Bitcoin Forum

Have you seen the recent decline in the value of Coca-Cola?
The company said after Ronaldo dropped Coca-Cola in a strange move:


After this session, Coca-Cola shares fell 1.6% in the stock market, and Coca-Cola rose from $ 242 billion to $ 238 billion. _{However, after that, it regained its value in the market.}


It's interesting to me! If Ronaldo makes the same move with Bitcoin and defines Bitcoin this time instead of destroying it, will we see a huge increase in the price of Bitcoin?

Ronaldo is someone that at least everyone in the world has heard of, and if he supports Bitcoin, we will see an increase in the number of buyers in the Bitcoin world.

Ronaldo meeting video:
https://www.youtube.com/watch?v=DcFx1VEDdbs (https://www.youtube.com/watch?v=DcFx1VEDdbs)

First of all, if an influencer ever said anything about Bitcoin it'd have a temporary effect and you shouldn't be happy about that. It's called pump and dump; Ronaldo's words wouldn't increase Bitcoin's value, they'd just make investors panic temporarily.

You, yourself, said that Coca-Cola stock regained its previous price. Same thing would happen with Bitcoin. A person can't affect the price of a commodity/stock in the long-term.

for me this is an inconsistency, why is that? imagine if this continues to be a reference for how a product, stock, even crypto, then this has a bad impact. where millions of people risk their finances there. Small traders cry seeing this, despite the positive points that invite many people to consume mineral water and reduce carbonated drinks. the problem is the influencer can easily change it in one second.

I don't agree that Bitcoin should be treated this way.

I guess Ronaldo wasn't that an avid fan in the crypto space and I guess it's a good thing if he ever supports it but I doubt if it will have that huge effect on the market after the effect subsided. I don't like how it goes with the Musk stunt to be honest, I guess there should be limitations to these celebs not to take part of it moving the market especially these huge personalities, just my two cents. The crowd goes gaga with them even with those small movements they make.

I think he made the right decision. The drink is really bad for the body and could get people easily addicted to it. I wonder if there is any nutritional/good benefit of drinking it. Can they not make it healthy/safe for human consumption?

I think we shouldn't rely too much on popular personalities to increase the price. They could aswell be used to crash it. It should be from stable, decentralized investments and investors

The more interesting discussion for me is how people say certain celebrities have too much influence over the price of crypto, yet those same people don't seem to care as much about this story.

I'd be interested in knowing how much of the Coca-Cola dip was led by algorithm (HFT), versus how much of it was actual, real live humans making trades.  Probably one of those things we'll never know, though.

What's the use of such value if it has to come from one single person and not because of the product's actual worth ?
The price would only increase because there's an influence over it and it would probably decrease if the influence is gone.
If the price increases because people realize that it is worth it then the chances of decreasing in price becomes very low.
That's what happened with Elon Musk. I am happy that we faced the current decline because now we know the actual price of bitcoin.

it can't be denied, ronaldo is already a big figure in the world of football, the first time ronaldo was willing and accepted to be paid with crypto, all of that was good but we shouldn't take the measure with ronaldo accepting bitcoin, bitcoin getting better, bitcoin does not depend on famous people, but bitcoin depends on market prices, about ronaldo not drinking coca cola, I think coca cola may not be a drink that makes athletes' bodies fit, maybe there are other problems between ronaldo and the owner of the coca-cola company,

ronaldo has accepted that he is paid in bitcoin, meaning ronaldo is pro against bitcoin, ronaldo can be said to be an athlete who is widely known by the world, maybe he accepts bitcoin, maybe bitcoin enthusiasts increase, the problem is he refuses coca-cola maybe he hates israel, i know ronaldo hate violence, so he refuses to consume coca cola, as a sign of protest against the company, because they have given their income for war equipment.

Yes, I agree with what you are saying, because here we cannot see only the positive side but also the negative side.
it is true that if influencers participate in bitcoin it will be good and increase the market price because it is an instant way. but you must also remember that everyone can raise and can drop. we can take an example from the case of Elon Musk that occurred a few weeks earlier.

