I'm keen to hear from anyone about how they value assets. Specifically valuing them quickly. For instance, if you've ever invested in the stock market you might take a quick look at P/E ratios. Or buying a house you might have a quick look at what other similar properties are priced at in the local area. How much of a mindset shift was it for you to realise that this approach couldn't be replicated as quickly and easily for Bitcoin? How do you actually think of the "value" of Bitcoin?
Here are 3 of the most common objections I hear from people with regards to why they're not investing in bitcoin... 1) "I'd never invest in something that's so volatile..." 2) "Bitcoin is worthless because it doesn't have any intrinsic value... it's not backed by anything." 3) "It's just a digital coin, someone else can just create a digital coin and copy it." So I'm curious... What's a quick 1 liner or simple counter argument for each of these 3? I'll share some of my counter arguments in the comments once I hear from at least 3 of you below! 👇
Surprise surprise... number go up. 2 more rate cuts coming this year, too 🤯 EVERY TIME fed lowers rate, BTC moons and fiat tanks. Are your bags packed, yet?