Bitcoin - Too Late To Get Rich?/ FB Coin Responsible For Spike?

Hey you, welcome back to the channel and I hope you all are having a great day. We're seeing that Bitcoin is still holding well above $9,000 and performing quite well. So what we want to talk about today is we want to talk about, is it too late to get rich buying and purchasing Bitcoin. So, um, Bitcoin had dropped in the low $3,000 range, and if you were fortunate enough to buy it at that price, of course you're sitting in a pretty good position today. So a lot of people were buying around that price. I even managed to pick up some, but the thing is that I think we need to pay attention to is trying to understand the factors of what is causing the price of Bitcoin to drive up upwards. And I think I've come to perhaps two reasons why the price of Bitcoin has moved in an upward direction as it's moved. I think some of it had to do with the trade wars and that's happening between the United States and China. But Facebook global coin that's coming out, I think, is also a factor in what's starting to create a much more bullish Bitcoin and get those prices up. So we're going to talk about that a little bit today, and we're going to talk about is it too late now to get into Bitcoin, and, you know, just how high is this thing going to go. So So let's try to understand some of the reasons why the price of Bitcoin perhaps has been on this upward move. Now, I think probably one of the more obvious reasons is going to be dealing with the trade wars between Japan and China. We know that this has created an economy that is not favorable for investment. And so why generally what happens is then people tend to run for the hills outside of traditional investments, right? Everybody's taking a beating. Dow's taking a beating. So Bitcoin becomes a lot more favorable in that scenario. Now, of course, the problem with trade wars is that Uh, we have a, uh, 2020 election coming up, bad economies, trade wars that people don't like. Probably not going to be the best situation for the Trump administration, uh, going into 2020 dealing with that. So, uh, it is the possibility, the great possibility that some type of resolutions will be reached, uh, and it may possibly start to, uh, see improvement in the economy, and that the Trump administration is going to need to probably start to work more so in that direction with the looming disaster that can be, you know, in the wake. Facebook Global Coin, a lot of people in the space not greeting Facebook Global Coin with open arms, and You know, I think it's a misunderstanding of what Facebook Global Coin is doing. Facebook Global Coin is going to have the best system and platform to educate potentially a large amount of people, almost 3 billion people, about the circulation of cryptocurrencies. And so when that, you'll have people with Facebook Global Coin circulating in and out of Bitcoin, more people than before. So that impact and that effect, uh, what that will do to Bitcoin, it will be tremendous. You will go from, uh, potentially something like maybe 50 million users to 2 to 3 billion users, uh, and that, that is just, um, just incredible, uh, and so, uh, This is why the impact of Facebook Global Coin is more than likely going to end up being the best thing that happened to Bitcoin and several other cryptocurrencies. Now, the thing is, uh, with the impact that Facebook Global Coin is going to have on Bitcoin, this could be a, uh, a, a, obviously a much better, uh, growth of Bitcoin price-wise and a variety of things. We could see, uh, amazing, uh, gains with Bitcoin. However, uh, will it be enough to make you rich or be a significant gain? If we really look at the, uh, the, the, uh, the capitalization, uh, that would have to go into Bitcoin, you're looking at about, uh, just for Bitcoin to double in value, if you bought in right now, you're looking at almost a $20,000 Bitcoin. Right? So you're looking at a market cap of— you need to have about another $200 billion coming to Bitcoin some kind of way. And I think that is possible with the system that's going to go through Facebook Global Coin. But I think that in comparing these, this information, and just looking at what it will take, that you would see that just for Bitcoin to double in value, you would need to have almost a couple hundred billion dollars coming in, really not a small amount of money by any measure. Um, and that would, you know, be, uh, uh, you know, just for it to double in price. So if you're a person with your mind on getting rich in Bitcoin, uh, or even having a, uh, you know, a great, uh, value, you know, value-wise, it being something that's going to significantly affect you, then Bitcoin is going to be probably a little bit harder for Bitcoin to do that and bring you that. Uh, now you might say, well, what about the altcoins going into maybe, um, the trickle-down effect of what you might get from, uh, money going into Bitcoin and then going into altcoins, right? Uh, and it might very well be some of that with particular altcoins. That might just happen, uh, or it could just be more of a case of a complete Bitcoin dominance. But what is interesting is that, or, or what I think is going to be the case, is that Bitcoin's going to benefit the most out of this. Uh, and, um, the thing is though, when we say, when we say Bitcoin, there is another interesting aspect to Bitcoin that we have to take a look at. Because remember, in the top 10 cryptocurrencies, there isn't Bitcoin, but there are 3 Bitcoins, right? So how do we get to this? What does that mean? Well, The Bitcoin that we all refer to as Bitcoin or Bitcoin Core, uh, has kind of been under a lot of, um, uh, scrutiny about if it's even really what Bitcoin was supposed to be or if it's even Bitcoin, um, anymore from changes that have been made. So then we get down here to Bitcoin Cash, right, that we've seen already pretty much tripled, uh, over the last few months or so. Um, and then we get down here to Bitcoin Satoshi's Vision. Interesting enough, both coins are up, all three coins are up. So whether you like