I've Made Over $100,000 in Bitcoin!
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Calling Dave about your crypto is like asking your toddler about parent advice.
😂😂😂😂😂😂😂
Or listening to keyboard warriors in their moms basement on hot stock tips. Who spent enough on a credit card to get points so they could afford the next game console.
@@justinacase2623 what kind of boomerism is this?
@@AlternateKek The kind that has zero liabilities and 7 figure net worth!
@@AlternateKek broke boomers 😂😂😂
See you all in two years when this gets recommended again.
LETS CHECK BACK IN SEPT
@@dhid2184 yup
@@imagine7964 what's going on in sept?
@@nicholasolivas317 that's expected to be the peak of this latest bull run.
Based upon proportion of time from the "halving" of supply event.
@@alexish3751 yup
Perfect example of someone who made up their mind once and never thought about it again.
More like, perfect example of someone who made up a story to help fuel this most recent hype pump.
Perfect example of someone who does not move with the times. TH-cam was built with DEBT!
@@notreally2406 I think it’s a publicity stunt too
This did not age well
@@Baguepii DUDE ! I hope he did not listen to Dave - Dave thinks his word as gospel
This video won't age well.
It already hasn't :D
His 100k would be 360k today
This video won't age well is toooo funny to me!! lolol
🤣🤣 Dave thinks this young man just ruined his life...🤦🏿♂️🤦🏿♂️ BEST DECISION HE EVER MADE
I think Dave will be vindicated on this one.
I hope TH-cam reccommends this when BTC is at 300k
😂😂
LOL for real
At the moment, it is at $32,000+.
@@giles1989 actually at $34k
@@shaunmorton1027 Thanks, even better.
There's no point in asking old people for crypto advice
Tbh!😂
Facts
I’m old and I agree 😂😂
His sell is someone else’s (read: large investment funds) buy
That’s fair
Telling him to cash it all out tonight while it’s in a major bull run is the worst advice he could give. Hopefully the caller didn’t do it.
tf are you saying? I don't agree with Dave's opinion on Bitcoin in the slightest, but it you are up almost 7000% on investment, don't get greedy, just cash out and enjoy your winnings and pay off debt + reinvest at a later date. You cash out in bull markets and invest in bear markets, not the other way around.
@@gioc610 Cash out around12-15 months after the halving. This video was posted when BTC was around $23k and we all know what price it hit spring 2021.
The guy that sold it already lost money. Ramsey’s advice is like listening to blockbuster ceo about Netflix.
This seems like the most accurate comment in here.
This comment is genius
This old boomer says that comment is lit! If we don't have the right answer to a question we research thoroughly to find it, or defer to an expert who does know. That guys 100k in December 23rd money is 133k two weeks later......
Dave seems a bit jealous. The caller sounds young.
Cash out 20k for your basic expenses and hold the rest. Dave is so old
“Short term investment” he’s been holding for almost 7 years
@Edward Skywalker 7 years is not short term
7 years is short term.
@@claumerkl9154 that’s over 2/3rds of the assets life. 7 years in crypto is unheard of this guy held through some crazy dips.
7 years is long term. Even legally the IRS says more than 1 year is long term.
Smh 7 year is beyong long term in the crypto world ^^
This video won't age well. I personally guarantee it.
It already hasn't.
I agree
You cant guarantee anything don't be arrogant
@@Josh-gk3gk Found the weak hands.
the value of BTC increased by almost 25% in the 4 days after this video was posted.
I highly advise you to not listen to someone that has no idea what they are talking about.
Looool nailed it mate haha
Its irrelevant what a clueless person thinks
Actually, it's the opposite: the real risk long term would be not hodling BTC, and holding on to dollars instead. Let's say the caller put that $1500 in a safe 6 years ago... It would have less worth today then it did back then because prices of nearly everything has increased due to inflation. But he put his money into BTC which cannot be printed or counterfeited by the Federal reserve, so his investment went up nearly 100x. Stock to flow ratio... Finite BTC will continue to rise compared to seemingly infinite dollar, billions of which are printed daily, although there will be ups and downs along the way in the BTC price. The reality is, BTC is becoming more and more scarce and expensive.
The caller should not cash out his BTC especially since it is now entering a bull run and perhaps cash some of it out when it gets to at least 50K or even 100K so that he can buy more BTC later on if the price falls again . But even if he doesn't touch his BTC, he will be ahead...possibly one day if a satoshi (10e-8 BTC) or the other more scalable alts are actually used as currencies as the dollar becomes worthless as it has steadily done so since the government continues to "stimulate" economic downfall and the Fed continues to counterfeit more every day.
This guy knows what’s up
I used to laugh at ppl who said this and now I HODL btc and eth hah
👍
@Far7rom still up 10x from five years ago even if you don't play the obvious cycles... nothing has a better risk premium, model it yourself
This is literally the worst advice.... DON'T CASH OUT! you will regret it
@@gedeo Still falling prey to the sunk cost analysis thing Dave is talking about 😂
These guys have no idea what they’re talking about. I do think you should take some profits though maybe 25% and hold until the next big run to $100,000
@@abcd123906 he’s gonna be taxed on that 100k, Dave gave bad advice, just HODL and it will keep going up tax free
Dave Ramsey literally always gives terrible advice. (Debt snowball instead of paying off highest interest debts first for example.) It only seems like some of it is good. If you are really scared, cash out 25% just in case, keep the rest on the table, and let it ride. But, you WILL be kicking yourself for even taking out that 25% some day. You'll be like "ouch, if only I kept the ENTIRE amount in cryptos."
Another way you are burned by cashing out as much as you can immediately: TAXES. If you want to avoid TAXES, you'll cash a little each year, not all at once. Uncle Sam sucks.
Take out 50k, leave 50k to let it ride
This should be titled "Dinosaur gets salty over young man's gains"
Dave just mad he has weak hands. Prolly bought all time highs and then sold the dip
They have never seen anything close to those type of the returns and they got salty very fast. 🤣
exactly
@@yadimelfig Yeah. Its defiantly obvious how bitter he is. Like hes just had 10 lemons stuffed in his gob.
Why would he be salty?
Get rich quick?!? Took him 6 years buddy
Imagine if hed bought more! wow
6 years is NOT a long time when it comes to building wealth slowly
Took Warren Buffet longer to make his first million. You don't understand anything about building wealth.
@@i2mee please, you would've sold in 2017, this dude has hands of a God..
"I've made over 100,000 dollars in crypto over 7 years with just a 1500 investment"
Dave: "That's strange and bizarre, run away now its a bad long term investment"
and get rich scheme .. u didnt spend like 50 yrs like boomers do
lol. bad advise. i agree too..
Dave: “Cash it all out tonight!”
Caller: “hahaha”
Dave Ramsey just showed the world how dumb he truly is! lol
@@diamondchannel5689 the words of a noname from internet...
Dave is very smart when it comes to real estate and the stock market. But most of his net worth has been created in his brand, his books, seminars, elp fees, etc. he’s not dumb, he’s ignorant when it comes to crypto. He still sees it as drug dealer and money laundering money
Dave’s advice is geared toward people who are completely illiterate financially, people who need have it explained to them why it’s better to buy a used car with cash rather than a new car with a loan. Thus these crypto currencies are beyond the scope of his message.
@@DMaster81 fair, fair. not disagreeing with you on that
These people dont know anything about crypto and blockchain
Or charts
It makes a person wonder why he would even comment about an asset he clearly knows nothing about.
That caller should HODL that $100K in BTC, it’s exponentially more likely to become $300K this year than become less than $100K
They are boomers. What do you expect
“I’ve talked to a lot of people who have been burned by this”
While it’s sitting at all time highs. Anybody who purchased in cash and didn’t overleverage and auto liquidate themselves is now on the money. Literally 100% of people.
I’m starting to realize Dave is just a shill for mutual funds. And I’ve been a fan of Dave’s for a while now
BTC is pure speculation... Even if you think BTC can hit 100k in the near future, I can tell you that there are several stocks that will outperform that growth in the same time period. Unlike BTC, you can actually do a risk/reward analysis on those stocks and add them to your portfolio accordingly.
