jehst (OP)
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November 28, 2015, 03:35:26 AM |
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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.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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NorrisK
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November 28, 2015, 12:29:53 PM |
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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.
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S3052
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Activity: 2100
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November 28, 2015, 01:11:45 PM |
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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.
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Ibian
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Merit: 1278
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November 28, 2015, 01:19:58 PM |
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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.
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Look inside yourself, and you will see that you are the bubble.
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richardsNY
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Activity: 1232
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November 28, 2015, 01:22:50 PM |
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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.
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talks_cheep
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Merit: 1000
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November 28, 2015, 02:18:25 PM |
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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!
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The KGB
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November 28, 2015, 02:30:36 PM |
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Arab terrorist also eat Food, no thank you!
Arab terrorist also drive car, no thank you!
Arab terrorist also use FIAT, No thank you!
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Ibian
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November 28, 2015, 02:34:28 PM |
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In addition to the above, Hitler was a vegetarian. Eat a cow for freedom!
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Look inside yourself, and you will see that you are the bubble.
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jaredboice
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November 28, 2015, 02:40:02 PM |
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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!
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ruggedman_dan
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We on P. Sherman 42 Wallaby Way, Sydney
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November 28, 2015, 02:44:37 PM |
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This is how the world (economy) works ....
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ultimatesky
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November 28, 2015, 02:47:54 PM |
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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.
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jaredboice
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November 28, 2015, 03:07:36 PM |
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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? 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?
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ultimatesky
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November 28, 2015, 03:15:18 PM |
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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? 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.
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talks_cheep
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November 28, 2015, 03:26:30 PM |
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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.
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ThunderThomas
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fastdice.com The Worlds Fastest Bitcoin Dice
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November 28, 2015, 03:29:01 PM |
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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.
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gentlemand
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Welt Am Draht
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November 28, 2015, 03:30:10 PM |
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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.
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jaredboice
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November 28, 2015, 03:30:18 PM |
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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? 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 See the difference??
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jaredboice
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November 28, 2015, 03:33:31 PM |
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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*
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jaredboice
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November 28, 2015, 03:40:31 PM |
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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? 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?? See Boldface
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