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ULTIMATE BITCOIN BUYING GUIDE-When to BUY, How Much, #DCA #CNY Trading Strategies, Tips & Tricks

Feb 22, 2022
hello everyone welcome back guess what fomo season is again so in the last few days a lot of good news has come out everyone is now asking how do i get into

bitcoin

can you believe it? don't have enough or don't know how to get in or don't have

much

to buy or how

much

to allocate this video is going to tackle all of that very quickly and it'll be about 10 minutes but it's going to be a fun ride so everyone thanks for joining but without further ado let's get started immediately. This will be the best

bitcoin

dollar cost average

guide

for fomo times.
ultimate bitcoin buying guide when to buy how much dca cny trading strategies tips tricks
Very important because there is no point in putting 50 dollars in a week at this stage. of the game

when

we could be on the brink of something pretty big so just looking at some of the numbers right now I think Bitcoin is up almost $2500 today and of course Ethereum is up over $150 in just a day which is a big greater than 11 mov So things are in motion again I don't know how long this will last but I'll cover some of that in the video as well so let's start again as usual first of all there will be a lot of numbers here but numbers are important to us to ensure our financial freedom so bear with some of the numbers so here we are this is what they call fomo times everyone is afraid of missing something and

when

that happens , people start to panic and don't. act rational and they seek too much excitement so this will be a

guide

to help everyone calm that down and find a way to get bitcoin in your wallet for you and your family as easy as possible.
ultimate bitcoin buying guide when to buy how much dca cny trading strategies tips tricks

More Interesting Facts About,

ultimate bitcoin buying guide when to buy how much dca cny trading strategies tips tricks...

To go by historical videomind I have two videos on bitcoin price predictions the important thing to note here is that we are seeing on average bitcoin could easily hit 208 000 by the end of this year that's a 6x of where we are today if you actually look at an average average of all the bitcoin price predictions from the top 35 analysts so that's important now if you go further each day this new forecast comes out i posted a few things recently on my page patreon and some of those estimates were absolutely insane so I won't go into those right now and they're not really included in this analysis but again think 100 to 200 000 is pretty achievable so 3x to 6x and where are we , so keep it in the back of your head but what's really important is to think about the long future of bitcoin and just look at all the money printing that's going on look at the ines stability in markets like gold the sky has to be blue so let's talk about some good news so bitcoin is highly volatile so what I like to do is place orders with limits and get fields during the big weeks dips if you look at just the month of january you will see four times where bitcoin dipped only for a matter of minutes or an hour or so it's called a big wick and you can if you have your cap placed correctly you can get fills, so again four times in 28 days now it's possible let's talk briefly about the power of dollar cost averaging so everyone for those who don't know what dca is dollar cost averaging is where you allocate a certain amount of money each week or every month or every paycheck and you agree to say fifty dollars a week 100 a month 500 dollars a month whichever the case and you just set it up in your currency based system whatever the p the platform to make those trades on your behalf and there's no emotion involved you'll just place the order whatever the price is it's the real benefit of DCA that people don't really talk about but basically when the price is low you get more bitcoin when the price is high, buy less. bitcoin, which actually helps you average your base cost over time, so let's look at the power of dollar cost averaging if you had invested fifty dollars a week for the last three years, seventy-eight hundred dollars for three years. twenty six hundred dollars a year the current value would be about thirty 36 000 or 105 million satoshi about 1.05 bitcoins so you would have four extra money points in fact it is probably a little higher now based on the actual numbers when i created this slide.
ultimate bitcoin buying guide when to buy how much dca cny trading strategies tips tricks
A few minutes ago, Bitcoin was at 35,000. Now it's around 35,700. So that's the importance of dollar cost averaging. So what do we do now? So let's talk about some of the next steps and where we are at and what kind of everything. it means, first of all, many people think that it is too late, keep calm, it is not too late, less than 500,000 people on earth have earned bitcoins, okay, it is a very small amount, it is very thin air, so who thinks about it less than half a million people already have one bitcoin or more now there's not a lot of bitcoin in there and if you've seen any of my previous videos you know I think there's only 14 million and the loan will ever be 14 million of bitcoins because many are lost and other reasons of course as well let's jump a little further and down the rabbit hole so more numbers if you imagine there are 14 million bitcoins the population of earth is 7.67 billion of people which means the average bitcoin available per person is .0018 bitcoins so if you want to have more than the average person today you only need to spend 63 to get that and then you will have more bitcoins than the average person on earth , but let's go a little further and for those people who want to spend more then median bitcoin ownership today is about 1295 dollars out of about 25 million people who have bitcoins median bitcoin ownership is point zero three seven bitcoins i hope that everyone get it clear so you can become the average bitcoin owner today by spending one thousand two hundred and ninety five dollars.
ultimate bitcoin buying guide when to buy how much dca cny trading strategies tips tricks
There was a concept. in one of my early videos called bitcoin insurance this is the exact slide huh and back then bitcoin was at ten thousand seven hundred dollars and i was trying to urge people to buy it and i put up some numbers i thought you knew which one is the minimum bitcoin you should have if you have a net worth of 10 million or 1 million dollars or if you are elon musk a lot has changed in 90 days so first of all bitcoin is not 10 700 anymore it is 35 000 second first of all elon musk net worth has literally doubled thank you tesla and third if you look at these numbers if you have a net worth of 10 million dollars you need to have at least 0.35 bitcoin if you have a net worth out of 1 million dollars you need to have at least .035 bitcoin this is another way of thinking about what your bitcoin insurance is and the simple way to calculate it is divide your net worth by global wealth which is 400 trillion and multiply by 14 000mon ages and that's your factor very simple very simple but I created an updated version of this bitcoin insurance that I'm showing you here so this insurance update imagine your net worth is one hundred thousand do llars you need to have point zero zero four bitcoins it's 123 bucks there's nothing stopping someone from now jumping into their paypal account and only spending 123. now why do i say paypal?
I'm going to have a lot of haters because they say oh paypal is terrible but it's a simple on-ramp and the biggest challenge a lot of people have is they don't know how to buy bitcoins but 32 million people have paypal so it should be pretty easy for them a square cash app that also allows you to take your bitcoin robin hood again you might get more heat for saying robin hood or you can go to one of the exchanges like coinbase kraken and many others so let's get down to this list net worth of one hundred thousand dollars you need point zero zero four bitcoins 123 dollars you have half a million dollars in net worth you need point zero one eight bitcoins six hundred dollars you have one million dollars in net worth you need to spend that 12.95 again the numbers change because the price of bitcoin is changing very fast.
It's up almost two thousand two thousand five hundred in the last 24 hours alone. If you have a net worth of 10 million, you need to spend at least .35 bitcoin. Think about that 0.35, that's a very important number that I'll talk about. about in a minute elon musk his current net worth today when i calculated it is 182.9 billion dollars he needs to have 6400 bitcoin so elon if you are watching this video and i know you are thinking of

