The 1 Bitcoin Show- The art of holding, Bcash thoughts, Ripple? Low time preference

Hello everyone this is adam meister the
bitcoinmeister the disrupt meister welcome to the one bitcoin show today is
November the 20th 2018 strong hand value your wealth in Bitcoin offended by
selling yes I am be a unique beast I said that in another video of mine once
alright let’s jump right into this show my last show from Santiago before I fly
back to Baltimore later today so we got to do it early wake up East Coast all
right so uh Andreas Antonopoulos had a tweet that yeah he meant to be
inspirational and it’s linked below everything I talk about in this video is
linked to below you get t-shirts trade Wars all sorts of stuff affiliate links
below alright but what he said was whatever your reason for being in crypto
now is the time for compassion patience respect lots of people have lost lots of
money recently and it is not helpful to make empty promises share bleepy means
I’m not gonna say that word or criticize others you’re criticize others choices
hashtag be kind or shut up well I don’t believe with that hat I don’t believe in
just tell people to shut up and my point in sharing that is it yeah you should be
nice to people oh these I mean why I mean if there’s a nice person be nice
bin you know treat a person has as they treat you you know try to respect people
and and be nice but he says that lots of people have lost lots of money recently
huh what what do you mean what do you mean I know
what do you mean by that because now I tell you something andreas I mean I said
I have more Bitcoin today than I had last week actually so how did I do
idle I lost money if you still have the same amount of Bitcoin that you had last
week that you didn’t lose money now if you’re talking to people who are trading
Bitcoin fur and got Matt rekt that way with losing Bitcoin but then yeah people
lost money but I have a feeling you’re kind of talking to people you know that
value their wealth and Fiat and when andreas you got a value about the
Bitcoin you that you get paid in Bitcoin andreas so I you know I just want to
clear it up made maybe you didn’t mean people who lost Bitcoin but I get this
feeling because there’s a lot of people out there oh I’ve lost so much money
this week I lost someone if you saw the same about Bitcoin
what’s the problem here I don’t understand you see I practice what I
preach I saw I loved Bitcoin I know this is the future and I have more Bitcoin
than I did last week actually I I for a number for a reason a very funny reason
actually I ended up and I won’t go into the whole story with some free bsv be
cash to Toshi’s vision is called it’s appropriate that it’s little tag is be
it starts with BS you know BS because it is BS toe but this total BS coin that I
got for free oh I turned that in the first chance I had I turned that into
Bitcoin baby so I be this week’s been pretty darn good to me I have more
Bitcoin that I did previously and I get if you get caught up in the Fiat madness
then it won’t it will drive you mad probably I mean okay you got it you got
to practice what you preach and I do value your wealth from Bitcoin one
Bitcoin equals one Bitcoin I’m getting uh hey man I’m always trying to get more
of it baby so uh yeah even andreas is not perfect I
guess that tweet is showing unless he is it but I mean yeah I’m pretty sure he’s
feeling bad for the people who bought you know I did
15,000 and they’ve now it’s whatever it is and they feel like the day I lose the
darn thing if they saw the same amount of Bitcoin for God’s sakes palnet
freaking like button baby alright so yeah I’m going up to Baltimore but
unfortunately the New Orleans conference that was supposed to be on the 3rd and
the 4th got moved it it’s probably moved a President’s Day weekend or something
like that I am you know the if you’re going to that they’ll update you I guess
I’m not going to be around for the the date they moved it to if it’s in
February I’m not gonna be around I mean if they move it again then I know but
anyway there again if you if you’re planning on going you probably got an
email that it got moved so I know I will not be speaking in New Orleans because
there would be no event now on the 3rd in the 4th of December I will be in LA
still in Los Angeles on December 5th to December 12th and then I will be in Tel
Aviv Israel starting 13th the 13th of December and I’ll be there in 2 2019 and
of course I’m pumped about playing I’m pumped about every year 2019 20ml funny
yeah it’s good to be a live baby all right so when Teresa Mara was on my show
the other day and you gotta check out the archives below disrupt meister calm
follow me a tech ball tch blt on Twitter it’s all linked to below he mentioned a
little gold compared a bitcoin type of statement and X Zen tags actually
tweeted this out before trace mentioned it on my show and you can check it out
below in 1.5 years and 1/2 years bitcoins inflation rate will be lower
