Bitcoin Forum

Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

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Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

It became popular due to the prices that everyone is seeing. Price of bitcoin, ethereum, BNB, Dogecoin and other cryptocurrencies that have much increased in a short period of it.

That made people to download those trading apps and they all became interested. This incident usually happens when we're in the bull run. People are always interested to the market when it's up but when it's down, not that much news about surge in downloads and searches.

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Reading up the link they didnt include any resource that would prove out on what they do claim- Shitty media as always - If they do just based off on IOS appstore then its bullshit that they
would say that trading platforms or exchangers do able to overtake those popular sites or apps in the market as of this moment.If they are just basing on a single place
then it wasnt really accurate at all and just telling that Coinbase is really able to overtake that Famous tiktok app which im bit surprised if it did really able to do
so in a short span of time.

If I am not wrong the number if downloads decides which app is mostly used but the ranking you are talking about may depends on the trending which doesn't mean the these apps surpass the social media apps. Anyway people are more using cryptocurrency market place which is a good sign of development in the adoption rate.

Its clearly stated that this do only talks about recent days numbers which means this doesnt count as a whole but its still a good thing that recognition does really show via those numbers.

Neither those people who had made out those downloads are actually interested on making out some trading or some investing then that what matter most.

Its just a matter of time on where full adoption would take place.It might took for more years to come but at least we do know that chances and progress is there.

There’s a lot of social media users that didn’t know trading so I don’t think trading is more popular but for me this doesn’t matter because we’re still far from the mass adoption and that numbers is still low, we need more new comers and in terms of trading, I doubt that everyone will trade because this is risky.

The original articles pointed to sensortower, which is pretty accurate
https://sensortower.com/ios/rankings/top/iphone/us/all-categories?date=2021-04-16

But, what it tracks is daily popularity, not the global amount to date as TikTok is 10 times bigger than the two combined by March statistics alone and the stats are only for the US, so it's more like a quarter of the story is right. Of course, downloads don't mean users and users don't mean actual trading but that's already going too far into details.


As I explained previously the title is a bit false and besides that, it will never happen, first is because 80% of the world's population can't afford the $ to invest in the first place, then trading is not for everybody. There are still millions out there for whom creating a youtube account is a challenge, you won't see them even trying to understand what trading is about.

You won't see people ditching fail or snake bite videos for trading en masse.
And if that happens it means it's 1929 all over again.

That is really an interesting conclusion.

I just wanted to link these changes in people's latest activities to the incident of with few months back some people did dogecoin promotions on tiktok and other social media if I remember exactly. People who noticed that dogecoin promotion and the current price of dogecoins then definitely will go for checking crypto space.

Most probably dogecoin's recent surge must be a reason for changes in downloads trend toward crypto related apps.

Trading is still risky for everyone and it doesn't mean that its more popular because social media is still the top platform where most of the people spend their time, trading on the other hand is still no that active compare to social media platforms. Though this is a good indication that more people are starting to adopt cypto trading, and in time we might see the surge on the volume of incoming traders.

Probably Robinhood and Coinbase was on top for a specific time and not for all time because we all know how social media works today, and its very popular compare to trading apps.

Cointelegraph most of the time are releasing articles without a proper investigation or analysis just like this one, I doubt that Trading apps will ever take over those giant social media platforms, even traders have their own social accounts but not all social media users have trading account, so this is too impossible to happen.

Total download numbers can not be used to judge the growth pace. If you want to compare the growth pace in a month or during recent months, you have to assess stats for one month or a few past months period, not All time in history of each application.

It is very normal if applications of cryptocurrency exchanges have exponential growths in recent months. I recalled that Binance or Coinbase have their reports that their new registered users are growing very fast.

2021 - Global Crypto User Index (https://research.binance.com/en/analysis/global-crypto-user-index-2021). Download the PDF file (https://research.binance.com/static/pdf/Global_Crypto_Index_2021.pdf)

Take note that monthly active users is a far more important metric than total downloads. Facebook, Twitter, YouTube, TikTok, and other social media platforms are far far more likely to be used by people on the daily, compared to finance and trading apps such as Coinbase and Robinhood.

Cointelegraph is like any other newspaper, they try to attract people with sensationalistic headlines! So most of their articles are pure trash, except big headlines, there's nothing else to see!

