I Didn't Think This Would Happen This Soon (More Crypto Bankruptcies)

💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolu...

[@palebluedotadventures2500]

Boomers with no understanding what bitcoin is, can’t even distinguish the difference between “crypto’ and bitcoin, confidently talking about bitcoin like they have a clue. This is so cringe worthy. Don’t listen to this show, they convey bad information.

[@Josh-bs1rr]

this didnt age well

[@yellomate-tv2pc]

The arrogance and financial illiteracy of fiat bros is truly astounding.

[@Brandon-xp1ob]

"Backed by the gov"😂 you work for it, the gov prints it

[@Bill.Wilson]

>the gov prints it Hmmmmmmmmmmm

[@defendingthefaith.7889]

@@Brandon-xp1obbasically it’s not backed by anything.

[@lgrrf]

If this show was just on the TV, and not immortalized on the internet, I could get it. But since it's not, how the hell do these guys say this, knowing that it won't age well?

[@sergiosocite4933]

Bitcoin bros up 125% since this video AND literally anyone that has DCA-Ed is now in profit.

[@mumenrider862]

and it's crashing again.. today.

[@sergiosocite4933]

@@mumenrider862oh no. Someone that dollar cost averaged at the high 3 years ago is now up only 125%

[@raw8638]

Did not crash. A healthy correction like always ​@@mumenrider862

[@defendingthefaith.7889]

@@mumenrider862Lol. You obviously don’t know what a crash is.

[@brentlewis4465]

We are right here Dave and doing great! Keep DCAing boys!

[@Carbon_rod]

The egg on his face😂

[@ericp1139]

Bitcoin bros are doing fine. If you guys listened to Dave when it was at $5, you missed out big time.

[@mickjennifer]

This internet thing isn't going to work out in the long run either.

[@peteparadis1619]

It hasn’t improved my life any really

[@jonathansage9063]

@@peteparadis1619 well, it allows you to watch this video lol

[@benellenberger5610]

the internet will go to zero!

[@pdptj1]

Dave is going to have a real hard time understanding when Bitcoin hits 6 digits in the next 12-18 months

[@dk-zh4nc]

Aren't you the same guy that said not to buy bitcoin at $500 ? How did that work out for you...

[@DMaster81]

Here’s the thing I will give to Dave, he’s consistent. He’s been telling people to avoid bitcoin since I remember hearing about it 10 years ago. Had an opportunity to get in under $1000 and passed cause Dave said it was funny money. Years later he’s still telling people to stay away. And for the masses he’s right. Most people aren’t going to understand moving averages and support and resistance or what a head and shoulders pattern means. But once you’re in it for years and follow it avoiding crypto is just throwing money away. It’s not complicated once you understand it.

[@conradeaton4311]

We are still here Dave check back on this in 3-5 years

[@jasonlemon4424]

This video already aged like fuggin milk. If you would of bought 1BTC at the time this video was made you would be around $21k in profit. lol!

[@nesrinmuhammed7063]

Don't doubt the whole thing just because some fools like FTX failed us. We are right in time with the rainbow chart and right in time with closing this downhill for good and the catalyst to that is also there now that Amazon went ahead to announce AZR7T

[@tracygaluszynski1868]

Hahaha! Once a fool, always a fool.

[@mightymouse9001]

Rainbow chart was legit made as a joke. Please tell me you’re being satirical

[@kj4362]

Rainbow chart 😂

[@lancekosakewich]

Fake money bro.

[@MichaelHasebroock]

Dude, you don't know what you're talking about. Rainbow chart???

[@filmislife77]

The only real take away from this is "not your keys not your wallet"

[@oldbloke204]

Good luck with your USB device when what's on it is worth next to nothing. It all has little utility and only has value because people are hoping to sell it to a greater fool.

[@foxen5071]

@@oldbloke204 You're living life with blinders on, old man.

[@mightymouse9001]

@@foxen5071 oh found the greater fool!

[@Allaiya.]

@@foxen5071 The irony of your comment

[@bregjejabra25]

@@oldbloke204 I could buy your house with it though.

[@markstoltzfus5276]

George is the only co host that Dave actually listens to when he talks.

[@dagobert1234321]

And Rachel

[@captainblando]

That’s because he just parrots dave

[@33ladyRAM]

False

[@jeremiahshafer7474]

Thank you Dave for setting the bottom. See you at the next halvening!

