I’m so grateful for the social security enlightenment. As a self-employed artist, I never did any pensions and I’m just so happy that I’m developing legitimate money making muscles for the first time in my life. Big thank you. And for getting me on the SOL train starting at 8 bucks.
I will be 62 next months and already signed up to take out social security for the same reasons you mentioned. I can invest that money so much better and will be so much better off than waiting to 67 or even 70 like some people. I will have my margaritas on the beach in the meantime.❤😊
Thank you James. My portfolio is up 110% thanks to you. Can’t believe that such valuable information is available on the internet completely free of cost. God bless you.
@@asdfzxcvqwerasdfMost people don’t, because they know that BTC will keep gaining value against fiat currencies, so the loan amount gets smaller every day compared to BTC
The SS calculation doesn't even take into account losses due to inflation, which over a person's working lifetime will be enormous....I always say I'd rather lose money investing it myself than make money letting somebody else manage it, because in the former case you become more educated and independent, and in the latter case you become more disempowered and dependent.
People have such ptsd from this year it is insane. 4% dip in one of the world's most volatile assets on a low-volume weekend and people panic. How are they going to make it through the 20-30% drawdowns from hell?
In Canada, spending your Bitcoin is considered a taxable event. It's no different than selling it for Canadian dollars and then buying with those dollars. Stupid, I know. But for now, that's how things are.
James, you just blew my mind concerning when to take social security. Put in $600,000, die at 74, get paid $250,000 in depreciated $$$. I'm getting out at 65, next year!!!
Might be complexe a little but in Canada I think you can create a non-profit , give your crypto to it, don’t pay taxes and be the administrator of it , and just pay you a salary each year + expenses etc. Might depend of which province you live in.
In the USA you are forced to pay into social security and when you want to actually collect it on the other side, they limit your working income to a very low amount. So you can’t work full time and collect. They get you coming and going!
Thanks again James. As a retired Aussie in Thailand my biggest fear was the debasement of my AUD! Now enjoying the crypto ride thanks to your non financial advice😁
No profit taking strategy can be considered optimal if you’re picking an expected top range. It’s *independent* of the asset. There already is one on YT & it optimizes the geomean of cash out and investment value. Sell 2% every 10% gain. Done.
James do you think that we get a dubble top this bull? Mening ALTs krash at end March 2025 (when ppl prepare to pay taxes in US, also known as ”sell in may go away” so that we get bottom in July but that we later get another run meaning another ALTs rally in autumn/vinter 2025? Would appreciate your thoughts on this, thank you.
James, is there a way to calculate what the bottom will be in the bear for solana so we can have our investment funds ready to go after the bull is done?
I appreciate all your hardwork and alpha. I was wondering if you could do an updated snapshot of your portfolio allocations by % NFA. I know a couple years ago, you had 50% tsla, 45% mstr + bitcoin, and 5% sol I assume those percentages have changed because of the massive outperformance by mstr and sol, and the outperformance of bitcoin of tsla. Thanks again James 🤙🧡💪
Awesome sunday video as usual. Quick question re your discussion around selling mstr calls at the end - did you say around 600 would be your point for selling calls on the weekly? do you think these would be filled with no issues ?
Portugal isn't flawless, but we do have fairly balanced regulations. For instance, there's no tax on Bitcoin gains if you hodl the asset for more than a year. However, if you sell your Bitcoin within a year of your most recent purchase, you'll be subject to taxation. It's also worth noting that every time you buy additional Bitcoin, the hodling period resets, requiring you to wait another year before selling if you wish to avoid taxes.
Step 1 : swap all your ETH for SOL if you haven't done so already Step 2: hold SOL until it goes to the moon, then swap it for BTC Step 3: sell your BTC when it goes to the moon. Step 4: party
James can you find another MSTR for us please mate ?? There’s meant to be a few companies starting to do what Michael saylor has ! What are their names and should we put money on them ???
