If you had to guess about the reason most bitcoin investors in fact invest what would say their answers would be ?
Alternative currency? Decentralized value store that is hard to attack ? …..or something else.
Good point on the 33 gold seizure. I try to explain to people that their fear about bitcoin being attacked by the govt is no different than gold in that respect. Then I get a lecture about tulips………
Channel is in fact addictive. My opinion is coherent flow on topic. Very a b c and so on. Helps people grasp and there is no flamboyant attitude. Refreshing. Voice is also very good for this topic.
Great post
can BTC be gone tomarrow? im not talking about the price going to 0, im talking about blockchain been shut down by the people that created it?
how can we get our money back then? do you think this will ever happen?
Hi Matt – I like your channel, like your videos, but the question of government's potential role in killing BTC bothers me. I agree that if world governments couldn't coordinate over COVID, they are unlikely to do so over BTC. However, if the government killed BTC in some key countries with large populations and/or large hordes of the world's wealth (say US, UK & China), wouldn't that effectively kill BTC? Say the US government ordered Robinhood, Coinbase and any other platform they could to turn over all BTC assets to them (like they tried to do with gold in the 40's), I would imagine that would drive some trading underground, but that would also remove any chance of big money moving in from hedge funds, which would keep the price capped at best? Even progressive countries that wouldn't make it illegal, I would imagine huge funds in those countries might be gun shy about dumping in large sums of money into something so tightly scrutinized by other major countries. Curious your thoughts on how it gets to $1m in an environment like this without institutional money entering?
With the stroke of a pen, and the creation of a U.S. digital dollar, U.S. lawmakers could make Bitcoin die a painful death by 2 trillion paper cuts. That's the approximate number of U.S. dollars in circulation. And, it would be backed by laws, courts, jails, police, and if that is not enough, soldiers, tanks, and bombers. Treason, sedition, and subversion are serious matters. Let the buyer beware!
It's a pretty reliable indicator that Bitcoin is about to drop big time when you get these promotional "advertorials" and adstructional videos about how Bitcoin is going through the roof and how it is unassailable and safer than gold. Fair enough – good luck with that – but keep in mind that there is a core group of bitcoin holders that sponsor this kind of content in order to manipulate the public into buying it at the worst possible time. Bitcoin is like some kind of electronic multi-level marketing scheme, aka a pyramid scheme. Avoid it and avoid being fleeced.
@Trader University I’ve watched all your videos about btc, but possibly missed it: What’s your thought of Crypto.com? They offer a interest if you invest and hold MCO in their account for 6 months and you get a debit card with cash back offers and also the app allows trading BTC as easily as Coinbase PRO, which I use today.
I was under the impression that you could use the card for usual payments, but it would debit your BTC saldo… Maybe I misunderstood.
I have been buying tranches of BTC now and getting a great average buy-in price!
If the economy goes into a deeper recession which is more likely than not, we will not see an increase in Bitcoin by the end of 2020 how PlanB predicts. Traders will be moving their money out of bitcoin to ride out the recession. Where will the increase come from?
You can shutdown bitcoin many ways you. 1. You grab majority of nodes. 2. You find exploit in software. Least likely. 3. You block traffic between nodes so can not mine crypto. 4. You redirect traffic from many node to central location. 5. You already can not run bitcoin as is it is unusable in mass. 6. If your comparing bitcoin to black market shadow economy that's ridiculous comparing, because even slaves, prostitution and child porn never stopped either. 7. Government controls the inflow of currency now in past didn't if governments control inflow having proof of ID to your deposit you now can know who, amount and time invested hence taxed in future. 8. Nsa, patriot act allows background isp sniffing of passwords making your encryption via remote logins shown. However government would likely double tax it like they do now until they make their government controled crypto version where you auto pay your government tax per transaction. Also how do you investers verify that they have this much bitcoin similar to gold never verified as holdings. Do investers ever have a key? No. Hence don't own anything other than a house of cards. Many individuals who have lost keys, forgot passwords, I never seen a trader prove such as proof of ownership like showing public key then doing a single transaction afterwords. Same with gold certify they are showing their holdings and not other people's gold. Like having 10 people saying they own the same piece of gold.
