Bitcoin is a scam! Something that I have been seeing a lot of in my comment section. I don’t truly feel its all trolls but new people with interest who have gotten bad information.
If I have left anything out on this video pertinent to this argument please include it in the comment section.
Good read about US leaving the gold standard: http://mentalfloss.com/article/12715/why-did-us-abandon-gold-standard
Thanks for watching
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no, bitcoin does NOT have a value because someone will keep mining it. that's completely the WRONG thing. suppliers don't make something be a certain value, the people buying it do. something is only worth what someone is willing to pay for it. if people stopped buying bitcoin it doesn't matter how many miners there are or what they are doing it won't have any value if no one is willing to buy it. As long as people are willing to buy bitcoin, it will have a value. once people stop buying bitcoin that's the end folks, worthless 1's and 0's. Bitcoin is nothing more than a repeat of the tulip bubble. In the end will someone still be buying it(like drug dealers) sure but once people realize the practical value of it isn't anywhere near what people are trying to sell it for the crashes will keep happening until everyone realizes it's just worthless altogether. Bitcoin already peaked, when every idiot and their cousin is talking about buying it it's already past market saturation and there's no where to go other than down.
At least you can buy something with the US $.
Some coin may overtake bitcoin in future
I like your exhaust setup!
Click bait much
bitcoin is a big shit and big fart
Just ask all of the Bitcoin miners that are bankrupt.
Very informative video! Thank you for this.
Don't do what rich people say……..Do what they do.. then you too will have what they have.
Something people fail to understand is that US dollars come from the Federal Reserve. The Federal Reserve is not a government department and is in no way controlled by the US government. It is a private company. It is as much of a government program as American Express is, 0%! The US government pays the Ferderal Reserve to make and borrow US dollars and that costs a lot of money. The majority of your taxes are going to pay for the interest on the money your government borrows from the Federal Reserve. The Federal Reserve points money for most countries in the world. Stop using Federal Reserve dollars and the economy will improve!
When a crisis comes people want shelter and food first so selling everything possible to get this food and shelter. So dumping coins and no buyers. After crisis maybe.
Bit Coin is Valued against Fiat currencies.
What happens to the value of bit coin when currencies go belly up?
Bit coin will have no way to value it's self against.
Bit coin will follow the way of Fiat currencies.
Bitcoin does not have a limited supply. That’s the scam. If they need more it can simply be forked and hey presto, another 21 million coins can be mined, or more, depending on the code. Sound familiar.
By the way, don't be a miner, just buy the coin, it is more efficient that way.
To say that gold has limited supply is really ignorant statement b/c it is not. If the gold has limited supply then how is it possible that every year 2500 tons of gold were mined. It is false illusion to think like that. Bitcoin is only one that has limited supply
Way off base on the statement, "So many people put Trust in the US money system."
The Petro Dollar is finished. The dollar is the fastest horse in the Glue factory.
There has been a market inversion in the bonds interest rate.
People are taking their money out of the Banks. The E/U Banking is collapsing .
The amount of debt is 100 to 200 trillion dollars. FDIC covers less than 1 cent on the Dollar.
I just signed up
Bitcoin is not a scam, Bitcoin makes you money, you just have to have a lot of patience. Maybe Bitcoin is not for you dude, just don't invest in it.
As long as we have power electricity, computers,networks and the internet we will have bit coin.
Bit Coin is limitless because there are now hundreds of "CRYPTO's ",
just like bit coin.
When government produces FEDERAL COIN, this will destroy all other
CRYPTO's. Bit Coin has already crashed from $ 20,000 to $ 3000.
What happens when the number of bit coins get to, or near to the maximum no? then the cost of mining it could and probably will exceed its utility value? Its current price is probably a speculation well in excess of its real value anyway?
You can create as many Cryptos as there are individual Fiat currencies and their infinite bills that represent them through forks. It is a scam Period
Precious metals … the rest is simply a diversion. Sorry to say.
The federal reserve note is probably the biggest scam and the medical industry is probably the next biggest with nasa coming third and the holocaust industry third.
Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an undercover dictatorship … To restrict the art of healing to one class of men and deny equal privileges to others will constitute the Bastille of medical science. All such laws are un-American and despotic and have no place in a republic … The Constitution of this republic should make the special privilege for medical freedom as well as religious freedom. Benjamin Rush