Sam Hyde Explains The VALUE And SIGNIFICANCE Of Bitcoin
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- Опубліковано 4 тра 2024
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Wish i would've bought bitcoin instead of being in 5th grade
lame ahhhh nxgga
Jokes aside, if you ate 4 instead of 6 chicken nuggies & saved that lunch money for Bitcoin, you’d almost be a billionaire.
That’s probably not even going to be an exaggeration…
Buy it now. It's going to keep going up FOREVER. And you wouldn't have bought it in 5th grade if you could, because you STILL don't understand that you should buy it today as an adult.
I tried buying like 5 bitcoin when it was $90 so I could buy mushrooms on the Silk Road but I was too dumb to figure it out. I’ve thought about that a lot throughout the years
@@jpberg12i remember my friend was going to buy some in 2014 and we were just broke teenagers. And the only reason he never did was because his mom would’t give him the $20 or whatever the heck he asked for. I think about that
Reminder: don’t take too much life advice from Sam.
Be Nick. Have multiple skills. Have wife. Have kids. Have house. Be happy.
He's right about BTC though. Real Gold and Silver too. Anything that actually holds value.
Nick's from a different generation and the doors on that generation are closed. Nick is successful because he has money to throw around and knows how to sell. Sam is correct that BTC is extremely important. I think the most important thing to know is basically that you don't swing-trade or mess around, treat it like a 4 year (at least) bond, do not try to flip or "read lines." BTC is the "$2 million in index stocks" money place for the younger generation, because the boomer stock market is clearly not going to be around much longer.
@@shouygui4955 go date an Asian girl for a bit and clear your head man. You’re screaming into the void
Nick is a completely burned out rageoholic. I love the dude, but the more I listen to him, the more he seems miserable.
@@shouygui4955you believe the stock market will not be around much longer? That's crazy.
It's either: crypto is here to stay or a solar flare wipes us back to gold, shields and swords with ruling kings and queens
I agree with this. I lean toward something taking us down a few rungs and computers become legacy tech ever more in the hands of the "elite". The manufacturing of computers is so hyper specialized that I imagine a dark age type scenario where in some supply chain shenanigans means a period of time where new computers are not able to be produced except in techno enclaves surrounded by more agrarian standards. I dont want to be right but it's what I feel in my heart. Maybe this is what being demoralized it truly like. Idk man, I'm just drinking.
Why would a solar flare wipe out bitcoin when we all have private keys written down on paper or carved in metal wallets etc? All we need is a small percentage of original btc people to restart the network with a few of their private keys that will still work, the network can always be brought back, people have the entire btc network downloaded on their terabyte hard drives bruh
Just buy both fuck buying a house 🤷🏽♂️
Lol if the earth is round, a solar flare wouldn't do shit to bitcoin
good luck, solar flare
LMAO Nick is killing it with impressions, Saylor was spot on
Why does crypto tank every time something happens in the world. Almost like its all a speculative risk asset
It is, unless what Sam's talking about happens, and suddenly it's a gamble that paid off massively. This is not financial advice.
A speculative asset that has a higher market cap than silver. Pretty wild.
It crashed over 50% 8 times and came back stronger every single time. Do you realize that IQ is measured by ability to recognize patterns? If you STILL can't see a very obvious repeating pattern in the BTC chart, it's because you clearly lack the mental capacity
@@bobmalooga335 Yea, the pattern at a casino that I saw my friend utilize is to lose few dollars betting $50 and then he got a giant $10 million payout! Anecdotal evidence is flawless evidence because of being "high IQ"! Sounds good my fellow high IQ friend!
Bitcoin gamble shills are fucking hopeless, transparent and degenerate.
Find Jesus Christ before it's too late.
