WARNING: There are a number of scammers who are using my image and channel name to try to connect with my viewers on WhatsApp and other platforms to scam them. Just so you know, I will never refer you to "my personal trader" or try to connect with you personally to sell you something. I am trying to ban these scammers as quickly as they pop up. You can always recognize a scammer by clicking on the image and seeing how many videos he has. All of these guys have zero videos, while I have hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters. Follow me on Twitter @mattkratter
I’d rather borrower against my bitcoin at a very conservative loan to value ratio and use the monopoly proceeds to cover my fiat life expenses. Will likely take years before we have sufficiently trustworthy lenders to custody the pledged collateral, but I’d rather take that risk than the risk of selling the best collateral in the world.
You might consider using Unchained Capitol, where you can do collaborative multisig cold storage but you can also borrow against your Bitcoin with them (and you will still have control of one of the keys).
Me as well. It's not really as safe option yet. Hopefully in 5 years or so, we will be able to do it safely as opposed to giving it to a CEX like LEDN for 13% interest on a 50% loan to value.
@ronatola Yeah, the interest rates will continue to decline over time as the Bitcoin lending platforms mature and Bitcoin's price in USD increases. My long-term plan is to borrow against my BTC stack, as well. But I will wait until BTC gets to certain adoption levels and USD price.
Fortunately I'm in a position where I don't need to tale profits. Hopefully I don't need it in the future. I'm going to download this video and put it on a drive taped to my ledger. When I eventually give my 12 year old daughter my bitcoin, there will be a note to watch this video. Hope she makes good choices. Thanks Mathew.
Its not simply just about having the need to take profits, its about doing the best one can. I have to believe if you ever invested money in any asset is because your intention is to make profit out of it. What can guarantee you that BTC will be a successful asset in 5 10 or 20 years????? Technology moves ridiculous fast, it may happen BTC will be replaced by a superior concept a superior technology that provides better benefits etc. Hence taking profits is a mechanism to guarantee your investment is successful. There is something called RISK MANAGEMENT, it seems to eb many people here never heard of it
@@bullsharkdb You’ve successfully displayed your lack of understanding of bitcoin’s unique fundamental value proposition/utility. The wheel was an innovation that forever changed the world because, from an engineering standpoint, you can’t innovate a better version of the wheel. Bitcoin is similar because it possesses the ideal characteristics of hard money/store of value. Those characteristics being: absolutely scarce and decentralized (to name a couple). Can you think of a better way to create absolute scarcity besides having a limited supply of something? How about a more decentralized protocol, can you innovate something better than proof of work? Study the fundamentals, and stop regurgitating mainstream financial tropes, you’re embarrassing yourself.
@@Johntron08 BRO It seems to be you do not understand the reality of the world we live Today. Nevertheless, even if you were 100% right, I was talking about taking profits as a result of a simple mathematical formula and common sense. During the life of BTC, at least 50 times BTC went down between 30 to 40 %, to regain profits (swing trading). From the point of view of a trader, who engage in swing trading that is a phenomenal DATA, to make profits. From the point of view of an investor the same. At some point in 2 4 5 years at some point BTC will enter a bear market again, and will re start the process, as any other financial asset does. Whether btc will change humanity or not, time will tell. You can bet your balls on it and lose them, who knows. What is a certainty is assets go through swings moves and volatility affects their price, at certain time frame. I talk profits, you talk saving humanity. FYI: I comprehend the mechanics of BTC better than you think, but I am a trader. Traders we do take profits when the opportunity is there. I am a Libertarian, a classic Liberal (not a liberal as in USA, nowadays), dont consume main stream media, you are extremely judgemental, you know nothing about my persona. Embarrassing myself? I am a decent person, chill out kid. i have been trading BTC likely before you even heard of it and if you read carefully, which you didnt, you would have noticed I mentioned that part of a profitable strategy is having some of one's stack of BTC held (preferably in a cold wallet). newbies scream like you, like an hysterical woke teen. chill out kid
If you are this reading this note right now oh precious daughter, your father was run over by a tractor. But on a more pertinent note, please watch the following Bitcoin video..
@@bullsharkdb BTC was improved like 2 years after it came out by Charlie Lee with Litecoin. First movers always have a huge advantage, I don't suspect it will change. BTC is BTC. Doesn't matter if other things do everything BTC does but better, it's still not BTC. But ultimately, that's the real risk you take.
Your assuming the million dollar profit will buy you anything of value. Your BTC win everything else lose, ad nauseam is reflective of a very closed mindset.
This is the plan, buy good home, self sufficient on energy, food etc. grow and farm your own produce. live a happy life... and protection of course to blow away the zombie mobs.
I like to hodl my bitcoin too but it doesn't hurt to buy some land (for farming and a self-sufficient life), a nice house for your family..and of course travelling around the world! Hey, we won't be able to bring those sats to other side, better spend some in this world :)
I emigrated from Russia after they started sending common folk to the war. I never lived in a rented apartment in my whole life, but now I have to. Saving money in Bitcoin to buy a new home abroad doesn't seem like a bad idea. For now, I don't have plans to sell my property in Russia, there is still less risk for it to be confiscated or for me completely losing access to it than if I buy a new apartment in a country where I don't have citizenship or residence permit.
While I don't think taking profits in fiat is smart, I believe one should spend Bitcoin whenever they have the chance on goods and services. This is the only way to create a circular economy, because only being able to "buy" Bitcoin is just as bad as only being able to sell it.
You could take some profits and buy a business. Also, so what’s the point of owning bitcoin if it doesn’t increase your quality of life? You could be a decamillionaire on paper but still be living like a bum. That doesn’t sound very appealing
I think you have to put people into two separate groups. There are people who buy bitcoin as a strictly speculative exercise to make a profit (fiat thinkers) and could care less what bitcoin is or ever will be. On the other side you have the people (like Matthew) who view Bitcoin as an investment in the greatest store of value instrument that has ever existed and will always increase in value and makes no sense to ever sell it. If you are only speculating (fiat thinker) then yes it probably makes sense to take profit at times. If you view Bitcoin the way Matthew and lots of others do than it makes sense to never sell.
Great video! Can you PLEASE do a video explaining why you insist on never selling your bitcoin at any price? I can’t wrap my head around the concept of holding a non-productive asset forever since i see no way to benefit from it in the real world.
Agreed. What video doesn’t touch on is how to become “rich” ie actually enjoy the fruits of its appeciation, if you can’t take profits. What is the point of HODLing if it stays forever locked away? We go to the grave with all our BTC in cold storage?
@@Bitcoin_University A productive asset produces a monthly income which i can use to live off of. Examples: $500k in US Treasury bills produce 5% interest = $2000/month. $240k in Rental properties produce 10% annual returns = $2000/month, Dividend stocks, etc. All of these are productive assets i can use to live solely from the interest. Gold and bitcoin are not productive assets and do not produce any yield to live off of. So how exactly can a person live off of their bitcoin? Or gold? And if you NEVER sell your gold or bitcoin in your lifetime then how is it any different philosophically from fake money you print on your office printer and then lock in your safe? It’s only real when it’s realized in the physical world otherwise it’s just a mental abstraction. Wealth allows people to be more free such as the productive assets i listed above, so how does bitcoin or gold allow someone to be more free if it’s never sold and produces no income? Serious questions that I’d love to hear someone explain to me. I currently own bitcoin, gold, real estate, treasuries and land, but i don’t see the point in converting productive assets into non-productive ones because then I’d be less free and have to actually work to pay my living expenses as opposed to living 100% from my investment income.
@@mothradave My thoughts EXACTLY! Bitcoin and Gold are wealth storage batteries but they can only store wealth and are non-productive assets which do not produce any yield like rental properties, dividend stocks, treasury bills, etc. If you lock away $10 million in bitcoin and never spend it before you die then was it even real? How is it any different philosophically from just telling everyone you have $10 million in your safe but you never spend it? It’s only real when it is real-ised.
@@mothradaveThis is where collateralized loans come in. Rich people don't stay rich by selling off their valuable assets, instead they take low interest loans against their assets and enjoy the fruits of their labor that way. This is also how they avoid paying any taxes since taking a loan is not considered a taxable event. How do you pay off the loan? Take out another loan to pay off the first and rinse and repeat. With an appreciating asset like Bitcoin you can do this forever and never sell a single coin as its value outpaces what you owe. Such loans exist right now for BTC but only from a few places but that will grow as adoption increases. But yeah that's the cheat code of wealth, hope my explanation helped!
You have such a pecimistic view for everything outside of crypto, even though taking away your crypto for governemnt would be very easy if they wanted to. Just look at places like China
At some point we want to build a home with Bitcoin here in El Salvador and be mortgage free. Currently we are renting. The timing is difficult for us because we know the value of the Bitcoin we spend will increase faster than the value of the real estate, and that this will always be true. So building a home means sacrificing a lot of future wealth. For example, if we build for $150,000 worth of Bitcoin, the time will come where that Bitcoin would have been worth $1,500,000 to us. In terms of opportunity cost, that's an expensive house indeed. That said, we need a home. We are in our late 30s early 40s and don't want to rent for much longer. It's a tough one.
@@Bitcoin_University It doesn't have to be exactly at the top.... If we get above the previous alltime high you can start with taking small profits now and then
The fact is that BTC symbolizes the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal, i earned 27BTC starting with 3.6 BTC in just a few weeks implementing Howard daily trades. I managed to collect more than tips and tricks.
So the moral is, never sell the Bitcoin. That's hard in today's world if your family needs the money. I just hope in 15 to 20 years there is a larger marketplace where one can buy groceries, a car or a house with Bitcoin directly without converting it to fiat. That's difficult today
From Matt's video "Trading Bitcoin, Taxes, and When To Sell Bitcoin" back in Jan 2021: Let's say that I bought 1 Bitcoin at $20k. I decide to sell it at $100k after 1 year and 1 day. $80k profits. Long term capital gains rate. Pay 20% + 3.8% + 4.63% = 28.43% on $80k profits = $22,744 in taxes. So now I am left with $100k minus $22,744 = $77,256. If Bitcoin falls from $100k down to $77,256, I can get my 1 Bitcoin back. Was it worth all that trouble? That's betting on an almost 25% dip just to break even in Bitcoin terms.
The other problem with buying and selling your house is that you have to go through the bank (at least here in Greece) and if you don't the tax authorities take it upon themselves to tax you HALF of the purchase or sale price.
what i love about these delusions is that after it crashes, bitcoin will be exactly as terrible but with a worse reputation so the chances of it ever being used are even lower
I think this is a bit dogmatic. Ultimately, although we can see all the reasons for why bitcoin SHOULD become a global currency… it doesn’t mean it’s not risky and it WILL become one. You need a certain amount in a traditional asset even if it’s cash. People have families to think of and can’t just gamble all their money. Additionally, if you take profit at top of bull cycle, or let’s say somewhere near top. That still might look like 30% below ATH when you ignore the short term spike. Then, you wait for 60% drawdown in bear and re-invest. If you re-invest then you might have doubled your btc holdings and also you might see a 10x or more from that point on. I think you won’t see those returns with buy and hold
For those who want to take profits (in USD) during a bull run and use that cash to buy back in during a bear run: would your argument against this be that you would risk missing the boat should Bitcoin break out of the 4-year cycle and leave you behind?
This assumes the internet will continue which is required for the nodes to communicate. Converting a portion to physical gold is not a bad idea. Ideally direct from BTC to Gold bypassing Fiat altogether.
So I'm curious, do you think BTC will be used in the black market? I called Unchained and they told me that before anyone sells BTC with them, they have to PROVE it was bought legally... is it going to be a bigger problem in the future?
