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Is Bitcoin surge driven by paid-publicity (similar to US election story)?

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Is Bitcoin surge driven by paid-publicity (similar to US election story)?

#1
Help me understand why this strategy would fail.

Let's assume I got 100M$ with me.

Step 1: Purchase 70M$ worth of bitcoins.

Step 2: Spend 30M$ marketing bitcoins as the next big thing

Given that bitcoin is a pretty good product, the additional marketing would help convince people to invest in it.

Step 3: Convince 1000 other 100M$+ net-worth individuals to do this.

Step 4: Let it surge. Wait till the combined worth of 1000 investments above is At this point there is about 30B$ of marketing budget. 3 times of what Samsung spent on marketing in 2016.

Fake news, facebook & twitter ads that influenced US elections proved that it's possible to do something like this. At this point, it's worth mentioning that 'Bitcoin is a great product' unlike the former case.

Doing above is possible with any public stock but it's probably illegal. With Bitcoin I am assuming there is no such check.

So what's stopping people from doing this?

Anyone else thinks this is how it's happening already?

Related article:

[1000 people own 40% of the market]

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

Re: Is Bitcoin surge driven by paid-publicity (similar to US election story)?

#9
Why pay for the marketing when every major news outlet in the country will continually cover the story as the price continues to rise wildly and as major financial institutions get invested?

I run multiple browser plugins to block ads on my browser, but has anyone actually seen Facebook, et al ads for cryptocurrency?

Re: Is Bitcoin surge driven by paid-publicity (similar to US election story)?

#10
> Fake news, facebook & twitter ads that influenced US elections proved that it's possible to do something like this.

but Hillary lost.

Facebook has identified $100,000 of ads that came from accounts associated with Russia.

Clinton and Trump combined spent $81 million on Facebook. [1]

[1] https://techcrunch.com/2017/11/01/russian-facebook-ad-spend/

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