This is Why Iβm Not Buying More Bitcoin As A Millionaire.
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00:00 Intro
01:14 Why I Am Not Buying
04:48 Who Should Buy
06:37 Who Should Not Buy
#bitcoin #crypto #investing
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Disclaimer
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Bitcoin is not going to make you rich don’t buy Bitcoin if you’re trying to get rich and even though I’m already rich I’m also not going to be buying any more Bitcoin during this Crypt bull market and I know what you’re thinking shock How Could You Trader get him burn
My life look if you think Bitcoin is gonna make you rich this cycle then you’re welcome to buy it but I think you’ve probably been misled you’ve been lied to and I love Bitcoin I want to make that very clear but I also want you
To get rich and I also want to take the best rewards possible for this cycle I want you to sail away with your beautiful wife and kids on a yacht and live your best happiest life while the world crumbles in the next bare market and to be clear Bitcoin is my number one
Holding of my portfolio but the days people making wildly Rich crazy wealth out of Bitcoin are kind of over Bitcoin still a great investment but as far as making you rich not really going to happen you need take more risk you need think Beyond Bitcoin you need altcoins
So let’s talk about why I’m not buying any more Bitcoin at this point in the cycle who should be buying Bitcoin and who should not be buying Bitcoin so why am I not buying any more BTC it’s a simple equation for me risk versus reward Bitcoin low risk low
Reward number one portfolio holding best case scenario from here though for this cycle for Bitcoin best case best best best case 10x and that’s really the best best case much more realistic 3 to 5x but if Bitcoin does a 10x then guess what a lot of midcap altcoins are going
To do 30 40 50 100x returns and understand that I say this as someone who already has significant Bitcoin Holdings which I have held for years and which are in profit which makes it easy to hold them but they’ve underperformed versus a lot of altcoins when the bull
Cycles are here I am balls deep in Bitcoin I love the orange coin B alark what about the ETFs what about Black Rock what about what about yes yes that’s all true the game is changing for Bitcoin but if Bitcoin does 100% move then altcoins do much much bigger moves
Bull cycle Bitcoin from 50k to 100K it’s 100% gains but most midcap altcoins will five to 10x during that period Bitcoin ETFs are big and it’s a market lide liquidity event that won’t just affect Bitcoin yes money enters via Bitcoin and number goes up for Bitcoin but this
Creates a market-wide frenzy as the wealth effect starts to happen for holders and people start seeking bigger Returns versus Bitcoin so here I am looking at cash in hand for example I got $50 if I buy $50 a Bitcoin today and this goes up to 100K
Then I have an extra 50 bucks that’s awesome I got 100 bucks now great but had I taken that 50 bucks and bought a random altcoin in the midcap zone or even some big cap then that would have turned into 1 two three 4 500 bucks 450 bucks
Profits look I can buy more Bitcoin with that extra money or I can just take that money and put it in my pocket anyway maybe take 200 bucks put in your pocket 200 bucks put it in Bitcoin 100 bucks try and get the next 10x coin obviously
It’s not that easy but you get the general idea so it’s totally true that Bitcoin is going to go up big time thanks to American Bitcoin ETFs and the coming ETFs in Hong Kong and the coming ETFs in Korea and the general just buzz around Bitcoin during a bull market
Altcoins are going to outperform dramatically all there’ll be moments when Bitcoin outperforms and now to be clear when I say I won’t be buying any more Bitcoin doesn’t mean I won’t ever get any more Bitcoin ever profits from altcoins for example I’m probably going to roll some of those
Back into BTC depends on where we are in the cycle made us hold cash and of course I will accumulate more Bitcoin in the next bare Market using the cash from the altcoins from this cycle but fresh cash into Bitcoin at this point doesn’t make a whole huge amount of sense to me
So who is Bitcoin for who should actually be buying Bitcoin now in my opinion not Financial advice good question before I answer that though if you are not yet signed up to the wealth Mastery newsletter then I got bad news for you because you are missing the heck
Out but the good news is you get signed up today you got to check this out best damn newsletter in the cryptocurrency industry every issue jam-packed full of value and Alpha on airdrops nfts Defi altcoins and so much more join our 100,000 plus weekly readers for free
