Interesting topic we discussed in episode 14 of @bee@bee@bee@bee@beefandbitcoin podcast. . In the event of a truly systemic collapse of the financial system (banks STOP working), how do people get their hands on bitcoin? . Great question... and it will probably be extremely difficult! Best to hedge yourself PRIOR to a collapse. Nobody buys insurance AFTER an accident... that’s why you buy it before. . Bitcoin is an insurance policy against an Orwellian future where the state continues to increase the money supply at the detriment of the holders of that currency. . This is an unprecedented time in human history where an alternative financial system exists, and you can VOLUNTARILY chose to opt out. Remember, no legal tender laws with bitcoin... its adopted voluntarily by individuals who SUBJECTIVELY value it. . Check out the full episode and drop us a comment or review and let us know what you think. . Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptoency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoin> #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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There is a very specific reason why we see the boom & bust cycle . CREDIT EXPANSION . Cheap credit enables entrepreneurs to allocate resources improperly. Assuming a very low cost of capital will encourage you to take risks that wouldn’t be profitable or that you wouldn’t have taken otherwise if we actually had a natural rate of interest. . There’s a great video that explains malinvestment on Mises Institute YouTube channel in their economics bootcamp. I highly recommend checking it out! . Check out the full episode of the @bee@bee@bee@bee@beefandbitcoin podcast and give us your feedback! LINK IN BIO . Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptoency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoin> #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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Episode 14 dropped over the weekend. . This was a fun episode, and we discussed the recent move up for BTC. Amazing how sentiment changes when we see a 25% move in an hour. . Looks like it didn’t take much to cause such a large jump - 10 separate 1,000 BTC market buy orders may have played a part in the increase. A nice data point to think about when considering what happens when larger buyers start to step in to the market. . Check out the full episode in the link and leave us a review πŸ‘Œ . Do you think institutional money is stepping in? Does it even matter? Will gold bugs consider taking a position? . Let us know what you think in the comments below πŸ‘‡ . Follow @bee@bee@bee@beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptoency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoin> #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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. Check out the latest episode of @bee@bee@bee@bee@beefandbitcoin where we talk about the Bitwise ETF filing and their report on Fake trading volume. . πŸ“ : Bitwise . When you remove fake volume, the real BTC volume is quite healthy given its mkt cap. Gold’s market cap is ~$7T with a spot volume of ~$37B implying a 0.53% daily turnover. Bitcoin’s $70B market cap would imply a 0.39% daily turnover, very much in-line with that of gold. . And, when you remove fake volume, CME and CBOE futures volume is significant ($91M), especially compared to the real spot volume (35% for Feb 2019). This is good news because it means CMEβ€” a regulated, surveilled marketβ€” is of material size, which important for an ETF. . Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptoency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoin> #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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A recent report from the Bitwise ETF filing uncovered that 95% of trading volume is fake! . This probably isn’t a big surprise to most people, but it will be for others. . Short answer? - No, your favorite shitcoin is not having $1B a day in trading volume, neither is bitcoin. . Follow @bee@bee@bee@beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptocurrency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoins #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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. Bitcoin is the next frontier. . Just like all of the great entrepreneurs who identified that the internet would be huge, you can take advantage of the next great wealth transformation with bitcoin. . As the lightning network matures, new businesses and use cases will be built on top of it. We need to start thinking of things that were not possible in a fiat world. . I’m betting on bitcoin, and I’m doing what I gotta do to see what I can build on top of it. There’s a lot to be done, and plenty of white space. Being early is my advantage! What’s yours? . Have you thought of a new business model that can be enabled by the lightning network? . Leave a comment or shoot us a DM and tell us what you think! . Follow @bee@bee@bee@beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptocurrency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoins #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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. Another clip from episode 12. . I still don’t believe we fully understand what it means to have a truly scarce asset. This can lead to an unbelievable positive feedback loop, driving both price and adoption. . Every sat that you stack dries up the supply, reducing the amount of btc available on the open market. When the next hype cycle starts, new investors will be fighting over a limited supply, especially with the halving coming up. . What do you think about stacking sats? . Follow @bee@bee@bee@beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ Follow @beefandbitcoin πŸ‘ˆπŸ‘ˆπŸ‘ˆ . . . Take the bitcoin red pill and check out πŸ‘‰πŸ‘‰ @beefandbitcoin podcastπŸ‘ˆπŸ‘ˆ . . . Now streaming on YouTube Spotify Apple . . . #cry#cryptocurrency #crypto #austrianeconomics #btc #entrepreneur #business #investing #bit#bitcoin> #cryptocurrencies #money #ronpaul #wealth #soundmoney #entrepreneurlife #gold #realestate #beefandbitcoin #fintech #bitcoinnews #garyvee #onlinebusiness #entrepreneurship #cryptohumor #bitcoin #rothbard #bitcoinpodcast
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