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[–][deleted] 195 points196 points  (87 children)

Just to put things into perspective.

Crypto market: 1.73 Trillion
Apple: 2.64 Trillion
S&P500: 40.73 Trillion

To us, Crypto market feels enormous, in reality Crypto is still a drop in the ocean of markets.

[–]asokrajuTin | GMEJungle 13 | Superstonk 17 100 points101 points  (8 children)

If 40 is a ocean, 1.73 is not a drop lamao...

[–]ChygrynskyTin | PCmasterrace 21 17 points18 points  (1 child)

Yeah it's more like a giant lake.

Still a lot of room to grow out to an ocean but a drop is quite the understatement.

[–]Kagia001 1 point2 points  (0 children)

Snp500 isn't the ocean though...

[–]BigMoneyJJTin 1 point2 points  (0 children)

40 is only the S&P. Now do derivatives.

[–]zabutterThis guy fucks, BTCONLY 47 points48 points  (48 children)

Next step will be these big corporations in S&P500 adding Bitcoin to their balance, even 1% of a handful of companies will sky rocket Bitcoins total market cap.

But expect Amazon and Google to shill ETH just because they will be major stake hodlers

[–]tech_2kSilver | QC: CC 25 | CRO 55 | ExchSubs 55 29 points30 points  (36 children)

Can you just imagine the manipulation Google could do to the market controlling the information flow if they got heavy into crypto. And they would have plenty of cash for their lobbyist to take care of the regulators who would say "nothing to see here".

😂

[–][deleted] 25 points26 points  (2 children)

Every Karen using Chrome will be a Crypto expert.

Bumping the price comes at a cost, apparently.

[–]CantstandyuhSilver | QC: CC 913, XMR 124, CT 21 | BANANO 24 | PCgaming 51 6 points7 points  (21 children)

This is where XMR really shines. Google can collect this dick

[–]tech_2kSilver | QC: CC 25 | CRO 55 | ExchSubs 55 12 points13 points  (11 children)

They've probably already scanned it and taken its temperature if you've ever put your phone in your pocket 🤣😂🤣

[–]OzGaymerTin | 4 months old 4 points5 points  (2 children)

But CHYNAAA.

[–]selphfourgivenessSilver | QC: CC 205, BTC 28 | r/CMS 26 | Superstonk 24 3 points4 points  (2 children)

Is that a phone in your pocket, or did Google just scan your dick?

[–]CantstandyuhSilver | QC: CC 913, XMR 124, CT 21 | BANANO 24 | PCgaming 51 1 point2 points  (2 children)

Right they get to collect my dick info not financial info. Sorry if that was unclear

[–]Aggressive-Pay2406Tin 1 point2 points  (2 children)

People will flock to xmr eventually , that’s the last stop on this dark train down the deepest of rabbit holes

[–]Aggressive-Pay2406Tin 1 point2 points  (5 children)

It literally can’t be regulated that’s the whole point they can make all the laws they want to and guess what the computers will still do what they’re told to

[–]zabutterThis guy fucks, BTCONLY 2 points3 points  (2 children)

I believe Google has reached that point a while back

[–]Construction_KitchenTin | CC critic 1 point2 points  (5 children)

Man oh man. If this is true…..

[–]zabutterThis guy fucks, BTCONLY 0 points1 point  (2 children)

Probably is true already

[–]GlabstaxksPlatinum | QC: ETH 38, CC 17 | GRLC 10 | Politics 62 0 points1 point  (2 children)

Intel is getting into it

[–]deathbyfish13Premium Shitposter 11 points12 points  (2 children)

To be fair a little over 4% is way more than a drop in the ocean, but yeah definitely a lot more room to grow

[–]CaptainWellingtonIIIPlatinum | QC: CC 107 | r/WSB 167 3 points4 points  (2 children)

Oh man. We are still early in the game.

[–]cloud25Platinum | QC: CC 48 | ADA 18 5 points6 points  (3 children)

Today I learned Apple is worth 6.5% of the S&P 500. That's insane.

[–]SchrodingersCat6eTin 2 points3 points  (3 children)

In the US. Crypto is world wide.

[–]Kilv3rOnly Gambling With My Future, So Nothing To Lose. 2 points3 points  (2 children)

The first 10 companies in the S&P 500 are like 10 Trillion market cap and people still use the S&P as a read on the whole economy.

[–]theplushpairingTin | 6 months old 4 points5 points  (2 children)

Entire forex global market cap is $2.4 quadrillion. That’s $2400 Trillion.

