Hello, I’m sorry for interrupting, but could I ask for some help? my OKX wallet has USDT TRX20 with the recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). How do I send it to Poloniex or OKX?
Oh Dear Sven I like your approach regarding Bitcoin… at the end of the day it’s indeed highly speculative asset it’s not a magic item… however you will be dealing with Bitcoin maxis after this video that strange crazy army or I shall say sect of people😊
@ probably not but it is better to buy low (fear) and sell high… well current situation in Bitcoin is far from being low 😉😀 so if anyone wants to buy BTC in these price levels welcome… But I will wait for better valuation
I know about this "crazy army" I deal with them all the time. Not everyone is like that. This is like the not all [insert minority here] is bad all over again. Every time there is a new boom it's always shot down by traditionalists, people are slow to accept change but it is inevitable....
Hey, I know you’re busy, but could you spare a moment to help me? I have USDT TRX20 in a wallet with the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Could you explain how to move it to Poloniex or OKX?
Don't buy Brazilian stuff until the government sorts their expenses, right now the currency is losing too much value against the dollar, better to wait
Excuse me, can you please help me out with an issue I’m facing? My OKX wallet holds USDT TRX20 with a recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How can I transfer it to Poloniex or OKX?
Bitcoin was a great proof of concept. But not a finished product. it isn't used that much anymore for normal transactions. It has been replaced by other coins for that usecase. So the main use case of bitcoin is now just speculation.
Hello, could you kindly help me out with this situation? USDT TRX20 is in my OKX wallet, and the phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). How do I transfer it to Poloniex or OKX?
@@Amwatson801read the bitcoin standard. Any opinion for or against without reading that is simply an ignorant opinion. Almost everyone that actually reads it ends up buying bitcoin
@@Jon-lv8dc Does the bitcoin standard include a cashflow statement? Without it, it is just a fairytale. If "almost everyone is doing something", that is usually a pretty compelling reason to do something else.
I still don't get this " it's limited supply " statement they make. It's decimal based, so can simply be kept being divided by 10. Please, someone, explain if I'm wrong.
@@johnristheanswerthink about gold. Is it limited? Now it has every day, month and year new undetermined supply discovered. Bitcoin has a limited programmed supply that cuts half every 4 years (halving) with a maximum 21milions. Government print fiat as they need or like. Bitcoin is predetermined. It's like talking about 21mil of old 1500 gold coins that can be traded, divided, spent, sent but never counterfeit like gold coins.
It's limited supply because the code says so. But the code was written by humans and well if enough humans change their minds, that finite number is no longer finite.
Its a non productive asset. Its something you could easily place your Mad Money into. Speculation on max steroids. And how do you know, you aren't the last fool. Thanks for your input Sven.
It‘s meant for saving in the long run - we lost the function of store of value in fiat money - supply gets constantly diluted through credit - leading to expansion of the money supply and different forms of inflation down the line - asset price inflation, commodity inflation, cpi etc. Liquidity creates a demand for supply - so people want to have currency that also has value storage attributes, something that cant get overly inflated in the long run
The main difference between bitcoin and other coins is that bitcoin has been accepted by the crypto and many in the investment community as a legitimate coin. Anyone can make paper money too, but nobody will accept ones that you and I made. The reason the U.S. dollar is the primary currency for international trade, because it is perceived as valuable and stable. As the price of bitcoin stabilizes and becomes less volatile in the years ahead, bitcoin holders will be able to borrow against the bitcoins they own. It's already happening.
XRP will be the only coin that will earn revenue, Japan has said they will replace SWIFT with XRP, do some digging on how much SWIFTs revenue are each year, you may ask why replace it? XRP settles financial transactions in 3-5 seconds vs SWIFTS 1-2 days …. No brainer …. Bitcoin and 99.9% of other cryptocurrencies have no revenue and will never have revenue, this is the major difference that you need to attention too. Why hasnt it run up you may ask? Because they are currently in litigation with the SEC who just lost in the lower courts and has now appealed….. once that case settles expect an explosion to Ripple and XRP
This is my concern as well. It must reach a stage of equilibrium if it’s to become a utility. Will it be as attractive if the USD is not the comparison benchmark? So to what end? What happens when it reaches a million dollars per coin? Will anyone want it? Or should a new form of bitcoin be issued as you t is finite? Anyone?
Thats just nomenclature and the fact many use it as a basis for evidencing that it the purchasing power of the USD is weakening. Same as Gold. Do we say gold isn't a thing because some price it in USD? That's a silly basis to dismiss something. Like a weak gotcha. It doesn't detract from it's use case as a debasement hedge, it evidences it
It's not Bitcoin going up due to supply and demand, it's the other currencies going down. You have mentioned the USD losing 95% of its value over the last 100 years. Is this the stabilization of currencies that we desire? How great of a return is 10-15% a year from stocks if it is relative to USD, which is debased at 5-6% per year? Not to mention S&P average returns, which again, barely compensate for the USD debasing?
I don’t think people buy gold mostly to sell it to someone else for more later on. BTC is in a flux today, but people understand that they do not wish to sell right now because it’s simply a store of value. Sure, it may be up for speculation right now but in the long run, when it’s at 1 mio +, the value will only compensate for inflation and that’s where the store of value comes in most.
Bitcoin is on a need to know and you get Bitcoin at the price you deserve. I wonder what these Value Investors will do when the companies they own start buying Bitcoin for their treasury rather than giving out dividends?
I have put in the effort and understand it. I will admit, it’s a cool application of blockchain. unfortunately bitcoin isn’t a store of value and will never replace the dollar, and I won’t be contributing to anyone getting rich on something that is worthless to me if I get stuck with it.
Thank you Sven, glad to see there are still people that can look at reality and see what it truly is. I agree that bitcoin is a great idea, but if you can’t value it then you can’t really make a true investment.
