Bitcoin For One Dollar

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I can buy Bitcoin for as little as $1.  Yes, that is what the mobile paying service Venmo tells me. In fact, it says I can buy Bitcoin as well as Ethereum, Litecoin, or Bitcoin Cash and other cryptocurrencies  for as little as a dollar. 

Sure, I can afford a dollar, but honestly I would be better off if I buy a candy bar with it.  Because I have no ideas on what cryptocurrency even means.  It is a foreign concept to me and therefore no value. I would not know what I am buying, even for a dollar.

The psychology at play here is the FOMO (fear of missing out) – what if the cryptocurrency multiplies its worth X folds in the future?  For that I can just as easily see the opposite happening – when the cryptocurrency’s worth goes down.    So I will stick with the candy bar, instead.

Are you an owner of cryptocurrency?  Why or why not?

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