Bitcoin Forum
December 12, 2017, 01:22:18 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: snapchat value > bitcoin cap, twitter value X 5 times bitcoin cap  (Read 4259 times)
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
October 29, 2013, 10:42:14 PM
 #1

saw this and tried hard to not laugh.
http://finance.yahoo.com/video/snapchat-worth-3-6b-twitter-194015881.html

how on earth do people consider bitcoins priced too high now when companies that make no money or lose money are priced how they are.
i don't understand humanity or dinosaur investors.

ok
1513041738
Hero Member
*
Offline Offline

Posts: 1513041738

View Profile Personal Message (Offline)

Ignore
1513041738
Reply with quote  #2

1513041738
Report to moderator
1513041738
Hero Member
*
Offline Offline

Posts: 1513041738

View Profile Personal Message (Offline)

Ignore
1513041738
Reply with quote  #2

1513041738
Report to moderator
1513041738
Hero Member
*
Offline Offline

Posts: 1513041738

View Profile Personal Message (Offline)

Ignore
1513041738
Reply with quote  #2

1513041738
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
October 29, 2013, 10:58:31 PM
 #2

Well, it's a similar mechanism.
Moshi
Jr. Member
*
Offline Offline

Activity: 56



View Profile
October 29, 2013, 11:31:16 PM
 #3

I think "too high" to old users refers to the spike in price and not some arbitrary limit. To new users, from what I've gathered, the relatively high price of a single Bitcoin and confusion over their divisibility seems to scare people away.

1Moshi7BMtBtBefWSnhUXcWoc8WEhpgNxs for the times I do something useful
VincentX
Jr. Member
*
Offline Offline

Activity: 37


View Profile
October 30, 2013, 12:22:27 AM
 #4

I have a much harder time believing that any of those companies are actually worth that amount of money. It looks to me like they're vastly overvalued.

3.6 billion dollars for a chatbox? And they call this innovation. Come on.
snackman
Sr. Member
****
Offline Offline

Activity: 260


"ALGORY.io Crowdsale starts on 8/12/2017"


View Profile
October 30, 2013, 01:56:02 AM
 #5

I have a much harder time believing that any of those companies are actually worth that amount of money. It looks to me like they're vastly overvalued.

3.6 billion dollars for a chatbox? And they call this innovation. Come on.

Guessing you've never used Snapchat... it's a pretty amazingly designed application IMO and is an early frontrunner in lifelogging.

.
            ▀███████████████▄▄
              █████████████████
               █████████████████
                █████████████████
                 █████████████████
                  █████████████████
        ▄▄▄▄       █████████████████
    ▄██████████▄    █████████████████
   ██████████████    █████████████████
  ████████████████    █████████████████
 ██████████████████    █████████████████
 ██████████████████     █████████████████
 ██████████████████      █████████████████
  ████████████████        █████████████████
   ██████████████          █████████████████
    ▀██████████▀            ▀████████████████▄
       ▀▀▀▀▀▀ 
ALGORY  Multifunctional Tool for Cryptocurrency Trading 
Join Whitelist and Get 20% Bonus┃CROWDSALE ON DEC. 8
           ░████████████▒
       ░████████████████████░
     ░████████████████████████▒
   ░████████████████████████████░
  ░██████████████████   █████████▒
 ░███████████████      ▒██████████░
 █████████████         ████████████
░██████████            ████████████░
░██████                ████████████▒
░█████████████▒▒      ▒████████████▒
 ████████████████     █████████████░
 ▒████████████████    ████████████▒
  ▒████████████████▒  ████████████
   ░█████████████████ ██████████▒
     ██████████████████████████░
       ▒█████████████████████
          ░██████████████▒
mccorvic
Hero Member
*****
Offline Offline

Activity: 518



View Profile
October 30, 2013, 02:11:04 AM
 #6

saw this and tried hard to not laugh.
http://finance.yahoo.com/video/snapchat-worth-3-6b-twitter-194015881.html

how on earth do people consider bitcoins priced too high now when companies that make no money or lose money are priced how they are.
i don't understand humanity or dinosaur investors.

