With cryptos, you DO NOT need much to get started. A small bet of $500 could help you potentially double your money (or more). Remember, we’ll give you 50% off Eric Wade’s Crypto Capital when you subscribe now. Eric put together the below Q&A based on the most common questions we’ve received from readers – I just wanted to pass them along as you may find them helpful…
- 1 Question #1
- 2 Question: We need an easier way to buy crypto. Is there a way or will there be one soon?
- 3 Question: Are investors able today to easily purchase bitcoin in their IRA/ROTH accounts?
- 4 Question#4:
- 5 Question: What do you suggest as asset allocation today to cryptos?
- 6 Question: Will I need to spend a lot of time learning how to make these buys?
- 7 Question: How do you know which crypto(s) to buy?
- 8 Question: How can I find the video on your website?
- 9 Question: Do you believe this is a “safe” investment?
- 10 Question: Where can one use bitcoin to buy an asset now?
- 11 Question#11:
- 12 Question: If there are only 21 million Bitcoins, what is to keep the big banks or governments from buying up all of them and sitting on them or running the cost up beyond a normal person’s ability to purchase them?
- 13 Question: How many crypto’s are covered by this service?
- 14 Question: When does this offer expire?
“Bitcoin may be the Final Frontier… but the IRS is the one entity that always gets its take. Ditto with regulators. Don’t you think regulators could make things difficult for crypto?”
Great question David… And yes, the government could try to say bitcoin’s illegal – but it’s literally unstoppable. It’d work out just as well as prohibition or when they tried to make going over 55mph illegal in the 1980s. People would just find a way around it (like speakeasys), or do it anyway (like speeding).
And even if they were to say owning bitcoin is illegal… which I highly, highly doubt… that would undeniably hurt the value in the near-term, but I believe innovation would simply move offshore.
We’ve seen examples of this as China has changed its stance on crypto several times over the years. The system will reach a tipping point where governments that ban it will just need to let it back in. This is THE STRUGGLE, though. Just like the separation of church and state was a battle that ultimately improved people’s lives… we believe separating money and the state will do the same.
Taxes can seem tricky at first just like any new asset, but there are several crypto tax software providers I can recommend for you. That’s what I do personally. They pull in most of my transactions automatically, and have made it incredibly easy for me to file my taxes every year.
By taking advantage of today’s offer, you’ll get immediate access to my recommendations, my full model portfolio, including 24 crypto picks, which I’ve hand-selected for my subscribers. The fastest way to get started is on this page here.
Question: We need an easier way to buy crypto. Is there a way or will there be one soon?
My gut tells me most people think buying bitcoin is much harder than it actually is.
You learned how to use the internet, right?
Plus, there’s all sorts of new services popping up to make things easier for you… Services like Crypto.com’s app or the “Cash App” by Square can put bitcoin on your phone in minutes. PayPal offers the same.
And look, you can own bitcoin in less than 3 minutes (yes, I timed it)! Buying smaller cryptos can require a bit more time, but that challenge filters out most investors and means the ones of us who are willing to do the work capture all the alpha.
Question: Are investors able today to easily purchase bitcoin in their IRA/ROTH accounts?
Yes! Same with most 401k and brokerage accounts. IRS Notice 2014-21, which declared bitcoin property for tax purposes is what mandates IRAs to let you hold it in your account. As bitcoin continues to grow in popularity, I expect this process to only get easier and easier.
“So if crypto/bitcoin is based on internet/technology, etc., isn’t it open to problems if that base gets shutdown or is hacked?”
Bitcoin runs on computers in more than 100 countries. To shut it down, every country in the world would need to work together to root out everyone that was contributing computing power to the network. Good luck.
My point is: Bitcoin has already evolved into the largest and most secure computing network in history.
Hacking it would require collusion among the operators of that network or spinning up your own network that’s 51% as powerful as bitcoin’s. The costs to even attempt that doesn’t make it worth it…
Stepping back, though, to hack bitcoin would basically mean destroying it because people would lose faith in the network. It would be like stealing the Mona Lisa but knowing as soon as you got it outside, it would turn to dust in your hands. If you steal millions of dollars-worth of bitcoin, all the buyers will exit and your heist would have been meaningless.
But today, you can protect yourself when you claim a special offer on my best crypto advice and ideas. Altogether, you’ll receive a 50% off discount for my best research and recommendations.
Question: What do you suggest as asset allocation today to cryptos?
Not a lot. Really. As I said, it’s the best asymmetric bet in investing right now. Amazon (AMZN) and Facebook (FB) simply won’t see their stock rise 1,000% with such enormous market caps.
But we believe there’s a sea of 10x opportunities within crypto.
And today, you can claim a special offer on ALL of my best crypto ideas.
More generally, we recommend starting with 1% of your investable assets in crypto… as you grow more comfortable, you can bump that up to 5-10% or more depending on your tolerance for risk. Remember, just $100 in bitcoin in 2010 would have you sitting on over $45 million today.
Question: Will I need to spend a lot of time learning how to make these buys?
“Because this is a foreign concept for me, will I need to spend a lot of time learning how to make these buys?”
I won’t pretend getting started in bitcoin requires ZERO homework, but I’ve filmed over 100 videos since joining Stansberry (don’t worry, you DO NOT need to watch every one) that walk you through things at a very high-level. We always tell you exactly where to buy and how to hold each crypto, too.
