Is it a good time to invest in bitcoin now? Or should I wait?

00:01 hey everyone you're probably wondering 00:03 with Bitcoin at $103,000 per coin is it 00:06 a good time to invest in Bitcoin or 00:08 should you wait my answer is always the 00:10 same now is a good time to invest in 00:12 Bitcoin and you're probably thinking 00:14 "But wait Joel you always say that you 00:16 always say it's a good time to invest in 00:18 Bitcoin how can it always be a good time 00:20 to invest in Bitcoin?" The answer is 00:21 because you can't time the market and 00:24 what I mean by timing the market is you 00:26 can't tell what is high and what is low 00:28 it's impossible to tell what's high and 00:30 what is low because you don't know the 00:31 future and so what seems high or seems 00:34 low is only as related to the recent 00:37 past or the past in general and with any 00:41 asset that has a huge amount of upside 00:43 potential what matters is the future and 00:45 not the past so you you don't know what 00:48 low or high is because you don't know 00:49 what the future holds uh so let's 00:51 imagine you you're going to rewind back 00:53 to the 1990s and you're trying to invest 00:56 in you're trying to decide whether to 00:57 invest in Amazon or Apple or you know 01:01 Amazon or I should say uh Microsoft or 01:04 any of the companies that became part of 01:06 the Magnificent 7 that actually existed 01:08 back in the '90s and let's say their 01:11 stock price today is $500 and back then 01:14 it was you know 50 so you could have 01:16 made a,000 times your money literally 1 01:18 0 0 0,000 times your money $1,000 turns 01:22 into a million dollar well 50 cent stock 01:26 price is you're thinking "Oh but but 01:28 that's really expensive because it was 01:30 40 cents and now it's 50 cents and 50 01:32 cents is close to the highest it's ever 01:34 been so why would I buy Microsoft or 01:36 Amazon or Apple at 50 cents a share it's 01:38 so expensive because it used to be 30 01:40 cents and then it used to be 40 cents 01:42 and now it's 50 cents." Well again in 01:44 retrospect you should have bought it at 01:46 any of those prices you should have 01:47 bought it at 30 cents 40 cents 50 cents 01:50 all of the prices in the 1990s were 01:53 fantastic prices to buy Amazon Apple or 01:55 Microsoft there was no bad time to buy 01:58 it you know there was no concept of high 02:01 or low that made sense because even the 02:03 highest price in the 1990s looks 02:07 ridiculously cheap today and so if you 02:09 only bought assets when they seemed like 02:11 they were cheap you'd basically never 02:13 buy any high-erforming asset because 02:15 high-erforming assets go up over time 02:18 which means they're constantly feeling 02:19 like they're expensive bitcoin itself 02:22 has felt expensive from day one 02:25 literally every single person who has 02:27 ever acquired Bitcoin at any price has 02:30 thought it was expensive because 02:32 initially it had no price and it was 02:34 priced at a fraction of a penny and then 02:36 it was worth a bitcoin was worth a penny 02:37 and that seems so expensive and then it 02:40 was worth 10 cents and that seems so 02:41 expensive and then it was worth a dollar 02:43 and it seemed so expensive cuz it used 02:45 to be worth just 10 cents or 1 cent and 02:47 then it was worth $10 and that seems so 02:48 expensive and then it was $100 and then 02:51 a,000 and$10,000 all of those prices 02:53 seemed so expensive and since I've been 02:57 involved in Bitcoin since 02:59 2017 which is 8 years now um back then 03:03 uh the prices today I remember everybody 03:05 thinking back then uh the same thing 03:07 they think now except there was a zero 03:09 missing so the price of Bitcoin right 03:11 now is 03:12 103,000 and back then it was 10,300 03:15 exactly the same price you just take a 03:17 zero off 103,000 turns into 10,300 and 03:21 then it dipped to 7,400 which is the 03:23 equivalent of 74,000 and then it went up 03:26 to 80 you know 8,500 and then it was 03:29 9,400 and then it was 10,300 again all 03:32 the time everyone was worried about it's 03:34 expensive and you know why would I buy 03:36 it at 10,300 because it used to be 03:39 8,400 just 3 weeks ago and before that 03:41 it was 7,400 and then it was 9,600 and 03:45 like everybody spent all this time 03:47 worrying that they were buying expensive 03:49 Bitcoin when the truth is all of those 03:51 prices are up a,000% 03:53 everyone who bought who who bought 03:55 Bitcoin at any price between 7,400 and 04:00 10,300 is up somewhere between 10 and 15 04:03 times their money which is a fantastic 04:06 return over eight years that is a 04:08 fantastic return so um but again 04:11 everybody tons of people were not buying 04:13 Bitcoin at 10,300 because it was so 04:15 expensive and they were going to wait 04:16 for they were going to wait till they 04:17 could buy it at 8,500 and then of course 04:20 you know eventually 8,500 never came and 04:22 they never got to buy Bitcoin at 8,500 04:25 because it took off and it just went a 04:27 whole lot higher um so anyway it's never 04:30 a bad time to buy Bitcoin uh when you're 04:32 when you're sitting on an asset or you 04:34 can potentially be buying an asset that 04:37 will be up 10x somewhere between 10x and 04:39 50x 100x whatever in the future every 04:42 price is cheap um I can't time the 04:45 market the the person who buys more 04:46 Bitcoin than any other human on the 04:48 planet is Michael Sailor the uh CEO of 04:50 Micro Strategy mstr is their ticker and 04:53 they just go by the word strategy now he 04:55 has bought more Bitcoin than any other 04:57 human on the planet and he buys it at 04:59 every price every time