Ronaldo gets paid a lot of money in sponsorship. He probably thought that nobody has paid him to promote Coca Cola so why should he look like he’s advertising it for free. I wish Ronaldo would speak positively about bitcoin or something, it’d send the price up.

this is the strength of someone who has a lot of basic support.
if ronaldo participates in bitcoin of course this will have a huge impact on price increases because by just moving a bottle of cocacola ronaldo can destroy some of their shares. imagine if ronaldo can acquire and introduce him, how will the response from his fans and i'm sure it will be great if he can buy here

Bzzzt, never heard of him.
Even if I had and he is some sort of celebrity I still would not care a single bit about what they say as I do my own research and rely on data for decisions. Not some random person's personal opinions.

Cristiano Ronaldo became the first soccer player to be rewarded for his achievements in cryptocurrency. He currently plays for Juventus Turin and has received 770 JUV tokens. For every goal scored in his career, 1 token. Worth + $ 11,000 at the time. I think he has so much money and keeps getting "little things" for free.

https://www.socios.com/ronaldo-wird-der-erste-spieler-der-mit-digitalen-vermogenswerten-belohnt-wird/

Substitute coca-cola with a gold plated bar and water with bitcoin. Ronaldo taking the bar off the table and saying "buy bitcoin instead" would be fun hehe. That may affect the price in the short term.

I doubt he'll endorse BTC. His financial advisors will recommend a fan token.

Is there any nutrition in water?

As for Ronaldo himself, he's just a hypocrite like the rest
https://i.imgur.com/NTwHAwv.jpeg
Coca-cola was pretty good when they were paying him, now that he doesn't receive checks from them he drinks water. Wait till Pepsi bribes him with a few million!

Btw, doesn't this attitude remind you of somebody?
Who said bitcoin was the future then turned against it and said it's bad for the human body environment?  ::)


Probably the algorithm did much of the damage, the sell-off was way too fast for most traders, especially since the US is not that interested in football and especially a news conference after a game in Europe. The interesting part is that in this case is not actual Ronaldo who did the damage but most likely all those "influencers" who started their avalanche of tweets and posts.

coca cola is number one beverage giants in the world, they sponsored in euro 2020,
cristiano ronaldo is start player and most popular football celebrity in the world.
i don't think he opposes coca cola for didn't get paid from coca cola.
coca cola is harmful for human health so that he preferred drinking water in place of coca cola.

So that is what happened, if he is paid to do then he is happy to promote them but i wonder whether UEFA will take any action against him because they are the official sponsors and that only action by Ronaldo cost them billions in the share market.

We do not need anyone promoting Bitcoin and we have seen many in the past who promoted and we jump to their tune because they are promoting our coin but then they will turn against Bitcoin for different reasons.

Ronaldo got a huge following and that's for sure. And the same as Elon Musk if ever he's going to say something positive about bitcoin then we're for sure going to see that there's going to be a massive increase in it. That move he made with Coca-Cola had affected its shares negatively but as usual, scalpers will take the chance and will eventually regain its value. But how can we know if Ronaldo is going to support the idea unless it's going to come from him. But needless to say, with any influencer's promotion or without, bitcoin is going to continue to thrive the usual way that we have seen it before.

We have seen how much influential people can affect Bitcoin price just by their words. So it is possible for Ronaldo also. I hope that he doesn't do such thing. The market has not been in a good condition for some time. It'd make things even worse.

Peolpe are just over reacting on things they see thats why we see a constant changes happens especially to the price of certain products, but I believe that is only temporary events since for sure manipulators are using that scenario just to degrade the value of stocks of Coca-cola. But for sure it will bounceback maybe the whales are accumulating now and wait for another good time to sell.

I am guessing he, Ronaldo didn't know this when he was promoting Coca-cola back then right? All of them are the same, something is good once they are getting paid for it and no longer want to support it when it's not. We understand that Ronaldo by his status now has a lot of money and probably doesn't really drink coca-cola but he could have simply just left the drinks where they were placed and not also make comments after moving them. At the end of the day, all prices will return to the natural mode regardless of who is manipulating what.

It just seems to possible that all markets can just be used by large investors to manipulate the market. Could it be the Ronaldo is also paid to do this live while the big investors had already sold and are just waiting for the price to dip so they could gulp up all the ones that are being sold right after the stunt?

This is no different from what Elon did. Now that they see how much influence a person can do. Lebron could probably do the same to please his sponsors.

In this case, Ronaldo might accidentally drop Coca-Cola, because maybe it's true that Coca-Cola is not good for health. Healthier water , maybe what makes this very influential . However, if it is paired with bitcoin, it is possible that Ronaldo is not very interested and in synchronization with bitcoin. I don't think it matters much, except for Elon who speaks, at least there is continuity in the crypto field.

