Comparison to Apple (AAPL) shares

[jack102938]

I think BTC will go the way of AAPL (http://www.shareprice.co.uk/NASDAQ:AAPL/APPLE-INC), what do you think?

[Gabi]

Who cares about "apple"?

[billyjoeallen]

I think BTC will go the way of AAPL (http://www.shareprice.co.uk/NASDAQ:AAPL/APPLE-INC), what do you think?

What's Apple's market cap?

[S3052]

330 billion $

[jack102938]

Is there some relationship that makes bitcoin similar to Apple, or are you just picking something that went up in price and hoping bitcoin does the same?

I see holding BTC like holding a share in a popular, fast growing company. Obvious similarities and exponential growth witnessed in both BTC and AAPL. You can buy a share in BTC for less than $1 whereas in AAPL each share is gonna cost ~$350. I'm obviously hoping Bitcoin goes in the $350 a coin direction.

[jack102938]

Except Apple is a company making things, while Bitcoin is not a company at all.

10 Points

And how do you buy "a share" of bitcoin?

https://en.bitcoin.it/wiki/Buying_bitcoins

[bcearl]

Since crapple makes shit and convinces its victims that they got something special (Stockholm syndrome), I don't like that comparison.

(Ironically I am typing this on my girlfriend's Mac, because she borrowed by Linux-Thinkpad to get some work done.)

[billyjoeallen]

Bitcoin is a superior investment to Apple in at least two ways.
1. Apple shares can be (and have been) diluted.
2. Apple can get sued, fined and take on debt.

[URSAY]

BTC is a better investment then AAPL???  I LOL'ed.   

[kiba]

The strategism of Bitcoin is very different from Apple.

It's more like being Android rather than being Apple.

[billyjoeallen]

BTC is a better investment then AAPL???  I LOL'ed.   

All depends on  what price you got in at.  Bitcoin has massively outperformed Apple this year.

[Litt]

BTC is a better investment then AAPL???  I LOL'ed.   

All depends on  what price you got in at.  Bitcoin has massively outperformed Apple this year.

bitcoin has massively outperformed EVERYTHING this year.

[peach]

Is there some relationship that makes bitcoin similar to Apple, or are you just picking something that went up in price and hoping bitcoin does the same?

Yeah, I don't really understand what you're getting at here, OP.

Many, many, many companies have experienced healthy gains in recent years.

Enlighten us on your thought process here.

[netrin]

BTC is a better investment then AAPL???  I LOL'ed.   

All depends on  what price you got in at.  Bitcoin has massively outperformed Apple this year.

Anyone who bought bitcoins in the last two years until a month ago has seen MASSIVE returns on their HIGH RISK investment. Apple represents lower risk. Nothing about their respective price gains nor losses should be surprising. One is more volatile than the other. That's about all we can say about their appreciation.

[billyjoeallen]

BTC is a better investment then AAPL???  I LOL'ed.   

All depends on  what price you got in at.  Bitcoin has massively outperformed Apple this year.

Anyone who bought bitcoins in the last two years until a month ago has seen MASSIVE returns on their HIGH RISK investment. Apple represents lower risk. Nothing about their respective price gains nor losses should be surprising. One is more volatile than the other. That's about all we can say about their appreciation.

It's a high risk investment with an extremely low risk/reward ratio. You have approximately a 30% chance of making 10X your original investment.  Any poker player would jump at the chance.

Apple is out there. All growth is already priced in. Bitcoin is an obscure product still in beta. Seeing the value in bitcoin requires awareness of its existence and above average knowledge of encryption and economics.  And bitcoin isn't dependent on a founder/CEO that's dying.

[Jalum]

It's a high risk investment with an extremely low risk/reward ratio. You have approximately a 30% chance of making 10X your original investment.  Any poker player would jump at the chance.

Haha I love it when bitcoiners quantify things like this.  Please explain how someone has a 30% chance of making 10x their investment.

[peach]

It's a high risk investment with an extremely low risk/reward ratio. You have approximately a 30% chance of making 10X your original investment.  Any poker player would jump at the chance.

Haha I love it when bitcoiners quantify things like this.  Please explain how someone has a 30% chance of making 10x their investment.

+1

[jack102938]

Is there some relationship that makes bitcoin similar to Apple, or are you just picking something that went up in price and hoping bitcoin does the same?

Yeah, I don't really understand what you're getting at here, OP.

Many, many, many companies have experienced healthy gains in recent years.

Enlighten us on your thought process here.

Do you want me to draw you a picture?

[Littleshop]

Bitcoin is a superior investment to Apple in at least two ways.
1. Apple shares can be (and have been) diluted.
2. Apple can get sued, fined and take on debt.

BTC is not superior to Apple (and Apple is not superior to BTC).  BTC is a different category!

One is a stock, the other is an experimental currency.

Apple has huge merits, such as extreme profitability and the mother of all diversified cash piles held by a company.  They have more then $60 per share in just cash alone and more will be announced in two weeks.  Apple making more profits in phone and computer spaces then ALL of their competition combined.  

BitCoin has no real competition but it has adversaries that would make an Apple fanboy weep.

Apple is compared to Bitcoin a safe investment but Bitcoin has potential upsides that are impossible with Apple.  Apple will not and can not further multiply by 50, Bitcoin could (but probably wont).  

[jack102938]

One is a stock, the other is an experimental currency.

BTC behaves more like a stock than a currency IMO.