From the point of view of someone else on a fixed budget, bitcoin is still risky and volatile if you’re only in it for profit. But if you’re like me and you see the value of a dollar eroding in front of your eyes, in real time, the risk of buying bitcoin is far less.
I know a lot of people focus on the short term and see that Bitcoin has gone down considerably in the past month or so, but if you back out and take in the whole picture, you realize that Bitcoin is still on an upward turn.
Trying to buy bitcoin every month has proven to be a futile endeavor since I never have enough cash to get through the month and end up selling my Bitcoin. So, I am now approaching it from a different angle, mining.
I spent what little extra cash I have on a miner, nothing special, only about 1.5Th/s, but if I buy one every month, it will start to add up. And thanks to the efficiency of the bitaxe, my electric bill will hardly see a change at all, it would be like leaving a couple lights on all the time and that is well worth the extra cost if the end result means I am slowly stacking sats. This may be something your mom and grandma could look into as well.
