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xFiber
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August 18, 2017, 08:10:54 AM |
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I also read this a couple of days back. It's pretty insane we've passed a widely accepted online payment processor in market cap. The growth we've had this year is truly unbelievable.
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nutildah (OP)
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Activity: 3038
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August 18, 2017, 08:20:40 AM |
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I also read this a couple of days back. It's pretty insane we've passed a widely accepted online payment processor in market cap. The growth we've had this year is truly unbelievable.
It is... It would be unbelievable if you told it to me this time of year last year. Too bad I've been using BTC what its meant for and not investing in it!  |
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AltOfAnAllt
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August 18, 2017, 08:23:56 AM |
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so now buying bitcoins is better than investing in paypal itself can't belive this.
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btc_angela
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August 18, 2017, 08:38:03 AM |
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First I read that ex-COO of Paypal saying good things about bitcoin and Paypal vision is that of bitcoin, new currency. And now we are seeing that bitcoin is now bigger than Paypal, truly amazing journey of bitcoin and we just beginning to scratch the surface. One advantage of bitcoin though is that it is being used at form of investment that's why the price and marketcap has ballooned throughout the years. I think there will be a time that bitcoin is wildly used as the no. 1 payment method globally over Paypal and Western Union.
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EthBooksPro
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August 18, 2017, 08:39:49 AM |
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Interesting times. Satoshi must be very surprised where he is that a few years after introducing bitcoin, it's now worth this much. This is just the beginning as bitcoin might hit $7000 by the end of this year.
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dothebeats
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August 18, 2017, 08:43:31 AM |
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But unfortunately, overall market capitalization don't define bitcoin's success alone. It's still a grey area for merchants since they still aren't confident enough of bitcoin. If there would be millions of users for bitcoin—not investors but real users of the coin to use as a currency—then that will be the time where we can call it an overall success. so now buying bitcoins is better than investing in paypal itself can't belive this.
Better for the meantime, but can it hold? Not being a pessimist but you know, possibilities. |
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Siren
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August 18, 2017, 08:48:21 AM |
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Interesting times. Satoshi must be very surprised where he is that a few years after introducing bitcoin, it's now worth this much. This is just the beginning as bitcoin might hit $7000 by the end of this year.
Well if Satoshi is still alive today and seeing how this invention has revolutionized the global currency business, then I think we will be surprised as well. I believed that he didn't see this forthcoming and I think no one does. But bitcoin has affected a lot of people and perspective specially in investing through it. I agree, this is just the beginning and maybe we can double or triple the marketcap in about a year or two and surpassed the value of other established and big technology companies around the world. |
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talkbitcoin
Legendary
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Activity: 1372
Merit: 1032
All I know is that I know nothing.
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August 18, 2017, 08:48:49 AM |
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what happened to all the people watching the blank parity stuff?
i remember back when price was about $1000, everywhere you looked you could see someone talking about when the gold parity is going to be reached! and that was 1/4 the current price!
i am not much of a market capitalization for comparison but this is a good news showing how big bitcoin is becoming.
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Doms
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August 18, 2017, 08:50:46 AM |
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Who would have thought that the market cap of would reach that high that quick. Not even on its tenth year of existence, bitcoin has already gained so much ground. Although it is still far from being an ideal digital currency, it is rivaling big companies in terms of valuation. And we are just in August with the possibility of more ups down the road. $100B by mid of next year, anyone?
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hatshepsut93
Legendary
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Activity: 3010
Merit: 2148
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August 18, 2017, 09:15:46 AM |
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It's really-really wrong to compare marketcap of company with marketcap of commodity/currency. Especially if you try to compare Bitcoin with some payment processors. Most of the time, PayPal is better than Bitcoin for transactions, because of lower fees, faster time and their network handles around 150 transactions per second, while Bitcoin processes only 3.5 transactions per second. Bitcoin right now is mostly used as investment instrument, so it's better to compare it with other assets.
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cybersofts
Copper Member
Sr. Member
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Activity: 658
Merit: 284
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August 18, 2017, 12:12:40 PM |
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Now, we are heading to the baby! Bitcoin market capitalization is bigger than the market capitalization of PayPal? What a revolution and great development for the masses? The people around the world will soon take control of their assets using bitcoin. Bitcoin is fully decentralized, fast, secure and has low transaction fees compared to PayPal which charges about 2.5% of every transaction. Very soon all these greedy companies like PayPal would fade and run out of the business.  |
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margana
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August 18, 2017, 01:02:04 PM |
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Can't believe that criminal company is worth $70B... what a travesty. |
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hardforkcoin
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August 18, 2017, 02:49:18 PM |
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wow, this is good news to see today!!!!
I thought today was gonna be a bad dayhehe.
The implications are astounding. Tons of people use Paypal, if we got just some of them to switch over and show the benefits, it would be amazing.
The best people to reach out to would be Youtubers/Twitter people, for having their fans support them and what not. Much easier with BTC.
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kink0r
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August 18, 2017, 03:06:33 PM |
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Its just that PayPal creates a revenue, its a company that collects money, that makes it worth something, get it?
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longminh123
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August 18, 2017, 03:13:07 PM |
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This is the best news of the day. I believe the Bitcoin market will go further in the next few years as the Cryptocurrency market is gaining a lot of attention from investors all over the world and is sure to be the market leader in all markets.
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MeridianMDN
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August 18, 2017, 03:19:59 PM |
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Efficiency always triumphs over older, less effective processes. Bitcoin surging past PayPal in terms of market cap could potentially be the tipping point/foreshadowing of events to come in the future. Some people are earmarking Western Union as being the next institution to be surpassed by Bitcoin, and it isn't that difficult to imagine this occurring in the near future. However, market capitalisation is one thing - a more important statistic/benchmark for sustained success is UserBase. i.e how many users does bitcoin have vs. western union? The day we're able to say there are more Bitcoin users than there are registered PayPal accounts is that day that we can finally deem the Bitcoin project as successful and - for some reason, I feel that we aren't far too far from achieving this. Never the less, Bitcoin amassing a larger market cap than PayPal is significant... better still - this may actually be a sign of greater things to come |
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Dudeperfect
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August 18, 2017, 03:24:34 PM |
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That's really a great news to see that we are gaining momentum but still, this is just a single step towards global crypto based economy. Here is the summary of transaction volume of various payment methods, even though the data is old but still it gives a little idea of where we stand today and there is a lot more to achieve. I am sure that in next 10 years Bitcoin will be number 1 choice for the worldwide payment transfers. |
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mr.robot8
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August 18, 2017, 04:03:38 PM |
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it is normal that this happen paypal have a lot of limits and it is not anonimous,bitcoin is fast on transaction and have a good ratio of privacy
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Ultegra134
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August 18, 2017, 04:08:04 PM |
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it is normal that this happen paypal have a lot of limits and it is not anonimous,bitcoin is fast on transaction and have a good ratio of privacy
What you are saying makes zero sense, Bitcoin is not a Payment Processor, it's a cryptocurrency. Comparing these two also makes no sense. Paypal doesn't take $2 as a fee for a $10 transaction while you do not have to wait for confirmations, payments are completed instantly. There's no use comparing a product/service with a cryptocurrency. Paypal is the leader of the online transactions and will continue to be for more years to come. |
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