Everyone Is Wrong About Bitcoin: “Have Fun Staying Poor!”
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- เผยแพร่เมื่อ 16 เม.ย. 2024
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BITCOIN IN 2024:
Bear Case Scenarios:
Warren Buffet famously said “You can’t value Bitcoin because it’s not a value-producing asset…If you buy something like Bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.”
Charlie Munger has taken a tougher stance - he's called it “Rat Poison that will go to Zero,” that it’s “crazy, stupid gambling - anyone who disagrees is an idiot,” and compares it to - and I quote: “Somebody Else Is Trading Turds And You Decide, I Can't Be Left Out.”
The CEO of JP Morgan, Jamie Dimon, also agrees with this, slamming it as “worthless and a tool for criminals,” and then famously drawing comparisons to smoking, where - you have a right to use and own it - but, it’s bad for you.
An economics professor at Harvard also makes the argument that “People in power will move to regulate anonymous transactions. That you can be sure of."
Deutsche Bank also surveyed their customers, with the majority believing that it will fall below $20,000 by year old.
Bull Case Scenarios:
The asset manager of 3IQ says that his “mid- to high-range price target for bitcoin this year at between $160,000 and $180,000. Next year, it anticipates an eye-popping target of $350,000 to $450,000.”
Another analyst also arrived at a $150,000 price target by assuming “$10 billion inflows for 2024 and another $60 billion for 2025," while Cathie Wood believes that $1 MILLION bitcoin could happen around 2030. Robert Kiyosaki says he thinks that a single Bitcoin will one day be worth $2.3 million dollars.
Some people also cite past performance after the Bitcoin halving, in which - so far - prices have increased in the following 18 months.
My Thoughts:
Fortune recently published a fantastic piece about how Cryptocurrency is seen as “intergeneration revenge” on the financial system, and for the first time - people can take complete ownership of their own money - and, I agree. Of course, with that comes some potentially disastrous risks - but, so far - for those that have bought and held Bitcoin - they’ve been correct.
That’s why I believe - sure, something like Bitcoin has its purpose and it could one day be worth a LOT more money - but, as many times have shown - it could also drop a substantial amount, and that needs to be considered.
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Bitcoin = blockchain of nothing. Scarcity of Bitcoin has been the biggest LIE of the promoters. Pieces of nothing are not scarce; there are infinite pieces of nothing. Making a blockchain of 21 million toothpicks cannot make toothpicks scarce, nor can it make pieces of nothing scarce!!😛😛😛
BTC is not FTX.
I'm a proud No Coiner , Never Used a Smartphone !
@@QuaaludeCharlie All those bitcoiners are the real No Coiners because they hold imaginary tokens which are not real coins. They have to draw a picture of a gold coin to fool people that an imaginary piece of nothing is something. Might as well draw a picture of a luxury yacht to fool people that the piece of nothing is a yacht they should pay $10 million for that piece of nothing. Blockchain of nothing.🤣
Acorns isn't available for Canadians?!
Thanks for giving us click bait... while also giving us no real education on the matter.
This guy gets it.
Agreed.
Graham is awful lol
only thing you need to remember: stay humble, stack sats. Once you own some, you'll quickly figure out why
That’s graham , idk who still gets advice from this guy.
You spoke for 16 min straight without saying ANYTHING . That's impressive .
he isn't a BTC guy, he just doing for the viewers delight! GS is more for stocks and real estate tho this was a nice insight 😅
@@alejoswp nah .. he's just scared after the ftx lawsuit
Yes but still so many likes, wtf
You'd be surprised at how many people find this video helpful. The majority of people in the world don't know what Bitcoin is all about.
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary expertise to pull off such trades effectively carry them out.
i agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple months, I've made over $850k from initially $210K
Smart, If i wanted to do the same with my retirement funds too, how do i get started trading?
I work with Jennifer Lea Jenson, who is a licensed fiduciary. Just look up the name. All the information you need to work with a letter to set up an appointment is included.
@Erickruiz562 from where? And how did you do that?
Might be the last week you can get AMSGTTM before it takes off 1,000%.
What’s AMSGTTM
Bot spam
BOT SPAM
@@aj_mcnamara what u mean
@@marcgroger4198 he meant it was posted and liked by bots
Buying Bitcoin is risky however not owning any at all is an even greater risk
I agree. You would have to have rocks in your head not to. Its an asymmetic bet for the small amount you will need to outlay currently.
