Why I Don't "HODL" Bitcoin
ฝัง
- เผยแพร่เมื่อ 13 มิ.ย. 2024
- First thing’s first: no, it’s not a typo
Secondly: Bitcoin's back to an all time new high, but I'm sitting out. In this video I explain why.
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DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.
If his assessment offends you, you are emotionally attached to your investments. Never a good thing.
Have fun staying poor.
@@lrayo do you even know what a Ponzi is?
@@deadgorgeousrecords4396 losing money feels good because its an opportunity to see where you fucked up. It only feels bad once you find out you lost because some stupid news headline or tweet manipulated the sheep.
Agreed
@@pluto8404 no, losing money feels bad regardless. Maybe you can learn a lesson from it, but if you take pleasure from losses, then I’d imagine you’d balance to be $0.
This aged well
Very well indeed
Two months later, and it aged VERY well.
Love the follow ups when it got wrecked yet again
This aged even better.....oddly enough, faster too.
Still continue to age like a fine wine
Gem of a channel for actual analysis, and less hype 🙏
Thanks James, that means a lot coming from you!
@@ThePlainBagel why, who he?
And fud.
Agreed. Very refreshing to not have another TH-cam that focuses on just hype.
@@ThePlainBagel Wait, wasn't HODL something idiot's did back 4 years ago?
"Only a sith deals in absolutes"
That's an absolute, Darth Bagel!
Damn.. My boy Richard here didn't invest in bitcoin...
He invested in the gym! Look at them biceps :D
Right??!!!
In this video you can't tell much, but he's got some nice pecs too
Its from all his arm movement when talking
He sure did. He gave this a good try with Bitcoin.
Ikr?! This guy is a living legend
I own bitcoin because I think it's dumb but I want to hedge against me being dumb.
Shouldn't you short it then to even out the dumbness?
That's not what a hedge is
Smart man
@@iamFegor well he did say he's dumb...
@@tomlxyz That's not evening out, that's doubling down.
There's a Schrodinger thing about Bitcoins-- It will have value (and worth investing in) only if it becomes a usable currency. But for it to be a usable currency, it cannot have the wild volatility that the investors love.
Finally! Somebody points that fact out. That stuff is NOT currency. It is the best example of people "investing" for price rather than value. If you choose to invest for price, then you only have yourself to blame if things go horribly wrong.
It's a digital asset as gold, but there are other cryptocurrencies, it's volatile, but it's just the beginning of crypto
@@fahadalghamdi9316 its meant to be more of a store of value than a replacement to the dollar. that will come as a coin in another name.
For future reference: the paradox you’re describing has a name, it’s “catch-22”. Another example is “I can’t get a job because I don’t have experience, but I don’t have experience because I can’t get a job”.
Reminds me of how Nano is trying to cut away from the crypto space and instead of adopting the hated NFTs are trying to partner with actual companies, its advocates often make apps and programs that aren't just trading alone and are even aiming for the prestigious space in Forex. However, since they are still not used by that many people their prices (so most of their ups and downs) still adhere to Bitcoin (despite trying to do the opposite of what standard cryptocurrencies would do).
Never invest in something that's being sold to you. I like that.
Okay, so you won't ever invest in anything because you can't buy something that must be sold to you. I hate when people are thinking in category of slogans repeating someones words as you don't have own opinion without these "wise" slogans. Slogan using people are easy to control. Buy/sell is the market so c'mon yall will be spreading that nonsense slogan to look like you are smart people saying so.
@@uneverknow8154 "if you buy bitcoin that isnt sold to you, you stole it" - Benjamin Franklin
"Only invest in things that have a higher future value than the present value" - high iq bot
@@pluto8404 nah, I just mined that bitcoin
Especially the ads which say "send us your money and we'll send you our gold..." [because they say gold is more valuable].
I do not understand the downvotes and I own crypto. He explained his view in a polite way and he has some good points. I do not agree with him and I will continue buying crypto. No big deal. He is free not to buy, I am free to buy, everybody happy.
