What Is Bitcoin Mining?
Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem is awarded the next block of bitcoins and the process begins again.
Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?
However, before you invest the time and equipment, read this explainer to see whether mining is really for you. We will focus primarily on Bitcoin (throughout, we'll use "Bitcoin" when referring to the network or the cryptocurrency as a concept, and "bitcoin" when we're referring to a quantity of individual tokens).
A New Gold Rush
The primary draw for many mining is the prospect of being rewarded with Bitcoin. That said, you certainly don't have to be a miner to own cryptocurrency tokens. You can also buy cryptocurrencies using fiat currency; you can trade it on an exchange like Bitstamp using another crypto (as an example, using Ethereum or NEO to buy Bitcoin); you even can earn it by shopping, publishing blog posts on platforms that pay users in cryptocurrency, or even set up interest-earning crypto accounts.
An example of a crypto blog platform is Steemit, which is kind of like Medium except that users can reward bloggers by paying them in a proprietary cryptocurrency called STEEM. STEEM can then be traded elsewhere for Bitcoin.
The Bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining: to legitimize and monitor Bitcoin transactions, ensuring their validity. Because these responsibilities are spread among many users all over the world, Bitcoin is a "decentralized" cryptocurrency, or one that does not rely on any central authority like a central bank or government to oversee its regulation.
How Much a Miner Earns
The rewards for Bitcoin mining are reduced by half roughly every four years.1 When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.
In September of 2021, the price of Bitcoin was about $45,000 per bitcoin, which means you'd have earned $281,250 (6.25 x 45,000) for completing a block.4 Not a bad incentive to solve that complex hash problem detailed above, it might seem.
(https://www.investopedia.com/thmb/3eyC03cDEh9om3G4fKYN5RcTqa4=/660x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_How_Does_Bitcoin_Mining_Work_Dec_2020-02-5e922571968a41a29c1b01f5a15c2496.jpg)
What You Need to Mine Bitcoins
Although early on in Bitcoin's history individuals may have been able to compete for blocks with a regular at-home personal computer, this is no longer the case. The reason for this is that the difficulty of mining Bitcoin changes over time.
In order to ensure the smooth functioning of the blockchain and its ability to process and verify transactions, the Bitcoin network aims to have one block produced every 10 minutes or so. However, if there are one million mining rigs competing to solve the hash problem, they'll likely reach a solution faster than a scenario in which 10 mining rigs are working on the same problem. For that reason, Bitcoin is designed to evaluate and adjust the difficulty of mining every 2,016 blocks, or roughly every two weeks.1
When there is more computing power collectively working to mine for bitcoins, the difficulty level of mining increases in order to keep block production at a stable rate. Less computing power means the difficulty level decreases. At today's network size, a personal computer mining for bitcoin will almost certainly find nothing.
All of this is to say that, in order to mine competitively, miners must now invest in powerful computer equipment like a GPU (graphics processing unit) or, more realistically, an application-specific integrated circuit (ASIC). These can run from $500 to the tens of thousands. Some miners—particularly Ethereum miners—buy individual graphics cards (GPUs) as a low-cost way to cobble together mining operations.
full article https://www.investopedia.com/tech/how-does-bitcoin-mining-work/ (https://www.investopedia.com/tech/how-does-bitcoin-mining-work/)
Of course they can. They can REVERSE this at anytime. With CONTROL of the supply, they can control the Price. This is ALL set up to slowly choke the life out of alot of people.
Of course there is inflation now, u just printed more than 3 trillion in 2 years.
Thank you for this !
Is this misleading message about inflation approved by the Biden whitehouse ?
Can the Federal Reserve control inflation? The Federal Reserve is causing inflation. Stop printing money. Biden administration needs to stop spending so much money and allow oil companies to drill. It's not complicated.
Who made bitcoin? How many bitcoin does the owner have? If the maker off bitcoin sold all hes bitcoin what will that do to the crypto space?
0:51: Noice 6:19: Weird pacing on bubble...
AMC t the monnnnnnnnn
It can be but people dont want to work hard to do it
Got to love Mr. Brooks' macro questions in his opening statement ~min 33 including: Do we trust big banks more or a open source model more?
F J B
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
The us economy is dead, these people should be ashamed of themselves for doing this to the country. They just keep printing money, more inflation is on its way.
Are these people for real. Markets price the future I would have lost tonnes of gains of i had listened to these smartasses thank God i held on to my ether.
Yes stop governments printing trillions
"nobody likes inflation" is a silly statement because without it you could actually be paid LESS. If we enter deflation which I expect to happen the second half of this decade people will be getting paid less because businesses make less. Yes, things cost more and you have to budget for it. But let's not pretend inflation is that simple, because when moderated inflation is great.
It's too late for Feds to save now. They should be in Jail for inside trading
A recession is when your neighbor loses his job. A depression is when tounlose your job. A recovery is when dr Fauci loses his job.
Huh. This is the one problem that can't be resolved right away. It will take years and no legislation will be able to fix it
transitory means it wouldn't stay 3% it will move to 5% then to 8%. This is HOW the Fed talks. Just look at how subprime develops...they were watching it all happen with their eyes closed.
That seemed more like commitee R&D for their own CBDC.
These regulators don't stand for Americans they refuse to
Sure raise the interest rate to 20%
Why even have Feds. They are clueless...
Sherman is a vampire!!! A globalist gnome!!!
Mr. Brooks!!! Mr. Brooks!!! Mr. Brooks!!!
Not if Biden keeps making policies that increase it. For example, now truckers can't bring in goods from Canada unless they've been vaccinated, and that means 20% of truckers that normally would deliver cannot. So that's going to increase the cost of goods. And Biden and his team are either too stupid to understand this, or they understand it completely and want inflation. That way when the economy fails they can take it over completely and blame capitalism.
world Governmental debt and out of control money printingThis article is flawed inflation is caused in a large part by excessive money printing. They did not even mention this among the causes that have led to this wave of inflation. In fact there are multiple causes of inflation that are all made worse by the national
I can't understand the mandate for the federal reserve is supposed to be stability when they are the ones to cause even more unstable events. They should only ever control the money supply based on the population and not by natural disasters and now we're seeing the product of that happening. People always seem to blame companies first for a lot of the issues at hand whenever we have a crisis arise but don't understand who were the ones to start it and continue to produce more of them. Interest rates should be at least a couple of percentage points higher because these low interest rates are providing an incentive to just borrow freely without any repercussions. I can see why bitcoin was created to challenge the stupidity of the monetary system but again it's filled with corruption and flawed with the same issue with everyone trying to play mind games with the public to make it seem like it's a fair game. I truly think the best way to get a good money system in place that is based on merit and genuine work is by utilizing the blockchain concepts to monitor for fairness in all transactions instead of just making them public. Something that denies out weighted transactions and promotes balance and stability over the toxic growth mindset beyond everything mentality.
End the FED
I respect your work mate. TA i's all well and good but i find it truly baffling that all major crypto rs just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets.
GME AMC
Im working worldwide for god servant thats it
crypto looks something like all parties can agree on
The US can lock me up rn for trying to insight a revolution
Interest rates are too low. That's always a critical tool for controlling inflation.
