Bitcoin Forum

Monday, August 6th at 11:00 am ET
While Wall Street was built from a closed circuit of insiders who guarded insight and built fortunes from information asymmetry, the world of cryptocurrency investing and trading flips this script. Analysts and traders use social signals and share information in real time on a global scale. These signals helped propel an all-of-a-sudden multi-billion dollar industry to global importance. How did this happen? Will social media continue to impact the world of cryptocurrency trading and development? Does this make the sector stronger, or does it deepen the fractures?

I think the social media world and news greatly affect cryptocurrency especially in terms of trade. more and more marketing in social media and news will more and more people know about crypto.

Cryptocurrency too can be manipulated by social media by creating real and fake hypes on some believable facts. Social media now became a strong baseline for the people involved in the internet world.   And we know that Crypto-space is totally built on internet world.

I think for terms and trade social media place a vital roel and it greatly affect the crypto currency. I think the best way to promote crypto in social media. I believe more news will attract more customer.

We have come to a point in time where social media controls a big part of our life, it also can manipulate us by spreading rumors just like media and television. This generation is very much reliable on social media for all the news and updates, so, I think it will stay like this untill some new technology replaces social media.

The thing with social media is people are using it at both a tool for trading signals
and also as a means of income from referrals, follows and likes.

The people with most infleuence can signal trades true or false to their captive
audiences to aid themselves or those who reward them.

Its different to the closed door approach and it will continue in this age of information
The tricky think though is figuring out who to follow, what signals to act on and
what is real or not.

Social media has great impact on this market and it will continue to do so. Promotion is needed before launching and after launching crypto currency.Social media as well as internet play a great role in this market

Social media really impacts on crypto market, it spread news about crypto and more people adopt it. So it’s really impactful for trading. 

Nowadays social media and the internet is a big deal for promoting the coins because here they can promote their coins vastly also many people are easily notified of the coins and projects.

Agree, because one of the causes of falling Bitcoin prices is when Medsos services like Facebook, Twitter and so forth prohibit Crypto-related ads

In my opinion, social media will continue to promote cryptocurrency because many new social media have been built based on blockchain technology and of course this will strengthen the development and trading of cryptocurrency ...

Either used properly or scam intentional, social media does affect the cryptocurrency market in many ways. There is this great impact that social media brings to the flock of investors mainly because it is quite available and the visibility is fluid.

Social media has been a part of our daily lives. Some even merely rely on their social news feeds for their daily dose of news. And at times, whether true or  not, this news feeds are taken as is.

What more, the factual basis of a news has been based on the number of shares, likes and views which had the tendency to create a widespread sense of truth. Sadly, a lot of people out there takes advantage of this and cashin on the benefits which taints the strength of social media influence.

because they control global trade, they only create networks, so networks help them to control the world trade system.

yes, social media always has an influence on the crypto world, it even affects volatility, 60% social media makes crypto become stronger and able to survive, but we don't forget that networks and social media always have the opportunity to give bad effects to crypto.