these, uh, versions of Bitcoin or not, whether you honor them or not, what is clear is that they're worth billions of dollars. Bitcoin Satoshi billion, $3.9 billion. Bitcoin Cash over $7 billion. Um, and, um, they're performing quite well. Even if we go down here, I believe we get still in the top 100 coins or top 50 coins, actually number 25 here, you get the Bitcoin Gold, yet another, uh, Bitcoin, um, that's worth, uh, almost half a billion dollars. And, um, you know, at, uh, so it's, it's benefiting as well. So all these Bitcoins are benefiting. Now why is this all important? Well, this is very important because when we think about gaining real value in Bitcoin, what it's going to take for Bitcoin Core to do that is going to be, uh, it's going to take a great deal. So unless we have a Bitcoin Core that's going to $100,000 to $1 million, many buying into Bitcoin at this point in time may not be or bring the type of returns that some of you are looking for. Um, now if you, uh, were to, um, you know, basically look at it from the standpoint of, uh, altcoins might be able to kind of pick up the slack, well, with the advent of, uh, the Facebook global coin and with, uh, many altcoins now being forced into becoming obsolete, uh, they may not carry a very strong future going forward. Uh, interesting enough, uh, Ripple is at 44 cents, only up 5%, but I was expecting it to be to do a great deal better, uh, especially, uh, based on, um, the, uh, the information of them having a stake of 10% of MoneyGram, which is a money transfer service many of us are familiar with. Owning that much of MoneyGram, I would have thought that perhaps Ripple, we would see a much greater increase in Ripple, but we haven't. And so not sure what the returns will be like for altcoins like Ripple in the future. But what does seem quite clear, what could possibly happen is you could get Bitcoin Cash and Bitcoin Satoshi Vision, uh, get into some of these great returns, um, that maybe some of you are looking for. Like, it is not impossible to see a Bitcoin Cash go from $400 to $2,000 or $4,000, and a similar set of circumstances with Bitcoin Satoshi Vision. Um, so in that way you have these variety of Bitcoins that can do that, and they can perhaps move, they can perhaps move, uh, 10, they can maybe 10x, maybe. I, I, you know, who knows what the, what will be happening, uh, you know, with the developments we have. But that's something to think about. But let's show you another project, another Bitcoin-like project that we think may really be able to capture some of what many of us are seeking, uh, in cryptocurrency, the kind of holy grail of getting to valuations and getting returns that we're really looking for. So we're here on the BitcoinMYK site. So we kind of see the history of what goes on with Bitcoin. The Bitcoin name is well branded, uh, and because of that, the effect of Bitcoin products seem to do quite well in cryptocurrency, uh, as we could see from the CoinMarketCap data. Um, but interesting enough, uh, in this new world that we're going into with Facebook Global Coin and Bitcoin, uh, it seems we're starting to shape up is that there's only going to be room for, uh, certain products, right? I think it's going to only be, uh, it's only going to come down to Facebook Global Coin kind of acting like a money and cryptocurrency and Bitcoin acting as a store of value, right? But then again, we have a loaded question with Bitcoin because, you know, again, whether you agree or not, whether you want to accept it or not, uh, the reason that Bitcoin forks exist and they do so well is because there are many ideas about what Bitcoin should be about. And when people disagree with that, remember, a fork is generally done because either it's done for improvement, we feel something can be improved upon, or we believe it could be done better. Right? Uh, so it's going away from those things. So the point I'm trying to make is that every Bitcoin-like product or every Bitcoin fork that has ever existed or exists, they exist based on a reason that they can improve better on Bitcoin or that they act more in the core values of Bitcoin, uh, if, if you follow me. And that's the reason they exist. Now whether you disagree, it doesn't really matter because people are investing, as we can see, lots of money into these projects. There are groups and communities that are behind certain projects, whether it be Bitcoin Cash or Bitcoin Satoshi Vision. And I think it's less about, for me, I think at this point in time about what's the true Bitcoin and more about what's the better Bitcoin. But in saying that, the version of Bitcoin MYK I'm presenting to many of you all today, uh, is not really about, um, trying to replace Bitcoin Core. Um, this Bitcoin is more of about facilitating the use of Bitcoin across blockchains, similar to what you get with Lightning Network. So I would say it has the Bitcoin name in it more in relational value to represent the movement of Bitcoin and being an option to the Bitcoin Lightning Network that we think works better. Now, the layout of Bitcoin MYK, uh, it uses something called social media verification keys, and we think this is going to work great with projects like Facebook Global Coin, uh, because what's going to happen is our, uh, we're able to then take social media profiles for Facebook Global Coin and put them into a protocol we use called the Eldrick Equation, which basically identifies that it's a unique account. Uh, what's so great about BitcoinMYK is if you own Bitcoin, we're talking about Bitcoin Core here, you do not need to purchase BitcoinMYK. You get the cryptocurrencies free. Now think about this, the BitcoinMYK cryptocurrency is trading for only around 2 to 3 cents right now. For BitcoinMYK to increase in value 50 times, it would only need to hit $1. Now, if you compare that to what you get with Bitcoin Core and what you're going to get with Bitcoin Cash and Bitcoin Satoshi Vision, imagine all of the billions of dollars it would take to get a return like that. Also keeping in mind that Bitcoin MYK is going to solve many