@@hendrixansel9750 I like the Monero community and their emphasis on privacy. Unfortunately, Monero is hot potato money: ruclips.net/video/1LTT7wwyUAQ/видео.html&ab_channel=BitcoinUniversity
On that note, I’m going to buy my daily “at least” $1-$2” of BTC daily for the past 3+ yrs. Doesn’t sound like much, and it isn’t, but, I’m about .25 of a total BTC now and I don’t make a lot of money. Rock on Bitcoin.
That's fantastic! At that rate you must have been buying for a long time, and that takes a lot of patience. Keep going! .25 is not trivial! I DCA too and it has kept me at a reasonable average price as BTC's buy price swoops up and down. One thing I would suggest is getting a Roth IRA you can buy bitcoin in, too. At 25, if you keep your DCA'ing up, you could have a tax-free bitcoin fortune in a Roth IRA when you retire. Or even if you get a Roth IRA for stocks or any other asset -- the tax-free returns are a gigantic benefit.
Saylor had a good analogy comparing buy btc to a buying a city block in NYC in 1776. People in the 1870’s thought they were 100 years too late to buy and so did people in the 1970’s but the ones who did look like geniuses now.
@@nieuweabnormaal5869 Is also something produced through physical means, unlike POS coins, and produces an immutable ledger. Important in a reality in which money rules the world even down to the long-term stability of marriages.
The rest of that Michael Saylor video was also good. The interviewer asked "What is the end game with Bitcoin for Microstrategy?". In true Saylor fashion he replied "Bitcoin IS the end game". The look on the interviewer's face was just priceless.
The people who don’t get it, sometimes, well, most of the time, will never truly, get it. They’ll all jump on board eventually, but they will never know why. Or care.
@@fowchiiiliedpuppiesdied Luckily that doesn't much matter. Their onboarding will help with the network effect for everyone else and indeed the whole world, IMO.
Can someone please explain why BTC's success is measured against USD if USD is apparently worthless or going to become worthless? Even if BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isnt infinity * 0 still 0?
I sold 25 ounces of physical gold, shipped it registered mail across the country to a large broker. The package got stuck in Milwaukee for 6 days, stuck in Chicago for 2 days and took 2 weeks to reach the broker. The broker then counts it, verifies its real, initiates a bank wire to my bank. My bank then takes 2-4 days to process the wire. Total round trip time to sell my Gold is about 18-20 days. Meanwhile bitcoin has risen another 10% in the time it took to sell my gold. If gold is actually real money then why is it so hard to find someone to buy it? These are just some of the problems with gold and silver. Good riddance to the shiny yellow rocks!
@@FlorisDVijfde Yes. I’ve bought and sold Gold & SIlver for over 20 years and both are complete garbage compared to Bitcoin. Try selling $10k to $100k in metals locally and you’ll discover that most dealers don’t have that much money available to buy your metals. Even when you do find a broker who can buy it the fees are high, the shipping is expensive and the stress is unbearable when dealing with those kinds of numbers. With bitcoin i can click a few buttons and buy or sell $100k worth of bitcoin in a few seconds easily. I can take my bitcoin with me to any foreign country and never have to worry about it being stolen by government thugs. Try that with $100k in gold. Also most foreign countries I’ve visited have very limited ability to buy back any metals. 80 to 90 cents on the dollar buyback of gold is common in many places I’ve visited. I think many people like me are starting to figure this out and will also be dumping their metals for bitcoin during this cycle.
It can get repetitive, but repetition is a keystone of both advertising and learning, and bitcoin benefits from advertising and we all benefit from learning.
I worked in India for two years, paid in Rupees. The Rupee had been a 'strong' currency up to my arrival, steadily appreciating against the dollar. Over the next two years it lost about 35% (against the dollar). I did not renew the contract. Welcome to the world of fiat.
I've been employing the skillset of an advisor ever since the stock selloff of Aug, 2015, when the Dow Jones fell by over 1800pts, which inherently wiped out all my gains. I was down over $80k(terrible times)... that's when I began using an advisor. Took about 6 months for me to break even and also net a gain of about $860k while others waited over 2 years to just just break even. Definitely, being aggressive comes with greater risk, but with an investment-coach, it has all been calculated risk.
Bitcoin and crypto in general have helped me survive some really tough times. I remember a time when I couldn’t save $1000. Now, I can rest assured knowing that my mom has more than I do, and using bots to balance my portfolio, I will be able to buy 24/7. People laughed at me, argued with me, stopped talking to me. I had some roommates back in 2020 that got tired of me talking about it everyday. I never had doubts. This cycle lives will be changed for better or for worse. Keep stacking sats my friend.
The only thing I have against Bitcoin is that it doesn't produce cash flow. When you talked about the downsides of real estate you were giving examples of investing in the US, but if you're investing in foreign real estate in fast-developing countries then could you say real estate in that context is a better investment? Or at the very least something you would put a % of your portfolio into and not go 100% into bitcoin? If you plan on hodling bitcoin for life then what's the point if you never sell?
When I tell people that my grandparents bought their home in 1958 in San Francisco for $12,800 and that I sold it for over 2 million dollars in 2020 , they are usually amazed at how fantastic the appreciation of the house was. What they don't see is the correct way of seeing this: that the dollar has depreciated so much in value. I put much of that 'money' into bitcoin and sleep well at night. Thank you professor Kratter.
