Bitcoin About To Fall Off A Cliff?

30 Comments

1. Crypto does need rules. I don’t subscribe to belief that governments or broader societies shouldn’t be concerned about money laundering, scams or financing illicit activities. Just because crypto has mathematical rules doesn’t detract from this. Furthermore, paying taxes isn’t an evil to be banished, unless you feel that governments shouldn’t raise funds for public projects and to meet needs not provided by private sector. Now whether that money is being used appropriately is another debate…
   Finally, crypto is coded by humans who bring their biases to the creation of a project and you cannot code for all eventualities or judgements (moral, philosophical…things that create mores and a value system in society). Its a false proposition that crypto is some completely pure, objective unction that will deliver us from all evil. Sounds a tad cultish and I wonder if in 20 years people will look back at some of these statements as being profoundly naive. Only have to look at some of the fads that spew continuously from Silicon Valley to see this need for humans to latch on to something for some form of salvation and/or sense of community.
   Having said that the more die hard believers there are the better for my btc investments and I do believe that crypto and btc in particular has exceptional use cases in an increasingly digital world…its just not the Messiah.

2. As a near BTC maximalist, LTC has been one of the few altcoin's that I've invested in and been a fan of, but I've realized my bias towards it has mostly been sentimental. I had a great run mining it in 2017 and early 2018. My cost basis was in the high double digits when the price explosion of December 2017 came, and I managed to sell about 25% of my LTC in the $300 range. Its fundamentals as far as being PoW based, having a supply cap, and successfully executing value transfer since 2011 are all good. It is still useful to move funds out of a few exchanges, which have a 10k-50k Satoshi withdrawal fee, when using BTC. Its use case gets blown out of the water, however, whenever a BTC transaction gets executed for a handful of satoshi's and in milliseconds, which seems to happen more and more often these days, as the BTC network improves. I predict that LTC will hang around at a relatively low valuation, but will experience a spike in price if/when the BTC network gets expensive and slow again.

3. The hash rate only correlates to the security if there are more miners on the network not simply larger pools mining with more powerful Asics.(bitmain)

4. Coinbase is allowed to operate because they bow to the Government demands, simple as that.

5. Isn't this dude from Israel? And he's curious about what all the hub-bub around Gab is?…Test of faith in censorship resistance just around the corner.

6. #bootbrianarmstrong

7. The dollar actually is not doing well at all. $1 in 1900 is only worth $0.14 now if that much. Trillions$ were printed during QE out of thin air and the US debt is $22 trillion, China owning about $3-$6 trillion of that. Like all fiat currencies in history, the dollar is on it's way to zero. This has nothing to do with cryptocurrency it has all to do with fiat currencies.

8. Oh, I don't know. The price of BTC will probably start to increase (in good time – approx 1 year) before the halvening – just like it has done before. This means that we may expect the early start of a bull market cycle in the middle to the last third of 2019.

9. I think the thing people forget is that the stock market has been dropping and the world doesn't have Faith that Trump can pull off this Tariff war. That means investors will go straight to Crypto. I think in the future money will go back and forth between crypto and stock markets

10. Founder of Coinbase doesn’t like bitcoin?? Kinda like having obama as president of America when he actually writes in his books he doesn’t like American lol??‍♀️ true story. So does Brian want bcash to become number one?

11. The ironic thing is the one or two ppl that got it right (we don’t know yet) the price was so low that no one could believe it. I’ve been thinking between $1800-2200 but might go to $1200.

12. great channel man!

13. Crazy how fast some people will cave to regulation when they get held hostage with low price and huge bags. A bunch of folks on social media begging for regulation and to turn crypto into the system we are currently trying to leave just so price will rise. Price be damned.

14. i like how open minded you are and how you try to give a good overview of the crypto space as a whole. Don't change! There are too many shills on youtube!

15. Who is sick of hearing "I do not think we hit the bottom yet'.

16. “Practicing your English”. Your English is excellent!

17. thanks for another great video. really appreciate how much effort you put in on a daily basis. youre one of the best in this community. keep doing this! Thanks!

18. 446$ will be the last correction.

19. Hi Bangkok has a burning season each year where they burn crops. So maybe u got lung burn

20. Salud!

21. What is the motivation behind Ethereum 'asic-blocking'. Hive's recent announcement…

    https://seekingalpha.com/news/3420244-hive-blockchain-gets-regulatory-approval-boost-asic-mining-capacity

22. lol you say the word FUD in every video way too many times….i did find your video interesting …but it seems now repetitive with the same format every time……..there is a lot of everything happening but our sole focus is where our attention is…if it makes sense?

23. this is a currency not a stock lol

24. Looks like we are going to break thru 4K on this next run

25. whatever

26. Coinbase and Poloniex are the Dark Vader of crypto exchanges. And Bitmex is a bitcoin malignant cancer

27. U r really god at crypto

28. Yeah, if we haven't bottomed I think we were very close to it. So I'll continue as I always do, buying 1000 usd worth of bitcoin twice a month.
    I think we're dropping into the next great recession. Last time around we saw banks and brokerages go bankrupt. Remember MF Global, where so many working class people got rekt? That caused people to want to buy things of value that they could hold outside of a brokerage account. That pushed my gold up 70% and my silver up 260%. I expect to see much the same thing happen over the next couple years and this time around Bitcoin is going to benefit just as gold and silver will. This new crop of sound money people won't be impressed with xrp, eth or Btrash so they will be buying Bitcoin, as I do.

29. Yesterday you said it will reach 290000 in 2022 ?!

30. 360P max ?