That would be a really nice publicity stunt for Bitcoin but wait that's not possible with celebrities because who will pay them to endorse Bitcoin against gold bars? They do not care about the product they just want contracts signed with the company to pay them and they will promote it.

Yes that's the exact scenario going on with these influencers they are paid million of dollars just to endorse the product for 10-15 second ad video and when the contract is over they just reverse their words.Maybe pepsi has already given him funds for such an act as they both have been in marketing war for long term who knows.

We have witnessed many such persons who have at first utilised Bitcoin to gain support and then suddenly turning the stones on like it is bubble or not environment friendly and other bullshit.When they gain profit out of it or they have some other coins to support,like Musk and Roger Ver are of the same category.But still btc don't require such support as they can manipulate the market for short term until their influence reign is over.

Such events usually have impact over the stock prices of major companies,but the impact is very small and temporary.
If Ronaldo endorses Bitcoin,the BTC price might go up by 5-10% for a week or two,but nothing else will happen.
We need serious institutional investors and billionaires to pump the Bitcoin price to another level.Athletes like Cristiano Ronaldo might help for the positive image of Bitcoin,but they cannot pump the Bitcoin price back to 60K USD.

he has a huge number of fans and if those fans are not invovled in btc then they can invest in bitcoin like what their idol is suggesting but if ronaldo leaves btc the prce of btc can also fell down because his fans can also do the same .
the scenario doesnt differ to elon and what he did with btc last time .
i like it better when people will invest on their own because they like it and not because they are under the influence of other people .

Did you learn nothing from the Elon Musk drama? Celebrity influence is not what we need, it only introduces more volatility which makes Bitcoin look bad and weak. And Ronaldo never said anything about Bitcoin, he has no reasons to promote it, unless someone pays him to, which I hope no one will.

Bitcoin doesn't need to be advertised, in fact I consider advertising it harmful, because if you didn't find Bitcoin on your own, it means you're not ready and will be sensitive too all the risks.

Ronaldo is just like any other influencers out there, and I think that if Elon or Bill Gates were to do the same thing, pretty sure that it will have the same results and yes it will have the same results if Ronaldo were to do it with bitcoin.

with what has been done by someone who has a name, it is very influential for a company itself. because it follows the flow of the company. like what has been done by ronaldo. even though he only moved the bottle. cola fell drastically. we hope this does not happen with bitcoin. and what if it happens, it is not impossible that crypto will suffer the same fate as what happened to coca cola.

Yap it will just be quick pump and dump, the real proof is elon musk.

What did he say about Doge is just temporary effect, so if Ronaldo talked about bitcoin then it will be same thing what we see in Elon musk case.

The influence of individuals on the price of Bitcoin does not return to being an opportunity for speculators and whales to buy at a lower price, they sell large quantities with every bad news and return to buy again at a lower price, so it is nothing more than speculation in the short and medium term at best.

I do not think that such news will affect only for a limited period unless followed by a real purchase or investment decision, then the difference may be greater because the whales will do the opposite.

But it will still make the prices move nonetheless no matter if it's a pump and dump scheme. Also, we don't know how long will Ronaldo's influence will last when it comes to advertising with bitcoin. One thing is for sure though, the power of influencers in the market shouldn't be underestimated.

Ronaldo more influential than the celebrities who actually promoted their laser eyes. I would probably believe this guy is used by the big players out there just like Elon.


If he does advertise BTC, then it's pretty much obvious this is a coordinated promotion that will eventually dump so when it's done its best to just sell at the ATH in the 4hour chart because it's always going to be temporary too.

We might not need but almost everyone wants it!

Just look at the euphoria when some celebrity is saying something about bitcoin, everyone thinks of the price nowadays, he promotes bitcoin he is good, he doesn't he is the antichirst! Remember when Goldman Sachs started investing in crypto-related projects? Almost everyone forgot how much they've hated banks and started clapping! Paypal? It was supposed to be dead, a scammer's heaven, now it's such a great company adapting, run by intelligent people that understand bitcoin!

As for celebrities:
https://www.cnbc.com/2021/06/15/kim-kardashian-west-charli-damelio-jake-paul-posting-paid-crypto-ads.html
https://www.coindesk.com/kim-kardashian-ethereum-max-why

Pay them a few thousand dollars and they will endorse any shitty token!!!