People that put a significant percentage of their net worth on BTC are simply gambling and what's worse is that you lose even if you make money. If BTC goes down, then you lose the money you gambled and if BTC goes up, you start validating your unintelligent investing behaviors which will bite you in the future.
@@incawarrior5470 what stocks will at the very least 4x within a one year span?
@@incawarrior5470 you're missing the point. Unless you understand the context of why btc gained significance especially in 2020 it'll always be a speculation to you.
Dave is getting paid to steer people into equities. He’s like any other investment adviser you’ve ever met.
@@carlthegoat1 Just look at Upwork, Tesla, Docusing, Zoom and Fiverr. These companies have done similar to BTC or better in the past year. You can go look at penny stocks (which I don't recommend) and you'll find other that destroy BTC's performance.
I mean, this is not a rare occurrence in the stock market... You can argue that some of those companies are overpriced but that's the beauty of the stock market; you can actually do those type of analysis.
This guy is crazy telling him to sell at the beginning of the bull run
He is not known for being intelligent
I hope the guy didnt sell
@@closingdealz I don’t think he did, he just laughed off Dave’s advice at the end lol
@@closingdealz i hope he did 😼
Who's crazy now. Dave was right.
That laugh the guy gave after Dave said to cash it @ 1:20 was like "haha never cashing out hodling to 0 or infinity lol"
He ain't cashing 😂 out.
That was a r/wallstreetbets laugh. He ain't cashing out
I’m confused though. Why is Dave getting so much pushback. 100k is A LOT. Theoretically, at what other point would you want to sell?
@@wittyusername9544 he is looking at it correctly as a negligible $1500 amount. He doesn't care what the balance is. Dave would of given him the same advice a few months ago when btc was at $10k. This guy can hodl on if coins hit a million. It's a lot easier if you have other appreciating assets or good passive income or millions already.
Cash out 50% and hodl 50%
Just say you don’t understand cryptocurrency and move on Dave. I work for a large crypto platform where we only deal with institutional investors and this is not a game, not a scam, it’s legit. Either learn or pass on giving out bad advice.
+1
Thanks man 👍
Yesssir
Wow they don’t understand asset vs currency. Bad advice. Take 1500 and leave rest in is winklevoss asvice
He IS and will ALWAYS be clueless about the gold rush of this millennium. Very ego-centric individual, costing his loyal tribe their chance in life.
The only reason I would ever listen to Dave Ramsey is to get rid of DEBT. That’s it.
Exactly
His $100K is now worth $228K, as of 4/13/2021.
👍👍👍💰💰💰
DONT CASH OUT. At least keep 1 BTC worth!!!
Dave’s ego will never let him admit he was dead wrong about crypto.
🤣🤣 I don’t know about “dead wrong “ but yeah crypto will have a place in our lives today .
exactly. i will never listen to a dave video again because of this
@@TheBoliviaShow take his debt advice but forget all of his investing advice. He's living in 1990.
Facts
if you invested in crypt 2 months ago you´d have 300% gains Davey!👌
It’s actually enraging to me that Dave has such a strong opinion on this topic and he doesn’t even thing Daniel will be able to cash his btc out. Face palm
Not to mention they act like it’s a “get rich quick” scheme. This guy literally gave it a long investment timeline, six years isnt gambling
RIGHT!!! That clearly shows he is uneducated on this. He can have that money sitting in his regular old bank account within a week.
This poor guys gonna cash this out and then wake up a year from now realizing he would have had half a mill. Probably a lot more...
Something tells me he wouldn't cry over it but should probably take profit
@@jonathanarroyo7430 Let me rephrase. I would cry. We're nowhere near the top.
🤣 Hey look at the Dow
These guys are so clueless on Crypto it's pathetic.
They are judging it before taking the time to learn how it works. Should people listen to someone who does that?
They are more wealthy and knowledgeable than you
@@barackobama7255 but not on this particular subject and should’ve admitted to it.
@@barackobama7255 Uh oh someones but hurt.
@@te179 Whatever you like
This will be a fun video to come back to in a few years.