Thanks for the great content. I heard mention of the PERPs SOLANA advice since joining Patreon - are there extra models or videos like this in the patreon? Also, how do I get the trading view profit taking layers graph and advice on how to use. Thanks
Actually WBTC Perp on Jupiter does not have Liquidity today. I have a very modest long going and I could not increase the position as price came down. Very unsettling.
t=10:50 and that's the beta?!? ~ OMGoooodness!! GORGEOUS!!! Can't Wait!!! =) ~ Haaaaaaaaaappy Sunday FAM! ~ Priiiiiiceless Q&A!!! ~ This one Goes TOPS... of the current list. *I LEARNED A COUPLE NEW THINGS!!!* ~ *and not the "Don't Do this At Home Children" part. ~ Been there done that... DON'T DO THAT! ~ FA!!!! x'D~ don't get clever. Don't break the law *even if there is none yet* ~ It's for the Grandkids. ~ Has to be Above board. Now we get a chance to do it... LEGIT! ~ *I'm still hounding Gary... Every night... see him leaving... *YOU FORGOT YOUR FAVORITE STAPLER!!!* j/k *We're Here Fam. ~ We did it.* 👍👍👍 That aint beta... that's a CRuuuuuDE! Model. xD~ *Can't Wait!!!
I hate the way of the government and all the corruption it does. But we have to be fair: you are not only paying for your pension. Also for the streets, schools, fire departement, police, garbadge men, etc.
Great vid :) you mention the bull market is near over, but to me its just getting started, most alts specifically aren't even close to their ATH. I follow cycle theory though, projecting we have another year of up to go
I am not confortable selling at the top to reenter lower, I dont want to miss the boat in those crasy times it seems different with institutions and countries joining the party, maybe build some cash in case of black swan
Hello James. Would you recomend DCA now into bitcoin, go all in now and try to time the bear market, or wait for the next bear market and buy the dip? I had some mstr but the 30% pull down made me sell. And I regret it. I know its very risky to enter now so thats why Im asking. Thank you for all the info.
Debt is great until the market turns and punches you in the face. And then you'll have to sell your assets at a low to pay off your interest payments. And as the market keeps dropping, you panic and sell more of your investments at lows. Then you'll have very little of your original investments left and wonder if you know anything at all. Don't borrow unless u can pay the interest cost for at least 5-10 years.
I have doubled my TFSA account here in Canada because of you. Thank you for teaching us everything you find. You truly are a gem.
@@DankieOne101 awesome 👏
I'm so glad!
From Canada also how did you transfer bitcoin the coin to tfsa.
I have IBIT etf and other etf
In tfsa but no Bitcoin .
@theflashzoom i held my bitcoin natively. And my tfsa is purely tsla mstr clsk and bitf
Don't worry, They seize it, freeze it or tax it shortly.
I’m so grateful for the social security enlightenment. As a self-employed artist, I never did any pensions and I’m just so happy that I’m developing legitimate money making muscles for the first time in my life. Big thank you. And for getting me on the SOL train starting at 8 bucks.
woooohoooo awesome stuff
What about Tsla
@@timgribble2699 Rotate when bearish, prob mid 2025 ~
I will be 62 next months and already signed up to take out social security for the same reasons you mentioned. I can invest that money so much better and will be so much better off than waiting to 67 or even 70 like some people. I will have my margaritas on the beach in the meantime.❤😊
Excellent!
These hard truths are EXACTLY why I will always follow your channel. NO BS. THANK YOU❤
Thank you James. My portfolio is up 110% thanks to you. Can’t believe that such valuable information is available on the internet completely free of cost. God bless you.
CPP (Canadian version of SS) being a scam is why pulled out of it, and started investing 10 yrs ago.
Thank you James
Great contents as usual, a pleasure to watch James first thing in the morning in Asia. James makes my day
Morning!🎉❤
With James, the world is a better place! Thanks you and your team for your hard work! Greetings from Germany, Freiburg, my friend!
Leverage btc, or any asset, as collateral for a loan... NEVER SELL AN ASSET. Zero capital gains, write of interest.
How do you get a loan against your BTC?