@mitchbatten8281 I sold a house in a city that is going to sh*t at warp speed and put it into something that is rapidly appreciating against the chosen token, (the dollar) of those who implement policies that ruin beautiful cities like San Francisco.
@mitchbatten8281 I sold a house in a city that is (tragically), in very rapid decline and put that 'money' into an asset that is rapidly appreciating against the token - the dollar- (that the people who enact the very policies that are ruining once beautiful places like San Francisco ), support. I'm opting out of that system and supporting one that I believe in and want to live in. You do you and I'll do me.
Can someone please explain why BTC's success is measured against USD if USD is apparently worthless or going to become worthless? Even if BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isnt infinity * 0 still 0?
at some point in the future, bitcoin will no longer have to be measured in dollars think of it like this. as of today. almost all properties and commodities still are measured in dollars. say a house is measured at 300 thousand dollars. 300 thousand dollars is the current nominal price of that house. it means people are willing to give up 300 thousand dollars in exchange for that house. tomorrow, next month, or next year, the owner of that house may demand more dollars for the same house (450, 500, 600k dollars) due to the ever-increasing supply of dollars in circulation, people are giving the dollar of less and less importance. if the government decides tomorrow to inflate the dollar supply again by printing another 20 trillion then pumping it into circulation, you'll suddenly start seeing more people with dollars in their pockets wanting to buy that same house. Now you will have to compete with other buyers for that house. price war starts resulting in to rise in bid prices for that house. *** Back to your question: BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isn't infinity * 0 still 0? When the day comes when people are already willing to give up all the dollars in their pockets for just a piece of Bitcoin, bitcoin will have already been the new measure of value for all properties and all institutions will have already adopted bitcoin as their new payment and transaction means. by that time, people will have probably chosen 0.000250 bitcoin for a car than say 1 trillion dollars. No one is going to have to accept dollars for bitcoin and that signals the official collapse of the dollars.
But how valuable is BTC when there are no dollars to compare it to? If USD becomes worthless then why keep measuring BTC's success in USD? Or against any other currency for that matter? Whats the end game if btc is worth infinity USD and USD is worthing nothing then by implication infinity * zero = zero?
Nice! I didn't even try to convert my mom, because she is uninterested in finance and won't even listen to simple advice like dropping her expensive financial advisor to invest at least part of her monies into a low-fee S&P 500 fund to save money and likely get as good a return or better. She can google that and verify it's truth and she's still not interested, so something like BTC is well beyond her reckoning. Good for you and your mom that she's a flexible thinker!
😅. My son told me about btc and I have been DCAing since 2018. I'm the one now encouraging all my children to keep buying. The only other person from my family who is interested is MY mom. Most people don't take the time to understand it and are sadly entrenched in the financial status quo. I have Matthew to thank as my go to learning channel plus a lively whatsapp group of crypto maniacs!
Great content, and I thank you for breaking it down!! Even in the current crypto dip, I'm still happy I can smile back at my portfolio of $67k made from my weekly trade within a short period. 💯💯💯
I reached a major stacking goal but still don't feel like I stacked hard enough. Keep beating myself up for not paying more attention sooner. 😢 Maybe this is common?
I am in a constant mental battle with myself not to sell a couple of percents of my btc at 250% profit. So very very hard not to realise this profit even though i don't need it for my everyday life. So far i am holding strong.
It's always good to do a thought experiment. Figure out what you would actually buy with the BTC you sell. Then think about what you think BTC will be in 10 years and what you think the value of whatever you're going to buy will be in 10 years. I do this, and it makes it really difficult to justify selling.
Let's consider Maslow's pyramid in the digital world. In my opinion,the basic needs in this world are everything related to Cybersecurity. So, Bitcoin could be the answer and play a crucial role in protecting civilians, organizations, devices/networks.. holder of BTC can rent it(infinite cashflows).
Thank you, Matthew! Maybe you could sprinkle some more comments in your videos about being an isolated bitcoiner, learned behavior, inertia, baby steps, lingering resistance to change, giant steps and learning curves. Going from singlesig to multisig; different plateaus of achievement, the difference between sprint and a marathon. Thank you for all you do!
The sooner you start pricing your life in Bitcoin the sooner you realise it doesn't matter what the shitcoin fiat price is. The only part that hurts is getting so much less sats now every time you buy.
Hi Mathew, long time veiwer here. I once tried to convince someone of getting bitcoin and they said it's a "greater fool" theory at work. Though I do not believe this, I haven't seen a video on this topic. Just want to know your thoughts.
Sadly ETFs already are manipulate the market and price. I'll wait for a correction to buy more, this mega inflated price movements will not keep this path. I buy since $800 (2016), bitcoin don't need ETFs!
Great analogy with the lifeboat. Perfect way to dismiss "Oh I should have bought BTC at 100.00". The objective is to preserve and grow wealth from this point forward. Hindsight is always 20/20 and we can not act on it.
If using a brand new HW wallet from the OEM, with a brand new computer from the OEM, is there any antivirus/malware/scanning software you recommend to harden up the computer BIOS and OS? Same question for windows settings. Thanks.
