Bitcoin Forum

Economy => Speculation => Topic started by: jehst on November 28, 2015, 03:35:26 AM



Title: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jehst on November 28, 2015, 03:35:26 AM
100,000 cars is nothing. It might as well be zero. Energy is cheap. There are more and more oilfield discoveries and oil is becoming cheaper with new oil-drilling technologies and increased production, especially in North America. These conditions are not good for Tesla. Why should Tesla be worth 6 times what bitcoin is worth? Because of the Gigafactory? Give me a break.

Facebook was started in 2004. Eight years later, in 2012, it was valued at 100 billion dollars during its IPO. The company barely makes any profit compared to this valuation. The price to earnings ratio has been over 100. And the younger generation doesn't even use Facebook anymore. They have moved on to Snapchat. Yet Facebook is worth 300 billion now.

Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: NorrisK on November 28, 2015, 12:29:53 PM
Adoptation seems to be the problem. Facebook grew exponentially, but bitcoin users seem to be lagging a bit.

To me that explains the less steep trend.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: S3052 on November 28, 2015, 01:11:45 PM
100,000 cars is nothing. It might as well be zero. Energy is cheap. There are more and more oilfield discoveries and oil is becoming cheaper with new oil-drilling technologies and increased production, especially in North America. These conditions are not good for Tesla. Why should Tesla be worth 6 times what bitcoin is worth? Because of the Gigafactory? Give me a break.

Facebook was started in 2004. Eight years later, in 2012, it was valued at 100 billion dollars during its IPO. The company barely makes any profit compared to this valuation. The price to earnings ratio has been over 100. And the younger generation doesn't even use Facebook anymore. They have moved on to Snapchat. Yet Facebook is worth 300 billion now.

Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.


Agree that TESLA is overvalued. The stock will be drastically down into 2017.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: Ibian on November 28, 2015, 01:19:58 PM
Everyone likes cars and the west is more narcissistic than ever before. We got drug and terrorist money to offer the world.

Their loss. More time to accumulate.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: richardsNY on November 28, 2015, 01:22:50 PM
100,000 cars is nothing. It might as well be zero. Energy is cheap. There are more and more oilfield discoveries and oil is becoming cheaper with new oil-drilling technologies and increased production, especially in North America. These conditions are not good for Tesla. Why should Tesla be worth 6 times what bitcoin is worth? Because of the Gigafactory? Give me a break.

Facebook was started in 2004. Eight years later, in 2012, it was valued at 100 billion dollars during its IPO. The company barely makes any profit compared to this valuation. The price to earnings ratio has been over 100. And the younger generation doesn't even use Facebook anymore. They have moved on to Snapchat. Yet Facebook is worth 300 billion now.

Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.


Agree that TESLA is overvalued. The stock will be drastically down into 2017.

Tesla is what I consider to be a hype. It's just a matter of time before the tesla stocks will turn into thin air like all other over hyped products/things. It's a good moment for people to secure their profits and start selling their shares before it starts to tank heavily.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: talks_cheep on November 28, 2015, 02:18:25 PM
People LOVE TESLA cars, they are fun, they are easy (if you have money) to buy and they offer real functionality, freedom from Arab terrorists. People love FACEBOOk, it's fun, it's easy (if you have a computer or a smartphone) to use, and they offer real functionality, freedom from Arab terrorists.

Bitcoin is NOT easy to use, it's hard to get into, offers no real advantage over using money/credit, and most of all, Arab terrorists use bitcoins. No Thank You!


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: The KGB on November 28, 2015, 02:30:36 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!




Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: Ibian on November 28, 2015, 02:34:28 PM
In addition to the above, Hitler was a vegetarian. Eat a cow for freedom!


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 02:40:02 PM
People LOVE TESLA cars, they are fun, they are easy (if you have money) to buy and they offer real functionality, freedom from Arab terrorists. People love FACEBOOk, it's fun, it's easy (if you have a computer or a smartphone) to use, and they offer real functionality, freedom from Arab terrorists.

Bitcoin is NOT easy to use, it's hard to get into, offers no real advantage over using money/credit, and most of all, Arab terrorists use bitcoins. No Thank You!

