馃攳
IF YOU BOUGHT BITCOIN 7 YEARS AGO YOU'D BE THIS RICH.... - YouTube
Channel: Patrick Wieland
[0]
so if you would have bought $100 worth
of Bitcoin 7 years ago how much would
[3]
that be worth today that number will
surprise so everybody had that one
[11]
friend 5 10 years ago that told him to
buy Bitcoin it told him about Bitcoin
[16]
and they're like what is Bitcoin you do
a little research on it it all sounds
[20]
like a big scam it really made no sense
why I would buy a Bitcoin I actually had
[24]
a friend tell me about Bitcoin about six
seven years ago and they're like dude
[28]
this Bitcoin thing is going huge my
friend was a big computer nerd he was
[33]
into the whole gaming and buying stuff
online cryptocurrencies and hacking all
[38]
this stuff but he always always into is
really big in the torrents and sharing
[43]
all that kind of stuff he literally told
me like dude this Bitcoin thing is going
[47]
to be huge and I think and I researched
it I looked into it I saw the price it
[50]
really made no sense at the time
well then couple months later a couple
[53]
years later it started to spike up it
jumped up pretty big I think it's like
[56]
six hundred seven dollars at one point
and at that point I was like well I'm
[60]
definitely not going to buy now because
it's over price why would I want to buy
[62]
the stock so then after that ended up
crashing down there was some hacks there
[66]
was some stuff going on the market the
Bitcoin just was really working out
[70]
nobody was really gonna you know
legitimize it or try to figure out how
[73]
to buy stuff with it you were trying to
buy stuff online Silk Roads I liked that
[76]
buying drugs and all kinds of weird
stuff online but overall the Bitcoin was
[80]
still kind of like a black market thing
well after that big crash it kind of
[84]
started to get a little bit more
momentum people started talking about it
[87]
more they started really pushing it the
whole idea of the fiat currency you know
[91]
the world market with the world
currencies like US dollar not being
[94]
backed by anything and not really being
real at all just the idea that the US
[98]
says this dollar is worth this much
amount there was really no value to the
[102]
US dollar other than the u.s. saying
what it's worth because there's no gold
[105]
there anymore and everybody sold off all
their gold and gold prices went now and
[109]
then go punch someone up and go price
went down the world governments are
[112]
trying to keep the price of gold down so
it keeps their currency higher and
[115]
everyone basically values their currency
off of the US dollar so that's kind of
[120]
the whole fear and the idea like oh well
if the US dollar crashes and the overall
[124]
market crashes and everyone loses
everything they have in the world ends
[127]
and boom doomsday but the idea is that
Bitcoin is the one Savior because it
[132]
a cryptocurrency that is not backed by
actual value of you know government
[137]
stuff like that it's a peer-to-peer
transaction and it's all regulated with
[141]
the idea that every transaction is
recorded and everyone kind of knows
[146]
every time a Bitcoin is Spain I can't
really get into the fine details of it
[150]
because I don't understand the exact
meaning of it all if you'd have bought
[153]
Bitcoin back then seven years ago when
it was worth 0.003 cents and at today's
[158]
price of twenty seven dollars you'd have
72 million dollars so a lot of bad
[163]
investment if you had invested $100
seven eight years ago on Bitcoin you
[167]
would now be a multi-millionaire off of
$100 so the guy who bought a pizza seven
[173]
years ago with bit court he had 20,000
bitcoins
[176]
he bought a pizza with it online he
ended up paying twenty million dollars
[181]
for pizza not bad not bad for the guy
who bought the pizza maybe pick up the
[186]
Bitcoin who knows but overall pretty
insane you know it's one of those things
[190]
like today I look at Bitcoin as $27 and
then I say well that's way too expensive
[195]
well I'm not going to buy at that point
and then a year from now bitcoins five
[199]
thousand dollars and it's just like this
there's really no way to know when the
[203]
top is where the bottom is that you do
your research figure out what the best
[207]
investment is rising bitcoins a good buy
right now my desk I don't think it's a
[210]
good buyer now because there's a good
chance it's going to pull back some but
[213]
I might be wrong maybe just keeps on
going maybe it breaks through that three
[216]
thousand dollar mark broke through two
thousand dollars and nobody really
[218]
thought that it would get to that point
if you haven't done research on Bitcoin
[221]
to check it out I'm not telling you by
any means to go out and buy a Bitcoin or
[224]
start investing in it but kind of learn
about it get some ideas about other
[228]
crypto currencies that have been up big
this year as well you know this holds
[231]
momentum an idea of buying crypto
currencies to protect your money and
[234]
have value in the future if the overall
world fiat currency market kind of fails
[239]
at some point once people stop wanting
to buy US Treasury bonds so I guess
[245]
we'll see what happens here
maybe this time next year I'll be making
[248]
another video talking about how I could
have bought Bitcoin last year at twenty
[251]
five hundred dollars and now I set
$5,000 so who knows thought you guys
[256]
might be interested in that little fun
fact that if you would have bought $100
[259]
with a Bitcoin seven years ago you would
be a multi-millionaire now
[262]
if you fall it today
Most Recent Videos:
You can go back to the homepage right here: Homepage