Could Bitcoin Be Your Ticket to Wealth? | The Fine Print

[@TrueNirvana69]

I invested a small portion of my net worth in crypto and it ended up being a big part of paying my house off. Crypto is like any investment. Do some research and manage your risk exposure. I always do the typical max IRA/401k/HSA, but beyond that I don't see the harm in crypto as long as you are taking care of business elsewhere financially.

[@JoshWalker.]

Same here, I'm on baby step 4 5 6 and have the Roth 401k and IRA going and I started dollar cost avg into crypto and it has almost grown significantly. Not quite enough to pay off the house but not too far off as of now.

[@eyecontact13]

If she would have held that 800$ or 500$ what what it be today. Like dave says , don’t jump off the rollercoaster at the wrong time.

[@eyecontact13]

Look at the long term chart - or even better , take the time to learn about it. If u would have dollar cost average , u would determine for yourself if it would have worked out for u.

[@atVVV1]

Remember when 'the greatest gen' said the internet was a fad? Kinda like the boomers being skeptical of crypto.....just saying

[@pidgeypotpie165]

This is not going to age well.

[@Holy_Athletics]

It's aged very well, crypto fanboy

[@mrbiznessman]

I love how they take a huge 💩 on crypto, talking to the people who've lost money, yet not someone who paid off all their debt with it, or bought a home in cash. They do a poor job of explaining it. Yes it's volatile but at LEAST tell the other side of the story.

[@jacksonperez2382]

What cryptocurrency did these people buy?? A lot of them never say.

[@dababycar2899]

Answer is yes

[@TalesFromTheBooth]

Governmental….currency….store of value…. 5 year old: 👀👶🏼????

[@marcellomenji]

I'm weighed 50% Crypto / 50% Value based investing, and I love it 🔥

[@patriot12to81]

The most important fact from this video is that 4% of Americans own crypto. That’s crazy low considering that crypto will soon be ingrained in every financial system from banks and cross-border payments to tokenized stocks/real estate. If you don’t believe me just look up the use of crypto in a bunch of bank patents for a starter. But let’s not talk about the actual UTILITY crypto brings to money and just consider it a scary get rich scheme. With only 4% Americans owning that screams buy and hold for the long term to me. Too much potential to miss out on.

[@peter.i.carrera]

Good stuff George, I’ve enjoyed your insight in Ramsey solutions!

[@lorduhtred8500]

Absolutely agree that you shouldn't invest if you can't afford to lose your investment. But the rest of the video is actually a case as to why you should invest in crypto as a LONG term investment. Millions will be made by some and those that were afraid won't have FOMO anymore. They'll just know they missed out.

[@jez5855]

My problem with treating it as a long term investment is that it largely depends on which currency you pick. In my opinion, this crypto craze is very identical to the internet bubble that we had in the 90s. It will eventually burst, and thousands of cryptocurrencies will become worthless and only a few will survive and have practical use in daily life. With thousands of cryptos to choose from, there's a much higher chance that you lose money in the long term, than gain.

[@timjbrasfield]

Understand asset allocation. Don’t over allocate in risky investmentS. Simple.

[@toddaustin2198]

The Courtney George is Interviewing totally sounds like Dave Ramsey's daughter Rachel Cruze.

[@duqueskater]

As if losing your password is something that will happen to everyone. What a joke. I got in early and made bank, playing with the houses money. This young 17 old year’s experience is something that can be prevented easily.

[@manczyks]

Bottom line, when you get to baby step 4.5.6 your 15% investment should be to traditional Roth. Then optionally do an additional 3% in crypto.

[@jh04100]

There's no such thing as a "traditional Roth". There are Roths, and there are traditionals. They are never both.

[@RGTomoenage11]

BTC 💎 🙌

[@bkstandard882]

The first part of this episode was hilarious

[@luminous6969]

As for the guy that lost his password and lost access to 460k, they're actually admitting that he made loads of money from crypto, even though the entire video is pooh-poohing crypto as a way to make money.

[@DavidRamseyIII]

I think they are pointing out the absurdity of the entire concept. I can lose my log into my mutual funds accounts without losing my investments.

[@AdrianCardoza]

@@DavidRamseyIII a private server managed by a corporation is a centralized system that requires customers to trust in the integrity of the network/corporation/employees. Blockchain is a decentralized and trust less system where there is no administrator . This means that there is no one who can recover your private keys if you do not store them properly. You are given the tools to easily recover your private keys. This is done by using your seed phrase and optional pass phrase to restore your wallet if your PC dies or you get a new phone, etc. Just as an FYI, a private key is used to verify/sign transactions for a given wallet. If the user does not have the private key, then they cannot control the funds for an account.

