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Why do we need to pay $ to buy a bitcoin. It's a foolish thing to buy a currency with a currency.If crypto is a currency then give it directly towards labour instead of $. Crypto currency is abbig dam scam . Any Government will not accept it.
@@haildahigh I dont sleep on anything. Im aware hes a sellout. Theyre all sellouts. They will remain sellouts until america becomes a dictatorship. America will eventually fall if it does not become a dictatorship. Ignorance should not have power and it will never remain in power. Ever.
Stopped after 1min when he stated it’s decentralized and that’s why it’s great……I am 100% certain EVERYONE wants to know where their money went and retrieve their funds if scammed/wrong info/incorrect transaction etc…so if there’s no middle man that would mean YOU ARE RESPONSIBLE FOR THAT TRANSACTION - so don’t expect any laws to help you.
Okay, so how does it work? It value seams to still be based on speculation and not as a working currency. Is there a community that uses bitcoin to make and trade purchases?
Can someone please explain to me what value is there in something which doesn't exist? Moreover, what "value" is anyone trading when exchanging with Bitcoin?
A shiny metal called gold has a lot of value. It’s just a shiny metal. You can’t eat it. U can’t use it to make tools. U can’t drink it. So why does it have value ? Same reason. Humans are stupid.
@@InitialMatemu Money or more specifically Currency is a Guarenteed promise to pay which is then covered by insurance. Crypto Currency is not Guarenteed by anyone and is not covered by any insurance company
My husband and I are baby boomers and we love Bitcoin! We educate ourselves and are very enthusiastic!! We try to educate family and friends and most of them think we are crazy! We don't force it because we can only do so much. We want to leave something for our children!
92.7% of all BitCoin now held...is held by those with 1.0 or more BTC. THIS FACT is really scary for those who own none. ..if speculation by billionaires, multi-millionaires is correct.
Bitcoin is NOT money. Money needs to do 3 things to be money: It must be useable as a medium of exchange, it must be useable as a unit of account and it must be useable as a store of value. Bitcoin, and all other cryptos as well, isn´t useable in any of those 3 characteristics. Cryptos are not a unit of exchange as next to no one is accepting payments in crypto., Crypto isn´t used as unit of account and most importantly crypto is so extremely volatile, it can´t be used as a store of value. Crypto is gambling at best.
I can’t wait to look back here in a couple years and just laugh at your ignorance. Let’s come back 2025 and we shall see. Comments have been screenshotted.
In 2021 when it was super hyped up it was taking 3 days for a transaction to process. If people started using it in mass for transactions it may take 3 months for a transaction. And don’t say lightening because no one uses it.
No he described Ethereum as an operating system kinda like iOS,Windows or Android and there are many others that can be built on that system like apps.@@ZidaneSteiner
It’s a good explanation of Bitcoins value as an alternative currency. It’s not an explanation of Bitcoins logic as an investment. I’ve yet to hear a coherent explanation of why you should invest in bitcoin as a means of capital appreciation that isn’t based in pure speculation equal to gambling not investing.
They say you should learn something every day, today it's about crypto currency. But as an older investor I'll stick to properly and stocks, but I can see change ahead for my daughter.
You don’t need a bank account, and BTC wallets are free….You pay fees when you transact…BTC is too expensive to transact in, and too slow in Transactions Per Second
@@OGcryptonite You STILL NEED a Bank account mate. How else are you going to buy your BTC. You can only buy BTC with FIAT fake money to start off. Once you have your BTC in your FREE wallet. You can transact. But as you said it's too expensive.
No you do not need a bank account especially in underdeveloped countries in Africa, Asia and South America. You only need a bank account to turn crypto into Fiat if you choose to which will be much more common in Europe/US where their fiat currency still has value and governments are not a dictatorship
It's confusing we call it crypto"currency" but then call Bitcoin as asset or property. So when I buy part of a "bitcoin" I'm actually buying part of the bitcoin blockchain network infrstructure?
Amazing video for anyone willing to actually listen. People shunned credit cards when they came out, especially in small transactions such as at McDonalds. It’s here to stay & will only grow.
Credit cards are financial crack cocaine. They allow people to spend money they don't have for stuff they don't need, and, get into and stay in debt for their entire lives.
