Has Dave Ramsey Changed His Mind About Bitcoin?
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- เผยแพร่เมื่อ 12 มี.ค. 2024
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“Everyone gets Bitcoin at the price they deserve” - Michael Saylor
Saylor will go broke once again, no doubt about it
I bet saylor becomes one of the top 3 richest people in the world.
@@theinvestmentabc6245 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Dumbest comment on the internet
I adore Dave for almost everything he teaches, how much he cares about the fundamentals, how much he cares about people...and he’s smart as hell.
But Michael Saylor is smarter.
“Bitcoin is for everyone.”
To be “against” bitcoin simply means that you don’t understand it.
To not understand it means that you simply haven’t put in the effort to do so.
And we are now back to “everyone gets bitcoin at the price they deserve.”
@@Mc.flyyy11 he definitely will and Microstrategy will become a richer company as well
I was going to get some Bitcoin 10 years ago and Dave said stay away so I did. Man I wish I would have done the opposite
Why would you take investing advice from a marketing firm?
His entire business model is to make money from people in debt. lol
Question; how is the rest of your portfolio doing?
@@siegfriedbraun5447 I actually bought some Bitcoin and some other crypto but it was at the $50k price point (btc). Rest is okay but i worry about the dollar collapse coming. Won't that tank all other investments besides crypto?
had a coworker who had mining machines probably 8-10 years ago. was in early with mining and buying 100 bucks a paycheck, I used to give him a hard time about it. talked to him around Christmas time, retired out enjoying life with the family. not bad for a 38 year old!!
It's almost like old people denying the value of internet in the 90s. How cute 😂
What is the best strategy to succeed in the market now for someone with more or less than $4000
You need a pro or someone good at navigating the market. Someone like Stephany Reuben
Steph excels at capitalizing on economic shifts and I have confidence in her trades
Almost gave up due to constant losses, but Steph turned my luck around
roughly 28k now comes in weekly
How can she be consulted
Sad to see Dave be so prideful. How much has he cost his disciples by telling them “it’s a scam” since it was $500?
Lol, don't scams have to have people running the scam? I can easily name the fiat scammers.
If he educated to many people he would be out of business 😉
@@williamarroyo1109 It is a shame how true that statement is
It is 100% a pyramid scheme.
@@williamarroyo1109 Exactly. nothing but shills
Hmmm. When I hear Dave speak on Bitcoin I'm reminded of what my dad used to say: "When you think you know everything you learn nothing new."
Yes. Dave has absolute faith in his own opinions. Ask him about his 12% returns and 8% retirement withdrawals.
Charlie Munger used to say about some people that you couldn’t fit a dime between what they know and what they won’t learn. He detested Bitcoin though. But Dave is like that with many things.
@@reggiejenkins6458 Seriously, 12% consistent annual returns are not realistic and 8% retirement withdrawals would only work if you only use half or ideally even less than half to live off of. This metric only seems to work if we're in a forever bull market every year.
Brilliant
I agree with putting UP TO 5% of ur portfolio in BTC....but I also agree with Dave. Buying BTC is the equivalent on going to the casino and playing the slots
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
Dave's arrogance saddens me. He doesnt realise how much has he cost his followers by informing them "it's a scam". I regret not following my instinct and bought bitcoin some months ago when its price was between $20k and $25k because i listened to him, only for bitcoin to go on a rally to $70k in months. It's quite devastating now.
Ouch! This is why I only take advices from my advsor for good entry and exit points on any buys. Best decision yet.
No harm intended, but many people dismiss the importance of advsors until their feelings get in the way. I looked for one profusely a few years ago because I desperately needed a big boost to get by. Fortunately, I found one who had fortitude. My cash reserve has increased from $450,000 to around $1.1 million as of right now.
@josephbush I love these little fake conversations you create... especially how the advisor name changes each time
@@MarvishaNouch… you actually have an advisor 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
He thinks he knows everything. he sells a program "baby steps" Yet he doesnt even take a baby step to study something he's goign to comment, suggest about! This video made me unsubscribe him
The USD is the worst shit coin. 27 trillion in circulation. Unlimited supply cap. 1 node. 25% of supply minted in past 6 months. 1% of holders own 30% of supply.
your right and the government is adding 1 trillion to the national debt every 100 days,
Spitting facts!
