Long-term thinkers ramp up Bitcoin hoarding, slow Coinbase, always try to increase your BTC stash

Long-term thinkers ramp up Bitcoin hoarding, slow Coinbase, always try to increase your BTC stash

Hello everyone this is Adam Meister the
bitcoinmeister the disrupt meister welcome to today in bitcoin today is
July the 29th 2017 buy-and-hold get rich by desiring little strong hand
alright thanks to the person who sent me some bitcoin that was very nice of you
my links are below remember to check out this week in Bitcoin we had a great show
yesterday where we had a guest from India on who actually told us what’s
going on on the ground with Bitcoin in India link is below also obviously use
my affiliate link to get your trades or or your any storage device over a crypto
h-w wallet comm mat affiliate link is below I’m also wearing a t-shirt from
cryptography tu we’ve got links below to get discounts on that and you can get
some leather case luxury leather case over at the crypto HW look there I am oh
gotta fix the hair right a little bit go shave so answer yeah tomorrow I well
it’s Sunday here in Brisbane Australia tomorrow I’m going down before I leave
for back for the United States I’m going to the Gold Coast tomorrow so if anybody
is familiar with the Gold Coast then hey man maybe you’ll see me down you’re see
me down there tomorrow don’t worry we’re gonna get into this show in one second I
just I’m really clicking around here I can’t see you guys in the chat so if
anyone’s saying hello over there anyway so what’s on the agenda here today what
do we got what are we talking about here besides crypto hwl and all that awesome
stuff so the Bitcoin dominance has increased lately as I believe people are
selling their alt coins inward again we’re Bitcoin because some of these
people out there they want non stripped Bitcoin and what
I mean by that is after August the first if you get Bitcoin you have no I most
you don’t know if the person has already stripped the fun coin from it because
remember on August the first they’re coming out with at least one coin that
they’re trying to pretend is a Bitcoin they’re forking it away from Bitcoin so
thus if you own Bitcoin before that date you’re entitled to this free FUD coin
also and I cover this fudk when I don’t mention it by name I mentioned I I
talked about in past videos you can look up look up the past videos and you’ll
see what I’m talking about here but there are people who want this who think
whatever I want this free coin you know your life is free so they’re there some
people are buying Bitcoin out just for that reason and selling their alt coins
to get Bitcoin so that’s something that’s going on out there I just wanted
to point that out now the projected up locking date for
segregated witness is Tuesday August the 8th and in the morning and after that
date and and that’s also obviously after all this flood coin nonsense they’ll
probably die down a little bit long-term thinkers if you’re if you can even think
long term for like two weeks basically half a month if you can hold off and
doing anything crazy with your Bitcoin you’re gonna be really happy by that
point because segment will be activate that the what I’m the price of Bitcoin
could be quite a bit more than it what is it right now $2,700 $2,600 right now
we’re gonna be through a lot of fun by that point um a lot of things are gonna
be a bit more clear in Bitcoin so there people is saying all sorts of big
numbers for later in August so try to be a long term thinker try to think about
think about what’s gonna be going on in two weeks can you guys wait for two
weeks I mean you could save yourself so much agony if
just don’t do anything with your Bitcoin next two weeks and so right now as the
title implies Bitcoin hoarders are just ramping up right now they’re buying the
last of their Bitcoin they’re moving the last of their Bitcoin to safe places and
they’re just getting ready to do nothing but their Bitcoin and in the long term
and it’s gonna help so that’d be a long-term thinker that’s why I preached
this type of thing and the other thing to remember through all of this once
this FUD coin comes out and i’m gonna talk about this photo coin a little bit
in a positive manner I guess um the positive aspect of it is that usually
container in your mind is you should always be trying to acquire more Bitcoin
you should always be trying to increase your Bitcoin stash so if you happen to
have some new fake Bitcoin okay and all of a sudden there is an easy way to
dispose of it where you’re not going to have to risk any of your real Bitcoin
then go ahead and dispose of it now I’m gonna go into some Michael Krieger who
has been on this show before has a very interesting blog post that I
link to below where he discusses some scenarios and
some strategies about how you might want to get rid of your flood coin this is
this fake Bitcoin that’s being created out there but we’ll get into that uh
we’ll get into that in a second alright so what would I also wonder is that and
I encourage Bitcoin hoarding I really do but I wonder if we’re getting some new
orders here because some of them just want to get this Frick coin after August
first alright to each his own but we going
back to this free coin and what people expect of it and what people don’t
expect of it we when people start valuing it and start mentioning
three-digit numbers like $200 $300 we’re talking about creating a coin out of the
