The bitcoin baby steps

These 7 Baby Steps will show you how to buy bitcoin, build wealth and take control of your money for good. We recommend having a household budget and emergency fund before embarking on the bitcoin baby steps.BABY STEP 1: Buy a small amount of bitcoin ($100 or so).Buying bitcoin is easy. Tons of apps are available. After you buy, just leave your bitcoin on the app. You will use this same app later if you wish to sell. Great 👍🏼 now you’ve got your first bit of bitcoin!BABY STEP 2: Buy more bitcoin.Now that you’re comfortable buying, it’s time to start stacking sats. Sats are fractions of bitcoins. You want to stack as many as possible. But only stack what you’re comfortable not touching for 5+ years. Bitcoin is a long term investment.BABY STEP 3: Purchase a hardware wallet. Once you have $1,000 or more in bitcoin. It's time to get serious about your bitcoin security by taking your coins off the app. Purchase a hardware wallet. These devices store bitcoin offline (cold storage) so they are safe from hackersBABY STEP 4: Take control of your sats (bitcoin).Up until now you’ve only had an iou, time to get your bitcoins off the app and send to your hardware wallet. Send a small transaction ($10) in order to get comfortable making transactions. Then send the rest of your sats.BABY STEP 5: Learn more about bitcoin.As you wait for the price to rise, learn a little more about bitcoin. There are so many high quality podcasts, books, articles etc... This isn’t like school. Bitcoin content sparks your imagination and makes you excited.BABY STEP 6: Multisig service.Bitcoin can rise pretty fast. You may find yourself in a position where suddenly your $1,000 is now 100k. Multisig provides an extra level of security by splitting access to your bitcoin amongst multiple hardware wallets. We like @CasaHODL.BABY STEP 7: Run a full node.Full node sounds scary and confusing. But a full node is just a copy of the bitcoin blockchain that you will use to receive and send transactions. You can do this by downloading the blockchain on your laptop, or you can buy a node pre-synced.These baby steps are meant as a starting point and a touchstone. You’ll do steps 1 and 2 at the same time. Steps 3 and 4 at the same time and steps 5, 6 and 7 all at the same time. Congratulations! 🎉You’re now in a position to get rich as bitcoin continues to dominate. via /r/Bitcoin http://bit.ly/2svH44J