[@pitchfordfamily8306]

❌🔑❌🧀

[@BryanrasonCa]

Ha. Exactly.

[@Micloren]

Exactly. This like the 3rd or 4th time there’s been a correction in the cryptosphere?

[@chris26plus]

He won't get it. 🤣

[@oldbloke204]

@@chris26plus So what's the "truth" then eh? Nothing new here, it's all happened before.

[@The.Dude.Abides.]

This is what happens when you break one of the main rules of investing: "Do not invest in that which you do not understand."

[@javaskull88]

And its corollary, “Do not speculate with money you can’t afford to lose.”

[@fuse911]

@@The.Dude.Abides.theyre both good rules buddy its okay u dont have to be right yall both on the same page lol

[@javaskull88]

@@The.Dude.Abides. Isaac, what are you trying to say?

[@Brandon-xp1ob]

And when you finally do understand it?

[@jeremytonucci2415]

@@Brandon-xp1ob that’s when you can make a boatload off crypto. All these know-it-all’s look hilarious with their posts from a year ago when crypto was bottomed out. They’ll look even funnier at the end of this bull cycle.

[@stephaniehenderson6631]

One of the best investments is using your time to develop skills for life- growing food, cooking, home maintenance, sewing. This is alongside more academic and entrepreneurial pursuits. As well as the obvious benefits it gets you outside and active. Practical life skills will help you whatever happens, I wish it were taught in schools more.

[@Seamice_32]

Imagine missing the Amazon AZR7T on-going presale, HODL STRONG the public sale about to explode

[@zell863]

I want buy it. Please let me know how I can send you money via paypal.

[@GregMoress]

When you say 'explode' -- Do ya mean like FTX??

[@pattilab9584]

Update 5/19/23 Dave: So george their dropping like flies. George: who? Dave: The Banks

[@moonbalancedd]

And yet, the FDIC stepped in and made all depositors whole within days, even those over $250k limit. That's what happens when you deal with banks, even the small ones if they are fdic insured. Don't think the the people in failed crypto coins are getting their money back.

[@Jayc9582]

⁠@@moonbalanceddit wasn’t “failed crypto coins”. That was an exchange.

[@mumenrider862]

because crypto bros borrow money to buy crypto and lose both ways. lol. go get some no money down property... that should be coming around again.

[@Jayc9582]

@@mumenrider862 there are people who use leverage in every form of investment. What’s your point? And not sure what you mean by “lose both ways “. Making money in crypto is simple if you know how the cycles work.

[@rudyjean5550]

also, bitcoin reached a high of 73k

[@porchwookie]

2014 dave said not to invest. It was 600ish when he said not to buy. Its now 2022 and its 17000 dollars. Great advice Dave.

[@christaylor8337]

You imply that a person would have made lots of money. In reality, they would have lost the 600ish.

[@raysilva12]

Lol you missed the point

[@michaelleahy6848]

@@christaylor8337 If you take out $600 when it is $17000, then you are covered

[@godgivesbelovedoak]

No body lost money that had their own keys

[@porchwookie]

@@godgivesbelovedoak keep holding brudda

[@jasonlemon4424]

Just thought I would revisit this video. This video aged like milk, Dave. Dave Ramsey taking L's regarding Bitcoin for almost 10 years now. Bitcoin was $16.9k when this video was made December 1st of 2022 during bear market. 11 months later...price hit $37k. Dave Ramsey: "What happened to Bitcoin bros?" Answer: We never left and been accumulating all year, Dave.

[@Gwaycee]

Accumulate until it all comes crashing again. All that glitters is not gold.

[@jasonlemon4424]

@@Gwaycee Funny how you avoided that all of Dave's BTC videos have aged like fuggin milk. I posted this back in Dec. when BTC was $37k so thank you for reminding me that I need troll Dave more now that BTC is $51k. I have been in this since 2017 so I understand how these cycles work. I'm not new to the game. Looking forward to the next hard crash hopefully sometime in 2026/2027 when I start accumulating again.

[@Gwaycee]

Troll him. The man is so rich, the trolls cannot even touch his financial success as yet.

[@jasonlemon4424]

@@Gwaycee Oh I will troll him and I appreciate you reminding me, Gwaycee. Everyone that was buying BTC/ETH and alts back in the early days/2016 that have become whales would like to have a word. I don't give a fuck about Davids wealth 😂 Again... funny how you avoided that.

