After Bitcoin Skyrockets
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- The main question for alot of people is what happens next.
My name is Brian. Let's switch from dollars to bitcoin and make our homes as functional as possible. Switching to bitcoin makes our work more valuable and switching to a homesteading mentality no matter where you live makes your home more valuable.
We live and work at home, and I like thinking about how to make our home as efficient and functional as possible for us to enjoy. The main thing that got traction on the channel was my sunrun solar review video and recently the bitcoin videos which is awesome to see.
I’m passionate about watching people who choose to go solar go big and have a good experience with it and I’m also passionate about normal people being able to switch their lives from dollars to bitcoin as their main currency.
It is 100% possible to cover your entire household electricity bill and your electric car miles and have excess production make you money. Stop listening to lame sales reps and people who tell you that home batteries and solar panels have a bad ROI.
Decide for yourself that you want energy independence and you want your home to be a self sustaining money maker and you can make that happen.
We have 9.4 kw of solar panels, 2 Tesla Powerwalls, 2 Antminer s9 Bitcoin Asic miners, a Tesla Model Y, a smart PDU from SynAccess, and the Tesla Wall Connector for charging our electric vehicle. I also enjoy talking about suburban homesteading, rainwater harvesting, gardening, product marketing, and bitcoin.
Connect with me!
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#bitcoin
Get a 20,000 sats bonus with your first purchase at Fold use.foldapp.com/r/brainharrington
2024 is a landmark year for Bitcoin, marking its significant growth and acceptance in finance. The introduction of Bitcoin ETFs, the anticipated halving event, and changing attitudes in mainstream finance position Bitcoin as not just a digital asset, but a symbol of technological progress and a sound investment choice. Its growing role in global economies, attracting attention from institutional and retail investors, highlights its potential in financial diversification. However, navigating its volatility requires careful risk management and technical analysis. This year could redefine Bitcoin's role in the financial landscape. At the heart of this evolution is Kelsey R. Harris, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment..
She mostly interacts on Telegrams, using the user-name..
Kelseyharris
The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.
I admire Kelsey's skill in customizing strategies to suit individual requirements. She understands the distinct goals and risk tolerances of each investor and adjusts her guidance accordingly.
The top signal provider in the market. Well-informed and composed (unlike some traders who have recently joined without experience).
I’m having a hard time orange pilling loved ones so I feel I need to stack extra sats on their behalf…lol
Bro your a great person for that. Me too💪‼️
I often find myself saying to family members, "I don't have the time nor the crayons to explain btc to you".
Do not open your door to the grasshoppers.
I tried last cycle and this cycle it’s hard to convince anyone and I’m done trying - I’m expecting questions at $60k, $70k, $80k, $100k levels and beyond.
@@najeebhaddad Finding a lot of people that don't have Bitcoin have the Jab. I think I took the right speculation.
I believe the US. Govt. will give up trying to collect Capital Gains on BTC. In time the Govt will probably move to some sort of flat Tax when you spend BTC. Taxing the gains on BTC just encourages people to HodL forever.
super good point
Or maybe they just put out their own centralized coin. Make everyone trade in their dollars 1-1 because the dollar is now 'illegal / obsolete' tender. Flexibility of crypto, even more control then the dollar.
You can’t make anyone do anything 😂 the people will finally revoke it they try that
You have rapidly become one of my favorite Bitcoin channels on TH-cam. Along with Matt Kratter.
Bitcoin university is top notch
It’s a investment AND a currency AND a store of wealth
Bitcoin will never be used as currancy like the current fiat currency because at the end of the day it can only process 9 transactions/second. That's nowhere near what visa or mastercard offer even right now. That's the reason why Bitcoin is seen more as a store of value like gold rather than a currency used to pay for something like groceries etc.
Your videos are awesome man! I’m learning so much from you, and your my go to new bitcoin channel!!
I’m a programmer for a university and one of my dreams is to lobby for untaxed Bitcoin payments for student loans.
hell yeah I love that alot
That's me! I'm waiting for the day and will switch that day!!!
took 10% profit today because I told myself when I hit a certain portfolio target I would. Happened months earlier than expected lol. Hurts to take profit this early but it feels good to lock things in. Been enjoying your videos :)
Locking into any other asset that depreciates against Bitcoin? Was that smart? When you come back to BTC is more expensive.
Paying a solid chunk of my student loans x)
@@aldrchaseGood Move. Get rid of your debts
@@aldrchaseguaranteed ROI when you pay off your debts, yes BTC is going wil again, but take the guaranteed return!!!!