than goals for all you gold and holders out there it’s just another way to you
know transition if you were if you had a strong hand with gold all this time now
it’s time to upgrade to gold to point out all right just so after yesterday’s
show you gotta check out with rocky Palumbo we were talking about storage
devices and talking about how Trey’s mentioned very complex a very good
and very safe method of storing your Bitcoin but one that if you can make a
lot of mistakes on it it’s really just for experts like trace for now so we’re
talking about storage devices and then rat right I think during the show
coincidentally enough traceur sent out a post warning people that there are fake
treasures out there right now they’re not sending them out so if you order
your traceur from the tresor company you’re in good you’re in good shape but
they have a blog post about the fake ones that are coming out of China and
they show you the differences you do not want to get a fake one not at all oh you
do yeah this week a big point is it’s gonna be good this week I love Americans
are already starting to take off so a lot of you international people who are
watching this ring that was all the Americans are asleep unless you’re in on
the East Coast I guess you’re gonna see Americans kind of drop off the scene
this week because they’re already taking off for Thanksgiving
oh no Adam Meister will be here every day of the week even though I’m getting
on a flight for like 12 hours very soon but the point of me even why
the heck am I talking about Thanksgiving well I just lost my place in this darn
why was I gonna bring up things oh yeah this weekend Bitcoin yeah I’m still
doing this week a Bitcoin it’ll be a I think on a noon I believe it’ll be at
noon or not on Friday I’ll update everyone on that it’ll be in a
reasonable time a freak for the East Coast people is it 11 or I know I don’t
have written down in front of me but good guests good guests are gonna be on
it bTW cbenni is going to be on so I think
exits at noon but yes we’re gonna be an international crew of guests Americans
don’t want to like the day after Thanksgiving they don’t want to work it
well I am NOT gonna make generalizations but it’s harder to get people day after
Americans the day after Thanksgiving and the next Friday will also be very all
all-star I know every every week our best guest in the space on this show
best freakin guest in the space I mean trace me I ripped it up baby but we did
these next two weeks are gonna be a lot of fun a lot of fun on this weekend big
okay where oh so all these people for a while there’d be all these sideline or
tight no pointer people say well bitcoins too expensive dude it’s too
expensive I’m waiting till it’s to five thousand four thousand okay okay
no coin er excuse person are you buying now are you buying I see a lot of people
selling are you buying but this is your chance or are you just gonna like heaven
you know it’ll be the year 2021 and you’ll have an excuse why you didn’t buy
it now yeah are you just an excuse maker I mean this is this is you know put your
money where your mouth is you know for all the people who were talking about
when Bitcoin was ninety thousand dollars saying oh it’s gotta be fourth of this
purse fifth of this price that’s when I’ll that’s what I’ll get in okay here
you go or in 2021 you’re just gonna be making
up there’ll be some other story like I didn’t like the shirt Adam was wearing
so I didn’t buy for a year I mean okay Chris black who will yeah Chris is gonna
be on this Chris black will be on my show soon I forgot it’s this he’ll be on
one of them this week in Bitcoin shows I think it’s actually yeah in two weeks
Chris will be on the show but he’s kind of he has a tweet out there showing a
newsweek cover that’s talking about consensus there’s an article in Newsweek
and it’s on the cover hey so crypto is slowly seeping into the
mainstream there good good yeah that’s great it’s good covers I don’t even know
Newsweek even I don’t I don’t swear they sell Newsweek no magazines old school
magazines like gold they’ll still be around but yeah you know people read
their articles in the internet now just like cow they’ll be digital gold it
points all right Simon Dickson who was on the show recently check out the
archives he’s always a blast to have on the show and he has a tweet about he has
a series of tweets because I had this feeling that people asking about
specific Kryptos all the time so he just decided to have a series of those people
asked me about like what do you think about like point he has so he’s a series
of tweets just saying what do you think what he thinks about these coins
and he said and remember I see there’s a lot of people in the chat I only see the
super chat so I mean I see a bunch of people are in there but if you want if
you a question do the super chat on yesterday but yeah this is what he says
about XR about Ripple so here we’re gonna talk about a little
bit of ripple here I find this hilarious some of the ripple stuff going on but