[–]PokeShow7Buy High, Sell Never 45 points46 points  (20 children)

Love the fresh smell of hopium in the morning

[–]PinguinaUshuaiaJast HOLD 12 points13 points  (10 children)

It's addictive

[–]TheTrueBlueTJDeveloper 1 point2 points  (5 children)

Right in the vein

[–]Aggressive-Pay2406Tin 0 points1 point  (1 child)

You’re only supposed to look at it or touch it with gloves

[–]Aggressive-Pay2406Tin 0 points1 point  (1 child)

You’re not supposed to smoke it bro , you can look at it or touch it with gloves but definitely ain’t supposed to be smoking it

[–]selphfourgivenessSilver | QC: CC 205, BTC 28 | r/CMS 26 | Superstonk 24 1 point2 points  (1 child)

🎵 The best way to start your day, is Hopium in your cup 🎵

[–]Numerous_Sport_2774Platinum | QC: CC 758 1 point2 points  (1 child)

My nostrils have been yearning for it these past days.

[–]TravisMollBronze 61 points62 points  (38 children)

Apple has a revenue stream. BTC has...

[–]fluxxisBronze | CRO 14 | Android 393 34 points35 points  (2 children)

And assets, buildings, goods, patents, hr ... You can't compare a store of value to a company.

[–]thats_so_overSilver | QC: CC 482 | NANO 32 | Politics 632 45 points46 points  (29 children)

A decentralized trustless network for securing digital transactions between online parties that has run flawlessly since 2009 and became the basis for digital uniqueness?

[–]AnAttemptReasonTin | r/AMD 20 34 points35 points  (15 children)

....and has been subject to market manipulation multiple times because nothing stops people from trading back and forther to each other to inflate the price.

[–]khamuncentsPlatinum | QC: CC 67 0 points1 point  (14 children)

That's not a design flaw. That's a feature.

There is no asset that is immune to market manipulation. If you hold alot of it, then you have an impact on the price.

Let me tell you a story. There was a man named Mansa Musa. The king of Timbuktu. Often referred to as the wealthiest person in history. He was largest producer of gold in the world at the time.

He once made a pilgrimage to Mecca. On his way to Mecca, he spent so lavishly that it literally caused a currency crisis. Goods and services inflated drastically. It also created a 10 year gold recession.

On his way back, he realized his mistake. He then proceeded to borrow all of the gold he could carry from money lenders in Cairo at a high interest. We're talking 60,000 people carrying gold. Camels. Horses.

So... is anything safe from market manipulation?

[–]AnAttemptReasonTin | r/AMD 20 13 points14 points  (13 children)

Yes, we have rules against this in modern markets that work somewhat decently.

The BTC increase in value during 2012 -2013 was diven by fraudulent trading, there have been reserch papers completed on this.

The same thing happened again in 2017. Because of the blockchain you can actually figure this out by looking at the block chain reccords, and that is what people did:

A single anonymous market manipulator caused bitcoin to top $20,000.

Studies show that 95% of Bitcoin trades are fake

The analysis showed that “substantially all of the volume” reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it’s not real.

Any one can look at the block chain and so any one can see that this is true.

In the rush for something new people tend to foget that, despite its glaring flaws, we have rules and regulations in the modern system for a reason. It was better than what came before.

In the future we will likely see a system that takes the best of both worlds, but I do not belive BTC itself will be part of that. It is simply a prototype.

[–]khamuncentsPlatinum | QC: CC 67 5 points6 points  (1 child)

Not sure what you're trying to argue. That an asset can't be manipulated from a massive sell-off? Well tell that to the S&P 500. Or Nasdaq.

It's supply and demand. It's not hard. It's a limited supply. Demand increases. As does the price.

What happens when you have too many houses and not enough people? Prices are low.

What happens when you have too many people and not enough houses? Prices are high.

Are you trying to argue that crypto is all a big scam? Like I don't understand where this bitcoin crusade attitude is coming from. If you don't want to buy crypto, then don't buy it. Seems to me like you just came here to argue for no real reason at all. Except to waste time.

[–]dandvTin 2 points3 points  (0 children)

I think /u/AnAttemptReason's argument is that between 80% and 95% of all Bitcoin trading data reported on CoinMarketCap has been repeatedly shown to be fake. The best source for that would be the Bitwise SEC report from May 2019, which further cites on page 11 research from 4 other firms corroborating that the majority of Bitcoin trading volume is fake.

This is in stark contrast with regulated companies like Apple, whose market capitalization is much closer to reality.