LOL What a Troll.  Bitcoin is extremely easy to use, click click and spend (not to mention it's more secure than your bank).  It's easy to get into, you can actually use a credit card now to buy bitcoin.  You can send Bitcoin tips to anyone on Twitter with a couple clicks.  Bitcoin offers extraordinary advantage, offering little to no fees without a middle man, and most of all, Arab Terrorists use far more US Dollars than Bitcoin because cash is much harder to trace, or else Bitcoin would already have a market cap of like  a Trillion Dollars.  It currently has a market cap of $5 Billion which is nothing in the grand scheme of things so far.  Thank you!   :D


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: ruggedman_dan on November 28, 2015, 02:44:37 PM
This is how the world (economy) works ....


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: ultimatesky on November 28, 2015, 02:47:54 PM
TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?


Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:07:36 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: ultimatesky on November 28, 2015, 03:15:18 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?
I said what I said out of experience. The people I've talked to about bitcoin, who never used bitcoin and don't know what it is, the answers I get from them are that it's too technical for them to use and too complicated. I believe that they said that because they're scared of change and letting go of what they were used to.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: talks_cheep on November 28, 2015, 03:26:30 PM
Just because you and I, along with a few dozen people on the forum, figured out how to use bitcoin does NOT mean most people can do so. The average person, with IQ 100, have no idea how Facebook works, they just know when you click on certain buttons, it seems to lead them to next page. Bitcoin, as it is today, is TOO difficult to use. Why use it when you have cash or credit/debit card? What's the point? They don't get it.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: ThunderThomas on November 28, 2015, 03:29:01 PM
This is why we need more commercial success. We as this community talk about bitcoin everyday, we are dealing with it everyday. We look for info and sources on the internet, some people don't have the time or interest to look something like bitcoin up. Some can't understand it and some don't have any interest in it.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: gentlemand on November 28, 2015, 03:30:10 PM
They're not really comparable in any way. Tesla has earnings, assets and value as an entity to sell even if it is overblown. Bitcoin is mainly a payment rail and speculative asset. As a few folks have said you could run an entire economy on a few coins if you could run in and out of them fast enough.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:30:18 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?

For every dollar used nefariously, there's a million dollars used to buy baby formula, build roads & hospitals.
For every BTC used nefariously, there's 0 BTC used to buy baby formula, build roads & hospitals.

Email offered unique non-criminal use scenarios, along with perceived complexity. Bitcoin? Lol.
See the difference?

Who cares how many millions of dollars are used for any kind of nefarious activity with Bitcoin when there's HUNDREDS OF BILLIONS OF DOLLARS being used for nefarious purposes BY THE BANKS THEMSELVES!  You want everyone to be focused on the ant mounds when there's mountains behind you.  

Email's perceived complexity is not much more than Bitcoin.  Email is being used ok these days, yes?
Criminals still prefer cash in alleyways that is nearly impossible to trace...or by using criminal too-big-to-fail banks as clearing houses  :D See the difference??





Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:33:31 PM
Just because you and I, along with a few dozen people on the forum, figured out how to use bitcoin does NOT mean most people can do so. The average person, with IQ 100, have no idea how Facebook works, they just know when you click on certain buttons, it seems to lead them to next page. Bitcoin, as it is today, is TOO difficult to use. Why use it when you have cash or credit/debit card? What's the point? They don't get it.

Bitcoin isn't much harder to use than email  Billions of people use email.  Yet email seemed complicated in the beginning.  Bitcoin is actually very easy to use. Opening up a Bitcoin exchange account isn't that much more complicated than opening a bank account. There's just a few more numbers in my bitcoin address than the accounting and routing numbers at my bank, except Bitcoin is far more secure than banks and debit cards which are easily hacked through third parties such as Target. When Bitcoin is used correctly, cannot be hacked. B Bye now *waves*


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:38:14 PM
For all the dumbass trolls and shills focused on illegal activity in Bitcoin.

