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$5200 Bitcoin price with Richard Heart
Oct 12, 2017
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07:41
positive super positive thing and it's
07:43
made everything better and now we're
07:46
gonna see that same type of positive
07:47
regulation happen in other countries so
07:50
the Russia banned on ban ban ban ban on
07:52
ban comedy show has no effect now they
07:55
figure out well we can't really ban it
07:57
let's just run with it right and who
08:00
would want to hide more money than an
08:01
oligarchical society that has a giant
08:04
wealth disparity between the people that
08:06
are in power and people who aren't I
08:08
mean there's no one that wants to evade
08:10
sanctions and have banking secrecy and
08:12
privacy more than a Russian oligarch
08:14
right so anytime you see one of these
08:18
government authorities pretend to ban
08:20
and then quickly unban after you know
08:23
that there's some insiders making money
08:25
on that deal you know it it's funny to
08:29
watch I don't have funny as a right word
08:31
but it's interesting that something
08:33
could be banned and unbanned 20 times
08:35
and it's you know the markets like huh
08:37
it's hilarious yeah so you know the
08:43
price broke through an irrational
08:47
shelling point it's basically a shelling
08:49
point is if you and your friend both got
08:52
lost and didn't have phones and you're
08:53
in New York City and someone were to say
08:55
okay well you're lost the same let your
08:57
friends lost you know where might you be
08:59
able to meet everyone just chooses Grand
09:01
Central Station at noon and so your
09:03
estimate of what other people will
09:05
choose and their estimate of what they
09:06
think you'll choose ends up in a
09:09
shelling point and the $5,000 price
09:11
point was a shelling point for Bitcoin
09:12
and now that's gone that's the bottom
09:16
now
09:16
the resistance become support and it's
09:20
it's so beautiful
09:22
I mean the fact that we got this price
09:24
to go past that silly mental block
09:26
before Wall Street could get in means
09:29
those guys don't get cheap coins those
09:31
guys get more reasonably priced coins
09:33
you know more fairly priced coin as they
09:35
should for being so late right now once
09:41
those guys get in once the Wall Street
09:42
guys get in they're gonna get to enjoy
09:44
the giant pump up until the ETF's come
09:47
on
09:47
and then the ETF's are gonna get to
09:49
enjoy the giant pump until the giant
09:52
craziest bubble of the world has ever
09:54
seen gets created
09:55
now here's my math on that bitcoin is
09:59
very easily appreciable asset because it
10:02
has no friction it's purely digital and
10:05
it's distributed and there's no
10:06
expensive onboarding process if someone
10:09
wants to get in they can get in with
10:10
barely any friction and the price goes
10:14
up
10:14
now take that take that very frothy easy
10:17
for price to move up thing and multiply
10:20
that by the insane free money printing
10:22
of the stock people and so now we've got
10:26
the equities markets in America that
10:28
blew up a bubble in housing that blew up
10:29
a bubble and education that blow up
10:31
bubbles if anything they set their eyes
10:33
on and we take that equity that
10:35
liquidity and we multiply it by the best
10:37
investment asset the world has ever seen
10:39
Bitcoin and we square them times each
10:42
other in the price price goes so so very
10:46
far into the sky that when Bitcoin
10:49
reaches the moon it becomes the min and
10:52
it becomes the thing that is the target
10:54
that other people wish to reach right so
10:57
we have that opportunity now we have
10:59
that opportunity to get in before Wall
11:01
Street Wall Street has the opportunity
11:02
to get in before the ETF's and the
11:04
general dumb money I don't like to call
11:07
people dumb money I would just call it
11:10
late on here slow money this stuff so
11:12
complicated that you know few people
11:15
understand all of it but that's fine you
11:17
know a few people understand fuel
11:18
injection cars run fine few people
11:20
understand you know well I run
11:23
microscopy CPU processors work fine
11:25
right so
11:27
yeah I'm excited to see the price go
11:30
where it needs to go I see this as a
11:33
great opportunity I'm very very happy
11:36
very pleased now I'm gonna look at the
11:38
chat and see if you guys have anything
11:40
interesting to say I'm sure you do when
11:45
you go up to the top here the reason I'm
11:47
going to top is to reward people that
11:48
showed up early right I'm not gonna pay
11:50
attention to the late guys first I'm
11:52
gonna pay attention to the early guys
11:53
first just like the Bitcoin price you
11:56
could have went all-in at three thousand
11:58
two thousand one thousand four thousand
12:01
five thousand you could have went it all
12:04
in any of these points seems like a good
12:08
deal right if you if you think bitcoins
12:11
gonna go up the same way that I think
12:12
bitcoins gonna go up go to my Twitter
12:14
twitter.com forward slash Richard Hart
12:17
win Richard Hart spelled like the one in
12:20
your chest win WI n because the other
12:23
one was taken so I had to come up with
