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very nice article

If Facebook Can Be Worth Billions, Why Can't Cryptocurrencies?

https://cryptotown.io/news/if-facebook-can-be-worth-billions-why-cant-cryptocurrencies-coindesk/index.html

Cryptocurrency is the 21stcentury game changer in today's financial world. The world is waking up to to see the realities of going crypto. The crypto ecosystem can well be over hundreds of billions of dollars in value. Why not 

Bitcoin is still a growing venture. What is the difference between bitcoin and other businesses like as u mentioned facebok, is that it doesnt have limitlesa expansion, which actually is a good thing. There is a cap fixed over number of bitcoins that will ever be issued. This maintains the flow and doesnt lead to any inflation. Now this may appear as a vague comparision. But we all remember yahoo, orkut and many other social networks which dont really have a solid existence today. Thats because its such a vast industry that as soon as a new and better equipped service comes on the game, its over for the older ones.

Here in cryptocurrency market, firstly bitcoin itself is the first of its kind, secondly the anti-inflation cap is also there. These favtors will help it sustain a better position  for a very much longer time. Also its not something where people just pass their time but its an investment platform of its own kind. So definetely its going to be huge in the future, unless governemental issues dont persist.

Am I missing something here, they can be worth billions and already are. Facebook's market cap is about 450bn and cryptocurrencies as a whole is at about 300bn, that's only a 1.5x difference. I think comparing crypto to facebook is a strange choice because they're very different but if I had to I would argue it actually shows cryptos to be a little overvalued just based on numbers. It's very incorrect to draw such conclusions because they function so differently and so their values should be very different.

I think it's not accurate to compare one social network and all cryptocurrencies. And I think that main difference is a numver of users. If I'm not mistaken, Facobook have more than 2 billion registered users. How many people are using cryptocurrencies? Not sure, maybe tens of millions. Just imagine how much Bitcoin and ofher cryptocurrencies would be used by, let's say - 0.5 billion or 1 billion. Then only Bitcoin without other cryptocurrencies would be worth more than Facebook. And there is another thing - after recent scandal, Facebook are loosing it's value.

This article has a flawed premise and is explained poorly.  For one thing, social networks and cryptocurrencies are almost completely incomparable, and it seems like the writer could have picked out literally any major company and claimed that their market cap is somehow relevant.

I do agree with the assertion that different features can lead to multiple similar systems becoming popular, but this doesn't apply to currencies because retailers typically prefer that payment is simple and that the consumer doesn't have to choose between hundreds of them.

It's also tough to compare this to tokens, since many of these tokens aren't created to be an actual currency.  Many of them are made in order to raise money.

Bitcoin's market cap is now $137 billion and the crypto market cap is now $300 B and I can't even see an article on that link. It doesn't have any explanation and it's pure graph so for someone that is new to cryptocurrency he will poorly understand on what that article is all about. Don't rush, we are still in the era of early days for crypto just like those experts said that it's like the 90's of internet so people aren't still aware that this is the modern wealth that we've been waiting for.

Facebook is almost used by half of the world population which is about 3 billion users on facebook but crypro currencies are not used by that much amount of people yet so the value is less.But bitcoin is a currency and facebook is a company so how can we calculate both in terms of its value?

Facebook, Google and YouTube are all multi national longstanding companies worth billions of dollars, they have all been around a long time and concentrate on advertising and, well, social media.. Cryptocurrencies have been flying under the radar for a long time but are becoming more and more prevalent in recent times. and talking about 'billions' have you see the markets caps on the top performing coins, let alone all combined?

Facebook is a business, it's not accurate to compare it to Cryptocurrencies. However, if you actually compare Facebook's market cap (460 Billion dollars) with Cryptocurrency's, they are probably not that far apart. Bitcoin's market cap alone is 140 Billion dollars. Add Ethereum's and most other major ones and the result will probably be very close.

I honestly do not get it,  Cryptocurrencies are worth billions, see here https://coinmarketcap.com look at the traded volume the last 24 houres. Looke at the marketcap itself, sum up some currencies!
I do not think we are in a bubble! There are simply too many people involved to talk about a bubble! Sincerely, mr.dick

What kind of rock are you living under? Cryptocurrencies already have a market cap in the billions and while they all may not be worth billions at least a couple of them are. Give it another 5 years at least and then we will have I believe 10-25 projects that are worth billions (actually not market cap wise).