Sven, I wrote 3 years ago under one of your videos: "Bitcoin is a deep value play once you get it" You replied: "could be, be I don't get it :-( " Happy that you are picking the topic up again. I would argue that one book is not enough to fully understand it. There is good literature out there based on Austrian Economics which I would recommend. Historically, Bitcoin has been a fantastic asset IF you have the stomach for the extremely high volatility and can blend out the noise from people like Saylor and co.
@@Pistenferkel007 Irrelevant. That's the price the sequence of fools is willing to pay today, until there is no fool left. I am asking about the actual value of the "asset".
I've been looking into cryptocurrency investments, but I'm still unsure about the best and safest way to go about it. Any advice or insights you could share?
believe the Bitcoin ETF will be life changing opportunity with my current portfolio of 132k made from my investments with my personal financial advisor < Mrs Grace > I totally agree with you
The problem with BC is the cost of the transaction. As the price goes up, the newly limited issued BC will make mining happy. However, if the price falls or there is no more BC to issue (they say it is finite, right?), then the cost of the transaction would be substantial, unlike fiat currencies. So, one should ask: which is worse, the cost of transactions or the cost of inflation in fiat currencies? I still dont see a valid argument for expensive BC transactions.
Sven, what if… 1- Volatility is an opportunity to make huge returns. 2- illiquidity force most buyers to be holders rather than traders. 3- Bitcoin is a “Brand” and it has value as such even if there is thousands of other coins. 4- Being digital appeal for larger audience than gold. 5- Decentralised, Safe, Transparent and hard capped. And being SYRIAN/CANADIAN with two horrible currencies it saved my wealth from being decimated by the devaluation just by allocating 10-20% of my portfolio in BTC. It’s risky but everything has risks and you allocate accordingly.
This is why I don't worry about the American dollar. For all the angst and anger we throw at the U.S. Government, they are still far better run economically than almost any nation on earth. All these nations want to undermine the U.S. dollar like Putin, while he's starting wars and wasting time. If Putin really wanted to unseat the U.S. dollar or China, then it's about becoming the most open, trusted market on the planet with the rule of law and stability and prosperity being the priority. If you can't provide that, you have little chance of replacing the dollar.
But you could allocate to assets in USD and that saves you from CAD risk without playing the greater fool game on BTC. If BTC was like JPY or EUR or CHF or any other currency, and rise in value by so much, nobody would be defending it like people are defending BTC. Also, its decentralized nature means that the minute it starts threatening governmental power, it will be banned.
@@kingpooh6429 I mean that gold can be used in electronics or jewelry. IMO, the btc network can have an "intrinsic" value but not worth trillions at all, that's why I think it's a bubble.
Why are bitboy so obsessed with intrinsic value lately. Bitcoin can’t be valued but it can be priced just like other currencies. I thought you all think of it as cryptocurrency. If it is a currency then its value is also the same as what you all think of US dollar ,which is 0, it is a medium of exchange that gets pricing through currency exchange. It gets higher price just by limit supply and more people want to buy and that is it. If you remove those 2 criteria, holding bitcoins gives you nothing just like holding US dollar.
@@thanajiraratana3161 One key difference is that other currencies like US Dollar is backed by governments. If it wasn't, it would be worthless (like monopoly money or bitcoin). Bitcoin pricing : greater fool theory us dollar pricing : government trust
Great video Sven. Alas I doubt the bitcoin community will take any notice. I personally believe that bitcoin should be viewed as a commodity whose price is driven by sentiment - fear and greed. As value investors, it may be worth studying its cycle and buy in troughs when no one will touch it with a 10 feet pole and sell it when everyone is convinced that it will hit ridiculous new highs. I would definitely not buy and hold forever.
I don’t know if I agree with your take of it dying eventually. It could still be used for transactions at that point so what do you mean it’s just dead?
who uses bitcoin for transactions? the mafia? putin to move his assets out of Russia? The transactional utility is barely there because of the volatility (not saying there's not a couple of people that transacts with it but i mean come on bro that's rarely the case), and dont get me started on the transaction fees which are huge....
Dead as an "asset" that can provide value to its holders. If Apple was trading at 1000x earnings, it could keep doing business for centuries and still be dead as an asset for shareholders (negligible dividends, negligible buybacks, monstrous valuation risk). At least with Apple you have some earnings to normalize by and keep things grounded (to some extent...). Bitcoin doesn't produce anything, so it is only alive as long as there is a greater fool available.
It could be used for transactions, hence you should transact 100k to get one? I am using this keyboard to transact words with you. Wire me 10k and it is all yours 😂
Bitcoin can be used in transactions, but it’s very limited in the number of transactions it can do and basically isn’t practical for day to day use by ordinary people. When no more fools are willing to push the price up with their hard earned money, who will want to have their savings tied up in something that provides no income and is not even something you can show off. Once it starts a significant down turn, there is likely to be a panic of people trying to cut their losses.
sadly Sven didn't understand that the BTC supply is limited to 21 million and is embedded into the code. therefore it cannot behave like a Ponzi scheme
One good value-growth stock would be interesting to cover is Evolution ab, market leader in online gambling , growing very fast but stock declined recently on some news
Thanks for the informative video. I think BTC and ETH are more likely to retest the resistance on the upside and then head lower. But as always, the situation changes every day, and all we can do is act responsibly, monitor the markets, and reassess our strategies frequently. I want to thank you, Caroline Suzan Olson, for giving me crypto education because I have comfortably earned 6.7 BTC. 🚀
I know this lady you just mentioned. She is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I'm new to cryptocurrency and don't understand how it really works, how can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a newbie investor, you must have a mentor to hold you accountable. Caroline Suzan Olson is my trade analyst; he has helped me identify significant market trends, pinpoint strategic entry points, and give risk assessments, ensuring that my trading decisions are aligned with market dynamics for maximum returns.