I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be universal currency
However, working with a qualified financial advisor can help you make informed investment decisions and increase your chances of achieving your financial goals.
So, if I buy crypto currency early on, and others don't, then I win and others are not so fortunate? Now I get it. BTW, didn't North Korea recently steal a bunch of crypto currency?
He has missed, possibly deliberately, that bitcoin is NOT money or currency. By definition a fiat currency has value because it is issued by a sovreign nation and you can pay taxes to that nation in that currency directly. Until that happens bitcoin is monopoly money
NON INTRINSIC VALUE. like gold or any other speculative item (including NFTs). Bitcoin is really a distributed databse object...that is, its an encrypted set of pointers and ledgers that record transaction and does so without know who OWNS the ledger and who has entries in the ledger.
OK, I send money via bitcoin to someone and he says he did not receive it. Who do I call to figure out? That's why I will never use bitcoin or similar system ever.
Do not let your hard earned money into Crypto black hole. Buy something that no one can secretly manipulate. Buy Gold, real estate, etc. that you control and it holds its value despite relentless money printing.
Excellent analysis, I am from Canada and I must say that you inspire me because I started investing in cryptocurrencies and trading as a scared investor who does not want to lose money. I was thinking about buying $Step on Solana as it gets more popular day by day. However, I’m not sure. Could you tell me what u think about them in ur further videos, pls?
Your proposing wealth freedom. Politicians rely on corporate funding. Bitcoin will be regulated such that you are no better off using it. Further, politicians will legislate intermediaries. Corporations won’t lose.
Bitcoin is bullshit. Tell me what happens when blockrewaed cannot pay electric bills and transaction fee alone won't pay electric bills. This is at risk
But they say Step Finance is a game changer analytics and portfolio management tool for Solana. If so, could you make a detailed vid on how it works. It might be just what I need!
**Not Useless:** Bitcoin serves as a decentralized currency, store of value, and payment system, used globally for transactions, remittances, and as an investment asset. Its blockchain technology underpins innovations in finance and security. **Not a Ponzi Scheme:** Unlike Ponzi schemes, Bitcoin has no central authority promising returns. Its value comes from market demand, limited supply (capped at 21 million), and utility, not solely from new investments. **Doesn't Meet Electricity:** Bitcoin transactions can be signed offline with hardware wallets, broadcast later when power is available. Alternatives like satellite broadcasting and local network transactions exist for power outages, although regular use requires electricity for internet connectivity.
So no Internet no bit coin , No one can answer me this , why sell bit coin for fiat currancy ???? . You all kept telling us fiat is worthless so why take it in exchange for bit coin ?????? Come you geniuses
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What even is a deposit bonus
@@iloveeverything4380Perfect for drug dealers.
@@iloveeverything4380 It's a rebate for you.
Hello @@iloveeverything4380
I don't think this video really explains what Bitcoin is, but, rather, it explains why it's important.
Again, great reporting guys!! You show what needs to be shown. I've been watching you for about a year now and have learned so much. Keep going!
Fake money. Wow.
@@tinydanceryoutube like your dollar is worth anything. lol
0:29 I love how se stared at them and firmly stated "public"
And not having one point of failure!
I sent my dad this and he beat my ass
Well, did he beat it?
Well, did he beat it?
Why do we need to pay $ to buy a bitcoin. It's a foolish thing to buy a currency with a currency.If crypto is a currency then give it directly towards labour instead of $. Crypto currency is abbig dam scam . Any Government will not accept it.
Grow up
Send it to him again
It is good that you uploaded these two videos about Bitcoin. It helps us to remind ourselves why we are here in this Space. 100 stars and thumbs up!
Btc is not Bitcoin tho.
@@alfredom877very wrong my friend
Commonwealth : Mr. Powell what's BTC?
Mr..Powell: It's our worse nightmare.
🥴
Yea. Not on Trumps watch. 😎
@@AddTomatoestrumps watch… he’s sold as well… just have a different view. Don’t sleep on anything.
@@haildahigh I dont sleep on anything. Im aware hes a sellout. Theyre all sellouts. They will remain sellouts until america becomes a dictatorship. America will eventually fall if it does not become a dictatorship. Ignorance should not have power and it will never remain in power. Ever.
