Hey everyone Scott Cunningham aka @scottcbusiness today we’re going to be
talking about what most people aren’t
seeing about Bitcoin and I want to
preface this by saying that I am NOT a
financial adviser I’m not some sort of
expert I am not even really going to be
giving you my opinion I am only going to
be sharing with you the facts of exactly
what is happening and let you make your
own conclusions but I have a feeling and
it is my opinion that if you’re looking
at Bitcoin very negatively right now you
might think a little differently when
you’re done watching this so let’s dive
right in the biggest and most important
thing being that the Bitcoin having is
coming next May well this upcoming May
May of 2020 generally so we can’t say
the exact date because it’s estimated
based on the amount of miners that are
mining but I will leave a link in the
description where you can see a
countdown for the projected estimation
currently it says May 14th that could
change it’s not it’s not opinionated
it’s not an opinion that it’s May 14th
it’s based on the mining projections and
and the amount of that are being mined
every single day again that could change
but it’s not going to have a drastic
impact on the day it could be May 13th
it could be May 16th maybe some crazy
amount of miners stop mining and it
doesn’t happen till June but we have a
very good idea of when this is going to
happen and I’ll share that link with
with you guys so that you can see
exactly what I’m talking about one of
the really important things is for the
next having the inflation rate for
Bitcoin will reduce from three point
eight percent to about one point eight
percent and the US has an inflation rate
of one point seven and it is among some
of the wealthiest countries in the world
the top five countries with the highest
GDP are US China Japan Germany and the
UK and their respective inflation rates
are one point seven two point eight zero
point three one point four and one point
seven so comparing that to a lot of the
other inflation rates of come of
countries that aren’t doing so well you
can see there’s definitely a correlation
between lower interest and
high-performing GDP and I’m not saying
it’s because you have low interest you
have high GDP it’s more so when you have
high GDP if you have low interest with
that it’s going to help and China is the
only one that kind of has a bit of a
higher inflation rate comparatively to
the other ones with Japan being only 0.3
which is extremely low the point being
that bitcoin is going to drop from three
point eight which is way higher than
these two around the same right one
point eight is very very close to one
point seven and in the next having it’s
going to be less than almost all of them
except for Japan and well essentially
what this means is that it is going to
be in line with some of the wealthiest
countries inflation rates and not only
that they don’t have supply caps meaning
they’re going to infinitely inflate
until they attend down to zero because
all sovereign currencies trend toward
zero because of inflation bitcoin is a
commodity like gold thus there is a
supply limit of 21 million meaning that
once it hits that there will never be
any more Bitcoin than 21 million so even
though it might have an inflation rate
of 1.8 or 1.7 or 3.8 where whatever it
happens to be at the time it still
should technically have more value and
that’s why we see all sovereign
currencies trending to zero whereas a
lot of cryptocurrencies trend upward
and many people will say bold or
volatile it’s hype it’s a bubble that it
when you look into the having’s in the
previous having’s you’ll actually
realize that all of the previous hype
cycles of Bitcoin were based around
Bitcoin having’s and you might say it’s
maybe it’s a coincidence
but any serious and I’m not saying
you’re not serious and a serious
investor but any investor who’s really
really looked into Bitcoin as a
technology they’ve looked at the
blockchain they’ve looked at how it all
works they understand that the price
generally should based on supply and
demand go up every having naturally
investors will start to invest leading
up to the halving and they’ll buy a
bunch right around it to spur the hype
and then everyone else will jump in
because they don’t know why but all the
news starts churning a bunch of stories
everyone’s talking about everyone’s
buying it the people who knew the
halving was coming weren’t prepared for
this everyone else just thinks oh my god
it’s another hype it’s another bubble
like get in before it’s too late
and anyway so previous increases after
having x’ have been just ridiculous the
very first having saw an increase from
the time of its having to its next
all-time high which was around 300 days
or so it was 8,000 percent increase the
second having it saw a 3,000 percent
increase i’m hoping hoping this is not a
prediction by any means i’m hoping that
in the next having we’ll see maybe a
1000% increase in line with the
percentage changes of the previous
having’s and mind you that’s complete
speculation that i would hope it would
be and it’s not like i’m saying it it
would or it should but that is my hope
because that would be really ideal the
point is though a lot of miners will
actually stop selling leading up to the
halving and then once the halving halves
they’ll start selling at a higher
a higher rate because they’re making
significantly less so what a halving is
is when the Bitcoin rewards for mining a
block for miners goes from well it has
so currently it’s 12.5 it’ll go to six
point two five they’re getting half as
much so they want to take advantage of
you know losing all of all all of the
potential rewards that they would be
getting otherwise by holding on to it
and then making sure collectively that
the price goes up because they still
need to cover their electricity fees and
and everything that they have going on
for it to still be profitable and and
generally you see miners with like less
capacity less capability they kind of
fall off and get replaced by bigger
companies and people with like mining
farms etc so when we talk about just
supply and demand which I mentioned
earlier Bitcoin has a limited supply
it’s like gold so naturally when this
when the production of this half’s
is based on supply and demand it should
go up the demand should go up because
the supply is being limited by the
production mind you we are already over
or right around 18 million I’m not gonna
bother to check but we’re right around
18 million I think I know we’re over 17
million and the max is gonna be 21
million so it’s not like we’re super
limited with supply like it’s not like
we’re lacking it
we’re already you know there’s only
three million or so more to be mined
anyways but typically when that happens
the difficulty goes up typically there
is a price increase because of that as
well I’ve already made two videos
previously on the having’s but people
are are really afraid because bitcoin
has been going down lately right so so I
think it’s really important to make this
distinction of why typically we see
these massive hype cycles where it just
really shoots up and people don’t
necessarily know why though it could be
speculation it could be luck it could be
it could be a bubble the main things
that we actually can point to are
something like the having a lot of
people say well you know it’s all
speculative it’s not really backed by
anything well it is a commodity and it
is backed by the electricity used to
created and the fiat currency used to
acquire it and again supply and demand I
made a video not long ago talking about
how wealth is really based on or rather
currency is rather is really based on
faith and attention if you have faith in
it or if people are giving it the
attention like that it is legitimate it
is value if people are just using it to
any degree it is it has value and the
average person has no idea about this I
said this earlier the average person has
no idea about Bitcoin having’s so when
they see Bitcoin going up they just
think there’s another hype cycle they
don’t actually know why but then they
get in because you know it’s going up
and they hope that they can get some
money out of it too but typically when
you’re joining in late you’re gonna be
losing money because the people like
myself and other people who know about
the having we’ve already invested and
now we’re just waiting for those people
to come in and unfortunately more or
less taking their money because they’re
bringing the price way up and then we
sell and then they don’t know when to
sell or maybe they do and they do make
money and then typically it goes it
crashes after and but it ends up at a
higher high than its previous low or a
higher low than its previous low and in
the cycle repeats but you know we don’t
know exactly what’s going to happen the
only thing that we can point or one of
the only things that we can point to is
we do know that with previous having’s
the prices have skyrocketed and so many
people will always say yeah but you
don’t really know that it’s gonna have
like what if it just doesn’t or like you
know it could just be your opinion that
it’s going it’s like no it’s built into
the technology it’s not a speculation
that it might have
we’ll half at a certain amount of blocks
mind it will happen and no one is going
to stop it unless every minor stops
mining which would equally be
detrimental and that’s not going to
happen that would be like a global
blackett what does this mean for the
rest of the market well what this means
for the rest of the market is that every
other somewhat good like like of any
project that has a good coin or token
typically will also see a spike if
Bitcoin spikes and the reason is because
when Bitcoin is used generally Bitcoin
eath finance you know there’s different
coins but generally a very small amount
that are used as trading pairs with
other coins Bitcoin is one of the main
trading pairs so say Bitcoin becomes it
does go up a thousand percent right so
say it’s worth now a hundred times more
than you know some altcoin that you
wanted to buy before but you what you
weren’t buying but you have Bitcoin and
you don’t know when bitcoin is going to
crash but you’ve got this Bitcoin and
you see all of these alt coins that are
just very very low value so you’re
sitting there wondering wouldn’t it make
sense that I buy these alt coins because
they’re extremely inexpensive but
they’re still worth the same just
because bitcoin is worth way more and I
have Bitcoin well you would be thinking
the same thing as basically anyone who
has Bitcoin because what usually happens
is people take advantage of this and
they buy a ton of vault coins now it
shifts and Bitcoin generally raises the
tides for all boats also on the other
side Bitcoin going down typically brings
