Crypto: The World’s Greatest Scam.
ฝัง
- เผยแพร่เมื่อ 31 ธ.ค. 2022
- Bitcoin to Blockchains, to NFTs, to Web 3.0... it's time to find out if it's really all the hype or just part of one of the greatest scams in human history.
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UPDATE:
Now that we're seeing the crypto market reach ATH, notice that this is not driven by any sort of use-case or practicality. It is, as it has always been in the past, driven by price speculation.
People asking me if I still think crypto is a scam because "number is going up" have failed to understand that the entire point of this video is how "number going up" is all you care about. The technology itself is just a cover for that.
If the industry actually found a use-case that justified its value and the harmful externalities it causes I would be more than happy to say I'm wrong, but it hasn't and it's been 15 years.
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Feels good to see you again! hope this one goes viral too cuz it really deserves...
James, hats off to you. Continue making more long-form content.
Happy new year James!! good seeing you back
Lifestyle
You look like that dude from Peaky Blinders
Best video of 2023, pack it up.
Fuck. Mkbhd himself 😮
Mkbhd is here 😀
Now be Honaust.. what do you think about Bitcoin? Scam or legit?
If you sir put a stamp of approval on the video, it means that it's definitely the best of the year. Incredible!
The man himself is here!
I'm sick of people bashing the obvious utility of NFTs. The ease with which I can look at a person's profile, see their involvement with NFTs, and then identify them as a blood sucking sociopath is revolutionary.
Had us in the first half not gonna lie
I see what you did there 😂
💀
😂😂😂😂😂😂😂😂😂
I made more money shorting block anything than you will ever have in your entire life.
Welcome to real world. Life doesn’t exist online.
In the real world we still kill each other in the real way with guns and bombs.
Gold guns and land. That is what humans need.
@@littlelebowski7714 fr...
Wow great bottom indicator, please let us know when you start believing in it so we know when to sell.
Everything they said is still true. Ponzi schemes can operate for decades. It took 2 decades for the causes of 2008 to manifest. Crypto generates no real-world value and yet it has sky-high valuations. And it has sky-high valuations because people believe it will always go up.
That assumption has been wrong 100% of the times it has been made.
Thanks for sharing FET and AMS89H. 💯
very promising
Much better than all those shits altcoin with no utilities
this is only crypto project that I see has real use
I've heard lots of people from X and Facebook talking about this one
my portfolio: BTC, ETH and AMS89H
The biggest scam is fractional reserve banking.
The biggest LEGAL scam is fractional reserve banking.
Facts
100%
You're probably speaking to 5% of the readers here. I don't meet many folks even at my age of 39 that understand what you mean like you and I do. I'd give all I have to be let in a room alone with any of the fed chairs of my life time. 2 men enter...
You still get your money though... Usually
The fact that these influencers are paid in DOLLARS not COINS to promote those coins SHOULD speak VOLUMES. And should be enough to rest any skeptical’s argument and prove their point!
"Yeah, but when it becomes popular enough, cryptocurrency will make dollars obsolete!!!" /s
That’s actually a really great point! Thanks for sharing it :)
they are not most are paid in eth
Exactly
@@user-sf9gs2pg1b Dollars are not real.... This is a game of which Ponzi scheme Is better...
BTC has inspired countries to start making CBDC's
Edit:
We must always reason from both sides.
You called the bottom on BTC with this video, wish I would have found it earlier 😂
Man, you are laughing so much your hemorrhoids are bursting. I'm laughing with you btw. Speaking of which, I have some art of digital hemmorrhoids exploding and wonder if you will buy off me for 12 million. US dollars please.
You were right about "cypto" bitcoin isnt crypto. "Its the digital transformation of matter and energy" -Michael Saylor
"you dont want them to understand it, let them take 10 years to figure it out" -Saylor
@@connorkeys555 Yes. Once they all understand it, it's too late to make the biggest gains.
Its property pegged to energy. The most perfect thing to peg a currency to.
Who’s watching this in March 2024?
its always the same, every was there
Yeah didn't age well...
All here buddeh... this guy bought the top.. now he feels scammed 🤣🤣
Money is money, rich people and organizations play it like games. It is not a scam, just a freaking game.
Bingo! Play the game
My sister and I used to joke that NFTs and Crypto were like MLMs for tech bros. It’s good to call this stuff out. No disrespect to the people that bought it, no one deserves to be scammed.
The hype was too much but tbh its a revolution regardless
@@daimsaeed revolutionary way to create bag holders.
@@daimsaeed revolutionary way to scam!
Men who love men?
I'm a blockchain developer. And although I don't agree on the point that blockchain doesn't have a solid usecase, but I actually appreciate the fact that there are people who are reasonably skeptic about this technology. It helps to keep everyone's feet on the ground.
All I agree on most of the points raised here. 99% of the 'Cryptocurrencies' are fake and will eventually go bust, play-to-earn models are just MLMs rebranded.
When I heard of NFT's at the first time, I thought people are buying the copyrights of the art work. Turned out no.
Anything people are willing to pay for has value, how much they are willing to pay for it determines the value. It's not the same for all people, but really it's just about the economics of supply and demand.
Right, but bitcoin depends on the power grid, if that goes down it's worthless. Even physical currency like the USD isn't as stable or reliable as something like gold. But even gold would be next to worthless if things were bad enough that food, water, and weapons is in the highest demand so those would become the main things people trade.
So in that case accepting someone's gold for any of those things in hopes that things will get better months or years in the future, it's basically an investment that could turn out to be a grave mistake if they overestimate how much of what they need to survive they have to give. It seems inevitable even a solar flare could take the grid down, it might be a bigger threat than an EMP, or they could use an EMP and blame it on solar flares.
@@brians1793 haha back to the stone age!
If the power grid were to go down we are all fuxked.
Lol what do you think will happen to your bank account when “the power grid goes out” This wont happen but either way money has been digital for years.
@@Illich302 It's so frustrating when people miss the point and don't realize it, of course banks have similar issues I was never saying they don't. And if you don't think that can happen you're delusional, especially with the strong solar activity we're having lately which could do it and EMP's and the likeliness of WW3 and even civil war. I thought it might be between liberals and conservatives, but it'll mostly be US citizens and illegals. They're intentionally letting them steal American's homes with squatter's rights, there's even illegals on TikTok telling other illegals how to in their own words steal American's homes. You can't make this shit up.
I was mostly comparing bitcoin to gold, not other forms of technically digital currency like banks, but at least then you can take physical currency out. I realize you could sell bitcoin but that's not exactly the same thing, a lot could go wrong there. Most Americans are far more dependent than they realize, I'm sorry but people that basically couldn't survive without the government and corporations, how free are you really? A lot of the things we're told are about our 'independence' are more so to enslave us, like student loans making people debt slaves and ultimately either making them feel like they have no choice but to follow that career, or in some way are going to be screwed because of that debt. Besides the obvious brainwashing and indoctrination that goes on there and in public schools, even elementary now with the political bullshit where they should just keep that shit out of schools regardless of which side.
They're trying to control the food supply and farmers almost entirely and can freeze bank accounts, and even not allow anyone to buy or sell without digital currency except bitcoin. People are being told bitcoin is fighting against that, I find it hard to believe it isn't basically a scam to trap anyone refusing to accept the central bank's digital currency. There's a reason some call the central bank's digital currency the mark of the beast, it could be a literal mark and you'd need it to buy and sell in a lot of ways and it's basically pledging allegiance to the evil satanic system in the US, they're making it so painfully obvious how satanic it is regardless of whether anyone is religious or not or even believes in any of that, it doesn't change that there's clearly many in power fulfilling Biblical prophecy.
Blackrock and Fidelity hold 152,900 Bitcoin. As of February 2024
And if they were to sell that, to let’s say another large conglomerate they own who would be willing to take the temporary hit, they could crash and kill bitcoin very quickly. So much for ‘decentralised’ eh
they bought that with their private trust in 2022 :) making sales to their company now propping up price then dumping into retail in the other end clever tactic
They don't invest in scams. This dude works as an undercover government bullshitter.
Did you miss the part about early investors getting rich while later investors go broke? When I was in high school, everyone was planning to get rich through Amway. The problem I saw was that they all were trying to recruit others into the team, and no one was actually selling the products. In the end, the Devos family got rich, and all my friends and neighbors ended up with a garage full of inventory they couldn't sell.
When the price is high enough, the big boys will dump everything.
@@shoazdon7000 but they couldn't.
You know there is something wrong when millionaires want to help you get rich for free.
THIS! Fucking THIS, all day long!
if it sounds great, it's probably fake
you guys who are out of crypto tokens, are f***ing idiots.... with simple research, you can make £ 1000 into £10000 without a doubt... crypto is AGAINST big rich people and banks - it makes everything transparent and available even to normies like me and you :)
Unfortunately people are too greedy and lazy to see through the BS lies that Crypto promises they just hear "Make money without working" and blindly jerk off all over it
Real!!!!
Well, what happens when people try to cash out at a bank, if too many do it the bank collapses...
No…if a bank runs amount of money it orders more from the federal reserve…u might not get it the same day but u will get your money
@@ncnyc4418you do realize that we went way past the point of money being 1:1 money right? 🤣 There would be no money left if like 10% of the customers picked up all their money from the bank 💀
Same thing if a bunch of people try to do bitcoin transactions at the same time.
Tell that to the people of Greece.
@@tomhansen5219 really? tell me when there was an attempt to spend bitcoin/withdraw as cash in bitcoin where the amount rivaled that of a bank run. I'll wait.
I dunno if I get it, but you're saying Bitcoin is basically like the hot potato game?
Yes. That is because it is. You can't buy anything with it. The only people who buy the token is people who think the token will be able to be sold to someone else in the future. Which means you are looking for a even greater fool than yourself to offload your worthless data on. As you said. It is a game of hot potato. You are looking for the greatest fool that will be the one holding the bag.
Yes and the initial purchaser is wearing gloves
I had a few friends that bought into NFTs. Every time they explained it to me I always said it sounds like a pyramid scheme. They told me i didn't understand it. Then you always have that one friend who tells the truth and doesn't care. I said the same to him and he said "yeah it is a pyramid scheme. You just have to make sure your at the top of the pyramid". No thanks. You can keep them.
