Toxic Bitcoin Saturday (Your Questions Answered)

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In this video, I discuss various comments and questions including:

1) Is it significant that XRP is decoupling from BTC?
2) The many risks of trading alts to increase one's BTC stash, including black swan risk, risk of loss by the exchange, and the risk that you may never be able to withdraw all of your BTC winnings. Trading alts is also highly tax-inefficient and never works over the long-term.
3) Why gold needs to at least keep up with the rate of inflation to be a good store of value
4) Why you should avoid anyone who wants to sell you their crypto as "silver" to "Bitcoin's gold"
5) How Bitcoin will end up trapped inside the US banking system and elsewhere
6) Why you should never use the Coinbase Wallet for cold storage

Correlations come and go. Pay attention instead to the underlying fundamentals of the asset. BTC is very different from fiat, alts, tech stocks, bonds, etc though at times it may be correlated with some of them.

Over the long-term, fundamentals matter. Bitcoin is a one-of-a-kind scarce digital asset.

Not investment advice! Consult a financial advisor.

You're Running Out Of Time (Bitcoin):

Why Litecoin and Dogecoin are slower than BTC:

Like Bitcoin, gold is money for enemies:

Coinbase's crappy wallet:

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

Disclaimer

[Bitcoin_University]

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[adamsawyer]

I love toxic Bitcoin Saturday! Please make it a regular occurrence! 😂

[holyscapegoat]

😂 I, for one, think toxic Bitcoin Saturday should be a thing. The dog crap comment was pure gold.

[VBTC]

I agree, Toxic Bitcoin Saturday, should be a thing. Too many people are standing clueless and asleep as a freight train steams towards them.

[billyjean]

Matt, keep doing this format.
This was one of your best.
"My dogs crap is also decoupling from Bitcoin."

[theantil]

Oh man I already see it now:

Me in the 90s: waking up on saturday morning and watching cartoons

Me in 2020s: waking up on saturday morning and watching Toxic Bitcoin Saturday 🧡

[evawhite]

I like Toxic BTC Saturday. Keep it coming!

[Sbflex]

Absolutely love this discussion model Matthew. Keep destroying these rumors and dogmas. I love to reference your channel when someone comes back with any of these comments you’ve so eloquently cleared up.

[atticus-rex]

I like you. Finally someone speaking the cold hard facts and speaking them straight! Subscribed to you as a person, even though it's like preaching to the choir for me. When you know, you know. Keep up the great work!

[Willdabeast]

Love the rapid-fire Q&A format! Perfect for the countless BTC questions that don’t require a ton of depth!

[billpickford]

Buying ship coins definitely taught me a lesson early. Thank goodness. Got rid of them all and I am 100% bitcoin now over four years ago

[ryszardmacko]

Keep them coming Matt. I’ll be looking forward to them each Saturday .

[edfox]

This is great! I like how you’re blasting through answering a variety of common misunderstandings and FUD in a single video. I think this format will really help to consolidate and accelerate the education, especially for newbie-subs. I vote to keep going with this.

[freedomfight]

I think having good replies to the arguments against it is really important for the idea to keep spreading. Good format!

[matt-dpkf]

I enjoyed Toxic Bitcoin Saturday and would like to see more of these. Thank you.

[roadrunner]

Definitely enjoy the "answering various questions" format.

[davidthompson]

Thanks Matthew. A great Saturday weekly roundup of a few people's thoughts

[whatsgood]

You got a vote from me for this format. Bravo.

[Bitcoin_Shango]

I can dig it, Mr. Matt 👍🏾

Thanks for all the great info & take care, everyone ✌🏾

[richg]

I like the format Matt. Your consistent dispelling of fud brings strength and clarity to the Bitcoin community. Keep up the great work!