Hi Matthew, I've been wondering when your btc is non-kyc. Is it when the government simply doesn't know you have it or when they can't trace it? Say I buy USDT on a KYC exchange. I buy BTC on a non-kyc exchange with my kyc USDT. The government knows that I have bought USDT but not the BTC, so they have no way of connecting the BTC to me, but the know how much I have. Is this non-kyc?
…And your coins can become tainted and blocked. Everybody and their brother are focused on Bitcoin. They forget (or don’t realize) that it’s non-fungible, traceable, and public. So what’s the true solution? Monero.
Matt, is the traditional finance world developing lending products so that we can use our BTC as collateral for a fiat loan? I wouldn’t want to sell my BTC in the future for fiat, but will likely need this kind of borrowing capability. A good subject for a future video. Keep up the great work!
It's a dang shame that the "educators" don't discuss BTC with the young. In doing so, these kids could all be free from the "gubmint". And that's likely why the "educators" don't teach about BTC. Sad.
There are a few use cases where you still need to exchange BTC for fiat or even keep fiat for a few years due to BTCs volatility (for now). Prime example of mine, I’m completely paying off my house/mortage in the next 3 years which has a certain value in fiat. Trading all my saved fiat for BTC right now would be unwise because it’s possible that paying off my house will be delayed by volatility in BTC in the short term. With fiat saved I guarantee my house payment in the next 3 years (the price is always X fiat). And this is the house I live in, it’s for utility purposes, not investment purposes. When my house is paid off, that’s when I feel I can go all in on BTC. For now I’m just putting a little bit in it every month.
Thank you for the video ! Do you believe that AMZ45G will be the main pump in 2024? I mean they prepared it for a long time and the vision is beyond greatness
"Only keep as much money in US dollars and other fiat money as you are willing to lose" This statement could not be more true and yet this is the single most overlooked or misunderstood aspect. Bitcoin is the constant. It is unwavering. It is unchanging. It is the most stable thing in the world. Bitcoin only appears volatile because you are pricing it in terms of existing fiat - which has been manipulated, devalued, debased, inflated, and corrupted beyond recognition. When you price bitcoin in terms of fiat you are using the old, analog, corrupt, inflated, debased, and limitless system to assign a price to the new, digital, immutable, non-corruptible, finite system. This is insane and laughable. 1 BTC = 1 BTC. Always has. Always will. If you do not yet understand this key aspect then keep learning. Bitcoin is an overwhelming benefit to all humanity. Its importance cannot be overstated.
Hey Matthew👋🏼👋🏼 Suggestion for future video: what happens after the last halving in 2140? I suppose that (without increasing the max supply) the 8 decimal convention could be abandoned for additional decimal points or we could name them millisatoshi or whatever (maybe Hal's in honour of Hal Finney) and the Coinbase will continue to halve for eternity, thereby guaranteeing a minimal subsidy for miners and asymptotically grow towards 21 million. This would NOT increase total supply and arguably not even require a hard fork because the millisatoshi exist nonetheless and it would be backwards compatible. What do you think??
It's never to late as long as the government sanctioned fiat ponzi scheme exists. In fact, the fiat price is .meaningless and it's much better to compare the value of bitcoin to other HARD ASSETS like real estate, gold etc.
I am in btc sice 2017, I am getting richer now. The problem for me now is I live in a third world country, I have a hard wallet and I am affraid people could break in my house and try to steal me. How can I solve this problem?
If one does anything that is valued by other people, then he can also EARN his Bitcoin. Buying and sitting on it for years still works, but more and more people will simply make Bitcoin just like they make money, because it is money after all.
Future topic: what do you do if you own BTC and don’t want to sell but want to enjoy the benefits of being a hodl’r? In other words, do hodlrs take out a loan against it? Can they put it up for a down payment on a house? The reason I ask is because I don’t want Blackrock or some other company to centralize BTC. I want to pass the wealth onto my children and teach them to hodl and pass on the wealth. HELP!
Matt I heard this same exact message from you at the top in 2021. I dca’d all the way down and back up again. I can’t tell you how grateful i am for your message back then. Thanks for the orange pill.
Same here. I went from the crazy Bitcoin guy to the lucky Bitcoin guy. I tell my co-workers, "I'm not lucky, I understood what Bitcoin is. More importantly, I understand where the fiat system is going."
Fools need even bigger fools. So make advertisement for the things you own and then sell them quickly to tank it. Especially products that you cannot hold in your hand like bitcoin.
@@Bitcoin_University That's a 1%-er of the 1%-ers of workers who can do that, though. Adoption is just not that wide yet, nor skill sets so easily transferable. And you still have to worry about tax evasion issues whether sending or receiving. One day, let's hope.
I really appreciate your understanding and faith on Bitcoin. I am a believer and an investor in Bitcoin. I have a query and would like to know your thoughts on this…As you said Bitcoin is the best currency to store or convert your fiat money into, but what if the value of Bitcoin falls as it did after the bull market of 2021 and after the start of Russia Ukraine-war. I completely agree on your justification of how the value of dollar has depreciated, but what will happen if the value of Bitcoin falls and it becomes soo less that we cannot purchase things that we could have using fiat since fiat is not that volatile as Bitcoin is. Do we have to wait in this situation for the price of the Bitcoin to go up and how this will be tackled by Bitcoin as computer program and by the people who are holding or not holding it?
Hey Matthew I know you have done plenty of videos on energy useage by Bitcoin miners but maybe a video about the use of energy being used by AI verses Bitcoin, I just watched a video about renewables and they are not going to keep up with the demand of AI. cheers.