Agreed.
Wrong. It's a pump n dump
Stocks are a bigger risk than bitcoin
That was my breakfast this morning. Sorry to blow up your mom's toilet.@Aliens-Are-Our-Friends2027
You did not opine on the topic at all, you just sat on the fence and reported what both sides are saying. I was looking to hear YOUR opinion and YOUR analysis.
Well said. That’s why Graham lost his vibe to his latest videos.
Thank you. This guy’s a clown.
Imagine calling a guy doing objective well rounded journalism a clown because he didn't pick your side. You're a clown. He provided you the info now think for yourself. @@rosaflorpuig3971
He always sits on the fence though...
I think it's better that way. Better to formuate your own opinions than blindly follow influencers like a sheep 🐑🐑🐑
I can't believe you just did an entire Bitcoin video and didn't say whether or not you still own any.
oh you know he does :) ... own it that is
He’s mentioned it multiple times on the iced coffee hour podcast that he owns bitcoin and Ethereum. He’s even said that it’s a good idea to own one bitcoin and 10 Ethereum, at the very least. personally, I think you can dump the Ethereum and go bitcoin only- Ethereum is proof of stake and is mostly OFAC controlled, whereas bitcoin is completely centralized and proof of work.
@Cheyemos. Not very many people mention that ethereum is OFAC controlled. But most people the own ethereum don't care about decentralization, they just care about making money.
Yeah hes come around slowly.
he got burned at first and trashed it but he is learning
I honestly think graham is playing it down a bit to appear more neutral than he is. It’s kinda his MO. Pretty sure he’s way more bullish on BTC than he is leading on. Come on Graham. Have some conviction for once.
Lol Peter Schiff's kids ended up being bitcoiners
Schiff looked an out of touch old Geezer in the interview. BTC was $3500 at that time, and when I bought it by coincidence. It blew Gold out of the water and very likely to see $100k within a year, just like the Guru said !!
@@jamesmarshall3311 Or maybe the geezers have been around long enough to see many pumps and many dumps. BTC can crash to 20k or lower in a week, just like 2021.
He hocks gold and silver and is constantly wrong. I don't know how the guy is constantly being tapped for advice.
@@TheApatheticGuy And then it's time to buy more Bitcoin!
@@jackbits6397 Look at the price of gold and silver right now, it's outperforming bitcoin lol.
Just buy a little and hang on to it. The risk/reward ratio is off the charts. Don’t overthink it.
yeah, huge downside limited upside
no
Just look at the inflows' supply: huge negative ratio -over 5000BTC demand per day, with only 900 BTC mined; & that is before the upcoming halving.
It's a gamble like a $2 mega millions ticket. Huge potential roi, but we made the choice knowing the risk
Yes ALL RISK , ZERO REWARD. magic coiners do not think at all, let alone overthink.hahahahaha, time to wake up and smell the BIG LOSSES coming soon
Jamie Diamon also holds tens of millions in BTC and Eth while at the same time speaks negatively on it to manipulate the price.
Yeah, & his company is Blackrock's AP! He's full of lies.
Watch what he does; NOT what he says!
If he holds Bitcoin, it would in his selfish interest to manipulate the price up not down. So why is he speaking against his own interest?
@@ekkamailax To accumulate at cheaper prices, same way he manipulates the stock market.
@@innovirtua good point
@@Ambassador_Gkar True. Same goes for Vanguard. They tell everyone that they won't offer the BTC ETF to their clients out of dignity for them. However, they hold a majority stake in Coinbase, Blackrock and other miners.
Bitcoin is not an investment.
Bitcoin is money.
Until you understand that difference, you won't understand Bitcoin.
You said you think that a AMSGTTM will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?
He legit never said that
@@bigpotato7804 its a bot baiting noobs into buying some shitty pyramid scheme
Lolol, I heard him say $STRX to the moon
These scammers are cancer, SMH
Hi Graham, the halving does not make it harder to mine. It just cuts the block reward. I think you are confusing it with the difficulty adjustment which is biweekly and determines the difficulty based on how many people are mining
Thanks for pointing that out!
This is nice
Nailed it dirtybob
Wow, this is a very important detail
the majority of bitcoin block rewards are from miner-imposed transaction fees.
So weird that those with the most to lose if Bitcoin continues growing are against it.
