Bitcoin hey guys Simon Jordan here co-founder of lay CEOs and today
I'm gonna be explaining why I'm not investing in Bitcoin, and why I think you shouldn't either
Alright guys, so I know this is probably gonna piss a lot of people off
But I wanted to give you my thoughts on building real businesses and investing in real income
producing assets, and why in
2018 I'll be focusing all my energy of things I can actually control now of course
I'm not saying you can't make any money on Bitcoin of course you can but the truth is the vast vast
Majority of people are gonna lose all their investment than this so in order to explain
Why more clearly I'm gonna jump on my computer right now, and show you
Alright guys, so I know this is gonna turn a lot of people off and you know that's fair enough
If this isn't what you want to hear then you know you can watch another video telling you how amazing?
Bitcoin is and that you should be investing your
Remortgaging your house and throwing it into Bitcoin
You know if that's if that's what makes you happy then you know stick with those videos
but I want to give my own opinion on Bitcoin and
In my opinion bitcoin is a complete waste of money
for the vast vast majority of people now joining in the hype train and
Investing into it so so right now bitcoin is the hot new thing and therefore. I'm sorry before
Before that it was gold and it was silver and before that it was the dot-com
bubble and so on and so on and so on right we see these things
come
Upon us all the time now all of this
What bitcoin is it? This is speculative investing and if you're looking for a way to change your life and make
Lots of money online. This is probably the worst possible way you could go about doing it
So you're essentially gambling in my opinion okay? You may as well take your money whatever money
You're willing to invest and you know head down to Vegas and throw it in some you know some blackjack games or slot machines
Because you have as much chance there of becoming a millionaire or losing your money as you have in
investing in such a volatile and
Commodity like Bitcoin now. I wouldn't even call it a commodity because it's backed by nothing and has actually no intrinsic value whatsoever
except the value that a newbie investors and put on it, so
The thing about Bitcoin let me just get my pan out here right so Bitcoin mm-hmm
Well the first thing to say that people are extremely
Emotional when it comes to money okay, and so right here
right here
this is
Emotional investing this is what you're seeing here these are
That's what we're experiencing right here with people getting at the Bitcoin who think that they know what they're doing and they're being driven
By extreme optimism right so everyone's telling them that this is amazing
it's gonna go up to this much, and it's gonna keep going on forever and
They're more driven by the fear of missing out right they're seeing news reports
They're seeing
experts
and they're seeing all these YouTube videos of different people telling them to invest and they're seeing it grow and grow and grow and they're
So scared of missing out that they take their money, and they pump it in and that's why you're getting this spike
Right here, that's what that is. This is all the newbies that don't really know what they're doing
being afraid that they're missing out and throwing their money in this super super high risk and
volatile
Bitcoin so
All these people that are jumping in they do not have the skillset to be getting involved in this kind of investment
They're total newbies being driven by emotion. Okay, so what you have to understand is that there are people who have spent years
Of their lives and hundreds of thousands of dollars on the best
business and finance schools right there to get their education to know
What they're doing in order to learn how to get in right here, okay?
That's all the people who know what they're doing or even even beforehand even in here right all the people who?
Have invested in their education and understand Vallot. I'll and stocks shares
These all these people have gone in here so that they can milk
all the newbies
Who they will inevitably?
Come in here, okay?
Thinking that this is going to go on forever and that they're gonna get rich quick. Okay. It's fueled by that mentality
You know that they want the easy?
Sexy you get rich quick thing that's on the internet and right now bitcoin
Is that at the point that I'm making here is that yes people who have years of experience?
And a track record of investing in volatile
High-risk stocks will make money
But if you're new to all this and you're thinking that this is an easy get-rich-quick
Investment that you just can't miss out on just be prepared to lose all your money
That's what I'm saying in my opinion a good entrepreneur always
minimizes risk in their investments and
Should not be getting involved in something like this now as we all know as I've said before
Bitcoin is hot right now and everyone and their grandmother are having these these small wins right
so
You know and there's certainly investment wizards and financial advisors
And this gives people false confidence
So they go for the next wing and the next wing and the next wing and then you know eventually the whole thing
crashes and
you know Uncle Bob the investment wizard for the last two months loses the majority of his investment and
If you want to be successful online doing your own thing building your own business
then you don't want to invest you're
Already high risk online revenue into another high risk super volatile asset
so
Let's say you're in affiliate marketing like me or you've got a social media agency
Or you're a drop shipping or whatever. This is already a high risk activity, okay?
