Blockchain for Everyone by John Hargrave

Author:John Hargrave
Language: eng
Format: epub, pdf
Publisher: Gallery Books

“I don’t want to interrupt, but I know all about Mr. Market,” said my Rotarian rival. “What does this have to do with blockchain?”

“Getting there.” I clicked to my next slide.

In the blockchain world, Moody is even moodier. The highs are stratospheric, and the lows are cataclysmic. But what’s low and what’s high? That’s where our investor judgment, informed by careful research and analysis, must override Moody’s moods.

To beat the market, you must sometimes bet against the market. This is common sense. You’ve got to zig when everyone else is zagging and zag when everyone else is zigging. You’ve got to ignore the market’s moods.

It’s easy to talk yourself into buying bitcoin when the price is rocketing upward and approaching $20,000. It’s not so easy when it’s in a prolonged slump at $7,000. But that is exactly what Ben Graham taught: intelligent investors look for great bargains and buy them when they’re not fashionable.

Look for blockchain investments on sale.

I can’t tell you whether bitcoin is a great value at $7,000, or $2,000, or $200. It’s too new. But I can tell you that a $7,000 bitcoin is just a $20,000 bitcoin sitting on a store shelf with a giant red tag saying, 65% OFF.

Eventually we’ll get Moody on medication (Meddy?). The blockchain market will eventually grow up, but markets will always be moody. It’s their nature.

As a blockchain investor, be patient. Do your homework. When your careful analysis shows you that the market is undervaluing a token, buy. This is the opposite of what the market will be doing, and that’s how fortunes are made.

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