Does price volatility negatively impact bitcoin’s use as a store of value? What contributes to volatility? Are there cartels in the cryptocurrency markets, manipulating prices? Why did so many people buy into bitcoin at the end of 2017?

These questions were part of the monthly live Patreon Q&A session on March 31st. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
Price volatility, pegging, and stability – https://youtu.be/9KPyflyHP6s
From barter to abstract money – https://youtu.be/KYsppZoHguQ
Bitcoin as everyday currency – https://youtu.be/xYvvSV4mjH0
Wallet design and mass adoption – https://youtu.be/WbZX6BDZJHc
Decentralised exchanges and counterparty risk – https://youtu.be/hi_jaw0dT9M
Inflation and debt systems – https://youtu.be/6CwxHiKf27A
Geopolitics and state-sponsored attacks – https://youtu.be/htxPRTJLK-k
HODLing and the “get free” scheme – https://youtu.be/MhOwmsW1YNI
The Internet of Money: Five Yeas Later – https://youtu.be/6xIq0FdmsIA
Beyond Price: Bitcoin’s Impact on the Future – https://youtu.be/rvwVbRQ5Ysc
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
Blockchain vs. Bullshit: Thoughts on the Future of Money – https://youtu.be/SMEOKDVXlUo

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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44 COMMENTS

  3. Thanks for all the knowledge and content you bring to the community! I know you shy away from price predictions and ICO's but what are your thoughts on niche projects like muirfield IP for real state and fr8network and cargocoin for shipping? Overall, you think the precise projects will create healthy competition?

  11. Hi Andreas,

    I'm studying android development and I was wondering if you could share some interesting open source projects out there for android app developers. Also, I have a Nexus 5 as well if you still have yours.

  16. Speculation does not make Bitcoin more volatile, it is in fact the opposite. Without the liquidity of speculators, Bitcoin volatility would be much higher at this point. Speculation is akin to anticipating future uses of Bitcoin, therefore it anticipates its future price and stability.

  20. I noticed Gold and other commodities that are considered store of value for hedging now, were and some still seem very volatile short term as well. Long term is what matters. If you care about the volatility then you should be a day trader and in that case you should love it.

  24. I travel to my country evry year and i buy gifts for everyone and always it is wrong color or wrong size or they just don't like it, so this year i am going to give everybody some crypto ,

  30. Always a like from me! Thank you for sharing your wealth of knowledge! I try to watch every video and sometimes I need to watch it 2 or 3 times before I understand some of the new information!

  32. I think bitcoin price IS manipulated (by stuff like Goldman Sachs and deep state) , and I thought it was while it was going up as well as down. I'm not saying it's not natural it's going up and down but it's also messed with in my opinion.

  35. Nice one! I'm an old Prepper / Silver stacker, sick of the insanely huge scams that the IRS, Federal reserve, and Social Security (among others) have been playing on us all our lives. In the past I satisfied my anger by ramping down my spending, paying down the mortgage on my old condo and stacking silver. Every time a dollar changes hands the local government takes 10% from you and the feds take about 20 or 30% from the person you hand it over to. It's such a heavy load that sucks the life out of everyone and I'm sick of it. Living a frugal lifestyle is one way to slow the velocity of money and decrease the amount of your energy that you're contributing to their system. I've been lucky. Here in my state you can buy silver without sales tax. It's just considered to be another kind of money, so all I'd pay is the markup the coin shop charges and I could turn my cash into silver. Then I found bitcoin. It's every bit as awesome as silver but a lot lighter and more useful as a currency, so I started stacking bitcoin. At the peak of the bitcoin price I might have been able to retire early (but it would have been tight even with my frugal lifestyle) so kept my diesel mechanic job and I've been continuing to stack bitcoin. I live comfortably on 35% of my take home pay, leaving about 2800 a month in surplus income. I typically dump 1000 usd into bitcoin every paycheck, buying more as the price drops. Then eventually during the next bull run I may consider an early retirement once again. When I do retire I'll sell my paid off house and relocate to a nice rural area, grow a big garden and my spending will be almost zero. I'll look into trading my mechanic skills for locally produced goods, eggs, meat, fruit, ect. And the amounts of btc I have to cash in to fund my medical insurance and my modest needs will be so low that (at the long term capital gain tax rate) I'll barely be paying any taxes at all.
    Today is my Saturday. I'm replacing the water pump in my car. It's a transverse mounted engine with the timing belt cover right up against the passenger side fender and it's a pain in the butt but if I do it myself I don't have to pay a ton of taxes that inflate the prices of automotive mechanic shops to such a crazy high level. Every time you hold onto a dollar rather than spending it, it makes you stronger and takes power away from the elites.

  41. Andreas my question is about those 2 billion people who doesn't have any banking access. How are they entering the bitcoin community if they don't have that? Most of the crypto exchanges use credit cards or wire transfers to exchange fiat to crypto. How can these unbanked people buy Bitcoin? Will be there enough ATM Bitcoin machines to exchange printed money to Bitcoin?
    Here in Switzerland our railway ticket machine can exchange Swiss francs to a Bitcoin smartphone wallet. No need for banks. But what about less developed country's? Cheers.

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