Simon really sums it up nicely XRP in between a token that allows
ripple the company to pretend it’s in the crypto sector in full banks into
thinking they are cool by using a blockchain the company may disrupt Swift
but XRP has very little to do with that speculators think XRP is the company so
they buy I mean who would even want to buy why would you want a centralized
company crypto it is so like 1997 intranet go back to 1997 and play on the
internet with your ex RP and pound that freaking like button alright so again
but you’re not gonna do that there are these people that are buying a ripple
people are buying the kids are buying I don’t know I hope they’re kids if you’re
an adult you’re buying ripple and stellar and all and maybe these non mine
Apple coins they’re like well they can’t be attacked by fake Satoshi sharks so
maybe that’s the new thing centralized pre mind coins yeah it’s just a blip on
the radar okay a blip on I’ve seen you know these all coins all have ridiculous
pumps for ridiculous reasons and have ridiculous hype around them again for
just centralized pre mind reasons so yeah the ripple army is I think a
little louder these days for they need to go down as much as big point great
you Val your wealth and empennage apparently very nice you value your
wealth and your pennies out value my wealth of my Bitcoin and we’ll see him
in the long term and thinking of the opposite of long term that well that’s
ripple here not surprisingly under a crypto man
and thread where he’s looking now he likes ripple crypto man rad is like so
freaking impulsive show impulse or everything’s just he talks about what’s
ever-popular he’s a guy on TV I mean I’ve been on the show he’s been on this
my show he was nice on my show nice to me on his show but I mean so he’s like
the kiss of death for some of these things of me and you know whatever he’s
doing he’s doing well with the show though so I think I think that’s what he
cares about but this tweet was under a tweet of his and this is a real tweet
from a real person called railroad at railroading mi so maybe he lives in
Michigan to just sold a portion of etherium and Bitcoin for ripple not
missing this train would give up your precious Bitcoin for ripple and then I
think this is the train you know you’re getting now you’re about to get trained
if you know what that is I’m sure we try to keep it up I’m family-friendly here
sorry for that reference but kids wonders now anyway be this this tweet is
the complete opposite of long-term thinking it’s the very definition of
impulsive but this should also give like every sixty Roth coin or hope that their
coin will pump again also because because such ignorance is out there that
people are willing to buy anything I mean there is amazing 80 percent
ignorance in the space but hey and then we’ll always be there it will always
lead to all coin pumps it’s cyclical you know some of them are dead forever
yeah they’ll be alive but they’ll never reach there I’m not gonna predict which
ones are gonna be rebuffed again that’s not my job my job is the whole frickin
Bitcoin and have a fucking strong hand to be the apex predator of crypto
currencies that’s bitcoins job aria toward him Eastern has another tweet out
there and it is and I have actually retweeted this in the past this is an
old tweet of his he retweeted his old tweet I’ve mentioned it on the show in
the past but today’s a good day the day before the day before
Thanksgiving is a good day to mention this the hold attitude requires
psychological and emotional work the unprepared investor cannot sit tight
only the one who has worked to imagine the market relentlessly punching him in
the face all right so that’s how you prepare
yourself to be a strong hand holder by imagining the market pub relentlessly
pumping you punching you in the face and you doing nothing most people have to do
something they can’t sit tight they’ll give up their Bitcoin the 20 percenters
the strong handers that people who aren’t impulsive the long-term thinkers
who they defer gratification I mean you can in fiat terms you can keep punching
us in the face and we just smile and I say stay beautiful and hey we got the
strong hands and in the long run we hold so yeah check out that tweet if you need
to be Inspira inspired because I get there have been people telling me this
week you’re happy people tell me they have sold or they thought about salt
selling their hands have become weak again you still have the same amount of
big coin tour so yeah we talk about tour de Meester I know that we had our tour
de Meester here well first of all the the the lovely Nouriel Roubini
he’s got another classic out there an article this is an actual article of his
just came out why Central Bank digital currencies will destroy crypto
currencies yes why the internet would destroy the internet yet no but he no
but but but tor teeth trick he changes it into why search engines created by
governments will out-compete the free market solutions again that’s basically
