I would rather own Ethereum than Gold & Silver! Bitcoin manipulation Tether FUD, Stellar burn

I would rather own Ethereum than Gold & Silver! Bitcoin manipulation Tether FUD, Stellar burn


Hello everyone this is Adam Meister the
BitcoinMeister the Disrupt Meister welcome to the one bitcoin show today is
November the 4th 2019 oh it still is on the west coast back in us a strong hand
bitcoin is the next Bitcoin value your wealth in Bitcoin but we can talk about
we can mention other coins sometimes one Bitcoin equals one people offended by
selling actively don’t sell that big point for anything its uncompensated oh
yeah you better believe I got a compiled I’ve got the conviction I’m a unique
beast I’m doing a new show here every day in fact today this is the second
frickin show of the day we had a Caitlyn long show on earlier in the day it was a
Bitcoin focused show she was on this week it was from the first time she was
ever on this week in Bitcoin and it’s just her I got rid of the other people I
got rid of me so you can focus on Caitlyn long it is
linked to below that was the show from earlier today yeah you only get that
kind of insider information right here baby
personal responsibility is the new counter-culture hello my elite friends
play this video a 2×2 save yourself some time there’s a tip if you’re watching
this tape okay I want to say I said hello to all my leave friends if you’re
over question-and-answer to all you my elite friends over there you type in
bitcoinmeister you do a super chat I will appreciate it I will answer your
questions here in Adelaide Australia I did my sprints earlier I’m about to go
on a run after this oh yeah two runs in one day two shows in one day pound that
like button you know what we call that around here that’s being in motion and I
want everyone to check out that this week in Bitcoin show with david nage he
talked about family offices it was great you can watch that disrupt meister comm
tech ball comm follow me on twitter at Tech ball te CH B alt right now at the
table I like tip Twitter feed is a classic flashback for 2016 I think what
20 yeah it’s linked to below also it says
flashback retweeted do it right now people and watch that Katelyn show from
earlier today which is also linked to below and I linked to a if you want to
check out the audio podcast versions of these shows I linked to one specifically
though it’s real quick it’s with ran its the Bitcoin focus with ran if you just
want to hear that alright enough let’s get into that let’s get into the real
nitty gritty what’s going on here Nick Carter has a tweet which I love this
sums up so much in the space the Venn diagram of people who don’t believe in
markets the rather see conspiracies and manipulations everywhere has a perfect
overlap with people who are not active in those markets it’s exclusively the
purview of outsiders to claim the markets are somehow false yeah no
pointers no pointers conspiracy theorists yeah very similar there’s a
big overlap people like to come up with all sorts of theories about things they
know nothing about but they have no experience in into not participating it
so what is this what am I getting to hear there’s a new bloomberg article
which is really an old Bloomberg article about an old report which they say is a
new well they think it’s people make it like it’s a new report there’s
manipulation tether manipulation calls the 2017 price spike why must we go
there again well it’s all cyclical the same type of
thought it comes around around again this kind of didn’t free too many people
out and the people commenting on the article in the tweet from Bloomberg I
mean they rip it to shreds I mean if you want to see why this is interesting a
crazed off a crazed argument but here we go here’s the argument a lone whale was
behind Bitcoin manipulation in 2017 Texas academic says it’s linked to below
and so someone in the thread it’s classic does it something like this get
published every six months or so is it the same article and someone says yes
the original author made an update to their paper so blue
is running it like it’s a news story hey man it’s it’s fun it gets clickbait
Bloomberg’s got to do what Bloomberg’s got to do they get the 80 percenters to
get the people saying well I’m glad I’m not I’m glad I’m not in a manipulated
market whatever that means uh-huh I’m glad I gave our own Bitcoin
this is what these articles are for for those type of people good personal
responsibility is a new counterculture you’re the same person comes up with
conspiracies who in the end of the day says oh why why did all these uh rich
people end up with big point it’s just a conspiracy no they weren’t rich
originally they were long-term thinkers and they didn’t give in to Fudd like
this and they actually participated in the markets and what they just weren’t
no pointers like you but hey no pointers conspiracy theorists excuse makers
they’re not in motion that’s their that’s their way I loved what Nick said
about them now moving on here and not miss focusing on this is a story a
little bit more I’m gonna give it two more minutes of attention law master who
I don’t always agree with he says I have now read the entire updated paper by
Griffin and shams shams and I have to say that it’s still riddled with errors
and founded fundamental misunderstandings about how the stable
coin deposits and redemption work there is still no proof that there was market
manipulation okay great great God people will still hey terrified end-of-the-year