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Great video Sven I agree on what you say but Bitcoin is also part a culture of people being against/afraid FIAT currency. That is constantly being printed and consider Bitcoin a ´safe´ store of value, but in all fairness they are winning at the moment and it will probably go higher. I do have faith though in this blockchain technology what could revolutionize global trade, especially in stablecoins what is growing exponentially in Africa and Latin America.
On the contrary, the higher bitcoin goes the less likely it will be used for real transactions. Why waste it to buy a pizza or some random other stuff when it could surge even higher tomorrow? Everyone is just buying and selling the speculations of it going higher and then use the proceed IN US DOLLARS to buy their stuff.
I am also a believer of the greater fool theory and I saw a couple of my friends make millions in Bitcoin in the last 10 years, some of them now have big portfolios of properties and hotels, and a young man I know personally sits on a 50 million bag plus property, I am due to my fear still investing in stocks with strong fundamentals and getting return of 15-20 % /year sometime less, I also saw my portfolio dropping with every correction,I hope to see some extra zero at the end of my portfolio in 40-50 years if I will be alive, we believe in it or not it will not make any difference to the people who accept change and adopt it, only they can get exceptional returns
Some food for thought, the petrodollar ending the chickens are coming home to roost, meaning those dollars will return to the US, gov need to make sure it wont hit the domestic market so they need to offload it somewhere, bitcoin checks all the boxes for that, let people HODL it like forever!!!
Sven - I think you are wrong here. Simple - this is outside of your circle of competence. You should have left it alone. But you had to say something right? Instead I think this should have been a great opportunity to explain what it means that something is outside your circle of competence. Just because something can be bought and sold like stocks doesn’t mean you need to have a take. Or that your take is useful or actionable. More videos like this, and you diminish the use value of your channel IMO. I am a “financial type” like you and have been building research on Bitcoin since 2018. It is not like anything we know or deal with. I am not saying it will work, and the need for demand is quite real. But your paradigms for evaluating it are not useful for evaluating things that are “new”. I have a similar education as you and we were not taught anything for evaluating this. Value Investing is a method for investing in companies that have been around a long time. It is not for investing in new companies….or new assets. When you say this is a speculative asset, it sounds like an insult, but it really isn’t. It just means someone who is a “value speculator” is the authority on this….not a value “investor”. Of course you are entitled to your opinion. I remain a subscriber and viewer. Thank you for offering your perspective. Peace✌🏿.
@ I know…. Me too….TH-cam gave you a platform and you gave me one in your comment section. If you see this, you should also fake cultural superiority. YOUR people created the first stock market and the first publicly traded company 400 years ago and it was the largest ever until Apple/Microsoft hit a Trillion a few years ago…
Have you heard about microstrategy and how they are selling bonds and buying bitcoin seems a bit WHAT COULD GO WRONG 🤔 think they hedge or something...it's crazy Iv held for a while but I don't like borrowing money to buy to then borrow to buy seems a bit 😳🤐
The major red flag I see is the constant advertising by those who hold BTC. I observe far more people advocating for everyone to buy cryptocurrency on social media than promoting individual stock investments. If it is truly so valuable, why the need for such relentless promotion?
Intelligence is the ability to change your mind when presented with accurate information that contradicts your beliefs. Bitcoin is not hard to get. I think you are smarter then that. This video is just coping for missing this "ponzi" adoption. Was a subscriber for 4 years, but this atitude shows that your emotions are getting in the way of your investments. There is no value in that.
thanks for sharing, sorry to see you go, and you are totally right, I have no problem in changing my mind!! the problem is I didn't find any contradiction to my beliefs, just confirmations....
2% of the wallets owns 90% of the Bitcoin. If any of those wallets sell the price crashes. What's the way out? Buy a president and Congress to create a national reserve. Bitcoin for fiat currency? Huh? But fiat currency is worthless? Right? Brilliant!!!
@@Slide61 you can create as many empty wallet or dumb wallet as you like on bitcoin Blockchain with no restrictions. That data doesn't mean a thing. Look at bitcointreasuries and all circulating, companies, lost etc you will get a better idea of the distribution.
🗽 BTC has now about 11% of the gold market-capitalization. I hodl 0.029 BTC for 10 Oz. of gold, to simulate it. No matter who is the store of value in the future, I'll be there. .
Good day Sven, did you perhaps check CVS healthcare stock? They seem to be a money making machine, and the only reason its dropped so low is because analysts are bearish on it. Its approaching the value price, what do you think?
And why are they bearish? Because there might be a new law which forces them to split their business up. The government doesn't want pharmacies to also be health insurers.
"I've done the research"; reads the shortest book he can find about the topic from a guy who graduated with only a B.A. in Economics and a Doctorate in LAW (that as you correctly describe is just a marketing blurb). Is this really how academics operate? Oh, one paper contributed to by MIT, Oxford, Harvard - therefore, case closed. Keep denigrating your critics as maxis if you like, it won't save you from a lack of integrity in your research.
@@levenvandividendjust watch last 10 years chart 😂 Bitcoin is a 👊 on the stomach for value dividend cashflow investors. I understand they can't accept it and hate it and so don't study it. Start with halving, stock to flow and some Saylor long videos.
on transaction with bitcoin is like 1million visa transfers? It consumes so much energy, doing nothing just being a casino for gamblers. Worse then gold, at least you can have the gold in your hand. Imagine a mega solar flare from the sun knocking out all electronics, then the bitcoin is zero and you can not accses, you gold and silver at home is stil currency.
Reading this random book on Bitcoin is not doing your homework. Read “The philosophy of Bitcoin” and “Inventing Bitcoin” listen to “What Bitcoin did Podcast”… and much more… then you can consider to have done your homework. I am not a Bitcoin Maxi and, at the same time, with all due respect, your objections to Bitcoin are soft and have little thought put into them. All can be easily pushed back. However, what’s most important is the lack of homework done on Bitcoin. Nobody has a crystal ball so time will tell who is right. As of now, I am desubscribing.
I fear this content creator has a profound misunderstanding of Bitcoin. It can be no more a specilative asset than printed money. Bitcoin can die considering black swan events so we can't be too proud. But outside of that, what does mankind have left? Enjoy your melting ice cubes!
The MOST important point here is that bitcoin is priced in USD and not the other way around, then we know what is the "better" credit, the only money is gold, everything else is credit...
I like the concept of Bitcoin.. But the 600lb Guerilla is the tether. No one knows what it is. Said another way: you convert your 100k BTC to USD with tether... But no one really knows what tether is. Research says its backed by "cash and cash equivalents". So is Solana a cash equivalent? Maybe? The point is there is no mention that tether is backed by treasuries and since I buy my coffee in the morning with dollars and not BTC, it's hard to increase my position in BTC. My two BTC/cents. Ha.
Over long periods of time, BTC hold your purchasing power better than FIat currencies. Can argue all you want about it , but the past 10 years of track record shows that. So yes over long time horizons, its working as intended. Short term price fluctuations cant be helped coz there will always be traders and speculators.
Every company should become a Bitcoin treasury. That way, all investors will get rich in no time. There are no risks, except the risk of missing out on the action.
"I spent my time reading the book and now we can go on with our lifes.' 😂
Hello, I’m sorry for interrupting, but could I ask for some help? my OKX wallet has USDT TRX20 with the recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). How do I send it to Poloniex or OKX?
this is a scam, don't send money to his wallet
Oh Dear Sven I like your approach regarding Bitcoin… at the end of the day it’s indeed highly speculative asset it’s not a magic item… however you will be dealing with Bitcoin maxis after this video that strange crazy army or I shall say sect of people😊
It wont hurt having a couple of hundreds in BTC. You never know....
@ probably not but it is better to buy low (fear) and sell high… well current situation in Bitcoin is far from being low 😉😀 so if anyone wants to buy BTC in these price levels welcome… But I will wait for better valuation
I know about this "crazy army" I deal with them all the time. Not everyone is like that. This is like the not all [insert minority here] is bad all over again. Every time there is a new boom it's always shot down by traditionalists, people are slow to accept change but it is inevitable....
@@raoulhery I has a few thousand in MSTU (double leveraged MSTR). I also go to Las Vegas every year and blow a few thousand.
@@raoulheryFrom that point of view it never hurts having a couple hundred in fartcoin.... You never know...
A big hug to all your South Korean viewers. Not an easy year for beautiful South Korea: may the new year bring better fortunes ❤️
Hey, I know you’re busy, but could you spare a moment to help me? I have USDT TRX20 in a wallet with the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Could you explain how to move it to Poloniex or OKX?
I was expecting a comparison with gold from your side
same here
Sven can you cover Brazil and some Brazilian stocks? Such as PBR, ELP, SUZ, thanks!
Come to brazil
Don't buy Brazilian stuff until the government sorts their expenses, right now the currency is losing too much value against the dollar, better to wait
PBR to the moon!
Video was great! Thanks for sharing. Seems like another pet rock to me! When the music stops and there are no chairs, things will get ugly.
Whenever a Fiat currency fails money runs for the exits, Gold, goods and now maybe Bitcoin.
Bitcoin is on Need to Know. You get Bitcoin at the price you deserve.🧡
Excuse me, can you please help me out with an issue I’m facing? My OKX wallet holds USDT TRX20 with a recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How can I transfer it to Poloniex or OKX?
Bitcoin was a great proof of concept. But not a finished product.
it isn't used that much anymore for normal transactions. It has been replaced by other coins for that usecase.
So the main use case of bitcoin is now just speculation.
Hello, could you kindly help me out with this situation? USDT TRX20 is in my OKX wallet, and the phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). How do I transfer it to Poloniex or OKX?
Hey Sven can you cover Proximus? Is it a value trap?
Living in Belgium, I am also interested in Proximus 😊
@@balasubramanianraja1619 same here 😊
i think Xavier Niel could make a OPA one day. He's enter in the capital this year
Today the DEX in Bybit is lagging!!
I just done video to show that
When you are exchanging it's giving you like 9x/
this guy is scammer.
Doesn’t matter slowly slowly you will get it ,just you need more time 😅
What is there to get? Please help us mortals quantify its “value” 😂
@@Amwatson801read the bitcoin standard. Any opinion for or against without reading that is simply an ignorant opinion. Almost everyone that actually reads it ends up buying bitcoin
@@Jon-lv8dc Does the bitcoin standard include a cashflow statement? Without it, it is just a fairytale. If "almost everyone is doing something", that is usually a pretty compelling reason to do something else.
@@Amwatson801 You asked question, I told you were to find the answer. If you want to remain ignorant, that is fine.
@@Jon-lv8dc So no cashflow statement? With no cashflows, there is no value to estimate, only a next fool to wait for. That's not an investment.
I still don't get this " it's limited supply " statement they make. It's decimal based, so can simply be kept being divided by 10. Please, someone, explain if I'm wrong.
@jvlaina Yep , got that, thanks , but it's the point of it being "limited" which seems untrue to me although frequently given as a reason to buy.
@@johnristheanswerthink about gold. Is it limited? Now it has every day, month and year new undetermined supply discovered.
Bitcoin has a limited programmed supply that cuts half every 4 years (halving) with a maximum 21milions.
Government print fiat as they need or like. Bitcoin is predetermined.
It's like talking about 21mil of old 1500 gold coins that can be traded, divided, spent, sent but never counterfeit like gold coins.