what Norton Oriel is saying why central bank digital currencies will destroy
cryptocurrencies it’s just like someone saying why search engines created by the
government’s will out-compete free market solutions now we laughed at
the way turf toward me stir-fries phrased it but uh Nouriel gets published
you know he is it anyway we’ll look back in Hill Matt in like three years and
laughing our butts off if not in like three months well those of us that are
you know twenty four senators were already laughing you laughing at it
within three seconds so Matt Odell has a tweet out there in ten years the
difference between 0.005 one dollars per Satoshi and point zero two
eight dollars per Satoshi will be so negligible it won’t even be worth
mentioning so that’s you know that’s the amount in that the Satoshi has gone down
in Fiat recently and he’s absolutely he’s right in many years ten years from
now the point is we will be looking back on this and insane good point went down
that or a Satoshi went down that much in terms of dollars if people were worried
because he in the future a Satoshi met and might be Lee it might be like a
penny or something like that in terms of dollars asset oh she’s gonna
be worth a lot more if you value your rusted fiat you know after 2028 having
you know the Satoshi it’ll be a people be valuing stuff in Satoshi’s I’m
talking about that dining stuff a Bitcoin so it’s a that’s a bright future
type of tweet format Odell I see are are after mints sent me two dollars in the
superjet thanks dude I came up with the way I came up with the way price is
valuable I came up with well tell me are rafterman what what is I I came up with
the way price is valuable he says all right well thank you for Barbara have to
be thank you for the two dollars thank you for your statement
I also JC from South Africa is in the freakin chat what’s up JC I’ve met that
dude in person when I was in Johannesburg
you do in South Africa this is a really good
time for the show isn’t it you’re probably not gonna get this too often
until I’m in Israel you’ll love it when I’m in Israel was that’s the same time
basically the same time zone all right so cracking the crack in
exchange they they’ve warned people about a beat cash SV that it’s I mean I
link to their their blog post below you can check it out and I and this actually
sums it up the whole SV nightmare this guy Jose Angel tweeted this the
following thing out as a regular buyer how in the world would I feel any
motivation to buy anything coming from a person with so many titles and behaving
like this does anyone want to lose money so he’s referring to fate Satoshi with
all his titles yet he’s behaving like a and cursing like a foul-mouthed 13 year
old I mean who who would want to buy a
product where the head of that product it behaves that way I mean II I think
consumers make make pretty logical decisions in terms of their products
they’re not gonna buy a lemon of a product something it’s clearly being
pumped by a person that’s dirty almost that’s offensive you’re just not gonna
buy a price so I I think SV people and some of them are realizing that like we
heard our face can’t be this dirty face no one’s gonna want our product if it’s
got such a you know even if we win a war even if they’ve won even if they became
B cash and they’re not who would want to be a part of that in the end of the day
so there was a the whole way of going about saying we’re the real big cash
were the real Bitcoin was so unbelievably counterproductive let
totally forgot that in order for your coin to have value and for people to use
it they’re gonna have to like it they’re gonna have to want it and if they if you
have marketed it in such a way that’s not even marketing I mean it’s an Tamar
people are gonna be discussed I wouldn’t want to touch it the consumer means
something in this space people have to use your coin have to buy your point so
as I said on a previous video the only person buy-in that coin is Calvin is is
billionaire Calvin because again I don’t know I don’t think fake Satoshi Minh has
any money I think he’s just you know leeches off of people like Calvin he’s
good at that I mean there’s sociopaths are good at least leeching off of people
but anyway you know customer so what I think is gonna happen in the long run
would be cash you know the whole eight week well ABC is be cash there’s no
doubt about it and so yeah if you for some reason got free s fee like I did
you should have dumped that thing right away I mean I thought as soon as I saw I
had three SV and it could be sold I was ripped I mean I can’t believe there are
that Calvin cuz I was not to say I can’t believe they’re people but I can’t
believe Calvin is willing to give people Bitcoin for sv I mean what a wonderful
world we live in where there’s a billionaire that’s just willing to give
you real Bitcoin for this sv which is I mean could literally fall apart in one
sec I mean there’s an exchange is warning people not even to be very