I don't doubt, treading apps will never be more popular than social media platforms. Simply kids from early ages have accounts on various platforms, older people are using it for fun and staying in touch with others... it's not everything in trading and making profits, and for sure it's not for everyone!

As you say, these stats (if true at all?!) are just for some time frame, and maybe due to this hype, more people are getting involved... but we should stay real, it's near to impossible for any trading app to become more popular than some giant social media platform!

Not to mention that social media is far more accessible compared to trading apps in any country. I think that social media is just a platform to make things trending and I don't think that it is worth comparing it to trading because they are completely different. Even if people are interested in crypto aand stocks, there's no way that it will pique everyone's interest.

If you are fan using your phone, social meant a lot for your to know, not trading. Social media is the top among other platform and rarely possible that trading could be as it need money unlike having Tiktok, FB, Youtube , and etc...

people had found social as way to please themselves, expressing their opinions, talking to someone and many more. While trading is a serous business, this involves money that many were no interest of it.

If you make you life happy, then go for social media but if you want to stress your life, then trading is good for you.

Nah, this is either a daily thing or monthly thing, but definitely not an all-time thing. I reckon that people are quite active with the internet now due to having nothing to do, hence why the news of cryptomarket experiencing huge booms have had them interested in checking it out. I myself have been asked by a lot of my friends on how to actually enter the scene, so it isn't that surprising that it actually made it boom. Not to mention that trading is more popular than social media? Highly doubt that. Humans are social animals, after all, nothing could basically beat (at least right now) social media apps with how they share information and entertainment to others, and imo, trading isn't one.

More and more people interested in bitcoin now. Mostly because of price. They hear news about bitcoin every day, and this is pushing them to look for a new app for learning bitcoin.
I've heard from a lot of people that they want to buy bitcoin and mostly regret not buying it before.
It just money ;D, not bitcoin technology.

Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it. Even me don't have that 2 app that OP mention, maybe if big exchange trading app or maybe blockchain wallet or any wallet that already realy famous maybe can reach but maybe not same yet with social media app.

These days all crypto-related services are available as apps for your android or iphones; it means you can use crypto exchanges on the go for buying/selling your favorite coins just like using social media. So, somehow there are the possibilities for the changes in trend among certain age group of people which might lead to increased number of downloads for crypto related apps against all other apps in recent time span.

I welcome this change and I wish it needs to be continuing so that more people will get awareness on cryptocurrencies which made be ending up in more adoption of cryptos.

It's clear that people nowadays are after with crypto currency since they saw what was the price of Bitcoin before and now it's making a new ATH price that nobody expected this price would be hit. So it's just understandable to see trading as most popular nowadays than in social media.

If you have noticed that Bitcoin before when it's still in the $10k to $14k last year no one really care about it and they were just doing their everyday life with the use of social media. But when Bitcoin started to get bullish this year plus you include Elon Musk in the story, I don't think people would let this opportunity to slip.

Social media could be surpassed, as in one single version, not all. For example, we could have more people trading per day than there are people tweeting, that might happen, I know it sounds unreasonable because one is free while the other one is requiring your money (you can earn more but you can lose more).

However not all social media places are like facebook, instagram, twitter, reddit or the likes, some places are smaller, for example this forum could be considered a social media, it is a forum but that is a way of being a social media as well, and trader numbers are higher than here for sure. So, that means there are some social media places that have higher active user count than daily trader number, and there are some that has lower active user number than what we have in daily trader number. This is why I think it is quite possible, just not as a whole.

Another explanation that makes more sense is that simply social media is reaching a saturation point, even if there is a lot of people out there our number is not infinite and you can only dedicate so many hours to keep in contact with friends and family members, those that do not want to use social media will not do so no matter how attractive you make your platform and when we take into account that many people are still in a bad economic shape then this could be helping to increase the interest that people have in cryptocurrencies.

Well, I am sorry but I think the reason why the trading platforms downloads are higher than the social media is that social media has been installed already on their phones. And the one that you saw was actually the list of the frequently installed apps these days. Meaning to say that, the fact that social media are still part of most downloaded even when it’s already installed on most of the phones means social media are still the mainstream. Instead of following them on Titok, Twitter and Facebook, just make your own analysis is far better than them.

