Surviving China’s Bitcoin Crackdown, Where to Hang Out and Wait: Vince Lanci

As Bitcoin takes a major hit following Elon Musk's tweets and China's crypto crackdown, Vince Lanci breaks down the news with Daniela Cambone— and advises long-term investors to ignore the volatility.

#bitcoin #china #digitalcurrency

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[Tronzie]

This is the kind of hosts I like to see. Clear consise, to the point. Thank your Daniella 👍🏼

[mdavid]

Wow! I saw it was Vince Lanci and I couldn't click play fast enough. Great interview, Daniella Cambone.

[sangEta]

Bitcoin adoption: USA 20.3%, Germany 19.0%, France 6.2%, Netherlands 4.4%, Canada 3.3%, UK 2.8% (discouraged), Russia 2.5% (banned), China 2% (banned). I see 2 populations becoming the winners here, USA and Germany!

[randolphmank]

10, 000+ different digital currencies, each proposing to take monetary control from govts - what could possibly go wrong?

[steveg]

Vince has a very well informed understanding and level headed approach

[shortposition]

Vince is extremely talented in finace understanding and the way he provides valuable information to beginners and experienced investors,

Thank you Vince.
Best regards.

[thetakongpancake]

You look really pretty today Daniela O:)

[verygrateful]

Hair looks phenomenal today, Daniella!

[redwineblackpiano]

Always great insights coming from Vince, thank you so much, both of you !

[JamesBond-vgwz]

Lock your Bitcoin in your toolbox and keep it for the future.Dont let it become your toolbox.

[kamanijefferson]

"Volatility is a tax on your patience." 🤔

[toddmurphy]

RIght, Vince! Volatility is taking one's eye off the ball if a long-term play.

[Captain_Tiger]

One of the best interviews of Vince on this channel.

[alr]

100% of precious metals ever mined are still worth something today. What percentage of cryptos still have value?

[jethroe]

This is the first time I've had a chance to really listen to Vince. As someone who is VERY involved in this space, I can assure you this man is prescient and spot on. His comments on volatility are something to be taken seriously, and his advice on participating in this asset while leveraged and actively trading need to be heeded. Thank you for bringing this out, Daniela.

I would also like to reiterate how important it is for Bitcoin to move out of China. I seriously hope this is not another, "China ban Bitcoin" meme video as seen on Reddit, but actually happens. The best thing for worldwide adoption of Bitcoin is to have China ban it. Many China based miners are taking this latest threat more seriously, and are searching for offshore alternatives, and some are liquidating operations, and hopefully freeing up mining rigs, which can not be purchased right now. Poolin mining even began moving coins back to exchanges to sell in order to raise capital, and indeed this put pressure on Bitcoin's price 48 hours ago.

There are only 6 major ASIC chipset mining rig producers, and they are all sold out for the foreseeable future. Demand is so great that companies such as Antminer are requiring commitments to purchase entire production runs. Bitcoin--decentralized and free of government control--is incompatible with a country like China. The CCP wants to control all currency through a digital renminbi, and then watch it's movement in real time as a further way to control the population.

[mauiccio]

Is good buy gold or not at This time ??? I didnt understand, jp Morgan is reconmending buy gold?? But was sarcasm!!?

[redbelt]

Pslv allocated
For example, 1-ounce silver coins have been recently priced at $40.06 when spot silver is only $26.96 ounce – that’s a 48.6% markup!

[markod]

If this bitcoin crashes down it will not be a surprise. It kind of sound like 1929, when you could get latest stock prices at the barber shop. Hopefully an ordinary person has learned something from history and will not lose savings. Finally Where does the value of bitcoin come? There are many other cryptocurrencies. Who thinks governments will allow existence of currency they do not control? Throwing money into bitcoin is gambling, not investing.

[AmrishKelkar]

Great video and exposition by the guest. Except the last line -- if bankers are pro-gold. You want to be short it, not go long.

[kingkenny]

JP MORGAN are definitely the ones to trust 🙈🙈🙈