Holiday Bitcoin – Buying $100 for Charity

Holiday Bitcoin – Buying $100 for Charity

Holiday Bitcoin – Buying $100 for Charity

So, yeah. Bitcoin. When I woke up this morning one bitcoin was worth $16,000. Two hours later it is worth about $15,500. In January it was worth about $1000. In case you are not familiar with financial trends, this is volatile. Below we have linked to sites if you want learn more about what Bitcoin is and the current situation.

But that’s all talk. So instead of reading about it, I’m going to buy some bitcoin, $100 worth, and see what happens. Then no matter what happens we are going to donate total amount to a local charity. Even if we loose $98, we will donate the remaining $2 to a local organization. If we make $100, then we will donate $200. Along the way, we are going to document the process and see what all this is like. Let’s just hop into it.

I did a quick search on places to purchase Bitcoin. The front runner at least in popularity in the bitcoin purchase department is https://www.coinbase.com. Setting up an account was surprisingly (and seemingly) secure and easy. They asked for a debit card for purchase and then asked for photo ID for verification. At first, the ID portion scared me a bit, but after further thought I thought it was a nice security touch. I would suggest to NOT use a government issued ID. They are currently verifying my ID. So now…

bitboin

Well… I guess this is a great place to stop. Cause I have to wait. Dang security 🙂

Will update you when my account was verified and I purchase the $100 worth of bitcoin. Until then keep your eye on the fluctuation of price. Speaking of which, I just checked the price. Down to $14,800. Crazy.

Learn more:

  • https://www.youtube.com/watch?v=Um63OQz3bjo
  • https://www.forbes.com/sites/petercohan/2017/12/08/why-bitcoin-is-worth-0-20000-200000-or-%E2%88%9E/#d085b2a14c81
  • https://www.nytimes.com/2017/12/07/technology/bitcoin-price-rise.html
  • https://www.youtube.com/watch?v=Q5hfr5poLl0
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