Bitcoin vs Uber

[Hell-raiser]

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

As it has been explained on numerous occasions already, Bitcoin market cap as well as the whole cryptomarket cap is meaningless and useless for comparison with assets of a different nature. In simple terms, you are trying to compare incomparable things just because they happen to be measured in the same dollars and seemingly represent the same thing. But they are not even if it is the same dollars (though these are not the same dollars anyway).

Simply put, cryptomarket cap is fake as it doesn't reflect real number of coins traded. Technically, to get a correct assessment of the cryptomarket cap you should take into account only the coins that actually get traded or circulated. If you were able to do that (you can't), you would quickly find out that the figure thus obtained would be a tiny fraction of what you are being led to believe as Bitcoin or any other coin market cap.

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[angel55]

The total marketcap is deceiving, a lot of those bitcoins are lost forever and no one is sure on the exact amount.  It's easily in the millions so the actual cap is much lower than it is currently.  It's' not like a stock can be lost forever but a bitcoin can.

The total marketcap is still extremely small compared to fiat money and gold's marketcap.

[rasp]

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

Bitcoin is certainly undervalued, maybe that's because blockchain is technologically much harder to understand than a comfortable and simple Uber's app.
And also historically we all are more familiar with the process of calling a cab than calculating btc's hashrate.

[pobeditelvezde]

I am not surprised about these numbers because the stock market is incredibly overvalued and as a fact we have such strange situations when some companies cost more than GDP of many countries. I am sure that such a situation will be changed soon because companies must not cost so expensive.

[Itcher]

I think these technologies can unite in the future, uber is already considering blockchain for implementation

[Rizky Aditya]

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

Someone already answered your question, every product is worth as much as the market is willing to pay for it. And by the way you shouldn’t be comparing Bitcoin to Uber, Uber is a huge company and available in lots of countries and even well trusted by investors around the world, whereas in Bitcoin investors are still scared of investing in it and lot of people are doubting it. But this is just the beginning.

[cizatext]

I don't get the picture at all, and to make it more harder for me both Uber and bitcoin are two different thing the uber app is design to serve a single purpose and is not a commodity nor a store of value like bitcoin is, and bitcoin as a currency which has value in the world exchange market serve multiple purpose. So at that market capitalization alone is not a enough analysis tool.

[jujurloe]

UBER provides basic needs for transportation and this is a very profitable business, but if bitcoin can become a payment tool in many countries, UBER is no longer a counterpart to bitcoin

[pragna]

uber should accept bitcoin as an alternate payment method

Yes, i think so also. Uber is a most popular in worldwide. I think Uber can hit BTC in market so easily if they accept it. Though government has restrictions in using BTC but people using it for their backup money. So when Use accept it, government will think about this and can be more popular to all.

[higgidave]

I think today Uber is more useful than Bitcoin. In any city of any country, the demand for UBER drivers is high. The comparison is interesting but it makes sense the difference

What's the logic ?i don't get it about Verse ?. Why you're comparing bitcoins with uberapp ?. Are you trying to say that uber has more value than bitcoins ?.