I have learned more about the properties of money and how money works solely because my profound fascination with Bitcoin! Thank you Bitcoin! and Thank you Andreas!
18 min in and hes barely said anything of note...hes interested in the tech...he does not seem like a good investor...expected much more given the hype around him
In my opinion: Absolutely the best person you can have, as some kind of truth orcale, when seeking knowledge on the matter of Bitcoin; the work he has been doing on spreading that knowledge out to masses of people is in my eyes unmatched.
Andreas is one of the best orator I know. Captivating, clever and funny. Without a doubt...."Andreas Antonopoulos IS the the next ANDREAS ANTONOPOULOS!
What Andreas is talking about applies to all aspects of life. When you involve yourself in something purely for a particular outcome instead of being driven by your love and passion... IT ALWAYS WILL GO WRONG.
That story about time to sell is true! At late 2017 I heard the cashiers at my favorite supermarket talking about bitcoin and I thought by myself, "now, I should sell", because I remembered that stock market stories that if everybody is talking about you should sell. But I did not sell! And you all know what happened! ;(
until the tip of the mania phase. when it revereses. everyone talking about bitcoin... except the people who you told to buy at $4k. The one's that said "how's that bitcoin thing doing lately?" ...the week of a 50% drop
L L say any other altcoin and there wouldn’t be a reaction. Because no one else knows about them. I would rather people know about something then not at all.
Very true. All these altcoiners will disappear into the distance a year or two from now when their rank outsider has failed. Just like all the thousands of guys who got burned investing in startups that ended with dot.com in the 80's and who refused to accept the obvious dominance of one or two giants. It's as sad as it is inevitable.
Well, Internet Explorer was the thing back then, but now Microsoft rebranded it to Microsoft Edge, and begs you to use it. Now, tell me: is this strategy working? Everyone uses Chrome or Firefox now...
@@flaviovms bitcoin is an internet protocol though, like TCP/IP. Browsers are not internet protocols, so there is very little cost of switching. I don't believe browsers are relevant to the bitcoin discussion.
You should do a debate with Peter Schiff, he has a lot of valid honest points why bitcoin wouldnt work and you have a lot of points why it would work. Now that would be epic and interesting, please get in touch and make it happen Im constanly stuck between both of your arguments.
XQ Gaming go back and watch his debates against Eric Vorhees, Saif Ammous and Anthony Pompliano. He uses the same arguments that get proven wrong, but continues to repeat them.
I think you've perfectly discribed the facts. Now I see a lot of comments going crazy about that, like we have to go and sell all our altcoins right away before the world realizes this! I think some of the altcoins will still be worth in terms of transaction speed, fees and a "more practical" market value, like everyday cash, while bitcoin may end up being a reserve of value, like a commodity itself. It already is a value reference for all the cryptocurrencies, like it is USD for fiat currencies and commodities.
Beautiful mind. I ordered Mastering Bitcoin after watching just 3 of his lectures. It's arriving today. Can't find any new longer lectures of his on RUclips these days. Is recording such lectures anymore?
Ive listened to a lot if your lectures so keep them coming… I’ve learned a lot. One topic around Bitcoin that I have not heard your perspective on is Use cases and the need for Bitcoin to be at a critical mass (Value) to successfully handle a global economic system which does everything from smart contracts, multi billion real-estate transactions etc etc . Can bitcoin do all these things on a global scale at $10 per coin or does it need be valued at the level of economical scale as the use case ?
he has no idea of anything, just a usual bitcoin maximalist! Egretia just made this year a 100x gain or Chainlink went from 0.35USD to 4USD in just a few month.....
It's sheer luck and hype. The problem is that crypto has no measurable metrics. (No one buys BTC because of the software or "fork" or change in mining.) There is no product, profit, service - only the hope it will soar in price Tom Lee pointed out that the vast majority of BTC's annual rise occurs on 10 days/yr!! Take away those and it loses 25% / year. This is the hallmark get rich quick / go broke trying scheme. The tens of thousands of stories of folks who lost life savings by getting caught up in the hype and wish fulfillment is incredible sad.
