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Author Topic: Why is there no marketing for BTC?  (Read 610 times)
FunGate (OP)
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December 03, 2018, 04:02:30 PM
 #1

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.
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December 03, 2018, 04:18:56 PM
 #2

We already know the advantages to use cryptocurrency, it has been said over and over.

Bitcoin is growing naturally and everyone is doing his part. Some are good to code and make WordPress plugins for free, some are good to write and maintain a blog, some participate in conferences and meetings, some are good with YT, and so on...

Do you expect to see Satoshi running a bounty campaign?
It's not allowed to promote pharma industry related stuff in most countries.

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December 03, 2018, 04:20:57 PM
Merited by dbshck (2)
 #3

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.


The hype bubble of 2017 can in reality be understood as an extremely large marketing campaign - and it was very successful in attracting fools to buy Bitcoin

Now all the fools have Bitcoin and the early founders have sold at high prices - and now the fools ask whether someone wants to run marketing on Bitcoin ?

HA HA HA HA HA.....
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December 03, 2018, 04:24:19 PM
 #4

I think the reason is "no one owns it", we the people in the community are the only one can only influence and promote it to others and we can get benefits from doing it as well. Bitcoin grows on its own, we can see the difference through the years as we received a huge growth without any huge promotions and campaigns.

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December 03, 2018, 04:46:35 PM
 #5

Long ago bitcoin had experienced marketing were they promote it through airdrops and through bounty but as at now, the said bitcoin no longer depend on marketers rather; it market itself to the public for adoption and acceptance. Bitcoin doesn't use traditional tools to market itself but conventional tools which is more profitable than traditional.

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December 03, 2018, 06:20:42 PM
 #6

It is not controlled by the person who created it or any group of people,the bitcoin network was working just because of us so no one will be use their fund to advertise about the bitcoin because we need to do it on our own.

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December 03, 2018, 06:50:36 PM
Merited by dbshck (2)
 #7

I think that's the fault of decentralization, as there's no one to gain something tangible individually if you invest in crypto marketing, then you're doing it to benefit us all, this is why usually we leave it to someone else to do it, I think we're still too individualistic to think about doing something that benefits someone other than us.

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December 03, 2018, 06:59:42 PM
 #8

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.


It still has problems mate
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December 03, 2018, 07:06:18 PM
Merited by dbshck (2)
 #9

The reason for that is that there's nobody who directly benefits from this advertising. In a normal situation a company has its capital and launching a product costs them money. The second largest expense right after production is marketing.

Bitcoin is not being produced by a company and there was no capital at first.
There is a lobby of a sort called The Bitcoin Foundation. https://bitcoinfoundation.org/

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December 03, 2018, 07:10:59 PM
 #10

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.


You answered your own question. Decentralization.

Pharmaceuticals are promoted by pharmaceutical companies, people/firms will start to promote bitcoin when it benefits them. Right now there are very few people holding enough bitcoin to make it worthwhile to invest in marketing from your own pocket, and all those people are already billionaires.

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December 03, 2018, 07:38:42 PM
Merited by dbshck (2)
 #11

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.


Marketing may indeed increase the demand on any asset but on the other hand one might think, if the product is good why do we need marketing? It should sell itself without it.

Many projects who were depended on heavy marketing is around no more. I am not saying marketing isn't important and we should avoid it completely in fact, marketing on bitcoin is happening everyday. Both companies and users do it by using bitcoin. Just look at the demand, no other coin has the btc's demand.

Other projects like ripple, eth, bcash have CEO's

Bitcoin doesn't have a CEO. It doesn't rely on backing of a big company neither. Instead, Bitcoin relies on its users and many smaller companies which use bitcoin every day.

Take bcash (ABC) for example:

It relies on bitcoin.com (Roger Ver) and bitmain's (Jihan Wu) support. It has nothing else. Without these companies bcash (ABC) is no more.

Same goes for bcash(SV). Without Calvin&Wright, it won't exist.

When you think about bitcoin however; There are hundreds of small-mid sized companies. Maybe none of them as big as bitmain but when they all come together, we are bigger than all of these shitcoins.

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December 03, 2018, 07:49:19 PM
 #12

What do you understand by marketing? All media outlets are talking about bitcoin 90% of the time when it comes to cryptocurrency market. If there are notable changes in the market, the news is that bitcoin has dropped 30%, not ETH, OMG or any other altcoin. Most billionaires or influencers making statements about the crypto market say the bitcoin will reach $20000, $50000 etc. Even if behind bitcoin would by a company, I don't see the reason to invest in marketing campaigns when you have all the exposure in the world (or at least much more than all the other coins together).
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December 03, 2018, 08:00:04 PM
 #13

Bitcoin already got the needed marketing required as it is talk of the town virtually on every social platforms, not to be mention that it's through Bitcoin that every other altcoins are traded. Thus Bitcoin got its marketing already.

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December 03, 2018, 08:04:15 PM
 #14

Bitcoin already has all the marketing needed, tbh I think everyone in the world is already aware of it, but only 1/10 of the population can even buy it, that's what were lacking. I believe only Tier 1 countries can buy btc easily, the rest of the world has to go through localbitcoins and some not even that.
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December 03, 2018, 08:05:26 PM
 #15

There are a few reasons there is no marketing for BTC, first of all Btc is not a company and therefore there is no team or head for marketing purposes, also Btc is not ready for marketing and it will not be allowed by governments because Btc is a threat to them as of now.
On top of that Bitcoin is also not ready for being adopted due to various reasons, you can think of transaction fees, speed, etc. however the future in my oppinion is bright for Btc, each day Bitcoin is not dead is a day closer to adoption.

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December 03, 2018, 08:08:38 PM
 #16

Using crypto has a ton of benefits that the majority of the population aren't aware of because of its technological nature. Makes it seems much more complicated than it is.

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

For example, pharmaceuticals are complicated in nature, but there is so much advertising making their benefits understandable and it works extremely well lol.

Decentralization won't happen if people aren't aware.


you should ask also the question why is there no market anymore for the first ever paper money, or why is there no market anymore for the other 50 million cryptocurrencies out there.

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December 03, 2018, 08:31:35 PM
 #17

Bitcoin needs no marketing... the price is enough... when it moves, everyone watches... it is just the king of crypto...
It will naturally get spread out when people enter crypto and the access to it will become easier and easier... no need for anyone to spend their money on marketing so that the whole world collects the profit


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December 03, 2018, 09:05:16 PM
 #18

You get to have control over your funds, transactions are cheap, and no one can know how much money you have (financial privacy), etc. Most people would understand these things.

Why isn't this being promoted? Why is there no crypto lobby?

Who would it be funded by? Bitcoin isn't like an ICO where a centralized team solicits funds for development and marketing. It's an open source project.

Also, transactions may not always be cheap. Without significant block weight increases, we should expect fees to rise considerably over time. I think this was intentional since fees must replace block subsidy to continue incentivizing miners to secure Bitcoin.

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December 03, 2018, 09:13:48 PM
 #19

Its very hard for Crypto to get accepted by the most people how used fiat the hole life.
Peoples like my Father will never use Cryptos but next generations will accept it more and more.

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December 03, 2018, 09:48:00 PM
 #20

I think it is also a little complicated to do bitcoin marketing, since there are countries where they have a certain prohibition and that would complicate things a little when it comes to advertising openly, then the company that would be in charge of that has to think about that factor before launching the campaign.

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