The BTC haters never mention this do they? Comments made by people.ignorant.of the subject are gonna make.ignorant.comments. Einstein said it best: "Condemnation without Investigation is the HIGHEST form of Ignorance!" If they're sorry because they didn't look into it earlier....that's on them!.
Can you calculate how much USD it would take to reach 1M for 1 btc? At 100k it was allegedly 2 trillion market cap, when a bit less than 20m coins have been allegedly mined. They say that there will be no more than 21m total. So, how much USD you need to pump in collectively to reach 2x and 10x? If that thing works like that at all. (If you google btc price then the graph shows you the latest transaction value. The price that 1 btc is being sold at this given time. Not all are worth 100k, just those that have been sold at this price)
You're not going to know when to pull out due to greed. Say it does reach a million you're like ok I'm going to sell the system crashes due to everyone selling because thats every joe smoes pull out point you keep pressing sell but it not going through you see 1mill drop to like 500,000 you still can't sell the system is overloaded with sells you are losing your mind then bam it hits zero you just seen your wealth be depleted in front of your eyes remember tether.
I read it. I bought a lot of it too. But the truth is, it doesn’t say anything out of this world and many things are not clear. The again, it is just a white paperwork that anyone one can write. just like most coins including the trash ones, have. This is just my opinion. I’m no expert.
@@MrTrigz Most of the world did not have the luxury of participating in tulip investments and it was limited to a small section of Europe. It was never endorsed or sanctioned by governments.
This is the same guy who said stay away from Palantir at 8 dollars, shorted Nvidia and said don’t buy Tesla at 150. 😂🤦🏾♂️ He’s Jim Cramer 2.0. Do the opposite of anything he says. He’s using outdated financial models to evaluate businesses and assets that have never existed. Sure way to lose!
Indeed, more and more debt. The more debt people have, the harder they have to work to pay the debt. And that is exactly what the 1% elite want, keep you poor so you have to work hard and they become richer faster. 1% elite have more money and property, than all other 99% all toghether worldwide. That is called the biggest scam in history :)
@sandelsson7 No currency used in the world today has intrinsic value. Why would a lack of it be thought a serious criticism? Assets like baseball cards and art do not have any intrinsic value either. So what?
Exactly, there is no intrinsic value to an open ledger that can't be minuplated and is censorship resistant because governments and banks do such a good job at accounting for the money they spend... So what are the government, military industrial complex and Wallstreet money launderers worried about? It's just a fad. 😂
@@CertainUncertainty what backward school you learn economics from? Currency have no intrinsic value? Maybe the country that the currency belongs to is itself intrinsic? Baseball cards intrinsic value is the card that cannot be reproduced?
No currency has intrinsic value. Gold has no intrinsic value either. If you were washed up on a deserted island would you find more value in a pound of gold or a pound of food ? Gold is a metal that has limited usefulness in electronics, that's it. There is enough gold in the earth to cover the whole world 12 feet deep. The takeaway is that things like houses and food and water have intrinsic value. Currencies don't need intrinsic value, they are a mechanism of trade. They are based on trust of the system, that I can sell my house for bitcoins and then find another house and use the bitcoins to buy that house. As long as you can't counterfeit it , then it can be used as a mechanism to trade real commodities. Look at diamonds. They have zero value. They are just coal compressed. The limited supply is what makes them valuable and so far you can't counterfeit them. When industry figures out how to make artificial one carrot diamonds that are perfect, then you will see the value of your wife's diamond ring go to zero.
@@skrrpow16116 I know, I recently read up on them a couple of days ago. In 2016 the lab diamonds were 10% cheaper than natural ones and in 2022 they were 80% cheaper. You can't tell the difference and GIA rates them and no longer calls them synthetic. So who cares if they were dug from the earth or not , if they are the same thing. I paid $5,000 for my wife's ring and I wonder how much it would cost now ? So what is the intrinsic value of a diamond now ? Wait until they start selling 10 Carat diamonds for $10. They still make a profit because the carbon price is almost zero.
I say the same shit all the time lol, if we’re pointing fingers about currency being use for crime I think USD has BTC beat by couple years, just a couple 😂
Cash is used by criminals, but digital currency was conceived to empower criminals. Digital currency exists to enable financial transactions not approved by a government or centralized authority, aka, criminal activity. So, while criminals have found ways of conducting criminal activity with dollars, digital currency actually is designed for it.
Have you seen his intel analysis years ago? I was telling this moron that his understanding in chip business is not going to be better than any hobo on the street just because he read some numbers on the balance sheet. Forgot what the he said, but man was this idiot wrong lol
As long as we are the least messed up country on the planet and keep the top economy then the dollar has value because ever else is more screwed then we are
It's definitely a smart choice to seek help from experts when you're starting to build your financial portfolio. It can be quite complex, so getting professional advice is a great strategy.
@@hansfranz7772 I cashed out my entire family, young black from the hood with nothing. Now after selling off 65% when it hit 102K I never have to work again. What are you people talking about lol. Your just mad you wont turn into 6 figure/millionaires like literally 10's of thousands of people did just the other day… including me.
he prolly did, and the moron says he got thousands of rental properties yet he is not on a billionaire list. Maybe he owns thousands of huts in Africa that generate 100 bucks a month in total?
@@sportsnutlomeli5253 This is absurd. BTC is a grass root value. Billionaires are no different to anyone else. How long do you think will they wait before they destroy BTC with their potential? And why did they not do it when it was way easier?
That's like saying the internet doesn't exist as you post something on the internet after watching a stranger record himself and upload the video to the internet. Wild.
You know money is and always was an abstract concept. What happens when there's no more hard cash, and every monetary asset is digitized? Is the number in your bank account real money, if you think about it it's just a string of digital numbers you see. How do you access your account? You do it using an app on your phone, it's all digital. By the way if you take some time to study the Fiat financial model, you will come to see it's a ponzi scheme that predated Ponzi.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Stacy Lynn Staples has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration..
Investing works better when your income is actually high. Because the majority of retail is too emotional about their investments, for the simple reason that they have too much to lose in the stock market. "Invest what you can afford to lose" is very real, but most actually use it as a mantra instead of actually applying it. That's why the majority loses, and a minority wins.
I have to admit that I clicked on this video expecting to get a well thought out presentation as to why one should stay away from BTC. After listening to his reasonings/explanations for why BTC is a scam, I have become more convinced that BTC is exactly the opposite of what he is saying.
