Increasing number of celebrities endorsing cryptocurrency

[Tramle091296]

it is like a commerical i think but for those people who believes them maybe it can increase the bitcoin but there are problem with it. not all the people likes celebrities to link on cryptocurrency cause maybe they can manipulate it. by spreading some news reagrding crypto that will affect the price on it. If big investors endorse it. i think it can more effective better than celebrities. not all celebreties has a experience interms on trading and in cryptocurrency.

[Fortress12345]

Increasing celebrities who are endorsing the cryptocurrency was very helpful to introduce crypto to those who don’t know it. And the people who knows it will be motivated because they know there are popular people that are into it also.

[gambitcoin53]

Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans.

The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the “Owen Coin”.


http://punchng.com/ex-england-star-michael-owen-to-launch-own-cryptocurrency/amp/



Could this be a booster to cryptocurrency because these celebrities have big influence world wide and could invariably canvass more support for cryptocurrency.

goodbye anonymity, lol, of course this will boost the knowledge in cryptocurrencies, just like any product that is being endorsed by celebrities somehow are adding or boosting any given product, in this case, crypto, this is beneficial to trust ratings and awareness for wider market share. but knowing those mentioned celebrities are rich and well-knowned personalities, im sure familiarity and trust will have a boost.

[atorle]

it is a positive addition but investment decisions should not be based on such. here is a recent one i found- Didier Drogba as a crypto ambassador https://bitcoinist.com/chelsea-didier-drogba-cryptocurrency/

[ngano ba]

This endorsement of celebrities can also be of help promoting the cryptocurrency , this is because some people ,the fans and even ordibary people will also trust of what celebrities are endorsing and promoting ,but it is still good for bitcoin and other cryptos.

[Metall303]

This situation can be taken as evidence that bitcoin and the entire crypto-currency market is not a bubble.

[tintinbongs]

It is a help for crypto currency because through them people will learn about it that there is a digital world. They can promote without them realizing so it become a big help to crypto. With their supporters with them, thats a good promotion technique.

[eneifed]

Certainly it will boost the growth of crypto. All their fans will also show interest.

[nilavoro]

Some celebs are doing this to promote themselves as crypto is the talk of the town now.

[paisiifokin]

In India also many celebs are encouraging crypto. One example is Amitabh Bachaan.

[artamon]

This can cause some problems also. Like some fake projects are hiring celebs for promotion.

[kulagina]

Celebs have a lot of savings and thus crypto is a good option for them to invest money.

[Bitinity]

This can cause some problems also. Like some fake projects are hiring celebs for promotion.

This is what I'm afraid about. Celebrities should learn and understand about crypto first before they start endorsing it, but as I know many celebrities are endorsing product that they do not even know the product very well. It happens in my country, many celebrities endorsing product just because of they get paid much money. If it is happen in crypto world and being used by scam project that aims to get many investors because they use popular celebrities, I'm afraid it will give another bad image of cryptocurrency.

[automaticmoney]

Celebrities endorsing cryptocurrency is a positive sign for cryptocurrencies cryptocurrencies are going to get maximum visibility

[Ailmand]

Its gonna be more interesting, if a lot of celebrities will join in crypto by endorsing it,  it will notice by other people who doesnt intersted in crypto.. maybe this could be a good thing, they will easy to accept it, because they see now that more celebrities has joining into it..

I agree. Celebrities give a lot of convincing and mind-changing aspects that people follow, and so, if more and more of them would continue to endorse cryptocurrencies, especially those big-named ones, then it could really be a game changers for the market because it can surely entice more people to be in the market and to try their hands in it. Also, the effect of celebrities is somewhat global because the people who support them wholeheartedly covers the globe.

[kenlyresuello08]

A lot of celebrities just want to make a hype on this.
They want more popularity, more articles in magazines etc.

yup they only wants to become more famous or familiar on people's eyes

[SplendidHunter]

In my humble opinion every single celebrity who would adopt bitcoin and tell publicly about it is positive for us as a cryptocurrency community because they are spreading crypto around.

[BaeNaNa]

It is indeed can be a booster for crypto but the effect will only last for a short periode for this kind of hype, it you want crypto to be great then it's definitely better to have a organic growth although it will take a long time but at least the foundation will be strong and the crash like earlier this year won't happen. But it's still good though because more people will know about crypto.

[Dontme]

Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans.

The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the “Owen Coin”.


http://punchng.com/ex-england-star-michael-owen-to-launch-own-cryptocurrency/amp/



Could this be a booster to cryptocurrency because these celebrities have big influence world wide and could invariably canvass more support for cryptocurrency.

Because they can see that we can also earn money through crypto currency. In the past months or year I think, they already have interest in crypto because they seen many or some of us earn a lot of money through this.

[SunJAB]

At one point this is pretty OK but actually I'm totally not happy with the fact that many of celebrities are very hungry for money and they endorse not very trusted projects and that fact throws a shadow on crypto image for people.

I see the use of celebrities is also attractive. But we should think a little deeper. If the project succeeds, it is okay. And if it fails or the problem is not good. This will directly affect the celebrity and then the investors, also affect. So consider these actions.