buying

bitcoin that is the amount you need hope everyone is following with this. I told you that's a lot of numbers, but it's important and I'm trying to make it as fun as possible.
Now another interesting number to look at is the one percent club, so basically if you have point two. four bitcoins again many heard point three six point three two point two eight etc. the actual number is point two four bitcoins based on my model you will have more bitcoins than ninety nine percent of the world so you will be in the first club 1 and that will cost you 8,400 today. Who wants to be in the top 10 club? Someone? I think we all want it and I think it takes a little work. Is it worth the investment. Again, think three to five years ten years from now. a little bit deeper and talk about some of the risks so somebody can see something special on the slide here well there are two things I want to point out one is the bitcoin floor right now is estimated to be around 28,000 I marked the red line here on the graph, you can see how close we've been to that in the last four to six weeks, actually the last five weeks right, but it's come close four times, maybe five times depending on how you look at it, do you?
Will we ever go below 28,000? I don't think so barring any black swan event so again I hit it on the chart here intentionally so you know we never know what the future may bring there is always risk so be prepared for that a black swan could be close. any corner is why i hit it here so ju Please note that nothing is guaranteed in life and this is not investment advice. Another thing to remember as well, and this could create some volatility on February 12. We have Chinese New Year. I talked about this in a previous video about two weeks ago. usually the worst chinese new year hit caused a 50% drop in bitcoin price in a very short period of time, the smallest hit in the last four or five years, i think it was eight percent, but the average hit is 15 16 18 when you look at bitcoin today it can easily move five to ten percent in a day so don't let this change your strategy though it's important to think about chinese new year it might create a

