Post
Topic
Board Speculation
Re: Results of your attempts to inform/promote [btc]. (Yeah how did that work out?)
by
MatTheCat
on 11/06/2016, 13:20:30 UTC

Just wondering if folk have had the same experences that I have had in the promotion of BTC. If so chime in here.

I'm sure we have all been cheerleaders for BTC in the past....let it wane when BTC was 200 usd or so.....and now as BTC is


Don't cheerleader Bitcoin at all.

It is a highly volatile high risk commodity, that I happen to have gotten into trading. I give people an account of what I think it is going to do and nothing more. If anyone doesn't know me (or Bitcoin) that well, then I shall mention to them that with Bitcoin, I can buy drugs on the internet. I may also mention that I can buy or pay for other things on the internet with it as well, but doing so is generally not advantageous when compared with debit card, and/or Paypal, for numerous reasons.

I may mention to them that whilst crypto is here to stay, I very much doubt that Bitcoin is. I may describe how Bitcoin can often take hours to confirm a transaction, or how limited and complex Bitcoin is for coders to work with, or how the Bitcoin p2p network has become so power hungry, that it will soon take prices of $500 minimum per BTC, in order for it to be worth miners while keeping it all running, or how there are new 'Crypto 2.0s' that do a better job of pretty much everything, but which at this moment in time, are a very distant 2nd to Bitcoin in terms of liquidity and Market Cap.