Watch part 1 of the interview:
Lyn Alden, founder of Lyn Alden Investment Strategy, addresses the biggest misconceptions about bitcoin.
0:00 – Bitcoin’s intrinsic value
3:08 – Bitcoin is in a bubble?
4:15 – Governments will ban bitcoin?
5:57 – Supply fixed?
7:29 – Bitcoin vs. gold
8:40 – Bitcoin price outlook?
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49 Comments
Watch part 1 of this interview: https://youtu.be/FgKOH1SrrvU
Plus David, if somebody forks Bitcoin and even if they're successful in capturing some of that community, a holder will hold BOTH coins. So no dilution at all!
Man, woman, robot… I'm so confused right now.
God I know I’m not blonde this is a man not a woman
The rise of Ethereum just proves that cryptos are little more than FOMO ponzi schemes. The old claims was that Bitcoin had value because it was scarce. But when critics pointed out that any number of similar coins could be made, not to mention leverage on derivatives, Bitcoin fanatics claimed that the real value was instead in the network effects. But, of course network effects, like fashion, rapidly change.
This guy Lyn is awesome!
It is crazy, why would you use a logarithmic scale to analyze price increase. This is when people use smart solutions to make the mass stupid enough to part with their dollars. Would you analyze a stock on a logarithmic graph? 3:30
She is right in some points and wrong in others.
1. She said anyone can copy bitcoin. But that is not true. Part of bitcoin's appeal is being the first crypto. That just simply can never be copied. Further, over 1,000 attempts have been made to copy bitcoin's code and other technical aspects, including it's founder being unknown. All have failed to copy bitcoin.
2. She said the dollar makes it easier to purchase illegal goods. That is simply nonsense. The very reason why bitcoin was developed was to purchase illegal products. That's why so much bitcoin is stolen and can never be traced. That would be much harder with fiat currency due to many factors.
3. She also said bitcoin is one of the worst ways nowadays to make payments for illegal activity. She should tell that to the people that lost $billions of dollars worth of bitcoin stolen over the years with the criminals being literally untraceable. Is that not illegal activity?
I don't know why owners of bitcoin attack people for having a different opinion on BTC? They act like a cult by doing so. If you own bitcoin and believe it will make you rich there is no need to attack others that don't agree with your views. In fact, it only shows you yourself are not confident in your investment, and that is something you need to analyze yourself. Naysayers are good for bictoin at this point because it keeps prices more affordable. So embrace negative opinions, it's a benefit to your investment if you are hodling.
Bitcoin is a classic Ponzi scheme or wealth transfer system. The only way someone makes money in bitcoin is to get other people to buy in at an ever higher price at which point the late arrivals transfer their wealth to earlier arrivals. Bitcoin produces nothing, it is used for nothing, it is easily copied, it is just the latest in a long line of Ponzi wealth transfer schemes. Ask the people that bought in at 19k a few years ago or those that bought in at 39k recently how that worked out for them.
Great video, great info.
Her voice threw me off not gonna lie tho 😒
"Multi trillion dollar companies" lmao whats the market cap of crypto again? Wishful thinking hodlers.
It is a bubble.
If the grid goes down, how do use bitcoin if you can't get to your wallet?
What would it look like if the governments banned bitcoin… like, HOW would they do it?? Even with institutional investors and all the rest, IF they banned it, how can they do it?? Would they just draft a LAW about ti like all the drugs they have banned, or would it be more specific?? What would it look like if they banned it??
intrinsic value of Bitcoin vs tulip bulb?
this aged well
My concern with Bitcoin is the small number of hands in which a significant portion is held. That opens up the ability to manipulate the price by someone with a lot of money. The total value of Bitcoin went from $200 billion in Sept 2020 to $600 billion today. That type of volatility doesn’t bode well for a good nights sleep.
Is… that a dude?
No way it will ever go under 1k
Blockchain is amazing. Crypto currency = slavery. We need many currencies competing not one. Anything controlled virtually can be shut off. Look at twitter. They don't like you, you get disappeared. Say something not in line with the narrative?. So sorry, money go bye bye.
Bitcoin has a negative intrinsic value because you need electricity to keep the system running. Just one transaction needs 700 kW. That's about 150 Dollars. Not the owners but the new bitcoin buyers buy the electricity bill. That's a pyramid game. It's a crime and a huge pollution.
Well done. At first I thought you were going to have somebody on that always points us to buy metals, but this was great because I felt like it was very frank and honest. Lyn is super sharp. Thanks!
Everybody who owns Bitcoin is bullish. The people who don’t are bearish…
🤔 she sound soooo….. manly.
This girl is definitely a transexual but aren't all south East asians….
What is the biggest price it will hit this year? 55k, where will it go from there? 15k…
Literally her only argument as to why she's bullish is due to the TA. She just looks at the chart trend… that's it. She's given no fundamental reason why bitcoin should succeed.
bitcoin is computer code ….how much does it cost per lb? …zero?…….thats its intrinsic worth ….same as fiat ….its not e-gold ….its e-fiat
If you don’t hold it, do you own it?
I say $0.00 as there is NO underlying hard asset!
Love this interview!
She could be an alien
How much steroid did she take?
Voice throwing me off
Central Banks control Gold Prices to save the dollar, right? CCP is buying up the gold so the we America goes to the Gold backed Fed Coin is released we will be at a deficit…..China is buying our debt and in doing so buying us! Re-think needed ASAP!
bitcoin price is based on human emotion, not logic. that said, if you know people are stupid and willing to do stupid things, shouldn't you then be banking on their stupidity?
So what would happen if Satoshi Nakamoto sold his bitcoins (6% of all in existence), say tomorrow? No one seems to talk about the big players and their ability to manipulate the market.
Funny how there is not much talk of Bitcoin as digital currency anymore instead it is more of an asset class that can be hedged against inflation. Her basic point is because bunch of people believe Bitcoin has value then it must have value. Seems more like a new religion to me🤷🏻
He/She is kind of metal~🤘
bitcoin scam
When Lyn Alden speaks I Listen.. Love you Lyn. even though i only understand about 1/10 of what you say.. I went to public school
What will happen to bit coin when the governments start their own digital currencies?
Bitcoin over $31K right now. Punched right through the all time high and did not retrace. Off to the races in 2021, hopefully with a bit of a pullback to the low $20's or below in order to enable more accumulation before it hits $100K. Either way; I'll be dollar cost averaging.
Lyn Alden looking like a 13 yr old boy😂
Gold has never been considered forgery or considered foreign currency. Its God currency
Yes banksters can ban or block internet anytime they want to. If u don't think this can happen , u are very nieve.
That’s a girl? WTF
Lyn is brilliant, best macro analyst on the web- pithy and succint. She is also not trying to sell something, huge respect. She is obviously insanely intelligent, and very well read.