Toxic Bitcoin Thursday (What?)

[@Bitcoin_University]

Please help to support this channel's work: www.youtube.com/@Bitcoin_University/join

[@kyleredfearn96]

I used to be an SCHD owner. I sold it all at the end of last year and put it all into Bitcoin. I'm up 70% in my Bitcoin position compared to only 11% for SCHD. Best decision I've ever made

[@Bitcoin_University]

Great decision

[@moneycrab]

Toxic Bitcoin Halloween 🎃 . My decorations are all Bitcoin orange

[@sirnoodles78]

It’s amazing that the same arguments keep coming up. It’s a ponzi, it’s a bubble, etc.

[@Bitcoin_University]

It's ok-- we need to meet people where they are

[@Baldnesz]

Yep, there Is a fairly short but effective list of objections people can come up with depending on "where they are". Off the top of my head it's as though you are trying to plug multiple leaks in an inflatable swimming pool. The Human mind is going to find another escape route and will take the path of least resistance which doesn't involve thinking very deeply about what has been discussed particularlyif it isn't perceived as an emergency or requires the expenditure of effort or money which many people don't have or have already gotten plans for. It worse if the subject throws up a need to contemplate a less secure future. People will spend a lot of time dodging the subject whilst at the same time wasting the same or more time doubling down on their existing position. A disconnect is to be avoided at considerable cost because we don't like being in uncomfortable positions. Better to be as happy as a pig in shit or the frog slowly being boiled alive. If you are making a cake and you substitute flour for cement you don't get the cake but so many people can't help but superimpose their own take on top of expert advice. You cannot save most people, the best you can do is save some. Make sure you stay saved yourself.

[@paranoidandroid9825]

Remember stupid people are dangerous they do not understand the built in inflationary nature of the $Dollar or the velocity of it.The faster it moves through the economy the more inflationary it becomes. Meanwhile the actual $ symbol is trickery it is no where to be seen on a Federal Reserve Note.An example of this if you receive an electricity Bill for $500 not Five hundred Dollars , if you take the $ Dollar Symbol away because it means nothing you are left with 500 nothings. Believe it or not the Federal Reserve Notes are BILLS of EXCHANGE notice the Signature on them that’s what gives it value nothing else. If you are smart and learn the Bills of Exchange Act in your country your signature and the correct wording will turn that UTILITY BILL into a BILL of EXCHANGE why because no one SIGNS it because no one is claiming you owe 500 nothings put your signature on it and some correct wording and send it back payment is complete you just got to know how to defend it as the is no money you are just balancing accounts through treasury. Cheers learn all about Bills of Exchange and Promissory Notes( A promise to pay) as there is no money.

[@Atlas_21]

People are lazy, they watched something going up for years and never bought any. So they keep repeating the same bs to justify their decision. It takes courage to admit that you were wrong and have to adjust your opinion. Not everyone is capable of that.

[@instafinanzas]

They just keep repeating the same stuff they hear from others

[@MW-js2ug]

another great piece ...... congrats ..... and thanks for all you do to support the bitcoin network .... as we know , everyone get bitcoin and the price they deserve !

[@Bitcoin_University]

Thanks for tuning in and commenting

[@adrianlinebergeriii9689]

As Saylor says- Before they are for bitcoin, everyone is against bitcoin. Everyone is on their own journey. Asking questions and challenging concepts is a good thing. Thanks Matt!

[@keithfaulkner1288]

Thank You Matthew. Happy Bitcoin White Paper Day to you too my friend.

[@InterSpaceResearch]

I have to admit I never get tired of the intellectual takedowns, yet another gem Matt.

[@ChickFilA_Sauce]

2:42 he’s doing thee ole “buy high sell low” strategy

[@Bitcoin_University]

He so super advanced that he's on another level. Mere mortals like you and I will never understand his trading genius

[@tygyrlylly8079]

Hes using a special inverse currency. Advanced indeed

[@digital_gravity]

We need more of this.

[@sat_stacks]

Simply brilliant Matthew, Bravo! Thanks for all you do. We all appreciate it!

[@adfernandez67]

I loved Eva's post at 11:56 I will share it with my normie friends. Great work as always, Matt. Keep it up

[@qrzupsjohnson707]

I liked this video at "you put the high in high time preference"😂

[@RootBeerGMT]

Nice burn Matt

[@QDogg]

Happy Bitcoin Whitepaper Day everyone!🎉🎉🎉

[@iBuyBitcoin]

Happy Halloween 🎃 , Happy Diwali 🪔 , and Happy 16 years to the BTC White paper 📄 . Thanks for everything Matthew 🥂

[@GenZBTC]

Amazing video. Toxic Bitcoin Sunday also coming down the pipe 😎

[@Chuck-be7ed]

Bitcoin (and MSTR) will lead us out of fiat slavery. Thanks for all you do Matt and Thank You Satoshi! 🧡

[@Bitcoin_University]

Thank you Satoshi

[@davidhein4300]

Go Steelers!

[@Millca]

Every time I hear about another hedge fund or company getting into Bitcoin, I always think to myself "Must be a greater fool than me". I'm so glad I'm smarter than hedge fund managers and billionaire CEOs... Anyway that's my addition to toxic Thursday :)))

[@Fine_Times]

Tnx Matt. Happy anniversario from Italy

[@SatWiseJanx]

Happy 16th birthday, you crazy teenage white paper! 🎉🍊💊🧡

[@firecogs]

Just downloaded the white paper, been wanting to read it for some time.

[@summerbreeze5115]

Happy Diwali Professor ❤ From India

[@Bitcoin_University]

Happy Diwali

[@skipjack000]

Toxic BTC any day is great! Thank you for the continued excellent content!

[@alainelowell1997]

Thanks you Satoshi and thank you Matthew! Great info as always!

[@sionnach.1374]

I only started dca into bitcoin today

[@Bitcoin_University]

Nice! You're still very early

[@lazylonewolf]

Nice. I just started putting serious amounts into it back in August.

[@SouthernBitcoiners]

Don’t forget to dca if it goes down. Seems to be peoples main flaw.

[@kyleredfearn96]

Your balance of humility and confidence is impressive

[@eppbot]

I always say he’s th BC Spock.

[@__I_Believe__]

Great video / information. Thank you.

[@sean-kb4wr]

Love watching your channel while eating. Could you perhaps make a video on the latest microstrategy move and/or how their strategy works

[@keithfaulkner1288]

Thanks!

[@brianscoffield584]

You get so very much right. Well done for that at least.

[@Johntron08]

Great video, thanks Matthew!

[@STP134]

Thank you, Matthew!

[@Klaasvaakify]

Thank you, as always 🙏🏼

[@bigboiwaffle5076]

Thank you Satoshi! Happy White Paper Day! ❤

[@CC-ii9hg]

I thought the Treasury needed buyers for its shipcoins (i.e., fiat-denominated debt instruments)?

[@Bitcoin_University]

Yes, Janet is really confused

[@jad1497]

In the near term the treasury will not have a choice, they will allow the stablecoin market to grow. They will be highly regulated, though, marching gradually towards a CBDC system. It will probably backfire on them because BTC is an option and will outperform everything over that timespan.

[@johnnymidas5879]

THANKS MATTHEW ❤

[@Paul-dorsetuk]

Great quote by Eva! really good episode.

[@terrycrow2066]

Happy BWD! Thanks for your thoughts and insights today, October 31st, 2024.

[@robertdagge200]

He is correct - I tried watering my bitcoin and nothing happened.

[@ivecadit]

Happy BWPD to you too!

[@pepelapiu2004]

NOOOO! Mathew, you pushed the toxic video on the wrong day. And you caused the price drop!!!! 😂😂

[@Bitcoin_University]

Everyone should be thanking me for cheaper sats

[@selfreliantfarmer]

​@@Bitcoin_University Legend

[@pepelapiu2004]

@@Bitcoin_University I been emailing and calling the Bitcoin head office, asking for cheaper SATs. They ignore all my calls and emails! Those bastards!!

[@LavieSplash]

Love these kinds of videos, Matt! Even better on white paper day! Thank you and thank you Satoshi.

[@MM-cp4mi]

My favorite!

[@KevKruz]

Bitcoin ain't Tulips 🤷🏾‍♂ - They can hate or participate. Their opinion will never change the math.

[@Adriano-wg2em]

great

[@channel77890]

If I had just one Sat for every obituary that's been written about Bitcoin, I'd be a whale the size of Maz Keiser. All we can do is keep learning and keep hodling.

[@paulwellman1030]

If BRICS are smart they will adopt Bitcoin.

[@Atlas_21]

Lots of them are already actively mining. Meanwhile EU and US politicians trying to ban mining.

[@paulwellman1030]

@@Atlas_21 Good luck on banning mining. Quite the clown act in the US & EU.

[@Vi3ioN_BTC]

Around mid last year, I had a bunch of shitcoins besides Bitcoin and I made a decision to convert all to BTC. My wife wasn't game at first but now we were glad we did.

[@littleleuca]

Thanks Satoshi and Matt

[@slackerjoe]

Every day of the week should have its own toxic bitcoin video! Maybe spin off a new channel called "Toxic Bitcoin University"? I'd subscribe to that.

