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Author Topic: Bitcoin vs Uber  (Read 1736 times)
ShakyhandsBTCer
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June 12, 2014, 05:47:43 PM
 #21

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

You are comparing apples vs oranges.

Urber is a company with revenue and (hopefully profits in the future).

Bitcoin is a "currency" and a method of transmitting money.

Over time as more of the public adapts bitcoin the price and market cap will increase. 
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June 12, 2014, 06:10:49 PM
 #22

Totally agree with ShakyHands on this one.  These are two different animals entirely and can't be compared soley on the merit of current market cap.  Can't say for certain but I'm relatively sure the taxi app doesn't/didn't have nearly the kind of VC money flowing into it that BTC has.

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June 12, 2014, 06:30:49 PM
 #23

You have spent too much time on bitcoin and lost contact to reality Wink. Besides that what really counts are not absolut values but the speed of growth. If you think of the value when bitcoin was created, it's value was 0. When you take the ratio of a chewing gum to bitcoin back then (10 Cent / 0 Cent = Infinity) you see how stupid this comparism is Wink
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June 12, 2014, 07:12:06 PM
 #24

Does anyone have a comparison on the number of people that use Uber vs. the number of people using BTC?
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June 12, 2014, 07:15:25 PM
 #25

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

Uber is revolutionizing urban transportation!

This doesn't seem out of line at all. Uber is a great idea that is already catching on like wildfire.

Plus investors in America are free to speculate on a company like Uber while it's not easy at all for investors to speculate on bitcoin yet. Maybe when that ETF gets listed on NASDAQ.
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June 12, 2014, 07:18:56 PM
 #26

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

What exactly would be wrong with that?
Here is a hint:

Market cap is the collectively assigned value of an investment item by all market participants.

To mankind, the value of cryptocurrency should be 10s, 100s, if not 1000s times bigger than a taxi app, not a 46%.


The market participants already assigned the value as you have stated here.

Not what you think both are worth.
ShakyhandsBTCer
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June 13, 2014, 02:56:35 AM
 #27

Does anyone have a comparison on the number of people that use Uber vs. the number of people using BTC?

This figure would not be entirely relevant. You would need much more data to help understand each's value.

For example if each person that uses bitcoin only buys once per week and then buys a coffee with it and the coffee shop instantly sells the proceeds on coinbase, while each Uber user uses Uber every day both to and from work. Granted this is an extreme example, but the point is you would need to know how much the average person uses each.

Even with this information you would not be able to make an apples to apples comparison as bitcoin does not generate any revenue while Uber does.
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April 22, 2018, 06:33:23 AM
 #28

Uber is a transport enterprise or technology enterprise. In order to get answers they have to go to court. Bitcoin is not recognized as a means of payment!
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April 22, 2018, 07:20:36 AM
 #29

Does anyone have a comparison on the number of people that use Uber vs. the number of people using BTC?

Would be interesting indeed, I search and find the number of ride vs the number of bitcoin transaction in bitcoin :
http://www.businessofapps.com/data/uber-statistics/ = 2 billions of ride in 2017
 https://www.quandl.com/data/BCHAIN/NTRAN-Bitcoin-Number-of-Transactions = +/- 90 000 000 of transactions in 2017

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Farrer Lewis
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April 22, 2018, 07:49:52 AM
 #30

Is there a nice day, we can use bitcoin to pay uber not to! I highly expect bitcoin to pay for services.
Iagan Lee
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April 22, 2018, 08:10:08 AM
 #31

Is there a nice day, we can use bitcoin to pay uber not to! I highly expect bitcoin to pay for services.
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April 22, 2018, 08:31:58 AM
 #32

For me maybe because a lot of people are subsrcibing to uber because it is a income opportunity. For those who have cars specially. An extra income is seen by this people who subscribe to Uber. A lot of people can now afford to buy cars, and extra income to subscribe to Uber is a opportunity. Hope that we can tie-up to Uber to accept Bitcoin as payment.

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April 22, 2018, 08:33:37 AM
 #33

What if there will collaboration of both. Having Bitcoin to be used in paying taxi fares. That could take a while to happen though. I mean Uber has the option to utilize cryptocurrency to make their own coins for their program. Somehow I still doubt it though as the network in sending money isn't yet reliable for these enterprises in a while.
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April 22, 2018, 09:00:52 AM
 #34

yes uber is a service application engaged in the field of transportation services. while bitcoin is the digital currency. my opinion when uber apply the use of bitcoin on payment is very good.
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April 22, 2018, 09:06:17 AM
 #35

I think the picture is true, because uber has been known all over the world, and people around the world have almost used this uber service, but for bitcoin that I think has a great prospect, but not everyone in the world knows it , so this is the superiority of uber in comparison to bitcoin, here's my opinion on this
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April 22, 2018, 09:08:47 AM
 #36

Value is a subjective approach which can be twist to any direction but at that the level if the value of a thing is determine by it usage and coverage, as you know bitcoin is a currency but uber is just a taxi app while bitcoin can be use to carry out transactions uber on the other hand is restricted to only it area of operations.

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April 22, 2018, 09:28:32 AM
 #37

Does anyone have a comparison on the number of people that use Uber vs. the number of people using BTC?

Would be interesting indeed, I search and find the number of ride vs the number of bitcoin transaction in bitcoin :
http://www.businessofapps.com/data/uber-statistics/ = 2 billions of ride in 2017
 https://www.quandl.com/data/BCHAIN/NTRAN-Bitcoin-Number-of-Transactions = +/- 90 000 000 of transactions in 2017
Number of rides and number of transactions are interesting, but they don't tell us anything about an even approximate number of people who use them. There are about 28 million bitcoin wallets and it is supposed that there is approximately 1 wallet per person. As for uber, I found out the information that they currently have 75 million riders. This means that uber has 2.5 times more users than bitcoin. As for market capitalization, btc has 150 billion, while uber is evaluated for 72 billion dollars. Quite interestingly, it makes bitcoin worth about 5 times the value of uber if we take into consideration the numbers of users.

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April 22, 2018, 09:49:51 AM
 #38

I do not understand why to compare bitcoin with uber? Is this a similar business? Lol. Uber's capitalization has its limits. I don't believe self-driving cars will make this company rich. I don't trust drones and never get in a car like this. Bitcoin has no capitalization limit. The popularity and capitalization of bitcoins will grow in proportion to the government's attempts to tighten control over our money.
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April 22, 2018, 10:02:06 AM
 #39

Uber is a well-known taxi company. Currently, bitcoin is used more than credit cards in developed countries. If uber is using bitcoin it is great. Uber will attract more and more customers. Bitcoins are also becoming increasingly popular across all services.

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April 22, 2018, 10:14:10 AM
 #40

Bitcoin is only at the beginning of its path, Uber is a fully functional product. The capitalization of bitcoin has a huge potential and in the future can be measured in billions.

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