Of course that's how it is. Why would they be heavily invested in it if they don't think it would go anywhere? If someone thinks it's going up, they invest and will make money if it doesn't If they think it will tank, they move accordingly.
Who created bitcoin?
@@dave9547 Are you new to the internet? Have you even heard of Google?
My wife and i net worth was 62k april 2020.
Just hit 550k this week
Why?
Congrats!
I Hit 113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Mary McDonald's strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through
SHE IS MOSTLY ON TELEGRAM APP
@Mary913 thats her user name
Bitcoin is about sovereignty, like guns, free speech and responsibility.
Just like gold, it should not be about making currency.
Bitcoin is not rising, fiat is crashing. And that is a given. Government can never withstand the temptation of printing currency.
This person gets it. Well done.
The stock market has luls and highs. It's a proven asset and longstanding. Even if it's a "fiat" currency it has made plenty of people very wealthy. If everything goes to s**t currencies won't even matter probably anyway. We will have more important things to worry about, like feeding ourselves
Except you can do private transactions with gold, and can't do them with BTC
@@hhkk6155 Atomic swap between monero if you need absolute privacy. That is even more private than gold.
Next question...
@@BspVfxzVraPQ except you can't anonymously cash in or out of the system
Once again you're very confused about the technicals of bitcoin. Time and the halving have nothing to do with the mining difficulty. Like gold, the bitcoin mining becomes more difficult depending on how many people are trying to mine it.
Also, it should be said the Max Keiser and Peter Schiff are actually buddies. As you probably know, all these rich people went to school together and know each other. Max has been telling Peter to buy bitcoin since it was at 10 dollars or something. When it was at a thousand Max was at Peter's house telling him again to buy it and the only one who would listen was Peter's son Spencer.
At one time, people could not believe that the car would ever replace the horse. The problem of horse manure in cities was huge and mayors could not envision any way of solving the problem. 20 years later, things had totally changed. Bitcoin and the blockchain is revolutionary.
I've noticed how financial markets tend to go through similar phases repeatedly. Artur Grandi's book really breaks down a solid strategy for keeping investments steady, even when dealing with the ups and downs of cryptocurrency.
Gram! Huge fan and always enjoy your videos. Thanks for taking the time to put a video together on this topic!
I appreciate that!
Happy to be in a cult that provides a chair when the music stops
Thanks for sharing
Very interesting. I’m in ethereum mining what do you think about that?
Nice, learned a lot.
Did you watch on 20x speed?
@@GrahamStephan lol fr
@@GrahamStephan Yeah that was the joke
i have been hodlin since 2021 and i will never sell. 💎🙌
then whats the point if youre never gonna sell?
If you never going to sell, what’s the point of having it?
LOL
you can't bring it with you. you sound like a modern day miser, hording their money and never enjoying, only enjoying the numbers, and then kicks the bucket
Dumb.
I was waiting in all current and future possible usages of Bitcoin. How does it compare to a regular currency usage wise. Also, who updates the “algorithm”, and who manages it? Is it a team, one person, or does no one control this ? I own Bitcoin, but I haven’t ever had full answers to these questions.
Can you answer most of these questions?
Should I invest in Blockfi, Graham? Just asking
With all due respect, buffet is older and doesn’t want to adjust his opinions on new tech assets
I am young and I think Buffet made very good points. People degrade sound wisdom because they believe the older people are just not willing to change.
Few people understand Bitcoin's value proposition. NGMI
That's the part people don't get.. it's easy to use his words as 'evidence' but he doesn't even 'want' to learn about it.
"Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App"
Nasdaq
Buffet's top holdings include Bank of America and American express. I wonder why he doesn't like a new monetary system.
Price is cool and all.. but i think the more interesting metric to follow is beta relative to gold.. do they track, or do they inverse?
Gold has barely mover in 15 years. Gold has utterly failed against the NYSE and performed even worse against the NASDAC. Bitcoin has destroyed all markets and all metals by massive margins.
Thanks G
Great job Graham. This video was well done. You addressed many different points, good info.
what video were you watching? He didn't say anything except what other people were saying.
I remember Bitcoin was 20k then went up to 70k. I am kicking myself for not buying. 😂
so many people are!
It came to my in box when it was .29 think about that, then a short time later s guy I worked with explained it to me it was 325.00 I still say out.owell missed that one.
Don’t worry. It’s going to 12k soon enough so buy plenty because You won’t get another chance
Meh I didn’t bother. Arcblock at .25c and Pepe made me much bigger gains than BTC would.
