Snapchat worth 15 billion. Bitcoin market cap: 3.82 billion

[jehst]

I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.

[TaurusBit]

I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.

Not yet.

[Alley]

How many Snapchat users?

[jehst]

How many Snapchat users?

Many, many indigent teen users who will never spend any money related to anything they see on snapchat.

[Brewins]

Internet is entering in another bubble. No way that Snapchat is worth 15B, but I do agree that BTC is undervalued

[chesthing]

How many Snapchat users?

Many, many indigent teen users who will never spend any money related to anything they see on snapchat.

Never underestimate the buying power of nagged parents.

[OgNasty]

How many Snapchat users?

A quick google search shows 30 million Snapchat users to 4 million Bitcoin users.  No idea how accurate either of those numbers are.

[Amitabh S]

What!?! 15 billion? I don't know a single person who uses that app. Who exactly uses it?

[NorrisK]

How many Snapchat users?

A quick google search shows 30 million Snapchat users to 4 million Bitcoin users.  No idea how accurate either of those numbers are.

Not a chance that bitcoin has 4 million users.. Maybe wallets but definately not active users..

I think all those techy start ups (not really start up any more ) are way overvalued indeed.

[Amph]

those are things that everytime makes me wonder about the huge potential of bitcoin, if something like snapchat has a 15B of market cap, then you know that bitcoin can be much higher than that

it is only a matter of being more recognized by people, we really need a killer application, for exmaple they should integrate a chat in the client

[BTCPOOLMINING]

people who are using bitcoin are tech guys who believe in future, size of the market cap or userbase doesn't matters with bitcoin
bitcoiners don't care about others, they just care what bitcoin is not what others are or anything else. for me bitcoin is much better then snapchat or anything else like paypal or whatever.

[Mellnik]

Crapchat is crap

14,360,000 Bitcoin * $1200 = $17,232,000,000 market cap soon moon.

[inca]

Need some heavy buys to weaken the asks on finex before we go higher I suspect. Shorts have been eviscerated over the last few weeks which is always nice.
 

[stallion]

Snapchat is was the most popular app of 2014. So it might have the sum of 15 million. But Bitcoin is way more undervalued , keeping in mind that it's one of its kind.  Startups tend to be overvalued since they always highlight their GMV , the Gross Merchandise Value, not the actual one.

[virtualx]

I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.

Bitcoin is the most disruptive technology of the last decade. There have been some large investments in the last years including by Richard Brandson.

people who are using bitcoin are tech guys who believe in future, size of the market cap or userbase doesn't matters with bitcoin
bitcoiners don't care about others, they just care what bitcoin is not what others are or anything else. for me bitcoin is much better then snapchat or anything else like paypal or whatever.

I think 99% of the bitcoin users are tech guys at this moment. We are slowly seeing change with mobile wallets and if you look back at the history of the forum you see its slowly changing.

[greBit]

What!?! 15 billion? I don't know a single person who uses that app. Who exactly uses it?

Are you serious? How old are you? Everybody uses that app, now. Maybe you live in some other country where it might not be popular but snapchat is a globally available app, receiving billions of users every single day. it is an app which lets you click pictures and send it to friends separately or add it into your story, which is visible to everyone. Even big celebrities have started using it regularly. A lot of youtubers do!

[NUFCrichard]

Snapchat is was the most popular app of 2014. So it might have the sum of 15 million. But Bitcoin is way more undervalued , keeping in mind that it's one of its kind.  Startups tend to be overvalued since they always highlight their GMV , the Gross Merchandise Value, not the actual one.

More undervalued, you mean you think snapchat is undervalued at $15bil?
They will never make a decent profit, they will get lots of users and as soon as they try to monetize them, they will leave!

Whatsapp try to charge like $1 a year, and people still get annoyed!  Who actually clicks these adverts enough that each user is worth $1000?

[Asrael999]

I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.

BLOCKCHAIN is the most disruptive technology of the last decade. There have been some large investments in the last years including by Richard Brandson.

While bitcoin might be what people think of - it is the Decentralised Blockchain that is the disruptive technology - not Bitcoin itself. Just worth bearing in mind.

[Gervais]

I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.

Not yet.

Really? There seems to be lots of investors putting millions into bitcoin related start ups at the moment.

How many Snapchat users?

Many, many indigent teen users who will never spend any money related to anything they see on snapchat.

Doesn't really matter. They still rake in money via adverts but these sort of apps are great at collecting vital info which is worth a lot of money to certain organizations whether its for advertising or spying.

[goxed]

BTC market cap's a joke. If BTC was a startup it would be valued orders more.