When BTC hits $500K..what will Dave say then?!? 🧐🧐
@@jonathangordon997
Say same thing 😂
17k June 2022
@@allprolemontonz8448 I said a few years, not a few months. Come back to this comment in 2025-2026. See you then. 🙂
I've been a religious watcher of Dave & Crew for years, but this video was a huge turn off. Its obvious they know nothing about crypto. "If you can find someone to sell it to". Really? Jesus. They have that little working knowledge of the market and are giving advice on 6 figure trades. That's not acceptable. There is no shame in saying "I have no idea how crypto works". Instead to go this route is pretty unbecoming. I hope he didn't sell. The market is up huge even 3 days since the video was released. Just a big yikes overall
“By nightfall cash it”. Worse advice ever
"by nightfall" LOL
Dave putting his histrionics and neuroticism on display.
now its crashing LOL. they were right
@@NU__SKY And it’s back up to over 40 K per coin, they were not right
The worst advise from Dave I have ever heard
So you didn’t hear yesterday when he told a guy to spend his life savings on a woman’s debt ?
@@darknotion5915 girlfriend. Remember the guy was talking about proposing
Something something credit cards
Check out his advice to a women who invested in gold.... he told her to sell 100k worth at a loss by now she would have 4x it lol
They say don't invest in real estate with leverage and you have to marry someone to be a legit couple and this is the worst?
It’s really sad Dave hasn’t educated himself about cryptos yet.
Just shows you how early it still is.
Yah fr it's not that risky
I think he is putting on an act. Not sure why though....
For sure. I understand why he’s skeptical since it’s volatile and people use it as a get rich quick scheme, but it’s easy to cash out. He really should learn more about it before he gives advise.
Yeah I keep wanting to say "Ok Boomer"
Boomers getting salty because the missed out. Its really an embarrassment at this point to watch these two try to talk about it.
I would definitely pay myself at least the 20k and then risk the rest. Secure what you invested plus more and then enjoy whatever else may potentially grow.
Exactly what i would do too!
@brianvalez can you please reiterate what you mean by that?
@@zachiro-88bean30 he would cash out 20k and will leave the remaining 80k .
Selling any btc right now is a fools move. They print dollars it’s not real money
@@caulijutsu1575 isn't it still volatile?
That laugh after Dave said to cash it said everything that needs to be said by someone who has been in crypto for 7 years.
Couldn’t have said it any better myself
Unfortunately i was too young to get in on btc when it was cheap, i still invest in crypto and even bought stuff with it, fractional reserve banking only lasts so long
They are so uninformed... Boomers will always be a boomers. Scared of something they don't understand
To be fair, I'd say Dave is closer to Gen X.
Which means he should know better.
@@rodjacksonx well its mainly about the rich not wanting the young and poor to have the opportunity to wealth
@@theshoronatheshorona8282 You have got to be kidding.
@@rodjacksonx no he’s not!!!!!
@@rodjacksonx Gen X refers to the generation of Americans born between the MID 60s and the early 80s. Dave is born in 1960. He's a boomer.
Ummm... they tell him to go sell immediately realizing a massive capital gain and then remember oh yeah maybe talk to a tax professional. That is really quite backward. Talk to a tax professional first (one who understands crypto) and then plan your exit if that is what you are going to do. Selling “tonight” has tax consequences that may largely be ameliorated if his income is dropping significantly in the new year. This clip is cringe on so many levels.
Would be worth ~$350k today. Hope that guy didn’t sell.
$1,500 in Dave’s favorite index fund for 6 years would yield about $500 max.
LOL... or lose that much during an extended recession.
@@DoritoWorldOrder nah
🤣👍
@@gedeo 🤣 as if he had enough power to influence the price. Michael Saylor couldnt even get a blip on the chart with billions of dollars of investment.
Hahaha
Dave doesn’t think he can cash it out lol 😂
HILARIOUS
For around $600 each I think.
sad aint it
yes like what 😂
I'm gonna buy the dip, if it happens again. We will see soon....
Here's what you do: follow Dave's advice to get yourself out of debt. Then stop listening to whatever he says. Go elsewhere for investment advice.
I'd be way more scared having $100,000 in my bank account than in BTC
Facts
For an asset that’s done nothing but go up, people sure do perceive a lot of risk.
