What is Money? (Money 101)
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- Опубликовано: 1 июл 2024
- Money is at the center of almost everything we do, but the average person probably hasn't thought deeply about the foundational concepts of money.
What makes a form of money good or bad relative to another?
Why has money changed forms so many times historically?
What will money look like in the future?
In this video, I aim to explain the functions and characteristics of money, helping to deepen your understanding of the thing people use every day.
0:00 Introduction
0:13 What is Money?
0:49 The 3 Functions of Money
2:45 The 8 Characteristics of Money
8:54 The Acceptability of Money
9:19 Brief Evolution of Money
10:40 The Fiat Money Standard
11:05 The Big Problem With Fiat Money
12:10 A 28x Return Without Growing Wealth
13:45 Quick Recap
14:15 The PERFECT Money (Thought Experiment)
➥ How I Buy Bitcoin Daily: bit.ly/3nQ6a6W
Visual Capitalist's Purchasing Power of the US Dollar: www.visualcapitalist.com/purc...
Inflation Calculator: usinflationcalculator.com
Economic Data: tradingeconomics.com/
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➥ Robert Breedlove's Channel: / robertbreedlove22
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Хобби
I really enjoyed working on this video project. I think it's my favorite video I've ever created. I hope you learned some things from watching it!
Please leave me feedback down below!
Chris
HUH FASCINATING , LIKE I HAVE read all these things before but it is nice to recapitulate money stuff
Definitely great video, very insightful, and I've enjoyed watching it! Thank you!
Do you have a discord group?
Good that you create again!
Thank you! Feels good. I hope you enjoyed it.
The only issue with this video is saying that we used to use the barter system. There is no historical evidence to suggest people ever used to barter. Since the beginning of civilization, humans have always used some form of money. Almost like it's intrinsic to how we communicate value with each other. An abstraction layer as deeply ingrained in us as language.
Good video. I honestly was expecting it to be a sales ad for Bitcoin knowing your position but it was pretty unbiased. Great stuff.
Haha thank you!
really nice put it together
Thank you for watching and leaving feedback. Glad you liked it!
Excellent description of money. Gives a great baseline for people to understand bitcoin and the bigger picture.
Thanks Rocky! I appreciate the feedback!
Money is power and /time and a way to express value
good to see you make'n videos again
Thanks! Feels good to be creating again. Any videos you'd like to see?
Very well done!
Thank you!
Thank u for teachin some girl in Florida so much that yesterday i took some screenshots of call n put options exp 4/29 JUST so ican see next week how my picks woulda gone!! I feel accomplished just doin this act! I chose gme amc strictly on oi and vol.
Gonna do the same, before I start investing some money into it
Thanks for your video it shows that money slowly changes over time a good reminder about the vulnerability of the US dollar and the security of bitcoins transfer ability. Thank you again
Thanks for watching!
Do more vids like this!
Great video! However, I wonder how governments will be able to adapt monetary policies for specific countries in the future in case we have a universal accepted digital currency?
Nice video
Thanks for watching and commenting! I'm glad you liked it.
I literally clicked on the video to ask you if you offer any course content/paid class online for options trading. I'm currently in one now, took a break to watch ur video and was very impressed.... thx
Thank you E B! I don't offer any paid stuff right now. Are you interested in 1-1 calls where I could answer your specific questions?
@@projectfinance Absolutely
Clicked on the video thinking "Chris must be listening to Breedlove too". Didn't disappoint
I have been for a while! Love that guy!
That was a great video. I didn't have a gold bar so I just stared at a $bill knowing exactly what it's worth. 😎
Haha thanks for watching Mr. Gino!
Show me the money... SHOW ME THE MONEY!!!
Videos like these deserve more views
I appreciate that. Maybe in time!
I've been investing in stable coins for years and they haven't gone up one penny!
Cash rules everything around me
C.R.E.A.M., get the money
Dollar dollar bill, y'all
Cash rules everything around me
C.R.E.A.M., get the money
Dollar dollar bill, y'all
where the money at?
Sound money or scarce money is the worst thing that can happen to the broad economy. Trading markets you should know that money tends to hoard and deflation is far worse than inflation for the low income layer of society. During depression like we are in today since 2008 they're the ones who borrow, can't inflate their debt away and eventually loose jobs. Medium of exchange should be inflationary opposed to store of value. This is why Bitcoin is never going to be the first one but has decent chance for the latter.
Can you elaborate? How is deflation or at least a stable currency bad for the economy? What effect will it have? Poor people seem to get negatively affected by inflation the most, so how would deflation hurt them more? I think it might rather hurt the richer people after all.
Maybe it's time we need to move away from current debt based economic models. All of our economy seems to be based on growth, but at some point no further growth will be possible, because the earth has limited resources after all.
Each currency should go to the moon ...
Digital currency is useless without the internet. If some crazy shit happened, like a crazy solar flare or a nuclear detonation no amount of digital currency will help you. You have to have some physical gold, silver, cash.
That's correct! If we had complete loss of access to the internet, the world would be in big trouble.
If we get into any of these situations you described, money will be our smallest problem...
So this is not really a problem of digital currency imo