Andy Cavazos on Clubhouse

Bio

Photography and Bitcoin

Andres Cavazos Photography
https://1-andres-cavazos.pixels.com

1 Bitcoin = 100,000,000 Sats (Satoshi’s)

Bitcoin goes 12 decimals deep, only 8 are currently viewable.

$1 USD today is worth 90% less than it was in the early 1900s.

Inflation % is not 2-3% based on CPI but instead in asset appreciation such as Real Estate & Bitcoin. This means inflation is closer to 15-35% and your money’s purchasing power is being cut by the same percentage/yr.

1 BTC @ 58k = 1 Kg Bar of Gold $57k

When 1 Sat = 1 USD
then 1 Bitcoin = $100,000,000

Mining with today’s computers will yield more Bitcoin than a more powerful system years later.

The cost of Electricity is meaningless today vs the actual # of coins you can earn. In the long run you will double, triple, quadruple your money on the coins you earn.

Only 21 Million Bitcoin ever.

18.7million coins already mined (early 2021).

14.1 Million BTC is stored in Cold Wallets off-chain. Of those 2 million are lost to broken drives and lost wallets and keys or passwords.

There are businesses that are attempting to provide recovery for lost coins if you have some.

4.6 millions coins actually in circulation + daily 900 Coins currently mined (2020-2024).

Final coins will be mined in the year 2140.

Bitcoin is like Whack-a-mole, you can stop some computers, but any that remain will copy the ledger to the others and continue working.

Make a PDFs of all your transactions. And never try to hide your crypto.

Pay your taxes, including short term capital gains from Bitcoin sold within a year.

To get the best ROI you need to wait at least 1yr to sell any coins so that it drops to long term qualified income tax or similar.

Also you can borrow against your crypto and not pay taxes on it.

Coinbase allows up to 30% loan on your BTC holdings.

BlockFi is another good one, Celsius and even Voyager might get into that space.

Loans are tax free and usually 8% interest. Some have even borrowed to buy more bitcoin.

Best platform I’ve found with interest payments : Voyager app gives 5.5% on your BTC and 7% on the VGX (voyager token) and 4% on ETH and a few others.

Voyager Referral with free Bitcoin or VGX:
https://voyager.onelink.me/WNly/referral?af_sub5=A85EA2

This is not financial advice just my own experiences and learnings. Do your own DD (due diligence).

Learn about bitcoin
https://youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn