Dollar cost avraging or buy bitcoin in one lump sum? Which is better? Most investor that are new to bitcoin and investing aren't familiar with the term dollar cost average. In this video, Haas McCook breaks down why he believes the dollar-cost averaging strategy is the most effective way to acquire bitcoin. 

Currently, the price has been trading sideways between $30k to $40k for the last three months. During this time you've heard moon boys calling for $100k by "the end of each and every month" and the bearish of bears calling for sub $25k. 

So who is right?

The answer is nobody REALLY knows. 

This makes it extremely difficult to time your purchases in bitcoin. 

Dollar-cost averaging is taking a lump sum of money and dividing it up over a set period of time.

DCA is an effective way to acquire bitcoin while taking the emotion out of it and is one of the reasons Haas McCook is so passionate about it. 

Haas has run the numbers and if 70 million bitcoiners were to purchase $10 of bitcoin a day we would quickly see an $800,000 bitcon. Fast forward to the next halvning cycle in 2024 when the daily supply is cut from 900 bitcoin to 450 bitcoin. This would put the price of bitcoin at $1,600,000 per bitcoin. 

To hit these numbers a strong price floor needs to be established and dollar cost averaging is the best way to do it.. 


⏰ Time Stamps

00:00 Introduction
00: 45 Dollar Cost Averaging 
03:20 Lump Sum vs DCA
06:00 Buy $10 of BTC Daily
08:45 $1.6 MM per bitcoin
13:15 Haas' DCA Journey
19:15 Matthew's DCA Strategy
21:30 Stacking Stackers
25:00 Starting In Bitcoin
30:00 Withdrawing Bitcoin
33:00 Storing Bitcoin
39:10 First Bitcoin TouchPoint
43:00 Developing Conviction
45:20 On Chain Analysis 
48:30 Next 5 Years of Bitcoin

#DCA #bitcoin 

▶︎  Start Your Dollar Cost Averaging Strategy with Swan Bitcoin. Sign Up Today and Get $10 of Bitcoin for Free:  https://bit.ly/3ChkKdT

▶︎ Hass McCooks DCA article: https://bit.ly/3rWGOFX

▶︎ Hass McCook's Twitter: https://bit.ly/3rXkFqU


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#bitcoin #DCA #DollarCostAveraging

DISCLAIMER:

Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. Matthew Baltzell is not providing you individually tailored investment advice. Nor is Matthew Baltzell registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Matthew Baltzell is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.  

This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. By Title 17 U.S.C. Section 107, this video

There's often mass confusion about bitcoin and taxes. Many new bitcoiners are simply unaware and don't know what is/isn't a taxable event. In today's episode, Matthew chat's with Brian Bradley an asset protection lawyer about bitcoin taxes and how to protect them. 

If you plan on going to El Salvador as a US citizen to spend some of your bitcoin you may want to think twice. The IRS classifies bitcoin as property and will tax it accordingly. If you buy a coffee using your Lightning Wallet you are technically selling your property and creating a taxable event. 

Now, will you report this bitcoin taxable event? 

That's up to you. 

Brian's clients are High Net Worth Individuals who understand the privy of taxes. They want to pay the least amount of taxes on their bitcoin and protect it.  

Setting up a domestic trust in the US is a great way to protect your bitcoin from litigation and frivolous lawsuits and should be strongly considered by bitcoiners with large bags. 

#Bitcoin #BitcoinTaxes #ProtectYourBitcoin


⏰ Time Stamps

00:00 Introduction
1:45 High Networth Individual Questions
3:20 How Is Bitcoin Taxed?
6:30 Where To Store Your Bitcoin
8:44 Cold Storage
10:50 Using Domestic Trusts
13:00 Spending Your Bitcoin Abroad
17:00 Taxable Event
19:22 Wild Wild West = Crypto
22:00 Manipulating The Money Supply
24:00 Bitcoin Maximalism 
26:00 Dirty Fiat
29:00 Bitcoin As A Store of Value
32:15 Money Printer Go Brrrrr
34:50 Chiese Capital Flight
36:00 Bitcoin Best Asset Class
39:00 Trading In n Out Of The Market
40:00 Bitcoins Future Value
42:00 The Name of The Game is "More Bitcoin."

#bitcoin #bitcointaxes #taxlaw

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Lost bitcoin is the number one casualty for investors new to bitcoin. Kyle Murphy made the mistake of mismanaging his password's hardware wallet and almost lost his life savings.

In this episode, Kyle Murphy reveals to us how he almost lost all his bitcoin/life savings and what are the best practices for managing your bitcoin.

There's an estimated 2 to 4 million bitcoin estimated to be lost already for good. These bitcoin aren't EVER coming back and were obviously lost to negligence.

As a new bitcoiner it's imperative you take your security and your key management seriously. Kyle was lucky he was able to recover his funds but sadly many are not.

Don't be that guy in a boating accident!

Be smart. Don't lose your bitcoin



Time Stamp:

0:00 Introduction
1:00 Kyle's Introduction to bitcoin
3:45 Purchasing Bitcoin
5:45 Building Conviction
10:00 Storing Bitcoin
16:00 Reaching out to Bitcoin Twitter
20:00 Security Practices
25:00 Wallet Mistakes
32:00 Bitcoin Moving Forward
35:00 Hodling + Smash buying
40:00 Backup Exchanges
42:00 Won a Bitcoin
47:00 Apps
49:00 Running a Node
53:00 Travel Wisdom
54:45 Bitcoin Revolution



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❓New to Bitcoin this is a good place to start: https://youtu.be/nYoPYM3OaeU

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