11–20 of 63 posts
Why does crashing the market make sense if it’s a good product?
It's probably like a great social network totally filled with 'tag-your-friend' posts.
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?
Twitter is full of ads for ICOs at the moment (probably only if you are in the subset of users who are targeted).
This is possible and does happen in penny stocks where stocks go from couple of cents to couple of dollars or maybe in 100s. But, in 1k or even 10ks? I seriously doubt it.....Unless there is a story behind the volume and there is some serious round trip trading going on: https://www.investopedia.com/terms/r/round-triptrades.asp
If you can convince 1000 people to invest $100M each with just $30M in advertising, you're some kind of marketing Einstein of our generation.
If I am the one with $100M, I will likely have enough connections to start the ball rolling.
Well the assumption here is that general public or the dumb money can actually create a rally which increases in multiple of 1000s. This is possible and does happen in penny stocks where stocks go from couple of cents to couple of dollars or maybe in 100s. But, in 1k or even 10ks? I seriously doubt it.....Unless there is a story behind the volume and there is some serious round trip trading going on: https://www.inve…
> 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/
Why does crashing the market make sense if it’s a good product?
A good product for what, exactly? Fast, decentralized, small monetary transactions? Because right now BTC is pretty awful at that.
Since its inception it's an exceptionally good store of value over the medium to long term.