Bitmex is sending a physical bitcoin to the moon in summer of 2022

[Leviathan.007]

Then bitcoin is going literally and physically going to the moon  Maybe years after doing this by Bitmex and sending one bitcoin to the moon when the people could have a journey to the moon just like astronauts but in easier they will find it and this way they will remember this day. But other than all these I think doing this will have advertising effects for Bitmex and surly they will do it do get more popular and known between people, also there may have many questions, for example, I'm wondering if they will share the address of the wallet of not because by having the address we can make sure if someone got access to the coin to not.

[oHnK]

Just a marketing gimmick which might help bitmex with some more users. But overall impact of such activity on crypto market will be a big zero. Sending something to outer space or moon is required for scientific research but sending 1 bitcoin would not yield anything at all! Rather, they could have donated this physical bitcoins to the astronauts in international space station. That would create some bigger hype and might impact the crypto market positively.

I fail to understand what the concept of bringing physical Bitcoin to the moon is like?  If it's just for marketing needs, okay, this is a normal thing.  However, if this agenda is considered to increase the price of BTC, it will also rise as high as the month then this does not make sense.  In my opinion, even if it is given to Astronauts, it will also not have much effect.  Moreover, what is physical bitcoin like and is it worth?  I think it's of no value.  So what is it given for.

[Lucius]

Rumor was that the reason why Bezos and Elon tried going to space is to bury their wealth maybe in moon or mars incase something will really happen on earn because they are already speculating war to happen. A very expensive way of hiding their treasures but perhaps gold and some valuable things.

One of the dumbest things I’ve read here on the forum, and I don’t believe any of them would be stupid enough to do something like that unless they have no plans to move to the Moon or Mars along with their wealth. If the planet is hit by some great catastrophe, it won't matter where someone's wealth is, most people won't survive a big meteor strike anyway - and the earth at least has an atmosphere that protects against the impact of smaller celestial bodies - while on Mars that's not the case.

Imagine EM walking around in his expensive space suit across the surface of Mars and suddenly hit by a meteor the size of a tennis ball - suffice it to say, a game over Mr.Mars

[kryptqnick]

It's good for Bitcoin publicity, and it's a symbolic act. It's also nice that they're leaving it there for anyone who can get to the Moon to collect it. However, it's not cost-effective at all. It'll cost at least dozens of millions of dollars to fulfil this trip, and Bitcoin's worth only around $50k. When we still have problems here, on Earth, I don't find it wise to make trips to the Moon only for such silly purposes. Also, it'll be in physical form there, which kind of defeats the whole point of Bitcoin because it's in its nature to be digital and people should get used to it.

[SquirrelJulietGarden]

It's good for Bitcoin publicity, and it's a symbolic act. It's also nice that they're leaving it there for anyone who can get to the Moon to collect it. However, it's not cost-effective at all. It'll cost at least dozens of millions of dollars to fulfil this trip, and Bitcoin's worth only around $50k. When we still have problems here, on Earth, I don't find it wise to make trips to the Moon only for such silly purposes. Also, it'll be in physical form there, which kind of defeats the whole point of Bitcoin because it's in its nature to be digital and people should get used to it.

BitMEX don't do it without strategic marketing plan. We can think that they do a non-sense thing but this activity will catch many attention from the crowd and BitMEX will attract many new users to their exchange.

It can be more effective than any traditional marketing effort and its noise will be huge. Such events don't occur too often. A space flight to the Moon which carries a physical Bitcoin. Hey it is an excellent idea but it seems Elon made it first last year with Dogecoin.

[dkbit98]

This looks like some cheap sci-fi movie...sending physical bitcoin to moon is waste of resources and sound almost as stupid as Elon Musk sending a car in space
Official version claims that last man on moon was walking in 1972 and 50 years later in 2022 Bitmex plans to send Bitcoin there, makes you wonder what stopped them from repeating moonwalk for so long.
Real question is how much Bitmex paid for this lame commercial 

[tippytoes]

This looks like some cheap sci-fi movie...sending physical bitcoin to moon is waste of resources and sound almost as stupid as Elon Musk sending a car in space
Official version claims that last man on moon was walking in 1972 and 50 years later in 2022 Bitmex plans to send Bitcoin there, makes you wonder what stopped them from repeating moonwalk for so long.
Real question is how much Bitmex paid for this lame commercial 

That's the point I guess. Bitmex for sure paid good money for this marketing stunt. But definitely, they will get coverage for it and people as gullible as ever, will try to look up about Bitmex (for those that don't know yet), and who knows, they can really attract new users as well as retain their users. Paying good amount of money in exchange of their advertisement to the public. They will be expecting to at least create noise during this event.

[titular]

I wonder if this is in response to Elon saying he will "literally" take doge to the moon.

Either way, I struggle to understand the purpose of doing things like this. At best, it's a donation to the community as well as bragging rights.

[gloriamartin]

@GeorgeJohn I agree with your point. We can not compare bitcoin with fiat currency. Moreover it is also not an easy task to replace fiat with cryptos as the fiat is regulated and controlled by the governments of the respective countries.