Awesome content, You deserves more views
Can't they do what they did to gold & silver at the comex and suppress price by derivative trading? Or manipulate by 'painting the tape'?
yes, they can I would never trade bitcoin.
The reality is that if the Government declares Bitcoin a form of US currency tampering it will carry the same penalties as slipping down to your basement to print $100 bills, etc. Unfortunately it is as simple as that. If you have to sneak around while always looking over your shoulder it might be the case that only criminals will still find it worth their while. It’s the world we live in.
Thanks for fleshing this question out with some really interesting perspectives. Although a BTC Bull, I had posed this Devil's Advocate question on your Channel previously.
Regarding future topics for you to address: I would like to hear your thoughts on the potential"dividend" stream of holding BTC. My understanding is that this would be in the form of transaction fees associated with the Lightning Network. I have heard predictions of 70K per annum in fee revenue, for each held BTC.
Hi Matthew, I'm invested in BTC through GBTC, they store the assets in a NYC fiduciary so if The Goverment shut down btc it would mean losing my investment, right?
I am addicted to your channel. Very unprecedented times we are in. I make liquid helium and I am constantly following up on the advancements of quantum computers and that makes me fearful of bit coin. But I suppose that fearfulness means I should buy right? You replied to my earlier questions of quantum computers and I apologize for throwing that question at more than one video. I figured you were like most you tubers and only looked at comments either in your most recent video or the video you are most in to. I just had a tree fall on my truck and I have to wait and see how this insurance claim goes before I can fork the money out for trader University. Is your promotional code going to be in effect for more than 2 weeks?
Thanks, Matt.
For the record Matt, illegal weed still rules in Canada despite of legalization. Pushers will deliver at home the same weed quality for way cheaper. The government stores don't have a chance. Months ago I heard Canadian producers had over 8 months of inventory. In order to survive many companies sell part of their crops to gangs on the black market.However if the company is caught they are done as their license is removed.
If you had to guess about the reason most bitcoin investors in fact invest what would say their answers would be ?
Alternative currency?
Decentralized value store that is hard to attack ?
…..or something else.
Good point on the 33 gold seizure. I try to explain to people that their fear about bitcoin being attacked by the govt is no different than gold in that respect. Then I get a lecture about tulips………
Channel is in fact addictive. My opinion is coherent flow on topic. Very a b c and so on. Helps people grasp and there is no flamboyant attitude. Refreshing. Voice is also very good for this topic.
Great post
can BTC be gone tomarrow? im not talking about the price going to 0, im talking about blockchain been shut down by the people that created it?
how can we get our money back then? do you think this will ever happen?
Hi Matt – I like your channel, like your videos, but the question of government's potential role in killing BTC bothers me. I agree that if world governments couldn't coordinate over COVID, they are unlikely to do so over BTC. However, if the government killed BTC in some key countries with large populations and/or large hordes of the world's wealth (say US, UK & China), wouldn't that effectively kill BTC? Say the US government ordered Robinhood, Coinbase and any other platform they could to turn over all BTC assets to them (like they tried to do with gold in the 40's), I would imagine that would drive some trading underground, but that would also remove any chance of big money moving in from hedge funds, which would keep the price capped at best? Even progressive countries that wouldn't make it illegal, I would imagine huge funds in those countries might be gun shy about dumping in large sums of money into something so tightly scrutinized by other major countries. Curious your thoughts on how it gets to $1m in an environment like this without institutional money entering?
With the stroke of a pen, and the creation of a U.S. digital dollar, U.S. lawmakers could make Bitcoin die a painful death by 2 trillion paper cuts. That's the approximate number of U.S. dollars in circulation. And, it would be backed by laws, courts, jails, police, and if that is not enough, soldiers, tanks, and bombers. Treason, sedition, and subversion are serious matters. Let the buyer beware!
