Bitcoin Forum

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  ???

Value is a subjective thing.

A product is worth as much as the market is willing to pay for it.

I see nothing wrong with that to be honest.

One is a method to get a cab a bit quicker than normal, the other is either going to change the world or disappear in a puff of C++. A slightly harder sell.

And what is wrong with this picture ? =)))

http://www.todayszaman.com/news-350106-taxi-drivers-in-europe-go-head-to-head-with-car-hire-app-uber.html

But honestly , does anybody have a graph or some usage statistics for this app?

The only things I find are about the protests.

Uber allows a common man to use its service really really easily.

Compare that with bitcoin...to make simplest of transaction, some bit of understanding is required.

Just a comparison!

Don't quite understand the 'versus' thing, because you compare two quite different things. Why not 'french fries vs Statue of Liberty'?

Bitcoin is at its beginning, the market cap is low compared to Uber right now but in few years I'm sure it will be higher even than the Apple's one.

Uber is overvalued but some would paint the same picture of bitcoin
Not clear that this comparison makes any sense though other than to illustrate that utility drives value and that our own value perceptions can vary 360 degrees

Web applications, is in a huge bubble right now.

uber should accept bitcoin as an alternate payment method

Retweet this maybe it will happen! https://twitter.com/apicoin/status/476902343678902272

Off-topic post below

360 degree variation is no variation. You end up where you started. Technically  ;)

That's crazy, how can a taxi application be valued at $18 billion USD? It doesn't take a genius to create an application like that.

Why haven't you done it first?

It's an application that generates money in case you don't know how it works.
They've re installed their 20% commission and as well as a tax of 1$.

What if this api would be used worldwide instead of 38 countries?

Think that this will replace the thousands of taxis in all major cities.
We are talking in this case alone on a number of close to 1 million cars. 10 rides a day and you've got 3.65 billions a year in revenue.

Because people are stupid and if it doesn't say "Legal Tender" they think it's not real.

It's easier to sell an iPhone app @ $10 than it is to give away free Bitcoin.

If you some one to practice giving free coins to  :P

What exactly would be wrong with that?

Think. Harder.

Here is a hint:

Market cap is the collectively assigned value of an investment item by all market participants.

To mankind, the value of cryptocurrency should be 10s, 100s, if not 1000s times bigger than a taxi app, not a 46%.

You are comparing apples vs oranges.

Urber is a company with revenue and (hopefully profits in the future).

Bitcoin is a "currency" and a method of transmitting money.

Over time as more of the public adapts bitcoin the price and market cap will increase. 

Totally agree with ShakyHands on this one.  These are two different animals entirely and can't be compared soley on the merit of current market cap.  Can't say for certain but I'm relatively sure the taxi app doesn't/didn't have nearly the kind of VC money flowing into it that BTC has.

You have spent too much time on bitcoin and lost contact to reality ;). Besides that what really counts are not absolut values but the speed of growth. If you think of the value when bitcoin was created, it's value was 0. When you take the ratio of a chewing gum to bitcoin back then (10 Cent / 0 Cent = Infinity) you see how stupid this comparism is ;)

Does anyone have a comparison on the number of people that use Uber vs. the number of people using BTC?

Uber is revolutionizing urban transportation!

This doesn't seem out of line at all. Uber is a great idea that is already catching on like wildfire.

Plus investors in America are free to speculate on a company like Uber while it's not easy at all for investors to speculate on bitcoin yet. Maybe when that ETF gets listed on NASDAQ.

The market participants already assigned the value as you have stated here.

Not what you think both are worth.

This figure would not be entirely relevant. You would need much more data to help understand each's value.

For example if each person that uses bitcoin only buys once per week and then buys a coffee with it and the coffee shop instantly sells the proceeds on coinbase, while each Uber user uses Uber every day both to and from work. Granted this is an extreme example, but the point is you would need to know how much the average person uses each.

Even with this information you would not be able to make an apples to apples comparison as bitcoin does not generate any revenue while Uber does.

