{"id":697,"date":"2018-10-24T23:45:00","date_gmt":"2018-10-24T23:45:00","guid":{"rendered":"https:\/\/www.simplywise.com\/blog-2023\/?p=697"},"modified":"2023-06-22T21:22:50","modified_gmt":"2023-06-22T21:22:50","slug":"responsible-bitcoin-investing","status":"publish","type":"post","link":"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/","title":{"rendered":"Buy Bitcoins Without Risk of Losing Money: A Guide to Responsible Investing"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"697\" class=\"elementor elementor-697\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c402d5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c402d5c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7bf1c2f\" data-id=\"7bf1c2f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a8bb61 elementor-widget elementor-widget-template\" data-id=\"4a8bb61\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"196\" class=\"elementor elementor-196\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339b45e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339b45e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f771e94\" data-id=\"3f771e94\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44435407 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"44435407\" data-element_type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/elementor\/css\/custom-pro-widget-call-to-action.min.css?ver=1764022918\">\t\t<a class=\"elementor-cta\" href=\"https:\/\/simplywise.app.link\/Iv0wVANrvfb\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default\">\n\t\t\t\t\t\t<div class=\"elementor-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">DID YOU KNOW?<\/h2>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tRetirement is 99% easier when your paperwork is organized. \n\nJoin 250,000+ Americans securely storing their important receipts, bills &amp; documents with the SimplyWise app.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<span class=\"elementor-cta__button elementor-button elementor-size-md\">\n\t\t\t\t\t\tGet the App\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f67682 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f67682\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40a96e8\" data-id=\"40a96e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7976a72 elementor-widget elementor-widget-text-editor\" data-id=\"7976a72\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>\u201cBitcoin\u201d and \u201cresponsible investing\u201d are two terms that are almost never used together. In this post we are going to do what may appear impossible on first glance: show you how to buy bitcoin in a way that you benefit from its price appreciation, but can\u2019t lose money.<\/p><p>This approach makes sense for certain situations. First, you should be willing to accept less than full participation in bitcoin\u2019s upside, in return for the guarantee that you won\u2019t lose money. Second, you\u2019ll need to be a long term investor who is comfortable holding bitcoins for a long period of time. The longer you are willing to hold bitcoins, the more of the risk-free upside you can participate in. If this sounds good, let\u2019s get started\u2026<\/p><h2><b>Step 1: Buy a bond to ensure your original investment is protected<\/b><\/h2><p><a href=\"https:\/\/www.simplywise.com\/blog\/investing-in-bonds-introduction\/\">A bond allows the government to borrow money from you<\/a>\u00a0for a certain set amount of time. In return, you\u2019re paid back the original principal, plus interest.<\/p><p>Let\u2019s say you have $10,000 that you want to grow for a period of five years. The first step is to use some of that money to buy a bond, such that you get back $10,000 after five years.<\/p><p>The\u00a0<a href=\"https:\/\/www.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/Pages\/TextView.aspx?data=yield\">current interest rate<\/a>\u00a0for a five-year US government bond is 2.6%, meaning that putting $8,800 into a US government bond now would become, in the span of five years, $10,000. That leaves $1,200 of the original $10,000 left-over that you can invest in other things. Notice that even if you lose that $1,200 completely, you\u2019ll still end up with $10,000 at the end of five years.<\/p><p>That\u2019s how you can ensure you don\u2019t lose your original investment.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-239497e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"239497e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e87e18\" data-id=\"4e87e18\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88974c5 elementor-widget elementor-widget-image\" data-id=\"88974c5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"486\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-1024x777.png\" class=\"attachment-large size-large wp-image-700\" alt=\"Simplywise invested in bonds 5 years\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-1024x777.png 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-300x228.png 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-768x583.png 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-1536x1166.png 1536w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-invested-in-bonds-5-years-2048x1554.png 2048w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-074c7c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"074c7c1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c7d138\" data-id=\"0c7d138\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36b6a02 elementor-widget elementor-widget-text-editor\" data-id=\"36b6a02\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Step 2: Put the remaining money into bitcoins<\/b><\/h2><p>We want to put the $1,200 that isn\u2019t invested in bonds into something that will appreciate with bitcoin. The simplest way to do that is to just buy some bitcoin. You can do this on\u00a0<a href=\"https:\/\/www.coinbase.com\/\">Coinbase<\/a>\u00a0or one of the numerous other bitcoin exchanges. Let\u2019s look at what payoffs will be in different scenarios.