Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26900. (Read 26720873 times)
July 09, 2014, 11:00:26 AM
July 09, 2014, 10:47:23 AM
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255
They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
It's a very well-known fact that there is massive overcapacity in the European automotive industry - just google 'european automotive overcapacity' to see tons of stories on that. The only way to fix this problem is to shut down automotive plants, each of which provides thousands of high-wage jobs. I would not be shocked at all to find out that some European government entities were covertly subsidizing overproduction just to keep their local plant(s) open. Pure speculation, of course - but it would make a lot of sense.
July 09, 2014, 10:39:33 AM
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255
They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
July 09, 2014, 10:37:51 AM
As snopes suggests though this was a few years ago and the general automobile market has likely changed.
Yeah, now they (GM) recall more cars than they sell. July 09, 2014, 10:35:50 AM
Why don't they sell these car at discount?
Because why would you buy this years model if you can get the previous model new for a decent discount?
Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.
The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.
But often they can do accounting tricks where the cars are "sold" even when they aren't. Probably in some perverse way, it would cost them more not to make them. Plus quarterly reports may be heavily based on "items manufactured" rather than "items sold".
July 09, 2014, 10:31:11 AM
Why don't they sell these car at discount?
Because why would you buy this years model if you can get the previous model new for a decent discount?
Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.
The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.
July 09, 2014, 10:28:34 AM
Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.
Used. New cars are poor value.
Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.
Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
Why don't they sell these car at discount?
July 09, 2014, 10:16:36 AM
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
I've seen the article before and while it may be exaggerated I have seen first hand scenes like this. I visited the Rover Plant in Longbridge, Birmingham and there were always piles and piles of cars. As snopes suggests though this was a few years ago and the general automobile market has likely changed.
I have a friend who also works at the end of the line of a car manufacturing plant fixing the problems that vehicles that don't pass inspection have. He leads me to believe that sometimes if the defects the cars are manufactured with are numerous or serious enough its deemed un economical to repair and they end up in the same sort of place.
July 09, 2014, 10:08:28 AM
Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.
Used. New cars are poor value.
Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.
Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
July 09, 2014, 10:00:45 AM
Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.
Used. New cars are poor value.
Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.
Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.
July 09, 2014, 10:00:25 AM
July 09, 2014, 09:58:13 AM
No Aston Martins, Ferraris, Maserati or Lambo's. I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin
Love my TDI but I've just about run it into the ground. Time for a refresh. I won't use my stash though. It would have to be a buy BTC then spend.
July 09, 2014, 09:56:20 AM
Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.
Used. New cars are poor value.
July 09, 2014, 09:54:35 AM
The ISIS association was big news apparently.
The ISIS thing is a big thing in the MSM, there is something about it even in the smallest newspapers today.
Dont worry ISIS may not bother with bitcoin - as they now have their own ISIS coin listed on mintpal.
I dont see why ISIS is big news for the same reason as I always end up explaining when we get the money laundering, international drug dealer arguments.
Just look at the numbers in terms of liquidity, market cap,volatility and volume. What drug dealer, money launder or terrorist can operate at any significant figures in the BTC market? The head of ISIS is worth $1.2 billion even if he wanted to deal with $50mm in Bitcoin, where in the world can he buy that much at a spot price? Where can he then transact that and convert it back to $ in a timely manner and without loosing money ? If they want to use BTC as a store of value I dont mind that at all
but for general terrorist transactions the market is nowhere near big enough. 
July 09, 2014, 09:21:34 AM
The volume is pathetic and beyond
(just as before the bubble bobble)
(just as before the bubble bobble)
July 09, 2014, 09:19:11 AM
ya this is fucking good news
I love it!
http://timeli.info/item/2026120/r_bitcoin_on_Reddit/Car_Marketplace_Beepi_Now_Lets_You_Buy_Cars_With_Bitcoin___NEWSBTC
go Beepi
Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.
Though have never heard of this company at all in any manner.
No Aston Martins, Ferraris, Maserati or Lambo's. I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin
July 09, 2014, 09:05:59 AM
If it were a mother giving birth.... I would be shouting "PUUUUSSSSHHHHH, GO ON PUUUUSSSSSHHHHH I CAN SEE THE LITTLE FUCKERS HEAD"
Then I would take some of the oxygen myself, and tell her that hervagina volume is weak - and to give it a rest 
Then I would take some of the oxygen myself, and tell her that her
July 09, 2014, 09:03:02 AM
I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.
July 09, 2014, 09:00:26 AM
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