Home
Artists
Search Recent Random
Posts
Search DMs Popular Hash Lookup Tags Random
Importer
Import FAQ
Register
Partychan Matrix ThePornDude
Home Artists Posts Import Register
The Offical Matrix Groupchat is online! >>CLICK HERE<<

Going live now on YouTube (Patreon)

Published:
2021-05-30 22:04:37
Imported:
2022-03

Files

IA Weekly Q&A Live: Where BTC is going, ETH, Litecoin, Tesla and Amazon

Weekly Q&A - Where BTC is going, ETH, Litecoin, Tesla and Amazon The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. 0:00 Intro 0:30 Crazy Negativity - My Thoughts Wykoff manipulation is ending. Miami bitcoin conference. Need to get above the 41K. Close. Big money coming in. 2:00 -Steph Ion If you only had some ETH would you sell half to get some BTC, given the dip? Most Pristine SOV Everyone needs some BTC due to the scarcity ETH risk is higher albeit return is also higher EIP1559 is not guaranteed Bitcoin future is bright 10% chance it will hit $1M in 10 years 4:00 Sell some ETH to get in on Bitcoin -Jakey What is your opinion on borrowing against your BTC to buy more BTC to earn interest on the BTC? Borrowing Against BTC to Buy More BTC Borrowing to speculate is dangerous It is like trading using leverage Imagine you borrow 50% collateralized and BTC falls 75% you would get wiped out 6:00 Portfolio Rebalancing The crypto and tech stocks positions need constantly reducing, and it’s causing me a lot of tax headaches. Any tips for how often you rebalance to allow corrections to do some rebalancing for you? -Phil Davies Get rid of the losers or those at a top or sell calls OOM Take profits from winners that you are uncertain eg speculative Alt Coins eg a LTC spike or an Equity that has suffered a fundamental change Calendar cleaning - eg loss harvesting Portfolio concentration eg 10 Assets - 9 are flat and one goes up 12.5X eg ETH over last year… now your portfolio is 60% ETH. Portfolio Rebalancing - My 4 Methods 8:00 Why ask someone to pay you in BTC and make them have a taxable event. Why not just get paid in FIAT and immediately buy BTC yourself? What is the advantage of the direct payment? -Mike McDaniel No taxes in some jurisdictions Mobile Discrete Accessibility No debasement Most pristine asset Fast - 10 mins Secure No Fees No currency conversion eg USD to EURO to BTC… 9:00 Why Get Paid in Bitcoin People do not want cash or receive it to transfer it. Fee. 1 BTC and you transfer from your Binance wallet to Trezor - CB 10K. Not a taxable event. Only taxable when you sell ie transfer 1 BTC to Kraken and convert to USD if new value is 36K. Now U.S. Treasury tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue Service. Transferring as an expense to someone in Portugal or Romania or recognized - I incur the business expense and they receive BTC - that is up to them how they report in their jurisdiction. BTC Transfer Disclaimer: All the information provided above is for informational purposes only and should not be considered as professional investment, legal, or tax advice. 10:00 Why do you never mention litecoin LTC in your videos? -Hassan Rassul LTC vs BTC 12:00 Why did you say you’re a fan of PoW? versus PoS -The Foundation What I like about BTC POW POW is a free market Security POW is like mining gold What I like about POS Lower energy No need for mining in China Faster What I don’t like about POS Hard to settle fork disputes Those with the most coins win Less secure than completely decentralized POW algorithm POS vs POW Both Are consensus mechanisms 13:00 Does Elon’s antics worry you? -Adron Pierson My thoughts: The best brains are single-threaded Many geniuses are on the autistic spectrum If he was firing on 8 Cylinders he would not have achieved what he has Terrified of AI “I don’t think anyone realizes how quickly artificial intelligence is advancing” Tesla is safe Elon Antics Both Are consensus mechanisms 14:00 Thoughts on Amazon (as a stock to invest in)? -Maria M LoBalsamo My thoughts: Incredibly bright Value of AWS alone is $750 billion (½) Analysts peg 1 year target at 4,244.98 I see AMZN at $6000 by 2025 Risks New CEO Monopoly status Amazon Future Both Are consensus mechanisms 15:00 How do you keep your purchases in order? -Sandra B 16:00 How many times a week do you exercise? -Robert Pullan Want more? (you know what to do!)

Comments

Anonymous

Refreshing like a madman possessed!

Anonymous

Woohoo, will be able to catch this right before bedtime

Anonymous

Black cat guy, now I know I like you. We have 4

Anonymous

Smart hair cut 👍😊

Anonymous

Good session James.

Anonymous

Many Technical Analysis predicts Bitcoin go to 20k or lower and will need several years to come back to ATH. They seems very convincing. What are you're thoughts on that?

Anonymous

You often mention July as being a big month. What is going on in July?

Anonymous

Hi James, Patreon Capitalist member and love it!! thank you for all you do to educate and inform! is Cosmos (ATOM) on your list , and also would you consider doing 5 year predictions in the spirit of Cathie Woods and older folks like me lol . I sent a $20 tip note and hopefully you got it for the animals !! Thanks James

Anonymous

I want to drill down on your answer about borrowing against your BTC holding to reinvest in BTC. I think you’re assuming that the borrowed funds immediately get reinvested. However, what I did was to borrow against BTC above 57k and got my funds in USDC. I then held that getting 10% interest until BTC, dropped. I’ve now been able to pick up BTC, ETH and ADA at great sales prices. I also didn’t borrow the full amount I could but more like 50% “just in case”. Curious about your thoughts on this alternative method of borrowing to reinvest. Thanks!

