п»ї RAOUL PAL: Bitcoin is a mania

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I think he means to say that ignorance is the reason the price of BTC is not yet closer the raoul million valuation right now. Scarcity will sky-rocket pushing up the value of leaves through the bitcoin months. Just because i buy google doesn't mean I ever thought about or intended to buy exchange. Each new Bitcoin doesn't automatically take market raoul away from Bitcoin simply by existing. Unlike traditional currencies pal as dollars, pal are exchange and managed without any central authority whatsoever:

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Recommended For You Powered by Sailthru. Raoul pal bitcoin exchange Bitcoin cash brings sound money to the world merchants and users are empowered with low fees and reliable confirmations. Bitcoin subscribe unsubscribe , readers 20, users here now Bitcoin is the currency of the Internet: So, purely in terms of numerical scarcity, an oak leaf is about 6 times more abundant than 1 GBP. You don't think it is? Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy , and Cookie Policy.

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If there is infinite exchange, there is no trade bitcoin. His target may actually be low, as it doesn't account for BTC capturing market share from other currencies, stocks, bonds, pal. Raoul Exchange, well raoul global macro investor and founder pal RealVisionTV, last week sold off his bitcoin bitcoin. He is comparing something with multiple uses to something with one. I have a hard time thinking anyone can actually raoul this.

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RAOUL PAL: Bitcoin is a 'mania' - Business Insider

Raoul pal bitcoin exchange

The video is well worth watching, despite how outlandish 1M it seems, he gives very solid arguments. And also as he says:. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins. Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars.

One concern people have about bitcoin is the volatility in price swings. Pal said the volatility is fine. He thinks that the upside is "astronomical" compared to the downside. Right now, bitcoin is still in its infancy and it's not going to go away because of the amount of people behind it. Even though he has a high valuation, Pal doesn't recommend that people put their entire life savings in bitcoin.

He suggested treating it like an option contract. Buying bitcoin is something Pal strongly believes in, especially because he thinks we are at risk of losing faith in money. He worries about the consequences of central banks are printing too much of it. There's an unfavorable perception that they're "rigging" the system by keeping rates low and buying the bond market.

Pal also thinks that people should be careful about how they own their gold. Because of the proliferation of derivatives and ETFs, gold is just the collateral to a highly-leveraged "monster. Form a circle - make sure you get about shoulder width apart from eachother. Masturbate furiously all in sync this is important. Yes, the video is actually much more interesting than the article. They talk a lot about bitcoin and the banking system. He wasn't even including the utility difference that bitcoin offers I imagine because he's a finance guy , which IMHO would see it worth more than its scarcity would deliver.

According to this article a large oak tree has about 2 million leaves. See tables 19 and How many notes are in circulation reflecting the M1 money supply of the UK? According to Trading Economics in Oct M1 was 1. So, purely in terms of numerical scarcity, an oak leaf is about 6 times more abundant than 1 GBP. However, my leaf estimate was assuming all oaks are big and available so we could drop that number quite easily.

Yes that's all very well and good, but what effect will this autumns quantitative leavsing push have on the monetree supply? Well, it's all good for hodlers of leaves due to the massive annual deflationary spiral. Scarcity will sky-rocket pushing up the value of leaves through the winter months. We anticipate a significant increase in supply in the Spring so are advising our clients to implement a staged selling strategy sometime after Christmas.

Just because a resource is scarce, does not make it valuable. That's half the price of gold. You must be captain Obvious. Your remark has absolutely nothing to do with Bitcoin. The scarcity of bitcoin is only one of many properties that gives it value. In fairness, that's pretty much as deep as the article makes Pal's analysis look.

I think a million is conservative, but the argument is a lot deeper than the article suggests. That and if you go around trying to pay for stuff with leaves they will probably lock you up in an asylum. Good lord, you are such a wanker. Even that is kinda nuts on any near-term timescale. Last I checked Iran was trading gold for oil which trumps any supermarket purchase that I'm aware of.

Barring an unforeseen catastrophe, Bitcoin is going to become a major asset class on par with, and likely exceeding, gold. It is a superior and novel form of monetary technology. The scenario where these projections come to be is already well underway and gaining momentum every day. His target may actually be low, as it doesn't account for BTC capturing market share from other currencies, stocks, bonds, etc. I am convinced that bitcoin is the most valuable substance on earth.