I present to you the $1.9 Billion Fine (*ahem* cost of doing business) for HSBC's money laundering:

http://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations (http://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations)
http://www.bbc.com/news/business-20673466 (http://www.bbc.com/news/business-20673466)
http://www.wnd.com/2015/02/whistleblower-believes-hsbc-still-money-laundering/ (http://www.wnd.com/2015/02/whistleblower-believes-hsbc-still-money-laundering/)

That's just one bank, and one time they got caught.  Nobody went to jail.  The con goes on


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:40:31 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?

For every dollar used nefariously, there's a million dollars used to buy baby formula, build roads & hospitals.
For every BTC used nefariously, there's 0 BTC used to buy baby formula, build roads & hospitals.

Email offered unique non-criminal use scenarios, along with perceived complexity. Bitcoin? Lol.
See the difference?

Who cares how many millions of dollars are used for any kind of nefarious activity<>
I do, for one. Your argument is no different than
"Far more people die of natural causes than from getting shot in the face. Therefore, shooting people in the face is life-affirming."
It's just nonsense.

>Email's perceived complexity is not much more than Bitcoin.  Email is being used ok these days, yes?
See boldface.

LOL actually my argument was nothing like that.  Bitcoin has made the criminal banks obsolete the way that email is superior to sending letters via snail mail.  They are both just about as complicated to learn.

As for your boldface: Bitcoin offers TONS of unique non-criminal use cases.  Not the least is the ability to send data and value virtually instantaneously to anyone in the world through any and every border without a middle man for little to no fees! What are capital controls again??
 :D

See Boldface


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:54:58 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?

For every dollar used nefariously, there's a million dollars used to buy baby formula, build roads & hospitals.
For every BTC used nefariously, there's 0 BTC used to buy baby formula, build roads & hospitals.

Email offered unique non-criminal use scenarios, along with perceived complexity. Bitcoin? Lol.
See the difference?

Who cares how many millions of dollars are used for any kind of nefarious activity<>
I do, for one. Your argument is no different than
"Far more people die of natural causes than from getting shot in the face. Therefore, shooting people in the face is life-affirming."
It's just nonsense.

>Email's perceived complexity is not much more than Bitcoin.  Email is being used ok these days, yes?
See boldface.

LOL actually my argument was nothing like that.  Bitcoin has made the criminal banks obsolete the way that email is superior to sending letters via snail mail.  They are both just about as complicated to learn.

I didn't see any boldface?  Not that it really would have mattered much  ::)

>Bitcoin has made the criminal banks obsolete
ORLY? Than why is it that bitcoin money launderers businesses baww like little girls when these "criminals" refuse to do business with them, hmm?

>I didn't see any boldface?
My bet is some sort of organic brain disease. Now made it red for you, see if that helps.

bahaha.  My bad.  I had been trying to find a relevant point, didn't realize it was in your previous irrelevant quote  :D
I have since edited my previous message in an answer to your message and have made it bold so it is easier for you to find.  I am also making all of this text red so it stands out.
::) ::)

People still use banks as Bitcoin is still fairly new on the scene in the grand scheme of things.  The most practical way at this time to get bitcoins is to trade fiat for them, although as adoption increases, those types of issues will become less and less relevant.  Not to mention that for every bank that doesn't want to deal with bitcoin, there are others who are hopping on the band wagon before it's too late. This is a very easy concept to understand.  But I'll use a metaphor for you since you're a little slow.  Meteors are falling.  Dinosaurs haven't been affected by impact yet.  Coming soon so get out of fiat while there's still time! ;D


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 03:57:46 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?

For every dollar used nefariously, there's a million dollars used to buy baby formula, build roads & hospitals.
For every BTC used nefariously, there's 0 BTC used to buy baby formula, build roads & hospitals.

Email offered unique non-criminal use scenarios, along with perceived complexity. Bitcoin? Lol.
See the difference?

Who cares how many millions of dollars are used for any kind of nefarious activity<>
I do, for one. Your argument is no different than
"Far more people die of natural causes than from getting shot in the face. Therefore, shooting people in the face is life-affirming."
It's just nonsense.

