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heartastack
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October 07, 2014, 06:33:45 AM |
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WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison Good for a fuckin laugh that. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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nanobrain
Legendary
 Offline
Activity: 1008
Merit: 1000
Dumb broad
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October 07, 2014, 06:34:39 AM |
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Ahem....boys boys...look at the red please  |
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fonsie
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October 07, 2014, 06:39:42 AM |
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WhatsApp deal closed for 21 billion dollars. Billion with a B!Bitcoin total market cap 4.5 billion, after more than 5 years...  Still believe it's the next Internet, combustible engine, bigger than discovery of fire?? Time to wake up from dream! Imagine the market cap of bitcoin if the users were not anonymous and could be used for advertisements, trillions... Classic Newbie post, not seeing the bigger picture, still thinking in his classic box mindset. |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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October 07, 2014, 06:40:12 AM |
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Ahem....boys boys...look at the red please Shit, I need to cut my loose.  Be careful it could be that....  |
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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October 07, 2014, 06:42:40 AM |
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Cool. It's things like this that make me a long-term bull. What happens in meanwhile is so or more important I like that quote (in the long term we will all be dead), though some people may NOT like it b/c it is attributed to Keynes. Regarding what happens in the meanwhile: A person can be a bit of a flip flopper, and a trader in the short term - but still be driven by either being a long-term bear or a long term bull... and long term can be shorter than the term of a person's life. I characterize myself as a long-term bull for similar reasons to which JimboToronto referred, and that is the various ongoing BTC infrastructure investments that are being made. Surely, I believe that in the short term BTC has remained one of these investment areas that needs to be monitored on an ongoing basis because it has been proven to be manipulated and volatile, and probably engaging in ongoing monitoring is NOT a healthy lifestyle - however, it remains my belief that as the market cap goes up, some of the volatility and manipulations should become less (or at least become much more costly to attempt to achieve). And, if bitcoin is able to achieve a sufficiently large market cap in the $500 billion plus arena, then at that point, maybe we will NOT need to monitor its price or to question its long-term survival with so much frequency b/c it will become more stable. By the way, a $500 billion market cap would put BTC prices at about 100x their current rate of about $32k per coin. Nonetheless, a $5trillion market cap would be even more stable and more useful... which is at about $320k per coin... yet would this be long term? Either of these are feasibly achievable in less than 5 years, but maybe more practically achievable in a "longer term." Maybe a question remains, as you suggested, whether the length of "long term" will be so long as to cause the death of bitcoin or to cause the death of the rest of us who are currently participating in this thread? |
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ShroomsKit
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October 07, 2014, 06:43:29 AM |
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Traders taking their shitty profit and dumping on new users. These traders will soon be here wondering why the price just won't go up.
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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October 07, 2014, 06:46:28 AM |
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Traders taking their shitty profit and dumping on new users. These traders will soon be here wondering why the price just won't go up.
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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October 07, 2014, 06:51:53 AM |
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WhatsApp deal closed for 21 billion dollars. Billion with a B!Bitcoin total market cap 4.5 billion, after more than 5 years... Still believe it's the next Internet, combustible engine, bigger than discovery of fire?? Time to wake up from dream! Yes, you have been warning us since $680, and people have been sending you PMs asking you advice about what to do... so you are here to warn us to Cut YOUR LOOSE!!!!!! |
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samsonn25
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October 07, 2014, 06:53:59 AM |
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WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison Just comparing the users of whatsapp are worth money to advertisers. The users for bitcoin must increase from its current base to spread to survive. Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees. In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism. |
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heartastack
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October 07, 2014, 06:55:36 AM |
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WhatsApp deal closed for 21 billion dollars. Billion with a B!Bitcoin total market cap 4.5 billion, after more than 5 years... Still believe it's the next Internet, combustible engine, bigger than discovery of fire?? Time to wake up from dream! Yes, you have been warning us since $680, and people have been sending you PMs asking you advice about what to do... so you are here to warn us to Cut YOUR LOOSE!!!!!!I believe he is saying whatsapp is like investing in combustible fire |
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ShroomsKit
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October 07, 2014, 06:55:55 AM |
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Traders taking their shitty profit and dumping on new users. These traders will soon be here wondering why the price just won't go up.
And i will keep repeating it as long as these idiots are trying to destroy Bitcoin. |
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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October 07, 2014, 06:59:25 AM |
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WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison Just comparing the users of whatsapp are worth money to advertisers. The users for bitcoin must increase from its current base to spread to survive. Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees. In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism. You are talking garbledy gook regarding some necessity to "peg" bitcoin.... that is just some distracting mainstream talking point that is used to confuse people regarding the value of it NOT being pegged. The value of bitcoin is the users and the network and the infrastructure.... which is all still building and growing. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 07, 2014, 07:01:06 AM |
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chromosoma
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October 07, 2014, 07:04:04 AM |
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Back to the Under-300-World
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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October 07, 2014, 07:04:10 AM |
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Traders taking their shitty profit and dumping on new users. These traders will soon be here wondering why the price just won't go up.
 And i will keep repeating it as long as these idiots are trying to destroy Bitcoin. They are obviously not trying to 'destroy' BTC (the manWhaleBear could have done it in 5mins yesterday) but are trading for profit. As much as I would like to live in a fairer, more equitable and co-operative world, daytraders and speculators are part of the landscape. They will keep taking short-term profits. As someone said here (hypheymickey?)....if you want rainbows, unicorns and happy-endings get over to the securities forum. |
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MrPiggles
Sr. Member
Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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October 07, 2014, 07:04:38 AM |
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I still don't really feel like we've had blood in the streets.
No one posted a suicide hotline on r/bitcoin yet
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raid_n
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October 07, 2014, 07:06:20 AM |
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They are obviously not trying to 'destroy' BTC (the manWhaleBear could have done it in 5mins yesterday) but are trading for profit. As much as I would like to live in a fairer, more equitable and co-operative world, daytraders and speculators are part of the landscape. They will keep taking short-term profits. As someone said here (hypheymickey?)....if you want rainbows, unicorns and happy-endings get over to the securities forum. More than anything I expect these high volume swings to attract even more speculators ultimately increasing adoption |
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btcney
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October 07, 2014, 07:08:22 AM |
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WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison Just comparing the users of whatsapp are worth money to advertisers. The users for bitcoin must increase from its current base to spread to survive. Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees. In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism. 1 BTC = 1 BTC |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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October 07, 2014, 07:09:06 AM |
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They are obviously not trying to 'destroy' BTC (the manWhaleBear could have done it in 5mins yesterday) but are trading for profit. As much as I would like to live in a fairer, more equitable and co-operative world, daytraders and speculators are part of the landscape. They will keep taking short-term profits. As someone said here (hypheymickey?)....if you want rainbows, unicorns and happy-endings get over to the securities forum. More than anything I expect these high volume swings to attract even more speculators ultimately increasing adoption A few top predators tend to keep an eco-system healthy; a sea full of sharks isn't going to be that attractive to most people. |
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MrPiggles
Sr. Member
Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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October 07, 2014, 07:13:43 AM |
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WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison Just comparing the users of whatsapp are worth money to advertisers. The users for bitcoin must increase from its current base to spread to survive. Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees. In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism. We're currently in a bubble for "users" though. Companies with millions of users are bought up, with absolutely no idea how to monetize them. Snapchat anyone? Value in the billions, absolutely ZERO revenue. A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi |
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