You don’t know the circumstances for why she left. Could be that she wanted to leave for better opportunities. When someone is ready to move on, there’s no use in trying to keep them against what they feel passionately about
Totally and completely manipulated. before any avg person invests they should remember noone gets rich off bitcoin w out someone else losing. Its not a generator of wealth like the media wants you to believe. Its a transfer of wealth. And in the vast majority of cases these whales are the winners. They will manipulate to take your wealth. stay far away. Let them take each others money.
@@breakthrough8628 It's very simple you only lose if you sell. If you never sell they can't take it from you, not a whale or anybody else. Don't sell, don't trade. HODL
@@jimdickson1969 So I guess, when the music stops in America, having such an imbalance now as well, pensioners will realize they also have nothing left, their savings stolen, vaporized into junk bonds and zombie companies.
Averaging something to say it isnt volatile is ridiculous. An average number by definition removes the volatility in its calculation. If you are a municipality drawing fixed payments like pensions out of an account, you cant afford to have your $20k asset pool go to $3k in a 3 year bear market.
He judges gold SOV on millennium scale but Bitcoin SOV on a weekly time scale. 😂 I'll take 200+% a year plus a sprinkling of Internet-money network effects x evolutionarily paradigm shift! The latter is *why* people care so deeply about Bitcoin. People in fiat bubbles see no reason to veer from the looming cliff edge.
its amazing that so many "experts" and professionals cant differentiate between short term movement and volatility vs. 10 yr, 5yr, 1 yr historical growth data.
@@tomm3742 We're talking about currency, not modes of transportation. Bitcoin is a flash in the pan. Blockchain technology is getting better, and Bitcoin is going to be be dated, if it isn't already..... Dig up a Roman gold coin from 2000 years ago, and it's still shiny and valuable. What's dated computer code going to be worth in even 10 years? It'll be forgotten about like a Commador 64.
It’s always great to listen to sensible people with differing views, who politely and clearly set out their ideas and give good reasons why. The opposite of Peter Schiff. To actually admit you’re jealous of bitcoins valuation over twelve years is refreshing. He also makes a great point about trying to squeeze trillions into millions. Great interview.
THANK YOU for having both eyes open.....we are playing by there rules and their narrative changes to suit their desired outcome. It's like a casino....the odds of you making money are far less than the odds of them making money. And if you make too much money, they will change the rules, or tax you more to get the upper hand
Totally and completely manipulated. before any avg person invests they should remember noone gets rich off bitcoin w out someone else losing. Its not a generator of wealth like the media wants you to believe. Its a transfer of wealth. And in the vast majority of cases these whales are the winners. They will manipulate to take your wealth. stay far away. Let them take each others money.
I watch Daniela because she is smart AND beautiful. As for all the talking heads, I think we all know as much as they do about the markets and what they will bring in the future.
This guy really was quite honest and sincere. Great interview with questions. Phenomenally honest discussion. Bitcoin is truly not for the faint of heart as this gentleman pointed out.
Great guest in Tray Reik. This man was willing to give pertinent facts throughout the interview with the backing of sound judgement. Some of his data I have only really heard through this interview.
@@timeisahumanconstruct9251 : aww got triggered . Nah I'm cool I rather stick with real money our founding fathers wanted us to use as money . Not digital illusions . Or fiat crap .
When the Fed's music stops EVERYTHING FALLS DOWN. That's history in a nutshell... After we all fall down, then commodities and rare items gain the most traction over equities etc.... 2 weeks ago this gold bug said he was "jealous" of Bitcoin... So not sure he's exactly impartial. But he gives it time of day instead of burying his head, so credit there at least.
