Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +1.79% and ether ETHUSD, +1.97% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap.
The commercial, which debuted on October 28, 2021 and was replayed again during the Super Bowl, has now been viewed 9 million times on Twitter and over 17 million times on YouTube. “I’ve never done an endorsement like this,” Damon, who is also a Crypto.com investor, said when the commercial debuted. He also told Bloomberg that he’s ready to “ride or die with the economy” — but he’s also not quitting his day job making movies.Unfortunately, if you had purchased $1000 worth of bitcoin when the commercial debuted, your crypto value would be about $481 today.
It’s worth noting, however, that 40% of people who own bitcoin are upside down on that investment, according to a recent CNBC report.Bitcoin prices moved 5.2% higher on Thursday, rebounding from a tumultuous week. Ether prices were down 1.09% during Thursday’s trading.
Nothing but thin air
Haha ! Gobalist elitest lizard hybrids take it in the shorts!
Lol
Only fools take investment advice from Hollywood actors. The advertisement agencies use them because there really are lots of fools out there. “ a fool and his money are soon parted “
So fortune favors the smart..not the greedy got it
Ha ha… I knew it was a scam from the beginning. 🤣
More brave souls have died in battle than generals.
DUH! Why bitcoin is worse than a Madoff-style Ponzi scheme
When I saw this, my first thought was that it might be a pump-and-dump
😂😂🤣🤣
Matt Damon should reimburse them
Now look at if you had invested in Bitcoin 3 or 5 years ago, a more logical investment horizon. How does that look compared to equities? Imagine if you bought $SNAP OR $NFLX at the date the commercial premiered….
Well you know, water in the desert and all that…
Be nice if later everything go's way past what it was when everything was good then you'll be looking back like oh be humble🔥🚀🪐
that's not bad?!
😭 thank you, For that!😜💯🤣
It may be even USD 1 if the market trend continues in this direction.
Crypto is a great example of something to buy when no one is talking about it and sell when everyone is talking about it
FUD
It’s not Matt’s fault!
Failure favors gamblers.
Suckers.
This is why we hodl so when it is worth 1000 again and it crashes again we will have 481 again
Matt Damon in the mud.
Fortune favors the long term buy and hold non-leveraged investor. Which is probably “brave” for many as they can’t help themselves from trading too much.
Crypto favors the dumb.
Oh man, I'm SO SORRY I didn't jump on that gravy train! 😅
Same thing with the entire stick market
Fortune favors those who understand that what goes up must come down. :)
djrothkopf Because being “brave” in investments is always such a wise move.
Probably ghosted by his friends in Hollywood.
djrothkopf That's what you get for taking financial advice from Matt Damon.
I don’t understand why someone like Matt would be willing to do a marketing pitch like this - hardly he needs the money. Unless he is really believing this pump and dump Ponzi scheme… 🤷🏻♂️ Of course doubt he has any real finance skills to make a well educated call like this…
djrothkopf Time to update the ‘shoe shine boy’ to ‘Matt Damon’ in the oft repeated line about market bubbles & crashes.
djrothkopf Sounds like the kind of thing that can happen when celebrities are paid to endorse something.
Hey, MattDamon made coin on it, but you didn't. BTC Bitcoin CryptoCom
In what world is 6 months a viable window to measure investment whether traditional or not?
djrothkopf That’s only 196 days ago. Not long. You need a 5 year horizon at least. If you thought you were going to be “guaranteed up” in less than a year, you shouldn’t be investing in anything. Your fault, not Matt’s.
And in another year it can be worth $4000. Let's just chill with the freak out
djrothkopf if one had $1000 sitting in cash last year its degraded since in buying power by 20% ballpark or more (varying by product category), over that span and thats just so far, could get much worse
How to make a small fortune in crypto: Invest a large fortune
djrothkopf there are thousands of folks who got into Bitcoin when it was at 0 or 0.01 or 0.1 or 1 or 10 or 100 or even 800 and stayed in and so now with BTC 'crashed' down to $29k or whatever they are still SUPER rich whales and far far net ahead *shrug*
RemindMeBot 3 years
djrothkopf I'm sure he's good for it.
djrothkopf Lol, crypto losers. So, scratch off another get-rich-quick scam from the list.
You can bet he was paid in cash. Aka dollars, dinero, green! And to be fair that is worth 1/10th less than it was when this aired! inflation
Still a better future than $1000 sitting in a bank account for 10 years.
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