This is flat of gross that you censor the word gun. Censoring words that actually provide context just so you don’t piss off some AI algorithmic bot from Google needs to end needs to end quickly.
it is absolutely crazy - who is policing this ? what if it is a grease-gun, an innoculation-gun, a gun that I am using to defend a child, what about a small gun, a knife, a butter knife , an empty gun, a blunt knife, something a little bit pointy - FFS!
@@Kaodusanya bitcoin goes through a consistent cycle. If you don’t wanna own or believe in it that’s up to you. It’s still basically the best performing asset of the decade. Objectively everyone should own it at this point. I’m up well over 250% on microstrategy. Took gains, put it into my main portfolio and use the dividends to continue averaging into crypto. His company has put everything in bitcoin.
@@wanderingmako there are still deniers out there lol. At this point even if you don’t like crypto, you should still allocate a percentage to it. The rewards far outweigh any risk.
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Jenna Brooklyn of finance education a try and you be happy you did
I have and my findings haven't been pretty. They have a good Ponzi going on, libertarian pie in the sky nonsense turned into a device for white-collar criminals to line their pockets. I have my Sam Bankman-Fried Fortune Magazine cover next to my Elizabeth Holmes.
@@brettstefanishin574the value is the deflationary trustless protocol + the network of users. It's a lever against - and maybe a way out of - the existing inflationary debt-based financial system.
I've never understood the argument that BTC has value based on the amount of energy it takes to verify a transaction or to mine it. Wouldn't that be a sunk cost? Meaning the value of the transaction is either inflated or lost by the same amount of energy it takes to complete the transaction. In the video, Saylor positions the cost of mining as the cost of defense b/c BTC is so hard to hack. Which I guess makes sense to a point...but it just sounds like spin as BTCs energy consumption will only become more costly as adoption increases. (Another scalability argument)
Everything this guy says is spin. Bitcoin mining is a complete joke (let's spend massive amounts of computing power and energy to guess at a number) and it is now being taken over by the whale miners as they consolidate the smaller ones. There are so many things that are wrong and are weaknesses in the whole Bitcoin world but sailor never wants to address any of these.
I'll attempt to give you some discourse on your questions, not that I truly understand it all either. The argument you lay out for bitcoin being a sunk cost based on energy or economic cost could also be used against any financial system that would rival bitcoin. I think of the cost and abstraction used in modern banking and that same idea of it being only a parasitic drain could also hold, given the banking doesn't provide other value like facilitating the exchange of money, goods, and services. I'm in the US and our monetary system is backed by the government and has had to be federally insured as well to provide a hedge to theft and provide a sense of security to those that would use it. Suffice it to say that banking and finance is worth the cost, and you can justify the cost of the security of the system just like any other large bank would. Let me know what you think, and thanks again for starting the dialogue!
@@tensebeastgaming8527 Let me summarize your points as I think I understand and agree with what you're saying. #1 Traditional financial systems provide security for our transactions and come at a cost. That cost is comparative to or greater than the energy cost of mining BTC. The energy consumption of BTC IS the cost of it's security, which IS its value. #2 Current financial systems require funds be backed by the US gov as it provides trust and faith in the system. Faith being the ESSENTIAL element for any currency to work.
It's not money it's not based on anything, at least the USD is required to repay loans and interest and pay taxes. MSTR used cash to buy Bitcon, the hype of which drove the price of Bitcon higher making MSTR worth more enabling them to borrow more dollars they used to buy more Bitcon causing the price of Bitcon to go higher enabling MSTR to buy more Bitcon, rinse and repeat, borrow, buy, brag, that's you Bitcon. The price is based on the Greater Fool theory. Someone is selling Bitcon as MSTR is buying and Bitcon is not generating cash as most all assets do.
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc....At the heart of this evolution is Jinny Franz, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
Unsure if I'm understanding this correctly or not - MS explains that mining BTC doubles as a defense for the network, since the mining rigs use electrical power towards it. What.....happens when all 21 million are mined? What incentive would there be at that point, seeing as BTC rewards would be no more? Would the defense just fall apart? I feel I may be looking at this the wrong way, or too literally. Basically my question is, if the network is *everywhere*, and in around 2050 when all BTC is mined via mining incentive rewards, what will then power such network and have defense in place?
The last bitcoin will be mined around 2140 and from then on the miners will still profit from the transaction fees. If that is gonna be profitable enough to incentivize mining I really dont know
My question is, will it ever really be used as a form of currency? or mostly just an investment vehicle? I am not very knowledgeable about it, but it seems like more of just an investment at this point.
Probably not as it is classified an asset type. Besides, I think it will be unwise to use it like a currency cause you have stored value appreciating. So I can imagine you trade it as you would gold for fiat currency depending on the need and if the exchange is favourable.
IMO its primary motivating factor is to be a store of value, but that wouldn't be much good if it weren't also transmissable. If it catches on sufficiently, it may become a financial settlement layer. Expect other payment channels to be built on top of Bitcoin.
I think it will.. 10-15-20 years down the line.. but you have to look at it like $1 = 1 satoshi.. or possibly using some layer on top of it for payments..
Its called owning property because every asset has certain properties that make it what it is. Bitcoin has no properties. So by law, i could make the argument that i didn't steal your property by definition. Certain properties make silver, gold, oil and so on. Bitcoin does not meet that stardard. the basics of ownership explain that perfectly.