No, you don't understand the technology. Eventually, they will be crucial and the next security layer. Now, in their early stages, most of them are regurgitated, derivative crap.
@sbmitchell Copium
@@lulz59 copium of what? 😂 Which part do you disagree with exactly?
Theyre mentally ill, theres no other explanation
Buying an NFT is like buying groceries and then only coming home with the receipt
Lol. This video was posted at BTC bottom now it's back to ATHs. 💀
Riped like fine wine 😂
This video doesn't say it can't rise more. The concept of crypto is flawed. It's just speculation with no value but hype.
@@boyanvalchev2953same as any other asset like gold, or even fiat currency. It’s only worth something because enough people say it is.
@@boyanvalchev2953 it’s wild that people still don’t see the value after having 1/4 of your life force stolen by the government over the last 4 years.
crypto not bitcoin he dont understand the benefits from a free mone network and thats okey @@boyanvalchev2953
No BITs, no ownership. Bye, Bye money.
My federal bank is buying BITCOIN in bulk, so I will also go with my own custody.
Will be bankrupt
@@mikesmith6461 Keep holding your fiat, which loses value non stop. Good luck!
@@mikesmith6461 heheheh
You should do an update after Blackrock ETF gets approved 😂
Hahaha yes indeed. People are actually getting sucked into this nonsense and believing it. 😂
even right now with ripples victory over the SEC
Yeah, I can't wait to see his next video when Bitcoin is over 200k
Or 1 million
@@Bitcoindadukyeah. Keep going with that attitude 👍🏻. Soon enough, everybody else will be investing in Bitcoin/crypto and making money, while you (the only SMART one) will make nothing.
Whenever someone talks to you about making ez money, immediately put your wallet out of their reach.
It's not easy, buy it. Try not sell it. Tell me if it was easy then
yes Bitcoin was a reaction on the 2008 banking crisis. So in that atmosphere people were easily and emotionally fooled.
Yeah, I wish I was fooled back then when it was less than a dollar though 😢
uhhh if they were fooled in 2008 and bought bitcoin they are filthy rich rn lol
"Get rich quick" is ALWAYS the recipe for a scam.
Ask a person who is “Bitcoin wealthy” whether it was a “get rich quick” experience. This guy’s video is only half educated.
They were early investors of a Ponzi scheme.
The only way to make quick money is to take it from someone else
Money never disapera Just change owners
@@piotrlll4618 …and when the government prints more money, the government is robbing you by devaluing your money and then deciding who are the new owners of that money. The government and the central bank are master criminals.
I bought bitcoin when i first saw this video and sold it this week. We did well. Always do whatever the opposite of a redditor says
We need to introduce the reverse redditor etf, people gonna get rich from it.
Sold all your btc? You have some re-entry price in mind or you just gonna let bitcoin go to the moon without you?
So you sold before the Halving, right in the middle of the huge ETF buying spree, and before Grayscale finishes its huge selloff? Hmmm..... 🤔
@kleinbottled79 no, I sold half. So I got my initial investment back, and made a good profit. I'm not rich by any stretch of the imagination so it was a really good timing move on my part. I had bought 0.75 at 19K USD and sold at 68K USD. Still have 0.32, or a bit under half of what I had
@@martymcfly88mph35 Cool cool. I'm glad for you that you held onto some. And yeah buying 19k was great stuff. You might have an opportunity to rebuy at sub 60k when we hit a bear market again. Good luck to you!
i'll never look at crypto the same way after watching this video
Well this aged like milk lol
Banking is obviously the world's greatest scam!
Maybe. At least we know who the scammers are and where they live.
So, why add another scam where the responsables usually disappear in thin air!
The Fed runs the biggest ponzi. USDT trying to run a close second.
XRP is a great big solution and alternative to fiat banksters ponzi.
Don't forget insurance.
HAHAHAH YES..THAT IS WHTA I SAY ALSO !!🤣 Lending you money that does not exist & charging you interest on it.
How on earth did you manage to keep this video captivating for a full hour from start to finish? The depth, the coherence, the story telling, the visuals, absolutely ridiculous how talented you are.
I think you just described it
@JamesJaniyt shut up scam bot.
It’s easy when you don’t need to worry about facts or anything.
yeah
Honestly, it’s a good story, and he told it well
Maybe I'm just a clueless moron who just turned 50, but all of this crypto and NFT shit seems not just incomprehensible but absolutely insane. My head hurts trying to make sense of a world where a jpeg of a cartoon monkey is worth hundreds of thousands of dollars, and presumably intelligent adults are dead serious about it.
Well done mate. New to your channel. So detailed and right. Can’t imagine the time and effort to edit this video
The amount of "get rich quickly" ads on this video is absurd and hilarious.
This is a wonderful documentary, thank you so much for your work! 💕
I watch a channel called Hannah Alonzo who talks about MLM's and how they're scams. She mentioned her channel also gets a lot of ads from MLM's, but it's a good thing. Since the TH-cam algorithm can't distinguish between a channel that is pro or anti-MLM, they just slap them on any channel that is talking about the subject. So, it means those companies are just losing money with ads being placed on a channel with an audience who has no interest in MLM's. So, if the same is happening with this channel, that is good! Let them continue to waste their advertising money here.
