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Should You Buy Bitcoin Now or Wait for a Better Price? | Beyond Bitcoin · Simply Bitcoin

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  Do you ever feel like owning one Bitcoin is almost impossible now
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  at the current price of 85,398, three, 400 and 422?
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  It's a moving target, you get the picture.
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  But for most people it feels out of reach.
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  But here's the part that nobody thinks about.
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  What if owning one Bitcoin isn't the financial flex everybody
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  thinks it is? What if I told you that there's
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  one story that breaks down? Why once you hit one Bitcoin,
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  you stop chasing returns and you start questioning the entire
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  system itself? My emotions?
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  This is beyond Bitcoin. Let's go before we charge into
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  the significance of achieving one Bitcoin at $85,000.
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  As of this recording, Bitcoin appears to be doing the same
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  thing that it has always done since its inception, and that is
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  fluctuate. An $85,000 intangible asset
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  feels like a big chunk of money, but remember, this thing was at
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  $125,000 just a few months ago. The dramatic shifts in but
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  overall increase of Bitcoin's purchasing power in such a small
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  amount of time leave most people asking the same questions.
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  When is a good time to buy? Now?
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  When is the dip coming? Always.
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  Am I too late? No.
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  How can I possibly afford one of these things?
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  These are survival questions, but let me put you at ease for a
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  moment with one of the time tested charts in Bitcoin, the
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  Bitcoin Profitable Days chart, which measures the number of
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  days in which holding Bitcoin has been profitable relative to
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  the current price. That means if you bought
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  anywhere within those days, your sats would be in profit.
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  That's 94% of the time in profit.
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  This is a very clear and simple example of the age-old saying.
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  It's not about timing the market, it's about time in the
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  market. If you're still asking these
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  questions, then you're trying to treat the symptoms and not
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  addressing the root of the questions.
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  It's like asking a famous actor when is a good time to smile?
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  How often should I frown? How do I cry on command?
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  Don't cry in front of the Mexicans.
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  These questions like context and experience.
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  So what is so significant about achieving ownership of one
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  Bitcoin is it becomes a testament to the commitment of
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  understanding it and its network.
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  Because Bitcoin has so many of these unfamiliar properties that
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  fly in the face of what we think money is, naturally, it rewires
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  you. After achieving ownership of one
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  Bitcoin, you realize it's not that one Bitcoin changes your
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  net worth. It changes the questions you're
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  willing to ask yourself. Want to screw this call up?
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  I mean, your progeny are going to hate you if you knew about
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  this and you didn't buy it. I mean, they're just going to
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  absolutely hate you and they're going to think you're legend.
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  If you, you know, sacrifice and didn't buy that expensive car
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  and bought a whole coin instead because that whole coin is going
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  to be worth 10 million bucks. You know, not that far out.
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  By the way, I don't think anybody's missed the boat.
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  I mean, I think we're still very much in the early days and it's
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  going to 10X and that's going to 10X again.
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  So from an investing point of view, you know, you don't want
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  to miss something that's going to go up 100 X and, and you
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  know, maybe 1000 X if you, you know, talk 1520 years out, you
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  know, and .1 is going to be a meaningful amount to have.
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  I mean, it's being a whole coiner is going to be an
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  enormous deal in a few years. And so I don't think you missed
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  the boat. It can come out of the blue.
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  I mean, we all know how this thing happens.
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  And the thing that's so wild about this asset is the way that
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  it can really move and move fast.
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  And that's why I say like the hedge funds that are short this
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  stuff, they're about to have a deeply religious experience.
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  I mean, they don't understand. They don't understand this can
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  go up, you know, 50, a hundred, 150% in months.
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  You're going to see those shorts are going to get covered so
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  goddamn fast. You know, I'm hard pressed to
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  see how we're not at 100K by the end of calendar 2024.
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  And I think this cycle takes us to 2-3, you know, 200 or 300K.
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  Most people think that one Bitcoin is a flex or a goal or a
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  status symbol, but really it's not any of those things.
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  One Bitcoin is the first time most people experience non
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  diluted ownership. What is non diluted ownership?
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  When you own Bitcoin, you own a portion of the network.
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  That is, you own a piece of the 21 million that will ever exist.
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  Now many of you watching this may already know that Britain's
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  bitcoins code is a supply cap of 21 million that cannot be
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  changed by any one person, company or nation.