It's already a high risk business like my business affiliate marketing in the beginning. It's high risk cause you know you learn it
You've got it you gotta figure it all out. You've got to you know get some courses. You don't get some sort of training I
Figure this thing end and I'm tired it's high-risk, but the more you learn and the more you gain control
You know the less the less high-risk
It is so you know
Let's say you make 100k right the last thing you want to do is drop that 100k into another high-risk stock
Like Bitcoin all right you don't want to you don't want to put your money into something
So you know as volatile as this it already takes a lot of time
learning and
Energy to manage. You know my business affiliate marketing so I don't want to have my money in something so high-risk
That's gonna. Take a whole lot more time and learning and energy on top of that so
You know and if you do have money to invest the smartest thing to do is really to put your money
into something like real estate, or safe stocks that actually yield dividends year-on-year, you know like safe stocks and
Assets that have actual real value behind them okay now
I know that these aren't
sexy stocks like Bitcoin
But let's let's take a look at one of the best right the best investors in the world Warren Buffett
So where does Warren put his money does he put it in Bitcoin?
No, he does. Not right let's have a look at Warren Buffett's and stocks
I mean just get this pan off, so let's go into Warren's
Stocks right now. What's Warren got here?
Okay, so if we have a look at
What Warren Buffett is investing into they are all big safe reliable and?
Stocks you know that are gonna yield dividends and like I said, they're not the sexy stocks
They're not that you're gonna. Make you know you're gonna quadruple your your investment overnight, but it's it's it's you know
It's a it's gonna. Do you see here? It's got a dividend growth streak 44 years, Walmart, okay, and
dividend yield 2.1 percent, right a
Bank, or dividend growth streak six years right everything that he's putting his money in is
You know it's big it survived Johnson Johnson fifty five years right and and these stocks are gonna
Give you yields. You know anywhere between sort of two three to ten percent per year
Right, but he knows that he's protecting his initial investment
He's not gonna lose his initial investment
And his money is
Working for him right so he has this diverse portfolio all these different things that he's investing his money
And I'm like I said if it's not stocks. It really should be real estate. You know if you understand real estate and
You know put it into property and investment property
Rental property it has a little coca-cola right so I mean like I said these stocks are not big sexy you know mega
You know quadruple your investment overnight, but what these things?
Do is they mean that you're they mean that your investment is safe and that your money is yielding dividends okay, and that's what smart
Investors do okay, so like I said they're boring
But they're very safe stocks like I like we just went to like coca-cola like Apple like General Motors
Okay
Because he knows that his investment is very very low risk that's gonna give him those yields year-on-year
Because these assets have real value and not imaginary value like
Bitcoin okay so bitcoins value
It means nothing okay, its growth is now determined
by
what a
bunch of beginners
Right think it's going to be worth in the future right. It's it's value is
is
Determined by that so and those beginners are basing that belief on their emotions that greedy get-rich-quick
fear of missing out
And that drive that makes them jump in and take huge risks with their money ok
Another better thing to invest your money on is yourself right so invest in books
Books on investing you know books on building an online business digital courses. You know things that you can actually
use and grow and you know become successful and in whatever it is you're trying to do and
obviously at life CEOs
We're involved in affiliate marketing is our business
And it's a business we have full and complete control over a safe and predictable monthly
income stream ok so
Like I said before it's it really isn't hard to do well in and it's you know
It's a much safer bet than you know taking this big gamble on big point
You know me mortgaging your house or selling your car to buy bitcoins. You know, it's just
there's so many better ways to invest your money guys really and
so and
Yeah, if you'd like more information on how to get started you know in affiliate marketing
I'll leave a link to our website in the description below
So you can start learning and growing a real online business with us instead of just throwing it all
Into a Bitcoin which is a really really really bad idea in my opinion, so what do you think about Bitcoin?
Are you investing or not leave it in the comments below?
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