I do not find his arguments good and in my opinion he doesn't undestand how the Blockchain Technology works, for ex:Private Key/Public key where he explains the danger of losing all your Bitcoins, when you forget your password. You can still have a middle man (exchange) for your BTC if you want (for the Grandmother). Talking about something without making a deeper Reasearch is misleading. People are waching and trying to educate themselfs so I find it correct to downvote something bad.
@@prodeaalex7025 If you lose your password and keys the coins are gone. Where exactly is he wrong in this?
And promoting exchanges is just funny, since all bitcoin hypers do is say ''not your keys, not your coins''.
So which one is it then? And if you allow the exchange to hold your coins, how is it ANY different than letting a bank hold investments/money, just without the government backing you up if the bank goes under?
@@prodeaalex7025 It does not matter if he understands Blockchain Technology in the greater scheme of things. It's a detail that very few people truly understand yet they invest no matter what. And yeah sure you can have a middle man trading for you. But here is the catch. If the middle man desides to take your Bitcoins and leave you a goodbye note you can do exactly nothing because Blockchain Technology does not allow payment cancelations. Pretty cool right?
@@aris13pat1 also it's just kicking the can down the road. The middle man can 'forget' the password all the same and you have no recourse to get it back.
@@Martlns the difference is it has a limited supply and not getting inflated away at unknown quantities. Also, it’s not for everyone. If you want the privilege of total control over your wealth it comes with responsibility. Just like how you get home insurance you take the necessary precautions to not lose your keys or diversify on wallets etc.
However, I will grant you that the barrier to entry is a challenge for those less technologically inclined.
with all the cult-like sentiment in crypto, your realistic opinion is a breath of fresh air.
H
A
Cult-like sentiment in every top asset silly point.
Brandon Derrick No not really, no one is their life settings on VT.
lol everything have a cult when it comes to investing
this is the most compelling video for being cautious. not just the points of view presented but the WAY you've presented it. you're a very personable youtuber, so it sounds like a friend talking to you about it.
GREATLY appreciate the "low-key" approach to your channel and the fact that you turned down "promotional money" from bitcoin advocates gives you even more credibility.
Thanks for being impartial in a sea of hype.
Everyone gets bitcoin at price they deserve
I don't hodl Bitcoin either.
Dogecoin on the other hand...
@@Andriak2 Dogecoin is literally the worst coin that ever existed lmao
How old are you ?
@@kipras7114 you’re missing out
Great for you. The price is 30% higher now.
You seem smart, you'll buy Bitcoin eventually
Richard, your channel has been a godsend, and so enjoyable to watch as someone just getting into investment banking.
Thank you!
Everyone buys bitcoin at the price that they deserve.
You are so fucking right. Best sentence I have read all day. Thanks man.
Everybody sells BTC at a price they deserve
How do I favorite a comment?
Literally applauded. One of the best remarks about bitcoin I’ve ever seen
Isnt that true for anything tho ?
When even Graham Stephan bought it, that mean fomo is going crazy
Did he mention how much he bought?
After seeing one of Andrei's latest videos where he shares his net worth and distribution of assets, it hit me, that most of these finance channels don't even believe in what they are talking about. All of their investments are likely conditional payments for doing promos. I'd be amazed if it isn't the same with Graham. These people just talk at their audience and cash in on ad deals from whoever pays the most. Richard looks to be one of the ethical ones. I have yet to see anything sketchy from him.
@@haosmark Ofc not, what they do is create content to get income. They often even have a patreon and some sob story so millenials and zoomers that should focus on paying down their student debt and save for a home can send them money instead and feel like they're "helping". It's *very* exploitative.
