The Mark Moss Show Jan 10, 2022

You need to be tuning in listening to me each and every week. Uh So, just real quick, if you're not driving, grab your phone, put put a reminder right now on your counter for this day, this time, this channel, and make sure you tune in with me each and every week. I can pretty much guarantee is gonna be the most important and the most profitable part of your

week to be paying attention to. Not because I'm gonna be giving you some stupid, crazy hot stock tip that you can go get rich overnight with, but because I'm gonna help you build an educational foundation and you can build the rest of your life on. This is the biggest thing, the biggest shift that we are witnessing in our lifetime that we'll ever see in multiple lifetimes. And the only way to take advantage of it and not

be shaken out is to understand what's going on. And the only way to do that is of course, by having the education to do that. So I try to bring to you a couple of things. One, I want to bring to you the educations. You can understand what's going on, so you can have what we call the strong hands to stay in this market to take advantage

of it. I bring you the hottest breaking news each and every week so you can stay up to date on what's going on, so when you go out to those parties on the weekend, you can sound like the smartest person in the room because you know all the stuff that's going on. And then I bring to you some of the brightest and most interesting and intellectual people in the space, so you can learn not just from me,

but some from some of my friends as well. Now, today I want to talk to you about a couple of things that uh I have been seeing run through the industry lately through the news lately, and I'm gonna bring to you a couple of things. So UM in the cryptocurrency space, we talk about something called FUD that

stands for fear, uncertainty and doubt and so UM. Basically, anytime somebody is saying something bad about bitcoin and cryptocurrencies, UM, like China is gonna shut down all the mining or something like that, we'd call that FUD because it creates fear, uncertainty in out and so UM. There are a lot of reasons or things that people would say that our

fud um that when they talk about bitcoin. And what I've done is I ran a pole and I collected about I don't know, fifteen or twenty of the top fud headlines as to why bitcoin will never work, why bitcoin is uh is stupid, why it's a scam, why it's unimportant, or whatever, and I ran a pole. I got hundreds and hundreds of responses on Twitter. By the way, if you're not following me on Twitter, you should um the number one Mark Moss. That's just one Mark Moss.

You can find me there, ask me a question, and you can also tell me what you think is fud. But I grabbed some of these top fud headlines and I'm gonna try to break some of these down for you as best as I and as fast as I can um, so that maybe I'll answer your fud or I'll give you I'll make you better equipped to go handle some of the fund that you may be faced with as you go start trying to talk about this

to some of your friends from your family. Now, if you're just tuning in, you're listening to the Mark Moa show where I talk about bitcoin. I talked about cryptocurrencies, and I talked about the decentralized revolution each and every week. And so let's go ahead, let's just jump into some of the fund all right, So I'm gonna I'm not going to talk about these by any certain order. I'm just gonna jump at the top. Um kind of that I had started with here, and uh, the first three

that I have here are kind of similar. And they would say that bitcoin is backed by nothing? What's it backed by? Come on, Mark, bitcoin is not worth anything. It's not backed by anything. Right, let's talk about that for a second. So what does that even mean that it's backed by something? People recite these headlines without even really thinking through what they're even saying. You've just heard this for so long, do you even know what backed

by something or backed by nothing even means? You probably don't let me break it down for you. So check this out. Uh, for five thousand years, gold was money. Well before that, we had you know, feathers were money, and rocks were money, and seashells where money, and blah blah blah. Gold emerged as the best form of money. Gold is a physical property, it's a commodity obviously, something

tangible we can hold in your hand, and it became money. Um. Through the free market, they found that gold was the best form of money, and um, so it emerged right now, what happened is eventually gold didn't keep up with technology. As the world advanced, gold didn't work any anymore because we needed to transact over space, meaning over distance. So UM, I wanted to transact with somebody in another state, another country,

