Hope this answered many of the questions you guys may have had regarding Bitcoin network's future. Don't forget to follow me on my other socials for further content that you are not getting here 👉 guy.coinbureau.com/socials/
@@sn3akydna314 of course he says that. He has to protect himself. Im glad he does as I don't want him to get shut down. I need all that crypto knowledge in my life to make sure I see the 🌙
I love that you don't make "coin will 100x" pumping clickbait like most youtubers of your ilk, but instead give us in depth explanations, giving us the abilities to make our own informed decisions. I've bounced from many crypto channels now and really happy to have found yours! You seem to genuinely desire helping others with their crypto journey, not creating an elite pumping community. In it for the right reasons and I commend that.
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor
Truth is nevertheless first to be Rejected. I tell people to buy simple mediclaim and basic insurance features before investing 20% in stocks and mutual funds, they wont listen. Some other broker will sell them a x rated penny stock with a dream of becoming multi millionaire in weeks, these same customers buy that. BIZZARE world !!
relying on governments to save btc after the 21 millionth has been mined no matter the public pressure sounds like a verry not-crypto thing to do for me
That's a ridiculous statement, El Salvador's going to be mining for free with their volcano. There are moments where energy becomes essentially not only free but a burden. Electricity that can't go anywhere can be dangerous to the power facility, you don't want the system to overload, so that energy could be used for bitcoin.
Governments getting involved in BTC is very scary. I know it might be necessary to get to societal acceptance as currency but the moment the government gets involved, they will immediately try to regulate it to protect their own special interests.
@@Deuce7Off dude you have absolutely no idea how much electric energy we will have to produce in order to get away from fossile energy sources. The estimates are that we will need to prduce minimum 3 times more electric energy and we will have to actually store huge amounts of overproduced energy due to high fluctuations.
@@HybridHumaan Where in my statement do I talk about fossil fuels? I'm speaking about moments in market conditions where energy can become 0 cost or even go to negative cost.
@@Eamo5678 ETH has been proof of work all the time. That is why people mine it. Anyone can buy a rig and mine to earn some crypto. But of proof of stake can be dominated by the rich.
@CryptoMinerKevinLovesDoge That's why invest in it now. There are a lot of factors such as the fact that computer components get more powerful as time goes on.
Yeah, but they have to take it slow because there are entire generations that are mystified by it. ....sadly, this video might be how many law makes will determine policy, because it is titled in a way that it might be very easily googled when they come across that problem.
I swear this is not fair. How does Guy have 300k subs, you deserve millions.. thanks a lot for the content, you literally have the most educational crypto channel out there
I started watching guy at the start of last year, just before covid hit and his channel has grown from 8 thousand to 300 thousand in a year. he is well on the way for a mill subs!
Gems are often missed until it’s too late. Luckily for me I’m seeing them early. (Myself included) One day I’ll be THAT guy from school if crypto blows up. 👌🏽🥳
One thing about gold and other precious minerals that many don’t talk about when speaking on supply is the mass amounts that are in space. There are already companies with this in mind as well it just isn’t talked about very much.
Thanks for watching, Don't forget to Hit the subscription button... +¹=⁹=²=⁸=²=⁵=⁰=⁶=⁰=⁷=⁸ =W=h=a=t=s=A=P=P💬; For further discussion, questions and enlightenment !
@@orvvro bro, look at the comments on every crypto video. Thry always the same. Literally op is the same then theres a scammers response. Or theres a guy telling you in full grannatical english how he has made 34grand a week by taking advice from some broad then theres a thousand responses in full grammatical english agreeing about the same person. Creepy
I'm in the energy sector and can guarantee that green energy will dramatic increase the cost of electricity. The issue is that we need storage mechanisms and upgraded grids to support the storage and input of electricity into the grid from "green" energy supplies. The issue is that regulation is shutting down traditional energy means WAY before we have a solution for battery storage and a grid that will support the influx of solar / wind / etc. The extreme cost of maintenance on solar and wind equipment along with updates to infrastructure will result in crippling bills or taxes to pay for it all.
I recommend anyone in need of a reliable broker to make money. Jay Pelle FX has been the one trading for me. make a lot of money weekly trading the financial markets
In the original paper Satoshi himself said that the block size can be increased and that #SATS could become it's own currency. Much like Pennies to the Dollar. So yes I think 1 BTC will eventually become $1 million or more... cause nobody will hold so much Bitcoin when even 10% of mass adoption happens around 2024-2025
Bitcoin will grow massively over the next few years. Same with etherium and doge themed tokens. Corona wiped out a lot of money across the US and put more money into small business than anything else and with that you seen how much crypto went up in just a year. these small business will continue to flourish, while the economy is getting shit and more shit , the wages will continue to rise thru out these next 5 years to encourage work for the lower class the economy has plummeted with corona as well, people don’t want to work, small business Don’t need to hire people... more money will be put into bigger things (Bitcoin) , less will be povershed as well if they follow the riches lead (Elon musk). Btw Tesla will also continue to rise... haters will hate though. 😘💪
A few problems with bitcoin. 1) It keeps taking more and more processing to mine a bitcoin. 2) No one will save you if your bitcoins get stolen. 3) Governments could make independent crypto currencies illegal 4) There's a belief that the bitcoin network and encryption can't be hacked, which gets less likely as technology continues to advance.
You won't be alive when all of it is mined considering it won't be until 2140s till the last one is mined. That is if BTC still exists imo it would be outdated and gone by then replaced by cryptocurrency that hasn't even been made yet.
