hey everyone welcome back to the bald guy money channel i am bald guy let's talk money uh this is where we talk about converting your cash into wealth building assets and specifically what we're going to be talking about today is the best strategy for investing in bitcoin and it's a strategy that i have been using as long as i've been investing in bitcoin and i think it is the best strategy that everybody who is new to bitcoin needs to be aware of before i reveal the strategy though just


remember that none of this is financial advice please be sure to hit the like button subscribe and leave me a comment that helps the content reach more people and if there's something that you want clarification on maybe aren't 100 sure on please be sure to ask me in the comments section i am active there i will answer any question you have and one last thing remember please i am now on instagram at bald underscore guy underscore money you can find me there and i'll be sharing updates basically


daily on how i see things developing uh with respect to the markets as well as some things that are going on in my private life if you're interested in seeing that okay so now bitcoin i published a video on july 11th called is a bitcoin crash really coming and in it i talk about this guy scott minerd the global chief investment officer of a major investment firm called guggenheim partners and back in july he said that bitcoin was crashing and could go as low as 15 000 per bitcoin and coming from a guy whose


company manages more than 300 billion dollars in wealth a lot of people really took notice to what he was saying and i even know people who bought bitcoin kind of near the top when it was around you know fifty sixty thousand dollars back before april and they actually sold out of bitcoin at a loss expecting the price to come back to twenty thousand 000 and since then we know what's happened to bitcoin let's pull up the next chart uh as you can see here bitcoin bounced pretty hard off of 29 000 after a little


bit of sideways action and is now above 50 000 again giving a remarkable 395 return versus one year ago and leaving some of my friends regretting their decision to sell now i know some of you in the bald guy community and i really like to refer to us as a community uh are new to bitcoin and you haven't owned it for very long and to all of you i say welcome but you absolutely need to know this due to the fact that there can only ever be 21 million bitcoin and of that about 7 million of them are


lost forever the competition to get the remaining bitcoin is really heating up as a result some people will play games in the media to create what's usually called in the community fud so fear uncertainty and doubt in an effort to get you to sell your bitcoin and why so they can buy it now do you want proof i offer this up as proof let's get back to yeah okay perfect so if we go back to what i presented uh back in july in that video you will see that at the same time mr minerd was saying bitcoin is crashing


and that it's like the tulip mania that happened in the 1600s in holland when the prices of tulips went up and then crashed hard his company was actually launching funds to gobble up bitcoin now when it comes to supply on exchanges this is a very important metric that we all have to look at and understand when considering what is the future for bitcoin so just take a look at this chart covering the current reserves on exchanges it's the purple line there sorry i know it's a bit hard to read but what i want


you to pay attention to is that we are hitting lows with respect to the amount of bitcoin on exchanges and this trend is going to continue especially considering the fact that the sec the american securities and exchange commission will likely approve bitcoin investment funds soon meaning a tidal wave of institutional money will be entering bitcoin and will likely deplete these reserves even further so the last thing before i take this chart down which is the absolute most important thing to note here is that the price of bitcoin


is inversely related to the supply of bitcoin meaning the less bitcoin there is the higher the price will go and where's the price going to go well i made that video back in july and i was saying that by the end of the year we should hit 85 000 per bitcoin and i still stick by that as a minimum conservative estimate of where bitcoin is going to reach by the end of the year and that leads me to my best bitcoin strategy and it's made up of two parts here they are number one dollar cost average in buying the dips now what this


means basically is if you have money earmarked to buy bitcoin don't spend it all at once spread it out over a month two months and buy on days when it pulls back for five even sometimes six percent because that's the nature of bitcoin don't expose yourself to buying a peak or buying higher prices than what you actually have to pay number two huddle and that's a term that you might have heard before and in the crypto community it basically means hold so what i do is i dollar cost average in


i buy the dips to make sure that i'm not paying too much for my bitcoin and i'm holding for the long term because bitcoin should reach new highs as time goes on and listen you will be tempted to sell at some point and that's perfectly normal and that's perfectly okay i always stress the fact that if people have experienced really big gains on an investment it is good to take some money off of the table to take the money that you've invested off of the table and you're basically


playing with what i've called house money okay and that is not a bad strategy it is perfectly fine but i always stress one thing is don't panic bitcoin is still in price exploration mode we don't know really how high this thing is going to go but we do know it is going to be a bit of a bumpy ride on the way up so pull up this visual yeah there it is keep calm and huddle should you choose to enter bitcoin because i am of the opinion that we are going within the next five to six years to a


million dollar bitcoin and for many of you out there who are new in to investing in bitcoin this represents what is called by many in the community many youtubers call it life-changing wealth this can be life-changing for many of you and don't get spooked out by the people who are deliberately trying to spook you out of bitcoin and buy it from you that's it for me for this one this is a pretty simple straightforward message short one so if you liked it please i'd love to collect feedback on this kind of format


so please leave it for me in the comments as i mentioned before it also helps the algorithm and as always i wish you all success i wish you happiness i sincerely wish you all happiness i hope to see you in the next one goodbye