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One Thing: Day 474: China Bans Bitcoin

by | Karl Bryan, ONE THING Series | 0 comments

Day 474: China Bans Bitcoin

Yesterday I was explaining how being a trophy husband is exhausting and the importance of channeling demand.

Speaking of my role as a trophy husband…

A dirty house takes a toll on my mental health.

And my mental health takes a toll on my ability to keep the house clean.

It’s a vicious cycle.

*not really*

In other news…

Only those that attempt the absurd can achieve the impossible. ~ Albert Einstein

Anyhoo…

Your ONE COACHING THING Today Is:

‘Twitter / Bitcoin’

I started writing about Bitcoin years ago when it traded at $5k… it’s traded as high as $63,000 since…

You’d likely be thanking me if you took my advice.

In the last few days, two significant things happened that a business coach should be aware of at a macro level…

  1. China banned Bitcoin and heavyweights are freaking out
  2. Twitter integrated payment API’s with Bitcoin

I was loosely asked about this on my most recent podcast and explained in depth what I see happening as a result.

Here are a couple of my thoughts:

  1. Social platforms like Facebook will need to integrate it also (FB is planning to start its own – this is a potential wrench in those plans)
  2. Network effects (one of my favorite topics) will subsequently take effect

Everyone is freaking out (Robert Kiyosaki specifically) and expecting doomsday after the ban… I think when China bans something it’s a good thing.

Why?

History is a pretty good indicator as to what the future looks like… but FAR from a guarantee.

Rather than listen to my broke uneducated friends sharing meme’s on FB or suffering recency bias… I did some homework and here’s what it told me:

China banned Facebook in July of 2009…

FB is up 15,167% since then.

China banned Snapchat in Jun 2013….

Snap is up 16,014% since then.

China banned Google in March 2010…

Google is up 1018% since then.

China banned Bitcoin in December 2013…

It’s up 5,209% since then.

It appears China bans things they want to control the supply and compete with it.

Stated otherwise:

They ban things worth duplicating.

Watch for a Chinese Cryptocurrency coming to a theatre near you :o)

Moral of the story:

Chinese banning BTC is far from catastrophic.

If the American government follows suit and bans Bitcoin… different story.

*Not financial advice… ask someone taller, smarter, and more handsome than I. And yes, I realize how difficult that would be*

Listen to my weekly podcast if you wanna stay informed on all things Business Coaching related.

Or not.

You heard it here first.

Now, pick up the phone and go help someone.

Obsessed with your business coaching success,

Karl Bryan aka King Karl

1. Save you from asking… I no longer do interviews. Please don’t ask.

2. I do not do joint ventures. You promote your business and I’ll promote mine (the high school equivalent of let’s just be friends).

3. If you want to work with us and my Profit Acceleration Software™, click here for a 15-minute call to discuss https://my.timetrade.com/book/KJVHS

4. Please don’t be weird.

PS.  Give me caffeine to change the things I can… and beer to accept the things I cannot.

PPS. Marriages break up from lack of money… over lack of love X 100.

Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.

As good business coaches, we save marriages, save families, save kids from self-destruction… we save lives!

A true life of purpose.

PPPS. If you’re looking for a proven system to follow for your coaching…. I created Profit Acceleration Software™ as well as our Digital Acceleration Software™ and high-end step-by-step training to support it…

It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’

Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?!  And a proven coaching system created for you to follow with your new coaching client.

Reply to this if you want to start following a proven coaching system.

PPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited time, complimentary subscription to my business coaching magazine go here:

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Karl Bryan gets clients for Business Coaches...period. He is the Founder and Editor-in-Chief of The Six-Figure Coach Magazine and Chairman of Leader Publishing Worldwide, home of the largest private community of Business Coaches (24 countries and counting) in the world.
His goal is straight forward… to help serious coaches/consultants get more clients.

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