Topic: Buying 1 BTC is ‘like owning 60 cars? (Read 638 times)
I think that bitcoin as a currency now is not the best choice, but the best if you want to get a high profit when investing. This is the reason why I still continue to hodl btc on my cryptocom and ownr wallets.
Am sure he didn't take into account the fact that owning one btc is lot much safer than buying 60 cars that will stress you out because of safety reasons, between depending on the type of cars he intend to buy with that money, there is no way he will get 60 classic cars with one btc, i will rather have one btc that has a bigger possibility to grow even bigger in the future than buy 60 cheap cars that will lose value in time.
Cars are terrible value. The minute you start the key and move it out of the showroom you lose 50% of the value. More as you use it. In fact, everything else you buy almost is worth less and less as you keep it, except luxury items which you have to pay to protect and maintain.
Bitcoin has steadily appreciated over time, and yes, other assets like gold too but also you pay for security and custody:)
60 cars with one Bitcoin is highly hilarious but it may be true if you are buying a toy car and not real cars, I will prefer to own one bitcoin than owning 60 car because bitcoin is an asset but a car is a liability.
what do you mean by saying owning 1 bitcoin is equal to owning 60 cars, are you a bitcoin hater, so you dare say that, so you compare owning 1 bitcoin to owning 60 cars, maybe you mean because bitcoin consumes more energy and is not environmentally friendly compared to car,
Am sure he didn't take into account the fact that owning one btc is lot much safer than buying 60 cars that will stress you out because of safety reasons, between depending on the type of cars he intend to buy with that money, there is no way he will get 60 classic cars with one btc, i will rather have one btc that has a bigger possibility to grow even bigger in the future than buy 60 cheap cars that will lose value in time.
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
In the country where I live, you can buy 40 to 50 cars with almost 1 bitcoin.
But I can introduce you to a country where the value of 1 bitcoin is more than 60 cars.
Afghanistan + Pakistan + Iran, domestic cars are very cheap.
We do not expect 60 Land Cruisers and Chevrolets with 1 bitcoin.
Maybe we can have 60 of these 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
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
You are bumping thread and reply on almost 3 month old post without at least read a few posts on the first page. It's not about how many cars you can buy for 1 BTC, but about comparing buying 1 BTC which is equated with a carbon footprint of 60 petrol cars. See my post here.
@DdmrDdmr could again make new statistics
Lucky are those who accumulated and bought Bitcoin at a cheap price. I'm sure that they're Billionaires now.
Perhaps some of them, I know that those who kept their BTC on Mt.Gox are certainly not that lucky, and many others who have lost their private keys in various ways.
A person with at least a single BTC has the security of financial freedom in the future.
It depends on where that person lives, because for someone even today 1 BTC is a real treasure - for someone else it will not solve all life's problems even when it is worth 5 times more.
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
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.
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
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
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
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
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
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
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
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
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.
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
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.
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.
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.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
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.
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.
Lmao
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
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.
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 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
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.
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. Jump to: