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43 COMMENTS

  1. I am getting more and more the impression that Altcoin Daily and other crypto youtubers are paid by the big players to push Bitcoin regardless of factual facts.

  2. So done with this channel…always shilling BTC…telling people "You dont have the guts to buy btc at $9k" just to pump their own bags…let btc do its job and plus you have been talking about btc for so long that it has become boring now !!!! Don't get me wrong…you used to one of my fav channel but not anymore…you guys take the smallest tweets like 0.28 btc and make it a breaking news..and plus you have covered this topic like three times already and you did it yesterday again….few more videos of this nonsense type and I am out

  3. Let’s not get uninformed people.. EIP1559 is in, ethereum will be in limited supply and this is what Vitalik and his devs are seeking to implement
    We all need to know this.

  4. They said same thing about gold. "Get out of paper and into gold to save yourself" Didn't work, did it? Fed rigging gold market. Gold should be $20K/oz. today. It is only $1600. Fed's done good job of suppressing gold hasn't it? How will digital gold (Bitcoin) escape Fed market suppression? It won't. Why do you leave out the masters of the markets in your analysis? It is like talking about gold and not recognizing gold price is rigged by the Fed.

  5. Because there was a hope before. Holding bitcoin, common man, it became barely a collectible. There is no use for
    It and u.s gov officially declared a war on btc. It’s over guys, whales will just continue to pump and dump and youtube chanel like yours spreading a false hope

  6. /*

    The failed economics of Bitcoin (just one of many reasons to hate Bitcoin)

    */

    Imagine a world where Bitcoin is currency and everything is priced in Bitcoin.

    As more people use/earn Bitcoin, that fixed supply will become ever more thinly spread out. This means that individuals will have less and less Bitcoin to spend. Because of this thinning out of the available supply, goods/services priced in Bitcoin will need to reduce in price over time so that people can afford them with the smaller amounts of Bitcoin that they will earn/own. Wages paid in Bitcoin will also need to reduce. This is the deflationary nature of having a fixed supply of Bitcoin.

    What this means is that it will no longer be profitable to invest in businesses or to produce goods or offer services as any likely return will be eroded due to the thinning out of the fixed supply of Bitcoin. It will be more profitable to 'hodl' Bitcoin than to invest it. Society will start its slow collapse, which will feel like a permanent recession that worsens with each passing year. The new 'elites' (aka early adopters) will own most of the Bitcoin supply and wealth while new generations of children will be poorer than ever before and the economy will continue its spiral of destruction from which there is no escape. This is the Bitcoin economy that rewards hodling and punishes investment due to Bitcoin's reverse economics.

    In our current fiat world investment is encouraged as dead money loses value slowly over time due to controlled inflation. New money is created to meet demand created by economic growth and the cost of goods/services increases slowly over time which makes it profitable to invest in new businesses and research because people have an increasing amount of money to spend/invest and the everyone can then benefit. Despite the increasing wealth gap we all benefit from a higher standard of living than previous generations.

    This will be in stark contrast to an economy based on Bitcoin where everything will go into reverse and things will be much worse than in even the worst communist or socialist economy. Slowly increasing money supply and inflation is what drives the wheels of capitalism paid for by increasing economic activity and the decreasing value of dead money that encourages investment.

    Bitcoin is a disaster in the making that will penalise future generations and ensure that mankind's greed will destroy society for all of us. If you care about this, then dump Bitcoin and leave the mexican drug cartels, criminals, and rich investors as bag holders because that is the best transfer of wealth that anyone could wish for.

    A major flaw in Bitcoin system is that Miners will eventually own all Bitcoin as every transaction is processed by miners and so eventually they will skim off all the Bitcoin and the only Bitcoin they won't own will be the Bitcoin they actually spend, but even that will eventually return to them. If you keep taking fees from a fixed pool the pool will eventually be yours. Be a miner!

    Bitcoin is EVIL as it favours the rich and criminals (who can own more Bitcoin) and punishers the poor (who cannot buy Bitcoin). The wealth gap goes exponential!

  7. So you finally agree that BTC’s primary use case is as a store of value? So please name three payment coins that may have the best return on investment?
    Guessing you and your brother still don’t see the use for XRP? Lol.

  8. I wouldn’t be so quick to condemn the altcoins, btc wouldn’t be so great without the tech and that tech is being put to use in other ways by alts….. some may surprise you in time

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