I once thought it was a scam… and then i took the time to actuaooy educate myself on what it actually is.. now ive dine over 4,000 hours of studyin on it and you can rearlly tell who has n hasnt dine the study by the amount of mis understanding in what they are saying 🤦🏼♂️🤦🏼♂️🤦🏼♂️
@@SpielbaerLPwait so when you split stocks u get more shares of a company????? maybe that's how Jesus fed the masses he divided loaves of bread into whole loaves..... maybe if I split a pizza I can fed myself forever
@@MrTrigz You are talking about assets that have a value behind them. BTC has no value to back it up which is the problem. So you can easily turn it into an inflationary asset just by dividing it. In fact, you have to do that at some point otherwise it can't work as a currency in an inflationary economy.
Imagine calling your channel “Everything Money” and not taking the time to read 9 pages of a white paper about the world’s first, global, rules based, decentralized, successful true peer to peer money. A technology that was invented to be strictly money and nothing else. Cope harder man
Unless you took your dollar back 100 years ago and bought a share of stock in a US Large Cap Growth fund. Then your US dollar would be worth a fortune, even surviving the Depression and a handful of recessions. I saw somewhere that that one dollar investment would be worth over $145,000 today. But adjusted for inflation, it would have the buying power of around $3,000,000. Pretty good for a simple US piece of paper.
@@robbrown4621 That "invested dollar" while sheltered in a stock for 100 years has a larger worth today because of the devaluation of that dollar over the last 100 years. The higher stock price in dollars is the asset adjusting its price according to the devaluation of the dollar. Inflation of the dollar causes commodities and assets to go up in price. The commodity or asset hasn't necessarily changed. What has changed is the lessening value of the dollar. That same dollar held as a dollar without the shelter of an asset is worth 99% less in 100 years. Pretty predictable for a simple US piece of paper.
Paul, respectably you are missing it. All new technologies have their initial problems or bugs that need to be worked out over time. The block-chain technology is here to stay. The dollar is only valuable as long as people believe it has value, and remember the dollar is backed by nothing more than the faith and promise of the U.S. government which in my humble opinion does not hold much credibility.
The US government directs the strongest army in the world; it might not have a lot of credibility to you as a sophisticated, demanding citizen, but credibility as in raw power it has in abundance, make no mistake.
Your comment reeks of ignorance. You clearly don’t understand the underlying technology. I do, being a programmer. Block chains are cool, and have limited uses. Its value as a currency or asset is limited. It always will be. It has no intrinsic value. Block chain is an edge-case tech that will never be mainstream. There are too many limitations.
The scam involved promoting Intel, Alibaba, Nike, Starbucks, and similar companies as great picks. Ironically, doing the exact opposite of what this channel preached would have yielded exceptional results.
I mean, that doesn't mean the advice was bad. The current batch of stocks going down and going up makes the least amount of sense it's every (not) made. It almost makes sense to be stupid in this market. Invest based on the crappiest stock making the least amount of money is the best strategy right now, while losing money on solid companies raking in cash.
From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me. I now have enough to pay bills and take care of my family.
Day trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But mr josh olfert , restored hope hes a good man
I'm not a BIG fan of Paul, but... the NVDA bubble hasn't popped... YET. I do weekly Put options on NVDL and monitor NVDA closely. NVDA is waaay over priced, IMAO. Same goes for TSLA. Good luck to you, bruh...
there have been many asset bubbles, if they didn't pop yet it doesn't mean the person was wrong. Housing is in a bubble now, for example, and isn't "popping" because sales volumes are so low that it keeps up the illusion that prices are still high
@@howiescott5865 The scary part is that there are bigger bubbles since the Trump pump. For example, Blackstone. A stock I swing trade. Thing has been close to a PE of 70. Trading at ridiculous levels on the premise - that the CEO believes - that we're at the beginning of a huge bull run. So after a 15 year bull run with no real recession except a tiny one (covid) that we printed our way out of and didn't impact blackstone (yet), they are talking like we just had a massive recession which means we now have exponential growth. Somehow.....the delusion is so strong with some stocks/CEOs like this that it feels like a bad parody.
Micheal Saylor, Larry Fink, Donald Trump, Cathie Wood, Elon Musk, Mike Novogratz, Garry Kasparov, Max Keiser, Greg Foss, Jeff Booth, ... If you don't respect those, there's something wrong, dude, some of the most intelligent people the world has ever seen!!
Bam. Caitlin Long Mark Moss George Gammon, Luke Gromen, I could go on forever I wanna know this guy’s IQ against Saylor’s (24 year CEO billion dollar public company) OR Luke Gromen Credentials AND IQ those two win all day. I’ll be happy to compare education and IQ too and also NET WORTH I would love to debate this dude. His platform or mine. Mine is way bigger.
Paul, you're wrong :) These are arguments that have been refuted. Gold doesn't create very much either - and it's been a massive market for thousands of years. Tulips is not a good parallel - because btc recovers after each "bubble" - but none of those other things have done so. Look at it as it is, not as your pattern-recognition is mistaking it: bitcion recovers over and over, and then goes higher. That's not a speculative bubble. It's an adoption curve.
well in fact BTC in a 3rd world country like El Salvador is helping every, yes Every person in that country out of a big hole they were all in. Plus they can buy anything in El Salvador and everything every day gets cheaper to buy, Unlike USA Europe Australia, New Zealand France China etc etc. I just wish to god that one day my boss calls a meeting asking who would like to get paid weekly in BTC. MY hand would shoot up before the words finished.
I have been trying to grow my savings and i wonder which is better the stock market or index, i keep seeing a lot of good news about the stock market but i am not familiar with the strategy. Any recommendation will be highly appreciated
The stock market is likely the best smart investment. However, if you are thinking of investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. this way you could make more profit with less risk
I agree. I've been working with a financial advisor since 2020, and I return up to 32k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
My CFA, Laurel Ann Watkins, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
Should have said: "the US dollar has no intrinsic value" and "we're pulling back the curtain on the US dollar." All investments are speculative. You're speculating about the future earnings and paying a multiple of the recent earnings for that speculative future.
Except that the USD has no intrinsic value is a lie. It has the full power of the US government. And that investment is speculative is irrelevant to the topic.
XAI401K 200X IN 10 YEARS - so likely another 200x in 10 years=$20 MILLION/XAI401K!!! So getting 1/10 XAI401K $10k today might turn into $2M in 10 years - if one can hold through all the volatility.
..and some chap named Larry Fink & Michael Saylor & Tim Cook & Michael Dell. This guy thinks he’s got it right & they have it wrong. No response from EM? Shocking
@@vladyslavnechaiev247Powell did great..... only thing he did wrong as far as his job was keeping interest rates too low too long under pressure from Trump and lying saying inflation was transitory...... he handled the rest well
Warren buffet has been in the game for a very long time. Which means old dogs don't learn new tricks. If you want to get ahead in life, you have to live in today. instead of following a old guy almost in the grave.
