Take a moment to check Eric Wade’s responses below… then I hope you strongly reconsider our offer to sign up for Crypto Capital and get a bonus free year.
Bitcoin is already up 100% so far this year and it’s just the early days. Eric Wade already closed 9 positions so far this year for triple-digit gains and he would love to show you his next recommendation due out soon.
Here we go…
- 1 Question #1 from David L.
- 2 Question #2 from Charles R.
- 3 Question #3 from Greg W.
- 4 Question #4 from Michelle P.
- 5 Question #5 from Anthony G.
- 6 Question #6 from Russell B.
- 7 Question #7 from Brad B.
- 8 Question #8 from Brian D.
- 9 Question #9 from Herman S.
- 10 Question #10 from Choong K.
- 11 Question #11 from Priscilla H.
- 12 Question #12 from Dan K.
- 13 Question #13 from Daniel J.
- 14 Question #14 from Gary B.
- 15 Question #15 from Babette B.
Question #1 from David L.
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… this was actually the most popular one by far!
Look, the government could try to say Bitcoin’s illegal – but the technology literally makes it 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. Just like what happened with gold in America.
As far as taxes are concerned, they may seem tricky at first just like any new asset, but there are several crypto tax software providers I can share with you as soon as you sign up. And more and more are coming out every day. That’s what I do personally. These programs pull in most of my transactions automatically, and have made it incredibly easy for me to file my taxes every year.
Question #2 from Charles R.
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?
When you sign up, the first thing I’ll send you is a new report on one of my favorite places to buy Bitcoin right now.
I even set up a special deal with this company so you can get up to $250 in FREE Bitcoin (or another crypto of your choosing) as soon as you get going with them.
There’s also Bitcoin ATMs now, and 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, Visa, Mastercard and all the big names are releasing crypto features, too.
Buying some 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.
And, yes, for every crypto I recommend I will always walk you through how to buy and hold them.
Question #3 from Greg W.
Are investors able today to 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.
Question #4 from Michelle P.
So if crypto/Bitcoin is based on internet/technology, etc., isn’t it open to problems if that base gets shutdown or is hacked?
This was another popular one.
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.
Question #5 from Anthony G.
What do you suggest as asset allocation today to cryptos?
You don’t need a lot. 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. I have 8 open 1,000%+ winners in Crypto Capital right now. (It was 4 when I first started working on my Beyond Bitcoin presentation.)
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% or more depending on your tolerance for risk.
Question #6 from Russell B.
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. You should never invest in something you don’ t understand. But I’ve filmed over 100 videos since joining Stansberry that walk you through things at a very high-level. We always tell you where to buy and how to hold each crypto, too.
To take things one step further… I would actually argue that crypto is easier to navigate than 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 and crypto, 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.
Question #7 from Brad B.
How do you pick which cryptos to recommend?
I ran out of time to discuss this in detail, but I’ve actually developed a proprietary 7-point rating system I call “UPDRAFT”.
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… 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 27 recommendations.
And, by the way… here’s are ALL of their open returns as of the end of last month. I’ve added one recommendation since then and my 1,000% gains count is now up to eight!
Question #8 from Brian D.
I needed to drop-off the call. How can I find the video on your website?
Until Friday, you can still watch the FULL replay on-demand, on this page right here.
Question #9 from Herman S.
For persons over 80 yrs. old and have a nice portfolio, 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 is too much for your financial situation, I would recommend saving a bit more before getting started.
Remember during the event I showed you how much I project just $500 in each of the opportunities I told you about could grow into?
The amount you chose to invest is entirely up to you… just make sure it’s not something you couldn’t stand to lose.
To me, a few $500 investments is worth a shot at over $30k in profits.
Question #10 from Choong K.
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 Red Cross.
The list goes on and on…
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.
Question #11 from Priscilla H.
Is there an ETF for crypto?
Yes! There is a great stock opportunity for people who want crypto exposure… it trades just like any normal ETF fund, but it’s not quite the same. It’s very popular with my new readers so I cannot give it away for free here. You’ll get the ticker and all the details in one of the special reports that I’ll send you as soon as you sign up here.
Question #12 from Dan K.
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 market manipulation going on, but the overall trend is crystal clear. Bitcoin grows its user base and use cases every day.
Question #13 from Daniel J.
Maybe this is a dumb question, but 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 #14 from Gary B.
How many crypto’s are covered by this service?
Right now, my team and I have 27 cryptos we’ll share our research for as soon as you sign up. But if you’re new, I’d start with just Bitcoin 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 #15 from Babette B.
When does this offer expire?
I haven’t heard how long we’ll keep it open yet, but it likely won’t be long.
Maybe just another day or two…
I’ve heard rumblings from my publisher that it may be Friday.
Also, the price of Bitcoin is already up around 100% this year, so this offer has been extremely popular.
And it’s not uncommon for my recommendations to soar out of buy range.
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 discount and free year while this offer is still open. You can do that on this page here.
I know this was a long one to read… but I hope it shows you the level of service you can come to expect from me and my team.
I strongly hope you reconsider joining Crypto Capital through this phenomenal offer that I’ve brokered on your behalf – designed to save you $7,000!
I already have many, many new readers after the event, and I hope to see your name on my list of new subscribers soon.