As Bitcoin crashes, I wanted to respond to Graham Stephan about Bitcoin
► Where I Buy Bitcoin:
► Get up to a $250 in Digital Currency:
► How I Protect My Bitcoin:
► My Stock Portfolio + Stock Tracker:
► Deposit $100 and get 2 stocks valued up to $1600):
► ROBINHOOD (Get 1 Stock When You Sign Up):
► Open A Roth IRA:
► Follow Me On Instagram:
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
As Bitcoin increased in price, people got scared and started buying. Now that Bitcoin is falling, this is important. I want to give my perspectives when I think it’s relevant and Bitcoin is still fresh on everybody’s mind. I hope that by watching this video you walk away with a more balanced perspective by hearing two opposite sides from someone who’s a crypto skeptic and someone who is more of a believer.
Issue 1: Let’s start with the first issue that Graham Stephan has with Bitcoin which is the danger of regulation. Can the government ban bitcoin? If it does, to what extent will the price fall and will Bitcoin become irrelevant? One of his concerns is about the government tying your digital wallet to your identity therefore allowing them to know how much money you make and how you spend it.
Response: It’s actually no different than the system we have in place today. If the government really wanted to know what you were buying and how much you were making, they’d find out real quick so it’s not a big concern for me. I want the government to have a clearer policy on regulation because as soon as that happens we can finally get a clearer legal perspective and feel safer about investing. Also equity markets would finally create investments that grandpa and grandma can put in their retirement accounts.
Issue 2: Tether. Now tether is not a crypto as much as it’s a “stable coin” meaning for every dollar that you buy, one Tether will be created and issued to the market. It’s a 1 for 1 that was meant to hold the value of a single dollar by attaching itself to the dollar. The problem is that technically those tethers could have been printed out of thin air, not at all backed by the dollar. What’s worse, is that when asked to be audited by a third party agency, Tether refused while admitting that only 75% of their token is backed by cash. Not good.
Response: Price manipulation isn’t an argument against Bitcoin. I’ll quote Warren Buffet and say price is what you pay, but value is what you get. So while the price of Bitcoin may be outrageously high, the value of what it actually is, which is the potential future of our economic backbone, is still there – regardless of what you pay for it. It still helps all investors looking for passive income and looking to hedge their money against inflation.
Issue 3: Volatility. Here Graham Stephan says that Bitcoin's price is super volatile, it can move up and down as much as 20%+ in a single day. "Crypto whales" are people that can influence the price of Bitcoin.
Response: In 2009 when Bitcoin launched, it would move up and down by as much 90%+ per day because the market cap was tiny – in the thousands of dollars, then as it grew a little bigger, it started moving 70% per day. Now it’s a big deal when Bitcoin moves 20% per day, and at some point it will be a big deal for it to move 1% per day just like the the stock market. Stability will come with increased liquidity and volume which over time decrease volatility.
Issue 4: Bitcoin is backed by nothing. At least the dollar has the backing of the US government where we can redeem it at face value anywhere in the world.
Response: This is the intrinsic value problem. However, everything is based on trust. I don’t have to trust the government to give Bitcoin value and redeem it, the free and open market decided that Bitcoin has value. It was designed to be trust-less based on mathematics. I know exactly how many Bitcoins there will be 20 years from now unlike the dollar.
Issue 5: People only buy it to speculate, not for the technology.
Response: The CFTC classified Bitcoin as a commodity. If we compare Bitcoin to traditional investments like stocks or real estate – we’re comparing apples to oranges which isn’t fair.
What We Both Agree On: Invest only what you're comfortable with losing.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
BOXING MATCH 2021
you guys gonna be the pre fight before Cardone vs Belfort ?
Make it WWE style wrestling and I’ll order that PPV. And I don’t even like wrestling
Yes yes yes
I think graham would win until the blue eyes white dragon comes out
Unboxing match! Winner gets holo blastoise perfect 10 grade. Loser gets ekans for being a little snake!
The crash was to be expected tbh, this isn’t short term profit, it’s a long term investment.
Scam alert!
Are you a fake spam account? Ibbynolimit?
Fake Andrei account above, don’t follow anything he said.
It’s not a crash, it’s a correction. There was going to be a pullback. The folks thinks it a crash usually panic and sell too early in fear of a loss.
I love watching your videos! They are so funny yet educational at the same time! Well done!
Thanks for sharing your comments do well to check my finacialist,Arianna Brown to help you make more profits in Bitcoin +1 (5 1 6) 5 4 3- 0 6 7 4 Her strategies are top notch 🇺🇸…!!
The fact that there is an end point in that only so many can be mined will make it valuable, as most things that are finite rocket up in price when there is less of it, such as land and gold both are surging because both are running out.
Given it could take Bitcoin over 100 years to get there but the closer we get the more the value will grow.
Andrei, Graham, and Kevin are the holy trinity of today’s young investors
Kevin? Kevin? I heard his wife is the brains.
You forgot In The Money
I think you describe a Maxican standoff rather a holy trinity…..
