Market Cap Crypto VS Biggest Companies

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Quote from: Lucius on January 06, 2021, 10:00:06 AM

The total MC is really around that amount on the infographic, but it should be noted that 2/3 of that amount is what it refers to Bitcoin, and that another $150 billion belongs to the first two followers on the list. Although people like to play with numbers, most altcoins is actually pretty worthless, and it is very easy to manipulate with all those numbers. If a coin (and I won’t name it) has a circulating supply of over 100 million and a vague max supply, then it’s no different from fiat - virtual printing of new coins and pumping values lead to total market cap pumping.

Even Bitcoin MC is not something we can take as a precise number, because if only 1 million BTC is lost forever, the value of MC would be lower for around $34 billion.

The infographic would be much better if we could see BTC , Ethereum and XRP marketcap compared to companies.

Ethereum and XRP are more similar to companies than bitcoin is, as those cryptocurrencies have just a few people behind them. As they have a CEO, council, etc they are more centralized and have an structure much more similar to a company. Bitcoin doesn't have any of those.

Etehreum alone has a marketcap of 136 B USD

I just pasted some data from here of companies of similar marketcap with ethereum:

https://companiesmarketcap.com/

And bitcoin:

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Quote from: The Sceptical Chymist on January 07, 2021, 05:20:03 PM

Quote from: Lucius on January 06, 2021, 10:00:06 AM

The total MC is really around that amount on the infographic, but it should be noted that 2/3 of that amount is what it refers to Bitcoin, and that another $150 billion belongs to the first two followers on the list.

True, but it's still a pretty impressive figure if you ask me--although comparing crypto and stocks leaves me with a weird feeling. It's kind of like comparing Apple's market cap to the total number of outstanding USD, i.e., they're fundamentally two different things.

A corporation's market cap is essentially how much it would take to buy it out (or to buy a controlling interest, which doesn't take 100% of the MC). It's also not necessarily a great indicator of how much the business is actually worth, since bull and bear markets can cause the market cap to over- or under-value a given company.

On the other hand, the value of bitcoin is exactly what the market says its worth. There's no underlying company, no dividends, no profit changes from quarter-to-quarter, none of those metrics that you get with stocks. So while I'm impressed that bitcoin (and the other top altcoins) are being valued so highly, this is one of those apples to oranges comparisons IMO.

What this basically achieves could be to say how much money people willing to bet on both of these things and how mainstream we are. Crypto people love to talk about how we are not mainstream, and how fiat is mainstream and how we are just small underdogs fighting to become more used and so forth.

However if you look at the crypto market cap, we have broken over 1 trillion dollars in marketcap, nothing that has 1 trillion dollar marketcap could be underdogs, we are mainstream now and we are already known by almost everyone in the world.

I am not saying everyone "uses" it, but I can say even people who have never owned a single satoshi knows what bitcoin is and that is why this chart is important, it is there to show you that apple is one of the most known brands in the entire world, same for microsoft, and bitcoin is not really that far behind them neither.

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The other companies on the list are all centralized monitoring by the government. This comparison is not right. Also comparing to the things you named here, bitcoin is much more younger and more available for people in all over the world. That's why in my own idea, bitcoin is several steps ahead from the others. You can also compare the speed of marketcap increase overtime and see how bitcoin is growing faster that others.

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So what? Why Google should care how much the entire cryptocurrency costs and what does the crypto community care how much Google costs? Do you understand that these are two different things? You and all your friends have $ 100 for everyone - while your neighbor has $ 1k. And what follows from this? Nothing, damn it! What is the point of comparing the capitalization of artificial financial instruments and the capitalization of one of the world's largest corporations? You're not even trying to compare apples and oranges on a common basis - you're trying to compare nails and a cat.

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Quote from: zanezane on January 08, 2021, 02:09:02 AM

Once Google release their projects to the public, I think that they will be racing back to the race. They have a lot of projects that are currently in the works, the one that I know of is their quantum computers.

I have been hearing this since the last decade. Although it will be good if it really ends up in public, but I doubt quantum to end up like that. Google's top devs know the dangers it possesses in it falls into wrong hands so even if they do develop it completely, it will remain as a RnD project that only they use if needed. Besides this would end up fullfilling the bitcoin takeover by quantum conspiracy theory which we dont want in reality. Google's devs know that would be something good for the future hence my statements.

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Those "die hard gold bugs" will be too late when they finally made up their mind, the supply of bitcoin is already running low and they are still thinking, what a goof.

This is the wrong way of thinking. The point is not about taking revenge on gold bulls being a bitcoin bull. The point is to understand what you need to profit.

See gold's importance is its resell value and acceptance all over the world. Bitcoin's importance is its censorship-resistance and decentralization. Both are completely different things appealing to completely different groups of people.

Again this becomes a apples-vs-oranges debate and hence useless.