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  Think about that. No board, no committee, no
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  emergency meeting deciding there's suddenly going to be
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  more of this thing. In the entirety of human
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  history, we finally have an asset where there is actually a
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  limited supply. This is the first time in human
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  history that we've ever seen anything like this.
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  And what that tells you is, is that you can't just get to this
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  whenever you want to. You can't just find Bitcoin
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  whenever you're ready for it and hope that you know the future
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  generations will be able to get enough of it because there is
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  only 21 million of it. So there is a race on.
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  And if you're not at one Bitcoin yet, in my opinion, you're
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  losing the race and you're going to be irrelevant in a future
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  Bitcoin world. You have to get to 1 Bitcoin and
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  I and I think the supply the, the, the, the limited supply of
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  Bitcoin dictates that you must have at least one Bitcoin.
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  And right now you have a chance of getting that anywhere in the
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  West. And after we go on this next
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  little run up, I think that's going to be completely priced
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  away from a lot of people. For the first time, you're not
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  measuring wealth and percentages, you're measuring it
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  in units that don't change. And that's the line.
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  And most people will never cross it, not because they can't
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  afford it, but because they've never owned something that can't
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  be messed with. Now here's the part that often
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  gets swatted away like an annoying fly.
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  Before you get into Bitcoin, volatility feels like a threat
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  no matter which way the price moves.
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  Your stomach drops, you refresh the chart, you either panic you
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  didn't sell fast enough, or you panic that you didn't buy more
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  of it. But like Bitcoins price, these
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  are temporary emotions. And if you stay focused as you
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  climb up the mountain to one Bitcoin, something flips.
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  Volatility starts to feel a bit less like death and more like
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  life. If you think about it,
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  volatility is the natural progression of life itself.
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  Without volatility, there is no life.
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  Permanence. On the other hand, that's what
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  starts to feel a bit dangerous. We also don't see, you know, a
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  30% correction in a day on the gold front.
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  So again, as a store of wealth for someone who wants to sleep
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  well at night, you know, how do you get over that, those massive
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  corrections that we just don't see in the gold market?
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  You know, first of all, I think that the massive corrections are
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  becoming less massive year by year, quarter by quarter, month
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  by month. The, the market in Bitcoin is
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  stabilizing as more institutions come into and I think we can see
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  it over the past 12 months. Second, I think that everything
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  that's living on this earth is volatile and things that are
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  dead are not volatile. And so I, I would much rather
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  have a a volatile 300% return than a non volatile 15% return
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  or or a lesser return. And they're plenty.
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  There's least volatility in cash with a 0% return.
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  So, so stability is stagnation. Volatility is vitality.
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  Living things are volatile. I like living things.
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  I want to live life. Force implies volatility being,
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  you know, it's like, it's like a Jedi mind trick to convince you
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  you should be afraid of volatility.
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  If volatility is going to return 200% pre tax every year for 12
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  years or for 10 years and you're afraid of it.
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  You lost 99.5% of your wealth because you're afraid of
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  volatility. That's like you can't raise your
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  children in a bubble and tell them they should not.
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  I mean, if they stay in their basement and they never leave
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  the house and you surround them with the bubble, how are they
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  going to grow and live and prosper?
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  We live in a system where you're stable money quietly loses value
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  every year. Really.
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  A system where the only certainty that exists is for the
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  people that are closest to the money printer?
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  No, after one Bitcoin you stop fearing price swings and you
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  start welcoming them. When?
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  I think about volatility and I talk to friends about it.
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  They always think of volatility goes up right now, volatility as
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  it goes up and goes down both in terms of direction, but also
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  what I would say severity. And so bitcoins volatility from
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  a severity standpoint has been compressing over time.
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  It's becoming a less volatile asset.
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  Most people, I think who bought it, you know, years ago, they're
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  disappointed by that. They want, you know, it to be
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  Max volatile. They would like it to go up
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  hundreds of percent every single year and they quote, UN quote
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  are making money. They, you know, gaining at
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  common value. What I find fascinating is that
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  as the volatility has come down, Bitcoin now is in like the
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  golden zone for these large institutions.
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  Like it used to be too volatile. Now it almost feels like it,
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  well, it's more volatile than my stocks.
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  It's more volatile than my bonds.