Personally, I don't think crypto trading is bigger than social media. Thinking logically, crypto is still not on mass adoption yet, while social media is more common spread. Think how even your grandma posts on FB etc. It could lead to something but to say that we're there is not true.

It is true, social media has given crypto and encapsulated Elon Musk as a crypto/BTC idol but despite all of this progress the blockchain is yet not ready to sustain ~7bn people, though progress with ETH v2 and other interoperable blockchains such as BSC is ongoing.

I have no doubt that crypto is basically the most popular topic on the planet and also the most popular topic being discussed on social media as well. But I do not think that crypto is more popular than social media since the number of social media users surpasses that of crypto by a huge margin. A possible explanation for why both Robinhood and Coinbase trading apps are topping the charts is because more and more people are constantly searching for both apps on the Apple app store more than they are searching for other apps. Crypto is big but it still not quite there yet.

I think people are just overreacting. There is no accurate source that can tell that trading is more popular than social media now. And just by using common sense, even we are lurking for crypto for a long, it's difficult to imagine that just by "trading" it defeats the popularity of social media.

Let's pin the word "trading" which is not a comfortable thing to do by others even at those on crypto for long.

And besides, social media does its own purpose so I think the comparison isn't appropriate.

There is a situation that can make some people getting interest to trade or invest their money either in crypto currency or traditional market. Yeah, I guess it is just because lockdown event from almost all country.

Many people are forced to be creative, especially to help their economic income. Also, I was the victim layoffs of employees affected by Covid 19. If I don't know crypto currency then I'll just confuse where should I get money for my family.

This is why most people are interesting to trade especially for those who likes bitcoin. Bitcoin price movement is really tempting for those who sees its price movement. Yeah, you can get a lot of money by buying bitcoin for just several times. At least this thing can be made as a reason to leave social media as their activity to trade.

Social media has nothing to do with money right now, and with trading you all what you need, the finances and fortune that you desire to. Folks realized their wasted time on social media, and instead of drowning ourselves from those non sense post lets reverse the scenario towards trading. You're not just wasting time but you're also learning to grow as an expert trader who is willing to loss and gain.

This is an indication that we are in the digital era and cryptocurrencies is aging the mass adoption. Anybodydy that join onboard now are still part of the early adopters.

From my research I believe there are lot's of people and institutions adapting cryptocurrency or going into cryptocurrency, cryptocurrency is really spreading fast and almost everybody is interested and wants to make money online. Dur to the increase in price of bitcoin it is really encouraging people to go into it and make money. Seriously if you really know your ways you will definitely make alort of money in Cryptocurrency. There are lot's of risk attach to cryptocurrency but in any business or investment there is always a risk and if you are not ready to take the risk then you are not ready to make money. Cryptocurrency exchange leading Apple store that's really a nice idea and it shows that people are really adopting it.

Maybe 10 years from now we could say that crypto users and adopters will surpass the volume of social media users. Because in these days, their number is very large compare to crypto enthusiast. May some people heard about Bitcoin, about Ethereum but the question is are these people investing crypto or most likely they just ignore it? We can't deny the fact that many were still blind about Bitcoin, and their thinking about this thing is just a scam, Ponzi scheme, and full of negatives. 

Add to that is also because of the pandemic. Most people are in their home now, some lose their job and looking for a way to earn money. They see those trading platforms to do that and also with the recent increase of cryptocurrencies it would definitely get them interested. I even saw some tiktok videos now shilling some coins to buy. This just means they are also trading on some popular searched platforms. I hope these people did their research well about crypto, market won't always go up. Time will come that bear season will happen and I hope they don't lose more money because of trading. 

I think that trading is not above social networks yet, there is a long way to go for adoption, however, social networks may be the engine for trading and it is looking into the world for the Bitcoin and cryptocurrency market. Also what the world is experiencing is not easy, because the pandemic has forced many people to be surfing the internet and when they see Bitcoin in the news they begin to be interested, this draws attention and the interest in generating money may increase and reach a great consensus that produces more emotions in people, especially those who do not know much about Bitcoin and want to enter the market.

And if they see news from JP Morgan advising to buy bitcoin, the impact is greater, since they think that if millionaires invest it is because it will generate a lot of money. Youtube is very popular, now tik tok and among others they also resonate, but before getting into social networks, people seek their comfort and convenience comes faster with money, and bitcoin represents money.

