Millionaire Explains How Much Bitcoin You Actually Need

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Here’s how much Bitcoin you need to buy to get rich.
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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis 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.

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  • @MCW33 says:

    Lark, with the ETFs, do you think there will be a significant drop in prices after this cycle as in past cycles? Might prices stabilize as a result of the ETFs to the point where it doesn’t make as much sense to liquidate?

    • @adamdavid9910 says:

      This is the question I want to know as well

    • @mattrperkins says:

      Me too !

    • @leepreece813 says:

      Seems the wall street type aren’t much for day or swing trading…. I think it depends on how much goes into the etf

    • @maxter312 says:

      First approved Gold ETF happened in 2004…we all know where we’re at with the prices of gold in december 2023…so if these ETFs go live…i think the flood of the money will actually stabilise the whole market and that means no more 80% dips at bear markets…maybe a 15% price rise of BTC yearly, until it starts running short on new cash…Understand people…the higher the value of BTC and other cryptos the more tame the crypto market will become 😏

    • @MCW33 says:

      @@maxter312 agree. I been thinking that exactly. If that’s true then you can’t really buy the β€œdip” anymore in btc.

  • @tab_nebraska235 says:

    Your Point Break bit was hilarious, Lark!! Merry Christmas!!

  • @Jaden48108 says:

    I remember your wise counsel to take profits or the market will take them for (or from) you. BTC is a safe investment although it is a long term proposition. I’m down with that. I have only one altcoin in my portfolio, plus some gold and my weight in silver (precious metals have no yield, hence can’t be taxed). No stocks or bonds (too risky) and more than enough passive cash flow to pay the bills. I picked the right altcoin and made a fortune. So basically, I’ve followed your lead with the exception of dollar cost averaging. Getting my crash helmet on for what’s coming.

  • @cheftinaluu says:

    You made me laugh. You made me cry. Muchos mahalos, Lark, for sharing your perspectives & strategies. Useful with a side o’ haha. I’m emotional about bitcoin too. It’s beautiful & perfect.🧑✨ ✨⚑️⚑️⚑️

  • @mysolarexperience9051 says:

    Someone I know once had 10 bitcoin, he said he bought it around $10k but then sold when it went to $20k. He said he regretted not holding and selling when it went to $67k. I’d bet he still had his 10 BTC now thinking how highly it might get to.

  • @zacharyreff5137 says:

    Will btc etf be responsible to hold actual btc in the amount of the fund investments? Minus fees of course.
    Or will it be like gold etf which is a way to get exposure without having rights to the actual gold? They sell the actual ounces of gold by 100x since they only have to cash out fiat without audits.
    I guess one major advantage of the btc etf is that we can see what they hold/take off the market.

  • @user-vw8nh4dw2o says:

    I remember you telling me, yrs ago, Larky..you said.. “if I own ‘0.02 btc, I’d own more than most people in the whole world” .. I listened, and acted on that.

    • @cryptoslackerrob-464 says:

      I did too. Now I’m quite happy I did. Not feeling like a millionaire yet though πŸ˜…

    • @user-vw8nh4dw2o says:

      @@cryptoslackerrob-464 Me either, but ‘positive hope’ is a good thing to have in our lives. Better than ‘hope’ a Nuke dont drop on my head.

  • @DanielMurrey says:

    My 7 year old daughter buys Bitcoin with her Christmas and Birthday money. I’m getting her ahead of the crowd. She owns small amounts of silver and is getting Gold Backs for Christmas πŸ˜‚.

  • @macwil2359 says:

    I started this cycle with 10-30k USD. One bitcoin has been just out of my reach, even if I spent my whole crypto portfolio on a bitcoin. So I went in hard on Solana and now I have enough in my crypto portfolio for 3 BTC. That is the Power of alt coins. I think Sol will hit 500-750 and that’s a much better play then bitcoin for me right now.

  • @UnstoppableYou1991 says:

    Been buying $5 of Bitcoin daily for 3 years . For my baby daughter . Hopefully she’s rich one day!

  • @angelango8321 says:

    Thank you Lark, great advice! 😊

  • @Pallavi-Meher30257 says:

    Yes, we are now over the deadline for those currencies, but fortunately, there are still other options available, such as Block Sailor.

  • @scottgladdis8176 says:

    Freaking point break!, the memories πŸ˜‚

  • @lucasjasondl says:

    I love what you said there Lark. I’m not buying Bitcoin, I’m exiting fiat. Perfectly said

  • @robertr392 says:

    You the man Lark!

  • @carolyn2249 says:

    I’m going to hang on to some Bitcoin after this cycle (and sell everything else) because I’m not sure there will be any available to buy in the next bear market. It seems possible that all Bitcoin will be bought up by institutions by then and the little guys won’t be able to get their hands on it. Am I being paranoid?

  • @jamesjuf says:

    *Great content!! depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what’s your take on this approach?*

    • @philipmartin5858 says:

      Mate, forget about trading 95% of traders will lose all there money, Buy Bitcoin and hold it. look at taking some profit in the next 12 to 18 months… Study Bitcoin cycles.

  • @christopherhouse7937 says:

    I’m happy for you Lark! You seem like a good guy. πŸ˜ŠπŸ‘πŸ»

  • @SujinBubbles says:

    0:00: πŸ’° The video discusses the amount of Bitcoin needed to achieve financial goals and the potential future value of Bitcoin.
    2:32: πŸ’° Bitcoin distribution is uneven, with a large portion lost forever, making it unlikely for everyone to own an equal share.
    4:59: ⚑️ The video discusses the increasing value and scarcity of Bitcoin, and the potential impact on investment strategies.
    7:29: πŸ“ˆ The video emphasizes the importance of acquiring as much Bitcoin as possible due to its potential for significant value increase.
    9:50: πŸ’° The speaker discusses their Bitcoin holdings and their strategy for investing in altcoins.
    Recapped using Tammy AI

  • @paigesmith161 says:

    The proposed incineration of a substantial part of XRP’s total circulation stands to significantly influence its market price. This reduction in available XRP would likely enhance its value, as scarcity tends to drive up prices. This scenario, along with Ripple’s current legal proceedings and its formation of key alliances, might make XRP an especially appealing option for cryptocurrency investors. It’s advisable for investors to keep a keen eye on Ripple’s maneuvers and the corresponding market responses. Such movements could unveil distinctive investment prospects in the ever-changing world of cryptocurrencies. My coach, Linda Wilburn, has emphasized the importance of understanding these market dynamics and staying informed about such pivotal events in the crypto realm.

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