@@bobmalooga335 don't bother, everyone will pay for bitcoin at the price they deserve to pay, let them trust their fiat scam
So this is the hard truth about bitcoin. Everyone here has already missed the huge overnight gains from bitcoin. The people who made 1 mill from 10 cents and shit like that has come and gone. Now the bet is if it is stable. When you buy bitcoin now, the bet is that one day when everything crashes/inflation goes insane, your bitcoin will be the exact same price it was when you bought it. An investment type like this or precious metals isn’t good to sink all your money into because ur not making money at all, it is just a safety net. Bitcoin or precious metals is a tough call because bitcoin is still a little bit of an unknown, like in 20 years the US gov could put out laws that really mess up bitcoin (like outlawing mining or taxing conversions to USD to absurd degrees) while precious metals have stood the test of time. So basically risky with chance of getting some extra money or just stable with no chance of getting a quick buck off it.
asteroid mining? could have huge impact on metal prices
there is still space for btc to grow there is still an easy 5x potential if you want to risk it imo
Yes people have missed the enormous explosion, now it will double/triple over next couple years...still vastly higher returns than saving/investing funds etc
@@wsk5846 always way riskier imo
the goal is to transact in bitcoin, not convert to dollar. how old will you be in twenty years, how much will a dollar today and how does that compare to bitcoin today versus bitcoin tomorrow?
@@allyspawn7910 not enough white people left to mine asteroids, that's a heavy heeaavy industry
If anyone is wondering where these macroeconomic concepts come from, it is from the 'The Bitcoin Standard' by Saifedean Ammous, it is a great read and you become alot more aware of how global economics works.
I've come back to this multiple times just to hear that Saylor impression.
I’m with Charles on this one, should I bank on the mark of the beast or bitcoin?
Silver coins and a 3d printer are more fun than owning bitcoin but it feels bad when you realize you could have bought more silver and better 3d printers if you would have kept the bitcoin but when does the madness of never spending it end? Im sick of hodling
hodling is a hard full time job
This should be mandatory watching for owning Bitcoin.
2015 I was like damn wish I bought bitcoin. 2020 I was like damn wish I bought bitcoin. 2024 I'm like damn wish I bought bitcoin.
2025 I’m like Oppa Gangnam Style
dont listen to sam here, the money was already made, bitcoin has already gone from nothing to 60k. Buy physical commodities.
his bitcoin plan also doesn't account for the flaws in the technical implementation. Stuff like gold is a pure element, non fungible by god. All it takes is some hacker, 50% attack, wallet brute force, etc and your shit is gone forever. I will continue to have stuff in the real world while you convert your money into digital numbers.
yeah keep deleting my comments, pussy
Actually bitcoin is the best at transaction FINALITY. All the coins that can do it faster actually require that you wait more blocks for confirmation. Bitcoin is the fastest.
The fastest is an old British lady whipping our £5 when a local drug addict has stole 2lb of bacon and is trying to sell it in the pub. Someone I knew saw this first hand as the fastest known transaction ever.
The way things are going, and the actual rate of inflation, make me want to buy real, physical shit with value. Land, businesses, equipment, materials, etc., seem like way more attractive value-storing assets than something that requires all of civilization to be functioning at 100% to even exist
this. crypto is a scheme to keep people from buying REAL assets
I agree. Crypto feel like speculative wank with how many shitcoins can spin up with no real work. The blood and toil of a human being has value beyond speculation and paper pushing or so I want to believe. The more the term 'competency crisis' is relevant the more I feel that it can all evaporate into a dark age scenario.
@@kobold7466 lol "real assets" are being eaten by inflation and can be heavily controlled by the government at any given time, anyone who managed to leave ukraine and had bitcoin is living a sweet life anywhere they want
@@heemro4356 i could make money selling imaginary friends if people payed for it too. Bitcoin only has value because companies accept it for goods. what happens when they stop accepting it or governments demand they not accept it?
That's ACTUALLY the smartest way
earlier i was wiping my unspeakable region after having dealt my toilet quite a blow, and to my dismay the lavatory tissue failed, my finger sorrowfully entered my intestine exit and i was in great pain due to my unkempt nail. overall, not a great time.
Hark! Hark!
Shouldn't have invested in paper
My favourite comment of recent days.