Hi.. . I am looking for a video that can help me out host bitcoins. Question... Where is bit coin saved and how if the website goes off how can one access it. Sorry about my stupid questions I'm too young and still a noobie on this matter!
BTC makes up 0.2% of global assets. Most of it are negative yielding bonds that most use as collateral to buy better assets. BTC has a lot more upside.
Another quality video Matt! This video is perfect to send to friends and family who are not on the Bitcoin train yet. Thank you for what you do. I’m really enjoying your Bitcoin University paid lectures. I’ve rolled a large portion over my superannuation into BTC and now looking forward to my retirement in 25 years.
What would happen to Bitcoin's price if Tether went to 0? They are printing a lot of fake usdt on ethereum and people uses that to buy Bitcoin. Would it crash or go to infinity?
This is gonna be a crazy year for digital assets now with AMZ45G right? We already are set in for the bullrun anyway and if companies like them enter the field and make their own asset which will be integrated widely and used by the mass then we are on the bottom of the mountain with only one way which is upwards
I like Michael Saylor’s explanation. Property in Manhattan was some of the most expensive in the world in 1800. It wasn’t to late because it went up dramatically by 1900. It still wasn’t to late as it went up dramatically by 2000. And so on.
There is no where else to park your dollars outside of bitcoin that is worth the hassle or risk. If you have additional dollars, park it in bitcoin. If you do not have additional dollars, find a way to make some and convert those into bitcoin.
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
At 3:00 I should have said "arsonists" instead of "arsons"
Bitcoin is the second best crypto coin (after monero).
@@hendrixansel9750😂
Or possibly "arseholes" (to use the English spelling).
@@_outofphase5480 who doesn't ?
@@hendrixansel9750 I like the Monero community and their emphasis on privacy. Unfortunately, Monero is hot potato money:
ruclips.net/video/1LTT7wwyUAQ/видео.html&ab_channel=BitcoinUniversity
Is it too late to breathe clean air, eat real food, cherish your family and friends?
That's a great way of framing it
On that note, I’m going to buy my daily “at least” $1-$2” of BTC daily for the past 3+ yrs. Doesn’t sound like much, and it isn’t, but, I’m about .25 of a total BTC now and I don’t make a lot of money.
Rock on Bitcoin.
Nice 👍
That's fantastic! At that rate you must have been buying for a long time, and that takes a lot of patience. Keep going! .25 is not trivial! I DCA too and it has kept me at a reasonable average price as BTC's buy price swoops up and down. One thing I would suggest is getting a Roth IRA you can buy bitcoin in, too. At 25, if you keep your DCA'ing up, you could have a tax-free bitcoin fortune in a Roth IRA when you retire. Or even if you get a Roth IRA for stocks or any other asset -- the tax-free returns are a gigantic benefit.
The Roth IRA idea is really smart advice, especially for someone in their twenties.
Bro, we don’t have 100x left but I agree with the sentiment.
@@joek292 🥴huh?
Saylor had a good analogy comparing buy btc to a buying a city block in NYC in 1776. People in the 1870’s thought they were 100 years too late to buy and so did people in the 1970’s but the ones who did look like geniuses now.
Yes
A city block is something physical and useable. Bitcoin however.....
@@nieuweabnormaal5869 You might enjoy this video:
twitter.com/saylor/status/1767644820481200338
@@nieuweabnormaal5869 Is also something produced through physical means, unlike POS coins, and produces an immutable ledger. Important in a reality in which money rules the world even down to the long-term stability of marriages.
Exactly
The rest of that Michael Saylor video was also good. The interviewer asked "What is the end game with Bitcoin for Microstrategy?". In true Saylor fashion he replied "Bitcoin IS the end game". The look on the interviewer's face was just priceless.
The people who don’t get it, sometimes, well, most of the time, will never truly, get it. They’ll all jump on board eventually, but they will never know why. Or care.
@@fowchiiiliedpuppiesdied Luckily that doesn't much matter. Their onboarding will help with the network effect for everyone else and indeed the whole world, IMO.
Can someone please explain why BTC's success is measured against USD if USD is apparently worthless or going to become worthless?
Even if BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isnt infinity * 0 still 0?
I sold 25 ounces of physical gold, shipped it registered mail across the country to a large broker. The package got stuck in Milwaukee for 6 days, stuck in Chicago for 2 days and took 2 weeks to reach the broker. The broker then counts it, verifies its real, initiates a bank wire to my bank. My bank then takes 2-4 days to process the wire. Total round trip time to sell my Gold is about 18-20 days. Meanwhile bitcoin has risen another 10% in the time it took to sell my gold. If gold is actually real money then why is it so hard to find someone to buy it? These are just some of the problems with gold and silver. Good riddance to the shiny yellow rocks!
Soooooooooooooooo true. FACT.
Great story-- I've heard similar stories from many former gold bugs
This was always my fear. And now that gold is finally doing better it was still outperformed by bitcoin by miles past two months.
