BitMaxz
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November 20, 2015, 06:01:39 PM |
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Here in my country 1liter of coca cola is 20 php or worth of 0.001322 bitcoins so 0.001322 dived to 1 bitcoin is 756.4296520423601 or lets say 756 liters per 1 bitcoin.. Summary: 1 Liter = 0.001322 1 BTC/0.001322 = 756.4296520423601 (756) So i can buy 756 liters in 1 bitcoin...
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Blawpaw
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November 20, 2015, 06:04:13 PM |
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well that would buy me a lot of coke. but I guess at the current price I would be able to buy about 4100 Lts of coca cola
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calkob
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November 20, 2015, 06:20:31 PM |
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lets pick a few internationally standard products and create a consumer price index for bitcoin: 1) 2litre bottle of coca cola (the most standardized size internationally) 2) apple ipad 3) McDonalds bigmac meal 4) subway foot-long
then put the values together to equate to a bitcoin consumer price index for each region
2 litre coca cola == 0.0046 Btc ipad == 1.5490 Btc Bigmac mel == 0.0165 Btc Subway footlong == 0.0179 Btc 1 litre cola == 0.0023 1 BTC == 434.78 litres of coke cola
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Erkallys
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November 21, 2015, 12:51:29 PM |
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I'm wondering how you can do those maths. The price of 1L of Coca-Cola varies a lot from a supermarket to another. At least here, in France.
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Digit-0
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November 21, 2015, 12:56:00 PM |
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I'm wondering how you can do those maths. The price of 1L of Coca-Cola varies a lot from a supermarket to another. At least here, in France.
Well you know, is just an estimate price, dont need to be exactly. 1 liter coca cola = 0.0023 Btc 1 BTC = more than 400 liters coca cola Its equal 400 bottles Hehe my maths ( here in my country ) told me the same, i mean we have more of less the same prices, 1btc is a lot of liters of coca cola
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sj2199
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November 21, 2015, 01:00:52 PM |
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in my country i can buy around 540 liters of coca-cola with 1btc>326 dollars
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Erkallys
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November 21, 2015, 01:03:22 PM |
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So, 1 BTC is equal to 308,4€ according to Preev. 1L cost around 1,10€.
308,4/1,1=~280L. So, with 1 BTC, I can buy around 280L of Coca-Cola.
We can see a huge price gap between countries. The price of world brand products indicates the level of development of a country, even if it can vary due to local standards (cf. Germany). Another good example is the price of a Big Mac.
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Rude Boy
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November 21, 2015, 01:11:55 PM |
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In india, 1 lit of coca cola (with plastic bottle) = Rs.37. And i got btc price for indian rupees (inr) from google is 1 BTC = Rs. 21602.4216 (roundup the value to Rs. 21600) So i can buy 21600/37 = 583.78 lit of coca cola
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ad2042
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November 21, 2015, 01:39:55 PM |
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In my country ie. India i can buy 580 liters of coca cola.
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ThunderThomas
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November 21, 2015, 01:51:03 PM |
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1 bitcoin will get me around 400 liters of coca cola
Which would last for years since for part I only drink water and tea.
Besides the rare occasion of drinking rum and coke.
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Snorek
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November 21, 2015, 01:59:25 PM |
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So you want to create your own version of Big Mac PPP. Only with bitcoin and with Coca Cola... Interesting idea but not viable due to bitcoin volatile properties. Every calculation based on bitcoin need to be constantly updated and are shifting far more than FIAT currency. In addition in some countries Coca Cola is cheaper than Water: Mexico for example.
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RealPhotoshoper
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November 21, 2015, 03:20:16 PM |
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i believe in my country 1 liter coc cola was 0.0023 = $0.8 and if get 1BTC,its equal more than 400 liters coca cola,or more than 400 bottles
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sgbett
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November 21, 2015, 03:52:24 PM |
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Bitstamp 1BTC is $324.70, which is £213.75 1.75L coke is £1.29 £213.75 / £1.29 = 165.7 165.7 Bottles x 1.75L = 289.97L So, in the UK: 1BTC buys ~290L Coke It also gets you about 45 Gallons of petrol (gas), Im not sure if that says more about what bitcoin is worth, or how expensive fuel is in the UK
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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calkob
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November 21, 2015, 03:57:52 PM |
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I'm wondering how you can do those maths. The price of 1L of Coca-Cola varies a lot from a supermarket to another. At least here, in France.
Easy take an average........?
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ajareselde
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November 21, 2015, 06:37:52 PM |
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Average price over here is 1.50$ for 2 liter Coke. So it's about 0.00462 bitcoin per bottle, which means you can buy 216 bottles, or 432 liter of coke with 1 btc. Amazing how much cheaper it is in the most of the world. We always have higher prices, and lower wages than the average..
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indahkfi
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November 21, 2015, 08:52:09 PM |
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indonesia 316$ = 4326988.00 1 litter = 7500 1 bitcoin = 577 litters
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thefaucetrunner
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November 21, 2015, 08:57:26 PM |
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Maybe 2000 litres? That's a reasonable estimate, assuming the average 2l bottle costs around $2.
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Hugroll
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November 21, 2015, 09:00:55 PM |
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lets see a 2L bottle here is about $1.99 CAD, or about 1.55 USD. each bitcoin is ~320, meaning i could buy around 206 of these bottles, and that turns out to be 412L of coca cola with 1btc .
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Kakmakr (OP)
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November 23, 2015, 05:24:24 AM |
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So, If I take a quick average of what we are having here at the moment, you get +/- 400 Lt of Coca Cola for 1 bitcoin. The people who reported 4000+ liters are quite obviously making a mistake somewhere. Those calculations must be wrong somewhere. I used Coca Cola as the product for this, because it is a global product with huge distribution and a well known brand. Keep it coming.. Let's be creative with this.
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