et cetera. And so you know, in the fifteen six hundreds, UM, you found countries trying to trade with each other, and they were shipping gold back and forth across the oceans, and these ships were being attacked by pirates and sinking and blah blah blah. And of course, UM, it became very difficult for gold. And so what happened is then these countries started running tallies or ledgers, and they held the ledger to keep track of who owed who what. And then as things kind of emerged, we went onto

the next layer of technology, which is layered money. So instead of using gold for money, because gold is big and clunky and heavy and whatever, we just put the gold in the bank and the bank gave us a paper gold certificate. That was a second layer. So gold is the primary settlement layers of the paper money as the second layer, and that new technology allowed us to all of a sudden transact gold very easily. Because paper is obviously much more divisible, it's much easier, much lighter

to carry around. So where am I going with this? Well, that paper was backed by gold. Does that make sense? That paper was redeemable. I could take that paper anytime I wanted to any bank, and I could redeem it for gold. At the time, it was twenty US dollars were equal to one of gold. So that was backed by gold. Well, um, I'll run you through a little bit of history real quick if you want. By the way, you're listening to the Markma Show, we're talking about bitcoin.

We're talking about cryptocurrencies and the decentralized revolution. I am talking about some of the biggest fund fear and certainly doubt headlines against bitcoin, and we're talking about why it's backed by nothing and so um and so at that point, the doll that that paper gold certificate, that dollar was backed by gold, it was redeemable for gold. In nineteen thirty three two they seized the gold. Not only that they seize the gold, they made it illegal to even

own gold. And then as soon as they took everybody's gold and they instantly revalued it from twenty dollars an ounce of gold to thirty five dollars an ounce of gold, meaning they sold sixty of your wealth overnight. M that's your government for you. Hopefully that worked out. Well, we weren't alive back then, so um didn't matter to me. But it set us on this path of continuing debasement.

And so by nineteen seventy one, I'm just skipping a bunch of important dates here, but by nine one, president then president President Richard Nixon severed the ties to the gold standard. And why is this important, Well, at that point the dollar was no longer backed by gold, the note, the dollar was no longer backed by anything. So when people say, what what is what's bitcoin backed by? Well, what's the dollar backed by? People say, oh, it's backed

by the full faith and credit of the government. What does that even mean? That doesn't mean anything. Remember that whole thing of what is it backed by? Its backed by gold was for paper gold certificates when they were backed by gold. As soon as we lost that, there's no such thing as anything being backed. Dollars aren't backed by anything. Bitcoin is not backed by anything, and realistically gold is not backed by anything either. What's gold backed by?

So that that what is it backed by? Only worked when paper dollar were backed by gold. That's what it's for. It's a relic. It means nothing. What is gold back by? What is anything back by? Okay, so that's the first thing. Now, then you might say the next piece of fund might be that. And this is a Peter Shift's favorite one is that there's no intrinsic value, right because gold, You know, gold has intrinsic value, right, I can um I could, as Peter Shift says, I can melt it down and

use it for cuff links. Well, first, Peter, who the heck worst cuff links anymore? Anyway, that's the first thing I'd say. But so what right. I can make cuff links out of a bunch of things. I can make them out of aluminum, I can make them out of steel, I can make them out of copper. I can make them out of a bunch of things. And gold doesn't have value because I can make cuff links out of it. Gold doesn't have value gold. He says, Well, gold comp

used for lots of things. That's used for connectors and electronics, and it's used for fillings and caps and dental offices and blah blah blah. And and and that is true, that is absolutely true. But the amount of the amount of the value that's derived in gold because of maybe able to use it for electronics is very small. It has a monetary premium. I'm gonna explain to you more about intrinsic value, why intrinsic value is not what you think it is, and why bitcoin actually has value. I'm going

to defeat these fud headlines. You're listening to the Mark Moa show. We're talking about bitcoin, We're talking about cryptocurrencies and the decentralized revolution, and I am breaking down the fud one by one, Um and I got more, So don't go away. I'm gonna be right back. All right, welcome back. You are listening to the Mark Moa Show. We're talking about bitcoin, We're talking about cryptocurrencies. We are

talking about the decentralized revolution. And today we are talking about the fud, the fear, uncertainty and doubt that these things that people throw out against bitcoin about cryptocurrencies, and they throw these things out without even thinking about them. Right Like, as I broke down before we went on the break, I talked about why it's backed by nothing, Like, what does that even mean? It's an old statement that has no relevance today. I'm not gonna go back through that.