@@smb123211 it's not luck, it can definitely play a role in anything in life. I see what you're saying about bitcoins annual rise and honestly I don't feel bad for people buying in on hype cycles and losing money. it just boggles my mind that people wait for price to go up really high and then they start buying. I see new people coming to the space and they will buy anything that is overvalued. Then you point out to them a project that is soaring on fundamentals but the price hasn't moved all that much in a while. instead people wait for Bitcoin to go up 300% and then they put more than they can afford to lose and they watch it goes sideways and lower for 7 months. Don't listen to RUclipsrs do your own research. In 2017 a RUclipsr talked me out of holding sia coin. So I sold my position and lost out on 300,000. And no one knew that magnificent bull run was about to start. If we want to be a logical the next peak isn't for another two or three years.
@@shawn195 As BTC continues to drop so will the YT "experts". You can only predict pie in the sky for so long. As for peaks, no one has a clue when (if) it will come, Apple investors waited 32 years to hit 50. I have seen no "fundamentals" . Folks buy not on fundamentals (underlying software / fork, etc) but hopes for higher price & emotion. My financial advisor said if these folks had put all the money lost on BTC into stocks or property they would have cleaned up.
@@smb123211 If you don't see that the fundamentals are influencing buyers or simply why bitcoin has value , i assume you're not understanding what it is. likely because it doesn't provide life changing technology for you right now. but many other people are utilizing it.
Well.. all the bitcoin maximalist marketing campaign says it will never work and is a waste of time and money... and it is in its own environment attempting to be a feeless currency and not as a store of value which is bitcoins environment now.. so.. according to andreas it will 10-100x. Hehe. Guess i better get some
Darnell he obviously referring to iota... i can tell like with 99% sure... but he thinks about iota JUST like others were thinking about btc when he was buying in 2012... right now he is doing the same mistake that ppl he laughing at did... guess who will be laughing in few years from now ;))) the thing about iota is, it will be either #1 or dead... therefore it is worth to invest imo...
How can a crypto that is limited to 5-8 Tx/sec can go global ? I turned to shitcoins since bitcoin stopped working properly for me in 2016-2017 when I couldn't pay my bills smoothly anymore because of unpredictable confirmation time & crazy fees. I yet have to admit that, as Andreas says, bitcoin is a great speculation vehicule and a unique store of value. But it is no more the p2p electronic cash system that Satoshi Nakamoto described in bitcoin.pdf.
@@johnbaird1694 the issue w/ LN is that you need to keep your node constantly online if you want to keep your money secured. So, as a custodial solution LN is no more a decentralized p2p system. I once hoped LN could save bitcoin but now I doubt it will. IMO a crypto must be on-chain, instant, almost free and scalable to succeed. Sadly bitcoin doesn't meet those requirements.
patazertyui Bitcoins core layer is for big transactions. Some whale transferred 400 million dollars worth of Bitcoin for 30 cents. It will always be a store of value, no matter what happens. A global digital store of value, will be worth more then any other crypto. The lightning network will become easier to use and not to mention other second and third layers on top.
Really good presentation. As always thank you a lot! I'm just not agreeing with the argument that you cannot supplement bitcoin unless it fails from inside. I rather take a rule from the startup sector. When some digital gold is 10x better than bitcoin than it will be supplemented without the need of bitcoin to fail from the inside. So a tiny improvement is not enough but when the improvement is massive it will get replaced.
2012 I couldn't find anyone who knew how to get hold of Bitcoin. 2019 I only just found out to get Bitcoin. I'm in for the long hall. Not selling for 10 years. It's my savings account.
Very harsh for hopeful investors but enlightening. The technology of bitcoin or the freedom of financial will keep on existing for as long the people keeps losing trust on the government, for as long as they keep on failing in serving the people.
This should be mandatory viewing for those who say that Bitcoin is analogous to MySpace and that inevitably there will be the crypto equivalent of Facebook to replace it.
That never would of occurred to me, and I just tried it. 100% comprehension and twice the engagement. Thank you Unknown Owl, I will be using this going forward.
You're right. Bitcoin, the peer to peer electronic Cash system is the next bitcoin. Bitcoin (btc) is now a store of value not meant to be used as cash.
34:04 Wow, he may not have intended to do so and all the haters will deny it, but Andreas is actually describing (the history) of Bitcoin Cash (BCH) right there. They made it more scalable, when it was not, and called it Bitcoin (Cash). - Now they are hated for exactly that move by BTC maximalists (which Andreas seems to be). I think both coins are fine and have their use case. Especially since maximalists have agreed that BTC is "digital gold", there needs to be digital money as well.
Why have a separate coin for spending and saving, when you can instead have a strong settlement layer (Bitcoin) and a payment protocol layered on top of it (Bitcoin lightning network)?
