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13 Jun 2021 14:53:42 UTC
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Bitcoin Crashes: Should You Be Worried?
In this video, I discuss recent volatility in Bitcoin, and how I deal with it.

Rather than constantly checking the fiat price of Bitcoin, I prefer to "value my wealth in Bitcoin." I believe that Bitcoin is a scarce asset, just like gold, beach real estate, or Picasso paintings. As such, it should function as an excellent "store of value" over time, unlike fiat currencies like the US dollar.

You should make sure that you understand how Bitcoin works before you invest in it. Even then, you should only invest as much as you are able to lose. There are known risks with Bitcoin, as well as unknown risks, which could lead to it going to zero.

I believe that Bitcoin is a category winner in the category of "store of value." It benefits from network effects in the same way as companies like Facebook or Amazon. When there are network effects at work, there is a tendency for a single company or currency to win out-- called the "winner take all" endgame.

I value my wealth in Bitcoin, which means that I am constantly looking for ways to buy more Bitcoin, rather than constantly checking what the USD price of Bitcoin is.

Bitcoin, like software, is eating the world. Because of the game theory involved, early adopters stand to benefit the most, with everyone else (whether it is pension funds, corporations, or even nation-states and central banks) playing catch up.

Not investment advice! Consult a financial adviser.

Bitcoin for beginners:
https://www.youtube.com/watch?v=ZpDA682fDN0&ab_channel=TraderUniversity

How to buy Bitcoin for beginners:
https://www.youtube.com/watch?v=uNJip1wjz8c&ab_channel=TraderUniversity

Bitcoin going to $288,000:
https://www.youtube.com/watch?v=BxFKsVyUNPg&ab_channel=TraderUniversity

Man sells house, buys Bitcoin:
https://www.youtube.com/watch?v=PyekFjGqDXo&ab_channel=TraderUniversity

Bitcoin stock to flow model chart:
https://www.lookintobitcoin.com/charts/stock-to-flow-model/

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Bitcoin hash rate:
https://www.blockchain.com/charts/hash-rate

Plan B stock to flow models:
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12

Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#Bitcoin
#BitcoinNews


Disclaimer
Neither Trader University, nor any of its directors, off
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