Bitcoin trades higher than 50% of the companies on NASDAQ in market cap...

ElectricMucus

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Quote from: byronbb on February 22, 2013, 07:53:46 PM

Quote from: ElectricMucus on February 22, 2013, 05:39:15 PM

Quote from: The Fool on February 22, 2013, 07:28:50 AM

There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.

http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22

We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it?

Stop spreading myths. It's counterproductive.

Thank you
click here for the rebuttal

Counter productive to what exactly?

Credibility of Bitcoin, rationality, mental health of the community, everything pretty much.
You question is kind of funny actually, now why would you purposefully spread myths? I can't think of a reason. Roll Eyes

byronbb

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Quote from: ElectricMucus on February 22, 2013, 05:39:15 PM

Quote from: The Fool on February 22, 2013, 07:28:50 AM

There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.

http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22

We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it?

Stop spreading myths. It's counterproductive.

Thank you
click here for the rebuttal

Counter productive to what exactly?

xxjs

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Quote from: The Fool on February 22, 2013, 07:28:50 AM

Bitcoin trades higher than 50% of the companies on NASDAQ in market cap...

Which is totally irrelevant

Quote

There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.

There is no money in bitcoin, bitcoin _is_ money.

Quote

http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22

We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it?

This is not capital.

It is the value of a bitcoin in dollars multiplied with the monetary base, as expressed by a few trades around the equilibrium.

If every owner of bitcoins sold all their holdings, how many dollars would they get? What would the buyers do with the bitcoins? What is the value of all the dollars, expressed in something else like euros? These questions are nonsensical.

It still feels good, I agree.

ElectricMucus

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Marketing manager - GO MP

Quote from: The Fool on February 22, 2013, 07:28:50 AM

There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.

http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22

We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it?

Stop spreading myths. It's counterproductive.

Thank you
click here for the rebuttal

dree12

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Quote from: Peter Todd on February 22, 2013, 07:31:07 AM

Bitcoin's almost higher than the number of days in ANY month!

!!!!!

Market cap isn't very meaningful when the money supply - the non lost coins - isn't known.

Market capitalization is by definition an upper bound. That's why I hate it when people call it "monetary base"—market cap can estimate monetary base, but they aren't one and the same.

The Fool

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Quote from: Peter Todd on February 22, 2013, 07:31:07 AM

Bitcoin's almost higher than the number of days in ANY month!

!!!!!

Market cap isn't very meaningful when the money supply - the non lost coins - isn't known.

It's still value that could be retrieved by their owners at any time. People have losted stock certificates before and recovered them decades later. Stocks can become just as illiquid and lost. I am sure there are Google and Apple stocks stuck in Trusts.

Peter Todd

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Bitcoin's almost higher than the number of days in ANY month!

!!!!!

Market cap isn't very meaningful when the money supply - the non lost coins - isn't known.

The Fool

newbie

Activity: 56

Merit: 0

There is more money in bitcoin than a majority of the individual companies listed on NASDAQ.

http://www.nasdaq.com/screening/companies-by-industry.aspx?industry=ALL&exchange=NASDAQ&sortname=marketcap&sorttype=1&page=22

We're over the $300 million market cap mark, so imagine we are right in the above list. Feels good, doesn't it?

Topic: Bitcoin trades higher than 50% of the companies on NASDAQ in market cap... (Read 1016 times)