Somehow , bitcoin or crypto currencies and Facebook have different functions anyway. . Obviously , that the owner of Facebook is a billionaire as he counts the users , almost all people in the world . In cryptocurrencies just only those who knew it. So we can not be sure of the counting , that small difference is inaccurate thing. Besides crypto currencies or bitcoins users could Help Facebook  and Vice versa. Maybe when  crypto Will be introduced well to the people and Its growth Will continously for the next generation to come, it might overtake  also the value of Facebook. It might as well have additional kind  of social media at that time.

Facebook can help you make a profit from advertising and selling items on Facebook. It's a legitimate job. But Crypto makes you more productive when someone loses on their investments. The crypto still helps many people become billionaires, but nobody knows them because their identity is a secret figure.

Crypto is already worth billions, the question is when it will be worth trillions and i anticipate it will happen later this year. All it needs is another trigger for a bull run and the fomo factor will hit the roof. When companies like facebook release their own token, crypto will go trillions for sure

Not at all, or even just to bitcoin. Facebook is far far bigger in terms of global reach and influence. More than anything I think it just shows that market cap is not a great measure of the size of cryptocurrencies.


Entirely different, it's why they're so incomparable. If bitcoin can ever get close to the number of users that facebook has then it would probably be the most used currency in the world and $8000 would look like an absolute bargain. I'm sure eventually facebook will integrate some form of cryptocurrency but I suspect it may be their own.

But, you also highlight the difference here. Cryptos are an ecosystem and will be the backbone of many different companies across many different industries. Facebook is a singular entity.

Cryptos - depending on how you define this - will likely be worth far more than Facebook, but ultimately they not comparable at all.

right. facebook is completely different with cryptocurrency and we can not compare. Facebook is a single company and it is an extremely popular social networking site. Cryptocurrency is a collection of many companies posted on a website for investors to refer and invest in them. Although they are derived from technology, they are two completely different things.

LOL. for starters because Facebook is a company and a company has a market capitalization and it is a meaningful number for it and when you say it is worth billions it means something. but when it comes to cryptocurencies it has no meaning when you talk about their market capitalization. it is like asking why oranges are orange but apples aren't orange and instead they are green/red!

additionally because Facebook is a company which is doing something useful, it may seem silly to many but there is a big real demand for them. but for cryptocurrencies in general there is no demand apart from some traders looking to make money and there is only real demand for bitcoin and possibly for some altcoins that aren't even in the top 20 and bitcoin alone can not reach billions over night it will take time to be adopted and it will eventually get there.

Isn't this comparing apples and remote controls? Facebook is/was used by almost everyone. Sure, crypto in general could be involved in every day life for everybody at some point, but it doesn't make a ton of sense comparing the two.

Is this a post from the past?   The crypto currency market is worth billions.

cryptocurrency is a digital currency, not like facebook. facebook is the company. I think crytpcurrency already has its own value so it depends on the future. is it acceptable all over the world. now there are still many polemics that oppose cryptocurrency as a medium of exchange. whereas cryptocurrency is the future of the world. where everyone will be able to transact through cryptocurrency. hopefully the future cryptocurrency supported by all parties such as facebook banning the end of this plus google that will ban the cryptocurrenci ads in the month of June. so we all expect cryptocurrency to be supported and will have a high value for the future.

Cryptocurrency market capitalization in total is almost 300 billion dollars coins that are officially listed on CMC while the current stock market cap of Facebook is 440 plus billion USD title is a bit misleading crypto cap is already billions the difference is that Facebook alone has the largest figure for capitalization, cryptocurrency is still young as it needs tons of improvements, upgrades, innovation and useful platforms that rival the traditional, hopefully the future development will have an expanded and competent products or platforms.

I understand your point, but Facebook has massive, massive adoption. Bitcoin and crypto is well known, but not on the scale of Facebook. Let's give crypto a few more years.

Though there are so many differences between cryptocurrency and Facebook, both of these have some monetary value. And yes, cryptocurrency also can. Even I think the trend of crypto market will make the industry worth 10X more than Facebook or any other world.

Yeah I think so. I might be a hypothesis some months ago. Because at that time, definitely you can say why crypto currencies aren’t coming up. But for now, believe me everything is just going up. Bitcoins are amazingly growing and so are the other sensible and technical altcoins. They are getting so fame and that is why the prices are going up. Ultimately, this world is growing to a billionaire investment.