[@atVVV1]

Yeh, I heard Dave taking a jab at this kid's power consumption whilst mining. Hey Dave, he didn't use $460K worth of power 🤣🤣🤣. Also a 13yo with $460k!!!!! Crypto is bad?

[@droptozro]

@@atVVV1 Yeah and didn't the kid say he only invested a couple hundred dollars? So, sounds worth it to me. I'd be offering someone about $50k to get that password for me.

[@elmago1298]

except the poor kid does NOT have $460k, but keep on keeping on with not actively listening.

[@Msteve-nt5bx]

This is really beginner level criticism. Literally interviewed a girl who lost $300 because she sold when she shouldn't have.

[@anniesshenanigans3815]

its virtual money... that is the only way to splain to a 5 yo. You 'supposedly' can use it anywhere anytime, but its not mainstream yet so you may as well take pesos to the grocery store.

[@shashankthiagarajan]

This is so biased.. All respect to Ramsey solutions. But if you have already made up your mind that it's bad then there is no point making a podcast on it..

[@ralfbo685]

The whole point of BTC is to hold and never sell an APPRECIATING asset. Be responsible. This is a hit piece of a video and it's hilarious. There's a huge knowledge gap at Ramsey solutions and I wish they would bring someone on who actually knows what they are talking about.

[@jonathanarras1281]

Dave is a dinosaur on crypto

[@foamersimpson6690]

Cringe

[@ralfbo685]

If you did actual research on what BTC is then you can see how this is the next step in technological advancement. Don't keep your head in the sand, and do your research. This is the internet 2.0, there is no better asset to invest in

[@jonathanarras1281]

These people follow Dave’s advice to invest in the stock market getting returns that don’t even keep up with inflation

[@DavidRamseyIII]

@@jonathanarras1281 I’ve gotten 12% average for decades. What are you talking about

[@kanky743]

@@DavidRamseyIII same here I've also invested in stock market and have also got 12% yield on investments. I'm also almost done paying off my mortgage while investing 15% of my income.

[@elmago1298]

@@jonathanarras1281 uhhh....troll?

[@1minuterecipesandstuff498]

They didnt even explain how blockchain works at all. So of course I won’t remember that from this video.

[@anniesshenanigans3815]

that is not the same thing??

[@musicpro7278]

If you have 50k plus then yes it can make you rich but people invest 10k or less im sorry but ur not gonna be rich

[@musicpro7278]

Not even 50k more like 100k

[@droptozro]

That'd be a wild ride to have $100k in crypto if you don't already have at least $1 million. I just watch my $1500 go from $800 back up to $1300 and then back to $1000 every few weeks. Obviously it's money I could afford to lose since I have other investments but man to watch $100k do that would be nuts.

[@atVVV1]

@@droptozro just do like the 13year old and lose your password for a few years...

[@bagenstb]

Good stuff as always, George.

[@drwayne_carter9115]

Can you interview some real crypto ‘investors’? Instead of some ditsy woman that panic sells at the market low and some 17yr old kid that can’t even remember the password to his own PC haha this video is a blatant hit on crypto due to ignorance

[@symlexbrn5396]

There's someone else's mount in crypto

[@nathanbecerra5367]

You are completely wrong about crypto. Dave,you and John are not educated at all on crypto. Come talk to a real person who has a portfolio that is making 400$average in gains on the daily . I own over 570k Shares in a great project . I would love to talk on the show . Please go learn about it and stop telling people it’s bad long term . Just don’t talk about it at all if you don’t recommend.

[@elmago1298]

at the end of the episode, he said crypto is "not a bad thing, not a dumb thing, it's just a complicated thing"....so being "completely wrong about crypto" means it IS bad and it IS dumb. not really making much of a case for crypto, Nathan; unless of course, you're not actively listening to the conversation, which is a diff topic altogether. get it together, my man, and come back with your game face on.

[@tritonek1402]

This show is like a bad car crash… just can’t look away. Very surprised Ramsey let’s this show use his name at all.

[@am932]

Life is an experience, whats the point of being very conservative never taking any risks and having a boat load of money at 80 years old in a retirement account for someone else to blow off. Just dont be irresponsible and enjoy the the ride. Might get lucky and the grandkids could be telling your story of how you saved a ton of money saving all your life and never taking any risks. Just kidding

[@bkstandard882]

Fast forward 2023, crypto crashed HARD

[@b.magoba2772]

BTC 🚀 🌙 😎 🤑

[@michaelhendrickson6077]

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