You can purchase $20 of Bitcoin right now, but if you don’t have $20 to spare, that’s not going to do you much good.
Small scale transactions like the one above shouldn’t be a problem for anybody. But, if you’re living paycheck to paycheck or if money is inordinately tight, you might struggle to save up enough to build momentum.
There are several ways to handle this. For example, you could pick up a second job or a side gig to make some extra money. You could move to a cheaper location or cut expenses that are no longer relevant to you.
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This becomes a problem when you’re spending for a life you can’t afford. It puts pressure on your budget and encourages you to live in a paycheck to paycheck cycle.
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How much you could have made if you would have only put $10k into… This sort of backward looking fantasies are useless, unless they teach you how to pick the next 10-bagger before it shoots up. Otherwise, you may as well throw darts at a list of stocks. Enron anybody?
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