SANE CRYPTO - Cryptocurrency investing for retirement (Bitcoin, Ethereum, and Cryptoasset Investing)

Holidays here in the States

Taking a break for a couple of weeks to spend time with family and recharge batteries

Back early next year

Maybe we'll get lucky and the market will take off while I am not looking…that would be a nice Christmas present

Regardless of what the market does, I am wishing you a wonderful holiday season, filled with family and friends and a prosperous new year!

See you then!

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

There's been a lot of concern over where the market is heading for the past few weeks, to put it lightly. And since Bitcoin hasn't been immune to the sharp drops, many cryptocurrency investors are wondering if it's time to cut their losses and sell their crypto assets. In this episode of the podcast, I cover whether or not bitcoin is truly dead, whether you should be selling off your assets, and discuss my thoughts on managing investments in a bear market.

In this week's conversation, we talk about:

✓ Why I never sell during a downward trend

✓ Why investing is a game of probability, and not of timing

✓ The importance of keeping emotions out of the investing game

✓ How to keep your portfolio protected in a bear market

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FREE ONLINE GUIDE: How A Little, Little Bit of Bitcoin Can Increase Returns AND Hedge Against Financial Crisishttp://kimsnider.com/bearmarket

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

Board of Psychiatry and Neurology. She also held a Ph.D. in Brain Anatomy and an M.D. in Psychiatry. I was fortunate enough to be able to interview her back in 2008 about investing strategically in an uncertain economy. As relevant now as it was then, I revisit the interview in this episode of the podcast.

In this week's conversation, we talk about:

✓ Why people do "bone-headed" things in the market

✓ What causes emotions to overtake discipline

✓ How to form a plan for investment

✓ How to keep a level head even when going against the herd

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

I was listening to a podcast recently where they interviewed Dan McArdle from Messari about his take on Bitcoin. While we seem to agree for the most part, I there are some nuanced differences between our opinions, and I felt compelled to share my take on the matter. There's been a lot of talk lately about using Bitcoin as a hedge against inflation and recession, and it's an area I feel strongly about.

In this week's conversation, we talk about:

✓ Why having a non-correlated asset like bitcoin can benefit your portfolio

How bitcoin can act as a hedge against hyper inflation and a financial crisis

✓ The fact that bitcoin is an asymmetric bet with a massive upside

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

Recently, I came across an Ask Kim email from someone who's financial advisor had told them that bitcoin was a scam, only used by criminals. This infuriated me to no end. It is an investment advisor's duty to help you make sound financial decisions, and this particular advisor showed his ignorance as well as potentially doing harm to this investor.

Rather than sit on it and remain angry, I decided to use it as an opportunity to debunk the top three myths surrounding bitcoin. When you choose to ignore facts in favor of sensationalized myths, you are costing yourself a financial opportunity.

In this week's conversation, we talk about:

✓ Why people perpetuate these myths

✓ The myth that bitcoin is only used by terrorists and criminals

✓ The myth that bitcoin has no value, and isn't backed by anything

✓ The myth that bitcoin is too risky for all but the most speculative investors

✓ The consequences of giving in to these myths

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

Recently someone asked me why they should invest in bitcoin. A lot of people are interested in where the future of investing is, but they're apprehensive about investing in cryptocurrency. I think not investing in bitcoin, and not investing in it now, is insane!

In this episode I cover why you shouldn't pass up on the potential that bitcoin has to offer, and why we are in the sweet spot for investing in it.

In this week's conversation, we talk about:

✓ Why bitcoin is a non-correlated asset to any of the other assets in a typical portfolio

✓ How bitcoin acts as a hedge against inflation and financial crisis

✓ What makes the upside potential of bitcoin so massive

✓ Why I believe now is the sweet spot of the adoption curve

✓ How big Wall Street players are starting to jump on board for real, and why this means you should invest now

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

The three biggest mistakes new cryptocurrency investors make are wrong timing, wrong thing, and wrong amount. This week, in elaborating on these mistakes, I revisit an interview I conducted with Dr. Leonard Mlodinow back in 2009, where we discuss how to succeed in a random market.

In this week's conversation, we talk about:

✓ Why rats are better at probability than humans are

✓ How do we know markets are random

✓ How does a drunk walk

✓ How many times do we have to play the World Series to know statistically which team is better

✓ If the market is random, how do fund managers and day-trading course, still exist?

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

A lot of people ask me, "Is Bitcoin really a good investment?"

This week I breakdown how to use Bitcoin to reduce risk so that you can understand why it's not only a good investment, but an essential investment. In a world where anything is possible, diversifying your money by holding native currency, cryptocurrency, and some gold helps ensure that you can offset unexpected financial issues.

In this week's conversation, we talk about:

✓ What makes Sane Crypto sane?

✓ How I think about investing

✓ What holds people back from investing in Bitcoin

✓ The three ways bitcoin reduces risk

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

 

Over the weekend I had a conversation with a good friend of mine who is interested in Bitcoin but has no clue how to purchase it. I did my best to break down all of the convoluted terms and steps so that you can see just how simple and painless the process actually is. If you find yourself interested in Bitcoin but intimidated by how involved it seems from the outside, this episode is for you!

In this week's conversation, we talk about:

✓ How to setup and add money to an exchange account

✓ How to exchange that money for cryptocurrency

✓ How to move your crypto assets to a hardware wallet

✓ Explaining terms that might be foreign to crypto beginners (like exchange accounts, hardware wallet, etc.)

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.

This week, we are, once again, going back to the listener mailbag. I got this email, a week or so ago from Doug in Florida:

My employer recently changed our health insurance plan, and I'm now able to easily invest in bitcoin via the CXBTF fund in my HSA. If bitcoin takes off, I think this would be a great way to take care of health care expenses in retirement, and avoid capital gains taxes. The only difference I see between using an HSA instead of a Roth IRA is that to avoid taxes with the HSA, I need to use it only for health related expenses. Do you think this is a good idea? Are there other drawbacks that I'm missing?"

In response to Doug's question, we talk about:

✓ Should you invest your HSA in Bitcoin? Or anything else?

✓ Should you invest your Roth IRA in Bitcoin?

✓ Backdoor Roth for high income earners

✓ How should you invest retirement funds? Checkbook IRA? GBTC? Or CXBTF?

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FREE ONLINE TRAINING: Sign up for "How A Little, Little Bit of Bitcoin Can Make Your Retirement Savings Go A Lot, Lot Further", at https://sanecrypto.com/retirement

FULL SHOW NOTES ARE AVAILABLE AT: https://sanecrypto.com/podcast

QUESTIONS OR FEEDBACK: Email:[email protected] Twitter: @sanecrypto

SUBSCRIBE, RATE AND REVIEW: Hope you will subscribe so you don't miss any episodes and, of course, give us an honest Rating and Review. I read each one and it helps tremendously to improve the show.

DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.