[@jasonlemon4424]

@@Gwaycee Michael Saylor would also like to have a word. MICRO currently.. $4 billion in profit. How much does Dave got?

[@kashfortheking]

What’s the American dollar based on again?

[@kenofken9458]

Real economic activity.

[@SSgtBigSwole]

We’re still here and making money!

[@haloking4699]

Not your keys, not your tokens. Get a hardware wallet instead of leaving them on exchanges.

[@mr_digdeeper]

Exactly! I use trezor and exodus

[@SteveReed33]

I look forward to checking in on how well this video ages 5-10 years from now.

[@ericmorrison8772]

Not well.... He will delete it at some point to avoid the ridicule

[@britneyog9537]

Yup!

[@dirtycleansound]

I bet he's buying all the way down

[@Liptor100]

😂

[@lelandfranklin3487]

Probably better than the SBF videos promoting FTX.

[@J6103U]

We are still here baby!!! Dollar cost averaging. $$$$$$

[@thesuperdingos]

Do they understand that these are exchanges? People who put their assets into soft and hard wallets are fine

[@jimmymcgill6778]

That does not fit their narrative.

[@J19118]

They probably don’t want they’re listeners to understand that.

[@WilliamGilbert88]

@@J19118 I agree they left out a lot of details and lost my interest when they said money is spiritual. 😑

[@SB-xu8pi]

It’s hot and cold. Not soft and hard. Lol

[@TCR2025]

@@SB-xu8pi no it’s called a hard wallet.

[@driveby3065]

i want to listen to this ten years from now.

[@Resistance_is_Futile01]

Same result

[@llcross04]

It's going to be worse and Dave's words will have an even bigger I Told You So effect

[@jcherestal]

18 months

[@Dan16673]

@@Jlee-fk9ks link?

[@mazzgoldie9149]

@@Jlee-fk9ks He's human I suppose

[@WherestheLogic297]

Amazing that they don’t understand the difference of shitty company who stole people’s assets, vs the assets themselves actually being bad I thought these were financial experts

[@Brandon-xp1ob]

😂 my thoughts exactly. A 2nd grader could see that

[@benellenberger5610]

Silicon Valley Bank collapsed, so the US dollar must be total scam, lol.

[@floridamankyle5461]

You cant keep fast money, because it never stays with you for long, fast money isnt wealth.

[@Lonovavir]

As the old saying goes, easy come, easy go. Also, if it sounds too good to be true it is.

[@jonathantaylor6926]

Make it quick lose it quicker… downside is always way faster than upside because you need a 100% gain to cover a 50% loss.

[@tristan2332]

True...when younger I tried trading and the quick money always failed to really grow. Most day traders lose in long run. Wasn't till I did index funds over years i grew wealth.

[@JustinCase780]

Miami's crazy super rich party crowd dissapeared into thin air over a few weeks.

[@del5924]

They were never super rich.

[@JustinCase780]

@@del5924 Not true. In spending power with that leverage they were "super rich" for the short ride.

[@rudyjean5550]

well, were back!

[@cecilecorpuz5735]

Like I will always say, if I can't put it in my pocket then it's not for me.

[@douglassmith9445]

You can, it’s called a cell phone.

[@MijoShrek]

I gotta be able to pay for my sins off the radar.

[@glubski9050]

Well this didnt age well now, did it xD

[@philipallard8026]

Salt was used as money in Rome because it was used for preserving food. Remember the phrase “he’s worth his salt”.

[@JoshuaJayMusic]

To go beyond that, the word salary means salt in Latin. So when people say are you worth your salt they mean are you worth your salary are you worth the money we're paying you.

[@aolvaar8792]

Salary

[@tivowillieb]

I’ll bet Dave was against the Internet back in the 90’s.

[@jeremylewis7761]

I think he literally said that when I watched this rant

[@nameinaframeindy]

No one is talking crap about the Bitcoin bros in 2024😂😂😂😂😂😂

[@robertatkins272]

“…trading turds…” -Charlie Munger

[@xZimm11x]

I appreciate that you guys do not remove this/these videos (after clearly not getting it, or not condoning this asset and being wrong). Its not your way of investing or making money, but it IS A way to build wealth. At the very least, acknowledging that after you get to a certain level of wealth, you could perhaps, maybe, potentially, take a risk with a small portion of your money on a speculative asset/endeavor in the hopes it could improve your life...Im guessing that indirectly, Dave owns some sort of exposure to the crypto space via his mutual funds, with companies in said mutual funds investing in crypto or mining ect. If you understand the bitcoin halving and cycles, might just be worth it to take a chance with some cash you dont need and can watch it move

[@silversalvo475]

Dave really needs to learn more about cryptocurrency.

[@airfiero4772]

They wrote a check and the bank bounced. 😂

[@chrissalley9468]

This shows me how bad this crash will be. When this monetary system collapses its going to hurt so many people

[@WillmobilePlus]

There isnt going to be this fever dream fantasy "crash of the dollar", dude. You people have been saying this was going to happen for decades.

[@jonathantaylor6926]

All fiat and all great empires die but only a fool will try to predict when. But it will happen… one day.

[@chrissalley9468]

@@WillmobilePlus It takes decades to materialize. I'm quiet sure Romans at that time thought it would never happen. Centuries from now America will be spoken of in the same breath. Look up the documentary on the 2008 Financial Crisis and see how close we were to collapse. This is far worse now

[@chrissalley9468]

@@jonathantaylor6926 Only a fool wouldn't prepare

[@WillmobilePlus]

@@chrissalley9468 That's a fancy way of saying you have no idea what you are talking about. You clowns dont say this stuff because you thinking 200 years from now. You say this as some scare that it's literally going to happen next week.

[@jasonlemon4424]

This aged like fuggin milk...

[@bassmaster1953]

DAVE, the new generation would NEVER kill an animal to stay warm or barter for food. They have their parents and their basement.

[@sleepmoneyken9234]

I think the best investment at this point in time is a job 😄 .

[@drewjt50]

For a lot of people I agree.

[@SynterraSteen]

C-19 2020 wants to talk

[@lifeisgreat1718]

Yes just work till death and do not invest into anything for the future. Thanks. You just changed my life

[@daleviker5884]

Not a bad call, but I always think the best investment is a working brain. Without a brain for example, you might make money from a job, but then "invest" your earnings into an illusion because that's what shouty morons are doing.

[@Josh-py9rq]

@@lifeisgreat1718 lolll exactly

[@mattschmitt9924]

Wait... Are you saying the imaginary money isn't worth anything?

[@Tylauriente]

Fiat currency is not backed by anything either. Seems pretty "imaginary to me".

[@jayj4439]

Lol

[@jjwallnutts]

@@Tylauriente true, but both are clearly fiat and not backed by anything. There’s no difference

[@malichicu]

😂😂😂

[@ToddBartelt]

@@jjwallnutts Fiat doesn't mean "backed by nothing", it means it's backed by some authority, like the US goverment. Bitcoin has value by the mutual agreement of free market participants, not because some goverment says it does. That's why bitcoin is not fiat.

[@dmach83]

This aged well ………. Stay Humble and Stack Sats ……

[@ryanc9888]

If you purchased $2,000 worth of Bitcoin when Dave made this video you would be up over $40,000 right now LMAO

[@great456789]

I’m not sure if Ramsey has heard of a cold wallet.

[@Corkfish1]

How is that going to help anyone that had their money with FTX?

[@daleviker5884]

A wallet with nothing in it is worth nothing.

[@aaronkennedy1090]

he hasn't, and doesn't care. But we know;)

[@Josh-py9rq]

@@Corkfish1 AGAIN you clearly don't understand the people who are really into Bitcoin are smart and savvy they don't leave their damn money on the exchange

[@Josh-py9rq]

@@daleviker5884 Really BTC is now over 40k how is that fiat treating you after being DE pegged from Gold in the 1970s You are losing value every second you just sound salty. Look it's cool when you move out of your mommas basement maybe touch the grass and do some basic level research you will understand the value of bitcoin it's just gold 2.0

[@EJ84x]

I had money stashed at Blockfi for a year (in GUSD for the interest rate) and pulled it all out in March bc I felt the risk was way to great. Grant it I only had about 6k in it, but thankful I got out before the cards started falling. I feel bad for anyone who didn't but I also remember reading in the terms and conditions that if this kind of thing played out you dont own the coin, the exchange does, and they were borrowing your money and you could lose your balance.

[@musiclover6842]

This you were so lucky that you did your research

[@erikq9788]

Also I remember I would complain under blockfi’s mentions whenever BlockFi would tweet about their “scheduled maintenances” and they blocked me. So just goes to show you 😂

[@beckypetersen2680]

@@musiclover6842 lucky?

