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Absolutely fascinating interview about the complexity of EFT investing and the risks of holding fiat currencies in a world of orchestrated expansionary central banks. Thanks to both of you! Rick
He says you cant dilute the value of bitcoin but all I have to do is create a fork. My shitcoin might or might not get public traction but every time a new coin or fork comes out it devalues Bitcoin. If you are Bitcoin maximalist or not you cannot deny that Bitcoin Cash, Satoshi's Vision, gold or what ever other fork or new coin comes along it just proves it is all just belief in pixie dust and more likely to go zero than anything else. The only blockchain that will be worth anything will be the blockchain that proves you have ownership of something real.
Video is well over (2) years old. Market sentiment and Fed monetary policy has since changed. Mr. Bergman is ‘Alice’, while today’s equity and bond markets are ‘Wonderland’, and the Fed is the ‘Mad Hatter’.
You performed a valuable service. Thanks. I thought this was brand new advice, seeing date it was posted (until I heard John Boogle was still writing), Posters MUST be more open of date a video is made, ESP economic advice.
@@corn_pop6082 Interview air date displayed throughout the interview in the top left corner. Unless you pay for the service, you will see mostly dated interview videos. That stated, Mr. Bregman's thoughts and observations beyond Bitcoin remain relevant today 11/11/19
I tuned out when he suggested gold can be diluted, but not bitcoins. Uh, gold is not being manufactured, it’s a near finite excepting as mining occurs, and most all of the world’s gold has been mined. Moreover, historically currencies as honest money were once pegged to gold because of these very facts of its rarity. Other than the chicanery in the paper markets that have banks selling metals to then short them only to force collateral calls to cover their short positions, all which results in temporary downward spikes, gold (I’ll add in silver) & tangible precious metals hold value...they ARE real money. Crypto currencies seek to emulate this. But the speaker here lost all credibility with his erroneous assertion that gold can be inflated...it can’t. When the dust settles from monetary crisis, it’s gold that other forms of money will be indexed against. Anyway, I’m out...this guy is bogus.
He said currency made from precious metals can be "inflated" by diluting the alloys or making the coins smaller, which is evident throughout their use I don't think he said the raw materials are subject to inflation
@@3DKLUB you asked the same question on a different post. Is that all you do? Go around asking people if they've done a dissertation? Just shutting regular people out of conversation?
These guys typically over simplify and commenter's cheer them on and say how enlightened they are. There 're just bs'ing and collecting big fees. They don't even use the correct averaging definitions, eg. arithmetic mean, harmonic mean, median, etc.
A closed end fund might have a nice discount but could the fees be a lot higher than some similar funds with less discount but smaller fees? In Australia I watch for this as fees quickly erode value.
I want to buy crypto but there are so many out there, and apparently there can be new and improved coins. It makes a difficult choice for me. I have more to learn.
Stick with Bitcoin. There may be some more potential (and reward) with new coins that bring new technology and services into the game, but they also tend to lose value and be discarded much more easily. Robinhood has been the easiest way for me to buy Bitcoin. Other brokerage exchanges only offer futures, which are super leveraged and risky. Crypto exchanges are fairly prone to scandal and new regulations (not super stable)
Forgive me, but over a long enough time frame doesn’t ETF rebalance and if few of the companies that are dragging everyone else with it fail, wouldn’t they be replaced by some others? Perhaps I’ve not understood something, but I’m trying to learn. Thanks!
Instead of PE, now it's "future PE"....justifying price based on future earnings is basically what Enron was doing (along with burying losses in shell companies)
That is the WORST argument against index indexing - the Spain argument. Wow, you get a 70% weighting of top ten multinationals in Spain. And earth to guest - you have all kinds of risks investing in 100% single stocks period! You don't have to "beat the market"; time and compounding do the work. Your certainly don't have to pay 2% and 20% if you index. How many advisors actual beat the overall market, particularly net of advisors fees, expenses and OH YEAH TAXES? Well, what is the percentage?
nicewknd I feel like google will destroy bitcoin. I think crypto currencies are just extremely risky. I’m not 100 percent very familiar with blockchain technology but I feel like it’s a pump and dump scheme.
I'm not sure I agree with his statement that people are vulnerable to Wall Street's "products"... it's the entire industry that's working to confuse them.
gotta give thumb up to this 3 video , this guy.. keep talk n talk n talk non stop , like frodo walk walk n walk non stop to mordor in the the lord of the ring trilogy
Trashing index investing & ETFs, and recommending Royce Small cap value fund instead??? The active fund charges 1.25% annually vs almost zero for index ETFs. How about performance? O.7% in total return for that Royce fund over the 2+ yr span. Compared to 13% return on the relevant benchmark Russell 2000. This guy talks so confidently and nonstop. The value of the talk is nonexistent. That’s the stuff RV puts out there after 2 yrs of the contents failing in its predictions. No words really.
you obviously haven't listened to the talk if you're comparing returns over a 2+ year span to an index on a relative basis whereas they are actually not comparable...
@@almor2445 Why must you be so insensitive Alex, Johnny can still hear you...Even though he hasn't spoken a word to anyone since around Feb 6, 2018, other than mumbling "hodl" every once in awhile. Well, the poor guy, he took his best trendy friends advice just before xmas on Dec 16, 2017, and put most of his life's savings in a usb digital hard wallet full of satoshis...800 million of them. After daydreaming about $100,000.00 - $1,000,000.00 per coin payouts the next few days, Johnny decided he would do some extra xmas shopping for his wife and two children when suddenly, he saw the $ amount falling on his new app! Troubled and not sure what to do, he rushed over to his trendy friends house only to find out he was off to Slovenia somewhere comforting someone about 70 million bucks from NiceHash or something. Panicking, he rushed home, got on his computer....Wait..Where's my USB drive!? Poor guy. What's my reasoning? I'm just not interested in "crypto" Mr. Morgan. (Truthfully, it's a trust issue)
Since these two were talking in June 2017 about poor equity returns going forward, US stock market up 27%. They must not feel any shame about this hugely wrong call, as they now make the worthless video available for free. You have “blood” in your hands. There are investors that think you guys are seasoned experts and believe in what you say. Will you apologize? No, never! Still calling for imminent recessions. Change your name. Not realvision. Twisted vision it is.
Ufuk Ince the purpose of these video was explain by the founder saying they are unbiased opinions, so it can be really wrong or right, it’s up to viewer to make their best judgements.
Get Real Vision Premium for only $1 for 3 Months here: rvtv.io/YTDollarPin
No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!
Absolutely fascinating interview about the complexity of EFT investing and the risks of holding fiat currencies in a world of orchestrated expansionary central banks. Thanks to both of you! Rick
So refreshing to hear a rational and sane perspective on Bitcoin!
He says you cant dilute the value of bitcoin but all I have to do is create a fork. My shitcoin might or might not get public traction but every time a new coin or fork comes out it devalues Bitcoin. If you are Bitcoin maximalist or not you cannot deny that Bitcoin Cash, Satoshi's Vision, gold or what ever other fork or new coin comes along it just proves it is all just belief in pixie dust and more likely to go zero than anything else. The only blockchain that will be worth anything will be the blockchain that proves you have ownership of something real.
WOW, if Steve has time, please do another one of these super long multi-part series. Listening to him is surely a pleasure.
Video is well over (2) years old. Market sentiment and Fed monetary policy has since changed. Mr. Bergman is ‘Alice’, while today’s equity and bond markets are ‘Wonderland’, and the Fed is the ‘Mad Hatter’.
You performed a valuable service. Thanks. I thought this was brand new advice, seeing date it was posted (until I heard John Boogle was still writing), Posters MUST be more open of date a video is made, ESP economic advice.
Did you ever write a dissertation? A master thesis? Guess not..
QFriend answer: Yes and yes.
@@corn_pop6082 Interview air date displayed throughout the interview in the top left corner. Unless you pay for the service, you will see mostly dated interview videos. That stated, Mr. Bregman's thoughts and observations beyond Bitcoin remain relevant today 11/11/19
I tuned out when he suggested gold can be diluted, but not bitcoins. Uh, gold is not being manufactured, it’s a near finite excepting as mining occurs, and most all of the world’s gold has been mined. Moreover, historically currencies as honest money were once pegged to gold because of these very facts of its rarity. Other than the chicanery in the paper markets that have banks selling metals to then short them only to force collateral calls to cover their short positions, all which results in temporary downward spikes, gold (I’ll add in silver) & tangible precious metals hold value...they ARE real money. Crypto currencies seek to emulate this. But the speaker here lost all credibility with his erroneous assertion that gold can be inflated...it can’t. When the dust settles from monetary crisis, it’s gold that other forms of money will be indexed against. Anyway, I’m out...this guy is bogus.
Asteroid mining is a potential eventuality.
He said currency made from precious metals can be "inflated" by diluting the alloys or making the coins smaller, which is evident throughout their use
I don't think he said the raw materials are subject to inflation
@@Erikpdx I'm just saying don't assume the supply is finite indefinitely!
@@mattsenkow6986 I think we have time to unwind our gold accumulation if that ever became a reality :)
Great series gents, thanks heaps.
Why are videos over 2 years old being posted? Is this still relevant?
Relevant because it shows how wrong this guy is
Because up to date interviews are behind the Real Vision pay wall.
Did you ever write a dissertation? A master thesis? Guess not..
It's extremely relevant, these ETFs could end up being the catalyst for the next crash. 2yrs isn't that long concerning big macroeconomic events.
@@3DKLUB you asked the same question on a different post. Is that all you do? Go around asking people if they've done a dissertation? Just shutting regular people out of conversation?
So far ETFs r doin great
These guys typically over simplify and commenter's cheer them on and say how enlightened they are. There 're just bs'ing and collecting big fees. They don't even use the correct averaging definitions, eg. arithmetic mean, harmonic mean, median, etc.
A closed end fund might have a nice discount but could the fees be a lot higher than some similar funds with less discount but smaller fees?
In Australia I watch for this as fees quickly erode value.
I want to buy crypto but there are so many out there, and apparently there can be new and improved coins. It makes a difficult choice for me. I have more to learn.
Stick with Bitcoin. There may be some more potential (and reward) with new coins that bring new technology and services into the game, but they also tend to lose value and be discarded much more easily.
Robinhood has been the easiest way for me to buy Bitcoin. Other brokerage exchanges only offer futures, which are super leveraged and risky. Crypto exchanges are fairly prone to scandal and new regulations (not super stable)
I have even less of an idea what to do now.
Forgive me, but over a long enough time frame doesn’t ETF rebalance and if few of the companies that are dragging everyone else with it fail, wouldn’t they be replaced by some others? Perhaps I’ve not understood something, but I’m trying to learn. Thanks!
Brilliant series, Thank you, so much for this. Steve is beyond awesome!!
Stocks and everything is not what it seems since every company is using Enron Arthur Andersen accounting frauds.
Instead of PE, now it's "future PE"....justifying price based on future earnings is basically what Enron was doing (along with burying losses in shell companies)
@@Erikpdx Ya, Mark to Model PE. Lol.
That is the WORST argument against index indexing - the Spain argument. Wow, you get a 70% weighting of top ten multinationals in Spain. And earth to guest - you have all kinds of risks investing in 100% single stocks period! You don't have to "beat the market"; time and compounding do the work. Your certainly don't have to pay 2% and 20% if you index. How many advisors actual beat the overall market, particularly net of advisors fees, expenses and OH YEAH TAXES? Well, what is the percentage?
You can buy bitcoin at gas stations now in the states... You can't spend it at that same gas station but you can buy it and sell it. lol
Ever wondered why?
You can spend it if you. Have a Bitcoin funded Visa card
Sure there can be only 21 million bitcoins, but they are infinitely divisible
hehehe thats the secret :)
QUANTUM COMPUTING ... the end of bitcoin as an asset class (think about it)
Jo Raan yeah I agree with that.
nicewknd I feel like google will destroy bitcoin. I think crypto currencies are just extremely risky. I’m not 100 percent very familiar with blockchain technology but I feel like it’s a pump and dump scheme.
Share This Video with everyone you know
Brilliant
I'm not sure I agree with his statement that people are vulnerable to Wall Street's "products"... it's the entire industry that's working to confuse them.
Why not not use acronyms to start your "educating." WAFJ
What’s the bitcoin ticker symbol?