Thank you for sharing. This is how i felt listening to Sam stammer on about $hitcoin
10:05 the impression on point hahaha
there is no second best
Nick did the most amazing michael saylor impression lmao
Should've gone all in on gold circa 5000 BC, it's over
Bitcoin has been out for 10 years and I still can’t buy a loaf of bread or a pack of gum with it at my local convenience store. The smart investor doesn’t get involved with fake money. “Stay poor” Is all they have at this point. Sell now before the curtain drops
I have literally bought weapons and ammo with it though
Move to el salvador
@@toobie4292 no thanks
Yes yes fringe fanatics using it. You can also buy and sell humans with drugs or guns/ammo or vice versa @@1111Tactical
Sam's being passionate about the issue he really cares about and it is MONEY.
Samuel Hydestein
He got so excited you could sense his composure waning
I don't understand. You can create a thousand bitcoin clones, or one with less "coins". Where is the actual scarcity?
It’s all these nerds trying to turn Bitcoin into something it’s not, totally different from what the original white papers intent. They try to spin it off into Derivatives and BTC cash etc. It’s so stupid it’s literally turning into our monetary system clone. It’s not decentralized at all
you can clone bitcoin but nobody will use it. like Sam mentioned bitcoin has value because people use it; network effect. there are copies (or forks) of bitcoin already but nobody cares about them except maybe litecoin which pitches itself as silver to bitcoins gold. whatever you do make sure to move coins to your own wallets.
people can mint their own metal coins, too. The scarcity comes from the agreement what the real deal is.
@@vornamenachname594 besides the last 50 or so years, the value of money came from the metal scarcity and not the coinage. There is an enormous difference in scarcity when it comes to gold and an electric piece of code
Whats his plan when they just take it away in 20-30 years? There's no security in anything. Who knows if the earth is still habitable in 50 years or if it turns into Fallout 5
Shitass take
dude sam is like 40 do you think he cares what happens in 30 years? and neither should you
sell high buy low and repeat
@elimbag5372yea ofc the dollar is gonna be obsolete but so are all the fuckin bitcoin geeks.Whats to stop something like BRICS from coming in and fuckin you in the ass on top of the fact that the dollar is now obsolete
@elimbag5372 they could make mining illegal and what about a 51% attack
They would have to take away the internet. This is why Sam said you sound like an idiot. It's not because you're wrong. It's becuase you don't seem to understand the system is managed by itself, and transparent, and available for audit at anytime. Sure it can be manipulated by you'll have a receipt for every single event. Ad in that case it will crumble and a similar system will take its place. Even if you think this iteration will fail, the idea of an economic system wrapped in complete transparency whose infrastructure is decentralized amongst its users is what created trillions in market cap. So that idea is not going anywhere.
Erm...1 btc = about 65k right now...should've got it in 2009 when I was in elementary school...gonna be a wagie slave for life
Should've gone all in on gold circa 5000 BC, it's over
Just buy fractional BTC called satoshis then if you really want to
If Bitcoin sounds too good to be true, try talking to literally any outsider about it and you will see how uninterested the general public is, ("Its just numbers on a screen", "its a bubble", etc.) and therefore how much potential there is for YOU to get in still very relatively early, before everyone is forced to buy a McBitcoin Buger from McDonalds using their Apple Bitphone.
It's VERY similar to the pyramid schemes of the 70s and 80s but with extra perks like bitcoin ATMs I see popping up here and there. I think other coins will die but bitcoin will linger on going up on during every recession to fall like crap again. Give it 20 years and it'll probably be never heard of again. Like ALL these coins, JUST LIKE the pyramid schemes, you done well if you got in early. Otherwise you're the sucker. I heard of people paying half a house off with bitcoin, but there's very few because these people got in REAL early. Basically it's not backed by anything besides the amount of people willing to give it value. You can say regular fiat currency is the same, but it's backed by the trade of an entire nations, sometimes MANY nations like the euro and US dollar, regulated enough to avoid people like SBF, and MOST importantly, backed by FORCE OF ARMS, like IRS raids and the US military.
