When the Keiser Report first started reporting on bitcoin in early 2011, the price fluctuated between $2 and 14 that year. We were the only international news program covering it (though, to its credit, The Good Wife mentioned it quite early as well! An episode featured basically Satoshi and BTC was at I think $40, lol) Anyway, bitcoin is certainly in the news everywhere you look today as it soars to the moon!
This, in turn, is bringing a whole load of new people to the crypto space hoping to flip some coins as fast as they flipped their condos to free money riches.
As the headline from RT says, $1 'invested' seven years ago is $1.4 million today. Who wouldn't want that!?
Before you get green with envy, however, bear in mind that few were 'investing' in bitcoin at that time and the proof is in the fact that anyone would blow 10,000 bitcoin on a pizza; and, furthermore, a huge percentage of these early 'investors' have clearly lost their private keys as one can tell from the fact that few early coins move compared to newly mined coin. It could be people avoiding having to pay capital gains taxes, of course, but I think a good number are, in fact, 'lost.' I know I lost some keys to some early wallets simply because I didn't take care at the time because it was like losing $100 when you had 50 BTC, no big deal. Whatevs. Now I think of my lost coins and I'm like:
So I try not to think of them often. LOL.
In the meantime, here is an interview RT did with Max Keiser.
Read the whole thing, but this is the most important segment (imo) to those just learning about bitcoin and the cryptocurrency sector who fear they've 'missed the boat:'
RT asked Max Keiser whether the dramatic rise in the value of cryptocurrencies is a speculative bubble.
"No. The US Dollar, stocks, bonds, and property are all in bubbles. Bitcoin (and Gold) are underpriced versus these other assets that are in bubbles. Bitcoins are very cheap vs. government bonds - that are trading at multi-hundred-year highs - for example," he said.
As always, do your own research. 'Invest' what you can afford to lose. Have patience, for fear and greed will wipe you out.
(Signed, Steeming Stacy)
bears be like
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Thanks Stacy!
Love that still of Max in black and white. Looks like it's from some 1930s movie. XD All he needs is a cigarette and a glass of whiskey on the rocks. haha
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I'm the one who needs the glass of whiskey on the rocks! LOL.
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you deserve that mate . Not funny though
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HODL! More millionaires will be made, fundamentally there is still a long way to go to reach the ultimate potential of this new asset class!
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How Bitcoin could go to zero - OVERNIGHT!!!
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What a BUllshit FUD
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Hold, hold, hold and hold
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I love it but we need a healthy quick correction, we don't want to see bitcoin do what silver did in 2011 lol
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1 USD in Bitcoin today, 1M USD in 7 years! We're going to the moon.
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Hodl !!! there will be a great battle for every single satoshi :D
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With Cryptocurrencies, Max was, and still is way ahead of the rest of the so called 'experts', but then he was way ahead with trading software and a lot of other stuff.
You really should listen to this guy, he's in the same arena as we are at badbitcoin.org, exposing Financial Fraud, and he calls it like it is.
He'll always get our upvote, even though he really doesn't need the Steem!
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I just sold mine around $4300.. I'm expecting a pullback. But yea I wish I would've bought years ago
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The funny part is that we still aren't at mass adoption levels for Bitcoin yet and everyone still has a FOMO. The more I research the more I find that a BTC price of $50,000 - $100,000 per coin isn't so far fetched. #InCryptosWeTrust
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Yeah, $GBTC is pricing bitcoin in at 9,000 already.
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How are you guys getting on since you left London?
Last show, I saw Max being filmed in the forest lol.
Are you both in hiding? Or just on your hols?
Love the show and good to see you here on steemit.
Rock on Stacy.
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In 2011 I decided I wanted to buy bitcoin, but I couldnt figure out how to. So instead of buying my 10,000 bitcoins. Sure, one could argue if I would ever be able to hold on to those bitcoins for 6 years. probably not. I'd probably sell them after 1000% profit or less, because I didn't have the knowledge I have today.