You can call ABT400X bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but ABT400X breaks everything
Heading to a safer Bitcoin country like El Salvador? Do you know how safe El Salvador is? SMH. I’m from Latin America and I can tell you right now, El Salvador is not safe and it will never be safe. If you go there, you better carry a gun.
I would advocate that putting some % of profits into gold is vital - just in case there will be a fatal bug, zero-day exploit or some unexpected batshit crazy asshattery unravels in our clown world. Sometimes you also need fiat in bank to function in the legacy world, especially when converting your BTC to fiat becomes prohibitively expensive (e.g. heavily taxed, overregulated) in your country.
PAXG is a gold backed crypto that trades with the gold price. Of course its not physical gold tho. For those of us who are permanent travelers, holding physical gold is not something we can easily do.
I traded some profits and exchanged to Bitcoin about 6 months ago- gonna get crushed- truly amazing. I’m very greatful for your content brother from SoCal 🙏🏼
I'm in the camp of shaving of Bitcoin to buy things. In the end of your can buy freedom with bottom i think that's great. But only if you skim a bit of the top. If Bitcoin is 1 million dollars and you need a good car for getting around and it costs let's just say 0.01 BTC then that's great. But never ever would i give up all Bitcoin for a car or a house. Hope that makes sense. Like your said, just shave some off the top perhaps. 🧡🧠
For me, I'll be selling the vast majority of my Bitcoin at the top of the bull market, wait for the 70%+ dropdown in price, then reinvest 80% - 90% of that money back into Bitcoin again. BTW, I would only recommend doing this if you're competent with TA (reading charts) otherwise it would be wise to follow what Matt says in this video instead.
I happen to agree with you. Bitcoin is an economic incentive machine and has its own thermodynamics expressed in, among other ways, as a price chart. There's nothing wrong with working with understanding of this machinery, humbly, and carefully.
Agree with this. Even if we hit the top and bottom within 20-25%, it’ll be much more worth it rather than holding through all the normal/natural drawdowns. I’ve hodl’d this time and it kinda sucks, lol. 2024-2025 is gonna be amazing though 🤙🏻
I am only taking some profits so that I can layer into some coins when the market dips again in 2026 Dw Matt I wont be taking profits with my BTC ! THANKS mate
The minute you started talking about starving mobs…… i knew you were pepper Matt!! I stack silver and gold for the same reason i stack Sats……. just a different circumstance.
Mat, was going to ask you about "Taking Profits". I remember hearing Larry Lepard recently talking about BTC overshooting its fair value price in the 2024 halving & selling a few coins to "take some profits" - maybe around the $120k - $150K range. Even if the idea was to buy back the BTC at a later lower Fiat price - are you still against "taking profits" to buy back BTC at a lower $ amount? (Obviously there will come a day when this is not possible - I'm talking pre 2030s. I personally find this to stressful & just Hold.... theirs something more pure about just Holding.)
I've lived through several of these. More than you'd think. Selling is always a mistake. You might feel good for a while when the price is diving. But then you have the problem of buying back. Which when the price is down and dropping and has been for months or years is a lot harder than you'd think. Just think of the last bear market bottom. When price dipped below 16k everyone just "knew" it was going to 12k, then 9k. Instead it nearly doubled to 30k. In a very short time. Same thing has happened every time, at least going back as far as I've been following which began in 2010. Buying and selling is actually the riskiest thing you can do. From MTGOX to FTX and now Coinbase it's not like exchanges are risk-free. Plus there's the government risk, between the time you sell and want to buy back how easy/hard/impossible will they make that? Never sell the apex hard asset. Never. Don't get sucked into the pipe dreams of scammy traders. Learn from those who made that mistake and lived to regret it. Buy and HODL. Let time do the rest.
You are really generalizing. People who have taken profits and kept the money on the side have been able to accumulate more Bitcoin over time, so I don’t agree with you. Also, people need to live. Why would you never sell your Bitcoin. What is the pint of that? Saving for the future when you’re dead! Come on dude. There’s a happy medium.
well, I sure do know who to call & establish a community with should there ever be a zombie apocalypse!, LoL!!🧟♂️🧟♀️😄 so many scenes from the first few seasons of "The Walking Dead" tv series come to mind🫣 [I got way behind on episodes].📡📺 and ngl, I've wondered where your multi-acre fortress will be when 'the ship'🚢 hits the fan even worse than is happening already.😳 and for all the ways we do part company😆 you still remain as one of the BEST crypto teachers in the space, we'd be wise & happy to call you, "our neighbor!"👍🍀🙂🧚🏾♀️
Metthew, u never talked about bequeathing bitcoin. I solved the challenge by service of posthumous (postmorten) passing of the password. In Ukraine notaries dont want to deal with it, some passwords and so on. Not connected with the war.
This is an argument I have had over 13 years now. If I go into western Union and exchange one currency for another I don't pay tax on any perceived profit for example where I am is GBP I get more USD for my GBP but pay no tax, I pay an exchange fee. So why would I pay tax on a currency when I am exchanging one for the others perceived value? If that's one million pound there has been no profit made only the value is differnet. I wouldn't walk into western union and be taxed when exchanging to go on Holiday abroad.
Have you read the book Die with Zero? I think you do sell bitcoin at 1M and use the stored energy to enjoy what life you have left. We dont live forever.............
At what price do you think that fiat will no longer be used because it will go to zero against BTC? What will happen then? Societies switching to BTC standard?
It's possible that something may happen in the future but you wouldn't know. Not sure what the interest is in just saying stuff and rationalize it when possible sir. Good luck!
lol its tough. Taking profits is hard, not a good idea with an investment you want to benefit from long term, you will end up with less. If bitcoin is going to be a money you use, taking profits is a no brainer, because if you buy high and sell low you are not benefiting from the scarcity property of bitcoin. Therefore "spending" should be done strategically at this stage of bitcoin. So as not to let market volatility take away your spending power. Spending should be done strategically during pumps, and reserves refilled during dips, areas to set limit orders can be found using simple Fibonacci and stochastic RSI on higher times to cut the noise.
