Can bitcoin be a good store-of-value while still being a risky investment? Why is it a bad idea to over-emphasize the investment aspect while undervaluing education about the technology?
This talk was delivered on June 19th 2019 for the Scottish Blockchain Meetup at Craiglockhart Campus in Edinburgh, Scotland: https://aantonop.com/event/community-event-edinburgh/
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money” series, and “Mastering Ethereum.”
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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
German, ‘Das Internet des Geldes’ (v1) – https://amzn.to/2LEiyqO
German, ‘Das Internet des Geldes’ (v2) – https://amzn.to/2VCzse5
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM: https://amzn.to/2xdxmlK
Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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I dream of the Federal Reserve only being used as a prison to house political, and banking industry criminals. However, we're gonna need a bigger prison!
Who is the guy asking questions and commenting off camera ?
Epic hilarious video! But on the serious side, Andreas your honesty is to the Moon and it deserves a Lamboo!
bitcoin's price value is over 9000?!!!! hahaha old memes are still funny
U have just found you're videos, love the info. Please. Can you do a short on why you don't like xrp?
Precisely the correct response.
Actions speak louder than words.
In a world of people looking to step over others for their personal gain, Andreas remains a neutral and helpful educator. Thank you!
Nailed it. He always gives consistently good and intelligent answers.
There's a digital gold rush sweeping the globe as investors try to cash in on Bitcoin, the notoriously volatile cryptocurrency. Getting involved yourself is easier—and riskier—than you think.
Do is he does, not as he says. He's massively invested in Bitcoin and for good reason. We will hit 40,000 in 2019.
Andreas M. Antyolopoulos
Andreas, please talk about the cryptocurrency known as tether and its impact on bitcoin adoption.
we all know it's going to 100k
If we do not invest in BTC how will we otherwise use BTC. So of course its a wise investment. BTC is in its very nature an investment . We can not treat it like the old failing model of wallstreet and keep exchanging Fiat for BTC to only turn it back to Fiat . None the less, ultimately, bitcoin will evolve and its up to us to figure how to make it work positively .
I bought at the high since 2013.
Had some huge losses along the way.
But overall glad I did it.
Hi Andreas, would G20 FATF affect cyptocurrencies in general?
In other words, do your own damn research and don't listen to what some guy on a podium tells you to do with your wealth.
But in this particular case, he's wrong. 😉
YOLO
Andreas yells “YOLO” at the 1:03 mark. Love this guy! There is the concept of risk vs volatility and the point I get from Andreas is that they are not mutually exclusive.
Absolutely Excellent ?
It's not an investment, it's transferring your wealth into another currency.
I'm Russian and Scottish is my favourite English accent, idk why.
🙁 sorry for my poor english bit i did not understand ad 1:07 "my investment strategy is very simple…."
"Your loan"?!?!
pretty clear he thinks its a good investment, but doesnt want to encourage anyone to potentially lose lots of money
What about tether theory pumping the market??
Its not a good investment, its a risky investment. High risk, with the chance of high reward, or no reward. Gamble.
Hilarious, i love this space. Keep doing what you're doing andreas!
Seems like he's not thinking this through. Bitcoin is a high risk, high reward investment. I can understand him hesitating to recommend others to invest large portions of their portfolio because that's a stupid thing to do. The fact that he won't recommend 1-5% though… seems more risky TBH.
How many people got hurt between the 600-9,000? The ones who couldn't afford to invest, the ones who invested too much and backed out when bitcoin took a cycle dip. Don't invest more than you can afford to lose, end of story.
I think the most accurate statement I've heard was something along the lines of being completely out of bitcoin as in holding zero is just as risky as holding an absurd percentage of your wealth in it. It's a calculated risk and the odds are pretty good as compared to other stores of value. Of course it's a lot more unstable but if you're not holding what you can't afford to lose then market cycles are just background noise.
"crypto", you can't say bitcoin or something? shitcoiner