Back in 2022 when btc was at its cycle low, people were saying btc is done for it's going below $15k US it's going to zero. Well it's down 10% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape…
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
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.
A few months ago I was watching your videos each day you put them out. Enjoyed them. Haven’t seen them since then in my feed until today. Weird. Because all I watch is bitcoin videos. Keep it up man
Starting to get burned out as I’ve been working tons of overtime so I can stack btc heavily since mid 2022 and will continue to do so until September this year. Gonna take a break as I’m happily with my allocation and slowly DCA out of my ALTs. In the next bear I’ll use the profits from my ALTs and buy more bitcoin.
I get what you're saying but I do it a little differently. I figure out how much fiat I need to pay my bills then the rest goes to Bitcoin. This prevents me from having to do multiple exchanges. Once I can pay all my bills with Bitcoin I'll do what you're talking about.
Totally I think that makes sense, I like that flow too, and I like that you have a plan Like multiple paths work and the mindset of which one is your base money is the most important thing we need more and more people to capture just like you're saying
I've had both, I've done it both ways, it varies for me based on how solid our jobs and cashflow are. My base case I love to be in is all in bitcoin and holding emergency fund in bitcoin
5:28 Great advice! However, the thing for me is; Yes, showing the full circle is great and all, but why spend in the stacking phase? That coffee is going to get you lunch in a while and dinner some time after that. Or is it just the cost of showing what it is capable of?
Super good question. I'm trying to reframe that there is no spending phase and stacking phase. They can both happen at the same time and showing the full circle gets bitcoin deeper into your personal finances and that mental deepness leads to stacking more than considering them separate phases In a super tactical sense, just take $25 that you would have used as USD to buy coffee. Buy bitcoin w/ that $25 and then buy the gift card. That's how you rip the band aid off for the first time. Consider it a fully separate exercise from your DCA as the first time. Then it'll all start to blend together more.
Hi brother really enjoy your content just subscribed but please help make listening a more pleasant experience by getting the echo down on your audio! Thanks
Yes I love this idea but, if you put your whole pay into BTC let’s say 1000$ a week And after 6 months BTC goes up 50% Does that mean you pay capital gain each beer you buy with your BTC ? Like how does it work
Yes, what he fails to account is you still have to pay CGT on any asset that is converted into dollars, which is considered a taxable event (also tax nightmare). Unless you directly purchase with bitcoin through merchants that accept it. E.g. a coffee shop has to accept bitcoin as direct payment from a hot wallet using the lightning network, which results in only pay the mining fee through the lightning network using a QR code.
Hey Brian, so we have all of our savings in Bitcoin. Everything else is equity in our house. Im fantasizing selling our house and living in an RV for the next 5 years so we can buy more Bitcoin now. We can retire now if I do that. I keep wondering just how delusional I am. It could set us up for the rest of our lives. What are your thoughts. Oh we are both 60 years old
@@Gtrdood Yeah, My parents did it for 5 years traveled the US and bought a house once they were over it. My big thought is the current bull run and getting as much out of it as possible.
So I personally love the real estate/bitcoin combo play, I personally really love owning a home. I think if you love where you live and love your home you should keep it no matter how old you are. I think if you're leaning towards wanting to live somewhere else and if you like you said you saw your parents do the RV thing and they enjoyed and you think you would enjoy it then for sure the buying bitcoin w/ the proceeds of the house sale would be really exciting. So I'd ask it in two parts 1. Would it be cool to buy that big of a chunk of bitcoin and hold it for five years? Definitely! 2. Do you like where you live? and love your home? or feel like moving anyway even w/o the bitcoin buy?
@@chelleha-mo8bdmore people use Bitcoin the more we need Bitcoin friendly Policies and Politicians. 🎉 therefore more friendly Tax environment and Crypto or Bitcoin services.
@@brainharringtontrue, but managing the exchange, the transaction buckets for cost basis separation, and inventorying it all for audit purposes is not an easy task. And, I can imagine, an audit explanation could be a nightmare. I want my long term savings to be FIFO, spending to be LIFO, and potentially situations where “long term” cap gains liquidity as soon as it hits, so as-hoc. Haha! And sats to cost basis isn’t necessarily an easy thing to inventory if you have an active buying/spending habit. APIs with exchanges have been a nightmare. Tax tracking software buggy. Yup, eventually, but with price discovery and multiple crypto usage, bugs can be costly and is aggravating. I don’t know how traders do it!
we really need to push for some loophole for the Tax issue tho in the US . Its crazy how strong this community is even when uncoordinated . Imagine concerted efforts !
