How to value Bitcoin

[BeautifulStranger]

I'm not a financial advisor, I'm sharing adoption and development about my favorite investment asset, bitcoin (and cryptos)

Anyone making an investment needs to do their own dd

If you disagree with what I post, you can also short bitcoin and bitcoin futures and that's what makes a market

I'm sure there are Tesla threads where the longs are posting their support and backing it with data, and the shorts are doing the same

That's what makes a market. I'm a long only investor

Ok, fair enough. This being an open forum, you can fairly expect to be challenged, especially when presenting seemingly one sided information.

It is all good. Unless anyone else wants to continue the debate with me!

 

[johnarb]

if you are truly just an investor without industry ties, then yes, I would agree that you owe no one the responsibility to disclose. However, I have never seen such an effort in promoting anything like you have, suggesting to me you have a greater interest in Bitcoin beyond investment.

But that’s the rub, you have all these posts in support of Bitcoin, but you are unable or unwilling to answer my valid questions. If you don’t know an answer, just say so. If you agree my concerns are valid, admit it, and perhaps we can discuss ideas on how to effectively address them.

As it is, I have been fairly easy on you. Your title of this thread is “How to value Bitcoin” and you did post a few paragraphs that included the misleading use of statistics. Further, you have been seemingly evasive with your answers so far. I have not even done an “Expose” on any of the articles you’ve posted, including the ones from Bloomberg.

If Bitcoin is so solid, shouldn't it sell itself? Why the constant cheerleading?

Thrice requested, please specifically address my concerns regarding Bitcoin as an investment and as an alternative form of payment. Thank you.

I think I understand what you're asking from me, but that is not my job, dude. I'm not your financial advisor and I do not want to be

Please seek a professional for advise and recommendation on bitcoin. Even if you offer to pay me, no, keep your money, I have my own

Anyway, I'm a long only investor in bitcoin and cryptos, if you do not like my message, you're in the wrong place, this is called the Cryptocurrencies forum where these things are supposed to be posted

Listen again, and read it over and over, I do not work for you or any company associated with bitcoin or cryptos companies but I have all our net worth invested in this

See above again, please and seek professional help somewhere else. You sound like someone that needs hand holding and guidance and lacking of any confidence

 

[johnarb]

Which is what, store of value? ETH goes up the same all the time, so yes, it is a competitor.

Nano's only problem is that people don't want to switch to it because nobody cares about the actual technology, just the gainz.

Eth is a smart contract platform, you know that, dapps which are not possible on bitcoin, yet

I support you if you invest your $ in Nano, if that's your belief, why should you care what other cryptos including bitcoin are doing? Nano is a completely different project from all other ones

 

[Pekelo]

why should you care what other cryptos including bitcoin are doing?

Because by supporting (indirectly with your money backing) an obsolete and nearly useless crypto people like you taking away adoption and mining power from the more advanced cryptos.

There IS competition after all in crypto space.

So while you are surprised that you can't convince normal people to sign up to your crypto, I am not surprised I can not convince you to switch to the better crypto.

 

[johnarb]

Because by supporting (indirectly with your money backing) an obsolete and nearly useless crypto people like you taking away adoption and mining power from the more advanced cryptos.

There IS competition after all in crypto space.

So while you are surprised that you can't convince normal people to sign up to your crypto, I am not surprised I can not convince you to switch to the better crypto.

I have to invest our money where I believe the investment will provide a good risk/reward returns

I looked at Nano and it's not for me. I was invested in Eth but traded into btc a month or so ago. I was invested in LTC many years and sold before 2017 run-up

Nano is not for me, and you cannot convince me to put our money there, that's not how investing works.

Just like if someone is invested in Tesla but cannot be convinced to move their investments to Amazon

I don't think it's that difficult to understand

 

[ElCubano]

Because by supporting (indirectly with your money backing) an obsolete and nearly useless crypto people like you taking away adoption and mining power from the more advanced cryptos.

There IS competition after all in crypto space.

So while you are surprised that you can't convince normal people to sign up to your crypto, I am not surprised I can not convince you to switch to the better crypto.

Lol, funny. The guy is up a boatload. Yet he needs convincing to invest in a better crypto; wtf is this the twilight zone.

