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Bitcoin & Cryptocurrency Crash Proves They Are Worthless Hype

1,309 views · Published 7 December 2018 · 12:03 · Indexed 26 October 2026

Channel: Loy Machedo · 2018 · Entertainment

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The Bitcoin & Cryptocurrency Crash Proves They Are Worthless Hype

I have taken these points from
Ronny Moas - Founder at Sandpoint Research
Tom Lee - Co-Founder at Fundstrat Global 
Naeem Aslam - Chief Market Analyst at ThinkMarkets
Mati Greenspan - Senior Market Analyst at Etoro

And in this video I cover the following points
Bitcoin - Digital currency
Prediction is in the stock market you earn 7% a year
Bitcoin value in 2015 - 333
Bitcoin value in 2016 - 600
Bitcion value in 2017 - 750
Bitcoin value in 2018 - 20,000
Now its at 3,900

ICO Space you have
Bitcoin, Ethereum, XRP, Litecoin, Zee Cash, DCG, 

Bitcoin limited  - forked into 
Bitcoin, Core, Bitcoin Cash

How much does it cost to mine a bitcoin?
2015 - 200 dollars to mine a bitcoin

Infrastructure
Operating Cost
Servers
Electricity
Costs more to mine a bitcoin than the value of a bitcoin

2018 -  6,000 to 7,000 to mine a bitcoin

Can See Miner in 2016  - went out of business
12.5 Bitcoin every 10 minutes

No one knows who owns what
What is happening
Who is buying what
No regulation
Whom do you tax?

Regulators do not want to take unwanted risks with unwanted speculation

ICO have to be registered by the SEC
Jay Clayton - SEC Chairman
Bitcoin is not a security
Offering securities - compliance laws
Security laws apply to ICO space
Disclose financial statement
No ICO registered

Most people are buying Bitcoin OTC - over the counter

OTC Exchange offers convenient low-fee escrow service and a marketplace to perform currency exchange operations between PayPal funds and Bitcoin. The escrow service is using automated verification procedures thus providing payment/funds delivery guarantee for both trading parties.

OTC Exchange marketplace does not require its members to maintain any kind of internal balance and employ deposit/withdrawal procedures. Funds are only kept by the marketplace till order fulfilment. Should order originator wish to close non-fulfilled or partially fulfilled order, correspondent Bitcoin amount is sent back to its respective owner. PayPal funds are not kept by the marketplace at all, they go directly member to member.


Stock market crash
1929, 1987, 2002, 2008


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