I can see them hitting Europe sooner than we think especially with VW owning a huge part of JAC Motors
Yes, looking for to that. Specially with the new cars theyāll be showing soon. The Sedan would definitely be a major hit in Europe or even hatchback/estate.
Time will tell.
Just had a few upgrades also
4 January 2021 - CICC Analyst Jing Chang : $60
5 January 2021 - Daiwa Securities Analyst Kelvin Lau : $70
6 January 2021 - Credit Suisse Analyst Bin Wang : $65
Thanks for the info Cashurkash.
More reasons to think its worth investing. Long term hold.
At this point the 50p coins become art/relics which is an asset of itself we wonāt get into.
Gold and silver have intrinsic value though as theyāre used in society in our phones, computers etc. Bitcoin doesnāt have intrinsic value.
I just canāt find any reason that makes it a logical investment. All the facts and figures surrounding Bitcoin are self driven, self propelled, and stuck within Bitcoins own ecosphere. As opposed to being an asset with real value and utility.
I want to invest in it, but I just canāt see how it wouldnāt be gambling.
And private digital assets (commonly known as digital currencies) have a potential huge political risk. Governments could ban or restrict the private DC, like China does.
Various Central Banks are testing CBDC and blockchain, when they come to reality, the private DC could simply be banned by the countries. More faster if the private DC became too big and threat the monetary sovereignty.
Digital currencies also have security riskā¦
Itās because itās a digital assets mate you canāt get your head around it
If by āyouā you mean everyone collectively, then yes I would agree. That is the issue. There is no fundamental driving force, logic or arguament that I can find that indicates Bitcoin as a sensible long term investment.
Or even like the US did with Facebookās crypto. Regulations came crashing down hard there.
Hahaha your arguing with yourself about it lol I love it and use it daily and send friends and family money via it as itās cheaper faster and when cashing it out you can stick 3% on top again so quids in
Thatās the thing with btc. It canāt be stopped
Canāt be stopped or wonāt be stopped? If countries ban its use, acceptance or go one step further and revert to it being money laundering we could all face having our crypto seized as a state asset.
Just because they havenāt done it doesnāt mean they canāt do it.
The block chain already links the crypto to you as a person now which it didnāt before, this gives government bodies the ability to track and trace. This then means they can seize it as an asset as they can with any other asset.
Thereās means and ways to navigate all that stuff using tumblers etc. I had my bank accounts closed for buying and selling btc here in the uk stating that I was money laundering so it most certainly is happening here already
And it canāt be stopped because of the blockchain. Itās been attempted lol
Ah nah, arguing with the logic. I just simply canāt find any logic or reason that says its a good investment opportunity. Figures on itās use arenāt really a good reason if itās a self driven, self propelled machine. Thereās no fundamental logic behind it so therefore no fundamental logic to expect it to continue. It seems all arguments people have for Bitcoin have been created by Bitcoin and are contained within the Bitcoin ecosphere. As I said, itās like itās acting as judge jury and executioner; or similar to how the Bible folk say that the Bible is true because it says so in the Bible.
If somebody could show me some reason that backs Bitcoins growth, Iād be all over it. As the gains seen recently are huge. Illogical and insane and without reason. But huge.
Theoretically it can be forked and the fork becomes the new blockchain. Extremely unlikely, but that would be one way of stopping it.
Love this quote
You can create a fork but the original blockchain is still there as it is now after a few hard forks already.
There is no single entity that controls Bitcoin so there is no judge jury and executioner involved. Anyone can download a bit of coded software and run the script to mine btc and transact with it. Itās simply a public ledger of transactions between addresses. You preform a transaction and it replicates it to everyone thatās connected on the blockchain.
Hope this helps;
https://codeburst.io/the-science-of-bitcoin-explained-in-the-simplest-way-1d2957c794e3
Personally and I donāt want to create any animosity in saying this but, the bible is stories from way back when and none can be confirmed as being true. People believe itās true but thatās their own beliefs. If it was on a blockchain it could be verified
I know itās unowned, but I was trying to make an analogy to the majority of arguaments for holding Bitcoin seem to be self generated from Bitcoin. As in, I could make a new crypto in the morning and say ālook! There are only 100 coins in circulation, so theyāre worth 1 million each!ā Likewise, the supply and demand is self driven for no reason, so thatās what I mean by judge jury and executioner.
Iām well in the know about Bitcoin and blockchain too! I work in a tech based job and have dabbled myself in some blockchain coding. And donāt get me wrong, I do love Bitcoin as a concept. The part that Iām having trouble with is Bitcoin as an investment opportunity. Should this be a tech forum and not an investing forum, my conversation would be much different. I love the tech.
Letās not go there Cryptojesus.
The point Iām making again is fundamentalist Christians are often cyclical in their arguaments. āthe Bible is true because it says so in the Bibleā. Bitcoin as an investment is the same. It has no intrinsic value like gold backing it, so saying it has value because of itās scarcity is fairly cyclical thinking. Just because something is rare doesnāt make it valuable.
amen to that
Well itās a store of value not an investment opportunity. People see the opportunity in what it may go to with the scarcity, supply and demand.
I lost over 6 figures buying into one of those pumped up shit coins and could never get out of it.
Itās a disruptive fin tech thatās for sure
This is what Iād be more inclined to agree with. But even with that, I still canāt bridge the connection as to how it is a store of value. Gold is the traditional store of value and is used everywhere in society so that makes sense. Real estate is another store of value, and of course we all need houses. I canāt see why Bitcoin would be a store of value if it has no utility. Sure - it can P2P transfer wealth, but so does Revolut with a more stable currency. And soon banks will have instant fiat transfers either on or off blockchain, rendering Bitcoin with no utility at all. I just canāt make the connection in my head as to how itās a store of value when it has no intrinsic value and nothing backing it (other than the time and electricity took to mine it).
If I was to back a cryptocurrency it would be ethereum as that does have a solid use case and decentralised apps will likely be run on that in future.
Ouch. Sorry for your loss!
Wasnāt a loss it was an amazing and very expensive education that didnāt involve spending 3 years doing a Masters or PHD!!
Think youāll enjoy this explanation
Beyond price appreciation the industry agrees on very little. Crypto has always reminded me of the parable of the blind men and the elephant. Several blind men come upon an elephant and as each touches a different part of the animal ā the trunk, the legs, the tail, the side ā he believes it to be something different ā a hose, a tree, a rope, a wall. So it is with cryptocurrencies and blockchain technology.
These products promise something different to everyone who encounters them. To some, crypto is about scarcity: a form of digital gold. To others, crypto is about openness: the ability for anyone to build on and contribute to and use these products without permission. For others still, itās censorship resistance. Privacy. Micropayments. Global, cross-border assets. All of us blind men are holding onto a separate feature of the technology and insisting it represents something different.