Value your wealth in Bitcoin. Never cash out. Think 2020

Value your wealth in Bitcoin. Never cash out. Think 2020


hi everyone this is Adam Meister the
BitcoinMeister the Disrupt meister I
want to thank everyone who has been
sending Bitcoin my way
the address my bitcoin address is below
this video in the comments section
you should read that first of all I and
thank you specifically the Henry I a
really great viewer has been around for
a little while we are growing and I’m
I’m really proud of this channel and in
the videos that I’ve made because i want
to change people’s mindset about Bitcoin
so that they could think in a different
way so that they can get more Bitcoin
and that’s this video actually is about
valuing your wealth in Bitcoin and never
cashing out but a little bit
remember to subscribe to this channel
share these videos spread the word about
pound having hype on social media so we
can all do well okay but if you spread
the word about the having through the
pound having hype hashtag and get the
media to write about this having that’s
coming up in July
it’s going to help all of us is going to
we’re going to try to get this price of
the seven hundred dollars and we can it
can be done through marketing i know a
lot of you don’t believe that but it can
media plays a role in all this I won’t
get into all that now so anyway
also watch my old videos i think there
are a lot of entertaining ones you could
really learn some things i think i made
some interesting predictions but there’s
just some interesting stuff and I i I’m
proud of my old videos to check it check
out the cattle of the master catalog
anyway my mindset as you probably all
know is to get more Bitcoin
it’s not to earn more dollars
we have to get out of this dollar
mindset how we value everything thousand
to start valuing things in Bitcoin for
example
so you see that the price of bitcoin
drops in dollars and you’re like oh no
my 10 Bitcoin are now worth less
no no that’s not the way you think when
something happens like that
what you should think is now this is
great i have a chance to get my 11
Bitcoin for cheap
you gotta remember i am you go back in
my catalog and I had a video about if
you if you don’t believe that Bitcoin
will be at least a thousand dollars by
2020 the Bitcoin probably is not for you
ok if you’re just some flipper doesn’t
it you don’t care how much it’s gonna be
worth in 2020 we
if you believe that that that it’s going
to be worth at least a thousand dollars
in 2020 and now a lot of the talk has
made that seemed conservative but still
I i want to be conserved I want
let’s just say in 2020 it will be worth
a thousand dollars then
now as we speak bitcoin is whatever five
or so many dollars
it’s a big sale thanks it’s on sale
because in the end of the day you want
to have as many Bitcoin as possible in
2020 that that that think of it that we
don’t care about how much is X is going
to be worth or what in dollars think of
it all in Bitcoin anyway if you really
feel the need to cash out and you should
not cash out
but if you for some reason like the flip
and stuff for cash out into a theorem or
light
and then back and forth between all
three and just keeping the
cryptocurrency ecosystem I think that
that’s the least you can do it don’t go
back to fiat here and help them now
we’re trying to make more bit and when
you’re doing this stuff if you’re
cashing out of Bitcoin the only reason
you shouldn’t be doing it because it’s
an emergency or because you are trying
to earn more Bitcoin somehow by cashing
in to like . in the area anyway is very
very soon here
there could be up buying pen instead of
a selling panic we’re all
everyone’s scared like what happened
everybody starts to sell off their big
coin but they never they never think of
it with the other
what else could happen because the way
because it seems the work is that when
there are these big price ramps
more and more people get interested in
more more people seem to buy when it’s
doing well and i actually heard this on
a great podcast that Bitcoin . KN the
brick Bitcoin knowledge podcast from
june the third of 2016
trace mayor over there you should check
that out so anyway the conclusion here
the obvious conclusion is to be long
bitcoin ok 20 20 is not that far away
it’s not that far away be patient be
patient and always remember who cares
about dollars you want to get that 11
Bitcoin at 12 Bitcoin that 13 Bitcoin so
by any any means legal means figure out
ways to get more big . earn bitcoins no
no don’t don’t value yourself in dollars
by yourself in Bitcoin i’m adam meister
the disrupt meister populate

24 thoughts on “Value your wealth in Bitcoin. Never cash out. Think 2020

  1. I've been trash to society but when people go scratching for .01 Bitcoin. I will have my revenge!

  2. You've inspired me to think long term, rather than trade the swings.

    I lost 1.75 bitcoin to a recent cloud mining ponzi scheme, but it was a good lesson learned. Wish I had found you sooner! Sent ya a little, not much but thanks for the information!

  3. I wonder if you have Ethereum that was stored before the the hard fork. A wallet that has never been touched, meaning the coins not split up into ETH & ETC. Could that be worth something extra down the road? Maybe collectible value? If so, come on third hard fork!

