2017: The year the bitcoin craze reached Wall Street
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Is this a pyramid scheme? Wish it were… that would be easy. Never had an IRA. Making independent documentary films is essentially a first class ticket to the poor house.
There is zero profits in making independent documentary films. I hope it is helpful. So it was the summer ofI was at the home of a wealthy Persian family who lived in Beverly Hills. This family had bitcoin day trading flashback weekend 2017 their fortune creating Shopzilla. They had a couple of family members with cancer who were interested in being treated by Burzynski.
It was right after the big Mercola. We were invited by a friend Ali, who was their private chef. Ali just opened her own restaurant, if bitcoin day trading flashback weekend 2017 are in the downtown LA area — check it out. We talked about a little bit of everything, with a big focus on all the things that are wrong with the world.
We bitcoin day trading flashback weekend 2017 about the economy and how corrupt banks and the entire system of profiting off of others is super unhealthy — that type of thing. It could change the entire thing, and could fix many of the things we were talking about today. I went home that night and all I could find on Bitcoin was this video from March, We exchanged a few emails after that regarding Dr. Burzynski, but we never spoke of Bitcoin again.
There was stuff out there, people were mining it on bitcoin day trading flashback weekend 2017 laptops, whatever that meant. But there was literally no place to buy it back then. After nearly an entire weekend of this, I gave up. I remained interested, as anything new and innovative is right up my alley. Especially when that new innovation can subvert the current status quo.
If you have seen any of my documentaries, you will know what I am talking about. I did find a Reddit post where someone in May of offered 10, Bitcoins to anyone that would buy him two pizzas. Some of my friends would mention Bitcoin on occasion. This was around October bitcoin day trading flashback weekend 2017, The conversation went like this:. So, I started doing that math.
Not bad for about 8 weeks of time passing. I have been utterly obsessed with this entire crypto currency world every since. This is a total revolution of finance.
Much how the internet revolutionized publishing, and how we digest our content. Bitcoin, Ethereum, and the entire crypto world is poised to change the fabric of our lives, unlike anything any of us can fathom.
Bitcoin day trading flashback weekend 2017 like the internet itself. Imagine trying to explain the internet to grandma, before the internet really took hold. Remember these days, below? This is what we are living through right now in regards to blockchain and crypto currency: What is most fascinating about this entire thing, is that all this blockchain technology has become a source of currency in and of itself. Full list here, ranked in market cap. This will explain why so much of the news is downplaying bitcoin and trying to marginalize it.
They have done this to Dr. Burzynski and the subjects of all my films. If you still actually watch the mainstream TV news, you have likely had the daylights scared out of you in regards to bitcoin. All I can tell you is: This entire thing threatens the banking system itself. Why would any of us need a bank when all of our money is in our little digital wallets?
I use this one, myself. We are in the 1st inning of this monster. Ask yourself why Zimbabwe has adopted it. Hell, even Japan has officially declared bitcoin a legal currency. Whether you like it or not… this is our future.
Bitcoin or another crypto that might replace bitcoin is the future of finance — crypto currency and blockchain is here to stay. Love it or hate it. In 10 years will it be bitcoin? Will it be Ethereum? But, either way, they are all forms of crypto currencies attached to blockchain technology.
A recent study showed that 1 in 4 millennials have simply opted to avoid banks altogether, and use only bitcoin. This one kills me. The US dollar has been used to commit more crimes and launder more money than any other currency. Bitcoin is like a little zodiac boat next to the cruise ship of the dollar in the ocean. That little zodiac is going to bounce around a little bit.
Then, we have the fact that Wall Street is now embracing it. Then, on December 18th, CME will offer bitcoin futures.
I am a documentary filmmaker, not a financial person. All I am saying is: Go here to open a Coin Base account. Use your phone to take photos, email them to yourself, whatever. Coinbase is doing things by the rules, and by the rules, it means getting your identification in case the IRS decides to track down everyone who ever bought a bitcoin. They lost, sort of. If you use a commercial bank account, Coinbase can literally link to your bank.
You will see your bank login box bitcoin day trading flashback weekend 2017 there on Coinbase. Do not panic, this is normal. If you use a credit union, it takes longer. You have to verify various deposits that Coinbase makes to verify you. Big criminal bitcoin day trading flashback weekend 2017 banks are the easiest way to buy bitcoin. At least they are good for something. I still use Wells Fargo, even though they created fake bank accounts to increase their overall worth. This blog post is for the newbie.
Buying them in cash is not for a newbie. Bitcoin day trading flashback weekend 2017 you verify everything, Coinbase limits you greatly on how much you can buy.
Using a debit card makes the BTC show up in Coinbase immediately. Using your bank, Coinbase locks in the price, but your BTC will not arrive for another week.
Or it could go down. It randomizes a set of numbers that is linked to your Bitcoin day trading flashback weekend 2017. For the hardcore investor, and for those who think they can manage to take this process up a notch: GDAX is owned by Coinbase.
I will save this process for my next blog post. Well, BTC is a monster. They are all good bets. However, I personally wish to hold my BTC until it hits 1 million dollars a coin — not spend a single decimal point. Some like my friend Jay who has literally abandoned the dollar and the banking system and uses bitcoin to buy his food, pay his rent, whatever — uses a SHIFT debit card.
Links right to your Coinbase account. But, this thing, is totally decentralized. Please comment if you wish to see me expand this blog series. This was my first purchase of bitcoin, below. I have doubled my first purchase of bitcoin in 8 weeks. This blog could be a book into this world. Oh, and lastly, if you manage to open a Coinbase account and wish to donate some bitcoin to me, here is my public bitcoin address bitcoin only: