Topic: Bitcoin movement: my thought - page 3. (Read 467 times)

Of course it would be a great idea for people to embrace Bitcoin as many more people would acquire it, the more demand it will it give to the market. Your idea is actually great but for sure in how many years Bitcoin's existence, for sure your idea were already have been made. Some also already implemented it like giving it as a prize to some public games for people to be aware to it. But let me tell you something, as a business man if you were to promote something without a return to you, would you advertise it? I mean if you were gonna promote something for sure they will give you something in return like cash or any benefits. Some of them doesn't even care about BTC despite it's potential since it's a decentralized system, they can't control it most of the people above love to be involved in something that could be manipulated or control.

Something like that could indeed be a promotional event for Bitcoin, especially if each sporting event is the sport that is most popular with everyone, such as football. Of course there will be a special influence or encouragement to make some people use Bitcoin and exchanges that sponsor a club. In addition, large companies that are willing to use Bitcoin for certain things will also be in the spotlight for many people because it can make people's trust in Bitcoin increase over time.

These occurrences have already been happening, and I believe that the world is quite familiar with cryptocurrencies. I have a passion for sports as well as betting. One noteworthy instance is the NBA's Los Angeles Lakers, one of the most popular teams, naming their arena the Crypto.com Arena. Moreover, various other sports are also being sponsored by specific crypto-related companies or projects. For example, Stake is known for sponsoring boxing matches.

The adoption of Bitcoin may not be challenging once governments are highly supportive. However, some countries have chosen to ban Bitcoin, while others opt not to regulate it. These factors pose certain obstacles to widespread adoption. Nonetheless, achieving success won't happen overnight. Over time, as Bitcoin continues to exist and further developments occur, it might become increasingly challenging for countries opposed to it to prevent its adoption. In fact, they may eventually find themselves compelled to adopt it to avoid falling behind.

Tha'ts my vision in the future.

At the moment, you can not pay everything with your bitcoin but the adoption is better than a couple of years ago. I expect to see better adoption in future for bitcoin so we can use bitcoin to pay for more services and things in future too.

The world will continue to have existence of fiat currency and in future, we will also have CBDCs. They will be used together with bitcoin and cryptocurrency in societies. With Bitcoin on chain transactions, you will have to pay transaction fee that can be more expensive than with bank transfer.

If you care about privacy, you will choose Bitcoin  network to use and pay on chain transaction fee and don't sacrifice your privacy to use banks with bank transfer.

The good: If we had a major crypto business sponsor the naming rights to an NFL football stadium that would be awesome!
The Bad: This didn't help: "Then there's Russell Okung, the former offensive tackle for the Carolina Panthers. He made headlines in 2020 by converting half his $13 million salary into Bitcoin. His $6.5 million investment could be down to around $2.7 million."  - Crypto Crash Costing NFL Players Millions
https://frontofficesports.com/crypto-crash-costing-nfl-players-millions/ and, Mark Cuban's huge class action lawsuit is ugly too. Many people in Texas will never go near Bitcoin again. We need to learn not to trust major scum like the FTX exchange.

This cannot be done by just any whale, but by 'BTC companies', or websites that accept BTC, they can do it as a form of advertisement by inscribing their websites name on the players' jersey and with the BTC logo alongside it. Few years ago Watford and Southampton football clubs' had the BTC logo on their jersey, this was sponsored by Sportsbet.io, i don't know if that partnership is still on or if the logo is still inscribed on the players' jersey.
BTC is a volatile currency, so i don't think clubs will do this, neither will the players accept it, a better option is if some football clubs start accepting BTC as a payment option in their official store for customers that may want to pay in BTC. I think Watford did this some years ago, but take note that it was because of their partnership with Sportsbet, which is a BTC betting company.

Bitcoin, at its core, is a digital revolution, a global shift, if you will, in how we think about and trade value. It's interesting that football, a game that millions of people love, is being used to spread the word about Bitcoin.

Still, your idea is interesting, but I need to add a detailed economic perspective. When a club decides to pay its players in Bitcoin, aren't we mixing up association and cause? The funds of a club are complicated. Adding Bitcoin to their payment system could change the way financial variables work, which could cause problems that weren't expected.

But when it comes to ads, it was a stroke of genius to combine the wide appeal of football with the future appeal of Bitcoin. But let's think about it: Will it help people understand or just make them more well-known?

Mixing the old (like sports) with the new (like Bitcoin) is beautiful in and of itself. Still, we need to be careful, because when we jump into the unknown of innovation, we might not always be able to see how it will affect the world economy.

To the people who know the use of Bitcoin it is a good convenience to them because they don't need to make another transaction into fiat currency just deposit immediately and they can make a transaction of course it's different because there's a fee unlike paying into fiat currency that is 1:1 or an exclusive VAT or not or included with tax.
This kind of news can be a big deal because they adopted the use of Bitcoin known of it is rising again and people can accept this as their payment and possible price movement again if a large organization accepts this.

Things like education really need to be increased so that people know about Bitcoin in terms of its use and usage. Bitcoin is quite popular which is synonymous with the term crypto currency.
Because we know that not all countries accept bitcoin easily, by providing knowledge to people around what bitcoin is, its use and usage is much more useful at this time.

This is different from altcoins which are relatively easy to accept as transaction systems such as XRP because they are centralized, while the bitcoin system has no centralized control.
IMO, something like that.

