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The "Experts" Are Always Wrong (Airplanes, Trump, Bitcoin)
In this video, I discuss how the "experts" always underestimate the power and speed of technological change. They were wrong about airplanes, electricity, the Panama Canal, the internet, and most recently Bitcoin.
One should only listen to experts who have what Taleb calls "skin in the game." If a so-called expert has nothing to lose from a wrong prediction, he or she should not be relied upon. "Skin in the game" implies that you have something to lose (job, money) if your prediction is wrong.
Beware of listening to experts and talking heads-- they will steer you away from the best investments and into the worst investments. Turn off your TV and throw away your newspaper, especially if it is the New York Times.
Not investment advice! Consult a financial advisor.
"Flying Machines Which Do Not Fly":
https://www.nytimes.com/1903/10/09/archives/flying-machines-which-do-not-fly.html?auth=login-email&login=email
https://nowiknow.com/a-million-years-give-or-take/
Erroneous predictions:
https://foresight.org/news/negativeComments.php
WHO changes their mind on masks:
https://www.cnn.com/2020/03/30/world/coronavirus-who-masks-recommendation-trnd/index.html
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/when-and-how-to-use-masks
Fauci has "no regrets":
https://www.businessinsider.com/fauci-doesnt-regret-advising-against-masks-early-in-pandemic-2020-7
2016 predictions that Trump could never win:
https://www.vox.com/2016/1/30/10873476/donald-trump-never-president
https://www.washingtonpost.com/opinions/why-donald-trump-wont-be-elected-president/2016/03/03/50dafd0e-e169-11e5-9c36-e1902f6b6571_story.html
https://www.thenation.com/article/archive/trump-cant-win/
New York Times always wrong about Bitcoin:
https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html
https://www.nytimes.com/2018/01/29/opinion/bitcoin-bubble-fraud.html
Peter Schiff always wrong about Bitcoin:
https://cryptopotato.com/this-is-why-bitcoin-will-plunge-after-the-2020-halving-according-to-peter-schiff/
CNN Business always wrong about Bitcoin:
https://money.cnn.com/2013/04/12/investing/bitcoin-bubble/index.html
Are the experts wrong about Bitcoin taking market share from gold?
https://www.foxbusiness.com/markets/bitcoin-no-gold-safe-haven-currency
https://twitter.com/WhalePanda/status/1339204032095805446
Nassim Taleb on "skin in the game":
https://www.amazon.com/dp/B075HYVP7C
My March 2020 Bitcoin call (plus skin in the game):
https://www.youtube.com/watch?v=x1iFxUkWmxQ&ab_channel=TraderUniversity
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginner
...
https://www.youtube.com/watch?v=WbaTo9H6lfM
One should only listen to experts who have what Taleb calls "skin in the game." If a so-called expert has nothing to lose from a wrong prediction, he or she should not be relied upon. "Skin in the game" implies that you have something to lose (job, money) if your prediction is wrong.
Beware of listening to experts and talking heads-- they will steer you away from the best investments and into the worst investments. Turn off your TV and throw away your newspaper, especially if it is the New York Times.
Not investment advice! Consult a financial advisor.
"Flying Machines Which Do Not Fly":
https://www.nytimes.com/1903/10/09/archives/flying-machines-which-do-not-fly.html?auth=login-email&login=email
https://nowiknow.com/a-million-years-give-or-take/
Erroneous predictions:
https://foresight.org/news/negativeComments.php
WHO changes their mind on masks:
https://www.cnn.com/2020/03/30/world/coronavirus-who-masks-recommendation-trnd/index.html
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/when-and-how-to-use-masks
Fauci has "no regrets":
https://www.businessinsider.com/fauci-doesnt-regret-advising-against-masks-early-in-pandemic-2020-7
2016 predictions that Trump could never win:
https://www.vox.com/2016/1/30/10873476/donald-trump-never-president
https://www.washingtonpost.com/opinions/why-donald-trump-wont-be-elected-president/2016/03/03/50dafd0e-e169-11e5-9c36-e1902f6b6571_story.html
https://www.thenation.com/article/archive/trump-cant-win/
New York Times always wrong about Bitcoin:
https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html
https://www.nytimes.com/2018/01/29/opinion/bitcoin-bubble-fraud.html
Peter Schiff always wrong about Bitcoin:
https://cryptopotato.com/this-is-why-bitcoin-will-plunge-after-the-2020-halving-according-to-peter-schiff/
CNN Business always wrong about Bitcoin:
https://money.cnn.com/2013/04/12/investing/bitcoin-bubble/index.html
Are the experts wrong about Bitcoin taking market share from gold?