I have 2oz of gold coming early next week. I don't have concern myself with what value a third party puts on it. I know for it to be mined, refined struck and assayed, I have value. That value is trapped within its specific density. I don't have to rely on an electronic infrastructure to check that I still have it. What I am convinced of, is that the majority of fiat debt based populations have very little bullion grade gold, so it doesn't matter what price tag is deemed to value gold.
all great points, and I agree with you.....but you still need to have gold in your possession. If you don't hold it, you don't own it. So that is a little risky if someone finds out that you have it......And I wouldn't trust a private vault especially it was raided by the gov't last week
True! Because it lacks one of the principles of “sound money” that being: portability. So it’s harder for scammers to convince people to mail them gold then it is to send them bitcoin over the internet! Which overall limits the desirability and demand for gold! I’m 100% with you on that!
To carry on the "music playing" analogy, investing in derivatives, precious metals and the stock market is like playing musical chairs with 3 seats left, and 100,000 people circling the 3 chairs. Investing in Bitcoin is like playing musical chairs where there are 100 chairs, it's you and 2 other guys in the game, and you make 200% every time the music stops.
China has enough of gold to back up their digital yuan with some real value at least a bit. I guess they will become the most influential and powerful global player in just a short term... The US have recently chosen (MMT) their way into histories dust as all ancient superpowers have done. Game over - few realizes...
... because Bitcoin has a finite supply. It will stabilize as adoption progresses. Swings will become less & less xtreme. Difficult to see & accept this while we are in the process. It will normalize as it becomes established. Volatility should be expected as the entire financial system re-tools.
Younger generation dont want gold. Boomers are dying of old age. People are not getting married (gold ring). Probably hv hard time selling gold in the future.
@@asumamonsta That might be true, however age has nothing to do with gold's value. Anyone in a significantly high financial position - regardless of their age - understands the value of gold as a stabilizing asset to the fed's tremendous liabilities.
@@johnmichael7983 copper lost its monenary value, so did silver, next is gold. Gold is not really a good hegde against inflation. Too much papergold out thr diluting the value real gold
you failed to mention "slow" The thing that gets me, is that in 2011 the price was pretty much as it is now. With all that's been going on these past two yrs, gold has failed miserably as a hedge. Having said, bitcoin these past two years, a perfect storm, performed exactly the way it was predicted/intended. Had people moved on bitcoin in late 2019, when all the markers were quite easy to see, they'd all be in massive profits now. All the while gold's laying there like an old dog.
Yes it was a bit of a odd comment for him to say there is not enough market cap in Bitcoin to absorb all that money because it just depends on the price. Same is true for gold. You could still have a gold standard but not at $2000 gold. Maybe at $20,000.
That was a head scratcher, in a deflationary environment you want to be in all cash, not assets like gold. He was actually making an argument against himself.
Two tips: 1.Dodd frank; No more bail outs; next crash is a bail in. 2. Bank Deposits; are an IOU. The cash belongs to the bank once deposited. Third freebie; Banks^leverage*deflation=? On the bright side.. the fed technically has infinite dollars and can take an infinite loss. But.. how much value do their dollars have?
Totally and completely manipulated. before any avg person invests they should remember noone gets rich off bitcoin w out someone else losing. Its not a generator of wealth like the media wants you to believe. Its a transfer of wealth. And in the vast majority of cases these whales are the winners. They will manipulate to take your wealth. stay far away. Let them take each others money.
It's an asset that is no-one's liability so it cannot default. In a deflation, all other financial assets can default. As long as it's physical metal in your possession. So, it's a deflation hedge. Also, the gold to commodities ratios have risen in deflations, so its purchasing power has increased, such as in the 1930s. Sure, cash in your pocket also serves this purpose but it can be devalued by government by law, as in 1933 - and your gold can get stolen by them, so nothing's perfect!
Totally and completely manipulated. before any avg person invests they should remember noone gets rich off bitcoin w out someone else losing. Its not a generator of wealth like the media wants you to believe. Its a transfer of wealth. And in the vast majority of cases these whales are the winners. They will manipulate to take your wealth. stay far away. Let them take each others money.
With 30-40% of dollars printed last year, Gold should be up 100% at least. It hasn't moved. That tells you all you need to know about it being an inflation hedge.