Bruh, Warren Buffett is the only guy who has made his wealth on the market and not starting some business that blew up. He is the face of investing and if you look at his track record from the last 60yrs it make even BTC as a fu**ing instrument look bad. That guy basically changed a few bucks into billions all by his wisdom. He has never gambled and only trusted in numbers. His average return has been 20% for 60yrs. Don't disrespect the man who basically showed the normal people they can make money on the market without wall street and other corporate dickheads.
Exact same thing they said when ppl were digging up gold rocks 5,000 years ago. “It’s a gold F’n rock - it has no value unless someone else wants a gold F’n rock”
It’s a critical component of electronics. It’s a critical component in aerospace. It’s a scarce resource that has alternative uses i.e. gold. As the world becomes increasingly dependent on electronic technology gold will become more valuable. Valuable in terms of uses not solely being able to get more dollars for it later.
BTC has never been an “investment”, it’s just an asset like gold. Paul knows well about the American market but is absolutely ignorant about the rest of the world (using 15 P/E to evaluate Chinese stocks shows that). Having an asset that is not at risk of being taken by a dictator or destroyed by a flood or robbed by a thief IS THE ONLY GOOD VIABLE OPTION for 80% of the world’s population to preserve some capital.
@@EverythingMoney dude. Stop embarrassing yourself: Clueless clowns: Btc at $1: it will go to zero! Btc at $10: it will go to zero! Btc at $100: it will go to zero! Btc at $1000: it will go to zero! Btc at $10000: it will go to zero! Btc at $100000: it will go to zero! Btc at $1000000: it will go to zero! Btc at $10000000: it will go to zero!
PLTR earnings per share is $0.20 compared to a loss of -$0.18 in 2022. Year over year revenue growth are 24.5%. Stock price is trading at under 39x book value. PLTR at $70+ is a good buy and if revenues continue to grow, I think stock price can reach $300+, unfortunately they do not pay dividends which if they did would be an even strong buy.
@@Sunil-he8xm Only a small part of it. Most is just used as store of value. It is true that the price of everything depends on what people are willing to pay for it.
I'M not surprised that some long term traditional investors think this way, Buffet is one. The old saying there is no reason to fear what you don't understand, maybe you would disagree that the financial system is broken, and worst nobody has any faith in it, but you do agree that something has to be done yes, if you have any ideas lets hear it.
I remember that video and commented on it at the time and they doubled down. They said it will never visit a new ATH and it's not quite there yet but it's not far off now.
There will always be those who are missing out on BTC "digital gold" saying that the asset is spec and the "switch" can just get shut off, but have no real understanding of the asset
You never explained how gold gets its value . Most of all the gold in the world is in storage . Very little of the world’s gold is used for jewelry and other uses .
Why can't Paul see that his argument about Bitcoin's lack of intrinsic value can be made about the US Dollar? The Federal Reserve conjures up more dollars any time they feel like it.
He sees it and he addressed it, that's why we got inflation. But as long as it's the legal tender of the US, it will have some value. But of course you should invest your dollars in companies the world needs, not simply sit on them.
Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.
This is good! Please spread the word! That means we are still early!! More people like this guy means more time to stack sats The fact that people don’t understand dollar debasement means we are still early as well!
There will always be the people who didn’t invest in something and want it to fail because they made the wrong decision and can’t come to terms with it.
Lol...this is SO funny. To the 283000 subscribers that are watching this guy. Please please PLEASE, be careful about taking his advice. He is the epitome of someone who has absolutely no clue about what he's talking about.
Well said! Sad that some can't humble themselves to learn about something before dismissing it or calling it a scam. I too pray his subscribers do their own work and not just listen to what he said.
@@wisdoma4860 stocks follow exactly the same principle .. I think that is what he is really worried aboutt The real video he should have made is how people can just invest money by going to brokers directly meaning the game where everyone plays the game the same way has become much more erratic. Ok ... the line has gotten through the resistance .. and since everyone did the same course ... everyone now is buying. That is the real scam. Trading is a rules based game and the better you know the rules, the better you will do trading.
NO ONE TALKS ABOUT THE SCAM CALLED FIAT
Exactly
@mattmorris9795 you took the word right out of my mouth👍
Bitcoiners talk about it
Dollar is backed by the strongest economy and importer on the planet. That economy and importer is backed by the greatest military.
@ being backed up doesn’t do anything to protect purchasing power over time
I only clicked on this video just to see him get roasted in the comments. 😂
He is well done by now 😂
Same here, lol. Same old nonsense objections.
Burnt to a crisp 💀
Me too
Me too. But he has now convinced me. BTC has no intrinsic value. It’s completely speculative.
Thank G0d that criminals have NEVER used cash in their crimes. Wouldn't that be terrible if they did.
or gold or silver or art or anything with a value
The BTC haters never mention this do they? Comments made by people.ignorant.of the subject are gonna make.ignorant.comments. Einstein said it best: "Condemnation without Investigation is the HIGHEST form of Ignorance!" If they're sorry because they didn't look into it earlier....that's on them!.
Who else went straight to the comments? 😂
😂
🙋♂
Downvote. Then to the comments lol
😅
Haha! The only reason I clicked!
Thank you for making this video. Shows we’re still way early in adoption and reason to be bullish. 😂
@@jameskwon2323 Your comment shows we are in a bubble
Thought the same thing…
🤣
hahah too right man
Yep. Time to short. Thanks James 🙏
Dude talks like he discovered something, they have been saying the same thing since 2010. See u at 1m.
Can you calculate how much USD it would take to reach 1M for 1 btc? At 100k it was allegedly 2 trillion market cap, when a bit less than 20m coins have been allegedly mined. They say that there will be no more than 21m total. So, how much USD you need to pump in collectively to reach 2x and 10x? If that thing works like that at all.
(If you google btc price then the graph shows you the latest transaction value. The price that 1 btc is being sold at this given time. Not all are worth 100k, just those that have been sold at this price)
Tool.
@@stout8529 woahhahahhh no one told me btc was like [every asset or stock or share ever] wtf!
You're not going to know when to pull out due to greed. Say it does reach a million you're like ok I'm going to sell the system crashes due to everyone selling because thats every joe smoes pull out point you keep pressing sell but it not going through you see 1mill drop to like 500,000 you still can't sell the system is overloaded with sells you are losing your mind then bam it hits zero you just seen your wealth be depleted in front of your eyes remember tether.
