No company behind it? Microstrategy owns one in every 16 alone. Not too mention the other big boys. Or the btc that was confiscated back in the day, wasnt that like 4 million or something?
I'm all-in on BTC including retirement fund since 2017-18. Sweep all my extra fiat paycheck into BTC. I just want to beat inflation and have sole custody on a true decentralised network.
Blackrock seeking a Bitcoin ETF while Gensler hammers crypto uh huh. The SEC works for Blackrock, not us worms. The SEC is crushing crypto values to create amazing buy opportunities for Blackrock. If the Blackrock ETF gets approved Blackrock could buy all the available BTC. Our 3x estimate for BTC may be crazy…low. Saylor says. BTC will 10x and then 10x again. That is $1k to $100k.
A 51% attack entails the hashrate for POW coins and would take millions of mining machines and billions and billions of dollars in electricity to pull off. Back in 2019 someone did a video on the math and it was around $3 million per hour in just electricity cost's. So you are right, it will not happen. I got rid of all my BTC but only because my avg was $4600 and put into alt's that will melt faces. Then I will get them back at some point. This video is from 9 years ago on the cost of a 51% attack on BTC. https://youtu.be/bi2thGzzNSs
Love the truth in this video… Bitcoin will reach a million plus one day- this is a sure bet! If you can hang long term and invest money you don’t need for a few years- go for it. You won’t be disappointed.
51% of the hashpower, not supply. BTC is king. Also, nobody could possibly gather enough hardware to do a 51% attack. Your bank machines go down, ATMs, VISA, etc. Bitcoin network does not
Most people would agree that Bitcoin and Ethereum are to two safest crypto’s for beginners to buy. Ethereum is 3-1 to Bitcoin! Ethereum sounds like a better investment if your not a millionaire who can buy tons of Bitcoin
I understand the concept and idea around bitcoin, I just hate it so much that I can’t bring myself to buy it. I can’t wrap my head around how expensive and slow it is. It just reminds me of old technology that don’t really solve any real world problems, whereas many altcoins really do have real world functionality . If I wanted to store wealth, I’d just keep buying physical gold, an asset that won’t crash 75 percent in a bear market.
My personal approach to Bitcoin is to turn PROFIT into Bitcoin. I buy the alts i like to get the multipliers i need to catapult my net worth THEN de risk into Bitcoin. To the poorer retail investor who only has $100 per month you MUST take higher risk initially. Doing a 5X in Bitcoin with $100 is only $500 and with current inflation by the time you get that $500 it will only be worth $300. Utter waste of time and effort. Put your $100 into a higher risk altcoin that does a 100X and you can then de risk with $10,000 into Bitcoin and NOW you are starting to get somewhere. The trick is finding the right altcoin, but thats the nature of the beast when taking high risk.
Thanks for highlighting Kaspa, I didn't really understand what was going on with it, but it's a lot clearer now. It's not the future tech, but it's where people from BTC / ETH will move funds so that makes it a good investment over the longer term.
It's like the speed of light the closer you get to the speed of light the heavier your craft becomes. The more bitcoin you buy in order to own 51% the higher the price goes
I sold out all my altcoins like eth and dot and converted it all to BTC. I agree that the limited supply is the primary reason why it will retain it's status as king in the crypto world. Too many countries are using it as their native currency for it to fail and when mass adoption takes hold and we can actually use it as a mainstream currency instead of an investment, price will moon. What happened in canada was like a canary in a coal mine. Every paycheck now gets dumped into BTC. Not worth gambling on atcoins.
BTC is King no doubt! One idea for those who like to buy alts might be to start with bitcoin and then when their alts start gaining strength against BTC (satoshi value) that is when BTC dominance start to fade, begin buyinng alts with their BTC.
Great video Jon. Currently investing on stablecoins and some undervalued tokens such as $LEVER. I'm sure in the future this will be one of the top crypto, especially on how this platform such as offering more sustainable way of earning market-competitive yields on crypto via utilization-based borrow fees. You should check this out.
Thank you so much for the video! I totally agree! Bitcoin and Ethereum are fundamental. These investments won't show 100x, but it's like investing in gold. I have two questions: 1) Please tell me if you don't think the price of Bitcoin can be manipulated. For example by the same people who created it. In the first 5 years, the reward for mining was quite high, and nothing prevented the creators from concentrating a huge portion of the emission in their hands. Like in the movie Revolver, the older the scam, the more people will believe in it. 2) Have you heard about the BOS and Pagoda launch on Near Protocol? I'm interested in your opinion, on how promising this is for Web3. Thanks!
Hey Jon, Btc was the first crypto we bought , bitcoin seems to have gone from being the money of the future to a store of value, people will hold and not trade, slow speeds also not great for money of the future. I think kaspa could be the money of the future but it works out at 4 kas per person on the planet, my question is ,can kaspa be broken down into smaller denominations like btc can? I'd say this would be needed to work as money
I like bitcoin but I think when the banking alt coins hold the worlds value , you can all the bitcoin whales will dump out into the real money and leave the peoples money behind causing bitcoin to become insignificant.
I think the SEC and big bankers like Blackrock and stock market big guys and gonna crush markets even more and then they buying like crazy bc they need the tokens for their new exchanges
The key is the ripple case. Bitcoin has the problem of use case. Btc is a reserve of value. I don't feel confortable with a reserve of value so manipulated
I guess it depends on your budget For a 1k portfolio i would personally stick alts Over 5k investment i would put 10% in bitcoin, just for abit of safety
Like this comment if you hold some Bitcoin in your portfolio. Comment down below where you see its price at the end of this bull cycle!
Its not the supply but the amount of miners which at current difficulty takes a lot of energy to overcome 50 percent of the hashing power.
We are going to loose investors in crypto with all these delisting's
Don't forget about LTC.
No company behind it? Microstrategy owns one in every 16 alone. Not too mention the other big boys. Or the btc that was confiscated back in the day, wasnt that like 4 million or something?
Thank u for ur honesty Jon and good advice. I like ur videos. Regards from Madrid. Spain.
Every week I DCA into about 6 coins. 50% always goes to bitcoin
I'm all-in on BTC including retirement fund since 2017-18. Sweep all my extra fiat paycheck into BTC. I just want to beat inflation and have sole custody on a true decentralised network.
Hi Jon, I’m holding 400k hbar, bought at $0,58. Thinking about switching 50k hbar to 100k Kaspa. Could you give your opinion?
Blackrock seeking a Bitcoin ETF while Gensler hammers crypto uh huh. The SEC works for Blackrock, not us worms. The SEC is crushing crypto values to create amazing buy opportunities for Blackrock. If the Blackrock ETF gets approved Blackrock could buy all the available BTC. Our 3x estimate for BTC may be crazy…low. Saylor says. BTC will 10x and then 10x again. That is $1k to $100k.
Many thanks Jon 👍
Title didnt mention BITCOIN so Im sure your views Will be OK 😂, I agree BTC good investment. Not sure if it will outperform ETH though
A 51% attack entails the hashrate for POW coins and would take millions of mining machines and billions and billions of dollars in electricity to pull off. Back in 2019 someone did a video on the math and it was around $3 million per hour in just electricity cost's. So you are right, it will not happen. I got rid of all my BTC but only because my avg was $4600 and put into alt's that will melt faces. Then I will get them back at some point. This video is from 9 years ago on the cost of a 51% attack on BTC. https://youtu.be/bi2thGzzNSs
Love the truth in this video… Bitcoin will reach a million plus one day- this is a sure bet! If you can hang long term and invest money you don’t need for a few years- go for it. You won’t be disappointed.
51% of the hashpower, not supply. BTC is king. Also, nobody could possibly gather enough hardware to do a 51% attack. Your bank machines go down, ATMs, VISA, etc. Bitcoin network does not
Most people would agree that Bitcoin and Ethereum are to two safest crypto’s for beginners to buy. Ethereum is 3-1 to Bitcoin! Ethereum sounds like a better investment if your not a millionaire who can buy tons of Bitcoin
They attack those alt coins. Coz they know the potential.
I understand the concept and idea around bitcoin, I just hate it so much that I can’t bring myself to buy it. I can’t wrap my head around how expensive and slow it is. It just reminds me of old technology that don’t really solve any real world problems, whereas many altcoins really do have real world functionality . If I wanted to store wealth, I’d just keep buying physical gold, an asset that won’t crash 75 percent in a bear market.
Always mad respect for BTC, have owned some, but the best tech, founders & profitability since 2017 keeps me in alt coins for pre-bull runs.
My personal approach to Bitcoin is to turn PROFIT into Bitcoin. I buy the alts i like to get the multipliers i need to catapult my net worth THEN de risk into Bitcoin. To the poorer retail investor who only has $100 per month you MUST take higher risk initially. Doing a 5X in Bitcoin with $100 is only $500 and with current inflation by the time you get that $500 it will only be worth $300. Utter waste of time and effort. Put your $100 into a higher risk altcoin that does a 100X and you can then de risk with $10,000 into Bitcoin and NOW you are starting to get somewhere. The trick is finding the right altcoin, but thats the nature of the beast when taking high risk.