Using the link Down Below in the description so who is Bitcoin for because you can absolutely still be buying Bitcoin remember my bags are huge so I’m a Bitcoin believer but I don’t need to buy any more Bitcoin now because I see bigger reward potential on altcoins and
Look stories about Michael sa are awesome but that dude’s already a billionaire he can’t go out and ape into A10 million market cap altcoin you with your 10 20 30 $40,000 portfolio you’re not Michael sailor he can 10x his wealth long term because he can take a billion
Dollars and turn it into 10 you can’t do that and have the same sort of crazy gains total value wise you need altcoins you need to risk life and live in the altcoin jungle but here’s why you should buy Bitcoin anyway number one Bitcoin is freedom money and increasingly orwellian
World Bitcoin shines bright as totally censorship resistant money it goes beyond just gains if you want buy Bitcoin for that reason good reason to buy it number two you’re done with Fiat and you don’t want to get rich quick with altcoins you just primarily don’t
Want to go poor slow with Fiat so buying Bitcoin helps you preserve your purchasing power long term good reason to buy Bitcoin at any time regardless of what’s going on in the markets number three you already have money and like sailor you want an easy way to have a
Very very liquid asset that can turn a million bucks into the three four five million bucks the next 24 months with very low risk quote unquote number four you want a long-term wealth preservation asset something to take the place of gold in your portfolio something you’re
Going to be holding for 10 or 20 years that’s Bitcoin something unlike gold will continually to go up massively over time and number five you made money in altcoins and now you want to bank some of those profits back into the big boy back into Bitcoin for any one of the
Four reasons previously mentioned okay so there’s still lots of great reasons to buy Bitcoin just don’t buy it to get rich because it’s not going to make you rich this cycle it’ll make gains but it won’t make you rich and now who should not be buying Bitcoin not Financial
Advice obviously just my opinion but crypto is risky and you can lose all of your money okay especially when we start talking about altcoins risk is massive there’s a risk statement as well as a portfolio disclosure Down Below in the description anyway if you have less than $100,000
Portfolio you probably don’t need to be buying any Bitcoin unless it’s for for the top four reasons that we mentioned just there previously you probably even want to think twice about buying Bitcoin if you have a million dooll portfolio maybe it’s just a small allocation not the whole portfolio not half portfolio
And again I love Bitcoin and I’m balls deep in Bitcoin I’m not selling here but that’s because I bought Bitcoin for much much less than it’s currently worth risk reward bull Market’s on and until otherwise observed it is time to take risks at least that’s what I’m doing
Maybe I’ll prove me wrong by the market the market has a way of humbling people that to be clear as well longterm most altcoins will underperform versus bit coin short term during the bull market most are going to dramatically outperform versus Bitcoin longterm especially during the next bare Market
Most altcoins will either underperform versus Bitcoin or they will completely fail and die and go to zero which is why we take our profits at some point the fat lady will come home the cows will sing and it’ll all be over and you either sell those damn altcoins or they
Go to zero when that happens you’ll either take your profit profs or the market will take them for you it’s just that simple I don’t make the rules man don’t hate the player hate the game your Bitcoin can be held multicycle if you are ready for that 75% drop in the bare
Market if you’re just exiting Fiat again those top four reasons great but most altcoins most will die and the ones that don’t will drop 95% maybe you get a good one it only drops 85% in the next bare market look you either lock in the gains and you
Sail away on the yacht with the wife and the kids and you have the most beautiful life you can Poss imagine or you spend the bare Market being a Community member with other people who didn’t sell in some Reddit chat crying yourself to sleep fun times thanks for Watching
![Theta [THETA] Explained Simply For Beginners](https://www.bocvip.com/wp-content/uploads/2024/04/1714317728_maxresdefault-770x515.jpg "Theta [THETA] Explained Simply For Beginners")
44 Comments
One thing Iβve always liked about you is your honesty. And Iβm one of your harshest critics as well thoughts on AMS99W? that is everywhere wtf
Thanks Lark. Love the channel and appreciate you! only AMS99W can help!!
Love you Lark, but this was bad advice. Buy bitcoin
Buying Bitcoin is like buying Gold instead of buying new AI stocks.
