1,815
edits
Changes
Before we go any further, <u>this concept involves Bitcoin (BTC) and putting some portion of one-hundred dollars of your money at risk</u>, most of us keep more than that in a bank account that gains zero interest. If you can't afford to lose your some or all of your seed money -- do not participate.
::'''Step 1. ''' Have your artist create an account at coinbase.com to receive BitCoin. In the left menu, the artist selects "Earn rewards" > "Invite friends" > "Copy link". This is an affiliate link, where the artist will receive $10.00 (in Bitcoin) if you join Coinbase and purchase $100.00 worth of Bitcoin The current processing fee you pay is $2.99.
::'''Step 2. ''' This is a rainy day fund, don't be in a hurry to purchase your BTC, Bitcoin prices fluctuate several thousand dollars over the course of a week, buy low -- sell high.
::'''Step 3. ''' Once you have purchased your BTC, your artist will receive commission and your on-going support can start. You will have $97.01 worth of BTC and if you followed step 2, your holdings should increase to beyond $100.00 on the next upswing. When you notice that your balance has increased beyond $100.00, let's say, $112.00, sent $12.00 worth of BTC to your artist's BitCoin address (a long cryptic number/characters (s)he will publish on her website or social media page -- this one is mine 3HUH6cqaddCvMs6uHZ6kkY8QtC1MvnF8gt).
::'''Step 4. ''' Periodically, the artist should move the donated BTC from the published account to a hardware wallet or some other wallet. Coinbase has a [https://help.coinbase.com/en/coinbase/getting-started/other/vaults-faq BTC-Vault] with enhanced security.
= What if my account value drops to less than $100.00? =