Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is July the 9th 2019 strong hand bill unique piece value about the bitcoin bitcoin having hype i'm confiscated ball one bitcoin equals one bitcoin offended by selling don't farm own all coins in motion five digit realm alright personal responsibility is new counterculture check out all the links below watch all my old shows disrupt meister calm tch be alt that's tech ball on Twitter everything I talk about in this video is linked to below every every aspect of this show including these new shirts I've been wearing this is the last one of the Lightning hood models that were sent to me I like this one a lot this is a Satoshi Nakamoto Bitcoin you know bringing it back to the Nintendo days there I guess another Japanese reference alright so yeah I think I'll bring this baby with me to Israel I like I like this one this is good I gotta bring uh I gotta bring at least one of these new new lightning hood comm shirts with me so yeah tomorrow you'll get a show from Baltimore it's already been taped but I am it's and I'm gonna be on my way to Israel so you'll get on Thursday a show from Israel remember a new show every day and I will be in Tel Aviv until Russia Sharna until late September I'm looking forward to seeing everyone there I'm just looking forward to being back in awesome Tel Aviv and awesome Israel alright so remember if you guys have questions in the chat you type in bitcoin meister and i will see the orange bitcoin meister and answer your questions you could do a super chat also cryptocurrency links are below Nick Carter reminds us of something that is going on that many people are not talking about Bitcoin in terms of realized cap is at an all-time high today now that's Fiat freakish but it is a measurement that not many people use people like to use how much one Bitcoin cause people like to use market cap a Bitcoin this is a little bit better a measurement than market cap when it comes to cryptocurrencies because it takes into account the price of the bitcoin the last time it was moved and at this point we are at an all-time high people have clearly been moving their Bitcoin during this fiat price spike people have been buying Bitcoin whether it has just been moving or buying and selling it shows that it is very active even at this high price and he sums it up and again this is later below the cost basis of your average holder is at an all-time high higher even than the peak in 2017 because not everyone transacted at those extreme highs hey so I I think that is bullish I think it's worth talking about that the pivot then again it's moving around the Bitcoin is moving around whether it is being bought and sold or just moves around it is active even at this high price I think that is a positive what is this piece of paper in here and these old shorts that I'm wearing god I got a missus I haven't worn these shorts in many years all right so pound that like button if you like when Adam pulls out orange pieces of paper from his shorts he hasn't worn like in five years cuz I don't wear shorts really I'm just wearing wearing them around where I met bitcoinmeister be cash will reign supreme change my mind well that's a that's your opinion a Don Kay wizard and I it's a central I you know we're gonna we're gonna there's something I'm gonna bring about bring up in a second that Odie brought up and it shows you how centralized be cash is so if if you like centralized coins I mean that's that's that's your prerogative Perce responsibility is the new counterculture so i'm bitcoin is the next bitcoin bitcoin will reign supreme I'm gonna show you in a second why and because it is not centralized but I'm going to show you in a second why be cash is quite centralized we'll get there soon all right so speaking of centralization yesterday show I was talking about Libre and something I I want to clear up is that Libre is just a lighter form of monetary tyranny and that you can opt into or you can avoid it's not as bad as fiat currencies in terms of monetary tyranny but it's uh that's up there and you don't have to be in it you can be in the Bitcoin but it is still a version of monetary tyranny I wanted to point that out because I talked about monetary tyranny and my not my previous show that's sure before that but my previous show I was talking about Libre and again I I think it is very innovative I think it's going to shake up the whole financial system but it's it's not free like Bitcoin there are her it you could be turned off you can be monitored you can be opted out of it by them alright you that there could be a Libra bail in so Jim says there was only one month in the 107 to 27 months month life of Bitcoin you could have sold it at a higher price that's why stack and hold is the way to go stack and hold buy and hold strong hand whatever way you want to say Jim thank you for the 499 pound that like button people yeah exactly yeah oh you Fiat freaks thinking Oh bet better buy sell buy sell buy just hold his point is very good there's only one month in a hundred twenty seven month life a Bitcoin you could have sold at a higher price than what it currently is for you Fiat fright freaks the a net Johnny and my how you doing dude you know