The minimun is a Satoshi
It's not decimal based. It's integer based. A "coin" is simply an abstraction, defined as 100 000 000 integers.
It's limited supply because the code says so. But the code was written by humans and well if enough humans change their minds, that finite number is no longer finite.
Its a non productive asset. Its something you could easily place your Mad Money into. Speculation on max steroids. And how do you know, you aren't the last fool. Thanks for your input Sven.
It‘s meant for saving in the long run - we lost the function of store of value in fiat money - supply gets constantly diluted through credit - leading to expansion of the money supply and different forms of inflation down the line - asset price inflation, commodity inflation, cpi etc.
Liquidity creates a demand for supply - so people want to have currency that also has value storage attributes, something that cant get overly inflated in the long run
My tought exactly... if it dasn't have potential massive gains ahead why would any body buy it ?
for now just gambling....
You forgot that anyone can make their own coin. What value is there when everyone has a coin. How do you get a mortgage with bitcoin? Or get a loan?
Exactly brother!
To answer your question -With my new credit crypto: "BitLoin"! (bitloan was already taken..)
Anyone can make their own coin, not their own bitcoin..
The main difference between bitcoin and other coins is that bitcoin has been accepted by the crypto and many in the investment community as a legitimate coin. Anyone can make paper money too, but nobody will accept ones that you and I made. The reason the U.S. dollar is the primary currency for international trade, because it is perceived as valuable and stable. As the price of bitcoin stabilizes and becomes less volatile in the years ahead, bitcoin holders will be able to borrow against the bitcoins they own. It's already happening.
XRP will be the only coin that will earn revenue, Japan has said they will replace SWIFT with XRP, do some digging on how much SWIFTs revenue are each year, you may ask why replace it? XRP settles financial transactions in 3-5 seconds vs SWIFTS 1-2 days …. No brainer …. Bitcoin and 99.9% of other cryptocurrencies have no revenue and will never have revenue, this is the major difference that you need to attention too. Why hasnt it run up you may ask? Because they are currently in litigation with the SEC who just lost in the lower courts and has now appealed….. once that case settles expect an explosion to Ripple and XRP
This is my concern as well. It must reach a stage of equilibrium if it’s to become a utility. Will it be as attractive if the USD is not the comparison benchmark? So to what end? What happens when it reaches a million dollars per coin? Will anyone want it? Or should a new form of bitcoin be issued as you t is finite? Anyone?
Thats just nomenclature and the fact many use it as a basis for evidencing that it the purchasing power of the USD is weakening. Same as Gold. Do we say gold isn't a thing because some price it in USD?
That's a silly basis to dismiss something. Like a weak gotcha. It doesn't detract from it's use case as a debasement hedge, it evidences it
Yes!! Balance. That is the perfect word in this circumstance. Thank you for the great video!
thanks!
It's not Bitcoin going up due to supply and demand, it's the other currencies going down. You have mentioned the USD losing 95% of its value over the last 100 years. Is this the stabilization of currencies that we desire?
How great of a return is 10-15% a year from stocks if it is relative to USD, which is debased at 5-6% per year? Not to mention S&P average returns, which again, barely compensate for the USD debasing?
I don’t think people buy gold mostly to sell it to someone else for more later on. BTC is in a flux today, but people understand that they do not wish to sell right now because it’s simply a store of value. Sure, it may be up for speculation right now but in the long run, when it’s at 1 mio +, the value will only compensate for inflation and that’s where the store of value comes in most.
Sven reading a book does not mean you understand it. Unfortunately. 100hours is needed with someone who does.
I spent 100 seconds I know everything I need to know.
Bitcoin is on a need to know and you get Bitcoin at the price you deserve. I wonder what these Value Investors will do when the companies they own start buying Bitcoin for their treasury rather than giving out dividends?
I have put in the effort and understand it. I will admit, it’s a cool application of blockchain. unfortunately bitcoin isn’t a store of value and will never replace the dollar, and I won’t be contributing to anyone getting rich on something that is worthless to me if I get stuck with it.
Thank you Sven, glad to see there are still people that can look at reality and see what it truly is. I agree that bitcoin is a great idea, but if you can’t value it then you can’t really make a true investment.
That last fool might be Saylor 😂
More like Saylor's investors and creditors.
Man of your word 🙂 Scaramucci promise fulfilled 🙂 Good luck in the comments with the crypto cult 😉
Now it is Scaramucci's turn to read and review "Modern Vakue Investing".
Earnings, cashflows, distributions, cycles... 🧐😵💫🥵
Thanks for the video! Good insight on the potential effect of stabilization (decreased volatility) at a high price point.
Sven, I wrote 3 years ago under one of your videos: "Bitcoin is a deep value play once you get it"
You replied: "could be, be I don't get it :-( "
Happy that you are picking the topic up again. I would argue that one book is not enough to fully understand it. There is good literature out there based on Austrian Economics which I would recommend. Historically, Bitcoin has been a fantastic asset IF you have the stomach for the extremely high volatility and can blend out the noise from people like Saylor and co.
Deep value 😂
Please quantify the “value” for us mortals…
Average annualised return over last 10 years: +77%
Madoffs ponzie had great gains too@@Pistenferkel007
@@Pistenferkel007 Irrelevant. That's the price the sequence of fools is willing to pay today, until there is no fool left. I am asking about the actual value of the "asset".
Respect for doing your research 💪🏼
Respect but his "research" is bearly scratching the surface
@kingpooh6429 first step of the journey 😁
Sven, what about XRP? If it replaced Swift it can actually be both a cryptocurrency and a revenue earning machine?
Great summary Sven. Yes, blockchain is cool and useful, but so is gravity. Thank you. Let's spread the word.
