Bitcoin is successful due to mass media marketing

[Crypto Kris]

Bitcoin is successful due to mass media marketing.

 
Bitcoin is by far the most understood cryptocurrency in the general population.  Most people have heard of bitcoin, own it, or know somebody that owns it.  It’s hard not to get swept up in bitcoin mania, when there are millions of bitcoin videos on YouTube, financial experts talk about it, Netflix produced a documentary on in and shorty after releasing this it, the price of bitcoin spiked. This is where the problem lies with bitcoin, it’s too well known, which could possible make it the worst investment one could make in the cryptocurrency market.  Bitcoin, as the first mass adoptive crypto has already had its day in the sun and is already extremely expensive, it’s exploded in price by a few hundred thousand percent. In 2009 the price of a single bitcoin was a few cents, fast-forward to 2019 and the price of a single bitcoin is now well over $5,500.  A far better investment would be to look at alternatives to bitcoin, these coins are called altcoins.  Altcoins are far cheaper, have a little more risk, and have not reached mass adoption in the global crypto market, meaning they are prone to explosive moves, some upwards of 10,000 times your original investment.  While searching through the extensive list of altcoins I came across a real gem, this altcoin is called canyacoin CAN, it powers the freelance platform called canwork.io Canya is an Australian start-up and aims is to disrupt the $2 trillion services economy via the usage of a cryptocurrency, hence lowering the fees of the platform.  Canyacoin CAN has a current market capatilzation of $1.5 million USD, it charges a 1% fee to use its platform.  Its major competitor is called Upwork , currently valued at over $2.2 billion USD and it charges a gigantic fee of 20% to use its platform.  As you can clearly see freelancers may cancel their accounts with Upwork in favor of a 20 fold reduction of fees on canwok.io A natural flow of freelancers will move towards cheaper fee based platforms as they seek to regain more monetary compensation for the valuable work that they contribute to the freelance gig economy.  Upwork may struggle to attract and retain freelancers as the momentum builds throughout freelance community shifting focus from the current price gouging platforms on offer to them.  Social media will amplify their voices and enable canwork.io to really succeed.  This is why I believe this altcoin is extremely undervalued and extremely oversold and is due for a massive bounce.  Buy canyacoin CAN now!
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[Asebaby]

For sure the social media is one of the marketing platform for Bitcoin but take a look at this information,it will help to know why bitcoin became a popular currency. https://www.quora.com/What-is-bitcoin-Why-is-it-so-popular

[Crypto Kris]

Being popular doesn't always mean that you will stay popular... as the altcoin market is gaining traction

[trauchot]

I agree that the mass media greatly influences both the positive and the negative possibilities of bitcoin, but at the moment, of course, the price of bitcoin itself depends only from manipulators that they can easily do with bitcoin what they want.

[Watu_pawon]

yes, it's true of everything you say, and I really believe that marketing with social media is very helpful in speed.

[tonymillions84]

you may also notice that fiat currency is not the solution. the world  povert rate is on the raise and people are quiting their job in other to become independent. bitcoin is decentralized and people like it just like that. we all prefer a decentralized solution to the world  financial mismanagement.

[Filo]

Mass media marketing is not enough for success. Without its amazing technological background and revolutionary idea Bitcoin would disappear ina few months.

[Xtinah]

Of course, mass media helped greatly in the success of Bitcoin. Creating awareness on social media made people to know more and understand bitcoin before diving in.

[Arybes]

really, the role of mass media in marketing bitcoin is very large. through the mass media, bitcoin has become known by many people. as good as a prodok if it's not known, i don't think it will sell.

[sampoerna]

Marketing strategies always give the best results for any business or offer. Likewise with Bitcoin. However, this also must be balanced with the quality offered. Bitcoin itself needs a long time to be known by many people to finally become the current king of crypto. The level of trust of investors or holders of Bitcoin is increasing because its value is increasing with the increasing number of users or holders.

[damsix]

It's true, when viewed from the founding of Bitcoin until now, it takes 9 years to raise the price from 0.1 USD to 5000 USD.
Broad media such as the internet and forums are the best way to market Bitcoin.

[mimikri]

Being popular doesn't always mean that you will stay popular... as the altcoin market is gaining traction

Not so much as Bitcoin. People do not stop to discuss BTC. Turn the TV on, and you will hear the news about this cryptocurrency. Mass media adds it popularity.

[sampoerna]

It's true, when viewed from the founding of Bitcoin until now, it takes 9 years to raise the price from 0.1 USD to 5000 USD.
Broad media such as the internet and forums are the best way to market Bitcoin.

The value is already around $8,700 - $8,800 nowadays. Mass media marketing is always crucial to attract people interest. They know how to make the news provides positive impacts. I think without mass media marketing, Bitcoin will be hard to improve.

[zilzylian]

Social media and some of the best information on blogs and articles have indeed helped to invite crypto new investors to be more familiar with how to use and invest in crypto. This year there are not many negative issues, but this year is the year when Bitcoin prices continue to rise and rise

[banknet_ICO]

I believe that media has done allot for bitcoin, but there are bunch of other factors that determine bitcoins price, especially now days.