AI Summary
The video is a personal cautionary tale about buying Bitcoin, especially during bull markets. The creator shares their own experiences of buying at peaks and losing money, and advises viewers, particularly those with limited savings, to avoid Bitcoin and instead invest in knowledge, skills, and health.
Chapters
The creator opens by stating they will advise viewers not to buy Bitcoin, despite being at an all-time high, because they are skilled at buying at peaks and don't recommend it.
The creator mined Bitcoin in 2015 by refreshing websites for ads and earning satoshis, but lost them and doesn't care.
In 2021, the creator bought $4,000 worth of Bitcoin (at $8,000), driven by greed for quick money, and the price dropped, but they didn't sell.
If they had sold the 2021 Bitcoin today, they would have earned only R$3,500 profit over 3 years, which they consider a poor return.
If they had bought at $15,000 instead, they could have made R$24,000 profit in 2 years, but they still question if it's worth the risk.
On June 19, 2024, they bought R$45,000 worth of Bitcoin at $68,000, which dropped to $48,000, causing stress, but it later recovered.
If they sold today, they would have made about R$30,000 profit in six months, but they still advise against it due to high risk.
The creator advises people who invest small amounts (R$1, R$200, R$1,000) not to buy Bitcoin, especially in bull markets, because it won't make a difference.
Instead of buying Bitcoin, they recommend investing in books, courses, and skills that can multiply income, like their dad's appliance repair course.
They also suggest investing in martial arts and gym, which teach discipline and are valuable investments for personal growth.
The creator concludes that buying Bitcoin is not worthwhile for most people, especially those with limited savings, and recommends investing in knowledge, skills, and health instead.
Study Flashcards (5)
What was the creator's first experience with Bitcoin?
easy
Click to reveal answer
What was the creator's first experience with Bitcoin?
They mined Bitcoin in 2015 by refreshing websites for ads and earning satoshis, but lost them.
00:16
How much did the creator invest in Bitcoin in 2021 and at what price?
easy
Click to reveal answer
How much did the creator invest in Bitcoin in 2021 and at what price?
They invested R$4,000 at $8,000.
00:42
What was the profit if the creator sold the 2021 Bitcoin today?
medium
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What was the profit if the creator sold the 2021 Bitcoin today?
Approximately R$3,500 profit over 3 years.
01:40
What was the creator's second Bitcoin purchase and when?
medium
Click to reveal answer
What was the creator's second Bitcoin purchase and when?
They bought R$45,000 worth of Bitcoin on June 19, 2024, at $68,000.
03:14
What does the creator advise instead of buying Bitcoin?
easy
Click to reveal answer
What does the creator advise instead of buying Bitcoin?
Invest in books, courses, skills, and health.
05:09
💡 Key Takeaways
Don't buy Bitcoin at all-time highs
Sets the contrarian premise of the video.
00:01Poor return on 2021 investment
Concrete example of low returns over 3 years.
01:40Six-month profit of R$30,000
Shows potential gains but still advises against it.
04:15Invest in knowledge and skills
Core advice to multiply income.
05:09Invest in health and discipline
Expands the definition of investment.
06:36Full Transcript
[00:01] quick video. Taking advantage of the fact that we're at an all-time high for Bitcoin, in this video I'm going to advise you not to buy Bitcoin. I'm someone who's very good at buying Bitcoin at its peak, and I don't advise anyone to do that.