@the.littlest.toaster why would you sell a scarce asset for something that some guy in an office somewhere can print for basically free?
15 years have passed and you can't even take the time to read the 9 page whitepaper. Classic.
I read it. I bought a lot of it too. But the truth is, it doesn’t say anything out of this world and many things are not clear. The again, it is just a white paperwork that anyone one can write. just like most coins including the trash ones, have. This is just my opinion. I’m no expert.
@@eliseocarrillojr Anyone could have written it. Sure. 😂 Not being humbled by it is your first mistake.
Even if 150 years passs, gullible and idiots like you will NEVER realize that it is a PONZI scheme!
Even if 150 years pass, gullible and idiots like you will NEVER realize that it is a PONZI scheme!
The white paper is what will drive people away from it, today it’s totally different from what BTC was intended to be. Lmao
If btc is a scam. Then I guess I got scammed into retirement after only 4 years of investing lol. I wish I got "scammed" earlier.
in scams some people make money that is the point of a scam but then the majority of people end up losing money
@@galeru you retired?
😂😂😂
@@jjuanmarinhow long did tulips last?
@@MrTrigz Most of the world did not have the luxury of participating in tulip investments and it was limited to a small section of Europe. It was never endorsed or sanctioned by governments.
This channel has no intrinsic value.
🎯
Actually with 200k subscribers his channel is generating cash flow.
actually you have none
😂😂😂
😅😅
This is same guy that picked Intel over AMD and NVIDIA 😂😂😂
That was an epic fail on a gigantic scale
Yeap same guy 😂😂😂
Also the same guy who picked Meta at the lows so take that for what its worth ^^
@@SpielbaerLP sooo he got one right...lol
@@flow2tech You do not have to get them all right to make money.
This is the same guy who said stay away from Palantir at 8 dollars, shorted Nvidia and said don’t buy Tesla at 150. 😂🤦🏾♂️ He’s Jim Cramer 2.0. Do the opposite of anything he says. He’s using outdated financial models to evaluate businesses and assets that have never existed. Sure way to lose!
Jim Cramer 2.0 😂😂😂 (never heard that one). Freakin’ awesome
you are brown, who cares what you say lol
He is like Gareth Soloway
He underplayed AMZN over and over again.
@@loy-yal5457 Please semd this comment to his BlueSky.... He seems like the type to leave Twitter.🤷🏻♂️
I remember my dad telling me something similar about this thing called the ‘internet’ in the 1990’s. He said it’s a scam and will never take off 😂
“I can’t believe people actually put their credit card into this thing called the internet and buy things. That won’t end well! “ hahaha
I bet he lost thousands of dollars thinking like that!
@@Pooua he at least lost the price of gas to go to the store and pick the shit up.
@@Setjon-ml6uk The Web was around for a long time before anybody started offering that service.
Isn’t printing billions of dollars a scam? Buy, invest and speculate on whatever works for you
@@deba5769 u nailed it..That is the right thought process..Not the EM software..😆
Billions? You mean trillions?
Yes, and out of thin air. Just like that ...these clowns can't see what is wrong with fiat system unfortunately.
Indeed, more and more debt. The more debt people have, the harder they have to work to pay the debt. And that is exactly what the 1% elite want, keep you poor so you have to work hard and they become richer faster. 1% elite have more money and property, than all other 99% all toghether worldwide. That is called the biggest scam in history :)
Two things can be a scam at the same time. One scam is more risky though… BTC
Only took 53 seconds to find out this guy doesn't understand money/currency.
How so?
I lasted to 6 minutes....I was a fool :)
@sandelsson7 No currency used in the world today has intrinsic value. Why would a lack of it be thought a serious criticism? Assets like baseball cards and art do not have any intrinsic value either. So what?
Exactly, there is no intrinsic value to an open ledger that can't be minuplated and is censorship resistant because governments and banks do such a good job at accounting for the money they spend... So what are the government, military industrial complex and Wallstreet money launderers worried about? It's just a fad. 😂
@@CertainUncertainty what backward school you learn economics from? Currency have no intrinsic value? Maybe the country that the currency belongs to is itself intrinsic? Baseball cards intrinsic value is the card that cannot be reproduced?
No currency has intrinsic value. Gold has no intrinsic value either. If you were washed up on a deserted island would you find more value in a pound of gold or a pound of food ? Gold is a metal that has limited usefulness in electronics, that's it. There is enough gold in the earth to cover the whole world 12 feet deep.
The takeaway is that things like houses and food and water have intrinsic value. Currencies don't need intrinsic value, they are a mechanism of trade. They are based on trust of the system, that I can sell my house for bitcoins and then find another house and use the bitcoins to buy that house. As long as you can't counterfeit it , then it can be used as a mechanism to trade real commodities.
Look at diamonds. They have zero value. They are just coal compressed. The limited supply is what makes them valuable and so far you can't counterfeit them. When industry figures out how to make artificial one carrot diamonds that are perfect, then you will see the value of your wife's diamond ring go to zero.
Every single thing on earth that people place value/trust on has intrinsic value. It’s a simple as that. Nothing more nothing less.
there are artificial diamonds that are 1:1 the same
@@skrrpow16116 I know, I recently read up on them a couple of days ago. In 2016 the lab diamonds were 10% cheaper than natural ones and in 2022 they were 80% cheaper. You can't tell the difference and GIA rates them and no longer calls them synthetic. So who cares if they were dug from the earth or not , if they are the same thing. I paid $5,000 for my wife's ring and I wonder how much it would cost now ? So what is the intrinsic value of a diamond now ? Wait until they start selling 10 Carat diamonds for $10. They still make a profit because the carbon price is almost zero.
Cash is also used by criminals.
USD is the most used for criminal activity
Hitler also used cash.
I say the same shit all the time lol, if we’re pointing fingers about currency being use for crime I think USD has BTC beat by couple years, just a couple 😂
Main form to transact with.
Cash is used by criminals, but digital currency was conceived to empower criminals. Digital currency exists to enable financial transactions not approved by a government or centralized authority, aka, criminal activity. So, while criminals have found ways of conducting criminal activity with dollars, digital currency actually is designed for it.
Lost count how many times this channel is wrong.
We need more of this vlogs content, lots of people are waiting for a DIP in price.
Have you seen his intel analysis years ago? I was telling this moron that his understanding in chip business is not going to be better than any hobo on the street just because he read some numbers on the balance sheet. Forgot what the he said, but man was this idiot wrong lol
Nike is booming.
don't lose your mind when bitoin bubble bursts
@@Uroki_ANGLIYSKOGO_s_Nulya_ you posted the same comment somewhere on the internet in 2021 didn't you
Trying to straw man the argument of limited supply by comparing it to pooping in a bag is wild
US dollar has intrinsic value, it can be used as toilet paper and also used to light a fire.