someone will be saying yup it’s the price is only going up because tether
manipulation because there’s only one there’s one mysterious guy behind the
curtain they used tether to pump up the price to
twenty thousand look at you can believe that if you want to believe that and
again someone in here says I’m pretty sure the silver market is rigged to yeah
and someone says the stock market is rigged what’s rate I mean what is what
is really real what do you mean what do you mean by rate
I mean is it some good some huge conspiracy no I mean there’s there’s
market players that try to scare people they’re trying to say things they try to
buy up a lot and sell a lot and try to freak people out that’s part of the
market that’s part of the market I don’t believe in this rigging stuff the I
believe it’s all a bunch of you in any market
it’s a bunch of mixture the government comes in does certain things is that rig
it’s it’s a strong word rigged is a strong word hey greetings from a Cape
Town South Africa but I will tell you this bitcoin this game is not great
pound that like but there’s no doubt about that
it’s it’s all out in the open but yeah hey greetings from Cape Town South
Africa beautiful I love Cape Town South Africa haven’t been there since 2015 but
I love all the people of South Africa I am I am with the people of South Africa
I am against the government of South Africa bring that for her horrifying
government down okay that that steals land from its own people redistribute
okay so let’s talk about gold versus Syria go gold in a theory but precious
metals gold silver you know someone just brought up silver and I wanna I want to
bring up something I think there are a lot of people out there that are blind
to the fact that etherium is being worked on there are
real people that are working on a theory now again I like and I and you got to
understand that Bitcoin in the fear are totally different things
Bitcoin is freaking money okay it’s the real thing it’s limited supply okay
store about you it’s a store of value it’s a real store guy that’s not what a
theorem is trying to be at all okay are you right now they don’t even have limit
they’ll have a limit one day I assume but it’s a way to build all these uh
fascinating new defy and the world computer whatever whatever is supposed
to be that’s not what bitcoin is there are apples and oranges and we’ve have
plenty of people on the show say that but I also want to say there’s many many
many alt coins out there many all coins how many have as many people working on
them as as the theory on it none none okay it’s in a whole another world
that’s why I always say aetherium is the next aetherium yeah
I value my wealth in Bitcoin okay that’s I think everyone should value their
wealth in Bitcoin but then we’re going to come to another question here we come
to there’s a theoretical question here it would you rather own if someone
if you could buy something now you could buy either some type of precious metal
gold silver let’s say gold that’s the best one or aetherium and you would have
to hold on to it until at least 2021 until at least two hundred ten thousand
blocks after the Bitcoin all-time high okay
which one would you rather which one would you rather buy right now which one
would you rather buy and then you didn’t even have to and so and then at that
point at two hundred ten thousand bucks after the Bitcoin all-time high which
isn’t in 2021 it’s four years from 2017 which one would you rather have gold or
aetherium now what type of development is going on with gold right now gold is
used as shorts it’s used for for computers it’s used to build stuff he
strode spaceships okay okay it being mine alright not much it’s
not much is changing it’s not really changing the world that much it’s been
doing what’s been doing for years it is a it can’t do that it has a purpose now
what will be going on with aetherium over these next two years okay we’ve got
all these people building all this stuff that I don’t even fully understand all
this deep buy stuff and a lot of it is buzzwords a lot of it is going to bail
easy a lot of this going to bail at the same time if we we go buy a two hundred
ten thousand block theory in two years around November if it’s true Bitcoin
will be worth more than it was before hand and we will be in a Y oldham market
again with all these newbies coming into the space with all these people all of a
sudden interested in cryptocurrency again will that be happening with gold
no no gold will be still gold okay you can say well maybe there would be a
great depression and then this very interesting in order for gold to be
doing well apparently there will have to be a Great Depression the world will
have to fall apart something bad but in order for aetherium debt to do well it’s
it’s building its new stuff here it’s innovation very interesting very
interesting and I am one that believes that we are in any golden age here I am
actually one who believes that so many theories about stuff going horribly
wrong just doesn’t happen we have my entire
lifetime things have just gotten better better better better better better we’ve
had there have been recessions all right did people move on people lose some
people lose some people some great things come out of recessions so great
thing there was uh you not around 9/11 we had a recession out of that came a
lot of great things out of that down period I mean Facebook came around after
