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Hey Jeff.. first of all I am a big fan of yours and admire your work and
all the efforts you take to keep people informed. But let me tell you
that there is something wrong with all the cryptocurrencies and what
they have in common with the fiat moneys of this fake world: they lack a
fixed and unchangeable value. There is a fixed amount of btc that ever
will be available but that's not the same. In fact that is one reason
why you get richer every day just be owning btc. You stated out that the
USD lost about 99% of its value during the past 100 years (since the
creation of the Fed) and yes there might be no financial elite that is
able to manipulate. But what happens with btc is all the same just the
other way round and with different actors taking part in it. They claim
the forex rates are reflecting and mirroring the value of the 'market' -
what exactly is that? And how is it connected? How is the price of a
loaf of bread concerned to it? In fact it isn't and it never should. If
the quality and the quantity of that loaf of bread does not change - its
value should not either. Let's say one loaf of bread is worth one unit
of any 'whatsoever called money' then it should be like that today as it
was yesterday and also should be by tomorrow. Real 'money' and I mean
real as in real has no own value but is just meant to be a tool for
exchanging goods, services, anything that can have a value. As you are
mentioning parasites in your steemit article - bitcoin as it is just creates new and
Ok, I just remember when I was 18(5 years ago) I heard about Bitcoin and people were saying to buy it but I didn't and I'm regretting it now. I have never bought stocks before and looking to get into that soon. All these young people around me waste money at casinos and drugs and quick thrills and instant gratification. I would be lying if I have never done that lol. I just want to make some investments that will or could benefit my future and take that money and invest into good things around me that help people (off grid living and free energy).
Hey Jeff, appreciate all your work for the community, love the podcast. Not trying to beat a dead horse, but just wanted to respond to some of the messages below that seem to associate central bank regulation with "something backing it up" notions. Since the repeal of the gold standard under the Nixon administration, the USD has been reduced to the functional equivalent of a POKER CHIP. A $100 poker chip intrinsically has no value, unless the casino is there to give it value, then its worth $100. The US is one big casino, with the Fed acting as the chip supplier. In fact, the only thing that keeps the value of the dollar afloat, is consumer faith. No one wants to face the fact that all their converted labor is worthless, and other means of exchange are not yet sanctioned, so we all willingly participate in the delusion. The crypto/decentralization movement utilizes the same concepts of public consensus, but each project is laid out transparently for their supporters/consumers/investors to audit and research openly before buying in. This market dynamic is pushing the old systems of stock exchange trading into antiquity before our very eyes... history in the making.
Late to the party here but I bought in heavy around February 2017 and.... I'm smiling :) I missed the massive run up to Eth but recently swapped a BTC (which I have already made more than a clean double on) straight to Eth. Now I'm into both.
The only reason Bitcoin is going up is because China is creating a bubble. Just like the other 100 bubbles they've created, entire empty cities in China. Bubbles in Vancouver, London, Los Angels and on and on. Everything they touch becomes a bubble and will go to zero. Buy crypto short term but it will collapse because of Chinese buying. Just my opinion.
"scam" Im so disapointed, I liked you channel a lot and im very interested in bitcoins its been few years after this video you told people to click down below to get 50$ in bitcoins and i had the pacient to watch 4 videos with all i already know watching your videos and more to 45 minutes later find out id have to spend money to be able to get te 50$ you promissed, im disapointed a guy like you wich says that has companies and hundred of millions misguiding people into tricks like this or selling books, i think u should just give this bitcoin info for free the more people know about bitcoin the more the bitcoins you already have will go up in price,selling books and promissing false 50$ for atention and get people to spend money subscribing is not the way mate, just makes you look like one more scamer.
I didn't see a bomb go off. The amount of camera phones would catch this. They don't think many people died on 9/11. They have photos where they think it was a lie. It' time to attack the jews. I think they are going to blow up something soon and kill thousands. This stuff is being done for a reason.
You completely missed NEM, it has had 10,000% gains in the past 3 or 4 months and is still bullish. Because it is proving to be the best and unique blockchain tech. Nem was released in 2016 and is so good it is already in 4th place in market cap.
Jeff, isn't this merely a parabolic move that will end badly? Why do you think that a cryptocurrency is any more substantial than a central banking currency. Neither is backed by any real assets. At least a central banking currency is backed by a government to some degree, conversely a cryptocurrency has no backing at all. You were absolutely correct to buy Bitcoin, but I doubt this is a long term hold.