Like I said, you can learn how to own bitcoin in literally 3 minutes… and I think you’d probably need no more than 15-20 minutes to study everything you need to know to act on the crypto plays I described with Austin, and my brother, Alex.
To take things one step further… I would actually argue that it’s easier than using the traditional monetary system. If you want to pay someone in England today, for example, you’re going to pay as much as $50 in fees and it could take four days or more. You would be limited to dealing with your bank on weekdays during banking hours.
With bitcoin, however, you could do the exact same transaction in minutes… for about a $0.97 fee… 365 days a year… 24 hours a day… WITHOUT touching the banking system.
We can send an e-mail anywhere in the world instantly. Why shouldn’t we be able to do the same thing with our money?
My team and I also just launched a brand-new onboarding program for you to get started with Crypto Capital (you’ll start receiving this series by email the day after your purchase – but all of my training materials are always 100% accessible via our website). It takes all the guesswork out of what to focus on first. In other words, we hold your hand the whole way through.
But again, the good news is…
When you take advantage of today’s special offer, you’ll receive Crypto Capital for 50% OFF the regular price… plus, you’ll receive my research AND my entire model portfolio with a total of 24 recommendations right now.
Question: How do you know which crypto(s) to buy?
As I showed viewers in my presentation, I developed a proprietary 7-point rating system I call “UPDRAFT” which cuts through all the hype and B.S.
Each letter in that name stands for a different attribute that I look at for every crypto I consider buying. For example, the “U” stands for “Users and Uses.” There’s a whole scoring system that helps me stay objective. And that’s absolutely necessary, as crypto is moving as fast as the early days of the internet.
If you want to know more about my process , there’s a special report and training videos in the Crypto Capital library that walks you through it in more detail. It explains how I’ve narrowed down the entire crypto universe to just 24 recommendations.
Question: How can I find the video on your website?
“I’d like to rewatch the original presentation. How can I find the video on your website?”
For a short time longer, you can still watch the FULL replay on-demand, on this page right here.
Question: Do you believe this is a “safe” investment?
I can’t answer that for you. It all comes down to your own risk tolerance. Every investment comes with risk and you should never invest more than you’re willing to lose.
But with bitcoin and cryptos, I’m recommending you start very, very small… perhaps with just a few hundred or thousand dollars. If that’s too much for your financial situation, I would recommend saving a bit more before getting started.
Remember the example we highlighted during the presentation?
- Band Protocol (BAND) was the pick… and the first trade we made on it could have given you a 177% gain in just a little over a month.
- The second trade on that same crypto could have handed you a 1,206% gain.
- And the third trade on it could have given you a massive 2,123 gain!
So, you see?
You could have made a lot of money with my strategy. But the amount to invest is entirely up to you… just make sure it’s not something you couldn’t stand to lose.
To me, $100 is easily worth a shot at a million dollar payday.
The fastest way to get started is on this page here.
Question: Where can one use bitcoin to buy an asset now?
More places than you’d think. I’ll just mention a few that comes to mind.
AT&T… Burger King… KFC… Overstock… Subway… Virgin Galactic… At a Miami Dolphins or Dallas Mavericks game (once we can finally go back to sports arenas)… Norwegian Airline… Etsy… Domino’s Pizza… Expedia.com… and the RedCross.
The list goes on and on…
And more companies are being added to this list every week… including Tesla who announced earlier this week that they’re planning to soon start allowing bitcoin payments.
If you wanted to, you could also connect your bitcoin to a debit card and spend it ANYWHERE the same way you would with cash.
“Here is what I think is a good question that scares the heck out of a lot of folks who have modest understanding of bitcoin, and a partial reason as to why it is so volatile… WHALES.
These guys with 1,000 or more Bitcoin seem to be able to manipulate (too strong a term), but cause sharp drops in the price and scaring folks away. What is your thought on this one? Thank you!”
Dan… it’s pretty awesome you already know what a “whale” is. For anyone who doesn’t, in the crypto world, a “whale” is someone that has a huge stake in a particular crypto asset…
The cool part about bitcoin and other cryptos is they’re very transparent. You can look at exactly what the whales are doing… and for the most part, what we see is a clear pattern of accumulation. The whales tend to buy bitcoin when the prices are low and sell when the prices are high. We try to do exactly the same. Sure, it might appear there’s some sort of market manipulation going on, but the overall trend is crystal clear. Bitcoin grows its user base and use cases every day.
Question: If there are only 21 million Bitcoins, what is to keep the big banks or governments from buying up all of them and sitting on them or running the cost up beyond a normal person’s ability to purchase them?
That might happen if you wanted to buy an entire bitcoin, but you don’t have to do that. You can buy a fraction of a Bitcoin as small as 0.00000001.
If that amount of Bitcoin ever becomes too costly for basic transactions, you’ll likely be able to buy even smaller denominations.
Question: How many crypto’s are covered by this service?
Right now, my team and I have 24 recommendations you can buy as soon as you sign up. But if you’re new, I’d start with just bitcoin and ethereum as you take some time to read through everything on my site and go through the new onboarding series I was just telling you about.
Question: When does this offer expire?
I haven’t heard how long we’ll keep it open yet, but it likely won’t be long.
Remember, you can take the next 30 days to see if my research service is right for you. If you’re unsure or unhappy for whatever reason you can get all your money back in credit.
My suggestion is just to sign up now to capture the 50% OFF discount and while this offer is still open. You can do that on this page here.