Buying 1 BTC is ‘like owning 60 cars?

[MCobian]

Francisco Blanch said the bad thing about Bitcoin was natural because he was a banking person,  I'm sure everything Blanch says won't have
a big effect on the development of Bitcoin. Not many people will pay attention to what Francisco Blanch said, he is just afraid Bitcoin is becoming
more and more accepted by many people. Francisco Blanch only looks for the weaknesses of Bitcoin, without comparing with the benefits provided
by Bitcoin. Francisco Blanch's assessment of Bitcoin is not neutral, he is just a person who is afraid of technological advances.

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[DdmrDdmr]

Just a quick stat on how many posts have understood the 1 BTC = 60 car thingy so far:

N.A. corresponds to posts that are not applicable to the stat, since they do not reference the car comparison. 'No' over 'yes' is pretty much fivefold, something to reflect upon.

In order to get the meaning we need to dive into the article. That being said, the confusion could have been avoided by referencing the context in the OP (since the car/btc comparison is the heading).

[RokokGudangGaram]

it depends also on what kind of cars. We could not look in the future. Cars will always keep some value. it is risky to compare it. Nowadays you have 3 decent cars for the bitcoin value

[DatKing]

Buying 1 BTC is like owning 120 cars or even 240 cars, if you know what I mean. Buying 60 cars will give you nothing but mere expenses in the long run while having 1 Bitcoin can give you profits every year depending on the market situation. In short, having Bitcoin is good in the long term as an investment. Don't listen to people who don't have Bitcoin, listen to those who loves Bitcoin and ignore others, their opinions are just garbages.

It is really a nice point of view. Let's say you have 60 cars and 1 BTC both. The prices of cars that you own will not go higher in years (as long as you don't live in a third world country). But you can make a great profit if you HODL. There are still people like this who are totally against Bitcoin and they will always be. I don't also recommend anyone to listen to that kind of ridiculous statements.

[Noctis Connor]

it depends also on what kind of cars. We could not look in the future. Cars will always keep some value. it is risky to compare it. Nowadays you have 3 decent cars for the bitcoin value

It's really true depends on the value of the cars when he wants to own a 2nd hand cars then he can easily get those into price range of $1000 to $2000 dollars but when you want a luxury one then you can only own atleast 3 or maybe 1 but we didn't want to because we only looking forward that we want to earn more or i need to make business that can support my self while im living and save some of my money for the future bike can help you too it can give you healthy lifestyle.

[Asuspawer09]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

I mean bitcoin has really progressed throughout the past years, adaptation in bitcoin and even the market price was surely nothing compared to when it was just created.

When bitcoin was 100$ nobody was thinking it will reach 60k$ in the market, for most people it was ridiculous, and now buying around 50k$ was considered a good buy or already a drop.

I mean I wouldn't buy just some cheap cars probably here in my country 1 bitcoin could buy 6 decent cars, but I guess in the future you could do that since bitcoin value is really ridiculously increasing.

[Findingnemo]

I am willing to pay him 1BTC and please ask him to buy me  60 cars or atleast 60 cars which are in running condition. The comparision itself is stupid thing so just avoid those stupid people's statement like a plague. Maybe in future we can own 60 cars by simply paying 1 BTC until that keep on HODLing.

[Coyster]

In order to get the meaning we need to dive into the article. That being said, the confusion could have been avoided by referencing the context in the OP (since the car/btc comparison is the heading).

I second that, and not just referencing that part of the article in the OP, but also should have put the title of the thread in such a way as to reflect the true meaning of what the article reads about the BTC/car stuff, the title of the thread looks more like: buying one BTC is equivalent to buying/owning 60 cars, or owning 60 cars is much better than buying BTC since the article is more of a swipe taken at Bitcoin.

I am willing to pay him 1BTC and please ask him to buy me  60 cars or atleast 60 cars which are in running condition. The comparision itself is stupid thing so just avoid those stupid people's statement like a plague. Maybe in future we can own 60 cars by simply paying 1 BTC until that keep on HODLing.

It could very well be possible that down the years one Bitcoin could buy 60 cars, but that was never what the article linked in the OP thought to say, it's totally different, I suggest you read the article to understand it all.

[KryptoKings]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

While everyone is entitled to his views, this Francisco Blanch is totally ignorant of Bitcoin benefits.
He compared visa to BTC while these are different as Apple and oranges.
I think he was trying to create some FUD with his little knowledge so that he can buy some BTC and save himself some embarrassment of not having any.

[Yatsan]

This shows an opinionated thought about Bitcoin that seems to have no further better understanding of what Bitcoin is really all about and what benefits and features does Bitcoin can cater making people to be attracted into it. People seems to be likely always seeking potential and possible negativity against Bitcoin making it a point releasing statements that confuse other people's mind and are starting to doubt Bitcoin credibility when it comes to performance. Well, it is still his own opinion with regards to what he understand about Bitcoin comparing it into like owning 60 cars for having 1 Bitcoin. It is still up into us if we will just believe into such statements or make it a point to just ignore it knowing the fact that we further understand more than that about Bitcoin itself compared to him.