All companies that allow their' employees to "be paid in Bitcoin"....will get and keep the youngest and smartest for years. But....this is 3-4 years away still.
Another amazing video. However I think a bigger adoption barrier is taxes. Idk what you are doing but I don’t want to keep track of every capital gain or loss throughout the year just to buy things. Also I don’t have enough bitcoin to ever use it to buy things.
Wow man youre thinking light years ahead of even other bitcoiners
This might be a stupid question but: what stops the us govt from just BUYING up all the bitcoin since they can just print US dollars and people do value/sell their bitcoin for dollars?
If I was the government I would do that. However, I don't think they are quite ready to give up on the dollar yet. Bitcoin is really the worst case scenario for the government.
Not gonna happen because BTC holders are NOT gonna sell…Anyone who sell their BTC for no good reason is foolish. BTC has been designated as PROPERTY by the government so it’s just like owning a house, land, etc. Only 10 times better.
They’re too late! They would have to do it within the next year at the rate it’s being sold
The only way the government can get all the BTC is to confiscate it. Which ain’t gonna happen cause BTC is the rich man’s gold. They would never screw their donors like that. Besides over HALF of ALL the BTC hasn’t moved in 3 Years! BTC holders DON’T sell. It’s PROPERTY! Not a SECURITY/STOCK. Only 21 million as you know.
Do you think that the current situiation ind world's politics (BRICS and the war in Ucraine) may push forward a US dollar crisis and then many more people will join BTC?
btc will not be day to day "money"
Bitcoin will be used for final settlement. Just like checks clear in the middle of the night now. Nations used to trade gold back and forth to settle large accounts. we'll use things like the lightening wallet (buy things in sats) for everyday purchases.
Agreed, payroll is a huge step
Well, ach outbound isn't *just* a software issue. The biggest impediment are taxes imo.
Totally I would group those together as well. I think having a capital gain is also just software friction, like it can just be fixed w/ generating a simple statement and the upside is still there even w/ that fee. Definitely not ideal but I think that's going to be part of how the early adopters drop dollars
I get what you're saying, but now we'd be expecting people to embrace short-term capital gains taxes on all of their purchases. Not responsible without some sort of legislative reform imo.@@brainharrington
Last year i made the decision to convert all my income to btc and im not looking back to fiat !
So glad I jumped into Bitcoin in 2020 then my wife in 2023. 🙏
wow
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10k in a meme coin from just a few months ago and now they are multimillionaire.,.,.,.,.
I'm celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Wow, this is really amazing. How do you come about it
I'm looking for something I can venture into on a short term basis, I have $15k sitting in my savings.
Assets that can make you rich
*FX
*Bitcoin
*Stocks
*Gold
*Real estate
You're right but a lot of people remain poor due to ignorance
Hey man, hope you’re well. I miss the deli meetups!
I believe with a lot of which what you said but it won’t be Bitcoin. I’m not trying to shill any coin but Bitcoin is too slow and expensive for that type of adoption.
BTC is the best for "store of wealth" now...with little happening in wide-range commerce; certainly some....but, this will become the next big move....as banks invest due to NOT having a choice by 2025.
EXCELLENT AND ORIGINAL.
Thanks for the vid! I am curious on your thoughts. I am struggling with the why. Why would people want BTC when they don’t save money themselves? Also, how would people transact with BTC when currently the transactions fees are higher than the legacy banking system?
you have any selling points of BTC? seems like you holding forever. My thought for you is hold until you use it for what? gold we hold incase of apocolypse, BTC we hold incase of bank shut down? I would sell some high and buy assets and physical assets
Do you believe BTC will still have a large swing during the next bear run, or do you believe it will be stabilized by ETFs and only drop 10-20%?
Ideally yeah it helps flatten the drops w/ constant scheduled inflows
It would be so beneficial for governmebnts to tokanise their currencies, I wonder who will be first?
None of this is happening until the IRS deems using bitcoin day to day to buy things doesn’t create taxable events.
Bitcoin payroll will not happen until Bitcoin becomes legal tender in the USA. Companies do not want to deal with the capital gains taxes to pay employees. It's not a software issue, it's a legislation issue z
I would love to see this happen, and it may happen just like this, but I think the tax laws around bitcoin would need to change first. Nobody would do this if they can get taxed short term cap gains on their stash. However, if the government decides to treat it like a currency, then everything you say here will happen fast.
what is meant by 80p or what you referring to?