I'm never selling my Bitcoin. Ever. I don't care if it reaches new ATHs and I become a millionaire. Only once we are working for Bitcoin, earning it Bitcoin, and spending in Bitcoin will I spend it.
I know. I hate that I have to pay bitcoin to transfer it to a cold wallet. But it’s worth it. I hate the government taxation tho. I’m thinking of seeking my house. Putting it in bitcoin and then just live off bitcoin and giving the government crap. Only if everything pans out lol
Bitcoin be censored. Taxation is censorship, wealth tax and energy usage taxes. Nothing is exempt from taxation. Politicians like bank robbers go where the money is.
Matthew, can you please explain how people are expected to generate passive income while keeping a majority of their wealth in Bitcoin cold storage. For example, I’m sure that you, a retired person, rely on investment instruments that generate income to help cover your living costs, instead of simply spending down your savings over time. I suspect that a large part of your audience (including myself) wants to achieve financial freedom in addition to growing their Bitcoin stack.
Another awesome nugget, and one I've been struggling with. As I'm all in on Bitcoin, I am looking to become an expat and open magical self-sustainable Bitcoin BnB's in Belize (no capital gains, 1% prop tax), each powered by solar and wind to handle everything including a Bitcoin Mining rig to heat water for showers, laundry, and dishwasher. And guests will be able to connect to our private node. Is this more of a portfolio diversification than taking profits? I'm not young, have health issues and want to enjoy life and not just leave Bitcoin to the kids, but also something tangible with family memories as well. I still wish I sold some above 50K last time so I had breathing room to live beyond just getting by on our monthly Fiat income. And I'm sure there are others who feel the same way which will make breaching $100k harder than most expect
It sounds like a wonderful idea. Let me know when they're up and running and I will come visit or make a video about it. Bitcoin is your money, so do with it whatever you want.
@@Bitcoin_University Thanks Matt. You are welcome to visit anytime you like! Looking at Ambergris Caye, and an up and coming community call Secret Beach and I want to orange pill every vendor to make it the east coast Bitcoin Beach in central America, just on a Caribbean Bay vs the Pacific Ocean
If you measure your value in sats, why wouldn't you switch at least a portion to tether or circle during their predictable rise against bitcoin, then switch back before the predictable fall?
WARNING: There are a number of scammers who are using my image and
channel name to try to connect with my viewers on WhatsApp and other
platforms to scam them. Just so you know, I will never refer you to
"my personal trader" or try to connect with you personally to sell you
something. I am trying to ban these scammers as quickly as they pop up. You can
always recognize a scammer by clicking on the image and seeing how
many videos he has. All of these guys have zero videos, while I have
hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters. Follow me on Twitter @mattkratter
I’d rather borrower against my bitcoin at a very conservative loan to value ratio and use the monopoly proceeds to cover my fiat life expenses. Will likely take years before we have sufficiently trustworthy lenders to custody the pledged collateral, but I’d rather take that risk than the risk of selling the best collateral in the world.
You might consider using Unchained Capitol, where you can do collaborative multisig cold storage but you can also borrow against your Bitcoin with them (and you will still have control of one of the keys).
Me as well. It's not really as safe option yet. Hopefully in 5 years or so, we will be able to do it safely as opposed to giving it to a CEX like LEDN for 13% interest on a 50% loan to value.
@ronatola Yeah, the interest rates will continue to decline over time as the Bitcoin lending platforms mature and Bitcoin's price in USD increases. My long-term plan is to borrow against my BTC stack, as well. But I will wait until BTC gets to certain adoption levels and USD price.
Same
How and who lends you against BTC without asking for custody? A legit question - answer would be greatly appreciated.
Fortunately I'm in a position where I don't need to tale profits. Hopefully I don't need it in the future. I'm going to download this video and put it on a drive taped to my ledger. When I eventually give my 12 year old daughter my bitcoin, there will be a note to watch this video. Hope she makes good choices. Thanks Mathew.
Its not simply just about having the need to take profits, its about doing the best one can. I have to believe if you ever invested money in any asset is because your intention is to make profit out of it.
What can guarantee you that BTC will be a successful asset in 5 10 or 20 years????? Technology moves ridiculous fast, it may happen BTC will be replaced by a superior concept a superior technology that provides better benefits etc. Hence taking profits is a mechanism to guarantee your investment is successful. There is something called RISK MANAGEMENT, it seems to eb many people here never heard of it
@@bullsharkdb You’ve successfully displayed your lack of understanding of bitcoin’s unique fundamental value proposition/utility. The wheel was an innovation that forever changed the world because, from an engineering standpoint, you can’t innovate a better version of the wheel. Bitcoin is similar because it possesses the ideal characteristics of hard money/store of value. Those characteristics being: absolutely scarce and decentralized (to name a couple). Can you think of a better way to create absolute scarcity besides having a limited supply of something? How about a more decentralized protocol, can you innovate something better than proof of work? Study the fundamentals, and stop regurgitating mainstream financial tropes, you’re embarrassing yourself.
@@Johntron08 BRO It seems to be you do not understand the reality of the world we live Today. Nevertheless, even if you were 100% right, I was talking about taking profits as a result of a simple mathematical formula and common sense.
During the life of BTC, at least 50 times BTC went down between 30 to 40 %, to regain profits (swing trading).
From the point of view of a trader, who engage in swing trading that is a phenomenal DATA, to make profits.
From the point of view of an investor the same. At some point in 2 4 5 years at some point BTC will enter a bear market again, and will re start the process, as any other financial asset does.
Whether btc will change humanity or not, time will tell. You can bet your balls on it and lose them, who knows. What is a certainty is assets go through swings moves and volatility affects their price, at certain time frame.
I talk profits, you talk saving humanity.
FYI: I comprehend the mechanics of BTC better than you think, but I am a trader. Traders we do take profits when the opportunity is there.