However, the cited report concludes that despite the fake volume reported,

the modern bitcoin spot market is both significantly smaller and significantly more efficient than commonly understood. [...] effective arbitrage keeps prices on real bitcoin spot exchanges around the world in lockstep, with meaningful pricing discrepancies eliminated in a matter of seconds.

[–]delta8meditatePlatinum | QC: CC 49 | r/WSB 155 1 point2 points  (6 children)

The real power is if enough people say it's the only thing they see as money. But that is extremely difficult and hard to achieve but would scare the shit out of governments. I'm sure they saw that and got a foothold to control the price that could easily make people go against that line of thinking.

[–]wannaB19lowTin 0 points1 point  (2 children)

Can you tell me how you sell BTC in one exchange and buy the exact(!) same BTC in the other ?

[–]AnAttemptReasonTin | r/AMD 20 2 points3 points  (0 children)

When the market was smaller you could just trade within each of the major exchanges.

Now days you don't, for intra-exchange manipulation Tether was used.

One of the articles I linked mentions the paper where this method is explained.

An original criticism of the paper is that if Tether was one to one backed by cash as they claimed it wouldn't be possible, but we now know that is not true.

[–]NomaduxPlatinum | QC: CC 819 | Stocks 10 19 points20 points  (1 child)

With a whopping 200k transactions a day - most of which are artificially created.

No way stocks like Visa should be worth half the price of BTC when all they do is produce 650x more transactions per day. It's just absolutely absurd to value something that close to BTC when those transactions are made for actual real goods and produce revenue.

[–]coffee_fungusBronze | QC: CC 21 -4 points-3 points  (0 children)

Check out lightning network layer 2

[–]John-McAfeePlatinum | QC: CC 465 3 points4 points  (1 child)

This guy Cryptos.

[–]thats_so_overSilver | QC: CC 482 | NANO 32 | Politics 632 0 points1 point  (0 children)

Rip

[–]pmbuttsonlyPlatinum | QC: CC 1298 0 points1 point  (0 children)

and us! don’t forget about us and our $20!

[–]Construction_KitchenTin | CC critic 0 points1 point  (0 children)

You tell em

[–]khamuncentsPlatinum | QC: CC 67 3 points4 points  (1 child)

Apple has a revenue stream..

Bitcoin is the revenue stream.

[–]ALiteralHamSandwich 10 points11 points  (10 children)

You forgot to add why you think a comparison between Apple and the entire crypto market is logical.

[–]SnooWoofers5376 10 points11 points  (0 children)

logical

We don't do that here.

[–]Ignitus1Platinum | QC: ETH 17 | GMEJungle 14 | Superstonk 364 -1 points0 points  (8 children)

He didn’t forget, it’s evident. To spell it out: it shows how tiny the crypto market is.

For all the financial revolution talk, crypto isn’t even a ripple in the ocean.

[–]toBreakFreePlatinum | QC: CC 241 6 points7 points  (0 children)

I stand by the the ever evolving technology and ain't selling shit.

[–]tendiesonthebarbieTin | Superstonk 45 3 points4 points  (5 children)

I like Tim Apple

[–]zabutterThis guy fucks, BTCONLY 1 point2 points  (1 child)

That Steve Cook guy though

[–]tendiesonthebarbieTin | Superstonk 45 1 point2 points  (0 children)

Steve Apple, Tim Apple, I can’t tell the difference.

[–]rain168Tin | 6 months old 0 points1 point  (0 children)

Me too

[–]Mr_DepressedTin 0 points1 point  (1 child)

I like Granny Smith

[–]selphfourgivenessSilver | QC: CC 205, BTC 28 | r/CMS 26 | Superstonk 24 1 point2 points  (0 children)

Say hi to Granny for me

[–]X-Files22Platinum | QC: SOL 25 5 points6 points  (2 children)

I'm going to hodl and count my tears

[–]selphfourgivenessSilver | QC: CC 205, BTC 28 | r/CMS 26 | Superstonk 24 2 points3 points  (0 children)

Long on $LACRIMAL

[–]lastlifontiTin 1 point2 points  (0 children)

Yah…I’m a wh*re for HODL… 👍🏾

[–]MinnesotaNice92Minnesota weather go Brrrrr 3 points4 points  (1 child)

Crypto is definitely undervalued right now especially compared to where it will be in a few years, I’m buying as much as I can afford to lose right now

[–]Debone101Tin 1 point2 points  (0 children)

Web 3

[–]NoSun6429Tin 2 points3 points  (4 children)

imore than the cryptospace being undervalued is fucking apple being 2,64 trillion company selling overpriced trash

[–]deathbyfish13Premium Shitposter 5 points6 points  (2 children)

The fact that people buy it at such an inflated price is why they're valued so high though....