Um if you missed it, you can go catch me on demand, go into the podcast. It will be posted to search Mark moss I Heart Podcast whatever you'll find it market instructors. Anyway, I'm talking about intrinsic demands, so our intrinsic value. So Peter Shift says that gold has intrinsic value, meaning that um, I can melt it down us for cuff links it has, I can use it for electronic connectors, I can use it for for crowns

in your tooth or whatever. But the value of gold isn't because it can be used as a gold connector there is I hate to tell you this, but all value is subjective. I mean, I mean, I mean, let me say it another way. There is no such thing as intrinsic value. What come on, Mark, you gotta be kidding me? What are you? Uh? You crazy? My? My PhD economics professor taught me about intrinsic value. Well, let me tell you something. He's wrong. Everything you've been taught

about money is wrong. It's a big statement. But there's no such thing as intrinsic value. Let me let me, let me prove it to you. So if you and I were stuck on a deserted island, and we had two briefcases next to us, one briefcase with a billion dollars of cash and one with a billion dollars of gold, but we had nothing to spend it on. We had no boat, we had no phone to call for help. We had no food, no water, no nothing, no shelter. How much is that cash or how much is that

gold worth? It's worth absolutely zero. Can't eat the gold, can't eat the cash. Right, wealth is goods and services. I need goods and services. So that gold by itself has no intrinsic value. If I have nothing to trade that for, it's worth zero to me. Now let's talk about intrinsic value. Now, last night I had dinner. I didn't eat all my food. Those leftovers had no value

to me, and they got thrown in the trash. As a matter of fact, I probably had a little bit of water in my glass that I didn't drink and I dumped it out because that little bit of water had no value to me. But if I was on that deserted island and I was starving to death or starving or or a lack of water, I would trade every single dollar or every single ounce of gold that I had in those briefcases for that leftover food or for that left over water. Those have intrinsic value because

I can at least eat or drink them. That makes sense. All value is subjective. So we give value to things because we value them, because we value the properties or what they can do with them. And so back to bitcoin has no intrinsic value. Bitcoin is the same value that that gold has. It has value that we have given it. That makes sense. All right, Um, Now another one, as they say there's no way to value gold Okay, that's that's another one, another fund. There's no way to

value gold well again, that's an old statement. Now, we can value stocks because a real company produces profits, and we could look at their profits and then assign a multiple to it. So for example, um, if you run like a regular kind of entrepreneurial business, like a service based business, it might be worth three to four times profits, maybe one time sales, right, so four times profit. Now a company, you know, a SMP might be worth ten times or twenty times, or today who knows, fifty times.

But again, so even though we can value that company because it creates profits and revenue, and we can use those profits and revenue to measure or to value that company, where does the multiple come from? Why is it four times or why is it fifty times? Where did that come from? It's because what people are willing to pay for it? Does that make sense? All value is subjective, all right? So I broke those down for you. Let's see what other ones we got here. Like I said,

I have a fifteen or twenty on my list. Uh, let's say, oh I love this one. Environmental concerns. Bitcoin is a waste of energy. Bitcoin is going to boil the oceans. Bitcoin uses more energy than blah blah blah, small countries or whatever. Okay, well that kind of goes back to a little bit like a subjective value, which is um, who's to say what a waste is? One man's trash is another man's treasure. Um. You might think that I'm wasting my time by meditating, but that might

be highly valuable to me. I might say that you playing video games as a waste of time, but that might be therapeutic for you. Right, Who's to say what a waste is? And if I want to spend my money, my time, my resource on something, who are you to say what that waste is? All right, that's one thing, but let's get back to um. Some of this where it's a waste of energy, it's using up energy, and this is based on a theory that using energy is bad,