Can someone with some knowledge about bitcoin explain this argument; There is only a limitied amount of bitcoin to be mined, 19,5 mill so far and 1,5 mill left to mine. Because of this, bitcoin is more stable (Fiat money you can print up as much as a goverment/country wants to) I understand there is only 21 mill bitcoins in total. But 1 Btc can be split into 10 x 0,1Btc or 100x 0,01Btc or 100000 x 0,00001Btc and so on. It kind of feels like you can "print unlimited" of bitcoin too. We will never run out of bitcoin if you can just add a new decimal. In this case, the ones owning a lot of bitcoin, wants to hold on to it, so there is always a higher demand than supply, making the value go up. And the more the value goes up, the more demand it will be. The ones holding a fortune in bitcoin then borrow Fiat money with the bitcoin as leverage, and pay the interest with selling a small amount of their bitcoins (Im just guessing thats what they do). Also no tax until you sell bitcoin and get a profit. Not sure if any bank would accept bitcoin as leverage, maybe if you turn it into a holding/investment company.
@@HeSpeaks-u9w Yea, got a bit all over the place. Basically, if all the Fiat dollar in the world was $1000, then you know you can only break it down to 1, 5, 10, 25, 50 cent coin or 1, 2, 5, 10, 20, 50 or 100 bill. Imagine you have 100.000 pennies (1 cent) and you wanted to split them evenly on 200.000 people. Well, you couldnt, unless the goverment make 100k more pennies. But with bitcoin it seems like you can always break it into smaller fractions. And because of that, I feel the argument "there is only 21 mill bitcoins" doesnt mean much, regarding inflation. But giving it an extra thought I guess the difference is that if you have $1000 and the goverment double the total amount by printing more, your $1000 will lose value, while with Btc, splitting up a Btc (so you can sell less than 1Btc) will make 1 Btc more worth. I guess you can make the comparison of breaking up a bitcoin in smaller fractions as the same as printing money? I just dont see the difference in if its just 21 mill og 210 mill or 2,1 mill Btc in total, since you probably can add unlimited with decimals (or maybe there is a decimal limit?)
@@faderen2000 oh, I see... Let's use a metric prefix: 1 mBTC (milli BTC) = 1/1000 BTC. Say BTC value continues to rise, such that 1 mBTC buys what used to require 1 BTC. This is *de*flationary (opposite of inflationary), since it requires less of the new money to buy the same goods. Thinking of it as "money printing" as you described, the difference is who gets the "new money"? In the current fiat, inflationary, debt-based system, the banks get the new money, and everyone else's slice of the pie gets smaller. With a deflationary currency like BTC, every BTC holders' slice grows proportionately.
It's not money it's not based on anything, at least the USD is required to repay loans and interest and pay taxes. MSTR used cash to buy Bitcon, the hype of which drove the price of Bitcon higher making MSTR worth more enabling them to borrow more dollars they used to buy more Bitcon causing the price of Bitcon to go higher enabling MSTR to buy more Bitcon, rinse and repeat, borrow, buy, brag, that's you Bitcon. The price is based on the Greater Fool theory. Someone is selling Bitcon as MSTR is buying and Bitcon is not generating cash as most all assets do.
It will fail once there all mined And the price is to high Btc already failed the price is high but only rich institutions will own them which mean they would contril the financial markets What btc was developed to go against
Host: “What’s the best argument against bitcoin?” Saylor: “A better monetary network. Bitcoin is the biggest at a $1.4T in market cap”. Me: “Why does he keep measuring bitcoin with a unit of money he says is junk and worthless?”
Because bitcoin has no real value that isn't tied to a useable currency denomination. What is the worth of 1 bitcoin? What can you buy with 1 bitcoin? You would have absolutely no idea if you didn't first translate it to USD, and then use that as a reference of what you can buy. All value of some commodity is determined by the locally used currency. Literally, no one used bitcoin as actual currency, and only as a medium to later exchange for actual currency. You'll have to wait for the USD to actually become worthless before that happens.
Why do we measure everything in USD? Because it’s the world’s reserve currency. If Bitcoin continues to grow its volatility will converge with the S&P and it would then be start to be used as medium of exchange and things would start to be priced in it. Every money in history chosen by the free market and not by fiat edict was a store of value before a medium of exchange where prices are denominated in it.
We’re just seeing the start of Bitcoin’s parabolic phase. There might be slight retraces, but we still have months to go. I believe we will peak at $150,000 in 2025.
You have a very valid point, There are tons of benefits to having a financial advisor, but here’s one example: My advisor based a small part of my portfolio on Nancy Pelosi’s portfolio, which is completely legal. That portion has gone up 41% in just six months-take that info as you will.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
The real question is how sure is a coiner that he can access the value his bitcoin represents in the future? It's easy to flood the L1 network since it can only handle 5 transactions per second (a normal CPU can do 10 TFLOPS), and the L2 network can be gatekeeped by supernodes. Study the networks, even I as an ordinary guy can see the fence slowly being built around the value that bitcoin holds. The likes of Saylor are the whales that will drown the L1 network, and the likes of Mollers are the supernodes that will keep you trapped in the L2 network. Bitcoin is fenceable and gateable. Don't believe on it too much, you'll be locked out of your wealth.
Good day Mate, I don't draw lines in the sand when it comes to TA, rules, lines , are broken all the time ,100% probability ? high probability yes anyway , I agree more than not with you I think 90% of gains will be made in bitcoin by April I have riot toping in march so the halving is condensing , bitcoin has to go higher and sell off farther down and reset for the next halving , that's why made new high earlier this time will be interesting to see the price structure when it resets,... I have managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months... I'm especially grateful to Francine Duguay's, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
I don’t understand there is literally no value to it. Bitcoin is a digital asset. what real value does it hold other than just speculation and no substance.