Good point! It is basically backed by no real hard assets. Just like the currencies of central banking governments. What the world really needs is a currency backed by hard assets, ie gold, silver etc. I do not see how the move in Bitcoin here is any different than the parabolic move that many stocks have right before they crash. Stocks though are at least to some degree are back by earnings, assets, board of directors etc. Bitcoin is not backed by any of these things. It is a great idea and a useful financial commodity, but I am not sure the big run it has had will last much longer. I do not see it as a long term hold so be careful it that is your plan.
bitcoin is simply a global distributed database.
its back by computation and energy - the 2 fundamental aspects of our universe.
anyone can start there own version of btc. however, you need lots of computation to protect it from hacks.
Great coverage. The bitcoin link does not work hower. Signed up, got an email, which takes me to a message that says I am activated. But no video where I can claim my 50$ worth of BTC!
edit: the second email with video link just arrived
Something strange happened to me yesterday. Last time i said that Pringle and Moreno were not accessible. After a long search i managed to buy Moreno but only after long waiting for the supply being filled again. Then suddenly it got filled up on all the crypto currency they were selling so (after verification of my Bank account ofc.) i bought some Moreno. This all took about 30 sec for the order to pull through and payment received.
Now this is the strange thing. I went back to check on the Bitcoin or Ethereum and already they were sold out. OK then some more Moreno, ALSO SOLD OUT. I started checking every currency they had and they were also sold out.
This Crypto Exchange was raped. Nothing left. Never ever did i experience such a thing in the financial market.
I do see now that the accessibility of the currency is determined by the Site you are buying it from so i stand corrected on what i said last time Jeff.
You're not sorry about anything Jeff, not your CIArypto shilling, not your Jubilee fear porn subscriber push, *yeah let's see if you mention this comment next podcast*, not the dishonesty over online physical gold trading platforms, not anything.
You're right about something, yeah, the price rise is insane. But somehow that automatically a good thing.
Use your brain before accusing someone of something. He bought a lot of bitcoin when it was pennies. $50 worth of bitcoin today was probably $0.0002 when he first bought it.
Ride the wave or cry later!
WAIT! STOP! don't you know bitcoin and cryptos are a trap set up to enslave us further? Sure, that's why on May 18th, H. R. 2433, the "Homeland Secutity Assessment of Terrorist use of Virtual Currency Act" was passed by the US Congress, exactly around the time of the "Wannacry Ransomware" fiasco. What a coincidence! Just like the "Patriot Act" the Bill was already neatly drawn up and ready to go.
Like they did with the internet in the early 90s, they want people to associate cryptos with criminals and illegal activity. That's because they DON'T want them gaining worldwide acceptance. With cryptos gaining attention and many dumping the dollar, it's just another way for them to lose control.
awsome jeff. have been following you for a year now and have just started to get some money to invest thanks to steemit :) and I will take the advise to move from cold Sweden to Mexico. Like Latino women more than asian ;)
Jeff your work is amazing. Keep covering crypto currencies. You have shown me what a true free society is. You and others have helped free me from the indoctrination that has been pushed upon me all my life. I have a youtube channel on this account that I want to make more like yours. Keep up the great work!
+Kevin Another alternative is to put all your monthly wages into bitcoin then live for the month on an interest free credit card. At the end of the month you withdraw the funds from your bitcoin to pay off all your expenses on your card before it starts to charge you interest. By then the value of your wage in bitcoin should have increased so you would have leveraged your money and made a small amount of profit. Rinse and repeat. (Assuming that the value of bitcoin will always be greater by the end of the month then you can repeat the process indefinitely and watch your bitcoin grow)
+Sarah Davis you can just purchase some altcoins that are dirt cheap and when they increase in value you can flip them for bitcoin, it may not be much but you can keep doing it to accumulate bitcoin, I am from a third world country and i flipped about 50$ into over 1000+ in a few days doing so
Should get WAY easier though when we have segwit and lightning. Imagine near zero fee instantaneous sub-cent microtransactions from any cellphone! All using a common worldwide currency. Want your privacy too? No problem. It will be at this point I'll recommend everyone in my circle to switch (I'm in Mexico and they all use constantly devaluing pesos! but what option do they have? that is, until now!).
"I love bitcoins, but this is too far for something that isn't very user friendly to the general public.".....The internet didn't seem very user friendly when it was first came out, but now most 5 year olds can easily surf the net. Buying, holding, and trading Bitcoin and other cryptos is actually quite easy once you put forth the effort to learn, and it will get even easier in time.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.