that Google really went to the moon after that things happen things keep
getting better here so I want to say that a theory of people like to say that
Bitcoin to gold they’re like they’re like friends well how exactly are they
associated you I mean they’re stores of value indeed but how can I can I easily
turn my Bitcoin into gold can I turn my gold
it’s a Bitcoin how can I do that you’ve got to go down to the corner store that
has comic book guy working at it okay you see comic book guy working at your
gold place he’s got his butt cleavage hanging out and you say okay comic book
guy here is my gold I need Bitcoin no I’m not going to you
BIC when I give you some dollars and then he decides how much it’s worth
although these are and it’s not what it’s worth on your computer when it’s
listed it’s what comic book guy says when he I think he’s gonna make sure
it’s real so it’s gonna take a little while now let’s say I have some
aetherium and I want to turn that in the Bitcoin I go to bisque I anonymously do
it in two seconds okay there is there some liquidity here between any
cryptocurrency and big coin I mean this is one of the glorious parts of theory
or or any really any cryptocurrency why the original inspiration for this video
is if there was a video someone was asking me about gold and I said I’d
rather have like coin and I think the reason I said that is because you know
if I had like when I couldn’t ring I could turn it into Bitcoin so easily
same thing with the theory you could turn it into Bitcoin so easily
a theory of and bitcoin are friends okay like it or not they they’re apples and
oranges they can be turned into one another anonymously two seconds on
bisque you don’t have to wait around comic book guy doesn’t have to do it you
don’t have to go to a physical location this is what I’m describing about gold
in the big coin this is the old world why do we even what is what’s up with
you mean you could be in that or old world but do you see why
ethereal is in that new world there you don’t have to worry about what comic
book guy says it’s worth you it’s on our business a real exchange is what the
market says it’s worth it’s what the market says it’s worth right so there’s
there’s a positive for aetherium also you turn it in the big coin in two
seconds you don’t have to rely on comic book guy to tell you to say oh this is
fake or I’m gonna give you half the price sir you just gonna take five days
so yeah theorem is part of this digital golden age and I would have rat in 2021
right now I would rather have a piece of the digital golden age than a piece of
the pie from the doom past the due pass that never worked out the doom that
never happened in fact I mean you have to think in terms of young people today
I mean what are they gonna be what are they gonna be a part of the digital
future or the doom past that never happened
destruction doesn’t happen in reality that’s what I was saying before
innovation does sure we have minor destructions here there and whatever but
innovation is what keeps the society growing we do not have major you know we
have world wars and everything like that do you think that’s happening to the
United States still would that be I mean do you want to be involved with
something where I’m giving the gold because I think there’s gonna be a
thermonuclear war I mean you can have bigger problems you can have bigger
problems innovation happens destruction it’s happened in the past wouldn’t worry
about it too much but yeah theoretically you could have so much could go wrong
theoretically theoretically I’m into reality I’m into Bitcoin and Bitcoin is
reality cryptocurrency is the reality here young
people innovating with aetherium young people valuing bitcoin also people
having aetherium conferences again you might not like
Vitalik you might not like this a dictator over a cryptocurrency but hey
bitcoin is living Gold’s dreamy ball so that’s another thing
and any people gonna ask me a lot silver and other precious metals it’s just as
ridiculous as gone I mean now innovation versus Peter Schiff now go back to the
dictator aspect of again I wonder I want to remind everyone this is all
theoretical I’m not telling you to buy aetherium at all
I’m telling you bitcoin value about the Bitcoin I’m the bitcoinmeister I got the
big coin right pound that like button now because some people get confused
okay so someone here says there’s a little argument going on over there
we’re not going to say that here we going where we going here innovation
versus Peter shit oh yeah China dictators now China is China
successful yeah China is is successful with what they do they’re not a
democracy at all do I like the way China operates no but with their dictator type
of Politburo type of leadership we’re just they a lone few make
important decisions it’s very efficient it’s very efficient and okay I’m glad we
don’t have that in Bitcoin at all that one person can just say no we’re going
to go in this direction we’re gonna go in another direction but it is efficient
they have a dictator in aetherium so I’m gonna tell you they’re scaling problems
there are problems that everyone keeps on putting out up putting out there that
there goes that you know all these people are saying the theorem is gonna
fail no their dictator will figure out a way he will say this is the way it’s
going to be they will fix it that’s it ethereal is the real corporate coin
because it’s it’s not it’s not BS like like Ripple okay Ripple dreams of being