Nobody is interested in it because they know it’s a con and it has no value
To really appreciate bitcoin you have to understand the tech but also the need. The need is driven by our Griftopia economy and reckless spending- normies are just waking up to this.
This is like having bitcoin explained by an 18 year old high school running back
I’ve never met an 18yr old who was half this literate about crypto
A couple interesting facts about the $100 bill. 60% of this bill resides outside the U.S., and a large part of Swiss pop. in Swissyland pay all their bills including mortgages with Cash.
That cash being swiss francs coz they never adopted the euro and broke the peg with it.
Sam sound like the guy who's trying to get you to invest in myspace.
It's a good idea.
shitcoins are dumb
but you should for sure buy Sam's nfts.
the bots in the comments are hilarious
Mine Pi 🕵️♀️
That orange pill feels so good
“Bro it’s a good thing the creator of bitcoin is anonymous” lmao these guys are so naive.
You must be a no coiner. Have fun staying poor
@@gwills9337 this is a completely different point than what he is making. Not that the creator of Bitcoin even is anonymous lol
do you drive a gt3rs?
Every time Sam talks about crypto he gets every bot crypto mentor in existence to congregate in his comments section.
I say this as a quarterblooded brazilian gorilion tribemember, please at least add some smallhat commentary, even if just by adding it in the edit.
It seems to keep the cryptobots away. These comments are just bot chaos.
Ethereum has more upside potentially but for.now BTC is King
Last place I'd get my financial advise from is the UA-cam comment section lmAo
but you will get it from your Internet daddy that doesn't know or care you exist? Ok pal you clearly have life's nuanced answers all figured out
@@DoesNotInhale lol nope. I don't bother investing entirely.
@@phoreign64 good plan. Risk nothing, stay poor
@@johnnycutterr easy there Trump jr 🤣
@johnnycutterr perhaps the "richest" man is the man who does not obsess over money.
I'm not gonna miss this. I'm not gonna miss this. I'm not gonna miss this.
I missed out in 2021, I had only a couple thousand in savings and buying 400$ of bitcoin had me shaking like I was trading millions. Bought 35 000 $ worth of USDT through cash at some shady exchange in a third world country a couple of weeks ago and I'm finally DCAing in boys. And that's my play money only. Fighting the urge to drop the other 75 000$ and just go all in.
Do it, YOLO
But don't sell when it craters
The problem is when Bitcoin becomes a thing everyone uses most Bitcoin will tank because all the other countries will have their own currency which will be the standard.
Funny that Sam thinks Bitcoin is a sound investment and AI is all hype. 🤔
classic horse in the race mentality
Sam is proof that someone can have a decent IQ and still not have much logic or common sense
It’s so confusing.Hes never NOT trolling and for sum reason bitcoin is the only thing he’s passionate about😂😂
The technology for bitcoin exists, it does not need to develop...AI technology exists but requires massive development to meet the hype
@@zel4365 bitcoin reminds me of the pentecostal churches I was raised in. Back in the late 80s and early 90s you had sweaty preachers in churches swearing the world was ending soon and if you don't pay tithes and get saved now you will burn in hell for eternity! Haha Ironically people swear that same bullshit today. It's fear porn is all it is. Nothing is crashing and as I said evennif it does digital money is the very last thing you would want to invest in. If anything the only thing I forsee crumbling in the near future is the internet. Or maybe that's just wishful thinking? Haha
Lol Bitcoin when you sell it or buy it too many fees
If he had done it when this was filmed he would have doubled
Michael Saylor
Bitcoin captures all the speculation as well so I think it will always have wild swings where as gold will continue it's slow growth.
Gold is unchanging. It is the denominator that is decaying
This is STUPID. The FED will ban BTC etc. if it ever gets real value.
Yes true but they will still let approve people hold it in a fed certified coinbase account where taxes are auto deducted and shit. They'll let you pay 1000 dollars a year for a special btc trader license and let you make like 25 trades a year for free lol of course many will just use a DEX etc, but they'll treat you like a darkness drug dealer and send the ATF at your house for trading monero for nfts
That's worked out great for China. They outright banned BTC 3 years ago and now they are soft-unbanning it by approving Spot ETFs in Hong Kong because they realized banning Bitcoin is futile and they don't want to get left behind.