Part of the reason for that is that most people haven't even heard of it. I asked my dentist--in Austin no less--if she would accept bitcoin. Didn't know what it was. The incredible mismatch between all of the activity in the bitcoin sphere and people's ignorance of it is one of the reasons why I think bitcoin IS the most valuable substance on earth.

I think he means to say that ignorance is the reason the price of BTC is not yet closer the 1 million valuation right now. It means there's room for growth. If everybody knows it and nobody uses it, that's worse news than nobody even knowing it. That doesn't include gold being used for industrial purposes. I'm gonna offer you deal, simply because I like you. This is a one time offer. Get 'em now while supplies last!

I'll sell one for Great video, great speaker! I love his explanation of the current financial system being high risk and our only solution to the financial crisis, hiding the fact the risk is there, only made it bigger. He outlines how even gold is trapped in this derivative system and we should get out of the current financial system to spread risk.

Raoul thinks Bitcoin might even be a government invention to fix the system, Bitcoin as a "Plan B". Thats nice and so on but Interstellar drive here we go! The government has fucked the economy so badly that these student loans certainly don't appear as if they're going to go away the normal way.

My friend, why stop there? I could be wrong by Kind of forgetting gold is used as a store of value, Conductor of heat and electricity, jewellery etc etc.

You can't apply the "its a scarce resource so should price adjust like all other scarce resources" to everything and anything. He is comparing something with multiple uses to something with one.

Now, bitcoin might be a better currency than gold, but that's one use compared to gold's wide use in probably every electronic device you own, it's minimal. If bitcoin is truly valuable, then alt-coins, by the nature of a free market, necessarily come in to compete for its marketshare, diminishing its value.

In other words, the value of bitcoin is dependent on scarcity, except there is no scarcity if the technology can be replicated, meaning there is no finite of bitcoins, meaning there is not much value at all.

How many people do you know in real life have heard about bitcoin? You don't think it is? How much money has gone into alt-coins? Do you think any of that money would have gone into bitcoin instead, had alt-coins not existed? If so, then the value has been diminished.

That's not how it works. If buy google stock instead of Amazon I'm not diminishing the value of amazon. Um, no, that's exactly how supply and demand works. If there is infinite supply, there is no trade value. Bitcoin's value is dependent on scarcity and the network behind it.

If an alt-coin can develop a strong enough network it will have value that is more realistic, as it won't be hyper-inflated by the same speculation currently pumped into bitcoin.

No its not a closed system. ITs not like I have to invest in google or amazon. I can invest in google, amazon, both or neither. Just because i buy google doesn't mean I ever thought about or intended to buy amazon. You don't have infinite money. At some point you'll have to choose google or amazon when you spend your last bit. At which point you've diminished the value of one in favor of the other. Raoul Pal, well known global macro investor and founder of RealVisionTV, last week sold off his bitcoin holdings.

He warned the fundamentals of cryptocurrencies have. Real Vision 3, views. Twitter may be over capacity or experiencing a momentary hiccup. This Month On Bitcoin Isle. Claim your SIC bundle here: Before deciding to invest in foreign exchange you should carefully consider your. Bitcoin is another online payment service, a peer-to-peer, decentralized cryptocurrency that has a fixed supply.

Instantly Exchange Bitcoin to PayPal. Bitcoin to Paypal Instant Exchange. In a recent interview, Pal said: Bitcoin is a kind of digital currency that is gaining popularity with every passing day.


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Raoul pal bitcoin exchange. Online e-currency and bitcoin exchanger unichange: buy and sell bitcoin, perfect money, fasapay instant transactions, low fees. No. Raoul pal bitcoin exchange. Bitcoin surges, emerging from a lull in the largest bitcoin exchange in the a critical mass of reports on bitcoin was drawing a new. Het afgelopen jaar werden we ineens wakker geschud door de koersbeweging bij de Bitcoin. Deze digitale valutamunt stond ineens volop in het nieuws omdat he · RAOUL PAL: Bitcoin Is Worth $1,, Bitcoin Forum: June 12, , New Real-time Cryptocurrency Exchange. Last updated on.

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