blue on new altcoin because that’s all it is and saying that it’s it’s market
cap is 3.5 billion dollars or something like that that it
the number for cryptocurrency on earth and if this really happens if this
valuation happens we’re just going to learn how many crazy newbies there are
in this market that just by I CEOs blindly and just see how much our
community has been taken over by new people and if that’s the case then
that’s the case then we’re gonna have to admit it Wow there is some insane
irrational exuberance and if there is something and I don’t want people to be
could that confused I mean I have encountered so many people who have
jumped into this space and I’m so glad well you’re getting new people into the
space but they have just skipped important steps don’t they don’t
understand that you can check the public address on Bitcoin you know that their
block explores people don’t even know like these things they don’t know what
the Bitcoin having is just just weird and these are the people that are most
likely gonna get hurt by the icy OS but they could get hurt by this too because
some of these new people are gonna want to buy this off point and whatever you
do do not buy this Alcorn if you happen you know you have it for
free because your own Bitcoin that’s out there selling is fine I guess if you’re
not gonna risk your Bitcoin in some way alright but buying this off oh but uh
what I bet you’re gonna get involved with such a pump and dump it is I mean
if you want to be on the other end of that trade where everybody’s trying to
sell then you know be my guest or whatever but don’t don’t don’t do that
don’t do that if you’re a new person don’t be my guest because I don’t want
people getting hurt here um people buying this thing for $200 and then it
being worth five dollars in a week think long term here people now again if you
can sell it for $200 now then Wow I mean what a world we’re gonna be living in
its that irrational but I mean when you’re talking about valuations of $200
$100 I mean we’re talking about market capitalizations
that are greater than Manero greater than litecoin of a coin that has not
even been created yet as of today July 29th on the East Coast and July 30th
you’re in office oh yeah this coin doesn’t even exist yet
and people are fixing it’s worth more than Manero
I mean Manero they’re going to be almost the same amount of Manero is out there
as there are this new Fudd coin and so people like some people other expect the
mark to say that this new Fudd coin is worth is better than Manero in every way
possible which is an anonymous quench there’s something completely different
than Bitcoin this coin that is being created this thought coin out of China
that’s being created it does nothing what does it do that’s different in the
real Bitcoin I mean we’re talking crazy I mean they’re using the name Bitcoin
and this is a psychological thing and I guess some people who are gonna try to
buy it they’re not thinking like well I’m wasting $200 on this there’s a
different psychology involved they’re like well pretty etherium for this I’m
trading a Bitcoin for this but you’re that’s real value they’re dudes that
feel value try to like try to think of it in a different way anyway if this
thing stayed is legitimate for more than 24 hours and there’s a part of me that’s
gonna be really shocked by all of that I mean I just can’t I’m just the kind of
thinker who just can grasp for such a rational behavior and I mean no baby can
last longer than 72 hours but I mean I’m improving I didn’t wrong before and
anyway I just don’t see how a random all coin that does not exist at this point
becomes a number for cryptocurrency on on earth in a few days I mean it’s just
think of it that way but um and I want to point out that’s something that might
lead you to believe that this thing because it’s using the Bitcoin name
could surge could do something is that if you look at this Bitcoin dark that
already exists in Bitcoin Plus that already exists I believe that’s their
names that you’ve done well in the last few days they’ve like double in price or
something and I don’t know it amuses speculators buying it up to
trick newbies you think that this is the new Fudd coin that’s about to come out I
don’t know or are newbies that prevalent if newbies are that prevalent a lot of
all these are about to make I do quite well on selling our FUD coin because I
mean I’m not doing anything with that fun coin you know that in the first 24
hours of it but again if it stays around the value of 10% of one Bitcoin oh my
god so then you sell your stash of FUD coin and you increase your bitcoins – by
10% oh for these fools these greater fools I mean you have to do at that
point you’re gonna have to do it um so I mean I’m warning people though I’m
warning people like I really don’t want to see that happy I mean what a
situation we’re about to enter here it’s it’s I mean there’s a certain level of
excitement you can tell it by voices stuff and if you watch this week in
Bitcoin we covered this kind of thing so let’s go let’s let’s move on a little
bit and again notice how I did not pound that like button people because I
haven’t said it yet um what was I gonna say so let’s move on again notice how I
don’t say that Fudd coin by name you can look it up you can look up all the
players in that I don’t mention them by name either because there’s no there’s