So right off the bat, it's a faulty argument. Humankind has flourished because we use energy, not the other way around. I hate to break it to you, but the world is not a hospitable place without energy. People frozen to death, people died of heat stroke, people died of famine, people died of floods. It was through using energy that we've been able to transform the world into a place that

is actually hospitable. And as a matter of fact, over the last hundred years, since we've developed oil, the rate of death caused by UM natural disasters has gone down by O. It's through the use of energy that humans have flourished, not because not not in the natural environment. But let's get back to this waste of energy piece, and let's just make this very very simple. So UM, in California where I'm recording from at this moment, in the summertime, at the top tier, we have a tiered

electric electric system. UM, you pay more and more and more, like more electricity used. UM in the summer, I could pay forty cents per kilowatt hour to use electricityts UM. There's no way I could mind bitcoin here. That's too expensive. When mind bitcoin, electricities are single biggest expense. So you want to find the cheapest energy to be competitive in bitcoin minding. You probably need about five cent power. Most of the big industrial UM places that are mining bitcoin

and get it about three cents power. Some are even less than three cents if you can believe that. So you might say Mark, Well, why the heck is is electricity in California forty cents, but then it's three cents somewhere else. How could it be that cheap? Well, it's easy, I can tell you. It's called supply and demand. When there is more demand, then there is supply of something, the price goes up. When there's more supply than there's demand, the price goes down. So in California, we don't have

enough electricity. We have rolling blackouts all the time. Uh, there's a lot of demand for electricity, so the price is very high. But in some parts of the world and even the country, there's more supply than there's demand. They've built these new hydro electric plants, they've built these new um whatever electricty generation plants, and there's nobody there to use all the electricity it's being generated. So it's literally that's literally being wasted. Meaning when I say wasted,

meaning are creating electricity but nobody's even using it. So they're creating it and it's not being used. That's a waste. And so bitcoin can only operate on wasted electricity. So in the world, if you measure all the electricity in the entire world, there's a big piece of it, a big chunk of it that is actually being produced and not being used. That's called wasted and Bitcoin only uses a small, like single digit percentage of the wasted energy.

That's what bitcoin uses. Bitcoin is not competing in California for electricity that's in demand. Bitcoin only uses electricity that's being created and is not otherwise being used. So if they say it's boiling in the ocean and they want to take a look at, uh, the amount of energy it's being consumed, it's actually consuming energy that would already have not been used or not being wasted. All right, you listen to the markma Show. We're talking about bitcoin,

We're talking about cryptocurrencies. We're talking about the decentralized revolution. Today we are breaking down some of the top fud, fear, uncertainty, and doubt headlines that might be holding you back from jumping into bitcoin. I got a bunch more to get through, so don't go away. I'll be right back. All right, welcome back. You are listening to the Mark Moa Show. We're talking about bitcoin, We're talking about cryptocurrencies, and we

are talking about the decentralized revolution. Of course, I'm with you each and every week. So if you just tune in for the first time, make sure to put down mark on your calendar right now, this day, this time, this channel, and tune in with me each and every week where I guarantee it's going to be the most educational and the most profitable part of your week. So make a part of your routine. Put in your phone right now. Unless you're driving, then wait to take stop.