It plummeted just as he bought
@@hungpham4615 he said he bought $100k
Increase your time horizon... Boom, bust, repeat. Higher lows
Also you marked the bear market bottom lol. Going to keep an eye on your videos to signal the top and bottoms. 1-2% of your portfolio will outperform the rest of your assets
all the negative comments aged really well…
This is a guy who fully understands what investment really is
Man, great video. Im still bullish on bitcoin long term and love my portfolio being 10% crypto. But we do need rational arguments on this topic. I appreciate it. Love your content my man.
You’re right that we need rational arguments about bitcoin. I do see the value bitcoin and other crypto currencies have, at the same time we’re still figuring out where it should be valued at. Bitcoin transactions have gone up drastically in places that have had a currency collapse like Venezuela and Argentina, but at the same time they’ve had a rise in the use of the US dollar and gold and silver as well. I’m trying to remember which one of the 2 are using their own currency only for small purchases and the dollar for larger purchases like a car and a house, and is headed towards a complete switchover to using the dollar for the majority of transactions.
Ka-boom...
You really need to consider the opportunity cost of putting your money in digital monopoly money. 10% of your money was in a pump-and-dump scheme.
@@swissarmyknight4306 you aint wrong buddy. But i really see value in crypto. I also believe more and more ppl will wish for approaching sovereignty over their money. If thats the case we should have another bull run. But yeah, im willing to loose 10% if im mistaken.
This is the second video of yours from a year ago that I've watched in the last two days, and it's the second video of yours from that time that has aged very well indeed. BTC currently down 65% from where it was when this video was made. Thank you for the cool, reasoned, educated assessments.
The inflation part didn't age as well though...
@@ondrejbronec837 which I think is a good point to be wary of anyone who claims they can predict the future
Of course the crypto market is down right now. Our macro markets, like the S&P500 and gold, is down. Until the big boy markets improve, crypto isn't going anywhere. The Crypto market is extremely small compared to the macro markets. Not even a blip on the radar.
@@mediokurgamers8433 He didn't claim there wouldn't be high inflation in this video though
@@1queijocas the point isn't whether or not someone did predict, the main point is that you should be wary of anyone who says they can predict the future with any sort of accuracy
This aged like fine wine
I think you mean like milk!
Turned into vinegar 😂
Oh boy, can't wait for the video about GME
😂
well this and vw gives great topic for short squeeze
u can not bet against WSB bois
Don’t forget AMC
This is why you are one of the very few financial advisors that I trust.
Yes "don't buy Bitcoin just after a halving" is some trustworthy advice.
@@taikamiya8214 lol how is your bitcoin going?
@@Ravi-xf8dw Fantastic... I got rid of my bank account in 2018.
@@taikamiya8214 so you havent cashed out... you gained nothing
@@nabicx What do you mean "cash out"? I don't have a bank account, I don't use fiat. I've only been spending Bitcoin since 2018.
Plain bagel always ages well.
Man, I can't believe how well this video has aged. Well done and thanks for this!
What are you smoking? Video has aged fairly badly.
@@MrMan-dy7sg in what sense?
@@MrMan-dy7sg Bitcoin is down like 50% since this video came out.... How has this aged badly?
@@Skipahhhh This video ages well & badly depending on where you are along the BTC cycle (for as long as it lasts; if it lasts). Crypto is utterly speculative (likely 99%+ of the 21K+ coins will eventually go to 0 but some have genuine use cases). Certainly NOT for the faint of heart, and definitively NOT something anyone should go all in on; unless they like living in a cardboard box if they bet on the wrong one.
@@MrMan-dy7sg cope harder
It is very hard to trace, it has high liquidity, wide accepted, and used by criminals around the globe. Yes, I am talking about paper currency.
Yeah Hahahahahah
Don't be disingenuous. Who tf seriously fights for paper currency. What about digital fiat? Digital wallets holding various currencies?
Richard is one of the few voices of reason on this platform 😎
I think he could have gone further with the inflation argument. Why buy Bitcoin if you're worried about inflation? Just buy a REIT. REITs are better than crypto in every measurable way as an inflation hedge. The debt of the REITs gets devalued as inflation rises, the property values increase, and rent increases which increases your distributions funded by cash flow.