ADP it's a payroll company
What about Gold 🏅 🤔
Bro, i bought AMK99H in September after your video. i'm up 379%.
Because crypto has no wash rule, and no settlement time crypto traders are racking up thousands of trades, in out in out. They arent these HFT traders that submit electronic tax returns though. My 1040 had around 100 pages of transactions that would need to be manually checked. Does the IRS really want to do this? They should only tax conversion of crypto into hard goods or dollars. That would greatly reduce the manpower with the same amount of tax.
Solana, XRP, AMK99H, ETH, and more would be great.
Nice line of reasoning
Hey man, appreciate the videos. Just recently found your channel. What I’m curious about is your thoughts on taxable events. Would you say that the government not classifying bitcoin as a currency is a hurdle to get over on the path to completely moving from usd to btc? I feel like spending btc at this point just doesn’t make sense because you would have to pay taxes on every small bit of btc that you spend on any product. Thoughts?
it's a good question, definitely a friction point, I think exchanges and apps are gonna fix this soon and make it easier
im curious, and this might be a stupid question, but how much of your lifesavings is being held in btc... percentage wise?
95% currently, been at 100% alot, today today its 95%
I just have 1 issue with BTC. As it stands, roughly 1% addresses hold 90% of the supply. 0.01% holds 60%. Im a BTC supporter atm because the dollar is debt. Depreciating 98% in just over 50 years. But with the dollar, 1% owns 32% of the nations wealth, bottom 50% owning 2.6%. Neither are a fair system since people with fake fiat bought it with benefit with the fed printer, early adopters being the big winners). Eventually fed will put out their own centralized coin. They will save money and time, benefiting from what crypto has to offer without loosing control. Banks prob just be not needed. They just taking taking notes. I see bitcoin landing somewhere between GOLD (an asset that people believe in and want, thus goes up but incredibly hard to spend in daily life) and Fiat (very easy to make, reproduce, distribute, refund, spend daily)
100% it's gotta be easier to spend
Yeah that's all good for the price but I won't be waiting for legacy finance before adopting #Bitcoin myself when I can already transact at lightning speed on layer 2 with the strongest computer network in the world.
What about Etherium 🤔
Bitcoin is very slow and expensive to use!
so the usd is just gonna watch as the golden goose slowly dies ha. and ride peacefully off into that dark night. i def wont hold my breath. but will cont to fight the good fight
100%
BTC is clean money wich will bring a good time... no printing shit money
I feel like btc should be used as a savings and litecoin should be used like a checking account.
Of course Bitcoin will increase relative to the dollar. The dollar is inflating like crazy!
A century from now people will be talking this way about Satoshis. Whole Bitcoins will be a distant memory.
Hell yes $ AMK99H. Going to have a huge Q4
What's going on in the window behind you? lol
When USD goes away, how will he measure the value of Bitcoin? 🤔
boom exactly! it'll be measured in purchasing power
USD wont go away. We’ll be like every other country with high inflation. They spend in their currency and save in USD. When USD inflates we’ll spend in USD and save in BTC. Just my prediction.
@@highbrass3749 The dollar will get replaced with a Fed CBDC that kills personal freedom.
Booom!! 🤯✊️
Need to accept btc for income and property taxes and govt fees. Otherwise still need checking account . Sorry
When should i invest in BTC when i don't have yet
today
@@brainharrington Isn't it way too high rn? Also, do u think there's gonna be a pullback and if so, until where? Really appreciate your answer!
You said you think that a AMK99H will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?
BUY KASPA
Lol adp isnt gonna become strike yo
Why?
@@brainharrington its just not how payroll functions. Bitcoin isn’t going to be a currency. Its an asset. Like real estate. ADP gonna pay you in real estate? Oil? Gold? Or just dollars yo
Boring BS..lol
Bitcoin cost just to move from my left wallet to my right wallet.
Who in their right mind wants to pay a fee to move their own money from one pocket to another? Bitcoin as a technology has failed so far.
As a pump and dump get rich scheme. It is flourishing.
Dude you have no idea what you’re talking about imho. You can move a billion dollars worth of BTC for less than $10. So how much did you pay to move yours?
@@Buckshott_54 no one is making million dollar purchases everyday.
Btc was promoted as money and it has failed to scale to be so. People have to push the store of value narrative becasue that’s all they can do to keep the ponzi going
@@Buckshott_54 And it still cost more than $1 in Bitcoin to send $1 worth of bitcoin
That tech sucks!
bitcoin holds no value!! what is it backed by? y'all going to lose big!@!
SHX 🚀🚀