>Email's perceived complexity is not much more than Bitcoin.  Email is being used ok these days, yes?
See boldface.
I don't mind having to spend time learning calc., because it lets me do stuff that I want to do. I'm not willing to spend similar amounts of time learnig to use your pedo-pesos, just so that I could be ripped off by some Anon from Moldavia.

In case you have problems finding my previous response:

LOL actually my argument was nothing like that.  Bitcoin has made the criminal banks obsolete the way that email is superior to sending letters via snail mail.  They are both just about as complicated to learn.

As for your boldface: Bitcoin offers TONS of unique non-criminal use cases.  Not the least is the ability to send data and value virtually instantaneously to anyone in the world through any and every border without a middle man for little to no fees! What are capital controls again??
  ;D


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 04:39:56 PM
Arab terrorist also eat Food, no thank you!

Arab terrorist also drive car, no thank you!

Arab terrorist also use FIAT, No thank you!

Where do you get this ass-backwards thinking?
All people use fiat money, but most people who use BTC use it for nefarious purposes.
Why is this proving so difficult for you to grasp?

TL;DR: If TESLA & Facebook are overvalued, why isn't Bitcoin?

Because there are still people out there not knowing what bitcoin is or can't understand how it seems to work. Some find it too technical to get into this is why people are holding of off using bitcoins.

You mean people don't want to use something that's complicated and confusing, which, with the possible exception of supporting kidnappers, pedos, and terrorists, offers no perceptible benefit?
Surprised?


There's no evidence that most people who use Bitcoin use it for Nefarious purposes.  However, most US Dollars are spent for Nefarious Purposes.  How much in US Dollars have been spent on illegal wars and bailouts for criminal banks? TRILLIONS!  How many hundreds of billions of dollars were laundered by HSBC for Terrorists and Drug Dealers?  How many billions were they fined for it once they got caught?  :D  :o  ::)

Bitcoin isn't much more complicated than email seemed to people at first.  The whole world eventually realized the benefits.  Being able to transmit data and value anywhere in the world virtually instantaneously for little to no fees without a middleman and is more cryptographically secure than credit cards and banks is a monumental benefit.  Troll much?

For every dollar used nefariously, there's a million dollars used to buy baby formula, build roads & hospitals.
For every BTC used nefariously, there's 0 BTC used to buy baby formula, build roads & hospitals.

Email offered unique non-criminal use scenarios, along with perceived complexity. Bitcoin? Lol.
See the difference?

Who cares how many millions of dollars are used for any kind of nefarious activity<>
I do, for one. Your argument is no different than
"Far more people die of natural causes than from getting shot in the face. Therefore, shooting people in the face is life-affirming."
It's just nonsense.

>Email's perceived complexity is not much more than Bitcoin.  Email is being used ok these days, yes?
See boldface.

LOL actually my argument was nothing like that.  Bitcoin has made the criminal banks obsolete the way that email is superior to sending letters via snail mail.  They are both just about as complicated to learn.

I didn't see any boldface?  Not that it really would have mattered much  ::)

>Bitcoin has made the criminal banks obsolete
ORLY? Than why is it that bitcoin money launderers businesses baww like little girls when these "criminals" refuse to do business with them, hmm?

>I didn't see any boldface?
My bet is some sort of organic brain disease. Now made it red for you, see if that helps.

bahaha.  My bad.  I had been trying to find a relevant point, didn't realize it was in your previous irrelevant quote  :D
I have since edited my previous message in an answer to your message and have made it bold so it is easier for you to find.  I am also making all of this text red so it stands out.
::) ::)

People still use banks as Bitcoin is still fairly new on the scene in the grand scheme of things.  The most practical way at this time to get bitcoins is to trade fiat for them, although as adoption increases, those types of issues will become less and less relevant.  Not to mention that for every bank that doesn't want to deal with bitcoin, there are others who are hopping on the band wagon before it's too late. This is a very easy concept to understand.  But I'll use a metaphor for you since you're a little slow.  Meteors are falling.  Dinosaurs haven't been affected by impact yet.  Coming soon so get out of fiat while there's still time! ;D

What's wrong with you? Why the red text? Is cap lock next?
Regardless, my pint is an obvious one:

You mistakenly claimed that Bitcoin made real banks obsolete. I pointed out your error by drawing your attention to Bitcoin money launderers businesses whining like little girls and begging Nanny State to make it all better, whenever Mean Old Banksters decide not to play with them.
In other words, "OMG it's so unfair that banks don't help us put them out of business! Like they don't even care how we feel!!!1!"