@ haha I mean if you actually wanted anything from your bitcoin you would cash out. They directly equate 1 bitcoin to how much cash you would get for it. Because cash is a medium of exchange.
I think the part that bugs me is that the creator of Bitcoin Satoshi owns 10% of all existing Bitcoins. I know he “walked away” but still a crazy idea that 10% of the market cap is owned by one guy. Also, Bitcoin as mentioned creates a bunch of waste and global heating through the mining process.
Then add Saylors amount, the "facebook-twins" amount, Blackrock and a few others and that % will be massive. Remember also that 20% of bitcoin is lost forever. I get a feeling its a bit like the diamond industry. Few companies have a lot of the diamonds. If they put all out for sale, a diamond would suddenly be cheap. Meaning, the big players can manipulate the prize. Time will tell. As long as the different goverments gets their tax from peoples gains, they dont care if its a pyramid or not. Higher bitcoin value, higher gains. And Im sure 80% of bitcoin owners (I have a small amount myself) dont report their profit/gains when selling to their goverment, as they should - but at some point the goverment finds out and suddenly they are in forever debt.
If you heard about Bitcoin, didn't invest, and now you're looking at it approaching $100K, you have two paths forward: 1) Educate yourself and realize that maybe there's something you don't understand and make an attempt to learn what that might be. 2) Shake your fist at those pesky kids and their darn pretend money until it reaches 1 million.
@@jludo What will cause the crash? After the ETF approvals I purchased. There is a lot of buying pressure and all the coins aren't even mined so when you actually understand it you start to see how it won't drop in value. Unless of course everyone sells it but I think most people who hold it understand they shouldn't it. There are only 21 million btc that will ever be mined. So the value will only go up because eventually there won't be any btc left. Why else would the US Government say they are going to purchase 200k btc a year for the next 5 years for a total of 1 million btc. When and why would it crash?
@FinalFlash2110 The US government only has Bitcoin via criminal seizure. BTC is a name brand, convoluted NFT. If it actually functioned as a currency, that'd be one thing, but it doesn't. You are correct though, as long as more people buy and hold, it will go up. This is also how ponzi schemes work. As long as more people buy in and no one asks to cash out, everyone in the scheme is getting richer, on paper. It's just a question of who will get stuck holding the bag and when.
@@FinalFlash2110 Like every Ponzi scheme, it will crash when no more people blunder into the trap, and the people who believe in it have already invested all their money.
You know, eventually, as people use and make bitcoin transactions more and more often... it will eventually come to a point where a single bitcoin will be 1 gb large. A single bitcoin transaction adds 300 to 400 bytes. A gigabyte has 1,000,000,000 bytes. That's roughly 2.9 million transactions. For reference, the amount of credit card transactions are 1.8 billion a day. If everyone trades bitcoins with each other (they way it was intended to be used) instead of "storing" them in crypto banks and centralized, then it won't take long before bitcoins take up more space than the available on the internet.
The "bitcoins themselves" don't have a size ((giga)bytes). The Bitcoin (protocol) blocks and blockchain do. There is a limit on the block size, and thus on the growth rate of the blockchain. But that only matters to people running a full node, which you don't have to do to send, receive, buy, sell, or hold Bitcoin.
"...where nobody can possibly hack the bank..." Except for the people that have lost bitcoin because the firms / exchanges where they thought it was held safe have been hacked and bitcoin stolen / lost. Why do people keep speaking to BC as if it is the ultimate and unhackable despite firms holding it being hacked and bitcoin being stolen?
You are not obligated to hold your coins on exchanges. As a matter of fact it is frowned upon and advised to not do that and learn about self-custody and learning to secure your own assets. You are simply proving his point even further because he clearly said that the weak link is the Individual/entity and the example you are giving has nothing to do with the integrity of the bitcoin network but the bitcoin holder.
yes in theory a powerful quantum computer could easily hack some private keys if btc didnt hard fork fast enough(and they almost certainly wouldnt) en.wikipedia.org/wiki/Shor%27s_algorithm
@rebeltheharem7028 people already crack btc private keys with traditional computation (though.its very difficult and rare) why is this surprising to you
@@daimendvisser2662 just depends how long the password is. Shorter passwords can be cracked by conventional supercomputers or just 10k+ rigs / tiny box / 5090s AI may also solve algorithmic solutions to problems more efficiently than current algos but I agree it's very unlikely. The only good thing is that currently Bitcoin is very secure, likely will take longer than 2-3 years to have serious cryptographic threats by non state actors(who would never reveal such a thing publicly)
Bitcoin is like gold, xrp is more like the dollar. They both have their positives. Bitcoin will be good to store value, but xrp will be used for everyday transactions and could be widely used by banks.
I have bitcoin. But what if. Satoshi has a back door to take it all? It’s suspicious no one knows who he is. No? No one can find him now. How can anyone find him if he takes everyone’s bitcoin. Is this even a possibility? Maybe not but I don’t know the ins and outs of the whole thing. I just know my investment is going up !!
BITCOIN ONLY HODL!!! I have said this for years, Most of if not all current tokens, altcoins, stablecoins, defi’s, meme coins, nft’s, crypto exchanges are all shitcoins & trash. BITCOIN ONLY HODL!!!