In biology, there is also such a principle of symbiotic (beneficial) relationships between various processes and livings organisms. Litecoin started shortly after Bitcoin, a few years later when Bitcoin was still young and thus it developed together in symbiosis with it. As such, Litecoin became a critical living "test net" for new features before they are implemented into Bitcoin, e.g. Segwit (and Confidential Transactions soon). It is also a "overflow" network for when Bitcoin is overloaded with transactions and thus too slow. Litecoin is also a formidable diversification and/or hedge to Bitcoin in the unlikely event Bitcoin fails from within as Andreas mentioned. Further, Litecoin is one of a handful of coins that are truly decentralized POW coins that has 100% uptime for it's entire existence, yet doesn't compete with Bitcoin for Hash rate as it uses a different hash algorithm.
I keep hearing people talk about bitcoin that its going to go up big. But when it was 20k I had a lot of none investors tell me to buy crypto. That scared me as they always say when the shoeshine boy tells you to buy to get out. So have we not gone past the stealth stage?
You and hundreds of thousands of other. It's what happens when folks are guided by hype, emotion, marketing and wish fulfillment. It is just so sad to hear someone say, "I just know BTC will be $20,000K by Dec so I invested every lasts dime I have." Any manager will tell you that diversification is the key.
Can you explain "seedless setup" I see this on casa's website and other wallet websites nowadays about not using paper backups and going "seedless". How is this achieved? Is it safe and trustworthy? Do you give up any privacy?
i got out of the military in 2009, i threw my post-recession savings into blue chips. Sure, i turned a profit. How i manage to completely miss bitcoin is baffling, i litereally have no idea how i missed it.
i hit it and i thank god every day for taking the risk. dont worry too much put your money in now DCA it will still go massive i expect 10 x minimum from now in 10 years
Very nice talk! Loved it. Now will like to add some facts as an evolutionary ecologist, and if I'm allowed, draw some conclusions from it too :) The argument that the first colonizer of a virgin niche will remain doesn't hold; that's not really how biology works, as evolution is an optimization algorithm that will keep trying to further optimize the use of resources . When a single species can colonize a huge niche, it will subdivide that niche into sub-niches that can be tackled by "single family of rabits" that after many generations, will end up diferentiating into new races or new species. The process is named "adaptive radiation", first described by Darwin himself on the Galapagos. We should totally expect always to find many other cryptocurrencies being extremely sucessful in sub-niches and further splitting apart the crypto environment (because it is a very large environment!). Bitcoin has a huge disadvantage though; it really can't evolve at the speed of other species (but hey, probably it doesn't need to, it can become "the crocodyle" of cryptos!). Thanks again for your fantastic work!
What about all that wasted energy during the PoW consensus? Also, considering how high the hash rate is, who exactly is profitably mining all this BTC now? I worry that it is not as decentralized as HODLers would like to believe....Does this guy have videos addressing these core weaknesses of BTC? The suggestion that whatever challenges to BTC will simply choose to market themselves as BTC is probably his most convincing premise.
I greatly appreciate Andreas but I guess he misses some training in History of technologies. If what he says was true we would yet be traveling across the Atlantic ocean on sailing ships, not even steamers. Anteriority, knowledge, success or leadership can slow technological evolutions for some times but cannot block them in the long run. Nevertheless I admit that Andreas is somewhere right considering that a new technological lineage often retains the name of the original technology. We are still using ''liners'' to go overseas. Yet beyond the naming survival what does remain from those great transoceanic liners technology in today's airliners? IMO the real innovation brought by the first ships sailing over the ocean is the discovery of the new world. That's exactly what bitcoin has done, and that's why even after its mission has been accomplished its name will remain, but far more efficient, fast and scalable on-chain technologies will probably be used. The future will tell.
Gold is a metal. It has a 8 trillion dollar market cap. Slower to transact, slower to verify, slower to transport and so many other weakness, but yet it’s the king of store of value.
Do note. Andreas gives a coherent narrative without notes - a man who not only knows his subject, but knows it inside, upside, out. When Ted Talks?
Screw Ted talks
TED is too centralized. 😆
I have learned more about the properties of money and how money works solely because my profound fascination with Bitcoin! Thank you Bitcoin! and Thank you Andreas!
So true.
I as well.... let's see if i can recall ...- store of value .... - transportable....#3 .. ??? am i correct on properties of money? thanks
@@Imisambi fungible, divisible.
@@codymiller8505 ??? please expound..thank you
@@codymiller8505 Think i got...Thanks for the Response!
One of the smartest guys in the space.
18 min in and hes barely said anything of note...hes interested in the tech...he does not seem like a good investor...expected much more given the hype around him
@@RichardBoase BSV is a shitcoin
"next Bitcoin" is BTC Vault / the "next Ethereum" is DRK which will be xxx in the future
In my opinion: Absolutely the best person you can have, as some kind of truth orcale, when seeking knowledge on the matter of Bitcoin; the work he has been doing on spreading that knowledge out to masses of people is in my eyes unmatched.
If not THE smartest.😎
Andreas is the next Andreas! Wow what a talk! 🔥🙌
i'm listening this speech every year regularly, thanks Andreas
you will be remembered as greatest philosopher and bitcoin saint in future cryptography decentralised and free world
"next Bitcoin" is BTC Vault / the "next Ethereum" is DRK which will be xxx in the future
Andreas is one of the best orator I know. Captivating, clever and funny. Without a doubt...."Andreas Antonopoulos IS the the next ANDREAS ANTONOPOULOS!
2024 And this video couldn't be more relevant! Thanks Andreas your a true O.G. Hope you get the subscribers this cycle
What Andreas is talking about applies to all aspects of life.
When you involve yourself in something purely for a particular outcome instead of being driven by your love and passion...
IT ALWAYS WILL GO WRONG.
Informative and inspiring as always. Thank you Andreas, for your service to our community!
Most amazing video on bitcoin I have ever seen thank you so much Andreas
That story about time to sell is true! At late 2017 I heard the cashiers at my favorite supermarket talking about bitcoin and I thought by myself, "now, I should sell", because I remembered that stock market stories that if everybody is talking about you should sell. But I did not sell! And you all know what happened! ;(
Yep. Same for dotcom crash, when the janitor has a hot stock tip. Time to sell.
Fiat is evil while BTC is good. Choose your side.
Well you could've sold and bought in lower. But regardless if you held you'd be doing even better today.
@@ryed8118 Yes, I held ;)
@@silber7010 excellent!
This kind of presentation clear so many people's mind about bitcoin future.
I see this as paying for my education, thank you.
Thank you very much!
You say bitcoin at a party and everyone wants to find someone else to talk to.
Yep, nobody gonna accept this in the next 100 years.
until the tip of the mania phase. when it revereses.
everyone talking about bitcoin...
except the people who you told to buy at $4k.
The one's that said "how's that bitcoin thing doing lately?"
...the week of a 50% drop
@@scottyboy-ef2ud exactly - people only wanna talk about it when they think they can use you to get 'free money'.
L L say any other altcoin and there wouldn’t be a reaction. Because no one else knows about them. I would rather people know about something then not at all.
funny thing is that the person who eventually get rich will never talk to his old friends who ignored him.
I can listen to this dude talk all day.
Priceless information. Thank you for all that you do.
As expected looking at these comments, altcoiners are salty when someone tells the truth. BITCOIN is the STANDARD.
How many Bitcoin is that worth🧐😝😉
Very true. All these altcoiners will disappear into the distance a year or two from now when their rank outsider has failed. Just like all the thousands of guys who got burned investing in startups that ended with dot.com in the 80's and who refused to accept the obvious dominance of one or two giants.
It's as sad as it is inevitable.
Well, Internet Explorer was the thing back then, but now Microsoft rebranded it to Microsoft Edge, and begs you to use it. Now, tell me: is this strategy working? Everyone uses Chrome or Firefox now...
@@flaviovms bitcoin is an internet protocol though, like TCP/IP. Browsers are not internet protocols, so there is very little cost of switching. I don't believe browsers are relevant to the bitcoin discussion.
@@plasticman2011 what if bitcoin is just FTP? I sometimes used it in the past to download files... it was a pain to find and download those files.
You should do a debate with Peter Schiff, he has a lot of valid honest points why bitcoin wouldnt work and you have a lot of points why it would work. Now that would be epic and interesting, please get in touch and make it happen Im constanly stuck between both of your arguments.
Same!
I would pay good money to see a debate between those two.
Peters schiffs arguments against are stale and old. They have no substance. Shouting “Bitcoin has no value” is not even worth Andreas’s time.
@@johnbaird1694 which arguments are you reffering to?