Imagine the irony of getting rich, by making videos of crushing other people’s dreams of getting rich.
@@BewareTheLilyOfTheValley It's actually great news, but Jeez Louise... TH-cam couldn't give less of a darn...
Good thing there is ad free TH-cam!
Ads? What's that?😂
Finally TH-cam released the documentary!!! 👏👏👏
Been waiting too😂
XRP ………. idiots!
Same here. Been waiting
The Folding Ideas channel released the documentary a while ago.
@sourav jaiswal same, I want to know
Can anyone explain AMS89K?
Scam
Its not real
What do you think sets AMS99T apart from other projects? It seems to be dominating discussions lately
The rug pull hasn't happened yet.
If(topic = cypto){
Comment "garbage string of text about some bullshit buzzword"
}
the scam token lmao
The more I see of the world, both online and offline, the more content I am to just exist in my own little bubble, away from it all.
@@Jamesjani634 case in point. thanks for reminding me life is good, bot.
Same. I'm very content in my own little bubble. I want no part in the wickedness.
i can relate
@@Light-ke1bc What are you talking about, it is atleast better than Bud.
i agree. and yet here we are browsing videos online
I swear there's more ominous royalty free music in this video than the average true crime video
The quality of your videos and narration is insane! Great Job!
Im the old generation. You know the one who was going to work from dawn to dusk and did not cry anywhere its horrible. This was educational. That's gonna be such a painful crash....
Dude your comment is literaly you complaining about you having it tough. You arent a tough generation.
Keep on getting the worthless fiat 😂 Bitcoin will fly
@@messidona666 I can buy almost anything with dollars, which means they are far from worthless.
@@messidona666fiat is so worthless crypto bros only describe cyber coins in $ value and talk about buying low and selling high.
If it was that good, you'd only buy, never sell and transact with it. But you don't.
@messidona666 you say that like bitcoin is not a fiat. I don't think you understand what fiat really means.
My father told me 60 years ago, a fool and his money are easily parted.
Still applies today!
That’s actually from the Bible.
@@rem7502 Who's version?
your dad is probably right
@@orako-g752 retired at 47. Now 68 with plenty to see me out.
No gambling involved...
How old are you and have you retired?
😂😂🍾
@@orako-g752 better broke than the bourgeoisie.
Be fearful when everyone is greedy, and be greedy when they are fearful. This video marked the bottom.
yup whenever people say its just a giant scam.. i fill up my bags even more
It actually did 😂😂😂
Wow, it really did. Bitcoin has gone up almost 200% since then.
@@sparker.24 Delusion.
@@sparker.24what do u do with it
Getting crypto ads while watching this is enlightenment! 😂
Mate, your documentaries are really really fantastic! Glad I found your channel 😊
Biggest scam is banks not crypto, in crypto you just gotta do your research and be aware of the many snakes like in anything but the market is volatile if you hold the right thing its bound to go up long-term. Short term higher risk and you gotta know what u doing.
So basically its a gamble but with buzz word
@@Rokaishi yeah but in crypto the average person has higher chance to make profit if their patient and don't sell. For example dodge coin is a meme coin no one took serious but those who bought in early and held for years made millions. It's all about finding a cheap coin that hasn't blown up yet and taking a early position.
The biggest scam ever has an ETF now 😂
Yeah I was wondering the same thing
I'm confused.
@@eljaa2000why? When the whole system is a scam, why wouldn't they adopt a new one which has more people hooked than cocaine ?
The scan just got mainstream...don't forget...crypto was designed to help bring down the financial sector.
@@SD-nq6kgYou can't just say that based on a shitty 1 hour commentary on TH-cam. The initial idea behind bitcoin was literally revolutionary.
They have an ETF because it's the only way to provide a relatively safe way to invest in it. Buying crypto outside of an exchange is risky
Yeah, this one didn’t age well, for the number one performing asset in history, with layer two’s performing transactions within seconds for pennies , across countries.
Imagine holding Gold for the first 13 years thinking it’s nothing more than just a pretty rock.
You posted this literally at the very bottom of the bear market. Absolute perfect bottom.
wish i'd seen it then lol, clear signal
The worst thing about crypto mania, as far as I’m concerned, is that it spawned an industry comprising of the most horrible (and most obvious) type of spambots all over YT and IG.
I just found out one under his comments section.
ikr, the dangers of bitcoin are so obvious its not even funny
It’s a sick industry and that’s the truth
I want to see you and Michael arguing against each other in the epic battle
If eating crow was a movie
Price of BTC when this video was released $16,625. Imagine how many people sold because of this video….. right at the extreme bottom of the market.
Ya now look at it. all time high.
lmao sucks to be them
So has bitcoin changed the world yet?
@@ethanstine426 not yet. but it will.
Hahahahah losers
Weak hands deserve to be poor.
If BTC is a scam, then the Fed and the world's central banks printing a massive amount of fiat dollars is a bigger scam
Yes
yes
Fiat currency is not pitched as an investment. You don't have people trying to sell you fiat currency because the US Dollar is going to go "to the moon".
