IS BITCOIN THE FUTURE?

IS BITCOIN THE FUTURE?

In this video we do another basics deep dive session on Bitcoin! Do I invest in bitcoin, should you invest in bitcoin? what are the pros and cons of investing in bitcoin? Is Bitcoin the future? Is bitcoin safe? How can you invest in bitcoin if you are from the Philippines!

This our Bitcoin 101 session for 2021!

I hope this video helps you!

#StockSmarts #StockInvestingMadeEasy #Bitcoin


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What is Bitcoin? Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins.

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To mail us stuff:

Attn: Yvonne Goh Germo (Please email or call first so we know we are expecting)
28 A Roxas Chua Circle Pacific Village, Muntinlupa City, Metro Manila, Philippines

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[leemitlessX]

13:37 Bitcoin is up NOT because of Mass adoption (still not yet there) but because of weakening dollar (check steady decline of the dollar index DXY), inflation due to the new stimulus package in the US ramping up printing up to 3-6 Trillion dollars, traders looking for non-correlated asset (circa 2018-19) away from stock market volatility of certain sectors that had been bailed out of the pandemic like the airlines, hotels, restaurants, and tourism. And bulk of the bull buyers are coming from institutional investors like Greyscale and Fidelity and companies converting their balance sheets and treasuries into a safer assets in contrast with the 2017 bull run. And that bulk would be much much safer as these institutions will NOT SELL OUT in short term nor mid-term, but for their 10-YTD treasuries.

[tisoyarticles]

Very balanced review and advice. Unlike other "passionate" bitcoiners who went too far by using debt, credit cards to invest in bitcoin.

[elmerdelcarmen]

GoodDay!Sir.Marvin thank you for enlighten my idea about Bitcoin.GOD BLESS always🙏

[nmamparo]

Hi Marvin. If I may add, there are only 21 Mio BTCs that can be "mined" in the blockchain. Hence, its eventual scarcity will make it more expensive in the future. This is precisely the reason why institutional investors and even some central banks have started buying and maintaining BTC as part of their investment portfolio being another asset class itself. As you mentioned in your video BTC is something one can use as a hedge against fiat currency debasement.

[robigonzales]

Im convinced sir marvin.. 😎 ill go all in 🚀

[JFS]

Yes.. one and only..

I agree with your indication of full adoption..

[John-pidz]

Thank you Sir Marvin. God bless you more!

[oscarresonable]

Lets support blockchain technology. $BTC $ETH $ADA $XLM $XRP #Crypto #Digital

[jeffjanssendegala]

Very well explained sir Marvin. Thank you!

[rachelmahatha]

Thank you Marvin for this video, I’ve been trying to learn about Bitcoin. I learned a lot on this video. ❤️

[leemitlessX]

18:10 Savings are better put into bitcoin as platforms offer APY interest rates that is astronomically higher. It's good that some can source out funds from other investments like real estate or bonds. But as you can also see the momentum is driven by corporate entities themselves converting their very own treasuries to safeguard their assets from inflation of their fiat currency. Right now BSP shows PH is at 3.5% inflation. What will happen to your savings with less than 2% interest rate in you banks sitting idly?

Also check decentralized finance of bitcoin via wrapped bitcoin (WBTC) in the Ethereum network. A bit advanced level, but once you had it set up, you'll reap rewards better than in your bank.

[PatrickMiguel]

Lets GO!!! watching your videos is the first thing i do in the morning!

[winchister]

Good evening. What is the difference between bitcoin and stock market
Thanks. Hope I can get the details regarding my concern. Thanks

[leemitlessX]

13:20 As an asset with highly appreciative pricing and deflationary, it wouldn't be the digital money to be used for daily retail transactions and commerce. Also with the public ledger on the blockchain, any one with the understanding of cash transaction as a safer means would not use bitcoin but instead use privacy coins if they would want to transact online.

[veecee]

@sir marvs pwed po malaman kung anong crypto wallet ang gamit nyo po.is coins.ph or binance are good?whats the pros and cons?tnx

[nthnmlv]

Thank you sir for this great video. Really helpful as I study more into it

[Manolo]

Wisely said just invest your extra money that you can afford to lose. Btw Sir 2018 pa pala bitcoin mo congrats on todays value💰

[leemitlessX]

4:30 The controversy lies with the nature of cryptocurrency as non-sovereign, permissionless, decentralized network where no entity governs them only hardcoded cryptographic functions.

[ma.contessalingaya]

yes i have 1100% gain, i just started last march 2020 using coins.ph as a beginner. now i am transitioning to binance

[sakurankwats]

Thank you very much Sir Marvin for this. I have been waiting for you to do a video on cryptocurrency specifically on bitcoin. Hope you come back to Japan soon after the pandemic for Stocks Smart 2021 ? 2022 ?