Buy a can of Coca-Cola for 500$ - it's cheap

[okissabam]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

Yeah you are right, bitcoin is not cheap at $6k.
but it is cheaper than the price at beginning of the year.
now bitcoin is on the dips at the market. This can be the chance to buy more bitcoin dips.

Of course it is not cheap at $6000 but if you look at it on a bigger picture; like for instance, long term goal then it is a good price to buy. I don’t get why “some” people in this forum whine about the price they bought Bitcoin with. We can’t turn back time and argue with those who bought Bitcoin a couple years back, of course it was cheap back then if you compare the price now but if you were on that same position a couple years back and bought that coin too at the same time, I’m pretty sure the feeling would be mutual as of today. It was not cheap back then too you know, and it was risky because Bitcoin wasn’t popular before too so there was no assurance that the price could go up to more than 100%.

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[threegods]

buying a coca-cola for $500 is not cheap, but buying btc at that price is cheap, because its price is deemed to rise significantly just like investments

[BountyX]

The funny thing is that if Coca Cola would be sold for 2000$ a can, then it would really be cheap to buy it for 500$. The value and the price of something are determined just by the people who are interested in trading that something. Whatever they believe the price should be, when there is consensus, that becomes the actual price.

[iconternal]

And one day the price of coca try would be able to reach the price of $ 5000, bitcoin will always increase every year and although the current price spelled down since early January but still has a very expensive price.

[Periodik]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

This has always been the argument why Bitcoin is hardly becoming the currency that the founder Satoshi Nakamoto originally envisioned. The price fluctuation of Bitcoin has been hampering its full function as a currency. Your .00001000 worth of Bitcoin might get you a piece of hamburger this very moment but in a couple of hours, it might not even give you a piece of bread. But I believe that once Bitcoin becomes the primary currency of the world, there will be a more or less stable price. Well, that might be begging the question, but Bitcoin is actually being used as a currency right now. 

[arthotdog]

Coca cola destroys your enamel. It's a drink for dumb people who don't know how to prepare healthy juice with vitamins on their own.
I have blender, juice squeezer and I f*ck corporations which destroy the world.

Sounds like a healthy living person huh?but its a nice behavior and youre rigt saying that coca cola and all Soda drinks are f*ck and no one cares about but us..governments earning lots from those company and just letting the people die without even doing an action.

And one day the price of coca try would be able to reach the price of $ 5000, bitcoin will always increase every year and although the current price spelled down since early January but still has a very expensive price.

Only crazy people will purchase that soda drink with $5000 even if it takes 100 years..stop your over speculation lol

[allycn]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

You could make the same argument about many other items such as collectibles (sports, comics, etc.). The price will vary depending on how much are people willing to pay. Buying a limited edition comic at USD 2000 might be cheap for someone really want it, while in a few years, a month or less, it could be worth USD 500 or no more than a buck. It depends on what is valuable to you.
You could argue that those are tangible items, but I am using this example just like you did with your can of Coca-Cola.

[exalterego]

The thing is that both Coca Cola and bitcoin have added value which comprises at least the following: a) idea (novelty) b) technology; c) labor; d) future prospects.
They both are unique products being the "pioneers" in certain industry, which in its turn encourages the trust of millions (and billions) of people around the world.
So, frankly, I can see no reason for the irony in your post  

[bitvelk]

Ahah, comments under the main message is worthy of attention. You made me laugh, friends.
But I disagree with the author of the topic that bitcoin is a game. Play in the casino or bookmaker. But all this does not give opportunities, knowledge, technologies at a sufficient level, as cryptocurrencies. Read more literature on the topic.

[google98]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

You have pretty well described things and I agree with you. When we have an exception for a short time and the price jumps to 20K, now everyone thinks that BTC costs a lot more and even $ 8000 is cheap. 

[Veterock]

Unfortunately, this comparison is incorrect, since the coca-cola can still has a real cost price.

[ATN.io]

The end price of bitcoin has not been determined yet as not all 21 million bitcoins are available. Currently the market is trying to the determine the price, so we really have no idea what the end price will be. However, we can speculate at this point.

But again, the issue is people buying bitcoin to short it or "long it" as opposed to buying it to use it as an actual form of payment in the future. Regardless of what people think about bitcoin--that it has no value or what have you, people using it to buy and sell goods and services will ultimately determine its practicality. You can say something is valueless all day long, but if someone, and especially if a large population is willing to use it to buy and sell, then welp... That's how it works. Ultimately, it is dependent on the people.