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72c3a1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72c3a1c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cbabdc3\" data-id=\"cbabdc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-24623b6 elementor-widget elementor-widget-image\" data-id=\"24623b6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"486\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-1024x777.png\" class=\"attachment-large size-large wp-image-701\" alt=\"\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-1024x777.png 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-300x228.png 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-768x583.png 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-1536x1166.png 1536w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-If-bitcoins-go-up-100-your-portfolio-grows-24-2048x1554.png 2048w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b4d6fd elementor-widget elementor-widget-image\" data-id=\"8b4d6fd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"486\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--1024x777.png\" class=\"attachment-large size-large wp-image-702\" alt=\"\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--1024x777.png 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--300x228.png 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--768x583.png 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--1536x1166.png 1536w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/simplywise-If-bitcoins-goes-to-zero-you-lose-nothing--2048x1554.png 2048w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-968df3c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"968df3c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c16485\" data-id=\"4c16485\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0db03e elementor-widget elementor-widget-text-editor\" data-id=\"c0db03e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The diagrams above show how much money you would make in different scenarios. Under the current arrangement if bitcoins go up 100%, you make $2,400 (a 24% return). If bitcoin becomes worthless, you get back your original $10,000. To help you figure out how much money you might make in different scenarios, we\u2019ve included a calculator below:<\/p><div class=\"row\"><div class=\"col-md-12\">Start with:<br \/><input id=\"startWith\" class=\"typeahead sm-form-control tt-input inputValue\" dir=\"auto\" spellcheck=\"false\" autocomplete=\"off\" type=\"text\" value=\"$10,000\" placeholder=\"$\" \/><\/div><\/div><div class=\"row\"><div class=\"col-md-12\">Bitcoin price (now):<br \/><input id=\"bitcoinStart\" class=\"typeahead sm-form-control tt-input inputValue\" dir=\"auto\" spellcheck=\"false\" autocomplete=\"off\" type=\"text\" value=\"$9,000\" placeholder=\"$\" \/><\/div><\/div><div class=\"row\"><div class=\"col-md-12\">Bitcoin price (in 5 years):<br \/><input id=\"bitcoinEnd\" class=\"typeahead sm-form-control tt-input inputValue\" dir=\"auto\" spellcheck=\"false\" autocomplete=\"off\" type=\"text\" value=\"$18,000\" placeholder=\"$\" \/><\/div><\/div><div class=\"row\"><div class=\"col-md-12\">You get:<br \/><input id=\"youget\" class=\"typeahead sm-form-control tt-input inputValue\" dir=\"auto\" spellcheck=\"false\" autocomplete=\"off\" disabled=\"disabled\" type=\"text\" value=\"$12,400\" placeholder=\"$\" \/><\/div><\/div><h2><b>Step 3: Wait<\/b><\/h2><p>That\u2019s it. We\u2019ve constructed a portfolio that cannot lose money and receives some participation in Bitcoin\u2019s upside at the same time.<\/p><h2><b>For Advanced Readers<\/b>:<b>\u00a0Getting More Bitcoin Participation<\/b><\/h2><p>Perceptive readers will notice that in our original\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/market-growth-no-downside\/\">guide to getting some stock market with no downside<\/a>, we use call options on the stock market to get market upside, instead of buying a stock market index. We do this because it gives us more participation in the market per dollar invested without modifying the risk of the overall portfolio. Using call options allows us to offer stock market upside participation that is very compelling (79% participation in the market for a 5 year term for e.g). Below we outline a few ways to get more bitcoin participation and some of the trade-offs with each of these methods:<\/p><ul><li><b>Buy call options on bitcoins:\u00a0<\/b>As of March 2018, there isn\u2019t an easy way to do this as a US-based investor.\u00a0<a href=\"https:\/\/www.ledgerx.com\/\">LedgerX<\/a>\u00a0does have a market for options on Bitcoin, but the platform isn\u2019t open to retail investors.