Bitcoin Forum

Twitter is a double-edged sword
Twitter is where most of the cryptocurrency community members are active. Every day there are dozens, hundreds of analyzes, reviews of tables, prices, trends ... But Twitter is also a double-edged sword.

Twitter can help you gain more experience, knowledge. This is where you can refer and share what you know.

In contrast, Twitter can also kill you if you are not a person with the knowledge to determine what is credible and what is not credible.

So when you participate in Twitter you should be selective carefully, should choose which page and which can be trusted

Twitter can work in both directions, agree. One can get used to buying someones calls on a bull market and got rekt when things are turned red again.

i still think social media platforms such as Twitter that anybody can post on without having any expertise are not a good place to go to if you want to "gain experience" about trading.
almost all of the tweets that you see on twitter are biased. and majority of them are advertising the coins/tokens that they are holding themselves and wish to go up.

if you want to gain experience in trading i suggest two things: first tradingview.com website which is a much better place than twitter although it is still mostly biased.
second is the market itself. go get your feet wet. you can start with a very tiny amount of money like 10 bucks to start trading cryptocurrencies and learn the tricks.

specially if you start trading NOW you can gain a lot more experience because prices are falling. when you start during a pumping season you buy some random altcoin and its price goes up you may end up with a false sense of expertise. but not now that prices are falling. you must make good choices and learn timing which is the most important thing for your exits and enter alike.
(actually i am going to start a topic about this here)

True. They give news for most crypto currencies by now but that doesn't mean we should stop there or believe everything that will pop up with them.
It could be just a creation for FUD or a scam. They cannot filter those kind of things. Although you can be updated with everything that is happening there should still be the doubt to absorb it all and look for more details if it is true.

YES, thanks for sharing. I was also involved at the pumping market. I have been delusion about the profits I have earned and blind expectations about the market.I thought it would increase continuously and not stop. At present, if those who start when the market is dumping, they will make the small profit as 5-10%. They will be alert when the market pumping.

I agree. We learn and gain experience in both uptrend and downtrend. But if newbies start joining when the market rocket, they may easily suceed and  fall into the illusion about their expertise, as you say. So, if they can start trading and survive in falling market, like these days, they may make pretty bucks later when BTC get back up to 10k or higher.

twitter is the main tool for cryptocurrency market but at the same time they play with the emotions of the investors in both the market uptrend and downtrend market which we should understand very careful overall cryptocurrency is dependent on twitter

Can not say Twitter is a double-edged sword

unfortunately these days the social media is being used to mislead the newcomers into buying shitcoins that are not good at all. these days there are a lot of newcomers starting with cryptocurrencies and since they have no idea what is going on in this market they seek help from others. while doing that they fall prey to the pumpers who have already bought some shitcoin and now want to dump it on them.
in other words I think twitter is more like a 1 edge sword which cuts the newbies deep.

Personally, my opinion that Twitter is a real dump!
A huge number of fake accounts and endless spam, offering to register for referral links.
To get some shit coins that do not cost anything ...

If you really working with your knowledge then you can use social media as a basis but not an actual reliable sources of information, just like what you have said twitter can go in both directions, good and bad its all about how you understand and how willing you are to investigate further in order to learn how to take advantage of certain news that spreading out.

May I correct you? "Internet". Not "Twitter". Though it's no different with offline. Paper doesn't make the words true, nor do the mouths. Some people lie. And ereryone makes mistakes from time to time.

I love Twitter more than other social media because it seems to be much more loyal for the cryptocurrency advertising and for bounty hunters as well. Twitter is allowing you to handle up to 80 bounty campaigns at the time.

There is a better platform to learn to trade with the community rather than Twitter. TradingView as the example. Twitter is dominated by bots, I doubt it is the most active cryptocurrenices community members gather at Twitter.

One needs to spend some time on twitter just reading and watching the analysis and information written there..after some time you will start to realize who is credible and who doesn't know what they are talking about and so you will end up following only people who are worth listening to..

Twitter seems to  be the most popular social media in terms of breaking news and entertainment to sports, politics, and everyday interests, when it happens in the world. It is one of the biggest marketing phenomenons of the online business world. In fact, it has been growing faster than any other social network and is expected to grow at a faster rate in the near future.   As a marketing platform, Twitter offers many benefits to businesses.

check www.tradingview.com (http://www.tradingview.com)

it is also applicable to all social medias'(specifically whole digital world)  around us. For example this platform is really good and daily many new ico get listed but still there are some fake icos. So we have to be very careful and research about every step that we are going to take...

I don't find it dangerous, quite a useful tool for getting quick information without going into too much detail. Haven't got time to read the news about everything so i just follow a news group and get the tweets

misleading information can be found in any media such as twitter, instagram, blog even on news sites, therefore everyone needs to be careful and evaluate all the information that is important to them, don't fully trust the pages of social media, or any news source, evaluation remains to be done if interested in any information and want to check its truth

Unfortunately, pornographic content can be accessed easily via twitter even though it has been using filters. some users are very easy to promote pornographic content on twitter.
so far I faithfully use twitter to get information about trading analysis.

There was a time when I was going with 82 bounty programs with my Twitter account, and it was completely ok for it in the same time when Facebook can not stand it anymore. So why this reason I love Twitter more.

You know what happened with America election, right? Twitter accounts are controled by bots. That is why I always assess everything I read on Twitter.  By the way, it is not the only channel for you to discuss crypto, so you know what to do now.

Twitter can actually affect the market prices because people who might read the news can change their decisions towards cryptocurrency.

Twitter can help you gain more experience, knowledge. This is where you can refer and share what you know.

twitter double eyes, yes that's what happens now though sometimes presents less accurate information I still have it, selective in selecting pages need to be noticed because every page does not necessarily present accurate information sometimes also invalid. Being careful is the most effective way.

I don't think Twitter is a place to get knowledge, but only to broadcast news. no more than

Agree with your comments. But I still think the good side of Twitter dominates the bad side. I can search a lot of reputable campaigns on Twitter or search for the latest news crypto on twitter. I still think twitter cannot kill the crypto

Yeah, totally. If you use twitter us an instrument for your analysis it might be very helpful; if you think that it's a free calls service - it may cost you some money.

Correctly. That is why, I believe that it is better for beginners not to listen to the advice people give in social networks. All the necessary and relevant information can be found on this forum. Here more qualitative information is published.

It is beneficial for crypto advertising. So I thought it was a double-edged sword. It is very beneficial for publishers and bounty makers. But it is very harmful to investors because it has so much information. Most of them are less useful information