I am a Libertarian, a classic Liberal (not a liberal as in USA, nowadays), dont consume main stream media, you are extremely judgemental, you know nothing about my persona. Embarrassing myself?
I am a decent person, chill out kid. i have been trading BTC likely before you even heard of it and if you read carefully, which you didnt, you would have noticed I mentioned that part of a profitable strategy is having some of one's stack of BTC held (preferably in a cold wallet).
newbies scream like you, like an hysterical woke teen. chill out kid
If you are this reading this note right now oh precious daughter, your father was run over by a tractor. But on a more pertinent note, please watch the following Bitcoin video..
@@bullsharkdb BTC was improved like 2 years after it came out by Charlie Lee with Litecoin. First movers always have a huge advantage, I don't suspect it will change. BTC is BTC. Doesn't matter if other things do everything BTC does but better, it's still not BTC. But ultimately, that's the real risk you take.
Your assuming the million dollar profit will buy you anything of value. Your BTC win everything else lose, ad nauseam is reflective of a very closed mindset.
I think you have it very backwards my friend😉
Argentina peso is 840 USD now! It was 287,3 when this video was filmed.
What about selling a small amount to put a roof over your head? Off-grid, solar, regional etc
This is the plan, buy good home, self sufficient on energy, food etc. grow and farm your own produce. live a happy life... and protection of course to blow away the zombie mobs.
that's not really taking profits for the sake of profits/more fiat
@@basi21 exactly. It's like asking someone what would you do if you could spend a million dollars and they say start investing, etc...
I like to hodl my bitcoin too but it doesn't hurt to buy some land (for farming and a self-sufficient life), a nice house for your family..and of course travelling around the world! Hey, we won't be able to bring those sats to other side, better spend some in this world :)
I emigrated from Russia after they started sending common folk to the war. I never lived in a rented apartment in my whole life, but now I have to. Saving money in Bitcoin to buy a new home abroad doesn't seem like a bad idea.
For now, I don't have plans to sell my property in Russia, there is still less risk for it to be confiscated or for me completely losing access to it than if I buy a new apartment in a country where I don't have citizenship or residence permit.
While I don't think taking profits in fiat is smart, I believe one should spend Bitcoin whenever they have the chance on goods and services. This is the only way to create a circular economy, because only being able to "buy" Bitcoin is just as bad as only being able to sell it.
You could take some profits and buy a business. Also, so what’s the point of owning bitcoin if it doesn’t increase your quality of life? You could be a decamillionaire on paper but still be living like a bum. That doesn’t sound very appealing
Whatever you want to save, put it in BTC and use cold storage. Use that instead of a savings acct at a fiat bank. Use only for emergencies.
I think you have to put people into two separate groups. There are people who buy bitcoin as a strictly speculative exercise to make a profit (fiat thinkers) and could care less what bitcoin is or ever will be. On the other side you have the people (like Matthew) who view Bitcoin as an investment in the greatest store of value instrument that has ever existed and will always increase in value and makes no sense to ever sell it. If you are only speculating (fiat thinker) then yes it probably makes sense to take profit at times. If you view Bitcoin the way Matthew and lots of others do than it makes sense to never sell.
if you never sell it how do you actually benefit from it? I mean isnt the point of any assest to make life easier and enjoyable
Great video! Can you PLEASE do a video explaining why you insist on never selling your bitcoin at any price? I can’t wrap my head around the concept of holding a non-productive asset forever since i see no way to benefit from it in the real world.
What things would you count as "productive assets"?
Agreed. What video doesn’t touch on is how to become “rich” ie actually enjoy the fruits of its appeciation, if you can’t take profits. What is the point of HODLing if it stays forever locked away? We go to the grave with all our BTC in cold storage?
@@Bitcoin_University A productive asset produces a monthly income which i can use to live off of. Examples: $500k in US Treasury bills produce 5% interest = $2000/month. $240k in Rental properties produce 10% annual returns = $2000/month, Dividend stocks, etc. All of these are productive assets i can use to live solely from the interest. Gold and bitcoin are not productive assets and do not produce any yield to live off of. So how exactly can a person live off of their bitcoin? Or gold? And if you NEVER sell your gold or bitcoin in your lifetime then how is it any different philosophically from fake money you print on your office printer and then lock in your safe? It’s only real when it’s realized in the physical world otherwise it’s just a mental abstraction. Wealth allows people to be more free such as the productive assets i listed above, so how does bitcoin or gold allow someone to be more free if it’s never sold and produces no income? Serious questions that I’d love to hear someone explain to me. I currently own bitcoin, gold, real estate, treasuries and land, but i don’t see the point in converting productive assets into non-productive ones because then I’d be less free and have to actually work to pay my living expenses as opposed to living 100% from my investment income.
@@mothradave My thoughts EXACTLY! Bitcoin and Gold are wealth storage batteries but they can only store wealth and are non-productive assets which do not produce any yield like rental properties, dividend stocks, treasury bills, etc. If you lock away $10 million in bitcoin and never spend it before you die then was it even real? How is it any different philosophically from just telling everyone you have $10 million in your safe but you never spend it? It’s only real when it is real-ised.
@@mothradaveThis is where collateralized loans come in. Rich people don't stay rich by selling off their valuable assets, instead they take low interest loans against their assets and enjoy the fruits of their labor that way. This is also how they avoid paying any taxes since taking a loan is not considered a taxable event. How do you pay off the loan? Take out another loan to pay off the first and rinse and repeat. With an appreciating asset like Bitcoin you can do this forever and never sell a single coin as its value outpaces what you owe. Such loans exist right now for BTC but only from a few places but that will grow as adoption increases. But yeah that's the cheat code of wealth, hope my explanation helped!
You have such a pecimistic view for everything outside of crypto, even though taking away your crypto for governemnt would be very easy if they wanted to. Just look at places like China
China failed to stop Bitcoin mining, and much of the population still owns Bitcoin. If CCP cannot stop Bitcoin, then who can?
At some point we want to build a home with Bitcoin here in El Salvador and be mortgage free. Currently we are renting.