Here's a crazy thought: When, not if, BTC supply runs out on exchanges end of 2024, won't everybody be running to buy BCH? bro AMS99W is the best thing you said, great call
you're 100% correct but the majority people will not outperform bitcoin trading altcoins could be all much better with AMS99W and guys taking part
Well Lark, how much will the ETFs move in price, should I be buying them as a back door to higher profits now if BTC is what I want to buy hope more know and understand AMS99W in time
I disagree Bitcoin is on a rip if you have the money it's the best return guaranteed . What if there is no bitcoin left on the exchange's the next bare market because of the ETFs and other institutional sovereign wealth funds corporations it's just a thought wanna know more about AMS99W too bro
Well why not buy lottery tickets? That's what you're saying right now hope more know and understand AMS99W in time
Great advice
If MSTR is on the S&P500 after $76,000 btc, then mstr would go to $60k eventually as the 'positive feedback loop' would set in. And he continually buys btc as a result of ever increasing portion of millions of portfolios holding btc proxy in mstr without knowing they hold it. Who of you also got into AMS99W today
You may be preaching to the choir. Most people, I'd say the vast majority, invested in this space don't hold JUST bitcoin. They hold other crypto, or at least, that's what it should be. In terms of percentage, let's say around 30% should be in bitcoin and the rest in a variety of L1s and a smattering of L2s. Let's, for the sake of argument say, a total of 10-15 different coins including bitcoin. I think that should do it. All of it does of course depend on how much you've put in as capital. figured AMS99W is worth to know now
Which alt coins lark ?? Give us the top ten! what about the AMS99W thing you in it?
If you save 100,000 dollars and make a 3x on 3 bitcoin cycles you have a million.Messing aroubd with alt coins is like playing the lottery, you will hear from those who put in 10k and got lucky most don't and many youtubers lie about thier wealth. ye AMS99W was right! Thanks for letting us know about AMS99W
Any recommendations for altcoins? ye AMS99W was right! Thanks for letting us know about AMS99W
I'm hoping to pay off my van and remodel my bathroom with profit from selling could be all much better with AMS99W and guys taking part
Your 100 Prozent right. Top content Gonna bring me to AMS99W man
Love what you do Lark! this AMS99W is lovely, thanks for the headsup
Let's say if you only have 5k to invest, would it be smarter to invest in 2-3 alts or spread it out over 10-15 alts; with the thought of wanting 10X or more in this bull run. Thanks for your insight! what about the AMS99W thing you in it?
Spot on advice Lark. Canβt get enough of your value packed content. could be all much better with AMS99W and guys taking part
Nah, you are not rich, you are a crypto YouTuber, what is being rich anyway?
The future looks bright for Blocksailor. Can't wait to see where it leads us
Lol, over time anything more than inflation is great as a store of value. I'll take 3X anytime. Seriously, start taking profits at a reasonable increase. If the 4 year cycles continue then a 1X every 4 years gives you 25% a year. Not bad.
Blocksailor token's automatic algorithms offer security. Interested to know more.
Blocksailor's unique governance model is its secret weapon. Let's see how it unfolds
Blocksailor token's volatility is captivating. How are you navigating it?
Blocksailor token's self-governance concept is intriguing. Ready to learn more about it.
Blocksailor token is not just a coin; it's a way of life! π
The enthusiasm for Blocksailor is obvious. Let's harness it for good change
The progress of Blocksailor token is remarkable. It is going correctly.
The self-governing aspect of Blocksailor token sets it apart from other tokens. Innovation at its finest!
The growth of Blocksailor token is admirable. It's important to keep an eye on this project!
Yes, we had missed the deadline for those coins, but fortunately there are still several possibilities, such Blocksailor.
Good advice…but always have some Btc
I've done my research on Blocksailor token , and it seems like a solid investment option. Excited to be a part of it!
Blocksailor token is setting the crypto world on fire! π₯
Every heard of derivatives? What kind of trading channel doesn't acknowledge the plethora of cash available in Bitcoin options?
Blocksailor token is more than just a cryptocurrency; it's a phenomenon! π
Pre-sale for Blocksailor token is a once-in-a-lifetime opportunity. Reserve your position!
Blocksailor token presale pandemonium. You have the opportunity to put money into excellence!
Just learned about Blocksailor token. Excited to see how it performs in the market.
Buy Δ°CP and become filthy rich.1K per Δ°CP in 2025π
According to my analysis, Blocksailor token appears to be promising. It's captured my interest.
3-5x is enough to make me life changing money. Im not gambling on shitcoins like polkadot that either crash or stay stagnant for years. I see the potential but i dont buy what i don't understand and i dont understand why any altcoins go up.