The Ramsey Show Talks Crypto | Ep. 15 | The Best of The Ramsey Show
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- Опубліковано 20 вер 2024
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Shocking, Dave said he didn't think the Internet would work. Now he thinks Bitcoin won't work. A tale as old as time
mmmh Dave is not the only person in the field not advising to invest in crypto. It is a widely controversial investment
@@thhanh1003Blackrock and Fidelity have moved to the crypto side. Not controversial anymore.
This aged well . Fidelity ETF bitcoin up lol. Its here to stay weather you believe innit or not .
Dave, is bitcoin real now that 11 ETFs have been approved by the SEC?
Dave: sell the SEC
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
I spread out my $25k portfolio across various markets to diversify my investments.
That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.
Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!
NFT time share is one if the funniest things I’ve ever heard 😂😂😂😂
Totally concur. NFT': a super-duper copy of the original? Umm... thank you, no.
People believing cash has value is one of the funniest things I’ve ever heard 😂😂😂😂
I know that was hilarious lol
Just bought the dip.
will you short the vix?
Did you remember the chips?
Someone once said don’t invest in something you don’t understand or know about. Feel for the people who have lost and hopefully get it back.
Buffet
@@John-Adams-Can Thank you, I just couldn’t remember who.😊
I invested heavily into Bitcoin cash during FTX collapse. I am now the first millionaire in my Mexican American family. Will sell later this year
Dave is enjoying this it’s so nice to see him laugh.
The laughter was only temporary. Crypto goes in cycles. Learn to recognize the beginning of a bear and a bull cycle and you can make a ton of money off crypto. Bitcoin is now up over 80 percent since this video. I don’t see Dave laughing anymore. The crypto millionaires will always laugh at Dave.
Yep Dave likes to say I told you so when it goes down yet if you don’t sell it keeps going up over time. I’ve bought steadily for 4 years and I’ve made 3 months salary of profits in the past week. Those of us that never left are the one’s laughing now 😂
Bitcoiners will get the last laugh 😂😂😂
@@jeremytonucci2415 lol... my brother called me today and literally regurgitated the same thing.. haha!! He owes me 5k so I told him "invest it in crypto and transfer it to my coinbase account instead". He said "I only have about 1k now". I said "I thought you said you had 25k in crypto right now? " He wouldn't touch that.. haha.. I told him Dave's quote "Rich people ask how much, not how much and how long." My brother replied "well, normal people say 'eat the rich'". I asked how that was going for him. Oh ya, you came to me for a 100k loan and promised 15% interest... and now 3 years later no talk of that interest..
Bottom line, poor people that buy crypto try to get everyone else to buy it so it goes up. Rich people buy crypto to prove them wrong.
no one will buy things on the internet... Is what they said in 1999
Noticed Dave had been quiet on crypto lately…
Someone should explain to Dave that there are far more people with 401(k)s than other investments. That’s the reason there are so many millionaires from 401(k)s. Doesn’t mean it’s the best way to become a millionaire.
Great to see Dave with belly laughs! Made my day . . .
"Now the grand babies and Shih-Tzu play with them!" 🤣😂🧡
Who’s laughing now in March 2024? 😂😂😂😂😂😂😂😂
I can answer that. Everyone that invests in it😂😂😂
Lmaoooooo
I just invested in it. Let’s go bitcoin
Who’s a crying pink wojack in Summer 2025?
Today bitcoin is the 9th largest asset in the world with a 1.32 trillion market cap. It is about to pass silver at 1.39 trillion. The S and P 500 is number 21 at 468 billion.
And tomorrow it will be worth half.
@@trentgasperson4508Do you actually ACTUALLY think burying your head in the sand and pretending Bitcoin is just some joke/fad/cult will make it so? Because I hate to break it to you, but it may very well be the global reserve currency in your lifetime. Have you ever actually tried to educate yourself about BTC or are you content with being smug and ignorant like Dave Ramsey in perpetuity?
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading. This can only be done by a professional financial adviser.
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2020, mind if I looked-up this one coach you use?
I began accumulating wealth when I started following up my investment properly,
Please how do I reach him?