How many people have 20k? Not many. Most people don’t even have 1k.
Thanks for the info !
From a random Canadian 🇨🇦
Thanks for watching!
I’m going to TH-cam the Shiff/Keiser video right now! 😂😂 I’ve seen clips but need the whole thing! Lol
So Graham.. what percent of your portfolio is in this stuff?
He mentions it in other videos. I think it's 10%.
Most of his money is made on TH-cam ad revenue, this was all brought into light a while back so he's a grifter just like all the rest.
peter schiff is mad at bitcoin because he had the chance to buy it at dirt cheap but he didnt
He was yelling for years to buy euro when it was all time high and sell US equities . This guy when touch anything it turns to 💩. Anyone who followed his advice homeless by now .
Peter S. Has been wrong 95% of the time.
He could have bought it at $5 but sold all his clients gold instead
Don't fool yourself.. Schiff secretly owns millions in BTC
Peter Schiff is probably more successful and richer than this entire lobby put together
Bitcoin was the first, it's limited to 21 million, it's popular. I have baseball cards of major 90's stars that are limited to 241 of that specific card and it was the first limited edition insert. Those are worth hundreds, but some not much and some thousands (not mine, yet.) I'd be silly to expect them to be $74k each, the $8k Nolan Ryan was probably not distributed as it's an All Star card and he wasn't an all star that year.
Baseball cards are not programmable money.
Stupid comparison.
bitcoin was not the first
@@BitcoinAndChess Why is Bitcoin worth any money? What is it based on other than a belief, (like having the faith and credit in the United States Government)?
@@edswiatkowski121 Government/Central banks money is based on belief only.
Bitcoins price is based on supply and demand.
Demand is growing and supply will keep lowering (Halvings).
What happens if reducing supply meets growing demand?
Good balanced point of view.
This is a great video, I thoroughly enjoyed it!
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana catherine
....
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
Please educate me, i'm willing to make consultations to improve my situation,
She's recognized as 'Mrs adriana. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Please how do I find this financial counselor?
You forgot to mention the transfer of value between two parties without the need of a Financial intermediary's scrutiny.
You can do that at a yard sale as well. Just barter fer Chrisssssake. It's a lot easier.
You are excellent, thank you for your consistency and thoughtful perspective. Thought we wouldn't notice that brief watch change during your thank you to the sponsor, didn't you?
Finally! Thank you 😊
How much bitcoin do you have, graham?
Not enough
NOYB
Gold is on a ten year flat corrected for inflation
That makes it a safe store of value.
@@destroya3303 Lower risk than Bitcoin, but also way, way lower chances.
In the end Bitcoins risk-reward-ratio is way better then Golds.
Does anyone know what these videos are edited on and how he did the yellow highlight effect
thx bud
Warren Buffett does not historically invest in tech nor does he understand it. When he dismisses bitcoin I think that’s an old man who doesn’t understand it and will be shocked when it goes to $1M
Well I think you said it best. All the predicted values other than zero have no reason for the value other than someone else will buy it for more.
Tell me you dont understand BTC without telling me you dont understand BTC
@@IamColt13 the government dont even understand BTC how would someone on YT
@@jakeluvera7725 Why don't you think the government understands it? It was 3000 lines of code that anyone in the world could open and read. Sounds like everyone else is learning about it except you
Same with literally every other investment.
@@michaelvernon9459 It's not only about understanding how it technically works. It's necessary to understand what problems it solves.
Central banks are not interested in producing sound money. It's against their interests. But for all other people Bitcoin is a great store of value.
Great video Graham & co.!
One of my old poli-sci professors used to say golds only purpose is to measure the distrust the common people have of their governments, followed by the price of bitcoin representing the amount of uneducated people who gamble on what ifs of the future without looking at the past results. I have no clue where btc will be, but it will make a lovely case study someday for sure, and I for one cant wait to read about it
You lost me at “Poli-Sci” professor
I hope he still thinks he's smarter than vast number of uneducated people out there. Keep shaking that head at others.
Only time will tell. Fiat Currencies are proven not to be trustworthy and Bitcoin is a possible solution to this problem. But just because its a solution this doesnt mean it will suceed longterm. Positive or negative expectations are nothing more than dumb speculation
And if he doesn't have at least as much disdain for fiat currencies, he's an idiot. Because literally all of them are worse and on top of that controlled by those with political power and the need to inflate to benefit themselves.