Doubt it!
When it's about drinking water probably Ronaldo will have more influence than Gates, but when it comes to financial advice..who do you think the masses will follow more? A businessman who is the top 3 richest in the world or a football player fined for tax fraud?  ;D

Why would anyone worry if Ronaldo own or use Crypto currencies? The guy is a Soccer player, not an expert financial Guru..  ::)  ....Oh, oh.. Sheep follow a shepherd ...even if the shepherd lead them to a cliff.  ::)

Ok, Ronaldo did the right thing .... because Coca~Cola is toxic and unhealthy and celebrities like him have a responsibility not to promote something that might be harmful to their followers... but how long did he get millions from that sponsorship ..before he did that?

I would much rather see an expert in Payment systems, coming forward to promote Crypto currencies.  ;)

If Cristano Ronaldo had an interest in bitcoin like Rusell Okung he could be a great influencer. But he still does not embrace bitcoin when that happens he could contribute in some way. I also do not believe in a magic formula that accelerates the price of bitcoin.

Thinking about how influencers could contribute in this case, Rusell Okung has written a letter to Muhammadu Buhari, President of Nigeria with the intention of providing his support to alleviate the tensions in his country. The president has not given him an answer, it is possible that he will not.


As for other issues in development, as we know, not everything is rosy in El Salvador, the inhabitants need to be familiar with bitcoin, they must also feel comfortable and convinced with the Bitcoin Law that will take effect soon.

Let's see though if Ronaldo will have a long lasting effect compared to Elon's though since a lot of football fans are pretty loyal to their brand and they will probably stay in bitcoin as long as Ronaldo is in good terms with it but nevertheless, it's all pump and dump so we better be careful.

hypocrisy will always be everywhere, right you said.
let's see 1-2 years in the future if Pepsi buys his royalties, he will drink soda again,
For bitcoin, I think it's enough that Elon has made the price oscillate and the negative news has become even more cloudy . . . . . . . . . . . . . . . . . . . . . . .

We have all seen this effects before, were are all the projects previous celebrities pumped before? DJ Khaled, Floyd Mayweather, John McAfee, all pumped for a while and they are probably not in the top 50 coins now. Same effect will be for Ronaldo if even he would have want to speak for or against any cryptocurrency. The effects is usually for a while as we have noticed even from the coca Cola's post be it negative or positive.

Sometimes the pattern can be broken and it is a small number but there is a big chance that it can really happen so we can't just brush it off. Maybe they aren't the right people to have a successful token or coin. Also, just because it will be a short lived pump doesn't mean that you can't make money out of it.

Yes that is true and that is exactly what we don't want. We don't want people to invest in it just because some influencial person is using it.
Because that would make people to buy/sell it whenever that person says them to.
Instead we would want the audience to use bitcoin for their own purpose and buy/sell based on their own research and judgement.
That way bitcoin will become truly distributed.

The effect is temporary as the shares of Coca-Cola will increase over time as they do very well. Bitcoin has also been heavily devalued by Elon Musk. Bitcoin futures will also go up so I'm not too worried about celebrity behavior. The intrinsic value of Bitcoin is decentralization and scarcity so Bitcoin will soon rise again.

I think he did what a responsible person would do when he realize that what he's doing isn't good for fans watching him allover the World. It's also possible he did that because the drink makes him look too common/inferior... Just hope the former was actually reason he did that. Will definitely increase my respect for him

it's true that phenomena like theirs are commonplace and don't need to be discussed very big, but @elonmusk's behavior is unfortunately followed by people who actually make the wrong behavior, so that bitcoin is eroded by a deep correction. so that what is @elonmusk's intention is achieved to gain profit for himself. maybe it's different from coca cola where ronaldo only takes action without doing it for profit, so coca cola will be able to get up quickly. not with bitcoin which needs to be re-adapted before it can move up.

Of course it will be like that we can just go back a few years when ronaldo moved from club real madrid to juventus. Juventus stock immediately rose 34% at that time. and until now Juventus' impromptu fans continue to grow and their shares continue to rise due to the arrival of ronaldo.
and this will also be the same when ronaldo buys or holds bitcoin i think ronaldo fans will follow too and i'm sure of it. And not only among fans outside Ronaldo, it could be that his home country is also Portugal, which will also participate in holding bitcoins. In his home country, Ronaldo is still a compliment to both his citizens and the government.