[00:16] So, before we even get to the point of R$45,000 that I bought at you the following: my first experience with Bitcoin was in 2015. I mined Bitcoin. I would go to websites and keep refreshing the page every
[00:30] hour, ads would pop up in my face, and I would receive some satos, you know, little pieces of Bitcoin back in 2015. But I didn't continue, I don't even know where it went, I must have lost it, been robbed, and I don't care,
[00:42] life goes on, crying, but it's okay. And then my first experience okay. And then my first experience with Bitcoin was in 2021, and thank God I didn't have much money. Yes, it may be a
[00:57] lot of money for many people, but I invested R$ in 2021. I had $4,000 worth of it was at $ 8,000. After I bought it, the price dropped, then it went back up to $8,000. But if I sold it at $8,000, it wouldn't be
[01:12] money." And when people buy Bitcoin, they buy it out of greed, you understand? That's what drives Bitcoin. Most people buy it because they understand how it
[01:26] works, but for the most part, it's greed. So in 2021, when I bought Bitcoin, I was just wanting quick money. And usually when that happens, it just goes wanting to make quick money, you just screw yourself over. That was my
[01:40] case, right? I bought $4,000 worth, and after a while, that Bitcoin went down to $0.00. So I bought $8,000 worth, and then it went up to $ 15,000. People say, "Hold on, hold on!" But let's suppose I held onto those $4,000 that I bought... From 2021 until today,
[01:56] up to the all-time high, let's suppose I sold today the bitcoins I bought in 2021, I would have earned approximately R$ 3,500 in profit, right? I would have withdrawn around R$7,000. Damn,
[02:10] around R$7,000. Damn, 3 years to earn R$3,000? Man, I spent R$4,000 back in 2021 to sell the Bitcoin today and get R$3,000 sell the Bitcoin today and get R$3,000 in 3 years? What a load of crap, what a load of crap! Okay,
[02:24] but let's suppose I bought it at $15,000, R$4,000, and today it's at $1,000, I would have earned more or less... it's a good amount of money, right? Let me see, 15,000, 30,000, right? Let me see, 15,000, 30,000, 45,000, 60,000, 75,000, 90,000,
[02:39] 105,000. Let's suppose I would have earned about seven times more, so that 7 7 x 4 7 14 21 28 I would have R$4,000, I would have made R$28,000, so I would have a profit made R$28,000, so I would have a profit of R$24,000 in
[03:00] 24,000 in 2 years worthwhile? For many people it might make sense, but for me, nowadays it doesn't make any sense. Now let's me it's not worthwhile, but comment below what would be worthwhile. But that's
[03:14] at the peak and if I sold today I would have made R$3,000 in 3 years. Man, it doesn't make sense, like, don't buy Bitcoin. But wait, now I'll talk about the second case, right? I bought Bitcoin, I bought R$ 45,000 worth of Bitcoin on June 19,
[03:30] 2024. After I bought it, I bought 68,000. Look, who would have thought, even the number there is very similar, right? I paid 10,000, I paid a little more this time, and then it went down to 8,000, so I was like, "Damn, I
[03:46] to 8,000, so I was like, "Damn, I bought it for $6, 68,000, R$45,000, I bought 68,000 and it went down to $4, 48,000, what a mess!" So that feeling you get, really bad, but thank God, this money I invested is money
[04:00] that, like, I just threw it in, I bought it and screw it, you know? It's not money that money, thank God. So, I was a little sad here, but now it's gone up, right? Now let's suppose I
[04:15] now it's gone up, right? Now let's suppose I sell those R$45,000 today, I would have made more or less, I wrote it down here, about R$30,000 in July, August, September, October, November, in July, August, September, October, November, December, in six months, guys.
[04:28] So, I'll be very honest with you, it was worth it. It multiplied there. Money and all that, but in the end it's money that's not worth it, you too, that's the point. It's very risky, okay? What I advise, especially for
[04:43] have money? Let's suppose you do, and I believe that's most of you, those people who believe that's most of you, those people who spend R$1, R$200, R$1000, R$3000, that's the majority of them. So my message is for you: don't buy Bitcoin,
[04:55] especially during bull markets, because even if you buy a little Bitcoin, it won't make a difference in the end. The first if I had sold it, man, I would have made R$3000 in 3 years. It doesn't
[05:09] make sense, I made much, much, much more than that, you know? That's instead of taking that money and buying Bitcoin, acquire knowledge, you Bitcoin, I'm also telling you not to buy stocks, don't buy
[05:25] those things. If it's this, it's a game for grown-ups. Whales, and you know where whales buy their fish? Whales buy here, they buy them at the low tide where the sardines are. Most people buy them for R$ 1, R$200, then sell them for R$2, they sell everything
[05:40] here, you understand? Then the whales go around eating everyone, you understand? They go around eating n't have money. If you don't have money, if you don't have, I don't know, R$ 50,000, or R$1,000 saved up, that money that you
[05:54] anything, that R$1,000, if you have that money, then yes, you can start playing around with multiplying your money. But if you don't have it, don't do that. other things you can invest in. You can invest in books. Oh, what a silly tip,
[06:09] but it's very important, man. You can take courses. I'm not just talking about going there and learning something. I'll give you an example from my dad, a very old one, it doesn't have much to do with it, but he took a course in... How to fix household appliances, and
[06:23] sell that service later and make money. A course that costs, I don't know, R$ 1,000, you can, I don't know, earn R$30,000, R$ 40,000, R$50,000 selling that service, you understand? But there are courses, you can buy classes too, lectures. Another very
[06:36] do with what we're talking about here, but martial arts, man, if you invest martial art, I guarantee you'll learn much more than buying Bitcoin, you understand? You'll learn about discipline, you'll
[06:49] advantage and start going to the gym too, man, it's an investment that's worth a lot, a lot, a lot, like, it's worth a lot, see, it multiply your income, man, it multiplies your knowledge millions
[07:02] of times. You buy books, you take care of your body, you acquire knowledge, even need to spend money nowadays to learn, man.