Cryptocurrencies, if used merely as a currency, is not a scam because the underlying math behind blockchain is solid. But if it is being sold as a way to get rich, it is nothing but a "Greater Fool" scam because it has no intrinsic value whatsoever.
He saying only negative side of one picture, he must see other side (positive) of the picture too. The way he told story in same way all business in the word is big scam too... e.g. Coca-Cola, Pepsi, all tobacco companies, liquor and wine companies too a big scam. So directly or in directly this whole world is scam.
Not really, as just as fiat dollars are a derivative of gold, BTC is a derivative of fiat currency.
Could someone provide a detailed explanation of what AMS99T is all about? I'm intrigued by all the buzz surrounding it
hahahahahahahahahahahaha woman of comedy
Begone bot!
Yes, its USB stick drive I wipe my bum with.
scam coin😂😂
Im a software engineer based in Vietnam. I develop mobile apps, REST api's, database driven apps, all that full-stack good stuff. I create solutions that solve real problems, for businesses. Its all very practical and the utility speaks for itself.
Early in 2022, Chinese New Year, i met my wifes Auntie, she was enthusiastically telling me all about her son who is in "blockchain, crypto and nft". Her eyes lit up as she spoke about it because he was "on the cutting edge". Naturally I was skeptical and warned her that there wasnt much longetivity in the space, and i advised her to try and steer him away from it. She was deeply offended by what i had to say.
Later that day her son came to meet me. I told him he should focus on more conventional programming such as app dev, website dev, etc. It was like speaking to a brick wall, he just wasnt interested, he had been sucked into the mania. Since then he has been laid off from the New York based agency he worked for (they went bankrupt) abd he is struggling to find a similar job. Ill be meeting him again for the chinese New Year, it will be quite difficult to avoid saying the words "i told you so". Poor kid drank the koolaid and wasted a year, he really should have took my advice.
At least it was only a year and I take it he is pretty young. Best you can do is guide him in the right direction and hope for the best. Don’t be too hard on him, like you said he drank the kool aid along with many, many others.
Destroy him 🤣
The poor Kid did what he wanted and had fun doing it. He’s not crazy he’s just not you.
@@wa2k360 being lead down the garden path by web 3.0 nonsense isnt fun, now he is playing catch up, wasted a year.
larger more volatile boom and bust cycles. Just like recent big tech layoffs but more extreme, these web3 companies become extremely overvalued and bloated now are cutting back severely.
It's good practice to have an open mind, and hear both sides. I have mixed feelings on this video. I have been scammed by alt coins, not NFT's.... but I am falling more into the Bitcoin maxi camp. I learned a lot about other cryptos and NFT's in this video. Thanks for the differing thoughts, I really appreciate it.
What is most chocking to me about 2021 and 2020 was that people who are economically independent with 100s of millions in their bank accounts would promote scams to their followers for peanuts. It's completely mind-blowing.
The way they accumulated their outside money would be considered peanuts. But when you funnel them all together, it’s more millions in the bank.
wtf is "chocking" ? you mean choking? or "shocking"? learn how to spell
@@Terranova339 I am not a native English Speaker. Let me know if you want to communicate in Spanish instead or Swedish instead.
@@Martin-qb2mw I speak 8 languages, but I'm not dumb enough to mess up a global language so badly. Sign of lack of education.
@@Terranova339 I have a Master of Science in a field related to AI. If you want to insult me you have to try something other than "uneducated".<
I have a suggestion for you. Instead of getting angry at random sh1t on the internet, try going outside and touch grass. You will feel better. Best of luck.
Please do one on exchanges next.
Exchanges are a symptom of the sickness, not the sickness itself.
Or a. Fake
Lifestyle of rappers video. Will be interesting and humor
More on government corruption....
You exchange the biggest scam in the world (US Dollars) for sound money to stop the funding of endless wars. There, summed it up for you.
The exchanges are like the final boss of the crypto scam
The title easily applies to money itself lol
"bitcoin is deflationary" "why would you want to spend btc if its worth more tomorrow". Exactly. Its a store of wealth, not a "currency". Its more like property than a currency. Its somewhere to park money that isn't being used. You would then create a currency backed by BTC. Its like digital gold, but better.
The same exact concept works with collectables. Or rarities. Its a place to park peoples wealth.
I'd say its the perfect form of storing value.
One of the most frustrating thing about crypto is hearing people act like smart asses knowing what the hell they are getting into, throwing new terms and big sounding words doesn't mean they know how it works
Ok boomer 😄
@@Drift0x Well you already roasted yourself with that profile pic. Smart person.
@@FaresDjebbarrekt
@@FaresDjebbar thanks man 😅👍
@@Drift0x hehehe we got a fish on the hook
After 10 full months he is back
you don't know how much I've waited for your videos.
even before watching I know this gonna be another banger.
Welcome back James good to see you.
Exactly same here 😢
People out here are making better content and you people ain’t supportin. There are many channels more regular than James’ like Coldfusion, Nick films (he is small atm but search for “Nick Films The Dark Side of fame” ) and many others.
@@johnnyplays101 Thankyou for the suggestion. I've subscribed to both Coldfusion and Nick Films both of them make great content. Hope to see Nick Films grow in future.
@@johnnyplays101 his is on another level and worth the wait and yes I support coldfusion and others like it.