Still physical gold is good to have
@@FlorisDVijfde Yes. I’ve bought and sold Gold & SIlver for over 20 years and both are complete garbage compared to Bitcoin. Try selling $10k to $100k in metals locally and you’ll discover that most dealers don’t have that much money available to buy your metals. Even when you do find a broker who can buy it the fees are high, the shipping is expensive and the stress is unbearable when dealing with those kinds of numbers. With bitcoin i can click a few buttons and buy or sell $100k worth of bitcoin in a few seconds easily. I can take my bitcoin with me to any foreign country and never have to worry about it being stolen by government thugs. Try that with $100k in gold. Also most foreign countries I’ve visited have very limited ability to buy back any metals. 80 to 90 cents on the dollar buyback of gold is common in many places I’ve visited. I think many people like me are starting to figure this out and will also be dumping their metals for bitcoin during this cycle.
Jerome Powell: "Mayday Mayday, we are sinking, repeat we are sinking!"
German Bitcoiner: "hellooo, what are you sinking about?"
Lols
Thanks a good one!
😅
best commercial ever
I love the “your ego is not your amigo” quote. Totally stealing that, Matthew. Thanks so much. You’re helping me immensely.
Every second of air time with Michael Saylor on live television is a blessing to humanity.
He's an amazing intellect
It can get repetitive, but repetition is a keystone of both advertising and learning, and bitcoin benefits from advertising and we all benefit from learning.
I plan to spend the rest of my life telling normies, "everyone gets into Bitcoin at the price they deserve".
Yes, that’s fair, but smug. I don’t enjoy the feeling of being smug. Never have.
@@fowchiiiliedpuppiesdied I always get a smug response when trying to introduce BTC to them. So I think Dunking on them once in awhile is fair.
@@CurieBohr I'm laughing at them now. Lol
Doesn't sound like a welcoming slogan for new people who just are curious about it and are trying to get into the space.
I'll be saying "I'm glad you finally got in. Welcome aboard."
I worked in India for two years, paid in Rupees. The Rupee had been a 'strong' currency up to my arrival, steadily appreciating against the dollar. Over the next two years it lost about 35% (against the dollar). I did not renew the contract.
Welcome to the world of fiat.
I've been employing the skillset of an advisor ever since the stock selloff of Aug, 2015, when the Dow Jones fell by over 1800pts, which inherently wiped out all my gains. I was down over $80k(terrible times)... that's when I began using an advisor. Took about 6 months for me to break even and also net a gain of about $860k while others waited over 2 years to just just break even. Definitely, being aggressive comes with greater risk, but with an investment-coach, it has all been calculated risk.
It's never too late to dump fiat.
That's great framing
Never too late to buy more BTC 🚀🚀
Nobody understands me
I know the feeling. Fortunately, we Bitcoiners have each other
Matthew does…
Bitcoin and crypto in general have helped me survive some really tough times. I remember a time when I couldn’t save $1000. Now, I can rest assured knowing that my mom has more than I do, and using bots to balance my portfolio, I will be able to buy 24/7. People laughed at me, argued with me, stopped talking to me. I had some roommates back in 2020 that got tired of me talking about it everyday. I never had doubts. This cycle lives will be changed for better or for worse. Keep stacking sats my friend.
What?
I understand you. 👋
I eagerly click your vids man!! 😊you rock!
Thank you Matt! Love your videos. Cheers fro Argentina 🇦🇷
The only thing I have against Bitcoin is that it doesn't produce cash flow.
When you talked about the downsides of real estate you were giving examples of investing in the US, but if you're investing in foreign real estate in fast-developing countries then could you say real estate in that context is a better investment? Or at the very least something you would put a % of your portfolio into and not go 100% into bitcoin? If you plan on hodling bitcoin for life then what's the point if you never sell?
"Your Ego is NOT your amigo" 😂🧡
When I tell people that my grandparents bought their home in 1958 in San Francisco for $12,800 and that I sold it for over 2 million dollars in 2020 , they are usually amazed at how fantastic the appreciation of the house was. What they don't see is the correct way of seeing this: that the dollar has depreciated so much in value. I put much of that 'money' into bitcoin and sleep well at night. Thank you professor Kratter.
🎯
@mitchbatten8281uhhh, no- it’s a decentralized digital commodity - stored energy.
@mitchbatten8281 I sold a house in a city that is going to sh*t at warp speed and put it into something that is rapidly appreciating against the chosen token, (the dollar) of those who implement policies that ruin beautiful cities like San Francisco.
@mitchbatten8281 I sold a house in a city that is (tragically), in very rapid decline and put that 'money' into an asset that is rapidly appreciating against the token - the dollar- (that the people who enact the very policies that are ruining once beautiful places like San Francisco ), support. I'm opting out of that system and supporting one that I believe in and want to live in. You do you and I'll do me.
@mitchbatten8281 I've written two replies to you but both were censored by someone who didn't like my response I guess. Weird.
Thank you for what you do. Big hug from Chile.
Big hug to you, from the states.
Would love to visit Chile someday!
@@AndrewKangas you would love it, bro. 100% worth going.
It always seems too late when you buy Bitcoin and then if a few years you always wish you'd bought more.
Can someone please explain why BTC's success is measured against USD if USD is apparently worthless or going to become worthless?