no need to you know make it seem legitimate because it’s not legitimate
at all right I mean interesting August 1st was gonna be interesting I’m gonna
be on a plane that’s how much I care and I’ll be in New York for a few hours on
August 1st you never know who I’ll run into uh I want to know now I want to
talk about that aspect of August 1st so there’s a tweet out there by trust nodes
chromebase seemingly facing an exodus Bitcoin withdrawals delayed up to 12
hours due to a large volume of outgoing Bitcoin transactions
okay so Bitcoin as economies has really slowed down now and if you that’s
unfortunate and it and people want to ops you’re doing the right thing they
don’t want to keep their Bitcoin on a on a third party which is you should always
not want to do that I mean come on but some people are doing that because they
want to get there flip point and I don’t think coinbase is
gonna give you your free foot point so there’s a little bit of the market
psychology that there’s you know there’s some psychology going on there if
coinbase would have said they’ve given out the free fun coin maybe it’d be
different unfortunately it shouldn’t be different
but one should never keep their Bitcoin exchange look what just happened to be
TC – E and speaking of that there is a tweet out there that says that from the
BTC – e situation whatever you want to call it closure that 92 million dollars
worth of aetherium has been seized by the US government by who I don’t know so
maybe we’re gonna have an aetherium auction one day a government auction one
day that that’s that’s your the interesting um but again that’s a lot
that’s a lot of lost cryptocurrency there a lot of people are gonna be
really angry that they’re not getting their etherium back or their Bitcoin
back or their litecoin back so again I want to point out that you need to have
a strong hand people wait two weeks until after we’ve got seg with uh locked
in and after this fun coin nonsense is going on and I think you’re gonna be
happy with the Bitcoin price and whoo yeah I mean we’re gonna if things get is
crazy the people are silly and start buying
this FUD coin or whatever who knows what might happen to the price of Bitcoin and
we’re gonna get into that when we talk about the Michael Krieger scenario here
yes and someone asked me in the in the comment section about anyone just fork
off and create their own altcoin just like yes at any time anyone can create
their own altcoin from bitcoin like this flood coin is doing this fun coin is is
picking this date to create the most fun possible and there you’re doing it for
leverage for strategy for who knows what reasons but you can fork off a bitcoin
anytime you want now what people and it doesn’t matter and just create an
altcoin that’s all this is that’s all this is
and usually doesn’t get any attention it’s getting attention because people
are about it making seem legitimate it’s
using the big boy name it’s it’s there people are talking about it who have
been given legitimacy who have should never have been given legitimacy we’re
already way down a road where why this is being given attention but it’s no
different than me I could just get some dudes together and we can create Adam
Meister coin at a Meister Bitcoin and it would be the same thing but what people
are worried about is when aetherium classic type of situation now a lot of
you don’t remember that but aetherium had a hard for where the people behind
aetherium said okay we’re we’re hard we’re making a new version of aetherium
but this is area so it so and we’re just leaving this but the rest the old
atheria behind and we’re gonna forget about it and some people decide we’re
not going to forget about it so that’s where the contention comes into play
okay that’s where the bat one person saying this is the real etherium the
other person saying this is the real theorem and the majority are saying the
new aetherium is the real aetherium but original aetherium is still alive so
they have a legitimate claim that that’s the real aetherium so we don’t want that
to happen to be qin that’s what we’ve been trying to avoid with Bitcoin where
people decide you know what there’s no nothing technically wrong with Bitcoin
but we’re stuck we’re gonna fork off we the majority say this is a new Bitcoin
and we’re letting this old Bitcoin behind everyone’s gonna forget about it
and then not everyone forgets about it someone continues that old chain and
that is the situation to be avoided at all costs but that’s not what we’re in
right now um so I I hope people understood that I tried to technical way
we are not there it is not a contentious heart for what is going on so there’s
nothing to worry about in terms alright so this this this all coin
that’s being created though it I decided it is the official coin of the food
court so if you are in um if you if you’re eating in the fun court with
Peter chef and all big guys who create the fought against a Bitcoin you gotta
use this as your uh this that’s how the you pay your your Peter ships how you
pay for your fun food with the flight event maybe that’s it’s good use once
it’s worth five cents you know you buy up use a hundred of them and get
yourself a hamburger at the food court I don’t know Peter Schiff burger some
pound that like button oh my live viewers out there we got
about a what a hundred of you here at 8:30 p.m. on the east coast or 8:20 p.m.
on the east coast back home back in Baltimore and New York and all you guys
out there how you doing so uh chumpies actually brought up
something that was really interesting that I was thinking about lately that
you know for some of these exchanges you can only withdrawal $2,000 worth of
cryptocurrency in one day which is another reason why you don’t keep your
coins on these exchanges so some people are now worried that any wait a second
if BTC knees got shut down then maybe we’re gonna get shut down over here so I
gotta start getting my cryptocurrency off this well some people have like a
lot more than $2,000 worth of cryptocurrency apparently on these
exchanges huge mistake but what I was thinking about is if this BCC know if
this fuck coin that’s being created this blood altcoin if someone has like 30 of
them or in exchange for this thing I’m sending my 30 over there right now to
sell holy everybody take a few days to sell it you know get all of your Bitcoin
off of it but obviously you’re gonna sell it for Bitcoin how glorious if
you’ve got thirty of these things and you sell them you get three Bitcoin
worth of them Oh oh my god well it’s gonna take you
three over three days to get your Bitcoin off of there so that’s an
interesting scenario and then how to fit the unfortunately then during that
three-day period the exchange goes bankrupt and closes down that would be
sad but that’s just a fact of life with these limits on the exchanges a coin
journal dotnet is reporting the genesis mining which is something none of you
should get into it’s basically a scam a cloud mining is a scam cloud mining is a
scam but Genesis mining is saying they have been hacked whoo have they really
been hacked or is the gig up is the jig up is it oh I mean are they being you
know a lot of people say they’ve been hacked and they just disappear I don’t
want to start any fun but you should never been messing with clown mining in
the first place so keep an eye on the Genesis mining hack that has been
announced all right toward the Meester’s got a uh
a awesome tweet out there crypto if cryptocurrencies are life forms you
better get it you better get it largely right at launch or you risk creating
Frankenstein’s monster that that pertains to the situation of today in
many different ways with all coins that are coming out with a lot of coins that
are coming out with the ICO that are coming out all right I’d link to uh
Michael Krieger Liberty blitzkrieg he’s been on the show before he is not a
Bitcoin guy he clearly says he’s not but he’s I mean he’s a lot of fun raised on
the show and he he does Bitcoin related up coasts and he’s got this one out
there about the flood coin and he gives some strategies and he talks about how
there are people out there threatening to buy up this FUD coin and dump their
Bitcoin for it in order to dump the bit make the Bitcoin price go down he goes
over all sorts of scenarios and why you might have want to hold on to your FUD
coin for a week and then can sell your thoughtcoins
as a way to fight back against these bad actors who are dumping their Bitcoin if
these people have they are insane enough to dump their Bitcoin to sell Bitcoin
for this coin as of today doesn’t even exist okay if they’re that insane if
they’ve gone that wild if they’re that psychopathic sociopathic whatever you
want to call them they hate the current situation in Bitcoin that much if they
want power that much then whoa we’re in for a crazy crazy ride and
there’s some bad actors and then I’m ready to profit off of their insanity
and just you know fight back by dumping their FUD coin back in their faces and
getting paid three hundred dollars a five coin my god if they were to buy my
I mean who I just I cannot imagine I don’t keep repeating myself I’m a
long-term thinker this thing is in the long-term in it’s not a long-term thing
it’s a short-term attack on Bitcoin our short-term way to prepare for the
November attack on Bitcoin I don’t know a lot of newbies are gonna get hurt by
this man and a lot of buy-in holders and people who hoard are just gonna be
laughing laughing what everything that they did nothing and eventually dump
this Oh coin um finally I mentioned again reminder
trays ORS are gonna be available next Friday Joseph says that Croatia are you
all calm use my affiliate link below I mentioned how people have been
complaining to me about litecoin and traceur and the new EMA dress I have
linked it below to the a place where you can convert your litecoin and address
into a light point three address or your like point three address into a like M
addressed if you don’t know what I’m talking about then that’s cool but if
you’re a holder of like point you might want to look into this type of thing I’d
be comfortable or the situation just people have been having problems sending
litecoin back and forth to their trays or and there’s just some transition
that’s going on right now and you won’t have to worry about it if you do this
conversion thing time that like button i’m adam meister the bitcoinmeister the
disrupt meister remember to subscribe to this channel like this video share this
video do check out the new section below there’ll be some new videos coming out
at weird times from me now because I’m going to be travelling I’ll see some of
you in the Gold Coast soon enough Brisbane is it has been great it’s
lovely here in Australia count out like button I’ll see some of you in the chat