accepted by mainstream and big entities like a theorem is and will be an
ethereal you can actually build on and again corporations are gonna have like a
theorem because they think it’s gonna be the next Bitcoin they have a lot of
saying it they like that a dictator could just say this is the way we’re
going to go they can build stuff on it’s early can you do that with ripple
so a theorem is its do I’d like corporate coins do I’d like cones that
are going to balance in the way of a of corporations possibly no but it did
people value that stuff okay we’ve had guests from the show that that have
talked about the etherium to build the private blockchains what do I believe in
all that stuff do I believe in all this Pope words no but this is what’s going
on right now this is the reality on the ground so a lot of this stuff is failing
it’s gonna fail that they think you would a theory but there are a lot they
tremendous and this is the future clearly clearly this is the future
what’s go what’s gold what do you it’s just around the corner
it’s gonna go to the moon everyone’s been saying since 1982 blah blah blah
what would be again it has some industrial value but what where’s the
real outside outside is in the downside of the world if the world freakin has an
initial award then yeah it’s great to have gold you really want to be in that
world I mean this is it’s unbelievable but it this is for the doom and gloom
earth gold is truly for it’s such a negative space to Buuren because
everything around it for it to succeed things have to go wrong an answer winner
said that he was so happy once he was in the Gold Bug anymore once he got the
Bitcoin space because there were so much positivity and around the theorem
there’s a lot of positivity too there’s so much potential in there so no
doubt about it if you handed me a theory on more gold I would really let me have
that aetherium please give me that a theory give me that
because I mean if worse comes to worse at all Sony dropped after 2021 and
returning the Bitcoin in one second gold you can’t even do that so yeah so how
likely is gold and silver to do well in this modern real world not the fancy new
world not the fantasy new world in the modern real world that keeps on getting
better and better better how like how likely are the youth of America are
going to be like yeah I got silver I’m stacking silver it compared to the
reality of people building stuff on a theory
these young kids learning about technology right now the real world
beats theory the real world beats theory we’re go wake up look outside look
what’s going on there’s a fear I’m walking around Tel Aviv people are
talking about a fear and people haven’t etherion Congress are they buying gold
is the world falling apart is there a nuclear war No so I want to end this
topic on a guy I had on the show before Chris black and Chris is a smart guy
he’s a marketing type of guy he likes Bitcoin he’s gone toward that defy
etherium side of the world and oh good like some was got a question about Max
Keiser I’m going to answer that question miss he’s a do more to max is really a
dude on a certain level I’m not a fan of his at all but and he’s a clickbait he’s
a click Boehner but the Chris with Chris black he’s got a video that I link to
below it’s about defy and an innovation and aetherium and he likes this his
business he likes a theorem I like big but compare the tongue of his video to
the ones of a Doug Casey and all the other gold Peter Schiff all
the ones that talk about gold what’s the one not I can’t remember his name
anymore the one that andy andy hoffman used to be on this show i haven’t
watched it for so long he’s a good guys from the midwest he’s
from Missouri he’s a nice guy but the tone of all these doom and gloom shows
about gold the ones all the videos you hear about gold about old gold is going
to be it all involves something Greg hunter Frank hunter I can’t think of his
name but compared great hunter theme show to tone the tone of the show to
what this video that Chris has out there and there is there is just no comparison
there is no comparison so yeah I would much rather be involved and with the
fury of them big coin hold etherium they’re not sharp sorry I did was think
pal Mac face I would rather sum of I use that clipper gets you
Russ rather be involved aetherium than gold and aetherium is but we’re positive
in gold so going so fast here we don’t stay in the past we move to the future
and sometimes when we’re moving through the future like with the dot-com thing
with all that experimentation experimentation there are huge mistakes
but we’re moving to the future we come out stronger we’re not waiting for
things to get worse we’re just rolling with the punches going toward the future
and yeah that’s right that’s why cryptocurrency as a whole is
positive that’s why I have no problem with people doing icos and this that the
other this is where the big boys play did your own research
you know what bitcoin is the real thing it’s gambling with the others and yeah
it is gambling to a certain level with etherium but a theorems clearly the
Nexen theory I’m also I’m not going to stifle honest and innovating I’m not
here to stay for honest innovation and that’s that’s what’s going on with
etherium there is honest innovation there Bitcoin went through the trials
and tribulations of scaling and drama in 2016 and 17 and people said that it was
gonna fail them and but ever and then people said it was much stronger once it
