Bitcoin Surge The Best Advertisement For CryptoCurrency or Is It.

in #bitcoin7 years ago

The surge in the bitcoin price this year is a great advertisement for CryptoCurrency.

It has bought in thousands of new investors, who wish to discover this technology.

All is great as the newcomers educate themselves about the blockchain, and get involved in purchasing currency and tokens. As we all know news is great, so as bitcoin starts to appear in news on TV and in the newspapers, new people become desperate to jump on the bandwagon.

In the long term this means that so long as there is no sudden collapse in prices, the newcomers will be here for life forcing prices to keep on rising.

I think it important for people who promote certain currencies and ICO's to also point out reasons why the bubble might burst so that new inexperienced investors can take action before any collapse.

Watching videos on YouTube some people who have thousands of followers do not seem to warn their followers about future news or reasons why there might be a fall in prices. For instance at the moment everyone seems to be pumping bitcoin, but I do not think bitcoin is the place for newcomers at the moment.

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