Don’t believe a darn thing he says!! He is a liar chosen one!!!!
Learned about Bitcoin in 2018. Man I wish I put every penny I had in it
Same here
Changed my life forever since 2016
@@Thomaskralowhelpdeski only invest in eth and solana more profit.. what you think ?
Who cares buy now it's early
Don’t we all..
You gotta love the look on Mr. Crapo , very appropriate name. 😂😂.
Mr Crapo, is your God
And you also need real money. And strangers now manage your money, and you have no guarantees of not losing it.
Crypto is FREEDOM. Believe it and support it.
Stopped after 1min when he stated it’s decentralized and that’s why it’s great……I am 100% certain EVERYONE wants to know where their money went and retrieve their funds if scammed/wrong info/incorrect transaction etc…so if there’s no middle man that would mean YOU ARE RESPONSIBLE FOR THAT TRANSACTION - so don’t expect any laws to help you.
Super Video. Sehr interessante Interview Partnerin. Danke.
I still don't understand what it is
Electric money
Magic Internet money
Okay, so how does it work? It value seams to still be based on speculation and not as a working currency. Is there a community that uses bitcoin to make and trade purchases?
Sometimes and sometimes it is taken away. For example Tesla and other automobile companies. It is not stable yet
Yes there are communities as wel as countries that run on Bitcoin
Any Examples?
@@Tslayer1966yes, El Salvador
@@Tslayer1966el Salvador
Can someone please explain to me what value is there in something which doesn't exist? Moreover, what "value" is anyone trading when exchanging with Bitcoin?
A shiny metal called gold has a lot of value. It’s just a shiny metal. You can’t eat it. U can’t use it to make tools. U can’t drink it. So why does it have value ?
Same reason. Humans are stupid.
Also, it confuses me that it's been traded like a commodity. Buy low sell high
Money is not Realllll
@@InitialMatemu Money or more specifically Currency is a Guarenteed promise to pay which is then covered by insurance. Crypto Currency is not Guarenteed by anyone and is not covered by any insurance company
@@InitialMatemubut it's tangible and legal tender, even if it keeps losing value
My husband and I are baby boomers and we love Bitcoin! We educate ourselves and are very enthusiastic!! We try to educate family and friends and most of them think we are crazy! We don't force it because we can only do so much. We want to leave something for our children!
@@Gomes.Mèlissa9 where are you from
Oh, I feel sorry for your children.
How do you determine value??
Free market will determine that
Why do we have to pay tax for using BTC? If it is a currency or money, we should not pay tax.
You pay taxes for profits you make from any increase in value. Same with houses, same with gold.
@@TurreTuntematon BTW Trump will banned crypto taxes. It's just a money grab by big govt wanting their cut. Gansta Govt.
Which is bs
@@nephilimshammer9567 just hold until they get rid of profit tax. Hopefully...
Yeah fuck taxes
what a mind blowing explanation boss. salute to all of you
92.7% of all BitCoin now held...is held by those with 1.0 or more BTC.
THIS FACT is really scary for those who own none. ..if speculation by billionaires, multi-millionaires is correct.
Best vid I’ve seen for while sent to family 👍🏻
Thanks so much for the explanation.
Bitcoin is NOT money. Money needs to do 3 things to be money: It must be useable as a medium of exchange, it must be useable as a unit of account and it must be useable as a store of value. Bitcoin, and all other cryptos as well, isn´t useable in any of those 3 characteristics. Cryptos are not a unit of exchange as next to no one is accepting payments in crypto., Crypto isn´t used as unit of account and most importantly crypto is so extremely volatile, it can´t be used as a store of value.
Crypto is gambling at best.
lol rip
Thousands of people are already accepting salaries in Bitcoin. That's value exchanged for time.
@@SriRam-fp1ktand billions are Not!
I can’t wait to look back here in a couple years and just laugh at your ignorance. Let’s come back 2025 and we shall see. Comments have been screenshotted.
In 2021 when it was super hyped up it was taking 3 days for a transaction to process. If people started using it in mass for transactions it may take 3 months for a transaction. And don’t say lightening because no one uses it.