made it through its scaling debate and then no other coin had come close to
even going through those trials and tribulations and those tests and
aetherium is going through all of that right now and it’s going to make it out
but it’s got a dictator it’s got a Politburo they’re gonna do it
differently I don’t like the way they’re doing it how they’re gonna win they’re
scaling debate how they’re gonna fix it how they’re gonna make it work they’re
gonna make it work because they got a dictator
just like China makes it works pounds that pound that like button again
Bitcoin is the one but I would rather much rather have aetherium think gold
any other day of the week okay and yes so both of them big coin at aetherium it
can exist in the same word world they can thrive they can survive in together
and III do want to point out that tapi arrow of the tapi arrow trillion dollar
line caitlyn long finance people like david nage they
all talking about this they have mentioned aetherium in various ways
they’re not blindly saying blockchain not Bitcoin they’re saying you know a
theory I’m D Phi D Phi can be a little catchphrase e and everything but no
there there are people in the finance world that are putting lots of money
into this D Phi thing which is all based around a theory so that is that alone
shows you are they all flowing in the gold or they’re saying gold is delayed
there’s some people they’re like let I want to protect my wealth with gold okay
and I understand I understand that with a certain basic level I want to prep but
E you’re just protecting yourself alright and the only way it’s mooning is
if we’re going down the toilet okay and we’re not going down the toilet
innovation is coming and you want to be it’s just like it back in the day if you
were saying well this Google thing I don’t exactly understand what they’re
doing this Google stock it’s all about innovation I don’t get it what you know
Yahoo is a pretty good search engine isn’t it I would just rather have gold
then then Google stock you know that was a tremendous mistake you want to be
around the innovator it’s not the past all right so here’s the question Robert
a Wilson said did you hear Mac’s Kaiser’s insider insider info about
China revealing soon previously undisclosed hoard of gold plus the
digital RMB being backed by it I have heard people mention it I think it’s
total BS I think it’s total stuff to get doing
foreigners to keep on watching him we will never know if Jeff who cares if
they buy a bunch of gold and back a crypto buy gold what does that mean what
does that mean it’s nothing that’s nothing it’s not a real crypto currency
it’s AIT’s a catchphrase it’s all these do and God and the people have been like
emailing you about the stuffer the sending me the DMS or whatever it is
nonsense it is gene it is ridicu tears about China buying gold who cares and
whether it’s a secret they’re really connecting their
cryptocurrency to their magical stash of gold they have so much gold who if
you’re so much cold what does that matter in today’s world
what does that matter in today’s world seriously as a country the united states
of america can crimp up all the dollars they want you and that means a lot more
than China buying up a bunch of gold that’s the reality on the ground it
doesn’t matter if you’re hoarding gold and you’re gonna connect it to your
magical centralized RMB cryptocurrency or whatever that’s not how the world
really works the 80 percenters value their wealth of freakin dollars from
Zimbabwe the frickin Detroit to LA to wherever to my cousin the east to
Eastern Europe they’re not magic gonna say oh I’m gonna get in the ring MB now
because of gold and China and China who cares it’s any spine not even happening
these guys at Max Keiser have been talking about this gold chunda nonsense
for years and the United States just gets keeping getting keep gets more
powerful the people get more richer more spoiled every single day by printing up
those dollars and the smartest of the smart of those Westerners getting the
big point busy that’s not gonna get inflated the way that’s not going to be
controlled by China China’s wind China’s will or whatever alright so I think it’s
absolutely ridiculous that people take that Max Keiser BS seriously about
shining gold we can hear him it for so long
go ahead make my day and make the secret announcement about your goal that crypto
it’s nonsense it’s so it’s such nonsense it won’t do a thing to the world and
won’t do with wood china shook a real a real thing to try to show you they
should be buying Bitcoin that would make them a lot richer that would make them a
lot richer okay they’d have value they’d be buying more tanks to suppress their
people but the whole gold and rememba thing yeah they’re not that’s not gonna
stop their people from rebelling against them eventually which they eventually
will they eventually will there but Pak Chinese week for that reason but their
people are not free they’re not people are not free that that’s the magical
thing magical thing that that’s that’s holding them back alright if they
actually were free if they actually let people speak if they didn’t put people
in concentration camps but Muslims and cats
camps they be in a much better shape with with their Kirk their curtsy has no
valid outside it outside of China has no value outside of China none of that
completely ridiculous all right but again mu max this is who max appeals to
to people who believe in conspiracies I believe that the whole the United States