Maybe. I will check them out . Thank you. But James Jani is exceptional! x
The dish-soap brains in the comments saying "shows you the price is high now" are absolutely killing me 😂😂😂
I couldn't understand how people using a currency plan that wàs supposedly stable could see increases in the value of that stable currency. You answered that question.
You know the bear market is almost over when this video goes viral.
Man this this and this right here.
i sure hope so
You know that the bearmarket is not even close to be over, when there is still so much hopium and people waiting for it to be over LOL
@@derek4177
The bear market has a long way to go I agree, that’s why you DCA.
People who didn’t buy in the 20-15k and still waiting for 10k to buy are now butthurt because we are back above 20k. We might go to 10k, even lower if there is a true recession, but will those people buy at 10k ? I would be ready to bet that at that point they will “wait for 5k or 1k”
@@JEYMS oh boy lol, dont tell me I am butthurt, just because I have this opinion. That just exposes yourself as an emotional trader, like a projection of yourself. :)
I actually timed it pretty well and bought bitcoin for 15500$ 👌and I will hold that for a while.
Even though I still believe we will very likely go way lower, but this way I am not 100% out of the market, which you whould never be in general.
I will be buying at 12k, at 10k, and everything under 10k of course.
I am still about 90% not invested, because I am pretty certain dark times are ahead.
This fake rally here I never took serious. Look how almost everyone turned bullish within a month again, still so much dumb money hahaha that clearly indicates, we are not even close to the end of a bearmarket.
When I saw that NFT art was verified by essentially a pointer URL, I thought of all the URLs from ten years ago that are now dead. That's gotta be the shortest art 'ownership' of the century.
Don't you think visa, master card, and all the bank branches and their offices and their servers around the world are burning much more energy to maintain their system compared to bitcoin.
James, I think TH-cam is getting too small for you. Your quality in documentary and storytelling are unmatched. This felt like a proper feature film.
TH-cam is literally the LARGEST platform for his content.. you're just like an old person, aka a boomer, so that's why you ignorantly think that there's more money for creators outside of youtube..
@@canyuksel7215 Are you inviting people to watch @coinbureau ?? seriously? the same guy who mention how great LUNA or CARDANO will go up or perhaps how good he use to talk about FTX??? you are cracking me up dude.. @coinbureau it is just another crypto announcing tool use by all these scheme scenario.
Relax. It's a opinion piece on Bitcoin - of all things. They want to sell you CBDC's instead. They want to sell you dependency and slavery.
Too bad this video is full of factual and logical flaws.
@@ManPursueExcellence If the video creator wasn't such a pu$$y and would stop deleting my posts, you would have seen my lengthy outline of 10 examples of why this video is completely debunked. Makes you wonder why he needs to censor me, huh?
Who would have thought a digital currency designed to be naturally decentralized and difficult to track would be appealing to scammers?
On tracking, BTC and ETH are completely public. It's incredible how many people have gotten in trouble with the tax man for trying to hide income on them.
@@boldCactuslad yeah you can just launder the money and use anonymous wallets to avoid that
@@gregkaczmarek7084 wdym?
@@YOSSARIAN313 You've got it quite wrong. The appeal is the permanence, not the anonymity. You can't charge it back, but you always know where it goes.
Which is more difficult to track, cash or bitcoin?? You clearly haven't a clue what you are talking about
I thought everyone knew that investing into crypto was a sort of a gambling game where you gamble on the future. The problem is that way too many people with way too much money are willing to invest too much into a crypto, in essence making that crypto unusable for its original intended use. So there will always be an initial spike, and that initial spike will likely always end up going down. Way down. Once it hits bottom, thats when the real intended use will begin to take place.
Take axie infinity as an example. Now that its currency completely crashed, there are in fact many people playing it not because they can earn so much money, but because its a game they enjoy with a community they enjoy. It became sort of like any trading card game, where you can play for the sake of playing, but also play for the sake of collecting rare creatures/cards.
Basically, there will always be initial hype for anything crypto or blockchain related. The spike represents basically how many people think it is a good idea.
ohh man lets see how well this ages.
It's already obsolete.
There should be a law against celebrities endorsing scams coz this is happening all over the world
They'll claim ignorance and say they didn't know it was a scam, were just doing it for money.
Let's pass a law that says politicians can't participate in the stock market too
IE Endurance, Car Sheild buyer beware!!
I think any celebrity who knowingly backs up a scam knowing for well and I'm sure they know full well that it's a scam. These celebrities have to know that it's a scam because I'm sure they've got all of the finest people advising them, or at least they should anyways. But any big major figure or celebrity that's involved in a scam like this should automatically lose everything they have. i'm so glad I didn't invest in cryptocurrency because it's terrible for the environment and if I had any real gold to my talent which I know I do, I would steer clear of this type of crap. I'm too passionate about creativity to be involved and get rich quick Ponzi scheme that destroys the environment and waste energy
WTF does a celebrity know about anything except for remembering their lines?