All right now, I'm breaking down some of the top FUD headlines. FUD stands for fear, uncertainty, and doubt. We talked about why bitcoin being backed by nothing is ridiculous, why it has no intrinsic values ridiculous, there's no way to value at this ridiculous. We talked about the environmental concerns and why the waste of energy well that's ridiculous. If you missed any of those, I'm sorry. I'm not going to recap them. But you can go listen to

this on demand. So just go search for the Mark Moss podcast Constructors Podcast and you can listen to it. It will be out later in the week. Now, let's keep going down the list here. Let's see uh oh, I love this one. I love this one bitcoin. It's only used for black market criminal activity. So I couldn't use that because criminals use it. Right, Oh, this is a big one. We can dig We can dig deep

into this one. All right. So, first of all, criminals probably use cell phones, They probably use cars, They probably drink water. So should you stop drinking water because criminals drink water too? Should you stop driving cars because criminals drive cars? Yeah, it's pretty ridiculous, right when you think about it that it sounds pretty ridiculous. Right, But let's let's dig into this even a little bit further. So, first off, criminals also sleep in beds. Should I stop

sleeping in beds? Where does it stop? Where does the madness stop? But let's think about this for a minute. Why why would you say that criminals use it? Well, one of the reasons why it might be actually ideal for criminals to you is is because it can't be censored. What does that mean? So when I have dollars as a matter of fact, I had to go to the

bank yesterday and I had to wire someone money. I was wiring money to my sister as a matter of fact, And uh, I won't go into why, but the person at the bank said, hey, I just want to make sure. Do you know this person? I said, yeah, yeah, I know them. Uh are you are you sure though? Are you sure it's the right wire information? Yeah? Um, I'm positive. It's my sister. It's my my blood, I know. But I just want to make sure because you know, a

lot of times people get these fishing attacks. I'm like, dude, look, it's my freaking sister right like anyway, but they want to they want to make sure who I wire. Now that was locally here in California. When I've been wiring from from Puerto Rico Bank, every time I send a wire, they have to email me and say what is the purpose of this wire right now? If I give them a reason why, they don't like, they don't allow me

to send that money. As a matter of fact, PAPAL came up with the Anti Defamation League and made a whole list of all these people that are blacklisted and shouldn't be able to get um money sent to them. So you do not have the right to send your money to whoever you want to. That's a problem, isn't it. I mean, it's your money. I mean, if you're supporting Wiki leaks, Nope, you can't send them money, right, So, um, in a criminal black market thing black What is a

black market? Well, the black market is anything the government doesn't allow. Well, the government hardly allows anything anymore. So everything is built, Everything that's going into this parallel world is technically black market. If if the government can't make money giving you a license for it, then I guess it's pretty much a black market today, and you don't have the right to spend your money on it. Really, Well, if I have bitcoin, I can send my money to

whoever I want. So what I would say about that is that if if criminals are using it, that proves the use case. It proves the use case. Well, if it's good enough for criminals, is good enough for me. Now what's a funny little antidote to this is that all technology starts out with criminals, well, at least some kind of dirty narrative. So, as a matter of fact, does anybody know the origins of VCRs? Go ahead and raise your hand if you do, well, I can't see

your hand. But it started out as porn pornography, I know, pornography. As a matter of fact, that was how we got started using it for pornography, not that it was criminal, but um, people were afraid to use it because of the stigma that was on VCRs. And it was Disney that finally came out with one of their movies on on vc v vhs on the VCR that finally broke that stigma. And then we have the Internet. What was the Internet used for in the beginning, the same thing.

And so we we see all new technologies. You're kind of used for these uh you know, black mark kind of nefarest types of things. And so could bitcoin be used for criminal sure, just like cars and water and and and so forth. Hopefully that makes sense. All Right, I'm gonna talk about these two together, three together. Here

we go. Bitcoin is too volatile as too risky. Okay, Well, by the way, you're listening to the markma Show or talking about bitcoin, we're talking about cryptocurrencies, and we're talking about the decentralized Revolution, and I am knocking down the top fud if you're in certainty doubt headlines. Um as, I ran this poll on Twitter. By the way, if you're on Twitter, hit me up one Mark Moss the number one Mark Moss. Um. Alright, so it's too volatile

too risky. So what does that mean? What is volatile? Well, vlatile means it goes up and down a lot, right, Well, how does bitcoin go from zero to being worth fifty thousand dollars without volatility? You can't, right, I mean, volatility would imply that it goes neither up nor down. So you can't have it going up if it doesn't go down. And so the faster that it goes up, the faster it goes down. So it's very volatile up and down. But if you zoom out you see a lot of

that volatility to go away. So what do I mean by that? So, for example, if you look at the lowest price of bitcoin every single year, it's always been up as a matter of fac except for one year was a little bit lower, but every year it's been up. So does that look too volatile because that means that the lowest price point has been higher every single year.