careful um you you check out the you check out the link e I didn’t quote the
link but it’s a the blog post is not it’s not a friendly a blog post from
from cracking obviously so uh let’s see the world is where trade or reality why
why not okay okay so what I think will happen with P cash obviously one didn’t
please its customers with its story of hate the other ABC stuck with what it
has been doing and really didn’t change course and if they actually get their
IPO they could totally turn them around I
mean they I mean right what’s a what’s a let’s say a B cash worth now like five
percent of a Bitcoin which is obviously terrible they could really they you got
a hand it to rocket man he stuck to his guns he’s trying to go
aye he’s going I P Oh or bust basically if he gets I Pia if he
actually pulls out an IPO I mean it’s basically it’s called a bit mein IPO but
really it’s an IPO for B cash and it will be a I mean the market that the the
investment market will be saying yeah we support bit name which means we’ve been
support B cash so I think some people will take that as bullish but again that
might not happen so if that doesn’t happen be cash is in big trouble if they
if they don’t get that IPO but I think they probably will but SV oh no it’s
just gonna be some but it’s gonna become some obscure if it’s gonna exist at all
that might be the first off point actually died and stopped completely but
it’ll just be some obscure all coin in the future I mean it’s it’s well you can
see how what that approach has brought to a coin and I don’t think any coin
will ever try that attempt again you know to try to have a centralized
figurehead preach about destruction for like 72 hours straight that’s that’s and
think that’s a good idea that old like be good for the off point not a good
idea it’s been proven now all right all hand holders of last resort are really
being defined these days I mean if you’re a strong hand holder of last
resort I mean your your face your picture is going to be in the dictionary
when you look up holder of last resort very so my face is gonna be there trace
all these other dudes you do if you’re if you your a strong hand it’s the very
definition of strong hand or holder of last resort it is being defined right
now and you’re under these conditions although we’ve been through similar
conditions before 2015 and for those of us who’ve been around and again that’s
why we can be such strong hands so some of you it might be a little
harder but it shouldn’t be harder it should be its value wasn’t decline all
right our after ‘men said it is a valuable currency in making the BTC
unable for people to buy or to get out when they don’t deserve it okay yeah yeah well you don’t deserve it I
mean that’s an interesting way of phrasing it I think everyone everyone
has an option to get Bitcoin but if you’re in the mentality where you’re
always making excuses then you have put yourself in a position it’s your fault
that you don’t deserve it you you’ve got the mentality that you don’t
deserve it deep down because again everybody has the option to buy a big
coin so I don’t say no one the people don’t deserve the coin they just back
themselves so much in the negativity that they never get Bitcoin and that’s
that’s a fork that’s personal responsibility it’s a new counterculture
so that would be negative don’t we now we don’t be excuse me to be in motion
and I think you’ll be happy in the long term no we’ll talk about long term
thinking in a second a right that’s for Saturday’s show what’s it all right here
we go last tweet of the day before I uh and and then rest part of the show of
the day Bitcoin is the apex predator as I said before as tres mayor said check
out that that show is going Y 11:00 but there’s some it’s majors there too but
hey I don’t censor anyone by the way don’t sense it you can you can hate I
like it man whatever I’m in motion you can’t take the Meister
down so fine final tweet before I clean this place what this place is clean but
get ready to go back to Baltimore to see me in Baltimore tomorrow Jimmy song says
low time preference people resist temptation and have self-control high
time preference people do what they want in the moment and are impulsive fiat
money makes a lot more high time preference people bitcoin is the path to
virtue and prosperity that is linked to below Rito
a few times it’s it’s what I talk about on the show basically every single day
all right click on the squares that you see there if you’re watching this taped
bang that Bell button to get a reminder when this thing goes live
everybody have a safe traveling time if you’re traveling during Thanksgiving
it’s you know I’m sure Atlanta’s Airport tomorrow will be very crowded I have to
go through it to get back to Baltimore pound that like well now that’ll make
sure the big home wasters disrupt meister remember subscribe to this
channel like this video share this with you check out the links below I’ll say
hi to you guys in the chat