Santoshi nakatomo told us this, "that's why support bitcoin"
As Peter Schiff would say, you cannot put the inflation genie back into the lamp.
POWELLLL GO BRRRRRRRRRRRRRR!!!!.....
We can start by hanging Central Banksters for Treason...then most of Congress for allowing it...
He definitely said sec not oec.
Nope people need inflation in their pay checks
Why yes, stop printing money and BOOM inflation stops
Better stop. Middle class now living like those living on 25k 2yr ago
11:42 who is the old man who just rolled out of bed? Couldnt have at least made his bed if he was going to do it in his bedroom?
Want to stop inflation? Simple: just stop printing.
Love this! Lets see if this helps the dinosaurs evolve in their prehistoric way of thinking.
Can be, but its not going down. Gas price is not a major concern. Things like grocery, rent, housing price, tax These things are much more serious problems
Inflation is part of the plan. Just like the vaccine mandates. You will own nothing and be happy. Rich get richer, Poor get poorer.
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
President's pay goes DOWN in the US. AI is a viable, looming threat and this is not a conspiracy theory. It's already doing stock trades faster than any human has a chance to.14:47 - The trades are such a field that is being neglected. 1 year and an apprenticeship can get you a $100k job. I am not kidding and have met some earning more than that annually. The day a computer is smarter than a CEO in predicting any consumer market is the day the modern CEO
<The year 2021 has been like a rollercoaster so far. The markets started off with a bang, with Redditors gathering and shaking up Wall Street by trading Gamestop stocks. Then, Bitcoin started spinning the charts up and down, Ethereum surprised pretty much everyone with its price hikes, altcoins started booming like never before (just think about DOGE), new market actors even rushed in to join the race. After all this, if you are still on the fence about getting in because you are worried that its too late to get started then you have to trade with the guidance of a professional<In three weeks of trading I have been able to make 9 btc using signals from Liam Noah. he can easily be reached on Telegram as [ liamnoahs ]
DBA has so much in store and you don't want to miss out on huge opportunities. To the moon #DBA
*Senator:* "but if you don't sell a product, then how do you make money!?!?!?" *Bogdanoff:* "Senator......we pull rugs"
Late capitalism
Money printer went brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr! Inflation goes uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuup!
Raising taxes, fees, interest rates and turning off the money printer. Just a few things from the top of my head.
What are you doing god man turkısh trader
Like an addict the government will spend us into crisis they cant stop.
No actually all this stimulus money does have a positive correlation to the severe inflation that persists today...there is no denying that
Stellar sounds more like a marketing pitch
Coinbase defiantly has some scams going on with deposits disappearing and no record of it to be seen.
A WORD OF ADVICE TO ALL THESE CONGRESS MAN AND WOMAN OWN AT LEAST 1 BITCOIN!
Great gambling advice!
Youre not gonna need a graduate degree. Many coding jobs dont even require a bachelors anymore. Gotta love legacy media and their Boomer advice.
FED has been asleep, or deliberate sabotage is happening with money printer ( benefit the rich, at expense of poor). Stagflation is the next stop... especially under the "leadership" of the current administration
My concerns band questions are as follows. Can crypto currency be used to purchase items at a yard sale? Can it be used at the strip bar, can it be used to buy nuclear armaments? Can it be used to support failing enterprises domestically or abroad? Is it fractionally reserved bankable, can the thousand day interest method be applied towards it? Does it honor the founding fathers? How easy or difficult is it to counterfeit? Is it FDIC insured? What backs it, could it be taken to a bank and exchanged for an IRA contribution? Does it cost money to use like some debit cards and credit cards? How difficult would it be to loan one of a crypto currency carriers friends or relatives twenty dollars if a situation arised? Could it be used to donate to charities? What about campaign contributions?
All of Ms. Dixon's answers were disappointing and not to the point.
0:51: Noice 6:19: Weird pacing on bubble...
End the FED
real information rather than your study Every time publishes a study, I just look at the title, pause the and go thru the comments to find out why... no offence but the comments section is full of actual
Inflation is criminal
Your bachelor's degree is not worth Jack anymore.100%
Bitcoin > Terrorist Paper
When he first started speaking and straighten his eyeglasses you knew he was going in
The evolution of civilisation.
Tesla is kinda going through stuff now with their Harrassment charges...
Inflation only stops when it finally kills the host. But it always comes back.
"Five Signs That Apple Is A Bubble - Forbes" - April 23, 2012
Issues can be solve by printing more to cover the last inflation rate
Joe Biden=INFLATION
LOL when I hear the 2 % preferred rule... Have they ever done a good job of keeping that the average rate.. LOL! I think the average rate has been more closer to like 3 or 4% over the last 40 years, let me know if Im wrong. I like learning more than I like being right by a lot.
Great gambling advice!
It takes the 24 seconds to bring the first completely wrong statement. Valerie Wilson: Nobody likes Inflation. Somebody who has material assets for example in brick and mortar and also huge financial liabilities like a mortgage can like inflation as it is going help him to pay back the money he owes.
I think the point is US citizens are sick of the laws and regulations that makes business and growth overly complicated and down right not worth the investment in emerging technology. The US government is killing the ability for the USA to compete in the world market with over regulation.
We all know why gas prices are up so why do they blame it on inflation?
No. Here's a better question, though: does the US WANT to stop inflation?
4:04:30 You bring up coal being used for bitcoin mining yet you address bitcoin mining. Bitcoin runs on electricity. Not coal. Further, the bitcoin block difficulty scales with the network's hash-rate. That is to say it doesn't even need to use a ton of electricity. It only does so because people are greedy. People are also lazy, and so yes, they use coal. Wanna fix it? Tax the hell out of coal. Please. Full support. Increasing carbon taxes is a great idea. Changing the consensus mechanism of Bitcoin? Likely not even possible. Also! Have you heard of Klima DAO? :) Pretty cooooool.
Yeah, raise interest rates by .25% every 6 months until you reach 2%, then stop! The reason raising rates screws up the economy is that they go too fast. Give those Fed governors each a lollypop and tell them to chill. 3% is too high and it will accelerate economic decline. Productivity has increased per actual human man hours. If you go by dollars per productivity, it will be wrong every time. Union busting has contributed to income inequality. The Fed always overreacts in either direction. They actually cause instability.
Joe Biden= INFLATION
I thought I save you the time...the answer is no...
Everyone knows that with 0 interest rates, the inflation cannot remain transitory. It twill keep going up.