If the US government wants to effectively ban Bitcoin they would have to shut down the Internet.
Gold is a terrible investment but bitcoin is worse. It's a decentralized public excel spreadsheet.
What's a good investment then?
@@theoozmachinea share of ownership in a profitable business
Read about what Proof of Work is and realize you are wrong.
@@WindyWalk Read about what Greater Fool Theory is and realize you are wrong
God damn Sam stop trying to be a cultural intellectual and tell some JOKES
He is left brain slave. ;)
He has been doing both for 12 years now. It's not like it's a new thing.
@@mitchell10394 nah hes only been doing this shit semi recently he used to be just funny
@@kobold7466 Are you serious bro? He started doing HydeWars like 10 years ago. I've been following MDE for 13 years now.
@@mitchell10394 he hasn't been lecturing people on bullshit besides recently tho.
putting crypto in the title finds the spam lords
Best crypto (in my opinion)
Bitcoin
Bitcoin Cash
Litecoin
garbage. No monero? cattle
Gold lost it's appeal with paper money? C'mon man....
He didnt say that. Obviously gold has appeal but it ia easier to buy bread with notes/coins than gold nuggets
Sam was actually right about something again? Wow, it's been a long time.
"They" want XRP.
The backend is saying XRP.
Lmao
xrp is for banks (they said this), why does a bank want a decentralized ledger?
it doesn't, most of you don't have a clue how money and accounting works
XRP is already as valuable as its ever gonna be. If it was used by banks it wouldn't make it any more valuable. It's got bad tokenomics where the owners have too much and can dump an infinite amount on the market and its a recipe for disaster. You're stuck with just bitcoin and maybe some other altcoins
@cleanjimmy banks don't want xrp its just a scam. Banks are using usdc /usdt which are the CBDC
@@cleanjimmy Why would any bank ever want to hold a public traded shitcoin for any length of time just to transact in cross border payments? There are so many other ways. Plus, it’s not XRP that has deals with banks, it’s Ripple. So the banks would be using Ripple Net, on which they can mint any token of their choice. There is no reason to ever use XRP. Its only use is for dumping on retail, and using those profits to pay banks for “partnerships” which are good publicity for xrp/ripple. This way, more suckers buy XRP which can then be dumped again to fund Ripple the company.
Wasn't bitcoin invented by the nsa?
It was invented by an Australian POSING as a Japanese guy. It became apparent when he tried to buy a boat load of gold bars and the rights to software that runs cell phone towers for what seemed at the time to be over 40% of all bitcoin mined at the time. This is like 15 years ago. It was like AU$40 million back then.
TRUMP SAYS YES TO BITCOIN
aristotle talks about how the value of money is determined by law i.e. the state. this has been the case throughout all of history and no pseudo intellectual babble will change that.
the value of money is determined by the people that use it
@@kobold7466 The powers that be will always have the control once they determine it's important enough. The plebs just use what is made available for them.
Thankfully you, a True Intellectual, will never be fooled by the Bitcoin scam.
@@anymoose if people want to gamble I dont care just dont act like its a new paradigm
I find this hard to believe since Fiat currency wasn't invented until after 1000 AD and Aristotle died 322 BC. Which of his writings did you take this from?
everyone always says buy bitcoin but they dont tell you how. am i supposed to go to coinbase? that is owned by the feds lmao
Cant tell if trolling or just incredibly retarded... ever heard of google my guy?
Google much?
Private investment bureaus other than Robinhood cuz they are shit. Either that or just get to mining lol, but I hope you own a warehouse full of very good processors
Long: Btc
Amp
Algorand
polygon
solana
avax
chainlink
celestia
eth
cardano
bought polygon at 2, still holding strong at 0,6 ✊
@@JS-jb3yu buy the top, sell the bottom
All of those are worthless except btc and maybe eth
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Kathy Lynne Colby
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Anyone who bought bitcoin and kept it for the last decade only wish they bought more, anyone who doesn't have bitcoin just complains about it.
