Bitcoin Forum

Each coin currently would be worth around $10,075.00 give or take, that is if my numbers are right. Some food for thought...

From nasdaq.com, market cap  = $ 134,103,889,989 so it's $6385.9 per coin. How did you come up with $10k?
Bitcoin market capis it about $11b which is about a 12th of Facebook, that's interesting!

There are only 12 million bitcoins in circulation.  Divide by 12 not by 21.

Ive never been good at math but if there is 12,216,650 BTC currently and the market value in USD is at $10,243,599,942.00 thats a current market value of $838.49 per coin. If the Market value increased 13X to the size of Facebook just do $130,000,000,000.00 and divide by the total bitcoin in circulation it should come out to $10,641.21 which is why I said give or take...

BTC economy as of today:

Total BTC   12,216,650 BTC
Market Cap
based on latest prices
10,243,599,942 USD
or 7,745,356,100 EUR
or 31,338,517,080 PLN
or 6,792,530,822 GBP
Transactions
last 24h
51,948
Transactions
avg. per hour
2164.50
Bitcoins sent
last 24h
721,076.83 BTC
Bitcoins sent
avg. per hour
30,044.87 BTC

i'm not sure why or how comparing it to facebook makes any sense. bitcoin is not a corporation or company.

Well lets see here, Facebook again has the market value of 130+ B. Much of that money comes from people wanting to do a thing called investing, they do this to make money. Are you with me still? These investors have valued the company at 130B which I think is crazy, I hate Facebook and if I could put a value on it id say $5B, seems a bit more appropriate and this is just ONE COMPANY. Like you said yourself bitcoin isn't a company, its much much larger than that.

you can't step to this dudes... Try me

Interesting concept you have there but I again don't see much of a relation in comparing Bitcoin to fb  :)

well, no shit it's an investment. but one's a corporation, and another is a store of value. you don't see anyone comparing gold to facebook, do you? look at you, throwing arbitrary numbers (based on nothing) for what facebook is worth.

Facebook has no inherent value. The only way Facebook has value is if people accept it as a way to interact with others. It is just a bunch of ones and zeros that cannot be used as jewelry and is not backed by the full faith and credit of the government.

Yet it has value because people use it, it has reached the point where the network effect has created such value.

If Bitcoin were to have as many users as Facebook the value would certainly be justified. But Facebook is a social tool, Bitcoin is a currency which has more economic value so it would likely be worth much more with the same amount of users.