What is the best strategy to enter crypto trading now for someone with more or less than $12k

I HAVE BEEN MAKING HUGE LOSSES FROM MY ACCOUNT. PLEASE I NEED HELP

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

As someone who's into investing, I often wonder how successful investors make millions. Right now, I have $545K from selling my home, and I'm not sure what to do next. Should I invest in Bitcoin now, or wait for a better chance?

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve.

*What we do today really impacts how our future turns out , I plan on saving and invstng to keep my kids future secured so they do not have have worry when I am not here*

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

I would really appreciate any advice here on how to start as well

Why would you call a man who is totally invested in the old system to ask about a new investment?

Only put in what you are willing to lose, and do your due diligence.

Thanks for the update.

I wouldn’t say buying and holding for 10 years is “getting rich quick.”

Cryptocurrency now reminds me of internet companies in the 90s early 2000s. A lot of them will fail but the ones who make it will CHANGE THE WORLD. Like Amazon, Microsoft, Apple, Google, etc.

I bought the dip, it’s not a get rich quick, but I’ve been Hodling and it’s made me a small fortune

It amazes me how people call in and say they've been watching the show for awhile, and then ask a question they should already know the answer to 🙃😂

Dave “Paper Hands” Ramsey

I would also be interested in starting mine this 2022 , I hope it's not too late for me

If you want to invest in any other investments except Mutual Funds & Real Estate, get ready to be roasted by Dave! 😂

When Dave was 24, there was no internet.

Never take advice on new technology from your grandpa..

The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a Good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that Happened me. But all thanks to Eric Birger for his amazing skills for helping me to earn 15.6 Btc through trading chart. I believe we are in the spring phase..

Calling Dave to talk cryptocurrency. Lol.

Dave... ...buy the dip 📈 😂🤣😂🤣

Clicked on this video to see how Dave would say no lol 😂

I would also be glad if anyone here cab explain a few things for me , this is 2022 and I believe it's my time to invest and shine for a better future

Impressive video! Your detailed analysis of the intricate pension situation and the potential impact of the debt ceiling crisis is a compelling wake-up call for proactive financial planning. Yet, adding a touch on alternative investment strategies, such as the potentially lucrative day trading, would have elevated the discussion. Though risky, with strong risk management and a keen understanding of the markets, it can be a profitable endeavor. Continuous learning, staying updated with trends, and leveraging insights like Boston Weber’s are critical to success. Remember, with discipline and dedication, trading success is within reach….

Great video, trading come with a lot of benefits And 1 have just bought my first house through it. As a beginner I was scared of loosing my savings but l'm glad I took the bold step that is now favoring me.

This video didn’t age well , what’s the failure rate on bitcoin ? +50000% Please inform listeners that the only thing they can buy to outpace inflation

I'm 27. And the future is going towards cryptocurrency. I'm not using it to get rich quick (although I have made SUPER gains), I'm buying in consistently and holding long term. Yes, it is more risky in the short term, but in my eyes, It is a no brainer long term.

Its funny to see seasoned veterans in the financial world who don't even see this major financial shift happening right in front of our eyes. We will see what happens.

Buy the dip and hodl for the next 10 years. Crypto’s here to stay

I’ve never regretted buying cryptocurrency’s I buy and hold. And over the long run it’s done quite well

Blockchain and DeFi are young, but show incredible potential on scale with the internet. Put a little money in a variety of the top performers, and don’t touch it for a while. Don’t worry about the day to day.

Nice video and thank you for breaking it down!! Even with the current dip, I'm still glad. I can smile back at my portfolio of $66,700 made from my weekly trade within a short period. I feel one Of the greatest challenges that we first timers face in the market is that we end up losing all we have, making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time.

Thank you for your help creditlord

Dave's response to this call was much better than I expected. He at least called it "speculative", rather than straight gambling. I'll take it.

Hello I need someone to help me trade forex or crypto market because I'm tired of trading in losses

Ramsey slowly changing his mind on cryptocurrency. He isn’t so harsh about it anymore. Chainlink 🚀

I have been trading for sometime now following tips from youtube videos but still I find myself on the loosing side of my trades too often. Please any idea how I can increase my profit ratio

Wouldn’t hurt to throw $50 a month towards it. If it really goes to millions like people say it would then you will still make a lot. As long as it’s a small percentage of your world then your fine.

I’m just here for the future comments calling dave a boomer

Great< video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Leeroy Walker in few weeks this is one of the best medium to backup your assets incase it goes bearish

The general consensus in the Cryptocurrency Community is this: Do NOT risk more than you are willing to lose! If you can't afford to lose it then you should stay away from it because it IS highly speculative.

If you’re on the fence about investing in cryptocurrency, it can be tough to tell whether it is a good investment. For every investor who swears it’s going to change the world, there’s another saying it’s a terrible investment.

The amount of time we spend believing we can't is more than enough time to learn how you can.

Before you invest any money in anything, you have to be honest about what you really want to see happen. If you believe, & have research to back up the idea cryptos will increase in value over the long term (like 10 years or more) then go ahead and invest only what you can afford to lose completely. If you think, with or without research, that an asset will increase in value significantly in the next two years or less, you are just gambling and you need to stay away - whether it's cryptos, stock, real estate, anything. Speculation is speculation. Only once you can say that you are not speculating - once you've evaluated yourself first - only then can you start evaluating the asset.

