how to get your $50 in Bitcoin. Coinbase is offering new customers a $50 Bitcoin Bonus if they sign up by 11/22. The promo code should already be applied, but if you don’t see it, you can use GET50. It may take a day or two for the Bitcoin to arrive, according to the fine print.
Coinbase is a $76 billion dollar company and a trustworthy place to buy Bitcoin or any crypto currency. That’s where I bought mine. They’ve never offered a bonus this big. I think they are excited by their company stock going up so much in the last month, because I’m not sure how they are going to make their $50 in Bitcoin back. Their trading fees are quite small.
In any case, if you don’t have a Bitcoin account, this is the time to do it. They usually offer only $5 if you sign up for a new account. If you use this link or the signup link above, I’ll also make a small amount. To be honest, I don’t know how much because I signed up to be a Coinbase “partner” in 2021, but I haven’t written Bitcoin in a few years.