@@blakemorgan8450 he doesn’t embellish or hype matters. Very level headed.
@@jasonbadua3454 bitcoin transactions have gone up in places like Venezuela and Argentina that have had a currency collapse. Then again transactions with the US dollar along with gold and silver have gone up in those places as well. If you’re worried about inflation it doesn’t hurt to have some of bitcoin, gold and silver as insurance against the worst case scenario. Granted I do consider bitcoin to be more speculative than gold and silver, but it doesn’t hurt to put a small amount into it or other crypto currencies, just in case.
@@jasonbadua3454 I never said REITs were a safe haven asset. I said they were an inflation hedge. Yes there are situations like COVID where people can't pay rent which can hurt returns. Bitcoin is NOT a safe haven asset either. Bitcoin crashes each time the stock market crashes. If you want a perfect safe haven inflation hedge without risk, buy TIPS. Otherwise, REITs and the Materials sector are great hedges against rises in prices.
Definitely not
As a Bitcoin 'hodler' I liked your video and you've gained a subscriber. And although I see a bright future for Bitcoin, it is for sure a very high risk speculative asset, other crypto are even worse. Also, never invest more in Bitcoin/crypto than you are willing to lose!
hows that going for ya? millionaire yet?
Well I hope you're okay losing your bitcoin investment!!!
😂😝😛😛🤣
Truly agree with the 4 reason but should also have a discussion of the IMPORTANT FIFTH REASON... THAT BITCOIN IS HISTORICALLY INVOLVED IN SCAM!!!
😂😝😛😜🤣
There have been a lot of ACTUAL CASE that it has been involved with the owner running away with all the money and another case involved in some form of pump & dump scheme!!!
There's no REGULATION & SECURITY that any bitcoin creator can easily get any people money then waste it on fancy partying!!!
THERE IS NO WAY OF KNOWING IF A BITCOIN IS BEING USED TO STEAL DUMẞ PEOPLE'S MONEY!!!
this aged really well 👌
For now. It will age badly soon.
@@MC-nf3js aged well, not badly
@@MC-nf3js then you are proving his point: Bitcoin is an almost purely speculative asset that was wild, unpredictable swings.
Did it really though?
Keep up the grind, love your vids!!
If any business tries to tell me that BItcoin has a P/E ratio, I would run away.
Always enjoy hearing your perspective on things mate.
Hi
Thank you for all your videos! I love how you deliver the info and very calming to listen to.
Lol this vid got so many downvotes by cryptobros. Yet it aged so well.
Funny how we determine a crypto currency's value by how much it's worth in governments' currencies, while it's simultaneously supposed to be replacing those currencies.
I'll make a bold prediction: The US government will never adopt a crypto currency to replace fiat. Why would a government like the US financially cripple itself with an artificially scarce currency, when it already has the ability to create as much of its own currency (USD) as needed?
This is aging very well.
How good did this video age!
Thank you
This vidoe aged like fine wine.🍷
Don't worry, the inflation is tRanSitoRy
Bitcoin 101: Once you buy Bitcoin you join the marketing team - you will tell everyone else to buy and HODL it - that's the only way the price will go up, i.e. increase demand (market it to your friends and family) and limit supply (HODL). Never mind its just a string of characters which can't be used for anything except to give to someone else.
Ye. Just get out while you can. Being too greedy and expecting it to hit 200k is going to burn a lot of people. Once people start cashing out their BTC to buy their yachts and buildings, it should fall from there then. I can't see BTC reaching those prices, unless the yacht company starts accepting BTC and pays their employees in BTC and pays their taxes in BTC.
I love what you said at the end about being sold on something and ignoring it. Will definitely try to keep this in the back of my head
I am new to "investing" and started reading "The Intelligent Investor" several months ago. I was having trouble understanding quite a bit of it so I started looking for some TH-cam help to get the basics of the basics. Your videos have been very helpful. Interestingly, your advice very often lines up with this book.
