hey guys mike fasil here and in today's
video we're going to talk about how to
make money
with bitcoin i mean look at this this is
ridiculous a lot of people have been
messaging me over the past couple of
days
mike should i actually buy bitcoin
should i not i know this video is about
making money online but i feel like i'm
losing money and wasting opportunity
here now here's the thing i got into
bitcoin around here and i witnessed this
first kind of like run-up and there was
a lot of lessons learned from that
a lot of interesting ways to make money
online that not a lot of people talk
about and that's exactly what i want to
talk about in today's video now the
first way is obvious uh you're probably
like mike obviously
i i know that but it's buying low and
sell high the only thing about this is
people even though they're scapulating
oh man like
bitcoin's gonna be a hundred thousand
dollars by end of 2021
the thing about when you you invest and
this isn't financial advice and i'm not
a financial advisor
you never want to buy at all-time highs
that was what i experienced here
around like in december right like i got
into it like
around here when it was just going up
right and i already thought it was
pretty expensive that it is but i always
made sure that i never wanted to buy at
all-time highs
because i remember back in december 2015
people were putting all of their money
in at this exact same
bull line right here similar to kind of
like what we see right now and people
were putting like their life savings
they were borrowing like hundreds of
thousands of dollars at the bank
and the thing about that is even if you
believe in like the technology of it in
the long term wise
a lot of people could not stomach
putting their entire life savings for
example at twenty thousand dollars
and then having the price of bitcoin go
down to like literally
half a couple months later so if you put
in like two hundred thousand dollars of
your life savings it would immediately
go to a hundred thousand dollars
within a couple of months and when you
lose like a hundred grand like that that
literally messes up your mind so when it
comes to
seeing something like this and feeling
like you're missing out because you're
like oh my god it's gonna go to a
hundred thousand dollars or
a million dollars per coin i need to put
all my money in right now
i want you to realize is are you
actually buying low
and selling high because odds are if
you're going to invest right now you're
selling at the all-time highs
what i like doing was waiting until it
was completely bleeding
and depressing and everyone thought it
was gonna work and that's actually when
a lot of my friends put in the most
amount of money because they believed in
like the long-term projection of it
but they know that you don't buy when
everyone's telling you to buy okay it's
just like pure psychology 101. now the
second thing which is a lot less riskier
than just like putting your money in the
marketplace is affiliate marketing you
know we talk a lot about that on this
channel all the time
but instead of actually putting all your
money into
things like this you could actually
partner with like exchanges like this uh
binance is a good one
and you get 50 commissions every time
someone completes a trade
so if someone does like a lot of day
trading you don't have to actually know
day trading at all
but if someone goes through your
affiliate link and then says trades
you know two bitcoins right in the an
exchange makes money
in terms of you know that trade you
could get 50
commission for how much money the
exchanges actually make
and that's something that is pretty
important to consider uh judging the
fact that you know i've met a lot of
people that
you know teach people about you know how
to trade and set up tutorials on binance
and even though they make a lot of money
in crypto it's not really
where most of their money comes from
this is more so like their safe keeping
or
them collecting gold it's not like how
you actually make a living off of it
where they get consistent cash flow in
terms of you know cryptocurrency and
bitcoin
is literally because of commissions and
partnerships that they make
with exchanges because what you guys got
to realize is
you know when you go gambling and you go
to a casino
it doesn't matter because the house
always wins it's the exact same thing
with exchanges
when the market's going up when the
markets are going down exchanges always
win
and if you could kind of start realizing
that and not have a fear of missing out
on just putting all your money in here
but getting more creative and how you
could actually get people
to uh to to kind of like leverage the
psychology that a lot of people are
falling into
this fear of missing out these people
want to you know learn how to
you know trade bitcoin and whatnot you
could actually have a less riskier
approach
to making money with bitcoin but you'll
also get like 50
commission every single time you
complete the trade and as you can said
it's like
it's free you just type in binance
affiliate program now the third thing is
selling a product and service but of
course accepting payments in bitcoin so
this is right here
london reels course uh it's like three
thousand dollars or six payments of 597
or you could go ahead and pay with
bitcoin now this is pretty interesting
because
that way you don't actually have to
invest your own money you know the
problem with most people especially when
it came to
this right here in 2017 is they were
taking a bunch of money that they didn't
have and they were just so afraid to
miss out on this like little bull run
that they literally like borrowed all of
their life savings
they took money out of their 401k and
they just saw that wither away
and most people did not have the stomach
to actually withstand you know all of
this craziness over the next couple of
years but had they have just waited
you know three years they would have
actually at least got their money back
on even as you guys can see right now
and maybe they're making a little bit
more money
but they had to stomach you know three
years of just blood
okay and like i said most people do not
have the stomach for that so one thing
that you can do
is just sell a product or service
because you could always switch it
between you know accepting cash or
you know if you really believe that it's
gonna go really really you know
high and uh to start growing and growing
rapidly every single year and have just
some sick and insane ridiculous growth
then you can just sell a product or
service and just add this little
embedded thing right here and then
accept bitcoin
but the most important fact is you're
not taking your entire life savings and
just throwing it away
in something that still a lot of people
are kind of speculative about
regardless if you believe in the
technology or not now the fourth thing i
know it sounds weird especially on this
channel because we preach
entrepreneurship but
even getting a job at an exchange can
pay you ridiculous amounts of
cryptocurrency and bitcoin
now i remember when uh my friend first
told me about his story how he got into
bitcoin it was like literally
years and years ago and it was before