Love your content and videos Andrei! Only thing I disagree with here is the use case of BTC.. it was designed to be a payment solution initially yes, but it is far from instantaneous. Settlement time is slow and fees are high compared to other digital assets. To me it’s a hedge against USD, digital gold if you will.
All your videos are straightforward, entertaining, and insightful. Thank you for the solid content and helpful information! Also, I enjoy both your and Graham’s channels; this content was especially interesting.
Great video…again. Thanks for putting so much effort into each of your videos. I look forward to each new one.
Love your videos, Andrei. Please keep them coming!
You and Graham are some of my favorite YouTubers. Solid opinions and advices. Keep up the great work. Let’s invest smart and the long term.
AMAZING REMARK, DROP A MESSAGE ON MY WHAT-SA-APP FOR BITCOIN TIPS
1..(.9…2…0.) 3…8…5…9…7…3…8
Well done Andrei. What a great response! I don’t think you could’ve articulated this any better. Keep up the great work and don’t feel your pushing crypto too much.
AMAZING REMARK, DROP A MESSAGE ON MY WHAT-SA-APP FOR BITCOIN TIPS
1..(.9…2…0.) 3…8…5…9…7…3…8.
Big fan! I watch all your stuff. Keep up the good work! I would personally love to see a little more crypto content from you.
AMAZING REMARK, DROP A MESSAGE ON MY WHAT-SA-APP FOR BITCOIN TIPS
1..(.9…2…0.) 3…8…5…9…7…3…8.
Bitcoin’s price dropped in “17 because the “lending” platforms were exposed as ponzi schemes. It’s dropping now because short term investors are realizing gains. Remember, you haven’t made or lost money until you sell. Hold and continue to buy every paycheck. You’ve just bought a piece of the future at a huge discount🤙
Great video Andrei! Don’t you think regulation, and centralized providers beat the purpose of a decentralized currency, the security of which lies exactly in that decentralization?
I don’t. I think for Bitcoin to gain acceptance, it has to learn to play by the rules before it breaks them
Good video. Glad you took on the criticism and turned it into something productive.
You don’t have to be a Crypto “professional “ to make good videos. Stay with what you know and you’re good.
Thanks for the good content.
Keep up the good work!
Hey Andrei! SUPER awesome video! You are so well-spoken, easy to understand, and I think the practical conventions of making this a great video, like your intro, the music at the end, the addition of magic, and more, make this video and your whole channel just so awesome!
As others have said: you, Graham, and Kevin are the trifecta of personal finance on YouTube! You guys rock!
73% Of Millionaires Invested Or Plans To Invest In Crypto The survey, carried out by deVere Group, one of the world’s largest independent financial advisory organization, finds that 73% of poll participants are now already invested in or will make investment digital currencies, such as Bitcoin, Ethereum and XRP, before the end of 2022. The 700-plus respondents are clients who currently reside in North America, the UK, Asia, Africa, the Middle East, East Asia, Australasia and Martin America. ‘High networth’ is classified in this context as having a more than $im (or equivalent) in investible assets. Make some investments with Breston trading service + 1 ( 2 0 6 ) 2 5 8 – 8 2 8 5and Become a millionaire too … …
Chris was a great help. He was patient and thorough in answering my questions. Not at all condescending with my issues, a number of which were simply user error! I really appreciate his assistance.
Cryptocurrencies especially Bitcoin is blowing up right now. However it’s no use stressing that proper diversification is the best way to grow your wealth portfolio. I have seen over $50k in profits from the last two quarters in my portfolio all thanks to smart diversification strategies, smart investing is the key
+ 1 ( 8 3 2 ) 6 8 5 – 8 5 6 3
I connect with her on whatapp. Feel free to write to her for assistance
Bitcoin has hit high above $27k, following a sudden bull run over the past months that has finally pushed the price. In the past hours, BTC is at…. following a slight correct from records highs, other major cryptocurrencies are riding on bitcoins momentum with healthy growth all round. Every bitcoin investors are now smiling at the price of bitcoin as it’s held strong and indeed valuable to generate good ( ROI). Most people are gonna become millionaires as we have bitcoin to thank for that.
Bitcoin has really stood it’s ground and would keep breaking grounds. Investors sure know how profitable it is now. My advice is to invest in it now that it’s still affordable cause a time is coming shortly when it would become scarce.
I wish I got in on digital currencies earlier, I should have made millions by now. I just began investing now that the digital currency market is booming
Man I am so glad people like you, Graham and my fellow Canadian Steve Antonioni make financial videos. Up until 2020 I was absolute garbage with my money and didn’t care if I spent my whole pay check on camera gear or if I had $100 on my credit card bill. You guys have really opened my eyes and it absolutely shocks me we are not taught this stuff in school. Keep up the great work!
Determination is highly needed in trading because only a brave hearts determined to take the risk involved in making great profits
You can reach her via her whats app handle 👇👇
+1 2 5 6 2 0 8 3 1 9 6
She changed my financial status completely
I really appreciate her influence during this global pandemic
Without a doubt her strategy is 💯 legitimate and no one has ever complained about her signal…. SUPERB!!!!