USD is great still. What about the rest of us from the 3rd World. Then USD is great hence why all the stable coins, and then Bitcoin is next level. It gives people hope
yea but you get rich doing it on the stock market
Dave would not understand this comment 😂 but yes USD is #1 shitcoin due to the reasons you’ve listed.
People who work for him probably own Bitcoin
Probably not
So whats you're point?
Wait until his mutual funds start holding
He probably does himself
I already can tell he bought at least one BTC
Well that thin air just allowed me to pay off my house 18 years early
I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
I will advise you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you i think that way your assets are more secure
I'd recommend Annabelle Hartfield, her profit is great even when there's a dip
I am going to re-watch this video in 5 years and see what happens...
yes 2029...Only 1.56 BTC issued per block after the 2028 halving. The supply/demand shock will be like nothing we have ever seen.
lol yup see you in 5 years
You mean once Blackrock buys all the crypto, centralizes it, teams with the world governments and it becomes CBDC and you can't get to your money if your social credit score is bad?
It ain't going to age well for Dave
Don't need to he's said the same thing back when it was 10k or less.
I would actually pay money to watch Dave Ramsey interview Michael Saylor and ask him questions.
Me too lol
Dave won’t. He won’t ever challenge himself by going up against a peer power.
No need to. Some ppl are just stuck in their ways. It would just 2 guys arguing with different opinions. Have seen enough with watching Peter Schiff and other's debating to know they will just find a reason to continue to push "dinosaur" ideas. At one point their advice was sound but you have to continue to evolve as things change and clearly they don't.
@HC-sb1ru we are not mad about anything. You sound mad 😂. Moon 🌙 boys?? Really 😂. We can call out stupidity when we hear it and his statements on Bitcoin are stupid if you can read a chart of data for the last 14yrs. Facts are Facts!
@HC-sb1ru No, Dave is just wrong. People are buying houses by putting a tax refund into crypto for 1 cycle and they're buying them with cash. With Daves way? You might get a nice 16% return on your investment! WOW!! So nice right? Meanwhile in cryptoland, I'm up 900% in 5 months on ONE crypto. Yes.....ONE. I own 5. The others are up as well by over 100%.
Ramsey in April 2014, "Don't buy Bitcoin at $414, buy gold at $1,317!"
Ramsey in April 2019, "Don't buy Bitcoin at $5,084, buy gold at $1,296!"
Ramsey in April 2022, "Don't buy Bitcoin at $41,162, buy gold at $1,975!"
Ramsey in April 2024, "Don't buy Bitcoin at $63,946, it's poo poo, buy gold at $2,360!"
Bitcoin is up 15,446% in ten years.
Gold is up 79%.
Dave Ramsey's advice has prevented you from getting rich by steering you from the best asset over the past decade.
This has to be the worst and most unintelligent conversation I have ever witnessed. That’s 5 minutes of my live I never get back
Every conversation involving Americans is unintelligent
He made a video about Bitcoin about 3 years ago and prevented a lot of people from becoming millionaires.
He didn’t prevent anything. Anybody who listened to him has been free to buy bitcoin if they wanted too.
3 years ago bitcoin was at $61,000. Since then if you managed to hold the entire time you would have made 19.6%. SPY beats it by 6%. Bitcoin is just like individual stocks, hindsight is 20/20.
If you have 1000 people flip a coin 10 times one will flip it heads 10 times in a row. That doesn't make that person inherently special, it makes them lucky.
@@mightyminifarm I should have said that he "dissuaded" them from becoming millionaires.
@@grantsajdak8176 It was also 31k in 2021, 61k was close to it's all time high, yeah it goes up and down, but the trend is upward and you could've make 9X your money if you had bought in 2020 when it was 8k, that blows SPY out of the water. Yeah hindsight is 2020 but if you never buy it then you'll have perpetual hindsight that is 2020 which doesn't do you any good.
@@grantsajdak8176 It was also 31k in 2021, 61k was close to it's all time high, yeah it goes up and down, but the trend is upward and you could've make 9X your money if you had bought in 2020 when it was 8k, that blows SPY out of the water. Yeah hindsight is 2020 but if you never buy it then you'll have perpetual hindsight that is 2020 which doesn't do you any good.