That book is wonderful. There is infinite wisdom inside!!
That is a great book.
I feel it is worth its weight in gold. Stay with fundamentals.
It’s not a book for beginners. I would recommend Buffetology.
That book was useful 30 years ago. Have fun buying your 5:1 PE ratio stocks like Intel with 1 percent yearly dividends while avoiding Shopify and apple with their 30:1 ratio
@@DragonZombie2000 hahahaha, that so true.
I don’t mind at all if you want to republish this video every week. Really helps with the FOMO
You could also buy like 100$ of bitcoin more or less. If it goes up you got a free big mac and if it goes down it’s just 100$.
@@enriquellerena4779 You could also bet $100 on red and get a whole stack of burgers or lose $100.
@@CalSticks this assumes that bitcoin is nothing more than pure gambling/speculation. Multi billion dollar institutions/companies wouldn’t simply gamble with money on their balance sheets
It’s a risk but it has an a-Symmetrical upside.
@ph_d_hacker
I mean, they literally do that all the time though. Banks, for example, do that all the time. That’s why they hire so many mathematicians and statisticians. They basically want to be like card counters in black jack. There’s still a lot of luck and speculation involved when making investments, but if you develop a solid method to make sure you turn a profit in the long term and you have enough capital then ideally it would all just be a matter of time. Hedge funds do the same thing. Many large corporations dabble in FOREX with their profits to try and maximize their purchasing power when and where they need to reinvest them. Unless you are the one building the company you have stock in, all investing is essentially gambling, but-at least in theory-there’s no “house” to rig the games in their favor. This is also why diversification is important: you don’t want to lose the whole pot on any one bet. Just like you don’t go in on any one dice roll or roulette spin.
I had to delete my old comments on this video...they were so cringe and biased. Glad I took a second take on this video.
Bitcoin was $33K USD at the time of this video. It's now $68K USD.
Just 9 month and argument about inflation aged so bad
As a person new to investing I to thank you for your grounded, and logical perspective. 👍
The integrity of this man 👏🏿👏🏿👏🏿 I’ve watched a few of his videos. This is a great channel!
"Only a sith deals in absolutes"
That's an absolute...
When someone makes an absolute statement about an opinion absolute, this makes that specific someone dealing in an absolute. 🥴🤷🏻♂️
I appreciate the measured approach to the asset. I would be curious to know your strategy for handling the likely dollar crisis. Especially for those that are not wealthy enough to hold real estate, fine art, etc. I think it’s easy to dismiss it as someone who understands assets and is part of the rich get richer side of the population.
I also think comparing it to gold market cap is useful along with the stock to flow model. Saying it’s a short get rich quick speculative binge ignores its 12 year history. I guess time will tell but the longer it exists the better the network effect.
You can hold real estate with less than $50. Just buy a REIT. REITs are better than crypto in every measurable way as an inflation hedge. The debt of the REITs gets devalued as inflation rises, the property values increase, and rent increases which increases your distributions funded by cash flow.
Bitcoin is the only 100% fair asset. However fair doesn’t mean equal. The way bitcoin worked is they never had an initial purchase. Like with a home there is 2 ways to get a home you can buy it or build. It. Same with bitcoin. Yes you can buy it. And you can mine it. The people who supported the bitcoin network are rewarded with bitcoins plain and simple. Fair to everyone but not equal. To those who only view bitcoin as an invest are not thinking big picture.
@@blakemorgan8450 this is true good point 👍 I own REITS for that reason. Although admittedly the potential upside is way less than btc
@@alanlee6676 Just like every other dumb money individual in BTC, you've managed to write a paragraph without saying anything substantial at all about the topic at hand. Just "Bitcoin is future, bitcoin is everything"
@@bigpep7987 if you can’t see what’s going on maybe it’s a good think you don’t own any. There isn’t enough for everyone anyway.
