I totally agree with Katie Martin that Bitcoin isn't for the weak-hearted. It's all about the mental game, and it can really mess with those who are impatient or greedy, always chasing quick gains.
Volatility is just part of the deal, but if you can stay patient and hold on, you're more likely to come out on top in the long haul.
But honestly, her comparison of her teeth's value to Bitcoin's scarcity is a bit ridiculous. I mean, Bitcoin is widely seen as a store of value because of its limited supply.
Katie's a well-known financial journalist who's been digging into Bitcoin and crypto for a while, but expecting her teeth to be treated like an asset worth billions, just like Bitcoin, seems a bit off.
Katie Martin compares her teeth to Bitcoin
19 replies 84 views
I agree too, Bitcoin is not an investment for anybody that doesn't have the zeal to become successful, the zeal to be successful will make a person to be diligent, will make the person go extra mile to learn how every choice they make will affect them positively, if the person's choice is to invest on Bitcoin, they will learn towards the risk so that they won't sell because of panic, because they want to be different from those that won't be profitable, they will learn all the necessary steps that will make them successful as Bitcoin investors, so I agree with you that Bitcoin is not for the faint hearted.
I'll simply assume she's being sarcastic because a person who is supposed to be so exposed can't be that ignorant. You don't even need to understand Bitcoin to understand this. A simple understanding of basic economics should tell you a thing should help a person understand why her teeth can't be valuable.
I believe this is not the first time she has talked about Bitcoin, and she still has not taken a few moments of her time to look for an answer and understand why Bitcoin is actually worth this much.
It's funny how people who also ask these question dont bother to ask why some painting as so expensive. Somewhere in the world, a person has the Salvator Mundi painting hanging on his wall or even hidden somewhere in his house, yet he purchased it for about $450 million. Meaning the same painting is everywhere on the internet. The only become dumb when it comes to Bitcoin.
I am sure not all Bitcoin investors do have the knowledge about Blockchain technicalities and as a basic investor, you either don't need all that before you can invest on it.
You are basically expected to trust it with your risk tolerance that it is a valuable asset which it historical performances has proven following the halving and bull events that has come to adapt a 4 years cycle traditional makrtet events.
As a beginner just be aware of it trajectory volatilities while your goal in the long term should not distracted or manipulated over short term performances.
And lastly, keep safe of your private keys and device.
You have said it all, she is just being sarcastic that her teeth which gets decay as she grows older could be a value of asset as Bitcoin.
She really made joke of the profession there which could even make her lose values before her followers because she that statement is something a toddler can not even think about.
yield_ninjaFull Member
Posts: 188 · Reputation: 646
#5Apr 5, 2020, 04:03 AM
There is a reason why people are been advised to invest with their discretionary income, this is because it helps you reduce panic, so the idea of having a faint heart will not arise, but even if it does arise, it won't be the same as somebody who is not investing from a discretionary part. Katie Martin is a journalist that hasn't done her homework on Bitcoin, judging from her assertion. If she's looking for an object to compare with her teeth, certainly it's not Bitcoin and she knows.
real_ledgerFull Member
Posts: 108 · Reputation: 703
#6Apr 5, 2020, 06:03 AM
Her teeth are only scarce to her, and when she loses them, they can still be replaced medically either with implants or whatever dentists suggest that could be used, whereas Bitcoin supply is peaked at 21,000,000, which can't be replaced or increased by a doctor. She has used a wrong way to describe Bitcoin value, and I also love the fact that she knows her tooth is not as valuable as Bitcoin, and I love the reply Michael Saylor gave to her: "Sell the tooth, if you must, but keep the Bitcoin."
The whole comparison is still laughable yes bitcoin is actually valuable because of scarcity probably thats she might be comparing it with her teeth why doesnt she simply go for the comparison with her eyes at least does are more expensive than Teeth that can easily have fabricated ones been made.
I have said this bitcoin isnt valuable because its actually scarce due to limit placed on it but bitcoin is actually valuable because it liberates lots of people who were derived freedom while using traditional monetary system this shouldnt be too hard to understand by someone who actually say she is for bitcoin.
Let me add to Saylor statement she could see them teeth and actually invest in more valuable asset (bitcoin)
Michael Saylor has also made some very strange statements that dont seem rooted in reality. There will always be people who become so entrenched in their beliefs that they end up becoming irrational to some degree, whether they are strongly in favor of or against Bitcoin.
Peter Schiff is another example. He might be intelligent in many areas, but he always has a blind spot when it comes to Bitcoin.
Had it been that many have the same privilege of turning their assets to what more than bitcoin value, you would have done that an achieve even beyond, but many don't know that is not everything that can be compared to Bitcoin in this regard, if you have an asset and it's worth a huge amount, that is for you and your own personal choice which may differ from what others may want or could value at the same time, moreover bitcoin has gone far beyond what we think and ordinary person could just influence or try to incorporate into.
BTC is still BTC, the same BTC you bought initially.
Teeth decay, just as fiat with the years that pass.
You have a very valid point outlining that investing on Bitcoin with discretionary incomes would help to control emotional manipulations over the psychological market, that certain invest approach gives you the edge of tolerance and to encourage your investment risks in that so that you don't put all your eggs in one basket because, it is assumed that discretionary incomes is the funds you realizes after you have settled with your immediate needs and also attended to your other source of incomes while Bitcoin is advised to be treated as a long term investment scheme.