38 thoughts on “The 1 Bitcoin Show- The art of holding, Bcash thoughts, Ripple? Low time preference”

  1. Great Strong hand show as usual. Hilarious comments re Ripple!

    For info just noticed quote from in ‘blockmanity’ article re class action lawsuit against Ripple

    Dr Craig S Wright
    XRP is going to be "found" to be both a security and in violation of Section 5 of the Securities Act of 1933. The Act mandates the registration of securities with the SEC. These must be offered exclusively on a registered exchange.

  2. maybey it needs to go down to a normal coin price to grow again ? how did it grow so fast in the first place? when alot less knew about it ?

  3. Trace Mayer said we wouldn't do 20%…we just did it lmao. I've been here for every depression in bitcoin and this is the worst!

  4. Damn I missed this one @techbalt but unless I sell my #Bitcoin I have NOT lost money you are right!!! STRONG HAND AND LONG TERM HOLDING THAT’S ME 👍

  5. Adam the stiff miester lol .. XRP othe name cRIPPLE. How it was born. Blame Btc why btc got drunk slept with wall street hooker then boom XRP/cRIPPLE is born. According to one you tuber lol. According to me btc was falsely accused of being a dad and charge with child support when the real dad is ethereum connect hey hey hey lmao

  6. Outstanding points! … especially about the number of Bitcoin that you hold if you haven't sold. If people are in it to make a quick buck, perhaps now they will stay away! Hold it until it's golden!

  7. Great show. I have more bitcoin than I did yesterday. More bitcoin that is out of circulation. In three years, these prices will be laughable. We’ve been here before. 2015 was brutal. How about those prices? Pretty laughable

  8. People think I’m a loon that I don’t sell out or trade.. I still have too much cash to spend.. I’m enjoying writing music and reading books instead of a job this year. What a beautiful life ! Still sober!

  9. You made some great points today… I love the phrase "I value my wealth in Bitcoin" as that really sums it up! I also like the logic that unless you were crazy and sold your BTC, you haven't lost any money if you still have your BTC and you value your wealth in BTC. I gain new BTC everyday and so my wealth builds everyday… of course I do a lot of trading using about 20% of my BTC as my trading currency, but HODL the other 80% of my BTC. With this 2000 $ drop in fiat to BTC, I more than doubled my BTC trading capital, most of which I'll take now out and HODL on my Trezor.

  10. Great show Adam! The college kids are scared right now, none of my friends are buying!!! I try to tell them this is a great opportunity and many don't want to listen. I gain more hard money when Bitcoin drops, I love cheap BTC!!!

  11. Adam at 3:15 you mention that you ended up with a bunch of BSV. If you instantly convert any of your crypto dividends into BTC then you wouldn’t be getting any BSV at all unless you were holding onto BCH?… did I miss something?

  12. Still here with you Brother! Remember: 'Follow the Talent' (PROOF: Search 'google, facebook, amazon, execs recently moved to crypto Coindesk' ) and Follow the (Smart) Money (PROOF: Google Greyscale and the RECORD amounts of institutional cash pouring in — post 2017 ATH and during these first 3Q's of 2018)

  13. Embrace the Crypto Sauna! We are currently sweating out the toxins here, people. But Bitcoin, the rock, will persist.

    20k should have got you interested. 4k should have got you invested. No excuses, pound that Like button.

  14. C'mon man. get real. lol. Look at it from a more mainstream perspective… a lot of people are feeling a lot worse of.. even the hard core BTC maximalists are feeling it with lower prices.

  15. I don't mean this too harshly, but to tell people they must value all their wealth in Bitcoin is a bit… cult-like. lol. That said, I do enjoy your videos, content, and style.

  16. Let me ask you people, if you’d come to a financial institution and a representative would start by introducing himself like this clown, would you trust him?
    Yo! Learn how to talk first, don’t talk like an idiot!!!! Aren’t you embarrassed!?!?

  17. Why would you buy XRP? It‘s up compared to bitcoin over the last 7 days, one months, 3 months, 6 months and 12 months compared to BTC. So if you value your wealth in BTC than XRP would be much better than holding BTC. XRP is up +343% in BTC value compared to 12 months ago. You‘re just stupid!

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