The timing is difficult for us because we know the value of the Bitcoin we spend will increase faster than the value of the real estate, and that this will always be true.
So building a home means sacrificing a lot of future wealth. For example, if we build for $150,000 worth of Bitcoin, the time will come where that Bitcoin would have been worth $1,500,000 to us. In terms of opportunity cost, that's an expensive house indeed.
That said, we need a home. We are in our late 30s early 40s and don't want to rent for much longer. It's a tough one.
At the top of the market, you should take some profit. Let's not overcomplicate this
Yes, because it's so easy to pinpoint when Bitcoin tops and bottoms, right?
@@Bitcoin_University It doesn't have to be exactly at the top.... If we get above the previous alltime high you can start with taking small profits now and then
Apparently a nonbeliever in deflation. Herpty derp!
This topic has been weighing pretty heavily on me lately in preparation for the next bull run. Glad you posted this, Matt!
The fact is that BTC symbolizes the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal, i earned 27BTC starting with 3.6 BTC in just a few weeks implementing Howard daily trades. I managed to collect more than tips and tricks.
Howarddennis10 < His Te le gr am.......
Love the concept, but what would be the best way to leverage the value of your bitcoin to improve your quality of life without converting into fiat?
Borrow fiat money :-). You can pay it back a cycle later by selling some Satoshis.
Cringe
The OTC market.
Can you explain what’s going on with this please ?
So the moral is, never sell the Bitcoin. That's hard in today's world if your family needs the money. I just hope in 15 to 20 years there is a larger marketplace where one can buy groceries, a car or a house with Bitcoin directly without converting it to fiat. That's difficult today
Comedy gold in here - "Bitcoin will continue to go up forever" "Bitcoin is the apex predator" "Bitcoin is the best savings technology ever invented"
Uneducated people laugh at many different things that are over their head. You don't have to choose to remain uneducated about Bitcoin
@@Bitcoin_University maybe he will buy and study bitcoin when it is at 1000000
Noob has entered the chat. 😂
@@bizzyb7thdo you always announce your entrance?
@@belavandervoort Talking about you, no coiner.
I called my mortgage company and they would not take bitcoin…
I called my grocery store in 1997 and they wouldn't let me order online using the internet.
From Matt's video "Trading Bitcoin, Taxes, and When To Sell Bitcoin" back in Jan 2021:
Let's say that I bought 1 Bitcoin at $20k. I decide to sell it at $100k after 1 year and 1 day. $80k profits. Long term capital gains rate.
Pay 20% + 3.8% + 4.63% = 28.43% on $80k profits = $22,744 in taxes.
So now I am left with $100k minus $22,744 = $77,256.
If Bitcoin falls from $100k down to $77,256, I can get my 1 Bitcoin back. Was it worth all that trouble?
That's betting on an almost 25% dip just to break even in Bitcoin terms.
The other problem with buying and selling your house is that you have to go through the bank (at least here in Greece) and if you don't the tax authorities take it upon themselves to tax you HALF of the purchase or sale price.
Imagine missing the Amazon ABT400X on-going presale, HODL STRONG the public sale about to explode
what i love about these delusions is that after it crashes, bitcoin will be exactly as terrible but with a worse reputation so the chances of it ever being used are even lower
Bitcoin has crashed many times 50-90% and yet it keeps gaining adoption and long-term holders. You might want to revise your thesis in light of this.
I think this is a bit dogmatic. Ultimately, although we can see all the reasons for why bitcoin SHOULD become a global currency… it doesn’t mean it’s not risky and it WILL become one. You need a certain amount in a traditional asset even if it’s cash. People have families to think of and can’t just gamble all their money.
Additionally, if you take profit at top of bull cycle, or let’s say somewhere near top. That still might look like 30% below ATH when you ignore the short term spike. Then, you wait for 60% drawdown in bear and re-invest. If you re-invest then you might have doubled your btc holdings and also you might see a 10x or more from that point on. I think you won’t see those returns with buy and hold
Get off zero.
For those who want to take profits (in USD) during a bull run and use that cash to buy back in during a bear run: would your argument against this be that you would risk missing the boat should Bitcoin break out of the 4-year cycle and leave you behind?
@@Queef_latina taking profits is safe… until it isn’t. Then, you’ll tell your grandkids in 50 years about all the Bitcoin you SHOULD be the owner of.
Yes:
ruclips.net/video/-YJTXwm9lwk/видео.html&ab_channel=BitcoinUniversity
Myself during this Bear Market only trying to focus on BTC, ABT400X, ETH, SOL, MATIC. not losing sight of BNB and GALA. ??
Well be going to the bottom within 6-9 months. For now, DCA-ing bi-weekly with 21usd in ABT400X /BTC and monthly 21 in CRO.
Well be going to the bottom within 6-9 months. For now, DCA-ing bi-weekly with 21usd in ABT400X /BTC and monthly 21 in CRO.
Hopefully ABT400X will do good.. have alil over 10million ABT400X coins
Matthew did see the book SOFTWAR was banned by the military can you elaborate on that for the viewers it’s about BITCOIN.Cheers
This assumes the internet will continue which is required for the nodes to communicate. Converting a portion to physical gold is not a bad idea. Ideally direct from BTC to Gold bypassing Fiat altogether.
Agreed. 10% in physical gold isn’t a bad hedge
So basically don't buy it since you will never use it? Just joking?
Hopefully ABT400X will do good.. have alil over 10million ABT400X coins
Paying off your home, getting out of debt. Other than that.i would use fiat.
DCA ABT400X and chill. Youll be obnoxiously rich in less than 5 years. Whats 5 years among friends?
So I'm curious, do you think BTC will be used in the black market? I called Unchained and they told me that before anyone sells BTC with them, they have to PROVE it was bought legally... is it going to be a bigger problem in the future?
You can call ABT400X bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but ABT400X breaks everything
Should I pay back my $300k loan @ 9% on Nexo when BTC hits $150k?????.. or just keep surfing..
