Would you rather have 1 Bitcoin or $1million in 2040? Up and coming Altcoin noise, Halving hype!

October 8, 2019

Hello everyone this is adam meister the
bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is
October the 3rd 2019 strong hand bitcoin
is the next bitcoin we’re going to talk
about that value your wealth in bitcoin
one bitcoin equals one bitcoin offended
by selling uncomfortable conviction oh
you’re getting a new show here everyday
because the meister conviction tomorrow
is this week in bitcoin with bitcoin
tina maybe some other guest who knows
whatever i feel like well we’ll see if
we get another guest on the show that
that’ll be 3 p.m. 4 p.m. 5 p.m. i i
don’t know at the baltimore time and yes
I’m in Baltimore until the 15th when I
go to Sydney Australia today we have
time for Q&A so people if you’re in the
chat type in bitcoin meister it will
turn a different color i will see your
question or you can do a super chat and
i’ll see your question and I will answer
your question okay and remember if
you’re watching this taped play all my
videos at 2x 1.5 X 1.75 X you should
never watch this at 1x you know you
should never watch any show at 1x save
time I watch all shows at 2x some I have
to slow down to 1.75 X but I don’t care
the guy’s got a British accent or
whatever they’re talking about there’s
just a little tip for you guys to be
more efficient in life with your time so
I was at shul this morning and I’ll be
at shul in a few okay at 7:00 a.m. on a
Friday morning also and so I have to get
up soon but uh and someone was talking
to me about Bitcoin there and this it
revealed to me about what newbies think
about Bitcoin people on the outside and
it’s important to take this into account
a guy was asking me like typical stop
type of questions what is the average
yearly return I can expect and of course
that’s I’m not here to tell people that
I think that’s something that’s not what
this is about it’s not about flipping it
after a year it’s your–it’s I tried to
say you know it’s a savings account so
you should be worried about returns in a
year and he asked me what is the
up-and-coming Bitcoin what is the so
this reminded me of when I was back in
Hong Kong in 2017 and someone asked me
about the litecoin
I heard about there’s there’s a Bitcoin
called litecoin so still there are
people out there they don’t understand
that the larger category is
they just think bitcoin is
cryptocurrency and then there are these
up-and-coming bitcoins and this guy had
clearly been the coin base before
because he said there’s a lot of
bitcoins listed at this site and I want
to know which one is the up-and-coming
one and I tried to explain what bitcoin
is the next Bitcoin yet I know it sounds
boring but you just gotta get Bitcoin as
a savings account he’s like well there’s
there’s all these new ones that are
coming out I hear these new bitcoins and
what one has to be up-and-coming one’s
gonna do really well right and and this
is the kind of noise and it’s not this
guy’s he’s heard the noise he’s seeing
the noise coinbase they they spit out
the noise of the hair they’ve got so
many different ones listed there now
apparently this up-and-coming
cryptocurrency noise if there’s all
these up-and-coming crypto currencies
and this will continue people like this
and I said I’m on the on the correct
path I’m like just get Bitcoin get $100
worth of it in
play around and you’ll get a better feel
you don’t have to diversify for the sake
of diversification but that so many
people and they’re gonna go to coin base
and they’re gonna see well there’s so
many different ones there
this will fuel all coins for the
foreseeable future people this mindset
and we’re in a little bubble where many
of us aren’t tempted by the altcoins by
the up-and-coming altcoins up-and-coming
such as so that that that noise that
up-and-coming awful noise for those of
you that say the all coins are going to
disappear they’re not talked to some
people on the street that don’t know
much about Bitcoin but it’s sort of
heard of it and talk to them about alt
coins you will see they will be
interested that they’ll give you that
$8,000 to expensive is too expensive I
want a cheaper Bitcoin I want to they’ll
fall and this is the whole evolution of
when people get into cryptocurrency and
so many people are getting
cryptocurrency they don’t have evolved
at all they’re asking me about Cardno
and ridiculous things like that but
that’s that’s the way of the 80
percenters and this is where the big
boys play so you can take the time to
learn that there really are no
up-and-coming alt coins that bitcoin is
the next bitcoin or you can just play
with fire and gamble and there are a lot
of people who enjoy gambling I mean I’ve
been to Vegas before I’ve talked about
that they’re smoking they’re gambling
they’re purchasing ladies of the night
they’re doing all sorts of unhealthy
things that’s it’s the free world but
you’ll pay the uh you’ll pay the price
in the long run if you do the unhealthy
and intelligent things all right what do
we have here someone says answer card on
oh yeah dude you’ve been asking me I
thought you did type in bitcoinmeister
this time and so you want to know about
card on oh yeah I don’t know why you
want to know card on him about watch
after watching my last three shows and
hearing what I just said that like
bitcoin is the next Bitcoin I’m only in
the Bitcoin the other things are a waste
of time so what am I gonna say about car
Donna do you think what do you think
it’s a waste of time it’s it’s why why
big just get Bitcoin all right it’s it’s
a vault coin flavor of the month it was
a past alt point flavor of the month
they come and go dude
they was card I know it was iota who
knows what’s next I can’t remember all
the ones in the past neo
these are did you just see that that all
these that various people hype up