Even if BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isnt infinity * 0 still 0?
at some point in the future, bitcoin will no longer have to be measured in dollars
think of it like this. as of today. almost all properties and commodities still are measured in dollars. say a house is measured at 300 thousand dollars. 300 thousand dollars is the current nominal price of that house. it means people are willing to give up 300 thousand dollars in exchange for that house. tomorrow, next month, or next year, the owner of that house may demand more dollars for the same house (450, 500, 600k dollars) due to the ever-increasing supply of dollars in circulation, people are giving the dollar of less and less importance.
if the government decides tomorrow to inflate the dollar supply again by printing another 20 trillion then pumping it into circulation,
you'll suddenly start seeing more people with dollars in their pockets wanting to buy that same house. Now you will have to compete with other buyers for that house. price war starts resulting in to rise in bid prices for that house.
*** Back to your question: BTC becomes infinity USD, and if USD is equal to 0 ( 0 of anything). Isn't infinity * 0 still 0?
When the day comes when people are already willing to give up all the dollars in their pockets for just a piece of Bitcoin, bitcoin will have already been the new measure of value for all properties and all institutions will have already adopted bitcoin as their new payment and transaction means.
by that time, people will have probably chosen 0.000250 bitcoin for a car than say 1 trillion dollars.
No one is going to have to accept dollars for bitcoin and that signals the official collapse of the dollars.
Thinking of putting my Bitcoin into a Roth IRA so I don't have to pay taxes on Gaines
Also, don't use your ego to brag about getting in early. Stay humble and help others to get aboard the life boat.
But how valuable is BTC when there are no dollars to compare it to?
If USD becomes worthless then why keep measuring BTC's success in USD? Or against any other currency for that matter?
Whats the end game if btc is worth infinity USD and USD is worthing nothing then by implication infinity * zero = zero?
It's because most of the world measures their wealth in terms of dollars or pesos or lira. So we have to speak in terms they'll understand.
My mom bought bitcoin!!! 🙌
That's wonderful news
Nice! I didn't even try to convert my mom, because she is uninterested in finance and won't even listen to simple advice like dropping her expensive financial advisor to invest at least part of her monies into a low-fee S&P 500 fund to save money and likely get as good a return or better. She can google that and verify it's truth and she's still not interested, so something like BTC is well beyond her reckoning. Good for you and your mom that she's a flexible thinker!
😅. My son told me about btc and I have been DCAing since 2018. I'm the one now encouraging all my children to keep buying. The only other person from my family who is interested is MY mom. Most people don't take the time to understand it and are sadly entrenched in the financial status quo. I have Matthew to thank as my go to learning channel plus a lively whatsapp group of crypto maniacs!
@@MarcIversonIt's frustrating isn't it to have family members like that? Especially women don't seem to care, totally oblivious.
Great content, and I thank you for breaking it down!! Even in the current crypto dip, I'm still happy I can smile back at my portfolio of $67k made from my weekly trade within a short period. 💯💯💯
Is It Too Late To Buy Bitcoin? No, it's never too late to throw your money down the toilet!
I already run out of FIAT, I am all in, in BTC, and very happy with it. Thank you Matt😊.
Why did they let corporate buy into crypto if it's supposed to be the people's money 💰
I reached a major stacking goal but still don't feel like I stacked hard enough. Keep beating myself up for not paying more attention sooner. 😢 Maybe this is common?
It's very common-- I often feel the same way myself. Go easy on yourself-- you're still one of the lucky few who has any BTC at all
If it's a life boat from Haiti filled with Haitians, then I gotta say no.
Cheers Mat, every one of your videos is appreciated. Much love from Sydney Australia.
Thank you, and much love to all Australian Bitcoiners
Matt’s daily videos helped us keep hope through the bear market. How cool to now listen to him at ATH
There are going to be endless new ATH over our lifetimes. Feels good
it already mooned, wake up? yes , if u have 100k to put in, sure, Most ppl dont, so dont bother investing into bitcoin
You didn't even bother to watch the video
"I'll be buying at the top, forever." Michael Saylor.
I love a mid afternoon Bitcoin University video! Thanks for all your efforts, Mathew.
Hi Matthew, a thought for a future video. “How much BTC would an average person need to to secure their family for generation”
ITS NEVER TOO LATE FOR ANYTHING.....plus bcoin is falling daily......dca
I am in a constant mental battle with myself not to sell a couple of percents of my btc at 250% profit. So very very hard not to realise this profit even though i don't need it for my everyday life. So far i am holding strong.
Whenever you are tempted to sell some of your BTC, watch this video:
twitter.com/saylor/status/1767644820481200338
It's always good to do a thought experiment. Figure out what you would actually buy with the BTC you sell. Then think about what you think BTC will be in 10 years and what you think the value of whatever you're going to buy will be in 10 years. I do this, and it makes it really difficult to justify selling.
Let's consider Maslow's pyramid in the digital world. In my opinion,the basic needs in this world are everything related to Cybersecurity. So, Bitcoin could be the answer and play a crucial role in protecting civilians, organizations, devices/networks.. holder of BTC can rent it(infinite cashflows).
Got a bag of bitcoin but now, rather than buy more btc with cash, I put all my alt coin profits into bitcoin.
Thank you, Matthew! Maybe you could sprinkle some more comments in your videos about being an isolated bitcoiner, learned behavior, inertia, baby steps, lingering resistance to change, giant steps and learning curves. Going from singlesig to multisig; different plateaus of achievement, the difference between sprint and a marathon. Thank you for all you do!