Uber is a transport enterprise or technology enterprise. In order to get answers they have to go to court. Bitcoin is not recognized as a means of payment!

Would be interesting indeed, I search and find the number of ride vs the number of bitcoin transaction in bitcoin :
http://www.businessofapps.com/data/uber-statistics/ = 2 billions of ride in 2017
 https://www.quandl.com/data/BCHAIN/NTRAN-Bitcoin-Number-of-Transactions = +/- 90 000 000 of transactions in 2017

Is there a nice day, we can use bitcoin to pay uber not to! I highly expect bitcoin to pay for services.

Is there a nice day, we can use bitcoin to pay uber not to! I highly expect bitcoin to pay for services.

For me maybe because a lot of people are subsrcibing to uber because it is a income opportunity. For those who have cars specially. An extra income is seen by this people who subscribe to Uber. A lot of people can now afford to buy cars, and extra income to subscribe to Uber is a opportunity. Hope that we can tie-up to Uber to accept Bitcoin as payment.

yes uber is a service application engaged in the field of transportation services. while bitcoin is the digital currency. my opinion when uber apply the use of bitcoin on payment is very good.

I think the picture is true, because uber has been known all over the world, and people around the world have almost used this uber service, but for bitcoin that I think has a great prospect, but not everyone in the world knows it , so this is the superiority of uber in comparison to bitcoin, here's my opinion on this

Value is a subjective approach which can be twist to any direction but at that the level if the value of a thing is determine by it usage and coverage, as you know bitcoin is a currency but uber is just a taxi app while bitcoin can be use to carry out transactions uber on the other hand is restricted to only it area of operations.

Number of rides and number of transactions are interesting, but they don't tell us anything about an even approximate number of people who use them. There are about 28 million bitcoin wallets and it is supposed that there is approximately 1 wallet per person. As for uber, I found out the information that they currently have 75 million riders. This means that uber has 2.5 times more users than bitcoin. As for market capitalization, btc has 150 billion, while uber is evaluated for 72 billion dollars. Quite interestingly, it makes bitcoin worth about 5 times the value of uber if we take into consideration the numbers of users.

I do not understand why to compare bitcoin with uber? Is this a similar business? Lol. Uber's capitalization has its limits. I don't believe self-driving cars will make this company rich. I don't trust drones and never get in a car like this. Bitcoin has no capitalization limit. The popularity and capitalization of bitcoins will grow in proportion to the government's attempts to tighten control over our money.

Uber is a well-known taxi company. Currently, bitcoin is used more than credit cards in developed countries. If uber is using bitcoin it is great. Uber will attract more and more customers. Bitcoins are also becoming increasingly popular across all services.

Bitcoin is only at the beginning of its path, Uber is a fully functional product. The capitalization of bitcoin has a huge potential and in the future can be measured in billions.

You compare incomparable things. It's like comparing God's gift to an omelet.There are companies whose capitalization has reached a much higher level. For example Apple/ she's capitalization 904,61 billion.It Facebook, Amazon, Microsoft, Johnson and Johnson, General electric, etc. This list can be continued still very long. I do not understand why you compare bitcoin with HUBERT?

im guessing that your questioning how come uber the taxi app has a larger marketcap compare to bitcoin
the answer is quite obvious uber is part of a normal ,average and even to some important people's lives,
almost everyday people use this app as means of transportation
while bitcoin on the contrary has a small percentage of community using it as per date

Whos hubert?lol OP compared transfortation against currency,what about now or today?maybe OP sees how is the difference tween this two.after four years of comparisons now we're seeing the outcomes


In some countries uber has taken over by Grab this means some of their businesses are beinh drowned of economy.

Ahaha look at this chart when Bitcoin grows! Of course, at this point around the world, people are more and more likely to use Uber than cryptocurrency. and ecли take the calculation that bitcoin to visit has gained its maximum, gives at once everything becomes clear.

This is 2014 chart But we are all live in 2018.
1. Uber market cap is  51 billion .
2. Bitcoin market cap is 152 billion.
So everything is depends on demand currently cryptocurrency is rule the entire market so no one compare to the Bitcoin market cap.