Exactly
It's backed by our govt. Yes, that's getting difficult to believe in, but it still currently holds true.
As long as we are the least messed up country on the planet and keep the top economy then the dollar has value because ever else is more screwed then we are
Lol
@@jobuhayes8767 btc backed by citizens worldwide
This guy is the youngest boomer I’ve ever seen.
@@KevinOpar preach
...and the dumbest.
Don't blame boomers for him. He's his own fault.
This boomer has been hodling since 2019.
Burn
I’m eager to start investing but need some guidance. Any advice or recommendations for support?
It's definitely a smart choice to seek help from experts when you're starting to build your financial portfolio. It can be quite complex, so getting professional advice is a great strategy.
Consulting financial experts like Della Martin can be a smart strategy to optimize your portfolio, offering valuable insights to guide your decisions.
You definitely need experts like Della Martin, a trustworthy trader, to make it happen.
Wow, you know her too? Her success story has spread far and wide-she is truly honest.
When someone excels at their work, others will always speak up for them.
This video will definitely not age well
There’s nothing to age, dumb from the get go
As will many of the comments.
Do your homework, this is a third grade assessment of the hardest asset on the planet
No YOU do your homework! It's a PONZI sceme, [ure and simple.
The greater fool theory. You know it's a ponzi system right?
@@hansfranz7772 Have you've been laughing for the last 15 years straight? wholly molly should we send help?
@@hansfranz7772 I cashed out my entire family, young black from the hood with nothing. Now after selling off 65% when it hit 102K I never have to work again. What are you people talking about lol. Your just mad you wont turn into 6 figure/millionaires like literally 10's of thousands of people did just the other day… including me.
@@hansfranz7772 you laughed a lot of times during the decade
If I'm a merchant, i have little incentive to price any goods in BTC or any other volatile cryptocurrency. It would be a bookkeeping nightmare
Sanity in the chat.
You made 1000 in sales today but it's worth 700 tomorrow or maybe 2000 next week yeah I'd go bald and have snow white hair within a year from stress.
Did you accidentally upload a video you recorded from 2016 😂
I was gonna say the same thing. He’s living in the last two cycles. He might as well also say “criminals use BTC.”
@@d_e_a_nhe did 😂
he prolly did, and the moron says he got thousands of rental properties yet he is not on a billionaire list. Maybe he owns thousands of huts in Africa that generate 100 bucks a month in total?
Exactly! 😂😂
Slap!
Well, BTC went from a fraction of a cent to $ 100,000 per coin. In 14 years. It must be as good as dead.
that's why it's a scam......... its scamming the u.s. plans to inflate us into oblivion
Because billionaires are pumping it you will get scammed if you think this is long term
@@sportsnutlomeli5253 This is absurd. BTC is a grass root value. Billionaires are no different to anyone else. How long do you think will they wait before they destroy BTC with their potential? And why did they not do it when it was way easier?
@@sportsnutlomeli5253 funny that BTC is a big pump and dump yet its been around for 15 years and is worth 100k
Imagine all node opperators being notified and BTC Changes over night? anything can happen...
You're buying something that doesn't exist in hopes that there's a bigger sucker who will pay you more for it
That's like saying the internet doesn't exist as you post something on the internet after watching a stranger record himself and upload the video to the internet. Wild.
Btc just ponzi ,😁
You know money is and always was an abstract concept. What happens when there's no more hard cash, and every monetary asset is digitized? Is the number in your bank account real money, if you think about it it's just a string of digital numbers you see. How do you access your account? You do it using an app on your phone, it's all digital. By the way if you take some time to study the Fiat financial model, you will come to see it's a ponzi scheme that predated Ponzi.
Plastic coin!
Dollar is the real scam
this!
Dollars have worked well for two centuries, but feel free to send me all those dollars you don't want.
@@Pooua don't worry, the government will just print more for you
If so, then send me all hour CASH. I will take it.
If that’s true why is bitcoin’s value measured in dollars?
Paul and Peter Schiff should get a small dark room together 😂
Hahaha - GC
Well, I think he's on to it. It's speculative imo. Put some money there and make some gains, but don't be blind to the risks.
@@EverythingMoney Yeah, you both sponsored by the same handlers hahaha
@@EverythingMoneyYou do know the service it provides is securing your money on a decentralized network and enables everyone to use transactions?
rofl XD
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
pls how can I reach this expert, I need someone to help me manage my portfolio
Stacy Lynn Staples has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration..
Investing works better when your income is actually high. Because the majority of retail is too emotional about their investments, for the simple reason that they have too much to lose in the stock market. "Invest what you can afford to lose" is very real, but most actually use it as a mantra instead of actually applying it. That's why the majority loses, and a minority wins.
I have to admit that I clicked on this video expecting to get a well thought out presentation as to why one should stay away from BTC. After listening to his reasonings/explanations for why BTC is a scam, I have become more convinced that BTC is exactly the opposite of what he is saying.
I once thought it was a scam… and then i took the time to actuaooy educate myself on what it actually is.. now ive dine over 4,000 hours of studyin on it and you can rearlly tell who has n hasnt dine the study by the amount of mis understanding in what they are saying 🤦🏼♂️🤦🏼♂️🤦🏼♂️
I once thought it was a scam, then I didn't, but now I know it is. It's a ponzi. Plenty of money to be made from it though.
It is a scam you shouldn’t have to spend money to make money
“They’ll “change the code” to add more coins.”🤣 Saying this shows your high level of ignorance on this topic.
It’s like the earth flatters argument they are all like these
You can slice Bitcoins into infinitely smaller pieces though so in a way he is right.
@ 1 isn’t equal to 0.0000001! Just because you can factionalize it, doesn’t mean you increased the supply. 😂 Sorry that math is hard for you.
@@SpielbaerLPwait so when you split stocks u get more shares of a company????? maybe that's how Jesus fed the masses he divided loaves of bread into whole loaves.....
maybe if I split a pizza I can fed myself forever
@@MrTrigz You are talking about assets that have a value behind them. BTC has no value to back it up which is the problem. So you can easily turn it into an inflationary asset just by dividing it. In fact, you have to do that at some point otherwise it can't work as a currency in an inflationary economy.
Imagine calling your channel “Everything Money” and not taking the time to read 9 pages of a white paper about the world’s first, global, rules based, decentralized, successful true peer to peer money.
