[JohnnyB]

Originally Posted by afc wimbledon

I see bitcoin and Tesla as being exactly the same thing, a massively over valued asset based mostly on its cachet as being high tech and the markets basic lack of understanding along with a huge dose of 'fomo.

The difference between the two to me is at least with Tesla I can see what they make and so understand why the stock has some value, if only for it's patents and battery tech, with bitcoin I cannot see any value to it at all, it is supposedly a currency, but its valuation and operation is closer to gold as a precious metal only without any practical application, you cant make jewelry or electronics with it, there isnt any real downside to the 'paper' currency we have already, they are stable, work well for any legal transaction you might want to do, operate all over the world and are secure, their use is convenient as well, bank card or cheque or just a pocket full of coins it all works easily and instantly with no need for calculating value.

I cant see any need for bitcoin unless secrecy is your prime concern, you're a coke dealer, why would anyone chose to buy a car or a house or something off amazon with bitcoin, I agree you might be able too but why would you bother? it makes no sense for an instant transaction where you just have to calculate the exchange rate, with its wild value fluctuations it is impossible to do any time delayed contract negotions or escrow transactions and that makes it useless as a currancy in the long run.

You've never seemed very open towards actually considering the value of bitcoin. Maybe you should consider the possibility that you have a blind spot. There is no shortage of credible people to learn from if you approach it with an open mind.