Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is august the 16th 2020 strong hand buying over crime personal responsibility is the new counter culture buy and hold this game is not rigged it's the golden age of the 2020s bitcoin is the next bitcoin compete don't complain remember that aprex predator one day closer to an all-time high i am offended by selling don't fomo on all coins we're going to talk a little bit about that today hello my least friends you have questions do you have questions i have answers type in bitcoinmeister or do a super chat make sure you watch yesterday's beyond bitcoin show at the backup channel or at disrupt meistercom follow me on twitter at tech ball t-e-c-h-b-a-l-t tech balt all right uh i'm just gonna start out this guy like i think he's in france or i don't know his name he tweets out sometime this weekend i just i just got a hold of this tweet he has the 210 000 block theory dashboard this dude was in motion you this is the most important chart in bitcoin okay now what is it 200 we're going to go over with the 210 000 block theory is i've talked about it many times i believe in the theory all right you take any point in time and you subtract 200 100 000 blocks from it which is roughly 46 months which is roughly four years uh and bitcoin in terms of the dollar is worth more all right so you take today you subtract two or ten thousand blocks bitcoin is worth more so if you in theory you go 46 you go 210 000 blocks into the future bitcoin should be worth more in terms of fiat for your fiat freaks so this dude makes it real easy for you dudes to see you go to the chart you can pick roll scroll your mouse along the chart on whatever day it is if it's july the 11th 2020 july 19 2020 and it'll show you the price for that day and 210 000 blocks beforehand right there and you can see it right then and there and any date you pick beforehand to 210 000 blocks beforehand it is worth more it's worth a lot more i i mean it's amazing uh how how much life can change in 210 000 blocks and how that theory has remained true so uh may continue to remain true and for all you know coiners out there or people with excuses this should this is this really simplifies because people love complicated charts and complicated mathematical formulas this isn't very complicated but it's true you just go back in time two hundred ten thousand blocks it's worth more okay and and again just stay i'm exci i i believe in the theory so we go to december uh whatever the all-time high was december the seventh the december the 17th 2017
210 000 blocks after that is going to be october of 2021 so will it be more than uh 19 600 that day pound that like button you fiat freaks but that chart great that i love people making stuff like that okay that that is true in motion right there and okay so good job dude i copied him on the tweet retweet that tweet at tech vault people retweet that this video is live right now dude get get spread the word this is you know and something else i want to say about that chart all right i'm the first one doing a video about that freaking shark okay this is unique beast information all right elite type of information you aren't getting it anywhere else this is insider freaking information and it's something that everyone can understand you don't need to be a a programmer complexity worshiping person no there it is that's bitcoin buy and hold and worry about it in four years 2024 having all right oh this i i've got i got your original content here all right now and speaking about originals and people share your stuff with me if you've got me if you have something important to say i'll say it i'll spread the word for you in the comments section say something crypto beacon and i think i shared this before he said holding over folding yes leave sayings like that in the comments section if they're good i'll repeat them on the show now chain link oh god i almost just vomited clearly if anyone's needed an example of what is the altcoin flavor of the month there's your altcoin flavor of the month now why why i i'm i'm yelling about it why why yell about it why be happy about it because it teaches you a lesson that it changes from year to year month to month whatever every month there's a new one but when that thing sells off where's the freaking money go where does it where does it go it goes in the bitcoin so hey some of the profits that you freaks you gamblers are gambling on with the chain link it'll go into a bitcoin so there's my positive spin on the uh degenerate gamblers and their new flavor of the month i see some familiar faces over there uh talking about some weird stuff in the chat let's stay on topic here all right and if you got questions i got answers i'm in a big rush i got to go run eight miles right after the show is done now hey watch this week in bitcoin oh my lord was it a great show al's lacrosse made his debut adam hoddleberry and uh david bennett were on the show found that like button for them micro strategies been in the news a lot lately i just want to say one weird thing about it it's ticker symbol is mstr is there a ticker symbol that is closer to meister than mstr that's kind of strange that would be my tigger symbol mstr meister microstrat hey that's their ticker symbol a lot of people are buying it why buy it but the people i respect are buying in whatever they like stocks gold come on dudes i'm not old school like that it's all if you want exposure the bitcoin then you buy the freaking bitcoin not the company that's buying the bitcoin but good for that company buying that bitcoin all right so let's talk about some