Tulips 2.0
Thanks for your input! I've appreciated learning from Joyce Holmes. Their insights have been valuable in helping me understand market dynamics and make informed decisions.
Oh, that sounds immpresive. Can you tell us more about it?
How did you find her?
A friend recommended her to me, actually. They had a good experience with her, so I decided to give it a shot.
Get her on
Tele grama
Yeah the whole market had a major outflow of capital from that hot cpi report. Inflation sticky but mostly monopoly from grocery stores. Greedflation. So the major outflow was really some of the new etfs
Correction- mining does not get harder from the halving event. The amount that is produced from finding a block is cut in half. The difficulty is adjusted by the amount of miners in the network.
Graham is recycling his videos now. I have to get in the TH-cam Channel game. Just repost/remarket a video & Bam!
This guy is very Very smart.
My wife and I net-worth was 62k April 2020.
Just hit 550k this week
Where did you invest? I'm just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don't understand what that
means
Have you not heard of Amelia Jason !
You know her too ? I'm also a proud beneficiary of her superb platform. There are the biggest custodians. After this I also would not be asking investing advice in the TH-cam comments. 80% are scammers.
She must be really dedicated and well trusted to talk much good about... can I meet her?
she's on Telegrams mostly, using the user name.
Very interesting video
HI Graham - I really love your videos. how can I get in touch with you regarding a collaboration?
Thank you for the video graham
My pleasure!
Biceps are looking pretty good 👌
I have a question, all speak about these Bitcoin ETF. But an ETF replicate the bitcoin value. Is the collateral for these ETF's bitcoins or is it some others goods / stocks
Thank you so much h, I wonder why you did not mention Michael Saylor
10:50 “In the middle of every great American tragedy, there always seem to be someone from Harvard in the middle of it”
Thomas Sowell
Any large, powerful organization will probably have someone from Harvard involved, as it's a top university in the world. You could probably say the same thing about Yale, Stanford, Oxford, etc.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them🎉
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
*Thank you Angela Christine Derle for $60,000👍🏻. There are so many opportunities to make money here on TH-cam but most people don’t know. Thank you for continuing updates I'm favoured, $60,000 every two weeks ! I can now give back to the locals in my community and also support God's work and the church. God bless America*
Sounds good😊How do you do that? I'm interested, how do I go about getting started?
Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle
For the life of me, I can't understand how someone like Graham can't understand that price is NOT value. Please, someone tell me the value that Bitcoin has?
I ❤ hermit crabs!! That hit you a like and I subscribed 😅
Finally some relevant content from this channel.
I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300,000, and it warms my heart that this is still happening. We are now approaching a bull run, and I am confident that I will regain everything I lost.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The only issue you may have is a fear of missing out, just like everyone else. Having the right plan is invaluable; my portfolio is well-suited to each season of the market and recently increased by 100% since early last year. I and my CFP are working on a 7-figure ballpark goal, which could take until Q3 this year.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
i learn more from you Graham than any other
It's pretty simple. There have historically been cycles with the halving as a general reference. As of now, I'm holding for a sell target at ~$100k I expect to see sometime in the next 12 months. That is a conservative target, but I got in during the
Good show! We'll see how it plays out. I wish I was in on the sub 20's. I could have been but I ignored it. Now I'm in but it could have been much sweeter.
The only reason why I don't see Bitcoin going to $1M is because there has not been a use case for it, outside just storing it or trading it. When there is a wide use case, not a possible use case, then it will shoot up to $1M, and only when the US dollar gets printed excessively and becomes USeless
Let's see - I've constantly underestimated it, even 4 years ago, never would've imagined it trading where it is today
@@GrahamStephan Same here. I know that the idea of the coin reaching $1M is an optimistic guess, but from a metrics perspective, it's not too impossible. It would have to 4X, then 4X again. It's not too inconceivable
😂😂😂
Bitcoin is leading NFT sales volume and next week will be launching runes protocol a new hub to meme coin creation.
Bitcoin has a use case. It provides a decentralized, immutable, borderless, decentralized network, a ledger where you can transfer and store your value.
Sooooo many botted comments....
RIGHT?! God, they are awful. Google is asleep at the wheel, or maybe they are actual people, who knows.
Bleep-Bloop!
what you know about beta test bitcoin? before official published?
