Cryptoassets, Burniske and Tatar

[The CC Forums]

https://www.bitcoinandbeyond.com/

Great read for anyone looking into why cryptocurrencies have financial value. And also why they should be termed Cryptoassets to eliminate the misdirected focus on their use as financial transactional currencies.

Give it a read and then share your thoughts here.

 

[CryptoTC]

Thank you for that recommendation. Determining an accurate system of assigning value to this new investment type will go along way to separate cryptos with actual value and use from all the hyped tokens purely out there for trading. I think this intro is a start in the right direction. Good read.

 

[Old Man Crypto]

Thank you for this book suggestion. Looks good and I will try it.

 

[The CC Forums]

Bumping this thread because this book is rapidly becoming the standard for crypto valuation discussions at this point.

Here’s hoping that they consider revising as the market matures to fine turn valuation models.

 

[Old Man Crypto]

You should follow them on Twitter. Updated points of view etc.

Chris Burniske on Twitter

 

[Old Man Crypto]

Here’s the other authors link
Jack Tatar on Twitter

 

[The CC Forums]

@Old Man Crypto

I follow both. I wish they had their own YouTube channel, but they do show up on multiple other YouTube channels,covering crypto, interviews, podcasts, conferences, etc.

I’m trying to sort through the best videos featuring them to find a few quality ones to link here. A lot of the material just rehashes the same topic over and over without adding information or looking at things from a different angle.

If anyone finds fresh and thoughtful commentary on valuations, please share links here. Thanks.

 

[CryptoTC]

I found this little nugget interesting:

Chris Burniske on Twitter

If you believe crypto is an investment, you will only care about its relationship to USD or fiat.

If you believe crypto will replace USD or fiat, why would even care about its value? Until you can buy something with it, it is worthless as a currency.

 

[The CC Forums]

Market perspective and some calming advice from Burniske

Handing your Happiness to Mr. (Crypto) Market – Chris Burniske – Medium

 

[Old Man Crypto]

Market perspective and some calming advice from Burniske

Handing your Happiness to Mr. (Crypto) Market – Chris Burniske – Medium

I think this is where experience counts not only in crypto but all investing. Own different assets and be patient. Dollar cost average over a long period of time. Relax and wait 5-10 years.

Too many people want to get rich quick. The real way to get rich is to take your time. Work hard and invest long term.

 

[The CC Forums]

Too many people want to get rich quick. The real way to get rich is to take your time. Work hard and invest long term.

I think the get rich quick people have already exited the stage. There shouldn’t be many left to shake out at these prices. My question now is when to buy a little more.

Burniske points out in that post that previous market drops point to lower levels in this drop. But he can’t know the bottom either. No one can or they’d be spectacularly wealthy.

So dollar cost averaging is it for the rest of us.