crystal liu

0:00
just because Bitcoin is over
0:02
$100,000 doesn't mean that you need
0:04
$100,000 to buy Bitcoin welcome back to
0:08
a brand new episode of Jin Z BTC it's me
0:12
Satoshi guapam Moto and today we're
0:14
going to go over a very simple concept
0:17
but it's still a concept that a lot of
0:18
people have a hard time grasping and
0:20
it's the fact that if Bitcoin is
0:23
$105,000 if it's $500,000 if it's a
0:26
million that doesn't mean that that's
0:28
the amount that you need in order to
0:30
purchase some Bitcoin some people might
0:33
say oh bitcoin's too expensive I can't
0:35
afford a Bitcoin I can't buy any Bitcoin
0:37
because I don't have a $100,000 just
0:38
sitting around send this video to them
0:41
because this will help them to
0:42
understand what's actually happening
0:44
okay dollars US dollars what are they
0:47
made up of pennies Bitcoin what are
0:51
bitcoins made up of
0:53
satosi Satoshi are pennies right and
0:58
this is what the symbol looks like it's
0:59
a line with three uh horizontal lines
1:02
and then another line underneath that
1:04
that is the symbol for a Satoshi right
1:08
the abbreviation of a Satoshi is a sat
1:12
right the same way that we call uh
1:15
pennies we call them cents right hey I
1:18
need 25 cents in order to make a quarter
1:21
right I need a certain amount of SATs in
1:24
order to make a Bitcoin right that's
1:26
really all we're looking at at the end
1:28
of the day right for right now with one
1:31
US dollar you can buy 900 Satoshi over
1:35
900 Satoshi right that's an insane deal
1:39
so start framing your mind not so much
1:42
in terms of whole Bitcoins right in
1:44
hundreds of millions when you get paid
1:46
in dollars right you don't frame it as
1:49
oh well I got paid
1:53
0.000027 million per hour today like no
1:57
you just say yeah I got paid $27 per
1:59
hour
2:01
that's just how you have to look at it
2:02
with Bitcoin as well right oh I just
2:05
bought
2:08
0.900 of a Bitcoin or you could say I
2:12
bought 900
2:13
Satoshi you understand what I'm saying
2:16
and at the end of the day the game is
2:18
about getting as much BTC as much
2:20
Bitcoin as possible as many Satoshi as
2:23
possible cuz one Bitcoin will always
2:26
equal one Bitcoin now when it comes to
2:29
the exchange rate of the other currency
2:30
that we're measuring it in right it
2:32
might be $100,000 it might be a million
2:35
doar it might be 100 million euros right
2:40
it might be 100 million Iraqi dinar okay
2:43
it might be 500,000 Canadian dollars
2:46
right these numbers are always going to
2:49
be fluctuating and changing but at the
2:50
end of the day one Bitcoin is always
2:52
worth one Bitcoin meaning that as we get
2:55
into the future right as the financial
2:58
system starts to be built upon this
2:59
digital asset that is protected by
3:03
cryptography right we're going to want
3:05
to measure our wealth in Bitcoin terms
3:08
you're going to want to measure
3:09
everything in Bitcoin terms but first we
3:11
have to start as a store of value right
3:15
as all of these numbers all of the Fiat
3:17
denominations start to Trend toward
3:20
Infinity right they will no longer be a
3:22
useful measuring stick because the
3:24
numbers are just going to be far too big
3:27
so then we will transition to to a unit
3:30
of account being Bitcoin Bitcoin will
3:32
become the unit of account so you will
3:34
go to the grocery store and you'll see
3:36
oh this is not
3:38
$150 this is 150
3:41
Satoshi right but that cannot happen
3:44
until Bitcoin becomes a store value and
3:46
then the medium of exchange right money
3:49
happens in steps you cannot try skipping
3:52
steps that's why people love to talk
3:54
about how oh well Bitcoin it's not used
3:56
as a payment method it's not it's not as
3:58
good as Bitcoin cash or coin satoshi's
4:00
Vision or as my random garbage uh
4:04
company coin right my little crap coin
4:07
like xrp or whatever it might be um
4:10
those aren't stores of value right those
4:13
are people who are not patient and
4:14
they're trying to skip over the store of
4:16
value Asset of Bitcoin they're skipping
4:18
from store value straight to medium of
