In regards to the crypto channels and “educational” material out there have in mind that most of these people albeit their many subscribers are just full of air. Most of them are uneducated and riding on a wave of luck. You on the other hand provide much more value to us who want to learn from your wealth of knowledge and experience.
Crypto Caesy is extremely educational, btc is worth educating yourself on. There are others but yes you do have to be careful. Invest Answers on RUclips is one worth watching
Another great video Ben. It should be noted that like precious metals, a person can self custody bitcoin thus eliminating counter party risk. In fact if you memorize your "password" you can take your bitcoin with you wherever you go and no one can take it from you.
Then why do people feel the need to keep pumping this stuff? If it's so great folks should be lined up to buy it, but the corruption like FTX has soured the product.
Btc is different to crypto. Most, but not all, crypto is not worth much and charcoal characters like SBF are criminals, we have to remind ourselves of who put him there in the first place, he was just a stooge
Very good show! 16,000 tons of gold is amazing.. right now US has 8133 tons of gold. Worth 576 trillion us dollars!!! We are 34 trillion in debt.. see why US is not worried about its deficient
Surprised and happy to see you have an open mind to Bitcoin. I would encourage you to continue your Bitcoin education. If you needed to leave the country, how easy would it be to take your silver with you? It would be trivial with Bitcoin. Another major advantage Bitcoin has over gold is ease of transaction. Countries don't have to spend millions of dollars to transport Bitcoin across oceans like they would with gold. $1 billion worth of Bitcoin can be sent anywhere in the world as easily as $5 worth of Bitcoin. Governments also don't need a Fort Knox or giant vault below NYC to store Bitcoin. It can be transferred and secured extremely quickly and easily. Additionally, Bitcoin can't be counterfeited like gold can. There are many other advantages. This just scratches the surface.
Thank you for the video. Juste recently started to watch your videos and I think you’re one off the best people here. Wishing you good health and prosperity. Please continue your journey.
My main thought about bitcoin is, for bitcoin to have value you always have to convert it to a currency to give it value. It only has value because the market is honouring that value at the moment.
Great video... So, still nervous on considering crypto since it is still a man-made system, where as metals were just "born" here in the universe. Can not be made or invented. And so what that 21 million is a max limit on bitcoin... it can still be divided into infintitesimal units, the other way, no?
Yes it can be. Bitcoin goes up to 8 decimal places and the single units are called Satoshis or SATs. When Bitcoin becomes more widely used, we'll be talking about pricing items in SATs vs full bitcoin.
So, the U.K. Sterling ended Gold Backing in 1931 and the U.S. ended Gold Backing 40 years later in 1971. For any other Currency to unseat The USD$ from its World Reserve Status would have to bring back unrestricted convertibilty to Gold or a combination of Commodities, hard assets.
The U.S. gold holdings have not been audited since 1953 or 1954. The Treasury Department refuses Congressional requests for an audit. What's wrong with this picture? How many physical $USDs are overseas, notably circulating in Europe, but not solely? I am very, very skeptical about the functional legitimacy of the U.S. financial system.
And I am with you in believing in PMs----until and if the Federal Reserve decides via the President and/or the Congress calls them as strategic metals that we can no longer own. Because, as you know, it's happened before, and with the unprecedented jam they've put us in with their spending and taking on ridiculous amounts of debt---anything is possible. They are capable of doing anything to us to protect their interests over ours. We take the internet for granted, but it can easily-enough be used against us too. And events can conspire to take it away from us in a flash---or a series of simultaneous flashes. Or sequential deprivation. That's what keeps me from considering cryptocurrencies.
I dont know, dudes. I think crypto and all these ICOs are just a bubble. Well, crypto is good for transfers and so on, but I dont engage in trading and staking either. Its too risky. My friend recently lost $5000 there. I invest crypto in real business
Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!
Ben, you should buy at least one Bitcoin before the halvening in 2024. You will double your money. I can’t afford a Bitcoin but I do buy XRP. It’s a whole lot easier for me to double my money on it because I bought each at 46 cents. When the halvening takes place, when bitcoin goes up the others follow.
In regards to the crypto channels and “educational” material out there have in mind that most of these people albeit their many subscribers are just full of air. Most of them are uneducated and riding on a wave of luck. You on the other hand provide much more value to us who want to learn from your wealth of knowledge and experience.
Crypto Caesy is extremely educational, btc is worth educating yourself on. There are others but yes you do have to be careful. Invest Answers on RUclips is one worth watching
Another great video Ben. It should be noted that like precious metals, a person can self custody bitcoin thus eliminating counter party risk. In fact if you memorize your "password" you can take your bitcoin with you wherever you go and no one can take it from you.
