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Title: ..... and .... a quarter billion dollars worth Post by: DeathAndTaxes on February 09, 2013, 04:20:48 AM http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true
The value of the Bitcoin money supply exceeds $250,000,000 USD for the first time. Title: Re: ..... and .... a quarter billion dollars worth Post by: n8rwJeTt8TrrLKPa55eU on February 09, 2013, 04:41:07 AM Only thing nicer than counting in millions...is counting in billions and trillions. Must. Start. Practicing.
http://www.youtube.com/watch?v=HZmafy_v8g8 Title: Re: ..... and .... a quarter billion dollars worth Post by: Stephen Gornick on February 09, 2013, 04:56:43 AM The value of the Bitcoin money supply exceeds $250,000,000 USD for the first time. A quarter billion here, a quarter billion there, pretty soon you're talking real money. :) Now what I'm waiting on is for some merchant to credit Bitcoin for them having a really good quarter. Dwolla was what I figured would be the first to do that but they've since distanced themselves from Bitcoin. Maybe a ZipZap (a service BitInstant uses) or something like that. Title: Re: ..... and .... a quarter billion dollars worth Post by: Hexadecibel on February 09, 2013, 07:51:16 AM Title: Re: ..... and .... a quarter billion dollars worth Post by: jerfelix on February 09, 2013, 08:15:56 AM http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true Thank you for not referring to it as "Market Cap".The value of the Bitcoin money supply exceeds $250,000,000 USD for the first time. Title: Re: ..... and .... a quarter billion dollars worth Post by: misterbigg on February 09, 2013, 03:28:42 PM Thank you for not referring to it as "Market Cap". I hear people do this all the time, why is it inaccurate? Title: Re: ..... and .... a quarter billion dollars worth Post by: DannyHamilton on February 09, 2013, 04:12:30 PM I hear people do this all the time, why is it inaccurate? Market capitalization represents the public consensus on the value of a company's equity. Bitcoin is neither a company, nor does it have any equity.Title: Re: ..... and .... a quarter billion dollars worth Post by: DeathAndTaxes on February 09, 2013, 04:15:56 PM Exactly. When measuring the Euro money supply in dollar terms nobody (and I mean NOBODY) would say something as idiotic sounding as "the market cap of the Euro is $xxx trillion USD". Likewise market capitalization isn't used to refer to the value of all gold (gold supply) either. It is simply a completely wrong term that for some reason has stuck.
http://en.wikipedia.org/wiki/Market_capitalization Quote Market capitalization (or market cap) is the total value of the issued shares of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a (proxy) proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Preferred shares are included in the calculation. Title: Re: ..... and .... a quarter billion dollars worth Post by: misterbigg on February 09, 2013, 04:48:29 PM Market capitalization represents the public consensus on the value of a company's equity. Bitcoin is neither a company, nor does it have any equity. What is the meaning of comparing Bitcoin's total value in dollar terms against the market capitalization of equities? For example, saying that Bitcoin is only as large as a micro-cap stock? What does it mean to compare Bitcoin's total value against the total above ground value of a precious metal (gold or silver)? Title: Re: ..... and .... a quarter billion dollars worth Post by: cypherdoc on February 09, 2013, 04:58:46 PM Market capitalization represents the public consensus on the value of a company's equity. Bitcoin is neither a company, nor does it have any equity. What is the meaning of comparing Bitcoin's total value in dollar terms against the market capitalization of equities? For example, saying that Bitcoin is only as large as a micro-cap stock? What does it mean to compare Bitcoin's total value against the total above ground value of a precious metal (gold or silver)? stop asking questions and move along. ;D Title: Re: ..... and .... a quarter billion dollars worth Post by: Stapleddiet on February 09, 2013, 05:50:40 PM At times this forum is really worth watching.
Title: Re: ..... and .... a quarter billion dollars worth Post by: sublime5447 on February 09, 2013, 06:19:40 PM Enjoy it while it last.
Title: Re: ..... and .... a quarter billion dollars worth Post by: bbit on February 09, 2013, 07:01:59 PM <---- ;D
Title: Re: ..... and .... a quarter billion dollars worth Post by: evoorhees on February 09, 2013, 08:22:58 PM I agree "market cap" isn't the proper term, technically. But I admit I use this term all the time. We need a better term if we can't use this one.
Title: Re: ..... and .... a quarter billion dollars worth Post by: misterbigg on February 09, 2013, 08:27:09 PM Previous troll posts aside, when I discuss Bitcoin with others who are less enthusiastic about cryptocurrencies, there is inevitably a discussion of the total value of Bitcoins in circulation (quarter billion USD at this moment) relative to the "market capitalization" of other equities. Is this a valid comparison? If so, what conclusions can be drawn? If not, why is it invalid?
I'd like to have an intelligent sounding answer when these topics come up. Title: Re: ..... and .... a quarter billion dollars worth Post by: Melbustus on February 09, 2013, 08:30:03 PM I agree "market cap" isn't the proper term, technically. But I admit I use this term all the time. We need a better term if we can't use this one. Maybe something like: "Aggregate Fiat Valuation" (AFV for short)? Title: Re: ..... and .... a quarter billion dollars worth Post by: Killdozer on February 09, 2013, 08:31:59 PM In your face, people who whined about early adopters with it was 3$/BTC for months...
Title: Re: ..... and .... a quarter billion dollars worth Post by: Melbustus on February 09, 2013, 08:35:39 PM Previous troll posts aside, when I discuss Bitcoin with others who are less enthusiastic about cryptocurrencies, there is inevitably a discussion of the total value of Bitcoins in circulation (quarter billion USD at this moment) relative to the "market capitalization" of other equities. Is this a valid comparison? If so, what conclusions can be drawn? If not, why is it invalid? I'd like to have an intelligent sounding answer when these topics come up. The literal term "market capitalization" is not really incorrect, but the fact that the term is universally applied to equities makes it confusing to apply to bitcoin (or any currency/commodity) as well. The problem stems from equity valuation (market cap) being understood as the net present value of future earnings plus net current assets. That does not map to bitcoin. Title: Re: ..... and .... a quarter billion dollars worth Post by: minorman on February 09, 2013, 10:59:49 PM Plenty of room to run:
http://demonocracy.info/infographics/usa/us_debt/us_debt.html Title: Re: ..... and .... a quarter billion dollars worth Post by: phelix on February 11, 2013, 04:03:55 PM I hear people do this all the time, why is it inaccurate? Market capitalization represents the public consensus on the value of a company's equity. Bitcoin is neither a company, nor does it have any equity.Why should it not be possible to extend the concept of market capitalization to something that is not a company? Number of stocks * stock price ----> number of coins * coin price I think we will have a hard time coming up with something even remotely as easy to understand. Title: Re: ..... and .... a quarter billion dollars worth Post by: Piper67 on February 11, 2013, 04:18:59 PM Market valuation would work
Title: Re: ..... and .... a quarter billion dollars worth Post by: BitcoinRate.com on February 11, 2013, 06:17:58 PM Title: Re: ..... and .... a quarter billion dollars worth Post by: Peter Lambert on February 11, 2013, 07:00:15 PM http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true The value of the Bitcoin money supply exceeds $250,000,000 USD for the first time. Is this figure before or after subtracting out all the known lost coins? |