  4. Great shows Adam. Best wishes for a happy Christmas and phenomenal 2017 to you and all your viewers. A big shout out from sunny Zimbabwe

  5. By end of 2017–Bitcoin ( $2,000 ) Ethureums ( $ 50.00 ) Litecoin ( $10.00 ) What you think ? I'm 80 yrs old and will be rich when I'm 90.

  6. state of Hawaii pulling a backwards move iho. they are banning coin base. What can we do to repeal this action? Not a good move as bit coin moves on a bull run, many will miss out.

  7. My concern in this way of thinking (to accumulate and hold your bitcoin because the value will increase later) has a problem. A currency needs an incentive to be spent. If it does not succeed in doing this how will it reach mainstream adoption?

  8. It's great coming back to this, and see what the price was, and what it could be. Can't wait to look back on this in 2020. 😉

  9. Check out Wirex Bitcoin Debit Card choices Available Virtual or ATM use Any ATM Location Shipping Worldwide

  10. Bitcoin price on China based exchanges are around18.000 CNY and dropping. That is 2650 dollar and dropping.

    People sell all your bitcoin now and wait after the crash to buy in again at 2400 dollar or lower. Dont fall into bull trap that is being set up now between 3000 and 3300 dollar !!!

    Be smart. Sell and buy back lower. That easy. See coinmarketcap for prices of bitcoin in CNY !!!!!

    Good time to short sell if you daytrade :)))

  11. FYI:

    Dead dreams

    Bitcoin is none of the things it was supposed to be
    The cryptocurrency was supposed to replace the finance industry. Instead, it has replicated it.
    The Other Bolena / Flickr – Occupy Wall Street protesters in Guy Fawkes masks.

    Adrianne Jeffries
    Dec—08—2017 01:33PM EST

    On Thursday, the price of Bitcoin fluctuated by thousands of dollars in a 24-hour period. The Coinbase app — which lets you buy and sell cryptocurrencies, and is the number two free app in the App Store as of this writing — started freezing and throwing errors, which the company said was due to high traffic. At one point, I tested the app by trying to sell some of my (very small) amount of Bitcoin, and the app simply buckled. “Bitcoin sales are temporarily disabled,” it said in an error message.

    This is not how Bitcoin was supposed to work.

    In fact, most of the current Bitcoin economy, worth around $276 billion at the time of writing, is antithetical to the premise of Bitcoin.

    Let’s go back to the beginning of Bitcoin. The first stop for anyone seriously interested in Bitcoin is the Bitcoin white paper: the canonical document written by Bitcoin’s pseudonymous creator, Satoshi Nakamoto, in 2008. “I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party,” Nakamoto wrote when he posted the proposal to a cryptocurrency mailing list. This sentence describes everything Bitcoin was intended to be, and the qualities that first got people excited about it, the key terms being “cash,” “peer-to-peer,” and “no trusted third party.”

    Bitcoin, at its core, was supposed to be a way to pay for goods and services online — in Nakamoto’s words, Bitcoin would replace existing systems for “commerce on the internet.” In the early days of Bitcoin, evangelists tried to use it for everything, including salaries, pizza, and Bitcoin swag. This was in the spirit of Nakamoto’s proposal, but the network effects were not there. There simply weren’t enough merchants accepting Bitcoin, or enough customers holding the currency.

    “We have proposed a system for electronic transactions without relying on trust.”
    — the Bitcoin white paper, 2008

    This led to the rise of startups like BitPay, which facilitated Bitcoin payment for merchants like Microsoft and Overstock. BitPay was part of the early crop of Bitcoin’s finance industry, and while it and similar startups increased the usefulness of Bitcoin, they represented the sort of middleman Bitcoin was supposed to disintermediate.

    After nearly nine years in existence, the closest thing to the kind of Bitcoin-powered payments Nakamoto envisioned is on dark-web markets: the websites like Valhalla or the now-defunct Silk Road that can only be accessed through the anonymizing network Tor. Bitcoin is the default currency on the dark web — but the speculators driving the current bubble are making it difficult to use Bitcoin for actual transactions. “Fuck you Bitcoin,” one buyer commented on the dark-web subreddit. “Went to do a direct deal today with a vendor, realized my $250 purchase would end up costing me $315 or so with fees and would still take probably 24 hours to get to him.” “I personally think there needs to be a grand movement on markets and vendors… to move to an alternative crypto, one that is not so god damn volatile and that can actually be viable,” wrote another.

    What about Bitcoin as a peer-to-peer network with no trusted third parties? “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution,” the Nakamoto wrote. This system very quickly fell apart.