Great content, as always! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
The reason graham edited out the word gun is because he wants as many people to see this video as possible. UA-cam advertises your video less the more it thinks your video is "risky"
Holy Shit! This guy does not know what he is talking about and he is considered the prophet of bitcoin? I have read the original bitcoin paper and from an engineering perspective it is a thing of beauty. But, this guy has no idea what he is talking about
I love at 3:25 what he's asking no gpu or cpu can do a good job it's decentralized so you can mine it on your cpu or gpu... And what about the 3 companies that make shaw256 processors do they not have an advantage? Is that not centralized? How about the 1 company selling 70% of all shaw256 processors
@@tylerrauch4655 as of public numbers of 8 months ago theres 1.7 million bitcoin for sale on the markets out of the over 19 million bitcoins in existence making the total buyable bitcoin on the markets available for purchase at 166.6 billion of bitcoin. So yes it's possible but this would be most of bitcoin people are willing to have out there for sale.
ICK your last THREE videos GLORIFYING MICHAEL SAYLOR ? Are you guys completely unaware that he illegally funded his company MicroStrategy or do you guys just not care as long as you guys can ALSO profit off or promoting fraudulent people, products , stocks , crypto, banks etc.
This is flat of gross that you censor the word gun. Censoring words that actually provide context just so you don’t piss off some AI algorithmic bot from Google needs to end needs to end quickly.
Really reprehensible what kind of self censoring self Orwellian shit is that. Totally inexcusable.
Algorithmic is next word to sensor!
settle down cowboy, they're just words
@ that’s the point that you’re missing. They’re not just words if people can’t hear the words.
Can't even say gun on UA-cam. What a time to be alive.
it is absolutely crazy - who is policing this ? what if it is a grease-gun, an innoculation-gun, a gun that I am using to defend a child, what about a small gun, a knife, a butter knife , an empty gun, a blunt knife, something a little bit pointy - FFS!
Seriously. What a joke to censor the word "gun"
And they still got demonetized lol
“Where is the cold virus in the human race?” They glossed over this too fast. Genius analogy
If you go back and listen to saylor from 4 years ago, you realize he’s a genius
do you trust him? he went bankrupt one time
I wouldn't trust him, but have been into BTC since before he jumped on board. So no trust needed here.
Great response its literally a trustless system. My bitcoin on a cold wallet has no connection to saylors aside from him pumping and dumping it
@@Kaodusanya bitcoin goes through a consistent cycle. If you don’t wanna own or believe in it that’s up to you. It’s still basically the best performing asset of the decade. Objectively everyone should own it at this point.
I’m up well over 250% on microstrategy. Took gains, put it into my main portfolio and use the dividends to continue averaging into crypto.
His company has put everything in bitcoin.
@@wanderingmako there are still deniers out there lol. At this point even if you don’t like crypto, you should still allocate a percentage to it. The rewards far outweigh any risk.
MSTR heading to a trillion dollars
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Yes! I'm celebrating £32K stock portfolio today...
Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Jenna Brooklyn of finance education a try and you be happy you did
Started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
Can I start with as low as $1,000?
I am always shocked at how some young people still can't grasp it/haven't done any research on it yet.
I have and my findings haven't been pretty.
They have a good Ponzi going on, libertarian pie in the sky nonsense turned into a device for white-collar criminals to line their pockets.
I have my Sam Bankman-Fried Fortune Magazine cover next to my Elizabeth Holmes.
We have and don’t want it. Bitcoin has no intrinsic value.
@@brettstefanishin574the value is the deflationary trustless protocol + the network of users. It's a lever against - and maybe a way out of - the existing inflationary debt-based financial system.
We have one word for those people. We call them poor.
@@brettstefanishin574 did/do you see my other reply to you in this thread? It's not showing up for me
Lol what is the best argument against bitcoin... This guy doesn't seem like the person to ask that question to
you are free to answer it then 😲
There a billion gun videos on UA-cam. wtf are you doing clipping the word "gun"??
Those were EXPENSIVE pizzas!! $1 BILLLION for 2 pizzas!!
I've never understood the argument that BTC has value based on the amount of energy it takes to verify a transaction or to mine it. Wouldn't that be a sunk cost? Meaning the value of the transaction is either inflated or lost by the same amount of energy it takes to complete the transaction. In the video, Saylor positions the cost of mining as the cost of defense b/c BTC is so hard to hack. Which I guess makes sense to a point...but it just sounds like spin as BTCs energy consumption will only become more costly as adoption increases. (Another scalability argument)
Everything this guy says is spin. Bitcoin mining is a complete joke (let's spend massive amounts of computing power and energy to guess at a number) and it is now being taken over by the whale miners as they consolidate the smaller ones. There are so many things that are wrong and are weaknesses in the whole Bitcoin world but sailor never wants to address any of these.
I'll attempt to give you some discourse on your questions, not that I truly understand it all either. The argument you lay out for bitcoin being a sunk cost based on energy or economic cost could also be used against any financial system that would rival bitcoin. I think of the cost and abstraction used in modern banking and that same idea of it being only a parasitic drain could also hold, given the banking doesn't provide other value like facilitating the exchange of money, goods, and services. I'm in the US and our monetary system is backed by the government and has had to be federally insured as well to provide a hedge to theft and provide a sense of security to those that would use it. Suffice it to say that banking and finance is worth the cost, and you can justify the cost of the security of the system just like any other large bank would. Let me know what you think, and thanks again for starting the dialogue!