problems in the cryptocurrency space and Bitcoin and work very well with Facebook Global Coin as it helps to be this bullish situation for Bitcoin. It's important to understand that one of the most difficult things about getting value to cryptocurrency is for people to get in to, to actually get into cryptocurrency, right? To get a wallet set up and get a variety of things. So Facebook Global Coin will solve that problem. Now once it solves that problem, you need a, a way to integrate these two, these platforms together where there's something like Facebook Global Coin and Bitcoin. Now something like Bitcoin MYK is going to be able to do that streamlined because it's set up very similar to what you're going to get with Facebook Global Coin. So it's going to be very easy for people, uh, using the Facebook platform to transition right over to Bitcoin MYK. It's going to be very easy to use for them, um, and this is all important because of that educational process that is needed, right? But as far as an opportunity to get value from Bitcoin products, want to bear in mind that you get— if you have Bitcoin, you get Bitcoin MYK free. All you have to do is claim them. So that's the great part about it. Um, it allows the market to get into this product very easily. You don't have to sell off your value, get another cryptocurrency. It Represents the represented value of Bitcoin Core you have, and now you can move it from blockchain to blockchain using a social media verification process, which will allow us to stop double spending. Uh, but for the people who are looking for that last opportunity to get rich in Bitcoin, this is a great way to go about this. Buy Bitcoin, then claim your Bitcoin MYK. Cryptocurrency free. Claim it for 2 cents and sit back, let the market go up, let it get to a dollar, 50 times return on your investment. That simple. Can you imagine that? Now again, uh, you're not going to be able to achieve that with Bitcoin or any other altcoin for the most part. And, uh, or, or it's possible you could, but the problem is Altcoins may— this, the Facebook global coin, may actually have a negative effect on altcoins but a much more positive, positive effect on Bitcoin. Um, and, uh, that's because I think the Facebook global coin will serve as a better use case than most of the altcoins, right? So then the altcoins won't really have that value placed in it because now you will have, uh, you know, um, a product that does it much more better, much safer, and much more efficient. But Bitcoin will continue to be that store of value. But Bitcoin MYK also presents not only a much more easier adoption over from the Facebook Global Coin users, which I think is going to give it tremendous value, but it actually represents such a component or works so well with Bitcoin, uh, in this way to move that represented value that you're going to actually have more value in a project like Bitcoin MYK when the two dominant projects, uh, we're seeing is going to be Facebook Global Coin and Bitcoin, leaving many other altcoins, uh, and projects obsolete to a great degree. Because it's going to be very difficult to, um, you know, basically, uh, talk about the functions and the utilities of the projects on a level and to a degree that can compete with something like Facebook Global Coin, unless it's almost on par with Facebook Global Coin, if that makes sense. But that's all I want to say in this video. If you own Bitcoin Remember, you can claim your BitcoinMYK tokens. This might just be one of those last case situations where you're able to really gain on your portfolios. You know, again, you know, Bitcoin is doing quite well right now, but we do need to think about for Bitcoin to just double in value up from now, it would need to go to about $20,000. right? And, um, I believe the altcoins— I believe Bitcoin dominance is going to continue, means it's going to continue to suck money from altcoins, meaning that many of the altcoins that you may have looked at prior in the past that you could get a 5x or a 10x on or something like that, that would grow your portfolios to a great degree, might not be available this time. It might not be the case this time. But a 2-cent Bitcoin MYK going to $1 is very, very much feasible with that Bitcoin branding and name behind it. Uh, could be a very good situation, uh, for you all. Not to mention the Bitcoin MYK project, besides being this bridge cryptocurrency that's going to allow your Bitcoin value to be, uh, moved from blockchain to blockchain, uh, the unclaimed Bitcoin goes into a universal basic income program that I think is going to work very well adopting a lot of users in, uh, especially that 80% of the globe needs a universal basic income, and that it will integrate so well with the Facebook Global Coin as far as moving those, uh, users over to the platform, making it ever so much more possible because of the user friendliness of it to get it from, uh, 2 cents to about a dollar, uh, giving you a possible 50x. Again, you do not have to buy this cryptocurrency. The idea is to grow the value of the network and make this a usable value of money that comes into existence through the Proof of Participation model, meaning based on, uh, you can't buy it from us, you have to earn it, but you can go on third-party exchanges and purchase it. Now you can purchase it on the Freedom Exchange, you can purchase it on the Steam Engine Marketplace, and you can purchase it on the Waves DEX exchange. Uh, so I, I, that's my opinion of where we're at with this. I love to hear you guys' opinions, uh, about this. Do you, do you think that it's possible to purchase Bitcoin now at about $9,000 and see a Bitcoin of about a million dollars? Uh, in which case you can see, uh, 10x, 100x returns again, or are we going to just have to be satisfied with getting maybe a 2x or a 3x return, or Is BitcoinNYK the option because it's only 2 cents and it has such a promising future? You all tell me. But that's all I want to say in this video. If you like content like this, don't forget to like, subscribe, and until next time, take care.