I've been looking into cryptocurrency investments, but I'm still unsure about the best and safest way to go about it. Any advice or insights you could share?
believe the Bitcoin ETF will be life changing opportunity with my current portfolio of 132k made from my investments with my personal financial advisor < Mrs Grace > I totally agree with you
YES!!! That's exactly her name ( Mrs Grace ) so many people have recommended highly about her and am just starting with her from Oslo Norway 🇳🇴
I'm from the USA me and two other friends of mine immediately tried it , we testified , she is a performance of Wonder
I started my investment with $15,000, a week later, we had grown to $55,000. This woman!! absolute genius
Yeah, 198k from Mrs Grace, looking up to acquire a new house, blessings.
Step Finance is proving that it’s here to stay. Strong performance and a bright future ahead. Can’t wait to see what’s next! 📈
The problem with BC is the cost of the transaction. As the price goes up, the newly limited issued BC will make mining happy. However, if the price falls or there is no more BC to issue (they say it is finite, right?), then the cost of the transaction would be substantial, unlike fiat currencies. So, one should ask: which is worse, the cost of transactions or the cost of inflation in fiat currencies? I still dont see a valid argument for expensive BC transactions.
Thanks for your contribution to a sain humanity.
Sven, what if…
1- Volatility is an opportunity to make huge returns.
2- illiquidity force most buyers to be holders rather than traders.
3- Bitcoin is a “Brand” and it has value as such even if there is thousands of other coins.
4- Being digital appeal for larger audience than gold.
5- Decentralised, Safe, Transparent and hard capped.
And being SYRIAN/CANADIAN with two horrible currencies it saved my wealth from being decimated by the devaluation just by allocating 10-20% of my portfolio in BTC.
It’s risky but everything has risks and you allocate accordingly.
This is why I don't worry about the American dollar. For all the angst and anger we throw at the U.S. Government, they are still far better run economically than almost any nation on earth. All these nations want to undermine the U.S. dollar like Putin, while he's starting wars and wasting time. If Putin really wanted to unseat the U.S. dollar or China, then it's about becoming the most open, trusted market on the planet with the rule of law and stability and prosperity being the priority. If you can't provide that, you have little chance of replacing the dollar.
But you could allocate to assets in USD and that saves you from CAD risk without playing the greater fool game on BTC.
If BTC was like JPY or EUR or CHF or any other currency, and rise in value by so much, nobody would be defending it like people are defending BTC.
Also, its decentralized nature means that the minute it starts threatening governmental power, it will be banned.
@@MyOrangeString Running from fiat to another fiat is not a solution, if I had done this I would be losing half my wealth to inflation by now.
In this regard, is commodities like gold also speculative and a game of greater fools?
Yes, but at least it has intrinsic value because you can make something out of gold.
@do0om can you define what "intrinsic" value means and are you suggesting btc the network does not have "intrinsic" value?
@@kingpooh6429 I mean that gold can be used in electronics or jewelry.
IMO, the btc network can have an "intrinsic" value but not worth trillions at all, that's why I think it's a bubble.
Why are bitboy so obsessed with intrinsic value lately. Bitcoin can’t be valued but it can be priced just like other currencies. I thought you all think of it as cryptocurrency. If it is a currency then its value is also the same as what you all think of US dollar ,which is 0, it is a medium of exchange that gets pricing through currency exchange. It gets higher price just by limit supply and more people want to buy and that is it. If you remove those 2 criteria, holding bitcoins gives you nothing just like holding US dollar.
@@thanajiraratana3161 One key difference is that other currencies like US Dollar is backed by governments. If it wasn't, it would be worthless (like monopoly money or bitcoin).
Bitcoin pricing : greater fool theory
us dollar pricing : government trust
Another great video
The future of crypto is fractional shares trading on a blockchain and convertible on a stock exchange.
It's crazy to allow companies to put Bitcoin and other Cryptos on their Balance Sheet. One bubble in turn creating even more bubbles.
Great video Sven. Alas I doubt the bitcoin community will take any notice. I personally believe that bitcoin should be viewed as a commodity whose price is driven by sentiment - fear and greed. As value investors, it may be worth studying its cycle and buy in troughs when no one will touch it with a 10 feet pole and sell it when everyone is convinced that it will hit ridiculous new highs. I would definitely not buy and hold forever.
I don’t know if I agree with your take of it dying eventually. It could still be used for transactions at that point so what do you mean it’s just dead?
who uses bitcoin for transactions? the mafia? putin to move his assets out of Russia? The transactional utility is barely there because of the volatility (not saying there's not a couple of people that transacts with it but i mean come on bro that's rarely the case), and dont get me started on the transaction fees which are huge....
Dead as an "asset" that can provide value to its holders.
If Apple was trading at 1000x earnings, it could keep doing business for centuries and still be dead as an asset for shareholders (negligible dividends, negligible buybacks, monstrous valuation risk).
At least with Apple you have some earnings to normalize by and keep things grounded (to some extent...).
Bitcoin doesn't produce anything, so it is only alive as long as there is a greater fool available.
It could be used for transactions, hence you should transact 100k to get one? I am using this keyboard to transact words with you. Wire me 10k and it is all yours 😂
@ well you just proved my point
Bitcoin can be used in transactions, but it’s very limited in the number of transactions it can do and basically isn’t practical for day to day use by ordinary people. When no more fools are willing to push the price up with their hard earned money, who will want to have their savings tied up in something that provides no income and is not even something you can show off. Once it starts a significant down turn, there is likely to be a panic of people trying to cut their losses.
sadly Sven didn't understand that the BTC supply is limited to 21 million and is embedded into the code. therefore it cannot behave like a Ponzi scheme
good point, but the general price isn't limited, thus it can in that way :-)
BTC intrinsic value = 0
One good value-growth stock would be interesting to cover is Evolution ab, market leader in online gambling , growing very fast but stock declined recently on some news
I mentioned it to Sven too a couple weeks ago
@@DEFCON5307 it is ridiculously cheap now, with most of the risks priced as per worst case scenario while the business is growing fast
Great video Thank you. I was just about to ask you about that stock.