<\/li><li><b>Buy bitcoins on margin:\u00a0<\/b>There are platforms offering margin accounts that allow you to trade up to 100x leverage (!!!). In our example above, you could take the $1,200 that you put into bitcoins and use it to buy $2,400 in bitcoins on margin. This would mean that you are 2 to 1 levered and your gains and losses would be magnified by a factor of 2. The problem with this approach is that if bitcoins ever drop 50% from the current price at any point in the next 5 years, your account will be liquidated and the overall portfolio will only return the original investment. This will be true even if bitcoins eventually end up a lot higher than it is currently, 5 years from now.\u00a0<\/li><li><b>Be willing to accept some loss:\u00a0<\/b>If you are willing to lose up to 10% of your portfolio, you could buy enough bonds so that you are guaranteed to get back only 90% of your original savings instead of the full 100%. This allows you to have more money to put into bitcoins, allowing you to participate more on the upside.<\/li><li><b>Increase your investment period:\u00a0<\/b>If you are willing to hold this portfolio for longer than 5 years (e.g 10 years), you\u2019ll need to invest even less money in bonds so as to ensure you don\u2019t lose your original investment. This allows you to buy more bitcoins and participate more in the upside.<\/li><\/ul><h2>Conclusion<\/h2><p>Investing in bitcoin has been a hair raising experience for many. There have been reports, for instance, of people\u00a0<a href=\"https:\/\/www.cnbc.com\/2017\/12\/11\/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html\">taking out mortgages to buy bitcoin<\/a>. We think that is highly reckless investing. In this post, we\u2019ve tried to give you a framework to think about how to limit your losses, while being able to participate in the potential upside in bitcoin.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4cd70be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4cd70be\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32a6d40\" data-id=\"32a6d40\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f31a36e elementor-widget elementor-widget-template\" data-id=\"f31a36e\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"196\" class=\"elementor elementor-196\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339b45e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339b45e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f771e94\" data-id=\"3f771e94\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44435407 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"44435407\" data-element_type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<a class=\"elementor-cta\" href=\"https:\/\/simplywise.app.link\/Iv0wVANrvfb\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default\">\n\t\t\t\t\t\t<div class=\"elementor-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">DID YOU KNOW?<\/h2>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tRetirement is 99% easier when your paperwork is organized. \n\nJoin 250,000+ Americans securely storing their important receipts, bills &amp; documents with the SimplyWise app.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<span class=\"elementor-cta__button elementor-button elementor-size-md\">\n\t\t\t\t\t\tGet the App\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u201cBitcoin\u201d and \u201cresponsible investing\u201d are two terms that are almost never used together. In this post we are going to do what may appear impossible on first glance: show you how to buy bitcoin in a way that you benefit from its price appreciation, but can\u2019t lose money. This approach makes sense for certain situations. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":698,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy Bitcoins Without Risk of Losing Money: A Guide to Responsible Investing - SimplyWise Cost Estimator<\/title>\n<meta name=\"description\" content=\"Bitcoins aren&#039;t generally considered a responsible investment, but this strategy could be an interesting way to participate with limited downside...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy Bitcoins Without Risk of Losing Money: A Guide to Responsible Investing - SimplyWise Cost Estimator\" \/>\n<meta property=\"og:description\" content=\"Bitcoins aren&#039;t generally considered a responsible investment, but this strategy could be an interesting way to participate with limited downside...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\" \/>\n<meta property=\"og:site_name\" content=\"SimplyWise Cost Estimator\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-24T23:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T21:22:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/shutterstock_722276218.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allie Fleder\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Allie Fleder\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\"},\"author\":{\"name\":\"Allie Fleder\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/#\/schema\/person\/e1e876d7736d540f0047b6adc84e2ba1\"},\"headline\":\"Buy Bitcoins Without Risk of Losing Money: A Guide to Responsible Investing\",\"datePublished\":\"2018-10-24T23:45:00+00:00\",\"dateModified\":\"2023-06-22T21:22:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\"},\"wordCount\":904,\"publisher\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\",\"url\":\"https:\/\/www.simplywise.com\/blog\/responsible-bitcoin-investing\/\",\"name\":\"Buy Bitcoins Without Risk of Losing Money: A Guide to Responsible Investing - 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