Hey Jessmaximalists
Plenty of cryptocurrency enthusiasts like myself are enjoying the benefits of getting into the Bitcoin and crypto space early; we can naturally see where this is all going, and it gets us excited I get that. In my first few years as a Bitcoiner.
I would say I was super evangelistic trying to spread the good news and getting people involved in the space. It fell on deaf ears as many of you can imagine.
I thought you know its a marketing problem, it's hard to understand its difficult to use, it's alienating for people and we need better messaging and marketing, and absolutely I agree with that. As the ease of use gets better and the messaging becomes clearer people will "get it" and want to get involved.
We have much to do in marketing and education department, and while I am enjoying the content I get not everyone wants to read all the white papers and get involved in all the tech talk, they want the working product, and that's it.
Bitcoin for beginners
I do think Bitcoin "lite" will become a thing soon and people will buy custodial Bitcoin, and use apps for normies to get started and then hopefully more will dive deeper.
I think the best marketing is always a high-quality product; it tends to sell itself, so as wallets get easier to use, and more vendors accept it, it begins to amplify the marketing and messaging.
Many people have now heard about Bitcoin, but it hasn't sucked in as many people as we would have imagined, yet.
Central banks are pushing people into Bitcoin
As countries around the world debase their currencies faster each year, more people are starting to wake up, to smell something fishy. When you can speak about printing trillions on any given day, and people are desensitized to it, it's only a matter of time before quintillions become a thing.
Each time a new batch of inflation is created and added to the economy, be it the financial economy or real economy, it ads more units to a smaller system. As GDP plummets, there is less productivity divided by more units and fewer people getting access to the units.
It doesn't take a math genius to realise that this unsustainable and money buys you less and wages don't rise fast enough people are going to start looking around.
The advertising continues
If you check out this video by the IMF Annual Meetings, Kristalina Georgieva calls for action to ensure a durable recovery and resilient future as countries adapt to structural transformations brought on by climate change and the new digital and knowledge economy.
I went through the video, so you don't have to, man this lady is boring as shit. But what she said was the IMF is backing as many loans as developing nations can carry to fund developed nations debt and move all that debt to shitty currencies which will collapse to prop up the rest of the world.
Basically, what we're doing now but turned up to 11, no limits, they are going to commit to hyperinflation in developing nations first and print without a debt ceiling, until they can launch a full CBDC (central bank digital currency) by 2025.
The more they print, the more they push the bottom 50% into poverty, the more people on edge will look for an escape and ar ease valve. The more currency units created pushing into Bitcoin which has so few currency units, the more the price rises, the more Bitcoin shoots up in this QE low-interest-rate environment, the more people FOMO in.
It's a simple and effective marketing strategy, and I applaud the central banks for doing some of our advertising for us. For every trillion they create, they push a few thousand. People to become Bitcoiners.
Individuals, businesses have already moved to a Bitcoin standard, and I am sure it's only a matter of time before one of these smaller nations getting crushed under a fiat system decides to come on board too.
This is a ground-up movement, a revolution, we might seem like radicals its and anarchists now, but so did every civil right and freedom-loving movement in history.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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I think it's only a matter of time but still that time period is probably 3-5 years before people are truly seeing what's going on. At the moment there is still belief in governments and asking for handouts but what it does mean is that we can still pick up sats on the cheap(ish) before we see BTC just soar in value.
If you can give me 3-5 years to stack up I'll gladly take it with open arms, should everything continue on the way it is towards its obvious conclusion. Should I be thinking like a millionaire already? Lol Millionaire in training
Lol! Che-millionaire in the house! Setting up these direct daily payments son, let's do this!
Did you know that we get a new tax rule in January in the Netherlands that you have to pay for having money in the bank. So the run on bitcoin is huge but also other coins and stock.
Thanks for always being here 72 good luck tomorrow morning hope you are top3
I heard something about it early in the year but didn’t check it out I thought it was negative interest rates on savings over 100 000 euro to try and get the top people to rather spend their money which I think is dumb but okay
Then I also heard the Dutch are campaigning for 2 euro a day for toilet paper and tea if they are working from home lol you Dutch are really a special bunch
There’s this Dutch guy on Twitter called Plan B and he says Bitcoin is going to $288 000 a coin and he explains it all and I have to say I believe him
It’s it for amounts from 250.000 and if you want to open a new account with another bank to spread the money you are turned away
Indeed the working from home is a thing here people are making requests to keep travel money to work but also want their toilet and coffee expenses well let’s say he dutch got crazy!!
Funny that you keep track of us and I don’t know plan B maybe we should ask him to join hive and give him a account
LOL damn, so they're really trying to force you guys to spend and I am sure 250k is only for now, they'll keep lowering it to get more people to spend. lol I tend to keep my ear to the ground on what happens around the world I don't want to be caught off guard I also want my toilet paper money lol
Here's his Twitter account - https://twitter.com/100trillionUSD might be worth reaching out, his got 142k followers
Well and the 2,5 is total of all teh bank accounts you have so spreading is not do able,
I dont have twitter but @hivemarketing might want to pick up on this
With Paypal coming into crypto, the Cryptocurrency market is looking bright.
Funny you say that I wrote a post about why I don’t think PayPal is the silver bullet but I do like that they made the move no doubt about it! People don’t want to do research all they want to do is connect dots so PayPal trusted PayPal using Bitcoin okay Bitcoin is trusted
I doubt a lot of people from PayPal will ever use BTC until the relative stability of their fiat money is challenged the way we see in countries like mu own even though out currency is being killed and I am trying my best to curb the damage on myself people are still not caring they see inflation as normal