12:25
three letters
12:25
I chose win and there's a link at the
12:29
top there for a discount and if you want
12:31
to just place a single long trade a
12:33
single long trade don't trade you'll
12:36
lose but a single long trade if the
12:39
price moves up it multiplies your
12:41
advantage price moves down it multiplies
12:43
your loss if you look at the graph seems
12:45
like it goes up a lot more than goes
12:47
down so maybe that's a good idea for you
12:49
dear and research look into it I'm not
12:51
an investment advisor but it it seems to
12:55
be working quite well
12:57
alright chat purple Branson it's me
13:02
purple Branson how's it going it's a
13:05
funny name
13:08
love the tribute to Prince that dude was
13:11
very accomplished very accomplished you
13:13
wouldn't want to play in basketball
13:14
right unless you like pancakes those
13:17
inside jokes
13:18
looking good Richard you called it thank
13:22
you
13:22
how long is this smartass mo fo been on
13:25
not long I don't think what a funny name
13:29
Cody do you already go P yes I went P
13:34
thank goodness I don't plan it like I
13:37
think you guys are gonna run
13:39
you're gonna be busy popping champagne I
13:40
don't think I'm gonna have to be here
13:42
that long but if I get good questions
13:43
I'm gonna answer the altcoins yet the
13:48
altcoins used to move up more when
13:51
Bitcoin moved up now they move opposite
13:53
so Bitcoin goes up the alt coins go down
13:55
and when side chains and drive chains
13:57
come on and all those little altcoin
13:59
little arcing proposals little
14:02
demographic market segmentations appeals
14:04
to certain types of people
14:05
OOP right into Bitcoin we share a giant
14:08
liquidity pull together we all swim and
14:11
sink together not separate right and so
14:14
now those deaths can improve the Bitcoin
14:15
protocol that is where they are
14:17
lifeblood comes from right so all of the
14:20
the vast majority of all coins should
14:22
become side chains and drive chains to
14:24
the single liquidity pool a Bitcoin it's
14:26
gonna be better for everybody except the
14:28
pump and dumpers it's gonna be worse for
14:29
them but that's fine scrolling Bitcoin
14:36
party day yeah like I to tie the truth
14:39
like it feels good but Wall Street's not
14:42
here yet and that's gonna feel real good
14:45
so until Wall Street's here I'm just
14:48
happy to to see the price keep moving up
14:51
and then they can pay a fair price when
14:53
they get it you know they don't have to
14:55
they're still getting in before the ETF
14:56
so that's fine but they don't have to
14:58
get in before us they don't have to get
15:00
in before the holders from 2011 they
15:02
don't have to get in before the people
15:04
that have been reading about this and
15:05
learn about it and mining it and
15:07
experimenting with it for years that are
15:09
you know following me on Twitter sit in
15:11
the discord sitting in a telegram
15:13
channel spending all day every day
15:15
watching learning inventing strategizing
15:18
there's a lot of smart people on my
15:19
ted's coming up with cool ideas all the
15:21
time those guys deserve to win they got
15:23
there first so I'm happy to see the
15:26
right people get rewarded very happy and
15:29
to tell you all these people when they
15:30
get money they're more likely to do good
15:32
stuff with it you know these are these
15:34
are intelligent people early adopters
15:37
and we can expect more cool stuff out of
15:41
them then if it were some other class of
15:43
people getting in first
15:48
Richard got special outfit for $5,300
15:52
Bitcoin thank you do I have bees ah no I
16:00
don't have any bees they seem very cool
16:02
yeah I know Russell Brand has a bee
16:06
collection but he's afraid to take their
16:07
honey because they work so hard for it
16:10
silently celebrating yeah I guess I
16:13
don't know man I've been holding so long
16:15
and seeing things go up and down so long
16:17
that like I and maybe I'm just fatigued
16:20
from being awake 30-something hours
16:21
yesterday you know it's crazy I know
16:26
that was cool that MarketWatch like
16:28
quoted my tweet you know I like that
16:32
right if you've been trying to say the
16:34
right things for a long time and the
16:36
things that you say are right it's nice
16:37
to see people recognize it you know so
16:40
that it more more likely to be correct
16:43
voice gets spread instead of more likely
16:45
to be incorrect like Jamie demon no
16:50
candles yeah yeah I kind of wait candles
16:54
that's all right this crystal stuff
16:56
looks cool with the lights on - if I
16:58
would go with the candles I can't have
16:59
that on because that's too bright it's
17:02
pretty neat to have a setup that it can
17:04
even do one single candle light that's a
17:08
hardware so cool I love having like a
17:10
night-vision camera webcam you know it
17:15
if you're gonna buy stuff I love to buy
17:18
stuff that has lasting value and I won't
17:20
say that electronics has lasting value
17:22
however you reach these points where
17:24
stuff gets so good and then it doesn't
17:26
get better for ten years right so
17:28
speakers are kind of there
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