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The YouTube for fun and financial freedom Thursday update. Today, a few thoughts on the topic of Bitcoin. It's a very interesting thing, but also complex, and I'm not forming a clear picture of it. So, what's your opinion? What does Bitcoin have to offer? Did you know about the future of Bitcoin? What's the complete future of the entire crypto industry?
I had a picture in my mind. Let me share my thoughts on this topic: In 1999/2000, there was a so-called dot-com bubble. That means companies on the stock exchange, like the Neuer Markt, were created. Technology companies, no logo, companies with brilliant ideas, analogous to the brilliant ideas of blockchains that exist now, from the various companies that sold a vision.
Or perhaps we didn't mean any harm if they had a brilliant idea, a brilliant product, but something was still missing. Otherwise, something would have come of it, and we've sold brilliant ideas to people so far. This company will change the world when the internet changes The world and everyone went on a beeline, and the new market of good things soared.
People who knew nothing about stocks started talking about them, like me, who had zero clue. I bought stocks because I'd be a millionaire next year, and then this hype came along. What drives them? Nobody knows. We want these amazing internet companies. Then companies really made 1000% in one year. So, stocks rose from 17 euros to 100 euros in one year, 900.
And those who had these stocks but didn't sell are now working three shifts. Warren Buffett, who said back then, " These prices, this market is completely insane, stay away from these stocks," was ridiculed back then as a clueless guy, a complete idiot, an old-school type who only invests in Coca-Cola because he doesn't understand anything else, because he does n't have the horizon, the breadth of intelligence to grasp these technology companies, and is a total idiot, and that he has no clue or He should go home, and back then he had a fortune, I remember, of around 20 billion US dollars.
He was always the first, second, or third richest person in the world, always, even back then. Not always, though. Back in 2000, he had a fortune of 20 billion dollars, and he said, " Stay away from that accent, it 's a catastrophe, it leads nowhere, it will all fall apart." As I said, old man, no idea.
Where do we hear about that today? 76 billion. So he's earned 246 billion more, meaning he's 46 billion US dollars richer compared to 2000. And those who bought those stocks at 1000 percent are still working three shifts today. Just so you know what Warren Buffett said back then, where he is today, and we said he was a complete idiot.
Today it looks like this: we have the brilliant new market back on the market, but a different one. It will change the times. Bitcoins are changing the world. It's capped, it's intelligently designed. But the others among them were also inside, and not all of them are dead either. That's why I'm not saying that, in my opinion, Bitcoin will be there.
But something is happening there that I don't understand, and I'm just considering all the opinions. The multi-billionaire, a very successful person, says McAfee, the CEO and founder of McAfee Antivirus, that Bitkom will list at over $500,000. One always has to ask what interests are behind it, why did he say such a thing, and why is his opinion?
Why does his opinion go in this direction? Yes, because he owns many Bitcoins, that could be, and therefore interested in a price increase. We don't know. Then we have Bill Gates, who also says that it's a very good way to transfer funds at very low cost. But whoever says that is bitter and must be.
Maybe there will soon be better ratings or more intelligent educational offerings will establish themselves, and so on. So, this whole discussion should be very different. The Tesla and PayPal founder doesn't own any Bitcoins, I've located that, and what has Warren Buffett, Warren Buffett, if you say the following to this topic, and he'll say it again, I know that I know this now as a complete idiot, old Chrysler has no clue, has no clue about Bitkom.
Visitors could buy his Coca-Cola shares, full of shares, and everyone else has no clue about the internals. Yeah, where does he think nothing of Bitkom in Cologne? What was set? What could the interest behind it be? Yeah, he 's only involved with Fargo, Goldman Sachs, Bank of America, banks, banks. He has no interest in that.
Could be, but could also be that he's almost 90, will soon pass away, and plays the harp from investor heaven. That the visual aspect is irrelevant to him, regardless of whether the Greens fall further. If that's already through the whole thing, he's already thinking about what will happen after his time with Berkshire Hathaway when he's gone, because that also means, please don't, but he would have asked that, and he simply wanted Bitkom.
It has no effect on him; it didn't even stand next to an apartment. That's no education there. The woman says, " Why are you looking at me? I'm selling an author, for example, and I only accept bitcoins." Then they say, " Okay, how many bitcoins will you get?" Then I say, "Wait, someone, get a computer and I'll get the euro price to the bitcoin." So, I'm going back from this club of the world to the paperless, worthless paper money to tell you how much suddenly I want.
I would give 20,000 euros in bitcoins. I want 15,000 euros in bitcoins. I want 9,000 euros in bitcoins. He says, "Want, Buffett, it's the same as if I say I'm selling my car, but I'm not money, not just in almost all of this." This is now reported again. However, I expect the computer to figure out that I'm looking at how much a barrel costs.
So many barrels I want for my car. In both cases, neither oil nor Bitkom was the currency, but we were always looking for the reference. Moreover, worthless paper money. The truth is, all paper currencies in the world have all fallen to 0 by 100 percent. That means money has no value, which is always being suppressed.
That's central. Centralized, this is clouded by the ECB, the world's central bank, and so on, but we're constantly searching for the connection to this paper waste. We're searching for the connection, we're searching for the best paper, and that's why today... It would n't surprise him at all if in 10 to 20 years it becomes completely uninteresting.
Nobody needs his opinion; we have other opinions, after all. John McCain says it's an interesting piece of work, but PayPal can actually do that too. Paper has value because paper collects money for transactions. You buy these underpants for 400 euros on Amazon or whatever, and that means with PayPal, then another 25 people or whatever come along and collect fees.
For example, 100 euros and 3.30 euros. 3 euros go to PayPal, 3 percent. And now, for example, many transactions are made, so BP makes a lot of these small deals, these small 3% deals, and thus real money for Peter to invest in, further expansion, further take over the film. If the business that generates cash flow generates profits and expands, and Bitcoin is n't...
what is it? Who knows? I got an explanation of what this thing is, where is it headed, why should Bitcoin cost several million, why the tulip mania, a tulip bulb cost so much, this costs an insane asylum, so one could also say, lured, if the bitter... with a house, I don't know, what does a house cost in Germany, 300,000, 500,000 euros, then it imploded or what, I don't know.
I have my own head, everyone should have their own head and should think... it 's a completely different system, which in my opinion is much better, decentralized, not manipulable, not much fun, but I wonder how we come to such brutal prices only because of the scarcity of almost a million gold, it's also for barely...
how do we or how do some people come to such high prices? I actually only wanted a transfer from Anna B. It's actually just a track, Bitcoin, it's just one for me from my hiding place. Rail train value from A to B, I call from 10 to F, a movement of a money transfer, value mediation, movement, and who gives this a value of 80 billion since the mediation movement?
I don't understand it. Who understands this? If someone can explain it to me, please, constructive comments, no [ __ ], so that this will be thought about further because, as I said, it's being made into a mess again, and every time promises are made, 1.3245 means [ __ ] again. The old one, the old district, had rich.
I'm not saying there was, I'm just saying something positive. Where do you see that? We can. Mine said that. My thought on this Thursday, what was I today? No idea. Who's running the package? Facebook advertising. In this sense, Max, good luck, enjoy, experience, that means pursued through goals and stay, you want.
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