When Dave buys btc that's when I know to start shorting it
Dave is too hard headed and old school to buy Bitcoin. He's right on a lot of things but he's wrong about this.
Really I thought he explained how currency works really well. You are all buying a currency not an investment. And it’s delusional to pretend it’s beyond government reach.
Exactly lol
@@katiek.8808 Bitcoin has ETFs now managed by the world’s largest financial houses. Boom. There you go.
Snorting it*
I wanna see Dave, Michael Saylor, and Peter Schiff in a room together 😂
As we edge closer to the momentous Bitcoin halving event in 2024, we find ourselves at a defining juncture in the realm of cryptocurrency. This landmark event is poised to significantly influence Bitcoin's market value and have widespread implications across various digital currencies. During this pivotal time, the role of astute trading skills and the diversification of investment portfolios becomes increasingly vital.
I've been keeping an eye on the charts, and it does look like a major breakout. The real challenge is predicting when this pump will end. Timing the market can be tricky.
Having an investment advisor is the best way to go about the crypto market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This is interesting! the bull rally seems a good time to invest, never owned any digital assets before but quite enthused about it, would obviously need some guide as a total newb... mind if I look up your advisor please?
'Melissa Maureen Ward' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Ramsey is great at giving advice to get out of debt. He's subpar when it comes to investing.
If I listened to Ramsey, I wouldn't have my first 100k in 3 years lol.
@@galeru Im saying dude is just not with it lol. Id have zero wealth if i listened to this tool.
Any body that wants to get out of debt doesn’t understand debt
@HC-sb1ru Yes Dave has done well. Stocks are a good long term investment (money printing helps that, it also helps Bitcoin)
The problem is we only have a 15 year track record of bitcoin (going from zero to $70K in that time).
Both may end up being good long-term assets
@@donaldbarnes3714 debt is risk
BTC actually is at 1.4 Trillion market cap 2 hrs after the publishing of this video. Dave has no idea what he's talking about, he's so wrong its comical
Anything to do with bitchcoin is comical.
@@amireallythatgrumpy6508someone missed out on easy 1,000’s
@@amireallythatgrumpy6508are you really that grumpy? Maybe if you bought btc you’d have a reason to smile for a change :)
@@amireallythatgrumpy6508Tell us you have no BTC without saying you have no BTC 🤣
No, I'm not from the USA. @@billyracks
The word is BTC: some old people just don’t get it.
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.
Smart, If i wanted to do the same with my retirement funds too, how do i get started trading?
@@DeannaMurray-zv I work with Alicia Ann Jordan, who is a licensed fiduciary. Just look up the name. All the information you need to work with a letter to set up an appointment is included.
I work with Alicia Ann Jordan, who is a licensed fiduciary. Just look up the name. All the information you need to work with a letter to set up an appointment is included.
I cant believe there is nobody in that building who saw this and said...."probably shouldnt post this video"
right?
They are all stubborn
Its so obvious that George has a ton of bitcoin 😂
He probably has some Doge as well
Facts 💯
I doubt it since George isn't very bright.
@@kevinnnnn702he’s an expert bro haven’t you seen his credentials?? 😂
Dave will be eating tens of millions of BITCOIN CROW!
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months Elizabeth Wesley. Started with 14k in last month this 2024.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, with the user name.
like he said, "a higher level of stupid".
Old man yells at sky
I mean, the guy freaks out when you say you use a credit card to buy groceries, to collect airline miles for a free vacation. It's not surprising he doesn't like magical internet money.
Young people do that too 😅
Almost as cringe as Dan Pena
crypto bro yells cuz he's broke.. but at least you can buy digital/fake things in the meta verse.. lol
Lol he lost me when he was ranting about the Iraqi Dinar and Confedrate bills... wtf?
Dave is wrong about this. Bitcoin is a commodity - not a currency - and it represents energy, security, and the ledger technology.
Its about to half in 34 days
@@spicyfoodchaser9406 the block reward will, yes.