LadyF71 Xrp....... jk
the ticker is BTC but definitely get a bunch of XRP as well
XBT is the correct answer
@@DigitalKlout Nope
@@thomyoutube3478 lol ok
I will stick to gold and silver as money having a history of weathering economic crisis.
gotta give thumb up to this 3 video , this guy.. keep talk n talk n talk non stop , like frodo walk walk n walk non stop to mordor in the the lord of the ring trilogy
how does one buy bitcoin safely? how does one store it safely? remember every chip has back doors.
@zizzy how do you prevent people from stealing them?
At 27:49, who is that? I couldn't catch it.
You guys are something else!
Trashing index investing & ETFs, and recommending Royce Small cap value fund instead??? The active fund charges 1.25% annually vs almost zero for index ETFs. How about performance? O.7% in total return for that Royce fund over the 2+ yr span. Compared to 13% return on the relevant benchmark Russell 2000. This guy talks so confidently and nonstop. The value of the talk is nonexistent. That’s the stuff RV puts out there after 2 yrs of the contents failing in its predictions. No words really.
you obviously haven't listened to the talk if you're comparing returns over a 2+ year span to an index on a relative basis whereas they are actually not comparable...
this is the first time I here a well thought out process for bitcoin... most of the bitcoin heads are like vegans
The NAV of bitcoin has to be a negative number. This guy has the religious lobe overriding his brain.
This is an example of a guy who wouldn't own the SPY ETF because he knew it was a bubble, who then owned BTC which is 1000 times the bubble the SPY is
The bitcoin bubble hasn't even begun
Do you even comprehend what you are comparing?
@@cyberblock7619 it's the best performing asset class ever, that alone suggests it is a bubble
Japan's market was propped up by government loans that they never expect repaid just like China does.
Yeah. Blame it on ETFs. Nothing to do with Deutsche Bank. Nothing to see there.
Why is Real Vision posting videos of things that occurred over 2 years ago? This is ridiculous. We want interviews that are up-to-date.
Airing another ancient video made me unsubscribe..
Allan Ø.N. Truuuuuuu
Did you ever write a dissertation? A master thesis? Guess not..
I can't do this channel anymore, 2 year old interview? Who cares?
Grant should have asked him to stay at the ETF topic.
No, his crypto opinion shows how wrong he is
Batman such a waste of full 5 minutes praising the ponzi scheme.
As soon as I hear "bitcoin", I'm out.
How come? Do you prefer Libra?
@@3DKLUB I'm not interested in "crypto". I might buy some Tulips though. Libra....lol.
Why? Best performing asset over the last 10 years. What's your reasoning?
@@almor2445 Why must you be so insensitive Alex, Johnny can still hear you...Even though he hasn't spoken a word to anyone since around Feb 6, 2018, other than mumbling "hodl" every once in awhile. Well, the poor guy, he took his best trendy friends advice just before xmas on Dec 16, 2017, and put most of his life's savings in a usb digital hard wallet full of satoshis...800 million of them.
After daydreaming about $100,000.00 - $1,000,000.00 per coin payouts the next few days, Johnny decided he would do some extra xmas shopping for his wife and two children when suddenly, he saw the $ amount falling on his new app! Troubled and not sure what to do, he rushed over to his trendy friends house only to find out he was off to Slovenia somewhere comforting someone about 70 million bucks from NiceHash or something. Panicking, he rushed home, got on his computer....Wait..Where's my USB drive!? Poor guy.
What's my reasoning? I'm just not interested in "crypto" Mr. Morgan. (Truthfully, it's a trust issue)
Your loss. It's just another option of a diversified portfolio
Since these two were talking in June 2017 about poor equity returns going forward, US stock market up 27%. They must not feel any shame about this hugely wrong call, as they now make the worthless video available for free. You have “blood” in your hands. There are investors that think you guys are seasoned experts and believe in what you say. Will you apologize? No, never! Still calling for imminent recessions. Change your name. Not realvision. Twisted vision it is.
Ufuk Ince the purpose of these video was explain by the founder saying they are unbiased opinions, so it can be really wrong or right, it’s up to viewer to make their best judgements.
XRP