Bitcoin Boom or Bust? | A Rational Perspective

I just want alts to go up lol ill check again next year

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GOLD has physical and people love it , espeically for India woman, even for central bank. that is called HARD-MONEY. BITCOIN is digital. DIGITAL means that Similar brothers and sisters will be there, easy to duplicate. BITCOIN may have limited supply. but the BITCOIN sisters, brothers will have unlimited supply. New tech will generate new COINS. Digital means easy to DUPLICATE. also means UNLIMITED SUPPLY.

BTC MAXIMALISTS will eventually get burned IMO. BTC is the Altavista/Excite/Webcrawler of blockchain.

In cryptocurrency the future is about utility and adoption.

Some euro bonds don't just not have any yield they have a negative yield. You pay them to hold it

Nick's almost angry face: 8:05 , good reply tho

The way I see it no predictions of Bitcoin price make any sense – where do those figures such as $20,000, $50,000, or $100,000 actually come from ? There's no reasoning behind them at all – these numbers are meaningless, because we are not talking about an ASSET here – we are talking about an actual new form of money. The implications for the price in US Dollars are thus completely beyond anyone's guess. If this is actually going to be money and widely used, as it is intended to be, then the price has to be absolutely huge – because its global, its 'market place' is insanely big. So the only predictions that have any reasoning behind them are the HUGE numbers – OR zero, in the case where something goes badly wrong. So many TA's are just splashing around in a little pool, when the thing they are talking about is potentially world-changing – isn't that what it is supposed to be ? Or it this a hobby project ? But being worth $10K per coin would seem to be more than a hobby project. So I am guessing this thing is for real, judging by the size of the industry, and by its continual resilience to threats. So no, I think the crazy people are more likely to be right than the conventionals. Did any conventional get you into this market BEFORE 2017 ? No, the only way you would have got that would be if you were listening to 'crazy' people, and taking them seriously enough to spend money. I listened to
crazy people around April 2017 – and so I got in just before the stampede, and 10x'd, and 28x'd another coin. So people like Tone Vays sell at $7000 because he thinks "we're going lower" – then it goes $14K a couple of weeks later. Then he declares he is a bull, but backtracks from it a day later because of a 30% correction. Nobody is EVER going to make money listening to that man, and they are going to have even less fun. Tone Vays said "we're going lower" in summer 2017, scaring people into taking a small profit – but then it went to $20K. No, this whole thing is the crazy idea that actually worked – and this thing is NOT here to play nice with banking – it is here to DESTROY banking – and that's what's exciting about it – its not just another financial asset with a chart. I started using Bitcoin as an investment – but now am starting to use it as a safe haven asset.

He forgot to mention that US Dollar (and other fiat for that matter ) is no better than woodpecker’s scalps or Yap stones either, in such a perspective. In a perspective in which USD is better than woodpecker’s scalp, Bitcoin is far better than USD.

Hi Nicholas I send btc to friends in Sth Africa all the time but my main purpose is to hodl until it becomes currency. Maybe pay down debts along the way if I can accumulate enough now. But my end game is to wait till I dont have to use FIAT for everyday expenses. I know this could be many years away but I am a believer.
Cheers.

15k by the end of 2019

People continue to compare Bitcoin to things they shouldn't. You are doing the same thing as the author of the article when you compare it to "investments". It was created explicitly to compete with global governments controlled fiat currencies. A competition for storing the value of our labor is happening. Hold fiat money, lose purchasing power. Exchange Fiat for a better commodity money and maintain purchasing power in long term.

The guy who wrote the article is a moron? Ill buy up any bitcoin he wants to sell, or throw away since it has no value?

If people have so much doubt about btc then maybe they should not buy it

Completely agree it’s only so volatile because it’s such a small market right now. 10billion won’t budge the market in a decade. It’s just a shame everyone measures everything in dollars. 1sat could be a can of tomatoes in the future. I’d love to hear your take on the cardano structure, they’re doing amazing work and with economists to make it fit. The staking idea and incentives is amazing although just an idea at the moment at least it’s backed by research

Excellent video. Well spoken and concise. To those who don't understand the definition of money…go back to watching dumb and dumber  lol

I'm Argentinian and well, the economical situation here is very hard. Having a good job, u might earn $500 dollars a month, if have to pay rent, taxes, barely can eat well, and forgot about save a penny. Besides, get a job like that is not easy, so hahaha it's nonsense.
The government doesn't put any restrictions to this investments so that's why I'm starting my own little business. I could earn more money investing in crypto than going to work.