[@filmislife77]

Not your keys not your wallet

[@jrmodz6029]

Its granted btw

[@stevewardlaw]

A fool's mouth is his destruction, and his lips are the snare of his soul.

[@Wallstreet193]

⬆️⬆️⬆️💬....

[@jasonkeaton5140]

I never got into. it sounded like garbage BUT I did what Dave says and it worked

[@jeremytonucci2415]

Sounded like garbage? You do realize bitcoin is up literally 9,000,000% since it’s inception, right?

[@jiggytito116]

😂😂😂 $70,000 Bitcoin. Yeah more like store of value.

[@juliojaramillo4579]

@@jiggytito116lmaooo Dave 🤡

[@staytight4237]

Lmao meanwhile I'm up over 175% and it's just getting started lol

[@BerneseNoef]

Just checking in at $50.000 😬

[@justin3410]

This video aged about as well as you Dave lol

[@AliAltun4747]

For the most time of this year if you would invest into anything it is not doing very well I mean that's pretty obvious. But the launch of AZR7T plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet

[@ThatBinghamHikes]

Bot account ignore

[@bigteeist]

My son and a few others tried to get me to invest in that junk thank you heavenly Father blessing me with wisdom 🙏🏾

[@Bigceap5]

Yea. I invested in that junk when it was $300. Thank you heavenly Father blessing me with wisdom 🙏

[@Micloren]

I’d never ask my parent to invest in something they don’t understand.

[@d_all_in]

@@Bigceap5 get out while you can

[@robertatkins272]

@@Bigceap5 man good for you honestly, you got in at the right time, rode the wave, and hopefully cashed out at a good time. But you didn’t invest you gambled. “Tulip mania”, “trading turds”

[@ericomfg]

@@robertatkins272 it's not really a gamble if you understand it and hold it through many crashes. That's more like wisdom and courage.. it's been the same arguments since 2011..

[@ryanc9888]

Bitcoin now has approved ETFs and big institutions are buying Bitcoin like crazy lol

[@dac8939]

Now is time to buy

[@jeremytonucci2415]

Your comment aged well. Unlike this video lol

[@chocoboi1205]

we're fine and up 200% 😂

[@Nick-ji4se]

Sounds like it's almost time to buy!!!

[@BigJon410]

Or catch a falling knife.

[@joshlonon2614]

Don’t temp me.

[@davidrosenthal5795]

Yep, the greater fool rule applies.

[@alejandroolmos3834]

I smell a bottom next year 🎉

[@myytchannel6632]

@@alejandroolmos3834 The bottom always comes in December, January or February. In one of these months is when historical data shows we will see the lowest price.

[@paulstodolny3091]

One thing I learned from you, Dave, is that you only get hurt on a roller coaster if you jump off in the middle of the ride. With Bitcoin, it's just a much bumpier ride than the Stock Market. So yes, if you jumped off at the bottom of all the cyclical crashes, you'd be in trouble. But those of us who have stayed on the ride are reaping handsome rewards. So I thank you for you education. I mean this sincerely, not sarcastically. Bitcoin is just a much more volatile asset.

[@davidgarcia7916]

“Fake money” ohhh just like them pieces of paper?

[@walterpeters6858]

Bitcoin Bros invested their $1200 stimulus check into BTC and are now sitting on $12,000 as of today

[@catherine4339]

Who said if you can’t hold it you don’t own it?

[@leeokubo8498]

The best lesson I learned in B School was, “What is the intrinsic value of the underlying asset?”

[@rainacherienne1010]

And ROI. After I learnt how money work I won’t spend a dollar that doesn’t have return higher than what I invested.

[@analienfromouterspace]

Pretty easy, Asset = Liabilities + Equity

[@Acid31337]

So, you know that intrinsic value is always subjective? right?

[@peteparadis1619]

Like Tulips

[@Run4Ever77]

So, what is the intrinsic value of the US Dollar, Lee Okubo?

[@jcherestal]

So banks in traditional financial sector have NEVER failed right how many bailouts have they had in the past 20 years? Come on guys

[@WillmobilePlus]

20 years compared to the span of weeks. Yeah....totally the same.

[@danmcgregor6920]

Don't forget the Savings and Loan crash. That was a mess also.