It's a currency... until we point out its awful deflationary nature. It's a commodity... until we point out that it doesn't have any inherent value. It's revolutionary tech... until we point out that decentralized blockchain exists without bitcoin. It's energy... until we point out the basic laws of thermodynamics. Nobody can coherently defend "investing" in crypto, because it's a (poorly) disguised ponzi scheme. There will be generational bagholders.
How does it represent energy or security or ledger technology
@@spicyfoodchaser9406 correct; the block reward will be cut in half in about a month and the mining difficulty will be increased.
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Travis Samantha strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.
Travis Samantha goes deeper than just looking at surface-level trends. She explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
A major distinction between winning and losing is using the right strategy and of course with signals like those of Travis Samantha , profit is assured.
She is all about simple technique that are highly profitable, I really admire her winning mentality.
I am really confident for this bullrun, MEV arbitrage is the way
MEV! i am learning it
a good system is what is crucial.
wow what is this about?
ZapierEth did a blog on it in X
i did this last bullrun on ethereum network, very profitable
Bitcoin isn’t just a coin. It’s a digital ledger. It’s software.
I wonder if Dave would ever bother to read the white paper. As someone who always rails on giant banks like BoA and Chase, someone who was bankrupted by surprise by his bank....you would think Satoshi's writings on the corrupt centralized financial system would be a draw for him.
@@jacobawojtowicz could see that still happen. They were loaning em out and when the price drop like a load of bricks people were defaulting because the asset was only a fraction. But I’m a fan. I think it changes the future in ways most can’t see. Hashgraphing too.
It's truly reprehensible that people that have such large audiences on finance simply will not do their homework on the best performing asset of all time because of their egos. They are truly doing their audience a disservice.
ITS THE FUTURE!! OMGZ KATHIE WOODS A GENIUS! A.I MY HOT GUYS TELSA TATTOO CHEFS SWEATY TRUCKER BALLS COIN TO DA MOON!!! 💅🏻💅🏻🏳️🌈🏳️🌈🏳️🌈🏳️🌈🏳️🌈🚀🍆🍑
Yes, and it’s not just a currency, it’s a Network. It’s digital property.
Came for the video….but stayed for the comment section 😂
yea cause the video is trash isnt
It is scathing lol
"I do alot of stupid stuff. My personal rule is not to do the same stupid stuff over and over." - proceeds to still have a horrendous take on Bitcoin 😂😂😂
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
Great to see you guys talking about her, she changed the game for me.
Glad I never listened to warren buffet nor Dave Ramsey. Almost a whole coiner now after dca for the last 3 years!
BTC 🤑 🚀
And yet you're here in the comments section of HIS video.
Good job, see on the others side. 👍
This is the way.
@@nGAhGENVH0Ul just love watching him repeat the same stuff and still be wrong on Bitcoin for 8 years now
Dave doesn’t know it’s in the mutual funds he pushes now 😂
He's also against single stocks, which obviously those funds hold...so he's entirely consistent. He advocates people do low risk investing. It's easy to look back and wish I had put $10k in NVIDIA back when I was fresh out of college....but that would have been an insane level of risk for me at that time. With the benefit of hindsight, all investing is easy.
ROFL 💯
Exactly! He's a good salesman but that may be about it
Bitcoin, by a large margin, is the best-performing asset class over the last 10 years! Also, many companies in the S&P 500 use blockchain technology.
Lol😂
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere TH-cam videos.
The first step to a successful investment is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Anyone this confident about something they do not know anything about, you should probably take with a grain of salt.
Over the last 5-7 years my BTC is outperforming all my other investments 10 fold.. think for yourself people
Facts! People need to wake up before it’s too late
Same here.
Let's see where it is in 5-7 years from now. I would bet it goes lower than today's price. For the sake of your investment, I hope I am wrong, but I'm with Dave on cryptocurrency.
that's good but some of the exchanges went down, Mt Gox, FTX, Voyager. Stay diversified
@@astrozoo that’s why self custody with Bitcoin is important. You shouldn’t need an exchange to hold your bitcoin
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 72k.
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY!
It’s going to be a wild year for these sectors, so you should def. invest in crypto. 60% of my portfolio is spread across tech stocks, crypto and Crypto/Gold ETFs.
well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance...