traditional people out there i in the iran brook everyone knows i watched iran brooke i i think uh i don't agree with him all the time he's a he doesn't know enough about bitcoin so i i noticed he had just gone live with the show it was last night before i did my show so i left the comment and i knew it would get attention because it was the first comment left and i just said you're on you've had issues getting your money from youtube and they can discriminate against you and if you if you want uncensorable money and you you're given a use case for bitcoin right here and you say you don't you don't clearly don't get bitcoin that much well here here's something you can do with it well he didn't reply but of course some of the people over there and you got to love this type of no coin you gotta love them they love the theoretical so he brings up the is bitcoin real wealth or something like that or is it a representation of wealth you know you the nitpicky theoretical uh university stuff that's that's not the real world and in the theoretical world you can get into these arguments and think you're really smart because you want a proper definition of what wealth is but in the real world let me tell you something i bitcoin is wealth bitcoin makes people rich um i've got i've got experience with that right there so it reminded me i didn't i didn't after that after after the dude tries to get theoretical i'm not wasting my time and it reminded me of a title of a ties and video uh are you arguing with broke people about making money pound that like button so yes broke people you it's great that you know the theoretical uh definitions of what wealth is in uh the encyclopedia britannica webster's webster's dictionary encyclopedia britannica is different uh webster's dictionary uh but dude in the real world the real world doesn't care about your theoretical nonsense all right uh i've got a pretty good feeling that uh you might know the theoretically what wealth is but in the real world you're just a poor little no coiner found that like button and uh yeah so i did i and i i practiced what i preach i left something there i didn't get an argument with dude moved on but it's just i want to give example to all you dudes what you experience when you when you leave comments in the no coiner normie world you get these dudes they want to talk about what the definition of wealth is you know bitcoin isn't true wealth all right bit bitcoin isn't true wealth but winkleville are not wealthy because of bitcoin uh uh the tizen is not wealthy because of bitcoin it's just our imagination now uh anyone here is vinnie langham who's who's also wealthy um partially because of bitcoin anyone who went through the last boom bus and i linked to the uh brook thing so you can leave comments don't get into arguments with the no pointers uh but you can check out when i'm exactly talking about this nitpicky theoretical nonsense now anyone who went through the last few boom slash bust cycles crypto cycles he calls it vinnie are probably noticing the early signs of another run yeah this run is likely to be more discriminate and concentrated on key assets that have created value over the past few years and show promise rather than new ones so i i i think there i think he's got a point here okay this is going to be a different type of bull run bitcoin will do well now just like last time so there's a similarity but last time everything did well six tier altcoins seven tier all coins every single ico this time around if you still got that bag of six tier and fourth year and third tier all coins you're not getting saved okay so it's gonna be more discriminate that way in indeed indeed and concentrated on key assets i think certain alt coins are i think ethereum is going to do very very well um and but at the same time the d5 thing will take the place of the ico thing okay and that's not very discriminate that's uh that that's and that's not about creating value either so some of the d5 stuff that's going to get pumped up some of the dudes uh are saying that yes this deep by stuff has created value that's why it's going to go up no it's it's because of marketing i i think a lot of it so we can argue about that aspect of the the next uh the next bull run it or do all coins really create value other than aetherium i i i i don't know i don't think so so i i i that's why you don't gamble that's why you bet on the real thing you don't bet on the real can you invest in the real thing and that is that is bitcoin is the real thing but i do agree uh about the being more discriminate and and being more concentrated on certain assets than last time it's not going to be every single six tier and third tier ninth tier altcoin going through the roof you guys that have bags of that stuff you're not gonna get saved necessarily probably not all right and on that note why the heck is aetherium surging we actually talked about this uh very briefly on the uh this weekend bitcoin show i linked to an article uh from again people are betting on their people are getting hyped about defying ethereum 20 uh we we we've said this uh a few times but uh people are it's very noticeable now i do want to give a little bit of a warning for people out there that haven't lived through flipping hype uh people will predict it it'll get to a point probably possibly uh where uh people are going to predict that the ethereum coin market the ethereum market capitalization will uh jump ahead of bitcoins now in pure i want to give you the numbers it would take for that to happen so just prepare yourself if you think that one ethereum one one ethereum which is now