The sooner you start pricing your life in Bitcoin the sooner you realise it doesn't matter what the shitcoin fiat price is. The only part that hurts is getting so much less sats now every time you buy.
Yes
DCA every time you get paid
I think that's great advice
It's a race to get as much bitcoin as you can. I don't worry about the price I worry about sats.
Really good overview, Matt....both realistic and optimistic! thanks much.......
Hi Mathew, long time veiwer here. I once tried to convince someone of getting bitcoin and they said it's a "greater fool" theory at work. Though I do not believe this, I haven't seen a video on this topic. Just want to know your thoughts.
Life Boat SS SATOSHI leaving soon get on board FED chair Powell was just eating by a WHALE a BITCOIN WHALE.
Another winner, Matthew. Thanks!
Thank you
Shared this video with a friend this morning. Thanks so much Matthew!
Sadly ETFs already are manipulate the market and price. I'll wait for a correction to buy more, this mega inflated price movements will not keep this path. I buy since $800 (2016), bitcoin don't need ETFs!
Great analogy with the lifeboat. Perfect way to dismiss "Oh I should have bought BTC at 100.00". The objective is to preserve and grow wealth from this point forward. Hindsight is always 20/20 and we can not act on it.
If using a brand new HW wallet from the OEM, with a brand new computer from the OEM, is there any antivirus/malware/scanning software you recommend to harden up the computer BIOS and OS? Same question for windows settings. Thanks.
Hi Matthew, I've been wondering when your btc is non-kyc. Is it when the government simply doesn't know you have it or when they can't trace it? Say I buy USDT on a KYC exchange. I buy BTC on a non-kyc exchange with my kyc USDT. The government knows that I have bought USDT but not the BTC, so they have no way of connecting the BTC to me, but the know how much I have. Is this non-kyc?
…And your coins can become tainted and blocked. Everybody and their brother are focused on Bitcoin. They forget (or don’t realize) that it’s non-fungible, traceable, and public. So what’s the true solution? Monero.
Matt, is the traditional finance world developing lending products so that we can use our BTC as collateral for a fiat loan? I wouldn’t want to sell my BTC in the future for fiat, but will likely need this kind of borrowing capability. A good subject for a future video. Keep up the great work!
It's a dang shame that the "educators" don't discuss BTC with the young. In doing so, these kids could all be free from the "gubmint". And that's likely why the "educators" don't teach about BTC. Sad.
There are a few use cases where you still need to exchange BTC for fiat or even keep fiat for a few years due to BTCs volatility (for now).
Prime example of mine, I’m completely paying off my house/mortage in the next 3 years which has a certain value in fiat.
Trading all my saved fiat for BTC right now would be unwise because it’s possible that paying off my house will be delayed by volatility in BTC in the short term. With fiat saved I guarantee my house payment in the next 3 years (the price is always X fiat).
And this is the house I live in, it’s for utility purposes, not investment purposes.
When my house is paid off, that’s when I feel I can go all in on BTC. For now I’m just putting a little bit in it every month.
Some don’t know a ship is sinking until they are treading in the water.
Most.
i dont even have a ship, ive been swimming and holding on floating logs lol.
"Slowly, then suddenly." That splash at the end can come as quite a shock.
99% of my portfolio is on bitcoin
Thank you for the video ! Do you believe that AMZ45G will be the main pump in 2024? I mean they prepared it for a long time and the vision is beyond greatness
"Only keep as much money in US dollars and other fiat money as you are willing to lose"
This statement could not be more true and yet this is the single most overlooked or misunderstood aspect.
Bitcoin is the constant. It is unwavering. It is unchanging. It is the most stable thing in the world.
Bitcoin only appears volatile because you are pricing it in terms of existing fiat - which has been manipulated, devalued, debased, inflated, and corrupted beyond recognition.
When you price bitcoin in terms of fiat you are using the old, analog, corrupt, inflated, debased, and limitless system to assign a price to the new, digital, immutable, non-corruptible, finite system. This is insane and laughable.
1 BTC = 1 BTC. Always has. Always will.
If you do not yet understand this key aspect then keep learning.
Bitcoin is an overwhelming benefit to all humanity.
Its importance cannot be overstated.
Hey Matthew👋🏼👋🏼
Suggestion for future video: what happens after the last halving in 2140?
I suppose that (without increasing the max supply) the 8 decimal convention could be abandoned for additional decimal points or we could name them millisatoshi or whatever (maybe Hal's in honour of Hal Finney) and the Coinbase will continue to halve for eternity, thereby guaranteeing a minimal subsidy for miners and asymptotically grow towards 21 million. This would NOT increase total supply and arguably not even require a hard fork because the millisatoshi exist nonetheless and it would be backwards compatible.
What do you think??
The best time to plant a tree is twenty years ago. The second best time is now.
Yes
Remember guys, Mathew has a solid record of being wrong short-term.
BTC will go much higher, but not without crashing again.
It's never to late as long as the government sanctioned fiat ponzi scheme exists.
In fact, the fiat price is .meaningless and it's much better to compare the value of bitcoin to other HARD ASSETS like real estate, gold etc.
I am in btc sice 2017, I am getting richer now. The problem for me now is I live in a third world country, I have a hard wallet and I am affraid people could break in my house and try to steal me. How can I solve this problem?
If one does anything that is valued by other people, then he can also EARN his Bitcoin. Buying and sitting on it for years still works, but more and more people will simply make Bitcoin just like they make money, because it is money after all.
