Bitcoin Forum

Shouldnt the replacement for paper money, credit cards and banks be worth 100 times what some tech company is worth..?

Wait another 10 years. Must be patient

Just in 4years, bitcoin would breach the gaps and led

Well given the fact that this 'replacement for credit cards' is something that isn't even close to mainstream adoption and is worth in the hundred billion mark is something we should be proud of. Imagine when Bitcoin is able to propser and get to the point where it is mainstream? It'll have to have a market cap in the trillions when it gets to this point, and that's insane to think about.

Apple is also a MONSTER company too, very mainstream. I wouldn't compare the two at all, they're so different.

It sounds pretty good but it’s like comparing pears to apples.

Apple Inc. can be considered an asset, as well as bitcoin, the same way as pears and apples are fruit. But if we want to compare pears to pears it is better to compare bitcoin to other currencies, especially the strongest ones.

No. Bitcoin isn't the replacement for paper money or credit cards or banks.

A replacement for paper money, all currencies, has existed for 30 years - in the form of debit cards, credit cards, and electronic transfers.

Bitcoin is something different altogether. And it should never replace fiat currency. If it starts to threaten fiat currency, the governments will come after it. Governments aren't going to relinquish their control of their currency so easy. It's best for Bitcoin to be an alternative but not a threat.

Apple is a company and its market cap is based on the value of their company, bitcoin is a currency and its market cap is a meaningless mimic of the company market cap. this variable is not meant for comparison between different cryptocurrency or between cryptocurrency and a company!

p.s. Apple didn't get where it is over night. the adoption of bitcoin takes time.

Why would you compare Apple and Bitcoin? Apple has been there for the past 41 years and they have already built a strong foundation in the market place. Bitcoin on the other hand is around not more than a decade but has a lot of potential in the future. There are an estimated 588 Million Apple users worldwide to date(www.businessinsider.com/credit-suisse-estimates-588-million-apple-users-2016-4), and I doubt Bitcoin users are anywhere near that figure.

Why would you even compare them? It's a pointless exercise. Apple is the most valuable company in the world, while Bitcoin is a currency which really shouldn't even be measured in terms of market cap. That's like saying USD is more valuable than Apple because the amount in circulation is greater than Apple's value. It's inconclusive of anything.

Also, whoever said Bitcoin was a replacement for fiat, credit cards, and banks? Bitcoin was created to be an alternative means of payment. Whether it can render said things to be obsolete remains to be seen, though I do believe it has the potential to.

One is a company the other is a currency.
This is not even apple and oranges it's pineapples and dolphins.

Secondary, some numbers:

Apple sold 46.7 million iPhones during the quarter ended September 30, the fourth quarter of its fiscal year 2017.
Apple Has Sold 1.2 Billion iPhones Over the Past 10 Years

Bitcoin:
25 millions addresses with a balance.
275 million transactions since start.
3-400 000 transactions per day.

Basically , Apple is selling 1.2-1.5 phones for every tx that is made in the chain.

And, that is just phones!!!

well, you still didn't get that bitcoin is a bubble? it will blow anyway, just a matter of time.

If the pace goes on, BTC will beat every family companies out there..

Really? Then what are you still doing here? I wouldn't expect such attitude from a Sr member.


Just wait until BTC is as old as Apple and you'll see its real value. Apple has been created in 1976. That's over 40 years! Bitcoin has been invented 8 years ago and it wasn't promoted in the media in any way. No commercials, no banners. It became well known since the Gox fiasco in 2014 which correlated with the opening and closing of the Chinese markets.

Look at Apple at 7 years old. In 1988!

http://allstarcharts.com/wp-content/uploads/2011/10/10-6-11-AAPL1.jpg

Bitcoin is still a baby and growing far beyond the rate that Apple grew.