02:56 if you watch/listen to enough Dave Ramsey you will pick up on all of the nuggets to support the 'diagnosis' of PTSD. Dave's entire thesis on money stems from his incredible losses in his 20s. I'm not saying its bad advice, but it is clear where his risk-aversion comes from.

Dropped 40% in two days because a tweet by Elon Musk. Sound too volatile to me.

Me: Saving, getting rid of debt, building a future, and an inheritance for my children and grandchildren. Also me: Buy the dip, Shib to the moon...

this advice aged well

It's very volatile so if you dont have an iron stomach stay away. I'm up over 200% even after latest big drop so I'm holding still.

Every investment is speculating period, no matter the risk curve or history you have on a certain investment.

People who get rich quick, typically go broke even quicker

To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living a financially stability

We all knew what his opinion was before we watched the video Lol

Man Dave really doesn’t understand the old fiat system is dying.

Dave would quote something which says "he who hastens to get rich, will not go unpunished "

over 20k in, and lost 10k in the dip, now up to 3k in loss as we speak. Now diamondhanding it for the long haul of a ride! Regrets and cares out the window!! Imma ride!!!

I put in $200 in doge and $150 In shiba. I figured it won’t be the end of the world if I lost it all and if I make money great. I’m just curious to see what it does

Buy the dip honestly it’s for fun if you have your IRA and 401k in order I see nothing wrong with it otherwise I’d spend it on car parts.

"Investing is the tortoise, speculating is the hare, and gambling is the possum in the middle of the road." Gotta be one of the best Dave quotes I've heard in a while.

"Buy low, Sell high"

I think putting moderate percentages of your total investment spend is ok as long as it’s not a large amount of total portfolio.

5:17 “It’s gambling”. “That’s what it FEELS like to me”… thanks for the investment advice based on your feelings.

A real investment generates cash. Everything else is speculating that you can sell a thing for more money to the next guy.

Was Marketing team waiting for moment like this to upload this

HELLO, I wanted to ask what is PPLI and IUL and what would be the pros and cons of it? My friend got into this and I haven't heard of it...Thank you.

I love Dave, but his stance is not always right.

I lost 100k in the dip but made 250k from it overall so do at your own risk my buddy went from 750k to 230k in recent dip

This is like asking Warren Buffet if you should invest in tech stocks. Warren’s nearly 100 years old and has been notoriously wrong about tech. Totally missed it. Dave is the same. He doesn’t understand what’s happening.

Guys just buy Cardano and stake for the 4%. I did the same. Capital appreciation while you sleep.

Aslong as it's a small % of you networth, I don't see a problem.

Every investments whether real estate, stocks or bonds are all volatile or hostile. But be ready to lose or gain. So the best bet is to invest in all sort of investment and be patient

It’s not about getting rich quick. It’s about preserving purchasing power and protecting yourself from inflation.

Love the statement of tortoise, hare and possum. That is such statement of complete truth of investment, speculation and gambling.

I know Dave's response by just reading the title haha

Perfect video after 50% drop

Dave: GET RID OF ALL OF IT! JUST EAT BEANS N RICE

ETH

said in a perfect time :) but today is going back up again :)

Dave Ramsey is the old guy who gets angry at his iPhone for not working when he really just doesn’t know how to use it.

Terrible financial advice. Crypto as an asset class is 100% legitimated and you have cost your followers millions bashing btc but you know nothing about it

I respect the true experience admitted here that educates as certainly as it possibly can for the ones hoping to learn

I do not know Mr. Coleman, yet I can sense that he is likely a very nice guy - he reflexively smiles at the beginning of each question; each and *every*.

Is this still a question in 2021? All my students doing great

The ultimate plan do both safe and high risk. Best of both worlds.😎

Thanks for the video. Any thoughts on Kuma Inu? Some are saying that it may be the next Shiba Inu, but with additional utilities. It's skyrocketing.

Dave Ramsey gives excellent advice to his target audience.

There's nothing at all wrong with putting a portion of your portfolio into high-risk stuff.

I have learned the hard way repeatedly that deliberate, steady, methodical, consistency is what wins. No true way around it.

When/where does the show air live?

It would be fantastic if Dave Ramsey interviewed Michael Saylor to ask if bitcoin is a good investment. You know Saylor, it is the bitcoin goob with 10x Dave’s net worth.

Finally bought a little DOGE yesterday, up 30% today. They can have it back when i get to 100% gains.

I like how Ramsey says that because there is no one path. People invest differently and it is whether you can live doing that or not. My uncle became rich off of restaurants too but it is also a high risk investment like everything else. Elon Musk who is the greatest entrepreneur of our time would say that Tesla nearly went bankrupt and he had only a decision between funding SpaceX or Tesla so what he did was invest in both in hopes that they will fly.

Can anyone answer this: what % of people per generation became wealthy by stocks? And what % of people per generation has become wealthy by crypto? (I believe that crypto has the highest chance for people to become wealthy. Literally can't find this info)

Most volatility and risky, volatility is fine but risky is not.

The same things were said about the internet and email.... Learn blockchain and understand what the future is... Buy large-cap companies and hold long-term.