Everything
A bunch of dirty corrupt politicians
Ok, the dude talking about hamster coin hasnt got the slightest clue as to whats happening here. Eth replacing Bitcoin is like saying that a car could replace a washing machine. And then he goes on to complain about coorperations, banks, and wall street making money off of this, of course he is right, they are and will continue to just like they did with everything else. Of course he does not mention the many lives that were changed for the better due to the tech, many of which had next to nothing before they found crypto, and the many that will be change simply because of the access they will gain to the global financial system of the future. There will always be those who seek to capitalize on anything they can. And then he complains about fees, yea coinbase might be a bit expensive, but the crypto exchanges are just a small part of the over all industry, and I don't think he has the slightest clue as to what this industry is. The exchange is simply an on ramp, once you are on, and move off exchange, there are no more third parties to deal with. The fees you pay on the blockchains go to the ones who support the networks, which is a widely diversified population as opposed to a few CEOs or bankers or wall street elites. This industry provides opportunity for anyone and everyone who decides to come in. And no, it will not ruin the dollar, there are many reasons why this tech could help boost the dollar in the years to come. If the dollar fails, the most likely reason for this will be the goverment itself. The United States needs to get ahead and stay ahead in the crypto industry if it is going to keep its place, its monetary dominance in the world.
for the vice president kamla haris only making india benifit ..india bought s-400 misale from russia but USA affraid sanction india..because they hiprotise whole USA gave their vice president,ceo,employee..that brings america suffer one day when american president or everything controll this indian..they lost their super power and lost india,russia,chaina.. so know thats time they should clearify this and should sanction india for s-400 missale bought..and also shouldn''t make any good position indian,chaina,israel people
Has the Federal Reserve done anything right?
the ultimate bubble is going to be the US Dollar, and the catalyst will be the bond market...then the Teslas and techs will follow suit
Should be titled "Can the government spending and Fed printing be stopped?"
What changed in 3 days. Now your saying the economy is great. Lmfao State ran media.... its funny how after meeting with bidens white house and they told you to stop talking negative about the economy. We know the Economy is crashing. How do we know? We see it in everyday life. Unlike you guys we actually live in the real world trying to get by. While the rich can sit back.
Protect Mr. Brooks at all costs
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
Should be titled "Can the government spending and Fed printing be stopped?"
buy I Bonds. Over 7% now.
Don't you find it fascinating how the government has literally no say, on important economic projections that affect the population? THAT ALONE SHOULD TELL YOU WHO IS REALLY IN POWER!
End the FED
The fact that these bubbles kept on inflating during Covid tells you all you need to know, the Fed is the US economy at this point.
I love how all the executives dumb it down and explained it in layman terms so that all these government boomers understand Crypto.
Who made bitcoin? How many bitcoin does the owner have? If the maker off bitcoin sold all hes bitcoin what will that do to the crypto space?
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
-NPU0YNuq2Eyoutu.beThis is why Deagle predicts US population will be down to 100 million in the next few years. Economic and monetary collapse. https:
Mr Brooks confident smile as he talks justified to me being 95% in crypto, and the lawmakers compliance is brilliant to finally see.
It's amazing to see the difference in competence between the people in the crypto business and some of these lawmakers. Some of the questioners still clearly do not understand the area. How can they regulate?
Definition of Inflation (new): When you take an large amount of words to explain the interest rate concept AND ultimately at minute 13-14 get to the FEDs "plan" of WAIT AND SEE approach. When this happens you have to question why this piece was created. What is true agenda?
After listening to this segment, most of these economists do not believe in themselves and their monetary policies. Just leave the FED alone, they can fix our economy. Why do you think they created the FED back in 1913? To solve and prevent problem such as the Great Depression like in 1910. The FED knows what they are doing.
XLM CEO!
80% off all democrats have BTC from the stolen money that they need to hide and store somewhere els liberal make me sick
anti trust would show that the so called inflation is a lie. its corp price gouging .
I will not be buying much of anything but what I need to survive and save save save
This so called "bubble burst" was not the first time I'm hearing about Bitcoin. I heard this in 2017-18 as well and stopped myself from buying and now I'm regretting
It's gonna burst soon
What can be seen as a problem could also be seen as an opportunity. I am thinking of people in their mid thirties who have felt trapped by student or other types of debt. Those costs are fixed so if people in early to mid career can trade up to a better job with higher pay they are in better shape.
What if the inflation is grow faster than the bubble? Can I call it "Slow-mo popping bubble?"
No, inflation cannot be stopped.
I don't think liberals understand how the economy works.
Tesla is not a bubble if you really understand what Tesla is you know its very undervalued
TEAM TrAnSiToRy
End corporate welfare, raise taxes on ppl making over 400k a year and raise interest rates.
Y'all want y'all's cut let us get this money out of crypto.
Simple, start raising interest rates at a slow, steady rate
Buy Bitcoin
I suggest buy insurance from crypto
It won't be stopped until we get more Volcker and less Powell.
FED has been asleep, or deliberate sabotage is happening with money printer ( benefit the rich, at expense of poor). Stagflation is the next stop... especially under the "leadership" of the current administration
DOGE....LAMO.... That's why elon want to become a influencer and run these meme media companies.....Wait...what you're comparing Tesla and GME
Excellent and even handed !
Well the usd hasn't actually met real inflation as global players keep on purchasing the USD, the current inflation we're seeing right now is purely artificial. Exchange rates haven't changed much. Prices of actual commodities still are purchased in usd, until the global economy ceases to subsidize this ponzei scheme, the fed will keep on printing.
Bankman Fried this guy don't make eye contact when talk. Typical nerd.
Crypto market is becoming more appealing to investors seeking low-correlation assets that diversify portfolios, with no doubt in mind that we are going bull with little signs of stopping. I'd say it's out rightly wrong to just sit back hold and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profits should be the way of life, even experienced traders are in a doubt to take long or short position, The conditions of this bull market are unlike anything we have ever seen. I got this tips first hand from Ethan Wilbert he is always a step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings has increased drastically from 2.1Bitcoin to 17.7Bitcoin in just 3 months and 2 weeks. I've got full confidence in he's trade abilities. it's advisable for every investor to take advantage of he's strategy , Ethan can be reached on @ [ @Tutorwilberts]
Can it be stopped? Not until a senile old man quits printing money.
Shocks are all about future I think. If you wait until the company is earning a fair amount of moeny or mature, there won't be a fair price either. So some companies that is not earning very much now or even with minus earning could seem very expensive. But that doesn't mean it's in a bubble. You take your bet or prediction about company's furture and you earn or loss. Not some value finding which is nearly impossible i think because i think the market is kind of effictive so why should you find something that is highly undervalued?
Run for the hills! Save yourselves. Inflation bad!
Big-AI logistic companies can always exploit this with their CCP supply chain monopoly if we don't implement our local manufacturer supply chain infrastructure. Logistic-pilot must have fault tolerance and fire those stupid Big-IT. They don't know what they are doing, just like those CCP easily bribed Wall Street investment brokers.
The world governments created this problem using covid as an excuse.
0:51: Noice 6:19: Weird pacing on bubble...
It's gonna burst soon
I see 2 things...blue collar workers that still only make $8-12 an hour and those that have TOO MUCH. I live in a rich State in which people are poor. The richer the state, the poorer its people. Our minimum wage is still $7.25 and business owners use this as an excuse to pay $9...because "it's $2 above minimum wage, what else do you want!?" While our local economy is booming, the average shmo is severely underpaid, giving the fact that it's Californians with BIG money moving here and severely f**king up the economic balance. If we had less rich and overpaid business owners, we wouldn't have inflation, because nobody could afford inflation. The government sees (and tracks income and profits of the general public) how many new above-average A**holes have a pulse within U.S. borders, and fake -->accidental inflation<-- on purpose, making it seem like it's some alien entity causing the effect. It's a clever scam, a theatrical play if you will, to create a continuous larger divide. It is being done on purpose .... there are no run-away accidents.