Now that Amazons ABT400X is around its all about the question when and how much. I prefer this over ATOM, ALGO, L2 based ones and whatsoever
Im still bullish on crypto. Buying the dip on great projects like Algorand and ABT400X ?
Heading to a safer Bitcoin country like El Salvador?
Do you know how safe El Salvador is? SMH. I’m from Latin America and I can tell you right now, El Salvador is not safe and it will never be safe. If you go there, you better carry a gun.
Never sell. Take out loans against your BTC.
Tutorial?
Im waiting on ABT400X dont like buying after its already pumped, still buying btc
I would advocate that putting some % of profits into gold is vital - just in case there will be a fatal bug, zero-day exploit or some unexpected batshit crazy asshattery unravels in our clown world. Sometimes you also need fiat in bank to function in the legacy world, especially when converting your BTC to fiat becomes prohibitively expensive (e.g. heavily taxed, overregulated) in your country.
PAXG is a gold backed crypto that trades with the gold price. Of course its not physical gold tho. For those of us who are permanent travelers, holding physical gold is not something we can easily do.
I DCAd into XRP and ABT400X even though I told myself I was going to wait until I get paid but I couldnt resist, these prices are too good to wait!
I DCAd into XRP and ABT400X even though I told myself I was going to wait until I get paid but I couldnt resist, these prices are too good to wait!
if ABT400X can grow organically like that they will dominate that industry
I traded some profits and exchanged to Bitcoin about 6 months ago- gonna get crushed- truly amazing. I’m very greatful for your content brother from SoCal 🙏🏼
I'm in the camp of shaving of Bitcoin to buy things. In the end of your can buy freedom with bottom i think that's great. But only if you skim a bit of the top. If Bitcoin is 1 million dollars and you need a good car for getting around and it costs let's just say 0.01 BTC then that's great. But never ever would i give up all Bitcoin for a car or a house. Hope that makes sense. Like your said, just shave some off the top perhaps. 🧡🧠
For me, I'll be selling the vast majority of my Bitcoin at the top of the bull market, wait for the 70%+ dropdown in price, then reinvest 80% - 90% of that money back into Bitcoin again.
BTW, I would only recommend doing this if you're competent with TA (reading charts) otherwise it would be wise to follow what Matt says in this video instead.
Good luck with that.
I happen to agree with you. Bitcoin is an economic incentive machine and has its own thermodynamics expressed in, among other ways, as a price chart. There's nothing wrong with working with understanding of this machinery, humbly, and carefully.
@@clutch2827Luck is unnecessary if you pay attention to the supply.
Agree with this. Even if we hit the top and bottom within 20-25%, it’ll be much more worth it rather than holding through all the normal/natural drawdowns. I’ve hodl’d this time and it kinda sucks, lol. 2024-2025 is gonna be amazing though 🤙🏻
Be sure to have ways of buying it back 🤟
ABT400X has as much potential as ethereum. But unlike ethereum it has a bigger growth potential.
I am only taking some profits so that I can layer into some coins when the market dips again in 2026
Dw Matt I wont be taking profits with my BTC ! THANKS mate
The minute you started talking about starving mobs…… i knew you were pepper Matt!! I stack silver and gold for the same reason i stack Sats……. just a different circumstance.
Mat, was going to ask you about "Taking Profits". I remember hearing Larry Lepard recently talking about BTC overshooting its fair value price in the 2024 halving & selling a few coins to "take some profits" - maybe around the $120k - $150K range. Even if the idea was to buy back the BTC at a later lower Fiat price - are you still against "taking profits" to buy back BTC at a lower $ amount? (Obviously there will come a day when this is not possible - I'm talking pre 2030s. I personally find this to stressful & just Hold.... theirs something more pure about just Holding.)
If anything selling some to buy the dip in the future is one of the things I've learned.
Lepard is very smart and that is a possible scenario. Would depend on what % of your total stack 1 BTC is - and if you’re non-KYC so no taxes.
Good luck timing the market.
I've lived through several of these. More than you'd think. Selling is always a mistake. You might feel good for a while when the price is diving. But then you have the problem of buying back. Which when the price is down and dropping and has been for months or years is a lot harder than you'd think. Just think of the last bear market bottom. When price dipped below 16k everyone just "knew" it was going to 12k, then 9k. Instead it nearly doubled to 30k. In a very short time. Same thing has happened every time, at least going back as far as I've been following which began in 2010.
Buying and selling is actually the riskiest thing you can do. From MTGOX to FTX and now Coinbase it's not like exchanges are risk-free. Plus there's the government risk, between the time you sell and want to buy back how easy/hard/impossible will they make that?
Never sell the apex hard asset. Never. Don't get sucked into the pipe dreams of scammy traders. Learn from those who made that mistake and lived to regret it. Buy and HODL. Let time do the rest.
Thanks for the reply. Yeah I agree. This feels correct.@@charlesmiller6281
You are really generalizing. People who have taken profits and kept the money on the side have been able to accumulate more Bitcoin over time, so I don’t agree with you. Also, people need to live. Why would you never sell your Bitcoin. What is the pint of that? Saving for the future when you’re dead! Come on dude. There’s a happy medium.
"You're selling the winner to buy the losers."
-Michael Saylor
Thank you for your research. I find your videos are well done. Will ABT400X hit 1000? Not sure but I hope so.
Truly love your candidness, I DCAed today again for BTC ABT400X and ETH
SAGE ADVICE MY FRIEND ❤
hoping your pacific bitcoin talk gets posted, everyone was wondering where's Kratter? during the livestreams
well, I sure do know who to call & establish a community with should there ever be a zombie apocalypse!, LoL!!🧟♂️🧟♀️😄 so many scenes from the first few seasons of "The Walking Dead" tv series come to mind🫣 [I got way behind on episodes].📡📺
and ngl, I've wondered where your multi-acre fortress will be when 'the ship'🚢 hits the fan even worse than is happening already.😳
and for all the ways we do part company😆 you still remain as one of the BEST crypto teachers in the space, we'd be wise & happy to call you, "our neighbor!"👍🍀🙂🧚🏾♀️
Metthew, u never talked about bequeathing bitcoin. I solved the challenge by service of posthumous (postmorten) passing of the password. In Ukraine notaries dont want to deal with it, some passwords and so on. Not connected with the war.