If there won't be an internet? Or Google / Microdoft / Apple ... will go against Bitcoin's holders?
I showed this video to my dog, now he’s a dawg 😂
lol
😂
Mr. Brooks representing from my hometown Pueblo Colorado 👊🏻
Wish he didn't talk so fast
Mr. Crapo is from my hometown Schitt Creek, Arkansas.
I actually needed that web3 description.
Except he described Ethereum as a security.
@@ZidaneSteinerethgate
@@ZidaneSteinersounded nothing like a security
No he described Ethereum as an operating system kinda like iOS,Windows or Android and there are many others that can be built on that system like apps.@@ZidaneSteiner
Hi
It’s a good explanation of Bitcoins value as an alternative currency. It’s not an explanation of Bitcoins logic as an investment. I’ve yet to hear a coherent explanation of why you should invest in bitcoin as a means of capital appreciation that isn’t based in pure speculation equal to gambling not investing.
Same as gold
@@oggyoggy1299 Gold actually exists
Listen to Michael Saylor
Ever bead of Michael Saylor?
Nice video! I’m currently holding a long position on BTC with Nexo.
A course worth $5000, absolutely free... Thanks
That was great! I'm sharing it for sure. Thank you.
They say you should learn something every day, today it's about crypto currency. But as an older investor I'll stick to properly and stocks, but I can see change ahead for my daughter.
Where are you from? @patrickflanagan317
I'm interested, we can talk about it, right?
Then buy her 1k of Bitcoin
@@qrrrqq certainly let's make these million dollar figures
Weak
Fire 🔥 🎉 explanation 💪🏻💪🏻💪🏻💪🏻💪🏻
You already know!
The problem is.. how do we know the right market cap for these tokens??
0
Also if it's supposed to be public currency how come I cannot go into Walmart and buy my food with it?
You very much can do!!!!!!!
@@Thomaskralowhelpdesk no, you cannot
That explanation was beautiful 🥹
I’m still lost
😂😂😂
You’re not lost. It simply is a scam. They can’t explain a Ponzi scheme without admitting to fraud.
It’s digital voodoo
Not everyone is intelligent.
Digital gold.
Bookmarked!
I'll show this to newbs who ask me about crypto.
He forgot to mention that not only do you need a computer and a internet connection. A Bank account and a digital wallet is also needed.
You don’t need a bank account, and BTC wallets are free….You pay fees when you transact…BTC is too expensive to transact in, and too slow in Transactions Per Second
@@OGcryptonite You STILL NEED a Bank account mate. How else are you going to buy your BTC. You can only buy BTC with FIAT fake money to start off. Once you have your BTC in your FREE wallet. You can transact. But as you said it's too expensive.
And electricity....
If there is a blackout, how can you trade / transact ?
No you do not need a bank account especially in underdeveloped countries in Africa, Asia and South America. You only need a bank account to turn crypto into Fiat if you choose to which will be much more common in Europe/US where their fiat currency still has value and governments are not a dictatorship
@@ZokStar1 XRP
I believe Bitcoin is here to stay👌
I believe it is doomed
What can it do? Nothing. This is like fairy dust
Until there’s an outage
@@nevbillett7554yep, 98,000k. That’s doomed for sure 😅
@@Iamhuman2ithink paper money is also fairy dust .....
It's confusing we call it crypto"currency" but then call Bitcoin as asset or property. So when I buy part of a "bitcoin" I'm actually buying part of the bitcoin blockchain network infrstructure?
Very good question!
SBF changed my life too. Ima brokeass now😮💨
Some people prefer to learn through education, others prefer to learn through experience. Not your keys, not your coins.
youre fault for going to ftx.
5:37 Mr Carpo is thinking "this guy sounds exactly like my annoying grandson"
5:35 Mr. Crapo isn't sold.
He. Is. Not. Not at all!! Haha.
Why wouldn’t he change his name?
😂
Seriously. What a face.
Thanks! This greatly increased my understanding - and I only started learning about this subject earlier this morning so I'm a real novice.
Mr. Crapo is chairman? I would have changed my last name 😂
I still carry paper money. I don't even like using a debit card. My question is, How do you buy anything with it. Will stores start accepting it?
