HOW MUCH BITCOIN SHOULD YOU BUY?
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- Опубліковано 17 чер 2024
- How much bitcoin do you need? This video will help you think about the answer to this question: How much bitcoin should I buy?
This is not financial advice, I am not a financial advisor, do your own due diligence.
Instagram/Twitter: @MikeStillBTC
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0:00 1) Intro
1:47 2) Should you buy any at all?
2:35 3) Case 1
3:57 4) Case 2
5:51 5) The golden rule
7:43 6) Don't screw it up
9:26 7) Going 'all in'
11:22 8) Your global share of BTC
13:08 9) Final thoughts - Розваги
![SENDING BITCOIN TO STRANGERS [2022]](http://i.ytimg.com/vi/Idnf0BQQI04/mqdefault.jpg)
![SENDING BITCOIN TO STRANGERS [2022]](/img/tr.png)
My 2 sats:
Don't store your Bitcoin on an exchange. "Not your keys, not your coins."
Before buying bitcoin you first need to learn. Bitcoin/Fiat Standard and Layered Money are essential reading. Then buy a hardware wallet and start Dollar cost averaging in. Don't neglect traditional investments, maximise employer pension matches, invest in broad market index funds and hold these in tax advantaged accounts for the long term. Practice this and you will do very well.
It is precisely and exactly what you need to know and must do. Of course, emotions over logic, make it hard. For most people anyway.
Mike, although learning Arabic is more difficult than learning English, yet your Arabic is excellent and I can't master English. I'm KG and I mean I don't know anything in English. I'm in the third year of high school now and I got a supplement in an English subject, and this made me sad because I lost my future and my dream in a college I want. I'm missing my total, Mike, you're a great person, did 💖💖💖
The price has jumped to $22750 since you released the video! 👍
So 12% down since June. Just a bit more than the estimated annual inflation rate.
Or 65% down since Nov 2021.
It's a gamble.
If you want something that's is more reliably able to match inflation, save to buy something small and stop renting because on a 60k salary, after tax, you're spending 15-25% of that on rent a year but if you can put 10k aside in savings a year, you can have a good deposit in 3 years.
On a 5% 15year mortgage on a 200k property with 2% interest on the deposit savings in a regular account until you buy, but 10% loss in inflation per year for the 3 years, you will have.
Made (Assuming rent and savings you were making now go to the mortgage.)
Year 3
27k assets (-8% at 833deposit/month)
173k dept
9k interest.
Year 4
40k assets
160k debt
8k interest
Year 5
54k assets
146k debt
7.5k interest.
Year 6
70k asset
130k debt
6k interest
Year 7
86k asset
114k debt
5.5k interest
Year 8
103k assets
97k debt
5k interest.
Year 9
120k assets
80k debt
4k interest
Etc...
Year 14
200k assets.
Total rent saved
132k
Minus interest
40k
Savings
88k or 8k per year after tax, pension etc... which is the same as approx a 20% pay rise.
No if. No maybe.
And that assumes your rent won't go up. Even if the house prices crash soon, it has time to recover in this 14 year model.
This also assumes no pay roses which make it faster and a better deal as there is less interest.
here some tips I got forya 25 k -28k range then 12-17k range then new all time high after 2024
the bottom will be in mid September
14k range, capitulated dump,
same time the money printer's will be back on,
New all time high around April 🤔
@@globalnonsens6816 14k won't hold because so many people are calling this level.
Get ready to see a real capitulation toward 6k-8k
If bitcoin goes to $6k and stays there for more than a few days, it's over.
@@MikeStillUK 6 k not the worse case the bitcoin still work at 1 USD price the worse Case is a drop bellow 3 k that's when it's truly over with a Lil Chance of recovery but low-key 3k BTc is cheaps I will def scoop that's 3k btc
My my would you look at my prediction haha perfection
All of them.
Mike i started late exchanging my worthless € into bitcoin in june 2021 fortunately after may crash.
I accumulated 2.75 btc so far.
Still have 60k. Try to get to 5 btc.
Hope i can retire at 40 in 5 years
Well, for anyone holding some, their portfolio is trending towards 90%+ btc in the long term anyway 😂
Bingo…!
This guy became totaly crasy with the bitcoin!
Coin's got me lookin' so crasy rn
@@MikeStillUK Does it worth?
I mean, can you get a lot's of money at least?
@@pastore3830 study more.
It is possible because of this supplement that I get a failing grade and do not enter a college, and it is a year away from my age, and I cannot enter a college because of an English supplement. I suffer greatly in learning the English language
You can do it keep at it dont get flustered is the key to success!
All my friends succeeded and they are happy with my parents but I did not succeed and very sad I still have one last chance and I am not sure that I helped from an English supplement because I do not know anything in English I am afraid that I will fail a supplementary exam
Everyone learns at a different rate and sometimes the most beautiful flowers take the longest to bloom! Dont give up brother.
Miss your arabic videos!
I hope I can met with you in the real life I am a big fan of you B)
Last year i was adding £500ish a month. This year £1000. So close to a full coin.....
Im sure my bank hates having me as a customer lol
هلو مايك
I started late june 2021.
Have almost 3 btc now. They cost me 80k$ average 28k. One year earlier i would get 10-15 btc with the same money that hurts.
Still have 60k and trying to get to 5-6 coins. Hope that will be enough,
I badly want to quit working/ being a Slave in the rat race
I can only dream of reaching 3btc. well done, i think you will have enough to be set atleast in 10 years from now
How about zero, is zero good?
