Bitcoin Forum

I was look online at so many videos about bitcoin. Its seems to me if we all started making more videos and posting them a couple of times a day on our site of choice will eventually make more people buy them and the only who are stocked or are trying to stock some will be RICH within a year if enough people join in... Just a thought. What do you guys think? I was even thinking of starting bitcoin pool like a lottery office pool type thing. Afew people put there money together to buy more bitcoins and everyone get a cut when we decide to cashout! lol  ;D thanks for reading guys.

I think you are a disgrace to the currency. This is not how it should be done. You basically described how to set up a pyramid scheme...

No need to pool money when you get the same amount for one dollar as you do for 100 people putting in 1 dollar.

And, why would you "cashout"? Are you a big fan of the dollar? You might want to do some videos promoting that currency instead.

How in heaven's name is Bitcoin currency a pyramid scheme "on the $ side"!? WTF

Putting resources in a pool and buy bitcoin together with collegues is not a ponzi, it is a shared risk, if BTC price rises, instead of cashing out try to find BTC accepting stores and buy something you like with your bitcoins, throw a btc funded party, go on a btc paid company trip even :)


Uploading video's does not make you rich, it only pollutes the web and smudges bitcoin with crappy vids.

OP is thinking of setting up a pooled investment scheme.
Not necessarily a pyramid scheme.

yeah but no point to do that. bitcoins are divisible...each person can get their own coins.

Maybe by pooling they can save .05% in transaction fees?

If there are people who are ignorant about the process of buying and storing bitcoins, such schemes can help.
When you have an ETF being launched, you can definitely have such collective investment schemes. ;)

What means pooling? sorry for noob question

Hey Made4TVGecko, are you the infamous Mr Ipad Chain aka Famos Amos from the Bitcoin videos on Youtube?

https://www.youtube.com/watch?v=rAfOCqgS8gs

Love that video.  If you keep making videos like this like once a month, definitely good for the common internet user for Bitcoin exposure.  Get them interested and hooked.

About the pool money scheme, not so sure, as it's a high risk proposition due to market volatility.

But keep makin' those vids!

yes, but here is a perfect site for him

gawminers.com

Well true but better left to registered ETF. Too many problems could happen buying and storing coins for friends etc.

wow brother nice post, very informative, the only thing you are missing is your referral link :)

the last thing bitcoin needs is a bunch of undereducated misfits plastering the net with contradicting videos that inform new adapters how childish and stupid we are.

That I agree.
If the amounts are significant, go for an ETF.
For small amounts which people want to punt, such pools are okay.

Pooling with money means a lot of people putting their money together. They 'pool' their money together.

Sometimes useful for larger purchases that just one person cannot afford but many people together can afford.

Useless in the Bitcoin world since you can send $5 to an exchange and buy $5 worth of bitcoins.

Interesting theory about Bitcoin market...but not quite sure if it is the right one.

The way you describe it makes btc sound like it's some kind of  a ponzi scheme. It's not like when new joiners coming in and then it's time for you to cash out. Most people here like myself believe in the concept and how things get put together in bitcoin. It's more like an interest to see the development of the coin.