Hello everyone this is adam meister the bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is september the 18th 2018 strong hand long
term thinking bitcoin is the world reserve cryptocurrency unn confiscate
Abel yeah bitcoin this is where the big boys play alright everyone
I just want to say this show is pre-recorded I'm not doing it live
you'll watch it on I guess nighttime on Tuesday while I'm in
synagogue this youtubes gonna post this so again it is Yom Kippur starts at
sundown tonight Tuesday night lasts till sundown Wednesday night I will be back
once Yom Kippur ends but you Gentiles are now watching this on Yom Kippur but
I am not on my computer this is pre-taped I just wanted to clarify that
for everyone hey I'm wearing a hat today is this the
first time I've ever worn a hat in one of these shows Pal Matt freaking like
button if you remember the no 2x I hope you remember no 2x are there that many
new people that have come into the space that don't even know about that almost
crypto dividend and everybody was blowing out of proportion
probably because we've everything gets blown out of proportion and since
everything continues to get blown out of proportion we must have people with
either horrible memories are just they're a bunch of new people that just
don't realize that everything gets blown out of proportion like this thing
because Bitcoin wins in the end there's only one Bitcoin one Bitcoin equals one
but a Bitcoin isn't that Bitcoin not 2x hey you know something that I've been
meaning to say where where is this thing I have written down sell a car for
Bitcoin today buy a house with Bitcoin tomorrow
so that's the thing deferral gratification those of you out there
like oh how can I get some Bitcoin again if you got some jalopy around why not
try to list it for Bitcoin see if anybody's will only give you Bitcoin
give him a discount say hey I've got this used car I'm selling it for $5,000
you give me $4,000 worth of Bitcoin right now I'll give it to you just like
that and then with that $4,000 worth a Bitcoin that you sold your Chevy
Cavalier for you do nothing with it you do nothing with that $4,000 worth of
Bitcoin let it sit and then remember what I said Selleck sell a car for
Bitcoin today buy a house with Bitcoin in the future because again one Bitcoin
equals one Bitcoin and again in this day and age I am offended by selling so pre
2020 having if you're spending Bitcoin oh man I am offended by you selling I
mean you're spending that's selling your Bitcoin I get try to this is that this
is the era of earning and as for as long as you can do it man hold on to that
Bitcoin wait until after 2020 for having again if you're new here I have never
sold a Bitcoin for fiat and I will never sell a Bitcoin for fiat until possibly
after the 2020 having that's the first time I'll even consider it
selling Bitcoin for fiat are spending my Bitcoin on a on a Tesla for my father
but as I've mentioned for those of you new to the show but anyway that's the
and again that's not saying oh I'm gonna sell your Bitcoin after 2020 no I did
not say that the earliest I would sell any Bitcoin would be after the 2020
having learn about the having hey actually later in the show I'm gonna
talk about the Bitcoin having and the litecoin having and the be cash having
oh no one ever talks about that one okay remember yeah new show here every day
even when Yom Kippur is going on I do it beforehand and then of course there's a
thousand shows disrupt meister to come my archives follow me on twitter at tech
Balt i get your Trez or your t-shirts at my affiliate links linked to below and
and tech Balt is te CH b alt that's me on twitter and dude all sorts of great
stuff going on a Twitter Matt Odell has this tweet out there and let's talk
about it the next global recession not wishing for it but it's only a matter of
time will be dominated by bail-ins rather than bail outs depositors will
learn the hard way why bitcoin has value the most effective lessons are the ones
you learned through getting burned longer-term
there really isn't a much better advertising for Bitcoin than having your
money forcefully removed from your bank account with no recourse
now remember bitcoin when you control your private key it son confiscate able
now when you have your money in a bank account in anywhere that back it's not
your money that bank can take it away from you they there all sorts of
countries have all sorts of laws that allow banks to say oh we'll work you're
gonna take a 10% cut on this we made some bad decisions that we're taking 10%
of your money I believe it's happened in some smaller countries now will this be
happening in the United States are there going to be ballons in the United States
now I'm not saying that at all I'm definitely not saying I don't think the
FDIC you know there's all sorts of meaning look but again the world is a
tremendous place it's a lot bigger than United States there is there will be a
recession again a global recession it's not gonna be the end of the world but
every time there's a recession bad things happening economically new things
that we could never predicted beforehand and in some of these countries whether
they be third world second world or first world ones there will be bank
balance and some of you watching this today have bank accounts in these
countries where there will be a back bailing and dude this is the time if you
got a lot of cash sitting around in some bank account somewhere and you know the
Czech Republic or where I'm just pulling that out of my mike but there but no you