29 thoughts on “Long-term thinkers ramp up Bitcoin hoarding, slow Coinbase, always try to increase your BTC stash”

  • A3 Skywarrior says:

    Looks like China is flexing some of its economic dominance with cryto's. BCC aka China coin. They have 5X the population of USA so they will have some say in this one way or the other. The Chinese population won't care if its BTC or BCC and they are the population that is most aware of cryptos. it could get some legs.

  • Hey Adam,
    Enjoy the Gold Coast. Seems wonderful Down Under!
    I don't feel the FUD, just like you don't either, but I'm looking forward to the end of it as well. 🙂

  • Michael Nolan says:

    The thing is Adam is that you are very slow to learn, even if you only traded for the learning experience you would know way more about how these coins that are baseless come into existence and get speculated because most of these are just gambling chips and the market doesn't care. Fundamentally i don't disagree with your general news but when you act all confused by this point in the game about this silly altcoin (that is obviously a scam) it shows you are still out of your depth

  • Adam you should probably read this if you haven't already. You mentioned high on coins on your show: https://storeofvalue.github.io/posts/timeline-of-the-chaincoin-scam/

  • Jeffrey Butts says:

    I was reading a blog post about the ETC split, during its time, and they could've sold one for 0.16 BTC. Now, they're 0.00054. I lost 0.36PPC @ BTC-e. I expect the government will give it back if they have it because USA police are honest.

  • Michael Thomsen says:

    Be careful with the FUD coin – will you please on your next video tell if my solution to the replay issue that might be very real, when trying to spend the FUD coin. If you spend your FUD coin, the transaction might be replayed on the real BTC network – resulting in theft and the loss of your real bitcoin. Therefore I suggest the following procedure before activating a transaction in the wallet for the FUDcoin :

    1. After the FUDcoin Fork is realized – and stable – I suggest to send your real bitcoin to yourself, but to be sure, in another hardwarewallet with different private keys.
    2. When that transaction has completed, and is confirmed, the replay is no longer possible because the BTC has already been spent.
    3. Then activate the FUDcoin wallet and do a transaction again to your self using your old private keys, but sending to another wallet with new private keys.
    4. That should result in spending the coins on their respective networks, locking it to the right fork, without any risk of replay, and private keys is not exposed to the FUDcoin network.
    5. Using that procedure the only risc is that a replay might be possible on the FUDcoin network if someone is doing it before you transact on the FUDcoin blockchain.

    What do you think about that procedure? please comment.

    Rgds Michael.

  • BCC and "Satoshi's Vision" is an attempted attack on Bitcoin, what's happening follows perfectly from this tweet storm in March


  • Baardschurft's journey to zero says:

    The new fud coin is just the old bitcoin, the segwit BTC is the new coin. But i agree the Segwit BTC will be the winner. But if the fudcoin drops to 10€ i would hold it, it will go up again, and crash, ad go up, and crash.

  • Shawn's Silver Stacking says:

    Hey Adam, do you actually think that people even understand the ICO's and what they actually will be doing. If you truly believe in btc you should of put everything into it especially if btc is supposedly to go to a million lol. Bitcoin cash is probably going to be very valuable later on whether or not it does anything because it's part of the btc phenomenon. Should be very interesting to see what happens after aug 1st. Also if any Joe Shmoe ICO can accumulate $200 million then surely Bitcoin cash can do the same hehe.

  • :Paul-John: Barrett - Alexander Technique says:

    THERE CAN ONLY BE ONE – Adam – Can one import a bitcoin paper wallet into their Electrum and have BCC show up in it ? Is that possible ? ? I can sell the FUD coin and buy your cool T-shirts
    Would really appreciate instructions …..

  • I have several transactions still pending(pending for several days) that i sent from my online wallet to my ledger this week. I see them as pending when I view my online wallet. But when I look on the blockchain, I do not even see them registered. Can someone please help me understand this?

  • Christopher Cochran says:

    I think you should interview celebrities that are choosing bitcoin……that would make you more popular and make bitcoin more sought after……think about it..

  • Lincoln Lincoln says:

    Good Job guys!
    BTW: why have you let running Full Nodes, not be a continuing part of the conversation? Per Dave Vorick @MIT: Full Nodes keep the network secure & are the REAL VOTERS on soft & hard forks……. AND to full build/buy a full node is even cheaper than Tone's mining rig, bitseed or rasberry pi 2…. so everyone should at least be buying/building one of these and running it to strengthen the network, AND NOT BE PRONE TO ALL THIS UNCERTAINTY created by those who controlling the narrative(you all are one of those players, why not fully inform your followers???)……The more Full Nodes, the less influence mining pools have going forward. Se Dave Voricks discussion here: https://www.youtube.com/watch?v=SlyJhk8AdxA

  • Genesis is reporting now that on the night of Friday, July 21st, they detected an unauthorized intrusion by an attacker. This attacker gained access to a hot wallet and was able to transfer funds which Genesis noted they will reimburse in full. The team did not say how much was stolen. Shortly after the intrusion was detected, the team was able to shut down the attack.

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