what a three and a half percent of a bitcoin or something like that i don't know it's something like that three point three percent of a bitcoin if you think one because you gotta value your wealth in bitcoin if you think that one ethereum will end up sixteen and a half percent of a bitcoin point one six five bitcoin if you think of one ether will it equal 0165 bitcoin then it is at that point that the ethereum market cap will uh be more will that's what it takes for the peer market cap to be more the bitcoins okay so that that's uh in terms of bitcoin it would have to fight it would have to just about 5x from from where it is today and hey it's bitcoin is still the next bitcoin even if the market cap of the theory there's so many darn ethereum out there whatever it's it's you know if the market cap ethereum is going to be more than bitcoin then great if that many people are going to hype it up that i i i does it doesn't really bother me at all with the coin market there's there's lots of ways to manipulate the coin market that's just that's one way of looking at value but that is what the flipping is is based upon so i just wanted to put that out there throat give you so a real number uh i like uh what's this what's the darn measurement that i like that uh nick carter always talks about the uh whatever the the value that the last time that the coin moved i forgot what it's done called okay doesn't matter now uh well speaking about uh flipping and hype and altcoins oh and uh mainstream mainstream uh crypto coverage here uh this is uh the coin telegraph uh this was thrown out because i do check out coin telegraph as you got it you gotta check out everything uh to just keep up to date total fluff youtube channel how to build an optimal crypto portfolio top crypto investors explain and so rand new muir muir the ran he's he's been on my show before i was on the show once um yeah so it's getting frothy out there when rand is talking about how to build a uh optimal crypto portfolio uh his show is not on anymore is it uh i'm i'm pretty sure his show is is no longer on uh cnbc africa whatever uh and uh so now he's he's he's telling you how to build an optimal crypto portfolio you know what the optimal crypto portfolio is it says it on my freaking shirt all right pound that like button now crypto i want to vomit when i but yes get ready people will be hearing about krypton portfolios in 2021 and the true value that these all coins have uh produced hey speak so let's uh let's talk about growing popularity of uh bitcoin congressman tom emmer is having a uh the first ever crypto town hall on thursday i link to the article below that explains how you can register it i don't have time to play that game i i give him credit for for having the first town hall it's a campaign event though so he it's a marketing thing it's it's to get attention it's to get donations probably but some people if people have time they could bring up like hey dude claire get get this clarified the crypto dividend tax situation all the all the the the the ridiculous uh get get the irs to clarify the tax situations make it to make it real easy to make it very clear that hey it just just make it simple that you have cryptocurrency you you go into the fiat realm that's when you pay your taxes all right if you gotta have to pay taxes that's so so make it make it easy like that tom emmer someone wants to bring that up but hey good for him he is the one dude or the main guy that talks about it among us all amongst all those uh sociopaths in the united states congress and if if you're from minnesota you've got some very interesting congress people he's clearly the best one much better than the that you know who over there now uh what is what is also this uh oh yeah here about d5 this is this hilarious bruce fenton has a hilarious little clip he says this short video works to explain defy tokens staking farming and how it all works in a clear manner as possible it is a joke it's filled with uh funny buzzwords and yes most of the defy token defy and tokens and farming it's just a bunch of nonsense revolving around buzzwords that really makes no sense at all and he presents it in a very funny link to blow jimmy song had a great tweet he says altcoins 2013-14 blockchains 2015-16 icos 2017-18 and d5 2020-21 bitcoin envy is a permanent human condition oh pound that like button it's a strong word but a lot of the dudes let's boil down envy to all of those entities uh all those promoters whether you'd be an altcoin promoter a blockchain promoter an ico from a a d5 promoter so many of those people want to have the next bitcoin they're trying to to complicate matters complexity worship and have the next bitcoin uh uh it'll keep on happening if you want to call it bitcoin envy yeah we'll keep on having it they're always going to be coins trying to are not just coins but the concepts trying to be the next bitcoin bitcoin is the next bitcoin hey remember dudes don't well it's the welfare dollar okay that's what keeps this dollar thing going blind unity blood a unity is not it can be a really bad thing blind unity is very bad uh there is so much blind unity behind compliance in the united states of america right now so many compliant people that it's all about blind unity and if you think they're willing if you're like oh they'll discover how lame the dollar is everyone will give up on the dollar you think the people that are locking themselves and their children in their houses right now for no apparent reason are all of a sudden gonna say oh the governor i don't believe in what the government is telling me about my money no