I don't think liberals understand how the economy works.
When someone states or ask questions about a "bubble"... it shows me that they are actually not very involved in crypto or block chain right now. As far as I have seen much of the crypto market is actually in a consolidation phase or slight downturn in a larger, uptrend cycle. In other words many cryptos are actually somewhat beaten up, currently. It is likely that the questioner's information is far on the periphery or about years or almost a decade behind. It is likely much of their information is based on hear say of the uninvolved and not current. They may or may not be interested and have hard of the crypto market, but have mostly "heard" so much negative talk from people who are actually not even involved much themselves. Perhaps random people or talking heads with no skin in the game, or any real involvement.
The startup bubble is one that is going to explode big time soon. There are companies we don't even know of yet that are worthless.
services. The cost of labor is a fraction of overall costs.The economists like to point out that increasing wages creates an inflationary pressure, but the reality is that such increases for a successful company have minimal impact on the cost of its products
Easy: Make Money more expensive (higher intrest) inflation falls, make money cheaper inflation rises. A lot of national banks do this for a century and it works!
ROBBERY
Nope
I was hoping for the Bitcoin bubble pop, but it's still going strong.
lmao increase employment for more state income. So criminal yet we have no government above the government. Keep believing this is democracy.
The federal reserve should have negative interest rates because negative interest rates would be great for the economy.
Thank you for this !
Dear US Govt: Buy Bitcoin into the Treasury. The new Gold Standard
why dont these people do stuff about dark pools ? and the shady stuff the hedge funds do
We dont want to stop inflation tho. Deflation is much worse then a bit extra inflation
Bankman Fried this guy don't make eye contact when talk. Typical nerd.
Maybe don't do anymore stimulus payments because all they do is create more USD
It's gonna burst soon
This didnt even cover shrinkflation, which is where prices stay the same, but the quantity per item goes down. If you accounted for that, the CPI, and overall inflation, are even worse.
Hyperinflation in Germany, 1914-1923 , yes the very smart and world leaders in banking couldn't make this debt-printing work either. Those who don't study history are doomed to repeat it and the US "FED" is a private company of conglomerate owners, btw its a great example of misdirection and "Sheeple" herding, again...again ...again ... The super wealthy few, feed off the workers; there are ZERO other meaningful "sides" or politics. Those fake-differences are just a smokescreen If workers simply refused (or were ashamed) to create super-luxury goods and services, the economy (the super rich) would be forced to pay more for those ridiculous luxuries and the workers would gain some control of their economy, permanently
The only one hurting is them because they can't buy cryptocurrency legally they are being left behind. Cyptocurrency is taking market share from traditional investments like gold and even a good share of stocks. Microstrategy just buying bitcoin at 30k not only made them billions but grew there companies market cap by quadruple .
<I see BTC at $75K by end of this year but Will always let anyone know to forget predictions and start making good profit now because future valuations are all speculations and guesses. The market is very unstable and you can't tell if it's going bearish or bullish. While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow .I was able to make 21 bTC in just November from implement in trades with tips and info from keith Brian Jerry>>
Sounds like both sides are discontent with the SEC
Stop f***ing printing money. The more money is printed, the less valuable the money in circulation is going to be resulting in Inflation. Classic examples are Venezuela, Zimbabwe.
side, does not produce anything: It consumes energy, it is not creating anything tangible and its thousands of competition crypto currencies are far more advanced. It is the slowest transaction currency, it is not protecting privacy, and it fluctuates on a whim.
Nice ! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs stacy maya.
Well, stop buying. Cut back to your essentials.
What's the problem for stable coins and cryptocurrencies to undermine the dollar? If they do so it means its better. The dollar only benefits these at the top Not the people. The fact that we need stable coins and crypto is fact that the government is not doing its job right or we wouldn't ever need them.
Safemoon
Politicians have no idea what's truly capable with crypto...
Great discussion on cryptos fantastic questions and answers, will anything change.... no, America will continue to lag behind
"nobody likes inflation" is a silly statement because without it you could actually be paid LESS. If we enter deflation which I expect to happen the second half of this decade people will be getting paid less because businesses make less. Yes, things cost more and you have to budget for it. But let's not pretend inflation is that simple, because when moderated inflation is great.
Though the help of ️.I was able to add $5,000 to my bitcoin wallet for me to start business. Guys here in Australia mask have really been good to us all
Bitcoin made to look like gold is false advertising.
I paid more for a piece of crap used car this year then I did on my brand new 2020 car before the total loss. Damn
A WORD OF ADVICE TO ALL THESE CONGRESS MAN AND WOMAN OWN AT LEAST 1 BITCOIN!
Get rid of the fed go back on the gold standard stop endless bills and spending, dump the tax code and re write the entire thing so Amazon, Google and the like pay taxes on actual earnings not something made up. Most people pay more taxes by % of what they make then these big companies. Entire system is built to help the 1%.
The Federal Reserves needs to stop printing money for the private and public sector for a whole year. Then have a Interest rate of 1% for the next year. This will force the federal government to raise corporate tax from 21% to 50%. Close corporate tax loop holes and tax breaks. To still insetive investment the federal government needs to abolish the capital gains tax and replace it with a 3% wealth tax on anyone who has 10 million dollars or more in stocks, bonds, precious metals, foreign and domestic currencies. The Federal government will have double the pay roll tax. Abolish income tax for anyone making less than one hundred thousand dollars a year. While having a 50% income tax on anyone who makes a million dollars or more with no tax breaks. The Federal government needs to abolish the federal fuel tax and replace it with a progressive land added tax.
Bitcoin > Terrorist Paper
Like Facebook. Congressmen don't want to seem retrograde. Only 4 serious questions:( play to earn, what is that? Nft?... Pump coming
Yes remove the people causing it and it will it's being done on purpose
Smoke and Mirrors
Played with the donkey and all we got was the D! LET'S GO BRANDON!
$Super ..SuperFarm (20x) NFT +Gaming and soon Metaverse.. Ellio is the Founder
<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks,<You can reach him on TE LE GRAM >>>> @LeonCalvintrade...if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
Anyone found out what exactly is that on her face?
We stand on the shoulders of Satoshi
Did Mr. Sherman write these thoughts back in 2017 and just find his notepad for this hearing? Jesus, why is he up there asking questions?
"that's traditionally low margin business" Sure, but Tesla's margin on vehicles was ~26% (!) last quarter, and Hertz didn't get any discounts: they just got in line like everyone else.
Well lets check out the corporate slant on inflation
Is there short info about result?
buy I Bonds. Over 7% now.
American are not interested,
Not one mention of the Fed's balance sheet or total money supply
Depending on China for goods & wasting 2 trillion dollars on a war is how we got here.
Of course closing down our energy independence had nothing to do with this.
Bryan Brooks on point
Yea, stop printing money at unprecedented rates and raise interest rates.
Unions should be scrapped. What a waste of money.
Yes it can. Re-Elect Donald J Trump
Nice ! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs stacy maya.
All you normies who think bitcoin is a bubble, good luck.
yes, if all currencies have the same exchange rate, or just use gold or silver currency
Yes, get rid of all democrats and socialists
Biden is worst. He's wants to print more. Let's get rid.of him now.
Good to see discussion of Financial inclusion. Unfortunately, this group reflects an industry that excludes the Black and Brown community as companies, investors, or other participation. The lack of access to capital and the exclusion that exists in banking needs to be addressed in Digital assets to solve this issue.
Did Mr. Sherman write these thoughts back in 2017 and just find his notepad for this hearing? Jesus, why is he up there asking questions?
Inflation crisis can be solved it depends on the monetary policy structures use. Since inflation is described as too money running ahead of fewer goods. May be the government want to solve the deficit problems,and solve the issues of the import of goods &services.
There's too much debt in the system. There's needs to be growth to outpace debt obligations. Any deflation is an instant calamity that halts the economy. Boomers need their asset values to retire. Younger generations need to accumulate assets with labour and productivity.
End corporate welfare, raise taxes on ppl making over 400k a year and raise interest rates.
So if you print %40 of the monetary supply ever you experience unprecedented inflation? Im intrigued.
%3 interest rate will bankrupt the US. It's simply not possible to raise it that high which means if inflation ever manages to slip and expectations enter a loop, there will be absolutely no way to tame it back. The US has to start paying back the debts for which it needs to let go of the strong dollar insistance that creates almost a trillion dollar deficit every year.
When you print more money anytime the economy has a dip and give people "relief funds" aka money for no reason. You will have to pay ot back through inflation.
A man says, that someone can lose what sounds like 2 or 3 dollars, maybe 2x in and then out, total... in a couple of days, says thats well over a thousand percent.... its clear... its time for him to resign. He is actually in cognitive decline... 4 to 6 dollars out of 100 is not 1000% ... ever. Its time to retire... Please give the over priced pay that you enjoy off of tax payers, to the hungry and and needy of America. NEXT!! XD
Biggest bubble is the government printing money like there is value in it. The money is simply going to many of these investments as a way to keep up with inflation. Rich get richer no matter what.
Push gold in cpi data let's go baby!!
listen if the United States does that they are idiots. I have watch one man alone on twitter and reddit show everyone how xlm is not safe that it is manipulate and can be move the way he wants it there is a he made so eveurone on pirate couod see it where he move two different tokens sround trading against xlm and droped xlm over night then build it back up the next day. He has been kicked off by every russian dev stellar has working for them they had him removed from reddit and linkedin. So we tried his method and he is right We also found the illegal exhanges that are doing this he show ot all 100% clearly and the ceo ofd stellar and all the other he emailed ignored him
Remember tala
Get Trump back
Good luck, ya played yourselves. 40%-50% on housing? hahahahahahahahahaha. The "honorable Jerome Powell" that 's even funnier. The Fed doesn't need reform, it needs to be burned to the ground.
Elon Musk is the next Elizabeth Holmes...........
14:31 -> NUK library in Slovenia. The room where I studied for most on my exams back in the day. ️
Crypto Makes for A Wonderful Bubble When It Pops, There Is Nothing There
We need Unions and Political change to solidify our rights as workers & people.
The wealthy are buying stocks, gold, crypto, real estate, land... anything they can get their hands on. They are even trying to buy entire neighborhoods and cities.
mics facts:
2:51, that's not 90 percent...
Seems like the elephants are bulls, and the donkeys are bears or perhaps just donkeys. Not surprised, just a little disappointed in my fellow ass-holes in congress.
Excellent and even handed !
In the past when inflation would rise the feds would raise interest rates. Why don't the feds raise interest rates? Could it be the feds don't want to pay more interest on 29trillion of debt? The feds have dug a hole they can't climb out of. Now the people are stuck paying higher prices.
Can not stop bcoz u still print money to wall street and create more wealth gap. Delay to increase interest to help big tech cos. DONT LIE TO ME AND US PPL.
This was fantastic. Much higher quality discussion than I expected. Thanks to all involved.
XLM CEO!
Brooks is my new bro. He just gets it.
We had a great deflation in 2008, so we understand the effects of money printing
There is still a way up. Next crash will be not before the winter Olympics start. Connect the dots... it makes sense.
What changed in 3 days. Now your saying the economy is great. Lmfao State ran media.... its funny how after meeting with bidens white house and they told you to stop talking negative about the economy. We know the Economy is crashing. How do we know? We see it in everyday life. Unlike you guys we actually live in the real world trying to get by. While the rich can sit back.
Basically no one knows, and its made up.
Its not inflation. Its price gouging.
Hello Mrs Violet legit and her method works like magic I keep on earning every single week with her new strategy
Great plan, don't invest your money and hope the price would go down... I'm going to buy some stocks, bit coin and Real Estate for now.
only way to stop it is to turn the printers off stop printing money its been proven no inflation when they turn printers on it starts back up now its to late 850 trillion been printed that all us bills in the world on top of uk printing money china printing money to much been printed 2 ways stop the printing let inflaion run its course crash or raise rates housing will crash forclosers sky rocket then crash ether way only way for evrrything to lvl back out is a crash and we will defult on the debt
Erm heres the part where someone says xrp to the mooon!
No, over spending
what is the best way to make money from investing
when are men going to stand up and take back..
Should be titled "Can the government spending and Fed printing be stopped?"
A decentralized media just as important as a decentralized financial system #blocknewsmedia
How can the pace of recovery be any slower? Poverty is increasing with inflation.
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The fact that people vote for some of these dinosaurs is mind blowing. All they can think about is taxes, communism, and terrorism, it's disgustingly laughable. DeFi is the future.
senators make 150. all this needs to stop they stole the money from us I think they can pay off the national debt and inflation does not help nobody we can see it today.Ronald Reagan started the sparrow of wages he said trickle down economics but the problem it never got to the workers only to the CEOs they make 350 times more than average worker in Congress
AMC t the monnnnnnnnn
Glad people are starting to agree with Austrian economist
Of course there is inflation now, u just printed more than 3 trillion in 2 years.
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according to anything that's going up is in a bubble
Rep Waters' questions so naive & unrealistic it is clear that she has NO understanding of PAXOS or cryptocurrencies
Well said
Mr. Taylor was a waste of time
Slowly turning the country into a poor country.
Inflation forces people to spend less and use less. It's not necessarily a bad thing. It's like fever or pain, tells you that something is wrong.
Inflation is double digits! Stop lying
NO.
GME AMC
Sure raise the interest rate to 20%
As long as you don't have 15 percent for more than one or 2 years we will be ok . I remember the earlier 1980s wear thar said inflation was 10 percent it was much higher than that businesses were closing all over the place people would not buy anything until they could get a great price like at a store closing it was bad .
When will these bubble(s) pop? any guess folks?
AMC t the monnnnnnnnn
generations are attracted to different fields and positions.
I don't really care about skin color as much as Americans. I'd rather a team of passionate individuals of any group as long as their goals are genuine, good vaules and going to improve lives. MK did say" I look to a day when people will not be judged by the color of their skin, but by the content of their character." Now all some people look at is on the outside when it's the inside that should count.culturesLittle weird to me this diversity priority. I bought Polygon a crypto which was founded by a team in India. 92 % of software developers are male and to focus so much on diversity seems problematic. I dunno why when left to their own choices that different genders
13:03. So much BS. The Fed is going to keep interest rates near zero because if they don't the government wouldn't be able to service its own debts.
Money printing, a population of consumers, minimal production, and a president whos in bed with China. And that is the recipe for collapse. Citizens of the US got played like a fiddle.
spyros panopoulos and what is "anadiaplasis"
Housing is a thing. Its a necessity. Now: Lumber is a thing. Its a necessity.
It's pretty simple when it comes to economics and or war time last person you want running the country is a Democrat anyone with a functional brain knows this
This did not answer the question....smh
March! market crash cuz of evergrande hahahah
is wrong on Tesla. Tesla is barely getting started.
Housing and treasuries are the bigger bubbles
So after they question them they get up and leave - how the hell are they going to understand anything by not hearing everyone.
The only thing that'll stop inflation is hyperinflation.
4 of US gdp and poured it into the economy. It can be stopped, just raise the key rate (yes the market which is already full of bubbles would go down and its a no-no for grandpa) and withdraw money from circulation by issuing some kind of good value gov futuresBro your interest on the loan minus inflation was around neutral but now is far negative, the gov printed like 1
Not a single mention of the sudden increase in US currency that has caused the "bubble". Take this with a grain of salt. You should always be wary of investing in anything.
for the vice president kamla haris only making india benifit ..india bought s-400 misale from russia but USA affraid sanction india..because they hiprotise whole USA gave their vice president,ceo,employee..that brings america suffer one day when american president or everything controll this indian..they lost their super power and lost india,russia,chaina.. so know thats time they should clearify this and should sanction india for s-400 missale bought..and also shouldn''t make any good position indian,chaina,israel people
Mr Emmer what is the price discovery of gold and silver? XD and all other finances 1.0 if you print money and give it to the bancs that has the assets!!
Yes finally someone is mentioning the qualifications creep. Inflation is also in a way in the cost of getting a job. whie automation might generate more jobs #doubt its also killing all the low paying low skilled jobs that you can get with less education, the new jobs will require higher education which require more money, meaning the cost of getting a job is increased tremendously. This will badly affect the social mobility and deepen the class divides.
Hows that Tariffs working out for ya? Trade wars are easy to win huh? :)
Official inflation figures are lies. Real inflation is always more than double official Fed figures. Anyone who goes shopping knows that. Shrinkflation where less products for the same price is common. Dollar store items are now $1.25, a 25% increase. Most items people need for basic living like food, housing, heating and transportation are up and continuing higher.
awesome! I am very pleased that politicians are finally seriously addressing the issue. Germany is years away from that again ...
This is price gauging, not inflation. This is an issue supply and demand. Supply changes are always difficult to master and it is hard to meet the demand.
Quantitative easing is the cause of inflation.....it pumps mony in the system..th more dollars in circulation the lower the value or the higher the inflation.....i think its clear that quantitative easing should be iligal.....solving a debt crisis bye allowing more debt is not a solution......stop the cocaine do what you should have done a long time a go raise interest rates back to 10 to 15%....in doing so you make housing affordable again..... capatalisme needs detoxing from time to time the longer you postpone the harder the redraw will be.......a normel household should not be forced into shares for there savings to gain some return......housing is not for speculation but to live in and shares stocks are only for seasoned investors...
gamestop wasn't a bubble, if it was a bubble, it wouldn't stabilize at still 1000% over what it was originally at after one year
Maybe don't do anymore stimulus payments because all they do is create more USD
The Fed should buy crypto so we can build infrastructure with profits instead of debt and taxes!
No, they cant
The people you have talking about crypto cannot even spell it...come on.
according to anything that's going up is in a bubble
So why is Bitcoin worh so much? Because they aren't making anymote of it unlike crooked banks and govts
Short answer: no Were gonna have to ride it out
The end of the dollar could be near. Too much chaos going on in the world, and there's no telling what we're going to experience in this new year coming up.
We all know why gas prices are up so why do they blame it on inflation?
Buy back xrp
Some segments in the are stamped not adjacent to each other
BITCOIN WILL DROP TO 9000 DOLLAR !
Is there short info about result?
Better stop. Middle class now living like those living on 25k 2yr ago
am i about to watch another 20 mins that concludes with "time will tell"?
Like Facebook. Congressmen don't want to seem retrograde. Only 4 serious questions:( play to earn, what is that? Nft?... Pump coming
Dixon seems not ready for prime time. Missed several opportunities to hit home runs and instead grounds out. I suggest she practice more or they get someone in who excells at communication. With what is at stack now we cannot have amateurs representing us. I give Dixon a partisapation award
2:51, that's not 90 percent...
When the government tells you to stay calm and not panic, it is time to realize disaster is at hand.
Elon Musk is the next Elizabeth Holmes...........
Can bursting a crypto bubble save the inflation?
Mr Sherman proved to be an embarassment to his constituents. He was so happy when his time was up as he couldn't respond to the rebutals made to what he was trying to get at. Its the likes of him which is why the u.s is behind the rest of the world in regards to this new asset class. & Brian Brooks is a beast. Digital asset space is fortunate to have him as an advocate.
The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 3.5 BTC and i have accumulated over 15 BTC in just three weeks, with the trading strategy given to me by expert trader Brice Chapman
There is no recovery coming until Bankers are willing to pay to hold our money , real interest rates without printing more money it happens in a flash crash it happens in a flash. 25 bases points a month until we reach 5% would do wonders ! Just sayin
Real easy. The public just needs to really cut back on frivolous spending. Just for one month. Stay home. Dont drive anywhere not needed. Dont buy anything. Even buy less food. month of that the The big corps will start dropping prices back to normal
The economy as an ocean is frothy (full of bubbles); deal with it.
Dislike
WAR can stop anything.
Current economic model comes from assumption, and it leads the inflation. I think changes needed to global economic model, otherwise it will be a like chicken and egg problem, chasing around the tail forever. Nobody will be happy getting higher wage but in the same time the expenses getting higher too. It's exhausting for the government trying to control it. Does anybody here feels the same way as I do?
Stop inflation is stopping raising price of the products Way before that stop private bankers lake federal reserve control United States currency The trouble started when Woodrow Wilson sold out America and Americans People in to federal reserve crooked banking On December 24 1913 Make no deferent Who getting to be elected Republicans or slow democrat's Everybody's Who can control the currency can control the country
Not one mention of the Fed's balance sheet or total money supply
The answer is YES. The United States once set double digit interest rates and inflation dropped. It also caused recession.
Stop printing money , gold to dollar ratio is poor in us wake up or you will next venesvala
What changed in 3 days. Now your saying the economy is great. Lmfao State ran media.... its funny how after meeting with bidens white house and they told you to stop talking negative about the economy. We know the Economy is crashing. How do we know? We see it in everyday life. Unlike you guys we actually live in the real world trying to get by. While the rich can sit back.
Dogelon Mars
Who sponsored this segment? Jim chanos?
First "the will be no inflation", second "the inflation is transitory", what´s next?