Energy cannot be faked. There is security in that, thats were the value comes from
@@tensebeastgaming8527 Let me summarize your points as I think I understand and agree with what you're saying. #1 Traditional financial systems provide security for our transactions and come at a cost. That cost is comparative to or greater than the energy cost of mining BTC. The energy consumption of BTC IS the cost of it's security, which IS its value. #2 Current financial systems require funds be backed by the US gov as it provides trust and faith in the system. Faith being the ESSENTIAL element for any currency to work.
It's not money it's not based on anything, at least the USD is required to repay loans and interest and pay taxes. MSTR used cash to buy Bitcon, the hype of which drove the price of Bitcon higher making MSTR worth more enabling them to borrow more dollars they used to buy more Bitcon causing the price of Bitcon to go higher enabling MSTR to buy more Bitcon, rinse and repeat, borrow, buy, brag, that's you Bitcon. The price is based on the Greater Fool theory. Someone is selling Bitcon as MSTR is buying and Bitcon is not generating cash as most all assets do.
When you have as many as BTC, you don't want any negative idea!
He had 0 4 years ago
Exactly so he can pull at the top with his billions
This is a great convo well done
Only thing that can destroy Bitcoin is if the dollar becomes sound!!!
Which it won't. Every currency falls.
@@McFlashh If bitcoin is a currency, then bitcoin would fail..
Very dumb logic.
@@Lolatyou332 Bitcoin is decentralised, unlike other currencies. This means that it can't be mass printed - it is in limited supply.
@@Lolatyou332no no. He doesn’t mean that! He means FIAT currency
@@McFlashh If BC is worth a million "dollars" and dollars disappear...what is your BC worth?
Fiji water and Starbucks...thats a lifestyle
Tulips! Get your tulips! Tulip futures! Guaranteed to make you rich, unless someone else makes a better tulip.
Ha worse than that, "blue tulips here, yes there are other colors but we all agree on blue tulips"
Gzus!!! It’s been a while that I haven’t seen him talk about BtC and God he needs to improve he’s speech
How does AI con humans into building the worlds largest computer? Bitcoin...
That’s good
Nice try to be edgy
Thanks CIA, I mean satoshi
DARPA
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc....At the heart of this evolution is Jinny Franz, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
She's mostly on Telegrams, using the user name
@JinnyFranz
Great skills and knowledge about the market. I enjoy full profits and easy withdrawal with no complains
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate…
I only trust Jinny with my investments. I am now able to send my kids to great schools in LA.
Saylor knows so much about bitcoin
Unsure if I'm understanding this correctly or not - MS explains that mining BTC doubles as a defense for the network, since the mining rigs use electrical power towards it. What.....happens when all 21 million are mined? What incentive would there be at that point, seeing as BTC rewards would be no more? Would the defense just fall apart? I feel I may be looking at this the wrong way, or too literally.
Basically my question is, if the network is *everywhere*, and in around 2050 when all BTC is mined via mining incentive rewards, what will then power such network and have defense in place?
The last bitcoin will be mined around 2140 and from then on the miners will still profit from the transaction fees. If that is gonna be profitable enough to incentivize mining I really dont know
NSA made this
My question is, will it ever really be used as a form of currency? or mostly just an investment vehicle? I am not very knowledgeable about it, but it seems like more of just an investment at this point.
Probably not as it is classified an asset type. Besides, I think it will be unwise to use it like a currency cause you have stored value appreciating. So I can imagine you trade it as you would gold for fiat currency depending on the need and if the exchange is favourable.
IMO its primary motivating factor is to be a store of value, but that wouldn't be much good if it weren't also transmissable. If it catches on sufficiently, it may become a financial settlement layer. Expect other payment channels to be built on top of Bitcoin.
it is already being used as both. Right now mostly as a form of investment because it is not declared as legal tender all around the world ... yet.
I think it will.. 10-15-20 years down the line.. but you have to look at it like $1 = 1 satoshi..
or possibly using some layer on top of it for payments..
Bitcoin will be used to back fiat currency, at least in the medium term.
Sleazy used car salesman vibes
Never would have thought the word "gun" would be edited out and censored in America
Its called owning property because every asset has certain properties that make it what it is. Bitcoin has no properties. So by law, i could make the argument that i didn't steal your property by definition. Certain properties make silver, gold, oil and so on. Bitcoin does not meet that stardard. the basics of ownership explain that perfectly.
Can someone with some knowledge about bitcoin explain this argument; There is only a limitied amount of bitcoin to be mined, 19,5 mill so far and 1,5 mill left to mine. Because of this, bitcoin is more stable (Fiat money you can print up as much as a goverment/country wants to)
I understand there is only 21 mill bitcoins in total. But 1 Btc can be split into 10 x 0,1Btc or 100x 0,01Btc or 100000 x 0,00001Btc and so on. It kind of feels like you can "print unlimited" of bitcoin too. We will never run out of bitcoin if you can just add a new decimal. In this case, the ones owning a lot of bitcoin, wants to hold on to it, so there is always a higher demand than supply, making the value go up. And the more the value goes up, the more demand it will be. The ones holding a fortune in bitcoin then borrow Fiat money with the bitcoin as leverage, and pay the interest with selling a small amount of their bitcoins (Im just guessing thats what they do). Also no tax until you sell bitcoin and get a profit. Not sure if any bank would accept bitcoin as leverage, maybe if you turn it into a holding/investment company.
Only worry if the irs changes its stance that bitcoin (any crypto actually) is property and not currency.
What is your question? You asked "can someone explain", and then you explained.
