#108 The Bitcoin Tipping Point, Banks & Wall Street + 10% BTC in Savings?

After years of #banks calling #Bitcoin a fraud or a #PonziScheme, at some point, as the customers of the banks start to feel or worse, to know that have been missing the boat, these banking clients may get upset as they see the rockets start lift-off on mainstream media TV, ...and the #FOMO starts hit-hard.

And we are seeing in the news, #GoldmanSachs will likely Stampede into Bitcoin very soon; And #Bankers are giddy for #Blockchain, as #Trillions! in #Derivatives, and #Quadrillions! in #Securities Transactions, will make more money, than ever before, and faster, than ever before.

It's more clear than ever, #WallStreet Can No Longer Dismiss Bitcoin, since the Demand is Too High, and this means you can't dismiss it either. #MarkCuban is giving tips on how to get rich, and it includes buying bitcoin.

So, What are the risks, of risking what we can afford to loose now, And if everything changes like a #BlackMonday #BlackSwan Event, what are the risks of doing nothing. Let's Discuss!

=== Show Links on #SteemIt ===

=== HOW TO HELP ♥ MINTING COINS℠ ===

1) WATCH, + Subscribe, Like, & Comment :)
2) DONATE Crypto, addresses below ♥
3) FOLLOW & Upvote us on STEEMIT!

=== DONATION ADDRESSES ===

♥ Donate BTC-Bitcoin ♥1G5QaqZH6WQ5wcFb6TGbHoT7Ugct6TYnML
♥ Donate ETH-Ether ✯ 0x2184b97649a1689E7F92b11f217AF8ae39f701Aa
♥ Donate DASH ✯ Xmi5w4F26VPt2C5pSJQahe8969V43zrP2J
♥ Donate LTC-
...Litecoin-SegWit ✯ MTPicHRLbBwmqcSEAyhm9qXox2GdAb6iBb
...Litecoin-Legacy ✯ LWszzXf68mCbXj58x9gVKDUCYfLWch4L9U
♥ Donate ZEC-Zcash ✯ t1VqC9NL5o3DkNBzKB4fPvtDsdGQ1h2F2nR
♥ Donate BCH/BCC-Bitcoin Cash ✯ 1FXxpWiHh9XoCNrRpb8ii61aecYDDCp2do
♥ Donate XMR-Monero ✯ 49E4qvpriNgJ8C1wD9iSDDcSiSqXFwUUdP7XRnhw7CbfT5mLeGk2M5n6pZtu5P6sk7KficCFCpFUdSpfBqguP1HR6iahc6u

=== ABOUT Minting Coins℠ ===

It's time to join the Blockchain & Cryptocurrency Revolution.

♥ If this video helped, inspired, or enlightened you ~
...then please Follow, Like, & Subscribe to HELP our channel!

♥ E-mail us any screenshots, footage, or ideas
..for future episodes, to: MintingCoins 23 @ gmail .com


♥ Minting Coins℠ Official Website:

MINTING COINS℠ T-shirt & Accessories!

=== Copyright/Copyleft ===

Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for purposes such as criticism, comment, review and news reporting is not an infringement of copyright. We are making such material available for the purposes of criticism, comment, review and news reporting which constitute the 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. ALL footage used is either done under the express permission of the original owner, or is public domain and falls under rules of Fair Use. (This is a fair use disclaimer that you can use too.)

[MintingCoins]

✯ Desktop Tips: Hover the Video --> Click the "gear icon" --> Select "Speed" --> Select "1.5"
✯ Plz Click "Show More" for our Show Notes, Donation Addresses, & other details!

[rossh]

full support from England gaz quality mate

[thecount]

Great video. Keep that hopium flowing.

[vidasera]

Great video, very informative! Thank You!

[violetrocket]

10k in Zimbabwe?! Other markets will catch up soon. Any thoughts on altcoins? Thanks for the education! =)

[jarekpiotrowski]

Can find out the 200 day moving average?

[jarekpiotrowski]

Very excited about indahash - are they essentially gamifying the influencer market? Will profiles start having a tangible value?

[techbizcanada]

Banks do few things really well. One of those things is formulating strategies. Here are few possibilities no one has yet considered:

1) Banks can chose any crypto currency and turn it into bitcoin by pumping 100 billion dollars into it.
2) Banks can fork bitcoin and pump 100 billion dollars into it.
3) Banks can start their own crypto currency and pump 100 billion into it, and pay their own cryptographers to work on the protocols.

If I was a bank, and there were billions of dollars at stake, I'd probably go with option 3). This option allows me to have control over the cryptography and the currency.

I highly doubt, banks will just dump billions into bitcoin without having their hands on the steering wheel.

Here is why I don't think wall street and banks will chose bitcoin:

1) Bitcoin has scaling issues. Another 100 billion dollars of transaction would essentially guarantee BTC transactions will take 2-10 times longer to happen - essentially days, maybe even weeks.

2) Currently your average BTC transaction takes 2-12 hours. That's too long to even use BTC for everyday shopping.

3) Bitcoin fees are WAY too high. Fees sometimes exceed 4%. I've read people claiming fees as high as 28%. Fees will only go up from here.

4) Banks don't have controlling hand in bitcoin.

The banks won't chose Ethereum either. Given the recent hack, I doubt any bank would touch Ethereum with a 100 billion foot poll.

That said, I will buy and hold bitcoin because banks might, just might be stupid enough, or devious enough to pump bitcoin and then viciously crash it thereby convincing everyone THEIR solutions are the safer option.

I don't trust bitcoin to hold value, but I trust wall street and banks even less. If they are in bitcoin, I will be out. And this is another possibility no one has yet considered ... the masses will reject bitcoin, and move to another crypto that does't stink of wallstreet.

[joewger]

Odd about Goldman Sachs, they just came out and encouraged the buy of Physical Gold?

[joewger]

Went on to Coinbase to buy Litecoin today. They said it would show up in my account in 7 days! I have never had that happen before! It has always been instantaneous. I wonder what is going on? I don't like that, and is it signaling something now?

[fozzynw]

I have to say thank you for your video the other day regarding Nasdaq & The Digital Currency group. It was absolutely fascinating, and gave me a lot of info that tells me being invested in Crypto is a great choice. The entities above would not be so heavily invested if it was a ponzi, failed product, or any other things the peter schiff types say.

Again, very thankful for your more professional approach in providing information to the Crypto space. Much appreciated!!