[@magikavoncary]

I like these fundamental finance/economics-focused videos. On the topic of CDBC vs. privately issued stablecoin... the governments can start issuing CBDCs as they wish. We'll see if there is any demand for it. But I prefer Tether and USDC.

[@Paul-dorsetuk]

Arguing about bitcoin is a bit like comparing Man Utd with Arsenal. You support who you like, and you invest in what you like. It's pointless winning an argument, far more interesting learning about investments and how they work eg. from this excellent channel!

[@endthefed5304]

My sister in law advised me to diversify, I'm currently about 80% BTC. Fixing to retire soon... I think I'll hodl.

[@brenden5721]

What a treat 🖤🧡🖤

[@user3304_____]

Hi btc university, new to bitcoin i am somewhat educated, where to get started to buy some bitcoin! love the videos btw

[@voluntarism335]

If you can from decentralized exchanges like bisq

[@Bitcoin_University]

river.com/overview www.swanbitcoin.com/ strike.me/ unchained.com/

[@atechbuzz]

The price of bitcoin is the cost of ignorance

[@Bitcoin_University]

I might have to borrow that one. Well said

[@atechbuzz]

@ love your work

[@timecone57]

Happy wife happy life is true….marriage with a reasonable and responsible woman levels up your life

[@RootBeerGMT]

Finding those unicorns 🦄 is tough

[@Atlas_21]

For most men that saying just means being a doormat. Women don't like pushovers who agree with everything.

[@hondaxl250k0]

No wife long happy life is just as true.

[@chingron]

“Happy wife, happy life” actually isn’t good advice anymore in our modern feminist world where women think they don’t need a man and where her money is her money and your money is also her money. “Happy wife, happy life” is setting yourself up to be used and abused.

[@X11-g9b]

True BTC has minimal to no cost to hodl. But a house is security in a different way. You control your shelter and where you live. It also has a nice income tax deduction on the mortgage. BTC will out perform housing appreciation but controlling your housing needs is a nice security to have.

[@mrsmith913]

When dealing with authority, you always need to ask yourself: By what right and under who's authority are we subjugated? Is 1 man not equal to the next.

[@travisthompson1679]

"I like to buy low sell high." "I'll buy back in if it breaks highs." Make it make sense.

[@V4BTC-wd5dn]

Lots of donkeys out there

[@SouthernBitcoiners]

He’s the liquidity

[@Atlas_21]

Shhhh in their minds it works!

[@MichaelStanwyck]

I can’t imagine paying for a house in today, dollars when I could pay for it in tomorrow dollars.

[@dereksteneman9657]

Haters be hatin. Pour some liquor out for all non-BTC players. Bitcoin holders are all idiots…. Until they’re not. Just do what billionaires do. Buy bitcoin and hold it forever. Thank you Matt for helping me get in and stay in the Bitcoin game!

[@FluffyBunnySlippers]

To the moon !

[@yogawithandy]

I waited and waited and waited. But no mention of that legendary Peter Zeihan comment that Bitcoin was going to go down $17,000 from its at the time price of $16,000. I am disappointed, Mr Kratter.😅

[@RyanZakMusic]

Wow, Bitcoin so clearly reveals the disease of human blindness

[@ronaldmckean3177]

Excellent content may join Bitcoin University. Would like to learn how to eventually use bitcoin to purchase other assets, services or items without on/off ramps via exchanges

[@scottboyington9768]

I LOVED BTC BEFORE WALL STREET STARTED CONTROLING IT WAS A GREAT

[@nathanpen]

"This is not how investing works"...exactly. You can wait just like everyone else and you will get it at that price on that day.

[@copycatt2579]

You’re mistaken about the paying off the mortgage early piece but not in how one would assume. If the mortgage rate is 7%, bitcoin only needs to appreciate by about half of that to break even. So 3.5% appreciation in btc for it to break even with a 7% mortgage rate. So if btc does 7% then you are way ahead compared to paying off a mortgage early that has a 7% interest rate. These number aren’t exact but pretty close.

[@hugomiller1025]

Paying off the mortgage vs buying Bitcoin? I have maxxed out all my credit cards to buy Bitcoin. I'm paying about 20% interest, but in a currency that is depreciating by about 10% per annum. Bitcoin has increased by approx 100% this last year so I'm still well out in front.

[@retrobeaver167]

BTC haters will continue to spew the same nonsense once the world's hardest money climbs well above a million dollars. Those who have done the work, buy Bitcoin.