I think that you do not understand Bitcoin or Uber, something between these two. Your point of thinking is only on market capitalization and not on innovative and disruptive technology that is behind these two. We can compare Bitcoin and Uber because they both are disruptive in their fields. Bitcoin disrupts banks system, Uber disrupts taxi system. Here is definition on what disruptive actually means from Wikipedia - "Disruptive innovation is a term in the field of business administration which refers to an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products, and alliances." Do you understand now how these two are comparable?


Monalia, thanks for information about Uber market cap... In 2014. we can see that Bitcoin had lower market capitalization than Uber. Now in 2018. Bitcoin have higher market capitalization than Uber, which is logically to me, Bitcoin have so much larger market to disrupt when is Bitcoin compared to Uber.

Cabs are more readily needed by the population.
Not all are willing to put up time and effort to bitcoin which may seem complex to them.
In 2014 at least.

I think it  would hard for them to determine or gather data who are using Bitcoin cause we all know that Bitcoin is anonymous unlike Uber it's all documented so it is easy to get the number of their member. But if we're going to determine which is popular I think bitcoin is more ahead in terms of income.

I am really shocked in what capacity this comparison is just made. Who wants to get a comparison between a transport company and a payment method? This is so foolish at his end to even talk about and quantify the difference between them. But yes, if the question were to whether bitcoins are being used in umber as payment method then it was okay but not like this.

there are still many big companies that have much higher capitalization than UBER, why you can compare UBER and Bitcoin? I think UBER-based apps have limited users in every country and not all countries are comfortable using them. In addition, the difference between UBER and Bitcoin is very different, UBER is only a technology-based application that facilitates temporary transport Bitcoin is a digital currency whose development has been trusted by everyone in the world and has valuable value.

Well,  Uber is convenient so if the amount shows above is what they earn will then it's good.  Didn't thought that the Uber would earn that beyond bitcoin.  But bitcoin itself could reach over anytime,  as long as many investors to come. 

As for me, when something is going down in price for sometimes, it is the best time to buy it, the same thing with Bitcoin and other crypto. It can rise about 1 month, and fall down by 1 day to the start price.

To be honest this isn't a fair comparison. It's two really different things that you are looking at. One is looking at the cap on a new economy and the other is looking at a way of transportation. Are you suggesting that there be a higher or no cap on bitcoin and less monetary investment on a taxi service?

Capital is such a thing that easily leaves one place and fills another. At any time bitcoin can collect a lot of speculative money and capitalization will be more but the problem is to keep the money. Self-driving car, Uber has recently been in an accident. A few of these accidents and from the capitalization of Uber will have no choice. Are you sure that won't happen?

BTC is not just a coin - it's the product of blockchain technology that may change the world.
Uber is also not just an app - it's the new quality of life provided to people who believed in this "easy-taxi" system.
I believe these two concepts have parity, as they both are targeted at improving the people's living standards.

Both aspects have extremely great value, and it is no surprise at all that Uber is making such cap, this is no big deal actually Uber is a taxi app that provides worldwide service as well, I am not quite sure if other countries have banned Uber but I don't think there is a reason to ban it though, while Bitcoin is indeed valuable and I think deserves more than what it is right now, and yes it is also worldwide and some particular countries have banned BTC as well.

uber application value is calculated as per the cab owners attach their car to the uber app and it also depends of supply and demand likewise bitcoin is also depending on one value price and demand

If uber accepts bitcoin as an alternative payment method, then the bitcoin price is likely to increase to $ 50,000. Uber is a big corporation in the world. Hopefully uber will accept bitcoin

The difference is very much uber accept almost any currency in the country that has been using the product and is reinforced by various types of two-wheeled and four-wheeled transport ,While bitcoin is not a means of transportation like uber Its very clear that even all circles use uber cheap with the tariff small

I was not clear about this comparison.Because both of this two is different,bitcoin is just an asset.Whereas,the Under is the mode of transport.We use this for transport.I don't know,why the word is used for the different category objects.If you compare to gold Vs Bitcoin will be good .

