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Buy Kaspa instead
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Who killed bitcoin? Part 1 Documentary
Investment people do not understand the full utility of bitcoin, it monetises all data using bitcoin with teranode. It is not just a brand call btc. You are all on the wrong network. Once you understand the whitepaper and what is to be it will blow your mind..
I know you big fan of MSTR, what do you think about Tom Lee and his BMNR stock??
Bitcoin is a hope and a prayer that real money can survive against the full force of the money printers. They’ve got a head start. Pray hard and run a node. Knox.
What if I yolo all of my money into an out of the money 0 DTE call on a 3x leverage Bitcoin ETF?
This is how I see bitcoin as well. When I talk with people I explain they need to look at it as a long term savings account.
If it’s not an investment and if it develops downwards over time why buy it? What value does it offer in my day to day life?
https://youtu.be/H4iPOR_XFxM?si=vil0tHlAEtvAYPed
Bitcoin has been hijacket. Part 2 Documentary
BTC is an investment until the point that it is adopted fully and replaces whatever currency it is being valued in.
IN THAT CASE, IT’S THE HIGHEST PAYING SAVINGS ACCOUNT EVER!!!!!
DCA BTC. Win.
If the FIAT standard did NOT arise due to several factors then there may NOT be any need for the Bitcoin money protocol to be created and developed to today’s standard.
It’s not an investment?
Finally someone gets it!
All the bustling in the world is for profit,all the crowding is for gain.just holding without buying or selling?think about tulip holders.
Great video
Bitcoin is King !
An investment has an (expected) return. Buying something because you hope to sell it for more later is not investment but speculation.
Its digital gold = 3k
New subscriber here great video !
Glad I have some, wish I had some more
Well said—thank you for sharing. I really enjoyed this content; I liked, subscribed, and commented. I share similar views on BTC.
I think it’s basically like Gold is use now. You don’t spend it for coffee or dinner but you exchange it for fiat if you need it later. It’s just like digital gold and arguably better since btc has a better growth. I think you should own both. Also own stocks too and max out your Roth and stay debt free. It’s simple.
Thanks for relating Charlie Munger quote ; show me the incentive and i will show you the outcome. That is a great way to show why Bitcoin has become so successful, so quickly. Everyone needs a way to store their enery for the future. Otherwise life will never work out well. Bitcoin just does this better than ever other way. ❤ Housing works to some degree but not great. Gold is good but its not exactly easy to hold and transport/ transfer. Cash is trash at it. Its just simply when you just rationalise it all out.
Eventually it will become more convenient for companies to compensate employees in Bitcoin than in fiat.
Bitcoiners can say whatever they want, label it however they like, but Bitcoin is a decentralized protocol, and for this reason what defines it is the use people want to give it.
And what is that?
A store of value. The very same Bitcoiners are the ones destroying Bitcoin’s P2P dream.
Bitcoin is gambling.
It’s still an investment me. You are investing in your future. It’s growing at 30-40% a year. 😂
Yeah I look at a savings account as another investment. How good its rate of return is depends in part on the interest rate you’re getting. But that goes to your second point: the utility of a savings account is also personal. And in asset character it shares at least one trait with BTC in the sense of just being numbers on a screen for most of us.
https://youtu.be/H4iPOR_XFxM?si=vil0tHlAEtvAYPed
Bitcoin has been hijacket. Part 2 Documentary
Yes and no. Nothing is guaranteed in life. Even giant companies in the past have crashed. It is true that Bitcoin is different. But the only reason Bitcoin has value is because (right now) people believe it has value. And that could change in the future. Let’s say, another crypto becomes the official crypto of the US. Or let’s say another crypto announces that they are only producing a million units. Anything can change. Bitcoin currently looks like a good investment, but it is always important to spread risks and not put all your eggs in one basket
Great explanation. Can you share your thoughts on bitcoin ETFs like IBIT
So this invisible internent token which price depends on the bigger fool is savings account. Got it.
Totally agree with this! For me, Bitcoin feels like the safest savings account I could ever have. I just put a little aside each month from my taxi income, and it gives me real peace of mind knowing I’m stacking for the future. Thanks for sharing this amazing content. 🙌
This is EXACTLY why DCA works so well! I’ve never treated Bitcoin like a stock. I’ve been saving 25/wk + extra here and there since 2021 and have no complaints! It’s a super high yield savings.
I do both. 1 account as investment and another as savings account.
It depends on your definition of a savings account. Most people in America see a savings account as for short term savings but due to Bitcoin’s currently volatility it’s better to use Bitcoin for long term savings currently. People in America typically use their retirement accounts and brokerage accounts (invested in assets long term) for long terms savings, not a savings account.
Bitcoin fools gold
Good example of the bigger fool theory!!!
Kaspa is much better bitcoin is slow like a 🐢 Kaspa is fast like a 🏎️
Bitcoin is not money since it is not used in a generalized way worldwide. You cannot live your daily life exchanging satoshis.
Another important point is that Bitcoin is not prepared to handle the global transaction demand. L2s do not provide fees to miners, so they do not strengthen the network.
Bitcoin "naturally" found the store of value narrative; there are no real motivations to move and exchange it.
Solid information.. great video.
Only issue with your theory is what if I put a $100 a week in Bitcoin for 2 months and Bitcoin is at 120k to 125k then it collapsed down to 100kand my roof goes out and I need to pull the money out for the repair for a loss. Sounds a lot different the if the money was in the bank and I can pull all my money out with no loss.
Great summarisation of why bitcoin is a savings not an investment. As a newbie I was wondering what exactly is the difference between the two. Now I have much clarity!!!
This is bitcoin in theory, but in reality it’s far too volatile to be used this way anytime in the near future, not to mention you can’t directly use it to purchase much of anything.
I’d rather have an updated, newer, faster, more utility driven crypto as a savings account. Why will people want to stay with the clunky dinosaur crypto that is slow, expensive, and old? Bitcoin holders only want to bolster up Bitcoin to use people as exit liquidity. It’s like comparing the first Wright Brothers airplane to a modern Air Force one. Why would you go with the former? I know I will piss a lot of Bitcoin Maxie’s off, and maybe even some uneducated Bitcoin victims, but I don’t care. It’s a bull shit situation
HYSA (High Yield Savings Account) Will always generate more yield than a traditional savings account . Not disagreeing that bitcoin is a great investment long term but thats what it is an investment because the volatility is still there .
😀
The problem with this is that traditional (fiat) savings accounts always go upwards. Bitcoin can go down in the short term.
Here’s a question about Bitcoin. If the total available is 21 million, what is to prevent the govt from simply declaring that additional bitcoins are now available or soon will be? What if they just raise the number of bitcoins to , say, 100 million or a billion. What I’ll stop them? Will Satoshi show himself and just say no? Just like the govt prints money out of thin air, can and will they just declare that there are more bitcoins? What will stop them if they decide to do this? Bitcoins are not like physical gold where there is a limited supply.