down everything else because again it’s
affecting the trading pairs so what
happens is it goes way up and then
people take advantage of this and they
buy all the other coins and then they
all go way up as well and then everyone
holding any of like you know decent
coins because you know assuming you’ve
got like some
bullshit coins you’re probably not going
to benefit very much but as long as you
have decent coins and people are taking
their Bitcoin and investing in those as
well then you’re going to see an
increase in all those coins as well and
again that is speculation I will say
that I will make the point of saying
that whether or not other coins will go
up is completely speculation but
generally that’s what typically happens
when Bitcoin is way up and we we all
just know that from history that
whenever Bitcoin takes a hit most coins
take a hit when Bitcoin gets huge gains
most coins go up as well the bottom line
I know many people get upset when people
talk about Bitcoin predictions I’ve been
threatened just for mentioning that
Bitcoin will have their built into the
technology itself it’s not like some
opinion I have or some speculation it is
what will happen and and I’m not making
a prediction based on the fact that it’s
halved in the past it will have again
the prediction that well I’m not making
the prediction but the speculation is
whether or not the price will go up and
if you have any faith in general
economics and supply and demand then you
would understand that it really should
it should I’m not saying it will but it
should and regardless of the conclusions
that you draw from this I’ll let you
know that I am waiting for May to
basically sell off the majority of my
stuff not at may not not on the 15th
it’s and everything’s not just going to
explode for the previous having’s there
was like 300 days for the first one to
the to the all-time high and the second
one there was like 500 days to the
all-time high so we could see like a
full year after the halving before
things really vamp up but there should
be somewhat of a notable increase in May
or leading up to me and it should
continue to increase
it should we’re just going based off of
what has happened and and and how the
having’s do this every time in the
having’s will
percent happen whatever happens as a
result of the having’s we don’t know all
we know is what we what’s happened
before and it’s not just like oh look at
the past it’s like well the past the
future any time supply and demand is a
relevant variable because that’s just
basic economics so again it’s
self-evident when you look into the
technology and how its setup and how the
price previously skyrocketed that it
isn’t just random or hype based and it
was because of the having’s
and whether or not you believe that or
not we can wait to to see in in May and
you know a year maybe two years after me
so again it’s not speculation don’t just
go buy Bitcoin because you saw this
don’t say that I told you to buy Bitcoin
I am not recommending you do anything
I’m only giving you the information and
you can make your own conclusions cuz
you know everyone’s saying Bitcoin must
be bullish again and what generally
happens is is everyone really wants it
to be so then when all the investors who
understand the having’s invest all of
the media outlets catch on they start
turning a bunch of stories and everyone
jumps in at this point and you know I
already said this but you’ll see
searches for Bitcoin will skyrocket
articles will skyrocket the amount of
articles being written and leading up to
the halving I’m gonna be very closely
monitoring the amount of searches for
Bitcoin the amount of articles being put
out and maybe I’ll make a video or a few
videos going like leading up to them
just kind of following along that hype
cycle because the hype cycle while it
does affect the price is more or less a
result of the informed investors
understanding what’s happening with the
actual technology and making informed
decisions and everyone else is playing
catch-up because they don’t actually
know why and I think that’s a huge
it’s very important to understand this
because so many people are like yeah
well it’s all speculative no one knows
when it’s gonna go up or down I did it
it’s like well we can look at having’s
and have that’s like the most concrete
thing in my opinion that we can look at
it’s a commodity the having is going to
happen the supply is going to be well
the supply isn’t going to change per se
but the inflation for the supply and the
the production is going to change and
it’s going to be limited by a lot and
we’ll see I’m gonna have a keen eye
watching out for this let me know what
you guys think again I’m not suggesting
you buy Bitcoin may make your own
conclusions let me know what you think
below is there any other concrete things
that you think that we can point to or
do you think that having x’ are the most
concrete thing that we can base our
investing strategies off of or do you
think the the having’s are just a bunch
of hocus pocus maybe not that they’re
not real but that they don’t really
affect the price as much as people might
think that they do let me know in the
comments below
don’t forget to comment a hash tag
number one hamed and let me know that
you watched to the very end don’t forget
to like comment and subscribe
I’m Scott Cunningham aka @scottcbusiness
signing off Cheers