You dont actually buy with bitcoin u convert bitcoin with euro or dollar etc and buy it
How do you buy things with real estate holdings? Why would you want to?
Mr. CrapO as a chairman just made my day 😂
When this was introduced. Bitcoin was at 26k. Today December 9th 2024 is 97k
It can drop just as fast
lol that boomer chairman has no idea whats being said 😂
Amazing video for anyone willing to actually listen.
People shunned credit cards when they came out, especially in small transactions such as at McDonalds.
It’s here to stay & will only grow.
Credit cards are financial crack cocaine. They allow people to spend money they don't have for stuff they don't need, and, get into and stay in debt for their entire lives.
NOPE. I still have no idea how bitcoin works.
That's 'cause this wonderful explanation didn't explain anything 😂
People still need companies like Gemini to trade cyber money?
Perfect Message in a short way
Yeah, how does it have any physical value? What's it tied to if it has no trace
I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be universal currency
And then you can exchange your bitcoins for actual US tender. 😂
Agreed , but what if thers no internet and no power ?
When I can buy coffee at mcdonalds with btc ?
However, working with a qualified financial advisor can help you make informed investment decisions and increase your chances of achieving your financial goals.
SHE'S ON TELE GRAMs
.....
How do you get value to spend?
My uncle who was high up in a major bank told me crypto will fail in ten years. Not a biased take at all.... lol
not aging well
So, if I buy crypto currency early on, and others don't, then I win and others are not so fortunate? Now I get it.
BTW, didn't North Korea recently steal a bunch of crypto currency?
How will BTC deal with speed of transactions issue?
Yes indeed. It's a settled matter
That is underway already
He has missed, possibly deliberately, that bitcoin is NOT money or currency. By definition a fiat currency has value because it is issued by a sovreign nation and you can pay taxes to that nation in that currency directly. Until that happens bitcoin is monopoly money
NON INTRINSIC VALUE. like gold or any other speculative item (including NFTs). Bitcoin is really a distributed databse object...that is, its an encrypted set of pointers and ledgers that record transaction and does so without know who OWNS the ledger and who has entries in the ledger.
Exactly. I made my first million dollar figures off this
If someone steals your Bitcoins, you are screwed. Just screwed. No one will help you get it back.
Rather like your stash of gold sovereigns.....
Multisig fixes this issue
gaurantees. no refunds
@5:37, oh! I can’t imagine that guy not being bullied in school for having that last name.😂
WE NO LONGER NEED BANKS ,AT ALL
Yeah usdc is ok
Retail bank branches are closing left and right in US
Banks could switch to support systems for bitcoin.
And eventually politicians.
Where are 19 billion financial transactions a year going to be settled without banks?
good that you uploaded these two videos about btc
Nice video bro
How do I reach Raftskyy
He’s on
Insta
gramm
Raftskyy
OK, I send money via bitcoin to someone and he says he did not receive it. Who do I call to figure out? That's why I will never use bitcoin or similar system ever.
This is actually an issue
He gave you wallet id. You can check transfer from one wallet to another, its open information for everyone. It will show that you transfered money.
@@Сокрад Can such info be used as proof in courts?
This was so helpful! Finally understand Bitcoin!
Are you investing
Wow, this really helped me understand Bitcoin better!
Invasion of someone's brain & Banking on human body, right?
Creepy!! Malicious!! Criminalization. Demoralization.
Wake up!! Cannibalism reappeared.
Hello, I want to start investing but I don't know where to begin. Any advice or contacts for help?
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.
Begin studying!
Crypto crew University! On UA-cam and I believe Twitter! Awesome place to get understanding of how it works and how to use it❤
If bitcoin is just a medium of exchange, why is it advertised as an investment to get rich? Why do people want to hold it for life?
BTC is 100% math and i belive in mathematics
BTC must be raciss then😂
But not spelling...😂
This guy avoids discussing what bitcoin pushers are all about. It is speculation plain and simple.
Nope. You are fooling yourself.
Million dollar warning at vice!!!
Thank You ❤
Do not let your hard earned money into Crypto black hole. Buy something that no one can secretly manipulate. Buy Gold, real estate, etc. that you control and it holds its value despite relentless money printing.
