Currency Crisis Imminent?

[@blairroland2954]

Gold is wealth preservation, not a speculative instrument like btc.

[@KevinYau-v7i]

@blairroland2954 DUH. It obvious ain't it. Maybe silver too?

[@iBe1uk]

How about XRP which has real utility

[@johnpettigrew83]

@@KevinYau-v7i There is the major industrial element to silver, so maybe not in that sense anymore. Perhaps with the increase demand for its electirical delivery properties, it will become even more valuable. The irony is that silver will be required to produce Bitcoin.

[@wrongthink1212]

@ Utility and monetary value are different things...

[@jceezee1084]

Gold hasn't kept with inflation, bud.

[@dfc803]

Everyone's a genius when BTC price goes up, same as the tulip buyers.

[@CoachDrewK]

@@dfc803 you should go find the true purpose for why tulip were so in demand. Interesting story.

[@wrongthink1212]

Tulip mania lasted like a couple of years max.... and no-one thought Tulips could be 'money', it was just a frenzy in collectables for a brief time in a certain location, there is really nothing in common .... I don't know when you guys are gonna stop making the comparison to 'tulips' , 10, 20, 50 years ? It's just silly at this point.

[@nubbles162]

@@wrongthink1212 400 years later tulips are still selling.

[@michaellamont2605]

@@dfc803 tulips 🌷 Comparison to BTC is so funny 😁 Reminds me of the time my communist financial advisor dad said "These mobiles 📱 Will Never take off" 😆 🤣 😂 Ok 👍 buddy, good luck with that

[@wilsonsy5237]

Claiming Bitcoin transacts at almost zero cost? Your cup of coffee would double if you really transact with Bitcoin and it would take at least 10 minutes to settle. Most merchants have stopped accepting Bitcoin. Otherwise, you are not dealing with Bitcoin, but a third party in a second layer on top of Bitcoin. Ignorance is bliss.

[@jamesdownes5220]

Yes, it is misleading to say that Bitcoin transactions are zero cost. There is a cost and also a time to finality of between 10mins to 2hrs depending on how busy the network is. However, this is final settlement so you can’t compare it to electronic bank transfers that take days to settle. Also, the transaction cost is based on data size not value - you can’t compare sending a billion dollars across the world for a few bucks to the current banking system.

[@esioanniannaho5939]

Click Bait title. Should have had BTC included in the Title.

[@pottypigeon]

Agreed

[@MarcusRowan-f1v]

Opinions on bitcoin are like bums … the only true answer is that nobody can tell you. I have it and gold cause I know it has loads more upside potential than gold whilst at the same time being more confident that my gold will still exist.

[@csfetsos7]

XRP is the chosen one

[@Rusty57.3]

How’s that Bitcoin going to fare when the internet goes down?

[@MrDamon888]

If internet goes down so will civilization. Only hard currency will be is ammo.

[@josephjames259]

@@Rusty57.3 The internet isn’t going down.

[@jceezee1084]

If the internet goes down for an extended period of time, so, a period of time long enough that it would impact BTC, I promise you that your shiny rocks will also be worthless. No one is going to take them from you in exchange for anything.

[@sunnyandbreezy]

@@josephjames259 Are you saying that there is no way that it can’t go down?

[@DanTan_81]

These days when I hear the words "the beauty of it is..", in relation to selling or promoting something, especially regarding crypto, it just puts me off even more. Bitcoin doesn't make sense to me, obviously because how could major institutions and countries accept a bit of digital technology that was made by an anonymous, mysterious creator. Looks to me it was created by a government in order to keep track of people's finances.

[@jceezee1084]

Any? So, if it was? It literally doesn't change the case for investing into it. In fact, it probably makes the case for getting some more compelling.

[@andrew69novak]

Bitcoin today is far far from fast or cheap. I have had a transfer take 9+ hours and I have had a transfer cost 120% of BTC sent. I don't like the proliferation of junk coins especially centralized ones but bitcoin failed to scale (those block size wars you spoke of) and now it is obviously unacceptable.