https://www.foxbusiness.com/markets/bitcoin-no-gold-safe-haven-currency
https://twitter.com/WhalePanda/status/1339204032095805446
Nassim Taleb on "skin in the game":
https://www.amazon.com/dp/B075HYVP7C
My March 2020 Bitcoin call (plus skin in the game):
https://www.youtube.com/watch?v=x1iFxUkWmxQ&ab_channel=TraderUniversity
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginner
...
https://www.youtube.com/watch?v=WbaTo9H6lfM
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MY FA
my-favorite-momentum-stocks-this-week-24
Get my complete list of momentum stocks and full access to all courses:
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In this video, I discuss my favorite momentum stocks for this week. This is the pool that I fish in for day trading and swing trading opportunities, as well as for longer-term holdings.
Not investment advice! Consult a financial advisor.
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
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.
#MomentumStocks
#SwingTrading
#Stocks
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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https://www.youtube.com/watch?v=BDMdVY3N2YI
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Created
1 year ago
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video/mp4
English
Controlling
VIDEO
BITCO
bitcoin's-bubble-and-carbon-footprint
Get my new Bitcoin book:
https://www.amazon.com/dp/B08RX8Q4ZQ
In this video, I discuss whether Bitcoin is a bubble, as well as its carbon footprint and environmental impact.
If you are going to call Bitcoin a bubble, there must be something (whether price or fundamentals) that can be allowed to falsify your hypothesis. Otherwise you will remain stubborn and bearish all the way up to $1 million Bitcoin.
The tulip bubble popped once and never came back. Amazon popped, then came roaring back. Bitcoin appears to have much more in common with Amazon (network effects, etc) than with tulips.
Critiques of Bitcoin's energy usage and carbon footprint always fail to compare it to the costs necessary to secure the current fiat financial system, which includes endless war and hundreds of skyscrapers full of money manager, lawyers, and accountants who are trying to help you fight the Fed's currency devaluation.
More troubling, there is another double standard at work. The elites are allowed to have lots of children and fly around on private jets, while normal people are told to get rid of their car and not have kids.
Bitcoin is the money of the people. It is our best hope of changing the current wasteful and corrupt fiat financial system.
Not investment advice! Consult a financial advisor.
Financial media always calling Bitcoin a bubble:
https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped
https://www.wsj.com/articles/if-there-is-a-bubble-here-it-is-1510927435
Bitcoin stock to flow model chart:
https://decentrader.com/charts/stock-to-flow-model/
Rai stones:
https://en.wikipedia.org/wiki/Rai_stones
Critique of Bitcoin energy usage:
https://www.bbc.com/news/science-environment-56215787
Top ways to reduce your carbon footprint:
https://www.sciencemag.org/news/2017/07/best-way-reduce-your-carbon-footprint-one-government-isn-t-telling-you-about
Goldman buys 2 new private jets:
https://www.bloomberg.com/news/articles/2020-04-03/goldman-ceo-buys-two-new-private-jets-in-break-with-tradition
Iraq sells oil for Euros:
https://www.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/
Endless war and the fiat financial system:
https://www.businessinsider.com/us-taxpayers-spent-8000-each-2-trillion-iraq-war-study-2020-2
Internet uses too much energy:
https://fortune.com/2019/09/18/internet-cloud-server-data-center-energy-consumption-renewable-coal/
Bitcoin mining is good for the environment:
https://twitter.com/MartyBent/status/1359170351490547720
https://www.upstreamdata.ca/
https://news.bitcoin.com/how-big-hydro-power-partners-with-bitcoin-miners-to-prevent-energy-waste/
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best
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Created
1 year ago
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Controlling
VIDEO
YOU'R
you're-running-out-of-time-(bitcoin)
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss the UK travel rule, as well as crypto exchanges in Australia and the US limiting Bitcoin withdrawal amounts.