they're not they're 80 percenters they're blind compliant blind unity welfare dollar and they're all and they love getting those checks baby they more and more people are getting that's that's their income now what's wrong the government's giving me months off i'm getting 1200 checks it's all great well it's called the welfare dollar people are people always say it's the petro dollar that keeps it alive no and i this is a concept of mine i haven't talked about for where while it's well for a dollar i should do a show about it it's not going anywhere clearly if 2020 has taught you anything about the dollar the welfare dollar concept has just gotten stronger the compliant people in america who don't question anything have just increased all right so this intermediation that term i love it always ask yourselves this people who try to promote uh all sorts of is there a third party always ask yourself this is there a middleman is there a middleman that is what you should be asking yourself in in this space because you shouldn't need a freaking middleman in this darn space you shouldn't need a middleman but gbtc uh their grayscale it's a middleman it is definitely a middleman a bitcoin is about this intermediation get getting rid of the middleman getting rid of the numerous middlemen now there's there's definitely uh there's definitely entities that have been uh brought about in the cryptocurrency space uh they are middlemen themselves but they've gotten rid of like 50 other middlemen so you can give them credit for that but in the bottom line the bottom line is always ask yourself is this some why is there if i'm in uh if i'm dealing with bitcoin why the heck is there a middleman here why did i need this why did i be gbtc why did i be grayscale now speaking about that though traditional people traditional finance people are used to middlemen okay they do not ask that question they do not ask that question is there a middleman so lo and behold grayscale had that big advertisement campaign and it might be a coincidence it might have something to do with it 217 million dollars they break in after that okay 272 million dollars was thrown at them uh by people saying take my money and uh tell me that i own bitcoin when i really don't own bitcoin what what barry silver's got over there he is in motion you got to handle it to him he's got a middleman product he's the middleman and people are tossing millions of dollars at it and uh and more normies found out about it because of the the marketing uh the advertising campaign that has started okay good spend your money do your thing throw be a normie and throw money at him bitcoin is the next bitcoin you'll be complaining in uh in 2025 uh when all these dudes who watch my show know about the 210 000 block theory and got into bitcoin and didn't play around with defy and nonsense in this than the other uh and i do have a question for all the gamblers out there who who still to this day are like oh all coins are pumping and i'm buying this all coin and i'm just gonna flip it later and for more bitcoin all right so you value your wealth of bitcoin i get it i do i have a question though these six tier and fifth tier all coins and d5 tokens maybe not the defy token but the the all coins where are you storing them do you know how to store them do you know how to move them off of an exchange you know how to create a wallet that you control your own private key or or are you just keeping them on some chinese exchange somewhere on this question honest question you're gonna make all this bitcoin by keeping your fifth year altcoin on a chinese exchange for an indefinite period of time and then hope they're gonna let you get it off hope it doesn't get hacked i mean it's pure gambling if you if you value your other bitcoin like that then where you're going to flip it eventually why not just get into the big point now okay just saying all right five digit realm dude five digit realm hey and i'm a lot a reminder to everybody september 29th to november 24th i'm going to be in salt lake city and uh i hey but one beyond bitcoin moment uh type of uh first of all watch the beyond bitcoin show link to below but between that show which ended what last night at 2 30 in the morning and this show uh which is it's now 5 30 in the afternoon i read an entire book i read a book called the parade by dade eggers it's 179 page book i liked it i really enjoyed it obviously if i read it before i went to sleep and then read it for uh today and i completed all 179 pages between shows uh it's good exercise for your brain reading a book i recommend i'll do a review of of that book and the motorcycle uh zen book which took a lot longer to read but yes the parade by dave eggers if you if you even if you've got a high school kid that needs to do summer reading or whatever it's a good good book for even a ninth grader or 10th grader people to it's easy reading it's good stuff it's it's good and it's the ending is good all right i'm adam meister uh the parade by dave eggers i'm adam meister the bitcoinmeister the disrupt meister yes and i i'm i've added something to my uh my whole system reading reading reading fiction this is something you can always add to your system and you know if it involves you know uh exercising the brain i love it i'm the bitcoinmeister the disrupt meister yeah it's really adam meister that's me pound that like button and again thanks for all the support and please the best thing you can do is uh retweet it and spread the word i'll be back you get a new show every day that's freaking conviction that's my system i'll see you on monday bye bye thank you
