Bitcoin advertising by celebrities.

[Debonaire217]

We should not be deceived by what we are seeing in social media about using Bitcoin. It is maybe just a propaganda. Bitcoin exists long time a go, then here they are introducing at endorsing it just this year? How could we trust social media if anyone can post anything about their opinions regardless if it is helpful or not. Feed your mind with valid information about Bitcoin and don't just listen to the influencer, because they are doing it also for money. Showbiz is business.

[hatshepsut93]

I really don't like it when celebrities advertise something from unrelated field, especially if it's a technical thing like Bitcoin. Those people have zero authority in this field, if someone things it's okay to trust them here, they would easily be scammed, which happened in the past when celebrities were shilling for ICOs. I know that cashapp is legit, but they are cultivating a bad habit for their users. And let's not forget about the infamous twitter hack incident which also featured a Bitcoin giveaway.

[ChrisPop]

I suppose it is more propaganda for Cashapp more than for Bitcoin.
I do not know that actress, but this promotion will be bad because it means that more people who do not know about Bitcoin will enter anything at an absolutely inconvenient time to enter it, and it may lead to many people losing their money.

The best is to have people explain to people what Bitcoin is while knowing all the risks and leaving the choice for users to invest.

Excuse me, but how is this an inconvenient moment to get into Bitcoin? Would you rather have them enter at $50,000? xD

I think giveaways are a good way to spread the word about Bitcoin and cryptocurrencies in general as long as they are made by legitimate parties. If only 10% of those who follow this girl, get into Bitcoin that would mean at least 3k people. If on average they buy $100 worth of BTC each that's $300k pumped into the market through a simple tweet.

[pixie85]

She's trying to make it rain 2020 style. Throwing cash away like rapers in the 90s did is not popular anymore?

First it was "bitches and dope" then it was "I'm a gangster, I was in jail" now it's "make it rain bitcoin". Not my style but any publicity is better than none.

[Oceat]

I really don't like it when celebrities advertise something from unrelated field, especially if it's a technical thing like Bitcoin. Those people have zero authority in this field, if someone things it's okay to trust them here, they would easily be scammed, which happened in the past when celebrities were shilling for ICOs. I know that cashapp is legit, but they are cultivating a bad habit for their users. And let's not forget about the infamous twitter hack incident which also featured a Bitcoin giveaway.

If If I were the celebrity and someone throws a good money just for advertising it, then why not? Mayweather did some of it too in the past although your point is accurate they don't know a single thing about of what they were advertising they just grab it and took photo then let the editor do the ads. Viola! If someone is trying to use celebrities just to advertise something then I think they know how to use the market but of course, newbies won't notice it because they don't know a single thing they just follow because they saw their favorite artist advertising it.

[Silberman]

I suppose it is more propaganda for Cashapp more than for Bitcoin.
I do not know that actress, but this promotion will be bad because it means that more people who do not know about Bitcoin will enter anything at an absolutely inconvenient time to enter it, and it may lead to many people losing their money.

The best is to have people explain to people what Bitcoin is while knowing all the risks and leaving the choice for users to invest.

I think the same, while I am happy for the price we are seeing and all of that any newbie entering the market during the next months is going to get slaughtered, so I do not like this tendency at all, because eventually once those newbies lose their money they are going to blame bitcoin and if we see another important crash then this is going to delay adoption once again, which is what the majority of the members of the forum want, a high price is important but if we cannot use our bitcoin anywhere what good is it for?

[adzino]

Some of them are supporting crypto currencies while most of them are just getting paid to promote some crypto currencies. Some of them do it just to get attention. You know, they love getting attention once they become irrelevant. Almost like 90% of the coins that celebrities promoted are dead. If I remember correctly, Floyd and DJ Khaled supported one of the token which later ended up with several arrests due to be linked with fraud and money laundering. Both had to pay some fine for misleading the public!

[Tstar]

I'm not a fan of Megan Thee Stallion either, but this is a cool way to create hype.

She has smart PR. Now she's getting double news coverage - once for the 1 million itself, second that this million is in Bitcoin.

[hatshepsut93]

If If I were the celebrity and someone throws a good money just for advertising it, then why not? Mayweather did some of it too in the past although your point is accurate they don't know a single thing about of what they were advertising they just grab it and took photo then let the editor do the ads. Viola! If someone is trying to use celebrities just to advertise something then I think they know how to use the market but of course, newbies won't notice it because they don't know a single thing they just follow because they saw their favorite artist advertising it.

Mayweather advertised an ICO scam, he was ruled to give up his payment and was slapped with $300,000 fee on top of that, and rightfully so. McAfee is another example of a celebrity advertising investments - nothing good came out of it, he shilled scams to his followers, resulting in millions of dollars worth of losses. When it comes to investing, people should only be listening to qualified investors and no one else.

[oktana]

This shows that there are celebrities out there who are bitcoiners (most likely whales) but you can't really tell.
Who knows how many more celebrities out there that has fed their wallet.

[milewilda]

Celebrity rapper Megan Jovon Ruth Pete aka Megan Thee Stallion tweeted about giving away of one million bucks worth of bitcoins to celebrate her successes. I'm not a fan of the rep, but I like the trend. If celebrities get involved into bitcoin's advertisement, then those who up to now stood on the sidelines watching developments or haven't heard about bitcoin at all would also be able to build our ranks.


I must admit that I didn't follow the celebrities up to now, I know that there are big holders among them, but I never heard of free giveaway from them. Is this  the first action of that kind or there were others?