Listen to yourself, FFS :-\

Since you didn't see my response to your irrelevant statement, I have added the CAPS as requested, in hopes that you will see it this time:

PEOPLE STILL USE BANKS AS BITCOIN IS STILL FAIRLY NEW ON THE SCENE IN THE GRAND SCHEME OF THINGS.  THE MOST PRACTICAL WAY AT THIS TIME TO GET BITCOINS IS TO TRADE FIAT FOR THEM, ALTHOUGH AS ADOPTION INCREASES, THOSE TYPES OF ISSUES WILL BECOME LESS AND LESS RELEVANT.  NOT TO MENTION THAT FOR EVERY BANK THAT DOESN'T WANT TO DEAL WITH BITCOIN, THERE ARE OTHERS WHO ARE HOPPING ON THE BAND WAGON BEFORE IT'S TOO LATE.  THIS IS A VERY EASY CONCEPT TO UNDERSTAND.  BUT I'LL USE A METAPHOR FOR YOU SINCE YOU'RE A LITTLE SLOW.  METEORS ARE FALLING.  DINOSAURS HAVEN'T BEEN AFFECTED BY IMPACT YET.  COMING SOON SO GET OUT OF FIAT WHILE THERE'S STILL TIME!
  ;D



Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: bitebits on November 28, 2015, 04:44:55 PM
100,000 cars is nothing. It might as well be zero.
[...]
And the younger generation doesn't even use Facebook anymore. They have moved on to Snapchat. Yet Facebook is worth 300 billion now.
[...]
By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.

Don't you think that because Snapchat is used by the younger generation, Facebook has a market cap of 300bn? And Tesla 30bn because of only 100k cars?
The market caps would likely be higher if there was more usage. Tesla is mostly based on it's potential growth, just like the stocks of some pharmaceutical companies with a potential cure for some currently incurable decease. 

Bitcoin is in it's pre-IPO stage. Nobody knows if or when it will or can be used by a bigger group of people or companies. Seeing Bitcoin struggling and fighting to grow is an awesome journey. Try to enjoy the ride and not focus on it's dollar valuation, but on the usage instead. There is such potential!


Ugh. The trolling and deliberately derailing topics on Bitcointalk is getting painful.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 04:59:10 PM
... Seeing Bitcoin struggling and fighting to grow is an awesome journey.

Like watching a hideous cancerous tumor, with putrid oozing lesions and everything. Macabrely fascinating. I, for one, can't turn away.

@jaredboice: You're the first user I've put on ignore. Try to find some help for your Assburgers flareups :)

What's the matter, you don't like feeling retarded after reading my posts?  :D
Not too sure how your bankster employers will feel about that though.  You can't spread FUD when someone is constantly deflecting your bullshit without you knowing about it  :o


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: koryu on November 28, 2015, 05:36:41 PM
Tl;Dr but I love tesla, they have a great strategy introducing electric cars. Also Elon Musk is a great personality.
Also Facebook is not only a social network,  like amazon is not only a web shop and Google is not only a search engine.
All these companies will be leading in the most important technology in this century: artificial intelligence and big data.

But I agree that bitcoin is undervalued.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 05:40:26 PM
"Sinistercoin666: This user is currently ignored."  :D


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: btcxyzzz on November 28, 2015, 06:21:32 PM
Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.

What is wrong is that Facebook and other NSA/CIA agents are praised by USA government because they work together in symbiosis. Such symbiosis can't be made between Bitcoin and mentioned powers thus the Bitcoin is pretty much slowly penetrating. Still, it's the most important invention after Internet, we just need a critical mass of adopters and then everything could explode. On the other hand, if powers use all their power to stop it, I think we can witness 1-cypher USD price, but it would be still functional on the darknet. What will happen first is anybody's guess, all I know marketcap right now is completely ridiculous.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 06:44:07 PM
Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.