What do you use to pay down the loan? I never understood this
I wish. Only in the USA can you write off loan interest. Can’t do that in Canada
@@asdfzxcvqwerasdfMost people don’t, because they know that BTC will keep gaining value against fiat currencies, so the loan amount gets smaller every day compared to BTC
@@GG.510 swap it for cbBTC or wBTC and lend it on a lending platform. you can then borrow stablecoins against it
The SS calculation doesn't even take into account losses due to inflation, which over a person's working lifetime will be enormous....I always say I'd rather lose money investing it myself than make money letting somebody else manage it, because in the former case you become more educated and independent, and in the latter case you become more disempowered and dependent.
I LOVE YOU MAN!!! You've changed my life!! ❤
People have such ptsd from this year it is insane. 4% dip in one of the world's most volatile assets on a low-volume weekend and people panic. How are they going to make it through the 20-30% drawdowns from hell?
Here in Germany we do not pay taxes if we keep the coins for a year, if we sell within a year, the profits are taxed expensively up to 45%
We all love James, Elon & Michael
In Canada, spending your Bitcoin is considered a taxable event. It's no different than selling it for Canadian dollars and then buying with those dollars. Stupid, I know. But for now, that's how things are.
I can’t wait for Poilievre to be elected. He is a Bitcoin maxi and hopefully he will change the legislation crypto and BTC legislation
all is not well in Mooseville
This is also true in the USA. Buying goods or services are taxable events.
been loving the vids lately. You're my favourite crypto guy on RUclips at the moment.
Stop apologising for being honest James.
We should all aspire to that. It’s not what you say it’s how you say it that really matters. 🚀
We are so lucky to have James. Thank you so much for your hard work.
Americans pay so much social security how is it you don’t have free healthcare?
weird huh
Wait til you find out our gov doesn’t even fund themselves with our taxes, they just print it
Great stuff James. Can't wait to see your update on sol alts. Seems like a massive opportunity
Fingers crossed!
Thanks for helping the animals James!
James, thanx for your cares n helps for animals！ you are a king n generous person. God bless all dogs n animals n kind people ❤❤
@46:16 the emotion in James voice is amazing 😂 but it's totally true cheers to all those who got in!
James, you just blew my mind concerning when to take social security. Put in $600,000, die at 74, get paid $250,000 in depreciated $$$. I'm getting out at 65, next year!!!
Hoooray! James answered my question!! 🎉
Where do you post the questions?
on Discourse
Hooray murray!
Might be complexe a little but in Canada I think you can create a non-profit , give your crypto to it, don’t pay taxes and be the administrator of it , and just pay you a salary each year + expenses etc. Might depend of which province you live in.
I looked into that before and I found that we can’t do that in Canada. It’s a great strategy for Americans though.
Favorite quote "no offense to the government btw...love your work...great stuff"
Lol
Glad you enjoyed it
In the USA you are forced to pay into social security and when you want to actually collect it on the other side, they limit your working income to a very low amount. So you can’t work full time and collect. They get you coming and going!
Thanks again James. As a retired Aussie in Thailand my biggest fear was the debasement of my AUD! Now enjoying the crypto ride thanks to your non financial advice😁
MSTR went down so much because of Citron shorting Report with Andrew Left......he obviously made his money and got out.......
No profit taking strategy can be considered optimal if you’re picking an expected top range. It’s *independent* of the asset. There already is one on YT & it optimizes the geomean of cash out and investment value. Sell 2% every 10% gain. Done.
I agree with you. It's better to DCA out per unit time or per unit gain (as you recommend). Trying to predict levels is a fools errand.
Not only the best Alpha, but you have one of the best dry humors ever! No offense to the government by the way, great work, love your stuff. 🤣🤣🤣🤣
'No offense to the government, love your work, great stuff', 😂😂😂
A Big Thank you from India 💐
so happy you are here with me
@InvestAnswers I am Glad I found you in 2021 . Prep trade is the latest learning🙂
Excellent analysis of Social Security. Good question. My thinking exactly but with good numbers to back it up!