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Market capacity is a meaningless measure because the majority of market capacity comes from Bitcoin. If a correction occurs that returns the price to $ 1,000, we will see that the overall market capacity may drop to a quarter or a fifth of this amount.
We cannot judge even if we have the highest market capacity, because many countries will begin to impose regulations, and then we will witness a decline less than those levels.
Even these companies, part of it was worth a quarter of its value last year.
Predicting the use of these charts will lead to many wrong results.

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Quote from: dothebeats on January 06, 2021, 01:51:10 PM

It'll take some time before we overtake Google in terms of market capitalization. We'll surely get there, and Google may still get some few billion $ added to its market cap but we'll be reaching it. Most institutional investors are taking a sway from gold and stocks, and are heading over towards bitcoin in recent times. Some die-hard gold bugs are already reconsidering their views on bitcoin, and are aptly warming up to the said cryptocurrency for 2021. They may not be directly investing any time soon, but to know that their POV regarding something that they so despise just a few years back is something really unique.

Once Google release their projects to the public, I think that they will be racing back to the race. They have a lot of projects that are currently in the works, the one that I know of is their quantum computers. Those "die hard gold bugs" will be too late when they finally made up their mind, the supply of bitcoin is already running low and they are still thinking, what a goof.

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Quote from: Lucius on January 06, 2021, 10:00:06 AM

The total MC is really around that amount on the infographic, but it should be noted that 2/3 of that amount is what it refers to Bitcoin, and that another $150 billion belongs to the first two followers on the list.

True, but it's still a pretty impressive figure if you ask me--although comparing crypto and stocks leaves me with a weird feeling. It's kind of like comparing Apple's market cap to the total number of outstanding USD, i.e., they're fundamentally two different things.

A corporation's market cap is essentially how much it would take to buy it out (or to buy a controlling interest, which doesn't take 100% of the MC). It's also not necessarily a great indicator of how much the business is actually worth, since bull and bear markets can cause the market cap to over- or under-value a given company.

On the other hand, the value of bitcoin is exactly what the market says its worth. There's no underlying company, no dividends, no profit changes from quarter-to-quarter, none of those metrics that you get with stocks. So while I'm impressed that bitcoin (and the other top altcoins) are being valued so highly, this is one of those apples to oranges comparisons IMO.

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Quote from: dothebeats on January 06, 2021, 01:51:10 PM

It'll take some time before we overtake Google in terms of market capitalization. We'll surely get there, and Google may still get some few billion $ added to its market cap but we'll be reaching it. Most institutional investors are taking a sway from gold and stocks, and are heading over towards bitcoin in recent times. Some die-hard gold bugs are already reconsidering their views on bitcoin, and are aptly warming up to the said cryptocurrency for 2021. They may not be directly investing any time soon, but to know that their POV regarding something that they so despise just a few years back is something really unique.

The market cap of all the market is already above 1 trillion dollars and in order to surpass Google we only need an increase of 9.5% which is nothing since a growth like that could happen overnight, however while this is interesting I think we should compare bitcoin to something that more closely resembles it, so we should compare how bitcoin is doing against fiat currencies and precious metals as those are the direct competitors bitcoin is actually facing.

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Quote from: TheUltraElite on January 07, 2021, 12:46:23 AM

You are getting a wrong idea if you are hoping to "flip Google". That is not how the economy works my friend.

While majority of the users in this forum are either owners of bitcoin or hoping to buy some bitcoin, they will feel bullish with this statement. But out there is a whole cruel world which does not run without corruption. Multi national companies (MNC) know how to keep the market in their hands and to them a new currency is nothing even if attempting to take over their capital volume in numbers.

Also don't forget that many crypto investors are also stock market investors. They go with both and honestly that is the more logical approach - when one falls you can rely on the other aka best of both worlds.

Companies themselves buy bitcoin adding it to their portfolio and thus becoming the whales. So no point saying "flip Google" but accept that bitcoin has been flipped by MNCs.

I would say you have to also look at it this way, there are a lot of companies with nearly trillions of dollars on their accounts (not their own money) that could invest into bitcoin. We have seen grayscale reach to over half a million bitcoins, over 15 billion dollars investment, and that is just grayscale, we are not talking about huge wall street guys, not jp morgan, not chase, not bank of America, not the 1+ trillion dollar companies.

Those will have to wait, and when they get into the market, they do not use their own money, sure they do not look as big as google, amazon, apple because it is not their money that is the highlighted place here, BUT they are holding more money from you and me type regular folks than all other companies have combined, apple + amazon + google do not have the investment chance jp morgan has for example. Hence when those get in, we will easily pass all of these companies.

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Quote from: dothebeats on January 06, 2021, 01:51:10 PM

It'll take some time before we overtake Google in terms of market capitalization. We'll surely get there, and Google may still get some few billion $ added to its market cap but we'll be reaching it.

If we look at the total MC, we have just crossed the magic figure of $1 trillion and Google could soon be overtaken. Although I personally am not impressed by this figure (total MC) for the reasons I stated in a previous post. It will look a lot nicer when BTC reaches $1 trillion MC, and that should happen with a price tag of around $50 000.