It dropped a lot at points in time but I think what people are more weary of is where it will be when it settles.
It fluctuates a lot which makes it look risky, but time has shown that it hasn't been bad so far.
Roller coasters go up too. Then they go down once they run out of track going up.
So? Dave’s own advice is that based on the past performance of the stock market you should buy and hold in mutual funds. BTC has had a shorter tenure for sure, but it too has only ever gone up over time.
that's cuz it's not an asset or at least not worth much on Main Street. Now if you could buy stuff at the store with it using Apple Pay/Google Pay, etc it'd be a different story.
The market fell 25% in a month and Dave said “leave it in”. This kids made 10,000% return over 7 years and Dave says it’s volatile. Makes sense...
Well it is volatile. That being said I don’t think he should cash it all out.
Dont forget funnymoney, ohh that was a good one
Its volatile it ..large corrections happen often. That said if hold it's going I think way higher
@rabbi Steinberg I need an answer rabbi
@rabbi Steinberg
What do you mean you cannot cash it out? Just go to an exchange and sell off. And if your positions is so huge that you fear you won't get the liquidity then sell off in the OTC market.
Lol these guys are so out of touch with the modern world
I was starting to be a fan of Dave, but this was such a let down.
Just use his advice for paying off debt. Nothing else.
Absolutely agree 🤦♂️
Don’t pay off your house though. I did that but I’m taking out equity on my house to add to my passive income. Go listen to rich dad poor dad radio.
Major let down! Worst advice ever. It doubled from $21,000 to right at $42,000 after this video was aired. The guy could have had $200,000 hopefully he didn’t take Dave’s advice. If I had as much as that guy has I’d just hold onto to it till it’s enough to retire on.
These guys have no right to speak about btc if they didn't even know how easy it is to buy and sell! I love Dave but this is nonsense
I agree to this
Dave is great for financial debt advice. He's not wise when it comes to where to invest your money though
@@leeger777 tell that to Microstrategy or Raul Pao
@Bryan J you completely missed the spirit of what I meant.
he thought it was like a ponzi scheme where somebody is left holding the bag. I don't think he realizes there are literally billions of dollars in volume and he could cash out instantly on a regulated exchange like coinbase etc.
This is going to age great.
Like fine milk :)
I’ll follow the money thanks, big tech and banks.
I do get it though to be serious, even as someone who KNOWS the USD will lose value and thus scale up Bitcoins value, it’s really hard to conceive it, we have had a century of the current economic system. I believe since it’s inception a decade ago BTC is the best asset for investing in history?? Now Dave I know like real estate and I think that’s a fair way to think, but I’d be to nervous as the boom in housing makes zero sense, record job losses, further lock downs incoming, weaker USD yet housing skyrockets???
I’m looking for hedges for the USD right now, Gold is not showing it is, housing can and should have crashed, lots of $$ flowing into BTC.
Crypto period is the future of money and with it will come an entirely new economic system, AKA “The Great Reset” which the news won’t cover for some reason but IS coming.
do you guys work for the government?
fools
😂😂😂😂
^sarcasim
@@mr.rothstein461 not even the people behind the “The great reset” have specified what it entails. The videos aren’t clear, detailed nor objective enough to know it’s actually happening, it will happen over the course of things evolving as it has happened ever so rapidly since the industrial revolution, not just because some button will be pressed or something, which they make it seem like as they present their concept.... but I definitely agree, digital currency will evolve and gain a huge market once more than half the population has a steady and complete access to global network. It will take time but it will get there gradually.
I made 12 million dollars with Ethereum, who wants to interview me
BRO CALL DAVE AND TELL HIM THAT
Daves big head won’t let the call through
That's awful. If you would have invested in low yield bonds and index funds you could easily have easily been a millionaire by the time you're ready to retire... People need to start learning to listen to Lord Ramsey
If he sold he would be down thousands at this point. This video is not aging well.
So sad that he hasn't educated himself about btc...
Where can I learn
@@Dark_Souls_3 watch Michael saylor, he’s articulate
My thoughts exactly.
yeah, if he took a gamble and invested 100k in 2013 when they were $22 each, that would be worth over 100m today, and ofc he was rich enough to take that gamble like its pocket change.