is going down the tube and the whole the whole dollar based world is going down
the tube he hates the United States he hates the
UA says he hates the Western world Max Keiser and I for that I’m not a big fan
of his at all not a big fan of his at all why does it max take some more money
from Iran why does it he takes a more dirty money from Iran that piece of crud
Max Keiser with his China and gold predictions you should go live in Iran
alright that’s so that’s what I think about the nonsense from people like him
complete nonsense and again people he likes Bickley that’s great and that’s
the beauty of Bitcoin someone who’s an enemy like Max Keiser and who would be a
personal enemy of mine he can earn big he can talk a bit quick and it just
makes me richer that is the beauty of Bitcoin but talking about secret
cryptocurrencies of China and then buying gold
it’s nonsense he makes no difference to you and me at all and they won’t even be
able to oppress their people any more more so with that nonsense
none be in whatever alright so and yeah it is unfortunate to China precedent I
I’m totally against them oppressing their people and and but it is it is a
phishing currently having their dictator over there it’s very efficient way to
run a country and you just would you just say hey we’re taking your land
we’re building a subway we’re building a new city on your land that’s it you can
do nothing about it but these America haters it’s so based
on Western hate all these weird predictions about gold and China it’s a
it’s clearly it’s envy it’s envy of the Western world everywhere everywhere I go
on this plant they want to be like us in the United States they want to be as fat
and rich as the Americans okay or as the Australians are as the New Zealanders or
the whole Western Way of life all right that people right now it’s become so
comfortable this world that people enjoy disease I mean like worrying about
transgenders is big thing I mean your life is over if
some transgender personally California that you’ve never met is being you can’t
cut themselves off or something like that I mean this is the spoiled Western
world that we’re living me how wealthy enriched we are right now and it’s it’s
gonna get yeah there’s a lot of decadence II in it but it keeps on going
it’s fueled by that dollar people value their wealth in that in the dollar and
people aren’t going to stop that and bitcoin is gonna stop them from doing
either China is not gonna stop them Bay because 80 percenters people want stuff
people want stuff the 80 percenters wants stuff you know that you can see
and so you could be on the overlay you don’t have to worry about all that
nonsense to keep up with the Joneses but people are gonna keep on keeping up with
the Joneses that’s what values that’s what puts value into the dollar the
consumer economy that’s what keeps it going and the whole it’s it’s not
falling apart people are always going to want more and more and more we’re going
to keep on having innovation yes we’re sure they’re gonna be slips in the way
so on that note Nick Carter not on the no comment like when he talks about
stellar burning itself alright that they had a bunch of stellar they got rid of
it I’m bringing up this story because I thought it was an interesting experiment
would be private burnt some of their there’d be private so when I’m gonna
coin burns itself it just gets rid of some of its tremendous
they tremendous amount of it that’s out out there it’s supposedly should call
some deflation and the price the value of the stellar should increase so it did
increase a little bit but here we go go I’ll be the first this with Nick set
I’ll be the first one to point out the fact that X that stellar is only 20% of
the news 20 is only up 20% on the news instead of a hundred percent that 50%
supply is being where is this is being burned is solid evidence against the
burns are deflationary thesis so they burned 50 percent of their freakin
supply and it only caused whatever at 10 percent jump or something but again and
he says on the one hand they burned the lumens they burned the stellar on the
other hand a single entity had unilateral discretion over 50% of
the supply so that does a huge but that’s something hugely consider too for
all you Alcorn speculators who want to get into nonsense huge numbers in so
many Stellar’s out there and then also one day some dictator to say okay yeah
we’re just gonna get rid of half what else does that mean that they can do
what else I mean who know that’s why you don’t
mess around these off lines that’s why you don’t hold these off points but you
don’t know what with the their so based on nothing and there’s so many of them
and they have to try so many gimmicks that you don’t know what gimmick their
dictator is gonna cause the dictator is gonna pull that so yeah another reason
not to gamble people tell me a stellar and rippling
nonsense like that and finally finally we got uh see we got a we got a a
LinkedIn story that I did someone copied me on on Twitter and it’s what’s it
called fuel the the middle-class fuels the the American system basically and my
opinion is that the middle class is he talks out the middle class being the
battery of society and I said I agree I think the middle class the United States
is the battery the power society and it gets tapped into through taxes and they
can opt out in the Bitcoin they don’t have to be the battery of the of the
United States of America anymore I mean they their power is just getting totally
