Blockchain

WORST FINANCIAL ADVICE EVER? BITCOIN “EXPERT” ADVICE MADE YOUR WALLET CRY.



Bitcoin has constantly been said that it would go to zero by financial experts like Peter Zeihan, Jim Cramer and Peter Schiff.

Not only was this false information but the WORST FINANCIAL ADVICE a person could have listened to.

Today we’ll take a look at just how far behind the average investor would be IF they had listened to that horrible take and how far AHEAD they would be if they just would have invested in Bitcoin.

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0:00 – Market Recap | Topics Overview
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#BITCOIN #ETHEREUM #CRYPTO #SOLANA
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

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42 Comments

  1. I took profits Rob because of the need to activate the sell muscles and because it feels good😅 your right. Investments are there to improve your financial life😊

  2. Chinese communist party could be satoshi, 1. they play the long game better than anyone 2. They ban mining it for their people because they have to keep them poor to control them 3. They might just be waiting/encouraging the collapse of US dollar as world reserve to usher in BTC era, then bam, world domination, idk

  3. Those individuals who are considered brilliant and knowledgeable in a slice of the financial world and yet leave their lane of expertise to analyze a new asset class such as Bitcoin without studying it as they should and marginalize it as a less than viable option/solution to the current monetary/fiscal problems we face, show a lack of wisdom and an ignorant position. One should never cement themselves into a position without due diligence.

  4. Wall street halting trading is different than solana going down. Its like comparing turning off your car ignition or your engine blowing up, both end result engine off but one was commanded.

  5. Here's a thought. What will you do when the Feds come looking for you BTC. At some point they can seize wallets just as they did to gold. KYC has allowed this potentiality.

  6. No. You should not listen to Peter Zeihan at all about anything (and not just when it comes to bitcoin). He has no special insight about anything. He only repeats what is considered common knowledge in certain circles. You can learn what he learns by watching smart people on YouTube who actually know what they are talking about.

  7. I mean, Bitcoin will eventually go to zero once some new technology (quantum computing ?)will make it obsolete or unfeasible, but that won’t likely be in our lifetime.

  8. Core Scientific mined 1,207 BTC in January ≈ 356 co-located mined, and approximately 12,000 in 2023. That makes them the largest holders of BTC miners, I think. That's what they claimed on LinkedIn. 😊🎉

  9. Lets be honest, what drives BTC price are news and narratives ! We all knew hype will return around halving and thats the main reason we saw ETFs and people excited again

  10. Rob, without those clowns fudding BTC, we would not have been early the last Years. So i am thankful they're not understanding this Asset yet because they will in the future. I am happy to frontrun those guys. 🙂⌚️

  11. Wealth CAN buy you health in the US. I’ve been waiting for a life saving surgery for 6 months. My insurance is in a standoff with the UC medical system. If I had wealth I could get my surgery in a hot flash second.

  12. How can you take profits when you are getting back into crypto after Gensler scared everyone into selling. That’s what I did. Talk about bad advice. Oh well. Waiting for the highs. 🙂

  13. If these "experts" don't know about a particular investment like BTC, they should just say so, instead of puking regrettable advice to their followers. Despicable.

  14. Enjoy the game, Rob! I live near Kansas City so I have a bit of a bias toward one of the teams, but they are both formidable teams and it's going to be a great Super Bowl! Great episode here, and I particularly liked your answer to the inquiry about why someone would sell Bitcoin at all to go back into fiat, if even just temporarily. As someone who has personally ridden two cycles all the way up and all the way back down, I wish I would have previously heeded your sage advice to at least sell and take some profit, to then reinvest and accumulate even more when the timing is right. 💯

  15. ''when he talks about geopolitics he's on top of things, but about bitcoin, not so much'' = EXACTLY. Reminds me of when people were asking Elon Musk about how long the bear market would last. Of course Musk got it all wrong. He's an entrepreneur, not an economist! It's like asking an electrician for plumbing advice.

  16. The clip where someone says a 2% BTC/98% cash portfolio outperforms the S&P500 = incorrect. S&P 500 from Feb 7, 2020 to today: 48.9%.BTC from Feb 7, 2020 to today: 334.9%. A portfolio with 2% BTC and 98% cash would have a cumulative return of 8.7% over that time period (assuming cash return was 0%) vs the S&P 500 of 48.9%.

  17. just because someone is smart doesnt mean they are right. if they cannot understand why something cannot have value thats perfectly fine. plenty of scientists said flight is impossible. plenty said cars are ridiculous and stupid. same with the internet. do you see a trend. the trouble is with these s curves slowly replacing its former. what survives and what dies. in other words what becomes a google or netflix? what about a blockbuster. its not that these people are right or wrong in the respective arguments they bring they can have weight to what they say however they may have a bias neglecting other information that may produce either a stronger argument or a reasonably strong argument for this technology to have value. again what makes it i haven't a clue in any way. this is still beyond the wild west here. but i do know this is probably going to be made into something the cbdc argument in itself is enough to grip close to this stuff. but learning how to protect oneself is probably the best way forward. because for a lot this just isnt right for them. they dont understand it they dont want to and thats fine. they dont need to use it until they are forced to from cbdcs lol.

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