The powers that be dont want the masses buying it yet. You can get free education on Coinbase and free crypto 😮😇🎀
>"rich quick"
>(it was a 6 years long investment)
@Edward Skywalker he held it 2/3s of the assets life that’s longterm relative to the vast majority of investors.
Not only that, this is one guy who it worked for, how many of them bombed.
Have 401Ks been a bad deal for someone, I am sure, but not for the masses unless unkie Sam gets his hands on them.
Dave is only going to teach safety in high percentages. So someone hits it big at the horse track one day, is that the advice for investing? Of course not.
@Edward Skywalker It is *literally* legally defined as a "long-term" capital gains. You are clueless. Utterly clueless.
@Edward Skywalker you're stuck with word-play and trying to beat you own made-up argumentative goals (beating up your own strawman), since you're the one stuck with "long-term" term. Your note has no value whatsoever - besides being wrong as appointed by the comment above.
Exactly!
They grew up in an ice age
Well you just lost this guy a lot of money
Remind me of this video in 1year.
This is so bad, the disrespect with "If it's really there", millions of computers have confirmed the money is real CONSTANTLY, for seven years, not a good look ramsay!
He's just uneducated on the subject and doesn't understand how it works, further reason for him to not give ANY advice on the subject.
@@pepsico815 So, a guy worth 200 million, probably has the best investment advisors money can buy has no clue? Sounds logical to me.
@@justinacase2623 it is so ridiculous how all these mom's basement investors who bought a couple coins a few years ago and gained some money on this Ponzi scheme ferociously defend their idol every time someone doubts about the idea to invest into a pyramid scheme.
@@DenisShch93 Ponzi scheme? Thanks for showing us all how uneducated you are, too.
@jody Jody *facepalm*
Dave Ramsey is an unintelligent dinosaur! Cash out BTC to Fiat is the dumbest statement I’ve heard this year lol. His brain might explode when he hears about stable coins!
Lol
Run away for sure. But do the running from their advice. "I hope you can cash it out?" It traded on regulated exchanges 24 hours a day. It's clear they don't know what their talking about.
"I've talked to a lot of people that have been burned on this."
Translation: "I've talked to a lot of people with weak hands."
Every person who bought is now in profit.
Truth. They did what he says not to do with stocks. Sell when it dips.
Yup prolly talked to people that baught in at the peak of 2017 bull run
@@b__w_4565 and that's their fault
@@itrebor that's what they always say in the peak.
Whoever screens these calls isn’t doing their job. This was obviously just to rile up Dave haha
I think you are on to something there...
He probably has close to 150k now if he didn't sell as Dave told him to.
easily.
40k today
yea 200k by now
Dave does give good advice for idiots. Only an idiot would call Dave. Dave mostly gives advice for what should be common sense. So while paying off high-interest cards first makes more logical sense he tells people to pay off the smallest one first because they are most likely morons who can't handle more than one thing at a time.
Worst advice ever! They guy only invested $1,500 if he holds onto it it could end up retiring off of it!
That $100,000 is now worth $147,000. One week later. Great advice, Dave
I believe the caller said he made $120k. But Dave calls that $100k for some odd reason.
If I were that dude I would cash out $75,000 and let the rest ride for another 5 or more years
I did $50k and diversified into ETH and a few others as well.
You need a better plan than that if you ever want to be successful in investing. Pure hopium
Exactly what I was thinking. If BC dips, you still have 50k. If it rises, you get another 100. What’s to lose?
I like this show but there are some things that I really couldn't disagree with Dave more on and they are his stance on crypto, credit cards, and mortgages.
But you have to remember he is not saying that all Americans have problems with credit cards or spending problems, he is saying that his advice is for most Americans not all Americans. You evidently then do not fall into that category so his advice may not be applicable to you. No harm no foul
@@bluecollarboys6294 i dont remember what video it was but he did say something along the lines of that you (nobody)should have a credit card because you can do everything with a debit card you can do with a credit card and no one has become a millionaire from using a credit card.