Any form of advertisement would be always a good publicity towards bitcoin.I dont know about this celebrity but its good that she did make out some giveaway which makes more the curiosity of those fans
will really be high and will surely find out or seek on what bitcoin is.Adoption is on the move thats why its no surprise that this will really reach out into the radar not only on common community but also into those
celebs and other big investors out there.We wont know if theyve been accumulating that big and it doesnt matter as long lots of people do become aware into its existence then that what matter most.
We have seen that this isnt only limited by celebrities but also in other popular person in investment firms and companies.

[Shasha80]

In my opinion, it is very good if there are celebrities promoting Bitcoin, this will attract many people to be interested in Bitcoin.
And it's not new if there are celebrities promoting Bitcoin, because before that there were some who did it first. Many people said
that Megan Thee Stallion's give away was propaganda to promote Cashapp. I don't think there is a problem, as long as Cashapp is
a legit platform. And it doesn't hurt anyone, in the end it's a great idea. Because even though this is propaganda for Cashapp,
Bitcoin is still becoming famous too.

[maxreish]

She is not the only one who advertised bitcoin. Other celebrities, popular politicians are actually promoting bitcoin. They've seen another great opportunity by adopting this kind of another technology. One example is Manny Pacquiao who is pro bitcoin and manage to create hus own coin with a purpose.

A great indication that bitcoin has been recognized. No particular selection of people can own bitcoin. Because we wanted to manage and control our own digital money without further thinking of any issues giving by third parties.

[dansus021]

i just watch the twitter i just thought is some kind of bitcoin scam that happen on youtube "Elon Musk give thousand dollar on bitcoin" that bring people don't trust bitcoin, but the thread is real and this bring positive vibes  and using celebrity for bitcoin advertising is good choice in my opinion

[FinneysTrueVision]

I don't think she gave away $1 million of her own money. This was obviously some kind of paid advertisement by CashApp to get some promotion when the hype around Bitcoin is very intense. I don't know how helpful it was to give people small amounts that they would be unable to withdraw and have to go through extra verification in order to be able to accept the BTC. The only positive thing is that mainstream support takes away some of the stigma around Bitcoin and fewer people see it as a scam or something that is only  used for illicit purposes.

[xSkylarx]

Celebrities have a big reputation so whatever they advertise, their fans get curious to it. This can also help the awareness about what bitcoin is. As long as these celebrities don't get greedy and promote a scam investment then let's be happy that they are helping to boost the bitcoin community.

[bitterguy28]

Celebrity rapper Megan Jovon Ruth Pete aka Megan Thee Stallion tweeted about giving away of one million bucks worth of bitcoins to celebrate her successes. I'm not a fan of the rep, but I like the trend. If celebrities get involved into bitcoin's advertisement, then those who up to now stood on the sidelines watching developments or haven't heard about bitcoin at all would also be able to build our ranks.


I must admit that I didn't follow the celebrities up to now, I know that there are big holders among them, but I never heard of free giveaway from them. Is this  the first action of that kind or there were others?


https://twitter.com/theestallion

Sorry I don't know who She is but the thought of as a Celebrity chooses to Give away Bitocin instead of Cash?

or Maybe She is Lucky enough to gain Tons of Bitcoin in Dollar value as she may bought way back last March when bitcoin is still Hitting the floor.
So now spreading the amount won't even affect Her capital .

But we must be proud of Her  and other celebrities who Helps the increase of Bitcoin popularity over the globe.

[molsewid]

Celebrities have a big reputation so whatever they advertise, their fans get curious to it. This can also help the awareness about what bitcoin is. As long as these celebrities don't get greedy and promote a scam investment then let's be happy that they are helping to boost the bitcoin community.

Yeah, but the thing is they only advertise the wallet, they're just using bitcoin for keyword  I think to make it inline in the trend nowadays, that is just a Twitter kind of advertising, using the famous word for their ads to become more searchable, maybe yes  it will reach more people but it can also mislead people from bitcoin and to that cashapp that they are promoting. I just wish that cashapp is legit and will be in gold run, so that it would not be a regret soon that people thought bitcoin and cashapp are linked.

[rat03gopoh]

Endorsement power works, most celebrities don't really think about what they recommend because they're not really users of the product. I only focus on the many negative reviews about cashapp on playstore that come from old users.
I'm worried about long-term use of this app, it seems that this app will have a lot of problems long after use.

[CryptopreneurBrainboss]

I really don't like it when celebrities advertise something from unrelated field, especially if it's a technical thing like Bitcoin. Those people have zero authority in this field, if someone things it's okay to trust them here, they would easily be scammed, which happened in the past when celebrities were shilling for ICOs.

Most times celebrities aren't to be blamed as they're just trying to make money for themselves. This is like a partnership or endorsement can of advertisment. I'm very sure stallone doesn't have any clue what bitcoin is or how it operate. Basically what she was hired to do is advertise the cashapp wallet and what best way to do it then jumping on the hype ongoing as bitcoin is doing some impressive numbers in regards to price appreciation. I'm very sure cashapp came up with all this stunt and stallone's influence is just been used.

The giveaway format is also worrisome since that's the same means scammers use to scam individual, she doing this now will pass the message this giveaway can be trusted and gullible individuals mostly noobs will fall prey to scammers when they try the publicity stunt again like they did last time with the hack of top celebrities accounts.

I think some strick regulations should be introduced to prevent this from becoming a noob because when other company sees that, this means of advertising is more profitable, they'll jump on the trend and by then it might be too late to act.