[@jamielee4779]

God bless you Dave and for your team, because of your wisdom and teachings my husband and I are almost debt free completely except for the house. We would never have been able to accomplish that without God and your thorough guidance. God bless you sir.

[@teutonalex]

Nothing wrong with a good pyramid scheme as long as you are in and out quick and don’t actually believe your own news releases.

[@TheAazah]

It also depends where you are on the pyramid scheme. You don't wanna be at the bottom. You want the top. Don't encourage people to join a pyramid scheme.

[@UrbanNaturalist]

Spiritual? You make it sound so noble. We print dollars to fund wars and create more debt

[@jameskocks4734]

dying? no just buying the bottom. i just don't put all my cash in one thing. love you Dave good people can disagree.

[@jimhandler1129]

Quick easy money is never the way to wealth.

[@cgo225]

I think you'd agree that actually it is - but for other people, not for you.

[@jimhandler1129]

@@cgo225 For wealth, I'm referring to long term. Not many people can earn money quickly & maintain wealth. If they earn it quickly, they will most likely lose it just as fast, similar to winning the lottery.

[@Tjensen999]

Anyone want a tulip? 😂

[@Lonovavir]

I'll buy a box from you in exchange for a stock share of the French Mississippi company.

[@jasonlemon4424]

That tulip would be worth $38.2k. $21.6k in profit in less than a year.

[@SuperKyle309]

Precious metals are holding strong though 😊

[@arnoldfarias5101]

The guest, Graham Stephan, made people lose a lot of money promoting FTX. Disassociate yourselves from that financial 🤡.

[@Micloren]

I doubt Graham Stephen has ever written a single line of code in his life. He probably can’t even explain blockchain or how cryptography (ubiquitous in every day life) works. Therefore, anyone that took his advice did so from a place of complete ignorance. That would be no better than taking Dave’s advice without at least doing some basic math to confirm various points he makes.

[@terelocklear9513]

Wonder what Dave's gotta say about the Feds new announcement digital currency

[@sgonged]

I doubt it will be used on "exchanges"

[@fanmaxis3004]

That its money laundering?

[@BlueLotusGhost]

"fake money" - literally every fiat currency

[@scarpfish]

Except you can spend that "fake" fiat currency on real things in the real world, something every person not in your cryptosperm brolambohodl bubble understands, but seems to be a foreign concept to you.

[@BlueLotusGhost]

@@scarpfish youre clearly a very frustrated, angry, weak man. Be more kind to others and maybe good things could happen in your life. Have a great day

[@blexaarron]

@@scarpfishyou are the definition of a close minded person that has to result to insults to argue your point. Except you don’t have a point. You’re smug just like Dave in this video.

[@daleviker5884]

@@scarpfish hehe, well said.

[@whybitcoinwins]

@@scarpfish If you studied the history of money, you'd realize money first starts off as a collectible, then a store of value, then a medium of exchange, and finally a unit of account. We're clearly between the 1st and 2nd stages. Bitcoin has scarcity, fiat does not. Look at the purchasing power of the dollar since 1913... it lost over 96% of its purchasing power.

[@carl8830]

Bottom signal!! See you next halving Dave!

[@goldgeologist5320]

The tulip bulb event of the early 21st century.

[@JakeAkstins]

Need an update video

[@joboee]

I am waiting for the Real Estate Bros to go bust so families can actually afford homes

[@davidrosenthal5795]

Yes!

[@carlosmiro4932]

That ain’t gonna happen in CA, real estate bubbles and real estate bubble bursts are a fixture here and have been for decades. The end result is ever skyrocketing real estate prices.

[@JA-zh5xi]

Sorry - most of those bros are multi-billion dollar hedge funds like Blackrock.

[@robertatkins272]

Me too!

[@rainacherienne1010]

Waiting.

[@TheZebracakez]

Huh, still here.

[@tristanpina2666]

I wish Dave knew what a self custody wallet was...

[@joshuakelly9743]

Yep!

[@newdeal_99]

if you reach into your pocket and find lint and I stored my lint in my friends pocket and his pants caught on fire I wouldn't feel that I had lost anything that you gained since the item in question had no value anyway. If one day people went crazy and started paying large money for lint, and stored it all in someones pants and then everyone who was storing it had their pants catch fire many many people would no longer want the lint because too many people with it had it get burned up and therefore the person who kept the lint in their own pocket still loses value because there is no supply and demand when the object is useless anyway

[@kennethb6211]

Unless society craved fire then fire lent pants are the hottest commodity!!!

[@investingingeorgia8853]

I don't think he will need one...

[@jonathantaylor6926]

Lol who cares if you bought at 60k you still have massive losses even in cold storage.

[@dylankaloo4892]

We’re still here Dave 😅 PS always love your shows

[@Spindle1532]

I used to really enjoy listening to Dave on the radio, but after I subscribed to his youtube and was just constantly getting clickbait titles/images, his smugness and the drama I quit subscribing and just don't like him as much as I used to. I miss the old Dave Ramsey that was focused on actually helping people in situations and wasn't so focused on all of this color commentary BS and trying to farm react clicks.

[@Bigceap5]

Most people who get their financial advice from youtube will lose money. Learn to do your own research and don't follow people who are late to the party.

[@csmay]

So you’re going to tell me there’s no value in a peer to peer payment system that is decentralized, permissionless, and that can settle basically instantly?

[@snipes503]

The way I see it is that this is indeed useful without a doubt. This problem right now is that a lot of the early warnings that were given out about this new thing went ignored and some people are paying for it. However I do think things will adjust perfectly fine. Just needs time.

[@DatBoiLui]

@@snipes503 just need 15 more years lol

[@fonz-ys6xu]

It will take hold one day. Dave just told people not to invest in it as if it was a good path to building wealth. It was, and is a high risk investment.

[@brettpindell2196]

Do you mean as tobacco was used in the nineteenth century? No, it didn't work out. So, that is correct, there is no value. The dollar is an ongoing instrument because of a degree of centralization.

[@snipes503]

@@DatBoiLui Lol who knows I don't have a dog in the fight. That's just my armchair Internet nerd observation.

[@adriatikusgroup454]

Dave Ramsey the only credible voice with integrity about money.

[@SimplyRed11]

Warren Buffet too

[@spencerloch6449]

I’ve been listening to The Money Guy too who seems to have great integrity with astute teachings - similar to Dave’s actually

[@scarpfish]

Dave isn't the only credible voice out there. There are also times when Dave isn't all that credible.

[@cheryllees3655]

Well a year later he doesn’t seem so credible anymore. When it comes to crypto, he hasn’t been the least bit credible for the last 10 years.

[@Renata.0110]

I thought you’re talking about the ones that had died unexpectedly. One of them was found drowned fully clothed, had his wallet on him, right after twitting about being threatened by two secret agencies.

[@IvyPlans]

Follow your common sense...not your greed.

[@deepmarsh]

What is the opinion of this show when it comes to investing in farmland?

[@spankynater4242]

He’s been pretty clear about that, pay cash, don’t borrow.

[@chuck5553]

I haven’t invested anything in that crap…..I’m buying the stock sales going on rn

[@Lon1001]

Better hurry it looks like it's been rallying for a month now.

[@bradmiller6507]

I’m utterly shocked that institutions based on fake money would collapse. Who’d have guessed that this could happen, well I mean other than people who are familiar with the history of financial scams, they’d have seen this coming.

[@MyLifeThai371]

GREED

[@Allaiya.]

@@thefishhobbyist5478 it’s been around longer than you have I bet.

[@elkiq95]

January 2024 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@WayneTower-f3s]

It will be even funnier when BTC hits 100k😂😂😂

[@PTLB777]

To be fair, it went from 20k in 2017 to 3k in 2019 so let's give it some time and see what happens

[@gt0703]

It all depends on if the holders can drum up more hype to get new money in, if they can it could go up again, if they fail it will just stagnate.

[@jasonlemon4424]

What is Bitcoin worth right now?

[@AB-mg5sx]

They used salt also!

[@alinatamashevich3354]

All these zoomers thinking they are going to show Dave what up. Priceless.

[@jeremytonucci2415]

Actually Dave is the one that looks like a clown now that BTC is back around 50K. And your comment didn’t age well either.

[@alinatamashevich3354]

@@jeremytonucci2415 And nobody cares about Scam-coin

[@jacobcruse4539]

Still HODLING.

[@captainkrunch6372]

SBF will look good in stripes.

[@MikeBoardley]

News flash Ramsey & Co. The same thing can happen in the fiat world that happened to FTX & BiNance. Bernie Madoff anyone? If everyone in the U.S. ran to the bank to get their money out, everyone would be in a lot of trouble. Stick to what you know Davey.

[@blackspiderman1887]

George is so funny lol