[Kakmakr]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

Ok, Let's replace your example with the word, Car.

I saw some people buy a Car for 2000$ just a month a ago.

Now I can buy a Car for only 500$, it is cheap!!

Same thing, right... You could have bought shit for whatever reason, but you still paid $1500 less for it, than what you would have paid a month before. 

Now take fiat currencies <The worthless piece of paper that guys like you believe in>

I saw some people buying 2 bottles of Coca-Cola and one box of Kentucky fried chicken and 10 chocolate bars for $10 in 2015.

Now in 2018, I can only buy 1 bar of chocolate and 1 bottle of Coca-Cola with $10, f@#$%n!

[Wendigo]

Some experts claim that Bitcoin has a purported value of upwards $50k or even $100k. So I have an exclusive offer for you all. I am selling my Coca Cola cans (coins) for $40k a piece which is like more than 60% off than its intrinsic value. I want paper money for my cans. Any takers?  It's dirt cheap 

[Kakmakr]

Some experts claim that Bitcoin has a purported value of upwards $50k or even $100k. So I have an exclusive offer for you all. I am selling my Coca Cola cans (coins) for $40k a piece which is like more than 60% off than its intrinsic value. I want paper money for my cans. Any takers?  It's dirt cheap 

Your argument FAIL for several reasons. Why would anyone be buying your Coco Cola cans for $40k a piece, when everyone around you are selling theirs for $9000 a piece? Bitcoin price predictions from these so-called experts are like weather predictions.

You have 4 people working in the Weather prediction office, and you tell them to go to the window and to predict if it is going to rain tomorrow. So, they come back to you and 2 of them says that they think that it is going to rain tomorrow. So you go to your computer and you publish the result on your weather prediction website. "There is a 50% change of rain tomorrow!" 

BUSTED! 

[Wendigo]

Some experts claim that Bitcoin has a purported value of upwards $50k or even $100k. So I have an exclusive offer for you all. I am selling my Coca Cola cans (coins) for $40k a piece which is like more than 60% off than its intrinsic value. I want paper money for my cans. Any takers?  It's dirt cheap 

Your argument FAIL for several reasons. Why would anyone be buying your Coco Cola cans for $40k a piece, when everyone around you are selling theirs for $9000 a piece? Bitcoin price predictions from these so-called experts are like weather predictions.

You have 4 people working in the Weather prediction office, and you tell them to go to the window and to predict if it is going to rain tomorrow. So, they come back to you and 2 of them says that they think that it is going to rain tomorrow. So you go to your computer and you publish the result on your weather prediction website. "There is a 50% change of rain tomorrow!" 

BUSTED! 

My argument hasn't FAILED yet just because there are no buyers NOW. It's a free market. And my response wasn't even directed toward you, so I have no idea what sprang up your butthurt comment? 

[AurumService]

500$ for Cola - you must be joking. It already costs more than it should be. But such a comparision looks kinda strange. It`s necessary to learn how crytomarket works and then you will review you point of view. Of course you may loss but...If one knows what to do the risks are minimal. Entering cryptomarket is a risky game but as the saying goes: nothing ventured, nothing gained.

[taxmanmt5]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

How could you compare Coca-Cola with Bitcoins. Both are different things which are completely different in nature.  Coca Cola is centralized with unlimited supply and Bitcoins are decentralize with limited supply.
So the Price of 6000$ is still considered as undervalued.

[aso118]

This is how many Bitcoin people in here are arguing:

I saw some people buy a can of Coca Cola for 2000$ just a month a ago.

Now I can buy a can of Coca-Cola for only 500$, it is cheap!!


Bitcoin is not cheap at 6000$. It is make-believe toy money with no real value apart from some novelty value for people who like to have cryptos for fun.

.

How could you compare Coca-Cola with Bitcoins. Both are different things which are completely different in nature.  Coca Cola is centralized with unlimited supply and Bitcoins are decentralize with limited supply.
So the Price of 6000$ is still considered as undervalued.

A lot of people can't fathom Bitcoin because it is intangible. Otherwise, we wouldn't get arguments like these. People are happy to measure their worth by a balance in their bank account, which is just a ledger in a bank account. But they get angry because Bitcoin commands a high valuation.

[elygil2022]

Now the price of a can of Coke is at $8,400. I bought it at $6,000. Not really that complicated. Buy low, sell high.