The problem is we say taking profits as getting more dollars which is what is going down in value. If you believe we are going to a Bitcoin standard, Bitcoin will be the best thing to buy. Bitcoin is the profit not dollars. Dollars in this early stage should be used only to measure that Bitcoin’s purchasing power is increasing. It you have purchased anything else other than Bitcoin, would have made more by purchasing Bitcoin.
25:58 This is going to end so badly for those holding bitcoin derivatives like this. It's not bitcoin. Bitcoin is a useful tool, you either hold it and benefit or you don't. Bitcoin is not meant to earn you more dollars, it's meant to give you full control over your money.
Bitcoin really needs to address unit bias. None of my normie friends want to buy BTC at $100k+, and they don't want 0.005% of something. They instead are looking at ADA and XRP due to the lower unit cost.
I’m trying to only see the exchange rate as Sats/USD. With every one US dollar I just tell myself: how many Sats does it buy me? Maybe we need a name for 0.01 of a Bitcoin (one million Sats). For example, we call one million Sats a Hal or a Fin. Then 100 Hals or Fins make one Bitcoin.
Please also include no tax on tips as a talking point to hold trump to. A lot of us believers in btc come from the bottom with a belief in freedom. The number one employer in America is hospitality. No tax on tips changes as many lives as btc does currently...
Helen Keller was far from dumb... you may consider editing that out or taking the entire video down. You do not need the backlash while you are growing. We like your channel.
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Thank you for joining us today, I'll be back tomorrow with another Episode🧡
The problem is we say taking profits as getting more dollars which is what is going down in value. If you believe we are going to a Bitcoin standard, Bitcoin will be the best thing to buy. Bitcoin is the profit not dollars. Dollars in this early stage should be used only to measure that Bitcoin’s purchasing power is increasing. It you have purchased anything else other than Bitcoin, would have made more by purchasing Bitcoin.
Yess! Bitcoin is the profit!
There is no top.
👍
Another banger! 😊
Thanks man - Every day a little better:)
Wow. It's one of the best episodes yet. 🙂👏🏻👏🏻
Love Cedric's podcast! Some episodes are quite long, but they go deep.
YESS! So good to see Cedric on another podcast.
More to come!
Cedric Youngelman's podcast called the Bitcoin matrix is super underrated, great conversations and guests.
very smart
25:58 This is going to end so badly for those holding bitcoin derivatives like this. It's not bitcoin.
Bitcoin is a useful tool, you either hold it and benefit or you don't. Bitcoin is not meant to earn you more dollars, it's meant to give you full control over your money.
Only Self Custody BTC is BTC!
When we have to subdivide satoshis because they are too valuable to remain integers, what should the sub-satoshi unit be called?
Nakamotos?
CentiSat =.01 Sat
Gutten tag mein friend! Salutations from New England.
Guten Tag Gustavo:)
Btc, time, family, death, judgment.🙏🏽
nice!
Bitcoin really needs to address unit bias. None of my normie friends want to buy BTC at $100k+, and they don't want 0.005% of something. They instead are looking at ADA and XRP due to the lower unit cost.
Tell them it's not about having less than someone else. It's about having more then everyone else.
As has been said, you buy bitcoin at the price you deserve.
We will switch to Sats over time...will come organicaly!
At 1M it will be 1 Sat/dollar not cents at 100M it will be cents and the we will need start using the zeros after the sat level.
So if I'm not completely off here it should be like that: If 1 BTC = 100M Sats = $1M then 1cent = 1 Sat. For 1$ per sat we need to go to $100M
@RobinSeyr yes I was wrong ...at 1M a bit will be 1usd
@@RobinSeyr$1M = what market cap? $1 to 1sat = what is the market cap?
I’m trying to only see the exchange rate as Sats/USD. With every one US dollar I just tell myself: how many Sats does it buy me?
Maybe we need a name for 0.01 of a Bitcoin (one million Sats).
For example, we call one million Sats a Hal or a Fin.
Then 100 Hals or Fins make one Bitcoin.
We have that now since a finney is a unit of Bitcoin that represents one-thousandth of a Bitcoin (0.001 BTC)
Interesting!
Look if you have blinds on your window that are broken and you've replaced the broken blinds, then you are obviously short Bitcoin.
Hoorah!
haha:)
Please also include no tax on tips as a talking point to hold trump to. A lot of us believers in btc come from the bottom with a belief in freedom. The number one employer in America is hospitality. No tax on tips changes as many lives as btc does currently...
I never would have thought there would have been this much money in finding nonce's (software joke). Lazer eyes til fiat dies.
I love that! Laser eyes till Fiat dies!
I predict Bitcoin millionaires will one day lie about the source of their wealth.
haha yes:)
@@RobinSeyr The great majority of speculators will be losers, including 100% of the final team.
Is it me or does dude totally sound like Plan B?
Could be the same person? :)
How much of your net worth would you put in an "asset" that could be rendered obsolete by new technology?
0%...that's why I have 100% in Bitcoin.
@RobinSeyr Then you'll be broke soon, you own 100% of nothing.
Helen Keller was far from dumb... you may consider editing that out or taking the entire video down. You do not need the backlash while you are growing. We like your channel.
Blacklash is usally good for me... I believe in not editing anything out...even if it could potentially hurt me.