How to be a Bitcoin Millionaire
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 Published On Premiered May 3, 2021

#Bitcoin #BitcoinDCA #TimeInTheMarket #DollarCostAverage #GBP #EURO #usdt 👋JOIN THE COMMUNITY:   / investanswers  
DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.

Bitcoin on a Budget - is it too late to invest? Is it worth investing $50 a week or $500 a month? Should I invest lump sum in now and what will it look like ten years from now? All of that is answered and more for Britain, Europe and US.

0:00 Am I too late?
0:30 Top Questions I get from Patreon.
If I invested now:
$200/wk for 10 years, can I retire?
$50/wk for 10 years, worth it?
GBP ÂŁ2,000/mo, what will it amount to?
EURO €2,000 one time invested now, what will it be worth in 10 years?

1:42 FOMO Times What to do when everyone is FOMO’ing in?

2:10 Slow & Steady or Sprint?

2:30 How much would I have:
if I put $50 a week into Bitcoin 10 yrs ago
Buying $50 of Bitcoin every week for 9 years, starting 9 years ago
Total Invested: $23,500
Value today: $14,849,455 (+63,089%)

3:00 Price Action last 11 Years
2 Outcomes History-Based!
0.24 Factor of 1325% = 318% x $30K =
$95,400

Or Factor of 1325% x $30K =
$397,500
Takeaway:
2011: 1,473%
2012: 186%
2013: 5,507%
2014: -56%
2015: 33%
2016: 125%
2017: 1,325%
2018: 72%
2019: 88%
2020: 302%
2021: 100% so far…..

4:00 The New Balance Sheet
Keep your assets in crypto
Keep your liabilities in FIAT
The New Balance Sheet

4:20 $200 a week is 100K by Dec 2030 starting today at current bank rates
US $200 Per Week until Dec 2030 in FIAT

5:00 $200 a week in Bitcoin will more than 5x your money
Takeaways:
Takeaways:
$25K goes to $126K
My BTC FV Model returns 400% ROI which is far better than any FIAT return
Sandbag to my model delta is 37K from 126K to 89K

7:00 US $50 Per Week until Dec 2030
Takeaways:
$252K invested goes to nearly $2M under excessive model and $1.26M under my model
Avg cost per BTC is the same
1.5 BTC would be in the top 2% of all BTC holders

8:00 US $500 Per Week until Dec 2030

9:00 GBP ÂŁ2,000/mo will amount to what?
Takeaways:
The assumed exchange rate is constant at 1.39
Investing weekly is better than monthly
ÂŁ2K per month aggregate total is ÂŁ350K yielding 1.3M or a 269% return

9:50 What will a EURO €2,000 one-time investment worth by 2030
Takeaways:
Assumed Euro exchange rate is constant at 1.19
Getting in early is key
My model return would be 1100% in 10 years turning €2 into €24K

11:00 Inflation decreases Purchasing Power ie the number of goods or services you would be able to purchase.
Purchasing power is the value of a currency expressed in terms of goods or services that money can buy.
What is $1M worth in 10 Years
(in today's purchasing power)

11:40 All roads lead to...

12:00 Time in the market beats timing the market

13:20 Warren Buffett: “Bitcoin is Rat Poison”

13:50 “The stock market is a device for transferring money from the impatient to the patient.”
-Warren Buffett

15:10 Conclusions
Investing early is better
Investing weekly is better than monthly
FIAT denomination is not important - BTC denomination is
Negative interest rate environment means people need to seek out alternatives
FIAT hedges are key
Returns over the next ten years will be nowhere near as high as last decade

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