sucked on by the United States it’s what what keeps the system going as I alluded
to before some will get into Bitcoin but most one and the system will continue as
I said and I like this guy’s battery comparison comparing the big comparing
the middle class of the United States to a battery so check that out that is
linked to below there the Energizer Bunny they keep going and going and
going people keep yeah you don’t have to be there you don’t have to people
keeping up with the Joneses you’ve been getting to the big point overlay you
don’t have to be the battery of the United States anymore but most
middle-class or 80 percenters they want to impress the wife the kids they don’t
have the next big car that keeps the system going and it’s going to
continue that’s human nature they won’t stop they want freaking stuff
you don’t have to want stuff being individual you don’t have to be the code
part of the collective of stuff fitting in is overrated but it’s hard it’s hard
to to be an individual and getting outside the system and it’s always fun
to buy to buy into the mainstream or to buy into the conspiracy series to blame
the blame and gain the blame game yeah I’m not down I’m not down with any of
that I’m down with personal responsibility China isn’t controlling
me Bernie isn’t controlling me I’m controlling and if I lose out it isn’t
because of some magical banker or some magical conspiracy I did something wrong
I’m gonna and if if something changes in the environment I’m going to alter my
way so I can continue to be successful take responsibility of your scope over
yourself don’t try to come up with magical whimsical theories that explain
away all your problems and you know looking forward to the net you know if
you look forward to the whole world falling apart
again with the Max Keiser way of thinking because that’s hey that’s where
you do be my guest you think China’s gonna you know destroy
everything the whole world’s the United States is horrible we’re the evil empire
blah blah blah dollar dollar going down the toilet saying that for ten years all
right okay and so Robert says whereas I mostly
agree with you I think we are about to see events of similar character
ultimately driving the smart money and attention to the inevitable BTC I think
there will be there could be events I mean we’re constantly you know housing
prices are constantly going up they’re constantly going up because they 80
percenters buying into the inflation game they’re constantly going up so
smart people should instead of buying real estate they should be getting in
the Bitcoin and so will but it’s not gonna be this huge like everyone’s good
there’s not gonna be hyper Bitcoin ization
there’s a joke there are there are inflationary aspects of the economy
are the hyperinflationary no they’re not hyperinflation there in the United
States and so yeah that’s what I say 20% there’s real wise up but the 20% ur
producer term it’s very important to analyze what that means
20% means at most only 20% of the people are smart enough or awake enough to know
to even get into this type of thing so and how many of them will actually do it
so that’s why you are so special out there if you’re already in the big okay
you already know I’m not playing this game anymore
I don’t need to fit it anymore I don’t need a disaster or a semi disaster to
wake me up to get me into this I don’t I don’t need to be a you know to have had
my bruce ball in and then have to take out loans to fix the house that I’m
already in debt in to know that I should have been valuing my wealthy mega
mansions the true mega mansions that I have that I can’t maintain that I should
the value in a dignity so I just I don’t believe in catastrophic end of the world
events that we get the whole world in the big coin I believe in that the smart
smart money smart entities will get the Bitcoin and they will benefit incredibly
and smart entities will experiment with all sorts of crypto and they will
benefit incredibly but some is some will be failures just with leg with the
dot-com thing you look back on the dot-com era and so many people became
incredibly wealthy if they got if they got into the solid ones if they got into
Google if they got into Facebook if they got in in the Yahoo and eBay and all
that stuff there’s so much potential and that is growth that’s all based on
innovation this is not based on this destruction mentality that so many
people are addicted to that I am so against you can see how passionately i
rail against people like Max Keiser and and other people who just base their
whole base everything basis uh their whole persona around things falling
apart around destruction destruction of the Western world other insanity all
right that’s that’s not to be celebrated that’s nine old celebrate destruction at
all I celebrate innovation I am looking toward the food future I am not looking
the past in gold and all of that stop it again yeah there I mean I’m not saying
gold is a valueless see it’s got value obviously all right today but the
original again but the question was the theory Mr Gold hold it now until 2021 uh
definitely I would be a theory I’m over gold I’m at my sort of big flow measure
disrupt meister remember justice fry this channel like this of your show this
way check out the links below found that black button click on these squares
we’ll have a new show for you tomorrow again check out the caitlyn long show
for earlier today see you guys bye