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager, but he seems not to know much about crypto.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Victoria Wiezorek focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
The track record is BlackRock and Fidelity fighting to buy all of the Bitcoin that's left, nice try though Dave. You're wrong
There’s a term for those who save in fiat “poor”
The great Michael Saylor
That term applies to everyone who is a human.
Bitcoin has ETFs now managed by the world’s largest financial houses. Boom. There you go.
My father was 17 in 1932. He told me about the weekend when the banks were open on a Saturday and the following Monday they did not open. He fought in WW2 and died in 1983. He told me don’t believe anything you hear (radio) and only 1/2 of what you see (Television). Please keep telling everyone NOT to buy BTC. For the long term I’ll put my BTC in a Trezor you put you money in a bank. Good luck with that. While you’re at it buy some Treasury Bonds.
Dave, never take this video down so we can revisit and laugh at you again and again. $BTC 🤑
If Blackrock, State street and Fidelity are holding $20 billion in BTC....yeah Dave its definitely a scam 🤣🤣🤣🤣
Yeah, they're also buying it up so they can drive the value to 0😂😂😂
@@vandrewsan that makes zero sense
@@moorefaith23 I was being sarcastic, but I've seen that theory floated out there in one of these anti bitcoin articles.
You forget Dave is the smartest guy in the room. It happens to be his own room and he never leaves it. But he's definitely the smartest guy in there.
@vandrewsan Dave can't change now. It would against everything he thinks he's right about.
A true disservice to your audience. A clear lack of understanding.
His demographic are boomers, and most of them are unable to understand it anyways and if they did they'd rather spend their money on slots.😅
I understand why Dave tells people to avoid bitcoin. It is up recently and will continue but it is still volatile. Can you imagine the shit he would get if he told people to buy and then it dropped 80%? He doesn’t want to deal with that. His audience already doesn’t understand how to manage fiat currency, there’s no chance they would understand bitcoin.
@@AdamChamberlainThat's no excuse. Putting one or 2 percent in the best performing asset of all time is a sensible allocation. In fact, it's irresponsible not to.
@@jerrymac1795 how is it the best performing asset ever exactly?
@@danielkirkland3366 If you take any four year window of time (from at least the last ten years) an investment in Bitcoin at the beginning would return at least 100% at the end of the four years (in some cases dramatically more).
The dinosaur is so wrong, he’s just butt hurt he didn’t get in earlier
This is a buy signal lmao. We are still early folks
I'm glad I didn't listen to yall. I'm up 174% since 2017. HODL!
I'm up 100% on my entire Bitcoin. DAVE IS A FOOL.
Dang right!!
All 150 dollars worth.... lol
HODL!!
I’m up 120% since 2021. There’s a chance it can all go to zero, but there’s also a chance I will have some massive gains.
Bitcoin is awesome! I’m up over 200% on my Bitcoin portfolio.
LMAO so nothing then?
Until you are 200% down. Smoke and mirrors.
@@coloradomark2159 would you like some peanut butter to go with that jelly?
@@CurieBohr I'm scheduled to have lunch with Buffett next week. I will let him know you have unlocked the mystery of Bitcoin. I just know he will change his mind if I tell him.
@@coloradomark2159 buffet was wrong on technology (Apple as one example) for decades.
Warren gets preferred dividend shares that we the common folk don’t get. You cannot emulate his stocks and get the same return.
I don’t even know why I’m having a discussion with you. We both know you’re replying out of jealousy.
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
Don’t trade it’s the same as gambling. Trading is the casino of the stock market. But SPYG when it dips 10% and keep buying everytime it drops more. Only way to make actual money in the market easily. Or do due diligence in a company, understand it. And invest when it’s depressed. Good luck!
STOP trading crypto, buy it once a month at regular intervals to mitigate risk and wait 3 years.
I’ve never heard two people talk so confidently about something they have no clue about
ppl who dont buy bitcoin are missing out
and the one that ridicule it haven't spent any time at all trying to understand what it is. If they did, they would be running to get some.
I'm glad I'm missing out on that junk.
On what
@@TheWalamalaperfect money
@@amireallythatgrumpy6508 Yea...going from .10 to 73K per coin in just 13 years is AWFUL! Lol Please stop making me money Bitcoin! I'm suffering! Do you hear yourself?