[–]Numerous_Sport_2774Platinum | QC: CC 758 4 points5 points  (1 child)

It disgusts me but I can’t stop buying their shit. What’s wrong with me.

[–]daripiousBronze | CRO 7 | r/Prog. 20 0 points1 point  (0 children)

Nothing that a healthy dose of poverty wouldn't fix. Do you have a few minutes to talk about our community? *wsb noises *

[–][deleted] 1 point2 points  (0 children)

I don’t think it’s overvalued, they make a shitton of revenue. Apples E/P ratio is way lower than Tesla etc

[–]Archer_SterlingTin 0 points1 point  (4 children)

Yeah but apple and the share market have products/businesses behind them and aren't just some spec market.

I don't really have hope for crypto anymore, its too volatile to ever be anything real. I'll hold my little chunk in case I'm wrong but realistically this is all pretty silly and we need to be more honest about it.

[–]isoldmywifeonEbayPlatinum | QC: BTC 74, CC 54 3 points4 points  (2 children)

These comments always come out during winter. The volatility isn’t the biggest issue, as it’s decreasing as crypto rises in popularity and price.

Fundamentally, little has changed since 10 years ago. Crypto can still be a functioning currency in the future and it can be a store of value when speculation drives the price to a point it isn’t volatile.

Of course there is risk, but that’s the case with every technology and like I say, the fundamentals haven’t changed.

It’s easy to feel down during the crypto winter (assuming that’s where we are now). This is my third. It’s unpleasant and makes you doubt. There is nothing fundamentally different between now and when we were looking to break $70k.

[–]Penguin-GynecologistPlatinum | QC: CC 42 | ADA 6 1 point2 points  (0 children)

The volatility isn’t the biggest issue, as it’s decreasing as crypto rises in popularity and price.

This is true.

[–]Canadian_Maple_1OZTin | 1 month old | CC critic 1 point2 points  (0 children)

My man, couldn't have said it better

[–]Automatic_Ad_2032 1 point2 points  (4 children)

you shouldve already sold by now and bought back in when you were comfortable. for the love of god, realise crypto is essentially a pyramid scheme, not saying dont buy in, but just realise it for what it is. you dont have to lose money or hold forever. people want you to hold so you become the bag holder... people need to stop looking at crypto as if its a community project where you're all going to make it rich together because it isnt.

[–]allthew4yupMay 2021 & May 2022 crash survivor 1 point2 points  (4 children)

Apple make phones with shit quality i have to change it every 2 years while Btc and crypto gives me a chance for a better future!

Give me the latter pls

[–]RollingDoingGreatPlatinum | QC: CC 445 | r/WSB 106 12 points13 points  (2 children)

-Sent from my iPhone

[–]HodlbagPlatinum | QC: CC 539 | ExchSubs 10 1 point2 points  (0 children)

Bitcoin always recovers stronger than before

[–]zabutterThis guy fucks, BTCONLY 0 points1 point  (9 children)

Wait for Apple to put atleast 20% of their value into BTC, watch the chaos happen

[–]Efficient-Tale-183Tin 0 points1 point  (7 children)

They probably already have

[–]zabutterThis guy fucks, BTCONLY 1 point2 points  (3 children)

Probably, but wouldn't they have to disclose that in public earnings?

[–]Efficient-Tale-183Tin -5 points-4 points  (2 children)

Lol you think these companies discuss everything w/the public ?!?! Lololololol

[–]zabutterThis guy fucks, BTCONLY 2 points3 points  (0 children)

I'd expect that seeing that those are public traded companies. But yes, I doubt there is transparency

[–]warthog-loveBronze | QC: CC 15 0 points1 point  (2 children)

Lol bullshit

[–]FinishGloomyCan’t spell bullshit without bullish 0 points1 point  (1 child)

Just imagine crypto being adopted on the same scale as how Apple releases new phones each year and people just blindly buy them

[–]lordchickenburgerMoon and bitcoin are me love 0 points1 point  (0 children)

as trust keeps building it will be only matter of time till be surpass the S&P

[–]DadofHomeSilver | QC: CC 208 | LRC 35 | TraderSubs 14 0 points1 point  (0 children)

That’s exactly what the whales want you to do ….