They can always come out with a better digital asset before all bitcoin has been mined.
What could possibly make it better?
Years joking about shitcoin, and then they go and really make FartCoin. Now we've got fart millionaires
Thanks for the informative video. I think BTC and ETH are more likely to retest the resistance on the upside and then head lower. But as always, the situation changes every day, and all we can do is act responsibly, monitor the markets, and reassess our strategies frequently. I want to thank you, Caroline Suzan Olson, for giving me crypto education because I have comfortably earned 6.7 BTC. 🚀
I know this lady you just mentioned. She is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I'm new to cryptocurrency and don't understand how it really works, how can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a newbie investor, you must have a mentor to hold you accountable. Caroline Suzan Olson is my trade analyst; he has helped me identify significant market trends, pinpoint strategic entry points, and give risk assessments, ensuring that my trading decisions are aligned with market dynamics for maximum returns.
She appears to be well-educated and well-read. I ran a Google search on his name and came across her website; thank you for sharing.
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Great video Sven I agree on what you say but Bitcoin is also part a culture of people being against/afraid FIAT currency. That is constantly being printed and consider Bitcoin a ´safe´ store of value, but in all fairness they are winning at the moment and it will probably go higher.
I do have faith though in this blockchain technology what could revolutionize global trade, especially in stablecoins what is growing exponentially in Africa and Latin America.
Thank you Sven!
As soon as bitcoin is measured in bitcoins, I know it’s ready to use.
Thanks a lot Sven
On the contrary, the higher bitcoin goes the less likely it will be used for real transactions. Why waste it to buy a pizza or some random other stuff when it could surge even higher tomorrow? Everyone is just buying and selling the speculations of it going higher and then use the proceed IN US DOLLARS to buy their stuff.
yes, so when it will not go higher, it can only go lower,,, have fun...
I am also a believer of the greater fool theory and I saw a couple of my friends make millions in Bitcoin in the last 10 years, some of them now have big portfolios of properties and hotels, and a young man I know personally sits on a 50 million bag plus property, I am due to my fear still investing in stocks with strong fundamentals and getting return of 15-20 % /year sometime less, I also saw my portfolio dropping with every correction,I hope to see some extra zero at the end of my portfolio in 40-50 years if I will be alive, we believe in it or not it will not make any difference to the people who accept change and adopt it, only they can get exceptional returns
Some food for thought, the petrodollar ending the chickens are coming home to roost, meaning those dollars will return to the US, gov need to make sure it wont hit the domestic market so they need to offload it somewhere, bitcoin checks all the boxes for that, let people HODL it like forever!!!
We are in a new era. This time is different.
Love it
Still keeping 1% of you portfolio in $BTC is not bad idea as it is still 10x cheaper than gold that have $20 trillion capitalization.
Bitcoin has no top because fiat has no bottom
0 is the bottom
Sven - I think you are wrong here. Simple - this is outside of your circle of competence. You should have left it alone. But you had to say something right? Instead I think this should have been a great opportunity to explain what it means that something is outside your circle of competence.
Just because something can be bought and sold like stocks doesn’t mean you need to have a take. Or that your take is useful or actionable. More videos like this, and you diminish the use value of your channel IMO.
I am a “financial type” like you and have been building research on Bitcoin since 2018. It is not like anything we know or deal with. I am not saying it will work, and the need for demand is quite real.
But your paradigms for evaluating it are not useful for evaluating things that are “new”. I have a similar education as you and we were not taught anything for evaluating this.
Value Investing is a method for investing in companies that have been around a long time. It is not for investing in new companies….or new assets.
When you say this is a speculative asset, it sounds like an insult, but it really isn’t. It just means someone who is a “value speculator” is the authority on this….not a value “investor”.
Of course you are entitled to your opinion. I remain a subscriber and viewer. Thank you for offering your perspective.
Peace✌🏿.
Thanks for commenting :-) the conclusin here is that this is yt, so I talk :-)) no worries
@ I know…. Me too….TH-cam gave you a platform and you gave me one in your comment section.
If you see this, you should also fake cultural superiority. YOUR people created the first stock market and the first publicly traded company 400 years ago and it was the largest ever until Apple/Microsoft hit a Trillion a few years ago…
‘There is only 21m BTC so how can he be worth billions?’ 😳
Have you heard about microstrategy and how they are selling bonds and buying bitcoin seems a bit WHAT COULD GO WRONG 🤔 think they hedge or something...it's crazy
Iv held for a while but I don't like borrowing money to buy to then borrow to buy seems a bit 😳🤐
Mstr is a ponzi scheme
... lol
I own bitcoin. Ofcourse i want it to go higher.
But id rather be on the side of potential winner .. than certain loser ie. The dollars
It's going up forever, Sven
Great video
“I thought there are only 21 million bitcoin so you can not have billions” lol
And folks look back on Enron and wonder how and why it took so long...😅
Swizerland enters the chat
The major red flag I see is the constant advertising by those who hold BTC. I observe far more people advocating for everyone to buy cryptocurrency on social media than promoting individual stock investments. If it is truly so valuable, why the need for such relentless promotion?
to push it higher.... if not it reverts fast...
Obviously a speculative bubble
$ONDO and $XAI515K will reign supreme in this cycle $XAI515K will move much faster than Solana. Youre welcome.
Intelligence is the ability to change your mind when presented with accurate information that contradicts your beliefs. Bitcoin is not hard to get. I think you are smarter then that. This video is just coping for missing this "ponzi" adoption. Was a subscriber for 4 years, but this atitude shows that your emotions are getting in the way of your investments. There is no value in that.
thanks for sharing, sorry to see you go, and you are totally right, I have no problem in changing my mind!! the problem is I didn't find any contradiction to my beliefs, just confirmations....