Quote from: Poker Player on January 06, 2021, 12:08:27 PM

I'm not so sure about that. I agree that MC is somewhat vague but scarcity pushes the price up, so I think the lost bitcoins are somehow reflected in the price. I believe that institutional investors who are buying bitcoins take into account that there is a limit of 21 million to the creation that there are already some lost, plus those that can be lost along the way.

It is difficult to speculate on something that is completely unknown to you, and the number of BTCs that have been irretrievably lost can be 1 million, but it can also be 4 million. We all know that 21 million is the absolute max supply, but only when we feel the real lack of BTC in the market can we find out how many are really lost, and how much is actually in long-term storage.

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So anyway, I applied as a merit source :)

You are getting a wrong idea if you are hoping to "flip Google". That is not how the economy works my friend.

While majority of the users in this forum are either owners of bitcoin or hoping to buy some bitcoin, they will feel bullish with this statement. But out there is a whole cruel world which does not run without corruption. Multi national companies (MNC) know how to keep the market in their hands and to them a new currency is nothing even if attempting to take over their capital volume in numbers.

Also don't forget that many crypto investors are also stock market investors. They go with both and honestly that is the more logical approach - when one falls you can rely on the other aka best of both worlds.

Companies themselves buy bitcoin adding it to their portfolio and thus becoming the whales. So no point saying "flip Google" but accept that bitcoin has been flipped by MNCs.

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Quote from: vaultman on January 06, 2021, 10:11:04 AM

I am sure that in the end, only one bitcoin in terms of capitalization will overtake all possible assets of the world, not to mention cryptocurrencies in general. Already, in a few months, the capitalization of cryptocurrencies has grown several times, and then there will only be more and more acceptance of bitcoin in society, which will entail an even stronger increase in its price.

The adoption of bitcoin is growing and it's inevitable adoption that we can see. And in that manner, the market cap of bitcoin is bound to keep on increasing and doesn't look like it will stop anytime soon. With the limited supply, with all of those lost coins, and with the halving which is lessening the rewards for the miners, it all sums up that the value of bitcoin is going to be higher each year that will pass. It will also bring some of the good altcoins or maybe entirely the whole cryptocurrency market which describes bitcoin whenever we say crypto.

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It'll take some time before we overtake Google in terms of market capitalization. We'll surely get there, and Google may still get some few billion $ added to its market cap but we'll be reaching it. Most institutional investors are taking a sway from gold and stocks, and are heading over towards bitcoin in recent times. Some die-hard gold bugs are already reconsidering their views on bitcoin, and are aptly warming up to the said cryptocurrency for 2021. They may not be directly investing any time soon, but to know that their POV regarding something that they so despise just a few years back is something really unique.

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Well, if most predictions come true, and we surpass 100k in this cycle the market cap for bitcoin would be $ 2,000 B, surpassing Google, Facebook, Amazon etc. It is a huge deal.

Quote from: Lucius on January 06, 2021, 10:00:06 AM

The total MC is really around that amount on the infographic, but it should be noted that 2/3 of that amount is what it refers to Bitcoin, and that another $150 billion belongs to the first two followers on the list. Although people like to play with numbers, most altcoins is actually pretty worthless, and it is very easy to manipulate with all those numbers. If a coin (and I won’t name it) has a circulating supply of over 100 million and a vague max supply, then it’s no different from fiat - virtual printing of new coins and pumping values lead to total market cap pumping.

I totally agree.

Quote from: Lucius on January 06, 2021, 10:00:06 AM

Even Bitcoin MC is not something we can take as a precise number, because if only 1 million BTC is lost forever, the value of MC would be lower for around $34 billion.

I'm not so sure about that. I agree that MC is somewhat vague but scarcity pushes the price up, so I think the lost bitcoins are somehow reflected in the price. I believe that institutional investors who are buying bitcoins take into account that there is a limit of 21 million to the creation that there are already some lost, plus those that can be lost along the way.

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I am sure that in the end, only one bitcoin in terms of capitalization will overtake all possible assets of the world, not to mention cryptocurrencies in general. Already, in a few months, the capitalization of cryptocurrencies has grown several times, and then there will only be more and more acceptance of bitcoin in society, which will entail an even stronger increase in its price.

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The total MC is really around that amount on the infographic, but it should be noted that 2/3 of that amount is what it refers to Bitcoin, and that another $150 billion belongs to the first two followers on the list. Although people like to play with numbers, most altcoins is actually pretty worthless, and it is very easy to manipulate with all those numbers. If a coin (and I won’t name it) has a circulating supply of over 100 million and a vague max supply, then it’s no different from fiat - virtual printing of new coins and pumping values lead to total market cap pumping.

Even Bitcoin MC is not something we can take as a precise number, because if only 1 million BTC is lost forever, the value of MC would be lower for around $34 billion.

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Crypto market cap has increased by 62% in the past 30 days to No.6 and is approaching Google.

When flip Google ?

Topic: Market Cap Crypto VS Biggest Companies (Read 168 times)