Future topic: what do you do if you own BTC and don’t want to sell but want to enjoy the benefits of being a hodl’r? In other words, do hodlrs take out a loan against it? Can they put it up for a down payment on a house? The reason I ask is because I don’t want Blackrock or some other company to centralize BTC. I want to pass the wealth onto my children and teach them to hodl and pass on the wealth. HELP!
Matt I heard this same exact message from you at the top in 2021. I dca’d all the way down and back up again. I can’t tell you how grateful i am for your message back then. Thanks for the orange pill.
Same here. I went from the crazy Bitcoin guy to the lucky Bitcoin guy. I tell my co-workers, "I'm not lucky, I understood what Bitcoin is. More importantly, I understand where the fiat system is going."
Will bitcoin be at higher price in 2040? Yes. So buy it cheap now and be patient. Easy and simple.
It was only a few months ago the market cap of gold was $10 trillion. Recently I heard it was $16 trillion! #Inflation
Fools need even bigger fools. So make advertisement for the things you own and then sell them quickly to tank it. Especially products that you cannot hold in your hand like bitcoin.
It’s only to late when you can’t buy anymore off exchanges
Even then it's not too late, since you can still earn BTC by selling goods and services
@@Bitcoin_UniversityI agree - I never buy off exchanges anymore.
Mining is another option. If you can't afford the ASICs, you can also donate your spare CPU and GPU cycles to a non-KYC service in exchange for BTC.
@@Bitcoin_University That's a 1%-er of the 1%-ers of workers who can do that, though. Adoption is just not that wide yet, nor skill sets so easily transferable. And you still have to worry about tax evasion issues whether sending or receiving. One day, let's hope.
I was having dreams about this Bitcoin pump a few months ago. Bitcoin makes history every single day
I really appreciate your understanding and faith on Bitcoin. I am a believer and an investor in Bitcoin. I have a query and would like to know your thoughts on this…As you said Bitcoin is the best currency to store or convert your fiat money into, but what if the value of Bitcoin falls as it did after the bull market of 2021 and after the start of Russia Ukraine-war. I completely agree on your justification of how the value of dollar has depreciated, but what will happen if the value of Bitcoin falls and it becomes soo less that we cannot purchase things that we could have using fiat since fiat is not that volatile as Bitcoin is. Do we have to wait in this situation for the price of the Bitcoin to go up and how this will be tackled by Bitcoin as computer program and by the people who are holding or not holding it?
If things get cheaper in BTC, but you dont sell btc, how do you survive high inflation
Hey Matthew I know you have done plenty of videos on energy useage by Bitcoin miners but maybe a video about the use of energy being used by AI verses Bitcoin, I just watched a video about renewables and they are not going to keep up with the demand of AI. cheers.
Hi.. . I am looking for a video that can help me out host bitcoins.
Question... Where is bit coin saved and how if the website goes off how can one access it.
Sorry about my stupid questions I'm too young and still a noobie on this matter!
BTC makes up 0.2% of global assets. Most of it are negative yielding bonds that most use as collateral to buy better assets. BTC has a lot more upside.
Fiat is shiat 😂
Another quality video Matt!
This video is perfect to send to friends and family who are not on the Bitcoin train yet.
Thank you for what you do. I’m really enjoying your Bitcoin University paid lectures. I’ve rolled a large portion over my superannuation into BTC and now looking forward to my retirement in 25 years.
Much appreciated!
Is it too late to say sooooory
What would happen to Bitcoin's price if Tether went to 0? They are printing a lot of fake usdt on ethereum and people uses that to buy Bitcoin. Would it crash or go to infinity?
This is gonna be a crazy year for digital assets now with AMZ45G right? We already are set in for the bullrun anyway and if companies like them enter the field and make their own asset which will be integrated widely and used by the mass then we are on the bottom of the mountain with only one way which is upwards
I like Michael Saylor’s explanation. Property in Manhattan was some of the most expensive in the world in 1800. It wasn’t to late because it went up dramatically by 1900. It still wasn’t to late as it went up dramatically by 2000. And so on.
With this analogy, I've already found what I was looking for in this video
If the SEC approves an Ethereum ETF, then they need to approve a Pepe ETF as well… see how stupid that sounds!
You are brilliant m8, thank you for your work, you doing for us
It's too bad that the IRS doesn't let you write off the loss on your USD. Every year you would get a healthy tax return.
Thank you Matt. You’re appreciated so much.
There is no where else to park your dollars outside of bitcoin that is worth the hassle or risk. If you have additional dollars, park it in bitcoin. If you do not have additional dollars, find a way to make some and convert those into bitcoin.
How do we know bitcoin won’t become obsolete and a different digital currency become the standard?
There's only one problem with these videos and that is I have no sodding money to buy Bitcoin!
“To work for something that someone else can make for free is slavery”
#I❤BTC
I’m going to put 100% of my net worth into Bitcoin. $74 total.
Am I wrong; that you can only send bitcoin to pay for something or give it to someone if they have a bitcoin wallet?
Comment from Sunny Bradenton Florida 👍 Thanks as always Matt
Thanks for watching!
The ego approach is quite powerful, the ego is the source of all evil, in my opinion of course
You can be late to lifeboat if you some how manger to survive the next 100 years without it