Bitcoin all over London underground

[Zzzetor]

I came back to London after being away for a while and noticed something is different. Now there is all kinds of bitcoin (and ethereum) commersials all over the place, trying to sell people crypto investment services. I've always been told that if investing becomes so popular that it is discussed in the pubs you should sell. This makes me kind of worried. What do you think?

[Don Pedro Dinero]

It is said that Rockefeller sold all his stocks just before the market crashed in 1929 because his shoeshiner recommended him to buy stocks. It can be a sign, yes, but it’s not going to be always like that. There was a time when people started talking about mobile phones, there were lots of ads in TV, etc. and mobile phone industry hasn’t crashed.

[pushups44]

I came back to London after being away for a while and noticed something is different. Now there is all kinds of bitcoin (and ethereum) commersials all over the place, trying to sell people crypto investment services. I've always been told that if investing becomes so popular that it is discussed in the pubs you should sell. This makes me kind of worried. What do you think?

I don't think bitcoin is being thrown at people's faces just yet, at least not in the United States. I'm not sure the "London Underground" qualifies as mainstream. In any case, bitcoin carries some risk just as all emerging technologies do. By diversifying, the impact of its volatility will be minimized.

[stompix]

I don't think bitcoin is being thrown at people's faces just yet, at least not in the United States. I'm not sure the "London underground" qualifies as mainstream. In any case, bitcoin carries some risk just as all emerging technologies do. By diversifying, the impact of its volatility will be minimized.

5 million people that the tube carries daily seeing those ads and kiosks might be called mainstream.

They are popping everywhere because they charge a lot in fees. I've seen prices from 5% to 10% percent.
Almost no running fees, lots of morons eager to get rich, you just have to sell 10k worth of bitcoin monthly to take some nice profit home.
And that is less than 300$ per day, easy to achieve in a city with high wages and millions of people.

But I doubt it's a sign for a bubble waiting to pop.
Slight downfall maybe, back to 250... no way.

[AngelSky]

It is said that Rockefeller sold all his stocks just before the market crashed in 1929 because his shoeshiner recommended him to buy stocks. It can be a sign, yes, but it’s not going to be always like that. There was a time when people started talking about mobile phones, there were lots of ads in TV, etc. and mobile phone industry hasn’t crashed.

If it is made as a centralized money in London there will be lots problems needs to face by the bitcoin users such as taxation, open transaction without anonymous and regulations. If it underground money in the country or decentralized money as it is now we do not find any issues in usage.

[Phalo]

I came back to London after being away for a while and noticed something is different. Now there is all kinds of bitcoin (and ethereum) commersials all over the place, trying to sell people crypto investment services. I've always been told that if investing becomes so popular that it is discussed in the pubs you should sell. This makes me kind of worried. What do you think?

mmhh I don't know. Buy said there's lots of advertt of cryptocurrency investment but that doesn't mean grandma and grandpa are discussing which cryptocurrency to buy, right?? For me there's a different. People can advertise all they want but that doesn't mean people are buying or even talking about the product. That would be my differential between a bubble and not bubble.

[squallw]

In my opinion, if more people knows about bitcoin or wants bitcoin, the price will increase. I think it is good thing.
Currently, less than 1% of people in the world have bitcoins i hope that this number increase like 10% within few years.
I dont think that BTC is a bubble, so i not recommend to sell.

[tiggytomb]

Would be cool if you could provide a picture of something visual to back up your subject that bitcoin is all over the London underground, sure it will be present especially in a major city such as London but to be plastered all over the underground system I find that hard to believe.

I would really be interested to know which company would be reaching out like this as they must already have a decent user base to afford this type of advertising.

[Xavofat]

In my opinion, if more people knows about bitcoin or wants bitcoin, the price will increase.

It'll increase until so many people who don't know enough about BTC or are amateur investors (heavily affected by emotions) get involved.  At that point, the bubble collapses because slight price fluctuations or a negative event result in mass panic selling just like the FOMO buying which has been occurring recently.

As it is, people around this forum and anywhere else you see people discussing BTC, they're caught up in very common logical fallacies and say the sort of things that you hear very frequently in bubbles.

I'd say it is very comparable to the dotcom bubble, because in both cases it's about the underlying technology rather than the group itself.  "The Internet is great, therefore I must buy [insert any Internet related company here]" is very similar to "blockchain tech is great, therefore I must buy [insert any cryptocurrency here]".

[aoluain]

In my opinion, if more people knows about bitcoin or wants bitcoin, the price will increase.

It'll increase until so many people who don't know enough about BTC or are amateur investors (heavily affected by emotions) get involved.  At that point, the bubble collapses because slight price fluctuations or a negative event result in mass panic selling just like the FOMO buying which has been occurring recently.

As it is, people around this forum and anywhere else you see people discussing BTC, they're caught up in very common logical fallacies and say the sort of things that you hear very frequently in bubbles.