I'm there with you. What bitcoin offers and has the potential to do is unarguably worth at least Twitter.  Now, some may say that Twitter/Instagram/StupidApp isn't worth much in the first place but the all powerful market has decided that they are worth obscene billions of dollars so that line of argument is moot. 

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
vpitcher07
Sr. Member
****
Offline Offline

Activity: 343


View Profile
October 30, 2013, 02:21:12 AM
 #7

I have a much harder time believing that any of those companies are actually worth that amount of money. It looks to me like they're vastly overvalued.

3.6 billion dollars for a chatbox? And they call this innovation. Come on.

Guessing you've never used Snapchat... it's a pretty amazingly designed application IMO and is an early frontrunner in lifelogging.

I agree, it's pretty revolutionary despite how simple the idea is. Complexity does not equal value.

Bitcoin: The currency of liberty
1HBJSf3Lm9i8KxjZ7fuoN9FJ8hniniFbv4
CMMPro
Hero Member
*****
Offline Offline

Activity: 588



View Profile
October 30, 2013, 09:46:32 AM
 #8

With all these flavour of the week apps...as soon as the tweens that use this shit move on to the next new thing they are forgotten and have zero value.
So, why give such a high valuation to something that isn't making money, and has no longevity beyond their user base's brief attention span?

It is stupifying to me that a company like google is buying a $100m company a week at the slightest possibility of new technical innovation and yet is resistant to the game changing idea idea of bitcoin. They could build a big position in bitcoin and open a world scale exchange in a week or two.
Is it because they think they are too late to the party? Or because it isn't innovative enough? or that they can't fully control it end to end?

I just don't understand it either.


 
 

600watt
Legendary
*
Offline Offline

Activity: 1638


View Profile
October 30, 2013, 02:58:41 PM
 #9

those guys are 4 x the bitcoin market cap.

http://www.rovio.com

we are at the beginning of the "e" in early adoption
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
October 30, 2013, 04:10:42 PM
 #10

With all these flavour of the week apps...as soon as the tweens that use this shit move on to the next new thing they are forgotten and have zero value.
So, why give such a high valuation to something that isn't making money, and has no longevity beyond their user base's brief attention span?

It is stupifying to me that a company like google is buying a $100m company a week at the slightest possibility of new technical innovation and yet is resistant to the game changing idea idea of bitcoin. They could build a big position in bitcoin and open a world scale exchange in a week or two.
Is it because they think they are too late to the party? Or because it isn't innovative enough? or that they can't fully control it end to end?

I just don't understand it either.
 

very good points. not sure about Google's lack of involvement but at least some of it's engineers are contributing on the side.

just for shits and giggles:

King, the maker of Candy Crush believes that they are worth about 4 billion.
(unlike the first two companies though they are actually making about a million a day, though vastly overpriced)

ok
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
November 07, 2013, 08:55:07 PM
 #11

lol @ twtter ipo what a joke the stock market is

ok
Rygon
Hero Member
*****
Offline Offline

Activity: 521


View Profile
November 07, 2013, 09:12:15 PM
 #12

Pretty much every IPO nowadays is a pump-n-dump in disguise.
flibbr
Sr. Member
****
Offline Offline

Activity: 263


Bitcoins ftw !


View Profile WWW
November 08, 2013, 02:29:00 AM
 #13

those guys are 4 x the bitcoin market cap.

http://www.rovio.com

we are at the beginning of the "e" in early adoption

Its comical really. . .

I love bitcoins - everything about them.
Visit the Flibbr website - follow on twitter: @flibbr - or say hello on Facebook
SheHadMANHands
Legendary
*
Offline Offline

Activity: 966


View Profile
November 08, 2013, 02:41:49 AM
 #14

$3.6 BILLION valuation, and no plan on how to actually make money yet.   Roll Eyes

The "app" bubble.
antimattercrusader
Sr. Member
****
Offline Offline

Activity: 308



View Profile
November 08, 2013, 03:24:49 AM
 #15

lmao, remind anyone of the dot come bubble?

That said, shut up and take my money.