Dynex is another SEC resistant layer1 POW. Mning DNX and swapping to KAS over the past month but now see its potential as well and accumulating both.
Thanks for highlighting Kaspa, I didn't really understand what was going on with it, but it's a lot clearer now. It's not the future tech, but it's where people from BTC / ETH will move funds so that makes it a good investment over the longer term.
It's like the speed of light the closer you get to the speed of light the heavier your craft becomes. The more bitcoin you buy in order to own 51% the higher the price goes
Your genuine honesty is appreciated!!!
I sold out all my altcoins like eth and dot and converted it all to BTC. I agree that the limited supply is the primary reason why it will retain it's status as king in the crypto world. Too many countries are using it as their native currency for it to fail and when mass adoption takes hold and we can actually use it as a mainstream currency instead of an investment, price will moon. What happened in canada was like a canary in a coal mine. Every paycheck now gets dumped into BTC. Not worth gambling on atcoins.
I DCA £5 per day into BTC. I just see it as my savings account
Cardano has solved the crypto trilemma
BTC is King no doubt! One idea for those who like to buy alts might be to start with bitcoin and then when their alts start gaining strength against BTC (satoshi value) that is when BTC dominance start to fade, begin buyinng alts with their BTC.
Great video Jon. Currently investing on stablecoins and some undervalued tokens such as $LEVER. I'm sure in the future this will be one of the top crypto, especially on how this platform such as offering more sustainable way of earning market-competitive yields on crypto via utilization-based borrow fees. You should check this out.
HeY Jon, looking forward to any thoughts you have on the John woods interview on Beanstock and the Gilbert's tweet on Quant! Great video!
I will never sell my bitcoin as I believe oneday it will be so scarce we won't be able to buy any. I DCA into it a small amount once a month.
Thank you so much for the video! I totally agree! Bitcoin and Ethereum are fundamental. These investments won't show 100x, but it's like investing in gold. I have two questions:
1) Please tell me if you don't think the price of Bitcoin can be manipulated. For example by the same people who created it. In the first 5 years, the reward for mining was quite high, and nothing prevented the creators from concentrating a huge portion of the emission in their hands. Like in the movie Revolver, the older the scam, the more people will believe in it.
2) Have you heard about the BOS and Pagoda launch on Near Protocol? I'm interested in your opinion, on how promising this is for Web3. Thanks!
Hey Jon, Btc was the first crypto we bought , bitcoin seems to have gone from being the money of the future to a store of value, people will hold and not trade, slow speeds also not great for money of the future. I think kaspa could be the money of the future but it works out at 4 kas per person on the planet, my question is ,can kaspa be broken down into smaller denominations like btc can? I'd say this would be needed to work as money
Wish i had grabbed more at or below 17k , was kinda stupid not to but 25k isnt bad if we're thinking atleast going to 100k
I like bitcoin but I think when the banking alt coins hold the worlds value , you can all the bitcoin whales will dump out into the real money and leave the peoples money behind causing bitcoin to become insignificant.
I think the SEC and big bankers like Blackrock and stock market big guys and gonna crush markets even more and then they buying like crazy bc they need the tokens for their new exchanges
With crypto being so risky, not sure why ppl wouldn't want some safety in there, that's how you get wrecked.
Btc probably @ 125,000 – 150,000 + by the end of the bull cycle
sorry but how do you know theres no one behind bitcoin and its decentralized? please stop saying things you have no proof of
Bitcoin was create by the Government.
The key is the ripple case.
Bitcoin has the problem of use case. Btc is a reserve of value. I don't feel confortable with a reserve of value so manipulated
DOT?
Thx
I guess it depends on your budget
For a 1k portfolio i would personally stick alts
Over 5k investment i would put 10% in bitcoin, just for abit of safety
I have made sure now to now always have more than 50% of portfolio in Bitcoin and Ethereum now. At max, 50% in only 5 altcoins.
Are u gonna talk about Celsius selling their Alts on July 1st or did I miss it?
And jasmy!
Jon what's the ticker for Casper?
Bitcoin is the safest investment in crypto. Next bull run probably a 4x.
Which is great 👍
The "Bitcoin is too expensive" narrative is ridiculous.
Nice video 👍
Hello! Do you want to get a token? Watch the video