What I mean is, how does any of that give bitcoin any of its "value?"
Blockchain is Dangerous Nonsense
- Thread starter Frederick Foresight
- Start date
Cute, I like your humor. I will have to talk to Baron about changing my name.
The good thing is that whenever he finally gets it, or is forced to get it, or governments start backing their currency with bitcoin so he is actually now indirectly using it, he can look back at these postings and shake his head, just like I had to do as I outlined the other day. Its so amazing to see what my hangups were and my thought process. It was actually quite rational in some respects because I was worried about government intervention. But once I learned how Bitcoin is bigger than any government, all the FUD began to melt away.
Same goes for @deaddog . These guys are probably half decent traders and are extracting money from the markets so they aren't impacted enough yet by the failing currency. But in time....
Don't worry about it
Bitcoin has no earnings, so how does one value it, no PE ratio, so how is it in a bubble?
If one could value a horse and cart and value a high tech automobile for example in today's Singapore, accounting for inflation, is the automobile in a bubble?
Singapore charges $120,000 to own a car
In this city, drivers have to pay $120,000 for the right to own a car — and that doesn’t include the car.
Chloe Whelan October 6, 2023 https://www.news.com.au/finance/sin...r/news-story/622e907c138613555bed1d63744cc647
The world’s highest car prices
Car prices in Singapore are insane! The Certificate of Entitlement (COE) needed before you can purchase a car can add 100,000 dollars to its cost. We explore why this exists & what... more
The cost to own a car in Singapore, one of the world’s most expensive cities, has skyrocketed and now costs drivers a minimum of almost $120,000.
The city-state’s 10-year Certificate of Entitlement, a licence people must purchase before they’re allowed to buy a vehicle, has hit an all-time high.
The licence now costs a record $119,600 (104,000 Singapore dollars) just for the basic option — more than four times what it cost in 2020, according to figures from Singapore’s Land Transport Authority........
If one could value a horse and cart and value a high tech automobile for example in today's Singapore, accounting for inflation, is the automobile in a bubble?
Singapore charges $120,000 to own a car
In this city, drivers have to pay $120,000 for the right to own a car — and that doesn’t include the car.
Chloe Whelan October 6, 2023 https://www.news.com.au/finance/sin...r/news-story/622e907c138613555bed1d63744cc647
The world’s highest car prices
Car prices in Singapore are insane! The Certificate of Entitlement (COE) needed before you can purchase a car can add 100,000 dollars to its cost. We explore why this exists & what... more
The cost to own a car in Singapore, one of the world’s most expensive cities, has skyrocketed and now costs drivers a minimum of almost $120,000.
The city-state’s 10-year Certificate of Entitlement, a licence people must purchase before they’re allowed to buy a vehicle, has hit an all-time high.
The licence now costs a record $119,600 (104,000 Singapore dollars) just for the basic option — more than four times what it cost in 2020, according to figures from Singapore’s Land Transport Authority........
Electricity has uses, what does electricity look like?
Digital data, radio and phone communication, radar, microwave, what does that look like?
Etc
And you believe those are requisites for a bubble?
You are such a loon.