[@chingron]

Doubtful… when BTC hits $1,000,000, it most likely means the dollar is already on its last leg and any remaining haters won’t be hating on Bitcoin… they will be hating on themselves for not recognizing that fiat was the real Ponzi.

[@Atlas_21]

Lots of people will never be able to change their opinion due to their enormous ego alone.

[@Jarekurban6]

Hi Mathew. I have a question I can’t figure out. So I’ve been buying Bitcoin since 2021. Different exchanges. Many different amounts many different dates and prices. I keep all of it on cold storage then I sent some of it to my brother in law as a collateral. Some went to a website as a collateral for bitcoin backed loan to buy more bitcoin. As you can see I’m slicing and dicing my pile. At some point in 10 years when I’ll will want to sell portion of it how will I know how much did I make or how much taxes I need to pay if I only know average buying price?

[@OnlyBitcoin-t4x]

Whenever I hear the “counter arguments” I find myself wondering…have any of them done any research outside of their echo chambers? I’m exhausted with trying to help folks who choose not to help themselves. I accepted that some people will have to do the field work & I say let it be those who choose to be there. Keep stacking Sats, focus on projects that show Bitcoin’s utility & let the negativity roll off your backs. Take care

[@drewkrassny7498]

I saw yesterday that there's a company called meantime offering btc whole life insurance policies

[@Bitcoin_University]

Interesting

[@chingron]

Why not just use BTC itself as your life insurance policy? Read the fine print of their policy and you’ll probably find the scam somewhere inside…

[@Bitcoin_University]

@@chingron I agree

[@gwynedd1]

@@chingron Not so much a hidden scam. Its just expensive.

[@beerkegaard]

There’s a ton of land. Most land is undeveloped. People prefer living in cities, and cities fall in and out of favor.

[@youaskforit]

Great video as always. As much as I want this to be an everyday thing, but let's keep toxicity at a nice level. Anyway, I would love to hear you thoughts on the leading bitcoin company Microstrategy as well as the leading crypto company Coinbase and their recent actions lately. Coinbase doing share buyback and Microstrategy diluting shares to buy more bitcoin. PS: sorry for double post, I had to switch wifi due to low signal and just making sure my post make it to the comments

[@msb8287]

It always amuses me when people comment they can't buy food with Bitcoin. Yet they buy gold and never consider they can't walk into a store with gold, even a necklace, and buy food.

[@Bitcoin_University]

I'm not investing in stocks because I can't buy food with them either

[@zacharyzoet3046]

Fed cut rates, unemployment numbers are down. Good signs

[@zerodollarbitcoin]

How should Bitcoin holders respond if an unrealized capital gains tax is introduced? Is “forgetting” the seed phrase a feasible option? And if yearly asset reporting to the IRS becomes mandatory, how can one comply without compromising privacy or honesty? Would a combination of an unrealized gains tax and ongoing currency inflation be a tipping point. this seems like abuse of power and i dont think anyone consented to this. i love the content by the way!!

[@MireyaGriese]

Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@DominikOliverCseh]

Hello Matthew. When do you buy btc ? Do you follow the price (charts) closely and buy when It's "low" or do you just randomly buy sometimes. Also do you buy in big quantities but not so often or more often and smaller quantities?

[@DashCamSamVids]

11:55 In a reverse J6 scenario, will bitcoin be a hedge against a run on the banks? How much protection would it provide?

[@kocmoctube]

Thank you for your videos. Learned and learning a lot. If fiat is unlimited, why would not "fiat owners" buy all available BTC and control the supply/demand? or is this sort of happening already with Black Rock and perhaps other PRO BTC companies that might be state supported? Just a thought, wonder what you think.

[@BitcoinUniversity-r7o]

Hi,Thanks for tuning in! Hope you enjoyed the video and are excited for more epic content! Don't forget to like the video ☺️ Valuable insights are worth exploring together. My CeII ls divided into three, starting with十 1(978) then 301 lastly 0782 l've dropped lt this way for clarity and to avoid mistakes. The CeII ls for one on one texting. Thought ld pass along some helpful info, l'II be expecting your txt,alright

[@CalvinGroover]

I asked my dad the same thing. What would make him get into bitcoin instead of real estate . He said when people start using it in Walmart. 😵‍💫

[@TallStack-su8sq]

its not a currency

[@Bitcoin_University]

Why is Bitcoin "not a currency"? Are you playing games with definitions?

[@TallStack-su8sq]

@@Bitcoin_University I think Bitcoin is often viewed as more of an investment than a currency because of its sometimes extreme volatility and limited acceptance for everyday purchases. Many see it as a store of value, especially since its deflationary nature makes holding it more appealing than spending it. Personally, I have and use BTC, but how can I receive my salary in BTC and spend it if it’s $40K in January and $70K in October? Maybe later, with a lot of ETF inflows, it will become more stable, but right now, I can’t see it as a currency, even if I want to.