@@MrCasatony nah I dont leverage i dont trust myself that much
I don’t buy into the “you shouldn’t invest until you’re completely out of debt”. I think you can do both but keep it at a minimum.
That's one of the funniest things I've read in a long time. You like Dave but disagree on his entire platform. His entire platform is about no debt, no debt, no debt and don't buy investments he don't understand.
The only good advice this guy can give is about paying off debts. Because when a guy advices you to invest in mutual funds, you run.
100%
Dave has NO idea what he's talking about...
Ha ha ha ho ho ho. That's why this guy laughed too. He already knew the answer.
When you give advice on things you don't understand
Hopefully the caller ignored this terrible uninformed advice
Asking boomers about crypto advice...I hope the caller calls back in late next year and tell them how much more gains he made holding BTC.
I honestly wouldn’t call Dave about investing. He’s good for getting out of debt but not for investing
I’m heart broken that he’s cashing out
nope, fud
take it out... and put it in dividens.... so he can have a small paycheck each month...
@@gedeo 82... why
Never thought I'd ever say this about Dave and Chris but in this particular instance, they dont know what they are talking about.
I'm kind of surprised Dave still has this video up at this point.
I’m not surprised
This guy calling in is for sure not a HODLER lol
Haha
He's held for some years though
More like an accidental HODL.. holding from 2014 until now is actually insane, just about no one could do that unless they forgot about it or something.
@@Michael-kv5ff hodler not holder.
😜
Cash 70%, invest it in dividend stocks, let the other 30% BTC ride the market. If it crashes to 0, he won 70k, if it keeps going up, he'll gain more.
Nahh, btc wont crash to 0
This is the only sensible approach. Cash out a profit and put it in boomer mutual funds. Hodl the rest. Unless you have a better short term use for that money, like funding your own business.
I agree on this plan. Cash out a percentage, especially if you can use it to pay off all/most debt. The rest can stay and do what cryptocurrency does
My thoughts too
I hope he didn’t sell! This is probably the worst advice Dave has given to someone
Asking Dave about Bitcoin is like asking the dinosaurs about meteors
Dave is good at savings advice not investing advice
@defiiiant No Dave is correct about tax-advantaged accounts (pretty basic stuff) but he is generally wrong about portfolio construction and investment selection. He has very dated (1990'ish) investment advice. Dave's advice is very helpful for people who are financially illiterate and undisciplined, in Saving & Getting Out of Debt, but less so for Investing.
Does Dave believe in working a job you hate until you’re 75 years old and finally then become a millionaire? That sounds horrible.
@defiiiant nobody has the “best” advice. Just watch a variety of smart people and form your own opinion on investing
@defiiiant The Money Guys have good investment advice. They give different strategies based on the account it’s in, how much risk someone can tolerate, etc. They also explain why international funds are basically a bad investment in 2020. Dave hasn’t accepted that yet. About half of Apple’s profits are overseas. You have international exposure by buying all domestic stocks/mutual funds in 2020!
It's always smarter to listen to someone in the comments rather than a proven track record from a multi-millionaire..
I don't know what I was thinking facts on Deck you opened my eyes 😏
I'm not saying there aren't crypto scams. Or people being really dumb with crypto.
But this guy cash out half of it. Just so he knows he's made a really good profit. Then have the rest sit there
Don't worry the IRS will help him out!
@@justinacase2623 huh?
@@dominick951 Al Capone, sound familiar?
I actually recommend cashing out about 90% of his gains -- keeping only about $10K in BTC. Of course, any debt he has should be paid off, and anything left over should be rolled into diversified stocks backed by good companies with solid earnings.
@@tshandy1 and u are?
This guy made 100000 from 1500 and these guys are telling him hes crazy? Whats crazy is these guys think it was a fluke.
I've got $90,000 today that I spent $3500 on. If I had listened to Dave's advice in 2017 I wouldn't have any of that. Sometimes, Dave is just wrong.
Sometimes?
2 old people who dont understand.
And not only do they not understand, they go out of their way to not study it and dismiss it as some kind of get rich quick scheme. The kid bought a small amount 6 years ago thats not rich quick imo.
@@thelmac228 This is what Warren Buffet and Bill Gates do as well. Not educated and don't care for change.