shouldn't have a lot of cash sitting around try to get trying to learn about
Bitcoin dude all right try to get more because the Bitcoin can't beat
in a way and there will be back there will be spank balance will you be lucky
enough to live in a country where they're not gonna be bank balance maybe
Oh will you be lucky enough to move your money and before the bank ballons maybe
but you this we can't predict when it will happen when the next recession is
and again it is the ultimate advertisement for Bitcoin you know when
something like that happens and something like that and that would be so
bullish for Bitcoin people will learn you learn your lesson the hard way you
know when you it's forcibly remove the money will be forcibly removed from your
bank account it I said that's the way of explaining but bail-in is a nice little
word that makes it seem so innocent no it's just a bail in know they're
forcibly removing money from your bank account by force and again you should
have known better anyway that's not really your money even though it is your
money you don't control it they can take it at any time all right I just want to
report yesterday I said steam it was down steam in his back
good job steam it hey something else that I heard yeah again I ate all my be
on Bitcoin show check out the be on Bitcoin show from Saturday I mean I am
just it boggle my mind how obsessed people become with the weather and they
care more about the weather than their freakin finances you know they'd rather
worry about is it gonna the hurricane that's so far away but I did want to
point one thing out because I got my buddies in Edmonton it snowed in
Edmonton the other day oh my gosh okay there's over time you know it's all
right out of you should visit during the winter no Adam is never visiting Alberta
during the winter but I love everybody in Alberta they are in motion when it
comes to Bitcoin a lot of good things going on I love being at the Bitcoin
rodeo in Calgary maybe it's and again it is summer still
here in North America and I mean that's just a bit even I a guy whose is like I
can't I don't want to hear anything about the weather I got to bring that up
I mean but I want to give a shout out to to everybody in Canada and in Alberta in
Edmonton and Calgary and of course dear alright so add cilinder who actually
lives somewhere in some mysterious place in the United States that's in the
Midwest where it's probably cold also eventually he
Ansel who has been on the show before has the following tweet if your coins
monetary policy has changed in the past it will change in the future
Bitcoin has the best ability to resist monetary policy changes and maintain a
thick supply remember people to fix supply very important hence the best
store of value so some are going to say well that's boring that's boring
they can't they can't get with the times they're gonna stick with that same
boring monetary policy 21 billion Bitcoin only dude it's long term
thinking okay it's staying the freaking it's staying on the freakin path you
know all the other other stuff is like cool that's not popular anymore that
lets be impulsive to just change things if you change it once you'll change it
if it's changed in the past it'll change in the future that's the thing with
Bitcoin has that standard where it's not changing again aetherium set their
standard when you know they had this saw with the dow bet Balan they bail out
excuse me they bailed out all the people that were involved in a Down 2016 and
that's how a theorem classic was born and now people who deal with the theory
I'm like it or not know that hey maybe if there's a that something bad happens
related to a theorem video just roll back the clock and bail us out that's
out there that precedent was set once you set that precedent you can't go back
you can't say oh no a theorem will never do that again
they did it once he'll do it again again if you change your monetary in this game
in the crypto game if you changed it once you'll change you'll change it
again that's a good that's a good point and Bitcoin it's not changed anything
strong hand baby all right here is a very and again you okay music
but bitcoins burg the grandfather's and it's old-fashioned so it shows us how
short-term thinking and impulsive people that say things like that this is a
whole new revolutionary technology and you're already saying something's a
grandfather and it's boring learn about the having all right you know simp the
simplicity and beauty of the having and the fixed supply it's it's
that's what started all this stuff okay and then everything else made it super
duper complex and hey they could although all coins can try to be as
complex as they want to they're not gonna be the next Bitcoin bitcoins the
next Bitcoin competition is a great thing though that's great and all right
so we're gonna move to this article about China from marketplace org that I
stumble upon fear of missing out in China is a seven billion dollar industry
it's it's part of the pay for knowledge economy over there now I'm bringing this
up because the article starts out by saying you know some a guy not living
the best life in China he lives in a very small house with his wife and kid
and he doesn't have the best job in the world
he keep paid to learn more about cryptocurrency so he could be a crypto
currency trader or something or a crypto currency yeah so people in China Dave
they're they're aggressive I guess they they won't improve themselves how about
that they they want to improve themselves and they're willing to pay