This aged well
You won’t
90 percent of people invested in crypto lost their money
@@StudioFocus-hh7dx be that 10% and educate yourself
Thats how all markets work, smart money wins@@StudioFocus-hh7dx
@@StudioFocus-hh7dxthe irony when a bitcoin Andy Tate fanboy says something like "educate yourself" 😂
He can tell that now to the SEC…
SEC has approved numerous ETF and hedge funds. I guess the SEC is ftoopid as well, or this guy has offered clickbait? The latter, clearly
Art on the blockchain, worth what you are prepared to pay for it.
This video was more of a work of art than any of those NFTs
Imagine if at the end he would've auctioned off this video after putting it on the blockchain 😂
Yes. A lot of fiction and interpretation. Unreliable Information, all mixed together and sold as the same.
when you are too rich and you have nothing to do or feeling bored you buy a board ape NFT
Banana! Banana!
Just need to make an NFT of the thumbnail and sell it
This video is so great and revealing it should be turned into an NFT and sold for more than a trillion dollars. So enlightning! Thanks James
😂😂😂😂😂😂
Crazy🤣🤣
This should age well 🌙🚀😂😂
you do realize he actually posted this video exactly at the cycle bottom of Bitcoin, right? at ~$16k
go ahead, look at the price of Bitcoin now 🤦now look at the price a month ago when you posted this comment🤦 much enlightenment right, very wow🤔
@@DimesterMastershould had been a buy signal but then again we have Cramer for that.
Can people print out the artwork purchases? Can you buy it at art shows?
This is the exact therapy I needed for having consistently missed the best investment of our lifetime.
Hey bro do you see my comment I made 3 months ago .
He made this video at the stone cold bottom. It was 16k and now it is 43k
truly bro @@nathan.861
The guy who made this video is a bum, I earned more than him just from crypto 😂
@@nathan.861 he is a buttcoiner lmfaoo
As per usual, the best policy is to ignore the noise and keep working on providing real value through products and/or services.
AMD fanboi detected! (sorry, I couldn't help myself)
@@Hk7762Tube omg that's funny XDD just saw it now
I'd like to point out that one of the major problems with Cryptocurrency is that what government in the world will allow Crypto to take over THEIR control? Organisations like the Central Banks and the WEF will simply come in and create their own digital currency.
Once they legalize THEIR digital currency worldwide then, who in the world could compete with them?
that requires "work" though
@@shaq9361 most thing worth doing do
Bought 10,000 acres in Dustbowl, Oklahoma. Only thing wrong was no water included. Getting rich doesn't come free.
I tried to get through it to “see the other opinions” but it was so oblivious I couldn’t make it. Yes there will always be scams, and more at the start, but to overlook the tech because you’re bummed is a real oversight
Great video bro this was amazing. Hope your health is all good I made a documentary on wall street for my channel which took about 4 months to make, the making of that video took a lot out of me and mine isn't even on the same scale as yours so hope your health is all good. Great job.
Don't stop making videos saw your content it's amazing. Carry on.
Leave a link
@@paradevparadev5371 Hi, I don't want to spam the link here as this is not my video. However, if you click on my channel you can find it.
@@Sat. channel name?
When the general public doesn't know what the fundamentals are. In either case what they are nudging people towards is CBDCs.
I don't wanna argue whether bitcoin is a scam. My thesis is simply. If a fixed supply decentralised asset is a scam then inflatable USD is a bigger scam. That's all.
If you really understand Bitcoin,the phrase "Bitcoin is a scam" sounds like a Funny joke 😂
inflation is not bad, it's actually is nessasity: when gdp grows you need more fiat money to embrace extra products.
The whole crypto is just useless stuff for an average person. The only meaningful thing for me is stablecoins.
Wrong its good for the countries goverments and companies bad for normal people
Lol you can't print bitcoin to help masses of people thought. .inflation comes from printing too much...but people would perish without respite.
This video is brought to you by J.P. Morgan & Blackrock 😂👍
They both have dealings with Bitcoin and they will go in any direction the money is flowing. Bitcoin would also be a currency, so doesn't really actually change their fundamental business activity. So if everything went over to crypto, the value of assets and positions will be expressed in crypto form.
Do you think they went bankrupt when the Euro came around? no.
nice try though
You clearly have no clue what's going on
I personally got into crypto because it was the only way for me to be paid by my employer overseas due to swift being blocked in my country due to sanctions. (You can probably figure out where I am from.)
It was also a fairly secure way to complete transactions quickly without fearing chargeback from the other party, since everything on the blockchain is permanent and easily verifiable by anyone.
There is genuine use for crypto which doesnt hurt people or the world, but its just not worth the hundreds and thousands of cashgrabs and rugpulls.
I really hope technology gets to live on with projects like Monero, which has a unique and genuine usecase aswell, I just hope the nightmare of get rich quick schemes will come to an end.
Something thinking reasonably. There is CLEARLY issues with crypto, but that doesn't mean we cancel the whole thing.
There are winners there, you just have to look REAL hard.
There are use cases happening right now with crypto mainly within underdeveloped countries for very different reasons (check other comments as well). Bitcoin won't die despite the drop in value. The biggest risk for its existence is if governments start to support freedom and responsible monetary solutions, which is not happening anytime soon.
The company i work for uses blockchain for publicly recording data(many kinds of data, won;t go into detail) that can't be altered! (never made a crypto currency)
Transparency of transactions that can't be altered is key for many use cases including how is the tax payer money spent and where does it go after that!