James do you think that we get a dubble top this bull? Mening ALTs krash at end March 2025 (when ppl prepare to pay taxes in US, also known as ”sell in may go away” so that we get bottom in July but that we later get another run meaning another ALTs rally in autumn/vinter 2025? Would appreciate your thoughts on this, thank you.
thanks for spelling it out, i knew it was a bad idea but i never realized how bad a deal SS is.
Thanks for all your hard work. Much appreciated and always looking forward to your next video. Enjoy your thanksgiving
Thanks, you too!
"No offense to the Gov. Greatt work. Love your stuff." 😂😂😂😂😂😂
Thank you James. I Am back and I have doubled my portfolio doing smarter things with your wisdom sharings.
You're right, James. I think Saylor bought it on Sunday morning! I just can't get my head around the steep drop
Totally helps! I am selling my investment property, you made the case so well. Gracias James
Perfect!
If James ever stops doing videos, I don’t think I’ll get the same gains ever again 😬😂
James is Neo who escaped the matrix and helps us too!!!
*misinformation warning: using
btc to pay for things still means you have to pay cap gains of the current $ value at time of txn. 🤦
Missed live but still as good, thank you very much James 🎉!
And sorry I missed you Sean !
THANKS Luke YOU ARE A GOOD MAN 💯 💪 👍
I have equal parts BTC and IBIT. When l take profits, is it better to take one vs. the other? Thank you
James, is there a way to calculate what the bottom will be in the bear for solana so we can have our investment funds ready to go after the bull is done?
100% agree on your facts about SS.
it is a sad ponzi
So are we expecting a MSTR spike in premarket tomorrow? Previously it dips on news of a big Saylor buy
I appreciate all your hardwork and alpha.
I was wondering if you could do an updated snapshot of your portfolio allocations by %
NFA.
I know a couple years ago, you had 50% tsla, 45% mstr + bitcoin, and 5% sol
I assume those percentages have changed because of the massive outperformance by mstr and sol, and the outperformance of bitcoin of tsla.
Thanks again James
🤙🧡💪
i share on Patreon twice a week
Pyth is trash... Buy LINK instead 💪
FLUXB is going to blow up once their new DEX is done.
Just the facts , always. Thank you James!
And the pumpers keep on Ponzi-ing. To those of us with common sense, this is incredibly entertaining to watch.
Awesome sunday video as usual. Quick question re your discussion around selling mstr calls at the end - did you say around 600 would be your point for selling calls on the weekly? do you think these would be filled with no issues ?
COIN MARGIN perps ia THE way to go, its amazing. Especially in bullmarkets
Portugal isn't flawless, but we do have fairly balanced regulations. For instance, there's no tax on Bitcoin gains if you hodl the asset for more than a year. However, if you sell your Bitcoin within a year of your most recent purchase, you'll be subject to taxation. It's also worth noting that every time you buy additional Bitcoin, the hodling period resets, requiring you to wait another year before selling if you wish to avoid taxes.
thank you james for all that you do
The Pug abides. Pug pickin out Lambo interior.
Step 1 : swap all your ETH for SOL if you haven't done so already
Step 2: hold SOL until it goes to the moon, then swap it for BTC
Step 3: sell your BTC when it goes to the moon.
Step 4: party
Never sell your bitcoin
@egroegization Nothing wrong with selling your BTC once it has risen high enough to enable you to buy anything you want for the rest of your life!
Greetings from Greece ♥️
Stated differently: Social Security is for people who are not smart enough to make more money by themselves.
James can you find another MSTR for us please mate ??
There’s meant to be a few companies starting to do what Michael saylor has !
What are their names and should we put money on them ???
Semler Scientific. 🎉
Thanks for the great content. I heard mention of the PERPs SOLANA advice since joining Patreon - are there extra models or videos like this in the patreon? Also, how do I get the trading view profit taking layers graph and advice on how to use. Thanks
Thanks James definitely taking more profits this time around 🤪
the hard truths are the best! Keep em coming :)
will do - no time for sugar coating
Actually WBTC Perp on Jupiter does not have Liquidity today. I have a very modest long going and I could not increase the position as price came down. Very unsettling.