    In theory, you should be able to get your hands on Bitcoin without having to trade it for any real- world currency or interact with any financial institution. The function of the financial institutions is replaced by elegant cryptography and the distributed network of Bitcoin users’ computers. All you need to acquire Bitcoin is a computer connected to the internet. You download the Bitcoin client and either have someone send you Bitcoin in exchange for a good or service, or use your computer’s processing power to maintain the network and get rewarded in Bitcoin. Once you have Bitcoin, you can use the same tools to store and spend it.

    But only the earliest, most dedicated Bitcoin users adopted this system; almost immediately, middlemen starting showing up. In October 2009, New Liberty Standard published a Bitcoin exchange rate based on the cost of electricity for a computer to mine Bitcoin, which established that one U.S. dollar was worth 1,309.03 BTC. In February 2010, The Bitcoin Market, the first of many Bitcoin exchanges, popped up. The notorious Mt. Gox exchange was established later that year. Even the dark-web markets, home to the purest use of Bitcoin, were middlemen, delivering messages between buyers and sellers and serving as an escrow service.

    Bitcoin was designed so that users had to take care of their private cryptographic keys for every address they used, and Nakamoto advised making a new address for every transaction. This proved too confusing and burdensome, so along came wallet services, which stored users’ Bitcoins like a bank account and substituted a password for the private key. (The first wallet I used was MyBitcoin.com. It was “hacked” and I lost half my Bitcoins.) There are many, many other types of middlemen in the Bitcoin system now, including sellers of Bitcoin-specific hardware and server farms that have monopolized the creation of new Bitcoins.
    The price of Bitcoin increased by thousands of dollars in one week.

    The price of Bitcoin increased by thousands of dollars in one week. Coinbase

    The existence of these middlemen also obviates another one of Bitcoin’s features: privacy. Middlemen like Coinbase are bound by know-your-customer laws and collect extensive information on their users.

    The Bitcoin network is still technically peer-to-peer, but with so many middlemen, it might as well not be. This is not entirely the fault of the greedy middlemen; Bitcoin is simply too intimidating for most non-programmers to use without the help of apps like Coinbase.

    Back to the current bubble. Remember how Coinbase, the San Francisco-based startup which raised more than $200 million in venture capital, put a freeze on my money? Whether it was out of incompetence or an attempt to save itself from selling at an inflated price (at one point, the price of Bitcoin was $3,000 higher on Coinbase than on other exchanges), this was exactly the kind of thing Bitcoin was supposed to prevent.

    Bitcoin was supposed to disintermediate the finance industry — the system of banks and middlemen and transaction fees in which a single entity can hold your money hostage. Instead, it replicated this system and made it worse. Ordinary users all trust third parties to verify transactions and hold their money. The price is so volatile that no one wants to use Bitcoin for payments. And thanks to the current bubble, the electricity required to maintain the Bitcoin network is skyrocketing.

    “Bitcoin was supposed to demonstrate the power of a true free market,” the developer Adam Chalmers tweeted on Wednesday afternoon, when the average price of Bitcoin was around $13,000. “Instead it's full of scams, rent-seekers, theft, useless for real purchases and accelerates climate change. Mission accomplished.”
    A screenshot of the Coinbase app as it displayed an error: “Bitcoin sales are temporarily disabled.”

    A screenshot of the Coinbase app as it displayed an error: “Bitcoin sales are temporarily disabled.” Adrjeffries / Twitter

    When Nakamoto created the first Bitcoins, he included a bit of text: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” The line served as a precise way to date the start of the blockchain, but it also seemed to be a reference to the ongoing financial crisis. In his other writings on forums and mailing lists — hundreds of posts before he mysteriously disappeared in April 2011 — Nakamoto expressed anger at the financial system that had precipitated the crisis. “He wanted to create a currency that was impervious to unpredictable monetary policies as well as to the predations of bankers and politicians,” wrote The New Yorker.

    Nakamoto was a libertarian who wanted to create a system for payments that would circumvent governments, bankers, and corporations. Instead, Bitcoin is now a get-rich-quick scheme that retains none of the exciting, anarchist features it proposed and has created a secondary economy with financial shenanigans that mirror the ones that led to the global financial crisis. Goldman Sachs says it is “exploring” a Bitcoin trading operation, and on Monday, two finance companies will launch Bitcoin futures contracts so that even more betting on the price can take place. It’s as if we invented the internet and then turned it over to AT&T to operate with switchboards.

    In an email to the Metzdowd cryptography mailing list in January 2009, shortly after Bitcoin launched, Nakamoto wrote about his vision for the currency. At first it would start “in a narrow niche like reward points, donation tokens, currency for a game or micropayments for adult sites,” he wrote. “Once it gets bootstrapped, there are so many applications if you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine.” Instead, it got Wall Streeted.

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