That must be really a wild and surprising speculation in my opinion because your talking about 10 years from here. I agree and I can get your insight on this but we need to consider lots of factors here for that.

Because I'm seeing most people are giving more important for their social life rather than investment opportunities; unless otherwise people are changing their perspective on investments, I'm not seeing what you are saying is not going to happen. People are prioritizing social life more than earning opportunities but that must change at first hand.

I can't directly answer yes because I have no concrete basis but based on my facebook friends as well as officemates, trading becomes popular especially when bitcoin quickly rise its price this year. I have seen facebook post of different price chart and their earnings as well facebook my day stories which is sometimes videos that uses coins.ph mobile app or uses desktop for different trading platforms like binance. Another one is my officemate, I asked him what is he doing he replied "Crypto Crypto" then I asked him more and I discovered he is doing a day trading. Like when he buys BNB at $512, he claim his profit immediately when its price rises to $514. Those are the people who are around me. I am not sure about the others.

It's rather absurd to make such judgements just because of a one time position on the ranks. There's no way possible trading would become more popular than social media, at least not yet. You'd need to understand that only a smal percentage of world's population are into trading while over half the world's population have one or two social media accounts.
What caused that is just because of the recent surge in the price of bitcoin and other crypto. They are only downloading those trading apps because of FOMO. I tell you, there's nothing more

i don't think so, even for a given period of time, crypto trading apps topped other social media apps, that's it. We cannot be sure what is going to happen next but as per stats we are concluding like that.

Even very small percentage of world population is using crypto, I guess at some stage that social media platforms might get saturated and then we cannot expect same kind of activities to be happening all the times whereas something which is assuring easy money making might attract more people and I guess this is kind of situation is happening right now for crypto apps.

You already stated enough reasons for backing up the subject of this topic. That FOMO may get intensified more in coming weeks hence this trend may persist for some more time as well. So, nothing wrong to assume about the popularity of crypto apps over social media apps, at least in short term.

Nope that is not true, that only reflects the level of traffic those applications got that day. And I am not surprised since the price of bitcoin and a lot of altcoins are pumping and are very high, so who wouldn’t like to check it out and know what’s going on with the cryptocurrency market, a lot of people are interested in it. But that doesn’t mean that they have become more popular than social media apps, most of these social apps comes pre-installed in your phone, so what makes trading apps would be more popular? But it’s good that there are lots of people recognizing the trading and crypto apps.

It might be true. I can say i am the live example of that topic. From 2014 when i joined facebook. From that time i became a fully social media adicted. I usually use mobile all the day. Spending my all time to chat with stranger girls. I was totally addicted to make friends. Honestly i spend lots of time to talk with 4-5 my friends all ares girls. And then spend lots of time on feed to comment, like others post so that they also like my post. And i also got 800-1k like usually in every photo. Well i only know maybe 50-100 people all of them. But still i use that. But when i enter in bitcoin from 2017 but after 2019 i almost avoide social media i spend a huge time to learn all about the crypto platform. And spend lots of time now on crypto. My friends seen me online but when they message me just ask why i didn't message them then i usually reply them maybe 1 or 2 hours latter or sometime a day latter. Because now i can't be able to made time for them. Truely because of this post i think i have seen me here.

when bitcoin reaches its highest ATH in 2021, people are migrating a lot to crypto and that's why crypto trading has become so popular and surpasses social media which is currently in high demand.

Crypto attracts everyone from individuals, small and large companies, institutions and some big investors.

currently crypto is the talk of all over the world.

Yes, that's another reason why it has gotten the attention through social media. A lot of people became engaged to cryptocurrencies because of those influencers and simple people that have found their way to earn and trade online with it.

But there's more to it because only the good and success stories have been shared and once a newbie starts trading, he/she will find the best and the worst experience upon learning it.

Expected that those success stories would be commonly be seen not to those common failures that you can really commit from time to time specially if you are just starting up with this career.
Any forms of advertisement about crypto can always be considered to be good because this do really add up when it comes to awareness and mass adoption.
In the topic about overtaking those famous social media apps then i dont believe that those counts is on the whole numbers but rather up basing on
weekly or monthly basis which it shouldnt really be enough to proclaim about such on whose popular.