[Twentyonepaylots]

Nothing but the rich giving uneducated and biased opinions about bitcoin. As if we're nit used to it. Last couple of months it was JP Morgan, then next thing we found out they are integrating bitcoin into their banking system. The way these bankers and rich are kneeling to the power of the collective poor people is funny, and I believe this is payback time.

This shows an opinionated thought about Bitcoin that seems to have no further better understanding of what Bitcoin is really all about and what benefits and features does Bitcoin can cater making people to be attracted into it. People seems to be likely always seeking potential and possible negativity against Bitcoin making it a point releasing statements that confuse other people's mind and are starting to doubt Bitcoin credibility when it comes to performance. Well, it is still his own opinion with regards to what he understand about Bitcoin comparing it into like owning 60 cars for having 1 Bitcoin. It is still up into us if we will just believe into such statements or make it a point to just ignore it knowing the fact that we further understand more than that about Bitcoin itself compared to him.

Exactly. Thing is, critics of bitcoin would often focus on how volatile it is, how unconventional and unprpfitable it will be in the long run, and all that crap, but bitcoin consistently breaks these barriers and altogether changes the way people think about it. Next thing we'll know, Blanch is holding a couple of bitcoins himself.

Lmao

[btc78]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-cointelegraph60-cars

So Let them Use Visa while we are enjoying our Financial Freedom and Moving forward in life.

They wanted to be centralized when we are decentralized .

They Wanted to Be Under Government monitoring while we are not.

Life Means Freedom and they are free to choose what they wanted to use so Why need comparison?

We are not into the fastest transacting but for the safest and freely.

I will still choose Bitcoin than any credit cards or any Online system of Paying.

[StartupAnalyst]

Despite all the criticism of some banks and people that Bitcoin is bad and don’t worthy of attention because of low speed of transactions and high volatility billionaires continue to invest huge amounts of dollars in BTC. Like that did Norwegian billionaire Oystein Stray Spetalen: https://coinmarketcap.com/ru/headlines/news/just-in-bitcoin-critic-norwegian-billionaire-oystein-stray-spetalen-buys-bitcoin/ . Who also was a big critic of BTC but several days ago invested a huge amount of dollars in it. Think soon Francisco Blanch will also change the anger to mercy like that did a lot of BTC haters.

[milani]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

The article's meaning about Bitcoin and cars, especially that concrete phrase from the analyst : "A single Bitcoin purchase at a price of ~$50,000 has a carbon footprint of 270 tons, the equivalent of 60 ICE [petrol] cars" . -  It was not talked about the parallel between owing 60 cars and buying 1 BTC. But he compared the harmful impact of Bitcoin with 60 petrol cars, that their carbon footprint is the same. The other moment is that there are really lots of more harmful things than Bitcoin and different analysts like this one do nothing to minimise the harmful impact of that directions.

[Trinx01]

I wouldnt mind buying 60 cars even though I have the money on me, and the calculation of him with regards to 1BTC is just buying 60 cars is wrong, maybe 5-10 cars are only available for  1BTC as of its value nowadays. For a fast transaction, I am still into Visa or in a real-life system well we can't deny that cryptocurrency is the only alternative for that.

[imstillthebest]

is that a compliment ? where he thinks that btc value can grow more in price for a 1 btc owner to afford 60 quality cars but why wait long when you can buy a 1 good quality car with 1 btc .
we have bitcointalk member that bought tesla car with 1 btc  .
he tries to destroy btc by comparing btc to other things but thats not enough because btc have an advantage over the things that he compare other than disadvantages

[Pom_bensin]

I don't think Francisco Blanch can or don't understand what bitcoin really is, for the consumption of resources it is a drain on energy I don't think that's a very good statement. bad idea he is very inappropriate, he only sees the negative side of bitcoin is not a positive side. So the issue raised by him I don't think will ever work.
but for 1 btc problem is the same as having 60 cars it is real in my country, it can even own 100 cars. yes, but a used car

[TangentC]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

Technically buying 1 bitcoin = 1 brand new Jeep  .
Both about $50000

[TribalBob]

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

1 btc is not for 60 cars i guess
1 btc can only be used to buy 1-2 cars in my country, it was priced at BTC 60k $ yesterday,
where do you live OP? very cheap if you can buy 60 cars with 1 BTC

[Cling18]

If I meet him, I want to say that he should sell all of his bitcoin if he owns bitcoin and never dealt with bitcoin and leave bitcoin alone because I am sure people who benefit from bitcoin will still use it.

If 1 bitcoin is like about 60 cars, how about people who own more than 1k bitcoin? They really have a hundred car in their garage, and they should have a big parking yard for their car

Lucky are those who accumulated and bought Bitcoin at a cheap price. I'm sure that they're Billionaires now. Risking in crypto is really worth taking. A person with at least a single BTC has the security of financial freedom in the future. I just hope that we could all have the chance to buy at an affordable price soon.