Michael Saylor: Bitcoin Can't Be Stopped, Heres Why
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- เผยแพร่เมื่อ 5 ม.ค. 2023
- In this clip from Pacific Bitcoin, Michael Saylor joins Cory Klippsten for a Fireside Chat to discuss "why Bitcoin can't be stopped!"
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I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments,etc
Buying now is not a bad idea especially now that the current rise of bitcoin is high.
Most profit comes from capital gains from owning a business. It's good to have a multiple streams of income (investments)
What really guarantees financial security is having multiple streams of making passive income
I will tell you how to become rich. Close the door. Be fearful when others are greedy. Be greedy when others are fearful".
My favorite quote at the moment.thanks for ideals
My wife and I are retiring this year with over $6,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year. Just kept buying at low prices.
Love his ability to intelligently ramble a point to clarity.
Is it prudent to buy coins at this time? Despite frequent reports that the market is active, will the price of bitcoin continue to decline this year? When will cryptocurrencies reach their full recovery? To be quite honest, I don't know how other traders in this market are able to make more than they lose in a single year.
I also discovered that many people are still earning six-figure incomes in spite of the present economic crisis; the only difference is that these strategies are frequently employed with success by those who have a solid grasp of the market.
You're not doing anything incorrectly; you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this
@@oscarjiron6974 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@@AnthonyHart34 You may locate "sharon lee casey" using a search engine, of course. But I'm not sure if I have authorization to talk about this. She received a lot of media attention in 2020. She manages my portfolio and serves as my mentor.
@@oscarjiron6974 Fascinated to know, Her credentials are undoubtedly excellent,
Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.
Bitcoin is unstoppable !
But we still need to continue promoting it 💪
Please how do i find a secure online investment platform where a professional trader or fund manager can trade on my behalf and make consistent returns, as i have been holding cryptocurrency for some time and am currently losing money.
@miles walker Thank you so much for the
recommendation i appreciate
But seriously, I think crypto trading platforms really need some talented experts like Annabelle Hartfield for copy trading purposes🤔
2 months ago i was a complete nobody but here i am making money from future trade by using Annabelle signal
Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made in my life was investing regardless of the market condition. I made over 118k.USD with a start up of 39k.USD in the last three months . Trust me guys, it really pays a lot!
The market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
@@gomezanderson1723 Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $350K to $970K in a short period of time.
@@mavisscott2057 I have made quite a stride on my own but How are you able to make that much?
@@gomezanderson1723 It's by ìnvesting in the Crypto market, although I'm able to achieve with the help of my broker; NORA HENDRIX. she's the best....
@@gomezanderson1723 I invest with Mrs Nora Hendrix, she's the best.
Michael Saylor is just great 👍
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles
@@gitamajji5105 Wow I'm just shock you mentioned and recommended Expert Mrs Karen Charles,I thought I'm the only trading with her
@@abbabenedict You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen
I support you 100%
Bitcoin
Reaching escape velocity🚀
As a mathematician, I don't really know how to explain to people why cryptos basically have to work, but it's pretty clear to me. Just like it's clear to me what kind of training data can be used to make general AI smart. There's no way to "prove" that I'm smart though because other skilled people who think they're smart and willing to push and shove their way in front of me have done so.
B.S.
Spot on !! That is a great analogy ..
I'm a mathematician too. That some bs
I wont ever shut tf up bout bitcoin and always educating myself with great minds
Regulation is not 'endorsement', on the contrary
This is just SO good. Watching it and thinking of anyone who is sceptical or hateful of bitcoin makes me smile.. Hahaha
There's no limit to what Bitcoin will do. Michael knows how to drive his point across.
I was apart of the I get it, this is to good, they won't let this happen. I AM A FOOOOOOL! lol
Go Michael !
❤
He quoted Lenin but the text said " Lena" ..
The mother asset which is the brother of Bitcoin is Litecoin. It had a fair launch.
what is the technical difference between LTC and BTC?
By LAEV... If we talk about mining Crypto currencies, my criteria is that mining companies should be regulated to work at times of low electricity consumption... make new blockchains that can only be to mine with energy with low electrical consumption and that is what I mean at night... this way, most likely, the miners will be better distributed throughout the world... by restricting the hours the cost per k/w is going to be very cheap and it is going to be possible to mine in countries where it is not possible to mine today... besides, I am one of those who think that each country should cover the power of confirmations in in relation to the volume of transfers made within each country... and this is only obtained by not allowing the use of vpn or other techniques related to the location of the networks
that is sadly not as simple as it sounds
1.) The issue with the energy consumption has essentially been solved by monero and others by utilizing a proof of stake instead of proof of work algorithm, which uses like 99% less energy..
