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October 4, 2022
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Bitcoin

– Bitcoin, cryptocurrencies and blockchain technology.

Well-known investor and best-selling book author on personal finance, Dave Ramsey, gave a vision of Bitcoin advice to a man who made over $ 100,000 while investing just $ 1,500 in cryptocurrency. Ramsey has expressed his doubts about Bitcoin many times before. He called e.g. cryptocurrency “Funny money”. Now he recommends anyone sell Bitcoin immediately.

Dave Ramsey: Sell Your BTC Fast!

Now Dave Ramsey has given Daniel of Salt Lake City, Utah, a vision of BTC investing advice. Lucky Daniel mentioned that he invested about $ 1,500 in Bitcoin in 2014 and has made about $ 120,000 so far.

Ramsey calls himself “America’s trusted voice on money.” He is the author of seven best-selling books on finance: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, The Legacy Journey, and Smart Money Smart Kids. In total, he sold over 11 million copies of them. He is also a skeptic about BTC.

You say you can pay it out today for 100 grand? – he asked Daniel Ramsey. – There is a process in finance called sunk cost analysis. If you don’t withdraw money today, it’s like having invested $ 100,000 in Bitcoin this morning. That should scare your brain – he exclaimed. He added that holding BTC is “Reinvesting” in cryptocurrency every day. In his opinion, Daniel should sell all coins quickly.

When I hear that $ 1,500 turns into $ 100,000, he gets really suspicious He continued.

Bitcoin is tempting investors

Ramsey further warned the man that “The other danger is that you’ve already done this shit once [czyli kupił BTC – przyp. ]so you may be tempted to do it again.

Summing up the conversation, he said: – You do what you want, but I’m not a fan of high-risk investments, or at least that’s what I would call Bitcoin.

What do you think of Dave Ramsey’s bitcoin advice? You can see that he is an older generation investor who does not understand the ideas behind cryptocurrencies …

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