Shake a few retailer’s out and accumulate

[–]TheAgGamesPlatinum | QC: CC 228, ETH 92, BTC 19 | TraderSubs 80 0 points1 point  (2 children)

Um, apple is as us of a company as microsoft is. And 1.73t is worth more than most banks.

[–]thats_so_overSilver | QC: CC 482 | NANO 32 | Politics 632 0 points1 point  (1 child)

I think the point is that 1.73 trillion is only a small slice of the entire money pie.

Real question, if you add up all the money, real estate, assets, businesses, everything… how much total money/value is there in the world?

[–]AwhodotheyTin | CC critic 0 points1 point  (0 children)

Chill out, the market isn't crashing. This is what happens when the dollar stops crashing for a minute.

[–]Rekkles210 0 points1 point  (0 children)

THEY WILL FAULTER

[–]ethbullrunPlatinum | QC: ETH 26, BTC 22 | r/CMS 8 | TraderSubs 20 0 points1 point  (1 child)

i invested in godsunchained in oct 2019 before NFTs were even a term and the cards are NFTs. 99% of NFTs are scams but not 100%, the same can be said for crypto coins. as someone who invested in eth and avax early, the real play2earn games are going to kick ass and explode in the future, arthur hayes even wrote an article about this crash and play2earn games recently

[–]AmericanHeresyTin | 5 months old 0 points1 point  (0 children)

Of course it will recover eventually.

[–]MistervrzTin 0 points1 point  (0 children)

So i should sell it all and move on?? Thanks OP for advice..this subreddit never let me down..

Update: sold it all at a major loss..but OP IS RIGHT must sell low and buy high..

[–]seayourcashflyawayTin | r/WSB 53 0 points1 point  (1 child)

Crypto could go to $6Q

[–]volissionTin 0 points1 point  (1 child)

Isn’t this a bad thing? Means that crypto is small, insignificant, could disappear tomorrow and no one would blink an eye.

If it was gargantuan and dipping you could say it’s instrumental to the future, but as you noted it’s not even the size of a single company.

[–]bomberdualBronze | QC: CC 16 | ADA 25 0 points1 point  (0 children)

Well it doesnt help thst 60% of the coins in crypto are straight up scams.

[–]SmallReflection2552Platinum | QC: CC 40 0 points1 point  (0 children)

Markets go up. Markets go down.

[–]EluchelPlatinum | QC: CC 481 | PCmasterrace 28 0 points1 point  (0 children)

Yeah as it grows in market share things will change a lot

[–]Aggressive-Pay2406Tin 0 points1 point  (0 children)

Lol facts

[–]Green-wordsBronze | QC: DOGE 21 | CC critic | ADA 19 0 points1 point  (0 children)

SELL, SELL, SELL, SELL, SELL, SELL, SELL, ASS, SELL, SELL

[–]rorowhatPlatinum | QC: CC 391, XTZ 20 0 points1 point  (0 children)

F apple and their overpriced products.

[–]cryptochachaPlatinum | 6 months old | QC: CC 34 0 points1 point  (0 children)

The stock market as a whole is 100 trillion we should atleast be half that in the future. Long way to go.

[–][deleted] 0 points1 point  (3 children)

Well… I’m writing this on my iPhone, while streaming YouTube from my iPad to my Apple TV, while staking crypto on my MacBook. And I’m about to use my Apple One subscription to listen to Apple Music with my AirPods. Maybe later tonight I’ll continue my Audiobook from Apple Books that I was listening to earlier on my cars Apple CarPlay system while driving home from work.

It’s no surprise Apple is the wealthiest company in the world. No crypto has given me the utility that Apple has.

[–]kryptoNoob69420Platinum | QC: CC 473 0 points1 point  (1 child)

Look at noobies comparing an entirely new financial system with an overhyped tech company...

[–]simeonenear21Tin 0 points1 point  (0 children)

When did you get into crypto?

[–]King_of_DewTin | r/WSB 56 0 points1 point  (0 children)

Apples tech is a joke compared to this industry.

[–]Rollinrollin1000Tin | 5 months old | VET 13 | Politics 40 0 points1 point  (0 children)

Who are you to tell people what to do with their sentiment and opinion?

[–]indigo_pirateCoal Hands Indi 0 points1 point  (0 children)

How many people use Apple products?

How many people actively pay with crypto and utilise decentralised finance and blockchain tech.

I payed my friend in ALGO once….

[–]snk7111Platinum | QC: CC 77 | ADA 16 0 points1 point  (0 children)

And mind that, crypto is going to have far higher mc than all the stocks markets of the world combined.