This video has aged like milk
Crypto is the future. Fiat is dead. These guys are dinosaurs.
This guy probably bought 6-7 BTC IN 2013. Cashing it out would be no problem. I know because I trade this stuff all of the time.
Ramsey and Hogan are digging their heals into the ground and are too proud to admit that they were wrong.
Where and what panelty, from btc to usd?
@@jenkrash8122 Cash out on any of the big exchanges, i'm not sure why people think you can't cash out. These crypto's are actively traded with huge volume 24/hrs a day on exchanges.
@@skrobo21 Seriously. There are equities for major well-known public companies with much lower liquidity and daily volume compared to BTC.
Don’t do it!!!!!!! Your $100,000 will be worth $1,000,000 some time 2021. No joke.
lol yea right only in ur dreams
Well hope he sold it. Also all you guys that used your student loans to buy I hope to god you sold it. Student loans not forgivable in bankruptcy.
how could anyone have been burnt when it’s only ever gone up, even those who bought in 2017 are up 30% if they held, by design it should move up with inflation
Well maybe he means people trying to mine the coins, or whatever. My BIL bought a bunch of equipment. It ran in the basement for 6 months. House was COOKING hot even with AC going. Electric bill through the roof. After 6 months didn’t find any. So gave up. But luckily he’s wicked rich, a CEO, a stock market investor for fun, etc. So he’s fine. But others could be burnt in that way.
This dude really called to get his ego massage
Exactly
Right? He literally laughed when Dave said to cash out. Duuude what did you expect?
Yeah and his stupid laugh makes his face so punchable. 🥴
Right. Dude made it seem like he bought a $10 lottery ticket then went to sleep for 7 years and just decided to check today if the numbers won.
@@wittyusername9544 - It happens all the time in crypto. (A friend of mine just dug up an old coupon I sold him 5 years ago with 0.5 BTC on it. I suspect he just ignored my rather detailed instructions on how to secure it, and just tossed it into the back of his safe and forgot about it.)
I like Dave but disagree with them on this. If it was up to Dave, he should’ve sold when his investment was $3,000. Find a middle ground. Pull some profits every now and then, and HODL the rest
Dave is guided by principles - smart!
Funny, what kind of investment advice does a guy worth 200 million get.? Better than you get!
@@x-ray3749 That was my point re( principal) *principles - right or wrong, in this case or not. The principal here is not having 50 percent of your net worth in one stock. PS I have had plenty of dumb luck and I do not wish to repeat it even though good things came from it.
@@justinacase2623 no need for you to be a sycophant
I started my journey listening to Dave Ramsey and he doesn’t understand Crypto like he didn’t under Apple and Microsoft
The pain of losing $100K is MUCH more intense than the fun of making $100K. Best of success to the caller!
The funny this is, everything they say about crypto is what they said about the internet 😂
What do you mean what did they say?
Don’t forget they said it about online dating too
And Wikipedia
Crypto definitely has a place in our future world 🌍 however it’s most definitely not the replacement of our existing currency.
1995 - Nothing can replace a magazine or newspaper! 2020 - Nothing can replace paper money!
Why wouldn't he be able to cash it out???
No reason at all. He doesn't understand what he's talking about.
It's a scam investment.
Because it fluctuates so fast. It could be worth 500 tomorrow.
@@justinacase2623 Who's scamming who?
@@savagedragon79 or ZERO
Don't confuse high volatility with high risk. They are not the same.
Hmmm. Thats one to mental note on.
What does that EVEN mean
Dave would never make those kind of gains, he would’ve sold at a 2% gain or loss
Lol
Cash out half and keep half just in case BTC goes to 100k 😂
Lol. He should leave at a least a little in there. Leave 5 grand & who cares what happens to it, he already made 100k
That part!
It wont go that high under Biden
@@oneaboveallferrarifan2725 It’ll go parabolic under Biden Administration! Just go watch who he appointed in the treasury!
@@oneaboveallferrarifan2725 Right. The Biden admin will hate to print money
It's easy to hate something you don't understand.
This didn't age well...
I don’t sign into TH-cam often, but when I do it is to down vote the video.