At some point, it may become impossible to withdraw any amount of Bitcoin from a regulated exchange or entity to self-custody. This could become necessary to help to close the exits from a rapidly inflating fiat currency.
In this context, I discuss how FDR closed the gold exits in 1933-1934 with Executive Order 6102, before massively devaluing the US dollar against gold. Something similar could happen if a government chose to seize a Bitcoin ETF custodian's holdings of BTC.
You could still get rich holding a Bitcoin ETF, but you won't get free.
Not investment advice! Consult a financial advisor.
Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102
Coinbase limiting withdrawals?
https://twitter.com/thecolinbrown/status/1716573084780802447
UK Crypto Firms Will Now Be Forced To Seize Some Inbound Payments:
https://www.forbes.com/sites/martinrivers/2023/08/31/not-your-bitcoin-uk-crypto-firms-will-now-be-forced-to-seize-some-inbound-payments/
UK Travel Rule:
https://support.coinjar.com/hc/en-gb/articles/20894541408665--What-is-the-Travel-Rule-and-what-are-pending-payments-
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
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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Controlling
VIDEO
WILL
will-evergrande-bring-down-the-global
Join the Trader University email list:
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In this video, I discuss the Evergrande default and its implications for global financial contagion, as well as the insights it provides into China's domestic policies surrounding wealth inequality.
China is trying to steer a course between the Scylla of wealth inequality and the Charybdis of household wealth being stored in real estate.
Is Evergrande another Lehman moment? I don't think so. This time around, like March 2020, central banks will react much more quickly to try to stabilize global asset prices.
Not investment advice! Consult a financial advisor.
Common Prosperity Campaign:
https://thediplomat.com/2021/08/chinas-communist-common-prosperity-campaign/
CCP going after billionaires:
https://www.theguardian.com/world/2021/sep/01/chinas-super-rich-the-billionaires-in-communist-partys-sights
Hui Ka Yan:
https://en.wikipedia.org/wiki/Xu_Jiayin
Evergrande:
https://en.wikipedia.org/wiki/Evergrande_Group
Evergrande misses loan payments:
https://www.bloomberg.com/news/articles/2021-09-21/evergrande-misses-loan-payments-to-banks-as-bond-deadlines-loom?srnd=premium
Household wealth in China is concentrated in real estate:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4589866/
Stock market returns by month:
https://www.yardeni.com/pub/stmktreturns.pdf
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
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.
#EvergrandeCrisis
#StockMarketCrash
#Bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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1 year ago
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Controlling
VIDEO
RIPPL
ripple-xrp-more-bad-news
In this video, I discuss more bad news for Ripple the company and for XRP the cryptocurrency.
Early investors are trying to sell shares of Ripple at a $6 billion valuation, which is well below where Ripple raised money in December 2019 at a $10 billion valuation. This is also a steep discount to the value of Ripple's XRP holdings, which are currently at least $14 billion. Insider selling at a deep discount provides an interesting window into what sophisticated investors believe Ripple XRP's future to be.
In addition, as the price of XRP has risen, it looks like Jed McCaleb (a co-founder) has increased the size of his daily XRP sales.
Retail investors who buy XRP are the bag-holders. As Warren Buffett is fond of saying, "If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
Bitcoin is the next Bitcoin.
Not investment advice! Consult a financial adviser.