XQ Gaming go back and watch his debates against Eric Vorhees, Saif Ammous and Anthony Pompliano. He uses the same arguments that get proven wrong, but continues to repeat them.
I feel like people forget Andres is not a trader, he's into the science
@willy wonka dev
@willy wonka From the Bitcoin academy ? U seem a bit slow.
@@RichardBoase yes BSV is the real bitcoin, Craig Wright is satoshi, and the Earth is Flat!
Richard Boase Sure pal... sure...
Thanks so much Andreas for such a valuable information , always looking for your videos to educate myself in the crypto space.
I really like the Greek intro Satoshi Nakamotopoulos . Epharisto
would u pls translate it?
I'd like a translation as well :)
I think you've perfectly discribed the facts. Now I see a lot of comments going crazy about that, like we have to go and sell all our altcoins right away before the world realizes this! I think some of the altcoins will still be worth in terms of transaction speed, fees and a "more practical" market value, like everyday cash, while bitcoin may end up being a reserve of value, like a commodity itself. It already is a value reference for all the cryptocurrencies, like it is USD for fiat currencies and commodities.
This is a great video about the human nature and physiology of why Bitcoin and Ethereum are so dominant today.
You always blow my mind and make me think andreas, you're amazing!
that was a great one. I started to get bored from the last talks, cause it felt i have heard it all before, but this one is .... wow, thanks
that was such a brilliant 30 minute presentation. pretty funny too!
Beautiful mind. I ordered Mastering Bitcoin after watching just 3 of his lectures. It's arriving today. Can't find any new longer lectures of his on RUclips these days. Is recording such lectures anymore?
ok but...is it a good time to buy? :)
What's your channel about?
TripsCommunity what’s your time preference ? Do you have more fiat than you need ? Yes just about always yes . Look at the Mayer multiple
Ive listened to a lot if your lectures so keep them coming… I’ve learned a lot.
One topic around Bitcoin that I have not heard your perspective on is Use cases and the need for Bitcoin to be at a critical mass (Value) to successfully handle a global economic system which does everything from smart contracts, multi billion real-estate transactions etc etc . Can bitcoin do all these things on a global scale at $10 per coin or does it need be valued at the level of economical scale as the use case ?
Keep on spreading that knowledge! And we will keep attention to it.
The talk I should have listened to before going all in on IOTA. I'm wiser now, TRON only. /s
😂😂😂
there is no second best!
20:56 listen here and think about it, vision this.
The only node in crypto, the only stake in crypto. Antonop!!! to the top
Thank you Andreas for continuing to educate us.
there will be many 10x to 100x probably still 1000x we just gotta wait for the dogpile to start. have patience guys 2 to 3 years.
he has no idea of anything, just a usual bitcoin maximalist! Egretia just made this year a 100x gain or Chainlink went from 0.35USD to 4USD in just a few month.....
It's sheer luck and hype. The problem is that crypto has no measurable metrics. (No one buys BTC because of the software or "fork" or change in mining.) There is no product, profit, service - only the hope it will soar in price Tom Lee pointed out that the vast majority of BTC's annual rise occurs on 10 days/yr!! Take away those and it loses 25% / year. This is the hallmark get rich quick / go broke trying scheme. The tens of thousands of stories of folks who lost life savings by getting caught up in the hype and wish fulfillment is incredible sad.
@@smb123211 it's not luck, it can definitely play a role in anything in life. I see what you're saying about bitcoins annual rise and honestly I don't feel bad for people buying in on hype cycles and losing money. it just boggles my mind that people wait for price to go up really high and then they start buying.
I see new people coming to the space and they will buy anything that is overvalued. Then you point out to them a project that is soaring on fundamentals but the price hasn't moved all that much in a while. instead people wait for Bitcoin to go up 300% and then they put more than they can afford to lose and they watch it goes sideways and lower for 7 months.
Don't listen to RUclipsrs do your own research. In 2017 a RUclipsr talked me out of holding sia coin. So I sold my position and lost out on 300,000. And no one knew that magnificent bull run was about to start.
If we want to be a logical the next peak isn't for another two or three years.
@@shawn195 As BTC continues to drop so will the YT "experts". You can only predict pie in the sky for so long. As for peaks, no one has a clue when (if) it will come, Apple investors waited 32 years to hit 50. I have seen no "fundamentals" . Folks buy not on fundamentals (underlying software / fork, etc) but hopes for higher price & emotion.
