Bitcoin Forum

Do you think the issue of facebook affects the Market price? Because Facebook previously banned Cryptocurrency ads, but now there is a bad issue that says that Facebook user data leaked. And today Bitcoin price rise up to 13%. What do you think guys?

Probably.. These were so bad news for us...

The Bitcoin price now has rose up not because of the Facebook rules, even though it affects the currencies. The growth was affected by other things, and about Facebook activity- it affected only in a bad way.

I do not think the bitcoin rise is affected by the negative issue on facebook, I think it's just an issue to get people to panic about the crypto ad.

I think the leaking of facebook user data is not connected with crypto and the market will not be affected with that problem. But I am happy with facebook problems, because facebook has got a worthy reply when they ban ico and crypto.

I dont think this facebook issue has something to do with the current price movement in cryptomarket.

how the price of Bitcoins connected to Facebook? why not to twitter or to something else? In my opinion this is coincidence not more

Well, definitely it affects the prices. As we all know, the price of currencies is almost fully depending on the people involved and people that heard about it. 

First of all, there's no relation between their banning any crypto related ads on their platforms and the data leak issue.
Crypto market is far from the data leak and the people who are concerned the data leaked are those for the users of Cambridge Analytica that their private information were sent to the companies that were trying to analize everything about the users.
Banning Crypto related on the other hand is indeed affects the market cap and the volume trading because ICOs can no longer display their ICO information on social media and not only facebook, twitter, snapchat, google were recently announced that they will no longer support Crypto related ads as part of their new advertisement policy.

Facebook and other social media platform roles are bringing people closer to their loved ones and not being a victim by the fake and scam ICOs.
they ammend their advertisement policy due to number of users that put money on some ICOs that eventually bagged their money and ran away.
People put their trust on ICOs that were displayed on their feeds and thought that they are legitimate but they're being scammed so facebook had a special role for the scammers.
Now, the crypto market is recovering without the help of social media, so I think that we don't need facebook and social media on promoting ICOs and crypto projects into the public.

I think the issue didn't actually affect the value of the crypto there are a lot of factors. But knowing the issue it is really a bad news but there are still a lot of social media that can handle cryptio ads, facebook is just one thing.