And then the other accusing him of only pumping the long side blah blah bla

 

[BeautifulStranger]

I think I understand what you're asking from me, but that is not my job, dude. I'm not your financial advisor and I do not want to be

Please seek a professional for advise and recommendation on bitcoin. Even if you offer to pay me, no, keep your money, I have my own

Anyway, I'm a long only investor in bitcoin and cryptos, if you do not like my message, you're in the wrong place, this is called the Cryptocurrencies forum where these things are supposed to be posted

Listen again, and read it over and over, I do not work for you or any company associated with bitcoin or cryptos companies but I have all our net worth invested in this

See above again, please and seek professional help somewhere else. You sound like someone that needs hand holding and guidance and lacking of any confidence

For all these words you’ve written in response to my posts, you have yet to address my points, all the while representing himself as a knowledgable person on the subject and someone who certainly written a lot in support of crypto currencies. Why is that?

I suppose if this site had a cryptocurrency cheerleading only section, you would be right at home in your safe space, but it doesn’t. You can either step up to the plate and decide to take on some apparently tough questions, or not. As far as me potentially looking to you for investment advice, and potentially anyone else looking to you for investment advice, you might be delusional.

As it stands now, for all your recent contortions and prior efforts at supporting cryptocurrencies, you have fallen short in making the case for cryptocurrencies either as a sustainable form of payment or a viable investment vehicle because you will not answer basic, fundamental questions about it. Seems like a lot of effort wasted to me, but whatever “Floats your boat”, I guess.

At this point, I’ve stated my opinion on this subject and am at peace with it. Readers will take what they will from our interaction and will hopefully will be more informed than would otherwise be the case.

 

[krugman25]

So hail to the swampland sellers and screw the swampland buyers?

All I ask for is full disclosure, not just clever, Madison Avenue style, marketing.

Perhaps a breakdown on specific marketing techniques used in prior promotional articles regarding cryptocurrencies in in order at this juncture.

I called Bitcoins head of marketing and complained. They apologized and said it will never happen again.

 

[johnarb]

For all these words you’ve written in response to my posts, you have yet to address my points, all the while representing himself as a knowledgable person on the subject and someone who certainly written a lot in support of crypto currencies. Why is that?

I suppose if this site had a cryptocurrency cheerleading only section, you would be right at home in your safe space, but it doesn’t. You can either step up to the plate and decide to take on some apparently tough questions, or not. As far as me potentially looking to you for investment advice, and potentially anyone else looking to you for investment advice, you might be delusional.

As it stands now, for all your recent contortions and prior efforts at supporting cryptocurrencies, you have fallen short in making the case for cryptocurrencies either as a sustainable form of payment or a viable investment vehicle because you will not answer basic, fundamental questions about it. Seems like a lot of effort wasted to me, but whatever “Floats your boat”, I guess.

At this point, I’ve stated my opinion on this subject and am at peace with it. Readers will take what they will from our interaction and will hopefully will be more informed than would otherwise be the case.

Please seek professional investment advise

I'm a long only investor in bitcoin and only post important growth and adoption news. See krugman25's post above mine

This is a decentralized investment asset. If you studied bitcoin you would have known that instead of demanding to be spoon fed

Do some research on bitcoin. Google is your friend

There are no companies except the exchanges and professional investment firms like Morgan Stanley, Goldman Sachs and NYDIG but they limit to ultra high net worth clients, which you may or may not be

 

[BeautifulStranger]

Please seek professional investment advise

I'm a long only investor in bitcoin and only post important growth and adoption news. See krugman25's post above mine

This is a decentralized investment asset. If you studied bitcoin you would have known that instead of demanding to be spoon fed

Do some research on bitcoin. Google is your friend

There are no companies except the exchanges and professional investment firms like Morgan Stanley, Goldman Sachs and NYDIG but they limit to ultra high net worth clients, which you may or may not be

Based on krugman25’s post above and this one, I guess it is time to look up the professional Bitcoin marketing piece you posted a while back. Don’t worry, I more than happy to do the breakdown.

How about the hypocrisy of creating, how many?, over a thousand posts in support of cryptocurrencies, including arguments along the same line of thinking that somehow past performance implies future results, yet when pressed with a few questions you guys deflect? At least you have the stones to suggest Google. I’ll add wikipedia.org to that idea for anyone wanting to hear a more complete story behind cryptocurrencies, including its many issues.

Long story short, it is sure looking like the points I’ve brought up against the long term viability of cryptocurrencies are unassailable.

Change my mind.