for it they're willing to pay gurus that other people like endure like if a guru
becomes popular they all pile behind that they all want to know about the
latest hot thing whether it be cryptocurrency or trading stocks and
they pay for and like I'm like a mob they all pile into it and so this has
happened with cryptocurrency before and currently and I bring this up because
this is only the beginning crypto will be and Bitcoin will become
popular again in China and all sorts of people are going to be willing to get
into it in China but right now there's not a lot of Chinese that are into
Bitcoin I mean it you know there's over a billion people there and when they get
into something they not only you they pay to be a part of it ok that's what
this article is about so yeah the eighty and it gives you a
little bit of insight yeah they're 80 percenters in China also they're not
willing to do their own research that don't trust themselves that want some
guru to dictate to them and maybe that's because they've been raised in like an
under an authoritarian government they are very much trend followers and they
know they fear missing out once there is a trend they want a pile and
so they've they've done it on a small scale with Bitcoin before they're
willing to do it again this bodes well for Bitcoin and again this article gives
you it's it's a beyond Bitcoin type of article gives you some insight into you
know the culture of China the Society of China and the fear of missing out
culture but again they're yeah they wanted a are very willing to pay to gain
the upper hand on that their fellow citizens or to think they're gaining the
upper hand again if they just took the time to learn about it on their own and
to not pile into it when it's the hottest thing you know but again they
seem to follow a lot of trends and you know now is the time to get the Bitcoin
for them but it's probably not that popular over there right now in terms of
paying for you know pay to learn from these ridiculous gurus they mention
other things people pay to learn about over there okay again pound that frickin
like button you can email me to a dimitra's or help calm your crypto
consultation if you need help setting up your trays or I will be in Santiago
Chile starting on starting on Friday that's gonna be good I leave Baltimore
on Thursday so I meet you know if you're in Chile if you're in Santiago I hope to
see you I know my buddy Gabriel down at uh what's it for Galt he's far away I
don't think I'm gonna be able to see you dude but you never know who knows
I felt Trevor so get final final thing here this is a tweet from my buddy
Anders out in Los Angeles who puts on the Century City a Bitcoin Meetup he is
a hardcore Bitcoin guy and he reminds us that the Bitcoin having right now is
scheduled to take place on May 21st 2020 again that's everything I talked about
is linked to below by the way he retweeted a tweet from a site with and
you could bookmark this site and it does the countdown to the May 21st 2020 it's
not gonna it'll it'll happen sooner than that but right now it's scheduled for
May 21st 2020 the litecoin now he didn't mention this because he's a total
Bitcoin guy but I wanted to bring this up as someone actually asked about this
the litecoin having is now is supposed to take place on August the 7th 2019 I
link to that that site where you can follow the
progress of that having again this August the summer 2019 and finally I I
know one has said when the be cash having is supposed to be I didn't know
if there was a site where you could find it I found a site I link to that site
that says when the be cash hat be cash having is going to be it will be on
April at this point it will be on April the 7th 2020 again all these dates are
gonna move forward a little bit but the thing you gotta remember is like when
having will happen first that will be in the summer of 2019 then the B cache
having will happen next in April of 2020 the spring of 2020 most likely and then
finally a little bit later about a month later the Bitcoin hat having will happen
so the having hype will might start with the light coin having but definitely
people will be talking about the Bitcoin having by the time the be cash having
happens and I think the be cash having will add hype that will create a FOMO
for the Bitcoin heading and the light coin having also might trigger that but
again the like fun having is quite as nine months before is nine months before
the bitcoin having I still think that people are so short-sighted and not
long-term thinkers that the light point having will happen and then they'll
forget about it for a few months and then they'll be like well wasting a
bitcoins gonna have it having there's be cash having is coming up all right
whatever the point is this they're happening get
in before there's FOMO about it the the supply of new coins will be cut in half
that's the basic that's that's why it's a store value type of thing the less and
less will be created more and more is gonna get lost all right everybody I
hope you have a meaningful fast I hope you have a good time in synagogue over
the next 24 hours or by the time you're watching this less than 24 hours I'll be
at the Habad services in Owings Mills or I'm there right now as you're watching
this i'm adam meister the bitcoinmeister the disrupt meister remember to
subscribe this channel like this video share this video check out the notes
section below and of course pound that like button see ya
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