Apple paid $3.2billion for Beats

[T-Y-R]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

[ndnh]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

yep, currently this is true. But soon it should outpace all this. I give it max 8 months.

[arsenalfun]

So you are trying to sneer at BTC? So WHAT if Apple paid $3.2 Bln for the beats? So many countries that have an anual budget of $1 bln 

[findftp]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

There was a time when even pizzas were sold for 10000 bitcoins.

[gentlemand]

They paid that because they did their sums and were confident they'd get a return. They would've paid 300 billion if they were confident they could get a load more back. That's a little harder to gauge with BTC.

[noma]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

Looks like Apple has a lot of money to throw around. They can actually use all that to kill bitcoin and release a new curreny with just a little higher fees than bitcoin, and the same technology.

[Ultros]

They paid 3.2b because someone could sell it to them for that fixed price. Good luck with buying all btc in existence for that price (any price). It's incomparable. Btc marketcap =/= the value of btc.

[T-Y-R]

They paid that because they did their sums and were confident they'd get a return. They would've paid 300 billion if they were confident they could get a load more back. That's a little harder to gauge with BTC.

So, did the NYSE do their sums before investing in CoinBase?  I don't see them getting a good return without the bitcoin exchange rate increasing a hell of a lot.

[gentlemand]

They paid that because they did their sums and were confident they'd get a return. They would've paid 300 billion if they were confident they could get a load more back. That's a little harder to gauge with BTC.

So, did the NYSE do their sums before investing in CoinBase?  I don't see them getting a good return without the bitcoin exchange rate increasing a hell of a lot.

I assume they're looking to the future, but there's plenty of money to be made in the turnover of BTC as well.

You could have a very busy economy with a relatively puny market cap with the way it's running at present. The coins are effectively acting as tokens for USD when it comes to most merchants. They make their money facilitating that conversion.

[noma]

They paid 3.2b because someone could sell it to them for that fixed price. Good luck with buying all btc in existence for that price (any price). It's incomparable. Btc marketcap =/= the value of btc.

I didn't mean purchasing bitcoin to sell it. I meant pumping and dumping btc with that kind of amount to almost drag it to lower numbers. They could easily develope apple pay into a system like bitcoin and make billions off it.

[DonQuijote]

OMG if they want to waste money would be better for me give me!

[freedomno1]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

It does pay to have some context now and then but I guess your right the market for Apple and headphone purchases is as large as the Bitcoin economy for now at least.
https://blockchain.info/charts/market-cap

[B.A.S.]

They paid that because they did their sums and were confident they'd get a return. They would've paid 300 billion if they were confident they could get a load more back. That's a little harder to gauge with BTC.

So, did the NYSE do their sums before investing in CoinBase?  I don't see them getting a good return without the bitcoin exchange rate increasing a hell of a lot.

I assume they're looking to the future, but there's plenty of money to be made in the turnover of BTC as well.

You could have a very busy economy with a relatively puny market cap with the way it's running at present. The coins are effectively acting as tokens for USD when it comes to most merchants. They make their money facilitating that conversion.

Yep, NYSE is definitely looking to the future. My guess is the injection of capital from them is not a profit driven investment yet, but a foundation for future business. The NYSE is a giant clearinghouse made up of some of the world's largest banks and traders.

My ideas for BTC lie in the establishment of a new digital asset-based platform for the commodities market. These clearinghouses make a large profit off trading. I'm willing to bet they want their piece of the blockchain technology for the future.

[RyNinDaCleM]

As someone else said, So what if Apple overpaid for some headphones. Now you know why hipsters overpay for their worthless garbage too. Apple will just dumb them down with last gen technology like they do with all their products.

[Gervais]

Maybe Dr Dre can invest some of that money into bitcoin or bitcoin infrastructure? How much did Dre actually get out of these billions? If he the first hip-hop billionaire yet?

[1Referee]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

It has value for Apple, so from their perspective it was a good move.

But answering your question: Yes, Bitcoin marketcap is worth less, and especially if you consider what the potential is of Bitcoin.... Sad fact.

[jaredboice]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

It has value for Apple, so from their perspective it was a good move.

But answering your question: Yes, Bitcoin marketcap is worth less, and especially if you consider what the potential is of Bitcoin.... Sad fact.

Ahhh I see.  And I take it you waste all your time on a forum about a topic full of sad facts to educate all us useless eaters?  Thanks for your altruism lol

[NUFCrichard]

There is a big bubble in stocks and commodities are in a huge slump, that's why Apple can pay stupid money for companies like beats, but commodities like oil and bitcoin (it isn't used enough to be a real currency) are being hit.

[ivyleague1985]

With monthly conferences and daily VC investments, is the entire money base of the Bitcoin economy seriously worth less than what Apple paid for some headphones?

African Americans support Beats wholeheartedly. There is no bulls or bears among them, they just all love it.

For bitcoin players including bulls and bears, we are flighting our civil war day by day. No wonder bitcoins are valued so much less.