I'm more curious as to how they define the value of Uber. If it's based on the assets that are provided for the service then I personally think that's a bad measure since those kinds of "assets" aren't even really owned by the company. Now if it's based on revenue over a few years, that makes sense since it does have a world-wide market and is in use throughout many cities and locales.

And you're wrong with the cap, Bitcoin is listed at $112B.

What's wrong with the picture though?

In the part of the world am from it is not cheap to make use of Uber services. But if you talk about readily and easily getting that services then I say yes that Uber is always within reach. Just a phone call away.

Bitcoin is in a falling trend and it having a lower market cap as against uber is not to be doubted. Once the trend changes, we can begin to see bitcoin market cap race pass uber.

LOL, this is a lot funny. How can you be comparing this two different things that has nothing to do with each other? Bitcoin is just an asset and is meant for investment and for transaction purposes and it is also not being accepted by everyone. But Uber is something a lot more different than that.

Obviously über is a very good earning app and those who are in über are earning very good and those über cab driver are earning more than any good paid engineer so no doubt über is a very good profit earning business but there is no life in working for über . Bitcoin investing is completely and entirely different from that of in über earning and there is very great profit ahead with the bitcoin also and bitcoin investment has a good social life and no doubt there is very good profit.

Look on when this is posted and compared. By june 11,2014 bitcoin's total market cap was around $8.3B so that's lower than today because it's total market cap is $100+B.
Before the comparison of well known companies market cap are being of a trend and it's something that people shouldn't ignore because until now, we can still do this.
I don't found the post funny but going back to the past years, bitcoin has grown exponentially.

I think everyone is more familiar with uber than bitcoin. uber looks real and has been used as a means of transportation.

One side is the car service company, the other is the electronic money. These two things compare with each other does not mean anything. Can you think of paying for Uber's services electronically? It can also be a smart solution to do in the new age.

Comparing Bitcoin with Uber, would you like to compare the content of "something new but fast-paced"? If this is what you mean, it's obvious that Bitcoin and Uber have similarities. In the past, Uber was completely unfamiliar to the public transport user, but now, Uber has become so popular and developed. And we believe in Bitcoin in the future.

I'll quote this old post, I have no intention of comparing bitcoin to Uber or any TVNS.

It's lovely to see that on 2014 bitcoin's market cap is around $8.3B and for few years it went all time high and currently it's now $115,958,078,095 base on coinmarketcap.com

I don't imagine why we compared the two different types of business about  their achievement raised of price. I think Uber accepted payment from bitcoin that's related issue about this but compared the both subject I have no Idea about this.

Uber has already created immense troubles for themselves already. In many countries uber has trouble facing taxi owners and in many places with taxes and even on their headquarters they have been faced with sexists behavior rumors and have been shunned by feminist organizations and even got back lash from female users of uber because of it.

Lately I heard about exit of Uber from few major Asian countries as they are unable to compete against the local cab opeartors. When things are going like this, adopting bitcoin by uber may not bring big differences into the entire ecosystem of bitcoins. Still, we must welcome any new business to adopt bitcoins as one of their payment systems.

Now considering they have ton of issues to solve before anything else happens, I am not really comfortable with uber being talked together with bitcoin, maybe they should clear their own problems before they can use bitcoin as an advertisement opportunity. Just my thoughts on that company, doesn't really mean it is facts and truth.

This uneven comparison made me laugh. Uber is a large, revenue-generating corporation with the purpose of transferring customers, which is widely recognized and appreciated for its ease of use and ease of payment. You can pay by several methods. Bitcoin is an electronic coin that people are skeptical about, and is not well received in many countries. But over time everything will go in a different direction. You believe me.

Uber is one the best technology app for ride a cab, Actually they can fit each other you can pay bitcoin for a ride that's it! but if you going to compare on marketcap. Uber is way more attractive than bitcoin as of now..

