Friday, March 16, 2018

Panos Mourdoukoutas: Google Crypto Advertising Ban Good For Bitcoin

This will be a quick one since I have a 3am start time at my first job site today (yeehaw...).

Most of you probably have heard by now that Google is banning advertisements for crypto currencies from its ad services. That has caused a big slide in the market and made many think that it's all over.

But perhaps not...

What if instead, this only hurts the multitude of pointless crypto coins that have proliferated out there?

Bitcoin is a household name. But the latest crap coin to come along? No one knows of it and it needs tons of advertising to even crack .01 cent per coin.

"Major cryptocurrencies like Bitcoin, Ripple, Ethereum, and Litecoin do not need advertisement, because they are well-known in the investment community...

...banning cryptocurrency advertising on the part of Facebook, Google and other websites is actually cause to be bullish, not bearish, over the long term. At least for major cryptocurrencies for major cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin...

...Another reason is that the ban will help weed out scam coins from the market, and therefore, install confidence among investors in legitimate coins...

...Weeding out scam coins, in turn, will eventually limit the overall supply of coins, and therefore, help the prices of major cryptocurrencies rally." -- P. Mourdoukoutas
 Food for thought at we continue to slide.

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