*BITCOIN!!!* 🍊 🪙 🚀 🚀 🚀
:-)
Again omitting the issue of horizontal inflation
If it stabilizes on 10 million then I am happy to hold btc and mstr as few percent of portfolio regarding risk reward ratio🤣
2% of the wallets owns 90% of the Bitcoin. If any of those wallets sell the price crashes. What's the way out? Buy a president and Congress to create a national reserve. Bitcoin for fiat currency? Huh? But fiat currency is worthless? Right? Brilliant!!!
Really wrong data on support of your thoughts
Data is spot on@@DerrenTube
Data is spot on
@@Slide61 you can create as many empty wallet or dumb wallet as you like on bitcoin Blockchain with no restrictions.
That data doesn't mean a thing. Look at bitcointreasuries and all circulating, companies, lost etc you will get a better idea of the distribution.
Great... This guy is going to turn into Peter schiff while the bitcoiners are getting rich
🗽 BTC has now about 11% of the gold market-capitalization. I hodl 0.029 BTC for 10 Oz. of gold, to simulate it. No matter who is the store of value in the future, I'll be there.
.
Dead bitcoin- what a scary thought....
Good day Sven, did you perhaps check CVS healthcare stock? They seem to be a money making machine, and the only reason its dropped so low is because analysts are bearish on it. Its approaching the value price, what do you think?
And why are they bearish? Because there might be a new law which forces them to split their business up. The government doesn't want pharmacies to also be health insurers.
There's not much difference between Bitcoin and gold. Both are a greater fool asset.
Finding the greater fool, not my type.
bitcoin is going up because is going up and will go down when is going down. is that simple
“First the innovator than the imitator than the idiot” that is sh..coins future
:-)))
"I've done the research"; reads the shortest book he can find about the topic from a guy who graduated with only a B.A. in Economics and a Doctorate in LAW (that as you correctly describe is just a marketing blurb). Is this really how academics operate? Oh, one paper contributed to by MIT, Oxford, Harvard - therefore, case closed. Keep denigrating your critics as maxis if you like, it won't save you from a lack of integrity in your research.
How much research does one have to do until bitcoin magically creates intrinsic value (cash flow)?
@@levenvandividendjust watch last 10 years chart 😂 Bitcoin is a 👊 on the stomach for value dividend cashflow investors.
I understand they can't accept it and hate it and so don't study it. Start with halving, stock to flow and some Saylor long videos.
@@levenvandividend does gold have cash flow? same principles apply to investing in gold
@@freeduckie That's why I dislike both.
Digital fairy dust. Sell the ETF puts. High IV 30 deltas. At least you get cashflow from gamblers
on transaction with bitcoin is like 1million visa transfers?
It consumes so much energy, doing nothing just being a casino for gamblers.
Worse then gold, at least you can have the gold in your hand.
Imagine a mega solar flare from the sun knocking out all electronics, then the bitcoin is zero and you can not accses,
you gold and silver at home is stil currency.
Reading this random book on Bitcoin is not doing your homework.
Read “The philosophy of Bitcoin” and “Inventing Bitcoin” listen to “What Bitcoin did Podcast”… and much more… then you can consider to have done your homework.
I am not a Bitcoin Maxi and, at the same time, with all due respect, your objections to Bitcoin are soft and have little thought put into them. All can be easily pushed back.
However, what’s most important is the lack of homework done on Bitcoin. Nobody has a crystal ball so time will tell who is right.
As of now, I am desubscribing.
Seriously. What is the difference between Bitcoin and fartcoin/Hawktauh coin?
lol are you serious why dont you just read the bitcoin whitepaper and find out yourself
@freeduckie So...nothing.
What is the difference between a Monopoly paper bill and a real one? 😂
trust and consensus. Per comment above, similar to the difference between monopoly and real money
I fear this content creator has a profound misunderstanding of Bitcoin. It can be no more a specilative asset than printed money. Bitcoin can die considering black swan events so we can't be too proud. But outside of that, what does mankind have left?
Enjoy your melting ice cubes!
Bitcoin is interesting but it isn’t investing.
Happy Holidays, Sven. Thank you for exposing this company for what it is.
The MOST important point here is that bitcoin is priced in USD and not the other way around, then we know what is the "better" credit, the only money is gold, everything else is credit...
Pump ⛽🚀🌔 and dump 🌷🌷🌷♿
For sure
Its been pumping for over 15 years when is the dump?? so we can all short it 😂
@kingpooh6429 Sounds a bit like 1929 for me 😅
I like the concept of Bitcoin.. But the 600lb Guerilla is the tether. No one knows what it is. Said another way: you convert your 100k BTC to USD with tether... But no one really knows what tether is. Research says its backed by "cash and cash equivalents". So is Solana a cash equivalent? Maybe? The point is there is no mention that tether is backed by treasuries and since I buy my coffee in the morning with dollars and not BTC, it's hard to increase my position in BTC. My two BTC/cents. Ha.
Over long periods of time, BTC hold your purchasing power better than FIat currencies. Can argue all you want about it , but the past 10 years of track record shows that. So yes over long time horizons, its working as intended. Short term price fluctuations cant be helped coz there will always be traders and speculators.
Michael Saylor is the next Bernie Madoff, and MicroStrategy is the next Enron. Im confused why people cant see this.
Ponzu that’s all it is and a big one at that
Koje ti je pravo ime brate nas? 😂
Every company should become a Bitcoin treasury. That way, all investors will get rich in no time. There are no risks, except the risk of missing out on the action.
Hahahaha - Bro rugging retail again with such takes....