buying

opportunity if there is the expected volatility and sometimes it can be a self-fulfilling prophecy because investors think oh feb 12th bitcoin is going to crash, im going to exit my positions now the 10th or 11th , that could be a time when prices are depressed and for th Those who don't have any bitcoin to go in and get some, it may not happen, but keep an eye out for it being near your computer on February 12 and having some dry powder available, so the best dollar cost averaging strategy is this. what i would do is what i recommend to people and again this is for fomo times not general times if you have a three year runway yeah make your 50 bucks a week 50 bucks a month whatever may be the case but because it's special right now this is what I recommend to people and we'll start with the steps so the first step is to get 63 bitcoins if you don't have any yet and once you start to get some bitcoin can't stop I don't want to say it's like a drug, but it's a bit like a drug.
Second, calculate your net worth. Use my model to calculate your bitcoin insurance. I will also share it with all of you if you are interested. I have it in a google sheet and you can enter your own numbers 3rd above the nership average flow ie try to have more than .037 bitcoins that will cost you one thousand two hundred thousand three hundred dollars today depending on when you enter but that should be a goal to aim for again if you don't have a quarter step to get to one percent club try to get point two four call it a quarter bitcoin and then you'll have 99 than every other bitcoin owner on earth and that's a very special club to be a part of step number five if you have decided you are going to invest in bitcoin and i know a lot of people who say i have a hundred thousand dollars that i have put into bitcoin and so on. i have six hundred thousand dollars i have ten thousand dollars i have 500 dollars whatever the case take a third and allocate buy now remember the five percent rule that whatever allotment you have put into bitcoin not a third but to say which is ten thousand dollars make sure it doesn't exceed five percent of your investable assets number six break the second third into five parts and place limit orders on an exchange or a system like robin hood to buy and i've been doing this for quite some time and it has been very successful because sometimes it can be 2 a.m. and 3 a.m. and there can be a big wick down and if you have the cap you can make it work and the numbers seemed veryeffective you have to be above the next big layer down so i like numbers like 34 and add 11. then you could have 34 0001 or 34 010 but when you have 34 0011 you have a higher chance of getting a quick fill at next level thirty three thousand eleven then thirty two thousand eleven then thirty one thousand eleven then thirty thousand eleven and I actually had two limit orders at twenty nine thousand eleven and thirty thousand eleven a few weeks ago and got results on both only by small stretches but I was so happy for that to happen because literally a few hours after those two filled up bitcoin it was up three thousand dollars so the seventh point is be ready to jump if you go over forty thousand dollars we just saw to ethereum hit a new all time high and once that happens the sky is the limit it's called price discovery mode so keep in mind people you know for that third for that last third that you have earmarked for bitcoin maybe you have it dry ready to go and if we do break it through 40,000 then it might be time to pull the trigger but again you have to see exactly what the circumstance is and then finally , allocate 50 to 100 or whatever you can afford from your paycheck each week or month to do dollar cost averaging on coinbase up until the time comes where you say ok i think bitcoin might be too foamy on Right now, it might be time to sell a third of your holdings or stop investing in it and I'll notify you so please subscribe for that kind of information, sorry. for that long laundry list but that's my playbook for newcomers to the space or people who want to put extra money into the space so the bottom line is for every video always wait until the end because I will always have a conclusion I will not. just say things and walk away without giving you my point of view so the bottom line of all this is if you don't have any get some now i want to give you a real quick anecdotal story very good friend of mine md double phd was six hundred thousand dollars in November and he asked me what he should do with it I told him to put it in bitcoin to imagine he could have bought bitcoin at twelve thousand dollars thirteen thousand dollars fourteen thousand dollars and six hundred thousand dollars he said it was very difficult to buy he did not know how to buy he didn't feel confident chasing something that was already up two or three grand so he waited and left his money in the bank and waited and waited and waited to this day he's still waiting and now he's frustrated oh no We're back at 35,000 again, what am I supposed to do?
That's what this kind of playbook is for. Sometimes if you fall asleep you lose, so be careful with that end point. I want th Thank you to all the Patreon members who have supported me, we have over 220 members right now, just in a little over two days. I appreciate you being there answering their questions, giving them that white glove touch. me on discord and i want to thank everyone again for the support too and all the love huh scammers remember i'm the black bubble ignore everyone else and that's it hit like if you like this content turn on the bell for new content and subscribe. much appreciated as always thank you all have a nice day

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