that there is a multi-million dollar worth of Bitcoin holders watching your show yeah yeah I figured something like that yeah I mean who knows how much all I'll be guy hey you know there's some dudes that have some Bitcoin than watch this show definitely definitely and who knows Johnny maybe maybe you're the one maybe maybe you're making up all that a fiat value there who knows you're doing good though man good to see you uh and remember disrupt meister calm over thirteen hundred and fifty of my shows you can learn a lot from those archives and there's gonna always be a new show here every day unless it's Rosh Hashanah or Passover we'll get into that another time those those exceptions the exceptions prove the rule found out like button what do we have here Oh also yesterday handled this week in Bitcoin we're talking about the number of developers in Bitcoin and the number of developers on in aetherium who has more and here's here's just a point to take away from this for all you all corners for maybe all your be cashiers at theory M has either the first or second amount of developers okay now some people like well those are lame developers okay I'm not gonna get into if they're lame or not so lame or whatever but there's a big drop off onto all the how many of the other alt coins have double-digit amounts of developers working on them okay so how sustainable are those all coins if no one's really innovating on them no one's really working on them and you know it's great that there can be small coins there and people can speculate on them let people do that again it's pure gambling I just want to just put it into perspective here so how many got developers this be cash at work I mean there was fun the other day that that and I didn't mention it but that the be cash developers were gonna quit a bunch of them or something yeah I'm not I don't care that much he's a crypto dividend a Bitcoin but I had a questionable look before but uh again I mean how many developers is me gosh yeah we have how far away is that number from Bitcoin or aetherium I mean it's when you're saying it will reign supreme it's not even at the etherium level in terms of these popularity in terms of the things you can do I mean what can you do with the cash I mean you know they're doing i SEOs on ie ie iOS on like Omer haenam on a defy and all this ridiculousness on a on a theory on it some it might not be ridiculous but you know be cash you supposed to be able to buy coffee with that's that's the selling point I think and again the market is spoken right now people aren't buying a coffee with cryptocurrency nor our coffee sellers accepting cryptocurrency for their lovely coffee and again I don't drink any coffee I don't think I've ever drank coffee in my entire life I don't I don't recommend it I guess this guy Ike I don't believe in caffeine at all so ok 65% Bitcoin dominance right here we're getting back into like the good old days and one has to think that that there's going to be a drop in the dominance at some point because there are people that are going to get into cryptocurrency they are just going to have to diversify for the sake of diversification clearly we're not getting a lot of that at this time and clearly so the people who diversify for the sake of diversification in the past are throwing in the towel and getting back in the Bitcoin okay but to dumb money impulsive news people any there's nothing holding them back from entering cryptocurrency in Bitcoin okay there's nothing holding them back it's for some reason we are at a period of time where they're either not a lot of them coming in or or there's a lot of institutional money that's just flowing in the Bitcoin that's just cancelling all of them out now speaking the institutional money institutions can act like 80 percenters also some of them have a mandate to diversify for the sake of diversification so that's something to keep an eye on when we're talking about Bitcoin dominance because some I think we part of the when we saw some all coin dominance increase we it was individuals buying into these things okay and going wild and hoping that they had the next big we haven't seen the institutional version of that yet we're a bunch of institutions buying the Bitcoin they get bored then they start buying up other altcoins with hopes that they have the next Bitcoin and so that could cut down on Bitcoin dominance in the future that could create an altcoin season again again I doesn't really bother me if it happens bitcoin is still the king and I'm not selling my Bitcoin for all coin I won't Oh God Almighty God god forbid to even think that I would FOMO an altcoin all coins because some Institute because Wells Fargo decided to open up some fun where they were forced to diversify for the sake of diversification and they had to buy up a bunch of litecoin awesome no this could this could happen and we we have to see if the amount of you know what the pace is of the the amount of money being tossed in the all coins if the pace picks up compared to all of the institutional money that is going to flow in the Bitcoin if it can keep up with that pace which for a time it may be able to do once people want some of those 80 percenter institutions get bored