Max keiser bitcoin 2011
One of the most discussed topics within the bitcoin and finance industry is the potential of the digital currency to compete with reserve currencies like the US dollar and precious metals, such as gold and silver. Gold, similar to reserve currencies, is a multi-trillion dollar market and to compete against it, bitcoin has to achieve a trillion dollar market cap.
Since the beginning of , bitcoin has grown at an exponential rate based on various indicators including user base, market cap, price and trading volume. In less than two years, bitcoin has evolved into a liquid, efficient and transportable safe haven asset for a wide range of investors.
Economic uncertainty and global market volatility, caused by the conflict, led an increase in demand for bitcoin. If and when that happens, a multi-trillion dollar market cap could become a reality for bitcoin. Many investment channels and tools, such as offshore accounts, have become trillion dollar industries in their own right. However, as federal government agencies in the US and Europe crackdown on offshore banking accounts and increase regulations , we could see trillions of dollars could move to bitcoin - which has already proved itself to be a secure store of value.
The Important Hurdle to Pass: Scaling and Political Movements. The scalability of bitcoin has been in the spotlight of the bitcoin and cryptocurrency community for several years. However, most debates within the bitcoin community on the topic of scaling have been unproductive. In July, 58 companies led by the Digital Currency Group - who represent This involved increasing the bitcoin block size by 2MB.
Buterin was at the time highly critical of SegWit2x, stating: Two sub-communities with radically different political viewpoints on scaling that need to find some short-term way to get along.
The tradeoff between speed and extent of scaling and technical risk is one if human values. For the most part, the fact that it is extremely difficult to reach a consensus in bitcoin is beneficial for both bitcoin and its users. At this point, I feel bitcoin has plenty of liquidity, as do the other top 10 altcoins and so it's easier to mention them without causing any price spike. With Cryptocurrencies, Max was, and still is way ahead of the rest of the so called 'experts', but then he was way ahead with trading software and a lot of other stuff.
You really should listen to this guy, he's in the same arena as we are at badbitcoin. As someone new to have cryptos my strategie is simple: If I do it right for 5 or 10 years I will have Money to buy a field and became a farmer, growing some awesome food for you all! How are you guys getting on since you left London? Last show, I saw Max being filmed in the forest lol. Are you both in hiding? Or just on your hols?
Love the show and good to see you here on steemit. Lot of peoples miss there post and i'm one of them, but now time time to take another altcoin bot to grow massive. I would have bought Bitcoin then except my ex-wife is the one that told me about it and we were getting a divorce. I did not like anything she told me at that point. I should have married someone else. Actually, I'm not poor. I should have married Max. I'm expecting a pullback. But yea I wish I would've bought years ago.
I agree with you for every single word, but to be honest, nobody should envy about not investing in time, nobody knew, even I'm sure the real Satoshi Nakamoto wouldn't know what will happen after 10 years. From other side, think about it that way, if the person didn't have his 10 BTC over pizza, now we won't have a discussion about Bitcoin, as that's how he create economy, that's how the BTC is whatever is at the moment.
People back that realized after his purchase of pizza, that BTC is not just a number on the screen, but real asset, which you can exchange for physical goods and services. I like others knew about bitcoin from the early days, but was not convinced and really didnt understand it.
At the time i couldnt differentiate the difference between Bitcoin and a centralised banking cashless society! Now, after your exposure on the Keiser Report my ears have pricked up! With various governments secretly investing in Crypto currency, this is sure to increase in price! In I decided I wanted to buy bitcoin, but I couldnt figure out how to. So instead of buying my 10, bitcoins. Sure, one could argue if I would ever be able to hold on to those bitcoins for 6 years.
But it's definitely a lesson. Never doubt yourself and your gut instincts, especially when the cost is so low. It would be cool to see a post explaining how you learned about it and what your early thought process was in coming to understand Bitcoin's value. Every time an exchange charges me 0. I also think about taking every penny I have and putting it in BTC or ETH but I feel like my crypto portfolio is already fat enough - in the interests of diversification to load up more would be bad Then again I think you'd think differently about that.
Would you even think about diversifying now? Somehow I can't really imagine you guys ashing out BTC to buy bonds or stocks or gold. Given the impending bursting of the stock market bubble we all know will happen maybe this year, next year or sometime soon what do you think will happen to BTC then? Will a stock market crash take down BTC too, or will it finally shine as the alt-investment and demonstrate how it is truly decoupled from the value of the dollar by soaring past the moon and onward to the stars?
Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path.