Bitcoin Explained in plain english
 

precisely...

https://www.youtube.com/watch?v=kpJ7xIQZ34k

Why the parasites don't like Bitcoin.

To further support the video the OP put up, watch this one from the 10 min mark to learn just how much bitcoin you need to carry as your hedge against inflation.

https://www.youtube.com/watch?v=JfGc...9FWVJfPuGr-E-4

MorTech, are you already part of our Villages Crypto Club? If not reach out to me at dylanwaynetodd@gmail.com.

Cheers,

Dylan

The Emperor's New Clothes. Hans Christian Andersen : The Emperor's New Clothes

I have never bought any bitcoins, and this thread has not changed my mind about them.

Bitcoin had a bad weekend. Down to 24,000 today

I am not a joiner :)

Trying to discuss "What is Money" with people is like trying to discuss with a 5 year old why cookies are bad for you.

I predict the Russian Ruble will be 1:1 with the USD within 2 years :)

Bitcoin is a Ponzi scheme. Too volatile to serve as a medium of exchange or store of value. A solution in search of problem that wastes enormous amounts of electricity to solve mathematical puzzles. Will eventually settle at its intrinsic value - 0.

If that’s plain English then I need to brush up on my English skills.

Eddy, no rasputin lives
 

look in the ball. I need the dates

wheres the chapter on world domination

How's that hedge working out right now?

Very interesting talk and concepts. I understand what he's saying, but I guess I'm old fashioned enough to prefer owning something with intrinsic value of some kind.

Financial Sovereignty
 

Bitcoin can be explained in 2 words. "Financial Sovereignty" It is really no more complicated than that.

Ultimately I expect it to go down to near $3,850 sometime early next year which was the COVID low before all the money printing accelerated everything. After that, it will take about a year or so to get back to its ATH again.

I do think it is a near certainty that it goes below $10k. But I do expect it will go down below $5k.

That is a bold call, it'll be interesting to see if it happens. I might just save up some $$ and start buying if it falls below $10K or so.

Joe