A technology that was invented to be strictly money and nothing else. Cope harder man
the us dollar has lost 99 percent of its value over the last 100 years 😂
I only stack cash for 3 months and then slam it ALL into MSTR BTC and TSLA
@@alistairmcindoe8112
No Pesos??
Unless you took your dollar back 100 years ago and bought a share of stock in a US Large Cap Growth fund. Then your US dollar would be worth a fortune, even surviving the Depression and a handful of recessions. I saw somewhere that that one dollar investment would be worth over $145,000 today. But adjusted for inflation, it would have the buying power of around $3,000,000. Pretty good for a simple US piece of paper.
@@robbrown4621 the piece of paper didn't provide the value, the forward earnings of the companies you exchanged that paper for did it.
@@robbrown4621 That "invested dollar" while sheltered in a stock for 100 years has a larger worth today because of the devaluation of that dollar over the last 100 years. The higher stock price in dollars is the asset adjusting its price according to the devaluation of the dollar. Inflation of the dollar causes commodities and assets to go up in price. The commodity or asset hasn't necessarily changed. What has changed is the lessening value of the dollar. That same dollar held as a dollar without the shelter of an asset is worth 99% less in 100 years. Pretty predictable for a simple US piece of paper.
Paul, respectably you are missing it. All new technologies have their initial problems or bugs that need to be worked out
over time. The block-chain technology is here to stay. The dollar is only valuable as long as people believe it has value, and
remember the dollar is backed by nothing more than the faith and promise of the U.S. government which in my
humble opinion does not hold much credibility.
The US government directs the strongest army in the world; it might not have a lot of credibility to you as a sophisticated, demanding citizen, but credibility as in raw power it has in abundance, make no mistake.
@@yabbagabb00 they couldn't take a Sat from me unless I volunteer it tho
Your comment reeks of ignorance. You clearly don’t understand the underlying technology. I do, being a programmer. Block chains are cool, and have limited uses. Its value as a currency or asset is limited. It always will be. It has no intrinsic value. Block chain is an edge-case tech that will never be mainstream. There are too many limitations.
the dollar only has value because we are forced to pay taxes with it.
@Nemi51500515 funny obama feels differently....... and one thing him putin trump Chuck Vance all agree on
says the guy who missed out on every good stock... what a clown. the only scam is this channel.
The scam involved promoting Intel, Alibaba, Nike, Starbucks, and similar companies as great picks. Ironically, doing the exact opposite of what this channel preached would have yielded exceptional results.
BABA will double in a few years.
@@andreaisonline To be fair ..I'm up on Baba ..But was buying at rock bottom ..I'll take it
This channel promoted WBA at $36-$40. Now it’s $8!!! They blame others made mistakes!!
@@mysandwichlifebaba and NIO the most undervalued
I mean, that doesn't mean the advice was bad. The current batch of stocks going down and going up makes the least amount of sense it's every (not) made. It almost makes sense to be stupid in this market. Invest based on the crappiest stock making the least amount of money is the best strategy right now, while losing money on solid companies raking in cash.
I just watched this video for the sh!ts & giggles lmfao
Me too lol
Hi mate so excited today just reached my goal of 400k since June2024 to Jan 2025 I thank GOD for the life and wisdom shared
this is huge amount congrats to you
interesting I'm 57 and no much income in my life how do I make it like you if possible 🙆
From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me. I now have enough to pay bills and take care of my family.
Day trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But mr josh olfert , restored hope hes a good man
Life is easier when the cash keeps popping in, thanks to josh olfert
The sad part is that people that can’t think for themselves listen to this guy and miss out
💯
Very true. I made this mistake with NVDA and never listened to this idiot again. Possibly the most toxic self proclaimed guru on the internet
Let them miss out please, those guys are the very reason why this is still early...
Let's talk about those ones who will lose a lot of money because they starting buying at 100K. Let's see what happens when its value is 20K again.
Paul shorted NVDA at $550 and called it a bubble
I'm not a BIG fan of Paul, but... the NVDA bubble hasn't popped... YET. I do weekly Put options on NVDL and monitor NVDA closely. NVDA is waaay over priced, IMAO. Same goes for TSLA. Good luck to you, bruh...
there have been many asset bubbles, if they didn't pop yet it doesn't mean the person was wrong. Housing is in a bubble now, for example, and isn't "popping" because sales volumes are so low that it keeps up the illusion that prices are still high
@@howiescott5865 The scary part is that there are bigger bubbles since the Trump pump. For example, Blackstone. A stock I swing trade. Thing has been close to a PE of 70. Trading at ridiculous levels on the premise - that the CEO believes - that we're at the beginning of a huge bull run. So after a 15 year bull run with no real recession except a tiny one (covid) that we printed our way out of and didn't impact blackstone (yet), they are talking like we just had a massive recession which means we now have exponential growth. Somehow.....the delusion is so strong with some stocks/CEOs like this that it feels like a bad parody.
@@howiescott5865 TSLA over over priced. LOL talk soon TSLA will be $1000 within 24 months, I beg you to short TSLA and get your face ripped off.
@@howiescott5865 What makes you think NVDA is a bubble?
What does FTX have to do with BTC? Likewise Binance CEO.
Some people used those platforms to buy BTC.
Micheal Saylor, Larry Fink, Donald Trump, Cathie Wood, Elon Musk, Mike Novogratz, Garry Kasparov, Max Keiser, Greg Foss, Jeff Booth, ...
If you don't respect those, there's something wrong, dude, some of the most intelligent people the world has ever seen!!
@Temujin02 Donald Trump? Intelligent? Sure let's all inject bleach to fight those viruses. Said whatever he thinks will buy votes.
Some of the best pump and dump artists the world has ever seen.
Bam. Caitlin Long Mark Moss George Gammon, Luke Gromen, I could go on forever
I wanna know this guy’s IQ against Saylor’s (24 year CEO billion dollar public company) OR Luke Gromen
Credentials AND IQ those two win all day. I’ll be happy to compare education and IQ too and also NET WORTH
I would love to debate this dude. His platform or mine. Mine is way bigger.
@@intoodeep001 Have fun staying intellectually poor...
while they say its a Scam, let me keep buying my sats, and let them print money
Amen
Imagine waking up every day and being stuck with this guy's brain...
😂
@pan5001:
"Imagine waking up every day and being stuck with this guy's brain..." *...or YOUR money! LOL!* 😏
What you need to understand is BTC is NOT VALUED in dollars it is PRICED in dollars, there's a difference.
So, what is the value?