[@davegubbins4428]

very broadly speaking, in the 'west' the public are saturated with debt. So, there's very limited capacity for them to take on more. THAT'S a major problem.

[@NEW_WORLD70]

Its very good he bought BTC at 600.00 and wishes to promote it - would he buy BTC at 100.000.00 is the question?

[@justindressler5992]

When you buy bitcoin ETF does it go inyour wallet. No because it is a derivative its paper bitcoin you don't own it. You only own i coupon to its value. But if the company selling the ETF go broke you loose everything.

[@NaomiRebel]

Who's got Bitcoin when the power goes down?

[@jceezee1084]

The same people that had it prior to the power going down.

[@NaomiRebel]

@@jceezee1084 So intrinsically nothing then.

[@jceezee1084]

@NaomiRebel That makes no sense. Your question was "Who's got bitcoin when the power goes down?" You're regarded, aren't you?

[@bayleybomber]

Must pause the video to read comments

[@flowersgrow7850]

I did that before I read your post - LoL

[@lokisigmatron6536]

Clickbait title for BTC commercial

[@davegubbins4428]

blackrock is selling a BTC ETF to public investors...it's not blackrock's bitcoin.

[@specialist-in-tech]

The knowledge of gold is superficial here and also the limited knowledge of issues with Bitcoin. Bitcoin for example is super expensive to maintain due to massive energy consumption, which continues to increase exponentially. More power used than some entire countries.

[@jceezee1084]

How much power does extracting, processing and selling shiny rocks take?

[@specialist-in-tech]

@ $17/ ounce for silver, depending on mine. Not even close Bitcoin energy consumption and costs that are ongoing every second, and increase per transaction, per coin, and per node.

[@samthasham]

Great chat and I really jive with Ryan’s world view. I’m HODLing!

[@Sec_coach]

They don’t know the future They make it That the difference the good trader look at charts the godly trader make the charts reality

[@specialist-in-tech]

Bitcoin is down to $90k here, and could drop down to $40k at any time. Very volatile. Not a good store of value. Really just a very speculative gamble.

[@airforcefan3216]

Need more updates like these with Ryan

[@anthonyattard6726]

Look up the definition of money vs currency, don't look at Googles definition, it has been changed.

[@cyclometre]

Bitcoin always reminds me of the 'KING HAS NO CLOATHS'. It is a purely speculative instrument which depends on people having faith in the mystical.

[@jceezee1084]

Your comment and spelling ability reminds me that some people's opinions aren't worth anything.

[@IB4U2Cme]

Buy and hold may be good for insurance but the government told people for 41 years they could not see gold. Government can change the rules on gold or bitcoin. So holding can be risky.

[@impermanenthuman8427]

Good to see ‘the fourth turning’ on the shelf 👍🏻

[@nonjaninja4904]

Bitcoin is a digit on a screen. Gold is real, physical, time-proven. Bitcoin is tied to Tether as well.

[@jceezee1084]

LOL, the Tether BS comes out again. Every four years "The Tether sky is falling!!!".... and BTC makes new highs.

[@csfetsos7]

BTC is controlled via the spot ETFs

[@jceezee1084]

How?

[@william1863]

I believe it's decentralized because it's not worth anything. I believe it is a scam. Digits on a screen fellows unless someone can change my mind and also it is illegal if used as money and try it because it will be taxed a lot and also because it is tied to the dollar and if the dollar goes down so does Bitcoin, now block chain is a different thing along with XRP. Just saying my thoughts.

[@jceezee1084]

So, you have no actual idea how it works. Thanks for confirming.