Bitcoin isn’t a currency, it’s an asset. I think it’s time for Michael saylor and dinosaur dave to have a debate streamed
Corrrect. It's a peer to peer payment system without having to use any traditional financial system. First of it's kind. Blockchain provides the trust. The network keeps it safe.
It’s an asset that is invisible and it doesn’t produce anything 😂 it’s like owning gold but you can’t have it because it’s not real . But somebody will pay you for it for some reason
@@Anthony-zw1qb miss your chance, idc. I’ll be laughing my way to the bank in a few years when it’s $350k plus.
@@hurt1704 good luck brotha . If the bank still exists .
@@Anthony-zw1qb dinosaurrrrr! 👆 😂
Bitcoin is an asset, not a currency. It is just an asset that can be immediately transferred. This is an important distinction that Dave doesn't (want to?) understand. I do understand that he talks to a specific kind of person and it would greatly complicate things if people who don't know what they are doing started to buy Bitcoin. But still - he's missing some basic facts about how it works.
Dave is a fool on this one, limited supply vs unlimited supply which one do you choose?
It's irresponsible to not have a small allocation
No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
I wholeheartedly concur. At 60 years old and newly retired, my external retirement funds total around One million two hundred and fifty thousand dollars.. With no debt and minimal retirement fund allocation relative to my portfolio's value over the last three years, I recognize the importance of a financial advisor. Neglecting them isn't an option; however, thorough research is vital to find a trustworthy fiduciary advisor.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs.
Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about 200,578 after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost 673,000.
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
IRS Notice 2014-21 - guides individuals and businesses on the tax treatment of transactions using convertible virtual currencies. For federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency. The "vitual currency" this refers to is bitcoin and crypto in general and is treated as "property" in the eyes of the IRS. Which is it Dave?
So wait until Bitcoin "is there" and it's at $1m/coin to buy??? Ridiculous 🤦♂️
I got a Robinhood Crypto ad at the end of this video.😂😂
It’s a sign. Just buy some Bitcoin and let it sit for 10 years
@@dbhunter79 Yes but dont store it on Robinhood 🤣😅
@@dbhunter79 Better yet, Dollar-Cost-Average in on BTC. Just buy $10, $100 or $1,000 weekly or monthly, whatever is reasonable for your budget and hold, NEVER looking at the price. In 10 years, you'll be very rich or stupidly rich if you went with the $1,000/mo. option.
i use stocks through cash app
"I don't know where the trillion-dollar market cap comes from". Uh, dude, it's because over a trillion dollars worth of wealth is stored in it.
• Nation States own it in their treasury
• El Salvador made it legal tender
• Hundreds of public companies own it in their treasuries
• It's over 15 years old
• It just surpassed the market cap of silver
• SEC just approved ETFs of it
And his response is "it is a bubble".
He's leading his entire audience into the wood chipper by continuing to advocate for a 60/40 portfolio at the end of the long-term debt cycle.
I don't know the right % allocation for you personally, but I know the wrong number is 0% at this point.
HODL.
Dave doesn't know anything about Bitcoin, what it has done, literally any metric he has no clue about.
well said.
For a guy who brags about how right he is all the time..?? It is amazing how wrong he can be about his continued dismissal of Bitcoin while the writing is literally on the wall..!
The fact Dave mentions the German mark as a currency is really telling since it’s been out of use for decades
Just a reminder that we are still early on BTC if Dave still can't figure it out. Go buy some
I will sell when Ramsey turns positive on Bitcoin.
He wont tho. He is stubborn
lol.,,
That's the point
Kinda like the Jim Cramer effect... 😆😂😁
😂😂😂😂Dave and Cramer become 100% in.... WERE OUT!!!😂😂😂😂
The following is not financial advice but a history lesson. There was a time when 1 Bitcoin could be purchased for $.008. A thousand-dollar investment back then would be worth $ 8,750,000,000 today. Take the meme coin Shiba Inu. If you invested $1 (one dollar) in Shiba Inu on December 5, 2020, and sold it on October 28, 2021, you would have made $ 1,149,949.51. Did I hear Dave say don't invest even a little?
Warren famously missed some of the largest growth in tech companies. The arguments used against bitcoin are similar to those used when credit cards and the internet were first coming around. The market cap has been well established over $1,000,000,000,000 since February, before then it hit that same mark in 2021. Now Wall Street is involved and Blackrock owns 1% of the supply already.
