most of the profit I made in crypto....is from memecoins like pepe bonk and popcat....look at pepe over the last two years and tell me it is gambling....ok I just bought another apartment here in Spain with the profits....really I have my 1 BTC on tangem... but first of all I dont want to touch it... for the next ten years ....and second of all its not moving much I dont know how you can talk everyday about only BTC....
It's hilarious when people complain about bitcoin's volatility when all of their money is in a bank account. First, holding dollars is a guaranteed loss. And second, their account could go to $0 at any moment because their bank could fail.
Titanic 'struck an iceberg' late night on the 14th of April 1912. It sank on the early hours of April 15th. That is the USA Tax Day, April 15th. JP Morgan paid individuals to spread 'rumors' in 1907 that created bank runs which he bought the losers for pennies on the dollar. He and his $$$ 'saved' the USA soon afterwords. Lent them $$$ to get out of huge debt at that time. He also had his people at Jekyll Island to scheme up the Federal Reserve Act in 1910. supposedly, he was scheduled to be on the Titanic (which his $$$ funded the build) but 'cancelled' at the last moment.
What will happen is that only the rich will have BTC while ordinary folks don't. BTC isn't the monetary salvation that we all think it is. It'll be digital money for the rich.
@@WTF_BBQ why do you think that? Why would only the rich have bitcoin? Everyone has the same opportunity to buy right now. They aren't being very private about their holdings
@WTF_BBQ Eventually fiat will fail and then people will work for BTC. Then the wealth gap will not be nearly as bad because people won't need a giant raise every year to keep up with inflation.
@@88SATSradio What i'm seeing right now are the ultra rich gobbling up hundreds of thousands of BTC. Eventually, they will have millions of it while ordinary folks can barely afford to buy 0.1 BTC.... Don't you see the wealth gap already ?? In the future when BTC reaches a million dollars per coin, the ultra rich will own most of it.
I've been having a cluster-fuk over the past 6wks trying to buy BTC through the banking system here in Canada, I'm on my 3rd bank and the modest transfers go well until I start increasing the amount and frequency then wha-la the 'A.I-Nanny' steps in and stops me from transacting to my chosen exchange sighting "fraud-alert'. Extremely annoying as I've lost the better part of the 'dip' to this institutional obstruction. The banks are currently the wayfarer for transacting BTC, is this a potential weak-link or concern with getting into BTC?
You might be facing problems in your country because the institutions can not afford to have money leaving their control. There is a good many ways to purchase, work for, trade or peer to peer transfer bitcoin in a way that banks and government can not stop. The number one easiest way is to buy directly from an exchange. This way is proving to be a problem for you so let's examine a few different avenues. You can bring your cash you withdraw from a bank to purchase bitcoin from a bitcoin atm. The only downside with this way is bitcoin aims are notorious for having a huge premium of the actual spot price. I would probably save this method for last. You can work or provide value for someone to give you bitcoin for the value you provide. All you need is a wallet. You can start with a mobile wallet, but seriously consider getting a hardware wallet and learning the proper safe way of protecting your bitcoin. If you currently have exposure to let's say stocks or some other portfolio of assets, you may be able to find exposure to bitcoin by buying either a bitcoin etf or buy stock in something like micro stragegy. You can sell stuff online for bitcoin and recieve bitcoin instead of money. Honestly if I were you I would find a bank that let's you do what you want with your own money as well. Bank should have no say in where or how we spend our money. Bitcoin fixes this and so many other problems. If all of this sounds confusing, continue listening to this channel, 88sats radio. Jordan hosts this show bitcoin journey and he is very knowledgeable on bitcoin and he wants to help any and all walks of life new or a veteran to bitcoin. We're in this together brother. Ask questions if you need any help.
Thanks for sharing this! I've been wanting to get into crypto for retirement but it always seemed so complicated. Recently, I discovered My Digital Money and it's been a game-changer. Super easy to use and their customer service is on point. Anyone else using them for their crypto IRA?
Honestly, I’ve stopped trying to orange pill. Most won’t listen. Or refuse to read the books or watch the videos. You can lead a horse to water. But you can’t make it drink.
I bought a wallet for an older friend of mine who started to ask questions about bitcoin and where he can "invest" some of an inheritance he got recently. However, he's basically intimidated by the learning curve required and at 73yrs old feels he's missed the boat. I punched him in the face and told him to grow a pair and that I'll walk him through the entire process, even depositing some Sats in his wallet to get him started. Really, anybody under 40yrs old and it's like pulling teeth for them to get their head around something new. The old fiat paradigm remains a hard nut to crack for most.
Its' not that government is bad. It's the belief that anyone has "authority" over anyone else. If you are trying to make a statement by not voting, vote but say you didn't 😏 You don't need Bitcoin to run a fair election. There are hundreds of patented methods for that.
I consider myself a Bitcoin maxi but I have a lot of friends who are in their 60s who have no interest in Bitcoin. The reason why I can’t get them onboard is not because they have no time studying Bitcoin. It’s because they (currently) have no need. They have accumulated enough wealth to see them through their retirement days and they see no benefit to do anything that might reduce their wealth. People, especially when they get old, just won’t move out of their comfort zones. It’s impossible for them to get that putting in just 5% of their wealth in BTC could make an enormous difference but they just don’t want to “risk” or have a NEED to risk that 5%.
From the interwebs: “if you are ever unhappy with the size of your bitcoin stack, just remember that there’s someone out there who has been actively stacking bcash this whole time”
My goal is to be a whole coiner then just chill and see what happens. If it fails at least I can say I tried. If it succeeds that's mint. Rather try than be sitting on the sidelines.
The show's host is a stooge for the establishment. Notice how she had her finger on the button, ready to hang up on him? Everything, except Bitcoin, is a clown show now.
Nobody I talk to wants to hear it. They look at me like I have a third eye. All I can do is keep my CAD chequing account balance low and BTC cold storage balances as high as possible. I'm fully expecting a moment in the not-so-distant-future where a financial house of cards collapses in this country, everyone I know is panicking, and I'll be responding to them with "damn, that's crazy...".
I can only stack as much as my bank allows me on a daily basis. Today I bought $3,000, on the block were my pennies and 2 other transactions each $460,000 from the same address. I buy 1.2million Sats while the other buys 15 BTC...it's wild how someone can move that much money.
Even for a 30 year old , bitcoin-committed individual, I do think diversification is still important. Yes BTC has the most upside, and i get that you dont want to divert funds from that. but for example one would be foolish not to participate in a 401k up to the company match ...not even BTC has a guaranteed 100% return every pay period! Or, for your first home, if you can get into a duplex situation where you rent out the other unit, that can be really beneficial to your net worth. (and someday collect rent in btc!) These are relatively easy ways to diversify that still allow you to keep BTC as your primary focus.
@@Wealthsquad-zq2nj Yeah...no. He has a valid argument in terms of diversification in the short term including a 401K & housing. BTC is a journey & takes time. @Coover90210, good for you
If we lived in a fair world. Where humans looked out for others in need and always chose the honorable option then Jor would be the Canadian Minister for Finance. Perhaps that will happen before 2040 ? I will still Call you Jor Bone or The Bone Crusher even if you become Prime Minister.