4:20
exchange and that's why they do not work
4:22
also they're highly centralized I'm not
4:23
going to do a whole anti altcoin uh
4:26
segment right now just understand that
4:27
Bitcoin is literally monetizing right
4:29
now in front of us in real time right
4:32
and no one's ever seen anything like
4:33
that so once it's been fully monetized
4:35
then we transition into a broad Global
4:38
medium of exchange with systems such as
4:41
lightning and liquid and then we move to
4:43
a unit of account do you need $100,000
4:45
to buy Bitcoin no you don't okay all you
4:50
need is $1 all you need is $100 all you
4:53
need is $1,000 however much income that
4:55
you have okay I've been buying $35 worth
4:58
of bitcoin per day for I don't know how
5:00
long and I'm not stopping now you know
5:02
what I mean just cuz the price is high
5:04
right the price is not high right
5:07
because when you understand Bitcoin you
5:08
realize that the price can never be high
5:12
that might sound like a crazy statement
5:14
and it is but it is also a true
5:16
statement the price can never be high
5:19
because the amount is always going to be
5:21
finite whereas dollars are always going
5:23
to be infinite right and an infinite
5:27
asset being traded for a fin asset I
5:30
mean you can't put a price on that you
5:32
know what I'm saying so more and more
5:33
people are going to start to realize
5:34
this all right uh and there's going to
5:36
come a point where people are willing to
5:39
offer a million dollars for just one
5:40
Bitcoin 10 million 100 million we're
5:43
going to watch these things happen in
5:45
real time right that might sound crazy
5:47
right now but uh it's the same as
5:49
Bitcoin going from $1 to 100,000 that's
5:52
a 100,000 x there's another 100,000 x to
5:57
go um so yeah just just basically get
6:00
people to understand you don't have to
6:01
buy a whole Bitcoin so anytime they say
6:03
Bitcoin is too expensive I don't have
6:04
100,000 lying around yeah me neither
6:06
buddy all right I barely got 30 bucks
6:08
lying around but guess what I'm throwing
6:10
it into Bitcoin my 30 bucks is turning
6:11
into 40 bucks turning in 35 bucks
6:14
turning it into 45 bucks turn it into a
6:16
100 bucks give it time it's going to
6:19
fluctuate right but it's fluctuating up
6:21
and to the right volatility is Vitality
6:24
volatility is what gives you life right
6:27
volatility is how you grow all right if
6:29
you you want something that's completely
6:30
flat and going down things that are flat
6:32
go down by the way if you want something
6:34
flat then go ahead buy some treasuries
6:35
you're going to realize you're actually
6:36
getting poorer over time right because
6:39
treasuries don't go up enough to beat
6:41
the rate of inflation you need something
6:43
that's volatile to the upside if you
6:45
want to beat inflation Bitcoin is the
6:47
absolute best at beating inflation
6:50
because it is the most volatile to the
6:51
upside and you're going to continue to
6:53
witness that so with that being said
6:56
stack SATs or die trying that's why I
6:59
say that at the end of every video
7:00
literally stack Satoshi stack SATs
7:03
that's what that means all right so some
7:06
people are like well if I can't have a
7:07
whole Bitcoin then it's not worth it I
7:09
might as well have 100,000 Doge or I
7:12
might as well have 100,000 xrp or
7:14
100,000 chicken fish coin some other
7:16
garbage like bro we'll see how that
7:19
works out for you in the long run but
7:21
you're going to look back and say dang I
7:23
wish I had a million Satoshi instead I
7:25
wish I had 1% of a Bitcoin instead of
7:28
those million garbage baby meme coins
7:31
that all went to zero right so just be
7:34
humble and stack STS man that's the
7:35
absolute best path to Victory right it's
7:38
the easiest thing you can do you don't
7:40
have to spend a bunch of hours trying to
7:41
trade and figure out what's the best one
7:43
to buy uh what's the best crypto asset
7:45
well there's a crypto assets called
7:46
Bitcoin what's the second best there is
7:48
no second best so I'll see you guys in
7:51
the next one stack STS or die trying