CGT is brutal. Governments really think nothing about the individual
No offense to the government, love your work😅
James could you please do a perp trade video for dummies video?
Where can I follow you perpetual trading SOL as refered to in this video? And where can I find your AI profit taking tool? Love you channel!!
Penalties of 50% may apply to earnings over the annual limit of $22,320. Applies to those who withdraw before their full retirement age, 67 for me.
Pure Alpha 🎉 Thanks James !
Interested to hear your theories on why life expectancy is tanking in the US.. you just teased us with it.
Always grateful. Much appreciated, James. Thank you
Thank you so much James! We love you ❤
I love your work government 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Thank you, James. Cracking show!
❤❤❤
I've been to many places
I've seen so many faces
But nothin' compares
To these blue and yellow purple pills
Lyrics that fit the show 😀❤
Is it still early days to buy tesla or should I wait on a dip? Holding for long term
Amazing as usual. Thank you for all that you do.
I predict amazing week ahead! Thanks James
t=10:50 and that's the beta?!? ~ OMGoooodness!! GORGEOUS!!!
Can't Wait!!! =) ~ Haaaaaaaaaappy Sunday FAM! ~ Priiiiiiceless Q&A!!! ~ This one Goes TOPS... of the current list. *I LEARNED A COUPLE NEW THINGS!!!* ~ *and not the "Don't Do this At Home Children" part. ~ Been there done that... DON'T DO THAT! ~ FA!!!! x'D~ don't get clever. Don't break the law *even if there is none yet* ~ It's for the Grandkids. ~ Has to be Above board.
Now we get a chance to do it... LEGIT! ~
*I'm still hounding Gary... Every night... see him leaving... *YOU FORGOT YOUR FAVORITE STAPLER!!!*
j/k
*We're Here Fam. ~ We did it.*
👍👍👍
That aint beta... that's a CRuuuuuDE! Model. xD~
*Can't Wait!!!
Thank you so much James and Team❤
Great answers James 👍🦋
I hate the way of the government and all the corruption it does.
But we have to be fair: you are not only paying for your pension. Also for the streets, schools, fire departement, police, garbadge men, etc.
James looks like Wolverine !
He got that term when he first started. Yeah 😅
Great vid :) you mention the bull market is near over, but to me its just getting started, most alts specifically aren't even close to their ATH. I follow cycle theory though, projecting we have another year of up to go
Good show today ❤
Glad you enjoyed it
About 10 hours ago, btc and alts fell hard and bounced back!
So beautiful that i witnessed it. I love it and took the opportunity ❤❤🎉🎉
Thanks you very much James
love what you guys do. BRAVO!!
I am not confortable selling at the top to reenter lower, I dont want to miss the boat in those crasy times it seems different with institutions and countries joining the party, maybe build some cash in case of black swan
Can you do a video of Tesla with bitcoin and what’s the asset allocation between those two for my portfolio? It’s the only two I own.
IA community members depleting the Jupiter liquidity by going hard on SOL PERP, and James cannot get in. 🤣🤣🤣
Hello James. Would you recomend DCA now into bitcoin, go all in now and try to time the bear market, or wait for the next bear market and buy the dip? I had some mstr but the 30% pull down made me sell. And I regret it. I know its very risky to enter now so thats why Im asking. Thank you for all the info.
Is there a way to borrow against your micro strategy bag or will there be in the near future?
Debt is great until the market turns and punches you in the face. And then you'll have to sell your assets at a low to pay off your interest payments. And as the market keeps dropping, you panic and sell more of your investments at lows. Then you'll have very little of your original investments left and wonder if you know anything at all. Don't borrow unless u can pay the interest cost for at least 5-10 years.
Thank you James.
Hi James, what do you think about MultiversX (EGLD)?
So is cleanspark a good buy?