Ripple XRP vs Bitcoin:
https://www.youtube.com/watch?v=rPxFcSXNB4A
Ripple (the corporation):
https://ripple.com/
Ripple XRP the cryptocurrency:
https://coinmarketcap.com/currencies/xrp/
Ripple raises money at $10 billion valuation:
https://ripple.com/insights/ripple-caps-record-year-with-200-million-series-c-funding/
Early investors trying to exit:
https://www.btctimes.com/news/investors-are-looking-to-offload-ripple-equity
Ripple executive leaves:
https://cointelegraph.com/news/ripples-1-billion-head-of-xrp-markets-quietly-leaves-job
Santander not using XRP:
https://cryptonews.com/news/this-is-why-santander-hesitates-to-use-xrp-7415.htm
https://cointelegraph.com/news/why-santander-doesnt-want-to-use-ripple-for-international-payments-yet
Watch Jed McCaleb dump his XRP:
https://dailyhodl.com/2020/08/04/ripple-co-founder-is-selling-1740000-xrp-per-day-according-to-crypto-monitor-whale-alert/
https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv
Bitcoin for Beginners (2020):
https://www.youtube.com/watch?v=ZpDA682fDN0
Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
#XRP
#Ripple
#Bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or
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Transaction
Created
1 year ago
Content Type
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Controlling
VIDEO
ETHER
ethereum-is-banker-coin-(shocking
Join the Trader University email list:
https://www.trader.university/email-list
Ethereum's dirty history:
https://www.youtube.com/watch?v=GuvPcUkea58&ab_channel=TraderUniversity
Ethereum's dirty history (Part 2):
https://www.youtube.com/watch?v=U_t-5czHYQY&ab_channel=TraderUniversity
In this video, I discuss alleged intimate connections between Ethereum, Joseph Lubin, and JP Morgan.
An audio tape has emerged that allegedly shows Joe Lubin showing potential ETH whales how to bypass concentration controls.
There is a new shareholder lawsuit that alleges that Infura and MetaMask were transferred from one corporate entity to a new corporate entity without full shareholder approval. This new corporate entity appears to be 10% owned by JP Morgan.
This allegedly gives JP Morgan and Joe Lubin extraordinary control over Ethereum infrastructure and wallet usage, and might help to explain the recent blocking of users in Venezuela and Iran.
It has also emerged that Ethereum insiders and JP Morgan have been working together since before the launch of Ethereum.
If you want an alternative to fiat that is also controlled by the bankers and corrupt insiders, Ethereum might be just the thing for you.
If you don't want a centralized, proof of stake controlled coin, there's only one real alternative-- which is Bitcoin.
Not investment advice! Consult a financial advisor.
Joseph Lubin is an honorable man and brilliant entrepreneur. All of my sources are just random gossip on the internet, that may or may not be true. Do your own research and come to your own conclusions. This video is just my wild speculations.
Joseph Lubin:
https://en.wikipedia.org/wiki/Joseph_Lubin_(entrepreneur)
Joe Lubin on how whales can disguise their ETH purchases:
https://mobile.twitter.com/ISO_XRP/status/1451701159337414659
Joe Lubin ETH whale:
https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/?sh=18ccbe7d2f0a
ConsenSys:
https://en.wikipedia.org/wiki/ConsenSys
Infura:
https://infura.io/
Infura outages:
https://www.theblockcrypto.com/post/84232/ethereum-infrastructure-provider-infura-is-down
Metamask:
https://metamask.io/
Metamask and Infura blocking certain countries:
https://metamask.zendesk.com/hc/en-us/articles/360059386712-Why-MetaMask-and-Infura-cannot-serve-certain-areas
https://www.reddit.com/r/ethereum/comments/t5zxgn/not_only_opensea_but_metamask_itself_is_also/
https://www.vice.com/en/article/g5qkb7/ethereum-companies-suddenly-ban-users-in-certain-countries
ConsenSys lawsuit:
https://www.prnewswire.com/news-releases/blockchain-company-consensys-faces-multi-billion-dollar-audit-as-shareholders-claim-board-breaches-fiduciary-duties---attributed-to-arthur-falls-3014934
...
https://www.youtube.com/watch?v=YDmwyyhpqTE
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Created
1 year ago
Content Type
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video/mp4
English
Controlling
VIDEO
BITCO
bitcoin-citadels-and-bitcoin-countries
Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss different approaches to starting new Bitcoin citadels and Bitcoin countries.
Perhaps the best solution is an interconnected global network of Bitcoin citadels that each cater to the peculiarities of their residents. This decentralized approach would be much more difficult for nation-states to attempt to stop.
Bitcoiners are already a global tribe, a decentralized and distributed country of like-minded people who love Bitcoin but still pursue their many individual interests.
Not investment advice! Consult a financial advisor.
Bitcoiners: A Powerful New Political Force:
https://www.youtube.com/watch?v=9Rse4H4QccI&ab_channel=BitcoinUniversity
Uncle Sam as Satoshi:
https://twitter.com/Sickjoke/status/1661004491951603719/photo/1
Erik Cason on ideas for new Bitcoin cities:
https://twitter.com/Erikcason/status/1660881301769994241
https://twitter.com/Erikcason/status/1660894912789860354
Possible Bitcoin ranch in Alaska:
https://farmandranch.com/property/bering-pacific-ranches
Seasteading:
https://reason.com/2019/09/25/start-your-own-country/
https://www.seasteading.org/
The Principality of Sealand:
https://theculturetrip.com/europe/articles/11-micronations-in-europe-you-never-knew-existed/
https://en.wikipedia.org/wiki/Principality_of_Sealand
https://www.bbc.com/travel/article/20200706-sealand-a-peculiar-nation-off-englands-coast
Balaji's map of millionaires moving:
https://twitter.com/balajis/status/1626643435481608192/photo/2
https://twitter.com/balajis/status/1626643435481608192
El Salvador and Bitcoin:
https://www.bbc.com/news/world-latin-america-60135552
Bitcoin communities around the world:
https://www.bitcoinbeach.com/
https://twitter.com/LakeBitcoin
https://twitter.com/BitcoinEkasi
https://twitter.com/dearezkitha/status/1575836547546419202
https://cloud21siargao.com/
Stack Hodler tweet about network of citadels:
https://twitter.com/stackhodler/status/1517066562385199108
Max DeMarco and the Citadel Hunter:
https://twitter.com/itsmaxdemarco/status/1506300508306350087
https://twitter.com/itsmaxdemarco/status/1506300508306350087
https://www.youtube.com/watch?v=07g3EuoSOGI&ab_channel=MaxDeMarco
https://www.youtube.com/watch?v=X8PpCZoquvM&ab_channel=MaxDeMarco
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
#citadel
#politics
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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Created
11 months ago
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THE B
the-best-trading-system-for-a-bear
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Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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Created
1 year ago
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VIDEO
BITCO
bitcoin's-huge-accounting-win
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In this video, I discuss important FASB (Financial Accounting Standards Board) accounting changes that will have long-term positive effects on corporate Bitcoin adoption.
By Bitcoin being moved to fair value accounting on corporate balance sheets, companies will now be able to both write up and write down their Bitcoin holdings, with the result probably flowing to the income statement.
Under the previous Bitcoin accounting regime, companies could only write down their Bitcoin holdings and take impairment charges.
People always underestimate the long-term effects of accounting changes on asset prices. This is huge win for publicly traded companies that choose to hold Bitcoin on their balance sheets, like MicroStrategy.
This accounting change will encourage many more public companies to buy and hold Bitcoin on their balance sheets.
Fiat is a melting ice-cube. If you are a company holding large amounts of cash on your balance sheet, you are destroying shareholder value and should instead be moving a portion of that fiat into Bitcoin.
Not investment advice! Consult a financial advisor.
FASB Settles on Fair-Value Accounting for Measuring Crypto Assets:
https://www.wsj.com/articles/fasb-settles-on-fair-value-accounting-for-measuring-crypto-assets-11665614205
Seemingly scary impairment charge headlines:
https://www.coindesk.com/business/2022/02/01/microstrategy-takes-147m-impairment-charge-on-bitcoin-holdings-in-q4/
https://www.wsj.com/articles/tesla-records-170-million-impairment-charge-on-bitcoin-11658751201
Bitcoin corporate treasuries:
https://bitcointreasuries.net/
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
#financialaccounting
#FASB
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