@@HeSpeaks-u9w Yea, got a bit all over the place. Basically, if all the Fiat dollar in the world was $1000, then you know you can only break it down to 1, 5, 10, 25, 50 cent coin or 1, 2, 5, 10, 20, 50 or 100 bill. Imagine you have 100.000 pennies (1 cent) and you wanted to split them evenly on 200.000 people. Well, you couldnt, unless the goverment make 100k more pennies. But with bitcoin it seems like you can always break it into smaller fractions. And because of that, I feel the argument "there is only 21 mill bitcoins" doesnt mean much, regarding inflation.
But giving it an extra thought I guess the difference is that if you have $1000 and the goverment double the total amount by printing more, your $1000 will lose value, while with Btc, splitting up a Btc (so you can sell less than 1Btc) will make 1 Btc more worth. I guess you can make the comparison of breaking up a bitcoin in smaller fractions as the same as printing money? I just dont see the difference in if its just 21 mill og 210 mill or 2,1 mill Btc in total, since you probably can add unlimited with decimals (or maybe there is a decimal limit?)
@@faderen2000 oh, I see...
Let's use a metric prefix: 1 mBTC (milli BTC) = 1/1000 BTC. Say BTC value continues to rise, such that 1 mBTC buys what used to require 1 BTC. This is *de*flationary (opposite of inflationary), since it requires less of the new money to buy the same goods.
Thinking of it as "money printing" as you described, the difference is who gets the "new money"? In the current fiat, inflationary, debt-based system, the banks get the new money, and everyone else's slice of the pie gets smaller. With a deflationary currency like BTC, every BTC holders' slice grows proportionately.
You should not be investing
16.5 MILLION MAX EVER - since about 5 million has been lost!
But a digital asset can be divided infinitely right?
@@ShallowPocket exactly and that's why the scarcity argument is completely bogus
It's not money it's not based on anything, at least the USD is required to repay loans and interest and pay taxes. MSTR used cash to buy Bitcon, the hype of which drove the price of Bitcon higher making MSTR worth more enabling them to borrow more dollars they used to buy more Bitcon causing the price of Bitcon to go higher enabling MSTR to buy more Bitcon, rinse and repeat, borrow, buy, brag, that's you Bitcon. The price is based on the Greater Fool theory. Someone is selling Bitcon as MSTR is buying and Bitcon is not generating cash as most all assets do.
The world cannot survive with an ethical monetary policy
What, you think the world isn't in a steady decline in the current unethical one? Give your head a shake. 😂
It will fail once there all mined
And the price is to high
Btc already failed the price is high but only rich institutions will own them which mean they would contril the financial markets
What btc was developed to go against
Host: “What’s the best argument against bitcoin?”
Saylor: “A better monetary network. Bitcoin is the biggest at a $1.4T in market cap”.
Me: “Why does he keep measuring bitcoin with a unit of money he says is junk and worthless?”
Bro will cause the next crash, or tether.
@@oo--7714 Tether is fully funded
Because bitcoin has no real value that isn't tied to a useable currency denomination. What is the worth of 1 bitcoin? What can you buy with 1 bitcoin? You would have absolutely no idea if you didn't first translate it to USD, and then use that as a reference of what you can buy. All value of some commodity is determined by the locally used currency. Literally, no one used bitcoin as actual currency, and only as a medium to later exchange for actual currency.
You'll have to wait for the USD to actually become worthless before that happens.
@@rebeltheharem7028 USD is already worthless
Why do we measure everything in USD? Because it’s the world’s reserve currency. If Bitcoin continues to grow its volatility will converge with the S&P and it would then be start to be used as medium of exchange and things would start to be priced in it. Every money in history chosen by the free market and not by fiat edict was a store of value before a medium of exchange where prices are denominated in it.
We’re just seeing the start of Bitcoin’s parabolic phase. There might be slight retraces, but we still have months to go. I believe we will peak at $150,000 in 2025.
Exact plan; Crypto through 2025, then high yield ETFs through the bear market 26’-27’
I have $40,000 in the money market that I want to move into stocks & bitcoin, but I’m scared of buying at the top. Any suggestions?
As a beginner, the best you can do to yourself is to get a professional that will handle your account
You have a very valid point, There are tons of benefits to having a financial advisor, but here’s one example: My advisor based a small part of my portfolio on Nancy Pelosi’s portfolio, which is completely legal. That portion has gone up 41% in just six months-take that info as you will.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
The real question is how sure is a coiner that he can access the value his bitcoin represents in the future? It's easy to flood the L1 network since it can only handle 5 transactions per second (a normal CPU can do 10 TFLOPS), and the L2 network can be gatekeeped by supernodes. Study the networks, even I as an ordinary guy can see the fence slowly being built around the value that bitcoin holds. The likes of Saylor are the whales that will drown the L1 network, and the likes of Mollers are the supernodes that will keep you trapped in the L2 network. Bitcoin is fenceable and gateable. Don't believe on it too much, you'll be locked out of your wealth.
Good day Mate, I don't draw lines in the sand when it comes to TA, rules, lines , are broken all the time ,100% probability ? high probability yes anyway , I agree more than not with you I think 90% of gains will be made in bitcoin by April I have riot toping in march so the halving is condensing , bitcoin has to go higher and sell off farther down and reset for the next halving , that's why made new high earlier this time will be interesting to see the price structure when it resets,... I have managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months... I'm especially grateful to Francine Duguay's, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine duguay program is widely available online..
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
Thank you…. I have searched her up Google I think I am satisfied with her experience.
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
The internet was made by c.i.a and USA military first then given to civilians . What makes you think they are not behind bitcoin?