Obviously her teeth is worthless that is why she is wondering about the valueless ness of it. The last time I checked on the utility of her teeth, those were only for chewing of bubble gum and grinding of beef to satisfy her belle.
Not of any valid monetary purposes Bitcoin may serve.
How is teeth scarce when we all have that? And for those who dont have, its still pretty expensive to get some substitute for our teeth. When she said bitcoin has no obvious use case I knew she was never gonna say anything more profound after that.
Even if her teeth naturally grew up as gold, it can't worth the value of bitcoin and perhaps, even if her teeth was to be valued as bitcoin, by now all the teeth she has would have been gone and she will be left with no teeth since they are not more than 32 teeths. If the whole teeth are bought that means it will no longer belong to her again which means the value will be in the hands of the buyer(s) so her statement is just a mere sarcasm and not something that should be taken seriously. Maybe she should consider measuring her genitals to be as valuable as bitcoin since she can reproduce and her offsprings will also continue to reproduce which means that each of her descendants will be valued as bitcoin.
Katie Martin was really dumb and showed how ignorant she was at the moment of recording this video statement, because the Internet never forgets and this would eventually come back to bite her in the ass literally, if she later turns a Bitcoin investor and unknowingly makes another good note video to justify or simply testify, just how Bitcoin investment is profitable to her.
Her statement is actually not worth listening to nor worth giving a sound reasoning to, because she didn't think at all before comparing her smelling decaying teeth to Bitcoin, of which Bitcoin happens to be more valuable and for future plans than her teeth, that may fall off anytime soon from old age.
Yep. She didn't want to go deeper than that. It's her problem
Or just not being that broken record in the room with such analogies, but alas.
dave.falconFull Member
Posts: 160 · Reputation: 440
#17Apr 12, 2020, 11:38 AM
How could she compare her teeth to Bitcoin? In terms of rarity, her teeth aren't that rare, and they can even be replaced with artificial ones. Her teeth aren't durable, they will wear down over time, making the comparison completely unbalanced. In terms of utility, her teeth are only useful to herself, or useless to others. They can't facilitate global transactions, and she even needs permission to export them (her teeth) abroad. So, her statement is indeed so strange and ridiculous. She should at least do some research before making a statement so people won't make a joke out of it. I'm sure she hasn't researched the basics of Bitcoin yet. If she starts to learn at least a little about Bitcoin, I am sure she will change her mindset or statement.
Many people have changed their minds or opinions about Bitcoin after learning about it, and one of the most memorable (for me) ones from my country was from a former minister of tourism.
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#18Apr 12, 2020, 04:02 PM
Every run-of-the-mill dentist out there can replicate her teeth, but can't replicate bitcoin. Which one is more difficult? replicating her teeth or replicating bitcoin's 1 zetahash blockchain.
Also, you can transfer bitcoin to anyone around the world for few cents and get confirmed within seconds, can her teeth do that?
byte_orbitFull Member
Posts: 185 · Reputation: 735
#19Apr 12, 2020, 06:20 PM
The volatility of Bitcoin is pretty low these days, and you can find this kind of volatility or worse in other markets. Even silver did a massive crash recently, so it is time to stop signaling out Bitcoin with this bullshit argument. It was an accurate argument many years ago, it no longer is. Bitcoin is pretty tame these days except when it does a large movement, whether up or down, but that is how other markets behave at times too.
Perhaps a case like this can be seen as a learning opportunity for you and other people who assign value and respect to useless titles. Do not treat people differently based on perceived expertise, but verify their claimed expertise based on what they say and what they do. In this case, you can see that Katie is a complete idiot that does not even know the basics of economics.
To be honest, the comparison is so stupid that it is not even worth validating through a proper rebuttal. The claim is both intellectually lazy and complete nonsense, you can't dismiss the value of something or add value to it just because it is scarce. My arm is the only arm in the existence that is exactly like this, it is very scarce. So what about it? It is mostly useless to others and does not have any more value that the average other arm, even if it is unique and scarce. Scarcity itself does not mean much, market-driven scarcity based on fundamentally valuable features is something else entirely. Her argument is intentionally malicious and is designed to confuse people who do not know better, it completely misses how value is determined in financial markets or any free market.
This useless shitpost has nothing to do with the topic, you just rephrased in many ways the same thing and added nothing.
Everyone should know the Salvator Mundi oil painted which is credited to the famous artist, Leonardo da Vinci. As expensive as it costs it actually add little to no benefit to the economic lives of men as does bitcoin, or perhaps someone could school me of the economic benefits, if am missing on anything.
I tell you mate, the authorities and every other personalities who sought to discredit bitcoin's value actually knows what they're doing, they ain't damn dumb. Bitcoin raises narratives that challenges the traditional money system as designed by the authorities, and the system feeling threatened with the more value bitcoin attains, the more frightening it gets to them to want to talk it down while certain stuffs of no real economic value are priced with shocking prize.
A lot of people need to understand that bitcoin is a financial weapon that they need to hold with all that noise to be ignored towards the life transforming profit that lies ahead.
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