BITCOIN IS A SCAM! Comparing USD to BTC!




Bitcoin is a scam! Something that I have been seeing a lot of in my comment section. I don’t truly feel its all trolls but new people with interest who have gotten bad information.

If I have left anything out on this video pertinent to this argument please include it in the comment section.

Good read about US leaving the gold standard: http://mentalfloss.com/article/12715/why-did-us-abandon-gold-standard

Thanks for watching

Tip jar below.

BTC 13qF5ovjByDtFyGX1hYLA7uvhXj1BDH2KX
LTC LcdKQ9JSAZRuypVtevhbna7hVo8hHf5UoD

Check out my Patreon if you want some gold nuggets.
https://www.patreon.com/mrkristof

Equipment used to make this video
Samsung Galaxy Tab S4- https://amzn.to/2RpbT1E
Smooth 4 cell phone gimbal- https://amzn.to/2SEokrE
SanDisk 64GB memory card – https://amzn.to/2Da6B63
GoPro Hero 7 Black- https://amzn.to/2PPyerO
Canon EOS M50- https://amzn.to/2qUAm3y
Flexible tripod- https://amzn.to/2DYQdqf
Lighting for studio- https://amzn.to/2TPveLl

Gun gear that I use
Serpa CQC OWB hoslter- https://amzn.to/2PLhORv
Carbon Fiber OWB holster- https://amzn.to/2D6Rj2a
Glock 17 sure plug- https://amzn.to/2JNmvoz

Need stickers? I HIGHLY RECOMMEND THESE GUYS:
http://stickeryeti.ositracker.com/111118/8543

Need something done for cheap? Check out Fiverr.
http://www.fiverr.com/s2/1c08095a0e

BUY A NANO LEDGER S HARDWARE WALLET
www.ledgerwallet.com/r/49c8

RECOMMENDED CRYPTO EXCHANGES:

If your looking to start buying alt coins Binance IS THE BEST altcoin exchange out there.

Please join Binance using this link: www.binance.com/?ref=10263251

Kucoin exchange is the fastest up and comer and has coins exclusive to it you cant find anywhere else!

www.kucoin.com/#/?r=28ucr

CONNECT WITH ME:

Add me on Telegram: @mr_kristof
Add me on Snapchat: mr_kristof
Find me on Instagram: mr_kristof
Add me on Twitter: mr_kristof007
Add me on Xbox Live: VoxiKnight
Find me on DTube: d.tube/#!/c/cryptokristof
Read my blog on Steemit: steemit.com/@cryptokristof

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE AND I AM NOT A FINANCIAL ADVISER. AND THESE ARE SIMPLY MY OPINIONS

#cryptocurrency #BTC #Bitcoin

source

Recommended For You

About the Author: Mr_Kristof

24 Comments

  1. no, bitcoin does NOT have a value because someone will keep mining it. that's completely the WRONG thing. suppliers don't make something be a certain value, the people buying it do. something is only worth what someone is willing to pay for it. if people stopped buying bitcoin it doesn't matter how many miners there are or what they are doing it won't have any value if no one is willing to buy it. As long as people are willing to buy bitcoin, it will have a value. once people stop buying bitcoin that's the end folks, worthless 1's and 0's. Bitcoin is nothing more than a repeat of the tulip bubble. In the end will someone still be buying it(like drug dealers) sure but once people realize the practical value of it isn't anywhere near what people are trying to sell it for the crashes will keep happening until everyone realizes it's just worthless altogether. Bitcoin already peaked, when every idiot and their cousin is talking about buying it it's already past market saturation and there's no where to go other than down.

  2. Something people fail to understand is that US dollars come from the Federal Reserve. The Federal Reserve is not a government department and is in no way controlled by the US government. It is a private company. It is as much of a government program as American Express is, 0%! The US government pays the Ferderal Reserve to make and borrow US dollars and that costs a lot of money. The majority of your taxes are going to pay for the interest on the money your government borrows from the Federal Reserve. The Federal Reserve points money for most countries in the world. Stop using Federal Reserve dollars and the economy will improve!

  3. When a crisis comes people want shelter and food first so selling everything possible to get this food and shelter. So dumping coins and no buyers. After crisis maybe.

  4. Bit Coin is Valued against Fiat currencies.
    What happens to the value of bit coin when currencies go belly up?
    Bit coin will have no way to value it's self against.
    Bit coin will follow the way of Fiat currencies.

  5. Bitcoin does not have a limited supply. That’s the scam. If they need more it can simply be forked and hey presto, another 21 million coins can be mined, or more, depending on the code. Sound familiar.

  6. To say that gold has limited supply is really ignorant statement b/c it is not. If the gold has limited supply then how is it possible that every year 2500 tons of gold were mined. It is false illusion to think like that. Bitcoin is only one that has limited supply

  7. Way off base on the statement, "So many people put Trust in the US money system."
    The Petro Dollar is finished. The dollar is the fastest horse in the Glue factory.
    There has been a market inversion in the bonds interest rate.
    People are taking their money out of the Banks. The E/U Banking is collapsing .
    The amount of debt is 100 to 200 trillion dollars. FDIC covers less than 1 cent on the Dollar.

  8. Bit Coin is limitless because there are now hundreds of "CRYPTO's ",
    just like bit coin.
    When government produces FEDERAL COIN, this will destroy all other
    CRYPTO's. Bit Coin has already crashed from $ 20,000 to $ 3000.

  9. What happens when the number of bit coins get to, or near to the maximum no? then the cost of mining it could and probably will exceed its utility value? Its current price is probably a speculation well in excess of its real value anyway?

  10. You can create as many Cryptos as there are individual Fiat currencies and their infinite bills that represent them through forks. It is a scam Period

  11. The federal reserve note is probably the biggest scam and the medical industry is probably the next biggest with nasa coming third and the holocaust industry third.
    Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an undercover dictatorship … To restrict the art of healing to one class of men and deny equal privileges to others will constitute the Bastille of medical science. All such laws are un-American and despotic and have no place in a republic … The Constitution of this republic should make the special privilege for medical freedom as well as religious freedom. Benjamin Rush

Leave a Reply