Anonymous

Hi James, Brilliant Q&amp;A session as usual. Just a quick question; If you bought 1 Bitcoin when it dropped to 53K after the all time high in April, does it make sense if you sell it now at a loss say 40K and aim to invest all the 40k towards buying more than a Bitcoin if it drops below 40k???

InvestAnswers
>>60890121

wow 4 - T is a stray we took in. She was abandoned on the streets and had kittens, all adopted but sadly nobody wanted the mom.... so she is now part of the team here :D and on YouTube

InvestAnswers
>>60891182

the infrastructure is being built for more on ramps and new funds by money center and regional banks to offer bitcoin custody....

InvestAnswers
>>60891189

Thanks Chad. Love it and ATOM is officially on the list and will happen in the next 5.

InvestAnswers
>>60891233

yes correct - scenario would be someone buying 1 BTC at say 50K, borrowing 50% collateral pulling in 25K to buy more BTC.... my concern would be the 1% chance BTC falls hard requiring a margin call.... key is to control your risk and be in a position to cover margin calls. You are well aware of the potential risk but I want to stress people be aware of the downside risk which could mean a borrower loses it all.

InvestAnswers
>>60891389

This would be an intense timing excercise. Akin to almost day trading. The time to sell and buy back was 10 days ago... I feel the direction is up from here so I feel that would be risky. The odds are higher it will add $5K than fall $5K.

Anonymous

James, I don't know about others - but from time to time I still see a ton of glitches and latency issues with your live youtube streams. It's pretty frustrating because I know you're out there spreading important knowledge and truth, but sometimes key points become unintelligible. Like today you were talking about rebalancing and some key things were totally lost. Hope you can get that fixed for future videos! Thanks!

Anonymous

James. I have tax savings idea. Long setup here....I have been buying bitcoin on a regular basis the last year. Obviously the last few months I bought at higher prices than the current prices. On the other side of my assets I’ve sold stocks at capital gains. Here is my plan....Sell the Bitcoin I’ve recently bought at losses to offset my capital gains in my stock portfolio. Then, immediately buy back the same amount of bitcoin I sold. Since there are no wash sale rules on property I can do this without issue. I know I will lower my Bitcoin cost basis for the future but I don’t plan on ever selling for profit so I’m not concerned. From my view this is a short term window to take advantage of this tax savings opportunity.

Anonymous
>>60893187

Tax loss harvesting. I actually have Coin Tracker, a crypto tax app. It tells you when to harvest a loss. I'll let James answer, but it sounds like you're in a position to grab a quick loss.

InvestAnswers
>>60892192

So sorry, we have had the internet team out here twice.... and although we have a lot of bandwidth there still seems to be a tiny glitch for a few seconds every ten mins. Hope they can resolve soon. Thank you

Anonymous

I’ve heard you often mentioned that proof of stake might not be good because people that have the most coins would have more power. But with proof of work don’t you have the same thing with the people that have the most computing power? It’s it a wash?

Anonymous

Hey J...thank you for everything. Love the enneagram segment that you did. You strike me as an Integral thinker (i.e. Ken Wilber, Spiral Dynamics, etc). Also... would you be willing to geek out and do some kind of old school Porter analysis/Genetic strategy analysis on some of these blockchain companies....or is that kind of analysis thrown out the window in a more flat structure, integral DAO? Just thinking out loud.

Anonymous

thanks @James for another awesome and real video - have you come accross this you tuber https://www.youtube.com/watch?v=jFp86n7QCf0 I know there are lot of FUD out there but no harm in trying to understand the other side (as i am trying to provide some perspective on the recent market movement). Tecklead raises some compiling reasons for the selloff and why sold his BTC. I know you are flat out with research and addressing all our emails/comments .. but your thoughts or analysis on his reasoning why market went crazy would be muchly appreciated. once again thanks for all your hard work.

Anonymous

Let's start our own gold backed token .... you and me 50/50 ... call it CryptoGold

Anonymous

I'm still buckled in! Interesting if fiat and crypto crashed simultaneously .

Anonymous

Great Q&amp;A look forward to the crypto spreadsheet Thanks again

Anonymous
>>60911526

I think that some models in Google Sheets have been posted in the past. These were at least referred to in some of the videos. I can not however seem to find these documents here on Patreon. Does anyone know how I can access these files? Thanks in advance!

Anonymous

Interesting ... https://www.coindesk.com/ex-head-of-chinas-digital-yuan-effort-says-cbdcs-could-operate-on-ethereum

Anonymous

?FUD or real bear potential? https://www.cryptonewsz.com/chinese-traders-resort-to-otc-desks-for-regulatory-crackdown/

Anonymous

Sorry for the off topic question, but does anyone have the fee discount info for FTX? I thought I remembered James providing it in one of the videos. I'm moving my assets over to FTX. The interface is great.

Anonymous

https://ftx.us/#a=6600802

Anonymous

That's only for use in US. Found in the notes from James' May 20 youtube video.

Anonymous

Hi James, thank you for your service, great value! wondering if you have any thoughts on USDT tether. Still so much negative press out there regarding whether or not it is manipulating the crypto marke. I'm not sure if you have discussed before?

Anonymous

James, thank you as always! It was very nice to meet your cat as well :)

Anonymous

Hey James, thanks for all you all your work great great content. Seriously cant thank you enough. as you said always have your dancing shoes on, so here is another angle from a bear analysis on BTC crashing and not recovering not sure if you have seen this thesis https://youtu.be/xcBrZ3qM8Sg But would be worth while if you can comment on this number/chart comparison in regards to stock market, gold etc. Does he have any validity in this conclusion? As always love your work, cant appreciate enough.