One two half two donut is back! :)
Edit: That Sith remark had me spit out my coffee just fyi. :D
i like you plain bagel - discovered you yesterday and I love it
Nice gains man, looking sharp!
My favorite absolute statement is "Only a Sith deals in absolutes"
I'm Darth Titan
A statement like that is an absolute so I guess the jedi do too. Lol
I invested in Bitcoin with a mindset that there is a 90% chance that I will not get my capital back
@CMS Roanoke they all closed sadly.. so i have no choice
@CMS Roanoke wkakwakwa you got my point bruh, Bitcoin is my religion right now xD
Very interesting video! I like the way you deliver it!
Subscribed. Good analysis. From a portfolio perspective, a small allocation (in the 2-5% range max) to cryptos can work to deliver some returns (essentially as an "alternative" to alternative investments, which are usually difficult for retail investors to get to). Assuming of course one understands that there is no real fundamental driver for its price and are willing to accept wide swings in value.
Like a fine wine, this has aged to perfection.
I searched "Dragon_Slayer64" in the comments section
Did you find them?
Appreciate the smart, focused videos on this channel that avoid hype. I have folks that keep trying to sell me on crypto, and I stay away for many of the reasons you mention.
Great video man! I’ve always been sceptical on crypto but couldn’t really articulate the feelings I was having about it. This video pretty much summed up my uneducated opinion lol, thank you!
There is just 1 incorrect amount of Satoshis to have: 0.
True. Lots of people hate on BTC but what's the harm in putting 10 bucks into it just to get a feel for it?
Hello mate, leave me your email address i have something that will interest you
@@markdonald6115 how@about.no :)
@@internetceo
Can I interest you in some free malware?
Bitcoin's P/E ratio?!
Benjamin Graham would be turning in his grave...
Hook him up to a generator and maybe we could offset the energy consumption of all the bitcoin mining!
and today you are proven right
This is a very US centric view on cryptocurrencies - in Ethiopia when your Birr has lost half of it's purchasing power in 2-3 years BTC starts to look very nice.
They have a huge war in Ethiopia, there is no coverage in the US at least.
It's easy to make pile on videos like most youtubers these days so I always like your perspective
Wtf is it with the downvotes? I have >70% of my portfolio in cryptocurrency, and I love the fresh view from him. I'm a new subscriber, and will be a subscriber of his for a long time. I've been enjoying his other videos too, they're very informative. He just has a different view on cryptocurrency, that is all. Nothing more, nothing less. Keep up the good job, my friend!
People can tend to be butthurt bitches
How's that 70% going for you now lol
@@asteelcup859 Been going great. I'm a damn good trader.
just one year later...
Thank you for being honest about the marketers trying to buy you out. Just confirms my suspicions that All these other financial channel youtubers are selling us something instead of being authentic like you. Thanks brother for not selling out
Has he gotten more swole 👀👀👀👀💪
He is preparing for the crypto war
@@JavaSchoolBlues ok
He is mining Bitcoins physically.
@@JavaSchoolBlues ok
Powered by crypto
Wow Richard's biceps seem bigger. Congrats
Bitcoin isn't the only thing getting a pump
@@harrychowd progress is progress
I think its a great video! I really liked it. Thank you!
When I first started investing I did not appreciate Plain bagels calm demeanor and lack of hype.. because I was an idiot who wanted to hear bullish things all the time. Now, i think plain bagel is 1 of top 3 finance channels on youtube
Watching this video now, as BTC peaks at like 67k is refreshing.
This did not age very well…..at the time he posted this video bitcoin was at around 30k-32k…..he obviously doesnt understand bitcoin and the halvings on the long term.
@@pokiblue5870 guess he's just not investing in something he doesn't understand. he is all about stocks normally and I know lots of Stock crazy people getting 12% a year but think Bitcoin is a scale with 300% yearly
@@pokiblue5870 he is a stock analyst. I think he has a point. Also want to note I do invest in crypto and think that you have a point too.