Please make your face video larger a bit. Thanks 🙂

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Here's my thoughts on Bitcoin. It's still a speculative investment as more and more banks and especially the IRS views anyone buying/selling cryptocurrency as a potential money laundering vehicle. A database already exists of those who buy and sell Bitcoin and we all know how that can work out if things get ugly. We all know that big banks are not going to go away quietly so I expect some skullduggery from them in some fashion.

As it stands now, one can't make any major purchases with it like a car, house or real estate unless the seller agrees and that would be an ideal use of it, but doing so is still problematic as the price is still volatile due to a large part that there is more coins to be mined and crypto currency is a new concept for people to fully grasp. Once mining is complete I believe we will see the price of Bitcoin start to level out baring any fiat currency catastrophes. In addition there is no incentive for merchants to adopt the use of Bitcoin unless their is demand from the public or their fiat currency is under extreme threat. If it isn't broke don't fix it. The only reason I see it being used now by some merchants is so that they can make money off of it as an investment vehicle until there are no more coins left to be mined and then they will re-evaluate the continuation of accepting Bitcoin once the price of it stabilizes. They will also look at the market adoption of it's customers which brings me to another point.

Bitcoin is now being perceived as an asset and investment vehicle by the banks and governments and at some point will lead to them viewing it as a deflationary tool when there is too much money being printed. So this would be a great incentive for governments to be more fiscally responsible lest the people stop using fiat currency in favor of crypto because of its value retention. I don't expect it to be practical to use Bitcoin for day to day purchases as it takes to long to complete a transaction and would require a concerted effort to make it adopted by the public. It would be interrsting to see a consortium of banks create their own crypto currency that they control that is tied to the value of Bitcoin as the digital gold standard much like what Facebook is trying to do except that they are using fiat currencies to back theirs.

In addition, governments like wielding economic sanctions to exert control and is a mighty tool that is hard to give up once you have used it with impunity. This might be the sticking issue why it won't be allowed to be adopted on a worldwide scale. Nobody can control it and those in power expect to maintain control. The use of Bitcoin as a currency has the potential to be a game changer however it would require both the governments and banks to be a sleep at the wheel to let that happen without a fight.

Bitcoin can be seized. In 2013, the FBI seized 144,000 bitcoins belonging to Ulbricht the owner of the Silk Road website.

Gold is “scarce” in the sense that it is hard to find, and available in very low concentrations, which means that you have to process a large amount of rock to get it. The resulting high production cost is the ultimate reason for gold’s high value. However, in terms of availability, it is very plentiful. We actually have twice as much aboveground gold today as when the world left the gold standard in 1971. We have seven times more than in 1910, the era of the “Classical Gold Standard.” We have about fifty times a year’s mine production.

I do believe btc will reach 1 million dollars value, the thing is we won't even remember what a "dollar" is by then

1 million per btc is less than USA debts. so nothing

Why tf isnt anybody talking about the double top into the 618 fib level???

Nicholas, I already commented a few times how much I appreciate the content of your videos so I would just like to add that you are one of the very few who delivers this content very well with not only great style but very good English as well. Very rare on YouTube, these days

in venezuela .equador and bolivia bresil too have a massive adotion of the dash !! many store accept dash … so it work for the ppll overther !! i now beacouse i m maried weed a bresilein and i work in france and in august and september i use dash too !!! btc is for reserv to tomorrow … sorry mi inglis i m more french our portuguese !!

they can create paper bitcoin with futures- which creates more btc than 21 mil

bonds will go negative int soon. traders are trading bonds for capital gain now

Boom to moon bitcoin and alts with value for the economy like eth and wabi

Excellent realistic video!! Thanks

Good video ?

Great video, I enjoy the deeper conversations you provide on crypto. I may not agree on all of it but it's thought provoking and I think this is your advantage of your channel.

good luck investing in negative yields

I’m buying under 7500

Could it be possible that another coin, which is more efficient in terms of payment, takes over the #1 spot of Bitcoin in the future? Also, how will the cryptospace evolve; Will there only be one coin "to rule them all" or would we see different coins existing next to each other? I am trying to visualise our future of money, what are your thoughts on these, Nicholas?

Articles like that are initially frustrating, but, ultimately, it's just a reminder that the market is still undervalued, so good news!

I just looked up yap stones, seems they are around 13k each so maybe they are not worthless.

These no-coiners don't need to understand BTC. Let them trade with their paper money, bars of shiny metal, and yapstones in Rekt City. I'll hold onto to my finite, divisible, and portable BTC and have no plans to sell anyway. After all, in the Citadel BTC/USD valuations will be irrelevant anyway.

You're the best

Nick is the Ray Dahlio of our time. The resemblance is also uncanny 🙂

Can you please recommend the best book to purchase to read about trading crypto or and reading charts? Thank you for all your guidance.