which is holding Bitcoin or their force they they just have to there's a mandate all right so I don't think this price jump in Bitcoin is being caused by dumb money at all clearly some of that in 2017 that spike clearly was being caused by you a bunch of Korean people coming in gambling from from South Korea just buying Bitcoin and then buying some all coins too so they pumped so that the big question here is are there are the rich getting richer is it just holders that are moving around their Bitcoin and buying their Bitcoin and smart smart wealthy people who are like well now now's the time to get in now's the time to get in because it has been a story in the mainstream media but it hasn't triggered FOMO among the 80 percenters it's clear and if you lived through the December 2017 thing you definitely saw some FOMO among 84 Center types among impulsive people types among people who do you have no idea what they were by who were just buying at a coin base and then selling it a month later once it dropped in price we're not seeing that now so I would have to assume that this this price jump is being it's the rich are getting richer whether it be rich Fiat holders who are decided you now is the time to do this or just already rich Bitcoin holders who are just increasing increasing their uh their stash and of course there is some there are some altcoin people who learn their lesson the hard way and are just the anti diversification now getting getting back into the rock alright so you can you can have thoughts on that we shall see how this progress you know and hey I welcome the faux mowers okay but I think it's silly to fomo that you know you're just ill I just wanted to be 20k again so I know that it could be as high as it used to be that's what I'm gonna get in that's silly if you really believe in this thing do you already know it's going to beat its all-time high it always beats its all-time high in terms of yeah we're one day closer to 20k pound that like button why wait – the day after 20k when you can get in beforehand there's no logic in that but of course I'm not an 80 percenter but I will tomorrow's video is about thinking like an 80 percenter and doing the opposite of what they do so it is it is good to think about what they do which is they FOMO and they wait until it's 20k again because that means it's cool you don't want to do you want to do the opposite and then they die versa once they're in and they diversify for the sake of that first vacation you don't want to do that but hey personal responsibility is a new counterculture if you don't believe me go ahead and experiment and learn the hard way okay do your own research people it's out there you can see I maintain my position the entire time we've had Clips lately about me speaking about it when it was 401 is 500 was 600 telling people to buy ten of them and know it I mean what's just happened it just hit for you Fiat Freak story the show it hit 13,000 so if you had ten of them you have $130,000 worth you know you paid $4,000 for $130,000 worth of a Bitcoin for you Fiat freaks have you been listening to me back in the day and I do know that some of you actually did so I congratulate and of course you get the crypto dividends I mean again if you bought Bitcoin back in um you bought Bitcoin back in 2015-2016 when I'm saying by ten by ten of them you also got have a be cash and and be gold which are four Forks a Bitcoin they're called crypto dividends when you win their Forks and when their air drops MWC is coming up yes I registered for MWC obviously I've said that a few times but yeah that's another thing I don't buy things I can get for free so to the guy who is desking about be cash why should anybody buy you you could've done it for free I got it for free okay Kim booga-booga-booga vien cent $499 in British pounds hi Adam once last Bitcoin is mined our miners gonna be satisfied with fees only well fees be properly adjusted how do you view this situation well it's not we should really be worrying about 21 I believe it's 21 32 because unless there's life extension technology or the mushiya has come may the most calm we will be dead but the thing to take into account that your real question is that it isn't the miners aren't going to be paid very much as the the rewards I get cutting cut in half every four years will will the transaction fees be enough for a time they will be enough but then for a time my aunt Ellen brought this up a long time ago tone base mining will transition into entities who it will be very much worth their while to mine at a loss or mine in a very small profit in order to keep Bitcoin going because their entire business model their entire empire will be built around Bitcoin there will be many enterprises in the future which entire existence will be built around Bitcoin and for it for mining to not be reliable would destroy them these are like trillionaires of the future so they will mine Bitcoin there will be different entities mining Bitcoin that then there'll be a different it's incentive structure in the future then now right now it's to make money it's to make us to make fiat money let's do some value their wealth in Bitcoin very much but it's going to change in the future there will be