We have a more serious problem. PS5 shortage.........
Thanks Man, you're more honest than most. I'm very glad i started using John Adam's trading methods. I am hoping that we can get a weekly candle close above the garzian channel at around 51k to continue the bull run. Keep the faith everyone
The Federal Reserves mandate is to force our country to borrow the dollar into existence so the U.S taxpayer can remain as a debt slave. The is no reason in the world why our country should be paying interest to obtain a currency the Fed Reserve creates out of thin air. Abolish the Fed!!!!!
listen if the United States does that they are idiots. I have watch one man alone on twitter and reddit show everyone how xlm is not safe that it is manipulate and can be move the way he wants it there is a he made so eveurone on pirate couod see it where he move two different tokens sround trading against xlm and droped xlm over night then build it back up the next day. He has been kicked off by every russian dev stellar has working for them they had him removed from reddit and linkedin. So we tried his method and he is right We also found the illegal exhanges that are doing this he show ot all 100% clearly and the ceo ofd stellar and all the other he emailed ignored him
Collapse
60 cents of every dollar was printed in the last decade. Think about it. Is that deflationary?
6.2% lol. More like 20%
There is only a bubble if you see a bubble I see pure money. To the moon
Does anyone know what are the 3 crypto companies shes talking about in 9:13? She said they got approved by the OCC
Wow this is just full of crap
lets go Brandon
Over 67%+ of Americans unemployed permanently!
Anyone found out what exactly is that on her face?
pump it
Complete hysteria. While it is higher, inflation is not currently a crisis. COVID is now a dud, so the media needs to do whatever it takes to keep people afraid. With how horribly the US reacted to toilet paper shortages, and now price spikes due to supply chain issues, I imagine that a real crisis would make the country collapse.
Go ahead , short Tesla. Feel free
Can bursting a crypto bubble save the inflation?
Inflation is good for the producers and bad for the consumers.
This would be a perfect time for Satoshi Nakamoto to show up.
They hate tesla so much they believe it's a bubble
What is your agenda pushing TSLA into meme stocks? They seem to be undervalued based on both current cash flows, growth and forward earnings. There are so many unprofitable overvalued meme stocks like LCID, RIVN etc. but all you know is TSLA? Lame lazy misleading journalism!
It's too late for Feds to save now. They should be in Jail for inside trading
They should have called Satoshi Nakamoto as a witness. Q. Can you describe your qualifications? A. I am the father of cryptocurrency Q. Have you heard of Bitcoin. A. Bitcoin is my son
These past 15 months have been crazy in the investment world.
Glad people are starting to agree with Austrian economist
socialist has worked out for them. Keep voting for the democrat party and we will all enjoy the equality of poverty.socialist economic policies always fail,and only lead to the collapse of a nations economy. Just ask the people of Venezuela how voting for liberalsWhy are people surprised inflation is rising? History has proven time and time again that liberal
That's NOT INVESTING....Thats gambling kind of going to Vegas!
Aggregate demand is being pumped up bc of extra money printed by the fed.....aggregate supply is constrained bc of pandemic....hence we get higher prices....the fed needs to gradually raise rates....they have been too low for too long ...
Gas prices soar: The President doesnt control gas prices!!! Gas prices drop 2 cents from an all time high: THANKS BIDEN!!!!!
"Pop goes the whistle"
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yr50 should lvl out b4 we make another run. Housing is also related to money printing, if you put 50% more money in the hands of the public obviously house prices will adjust to that... this ones just not in a bubble at all, will likily keep rising 5-10%so if gme went from 2 bucks to over 300 i have no problem with a 50% correction, it is in fact not in a bubble as its shorted 120% again (yes its not worth the current price but the shorts will have to cover)... id rather make a 200% gain and watch it lose 50% than a 30% gain on the year. btc movement is directly related to the dilution of currencies globally, it's been overleveraged by longs and the recent correction was those folks getting liquidated, once its closer to 50
"Lumber's a thing" So were Tulips. That's not a good reason to consider something NOT a bubble.
Fantastic in depth discussion..such a step forward
Michael Barry says he's not shorting "crypto", he never said bitcoin. It's a much larger market then just bitcoin.
People aren't suddenly spending a larger percentage of their wages on new stuff. This is a lie that media and this administration are trying to use.
It's all going to pop, the next market crash is coming, the government keeps fudging the numbers on the reports they put out, the great resignation is growing out of ignorance of the sheeple and China and Russia are like mean kids with pins waiting to pop said balloons be it with cyber attacks, false information reports or all out war. I suggest people read the decline and fall of the Roman empire, it seems to be happening again.
So many opinions in the and in the comments, and it's like, does anyone truly know what's going to happen?
it's a worldwide event... amigos
You CANNOT compare fuel prices now to a year ago. Stop being stupid.
Yes remove the people causing it and it will it's being done on purpose
I just made my first $20,000 in cryptocurrency I'm so glad I'm gonna have a successful retirement.
How much is the appreciation of digital coin contributing to inflation?
Guess you need to prompt up the man you installed into office that's destroying our country
am I right that companies like Roku and Teladoc, which are in ARKK trade at 10x sales or even more despite the sell-off ? Is this the mother of all bubbles ?
Nope.
senators make 150. all this needs to stop they stole the money from us I think they can pay off the national debt and inflation does not help nobody we can see it today.Ronald Reagan started the sparrow of wages he said trickle down economics but the problem it never got to the workers only to the CEOs they make 350 times more than average worker in Congress
Are the people in charge of the Federal Reserve voting their own financial interests or those of the very rich or their own obligation to the country?
The fact that these bubbles kept on inflating during Covid tells you all you need to know, the Fed is the US economy at this point.
I don't think the government wants to stop inflation, they want it to increase to diminish the burden of the debt.
according to anything that's going up is in a bubble
buy I Bonds. Over 7% now.
Far too much panel time was expended on stablecoins, which only represents 5% of cryptocurrency
the CPI isn't tracking energy and food since the early 80s ... inflation is like 15-20% in real terms ... #buybtc
I don't trust. That is why not doing transaction or holding usd
Sure it can, they just dont want to stop inflation.
No
Hahahaha
crypto Market lately has been so encouraging couple with the fact that there is a new president in charge which experts has projected his administration to be a win win for investor in the store market. What are you still waiting for my dear? The time is now! Great The stock
Have you watched at least one on about the homeless on Philadelphia.....it could be a preview of what we are to become, if the leaders do not reverse our course to war with China...
Hatchet job lol
Inflation is part of the plan. Just like the vaccine mandates. You will own nothing and be happy. Rich get richer, Poor get poorer.
Politicians are trying to figure out how to inplement unneeded regulations, taxes, and also to understand the potential for industry lobbying $$$$ support... while centralized exchanges look to leverage government to create protections, hold back competitors, and restrict DeFi. Centralized exchanges look to become even more centralized by using the government's monopoly on violence. Keep government out of decentralized finance!
lmao... yeah... everybody sitting around the office with graduate degrees with no1 to do their work for them
1:48 except those things are not included in inflation calculations, lol.