Bitcoin is a nonproductive asset that is only worth what everyone else is willing to pay for it. Uber is a company that has an in-demand service and generates cash flow off of that. The market cap of the company is the value of future expected cash flows. $18 billion seems a bit high to me personally based on an inability to turn a profit and a horrible business culture that may prove to limit growth, but nowhere near as overpriced as the Bitcoin market cap is.

For me it is the same as I would say that bread in the store costs $0,5 and the hammer is for $5. I can agree with what I hear that you are comparing absolutely different things :)

Each field has its own strengths. But the problem here is not generally stated purpose. If I understand uber is the car taxi company. Electronic money is bitcoin to pay for online transactions. If the uber payment is made using bitcoin money. This is also considered a great development.

in my opinion there is a growing body of evidence showing that cryptocurrency like Bitcoin is accepted as a form of financial payment and Uber is a mother on this issue she accepts Bitcoin payments from third party vendors like coinBase but Uber does not accept crypto payments directly for ride sharing services.

That's not very comfortable to involve third party. I wish I can pay with Bitcoin or any other crypto directly to Uber, so we can lower the comission.

Will Uber accept Bitcoin payments? Although there are many ways to apply Bitcoin to Uber, many people still expect the company to integrate cryptocurrency directly. It may take some time to consider the possibility that the Uber can be Token

I think today Uber is more useful than Bitcoin. In any city of any country, the demand for UBER drivers is high. The comparison is interesting but it makes sense the difference

As it has been explained on numerous occasions already, Bitcoin market cap as well as the whole cryptomarket cap is meaningless and useless for comparison with assets of a different nature. In simple terms, you are trying to compare incomparable things just because they happen to be measured in the same dollars and seemingly represent the same thing. But they are not even if it is the same dollars (though these are not the same dollars anyway).

Simply put, cryptomarket cap is fake as it doesn't reflect real number of coins traded. Technically, to get a correct assessment of the cryptomarket cap you should take into account only the coins that actually get traded or circulated. If you were able to do that (you can't), you would quickly find out that the figure thus obtained would be a tiny fraction of what you are being led to believe as Bitcoin or any other coin market cap.

The total marketcap is deceiving, a lot of those bitcoins are lost forever and no one is sure on the exact amount.  It's easily in the millions so the actual cap is much lower than it is currently.  It's' not like a stock can be lost forever but a bitcoin can.

The total marketcap is still extremely small compared to fiat money and gold's marketcap.

Bitcoin is certainly undervalued, maybe that's because blockchain is technologically much harder to understand than a comfortable and simple Uber's app.
And also historically we all are more familiar with the process of calling a cab than calculating btc's hashrate.

I am not surprised about these numbers because the stock market is incredibly overvalued and as a fact we have such strange situations when some companies cost more than GDP of many countries. I am sure that such a situation will be changed soon because companies must not cost so expensive.

I think these technologies can unite in the future, uber is already considering blockchain for implementation

Someone already answered your question, every product is worth as much as the market is willing to pay for it. And by the way you shouldn’t be comparing Bitcoin to Uber, Uber is a huge company and available in lots of countries and even well trusted by investors around the world, whereas in Bitcoin investors are still scared of investing in it and lot of people are doubting it. But this is just the beginning.

I don't get the picture at all, and to make it more harder for me both Uber and bitcoin are two different thing the uber app is design to serve a single purpose and is not a commodity nor a store of value like bitcoin is, and bitcoin as a currency which has value in the world exchange market serve multiple purpose. So at that market capitalization alone is not a enough analysis tool.

UBER provides basic needs for transportation and this is a very profitable business, but if bitcoin can become a payment tool in many countries, UBER is no longer a counterpart to bitcoin

Yes, i think so also. Uber is a most popular in worldwide. I think Uber can hit BTC in market so easily if they accept it. Though government has restrictions in using BTC but people using it for their backup money. So when Use accept it, government will think about this and can be more popular to all.

What's the logic ?i don't get it about Verse ?. Why you're comparing bitcoins with uberapp ?. Are you trying to say that uber has more value than bitcoins ?.