The less people have faith in their government, the more they have faith in bitcoin. Seems pretty safe to me
Facts
That’s what surprises me about Dave’s stance. He’s not a fan of the gov yet doesn’t own currency that isn’t controlled by them, not even a little? Cmon Dave bitcoin is for you brotha.
BTC. The people's champ! Currency of the people. Removes gov and central banks at its core.
and what happens when the goverment makes it illegal for all businesses to accept bitcoin for commerce? oh that would never happen, right? yeah, think again, dd you see how easy it was for canada to shut down the trucker protest?
I think this thread needs a basic macroeconomics lesson…if you want bitcoin to be a currency, then its value needs to stop rising. You can’t have it be a profitable investment vehicle, and a stable medium of exchange, at the same time. It’s one or the other
So Dave opens the segment saying he is open to changing his mind, then goes on to tell us how he hasn't.
That’s…normal? You can be open to changing your mind about something but still be unconvinced
@@TonyCox1351nothing in his diatribe did he mention any new research he’s done. Classic old man yelling at sky.
@@ericp1139 what new research would indicate that BTC is a good long term investment? “It’s made money so far”?
He changed it once about debt 30 years ago, and nothing since.
I would love to see Michael Saylor and Dave Ramsey talk about Bitcoin.
Why do I always get burned on crypto? I'm already 40k in loss, and I never seem to get the right entry.
It's tough out there. Have you considered following a professional's lead?
Actually, I've been mirroring the trades of a pecuniary advisor named Katherine C Boone. She's been phenomenal.
Katherine C Boone? I've heard great things about her. What's her plan of action?
@@ScottLarrry She's incredibly diligent with risk management and her peddle study is spot on. I've been following her guild-lines for a while now, and I can boast six figures in returns.
@@AshleyKeith-vw7ws That's impressive. How do you get started mirroring her trades?
Sounds like the guy who said, “ This horse and buggy will never be replaced by that horseless carriage!
This is a great example of why you should never treat people as all-knowing guru's, especially if they are old and talking about technology. Charlie Munger Co pared Bitcoin to purchasing baby brains and Buffett called it "rat poison squared." These old men don't get it and never will. It is incumbent on you as a thinking individual to look at the data, look at what the wealthy are doing, and make your own decisions. If you've missed the opportunity for yourself and your family, then going and crying to Ramsey will get you less than nothing.
Dave is correct in his assessment of Bitcoin and cryptocurrencies...they are currencies, commodities, and one thing he never mentions is they are truth machines. Computer chip processing has been pushed further, renewable cheap electricity has been pushed further, and many businesses are making very nice profits from this entire ecosystem. Again...I'll stress, he's right it's not a stock and no one should ever treat it as one. There are more responsibilities required to properly manage a crypto portfolio vs. paying a financial advisor that has their own interests and wallets to care for. It's better for you to read, learn, ask questions, and be responsible for your own financial future. Dave is a solid resource for things that most times are never taught in school.
The ignorance is comical. Not saying he’s right or wrong but to have that much confidence to go against something you don’t understand says a lot. Watch your stuff a lot and this vid just changed my opinion on Dave.
Kif see something go from nine cents to thousands you should study it😊
I’ve never seen someone so boastful of their ignorance.
He's an old fut. They don't get it. They don't read the bitcoin standard.
Dave will keep you poor. I thought he was good when I first went to the little class at my local church. I know now he has made his fortune off calling his viewers stupid and that debt is bad. That's it. That's all he does. I have learned so much about money after getting into crypto. Things you will never learn from Dave.
definitely.. I don't watch D's threads but just the language he uses as he tries to make his case to his followers, at least in this video, tells me he is simply too biased and ridged as he pushes his own agenda, coupled with his apparent lack of understanding of BTC. Very poor optics here on Dave's part..
As is said by many BTC proponents:
Everyone will get BTC at the price they deserve..
The way he dropped Buffets name is so lame.. Is it really that difficult to understand how many 80+ year old's fail to grasp what is happening currently with BTC..?
Buffett made his nut off Apple and he was late to that cause he didn't understand it.