My only holdback to direct depositing BTC is not having the ability to write checks. I write very few checks, but not having that ability would be incredibly inconvenient.
That's exactly the mindset shift that I'm tackling USD is a side chain of BTC, there is no phase in the future where bill pay magically makes sense It can work at anytime for any person Bitcoin can be held in your direct deposit account and then USD/ACH network used to pay Tesla right now before they get up to speed on taking bitcoin
@@brainharrington Q Bitcoin = USA 🇺🇸 😎 Ethereum = Europe 🇪🇺 ♥️ XRP = BRICS (Asian nations) DOGECOIN = currency of the regular people of the world 🌎 👌 Q❤
Hey Brian, solid video! What is your opinion on KAS? It seems like it runs on the narrative to be „the digital silver to Bitcoin“ and solves the trilemma and therefore is more capable of being a day to day medium of exchange. Idk if you aware of it, but I am really interested in your opinion on it! Greetings from Germany!
hey thanks for watching, I'm not sure about KAS, don't know anything about it, tell me about it, I just visited Europe and the Munich Airport for the first time last month
@@brainharrington Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin - proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi. Thats from their website, it is really worth to look deeper into it imo because it really seems to have a lot in common with BTC but is trying to improve on BTCs "weak points" and also has a great team
Bro you should filter all the spam in you comment section even if you think it's helping your videos do better in the algorithm it makes it hard to find useful connection and makes your channel come off as cheap even if your message is good.
@@brainharrington In youtube studio go to settings>community. In the defaults tab turn on comment moderation and try that. Since youre a finance channel the bots just pick whatever rug pull coin or person selling a course, so you could also use an automated filter and scroll down to blocked words and enter whatever specific name they're shilling that day. Works very well I've used it on my actual channel whenever I have an issue with bots.
Let’s say you get paid fiat every fortnight…. You put the whole thing into getting BTC and then using that BTC regardless of the ups and downs to me makes a lot of sense… 🎉 now that to me sounds like the step in the right direction… probably find out I have more Stats than what I do traditionally speaking…. 😂
This is reckless advice, before you all dump your entire salaries into BTC, every purchase you make that is converted into the dollar is considered a taxable event. Unless the merchant directly accepts bitcoin as payment through the lightning network only then that is considered “tax free” in which only the mining fee is deducted from it. Unless you live in countries like El Salvador where BTC is accepted everywhere, only then it would be appropriate to convert to a 100% BTC savings portfolio.
@@brainharrington 😁 I had some and sold at $70k to roll into XRP and QNT. Will roll them back into BTC after they outperform it over the next year... ... hopefully. 😬 🤞🏼
Q: Will Bitcoin 'BCH' follow Bitcoin 'BTC' from $460 to $70,000 ? (given enough time and the prices BTC is expected to reach) Bitcoin Cash is up over 300% in one year, around twice as much as BTC... The BCH chart and price looks like Bitcoin in 2016 BCH has the same genesis block as BTC The same miners The same halvings The same 21M max supply 🍿
Get a 20,000 sats bonus with your first purchase at Fold use.foldapp.com/r/brainharrington
Back in 2022 when btc was at its cycle low, people were saying btc is done for it's going below $15k US it's going to zero. Well it's down 10% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape…
@DonnaMikalonis
she's mostly on Telegrams, using the user name
The internet is filled with so many useful information about Donna Mikalonis crypto..
The fact that I got to learn and earn from her program is everything to me think about it, it's a win-win for both ways.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
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?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
A few months ago I was watching your videos each day you put them out. Enjoyed them. Haven’t seen them since then in my feed until today. Weird. Because all I watch is bitcoin videos. Keep it up man
Boom glad to be back in the feed, got some offline details in place and we are back!
Starting to get burned out as I’ve been working tons of overtime so I can stack btc heavily since mid 2022 and will continue to do so until September this year. Gonna take a break as I’m happily with my allocation and slowly DCA out of my ALTs. In the next bear I’ll use the profits from my ALTs and buy more bitcoin.
I get what you're saying but I do it a little differently. I figure out how much fiat I need to pay my bills then the rest goes to Bitcoin.
This prevents me from having to do multiple exchanges.
Once I can pay all my bills with Bitcoin I'll do what you're talking about.
Totally I think that makes sense, I like that flow too, and I like that you have a plan
Like multiple paths work and the mindset of which one is your base money is the most important thing we need more and more people to capture just like you're saying
Brian, great content but the audio on this one ?
how about the audio in every single one of his videos? He should be stacking microphones, not just BTC
yeah gotta upgrade the air pods!
Do you have an USD emergency fund? Or just dive into BTC?
I've had both, I've done it both ways, it varies for me based on how solid our jobs and cashflow are. My base case I love to be in is all in bitcoin and holding emergency fund in bitcoin
@@brainharrington Food for thought. Thanks Brian.
taxes? Please address taxes in the USA when spending btc.
5:28 Great advice! However, the thing for me is; Yes, showing the full circle is great and all, but why spend in the stacking phase? That coffee is going to get you lunch in a while and dinner some time after that. Or is it just the cost of showing what it is capable of?
Super good question. I'm trying to reframe that there is no spending phase and stacking phase. They can both happen at the same time and showing the full circle gets bitcoin deeper into your personal finances and that mental deepness leads to stacking more than considering them separate phases
In a super tactical sense, just take $25 that you would have used as USD to buy coffee. Buy bitcoin w/ that $25 and then buy the gift card. That's how you rip the band aid off for the first time.
Consider it a fully separate exercise from your DCA as the first time. Then it'll all start to blend together more.
@@brainharrington Reframing like that can really be an eyeopener. Thanks for that and the practical advice!
Hi brother really enjoy your content just subscribed but please help make listening a more pleasant experience by getting the echo down on your audio! Thanks
Good call!
Hi Brian is 0.03 a comfortable amount for me to just hold and forget about
Should I take out a loan?
Yes I love this idea but, if you put your whole pay into BTC let’s say 1000$ a week
And after 6 months BTC goes up 50%
Does that mean you pay capital gain each beer you buy with your BTC ? Like how does it work
Yes, what he fails to account is you still have to pay CGT on any asset that is converted into dollars, which is considered a taxable event (also tax nightmare). Unless you directly purchase with bitcoin through merchants that accept it. E.g. a coffee shop has to accept bitcoin as direct payment from a hot wallet using the lightning network, which results in only pay the mining fee through the lightning network using a QR code.
@@DylanDominguez1 cheers for the reply mate 😅👍 hopefully one day it will b like that
Just a friendly suggestion, i can barely hear what youre saying with the echo. Cheers
Cool hat. I think that statement would make some people think twice, about how they see Bitcoins potential 🤔 😊
Love your videos!!!!
Thank you really appreciate it
Hey Brian, so we have all of our savings in Bitcoin. Everything else is equity in our house. Im fantasizing selling our house and living in an RV for the next 5 years so we can buy more Bitcoin now. We can retire now if I do that. I keep wondering just how delusional I am. It could set us up for the rest of our lives. What are your thoughts. Oh we are both 60 years old
Don't. You don't want all your eegs in 1 basket.
Dont risk money you can’t afford to lose , unless u live in a country with a trash currency never put all ur money in bitcoin
Living in an RV would be hell
@@Gtrdood Yeah, My parents did it for 5 years traveled the US and bought a house once they were over it. My big thought is the current bull run and getting as much out of it as possible.
So I personally love the real estate/bitcoin combo play, I personally really love owning a home. I think if you love where you live and love your home you should keep it no matter how old you are. I think if you're leaning towards wanting to live somewhere else and if you like you said you saw your parents do the RV thing and they enjoyed and you think you would enjoy it then for sure the buying bitcoin w/ the proceeds of the house sale would be really exciting.
So I'd ask it in two parts
1. Would it be cool to buy that big of a chunk of bitcoin and hold it for five years? Definitely!
2. Do you like where you live? and love your home? or feel like moving anyway even w/o the bitcoin buy?
How do you file taxes for capital gains doing the direct deposit to BTC and spend it for coffee/dinner/whatever? Last-in first-out?
No one ever talks about this. Every time you spend btc or other crypto in the U.S. you are taxed. What a nightmare.
@@chelleha-mo8bdmore people use Bitcoin the more we need Bitcoin friendly Policies and Politicians. 🎉 therefore more friendly Tax environment and Crypto or Bitcoin services.
I talk about this, I talk about how it doesn’t need to be a nightmare
You can pick which cost basis you want
@@brainharringtontrue, but managing the exchange, the transaction buckets for cost basis separation, and inventorying it all for audit purposes is not an easy task. And, I can imagine, an audit explanation could be a nightmare. I want my long term savings to be FIFO, spending to be LIFO, and potentially situations where “long term” cap gains liquidity as soon as it hits, so as-hoc. Haha! And sats to cost basis isn’t necessarily an easy thing to inventory if you have an active buying/spending habit.
APIs with exchanges have been a nightmare. Tax tracking software buggy. Yup, eventually, but with price discovery and multiple crypto usage, bugs can be costly and is aggravating. I don’t know how traders do it!
we really need to push for some loophole for the Tax issue tho in the US . Its crazy how strong this community is even when uncoordinated . Imagine concerted efforts !