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  It's more volatile than, you know, my alternative assets, but
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  it's not so volatile that I got to go back to my investment
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  committee every week and be like, hey, you know, up 50 down
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  to 40, you know, kind of playing this ping pong game.
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  So how do you think about that given your experience in terms
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  of, you know, the volatility coming down may actually have
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  opened up all these new capital pools to want to allocate the
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  Bitcoin? Yeah, yeah, yeah.
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  Bitcoin volatility, I think at levels this year has been pretty
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  commensurate to the tech stocks and NVIDIA maybe actually below
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  NVIDIA in moments today. I believe implied volatility is
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  around the low 30s, which is actually very affordable.
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  And realized volatility has even been lower.
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  It's actually been the high 20s. So those are actually levels
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  that you can sometimes catch with the NASDAQ index itself.
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  So in a way, it does make it feel safer.
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  It does make it feel like there's a way to understand that
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  risk if you're a practitioner of the traditional asset world.
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  But what they don't know is that Bitcoin has a very interesting
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  ball spot correlation relationship that's different
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  from equities as well. So generally with equities, you
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  see a volatility curve that looks more like a skew where
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  people are willing to pay for protection more than pay for
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  speculation, meaning puts are more expensive than calls.
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  This is a pretty standard normal trend, unless it's biotech
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  companies, in which case people are speculating on phase trials
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  and they may want to actually have more open interest to the
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  upside. But all things considered, puts
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  are more expensive than calls. Bitcoin is not that even today,
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  even though Vol is low and real life's been low, even today open
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  interest for calls are much higher than puts.
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  Let's get something straight. This is not a flex, This is not
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  advice, definitely not financial advice, and this is definitely
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  not a promise. You actually don't even need one
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  Bitcoin for this internal shift to happen.
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  You just need to understand why one Bitcoin matters.
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  Because the moment you grasp absolute scarcity, everything
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  else starts to look negotiable. Your salary, your savings
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  account, your safe retirement plan.
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  Bitcoin doesn't make you rich, it makes you aware.
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  An awareness isn't uncomfortable.
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  The best financial education anyone could buy and your ticket
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  to entry is whatever you can afford to stack.
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  And it'll change your life. And I really mean it'll change
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  your life. Like no joke.
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  Not just in a material way. Because I believe that once you
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  understand Bitcoin and you start to realize that no matter how
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  many coins you have, even if it's a fraction of a coin, that
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  is going to lead to dollar value that you you may not have ever
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  thought you could ever achieve. So, So from wherever you start,
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  once you've rocked Bitcoin, you realize where you're going.
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  And when you realize where you're going, you start to feel
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  wealthy, you start to feel abundant.
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  It's just a matter of time. The abundance is coming.
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  The wealth is coming is just a matter of time.
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  That is such a massive shift in your mindset that you begin to
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  attract other positive things into your life.
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  I was telling this to somebody the other day.
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  Like, remember when you were dating, right?
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  You're in college and you're dating.
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  Whenever you had a girlfriend, all the other girls wanted the
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  D. Right.
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  It's that mind shift, right? It's the vibe you give off.
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  Like, I'm good, I'm the man, I've got a great relationship,
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  I've got my girl and now every other girl wants to be a part of
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  that. Once you make that shift and you
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  understand that Bitcoin is going to create wealth for you, it's
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  going to create abundance for you, you start to attract wealth
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  and abundance from all angles. It it's a complete shift and
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  your energy and what you attract, right?
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  If you feel like you're living paycheck to paycheck, if you
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  feel like you're never going to get ahead, this is the way.
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  This is how to break that cycle, right?
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  This is whether it's $10 a week, $25 a week, 100, whatever it is,
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  this will break your cycle and you will be on a completely
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  different trajectory. At today's price, one Bitcoin
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  costs $85,000. But the real cost is crossing a
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  mental line you can't uncross, because once you do, you don't
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  look at money the same way again.
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  And that's why everything changes after one Bitcoin.
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  Thank you so much for watching this video.
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  If you like what you see and you want to see more, make sure you
• 13:57
  hit that like button below. Or you can subscribe to the
• 14:00
  Simply Bitcoin channel for more content like this.
• 14:02
  We're coming out with it every single day of the week.
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  Also, don't forget to hit that notification bell in motions.
• 14:07
  This is beyond Bitcoin. Until next time.