You can communicate with him on IG, with the username below.
"Old man yells at cloud" incoming 🤣
Curious to hear Dave's take on the FTX debacle.
I like Ramsey alot; have learned things from him; but I am not walking away from crypto and NFTs. It is speculative; but I do believe there will be a very bright fututre for blockchain
And hundreds of thousands agree with you, that means there is value in the decentralized system and it will never cease to exist it is permanently planted into our lives and it will only get bigger and better!
I was thinking of buying bitcoin when it was at 15k, but I saw a ramsey clip and decided not to.. bitcoin is currently trading at $63K and climbing...
Worst decision of ur life ….. it’s still not too late it will 10x or even 100x by 2025
Predictable Dave. Let me guess. Good growth stock mutal fund only. As for me, decentralization.
Dave needs to get with Ramsey Solutions and ask which Blockchain they will be eventually running on.
Just like how he prob didn't believe in internet in the 90s and early 2000s. Now his business is entirely running on internet outside of radio but im sure most of his viewers on tuning via internet.
Exactly 👏🏽
@Danny however he is successful. Let me know when your “Danny Channel” explains blockchain, perhaps I’ll tune in and learn something
@@deadliftdavis it is obviously ethereum
When is Dave going to react to FTX filing bankruptcy?
I’m waiting for that 😂
Next episode for sure.
Scandal hasn't broken yet as of this recording?
HA!!!! George's comment on NFT Timeshares!!! A sense of ownership of a sense of ownership! Brilliant - I'm writing that down.
That was brilliant. I laughed as hard as Dave.
That was hilarious
Theres two things to remember :
Dave Ramsey is great giving financial advice on fiat related topics ( ie getting out of credit card debt )
Dave Ramsey is NOT the person to look into with cryptocurrency / blockchain . ( study Bitcoin & youll understand his stance on it is absolutely incorrect )
We need Gazelle Coin: decentralized from debt lol
After watching Ramsey for so long... I sold everything and bought a yacht and became a pirate.
Use a hardware wallet. The exchanges get hacked and people lose $$$.
Dave definitely has crypto. Guaranteed
If he had bitcoin he want more people to buy it.
What's your thoughts on crypto now and bitcoin etf's
im wondering the same
Watching this in March 2024. Bought Bitcoin at $16,000 between $20,000 and its in the $60,000s. Ramsey is dumba*** haha
How many Dollars will a gallon of milk buy? How many loaves of bread does a Dollar cost? A gallon of milk and a loaf of bread have the same value they did 100 years ago. What is it that is changing in "value", and how is this not theft of wealth or being "scammed"?
NFT timeshare 😂😂😂😂
Trading options or futures is totally different then buying btc... please do a deep dive and stop listening to this boomer...
This episode is not going to age well🤣🤣🤣
How so?
Really
Lol he goes “bitcoins hot cryptos hot” if he actually looked at the chart the day this was recorded was like basically the low on btc. He really is an old head. Btc and blockchain is the future lmaooooo
@@ricksgiggle8852 Have a look at the charts
@@jacobborer8753what’s your net worth?
All bears and HATERS come out when things get ugly but they hide pretty good when the grass come back to its color. 😅😅😅😅😅
Good luck to all this channel followers getting 9% return in your money. I hope you be happy when you retire at 65.
***CRAZY ADVICES HERE***
I know right. OMG Bitcoin crashed almost 80%, hahaha I was right. Told ya so.
Um you realized it's still up 500% from the previous 4 year low?
Dave saying the internet would fail says it all lol
Everyone thought that once upon a time.
We are still early and this video wont age well
“I thought the internet would fail, who would want to build a website? But let me explain why cryptocurrency will fail” lol he never learns
@@AresHitsClips exactly!!
💯
Never give up on God because God never gives up on you praise God praying for everyone everyday God bless you all
Hail Satan
What a life you must live buddy
One thing you can draw from what Dave says when it comes to futures (options) is not to be a buyer, but a seller. Warren Buffet uses this to earn extra money in stocks he wants to buy and if he is assigned.
11:50 when u nothing about trading. I know why people call it pure gambling.