Can you do a video on CD ladders, money market funds, and treasury bills?
Wow, your comments section is horrendous.
Not his fault, TH-cam (Google) can't get a handle on it, apparently. If you mean the bots, that is.
bro clean up your scambot ridden comment sections
I swear i waited for a long time for ur opinion about bitcoin. ThankyouGraham❤.
Been waiting for a Bitcoin video! About time! :)
Bought a house last year instead of Bitcoin. I think I made the right decision
Hindsight is always going to be 20/20...but ultimately, no one wants to just hold bitcoin - they tend to only want it to eventually buy the things they need
So you bought a home in the highest possible housing market?
I'm not saying a positive or negative thing about that choice, but I just don't see that being an argument against Bitcoin. Graham also has a point, most people buy BTC to then allow it to grow, sell it back for cash, and then buy what they want with that cash.
I bought bitcoin after selling my condo for a nice profit close to the bottom for bitcoin around 16k I think I made the right decision
@@connorbourgeois you have no idea when will be the highest housing prices
@@Josh-py9rq you made the right decision for you, I made the right decision for me
Wow, a TH-cam video with a well-measured take on Bitcoin where the commentator isn’t saying it’s going to zero or $1,000,000? Crazy 😂
Great video!
You should also mention how much easier bitcoin is for using as payments globally versus gold. Cost & time benefits are insanely efficient with no middle men.
Bitcoin to $250,000 per coin by 2026.
Let's see!
Lol no
2025*
$150,000 in 2025, $50,000 in 2026
@@R1CH.Cryptomore likely 👍🏼
"Have fun staying poor" lmao! "Investing" in such risky gambles will ensure you stay poor. Think on this, to make $1,000,000 now off of bitcoin assuming bitcoin eventually reaches 100,000$ per coin, you would need to risk $620,000 of your money. Only someone very rich (which means that person will be staying away from bitcoin in general to protect their wealth the have now) or someone in a position to minipulate bitcoing would ever be willing to take such gambles.
So you think you could do it better with stocks then?
Tell me you know nothing about Bitcoin without telling me you know nothing about Bitcoin.
Very short sighted sir. 100k is just a stop along the way.
$100,000+ is an estimate for just this year.
@@jaymoney3215 yeah...as long as the stock market is is bullish. Otherwise Bitcoin disproportionately dumps. There is no case where Bitcoin goes up significantly when Stock market is not absolutely raging.
You can't forget the drops that are 50-80% are from the top and so far we spent less time up there compared to anywhere so you're technically really unlucky to be buying at all time high or buying a majority of your holdings there.. and yeah the drop is lower the lower you buy so if you're starting now buy an amount you can easily 10x by adding more later or whatever and set limits to buy more lower and more and more lower, you need a cap obviously but then you get into mining and earn and litterally lower your buy price
The halving does NOT make it harder to mine a Bitcoin. It just reduces the amount Bitcoin you get for finding the block
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.❤
B.S
Oops. Just realized I’m still subscribed to your channel for some reason. Gotta fix that real quick..
Always sell on the way up and buy on the way down. Increase your stack overtime and stop working entirely. Great video Graham, I appreciate your new content and the focus on more quality and less click bait. Keep it up!
Its always funny being sold a subscription to get rid of subscriptions or something of the sort
I wish I would have bought one at $15,000 but oh well! When the next dip happens I’m ready!!!
Hindsight is 20/20
And when is the next dip..?
When i say so@@karerabbe7829
Lol it came in my box at .29 Talking about missing the boat.
@@dennyfie It's still great to DCA and accumulate since you are a believer and hodler like me it's still undervalued I can't believe the people who don't believe in it lol .
This felt like a lot of "repeat what i found on the web that everyone knows" until the sponsor is mentioned.
is also worth saying that gold, although at a very slow pace also goes up in quantity as long as they keep mining it around the world....btc does not..
its a ponzi scheme
the second the creator touches that 1million coin bag
ITS OVER
I simply don't care what anyone thinks
that's what will happen
and its not a will it happen?
its a WHEN will it happen.
Thank you. You just convinced me to buy bitcoin 🎉
This guy gets it.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 and first half of this year with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
What kind of CLICK BAIT nonsense
Fix your comment section. unsubscribing.
Simple Math: Ride the wave up secure the bag close to peak, Sell off a % move rest into closed storage repeat. Do this for every cycle