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About the Author: Maximilian Kuhn

17 Comments

  1. Man Adam. Dude. I think your losing your mind and/or extremely uneducated about the fundamentals of the Precious natural resource industries….

    Adam!, Most expert economists would agree that precious metals markets have tremendous potential going forward.

    Bitmeister, You need a major in economics from a prestigious economics program at a prestigious organization because right now you're misleading people! You had high hopes for 2020 for this crypto / Fiat Bitcoin you claim to be with Bitcoin 100%… You're acting crazy! Snap out of it!

    * You will need Tech. to generate crypto, you'll also need precious metals to manufacture such technologies… Let's get real, Adam. Come on

  2. 19:45: This is the point that the Preppers/Gold bugs miss.

    In a digital future, where Bitcoin as the hardest money wins, gold will lose most or all of its monetary premium and be priced at industrial use value.

    Gold's price is made up of about 85% monetary premium. (i.e. subjective value)

  3. At this time in history people should own some bitcoin before gold. The risk reward ratio (sharpe ratio) of bitcoin is too good to miss. At best gold might reach $20-50k per Oz but bitcoin is on track for $1 million +

  4. Gold is a valuable hedge to protect you if bitcoin fails. Also bitcoin can be converted into gold fairly easily online with companies like SD bullion.

  5. I like Bitcoin, Eth, Gold and Silver… If I want to turn Bitcoin to gold/silver I just buy it straight up w/ crypto at jmbullion.com . If I want to turn precious metal into Bitcoin, I go to the mall, sell it to the Pittsburgh Gold Buyers, then turn that cash into Bitcoin at the Bitcoin ATM at the same mall…. My savings portfolio is 65% Bitcoin, 15% silver, 10% Eth, 10% Gold… I think crypto is a much better investment. Precious Metals is the SAFEST store of value. Just a little too much risk in Bitcoin compared to Gold. I just don't think ANYONE should have all their savings in one basket, but hey, that's just me.

  6. Some logical fallacies in this episode:
    1. False dichotomy. It doesn't have to be Gold OR BTC. You can hold Gold AND BTC, as the very intelligent Trace Mayer does.
    2. Normalcy bias. The assumption that the future will always be similar to the past. The citizens of the Weimar Republic of Germany probably thought the same until hyper-inflation took hold. These are very odd times economically with negative interest rates appearing around the world, something that would have been considered "bizzaro world" a few years ago, US debt over $23 Trillion (and that's just the admitted amount), the Federal Reserve back doing "not" QE4. There will be another crisis like 2008, but much worse – it's just that the exact timing of these once in a century events is hard to pin down.

  7. You think Adam is passionate at 1x speed IRL? Pfft try him at 2x and see the Meister go off! Love the vids Adam. Strong hands.

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