2.) You cant really proove that someone is from a certain area, at least not decentralized. If you want to "prevent" vpn's, you would have to have some list of ip adresses that are known to be vpns/proxies, which would have to be updated constantly, and so be centraliced (you can also use private vpns which arent known by vpn lists)
3.) even if you somehow implement that, this system would probaply be defeated by someone just 51%ing the blockchani whilst the least miners are active (=its night in some a few countries at the same time which dont have many miners n them)
4.) Centralizing bitcoin transactions per country kinda defeats the point of a decentralized currency and cant be implemented in the first place
in my opinion, bitcoin is f**ed for the most part, because it cant hold the promises that it gives:
- Miners are somewhat centralized due to big mining pools beeing a thing
- The majority of bitcoins belong to a really small amount of people which is quite bad
- whilst bitcoin adresses are quite a bit better than clear names, with a bit of work you can still kind of "identify" where a bitcoin adress is buying something from (defenetly not in every case, but it is possible)
Most of these issues are solved by monero:
-Its entirely anonymous with the usuage of stealth adresses (you dont have a static wallet adress, providing more anonimity)
- amounts paid to wallets are also not readable (some magic which's underlying concept i still dont understand)
- because its actually anonymous, its not listed on stupid exchanges and so, the ownage of monero coins is waaay more distributed instead of having a few holders with lots of it.
@@ItIsJan The critical point of monero is that although anonymity has been solved and how transfers are confirmed, the future of Crypto currencies lies in the political, family and territorial administration. The future of Crypto currencies lies in not being anonymous, the governments of the countries are not interested in anonymity and you know it... I'm going to prepare a more professional answer and then I'll send you the link so you can see my point of view... Because what you want is to avoid double cost, not be anonymous...
@@byLAEV well, one of the core ideas behind crypto has allways been anonymity, and i doubt that the government could actually forbid crypto
@@ItIsJan I'm working on a document called political, territorial and family administration based on blockchain and bitcoin... then I'll send you the link
@ItsJan
Look at this document that is part of my proposal for territorial and family political administration based on blockchain
There are many other POW coins with no central issuer. There are also forks of Bitcoin, some of which actually work a lot better. Bitcoin may be the most popular and powerful commodity, but there are plenty of others. Many have market caps in excess of a billion $, so you can't call them failures either. There are over a hundred POW coins with market caps exceeding a million $ too. While I wouldn't call them successes, you can't call them failures either. Also, some are targeting a particular niche that aren't focused on money or trade (for instance Primecoin).
It's the same with every technology - for example: JPEG is the most popular image format even though it's horribly outdated - technology is a lot about "good enough". Does it mean people use only JPEG? No. Does it mean JPEG is best? No. Are there better, faster, formats with more features? Yes, definitely.
What's your point?
Why don't we have 20 Amazons or Apple or Google? What's the network effect?
Once an idea is out there will be copycats out there, people intuitively know which network to join. For hard money people are joining the Bitcoin network.
POW bad
they all failed, as they can't survive a 51% attack. They don't offer anything, because they are not safe. And that's clearly said in this video, I wonder if you watched it.
@@kosdas you cant really have a system that is immune to 51%'s
The majority dont understand the code of bitcoin so the majority will not be convinced to give up fiat for bitcoin. The key to bitcoin adoption is to clearly explain the code, line by line, and if it really is what some like Saylor are saying then people will adopt
The majority is irrelevant. They don't make any choices. Smart people make choices for the majority.
If you don't understand fiat, or bitcoin, you won't make the investment
If you understand one, or the other, you will.
The majority of people don’t understand MOST things that they use every day. Credit cards, microwaves, heck, they probably couldn’t tell you exactly how a toilet works. So you are wrong. All Bitcoin needs is critical mass, scale via lightning and other layer 2 & 3 protocols and a failure of the existing fiat system. And watch how fast everyone will switch. It will be “Blockbuster bankruptcy“ fast!
There was a time the Airplane was not well adopted or received however what changed peoples perception was time not understanding that changed that, people fly everyday without having a clue about how planes work or it's technical functionality and while fully understanding something is of course beneficial, it's not at all required for adoption of the technology and so with this in mind, your theory is somewhat flawed IMHO.
You're thinking about this from the wrong direction. Bitcoin is just a financial tool. Eventually, only the richest and smartest will have it, and they will become increasingly more powerful politically and financially. Some day in the not so distant future, nobody is going to want to hold fiat when they can hold bitcoin instead. They will want the "best" commodity for the job: which is holding value, staying secure, and easy to liquidate.
If someone like him bought >130k Bitcoin there is no reason YOU don’t.❤
Trust the path.