I'd say it is very comparable to the dotcom bubble, because in both cases it's about the underlying technology rather than the group itself.  "The Internet is great, therefore I must buy [insert any Internet related company here]" is very similar to "blockchain tech is great, therefore I must buy [insert any cryptocurrency here]".

good points. this is actually a very good thread
with some very good points and analogies made.
its an incentive to learn more about related historical
events but can they be related to crypto?

personally I dont know what to make of it. there
is a lot going on at the moment and its a great buzz,
but bitcoin in particular has bucked the trends so far.

Its a bit worrying all right to think what might happen
if/when the mainstream gets involved.

[Zzzetor]

Would be cool if you could provide a picture of something visual to back up your subject that bitcoin is all over the London underground, sure it will be present especially in a major city such as London but to be plastered all over the underground system I find that hard to believe.

I would really be interested to know which company would be reaching out like this as they must already have a decent user base to afford this type of advertising.

Well, of course I haven't been in all the stations and technically speaking I can't say it's necessarily all over the place, only those places I use. Maybe I can take a picture of some add at some point.

[European Central Bank]

i've seen ethereum ads scrolling across screens at airports. i gotta admit it was slightly shocking to see it. even more shocking, what the hell are they trying to sell other than empty bullshit?

as far as i can tell there are still no products to hawk other than dreams which probably won't come true.

[vertrix]

It's an advertisement by the company eToro; a horizontal banner ad inside the train car (above the windows where they have rows of ads). It's a simple unobtrusive design featuring several crypto-currency logos in a row with a small slogan underneath and the eToro logo/website. The coin logos are the main feature, on a light background. I remember bitcoin was first, then litecoin and ethereum and a couple of others. I saw it on the Northern Line tube train yesterday.

[Kprawn]

i've seen ethereum ads scrolling across screens at airports. i gotta admit it was slightly shocking to see it. even more shocking, what the hell are they trying to sell other than empty bullshit?

as far as i can tell there are still no products to hawk other than dreams which probably won't come true.

The more disturbing thing is, w t f are they going to buy with it? .... Ethereum is being pumped by the Banksters types and

this is going to end bad for the investors. We saw what happens when Banks are involved.... Ripple.

Ethereum was supposed to be the coin that was perfect for smart contracts, but when BTC struggled with scaling issues....

people started to market it as a currency.  

[audaciousbeing]

I came back to London after being away for a while and noticed something is different. Now there is all kinds of bitcoin (and ethereum) commersials all over the place, trying to sell people crypto investment services. I've always been told that if investing becomes so popular that it is discussed in the pubs you should sell. This makes me kind of worried. What do you think?

Your fears to me has some validity and that's exactly what comes with all our quest to ensure bitcoin becomes so popular now that its getting popular, it then create further fear in the mind of people because of the various investment principles that have not failed in the past. Just like the poster above have said concerning Rockerfeller in 1929, the same thing happened in the recent depression that gave birth to the emergence of bitcoin as expert knew it has gotten to the point where it needs one needs to exit the market.

The difference between the above and what we have now, is because while almost every family in the world have a partaker in the crash that happen because of the increasing popularity of stocks then, the same thing cannot be said about bitcoin. Also the volume of transaction and amount of money involved at that time compared to what is in bitcoin is just a fraction and not anything close to that.

[nexus2k14]

I came back to London after being away for a while and noticed something is different. Now there is all kinds of bitcoin (and ethereum) commersials all over the place, trying to sell people crypto investment services. I've always been told that if investing becomes so popular that it is discussed in the pubs you should sell. This makes me kind of worried. What do you think?

I don't think bitcoin is being thrown at people's faces just yet, at least not in the United States. I'm not sure the "London Underground" qualifies as mainstream. In any case, bitcoin carries some risk just as all emerging technologies do. By diversifying, the impact of its volatility will be minimized.

Pushups44 maybe few investment companies that follow closely market and watch Bitcoin decided to gain more clients using Bitcoin as a tool? I am confident this is because of a recent huge price increase after China try to shake off BTC value from 4K to 3K Bitcoin and BTC quickly price increased again and pass first time 5, 6 and 7.000$ mark? These investment companies may try use this fact and lure clients to invest in Bitcoin. I know about that because one of my colleagues from work point me to one of this companies and he asked me to invest.

[tyuner4]

When an investment become successful, many companies will try to sell it. I seen many ads everyday in Google ads, Facebook ads and even local classified websites showing thousands of successful cases and asking you to invest in Bitcoin.

This is normal I guess.

[Zzzetor]

When an investment become successful, many companies will try to sell it. I seen many ads everyday in Google ads, Facebook ads and even local classified websites showing thousands of successful cases and asking you to invest in Bitcoin.

This is normal I guess.

That's bit different because Google and Facebook know that you are intrested in bitcoins so they target those adds to you. In my opinion, underground is more mainstream. I saw them on Jubilee line stations London Bridge and Canary Wharf (big screens there), by the way.