This video is about me exploring cryptocurrency through putting some money into #Bitcoin through #Luno
It took me awhile to warm up to buying #cryptocurrency due to not understanding how to value it but I do like the idea of blockchain transparency and accessibility and decentralisation of currency.
I figured the best way is to follow a Portfolio Allocation strategy of allowing a maximum 1-2% of my investments for Bitcoin. Given this it wouldn’t move the needle much in wealth gains or losses. It works out well for me as I can keep my FOMO at bay.
// đź’Ž Sign up for LUNO using my referral link!
input promo code: LNSUYIN50
– Only valid for new users and purchases made from Instant Buy/ Sell platform (2% fee, after this buy through the Exchange platform)
– Buy RM500 crypto and get additional RM50 BTC* (Bitcoin only, my mistake)
– Validity: 5 October 2020- 5 January 2021 (3 months)
Contact: [email protected]
I receive a small kickback and you will receive RM50 in BTC //
I chose Luno as I liked the idea of using a custodial wallet that is reputable and operates across a number of different countries. And also because I am terrified of losing the keys to an external wallet and forever losing access to the cryptocurrency haha. Overall, it’s been a good and straight forward experience investing (actually.. speculating) into bitcoin using Luno so far.
Resources:
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond https://amzn.to/32SiJoq (recommended by my friend John from FIRL)
https://markets.businessinsider.com/currencies/btc-usd
https://www.investopedia.com/terms/b/blockchain.asp
https://www.luno.com/en/countries/MY (fee details)
https://www.luno.com/en/legal/rewards-and-promotions
Credit:
Music from https://freetouse.com
Track: Ikson – Paradise
Track: Ikson – Blue Sky
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\Disclaimer: I am by no means a professional advisor on finances. I am not a certified financial planner, I am a regular person who wants to give back by sharing my personal knowledge. I mainly share what has and is working for me. This is for your viewing /entertainment pleasure and I hope it assists you on your empowerment journeys too 🙂