@@byroncanty8986 investing in crypto is a one life opportunity. If ur not scared to see 20-50% drop then crypto is for you, because at the same time it can go up 20-50% 😎
Aging like fine wine so far
Most Plain Bagel videos seem to age well. Like fine vine. And remarkably, he never ask for "THE PLAIN BAGEL INVESTMENT COURSE, ON DISCOUNT ONLY TODAY", like he might have had if he called himself "Meet Bagel".
This aged well.
Video aged like fine wine. I didn’t invest in crypto because of these reasons. I missed the chance to buy bitcoin around $100 and kicking myself. But glad i HODL on to my money.
Well this aged well...
It still is ageing well, lol
Man, you are cool! Respect. Respect also for keeping your channel credible.
Clear points that are very calmly explained. Great video.
"Not Bill down the road who works at the mechanic shop, who's been watching a lot of Austrian economics TH-cam videos lately." hahaha that was me 12 years ago :) (AND I was a lube technician at a Ford Dealership HAHAHAHA)
Curious on what his points would be on Defi! ;)
I love your videos and advice!
Very well explained . Opens up the horizon
Looking at Modern Monetary Theory which is largely based upon the Phillips Curve as well as looking upon the Keynesian Aggregate Supply Model I believe that people are overestimating the threat of inflation. Whilst the Phillips Curve is not shown to always hold as there have been points in history where there has been both high unemployment and inflation, we have not seen this at the moment. Furthermore, at least interest rates are very low and good be easily used to combat inflation (But to what cost for Aggregate demand?).
Man I just want to say I really appreciate you giving all this valuable advice to financially illiterate people like us.
May god bless you with double digit returns!
double digits! Ha! when you want to make some real money buy bitcoin
@@arthurdiamondhands474 no. Buy 0dte far otm options.
@@arthurdiamondhands474 Comment aged so well. Double digits in the wrong direction.
good point about the risk btw! when something has in-proportionate returns for the risks the market rushes to restore balance before you can blink.
something that has 360% annual return historically has to have some serious systemic risks.
Wonderful breakdown of the risks. I appreciate the fact that you’re very respectful with your point of view and don’t berate people who chose to invest. I actually think you would enjoy other Crypto projects considerably more than Bitcoin. Still speculative but the use case and potential is incredible.
Fast forward 1 yr… Why didn’t I watch this earlier?
how much did you lose?
The amount of people in the comments not getting the "hodl" reference in the title is shocking.
@Elias Håkansson It's a video about cryptocurrency. Hodl is just about the most pervasive meme in the bitcoin community. I just figured more people knew about it or would look it up instead of thinking he fucked up his title.
@Elias Håkansson I’d struggle to find any more common or widely understood meme word in the modern investment world than hodl... you’d have o be about 5 mins into investing, or recently woken from a cryogenic freeze to not know it...
@Elias Håkansson I’m an old guy - boomer. I think I started seeing it 4-5 years ago... not sure where though... it became common on all forms of social media in the last few years.
This video ages better and better...
12:45 is a pretty damn good tidbit. Glad you shared that with us.
"When did people start caring so much about their ledgers?" 2008 ring any bells?
Satoshi Nakamoto created Bitcoin in 2009 as a direct response to the 2008 financial crisis.
This video did not get old. Last week's crypto crash just showed how volatile this thing is.
I prefer btc atm over etf's but you have good arguments and concerns, thanks for the content.
really enjoy your videos very informative and balanced. Hey can you do a video on whatever the heck is happening with gamestop stock? I've been trying to follow it and its interesting but a confusing. also if your looking for another 5 minute history idea I suggest the puerto rico debt crises. It has everything lots of bonds and legal court cases and obscure laws and nobody has done a good concise video on the topic.
I almost completely disagree but this was such a well made and honest video you have gained my like and subscribe!
@The Plain Bagel Scammer
He told many lies in this video
@@leopheard like?
@@bennyrodriguez8788 MANY LIES BENNY!
One of the honest channels