No, You Don't Have to Buy a Whole Bitcoin (Thoughts and Review as well)
Hello, everyone,
I hope all is well. Here is an article that I ran across Coindesk. It discusses that how people new to crypto have a misconception that they have to bite a whole bitcoin or other altcoins in order to participate in the market. And how its decimals versus it just being counted in USD or other countries respective currencies creates a issues as well. I hope you find this article helpful and interesting as I did.
Thank you for your time and attention.
RocketGold
The article is courtesy of Coindesk:
https://www.coindesk.com/no-dont-buy-whole-bitcoin/
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
This is definitely a common misconception of people entering the crypto market. Many believe that in order to buy any coin they must buy a whole number quantity instead of knowing they can buy a fraction of a coin, say Bitcoin.
This misconception is the reason some alt coins get pumped solely because they are super cheap even if they have no actual basis as to be a reputable coin.
@trinitystarr I agree. Yeah, a lot people buy in volume and how much is worth even though the coin has not proven itself nor seems to be going anywhere. A lot pump and dumps.
Release the Kraken! You got a 9.72% upvote from @seakraken courtesy of @rocketgold!