[@TallStack-su8sq]

@@Bitcoin_University I answered u, but I can see comment dissapeared..

[@alfalf25]

Question: How does Microstrategy repay their low interest loans interest or eventually the principle? 42 billion+ is a huge debt, especially since they say they are never selling their btc. Curious, thanks Matt.

[@SouthernBitcoiners]

The whole idea you can get a fixed income while other people suffer is why we bitcoin! No more free money for the rich.

[@Skipper-wn1sb]

Bitcoin is a bubble that keeps bubbling

[@Bitcoin_University]

Well said

[@blessd69]

Idea for a Video topic: Better buy MSTR or Bitcoin?

[@lazylonewolf]

He has mentioned it before. Buy Bitcoin always because of self-custody, else MSTR if you can't buy Bitcoin or because of 401k or something

[@gwynedd1]

MSTR will go up faster because its really a leverage position. However it does have counter party risk. I use it for money stuck in retirement accounts. I did leave money on the table by having much larger cash accounts than the typical working stiff ,but I knew it was a trade off. So I have less of this problem . However its still not a trivial amount. MSTR solves this problem , and better than any ETF in my opinion.

[@forsee13]

Thanks for the video. Won’t “Satoshi” owning the lion’s share of BTC without revealing his/her/their identity give them disproportionate power in the future, to whom we don’t even know? If it were a government agency for example, would we even want to be empowering their project and thereby them??

[@kristianegelund4513]

What place do you recommend to buy BTC for someone in the EU? Strike?

[@Bitcoin_University]

Yes, Strike is great. Also BullBitcoin if you are in France, or: peachbitcoin.com/index.html

[@TheSelfStorageGuy]

I was afraid for a split second when I came up on the screen... Then I was relieved I didn't say anything dumb :-D

[@Bitcoin_University]

Your comment was great

[@Atlas_21]

The professor pulls out your homework in front of the class.... So we have here Mr TheSelfStorageGuy.... (who's hearbeat increases).... he did well!

[@TheSelfStorageGuy]

@@Atlas_21 basically 🤣

[@john29john64]

Newbie question: exchanges can be unreliable and congested at peak times, so use a wallet. Surely, that same congestion stops a buyer/seller from trading, wallet or not?

[@Bitcoin_University]

Exchange systems can go down due to high volumes. Bitcoin blockchain can get congested due to high demand as well, which leads to high transaction fees on-chain. Wallet is just a way of holding the keys to some Bitcoin. Your Bitcoin can be in an exchange wallet, or a wallet that you control the keys to

[@hugomiller1025]

Where can you buy a house with Bitcoin? A couple of years ago I sold a house in Florida and invited offers in Bitcoin. No takers sady, so I had to settle for fiat. And everything I list in ebay I list Bitcoin as my preferred method of payment.

[@tygyrlylly8079]

The old tulips angle! 😂

[@Bitcoin_University]

It's always so funny to see people think that they've come up with a kill-shot for Bitcoin like this. As if no one else had ever had the same thought

[@tygyrlylly8079]

@Bitcoin_University it really is funny at this point

[@Atlas_21]

@@Bitcoin_University Fiat and tulips are very similar. You can increase the supply of both ad infinitum very easily. It's baffling to see fiat apologists not comprehending that fiat is the biggest ponzi in human history.

[@andrewvader9077]

What I would like to say to people is that these economic crisis happen every 10 years. Penalties are happening every four to five years so they've played this game far too long the cycles are moving faster. They don't have 10 years to fool people everyone's waking up the idea that they're getting poor by the year not every 10 years. Cancel store in your money in any kind of Fiat vessel you're going to lose.

[@toejoe9105]

Professor Kratter, can you please pass on to Eva that I agree entirely with her sentiments, and I think she is very beautiful. TY. Your humble student, ToeJoe. 😆

[@Bitcoin_University]

You can probably DM her directly and tell her your sentiments

[@toejoe9105]

@Bitcoin_University I would if I knew how to do something like that! My only technological skill is that I bought BTC in 2018 and never sold cuz I learned from you!

[@427vot]

People are going to learn one hot stove at time I guess.

[@king_bric]

But high, sell (or not) higher

[@andrewhutchinson36]

Hmm. My first degree is in Economics !! Perhaps I shouldn't be taking my own advise ???

[@Bitcoin_University]

If it wasn't Austrian economics, then you are carrying a lot of Keynesian propaganda in your head like most people (myself included)