What is Bitcoin?
Mike Cernovich Podcast
Mike Cernovich Podcast
4.7 • 938 Ratings
🗓️ 22 December 2017
⏱️ 31 minutes
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| 0:00.0 | And we're back. Mike Cervich here to talk about Bitcoin with our first ever sponsor |
| 0:06.1 | Gorilla Mind.com that's right G-O-R-I-L-A-M-I-N-D dot-G-O-M-I-N-M-I-N-M-I-N-N-T-O-M-I-N-D-G-G-O-M-E-N-T-T-E-T-E-T-E-L-E-L-N-N-N-Grill Mind, the long-O-O-O-O-O-O-O-O-Olla, M-Olla, M-Oll is finally done and it's amazing and there's a reason it took a year and a half to formulate |
| 0:26.4 | and that is because I told my partner on the project that I take a lot in tropics, I take a lot of stuff, and the only way |
| 0:37.8 | I will ever sell a product is if whatever I am selling is better than anything I'm taking |
| 0:44.3 | otherwise I'll just do affiliate deal right I'm not into |
| 0:48.4 | not giving you the best |
| 0:50.4 | so grill-of-mind.com is. A few people have had samples of earlier batch. You're going to love it. |
| 0:57.0 | Let's talk about Bitcoin. Oh man, Bitcoin is a frustrating subject for me to talk about just well that puts you in a bad |
| 1:06.0 | mode is frustrating Mike's frustrated no I don't want to prime you in that way what I |
| 1:11.5 | mean though is that people talk about Bitcoin as if it's this mythological |
| 1:17.0 | unicorn thing that is somehow an investment that |
| 1:21.2 | differs from every other investment class. I'll give me an example. It's all the same |
| 1:28.8 | and I'll show you how. Show you why. Friend of mine, good friend of mine actually, has been talking about Bitcoin for like two years. |
| 1:36.7 | I'm thinking, man, this guy must have made loot. |
| 1:41.1 | And then I see today he posts on his, he you know. Oh, I'm only up 3X in Bitcoin. I'm like only 3X in Bitcoin. What you know what in the world? I'm up 25X like what in the world are you how can you only be up 3 X but what he did was he traded |
| 1:55.7 | He bought Bitcoin when it was 400 and then he did what men do |
| 2:00.0 | There's a whole section in guerrilla mindset about day trading why you should never do it |
| 2:03.8 | But every man I mean if you're a man and you're listening to this right now. You're probably laughing because you've either daytraded |
| 2:10.6 | Thought about day trading or you're about to to day trade. It's like a 99% thing that all men do and |
| 2:16.8 | hey I've done it. So I'm not judging, I'm just telling you. That's why I warn you in guerrilla mindset. |
| 2:22.3 | So what people do is they buy it and they sell it and I want to buy it on the dip and oh my God it's crashing and everything else where I just bought it because I knew it was going to be worth at least 10,000. So I bought early and figured whatever dude, just leave it there. And because of that, I'm not worried about it. Today, for example, is Thursday, 10 PM Pacific time, and I saw people on Twitter, oh my God, there's a crash, |
| 2:45.7 | Bitcoin crashed. |
... |
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