"In the land of the blind, the one-eyed man is king"
All Dave knows is mutual funds. Does anyone under the age of 65 even watch this show? 😂 Guy is a blank slate when it comes to crypto. Good thing I don't take boomers like him seriously 😂
not every crypto currency is strictly currency, there are legitimate tech projects behind crypto tokens and currencies. Meaning there is actually real world utility behind many crypto projects so you are investing in a company similar to purchasing stock in a company
I love the fact they havent talked and shit talked crypto since february right before it rallied and recovered a lot of its price to 31k. These guys are going ti be orange pilled so hard like Larry Fink CEO of the worlds largest asset manager of $10 trillion Blackrock
Seriously, and 4 months latter we sit at about 52k😂
Thomas Edison University teaches Critical Thinking I’m a current student and loving the class.
Who needs a pink Cadillac, when your whip is a verde lantis lambo. But, who needs the lambo ... Assets over liabilities.
Welcome FTX investors 😄 😆 🤣
Lehman Bros investors has entered the chat
Maybe enron...no theranos...no bear stearns.
I would love to see DR talk to Coffeezila. That would be an impressive interview.
If you're not sure how many millions are in a billion you're in the right place for financial advice with Ramsey 😂... reaching $1m through your 401k by the time you're 65 is not terrible but definitely not the same as what people think of when you talk about millionaires. And that difference should be made clear. You have to start a business most of the time to actually become a millionaire before you're about to die.
Most 65 year olds still have 20 years left...
Whats your net worth?
I rather put my money in a deflationary asset like Bitcoin then an inflationary fiat system like your 401K 😂 These guys don’t understand how important scarcity is and BTC is the most finite asset there is…..there will only ever be 21 million BTC…..there’s around 55 million millionaires and there’s not enough for everyone of them to get even 0.5 BTC…..let that sink in for awhile !!!
You are right those guys have no clue what they are doing, Dave only has a net worth of 200 million.
Scarcity is meaningless without demand
Have you seen the demand lately ?
Yep and Micheal Saylor is clueless too, he’s only worth 1.6 Billion
Don't think you're smart just because you made a few dollars in the last month. If you're investing in crypto, be prepared for the value to tank at any time. You may have to hold off selling any crypto for 3-5 years if the market enters another "crypto winter" like we just saw.
The idea of cryptocurrency isn’t a bad one but the execution of it has been lacking in a big way. The problem is the same problem that always follows speculation- greed.
true, the idea is not bad but the execution is really terrible because people nowadays even developers prioritizes their own self-interest and greed.
People say that about socialism as well yet it has never ended up well everywhere it was implemented. Same with crypto
Overfunding a cash value life insurance policy is another safe way to become a millionaire.
Can you get into second hand smoking in the metaverse? 🤣🤣🤣
I think eventually people are going to be carried out on stretchers over cryptocurrency
How so?
Don’t put a lot of faith on Bitcoin being there when you need it but you can count on a long term investment of it a 10 year tack record exist do with that what you want 🤷♂️
I understand why Dave is not a fan of crypto, but I'm curious if he's more flexible about it now that (Bitcoin/Ethereum at least) has surpassed a 10yr track record. 10yr is a minumum when looking at mutual/index funds.
Cause he’s a boomer. He doesn’t understand it and all boomers think they’re right all the time.
You can be a virtual investor in farming...owning virtual land, earn virtual money. Our society ..young investors went directly to the nut house.
They went to the bank buddy not the nut house
Fortune favors the brave -Matt Damon
But not the stupid.
Tulip bulbs!!! They are coming back. I feel it!!!
Happens
Sorry Ramsey but crypto went up 160% since this aired I hate when you're wrong
Didn't they laughed at Henry Ford. Get yourself a horse. Lol
Dave says he didn’t believe in the internet when it started………….. just saying once he goes down the bitcoin rabbit hole he won’t come back up. Although if I were him I wouldn’t endorse anything other than what made him rich.
Old people NEVER appreciate new technological ways off life until they’re already here. Then they outsource and ask for help.
Facts
I understand tulips
This ought to be interesting.
I've doubled my money on 4 coins, then converted it to usd and deposited it into my bank account.