My financial advisor said if these folks had put all the money lost on BTC into stocks or property they would have cleaned up.
@@smb123211 If you don't see that the fundamentals are influencing buyers or simply why bitcoin has value , i assume you're not understanding what it is. likely because it doesn't provide life changing technology for you right now. but many other people are utilizing it.
That was an amazing talk. Very insightful
This is still great, thanks Andreas!
I'm so happy that my Greek is good enough to understand what he was saying in the intro. It was funny too
its called "the network effect" - check it out on wikipedia
Andreas you are amazing. we trust your knowledge. 👍
Hi Andreas, can you make a video on “next Ethereum is next Ethereum”. Thanks
I have been buying high and selling when i need fiat so many times...
@@dobispr5861 thanks for help guys, we need people like you
@james drake 100% agree - don't sell if position is at a loss...hold.
Look for that dip
@14:40 As an IOTA investor I feel personally attacked 😂
Great talk as always Andreas!
Keep trying ;)
Well.. all the bitcoin maximalist marketing campaign says it will never work and is a waste of time and money... and it is in its own environment attempting to be a feeless currency and not as a store of value which is bitcoins environment now.. so.. according to andreas it will 10-100x. Hehe. Guess i better get some
Rekt
Darnell he obviously referring to iota... i can tell like with 99% sure... but he thinks about iota JUST like others were thinking about btc when he was buying in 2012... right now he is doing the same mistake that ppl he laughing at did... guess who will be laughing in few years from now ;))) the thing about iota is, it will be either #1 or dead... therefore it is worth to invest imo...
Chew on this for a min. “Non Government, borderless money in a pure digital form that can spread globally, cannot be censored or stopped.”
How can a crypto that is limited to 5-8 Tx/sec can go global ? I turned to shitcoins since bitcoin stopped working properly for me in 2016-2017 when I couldn't pay my bills smoothly anymore because of unpredictable confirmation time & crazy fees. I yet have to admit that, as Andreas says, bitcoin is a great speculation vehicule and a unique store of value. But it is no more the p2p electronic cash system that Satoshi Nakamoto described in bitcoin.pdf.
patazertyui Bitcoin is and will continue to scale. Lightning network will improve and become easy to use in time.
@@patazertyui Check out BSV ;)
@@johnbaird1694 the issue w/ LN is that you need to keep your node constantly online if you want to keep your money secured. So, as a custodial solution LN is no more a decentralized p2p system. I once hoped LN could save bitcoin but now I doubt it will. IMO a crypto must be on-chain, instant, almost free and scalable to succeed. Sadly bitcoin doesn't meet those requirements.
patazertyui Bitcoins core layer is for big transactions. Some whale transferred 400 million dollars worth of Bitcoin for 30 cents. It will always be a store of value, no matter what happens. A global digital store of value, will be worth more then any other crypto. The lightning network will become easier to use and not to mention other second and third layers on top.
Andreas: Bitcoin is the next Bitcoin
Comments: But what about Ethereum? What about cbdc's? What about Tether?
Did you guys even watch the video?? 🤔
Really good presentation. As always thank you a lot!
I'm just not agreeing with the argument that you cannot supplement bitcoin unless it fails from inside.
I rather take a rule from the startup sector. When some digital gold is 10x better than bitcoin than it will be supplemented without the need of bitcoin to fail from the inside.
So a tiny improvement is not enough but when the improvement is massive it will get replaced.
Cannabis stocks could be the next bitcoin, lol. Nice presentation Andreas.
A bit late to the party, eh ?
@@PassFissn It is only starting!
One of the best in 2019
so lucky to share your meet up video Ανδρέας!!!!
“In three years it will be $150,000.”
Jan 2021, 1 BTC = 50,000 USD . We are a third way there. Let’s see if this pans out.
2012 I couldn't find anyone who knew how to get hold of Bitcoin.
2019 I only just found out to get Bitcoin.
I'm in for the long hall.
Not selling for 10 years.
It's my savings account.
The rabbit analogy really nailed it for me.
Very harsh for hopeful investors but enlightening. The technology of bitcoin or the freedom of financial will keep on existing for as long the people keeps losing trust on the government, for as long as they keep on failing in serving the people.
For a guy who is not into BTC investment he sure knows how to detect market extreme signs commonly looked by capital market traders
Straight Talk you never disappoint thanks again
Long live the Blockchain and may the Bitcoin be with you.