This will age well 😂
Yeah just wait. I can't wait to see him eat his words. But probably when it's a million a Bitcoin he'll still double down like an idiot who can't admit he's wrong.
Be sure to tune in after the US govt monetizes the debt and is vomiting quadrillions into the system ever few months.
the deutch mark???? do you know a currency called euro???
😂😂 the voice impressions
Diversify and you'll be fine. There is room for bitcoin in that diversification
Oh that was rough, this won’t age well.
Why don't people come back and delete comments like this every time there's a crypto-crash and they lose their shirts. Can they not afford internet anymore?
@@ASimoneauI swear, Dave must hire people on his team to make ridiculous comments like this.
@@ASimoneau It's at an ATH right now. No one who's held long-term has lost anything on it.
@@WindyWalk Yeah, but they will, just as a whole mess of people lost money the last time it fell off a cliff. FOMO will keep people from selling their positions when it's wise, and sunk cost fallacy will keep them in when it falls through the floor.
@@ASimoneau "people lost money the last time it fell off a cliff"
Wrong. If the USD value of Bitcoin decreases, you don't lose anything anymore than you lose money when the SP500 goes down. Eventually Bitcoin (like the SP500) not only recovers, but reaches new heights.
The only ones who lose money on Bitcoin are short-term traders and short-sellers.
Might as well be watching Jim Cramer 😂
Hmm so fidelity blackrock just investing in beanie babies huh 🤣 bitcoin etf
The only reason that the stocks in your mutual fund have value Dave is because people see it is as valuable...
stocks can pay out dividends and if enough is owned can grant the shareholder voting rights for members nominated to the board of directors.
@@heywait925so can crypto... stake it.
Does he realize the SEC approved the Bitcoin ETF?
Yeah and how much Larry fink is buying every trading session
To dumb
Not to mention the government cleard Ross Ulrich of his 168 million debt if he signed over all his bitcoin..
You know his whole team holds Bitcoin behind his back 😂
“Gold has value because two people agreed on the same.”
True. The only catch is that people have agreed on it for at least 5000 years of human history. Currencies meanwhile have appeared and disappeared.
I can't wait to see how terribly this video ages.
Probably as bad as all the videos he made 4+ years ago when Bitcoin was under 10k.
Too late! It aged terribly the moment he said it! 🤣
🤣
I love Dave, but he is so wrong on this one.
His verbiage makes it obvious he has spent about two seconds looking into this.
Waste of two seconds.
I enjoy listening 2 Dave Ramsey with the volume turned off…
Fidelity has been mining Bitcoin since 2013. Fidelity advocates 1-5% as an allocation depending on risk tolerance and age.
I mean, it's gone from 16k to 75k in 15 months. Has Dave even seen the charts?
It could go to $1 million and he'll still say its a "greater fools theory", has no "intrinsic value", is only worth what the next schmuck is willing to pay for it, etc. etc.
I can't wait to see that, lol. @@ZidaneSteiner
RAMSEY IN TOTAL DENIAL, LOL.
King Ramses in da Nile...get it?
Why is Dave recommending people pay the highest stupid tax known to man? It won't be long until fiduciaries will be held criminally liable for not recommending bitcoin because it has always been in everyone's best interest to hold it. Why is he hating on an asset that has outperformed everything he has done and recommended on every time frame and every metric? Weird.
Sorry Dave, BTC is not a currency- it's classified as a commodity. BTC has been around 15 years- you should really do some homework regarding this. Since you are wealthy, you don't understand that get in early. With debasement in our currency, the methods of investing you recommend will not keep up with inflation.
I've been dollar cost averaging into Bitcoin since November 2020 when it was around 19k. It's an extremely small percentage of my portfolio. Bitcoin and crypto in a whole is a very volatile and young asset class so I get why Dave feels the way he does about it...
Yes! Been doing the same, but I started when it was around 44k…. My house is paid off, and I have no debt. I invest in stocks and CDs, but BTC is a tiny part of my portfolio; I’ve been putting in $50-100/month for a couple years now regardless of price; and is purely speculative so if it goes to zero, that’s ‘okay’; it was my vegas money. But so far, it’s been doing pretty good overall….👍👍🙂
Dave is a dumba/%