SCAM or REAL? How To Make Millions In Bitcoin & Crypto

What is bitcoin and cryptocurrency? We answer that question today and many more.

????????Here's my referral link for Coinbase. Get $10 in free Bitcoin when you buy or sell $100 or more????????: coinbase.com/join/leiva_22?src=ios-share

????????????????JOIN OUR STOCK & REAL ESTATE GROUP ????????????
???????????????? https://www.patreon.com/CultureEstate ????????????????

Easy to understand explanation of bitcoin:
Today Bitcoin is considered to be a store of wealth or Gold 2.0Vollitility
Not being used for buying and selling anymore

????????????????SIGN UP TO WEBULL & GET A FREE STOCK????????????
????????????????https://bit.ly/3b1Yutz ????????????????

Its compared to gold because of its limited finite amount of coins available
Just like mining, it requires a lot of work

????????????????CHECK OUT OUR SITE ????????????
????☎???????? www.culture.estate ????☎????????

Why is Bitcoin getting so much attention?
In 2020 the pandemic has triggered fear of market crashes and monetary devaluations
March 9, 2020. Since that date, the total money supply has gone from $4 trillion to over $6.5 trillion as of November 30, 2020, largely due to coronavirus related stimulus bills.
Since the crash Bitcoin has grown 900-1000% (9-10x)

????????????????SIGN UP TO WEBULL & GET A FREE STOCK????????????
????????????????https://bit.ly/3b1Yutz ????????????????


How high can it go?
21 million will ever be mined but 3-4 million are reported as lost
Satoshi has around 900k-1 million bitcoin
In 2021 there are many predictions as high as $250,000

????????????????JOIN OUR REAL ESTATE TEAM????????????????
????☎????????www.culture.estate/become-an-agent ????☎????????

Scarcity worries: if investors put 1% of their investments in bitcoin it will increase the market cap by 2 trillion and be over 100k per coin
Compared to all stocks in the world, crypto is just over .5% or ½ %


900 bitcoin mined everyday = value 27million
18,600,000 have been mined only 2.4 million left

How can you invest in bitcoin or crypto?
Picking a brokerage
Coinbase - most mainstream
Coinbase is one of the oldest continually-operating exchanges, having been founded in 2012 by Brian Armstrong and Fred Ehrsam.
Insured up to 255 million on hot storage no mention of cold storage 98% stored offline

Gemini - Gemini was founded in 2015 by the Winklevoss twins, whom you may remember from The Social Network (2010).
A clean and customizable trading interface paired with low fees and overall transparency makes Gemini a worthy contender.
Insured up to 200 million on cold storage & insurance on 2% hot storage
Transferring money
Bank wires
ACH
Debit card (Gemini allows visa & MasterCard)

Picking your investment or portfolio split (get commentary from my viewer)
Bitcoin, Ethereum, Cardano, Chainlink
Risk
Wild swings from 60-400% in a day (most recently 34k to 27k)
Government interference
Scams (like in the comments)
Sending to the wrong address
Computer hacking
Mt. Gox hack lost 850k BTC in 2014 Bitfinex lost 120k BTC in 2016
Protecting your bitcoin
Leaving it on the exchange or brokerage - not covered if hacked
Taking it offline with cold storage - signs transaction offline on an offline wallet such as a trezor or Ledger
Getting interest on your crypto - 0.5% - 12% depending on the coin
Nexo - accepts most cryptos and daily payouts
BlockFi - more mature but the website needs work
Celsius - more cryptos than blockfi but not able to manage funds on a computer (app only)
How to sell your crypto
You can withdraw funds back into your bank account
The most liquid investment you can have along with Forex
24/7 open market so you can sell anytime
Funds can clear instantly


So my final thoughts
Bitcoin has proved itself to me and I am a believer
It will still have wild swings so you have to be prepared for that
But eventually, Bitcoin, Ethereum & the more stable coins will pave the way for new financial instruments and new technology we can’t even imagine yet.
So bitcoin will definitely be a big part of my portfolio going into 2021
If you want to see the way I'm investing in crypto let me know down below so I can make follow up videos on what different methods I'm using to invest

Superman is useless on Wednesday evening because he goes to a weekly Bitcoin meetup.
It's his Crypto-night.



Disclaimer: Everything I say on this channel is my opinion only and not meant to be taken as advice. All the information I share to buy Real Estate or invest is not be mistaken as a solicitation or recommendation. Always check with a licensed professional before making any investments.

#bitcoin #crypto #investinginbitcoin