Is Bitcoin a good investment?

Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Dave explains how currency works and shares his opinion on the digital currency known as Bitcoin. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1160 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1159 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1158 Download the FREE EveryDollar App and start telling your money where to go. http://www.daveramsey.com/everydollar?ectid=70.11.1157 Do you need help with your taxes? Find an Endorsed Local Provider near you! https://www.daveramsey.com/elp/tax-services?ectid=70.11.1156 Need help selling or buying a home? Click the link to find an Endorsed Local Provider in your area. https://www.daveramsey.com/elp/residential-real-estate?ectid=70.11.1155 Do you have questions about investing? Let one of our Endorsed Local Providers help. https://www.daveramsey.com/elp/investing?ectid=70.11.1154 IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi

Comments

1. 3 years later and BTC is sitting at $1200. of course the only thing we will hear from dave now is crickets
2. As of 4-8-17...
   Bitcoin is $1185.00 ~
   Davy - don't talk about stuff you know nothing about and aren't willing to do any research. Ya look like a fool.
3. According to the US Government and the IRS as it relates to taxes, Bitcoin is not a currency buy an equity. The information in this video is inaccurate. Equities is how they are defined when you do your taxes and must be taxed as capital gains, similar to stocks for example. Bitcoins are volatile, similar to very small cap businesses.
4. No one should EVER put all their eggs in one basket, but you might also keep in mind no one ever hit a homerun standing outside of the batter's box either.
5. Wrongggggggggggggggggggg you're so wrong bout bitcoin!!!
6. I respect him, i just disagree
7. With little invest of 0.2btc you can make up to 9btc in a month trade feel free to contact me at philipmawdsley0@gmail.com
8. Maybe he's against bitcoin because he is invested in the us dollar which has no backing and loses value... in us dollar it has more dollars made each time it is produced than bitcoin which is only 21 million... Usa prints billions of dollars each time and it makes the value of the dollar less than bitcoin. but anyone heavily invested in the dollar fear crypto because there goes their way of life.
9. Love you videos Dave but you were completely ignorant about Bitcoin at the time of this video. First, if someone invested $1,000,000 into Bitcoin at the time this video was uploaded, their investment would now be worth over $2,500,000. In fact, Forbes acknowledged that Bitcoin has been the best performing currency in 2015 and 2016 (also others years not including 2014)
   
   You were right that buying other currencies is a gamble, but holding US Dollars in your savings account is also a gamble, as the US Dollar can crash in value at any moment.
   
   Anyhow, hope you and the team take another look into Bitcoin.
10. Well, gee, Bitcoin could collapse, but if it did it wouldn't be for any reason that has anything to do with what Ramsey is talking about. He has no idea what he's talking about.
11. Big difference ...  You can't flood the market with Bitcoin currency.  There are a limited number of them.
12. Ever notice hoe Dave always calls everyone dumb or stupid that does not agree with him? Hmmm, sign of low self esteem and high ego. Poor Dave is right...
13. Looks like bitcoin will be around for a while. Gold is definitely tried and true and has been valuable since the dawn of civilization. Not sure I'm with you on this one.
14. He's so out of touch of today's reality. Poor, old man
15. This is the worst argument on earth against bitcoin i've ever heard in my life
16. Sorry you got it wrong Dave - but nice try old sport.
    
    Bitocoin was the world's best performing asset in 2016.
    
    2017 is already pretty interesting to say the least.
    : )
17. There is some reason to this. The US dollar is backed by the demand of the US Government in terms of tax payments. Failing all else the US government will accept the US dollar as payment. Given 300 plus million people and companies under the debt burden (taxes) of the US government, you have a fairly large base of people willing to demand the US dollar. There is extreme stability in this.
    
    Bitcoin and other cryptocurrencies do not derive demand in the same way and currently their demand in much more volatile. One source of demand is independent nature of the currency, another is its extreme security when proper procedures are taken. Your bank money can be legally seized, nobody can seize your bitcoin if you take basic security precautions (look up "paper wallet"). Also another source for bitcoin demand would be long distance money transfer as it was cheaper and still is faster. Other cryptocurrencies still are cheaper and have 3 sec delay times across the globe.
    
    He is right that over speculation is a problem, but speculation also afflicts the traditional assets he referenced. The housing market in DFW is up over 10% year over year and it is all on extremely leveraged mortgages. The stock market is the same. Companies leave assets abroad, borrow money at low-interest rates and buy back stock to make up for low growth. Sometimes they buy their own stock, other times they buy another companies stock. ECB buys European corporate bonds at low interest and those corporations just buy US company stocks with higher dividend yield. Companies cut research and development or consumer/worker safety to boost the P/E ratio.
    
    If there is any phony demand let us look at a stock market that triples as the economy barely grows.
18. oh Dave, you & your non science education.
19. LOL Poor Ramsey. I wonder if he even knows what L.O.L. stands for. He really is in stuck in the 80's!
20. Everyone is excited and optimistic about a pyramid scam too- before they find out it is a scam. Bitcoin has been radically volatile which always creates some winners and some losers- of course so does gambling. To me it sounds like a runaway train- powerful and exciting to ride before a possible crash, but it makes me question where the track ends and all I hear about from it's supporters is how fast it is flying right now and how no one has the right to regulate it, slow it down, or apply the brakes. Investments are seldom about right now performance, but the future. True, all fiat money not supported by real assets are historically going to crash eventually. (Shhh, as a side note, Social Security is a pyramid scam by definition but people think they can fix it by dumping more of other people's money into it- like you can fill up a money pit.)