Doesn’t ‘satoshi nakamoto’ translate to ‘central intelligence’?
Truth behind Bitcoin is in plain sight.
It has some serious flaws
Please explain!
I don’t understand there is literally no value to it. Bitcoin is a digital asset. what real value does it hold other than just speculation and no substance.
When you figure out it’s too late. Keep thinking through it.
There is no value except buy and wait…..Hopefully you could sell for more money,that’s it …..ponzi scam
same reason your toilet paper checks and cash printed from thin air have purchasing power
@ haha I mean if you actually wanted anything from your bitcoin you would cash out. They directly equate 1 bitcoin to how much cash you would get for it. Because cash is a medium of exchange.
Explaining the basics like bitcoin is decentralized in 2024 to someone is insane to me.
But what makes it worth something is the real question….
Why does the value go up so fast
Is it the bigger fool theory
Basically it's billionaires pumping it. Just like the Dow Jones. That and the cost of mining 1 bitcoin ties into it.
Now get Peter Schiff on
dudes heads were blown when they heard asic 256
Saylor talking about ethics is ironic.
I think the part that bugs me is that the creator of Bitcoin Satoshi owns 10% of all existing Bitcoins. I know he “walked away” but still a crazy idea that 10% of the market cap is owned by one guy. Also, Bitcoin as mentioned creates a bunch of waste and global heating through the mining process.
Then add Saylors amount, the "facebook-twins" amount, Blackrock and a few others and that % will be massive. Remember also that 20% of bitcoin is lost forever. I get a feeling its a bit like the diamond industry. Few companies have a lot of the diamonds. If they put all out for sale, a diamond would suddenly be cheap. Meaning, the big players can manipulate the prize.
Time will tell. As long as the different goverments gets their tax from peoples gains, they dont care if its a pyramid or not. Higher bitcoin value, higher gains. And Im sure 80% of bitcoin owners (I have a small amount myself) dont report their profit/gains when selling to their goverment, as they should - but at some point the goverment finds out and suddenly they are in forever debt.
Roughly 5% of the supply and Bitcoin creates a market for the cheapest and cleanest energy also as there is always a buyer now.
What is your source for that,
@ just look it up and do the math
@@layfb3162 he owns 1.1 million bitcoin there is 21 million total coins that’s roughly 5%
If you heard about Bitcoin, didn't invest, and now you're looking at it approaching $100K, you have two paths forward:
1) Educate yourself and realize that maybe there's something you don't understand and make an attempt to learn what that might be.
2) Shake your fist at those pesky kids and their darn pretend money until it reaches 1 million.
Same can be said for a ponzi scheme before it crashes.
@@jludo What will cause the crash? After the ETF approvals I purchased. There is a lot of buying pressure and all the coins aren't even mined so when you actually understand it you start to see how it won't drop in value. Unless of course everyone sells it but I think most people who hold it understand they shouldn't it. There are only 21 million btc that will ever be mined. So the value will only go up because eventually there won't be any btc left. Why else would the US Government say they are going to purchase 200k btc a year for the next 5 years for a total of 1 million btc. When and why would it crash?
@FinalFlash2110 The US government only has Bitcoin via criminal seizure. BTC is a name brand, convoluted NFT. If it actually functioned as a currency, that'd be one thing, but it doesn't. You are correct though, as long as more people buy and hold, it will go up. This is also how ponzi schemes work. As long as more people buy in and no one asks to cash out, everyone in the scheme is getting richer, on paper. It's just a question of who will get stuck holding the bag and when.
@@FinalFlash2110 Like every Ponzi scheme, it will crash when no more people blunder into the trap, and the people who believe in it have already invested all their money.
You know, eventually, as people use and make bitcoin transactions more and more often... it will eventually come to a point where a single bitcoin will be 1 gb large. A single bitcoin transaction adds 300 to 400 bytes. A gigabyte has 1,000,000,000 bytes. That's roughly 2.9 million transactions. For reference, the amount of credit card transactions are 1.8 billion a day. If everyone trades bitcoins with each other (they way it was intended to be used) instead of "storing" them in crypto banks and centralized, then it won't take long before bitcoins take up more space than the available on the internet.
The "bitcoins themselves" don't have a size ((giga)bytes). The Bitcoin (protocol) blocks and blockchain do. There is a limit on the block size, and thus on the growth rate of the blockchain. But that only matters to people running a full node, which you don't have to do to send, receive, buy, sell, or hold Bitcoin.
editing out the word *gun* is soft af
Satoshi Nakamoto = DARPA
"...where nobody can possibly hack the bank..."
Except for the people that have lost bitcoin because the firms / exchanges where they thought it was held safe have been hacked and bitcoin stolen / lost.
Why do people keep speaking to BC as if it is the ultimate and unhackable despite firms holding it being hacked and bitcoin being stolen?
You are not obligated to hold your coins on exchanges. As a matter of fact it is frowned upon and advised to not do that and learn about self-custody and learning to secure your own assets. You are simply proving his point even further because he clearly said that the weak link is the Individual/entity and the example you are giving has nothing to do with the integrity of the bitcoin network but the bitcoin holder.
Self custody...
No one uses Bitcoin as money
not true
Bitcoin is garbage
Yea hu just ask them
@@rof8200 bitcoin is garbage outdated technology
@boogotti1173 No use case for Bitcoin. There are better Cryptocurrency's. Wish you the best of luck.