because they got bags of it and you fall
for it and you buy it and in the long
run you would have just been better
buying that Bitcoin collecting your
crypto dividends by holding the Bitcoin
someone gave a shout out to the ladies
of the night of the chat thank u s FS
Maura for the shout out to the ladies of
the night you got when you’re by the way
for those of you who travel to Baltimore
and sometimes you see those ladies of
the night walking on Calvert Street
odo those are not ladies you should know
better you should know better
it’s just like you people you know that
card on o is not Bitcoin you know it’s
not the real thing but you hope and you
pray and you try to pretend it is just
like the six-foot-two african-american
ladies on Calvert streets being ladies
of the night you pretend you think
they’ve gotta be ladies they’ve gotta be
the real thing and then yeah you look
down there and you see something that’s
definitely not the real thing baby found
that like button
but don’t let those ladies pound you on
Calvert Street
okay there are some people who prefer
that type of thing who want to gamble
with their futures on the ladies of
Calvert the ladies of Calvert Street
okay we really got off on a tangent
there I gave you a little bit of a
Baltimore flavor okay there are some
ridiculous things in Baltimore okay
moving on what do we have here oh that I
just like went to my show you much
shirt again all right
this weekend Bitcoin tomorrow where my
notes all right one Bitcoin equals one
test line now but that one Bitcoin
equals 1 Tesla thing we’re gonna get
into that right now
there’s a poll out there would you
rather have a million dollars or one
Bitcoin current price you know it’s like
around eighty two hundred dollars $8,100
plot twist
you can’t touch either for twenty years
so this is a poll you can vote in it and
seventy percent and again this is not
scientific poll seventy percent said
they would rather have one Bitcoin than
a million dollars now again this this
question really boils down to in the
year 2040 do you think one Bitcoin will
be worth more than a million dollars and
clearly seventy percent of people say
yes and so I had to think about this I
thought what what am I gonna vote here
would I rather again you would be neck
you be given the Bitcoin or the million
dollars right now but you couldn’t do
anything until 2040 with it so you got
to make the decision is it gonna be
worth more than a million dollars and
what would it what what are you gonna
gamble on there what’s the what’s the
what’s the risk and I I thought that
might in the current you see I’m in a
different situation than a lot of people
of course so I would want that Bitcoin I
would I would go for the Bitcoin I would
go for the Bitcoin so is that me saying
that in 2040 I think that’s me saying in
2040 I think there’s a chance of a
Bitcoin will be worth a million dollars
I mean that’s that was my natural
instinct to say a bit to say I’d rather
have a Bitcoin than a million dollar
then a million that there’s a 500
million dollars gonna be able to get you
we shall see uh you’d probably be able
to get you a get you a lot still then
dollars still be king of the fiat but
who knows who knows they’re people so so
D percent of people voting that pulse
would rather have one Bitcoin again I
think it’s a biased poll you asked most
Americans they would uh they would say
Oh give me the million dollars I’ll
collected in 2040 but this is just a
straight up give you a million dollars
or one Bitcoin now you can’t use it
until 2040 theirs don’t try to do
complications where you sell the rights
to the Bitcoin or your sell the rights
to the million dollars in the future now
it’s just that that simple of a question
but an interesting question very
interesting they made me think there and
made me uh oh I don’t like this you know
I don’t like to make price predictions
and that’s not a price prediction but
clearly deep down inside I think there
is a shot I did there definitely is a
shot that’s just that’s unbelievable I’m
just I’m just thinking about it now I’m
still thinking about it it’s just so you
know when you’ve been in this thing for
so long and you’ve paid like two hundred
and some dollars for some of the Bitcoin
that I have and to think in that year
you know when my nieces and my nephews
will be definitely grown-ups well uh if
for that for that to happen I mean uh
what a lifestyle I’ll be living by then
if that really happens so maybe it’s
wishful thinking on my part – all right
let me see Oh were there other questions
in the chat here we got we got more to
talk about though look at this
Oh here yeah was there ever a flavor of
the month that almost mattered no no
they they not not any of the flavors of
the month they were totally hyped now
with the think would be cat be cash was
the flavor of the month once I would say
it uh yeah I mean at August of 2017 be
cash was the flavor of the month and it
mattered for people who got it for free
the that’s the only time a crypto
dividend is in the flavor of the month
that way back then and so I guess I
guess the correct answer is yeah that
that was a time one
mattered because we were getting Bitcoin
holders were getting it for free now it
wasn’t better than Bitcoin it was just
all these uh all these do MERS and uh
well I wouldn’t say do MERS but they
were do MERS in terms of what they
thought would happen the Bitcoin all
these gullible people piled into a be
cash and allow the Bitcoin holders to
trade this altcoin flavor of the month
for like 0.3 Bitcoin he got up to I got
the point foreign in November my wow
what a gift that was what a gift that
was so yeah when be cash was the flavor
of the month with so God willing there’s
a in the future we have another crypto
dividend that’s a flavor of the month
that that will matter that will matter
the holders if for some reason yeah