This should be mandatory viewing for those who say that Bitcoin is analogous to MySpace and that inevitably there will be the crypto equivalent of Facebook to replace it.
Bingo
I want Andreas to deep dive SAITO. Just a few days dedicated to understanding it and giving a verdict. Id pay money for this
The only youtuber i watch at 2x speed and still understand.
Dude thank you this is a pro tip!
@@dukedirtywork620 I got you bro 👊🏽😎
That never would of occurred to me, and I just tried it. 100% comprehension and twice the engagement. Thank you Unknown Owl, I will be using this going forward.
@@henrygberg anytime friend
Don't forget to capitalize the word "I".
Excellent as always Andreas!!!
You're right. Bitcoin, the peer to peer electronic Cash system is the next bitcoin. Bitcoin (btc) is now a store of value not meant to be used as cash.
Maximalist AA is back, wohooo
To sum it up.....BTC is 👑
What is the better option for tokenized shares? ETH/ERC20, TREX, STELLAR...?
DigiByte
34:04 Wow, he may not have intended to do so and all the haters will deny it, but Andreas is actually describing (the history) of Bitcoin Cash (BCH) right there.
They made it more scalable, when it was not, and called it Bitcoin (Cash). - Now they are hated for exactly that move by BTC maximalists (which Andreas seems to be).
I think both coins are fine and have their use case. Especially since maximalists have agreed that BTC is "digital gold", there needs to be digital money as well.
Why have a separate coin for spending and saving, when you can instead have a strong settlement layer (Bitcoin) and a payment protocol layered on top of it (Bitcoin lightning network)?
Andreas, nice touch with the Greek. Always enjoy listening to you. Their is always something to learn. Yia sou
When I hear you Andreas, do I feel that I hear Satoshi Nakamoto speak ;)
I don't think he is Satoshi, but he knows what he's talking about. Everything about evolution of Technology, economy,... ⚡
@@Austin152-S lmfao I pray you're joking, otherwise, PLEASE tell me what that fool said to make you believe him 😆
In biology, there is also such a principle of symbiotic (beneficial) relationships between various processes and livings organisms. Litecoin started shortly after Bitcoin, a few years later when Bitcoin was still young and thus it developed together in symbiosis with it.
As such, Litecoin became a critical living "test net" for new features before they are implemented into Bitcoin, e.g. Segwit (and Confidential Transactions soon). It is also a "overflow" network for when Bitcoin is overloaded with transactions and thus too slow. Litecoin is also a formidable diversification and/or hedge to Bitcoin in the unlikely event Bitcoin fails from within as Andreas mentioned.
Further, Litecoin is one of a handful of coins that are truly decentralized POW coins that has 100% uptime for it's entire existence, yet doesn't compete with Bitcoin for Hash rate as it uses a different hash algorithm.
that is the question to be asking and really no one better to ask
Well done Sir Andreas!
I keep hearing people talk about bitcoin that its going to go up big. But when it was 20k I had a lot of none investors tell me to buy crypto. That scared me as they always say when the shoeshine boy tells you to buy to get out. So have we not gone past the stealth stage?
Excellent as usual.
Absolutely brilliant !
"...even if Bitcoin fails, the knowledge and education you get from bitcoin doesn't go away. Right?" Yeah, right!
I was searching for internet money in 2006 and was some weird Emoney which put me off till I’ve heard of btc in 2016 but bought in 2017 on top 😂.
You and hundreds of thousands of other. It's what happens when folks are guided by hype, emotion, marketing and wish fulfillment. It is just so sad to hear someone say, "I just know BTC will be $20,000K by Dec so I invested every lasts dime I have." Any manager will tell you that diversification is the key.
Simply great.
The talk about bump and dump shall save tons of money for the audiences.
Touched by genius.. Andreas you are a mother fucking king!
Can you explain "seedless setup" I see this on casa's website and other wallet websites nowadays about not using paper backups and going "seedless". How is this achieved? Is it safe and trustworthy? Do you give up any privacy?
i got out of the military in 2009, i threw my post-recession savings into blue chips. Sure, i turned a profit. How i manage to completely miss bitcoin is baffling, i litereally have no idea how i missed it.
i hit it and i thank god every day for taking the risk. dont worry too much put your money in now DCA it will still go massive i expect 10 x minimum from now in 10 years
@@paulinthailand i think so, a 5 digit BTC in 2020 is probably all but guaranteed, i'm saying 30k by end 2020.