Cryptocurrencies are based on a technology called Blockchain. Facebook utilized the internet or Web 2.0. A day will come when the internet will be decentralized thus Web 3.0. New ideas and new startups are now emerging each and everyday that utilizes blockchains. There is no doubt that in the next few years, the cryptocurrency industry will be worth trillions.

OP go and see the market cap value of crypto currencies on CMC or other websites related to crypto currency which will provide the valuations.The value of crypto is is already in billions maybe falls little bit due to the price drop but in one or two years the price will mount huge amount.

I think facebook is a different thing compared to cryprocurrencies and we cannot compare them because it is not like you would compare facebook with YouTube that are 2 big companies wich are rivals and are not very different. If facebook can worth billions, I think anything can worth billions you just have to make it good enough. It is like that rumour ,,One man's thrash is another man's gold". For someone some rusted iron can look like junk but if you get hundreds of kilos of iron you can make money out of it. Cryptocurrencies already worth billions and I think soon they are going to surpass facebook because they are the future.

i think this is mistake comparison here because facebook is social media site which is people can interact and chats with other people around the world and people can use facebook for free and crypto can consider as digital money but crypto is clearly different than facebook so i think this is wrong comparison

Very nice article, very bad marketing lol
By the way, it looks like a counterattack made to Facebook, after a while ago Facebook banned the crypto’s advertisements on their website. As I have seen at its original source in CoinDesk, the problems that exist are defined poorly, it’s like reviewed randomly without a deep description.

God bless blockchain.

Compering Facebook and crypto is a great thing to talk about, Facebook has been in existence for a very long period of time now, so it can be worth billions, but crypto just came not quiet long. Therefore crypto is growing gradually before it reaches the time of Facebook it will worth trillion which is more than Facebook.

Yeah, the cryptocurrency market is already worth Billions. The question should be why cant cryptocurrencies be worth Trillions? To which i say they can and will. I believe Bitcoin will always be the dominant crypto as it has the first mover advantage. I think in the future, especially with the millennial generation, Bitcoin will start to cannibalize the gold market. Bitcoin is just like gold, except better in nearly every single way. The Millennial generation will very likely opt in to buy Bitcoin instead of gold.

If you think about the numbers, Facebook has 2.2 billion active users, and probably around 3 billion registered users. FB has a market cap of 466 billion USD, which means that everyone of its active users is worth around $211 (which is actually much higher than I was expecting). Currently bitcoin's market cap stands at 100 billion USD, with an estimated 10 million users transacting in bitcoin regularly. This means that each user is worth approximately $10,000. 50x higher than Facebook. Just looking at these numbers, if Bitcoin quintuples in users, it will exceed the market cap of Facebook by a good margin. And going from 10M to 50M users is much more likely than Facebook getting much bigger than it already is.

TLDR; Bitcoin will be bigger than Facebook soon.

cryptocurrency is a digital currency, not like facebook. facebook is the company. Facebook has a market cap of 466 billion USD, which means that everyone of its active users is worth around $211

base on not stable price some people here or in the world not like crypto because we need to take the risk

actually no one can regulate this because it start by it so if you regulate crypto then you only kill the sense that crypto can't regulate

another thing it run by so much conveniece now like we can use this to pay other so i think it can't happen anymore that have a stable price in the future because it's already good by now

Maybe because 1 billion people use Facebook and they show ads there?))

Cryptocurrency and social media in internet have value because of interest of user.
No user so no value. This means more value can come to crypto if more user join in the party. So for now i think facebook has more user rather than crypto so thats why the value of crypto is less than facebook.

There were both are age fellows. Bitcoins and Facebook, I think both took start in 2008 but see how beautifully Facebook have progressed. But this doesn’t mean that bitcoins are just worthless. No, if you want to check, ask any bitcoin user to give you bitcoins as gift and just see this response. You will be getting to know how important bitcoins are in this era. So yes, both made amazing progress.

Facebook has been in existence for much longer and facebook has billions of users hence the demand is high and bitcoin has only a small percentage of people using it, cryptocurrencies will be worth more but we need more demand.

There is no doubt that some cryptos will worth billions and surpass Facebook like FB did, it may take years but will not be long, what we should do is to choose those good cryptos and hold, we can expect 1000x returns in the future

Facebook has a lot of users in the world, and few users of digital encryption money!

Facebook is also very valuable and does not need to issue digital encryption to finance it!