Totally, it's like how real estate investors have done
My only holdback to direct depositing BTC is not having the ability to write checks. I write very few checks, but not having that ability would be incredibly inconvenient.
agreed paper checks at some point would be awesome
I appreciate you.
back at you! thank you!
By the time you pry btc out of me, It will probably be to pay my monthly tesla robot bill.
That's exactly the mindset shift that I'm tackling
USD is a side chain of BTC, there is no phase in the future where bill pay magically makes sense
It can work at anytime for any person
Bitcoin can be held in your direct deposit account and then USD/ACH network used to pay Tesla right now before they get up to speed on taking bitcoin
@@brainharrington
Q
Bitcoin = USA 🇺🇸 😎
Ethereum = Europe 🇪🇺 ♥️
XRP = BRICS (Asian nations)
DOGECOIN = currency of the regular people of the world 🌎 👌
Q❤
@@brainharrington please make a video showing this.
Nice Hat 🤓
100K!
I'm buying the Revux RVX token, I believe it will yield at least 100x this cycle.
Hey Brian, solid video!
What is your opinion on KAS? It seems like it runs on the narrative to be „the digital silver to Bitcoin“ and solves the trilemma and therefore is more capable of being a day to day medium of exchange. Idk if you aware of it, but I am really interested in your opinion on it! Greetings from Germany!
hey thanks for watching, I'm not sure about KAS, don't know anything about it, tell me about it, I just visited Europe and the Munich Airport for the first time last month
@@brainharrington Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin - proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi.
Thats from their website, it is really worth to look deeper into it imo because it really seems to have a lot in common with BTC but is trying to improve on BTCs "weak points" and also has a great team
Bro you should filter all the spam in you comment section even if you think it's helping your videos do better in the algorithm it makes it hard to find useful connection and makes your channel come off as cheap even if your message is good.
Agreed how do I do that?
@@brainharrington In youtube studio go to settings>community. In the defaults tab turn on comment moderation and try that. Since youre a finance channel the bots just pick whatever rug pull coin or person selling a course, so you could also use an automated filter and scroll down to blocked words and enter whatever specific name they're shilling that day. Works very well I've used it on my actual channel whenever I have an issue with bots.
Let’s say you get paid fiat every fortnight…. You put the whole thing into getting BTC and then using that BTC regardless of the ups and downs to me makes a lot of sense… 🎉 now that to me sounds like the step in the right direction… probably find out I have more Stats than what I do traditionally speaking…. 😂
Exactly! Seeing how much your whole net paycheck is in sats is eye opening
kinda silly
Wut is?
I want that hat!
I love it! $100K!
Very interesting…. But I’d still rather DCA my fiat paycheck daily with FOLD auto stack than wait for my employer to deposit every 2 weeks.
This is reckless advice, before you all dump your entire salaries into BTC, every purchase you make that is converted into the dollar is considered a taxable event. Unless the merchant directly accepts bitcoin as payment through the lightning network only then that is considered “tax free” in which only the mining fee is deducted from it. Unless you live in countries like El Salvador where BTC is accepted everywhere, only then it would be appropriate to convert to a 100% BTC savings portfolio.
21M or die trying.
Let’s go!
WHAT!! I'm so confused.
On what part? Ask a question
Ride the bull run with Revux, sale ends soon
I think you need to exercise more patience. Bitcoin’s time will come, need more railways and infrastructure.
I own 0.0000% Btc 😊
Nice that’s a great starting point
@@brainharrington 😁 I had some and sold at $70k to roll into XRP and QNT. Will roll them back into BTC after they outperform it over the next year...
... hopefully. 😬 🤞🏼
@@dont.ripfuller6587stonks
I enjoy your videos but you've got to get some better audio. If you make it easier to listen, more people will listen.
Q: Will Bitcoin 'BCH' follow Bitcoin 'BTC' from $460 to $70,000 ? (given enough time and the prices BTC is expected to reach)
Bitcoin Cash is up over 300% in one year, around twice as much as BTC...
The BCH chart and price looks like Bitcoin in 2016
BCH has the same genesis block as BTC
The same miners
The same halvings
The same 21M max supply 🍿
probably not but it's a good question, thanks for being a subscriber
Check the price of bch against BTC. Not fiat. Bch is dying
I'm at the point where I'm swapping 1 ETH per month from my ETH stack into BTC to gain another BTC
Who's stacking besides the oligarchs. People tend to forget bitcoin narrative was originally for the small guy/gal.