Had I only bought for $50 back then I'd be rich man now. Well. I bought real money instead - gold. Has risen too. Not as much but hey still more than just money in the bank.
The value has always gone up to match the cost of the mining either right away or soon after a halving too. Plus you still have transaction fees as well as with changing blockchain technologies when the mining reward isn’t as high will allow more transactions
Still don’t understand why transaction fees alone won’t be enough to sustain BTC. Because all is done in lightning? No, that’s just for micro transactions, larger transactions like buying coins from an exchange and putting it in cold storage will still be done on chain, there will be more than enough fees from transactions.
"I really don't see how the Bitcoin network could survive on transaction fees alone, and I don't think that layer 2 solutions help at all with that issue." Most important section of this video.
4:30 correction - the 21 mil limit is not built in the code but its realised through the halving. Its genius because it cant be altered. The halving never stops
It is a ponzi which is accepted globally thats all it is, people are desperate for only profit nowdays and greedy The price is rising because new investors hop on the hype train So that older investors can get wealthy, simple as that.
I will check it, I really am into Peercoin, the oldest PoS. I think it is the true digital silver, but Nano seems to be interesting too with this value proposition
my professor was just talking about how bitcoin could crash down when the limit is reached. We're on a 15 minute break from class rn and this is the first video in my recommended
There will never be a "last mining reward" though. Rewards will be less and less but there always will be. The supply will never precisely equal 21 millions because there always be newly mined fractions of bitcoins.
If your subscriber count were a cryptocurrency, it would’ve been the best performing. You were at less than 10k subs around when COVID hit and now look where you are. Amazing job, Guy.
I like the idea of bitcoin, but for now feels like a huge pump and dump scheme. The fast growing prices due to huge whale orders from institutions seem like bad news. Without the infrastructure needed to trade btc anywhere, these institutions are going to dump btc once prices become stagnant leaving retailers to hold their losses.
I don't expect BTC to be around in twenty years. It's not useful for anything really, better cryptos already exist, and the only cryptos that will see widespread use as currency are the ones issued by governments.
@@ChrisGilliamOffGrid Only if ppl believe stuff like you're posting: gov't. and ETH-based crypto have no built-in limit, so there's no fundamental difference from fiat other than being further up the Fractional Reserve slippery slope of [CB] . Without #digitalscarcity there's no inherent value to crypto other than enhanced security due to blockchain.
@@HuntingTarg So? The fact is dollars, digital or otherwise, are the currency of this, and several other nations. You're never going to pay taxes with anything other than dollars.
Guy, your maths is wrong, there are still 30 halvings to go so even with 3yrs 9mths per halving the miners will be rewarded till 2135. So don't dump all your BTC just yet. Just do a simple Google search.
As I understand, Bitcoin is supposed to transition away from mining and into rewards for transaction verification. However, in order for that to be viable, the network will need to scale up. The problem is that this isn't happening. On the contrary, alternatives to scaling up like the lightning network has been proposed instead (which I never agreed with). In the end, I agree that Bitcoin will end up as a store of value rather than a transfer of value - just as Gold is today - while another coin will become the dominant transfer of value. The resistance against scaling and the time required to verify transactions even when the network isn't congested requires this.
My broker Mr Micheal his currently handling my crypto currency for me his making me huge profit for our client's His strategies are top notch I'm amazed I recommend him...
It's strange how people talk about the profits they've been Making through trading of bitcoin while I'm here not making any profit at all please can someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that Forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status.
My first investment with her trading services gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Gold doesn't have a maximum supply. We can always dig deeper and find new reserves. Maybe in years we can mine it from space. Also companies now control the supply of gold just like diamonds. Bitcoin, well, no way to fake that
The best time to invest Bitcoin /fx and cryptocurrency trading is now. Don't say to yourself that is going down because you will end up postponing for ever start now and make sure you start with a right broker.
Although I don’t understand every every thing you explain I want to thank you very much for your video’s. I jumped in crypto September 2020 but only since 4 weeks I made good profits. A good part came from you, pointing me in the right direction. Thanks a lot! No need to say but I subscribed. 😃
first thing to do is to stop all form of trade and seek the help of an expert to guide you through. allot of people shy away from this thinking they could do it alone and end up blowing up their account.
I'd advice not to use all strategy you watch or read online. different traders, different strategy. trying to put all together will only lead to you making more loss.
I love how you actually post a serious topic, not just to the moon fan fiction. All some crypto youtubers do is post "hidden altcoin gem" and pump and dump. Earned a sub^
My only problem is...unlike Gold which can be found naturally anywhere in the world right from africa to USA...why bitcoin can be mined only by developed countries?
Bitcoin actually can be mined anywhere, but miners are going to favor countries with strong property rights over countries with weak property rights to host their mining computers.
As soon as you said that one day the govt would help keep the operation going I knew you were crazy. Everything they touch turns to shit, even gold. And then when you said a btc burn with a serious face I rolled on the floor laughing
Great video. Did you forgot Algo, it is pure proof of stake. I think the Bitcoin basically is technology, it will fade away in the soon future. Sorry for that, I really hope not because many people will loose, but I hope people start to understand the reality of technology, it is very replaceable.
If RU-vid comment scamming news goes viral, they will do something about it, but since we don’t do much but complain in the comment section, they are free from doing any real fixing of the problem.
Don't think we are taking this decision gladly. It is also a business venture with the president's brother Karim. And also, a way for the government to control the people (The government app requires face recognition, among others).