Yeah … who would ever had put 1000 in bitcoin in 2009 and now be billionaire….yesh that’s dumb 😂😂😂
@@fike301...you have not... otherwise you wouldn't post shit instead of sitting at a beach with a margarita.😂
Th value of Both directly correlated to Fiat currency which devalues significantly every year.
Excellent analysis, I am from Canada and I must say that you inspire me because I started investing in cryptocurrencies and trading as a scared investor who does not want to lose money. I was thinking about buying $Step on Solana as it gets more popular day by day. However, I’m not sure. Could you tell me what u think about them in ur further videos, pls?
Dude at 2:40 realising his son was right when he told him to buy BTC at $10
😂😂😂
😂😂😂😂😂😂😂😂😂
Is that other dude sewing 🧵
I can do that with my bank with an ACH or WIRE transfer so why do we need it?
How fast are bank transfers? How low are commissions?
What about: speed - less than a minute, commissions - a few cents ;-)
Your proposing wealth freedom. Politicians rely on corporate funding. Bitcoin will be regulated such that you are no better off using it. Further, politicians will legislate intermediaries. Corporations won’t lose.
Im already buy usd 1500 in BTC and ETH last week 🎉🎉🎉🎉🎉
gj keep buying bitcoin.
Are you investing or you just bought and kept ?
5:36 grumpy fellow ain't he.
Thanks!
Appreciate you tuning in!
Bitcoin is bullshit.
Tell me what happens when blockrewaed cannot pay electric bills and transaction fee alone won't pay electric bills.
This is at risk
@@AltcoinDaily A one currency that all countries except,just sounds like a bad idea.
@@galvinstanley3235
NWO
bro
Too many scammers and gangsters using this ghost currency!
Poor argument
And this doesn’t happen in every currency?
A widely known fact, almost all US currency has drug residue on it. Look it up.
If there is a blackout how can i cash out my bitcoin ? Go ahead ill wait.
what's a blackout?
How can withdraw USDT to binance account using only these words "head isolate sound end kit industry choice festival limit stable dolphin derive"?
I can help
I got introduced to Kristine by a colleague of mine a couple of years back, and since then my life, family and finances has taken
But they say Step Finance is a game changer analytics and portfolio management tool for Solana. If so, could you make a detailed vid on how it works. It might be just what I need!
They went back to 1976 to get that guy😂!
Good content. Making another Bitcoin purchase through Nexo
Another great one. This explanation was very succinct. Will share. Thx Austin. Peace! ✌️♥️
Any reputable books I can read and understand on web3?
awesome! I'm sharing this to my fam
Ur a bot
thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.
Bitcoin is perfect as long as there is internet and electricity.
**Not Useless:** Bitcoin serves as a decentralized currency, store of value, and payment system, used globally for transactions, remittances, and as an investment asset. Its blockchain technology underpins innovations in finance and security.
**Not a Ponzi Scheme:** Unlike Ponzi schemes, Bitcoin has no central authority promising returns. Its value comes from market demand, limited supply (capped at 21 million), and utility, not solely from new investments.
**Doesn't Meet Electricity:** Bitcoin transactions can be signed offline with hardware wallets, broadcast later when power is available. Alternatives like satellite broadcasting and local network transactions exist for power outages, although regular use requires electricity for internet connectivity.
Just like banks ....or do you think they move paper and coins for each transaction.
Well it will rise soon 🔜
Omg 😳 I can’t believe this you’re such an amazing man Mr Raftskyy
@@analdejesus7155what does mr Raftskyy do please 🙏 if I May ask ?
??
How do I connect with Raftskyy
@@analdejesus7155yes you’re right I can testify to his service
What direct purchase can I make? Can it be used directly for any purchase? Can I buy a Tesla,Ford,BMW,anything?
You can buy some things with it directly. Google that ;-)
Most certainly. I can guide you
Where can I find this guys full speech with out interruptions
Best vid I’ve seen for while sent to family
Bot
Great Content as usual!
So no Internet no bit coin ,
No one can answer me this , why sell bit coin for fiat currancy ???? . You all kept telling us fiat is worthless so why take it in exchange for bit coin ??????
Come you geniuses
💯 🎯
@@kingmiller1982 you see it too