anyone really knew about cryptocurrency
or bitcoin and he was like yeah you know
i ended up getting a job
at an exchange so an exchange is where
people do a lot of trading to
uh with the different like coins and
whatnot and tokens
and instead of them paying him in us
dollars he just got paid in bitcoin
the craziest thing is he's getting paid
like around three thousand to five
thousand dollars worth of bitcoin
but it was way way way back in the day
right when bitcoin was like literally
nothing
so even though he was getting paid that
he was actually so broke that he was
living at home with his parents and his
dad
i said you have to pay the rent and uh
he's like well i don't have any money
and the dad's like okay just pay me
bitcoin and because of that
the dad was able to get like hundreds of
bitcoin just because his son was paying
him for rent
right so you gotta start thinking of
more creative ways
other than you know just putting your
entire life savings and throwing it into
the markets and like i said the coolest
thing about this is it's a remote
job so you can even do this part time
with even like your full-time job
especially if you want to get into more
of this like
industry and learn more about the stuff
like what i did back in like 2017
um when i first witnessed this insane
growth for the first time
and everyone was just like deliriously
you know feeling like they were on
ecstasy the entire time
because of just how insane a lot of
money was made
but then they didn't also expect how
much money was lost around this time and
that's the only thing that a lot of
people need to realize
is with bitcoin you know it's when you
win you win really hard
but when it goes down you really feel
depressed like a lot of my friends
developed like crazy anxiety and
depression
and uh got very unhealthy when it ever
goes down and you never want to
allow your happiness and your sense of
well-being to be just like in the
markets that's why
you shouldn't put your entire life
savings into this but you should find
other ways to actually earn
bitcoin on the side that are a lot less
riskier and the last one is the fifth
one and that's developing a marketing
skill
now back in 2017 you know i started
going to all these
like bitcoin events and crypto events
and the thing that i realized the most
with all of these projects that were
coming up that were using like
the blockchain technology was they were
all like
like pretty decent right if they weren't
ridiculous like scams or whatnot right
but the ones that had the best products
because all of these are just
essentially companies
right think about like silicon valley uh
wanting to do an ipo
and you know get their product to the
market even though they raise like
millions and millions of dollars
if they can't do proper marketing
they're they're gonna
not be successful the problem that i
found
with all of these other companies that
you know you see
like here that all solve a specific
problem to
and our solution to a specific problem
because all these just think about these
is like
like startups and companies that you
invest money in and then your money
would eventually grow higher if it's
like a long-term play right
but the problem with all these people is
they completely sucked in marketing
you know the problem with cryptocurrency
and bitcoin is you have like this uh
cultish group of people that are like
bitcoin is the future
and then you have like your grandma that
has no idea how to do that
right that has no idea how to use
certain like technology skills she
doesn't even know how to use
the laptop the problem with these
companies is they're just marketing to
this existing market
when what the secret is is they need to
figure out how to market to someone like
your grandma
right and the secret with that is really
marketing right and if you understand
marketing a lot of these companies will
actually even give you a percentage
of parts of their company uh in terms of
like bitcoin
to actually pay you which is super
amazing because then you don't have to
actually risk your own money
that's one thing that you guys got to
realize especially when it comes
to investments even though this isn't
financial advice and i'm not a financial
advisor
is you got to figure out how you can
mitigate your risk the most
the most basic way is do not buy at
all-time highs
that's one thing even if you expect it
to go you know a hundred thousand
dollars
per coin it's just a lot like when if
you
bought at 20 grand at an all-time high
and you expect that it's gonna get a
hundred thousand dollars in the next
couple years
number one you gotta realize that you
gotta stomach all these ups and downs
because they could immediately go back
to as low as you know what is this four
thousand dollars
now if you invest 20 grand and you get
one bitcoin and it goes all the way down
to four thousand dollars you literally
got like a quarter of what you invested
right so you'd only be left with i guess
like five thousand dollars
and that sucks for most people but
if you're not putting your own money in
and you're using affiliate marketing
you're selling products and courses
you're you know getting a job when that
thing goes down
it's almost like you felt like you
didn't lose anything because you never
actually took
money that was your own money okay
you're leveraging products and services
you're
leveraging affiliate marketing you're
leveraging partnerships and this is
what i feel like is the smartest way to
make money with bitcoin
instead of just falling into the fomo of
just wanting to buy because you're
afraid that this is going to shoot to a
billion dollars
per bitcoin and you don't want to lose
out and you want to get rich quick
without having to do anything
i already experienced a lot of that here
so that's why i like i'm not as
emotional right here
because this was ridiculous man to be a
part of this
and to see that and to see how just
ridiculous people were thinking and
irrational
people were even though there was there
was some signs that it could go higher
and higher
i just never wanted to fall into the
trap with that and i i don't want you to
make the same mistakes
as me and a lot of my friends make here
and i can't tell you how many people
literally got so depressed when it went
down like that
and it's because a lot of people
couldn't stomach this three-year journey
it could happen here you know it could
go really up
for a bit and then it could shoot back
down and you got to realize
when you put your entire life savings
and it crashes how are you going to find
other ways to actually
make income like i said the smartest
people that i know
that are in this field they either did
it by
promoting and partnering with exchanges
because exchanges will always win
they either create products and services
like london reel and
brian rose or they get a job at a
cryptocurrency
company that's really it guys let me
know what your thoughts if you need more
help with this check out the free
training below where we teach people how
to do marketing and actually how to go
from zero to a hundred dollars a day a
thousand dollars a day even during the
lockdown check it out below and i'll see
you guys in the next video
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