Lol if Americans think they're broke wait until they get "free" federal health care for all modern day slavery
lol the government is doing this to artificially prop up Wall Street. If they stop, then the billionaires will lose money. Pretty much they're making the rich even more wealthier at the expense of the working class. That is exactly why the 1% has been achieving greater wealth, while the working class is now poorer.
This inflation is transitory, print money obviously have no consequences, pffffff. the central command economy of the Soviet Union (united states) work vary well, let the government produce chips, or infrastructure. system appear to be a viable economic alternative, dont worry, everything wanna be ok
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No they want us to have no choice but buy stocks n inflate there assets cuz we got not choice
Bitcoin fixes this.
One sided and biased coverage
Actually, this inflation has two main reasons: First is growth in oil and gas prices, second is growth in the total money supply.
The argument that if prices inflate, then workers will ask for pay increases and owner will have to increase prices. Well, that's part fiction and an ideal scenario. The fact that wages don't increase with inflation for decades and some companies are forced to keep prices competitive and low compared to larger companies what have better economies of scale, it basically widens the wealth gap by making smaller businesses less competitive and workers buying power decrease over time. Let's not forget that companies only have an incentive to increase wages with inflation for top talent, and no incentive to do so for the rest of their workforce as the others are simply expendable. Economic theory is not reality. Economic Theory works better when there are Unions that fight on employee behalf to ensure everyone gets a fair wage.
A recession is when your neighbor loses his job. A depression is when tounlose your job. A recovery is when dr Fauci loses his job.
Yes remove the people causing it and it will it's being done on purpose
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CRYPTO WILL FIND A WAY.....YOU ARE ALL DINO'SYOU CAN NEVER STOP PROGRESS LIVE
Remove the second "i" and that's what you're left with.
The biggest problem I see ,most of us have relied on the good old government.Just what they want. Slavespeople growing their own food are way ahead of the curve. What do we expect..wa wa wa
l and dividend balance of 4.05% average. Keep up the great work.establishes and confirms everything I have learned. I am now managing my own portfolio and am loving it. I am still a beginner so operate with due diligence and caution. I know markets are good right now but I am pleased to say that I'm running today at 9.67 pI LEARN SO MUCH FROM YOU GUYS. Thank you SO much!, I knew NOTHING about investing myself beginning 2021. I'm older than your pa. LOL I took your academy course in March and haven't looked back. Everything you and your dad are presenting is very Interesting and it confirms what I've learned and am doing. Your s and teaching supports
GME reached $ 483 not 347, why you can't make a or a news not even once without getting something wrong
So you need to buy Bitcoin . Bitcoin is the future
0:51: Noice 6:19: Weird pacing on bubble...
If you want maximum safety, regular dividends, and regular price gains, then buy the five largest Canadian banks. They are Royal Bank of Canada (RY), Toronto Dominion Bank (TD), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), and CIBC Bank (CM). But don't take my word for it. Research the history of these bank stocks. Maybe in three or four years from now, you will be thanking me after your stock portfolio keeps going up. People will always require banking services.
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
No actually all this stimulus money does have a positive correlation to the severe inflation that persists today...there is no denying that
Mr brooks was definitely needed person in clarity and was instrumental for this hearing
Bidenflation.
When you print more money anytime the economy has a dip and give people "relief funds" aka money for no reason. You will have to pay ot back through inflation.
rint about 10% of new money every year to have stable inflation (US and every county on earth done it for 100 years) and not get into a deflation spiral. In the last year, there was printed exactly 10% of the money supply of 2020, so in last year the US printed the exact amount of money they should.
The question at 4:03:50 was answered so poorly! The question was about BTC Energy consumption and Ms. Dixon shills her own Stellar, while not addressing that the claim of "1 BTC transaction uses the equivalent amount of energy of 1 month of an Household in the US" is outrageously wrong, while not even going into that BTC uses 57.7%+ "Bitcoin has the highest sustainable Energy consumption mix" & Bitcoin uses mostly wasted Energy... Big fail. source: GLOBAL BITCOIN MINING DATA REVIEW OCTOBER 2021
My god this comment section is full of morons, pump and dumpers really have convinced millions
Yes remove the people causing it and it will it's being done on purpose
real information rather than your study Every time publishes a study, I just look at the title, pause the and go thru the comments to find out why... no offence but the comments section is full of actual
Yea, stop printing money at unprecedented rates and raise interest rates.
lol the government is doing this to artificially prop up Wall Street. If they stop, then the billionaires will lose money. Pretty much they're making the rich even more wealthier at the expense of the working class. That is exactly why the 1% has been achieving greater wealth, while the working class is now poorer.
Certainly not Bitcoin. Try house prices.
0:18 lol.... 59% Come in India
No govt in the world can control inflation permanently unless they design people friendly policy prioritising public welfare instead of indulging too much on corporate giants as has been doing since decades. Unfortunately, all global leaders (so called) have turned themselves into slave (may be puppet) of business magnets which is due to lack of statesmanship in their character. Needless to say that the benefits (legal and financial) offered to corporate houses as compared to common people in most of the countries shows incapability of policymakers to nullify social and economic disparity. At the end, the emphasis developed nations are giving in arms trade to generate revenue and security from other nations will put them under unmanageable socioeconomic disaster unless they change their mindset towards real wellbeing of common mass who elected them imposing tightest possible restrictions and vigilance on all corporate bodies.
What if the inflation is grow faster than the bubble? Can I call it "Slow-mo popping bubble?"
So.... Inflation has nothing to do with the fact that we printed 40% of all US dollars in the last year? Interesting.
If gas jumped 50% and cars jumped 25% then no way inflation is at 6%...
The Federal Reserves needs to stop printing money for the private and public sector for a whole year. Then have a Interest rate of 1% for the next year. This will force the federal government to raise corporate tax from 21% to 50%. Close corporate tax loop holes and tax breaks. To still insetive investment the federal government needs to abolish the capital gains tax and replace it with a 3% wealth tax on anyone who has 10 million dollars or more in stocks, bonds, precious metals, foreign and domestic currencies. The Federal government will have double the pay roll tax. Abolish income tax for anyone making less than one hundred thousand dollars a year. While having a 50% income tax on anyone who makes a million dollars or more with no tax breaks. The Federal government needs to abolish the federal fuel tax and replace it with a progressive land added tax.
I don't think the government wants to stop inflation, they want it to increase to diminish the burden of the debt.
Bitcoin right now doesnt have fundamental value. Tell that to Tesla, Square, Cathy Wood, Goldman Sachs, CitiBank, Morgan Stanley. Cant believe idiots like this get paid to be stupid.
SPONSORED BY SHORTERS LOL
Biggest bubble is the government printing money like there is value in it. The money is simply going to many of these investments as a way to keep up with inflation. Rich get richer no matter what.
Jeff why are you whispering man speak up
It takes the 24 seconds to bring the first completely wrong statement. Valerie Wilson: Nobody likes Inflation. Somebody who has material assets for example in brick and mortar and also huge financial liabilities like a mortgage can like inflation as it is going help him to pay back the money he owes.
Inflation is an expansion of the money supply, period! Rising prices are the consequence.
Yes it can. Re-Elect Donald J Trump
Transitory
Nope.
It won't be stopped until we get more Volcker and less Powell.