btcdan (OP)
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January 05, 2014, 03:21:46 AM |
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Each coin currently would be worth around $10,075.00 give or take, that is if my numbers are right. Some food for thought...
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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black_swan
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January 05, 2014, 03:28:36 AM |
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From nasdaq.com, market cap = $ 134,103,889,989 so it's $6385.9 per coin. How did you come up with $10k? Bitcoin market capis it about $11b which is about a 12th of Facebook, that's interesting!
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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January 05, 2014, 03:54:46 AM |
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There are only 12 million bitcoins in circulation. Divide by 12 not by 21.
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btcdan (OP)
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January 05, 2014, 04:03:00 AM |
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Ive never been good at math but if there is 12,216,650 BTC currently and the market value in USD is at $10,243,599,942.00 thats a current market value of $838.49 per coin. If the Market value increased 13X to the size of Facebook just do $130,000,000,000.00 and divide by the total bitcoin in circulation it should come out to $10,641.21 which is why I said give or take...
BTC economy as of today:
Total BTC 12,216,650 BTC Market Cap based on latest prices 10,243,599,942 USD or 7,745,356,100 EUR or 31,338,517,080 PLN or 6,792,530,822 GBP Transactions last 24h 51,948 Transactions avg. per hour 2164.50 Bitcoins sent last 24h 721,076.83 BTC Bitcoins sent avg. per hour 30,044.87 BTC
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beetcoin
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January 05, 2014, 04:04:51 AM |
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i'm not sure why or how comparing it to facebook makes any sense. bitcoin is not a corporation or company.
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btcdan (OP)
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January 05, 2014, 04:15:28 AM |
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i'm not sure why or how comparing it to facebook makes any sense. bitcoin is not a corporation or company.
Well lets see here, Facebook again has the market value of 130+ B. Much of that money comes from people wanting to do a thing called investing, they do this to make money. Are you with me still? These investors have valued the company at 130B which I think is crazy, I hate Facebook and if I could put a value on it id say $5B, seems a bit more appropriate and this is just ONE COMPANY. Like you said yourself bitcoin isn't a company, its much much larger than that.
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btcdan (OP)
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January 05, 2014, 04:22:39 AM |
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you can't step to this dudes... Try me
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jonanon
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January 05, 2014, 07:24:15 AM |
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Interesting concept you have there but I again don't see much of a relation in comparing Bitcoin to fb
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beetcoin
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January 05, 2014, 07:32:43 AM |
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i'm not sure why or how comparing it to facebook makes any sense. bitcoin is not a corporation or company.
Well lets see here, Facebook again has the market value of 130+ B. Much of that money comes from people wanting to do a thing called investing, they do this to make money. Are you with me still? These investors have valued the company at 130B which I think is crazy, I hate Facebook and if I could put a value on it id say $5B, seems a bit more appropriate and this is just ONE COMPANY. Like you said yourself bitcoin isn't a company, its much much larger than that. well, no shit it's an investment. but one's a corporation, and another is a store of value. you don't see anyone comparing gold to facebook, do you? look at you, throwing arbitrary numbers (based on nothing) for what facebook is worth.
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Elwar
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Viva Ut Vivas
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January 05, 2014, 07:34:59 AM |
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Interesting concept you have there but I again don't see much of a relation in comparing Bitcoin to fb Facebook has no inherent value. The only way Facebook has value is if people accept it as a way to interact with others. It is just a bunch of ones and zeros that cannot be used as jewelry and is not backed by the full faith and credit of the government. Yet it has value because people use it, it has reached the point where the network effect has created such value. If Bitcoin were to have as many users as Facebook the value would certainly be justified. But Facebook is a social tool, Bitcoin is a currency which has more economic value so it would likely be worth much more with the same amount of users.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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