That doesn't seem volatile to me. I would say zoom out. Um. In real estate, we kind of have this thing where it's like, hey, don't buy a house unless you plan to live there for five years, because you know, that's kind of like the real estate cycle. Bitcoin is kind of the same way. Um, there's never been more than

a three year period where bitcoin has been down. So you could have bought like a peak before it rose up to almost and then dropped off pretty hard in teen, but there was even if you bought at the peak, within three years, you were already back in profit again. So there's never a point in in UH in history that it's been down for more than three years. So, just like real estate, don't buy unless you plan to

hold it for at least five years. Don't buy a bitcoin unless you plan to hold it for three years. That takes the risk out of it. Zoom out. Volatility works both ways, all right, Now it's too risky. What does that mean? Well, I guess the volatility is risky. Now. I wouldn't advise you to put the money in there that you need to buy a car or pay for you know, something big or something something big in the next couple of months, because yeah, it be lower in

the next couple of months. Zoom out, put money in that you can afford to leave there for a long period of time. Um. And then the next one kind of plays into this, which is I missed the boat and actually uh, two of these go together and missed the boat. It's too expensive. What about all the other coins? Let's let's talk about those together. I missed the boat's too expensive. Well that's a problem, uh, And I think that's easily addressed. So what do I mean by that?

So I missed the boat it's too expensive, I would say too expensive compared to what I'll wait, too expensive compared to what too expensive compared to where it was when it was at zero. Yeah, it is a lot more expensive than it was zero. Or is it too expensive compared to where it will be at a million dollars in ten years from now? Because if you could buy it for fifty thousands to day and it's worth a million dollars and ten years, I would say big

Win is actually pretty darn cheap. Now, if you're saying it's expensive to where it was in the past, well sure it's expensive where in the past. But what are you measuring it too? That's the question? All right, I missed the boat. Now, Um, Amazon when it's launched was a five bucks. It went to eighty bucks by the year two thousand, dropped all the way back to five bucks by the year two thousand one, got back up to eighty bucks, and people said, ah, I missed it.

I missed the dip at five bucks. Now it's eighty bucks. It's too expensive. Then it was a hundred bucks, and a five hundred bucks and a thousand bucks. Oh, it's way too expensive, expensive compared to what compared to where it was, or compared to where it's going. At a hundred bucks five hundred bucks, that thousand bucks was still cheap compared to where it's going. So if you think about why are you buying bitcoin you believe it's gonna be worth more in the future. How much do you

think it will be worth in the future. I think it'd be worth five hundred thousand dollars per coin in the next five years. I think that's very realistic in my opinion. So if I think it can get there, then if it's worth five five years, is fifty expensive or is it cheap? Now? If you don't think it can be worth more in the future than I guess that kind of negates the whole argument. Um, So if you missed, if you feel like you missed the boat,

I'd say we're still early. In The very fact that you're asking that question shows just how early we are. All right, you listen to the Markma Show. We're talking about bitcoin, of course, we're talking about cryptocurrencies and the decentralized revolution. I'm breaking down the fud headlines one by one by one. I got a whole stack that I'm gonna go through. I'm gonna break these down as fast as I can. I'll be right back. Don't going. All right,

welcome back. You're listening to the Markma Show. And we are talking about bitcoin, of course, every single week, cryptocurrencies, decentralized revolution, all those good things. I am breaking down the fud, the fear, uncertainty, and doubt. That's what we call in the space. Anytime somebody says, yeah, but but but but this this bad thing um that we call that food. They're casting shade. They're throwing shade, throwing fear, uncertainty, and doubt. And I'm breaking those down for one by one.