No need to say anything else
@@notillatall Nobody rich from bitcoin got lucky.
Everyone knew it was something when it got to one thousand American dollars. And right now it's $64,000 for one coin.
If you buy right now and it goes to $250,000, $500,000, or $1,000,000, you didn't get lucky. You bet on a sure thing.
"You got lucky." is what wage slaves say when they think the only way to make money is to earn $20 an hour working for some other guy and if you want more money you work overtime.
Sam, you need to realize one really important thing, you can slice bitcoin all you want, and come up with any analogy, or even write a 300 page book on bitcoin is here to stay its the future, whatever
The price of bitcoin can go to 100$ and everything you just told about bitcoin continues to be true. Price != Value(world value). What price trades bitcoin has 0, zero, absolute nohting to do with you all views on bitcoin.
Its all crap
Blackpilled LOSER
Have fun being right and broke
Buy signal Right here
Total Mom Torture
USDC exist so a digital dollar already exist. BTC is digital gold. Ethereum and Solana are for spending, utility, and finance
thumbs up if you once had 40 bitcoin back when it was 1 dollar for 1 bitcoin
please sir help i lost all my money in crypto please sir i am indian please help
We already communicate on the internet Bitcoin brings truth to sharing that information with one another
Very dumb explanation of the greater fool theory
Last
"Man with a bunch of Dutch Tulips, inherently worthless without speculative FOMO, tells ppl to buy them to keep his investment profitable"
Yes, Sam Hyde fans investing in BTC will prevent the collapse of its trillion dollar market cap. That must be Sam's motivation behind this. You are very smart.
That's horrible advice
I respect your work mate. TA is good but I find it truly baffling that all major crypto youtubers just look at pure T.A and completely Ignore the bigger narrative of why BTC Is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market.. I have made over 8btc from day trading with Harris Thompson, insights and signals in less than two weeks, this is one of the Best medium to backup your assets incase it goes bearish
I pray on the downfall of bitcoin cuz I put in 400 dollars and literally watched it all diminish in like 2 weeks.Not only was taking my money back out of my wallet a fucking nightmare but it was bringing me in literally 0 fucking profit.I hate the fact that I don’t understand crypto in the way Sam does cuz he’s Big God it sounds like he’s making thousands off it.
so you pray it fails because you are retardeed? nice, btc isnt something you spent money on that you need in 2 weeks, you have to get out when the price is right and not when you need food
It’s just a game of chicken you gotta pull before the other does but the longer you stay with the others the more people join and the bigger the profit. That’s it. That’s why influceners promote it you pump it they dump it.
@@allyspawn7910I put in 400 dollars and from the minute I bought in it began to diminish immediately.When it would go up it would go up 3 cents and it had already diminished to the point where I was already more than 10 dollars of profit loss.Care to explain to me exactly where I messed my timing up?😂😂Im not seein that point your talking about “ you have to get out when the price is right”🤦🏽♂️Like fam the price was never right to begin with let alone as soon as I bought in,but hey I guess I’m just a retard for not droppin another 400 dollars into a project with 0 success,outside of scammers.😂
Start investing and stop trading where you expect to pull the money out in 2 weeks
@@kekistanimememan170When’s a good time to pull tho!? If you take a 10 dollar profit loss and it goes back up 3 cents am i supposed to just eat the 9 dollars that i lost😂?Shits a fuckin pyramid scheme I hate hearing how sure Sam is about this being the future😂like bro we’re all boutta get nuked and turned into trannys btc is not finna blow💀💀
Sam only recommends BTC because he's too old to truely understand index funds like SPY.
the only one u should be taking advice from is Nick
Bitcoin is traceable, Monero isn't. You have no privacy if you have a lot of bitcoin
How many Monero exist?
@@trel9388 5
monero is dumping bad though
XMR only non-btc with a use case. Don't count it out!
It’s all gay bro