[@william1863]

@@jceezee1084 How about reading our CONSTITUTION? Your an AMERICAN right? It states that: You shall have nothing but Silver and Gold Coinage as Money. Ok so they used the dollar but it was supposed to be backed by the Silver and Gold and they like you being for them blew it!!! Case in point young fellow your not smarter than I though I should have said nothing but I am a caring person God knows. Cheers

[@paulwise6856]

Government had their chances, no more gold for them,no more anything for them

[@autonestegg4195]

Microstrategy as of December 31st holds 446,400 Bitcoin! My understanding is over the years roughly 7 million Bitcoin have been lost and there is 1 million Bitcoin roughly in the Satoshi wallet... so microstrategy owns probably close to 4%

[@EarlPeters-ue6lz]

I still can't get a pack of smokes at my local store with bit coin

[@jceezee1084]

You can't get it with your shiny rocks either, bud.

[@chrischong6211]

Money system is fundamentally based on integrity. The present system is too opaque and controlled at one point ie in the USA. How can you have a money system when one party can print unlimited amount of money and the others have to keep them as reserves. Cryptos are too opaque and volatile to be money. Money must be real and something you can hold in your hands.

[@Hunni-k3y]

A whole 5 min 50 sec of talk about Buttcoin when headline of video is supposed to be about Blackrock. I now click "do not recommend channel". I don't know why it was even recommended to me.

[@malleus.maleficarum.24]

The fact you cannot spend btc easily after 15 years of existence should tell you a lot. It seems highly correlated to QE cycles. If BTC still exists after the coming crash, I'll believe.

[@davidfielding5404]

Went from high 27k to 3k then 70k to 7k now 100k to?? Is it just fools gold or is it just a number on a computer.

[@Theo-dj7vs]

@ 4:24 he states that they did NOT change protocal in 2017. 💯 He is INCORRECT

[@marktn9851]

Gold will rise and those with plenty of gold(not the west) will prosperous, unless, rate rises much more than inflation to be worth holding cash again. That’s why supply chain is disrupted, tariffs imposed, etc, to inflate prices then rate hikes.

[@thehillsidehomestead6568]

Change the title to “a case for btc”…..

[@davegubbins4428]

if in doubt, follow the rich.

[@mountainman9145]

The impending bitcoin reserve will be valued by which countries outside of the USA? Perhaps El Salvador. Currently most central banks are buying gold not bitcoin. There are more snake oil sellers now than ever before in human history - beware!!

[@crazyham]

I think a new chip development will break bitcoins encryption and make it worthless at some point.

[@danielexactlycorrectrobert5233]

Thanks for the info Fat Prophet research

[@ELIOSANFELIU]

Maybe¡¡Why don't guys??

[@DavidBourque-i3b]

Gold is the base it has value bit fiat all commerce is based on gold or slavery

[@edithdriver2094]

Australian dollar just fell to a five year low. Bitcoin ? Just off it’s all time high. 🤔

[@rodmunch1012]

Gold is all time high too.

[@Chriscrash1985]

And the government is surpressing the real price of everything by atleast 20 fold

[@ronits6361]

btc u shut the network u cant sell if the buyer doesnt accept it...its a western world thing

[@cjswa6473]

Sent 1 sch.. Bitcoin and the fee could exceed $80

[@RichardKut-j7m]

Bitcoin is a good speculation instrument, It does have a negative sum gain. Who wins?

[@robertj.b2494]

Bitcoin is not for speculators its for savers and people who want to protect against currency fluctuations

[@davegubbins4428]

and inflation aka: currency devaluation.

[@dsflat6785]

'Skate where the Puck is going' 👉 Bitcoin Cash

[@prs26]

One EMP will fry your Bitcoin

[@davegubbins4428]

it's global, so, if the EMP is that large everything will fry.

[@jamesdownes5220]

@@prs26 the Bitcoin network is global and consists of thousands of nodes. Each node contains the entire blockchain history. Therefore, the network could easily be rebuilt.

[@rodmunch1012]

faraday bag.

[@jeffhogueison1656]

@@prs26 same problem with people's money fiat cash on banks, it is only digital too

[@darrenstewart1568]

IT'S TOTALLY NOT HARD TO CUSTODY GOLD, GOLD TAKES UP BUGGER ALL SPACE. THE AMOUNT YOU'D NEED TO PROTECT YOURSELF YOU COULD EASILY FIT IN A SMALL RUCKSACK!