Same here, I got out of the US Marine Corps in 2009, right as we returned from Iraq. I had deployment money and didn't get into it until years later.
Couldn't find anyone who knew anything about it.
don't feel too bad...not many ppl saw it
Best time to buy BTC is all the time then HODL and you never have the panic sell low issue.
Very nice talk! Loved it. Now will like to add some facts as an evolutionary ecologist, and if I'm allowed, draw some conclusions from it too :)
The argument that the first colonizer of a virgin niche will remain doesn't hold; that's not really how biology works, as evolution is an optimization algorithm that will keep trying to further optimize the use of resources . When a single species can colonize a huge niche, it will subdivide that niche into sub-niches that can be tackled by "single family of rabits" that after many generations, will end up diferentiating into new races or new species. The process is named "adaptive radiation", first described by Darwin himself on the Galapagos. We should totally expect always to find many other cryptocurrencies being extremely sucessful in sub-niches and further splitting apart the crypto environment (because it is a very large environment!). Bitcoin has a huge disadvantage though; it really can't evolve at the speed of other species (but hey, probably it doesn't need to, it can become "the crocodyle" of cryptos!). Thanks again for your fantastic work!
It's gonna fuck all day until there's lots of rabbits...almost made me shoot soda out my nose. 😂😂😂..the crowd didn't get it...lol
Dropping truth bombs without a teleprompter.
Miss you Andreas. Do come back to RUclips.
The greatest take away from this talk, is that bitcoin was able to developed and gain strength before the hackers and fudsters caught on to it.
Bitcoin fixes us
cool
XRP does look it up thank me later
@@noahsark21st.centurycranda31 rekt
Great video/talk.Very interesting.
Andreas is the new Bitcoin Jesus
What about all that wasted energy during the PoW consensus? Also, considering how high the hash rate is, who exactly is profitably mining all this BTC now? I worry that it is not as decentralized as HODLers would like to believe....Does this guy have videos addressing these core weaknesses of BTC?
The suggestion that whatever challenges to BTC will simply choose to market themselves as BTC is probably his most convincing premise.
He has plenty of videos on the weaknesses, multiple talks around it and a lot of the Q&A...
I ask the cashier at the local store if he's ever heard of bitcoin and he responded with: "heard of what?"
Hahahaha! Good point. But for sake of argument, my colleague back in the mid 90's said he'd never buy anything off the internet. ;)
Getting Rekt 😂
Professor Senn I ask random people too. Out of 10 people 2 heard of it and 1 holds bitcoin. That person was my appliance repair guy 👍🏻
Excellent man , συγχαρητήρια!
So if I understand correctly, buying bitcoin, you are not only investing in a currency but also a recipe for currency?
Not everyone can tune in to the video at 12PM EST due to differences in timezones. Otherwise, I'm interested in this discussion.
And 12AM isn't too convenient for me.
@@ethanjames6367 Timezones mate
12am and 12pm are both midnight. Which one of you means midday ?
Andreas, what do you think about Bitcoin SV? ;-)
SVhitcoin
I dont understand but know it always great!
I greatly appreciate Andreas but I guess he misses some training in History of technologies. If what he says was true we would yet be traveling across the Atlantic ocean on sailing ships, not even steamers. Anteriority, knowledge, success or leadership can slow technological evolutions for some times but cannot block them in the long run. Nevertheless I admit that Andreas is somewhere right considering that a new technological lineage often retains the name of the original technology. We are still using ''liners'' to go overseas. Yet beyond the naming survival what does remain from those great transoceanic liners technology in today's airliners? IMO the real innovation brought by the first ships sailing over the ocean is the discovery of the new world. That's exactly what bitcoin has done, and that's why even after its mission has been accomplished its name will remain, but far more efficient, fast and scalable on-chain technologies will probably be used. The future will tell.
I agree, will be interesting to see if off-chain or 2nd layer develops more rapidly than a newer version of bitcoin itself.
Bitcoin= Phone modem, ............. XRP= ADSL, ......then something next....
Gold is a metal. It has a 8 trillion dollar market cap. Slower to transact, slower to verify, slower to transport and so many other weakness, but yet it’s the king of store of value.
@@lreeher What is the purpose of your comment ? it seems irrelevant to me but I hope I'm wrong, can you be more specific ?
Agree 100% Your analogy is far more pertinent than rabbits.
Lightning is the next Ethereum 😉
San Andreas 👌