Even if you don't believe these, still want to hear them because maybe that can help you answer somebody else that does. So what else we got here? We went through backed by nothing, no intrinsic value, no way to value it. Environmental concerns, waste of electricity, um black market, criminal activity to volatile, too risky, missed the boat. Um, those are the ones we've broken down so far. Oh, I'm gonna wait for the dip. I love this one. That's one of my favorites. I'm gonna wait for the dip.

What's funny is uh? You know I've been teaching on bitcoin, talking to bitcoin for about seven years now. When I first started talking about this, I didn't, Uh, I didn't. I didn't really talk to many of my friends, some of my friends that were into investing. Um, you know. I didn't go public and like put out a Facebook announcement to everybody I knew, like, hey, I'm a bitcoin guy now. Um. But over a period of time, people have found me, you know, and uh never fails. Whenever

bitcoin's hitting they knew all time high. I start hearing from people I haven't heard from in years and years and years. Uh and uh. The question I always get asked is should I buy now? Or should I wait? They always ask at the all time high, I don't know if I should I don't know if I should buy now, if I should if I should wait? I should wait for the dip, right, I should wait for the dip. But then we have a dip like we're

in right now, and then nobody wants to buy. So the question that I said, They asked me, should I buy now and stop away for a dip? Well? Will will it have another dip? They ask I said, yes, I guarantee you it's gonna have another dip. When when when? Well I don't know the answer to that question, and nobody does, right, nobody, nobody has a crystal ball. The best technical analysis in the world are just guessing right based off of probabilities, and so, um, should you wait

for a dip? Yeah, sure, wait for a dip, But how do you know when that dip is gonna be? How deep you know that that dip is gonna be? Um? You know, how how will you know when to buy? So for example, um, you know Bitcoin reached almost six thousand. It's probably in the arrange as we speak right now. Should you buy an hour? Is it gonna go further down? Well? I don't know. Um, maybe it goes further down, or maybe it goes up. This eighty thousand and dips all

the way back to sixty. But it's higher than where you could buy it right now today, And so you don't know, so um, what I would say is that you focus on where it's going to go. Right, I think it's me worth five hundred thousand dollars in five years, whether I buy it at fifty thousand or fifty five thousand, what difference does it make. That's that's one. Now. If you are hung up on this, then what I would say is that you could do something what we call

d c A or dollar cost averaging. That means that you buy a little bit over time. So instead of a lump sum, instead of sticking all your money into bitcoin right now, a lump sum purchase, you can break it up. So if you want to put a thousand dollars in, instead of putting all thousand dollars in, you may decide to put a hundred dollars in this week, a hundred dollars next week, hundred dollars in the next week, and hundred dollars for ten weeks in a row. Something

like that. You could do it every two weeks, every month, whatever you want to do. I mean that way, you can buy. You know, if it goes down, you buy a little bit lower. If it goes up, you buy a little bit higher. So the good thing is if it keeps buying, it keeps going down, you're averaging your cost down. The risk is that it keeps going up and then you average cost up. But some people would trade off that risk for that reward and that's up

to you. UM, So that's it. If it keeps going down, if if what if it dips, Well we're in a dip right now, so now it's time to buy. But this is not financial advice. By the way, you listening to the marketmus show, we're talking about bitcoin. I'm not giving you a financial advice. I'm just trying to give you the education that you need so you can understand exactly what is going on. All right. And then one more that we're kind of talking about on price here

is that it's too expensive. It's too expensive. What about all the other coins? There's like, uh, fifteen thousand other cryptocurrencies. I missed out on bitcoin, So I'm going to catch the next the next bitcoin. What does that even mean? The next bitcoin? So what I think people probably mean. What I think people are probably trying to say by saying that is not um. They want to get the next coin when it's cheap, before it goes up. Because