For you, yes.
@@MikeStillUK lol
Zero is still better than negative. 😉
@@edwardhau2795 true
Your going to want 10 bitcoin unless your married then you need 20 bitcoin so WHEN you get divorced you still have 10 bitcoin
Bro Bitcoin era is gone, there are many new projects (XDC,XRP,ALGO,HBAR...) with more utilities than Bitcoin.
Better speed transactions ,fees, not bad for the environment unlike Bitcoin, those coins are the future of a new financial system and you should invest on them no one wants to use BTC because of its disadvantages, btc is only speculation.
I don't gamble on shitcoins I only buy bitcoin. Bitcoin is the most likely to stand the test of time. Most of these coins you talk about will likely be dead and gone in a few years.
@@MikeStillUK lol Shitcoin ? XRP has more than 100 parteners including Bank of America and still in top 10 coin since 2014.Wait until crypto regulation and you'll see, btc is done it's just a bubble nothing more buying Bitcoin atm is just stupid but enjoy your loss buddy
@@Yassine34500 damn, haven't seen anyone talk about Ripple for years
@@SuperToughFish Ripple is still strong if you look since 2014, xrp is still in the top 10 on coinmarketcap, just wait the introduction of cyrypto regulation and the end of SEC case and you'll see what the real price of XRP is, but yes Ripple is still in the game
Bro, XRP is down 4% against bitcoin in the past 6 months.
Down 12% against bitcoin year to date.
Down 14% against bitcoin in the past 1 year.
AND DOWN 72% (!!!) against bitcoin in the past 5 years.
You've been scammed mate. XRP is the king of shitcoins.
Fiat currency depreciating through inflation. So you're advising digital currency as "Hard currency".
How about suggesting an actual tangible asset. E.g. Gold, copper or other resource that we know is needed for the tech obsessed world.
Far more stable.
Talking about 100x over 5 years. Suggests the market cap will be $44Tn which is 50% of U.S. GDP per year for 4 years.
Be realistic.
Gold is just bitcoin you can't send across the internet.
What if in 5 years US GDP is $50tr and bitcoin is worth roughly 1 year's US GDP. Not unreasonable, but let's see.
@@MikeStillUK Physical products with practical uses cannot be hacked or stolen by people on the other side of the planet.
Physical assets with coon uses are effectively a spread bet because let's take copper
It requires tech, telecom, electrical infrastructure, housing, EV's etc..
To crash, to loose most of its value.
Bitcoin is more volatile but the market position it's in, makes it far less likely to gain rapidly. Especially with it being proof of work in a warming climate.
Copper isn't very scarce.
The bitcoin network has never been hacked.
@@MikeStillUK The network doesn't need to be hacked. Loads of exchanges have. Do you store your coin in your own bitcoin wallet?
Copper is abundant but finite and yet the resource is limited by supply as it is not efficient to get it from most ores. So its value increases just like coal as the surface seems are mined leaving only the harder to reach ones.
If you want something that's is more reliably able to match and beat inflation, save to buy something small and stop renting because on a 60k salary, after tax, you're spending 15-25% of that on rent a year but if you can put 10k aside in savings a year, you can have a good deposit in 3 years.
On a 5% 15year mortgage on a 200k property with 2% interest on the deposit savings in a regular account until you buy, but 10% loss in inflation per year for the 3 years, you will have.
Made (Assuming rent and savings you were making now go to the mortgage.)
Year 3 (When you buy)
27k assets (-8% at 833deposit/month)
173k debt
9k interest
Year 14
200k assets.
Total rent saved
132k
Interest paid
40k
240-132=108k money from 11 year's salary added in. 833/month.
Savings
65k after taxes. That's the same as a 15% pre tax pay rise.
And that assumes your rent won't go up in 11 year's and the house price won't increase. But are likely and owning a house works in your favour for both.
This also assumes no pay rises which make it faster and a better deal as there is less interest.
Might not be a bad idea but with a 3 or 4 year time horizon I would rather save in bitcoin than GBP.
Houses are getting cheaper when priced in bitcoin.
@@MikeStillUK I doubt I'll remember. But I've set an alarm with a link to this video and will come back I. 3 years time to see how we're doing.
:-)
Ill stick with being poor and waiting for the collapse
60k salary is rich to me lol
@@NeanderthalDogma
To wait it out, suggests you keep paying rent. If you are looking for s historic worst case level, you are looking at 16% over 3 years.
Causes for collapse are down to supply and demand.
So either:
A lot of owners die.
A lot of owners default on mortgages.
A lot more houses get built.
Demand to buy drops massively.
As deaths and births aren't changing rapidly, 2&3 are left.
Since materials have been a limiting factor to new builds at least in Europe, option 2 remains.
With mortgage collapses, banks reduce lending which reduces new build rate.
So it's unlikely to be a historic collapse.
Is you're renting for 2-3 years waiting for this, that's 18k or 9% of the value of a 200k house you could have been in without all the restrictions of renting.
Plus with a fixed price mortgage, you would avoid rent hikes as landlords try to make money to stay afloat.
Buying now is still a pretty sound option.
Waiting is a risk.
Inflation is eating into house values compared to some assets, but since wages aren't keeping up, that really just eats away at your disposable income, reducing saving rates to make a deposit harder.
Please let me know if I've missed something.