The "just buy good projects early and sell at the peak" advice is like saying venture capital is easy, just find good startups and exit at the right time. The ratio of successful to bankrupt venture capitalists would imply that maybe finding the right investment is the hard part...
@@aidanwarren4980 If it was that easy, then it also means competition is just as easy, and at that point, its a crap shoot again for venture capitalists.
On one hand, I find it hilarious that these people exist. On the other hand, it's really quite terrifying once you consider how many kids they're fooling who will likely be left holding the bag and losing their investment, or worse - put a bad taste in their mouth for investing at a young age while their dollars have the most potential!
@@brodelnaz I would suggest you seek help as well considering that not possessing the ability to recognize blatant sarcasm is a common trait found in those with Aspergers!
@@evanbyrne2214 saying you are terrified isnt sarcasm in any way. You just went top shelf with your words and it made you look like silly. Now you reply by calling someone mentally retarded because you cant accept your own flaw? Get a grip on reality
As someone from the literal other side of the world with a very different accent- “yer gonna get yerself thrown in gel” absolutely kills me 😂 another favourite is “rill-istate” 😂 I love it! Keep up the good work guys - all the best from New Zealand
fun idea: charity stream where you react to the S&P 500/NASDAQ charts like it's the super bowl. Bring in other (reliable) finance content creators to do shifts on it so you can really go over the top with up/down reactions.
I used blockfi for a time, I pulled out after they turned it into a withdrawal only. For a time these work, but they don't always work and it's hard to see which is a scam. That's why the safest answer is to not invest. But if you could stomach losing it all ... Up to you.
Also: Gas fees are specifically for Etherium (not Bitcoin). And if you want to buy some coffee or groceries with Bitcoin… using the lightning network is faster and cheaper than Visa/Mastercard.
@@ryanstadther Right?!? The day Bo fails to say he's excited about the topic, I'm going off to watch something else...maybe Holy Schmidt or something. 🤣
Oh yeah. Buy low and sell at all tine highs. So easy. Jeez. Get rich quick usually means someone is left holding the bag....which is about as shady as it sounds.
@@11227denis yeah that tiktok doesn’t make any sense though. Don’t buy a house that you depend on Anchor protocol for lol. What if you can’t pay the mortgage later because you can only afford what anchor gives
Thank you so much for this amazing video! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Canada -- CRA --- a gain is a gain and loss is a loss --- we are require to put it in. Maybe it is different for you. But they love to check all the time.
And to add clarity to the “Lightning Network” for Bitcoin: My coffee purchase processes instantly (similar to Visa). Then it is finalized with an hour or so. (While Visa and the bank take days to finalize)
Is it important? If you do multiple transactions per day that need to be reconciled quickly, banks have a different method of processing those. As a general person buying coffee, is the 'lightning network' actually useful?
4:15 Actually, the person making the transaction decides on the transaction fee. The more they pay, the faster their transaction gets fulfilled. But none of that money goes to the exchanges. All that money goes to the miners.
For those Bitcoin maxis that were confused about how authorities managed to take back the Bitcoin I found this: "Executing a search warrant on a cloud account held by one of the defendants, law enforcement discovered files containing the private keys to the wallet in which most of the stolen funds had been stored since the initial 2016 hack, as well as over 2,000 other BTC addresses. Using those private keys, law enforcement seized over US$3.6 billion in cryptocurrency."
Hey guys, I know how Blockchain tech works. Gas fees do not go to any company or referring person. That's really misleading and it shows you're giving advice in something you don't fully understand. The fees are handled by the network protocol and get distributed to the nodes operating the network. It wouldn't be a chosen or particular person, it's a random node in the millions of available nodes. It's not payment for a referral. The fees go to the nodes operator as an incentive to help run the network. I watch every minute of your content and love everything you do but you should look at this again. Edit: on the Canadian convoy thing you noted the government froze wallets. That's not possible. They can freeze the exchanges, the onramps/offramps. The self custody wallets cannot be touched.
I read fine print depending on what service it is. I read my bank's terms of service when signing up for everything, I don't read the terms of service on the games I play. I play too many games to bother with that.
@@voluntarism335 Bitcoin is at the 0.702 retracement. It won't break ath in 2024. It will be a long time until it's over $69k. Alt coins have better ROIs, but I wouldn't recommend entering the market right now. Not financial advice.