Famous clubs, communities or other organizations can do it.
But it also depends on how the local government responds to bitcoin because if your country bans people from using bitcoin, it will bring problems to the people trying to promote it.
Another case is if bitcoin is allowed to be used by people and can be an alternative means of payment, this will encourage people's interest to try using bitcoin.
But we still can't force them to try using bitcoin because it depends on them.
We can only tell them about bitcoin now and then it will be up to them because using bitcoin is an option for them.

It is a great idea, and I believe it will really help in bitcoin adoption if truly Bitcoin can be advertised in football ways, as you said, but I don't think it is possible unless clubs decide to do that on their own because Bitcoin is not owned by anyone, so who will be paying money for the sponsorship of those clubs?

Can you please tell me who those whales are that are going to spend money to advertise Bitcoin on those leagues? I don't think that any investor of Bitcoin would take a step like that to promote it because they already know that Bitcoin has reached to many people of the world and those people will increase its value or may share details about it with their friends, loved ones, and communities without any cost. The whales are mostly there to hold and earn money with the help of the Bitcoin they own and they would never ever take any step to advertise Bitcoin.

Let's say a company that invests in Bitcoin thinks about advertising it then still they won't be able to convince the Football clubs or the leagues to place the advertisements that contain Bitcoin in it because many of the regulatory authorities are still against the concept of Bitcoin and they won't allow any advertisements that try to promote Bitcoin.

I also think that none of the clubs will announce to pay their players with Bitcoin because most of the player won't accept Bitcoin payments due to the volatility of it. They don't want to take payment in a currency that drops and rises in value every once in a while, and surely most of those players would prefer to get paid with fiat instead of Bitcoin.

Imagining Bitcoin's reach through partnerships is exciting! I've been exploring XGo, a platform designed for user-friendly experiences. They've got this cool XGoID feature, grouping various coin addresses into a single ID. It's functional design like this that can make cryptocurrencies more accessible and relatable to the masses.

It is bitcoin and not bitcoins.
Concerning your proposed advertisement in the boards during football matches and other places. I think this proposal would have been better if it was the first year of Bitcoin launch. I tell you that no single person that is playing football or even watching football that does not know about bitcoin. Anyone that has access to internet knows about Bitcoin and almost has heard about it. So, your proposal is necessary and no one will take that tax because bitcoin is a decentralized coin.

People that do not know about bitcoin are people that are living in rural places and maybe who do not have access to internet. Bitcoin does not beg people to be aware of it. It is just the battle of government to hide Bitcoin. If government should give bitcoin a level-playing ground, the adoption will be massive.

Since the football clubs are not into cryptocurrency as a payment method and the volatile nature of bitcoin, it will make it impossible for them to pay their players in bitcoin. Moreover,since it hasn't been legally accept by the world as an alternative means of payment some countries that bitcoin is illegal will find it difficult to buy players from other leagues with bitcoin and vice versa. That is why you can see that these clubs are using the most common and valuable fiat currency which is USD for payment and for transfers. This is a nice idea OP but I believe that when the adoption increases as time passes by it might come to past.

The oy thing that remain for Bitcoin as means of payment is CHOICE, and that's on it's adopters because as a decentralized digital currency, it will be hard for the government to regulate and if that doesn't happen all those payment services around the globe will choose to stay away too because they could be target by the government and it can affect their business but slow and steadiness can win this race, maybe this is the beginning, if ETFs start getting approval here and there it could mean that the law will end up allowing Bitcoin to be useful for payment and settlements around the world one day.

I've never come across a sports industry that directly promotes Bitcoin. But in Mixed Martial Arts especially in UFC (because I'm an MMA fan) I saw that there is a cryptocurrency exchange platform that is Crypto.com and a crypto project that is Vechain which has become one of their main sponsors. I think if BTC is banned due to regulations then there is no problem with cryptocurrency exchange companies promoting them to let people know about crypto including BTC.

Of course we all wish more people would invest in Bitcoin and use Bitcoin. Currently many people know about Bitcoin but are not accepting to invest in it,and the main reason is that there is no specific group or company to systematically sponsor it. I appreciate your suggestion, that if Bitcoin is promoted by a football club, it can also help promote Bitcoin a lot, and many people may be inclined to invest in Bitcoin. Bitcoin itself is not a company, but the big whales together can make this campaign work very well. If a football club is sponsored it can give a great message to the people and even people who don't know about Bitcoin at all will be interested in investing in Bitcoin. There are many ways to promote Bitcoin if put in the effort. A major online store mechanism to allow players to pay in bitcoin or transact in bitcoin will help promote bitcoin in all these ways and thus people will start getting interested in it with more certainty. I think, Governments' patronage will be necessary to implement all these proposals, as there are many countries where cryptocurrencies are banned.

The big whales putting adverts on football clubs be like "Invest money in my centralized crypto project. Trust me, I won't exit scam".
This sounds like meme content to me. Crypto.com is a big sponsor of sports events and I've seen their logo being placed on some football stadiums. Does this lead to mass crypto adoption? Nope...
Be honest here. You want crypto adoption mostly because you want the prices to hit the moon. You don't care about the poor bastards, who put their coins in centralized crypto scams and lose everything.
True crypto adoption will come, when the newcomers stay away from big crypto companies and keep their coins in their own cold wallets.

Why would a whale advertise about Bitcoin? A whale is happy with the way he ir she manipulates the market to accumulate Bitcoin from weak hands. Bitcoin adoption is moving at a faster pace than you can think. Think in this way why suddenly there is big debate among governments of different countries about regulation. 3 years back none of them cared about regulating Bitcoin. Now all of them are trying to come up with a global consensus on regulation.