Web 3 is just an internet where you pay to use a website instead of having a free internet where your data is being tracked and sold!
In crypto the people that got scammed are the ones who wanted to scam others! I don't see SPAC and STOCK scams seeing the same popularity as crypto...
@@MnMEminem So pay to use internet got it
I hate when people talk about crypto as scam... Yes there are a lot of people using it to make loads of money by scamming people but isn't the dollar the same thing? After removing the gold standard the dollar is worse than crypto because it's money printing is controlled by a centralized authority which prints money as they'd like to manipulate markets/inflation/etc. It's controlled by central banks. For me crypto is the better alternative to the current monetary system. Most of the things in this world are as valuable as people make them. Yes, there are things that are scarce like precious metals etc. Look at diamonds for example...
As an artist I was very excited when I first heard about the NFT's. Because at first it seemed so good for me like "yes, finally artists are able to sell their digital art for the same value as the traditional art."
Then I found out that all of the people who are interested in this "art collection", are stoner classmates from my highschool, unemployed people and influencers... That didn't sound right.
LOL
unfortunate. Because digital artists, who have been creating digital works since the late 50s, see a Non-fungible Token (NFT) as a 'canvas'. And they continue to create and use this 'canvas' to deliver their work effectively and profitably.
Sounds very much like the art market to me.
Why can't I screenshot an NFT that's say worth 10 million but only sell it for 100k?
You can screenshot my butt hairs and paint them as art and sell them for 1 million each and just pay me ten percent like 100k lemme know when you are ready.
One of the best thing about blockchain, this tech can be used for other things like documents owner, transfer, etc but it is used as trading, drugpulling
Just clicked away a helium ad. In 2024...
As an artist, I am so glad I didn't believe the NFT hype. Seeing the ugly "art" that was being popular and promoted, it told me that the big money won't be going to genuine artists, because the game is rigged. As usual.
same as modern art
The whole point is to transfer money from person A to person B. Nobody actually believes any of it is art.
NTFs were certainly hyped and abused .... by many.
NTFs do have actual uses, though - for written contracts, deeds (signed or unsigned) and beyond ... even art - or collector items, real coins, etc... can be - verified via a public or private, distributed chain of blocks (records).
I thought it was interesting they were able to find out lots of information behind the shady and scammy activity, because _MOST_ blockchains are public!
Some do have strong privacy features, though...
The block chain itself doesn't even handle the actual nft, it's not efficient enough. You get a bloody link to the stupid thing.
It's important to make clear, the nfts are not the art itself. Nft is just a unique number you associate with the art to tell that art is yours, like an ID number.
Good video. Liked the research. I agree that most of it is speculation, getting rich quick and scams. However, I do see real use cases happening. I see more people doing international currency exchanges at better rates and faster than the traditional system. 90% hype and 10% real use cases.
Greed sells. So does fear.
You can exploit people’s hopes and dreams but you can also exploit people’s resignation and cynicism.
i remember when NFT's were just starting to become mainstream, I was at a friend's wedding and one friend was trying to explain to others who didn't know about NFT's what they were. I gave in my two-cents and just said they're basically things that people with too much money on them buy. How fine that sentiment has aged.
People who don't understand a technology trying to explain it to other people who don't understand this technology....yeah I'm sure it aged great. NFT is a proof of concept of digital uniqueness...right now there's little use for it on its own and most don't understand it . But it's a groundbreaking technology.
people with too much money buy things that are fun, entertaining or pretty. NFT are none of these things.
It is not like a 10 thousand dollar bottle of of champaign or a carefully crafted ice sculpture, its just nothing.
If they want to waste money on nothing, why not give it to a worthy cause like doctors without borders or the cancer society, why give their money to scam-artist.
@@fabfab4453you are incredibly obnoxious for someone who wants to defend fraudsters.
what good is digital uniqueness when there are billions upon billions of digital items created ? its a needle on a haystack-time wasting.@@fabfab4453
@@thatindiandude4602 sorry it gets a bit boring when people blame the technology to justify them not looking at what they're buying. It's not because you overpay your stupid NFT that the tech is not great.
With everything in the world the first iteration of something is going to have problems and cause problems that doesn’t mean we should completely write it off we should improve it instead of complaining about…
It's been 13 years since bitcoin was first launched even facebook has progressed more than bitcoin which still has to rely on useless hype and greed of it's users to promote it but instead of coming up with results and more advanced technology to make it more user-friendly and suitable for mass adoption on a large scale,it is either used for illeagal purposes or used in "get rich quickly" scams bitcoin and it's various iterations have never really made it out of the shady and negative reputation of "magical internet money" if this isn't enough to realize or break your illusion,then god help you
Nice piece James. Keep it up.
Is this video available as an NFT?
If it is it'd have to be loaded on BSV blockchain, I believe.
Dude! That is really funny.
This video marks the bottom. Thanks!
Wow! It really did mark the bottom!
I love being right! 😂😂😂😂
You’re damn right man
Conflating solid crypto and side things like NFTs & crap projects. Solid crypto been working great and improving technology for over a decade now. Gaining traction too.