because I always say here why buy
anything that you get for free but back
then in August of 2017 and November of
2017 people were buying something that
we all got for free it’s just it baffles
the mind so I mean that might have been
the most ludicrous on one level it was
the most ludicrous all coined flavor of
the month ever because people were
buying something they just could they
could I got for free
they were hyping something that they got
for free oh well eighty percent are
gonna do what they’re gonna do and 20
percenters the hardcore Bitcoin holders
that did not panic
take did real well for themselves pound
that like button
oh sweet memories sweet crypto dividend
memories 2017 what a time it was to be
in Bitcoin but it’s always a great time
to be in Bitcoin always a great time
we’re gonna it’s still early when you
have people at synagogue asking you
about what’s what’s the next where did
whatever he asked me about dating he
called crypto currencies Bitcoin he
called crypto currencies Bitcoin the
upping neck the up-and-coming Bitcoin
what’s the up-and-coming Bitcoin all
right having hype here let’s talk about
the having Anders who’s been on the show
before who’s your
your Bitcoin hyper Bitcoin ization
maximalist to the people believing the
having in seven months is priced in no
it’s not markets are not perfect because
people aren’t perfect reply and he went
on to say how a lot of people don’t
understand certain inflationary aspects
of Bitcoin and again gotten to a little
bit of a complicated reason and I’m not
gonna even get into that of why people
aren’t perfect in the space but there
was a response in the thread that really
sums it up nicely here’s a guy that said
his name is frosty bitcoins he said I
didn’t know what a halving was until
almost a year after I bought my first
coin most people who buy only died down
the rabbit hole as a result of making
sick games there are a lot of people in
this market who have no concept of the
importance of the having I agree but
also since I’ve lived through one having
already as we get closer there will be
having hype December January February
they will start to learn articles will
be written people will start to FOMO all
right so it will start to get priced in
it will start to get priced in but we’re
not there yet we are not there yet but
it does happen you just have to be
patient and you have to ask people
who’ve been in this since before the
previous having how it all works and if
you were around then use your long-term
memory and think about what happened
last time how it got priced in
eventually but in 2015 in this
equivalent month in 2015 no one was
talking about the having people were
worried busy and gone up to 400 and that
was going back down to 300 hmm sounds
familiar like it went up to 12,000 digs
going back down to 8,000 hmm it’s as if
we vote it’s oh this is all cyclical but
yet people still panic when they when
they see prices go down after returning
from the depths of despair you know
again in February of this year we would
be doing
the hora dancing around in a circle if
we heard it was gonna be $8,000 in a few
months but people have short-term
memories they are like oh oh I’m so sad
bitcoins only $8,000 yeah oh god okay
all right we got a lot of interesting
comments and the jack no one typed in
big one my sister so I’m not reading so
that nonsense about that like button
down so conclusion it’s early
you guys have insider information about
this having that they’re that they’re
all point flavors of the month that
bitcoin is the next Bitcoin this is your
home for Bitcoin insider information so
so keep keep a level head stay happy
keep reading keep washing shows at 1.75
X or 2x don’t FOMO on altcoins
definitely friends don’t let friends
FOMO all right and finally one two three
no scopes at twenty thirty two multi
trillion market cap god-willing dude oh
yeah we’re not at the tapi arrow line
yet we’re not even at the trillion
dollar market cap so let’s take it one
step at a time how and what year did you
get in the Bitcoin I bought my first
Bitcoin in 2013 my first two Bitcoin in
2013 in November so it’s almost six
years now and I heard about it on some
doom doom and gloom sites I’m not even
gonna say one of the places specifically
I can remember 2012 the shmita guy of
all people I remember specifically him
talking about it in 2012 but I’m pretty
sure I heard about it in 2011 also
alright and so I waited I wasn’t gonna
get wasn’t gonna send a money order to
Japan to mount GOx or whatever people
were doing back then I I waited till you
could get it at coin base in November of
and yeah I was I was into it right away
he was uh was a lot of fun I was talking
about with my friends I just stumbled
upon an email I sent to a sibling of
mine about it around that time I had
emails from 2013 with me talking about
Bitcoin in it it is awesome to look back
on that and just to see and then it’s
really a short period of time when you
think of it on a certain scale just to
see how much has changed and how much
how much it has changed my life for the
better so and that that other question
that you asked there I’m not gonna read
that question out loud but you should go
to some shows of mine in in August of
2017 and you’ll get it you’ll get a
answer to that and might resort maybe
you ask me the name of my tress or how
about that the name of my trees or is
Ted DiBiase I’ll leave it at that on
adam meister the bitcoinmeister the
disrupt meister remember to subscribe my
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Bitcoin with Bitcoin Tina I know a lot
of you guys love his style he’s an
awesome dude and that is the end the
show and I’ve tried to find the button
I’ll say hi to you guys in chat I’m
pushing end stream there’s a piggy bank
alright see ya

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