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Title: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: The Fool on February 22, 2013, 12:28:50 PM There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.
http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22 We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it? Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: Peter Todd on February 22, 2013, 12:31:07 PM Bitcoin's almost higher than the number of days in ANY month!
!!!!! Market cap isn't very meaningful when the money supply - the non lost coins - isn't known. Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: The Fool on February 22, 2013, 12:33:02 PM Bitcoin's almost higher than the number of days in ANY month! !!!!! Market cap isn't very meaningful when the money supply - the non lost coins - isn't known. It's still value that could be retrieved by their owners at any time. People have losted stock certificates before and recovered them decades later. Stocks can become just as illiquid and lost. I am sure there are Google and Apple stocks stuck in Trusts. Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: dree12 on February 22, 2013, 10:35:19 PM Bitcoin's almost higher than the number of days in ANY month! !!!!! Market cap isn't very meaningful when the money supply - the non lost coins - isn't known. Market capitalization is by definition an upper bound. That's why I hate it when people call it "monetary base"—market cap can estimate monetary base, but they aren't one and the same. Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: ElectricMucus on February 22, 2013, 10:39:15 PM There is more money in bitcoin than a majority of the individual companies listed on NASDAQ. http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22 We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it? Stop spreading myths. It's counterproductive. Thank you click here (https://bitcointalk.org/index.php?topic=144170.msg1528975#msg1528975) for the rebuttal Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: xxjs on February 23, 2013, 12:46:14 AM Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Which is totally irrelevant Quote There is more money in bitcoin than a majority of the individual companies listed on NASDAQ. There is no money in bitcoin, bitcoin _is_ money. Quote http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22 We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it? This is not capital. It is the value of a bitcoin in dollars multiplied with the monetary base, as expressed by a few trades around the equilibrium. If every owner of bitcoins sold all their holdings, how many dollars would they get? What would the buyers do with the bitcoins? What is the value of all the dollars, expressed in something else like euros? These questions are nonsensical. It still feels good, I agree. Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: byronbb on February 23, 2013, 12:53:46 AM There is more money in bitcoin than a majority of the individual companies listed on NASDAQ. http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22 We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it? Stop spreading myths. It's counterproductive. Thank you click here (https://bitcointalk.org/index.php?topic=144170.msg1528975#msg1528975) for the rebuttal Counter productive to what exactly? Title: Re: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... Post by: ElectricMucus on February 23, 2013, 12:56:38 AM There is more money in bitcoin than a majority of the individual companies listed on NASDAQ. http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22 We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it? Stop spreading myths. It's counterproductive. Thank you click here (https://bitcointalk.org/index.php?topic=144170.msg1528975#msg1528975) for the rebuttal Counter productive to what exactly? Credibility of Bitcoin, rationality, mental health of the community, everything pretty much. You question is kind of funny actually, now why would you purposefully spread myths? I can't think of a reason. ::) |