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Jordan Belfort comes out in size that Bitcoin is a massive bubble and now Ray Dalio the most successful hedge fund investor of all time has come out and said it's about two hey guys this is John Howell here hope you guys doing well I'm gonna play you guys a show-up zero here in just a minute but make sure you click the subscribe button hit the like button let me know what you think about radialis comment about Bitcoin and also click on that very first link in description come and join me and join me almost seven universal laws to become a really good trader consistency and so on so forth plus my four-step trading system so much more click on the very first link in description and come join me live we're gonna learn so much more anyway guys listen to this video just quickly now there are two purposes of the currency a medium of exchange and a store hold of wealth I can have a bond or and so on and then there's the question of which one is if bitcoin the theorem is it going to be another technology question okay so all of those things are on the table right now it's it's not an effective medium of exchange you you know you I definitely did some Dave going I wanna go spend it Bitcoin you can't use it as effective medium of exchange other than in a very limited number of cases which can also be threatened in terms of what the secrecy of those transactions are and things that are being done by governments to get beyond that secrecy so it's not an effective medium exchange as of now and it's not an effective store hold of wealth and that's because the speculation on it is such an the participant in it is something that I would say is a classic bubble kind of situation meaning if you look at the nature of the participant in it and you say what is the level of sophistication in their understanding the ability is if do we have a sophisticated investor who is then actually thinking in terms of expected value terms of what where that is going to be and so on or do we have an investor who was inclined to then flip it and trading in and out and what's that component you can by the way have a wonderful investment that's a long-term investment and still have a bubble in that investment so I'm not saying this is a forever thing but the nature of the participants in that investment and what they're doing has made it a bubble of you know I when I doesn't mean it's a worthless investment it just means that when you look at the characteristics of what constitutes a bubble the purchase for resale by a naive group of people who are attracted because it's moving up and has those bubble characteristics okay and then and then so and then there's the question of what is the version of it so if I take Bitcoin and then there's a theory M and then there's the I don't know each one of those that might come and how will they operate I would say that I was from the blockchain notion of the and the whole concept of cryptocurrency which has a lot of merit to it so but as a currency you can't have the volatility driven by speculation on it make it a store hold of wealth so if that's that's an its characteristics right now we're standing in the way of its potential it may be engineered differently to some extent there you know maybe if you created at a different engineer if I was trying to make it effective as a currency I would engineer how I do that differently I won't digress into how I would engineer it to do it differently so I think it has a lot of potential as as as a concept and bought chained but at the same time it has these issues I'm referring to so there we go guys as you can see we're we're a jelly ok get his book as well soon life and work principles red yellow oh actually guys by the way have you guys actually gotten this book have you actually read the book if so let me know what she actually thought about it leave a comment in the comment below in the section below also guys what do you think about Ray Dalio all these big massive successful people out there are saying that bitcoin is a bubble and the problem with the bubble is you never know when the bubble is going to burst and as jordan belfort was saying that right now he knows that having a futures market come into two bitcoin is now going to further just have this last little push up and then probably is kind of burst from there every single bubble guy to it bubble everything every bubble everything that's going up there vertically like that has come down vertically and this just another thing guys just some just screaming out you guys that bitcoin is a bubble I can keep going up it's not about it's not about well what if it keeps going up the question to you is like can you handle if it has an 80% drop leave a comment below click on the subscribe button click the like button guys and click on the very first link in description come and join me for the 7 universal laws become an amazing trader and plus my four-step trading system I see you soon guys
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