Lets talk about Bitcoin and what I THINK caused the recent jump in price – enjoy! Add me on Instagram: GPStephan
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DISCLAIMER:
The views and opinions expressed in this video are just that…opinions. Not Fact.
This content is for entertainment and informational purposes only, and should not be taken as investment, financial, or other advice.
Instead, consult a professional…do your own research…and invest at your own risk.
So starts start here…what happened, and what caused Bitcoin to more than double prince within 60 days from $3500 to $8000?
I have a few personal THEORIES when it comes to this…
The first theory, a potentially weakened economy:.
This happens anytime investors are nervous about the overall economy or strength of the stock market…and for many people, this can be a nerve-wracking time. When this happens, many investors decide to shift their money around to different asset classes…typically, we’ll see that in bonds, gold, and Bitcoin.
The second theory, is that it’s slowly gaining more mainstream acceptance.
One of the unforeseen benefits of bitcoin DROPPING was that, for the first time in awhile, its price wasn’t fluctuating 10-20% in a day and it could ACTUALLY be used for what it was created for: a currency. You’re noticing many more “mainstream” businesses begin to actually USE bitcoin…this includes Starbucks, Nordstrom, Whole Foods, and Home Depot. While it’s rumored that this is just an experiment for now, it’s evident that more and more people have begun to take it lot seriously.
http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/
The third theory…and perhaps a more controversial one…for entertainment purposes only…is that the price is currently being altered, yet again.
This is too long to type out, refer to 5:55 of the video for an in-depth look into my thoughts.
The fourth theory: FOMO
It’s people recognizing that the price is going up, and they don’t want to miss their chance at getting rich. So they buy in and the price goes up a little more. Then, as the price goes up, MORE people jump in because they don’t want to be left out, too – and then the price goes up even more. And then it happens again, and again, and again…and given the history of Bitcoin, this could – potentially – go up for quite a long time, until it doesn’t. And when it comes to investing, that is NEVER the habit of a profitable, long term investor. EVER.
Do NOT invest in something just because you have the urgency to not want to miss out, or to think “this is your chance to get rich.”
And in terms of where I see this going in the future, I’ll just end it with this…no one knows. If you’re OK putting your money in Bitcoin, and you accept the risk that you could very well lose a significant portion of your money, then by all means, go for it.
Again, that’s not to say that one day Bitcoin won’t be worth a ton of money – or it might be adopted on a large scale – and if you really, truly believe in it, by all means. But don’t jump in because of FOMO, do your research, and don’t EVER invest money you can’t afford to lose.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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I have been in crypto for years now. At one point my crypto was worth more than my house!!! I have already taken out MORE than I ever put in, and now my crypto just passed over $50k in value today!!! Maybe going to take out a bit more if it goes up more. I think Ethereum is the better than bitcoin, it is up more than bitcoin this month. I am the admin of the Ethereum Mining channel on Facebook.
bitcoin
Tether blow Up its bullish for bitcoin on the long run cause it would dry the liquidity of stablecoins to bitcoin.
Thnx for the update. Things are running its course as schedule.
Have a great weekend. Bitcoin has firmly crossed into $8,000 level and is quickly on its way to test its next target of $9,000 and when that eventually happens soon enough, the coin will be increasing in value at an alarming rate. What this means for investors is in no time, buying a whole bitcoin would be out of the reach of a higher percentage due to how expensive it would be. What i had been doing for the past 2 months is buying just twice and then day trading which has helped me accumulate almost 9btc. I was able to accomplish this by trading with signals generated by christopher logan which are very easy to use and also very accurate for trades. He is also one of the best analyst and strategist and even though i had my reservations, i was convinced in just my 2nd week of trading due to the results of trading with his signals. I want as many as possible to know about him (christopherlogan211@gmailcom) at least find out what his system entails
thank you for clearing up this mess. I agree with you.
Look into Mt. Gox, Cryptsy all the same story. Hell even with Fiat currency there isn’t enough printed money to cover all electronic balances….. the entire global monetary supply… all scams ? look at derivative value ? BTC is just a low float deflationary asset designed to be a monetary sponge ? look out bankers….
If you had purchased Bitcoin with the same amount of money you put towards your homes at the time your purchased your home(s) from 201x- 201x.. As of today, would your Net Asset value be higher in USD/BTC balance or your Real Estate value be higher?
Just wow dude. If you don't wanna put in the effort researching you'd be better off not making videos like this. You said so many simple things fundamentally wrong it's giving me the impression you're a headline reader.
If you want "The Truth" about Bitcoin, go to the best online resource for Bitcoin education, Bitcoin University
https://bitcoinuniversity.online/
I’m investing in bitcoin to get rich but, I also believe in bitcoin and it’s mission to become the worlds biggest currency and help people transfer money across the world cheaply and quickly. I’m investing anything extra I can invest in it. Because I truly believe in it ?
This feels like buying “gems” in exchange for currency for a game app. ? $5.00 for 20 gems ? ?? Lol – it’s so confusing.
Bitcoin
F U and your never-ending imagination. Do some real research before an expose. Youre just pandering to 647000 followers who continue to bring you income. You have become Roger Ver.
Whatamigonnadooo!
What happened to that guy
Berkshire Hathaway A…
Here is the truth about Bitcoin since you seem to be relatively clueless. The problem is that people look at the USD or Euro, or other fiat currency value of Bitcoin. 1 Bitcoin is worth 1 Bitcoin. Currency is all about purchasing power…… have you ever charted the S&P 500 over the last 10 years in BTC???? Its (the S&P 500) has been crashing for the last 10 years. There are only enough BTC for 68,000,000 people to have 0.25BTC…. and that's for the whole world. The purchasing power of BTC is going up, because the purchasing power of other currencies is going down because they are counterfeited at a rate (for USD of $80,000,000,000 …. yes $80 billion each month). You DON'T try and make a "profit" buy purchasing BTC…. you're trying to preserve you're purchasing power. Please get a clue!
Tether admitted to only having 73 cents for every dollar…
My buddy just made a lot of money (40k) at age 20 from trading bitcoin so I can’t hate
bitcoin
Bitcoin
Satoshi needed a new pair of shoes….Kirby says
Many banks couldn't honour the return of depositors funds if there was a run. Notwithstanding this, markets the world over are manipulated, it's just part of the game.
To get a better long-term understanding of what the true potential of bitcoin is, I suggest you read "The Bitcoin Standard" by Saifedean Ammous.
BITCOIN
And Bitcoin is now at 8700 and still going. Here’s for the people who don’t believe in BTC or don’t want to invest in it. You really think the ICE is in this to only stay in the Billion Dollars market cap? You’re a complete idiot if you think so. I can guarantee you crypto currency will hit at least a 2 trillion dollar market cap. Wait until Bakkt is released! You’ll see the FOMO really kick in.
Bitcoin is super manipulated at the moment. Like insane.
It’s doubled in a month ?
He’s trying so hard not to get sued.
Truth about BITCOIN in title – Exposes Tether and Bitfinix LOL
Contact hackermkhitaryan on WhatsApp +19252728344 he’s from the ?? I’m forever grateful All I can do to thank you is to let people know about your bitcoin skills
bitcoin goes up, lite coin goes up.