@@lamentate07 The FED is trying to push the narrative that is is transitory. They can't stop printing money so inflation has only begun. Hyperinflation is coming.
please inform the unbanked that bitcoin is not a store of value and that they should just store their valuables under their beds.... that is if they have beds.
Bitcoin will continue to eat into gold bullion’s market cap just as surely as Kitco’s time dedicated to metals discussions has been shifting increasingly towards bitcoin discussions. And this guy is silently freaking out about that.
True Private coins (Monero and Pirate Chain) will eventually eat Bitcoin's lunch. Look up what John McAfee had to say about Bitcoin Vs the private coins for example.
Bitcoin is beyond the banks manipulating the price of gold. Gold is still a precious metal that will always hold it value. As Basil III stated, it is a tier one asset. Banks are accumulating gold, but they are also making sure its true value is not revealed because their fiat currency will not only lose value but also confidence.
It will all end in tears in the end for many as they are going to have a very bad day! Which way will it swing is the billion dollar question! Place your bets 😉
Comparing the volatility of a one trillion dollar asset class to a ten trillion dollar asset class is meaningless. Understanding how and why derivatives affect these markets must be taken into account when examining volatility. Besides price signals no longer exist within a zero interest rate environment. The only real question to ask yourself is how much longer will I be able to buy these assets with US dollars?
..and gold is the fool of Bitcoin..let me know how much Gold exists..that you know of. Also, do you own the Bullion or the Paper? If you own bullion..are you guaranteed access to your asset?
@@Edd5hott79 …. If you can’t hold it you don’t own it. My gold and Silver has outperformed the Stock Market. Yes, “Cryptos” are nice to Speculate with (after all there is a Sucker Born every minute to sell your “Cryptos” to). But you should ALWAYS be adding to your Gold and Silver Possession (physical and in you hand).
It's not going to stop until the cental banks own almost everything. They might tighten a bit to create a crash then it's off to the races again. Problem, reaction, solution. Wash, rinse and repeat.
All the precious metals are rare and cannot be made in a better version like speculative cryptos. CCP has the largest gold reserves in the world and won't sell any of it for a reason. Putin and his boys in Russia also hoard precious metals. Go research how much gold bullion is under the Bank of England. The US debt clock has the true values of Gold and Silver and Platinum.
..and even then, it'll be the faceless ones on their island fortress hideaways who benefit, not retail traders trying to improve our lives, like ourselves.
Lol his own idea of a store of value is bitcoin. How does it maintain its value over ten years... well it went from less than $1 to $60k. Even w volatility it’s waaaaay higher
I'm no longer sure that the music IS going to stop playing. TPTB can and will just keep printing all the way into oblivion. In my mid 50s, their insanity can outlast my ability to stay alive. Been holding PMs for 11+ years now. Gold has given me a small return, Silver is still break even at best.. They have control. Until Cryptos really break their grip, nothing will change, but by then, they'll have social credit scoring and UBI as new improved tools for control. The more things change, the more they stay the same..
he gives no reason why the 40 trillion in bonds cant be moved into bitcoin when in reality thats probably where most of that will end up, supply and demand
Bitcoin is replacing Fiat. Except its is Deflationary. While fiat is printed to oblivion hence it is Hyper inflationary. Satoshi's will be the unit of money.
I will fix the volatility of prices when i bond 1 oz of gold to 1 satoshi and create an NFT with my correct sentence structure communication parse syntax grammar along with the smart contract on the next generation decentralised ledger using the tangle network ! Backing my own money and economic energy with my own contracts.
@@stevenbarton5949 you can't use anything as extremely volatile as "bitcoin" or any other speculative digital currency that frequently drops as much as $32,000 in a matter of hours as a standard valuation for anything else lol. Get real. 🤣
When the Fed’s music stops playing, some will be left holding bags of GOLD while A LOT of FOLKS will be left holding bags of SMELLY SHITS(overpriced BITCOIN, Stocks, houses, etc)!