Those coins are going to 1000x and u will cry in regret for selling
@@luisfernando5998 I have my life savings in a different coin, so I'll be laughing all the way to the bank brother. I support crypto.
4:19 Typical Ponzi scheme
Bitcoin has made an all-time high and is the best-performing asset in the last 10 years! And by the way, people have lost everything investing in stocks (options) too.
This won't age well 👀
One day Dave, the blockchain will be the way to buy real estate. Smart contracts are the future. Who needs a real estate agent or a lawyer when smart contracts will make them superfluous?
How will a smart contract take away your need for a lawyer or a real estate agent?
@@Chessdude4 great question, you have a centralized means of listing your property. Let's use zillow for an example (even though it will be something new).
That property is listed, you pay for the property, it's all recorded on the blockchain. With properly created smart contracts this is all possible. A blockchain is basically a glorified immutable ledger. You would remove the need for middle men (lawyers and RE agents). This is a very basic explanation and does not go into the intricacies of centralized vs decentralized or even a breakdown of smart contracts.
@@Nafy.Gaming So, if the goverment build a blockchain we all become slaves instantly...
This is already aging like a fine wine 😂😂😂
@@Nafy.Gaming i mean...a lawyer and/or real estate agent does far more than manage escrow or collateral. There is nuance.
Now it’s time to buy
Yep! Minority mindset.
That’s actually something that might happen, nft timeshare
It's all about diversification. You can use most of your portfolio for slow, boring investments and the rest in crypto. Bitcoin is the best performing asset of all time. It has has more gains in the last 13 years compare to the S&P in it's entire lifetime. You laugh at it when it crashes like it's never coming back. Those are the times to buy. I have done well with crypto. It hasn't made me rich, but I have put money in multiple times and took out my original investment so everything I have is free money (minus the capital gains tax). I have multiplied my money with a few easy and slow crypto trades while my 401k, Roth, and brokerage account has just seen very slow and steady growth. I will stick to doing both, but anticipate that the crypto will make me much more money when it's all said and done.
Verde Mantis ... y'all know what I meant
Dave: Can you become a millionaire without ever owning real estate?
Yes.
Why certainly you can become a millionaire. The 401k has made many.
Definitely. In fact, I will go to the extent of saying that the investment vehicle doesn’t matter that much. What matters most is being debt free and being consistent in investing. Yeah…If you invest in a bank CD, your returns are going to be low. But even if you did that over a twenty year time period, you will have a significant amount of money.
Theoretically yes. But its a whole lot faster to buy one property (your house) and have no debt on it. As far as being a millionaire without owning any rental property, absolutely yes.
I never moved out my first home since 1990, my colleagues call it, sitting in butter.
The amount of "You just don't get it" from a bunch of probably broke kids in the comments is pretty cringe.
I’m not broke and you just don’t get it.
When your ad hominen remark contains the word probably, you definitely do not get it! I'm not broke either!
🤣I’m far far from broke or a kid but clearly “you just don’t get it”
I have made 400% profit in the past year. I am 40, far from a kid, and you surely don't get it. You will use crypto and blockchain without even knowing it in the future. If you use credit cards, you use crypto. These guys should absolutely not give advice on this tech. That's cool though, keep sitting and judging others.
BTC continues to soar despite short lived bear cycles. What started at .008 in 2009 is now climbing over 70,000 dollars. Apparently you don’t get it either.
I made over 40 thousand dollars off of crypto And with my savings I just paid off my house 😆😆😆
Remember back when there was hate in the comments against Dave, calling him an irrelevant boomer. Now who's laughing?
@boldsign apparently you didn’t look very hard. There were people saying this video wouldn’t age well when it first posted a year ago. Now there’s people like me who have come back to laugh at it as bitcoin is up 180% since the video was made. I’ll be back when it hits new all time highs😂😂😂
@kevinshaw8655 it's getting pretty close now 😂
@@creativesuit1930 yes, definitely getting close. I think it will correct back to 48-50k first if I had to guess and then it will blow past 69k real soon
I love the Ramsey Family 🥰
Well, what's the point of becoming a millionaire by 65 to die at 67?