EDIT: How in God's name could snapchat (Was it snapchat?) be worth anywhere near that? The only way I can see them ever making money is by advertising on phones, and while teens are snapchatting fap pictures back and forth, I don't think they'll be focusing on the ads being displayed. When there is a pic of your cheerleader classmate banging herself silly and you only have 10 seconds to memorize that image or find a way to take a screenshot without them knowing - IS ANYONE GOING TO LOOK AT THE DAMN AD BAR? NO!!!! I'd doubt if the entire network over years would net 3.6 billion to the advertisers. Sure it's a popular app with a lot of downloads, but it'd take quite some time to show a legit valuation of any number of billions, and this type of stuff is as fad-ish as it comes. It'll be dead in 2 years, replaced by some other "cool" app.

Their best chance of earning that type of money would be to put a wallet stealer in the app... wait... said too much already. Don't want to give them any ideas.

BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
November 08, 2013, 04:16:14 AM
 #16

lmao, remind anyone of the dot come bubble?

That said, shut up and take my money.


EDIT: How in God's name could snapchat (Was it snapchat?) be worth anywhere near that? The only way I can see them ever making money is by advertising on phones, and while teens are snapchatting fap pictures back and forth, I don't think they'll be focusing on the ads being displayed. When there is a pic of your cheerleader classmate banging herself silly and you only have 10 seconds to memorize that image or find a way to take a screenshot without them knowing - IS ANYONE GOING TO LOOK AT THE DAMN AD BAR? NO!!!! I'd doubt if the entire network over years would net 3.6 billion to the advertisers. Sure it's a popular app with a lot of downloads, but it'd take quite some time to show a legit valuation of any number of billions, and this type of stuff is as fad-ish as it comes. It'll be dead in 2 years, replaced by some other "cool" app.

Their best chance of earning that type of money would be to put a wallet stealer in the app... wait... said too much already. Don't want to give them any ideas.

Worse still, how on earth I am going to believe it's "burn after reading" after seeing an ad that's specifically targeted at me based on what  I am receiving daily?

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
antimattercrusader
Sr. Member
****
Offline Offline

Activity: 308



View Profile
November 08, 2013, 04:50:17 AM
 #17


Worse still, how on earth I am going to believe it's "burn after reading" after seeing an ad that's specifically targeted at me based on what  I am receiving daily?

HA! Yes. "Enjoying Snapshot? Want to see more photos of Tiffany naked? Only $9.95 Click here!"

EDIT: I guess some ads might be effective. Above... as well as "Want to save snapshot photos without sending notifications? Click here!"

BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
mvidetto
Sr. Member
****
Offline Offline

Activity: 406


View Profile
November 08, 2013, 03:42:54 PM
 #18

At the end of the day people like buying into hype and popular things.  Unfortunately, bitcoin isn't quite there on the popularity index but has been hyped by the press.  It's only a matter of time until the market capitalization of bitcoin surpasses both because of its uniqueness and far greater uses.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
November 14, 2013, 07:04:53 PM
 #19

fb offered 3 billion for snapchat
http://www.usatoday.com/story/tech/2013/11/13/report-facebook-offered-snapchat-3-billion/3517929/

wtf is wrong with people. if snapchat is worth anywhere close to 3 billion, and twitter is worth 20 billion (supposedly) than bitcoins are worth 10 trillion at least, even today!!!!!

i also predict that 2014 will be the year of social media implosion where stock market especially social media ones will go to shit.
fb at 50 billion, twitter at 3 billion, snapchat at 100 million. fucking joke this is, i swear. i wake up sometimes and think that someone is playing a joke on the world.

people never learn: bebo, myspace, groupon, livingsocial, renren, friendster

rest in peace crazy valuations.

ok
kireinaha
Sr. Member
****
Offline Offline

Activity: 350


View Profile
November 14, 2013, 07:18:45 PM
 #20

Maybe on the Snapchat message boards they're all wondering, "WTF is this bitcoin bullshit? How can that have a market cap of $4 billion? The only thing anyone uses it for is to tip reddit users and buy subway sandwiches!" Just because you all fail to recognize the utility of it, doesn't mean it's worthless. We may be on the forefront of the digital currency boom, but the fact is that Snapchat likely has larger user base than bitcoin. lol. I'm not knocking bitcoin, I love it, but there's a lot of doubt still as to whether people -- on a wide scale -- will be willing to use bitcoin and make it a success.

Night gathers, and now my bitcoinwisdom watch begins.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!