Then why do people feel the need to keep pumping this stuff? If it's so great folks should be lined up to buy it, but the corruption like FTX has soured the product.
Btc is different to crypto. Most, but not all, crypto is not worth much and charcoal characters like SBF are criminals, we have to remind ourselves of who put him there in the first place, he was just a stooge
Very good show! 16,000 tons of gold is amazing.. right now US has 8133 tons of gold. Worth 576 trillion us dollars!!! We are 34 trillion in debt.. see why US is not worried about its deficient
Respect to you for doing this research with an open mind despite your personal reservations on it. This is why you're a great advisor 💯
Thank you Ryan 😄
Good review Ben. And, The HedgEye Cartoons are always sooooo Good and truthful.
Thank you 😊
Surprised and happy to see you have an open mind to Bitcoin. I would encourage you to continue your Bitcoin education. If you needed to leave the country, how easy would it be to take your silver with you? It would be trivial with Bitcoin.
Another major advantage Bitcoin has over gold is ease of transaction. Countries don't have to spend millions of dollars to transport Bitcoin across oceans like they would with gold. $1 billion worth of Bitcoin can be sent anywhere in the world as easily as $5 worth of Bitcoin. Governments also don't need a Fort Knox or giant vault below NYC to store Bitcoin. It can be transferred and secured extremely quickly and easily.
Additionally, Bitcoin can't be counterfeited like gold can. There are many other advantages. This just scratches the surface.
Thank you for the video. Juste recently started to watch your videos and I think you’re one off the best people here. Wishing you good health and prosperity. Please continue your journey.
Thank you 😊
My main thought about bitcoin is, for bitcoin to have value you always have to convert it to a currency to give it value. It only has value because the market is honouring that value at the moment.
Great information. Much appreciated Ben
Thanks Michael
The appeal of Bitcoin is the built in rarity that it will have on 21 Million Virtual Bitcoins.
Great video...
So, still nervous on considering crypto since it is still a man-made system, where as metals were just "born" here in the universe. Can not be made or invented. And so what that 21 million is a max limit on bitcoin... it can still be divided into infintitesimal units, the other way, no?
Yes it can be. Bitcoin goes up to 8 decimal places and the single units are called Satoshis or SATs. When Bitcoin becomes more widely used, we'll be talking about pricing items in SATs vs full bitcoin.
So, the U.K. Sterling ended Gold Backing in 1931 and the U.S. ended Gold Backing 40 years later in 1971. For any other Currency to unseat The USD$ from its World Reserve Status would have to bring back unrestricted convertibilty to Gold or a combination of Commodities, hard assets.
Thank you, great video.
The U.S. gold holdings have not been audited since 1953 or 1954. The Treasury Department refuses Congressional requests for an audit.
What's wrong with this picture?
How many physical $USDs are overseas, notably circulating in Europe, but not solely?
I am very, very skeptical about the functional legitimacy of the U.S. financial system.
And I am with you in believing in PMs----until and if the Federal Reserve decides via the President and/or the Congress calls them as strategic metals that we can no longer own. Because, as you know, it's happened before, and with the unprecedented jam they've put us in with their spending and taking on ridiculous amounts of debt---anything is possible. They are capable of doing anything to us to protect their interests over ours.
We take the internet for granted, but it can easily-enough be used against us too. And events can conspire to take it away from us in a flash---or a series of simultaneous flashes. Or sequential deprivation. That's what keeps me from considering cryptocurrencies.
I could care less about transaction ledgers... I'll stick with the shiny metal stuff
That is also what I do personally. And I am upfront about my bias to physical precious metals.
I dont know, dudes. I think crypto and all these ICOs are just a bubble. Well, crypto is good for transfers and so on, but I dont engage in trading and staking either. Its too risky. My friend recently lost $5000 there. I invest crypto in real business
Agreed that most, if not all crypto is worthless. Stable coins and Bitcoin will be the ultimate winners.
If Bitcoin truly has value, why is it traded for worthless fiat dollars?
Literally everything is traded for worthless fiat dollars. Fiat dollars are today’s unit of account… not sure what your point is.
Everyone will capitulate to Bitcoin.
Bitcoin vs. US dolar can't be compared. Bitcoin is net valuable. Bitcoin can be compared with gold where Bitcoin is again better. So... 😊
Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!
Ben, you should buy at least one Bitcoin before the halvening in 2024. You will double your money. I can’t afford a Bitcoin but I do buy XRP. It’s a whole lot easier for me to double my money on it because I bought each at 46 cents. When the halvening takes place, when bitcoin goes up the others follow.
These kinds of comments are not helpful. Good luck with XRP 😂