Could Bitcoin get brought down by an A.I powered supercomputer over the next decade?
yes in theory a powerful quantum computer could easily hack some private keys if btc didnt hard fork fast enough(and they almost certainly wouldnt)
en.wikipedia.org/wiki/Shor%27s_algorithm
You clearly have no idea what anything of those things that you just mentioned, are....
@rebeltheharem7028 people already crack btc private keys with traditional computation (though.its very difficult and rare) why is this surprising to you
@@synzael That is not true, even currently Quantum computers cant crack the 256 bit encryption. It would take millions of years
@@daimendvisser2662 just depends how long the password is. Shorter passwords can be cracked by conventional supercomputers or just 10k+ rigs / tiny box / 5090s
AI may also solve algorithmic solutions to problems more efficiently than current algos but I agree it's very unlikely. The only good thing is that currently Bitcoin is very secure, likely will take longer than 2-3 years to have serious cryptographic threats by non state actors(who would never reveal such a thing publicly)
100 times?!? He has nooooooooooooo clue what he's talking about....probably ever
GRAHAM can we be friends?
Bitcoin will fail when XRP 👑 takes over 🔥 xrp is the better of the two and does everything Btc can’t. Xrp is the perfect crypto token.
Bitcoin is like gold, xrp is more like the dollar. They both have their positives. Bitcoin will be good to store value, but xrp will be used for everyday transactions and could be widely used by banks.
Fools gold. You better cash out while you can
Crypto is just like diamond, no benefit to humanity, you can convince people to believe in shit and it will happen and will pay for it.
I have bitcoin. But what if. Satoshi has a back door to take it all? It’s suspicious no one knows who he is. No? No one can find him now. How can anyone find him if he takes everyone’s bitcoin. Is this even a possibility? Maybe not but I don’t know the ins and outs of the whole thing. I just know my investment is going up !!
If some genius mathematician proves P=NP, Bitcoin will fail.
A lot of things will fail of they are hacked
BITCOIN ONLY HODL!!!
I have said this for years, Most of if not all current tokens, altcoins, stablecoins, defi’s, meme coins, nft’s, crypto exchanges are all shitcoins & trash. BITCOIN ONLY HODL!!!
Does anyone actually understand how this shit works or we all just gonna speak gibberish and pretend it's legit
8:35 - Why is the word "gun" being audio clipped out?
I thought that was strange also.
chinese style censorship
Joe rogan get Saylor on your podcast
So what happens to Crypto and bitcoin if Trump makes Saylor the Crypto Czar
I own BTC but even I can't drink all this kool-aid.
The guy seems to know everything from Bitcoin. Did someone tell him that the CIA invented the Bitcoin ?
can satoshi hack it?
No. If he wanted to change the code he would need to control 51% of the servers on the planet.
Quantum computer technology eill ruin BTC in the future. Sell it now...
INFTY3 Token is gonna explode anytime soon
Great content, as always! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
This can be faked easy
No it can't . That is the problem that the bitcoin open ledger solved.
The reason graham edited out the word gun is because he wants as many people to see this video as possible. UA-cam advertises your video less the more it thinks your video is "risky"
Coinbit. Mark of the beast. Killuminati
Holy Shit! This guy does not know what he is talking about and he is considered the prophet of bitcoin? I have read the original bitcoin paper and from an engineering perspective it is a thing of beauty. But, this guy has no idea what he is talking about
I'm in a bitcoin etf.....and I still think it's a fuc&ing scam!
so graham stephen says no politics but he acktually is conservative yo?
interesting tacticz
I love at 3:25 what he's asking no gpu or cpu can do a good job it's decentralized so you can mine it on your cpu or gpu... And what about the 3 companies that make shaw256 processors do they not have an advantage? Is that not centralized? How about the 1 company selling 70% of all shaw256 processors
If that's your definition of decentralized then it's impossible to be decentralized..
@crimsonnl2349 the market makes something highly profitable difficult to decentralize that is correct
who gets your USD when you buy a bitcoin? lol
Someone mined it and sold it. From then it's people buying and selling to each other like any stocks.
@@sylvainh2o sure, so what if i wanted to buy 100 billion of bitcoin?
It is possible. Black Rock is on that path
@@tylerrauch4655 as of public numbers of 8 months ago theres 1.7 million bitcoin for sale on the markets out of the over 19 million bitcoins in existence making the total buyable bitcoin on the markets available for purchase at 166.6 billion of bitcoin. So yes it's possible but this would be most of bitcoin people are willing to have out there for sale.
@ once it’s all mined it’ll be done, won’t generate anything.
Better to buy a billion in cocacola
Worthless scam. Waste 😅
Satoshi is here he then made Xrp
Just stop.
ICK your last THREE videos GLORIFYING MICHAEL SAYLOR ? Are you guys completely unaware that he illegally funded his company MicroStrategy or do you guys just not care as long as you guys can ALSO profit off or promoting fraudulent people, products , stocks , crypto, banks etc.
Its 1.8 trillian. He doesnt even know that? Bitcoin is going to fail back down to 30k next year
😂😂😂 hopefully so we can buy more
This guy speaking English ?
This guy's the most brilliant bullshtr or a complete fraud pushing his own product!
Never heard of this guy. Seems like he knows his stuff
He is or was CEO of Microstrategies
lol u serious?
Greater fool theory
Smoke and mirrors for crooks and criminals
DID Michael by his YACHT with BITCOIN. Nooooo! w/ DOLLARS! FIAT DOLLARS=FIAT CRYPTO=FIAT STABLE COIN= FIAT!
This is why i accept buying when under a dollar...