Everyone Is Wrong About Bitcoin: “Have Fun Staying Poor!”

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  1. -Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/1llsVWJWzUd6PIuwgkSY8GsdstP702S4VElSIGmmw4Lo/edit?usp=sharing
    -Get Started Today and Sign up for Experian Subscription Cancellation and Bill Negotiation by visiting http://www.experian.com/save or by downloading the Experian App.

  2. I think with Blackrock, Vanguard and Fidelity all vested in BTC and Eth the chances of it going to zero, is zero! They have Billions of dollars invested in BTC through their ETFs. Munger, Schiff and Buffet are extremely intelligent individuals but they are dinosaurs who do not understand or refuse to understand the technology. BTC is gold 2.0 and it is the greatest financial technology of our lives (once more you may not need the word financial in the statement)!

  3. bit coin is only worth money cause people say it is. its 100 percent fake and made up type of currency backed by nothing but maybe the dollars that people bought it with. imagine how great the dollar would improve in value if they just wiped bitcoin as illegal world wide and it just vanished? Shows you how fake capitalism and value is. Making millionaires out of nothing. bitcoins literally made up digital gold and they fianlly got the rich invovled so they can control what was supposed to be uncontrolable.

  4. More CAN magically be produced, its just source code, change it and you can mine forever. The same cannot be said for gold, so the scarcity for bitcoin is very superficial

  5. Its just source code, in the end theres nothing that says it will be capped at 21 million. For it to be useful as a currency miners will need to be paid

  6. Reef Chain is a blockchain platform designed for DeFi applications, offering high throughput and low transaction fees. It aims to provide a user-friendly environment for developers to build and deploy decentralized applications

  7. It is unregulated, no insurance and full of scams and money laundering. It’s a Ponzi scheme at best even if it goes to $1 million. Look at tulips. 🌷

  8. he bassicly spent 16 min talking but in the end he didn't say anything. this guy is just click bait. waste of time. thumbs down. Bitcoin had substantially increased my wealth, no other asset would have come close. im glad I understood it early and made the switch.

  9. They should put their money where their mouth is, lets see these "experts" short bitcoin with a 200$ takeprofit target. My bet is that we would see gates, buffet, jamie and all the others have a permanently booked "where did it all go wrong" meeting behind wendys


  11. Freedom from traditional financial institutions is both the draw and the potential fault of BTC. Right now, while our (USA) government seems to be a runaway train with representatives not representing us and a Fed that seems to have no real idea for how to slow down inflation (hint, it's corporate greed) I'm very in favor of a decentralized store of value.
    Charlie Munger et al thinking it's worthless only makes me want it more. They're part of the 0.001% wealthiest people in the world. They are threatened by a currency that they can't control. They've stacked the economy and government for themselves and decentralizing financial markets threatens to take all of that away.

    At the end of the day, something has value because others are willing to pay for it. Whether it's trading chickens for goats, beanie babies, trading cards, or US dollar bills, all of it is only as valuable as what someone is willing to give you for it. The value of the dollar is sinking like a stone (compared to productivity and true purchasing power) so as far as I'm concerned, I'd rather have a mathematically backed currency instead of a politically designed one.

    Edit to add: The wide swings in value is a big stumbling block that I don't think will go away until it becomes easier to trade person to person. I can venmo someone 10 dollars, but it's a little harder to share BTC still. Once it's easier to share, I believe it will stabilize. I'm expecting somewhere between $150k-250k per coin ultimately, but I'm no expert. I just know that it's far too big of a potential upside to not put some money in.

  12. Bitcoin and the currency bitcoin is simply a piece of software. That's it. I wish I could have invested in Microsoft a long time ago too. Bitcoin, the protocol is open source. HELLO !!!! you can see what's running it. That to me says it all. It's transparent software. I believe it was created to simply show that it could be done. Satoshi is laughing all the way to the bank. It's people that are propping up the price of it, and it's inherent value in serving as a software to do value transfer. So it's certainly not worthless. I have some. I am not a fool. But I don't have much invested. It's already gone up 1000 times what I paid for it, many years ago, so I sell it as I need to. I am eeeking out a profit. And I have done quite well doing that. I think BTC will go to US$200,000 in the next few years, and then crash back down to US$100,000, as people take profit, as fears of it crashing, cause more fears of it crashing, which makes the price drop. I think it's great that something like a piece of software can cause such joy and pain, and it's not even an Ai coin !
    ( artificial intelligence )

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