there is no next bitcoin. When I talk about next bitcoin, I'm talking about the cryptocurrency that has the properties that Bitcoin has permissionless, borderless, person less, decentralized, censorship resistant, immutable. Out of the other fifteen thousand cryptocurrencies, there's not one that has those properties. Now, like gold, going back to Peter Shift and gold, Um, there's no other metal that

has the same properties as gold does. So there's lots of other metals, right, chrome, alley and steel and aluminum and copper and whatever. Right, I'm not a geologist, but my point is is that none of them have the same attributes that gold does. So there is no next gold. There's only one, and there is no next bitcoin. There's only one. So um, what about all those other coins? Um, well, none of them have the same properties The next bitcoin

is bitcoin. But I think what you're trying to say is, um, I want to find um something that can go up as much as Bitcoin could go up. I think that's what they're saying now. I think there there's also something they're being confused by, what we call unit bias, And so what do I mean by that? I can't afford to buy a fifty thou dollar bitcoin, But I can afford a one dollar dog coin, right, so I'll just buy the dollar dog cooin. But what you may not know is that you can actually buy one dollar worth

of bitcoin. So really what you're looking at is you're looking at the percentage increase adjusted. For risk investors, we always want to manage for risk. Now, what most people think about is how much can I make? What is my upside? Right, But real investors, professional investors, think about the downside, what is my risk? And so we always want to think about things in terms of risk adjusted returns,

and so what is my return potential on bitcoin or dogcoin? Well, dog coin could potentially go up by more, but it could also potentially go down by more. Bitcoin could go up maybe less, but it's going to go down less. And so on a risk adjusted basis, I could put more into bitcoin, if that makes sense, And so think about it, not in the unit bias of I need to put a dollar in or this coin x y coin, x y z cooin is cheaper, um, think about it because you can buy fifty cents worth a bitcoin too.

I think you can buy ten cents worth a bitcoin, um, So it's not about that the amount or how much it costs. Uh, it's the risk adjusted return that you can get, and I think bitcoin beats all of those on the standpoint. Uh, we got time for one more. Let's see. Oh but but but but but but it could be hacked. It could be hacked. Well, hypothetically speaking, it could be hypothetically speaking, aliens could come to the world tomorrow and destroy it. Hypothetically speak, lots of things

could happen. But realistically, um, every computer network in the world has pretty much been hacked. Experience was hacked, the largest data data breach in history. The CIA has been acted. The n s A, the National Security Administration in essay, was hacked. And when they hacked the NSA, they stole the NSA's hacking software, which is why we have ransomware attacks all the time. Today's Bitcoin's fault, It's NSA's fault. They were hacked. They couldn't even keep their computer network secure.

And they have a full time I T staff and cybersecurity and blah blah blah blah blah trying to keep their network scure and they couldn't even keep that secure. They were hacked. Every computer network has been hacked, but Bitcoin it's open, open source. Everyone can see the code, anyone can build on the code. There's no I T Department, no security, there's no building, no no nothing. It's open,

open source. There's a trillion dollars in the open sitting there ready for anyone to come take, come get it. No security, never been hacked. Bitcoin is a lot of things. Bitcoin is a lot of things. That takes a lot of probably six eight different disciplines to even try to understand what bitcoin is. But the one thing that we know bitcoin is for sure is the most secure computer network in the history of the world. So, uh, could

it be hacked? Maybe theoretically, potentially, theoretically aliens come to the world to war to right. Realistically, can't be hacked. It's never been hacked. Every other computer network has been hacked, and it's because of the technological breakthrough that bitcoin has come up with with this decentralized network. It's kind of like if I put a billion dollars into a bank, that's a big honeypot. People are gonna try to spend a lot of money to break into that billion dollar bank.

But what if I had a billion banks with one dollar each wouldn't be worth anyone's time. That's basically what bitcoin is done. Um, you're listening to the Mark Moa show. We're talking about bitcoin, of course if you're just tuning in, talking about the decentralized network. And I was spent the last hour with you breaking down some of the top FUD headlines. Thanks so much for listening.