But it's definitely a lesson. Never doubt yourself and your gut instincts, especially when the cost is so low.
I don't like looking at the numbers, but $43million USD sure had been nice.
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Lot of peoples miss there post and i'm one of them,
but now time time to take another altcoin bot to grow massive
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I would have bought Bitcoin then except my ex-wife is the one that told me about it and we were getting a divorce. I did not like anything she told me at that point. Therefore I'm poor. I should have married someone else. Actually, I'm not poor. I started trading Bitcoin, at $10 after I heard Max Keiser talk about it. I should have married Max.
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Stacy, I'm not fully up-to-date on everything you guys have been covering over the last few months, but I'm wondering how many other cryptos you have mentioned, and in what kind of detail. It's awesome that you are finally on steemit, and judging from your activity here, it seems like you are enjoying it. Every action on steemit is a blockchain transaction, and it is lightening fast, and super reliable. Long response short, I'm wondering if you have looked into Bitshares, Steemit's older sister. Both were developed by @dantheman, and together, they account for more than half of ALL crypto transactions worldwide. Super fast, super reliable, super decentralized. I would love to see an interview with @dan on the Report, and I would love to see you guys talk about Bitshares (and EOS). AND, I would also recommend that you not power down your steemit account. Hold that $$ and watch it compound.
Thanks again for what you do! You are the best show on TV.
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Yeah, we'd love to interview @dantheman. Obviously. We haven't talked much about altcoins because, as I explained yesterday, they are so volatile due to relatively little liquidity and so don't want any part in driving price up 20, 30% and then seeing it dive and buyers get angry. At this point, I feel bitcoin has plenty of liquidity, as do the other top 10 altcoins and so it's easier to mention them without causing any price spike.
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Re$teemed, uovoted & following!
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I agree with you for every single word, but to be honest, nobody should envy about not investing in time, nobody knew, even I'm sure the real Satoshi Nakamoto wouldn't know what will happen after 10 years. From other side, think about it that way, if the person didn't have his 10 000 BTC over pizza, now we won't have a discussion about Bitcoin, as that's how he create economy, that's how the BTC is whatever is at the moment. People back that realized after his purchase of pizza, that BTC is not just a number on the screen, but real asset, which you can exchange for physical goods and services.
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Astronimical! I like others knew about bitcoin from the early days, but was not convinced and really didnt understand it. At the time i couldnt differentiate the difference between Bitcoin and a centralised banking cashless society!
Now, after your exposure on the Keiser Report my ears have pricked up!
With various governments secretly investing in Crypto currency, this is sure to increase in price!
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As someone new to have cryptos my strategie is simple:
HODL HODL HODL!! If I do it right for 5 or 10 years I will have Money to buy a field and became a farmer, growing some awesome food for you all! ;)
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aww that baby :* i wish i could have saved some bitcoins :( i have to cry the same :D
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Max & Stacy, where did you first hear about Bitcoin? It would be cool to see a post explaining how you learned about it and what your early thought process was in coming to understand Bitcoin's value.
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Every time an exchange charges me 0.001 BTC for a trade or transfer I think "one day that could be like $1000 I just lost".
I also think about taking every penny I have and putting it in BTC or ETH but I feel like my crypto portfolio is already fat enough - in the interests of diversification to load up more would be bad... Then again I think you'd think differently about that.
We know you already have a very substantial BTC fortune Max, you were proclaiming the joys of being a Bitcoin millionaire before it even reached $100 I think. Would you even think about diversifying now? Somehow I can't really imagine you guys ashing out BTC to buy bonds or stocks or gold.
Given the impending bursting of the stock market bubble we all know will happen maybe this year, next year or sometime soon what do you think will happen to BTC then? Will a stock market crash take down BTC too, or will it finally shine as the alt-investment and demonstrate how it is truly decoupled from the value of the dollar by soaring past the moon and onward to the stars?
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Most important part of this post:
Yup, watch out for that fear! You know what they say about fear?
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