Crypto News & ICO Reviews
I want to start this post by saying I have nothing against investing in bitcoin I am actually just trying to understand how one determines buy and sell points. I am in the financial industry and both my most wealthy and most average clients ask me about bitcoin.
My question is how do you value bitcoin? Most investments you can evaluate cash flow, assets, executive teams. With real estate you can go based on the property size and other properties around you. Even other fiat currencies move with interest rates, GDP and what other currencies are doing. So how do you put a valuation on bitcoin and other crypto currencies?
Do you buy at certain market capitalization levels? Do you buy at certain price per coin? How do you determine that price?