@@jgregg7100 Haha, are you serious? Bitcoin is literally above ath right now. The alt coin market has pumped thousands of percentages. If you DCAd during the FTX collapse, your portfolio would be exploding right now. Anyone who understands market psychology would be buying when the retail market is panic exiting. Your comment immediately didn't age well 😆
Anchor is paying an unsustainable interest amount. It was meant to attract new investors. Will be interesting to see how low the interest rate provided by anchor will go over the next 12 months and the impact it will have on UST and Luna... The interest rate is dropping at 1.5% per month until a sustainable interest rate is achieved... I'm avoiding all of these projects, more interesting projects out there with a more predictable future... GLTA
@@davidkelly1507 LOL. updating my previous comment to....."i loved loved loved anchor". 20% APY was lovely for the 8 or so months I was in it and thankfully i withdrew all my funds at the first sign of trouble so made it out unscathed
95% of new projects fail. If you wait long enough to find the gems they are already up. At that point your looking at 3-10x over a 2-4 year period. You can make some good money bit you need 20-30 year's to get good money outside of luck.
Haven’t gotten through full video but hope you also show the growth rate vs volatility . I mean what does it matter if you drop 70% of over 10 y you are up 1000+ ? (Using btc historical performance as an indicator)
When you save your money at a bank or credit union, your cash is insured by the FDIC up to 250,000 (if you need more than that, you can put it in another bank). That's not the case with BlockFi
If you don't know how a business can pay you a 15%-%2,000 yield they probably can't, they probably are selling you funny money and making real money off of you.
I'm in software so these things interest me. I buy some each month, some in Bitcoin, mostly in practical projects like eth. I think it is ~ 1/9 my automatic stock contributions counting 401k
It's easy, all right. With cryptocurrency, there's nothing there. You don't get dividends, it doesn't produce any underlying product, why bother with it? Here's what Will Rogers said, "Buy stock. When it goes up, sell it. If it doesn't go up, don't buy it."
I’m excited to see that you are looking seriously at Bitcoin. Once you really understand it there’s no going back. 4 months is still very early. Keep learning. Investigate the lightning network it solves fees and transaction times. The concentration statistics are misleading because one wallet does not equal one person. One wallet on an exchange can hold the Bitcoin of thousands of people. If your Bitcoin is being held by an exchange it’s likely that yours would be included in that 1% of wallets.
Just on the large amounts in few wallets thing - BTC is still being mined and won't be done for a very long time, meaning it will be incredibly well dispersed by the time the last coin is mined, it's like complaining only rich people had gold in the 1800's but neglecting to mention how easy it is for a regular person to buy btc - a lot of those wallets are dead wallets, meaning that the owner is deceased, lossed the keys etc which decreases supply even further from the 21 million BTC to ever exist making it a deflationary asset - whales do not mean that something is not worth investing in
@@sawyerrice3244 the supply that is released into circulation is halved every 4 years. The final bitcoin won't be mined for at least another 100 years. Plenty of time for mass adoption, spread through the population and accumulation of the every man.
Been following you guys awhile and I love you and your channel. I don't disagree with most of the general sentiment of this video, however, it's clear that you do not understand this space. As a fan I would suggest you shouldn't put out content like this until you're better versed in the field. I'd be happy to discuss this with you and help you fill in the blanks if you're interested. In the very least it will make you look more informed when producing this type of content (and may even change your thinking a little bit.)
I've been watching your content for a while now and love 90%+ of what you share. However, the quantity of things that you guys got flat out wrong in this video is disgusting. You're clearly trying to give advice on something that you haven't yet developed a good foundation on. If you decide you'd like to broaden the scope of your knowledge and are looking for a clearheaded, experienced, non-emotional discussion, feel free to reach out.
@@mace8704 there are a lot! For example the bitcoin lighting network is basically free to transact with basically FREE and is done faster than visa or Mastercard. They also recently have surpassed visa and Mastercard in transactions per second capable by thousands of times.
I have been watching Brian snd Bo for years. Good guys/intentions with their firm to serve a growing generation of investor. I have faith they will get there in time. 4 months is not enough time. Decentralized finance is inevitable.
I like you guys and respect what you guys do but you have to realize just like you advice experts to hire you. You should get experts to show you real data you guys don’t understand a lot of the things you mentioned and missed some very important features and information. Do this again but with someone that is truly informed.
@@Alan-jk1yi well, saying you have to wait a long time at the store for a transaction to take place and it costing a lot of money depending on congestion in the network. The bitcoin Lighting network is like a fraction of a penny making it literally free and instant. Also saying most of the bitcoin being held by a small percentage of wallets.
US currency has had 100 years of developing to become what we know it as today. Bitcoin and cryptocurrency alike have had under 15 years to develop. the us dollar is inflated and the economy is obviously headed to be worthless in the next 100 years. Your grandkids will see days that bitcoin is worth 500k or more.
@@grantguy8933 Ha, good point. Much better to price everything in Bitcoin or gold. Since Bitcoin and gold will be around long after the dwindling and inflated US Dollar has disappeared.