It's a pretty reliable indicator that Bitcoin is about to drop big time when you get these promotional "advertorials" and adstructional videos about how Bitcoin is going through the roof and how it is unassailable and safer than gold. Fair enough – good luck with that – but keep in mind that there is a core group of bitcoin holders that sponsor this kind of content in order to manipulate the public into buying it at the worst possible time. Bitcoin is like some kind of electronic multi-level marketing scheme, aka a pyramid scheme. Avoid it and avoid being fleeced.
@Trader University I’ve watched all your videos about btc, but possibly missed it: What’s your thought of Crypto.com? They offer a interest if you invest and hold MCO in their account for 6 months and you get a debit card with cash back offers and also the app allows trading BTC as easily as Coinbase PRO, which I use today.
I was under the impression that you could use the card for usual payments, but it would debit your BTC saldo… Maybe I misunderstood.
I have been buying tranches of BTC now and getting a great average buy-in price!
If the economy goes into a deeper recession which is more likely than not, we will not see an increase in Bitcoin by the end of 2020 how PlanB predicts. Traders will be moving their money out of bitcoin to ride out the recession. Where will the increase come from?
You can shutdown bitcoin many ways you. 1. You grab majority of nodes. 2. You find exploit in software. Least likely. 3. You block traffic between nodes so can not mine crypto. 4. You redirect traffic from many node to central location. 5. You already can not run bitcoin as is it is unusable in mass. 6. If your comparing bitcoin to black market shadow economy that's ridiculous comparing, because even slaves, prostitution and child porn never stopped either. 7. Government controls the inflow of currency now in past didn't if governments control inflow having proof of ID to your deposit you now can know who, amount and time invested hence taxed in future. 8. Nsa, patriot act allows background isp sniffing of passwords making your encryption via remote logins shown. However government would likely double tax it like they do now until they make their government controled crypto version where you auto pay your government tax per transaction. Also how do you investers verify that they have this much bitcoin similar to gold never verified as holdings. Do investers ever have a key? No. Hence don't own anything other than a house of cards. Many individuals who have lost keys, forgot passwords, I never seen a trader prove such as proof of ownership like showing public key then doing a single transaction afterwords. Same with gold certify they are showing their holdings and not other people's gold. Like having 10 people saying they own the same piece of gold.
Awesome content, You deserves more views
Can't they do what they did to gold & silver at the comex and suppress price by derivative trading? Or manipulate by 'painting the tape'?
yes, they can I would never trade bitcoin.
The reality is that if the Government declares Bitcoin a form of US currency tampering it will carry the same penalties as slipping down to your basement to print $100 bills, etc. Unfortunately it is as simple as that. If you have to sneak around while always looking over your shoulder it might be the case that only criminals will still find it worth their while. It’s the world we live in.
Thanks for fleshing this question out with some really interesting perspectives. Although a BTC Bull, I had posed this Devil's Advocate question on your Channel previously.
Regarding future topics for you to address: I would like to hear your thoughts on the potential"dividend" stream of holding BTC. My understanding is that this would be in the form of transaction fees associated with the Lightning Network. I have heard predictions of 70K per annum in fee revenue, for each held BTC.
Hi Matthew, I'm invested in BTC through GBTC, they store the assets in a NYC fiduciary so if The Goverment shut down btc it would mean losing my investment, right?
I am addicted to your channel. Very unprecedented times we are in. I make liquid helium and I am constantly following up on the advancements of quantum computers and that makes me fearful of bit coin. But I suppose that fearfulness means I should buy right? You replied to my earlier questions of quantum computers and I apologize for throwing that question at more than one video. I figured you were like most you tubers and only looked at comments either in your most recent video or the video you are most in to. I just had a tree fall on my truck and I have to wait and see how this insurance claim goes before I can fork the money out for trader University. Is your promotional code going to be in effect for more than 2 weeks?
Thanks, Matt.
For the record Matt, illegal weed still rules in Canada despite of legalization. Pushers will deliver at home the same weed quality for way cheaper. The government stores don't have a chance. Months ago I heard Canadian producers had over 8 months of inventory. In order to survive many companies sell part of their crops to gangs on the black market.However if the company is caught they are done as their license is removed.
Isn't Bitcoin already taxed?
today anything go