Well said. . Building wealth while improving health
Most millionaires don't die at 67. The wealthy tend to live longer. That is another reason to be financially wise while a person has youth and health.
That's better than most of the population. Very few people ever reach millionaire status in their lifetime.
Eat more vegetables
It sure beats being broke. 🤔
JESUS CHRIST Died for our Sins According to the scriptures and that he was Buried and that he rose again the third day praying for everyone everyday God bless you all.
Amen
Ok
God bless you
According to the scriptures 🤔 interesting
Amen God bless you all
This dude still lives in the 80s.
No pink Cadillac but a Lambo
Buy the dip
This dip, may be dipped for many years
For what chips?
@@amireallythatgrumpy6508 🤣🤣
6:33 Love Dave, but the fact that he didn’t think the internet was gonna work let alone change the world makes me get why he doesn’t believe in crypto
Even though many calling it dead it's worth 15k
😆.
But how many bought into it at 3x the current price?
@@eurekahope5310 idk, how many bought in five years ago when it was 90% less? It's like stocks, how many people bought a bunch of Meta at $350 six months ago?
Ha Ha It's not worth the code it's made up with.
@@eurekahope531015k to now 52k in one year, glad I was buying at 15k🙌
Yeah inflation dude. Of course there’s record millionaires
This didn't age to well...
Yikes this aged like spoiled milk. Bitcoin went up about 100% in february march 2023 and is settled at 26-27k now readying for the accumulation phase before halving in April 2024
You truly think Bitcoin will maintain that value? It's doing the exact opposite of its original intentions, which I don't think is sustainable. Furthermore, if Bitcoin becomes a widely used currency, then be ready for that price to crash. On the other hand, if you bought into it when it first came out at well under a dollar, then you've done excellent. Cash out and do some real investing.
@vintagecollector5340 lmao how stupid do you feel now bud? Bitcoin is at 52k now! It's 17k from all time high while it's cycle low was 15.5k which is now 37k away! We are much closer to breaking higher than ever before ans bitcoin is now worth over $1 trillion
Most offices still have fax machines...no need to explain them.
Remember everyone, Dave's biggest study of millionaires ever that he's so proud of is only .016 percent of the total amount of millionaires in the world
Remember, everyone, numbers NEVER begin with a decimal point. You mean 0.016 percent. .016 is not a valid number.
@@amireallythatgrumpy6508 My friend, that is exactly what my comment says
@@ricky-snickle1753 Nope, you said .016 which is not a number.
It literally says .016 percent read it
@@amireallythatgrumpy6508 whatever you say Karen
Check out these two dinosaurs!
Poke fun if you wish, but those two dinosaurs are very financially successful.
@@vintagecollector5340yeah cause they’ve had life served to them on a plate.
@@dakotathompson8062 If you were a businessman who had a son or daughter of your own who had the urge to learn business and investing, wouldn't you help them? You can't really fault a father for helping his son. It's what a father should do. Obviously, he did an excellent job.
@@dakotathompson8062 Are You really faulting his father for his success? 🤣
The scary thing is NFT real estate actually exist right now lol
Actually no it doesn't. It's make believe. That's what hilarious about it. People pay a lot for nothing.
@@willarmendariz7663 you might want to rethink that with Roofstock onChain
NFT timeshares are real.
Welcome to the Metaverse.
In 30yeras all young men he's talking about will be 50-60yrold. It will be different world. So he's technically wrong
Why buy a timeshare of an NFT? Why own something you don't understand when you cam buy 1/12th of what you don't understand for 1/10th the price....and pay me a management fee 🤣😂🤣
Y'all have no idea about the space so I already know how this video is going to go lol.
These going to age very bad
Ok its a year later lol bitcoin still going up lmao
Oh yea and black rock bought let me see SEC approved , recognized by the stock market
The fake laugh needs to be improved
daves missing out on crypto and its too bad for him. he will never back peddle. what kind of guy dismisses bitcoin which is best performing assets EVER !, how do we call this guy a professional...hes not, hes a dinosaur.
Bit-connnnnneeeeeeeeeeeeeeeect!...
2008 financial crisissssssssssssssssssss