a different it's people are going to build these businesses that rely completely on Bitcoin and will become and if Bitcoin were – god forbid be threatened anyway it would destroy their empire so they will be the Bitcoin miners of the future so we this is how it adjusts the system will adjust over time it will be people mining they may be mining at a loss but it will be keeping other enterprises of theirs alive ok moving on what do we have oh here is uh something that some tried to fun on and it wasn't fun at all seventh this is from low's strife 7400 25 Bitcoin sold on by Nance and by the way thank you for the question Klim and for the the contribution thank you very much this is seven thousand four hundred twenty five Bitcoin sold on bit by Nance in 23 minutes tonight that was last night limit limit ass set at 200 to 400 below the rest of the market someone really walked it out okay so somebody somebody didn't really want out they they sold for they sold for less than the market and they got rid of it real fast and Bitcoin was around – is a huge exchange and Bitcoin was around whatever twelve thousand dollars in and it completely recovered all the Bitcoin were per were purchased and now bitcoin is actually worth more in Fianna as of this show so I think that's a positive thing in the old days something like that could have been a really big story and it caused a lot of panic brought the price down would cause a week of regret didn't anger and craziness and fine but now just just a regular regular type of event someone really wanted out and that means someone really want to in because it was purchased pound that like button alright and here is Odie who I'm going I guess I'll see him on a very very soon in person in Tel Aviv Budi says and this this has been brought up in the past and so some of you will think this is like a repeat but it's important to remind everyone of the centralization of altcoins and this is why you don't this is why be cash is not going to win one of many reasons he says i'm happy to announce the is there a single person that can cause your decentralized cryptocurrency your decentralized cryptocurrencies value to go to zero by dying in a car cap car crash research method if your degrees of the centralization research doesn't use this method you're an idiot okay that's less mean to say but he says then so then he lists some altcoins etherium yes so what he means by that is if that you're what if a specific person with etherium that person being vitalik died in a parked car crash it could go to zero he says aetherium yes ripple yes litecoin yes I guess if Charlie we did die in a poke that's kind of fun it's not funny it's not funny if Charlie word it died god forbid god forbid but um if if he were to leave this world that light coin would probably go I don't ever go to zero but it would be in bad shape even though he sold all his litecoin be fast yes if king of the trolls had a bad accident and exited yeah what would be the worth of B cash anymore seriously I don't know if they'd necessarily go to zero but the car cut in and he says he owes yes he says uh I guess finance coin yes yeah there are huge personalities behind certain ones of these coins and if they were to leave this earth it would be huge and actually there was fake news once about Vitalik leaving and and there was a big price drop but then then it recovered alright um someone says alright I think that's the end there of the show yeah that's it any more questions okay guys oh so it says dogecoin oh yeah actually yeah those coin is a freak because it's it's not changing either it it is what it is and that's it we'll we'll see what that means in the pits it's a ossified right that's the word ossification yeah it's frozen it doesn't have anyone who develop it either it just it is what it is our baby has a few people I don't want to be I want to rip on any dogecoin develops there's roaming choose says be SV is the only exception if Jim Jones disappeared it would increase oh my lord you know what that is really interesting Roman yeah yeah it would it would probably because I think some people would take it over yeah it would increase in value for in the long run it would it would go to zero though I think it'll longer and it would go to zero but shorter me it probably it probably would increase short-term Wow Wow well I'm just gonna leave it on that note then shit it's good to see you there man people making those videos i'm adam meister the bitcoinmeister the disrupt meister pound that like one bang that bell button if you need a reminder when this goes live well maybe if you need to remind it was I don't even get the reminders when I banged that Bell but for this thing anyway YouTube yeah we're gonna deal with it it is what it is if you if you don't like YouTube though you can listen to the shows on sports meister calm that's where all my podcasts are I click on those squares follow me on tech vault-tec HB alt get all the shirts below there will be a show tomorrow but I will see and maybe I'll be at the airport and like live chatting with you watching my show with you but then my next live show will be on Thursday and I'll see you guys in Tel Aviv
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