What is wrong is that Facebook and other NSA/CIA agents are praised by USA government because they work together in symbiosis. Such symbiosis can't be made between Bitcoin and mentioned powers <snip>

Could you remind me who provided the so-called encryption (https://en.wikipedia.org/wiki/SHA-1) used by Bitcoin?
Just a coincidence, I know ::)

Could you remind me why the money powers would knowingly contribute to the creation of a decentralized open-source monetary system more secure than the one that exists, that doesn't require them as middle men anymore, that requires little to no fees to send transactions anywhere in the world that can't be stopped by capital controls, that can't be inflated like the current system, and rewards anyone on the planet for participating?  :D

The FUD is strong in this one...



Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: jaredboice on November 28, 2015, 08:07:09 PM
Bitcoin has transmitted millions of dollars worth of value across the world for pennies without any bankers involved. Yet it's worth 5 billion. This is absurd when you look at the valuations of other tech assets. Bitcoin was started in January 2009. Eight more years brings us to January 2017. That is in 13 months. By January 2017, bitcoin should be worth at least 6x to 20x the current price. $2000 to $7000. If bitcoin is not worth at least $2000 by January 2017, then something is very wrong.

What is wrong is that Facebook and other NSA/CIA agents are praised by USA government because they work together in symbiosis. Such symbiosis can't be made between Bitcoin and mentioned powers <snip>

Could you remind me who provided the so-called encryption (https://en.wikipedia.org/wiki/SHA-1) used by Bitcoin?
Just a coincidence, I know ::)

Could you remind me why the money powers would knowingly contribute to the creation of a decentralized open-source monetary system more secure than the one that exists, that doesn't require them as middle men anymore, that requires little to no fees to send transactions anywhere in the world that can't be stopped by capital controls, that can't be inflated like the current system, and rewards anyone on the planet for participating?  :D

Lol, they'd never contribute to something like that. Now a honeypot for dangerous batshit crazies with a grudge against society... that they'd gladly contribute to.
And did.
Welcome to Bitcoin! :)

http://www.louisaheinrich.com/wp-content/uploads/2015/03/inigo-montoya_that-word.jpg

The money powers can't never contribute to the creation of a decentralized open-source monetary system more secure than the one that exists, that doesn't require them as middle men anymore, that requires little to no fees to send transactions anywhere in the world that can't be stopped by capital controls, that can't be inflated like the current system, and rewards anyone on the planet for participating  (an oversimplified definition of bitcoin) while at the same time have contributed to the creation of a decentralized open-source monetary system more secure than the one that exists, that doesn't require them as middle men anymore, that requires little to no fees to send transactions anywhere in the world that can't be stopped by capital controls, that can't be inflated like the current system, and rewards anyone on the planet for participating  :D

Further more, it's ridiculously hysterical that someone would spend all their time on a forum dedicated to something that the same someone defines as a honeypot for dangerous batshit crazies with a grudge against society...  ::)
Surely this guy is not a troll with an agenda  :o


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: chesthing on November 29, 2015, 01:22:30 AM
You can't dispute a bitcoin charge. Buy a bitcoin today it may be worth less tomorrow, maybe a lot less.
And you guys wonder why the masses don't want it.  ::)
Bring in a third party and their fees to fix the first problem, implement gov regs to fix the second - and then wtf is the point of bitcoin? it has niche uses, but the masses are not going to go for it, and for good reasons.


Title: Re: TSLA has sold <100,000 cars and is worth 30bn dollars.
Post by: r0ach on November 29, 2015, 01:27:49 AM
Like watching a hideous cancerous tumor, with putrid oozing lesions and everything. Macabrely fascinating. I, for one, can't turn away.

^Oh look, it's the JIDF, Zionazi, pro-central banking shill that's being paid to create anti-Bitcoin accounts and has already made something like 5000 of them spamming the forum some more.  Your accounts are useless now that people already know where all those fake accounts originate from.