@@richanalytics33 You're about to find out
It's valued in seashells
@@richanalytics33 value are BIG ZERO
Paul, you're wrong :) These are arguments that have been refuted. Gold doesn't create very much either - and it's been a massive market for thousands of years. Tulips is not a good parallel - because btc recovers after each "bubble" - but none of those other things have done so. Look at it as it is, not as your pattern-recognition is mistaking it: bitcion recovers over and over, and then goes higher. That's not a speculative bubble. It's an adoption curve.
well in fact BTC in a 3rd world country like El Salvador is helping every, yes Every person in that country out of a big hole they were all in. Plus they can buy anything in El Salvador and everything every day gets cheaper to buy, Unlike USA Europe Australia, New Zealand France China etc etc. I just wish to god that one day my boss calls a meeting asking who would like to get paid weekly in BTC. MY hand would shoot up before the words finished.
Good luck with that!
@@Michael_NV Incredibly good luck, I would say. The supply of greater fools is not infinite in this finite world.
I have been trying to grow my savings and i wonder which is better the stock market or index, i keep seeing a lot of good news about the stock market but i am not familiar with the strategy. Any recommendation will be highly appreciated
The stock market is likely the best smart investment. However, if you are thinking of investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. this way you could make more profit with less risk
I agree. I've been working with a financial advisor since 2020, and I return up to 32k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Could you kindly elaborate on the advisor's background and qualifications?
My CFA, Laurel Ann Watkins, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
Should have said: "the US dollar has no intrinsic value" and "we're pulling back the curtain on the US dollar."
All investments are speculative. You're speculating about the future earnings and paying a multiple of the recent earnings for that speculative future.
He don’t realize how stupid he sounds!
His whole channel is speculation.
(ITS CALLED AN INVESTMENT)
It can go to zero
You stupid
US military backs the dollar
That was my first thought but you said it perfectly.
Except that the USD has no intrinsic value is a lie. It has the full power of the US government. And that investment is speculative is irrelevant to the topic.
Gold is the same
XAI401K 200X IN 10 YEARS - so likely another 200x in 10 years=$20 MILLION/XAI401K!!! So getting 1/10 XAI401K $10k today might turn into $2M in 10 years - if one can hold through all the volatility.
Just another guy crying because he thinks he missed the boat.
Boat of ponzi? 🤣🤣🤣🤣🤣
Powell saying "it's digital gold" means nothing I guess?
Are you referring to a guy whose prediction accuracy is lower than that of a coin toss ?
..and some chap named Larry Fink & Michael Saylor & Tim Cook & Michael Dell. This guy thinks he’s got it right & they have it wrong.
No response from EM? Shocking
Powell calling it digital gold is actually a warning sign i would say.
@@vladyslavnechaiev247Powell did great..... only thing he did wrong as far as his job was keeping interest rates too low too long under pressure from Trump and lying saying inflation was transitory...... he handled the rest well
"inflation is transitory".
Warren buffet has been in the game for a very long time. Which means old dogs don't learn new tricks. If you want to get ahead in life, you have to live in today. instead of following a old guy almost in the grave.
Finally someone with brain cells lol gonna say dinosaurs go extinct lol
also: why should a 25 year old with 2000 bucks in savings model his investment strategy after a 94 year old billionaire
Bruh, Warren Buffett is the only guy who has made his wealth on the market and not starting some business that blew up. He is the face of investing and if you look at his track record from the last 60yrs it make even BTC as a fu**ing instrument look bad. That guy basically changed a few bucks into billions all by his wisdom. He has never gambled and only trusted in numbers. His average return has been 20% for 60yrs. Don't disrespect the man who basically showed the normal people they can make money on the market without wall street and other corporate dickheads.
Gambling. Nothing more, nothing less.
You might as well go to a coin pusher.
Exact same thing they said when ppl were digging up gold rocks 5,000 years ago. “It’s a gold F’n rock - it has no value unless someone else wants a gold F’n rock”
😂😂😂 “Oh wait we can smash the gold f’n rock into little pieces of jewelry”…. “Oh well in that case I’ll pay millions for it now” 😂😂😂😂😂
😂
It’s a critical component of electronics. It’s a critical component in aerospace. It’s a scarce resource that has alternative uses i.e. gold. As the world becomes increasingly dependent on electronic technology gold will become more valuable. Valuable in terms of uses not solely being able to get more dollars for it later.
I have 38 bitcoins which I bought 6 years ago! It has outperformed my gold.
What about the scam called "fiat currency" this is not about investing is about protect my savings.
"protecting savings" by buying super volatile asset? That's something new
Nice one - GC
@@mykhailo7134 They will not stop printing money, i love volatility.
@@mykhailo7134super volatile that keeps on going up
Yeah because it works…..
I didn’t know anyone still thought this.
This guy is a buffet fan. Does he know that Berkshire owns MSTR bonds?
Obviously not!
@d "This guy is a buffet fan." Who doesn't like a buffet? My favorite is Chinese buffet.
Source?
Proof please
So brilliantly stated… I went abroad and had no way of spending my money when systems were down. I prefer physical assets when emergencies arise…
BTC has never been an “investment”, it’s just an asset like gold.
Paul knows well about the American market but is absolutely ignorant about the rest of the world (using 15 P/E to evaluate Chinese stocks shows that). Having an asset that is not at risk of being taken by a dictator or destroyed by a flood or robbed by a thief IS THE ONLY GOOD VIABLE OPTION for 80% of the world’s population to preserve some capital.
Yeah but BTC doesn't do any of those things.
@@sheshotjfk8375Gold doesn’t do anything either. It’s the job of humans to do the doing.
It’s really enjoyably watching this guy be wrong about so many things
Haha yes true. Only to sell ‘software’ and making money by misleading the normies
Too many things
One love - GC
@@EverythingMoney dude. Stop embarrassing yourself:
Clueless clowns:
Btc at $1: it will go to zero!
Btc at $10: it will go to zero!
Btc at $100: it will go to zero!
Btc at $1000: it will go to zero!
Btc at $10000: it will go to zero!
Btc at $100000: it will go to zero!
Btc at $1000000: it will go to zero!
Btc at $10000000: it will go to zero!
said the same thing at 5k-10k at 20k now we are at 100k guess what when its at 500k-1mil they will be saying the same thing. Just miss out buddy
Dude you are saying Fink is into a scam? Stop smoking whatever you are smoking.
I came here for the comments 😂😂😂
Me too. The comments here should tell this guy that he needs to rethink this.
Old heads dont understand the world is changing and it no longer serves them.
Yeah cryptogeeks got it all figured out by age 26. They have the wisdom through experience to not get scammed.