Regulations would help Bitcoin legitimacy!
how would you implement a regulation? Also that kinda defeats the point of decentrilazation
Whatever may be the view point on Bitcoin (and alt coin in general) in my humble opinion the bottom problem isn’t understanding or not the code/blockchain,nor the practical use of them, nor the adoption of them. More plainly is something way more rooted in humans: greed and fear. All mixed and well stirred with an extremely centralized devices productions, power grid, regulatory system and major institutions involved in the game. People debates over the “product” but do forget considering who own factory and tools. Just my two bits worth on the matter. Air is free and there to use for everybody, but if we are living in a AC room, air remains free, but the system decides all the rest. Cheers
Bitcoin sucks. Period.
very long period... my friend. It's working perfectly for very long period. If it had any problem, it would be dead by now.
Michael Saylor orange pilled millions of people
Sayler is working overtime to promote Bitcoin. Trouble for his credibility is he was doing this aggressively when 1 Btc was worth $67K, & its now fallen to $16/17K - there are a lot of casualties along the way.
Cryptocurrency is a belief system on a par with organized religion, so it doesn't matter to the adherents whether the facts stack up or not.
Banned? No. Successfully attacked? No. Widely adopted? So far, at least, also no. I am not sure that will change in the future. I will never have use for Bitcoin, except for speculation on the price. Every single person I know will never have use for Bitcoin, except for speculation. I've worked in other countries, with my money in bank accounts that I felt were not totally safe, so I can see some people wanting a better option than their local currency. However, when I Google bitcoin usage by country, every single hit is "crypto", not "bitcoin". Will those who can truly benefit from bitcoin ever see the real advantages of bitcoin? Especially with the price of bitcoin fluctuating so wildly?
If BTC is made as an asset the saylor will the richest man in the world. Do you think they will give him control !!!!!!!!!!!!!!!!!!! . If you think the govt cannot shut it down you must be living under a rock.
can you elaborate further how the government would shut it down?
can you elaborate further how the government would shut it down? can you elaborate further how Saylor can have any control on Bitcoin? Do you know ANYTHING about how Bitcoin works?
WRONG IT HAS BEEN HACKED
Didn't his company almost go into bankruptcy last year?
The guy would make a great politician.
Give yourself a hand if you bought at $60k and now cost average down on a get rich quick ponzi scheme hoping that one day you can sell to the next fool to get your money back.
You are the fool for not understanding bitcoin.
You will eat your words in 2030-2040.
Bitcoin is a freedom technology like the Internet.
It's funny, how these guys will buy and promote Bitcoin all the way down to ZERO...!!!
Quite a fall from uo high if they stop doing that
No, but they'll promote it all the way up until the dollar falls to Bitcoin and then they'll realize that Bitcoin has no home country and some of them will think twice, but most will continue on without the U.S.
Certainly it can be stopped
Not a chance.
It's absolutely impossible to stop Bitcoin. It will slowly buy surely consume the whole economy, and later, governments and law.
If all the states and lands turn to dictatorial, then will be extremely slowed. But in such a world I don't want to live...
Do tell us how.
@@davidhidvegi4417 It is an impossibility that all states and territories would collude to ban it. If US ban it you can bet, Saudi Arabia, North Korea, Iran, Russia and any other country willing to take an alternative stance, would embrace it. Pure game theory
Yeah, how? Sure purchases can be made more difficult.
Bigger problem only 21 million Bitcoin will ever exist. 8 billion people and growing on the planet. Merchants simply won’t accept it and many governments will ban it.
well, transaction are supposed to be powered by transaction fees, which i doubt wil work. thats why monero is better :)
It's already been stopped. This is all hype.
BTC can be stopped by the ESG.
ETH is wind
BTC is coal
We're you sleeping when the bank of WEF that is black rock stopped ESG funds..
Somebody else will always be ready to mine and ensure btc network running..the esg cant afford to check everyones basement or secret mining facilities 24/7 around the globe
lol, BTC doesn't need ESG's approval
BTC is digital gold
ETH is an unregistered security that is censored for OFAC compliance
It cant be stopped by anything or anyone, if enough miners switch off, I will mine using a GPU in my garage. Thats the beauty of the maths. Understand, it will never go away.
@J D You would need a wall of GPUs to mine due to difficulty... meaning you would pay an exhorbant cost per month. Why do you think miners are capitulating? What do you think is going to happen in 10 years when it's even more costly to mine? Lolol. Btc isn't going to really do so well to say the least.
It is a freaking scam.
Prove
lol, who is the scammer and who is the scamee?
Everyone who says this tends to ignore the real scam: central bank currency. If you're not in Bitcoin, you're being scammed by the central bank.
@@SAL-fs1mr bitcoin is far bigger scam than fiat is 😁
cryptos are not a scam if they have intrinsic value, which they have when they provide trading function which other currencies cannot, which they do, therefore they are not a scam/ponzi