he has capital 05:01 availability he buys Bitcoin he doesn't 05:02 make any effort whatsoever to try to 05:05 time the market because he knows it's 05:06 impossible to time the market i know 05:08 it's impossible to time the market and 05:10 anyone who's ever tried to trade stocks 05:12 or trade commodities or play the stock 05:15 market all knows you get burned you 05:17 cannot tell when it's high you can't 05:19 tell when it's low you know when it 05:22 feels like a great time to buy it is 05:24 when it's going up it feels like a bad 05:26 time to buy everything when the price is 05:28 on sale like you will just never win by 05:31 trying to wait to buy when things are 05:33 cheap because they will always seem like 05:35 they're expensive with and you just 05:37 you'll end up never buying that's the re 05:38 the vast majority of the time the reason 05:40 people never bought Amazon or Microsoft 05:43 or Apple is the stock seemed too 05:44 expensive well they could have made you 05:46 know a hundred times a thousand times 05:48 now their money literally a thousand 05:49 times their money from 1990s to the to 05:53 the present but they didn't because it 05:55 was too expensive it was too expensive 05:56 to buy back then so my recommendation to 05:59 everybody is whatever Bitcoin you're 06:02 going to buy just buy it u put it out of 06:04 your mind stop thinking about it come 06:06 back at some point at years in the 06:08 future it'll be worth a lot more if you 06:10 try to time it by buying it at specific 06:12 prices I promise you'll lose people 06:14 always do they always try they always 06:16 lose just don't do that if you're gonna 06:18 buy Bitcoin just buy it um anyway it's 06:21 same advice I've been giving for years 06:23 the same advice I was giving when 06:24 Bitcoin was below 7 $17,000 so everybody 06:28 who bought Bitcoin when I was saying 06:29 this exact same thing below $17,000 is 06:32 up 600% they made six times their money 06:34 and that was from 2022 2023 uh to the 06:39 present so just in the last two or three 06:40 years there's up they're up 600% on the 06:43 Bitcoin they said to buy and back then 06:45 again everybody was like "Yeah but FTX 06:47 blew up it could go lower bitcoin's 06:49 $17,000 i'm going to wait and buy it 06:51 till it's $15,000." Guess what it never 06:53 it never was $15,000 um if you wanted 06:57 $15,000 Bitcoin you had to do that years 06:59 earlier than that it never got that low 07:01 in 2022 and I didn't try to time the 07:03 market i was buying it all the way down 07:05 i've been buying it all the way up the 07:07 most recent Bitcoin I bought was when my 07:09 paycheck hit what day of the week is it 07:11 okay so it's the 17th so I had a 07:13 paycheck hit earlier this week um and I 07:16 literally it hit the bank account and I 07:18 went in and I bought Bitcoin at 104,000 07:20 a coin or whatever it was earlier this 07:22 week 103 104,000 a coin i'm not going to 07:25 wait in time the market i have no idea 07:27 for all I know 150,000's right around 07:30 the corner like why on earth would I 07:32 wait and try to get it a little cheaper 07:34 and then miss up on a,000% upside 07:37 because I was waiting for 10% cheaper it 07:39 just doesn't make any sense to do that 07:40 um so it's good time to buy Bitcoin i 07:44 would buy again anybody who's planning 07:45 to buy Bitcoin just buy it like again 07:47 you can't time the market ask anybody 07:49 who's ever attempted to time the market 07:51 you can't time the bit the market with 07:53 Bitcoin you can't uh time the market 07:55 with any asset uh so buy whatever 07:57 Bitcoin you can sit on it as long as 07:59 conceivably possible and um that's same 08:02 advice as always and it's the same 08:03 advice at uh at you know10 $103,000 as 08:08 it is at 08:09 $10,300 which is the same price price 08:12 recommendation at $103 um also if you're 08:15 wondering why I'm sitting in the dark 08:16 it's because my power is out for the 08:18 10th time in 2025 literally the 10th 08:20 time for more than 40 hours of 08:24 2025 my power has somehow been out uh in 08:28 Mississippi um so I travel a lot but 08:31 sometimes I'm in Mississippi and I'm in 08:32 Mississippi right now and the power is 08:34 out for the literal 10th time in 2025 08:37 for a cumulative total of more than 40 08:39 hours it feels like I'm living in a 08:41 third world country for power 08:43 availability the the power availability 08:45 everywhere I travel is better than here 08:48 so in Honduras the power availability is 08:51 much more reliable in Honduras than it 08:54 is when I'm in Mississippi i just don't 08:56 know how that's even possible but for 08:58 whatever reason the power is constantly 09:00 going in and out and it is it's not just 09:03 me it's like the whole area around me is 09:05 constantly losing power so at some point 09:07 I may buy that generator i've been 09:09 talking about buying i just don't want 09:10 to separate i don't want to pay the 09:12 Bitcoin to buy it and Bitcoin is the 09:14 only form of currency I have to buy this 09:15 generator and you know it's a shame to 09:18 buy something with Bitcoin when it's 09:19 going to go up in the future but if it's 09:21 the only currency you have like me at 09:22 some point you got to decide you're sick 09:24 of living in the dark um so anyway I may 09:26 finally pull the trigger on that who 09:28 knows we'll see uh but now's a great 09:30 time to buy Bitcoin uh that has not 09:32 changed and um anyway buy as much as you 09:35 can sit on it as long as conceivably 09:36 possible my advice has stayed the same 09:38 year upon year upon year and it's never 09:41 been bad advice have a great evening 09:43 everyone thanks