Good morning and no I won’t be selling my bitcoin 😉
This is an argument I have had over 13 years now. If I go into western Union and exchange one currency for another I don't pay tax on any perceived profit for example where I am is GBP I get more USD for my GBP but pay no tax, I pay an exchange fee. So why would I pay tax on a currency when I am exchanging one for the others perceived value? If that's one million pound there has been no profit made only the value is differnet. I wouldn't walk into western union and be taxed when exchanging to go on Holiday abroad.
ABT400X might just have the biggest potential of any altcoin right now. ??
We will rise with ABT400X and Matic!!! Just HODL
Could you please talk about ABT400X it’s very strong and took off in short time thanks.
Smart peoples will want sats. Instead of fiat. You will be able to negotiate anything at a discount...especially if you have Nkyc Bitcoin.
Could you please talk about ABT400X it’s very strong and took off in short time thanks
Have you read the book Die with Zero? I think you do sell bitcoin at 1M and use the stored energy to enjoy what life you have left. We dont live forever.............
Suggest one borrow from BTC as needed, avoiding taxes and do so as needed over time.
Well see about that. I dont mind to see the crash. I just hope Ill have a lot of USDT to buy more ABT400X live presale.
At what price do you think that fiat will no longer be used because it will go to zero against BTC? What will happen then? Societies switching to BTC standard?
Could you please talk about ABT400X it’s very strong and took off in short time thanks.
It's possible that something may happen in the future but you wouldn't know. Not sure what the interest is in just saying stuff and rationalize it when possible sir. Good luck!
lol its tough. Taking profits is hard, not a good idea with an investment you want to benefit from long term, you will end up with less. If bitcoin is going to be a money you use, taking profits is a no brainer, because if you buy high and sell low you are not benefiting from the scarcity property of bitcoin. Therefore "spending" should be done strategically at this stage of bitcoin. So as not to let market volatility take away your spending power. Spending should be done strategically during pumps, and reserves refilled during dips, areas to set limit orders can be found using simple Fibonacci and stochastic RSI on higher times to cut the noise.
Great work as always but Then?Spend?borrow against Btc?Thank you!
I'm never selling my Bitcoin. Ever. I don't care if it reaches new ATHs and I become a millionaire. Only once we are working for Bitcoin, earning it Bitcoin, and spending in Bitcoin will I spend it.
Amazon released ABT400X the first market change this year simply cus of that release ?
The year is 3028 and the only thing you CAN do with your BTC is to hold it, safely in self-custody and feel good about it :-)
I know. I hate that I have to pay bitcoin to transfer it to a cold wallet. But it’s worth it. I hate the government taxation tho. I’m thinking of seeking my house. Putting it in bitcoin and then just live off bitcoin and giving the government crap. Only if everything pans out lol
ABT400X will be top 10 coin next bull run. DONT MISS OUT.
ABT400X simply life changing.. absolutely huge.. bigger than huge.. possibly huge(r) than huge.. big
Binance CEO talk about ABT400X and hinted let it list on binance, cant imagine the price at 2023!.
I bought 2500 ABT400X tokens, too. It will be great profit when it is listed for $2
ABT400X is going to 100x over Bitcoins Market Cap.
Bitcoin be censored. Taxation is censorship, wealth tax and energy usage taxes. Nothing is exempt from taxation. Politicians like bank robbers go where the money is.
The fact that Bitcoin is so portable makes it much more difficult to tax. Jurisdictions will rather compete for Bitcoiners by offering lower taxes.
Thanks, Never underestimate the willingness of government to tax when all else fails@@Bitcoin_University
I’d rather buy ABT400X, atom, polka and polygon!
Matthew, can you please explain how people are expected to generate passive income while keeping a majority of their wealth in Bitcoin cold storage. For example, I’m sure that you, a retired person, rely on investment instruments that generate income to help cover your living costs, instead of simply spending down your savings over time. I suspect that a large part of your audience (including myself) wants to achieve financial freedom in addition to growing their Bitcoin stack.
He made a video about that. "How to buy anything with Bitcoin" I think is the title
Another awesome nugget, and one I've been struggling with. As I'm all in on Bitcoin, I am looking to become an expat and open magical self-sustainable Bitcoin BnB's in Belize (no capital gains, 1% prop tax), each powered by solar and wind to handle everything including a Bitcoin Mining rig to heat water for showers, laundry, and dishwasher. And guests will be able to connect to our private node.
Is this more of a portfolio diversification than taking profits? I'm not young, have health issues and want to enjoy life and not just leave Bitcoin to the kids, but also something tangible with family memories as well.
I still wish I sold some above 50K last time so I had breathing room to live beyond just getting by on our monthly Fiat income. And I'm sure there are others who feel the same way which will make breaching $100k harder than most expect
It sounds like a wonderful idea. Let me know when they're up and running and I will come visit or make a video about it. Bitcoin is your money, so do with it whatever you want.
@@Bitcoin_University Thanks Matt. You are welcome to visit anytime you like! Looking at Ambergris Caye, and an up and coming community call Secret Beach and I want to orange pill every vendor to make it the east coast Bitcoin Beach in central America, just on a Caribbean Bay vs the Pacific Ocean
did you mean "not ONLY bitcoin" to the kids??
@@berniebilicki7832 to leave my family some property with memories to always return to, on top of whatever Bitcoin I haven't spent
If you measure your value in sats, why wouldn't you switch at least a portion to tether or circle during their predictable rise against bitcoin, then switch back before the predictable fall?
My biggest fear "taking profits" is selling my Bitcoin to Larry Fink and he won't sell it back to me.