Old heads have been getting scammed since 1913
Supply and demand is what drives prices
Yes, like there is some demand for something useless.
@@Michael_NV Define intrinsic value, go on I'll wait
@ BTC IV = 0 (zero)
Wild that people are still saying this ...
I would like to see Paul Debate Michael Saylor.
Paul is too ignorant. He doesn't deserve the chance.
Paul aint even in the Billionaire club. Aint heavy weight pal
Michael Saylor doesn't pick on lazy people.
That would be like 1987 Tyson vs. Ronda Rousey
That would be a debate between a man with character and a man who’s paid for tax fraud and for an accounting scam.
Tom Nash calling out this channel the last few days for saying PLTR was not worth $7 whilst it's now at $70+.
Think his exact words were "clowns".
I was stupid for selling at $14 😂😂😂
Spassiba - GC
PLTR earnings per share is $0.20 compared to a loss of -$0.18 in 2022. Year over year revenue growth are 24.5%. Stock price is trading at under 39x book value. PLTR at $70+ is a good buy and if revenues continue to grow, I think stock price can reach $300+, unfortunately they do not pay dividends which if they did would be an even strong buy.
@@EverythingMoney Is it too late yet to get the subscription?🤣🤣
@@mmirafuentess1990I sold at $11 after buying in ar $7, Don't get too down on yourself 😂
this is gonna age really really bad
regret not buying at 30k now is too late , l make a video 😂
hahahahaha
Be patient... and be ready to back your truck up when it crashes. The question is not IF but WHEN...
@@howiescott5865 Yeah if the US buys 5% off the supply its going to go crazy
@@howiescott5865 As it did so many times only to come back stronger!
@@howiescott5865 fomo
I read somewhere that this is Elizabeth Warren's long lost son.
😂
😂
😂
Pocahontas jr
I just spit out my whiskey! 🤣
Cryptocurrency is a service, not an investment. PayPal on steroids.
the biggest scam ever is Dolar :)
Send me all your dollars and I’ll save you from that scam.
😂😂😂😂😂😂😂😂 the same song from stupid human
Golds entire worth is what people are willing to pay for it:))))))
Gold's worth is based on it's uses in technology and dentistry. Precious metals have a use case.
You can wear it at least and use it in electrical components and motherboards although i think there's been a swith to silver snd palladium
In regards to electronics obviously ppl still wear gold
@@Sunil-he8xm Only a small part of it. Most is just used as store of value. It is true that the price of everything depends on what people are willing to pay for it.
Stocks are are also worth what people are willing to pay for them.
I had to click to read the comments. From .10 cent to 100,000 in 20 years. lol. If this was a scam it would have crumbled already. What a dork
Who cares for a reason if the price doubles every cycle?
I'M not surprised that some long term traditional investors think this way, Buffet is one. The old saying there is no reason to fear what you don't understand, maybe you would disagree that the financial system is broken, and worst nobody has any faith in it, but you do agree that something has to be done yes, if you have any ideas lets hear it.
No told you that the U. S. Dollar Is the biggest scam in the history of mankind 😂
Was it painful not being able to mention Tesla under the EV hype with it being less 5% from ATHs? A price you stated it would never get to again
I remember that video and commented on it at the time and they doubled down.
They said it will never visit a new ATH and it's not quite there yet but it's not far off now.
EVs are not cryptocurrencies, and Tesla is not solely an electric vehicle company. Earnings change, story lines change.
Nice one - GC
it already reached ATH in terms of market cap>
Everything is a scam in this world. This is Gods world. Free.
Rumor has it this guy filmed this video in his moms basement
There will always be those who are missing out on BTC "digital gold" saying that the asset is spec and the "switch" can just get shut off, but have no real understanding of the asset
hmmm yea, lets buy Sirius radio instead lmao
Nice one - GC
7:33 not your keys not your coins
Ah yes, Paul has cracked the scam after 15 years, global adoption, and $100K per coin 🤣🤣🤣
🤣🤣🤣🤣🤣🤣 who cares. Btc just ponzi
Oh gosh please educate yourself on the matter of currency like “dollar & gold standard history” . Fiat currency , inflation is a scam !
Yeah, but you can buy anything, anywhere for dollars, not so much with BTC.
You never explained how gold gets its value .
Most of all the gold in the world is in storage . Very little of the world’s gold is used for jewelry and other uses .
Why can't Paul see that his argument about Bitcoin's lack of intrinsic value can be made about the US Dollar? The Federal Reserve conjures up more dollars any time they feel like it.
yes but it has the full faith and credit of the united states
@jjuanmarin and btc has the full faith of the network nodes and users and miners worldwide
He sees it and he addressed it, that's why we got inflation. But as long as it's the legal tender of the US, it will have some value. But of course you should invest your dollars in companies the world needs, not simply sit on them.
“This asset has no cashflow” Classic! 😂 A trojan for the fiat system has a formidable cash flow. One way. Sucking it up forever until fiat is gone.
Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.
This is good! Please spread the word! That means we are still early!!
More people like this guy means more time to stack sats
The fact that people don’t understand dollar debasement means we are still early as well!
This guy is a genius, He gets a lot more views by criticizing BTC and being in opposite side
You can sell BTC for cash that gives it as much value as paper money.
They missed the boat 🚢 😂😂
Isn’t this the same guy who lost untold amounts of money betting against NVDA 😂
There will always be the people who didn’t invest in something and want it to fail because they made the wrong decision and can’t come to terms with it.
Lol...this is SO funny. To the 283000 subscribers that are watching this guy. Please please PLEASE, be careful about taking his advice. He is the epitome of someone who has absolutely no clue about what he's talking about.
Well said! Sad that some can't humble themselves to learn about something before dismissing it or calling it a scam. I too pray his subscribers do their own work and not just listen to what he said.
his channel hasn't grown for years. I think most people know he has no idea what anything is.
Bros been screaming about it since 20k. Its def a scam but ya know the worlds beyond that. Now its an accepted scam
Good stuff - GC
They scream since it was one dollar
@@Sec_coachand didn't do any of the education yet?
Stocks are the BIGGEST Shams.. oh oh.. he will get triggered now.
@@wisdoma4860 stocks follow exactly the same principle .. I think that is what he is really worried aboutt
The real video he should have made is how people can just invest money by going to brokers directly meaning the game where everyone plays the game the same way has become much more erratic.
Ok ... the line has gotten through the resistance .. and since everyone did the same course ... everyone now is buying. That is the real scam. Trading is a rules based game and the better you know the rules, the better you will do trading.
Good argument , especially the tracking part by government.
Oh my there goes the credibility.