Let's forget the ranking ...you perceive it like that (!?)... I think the reality is another.

Sometime I hope people adopt the Blockchain system as they do with social networks but it is inexplicable that they prefer to lose hours and hours wanting to laugh or entertain "free" to the world when with the simple use of any app or wallet we could be taking steps for very large adoption by ordinary people.

Let's say that certain portals do not analyze the data or do not want to do it, Someone added the real numbers.

I guess it is much better that trading become more popular today than social media because it is much worth it to pay attention and to spend time with, it is a lifetime learning and it is a lifetime skills that everyone can be used to their life than spending whole day scrolling and roaming around everyone's life. Also the mere fact that the crisis we have faced today was really stressed us out, giving other people anxiety and mental disorder so learning trading somehow not that really easy to do but it could really help.

With the use of social media, things and activities like trading can spread across all over the world and those people who are unaware of it can be finally aware and find a career and living on it.

Although not all will be confident as what we're saying but at least there will be those lives that will change their lives forever. Just like in some continents and countries today, trading has helped them with their daily living.

I think social media is popular as of trading crypto, bounty projects use social media to advertise and get popularity from people . As of trading also different trading sites promote their platform in order for them to gather trade/players . We all know that rrading altcoin is popular now.

Not very surprise to see that Trading becomes quite popular these days. With the increase of technology and the melioration of internet connection, people are free to connect to any term of trading as long as they know how to download it. In my country, the situation is even more ridiculous. People put their money in scam website and then regret why they join trading (but this is not trading, it is 100% scam) while people invest in right website, suffer a huge loss.

Actually, it is human desire to make money as easy as they can in order to be rich in a short time. But what they are in lack of, is obviously the knowledge. They think that trading is easy and by sitting at home and watching TV, they can still earn money. Those recognitions are 100% erroneous. Everything requires hard-work and efforts, sometimes you also need to be luck with your occupation. So even though there is a rise in the number of download, I still feel that not many people are capable of being a verifiable trader

I doubt it though. Using Apple Store only as a basis won't give us yet a good conclusion, well some could be concluded like Apple users are all leaning now into crypto, however when I looked into my Google Play Store. Crypto-related apps are nowhere to be found in the Top Charts yet.
Even my favorite online wallet isn't popping up yet.
Assuming OP's holding to this conclusion, I would suggest not to fully conclude to that just yet.

maybe this is not properly categorize but if you will browse the social media category the top used apps are tiktok , fb , youtube and i.g  .
 trading is not for all but everyone uses a social media because it is easy and free  .
trading apps is located in the finance category in my app store and i can see that there are big interest in digital wallets , crypto and non crypto .
social media helps for people to check them out

- An economic perspective will make trading a worthy choice, but the ability of all members of society to absorb this problem is relatively low due to advertising around the society only focuses on crypto, not thoroughly exploiting the trading field, this concept has too little appeal making it not be of too much interest. The media stands out for being entertained after a stressful day at work and study, most of us prefer to spend our time having fun than studying, very few people have the ambition to make money and look to trading on social networks

This is not a competition so it is not important for us to know who is more popular and whos not. And this is not the basis to say which one is more profitable or which not. And besides, social media has started a long time ago and we gonna expect that more people know this than crypto trading.
And I think, almost all of us doing social media but only a few people got the interest to do trading. So, it doesn't matter who is popular and who's not, because it was a choice.

Even if it is obvious that trading is nowhere near as popular as social media this tell us that trading cryptocurrencies is getting more and more popular by the day and it is not difficult to know why, the economic situation in many countries is still dire and many people are trying to find ways to survive and they are seeing in trading a glimmer of hope, unfortunately as we know most of those people will lose their money making their situation even more difficult than what it was before they began trading.

Orkut was created before facebook but now facebook is a leading social media platform whereas orkut got shut down some years back itself. I mean years of existence is not a major thing here. All the above, comparing social media against crypto trading is not the topic here.

Honestly I am not into any of social media and if you consider telegram is also a social media then I have to say I am not active in any social media even I have registered with few of them.

Hmm, I furthermore assume so. Currently, most of the social media apps are installed on mobile phones. If you prefer to measure the download, then the number of trading apps will be better, because they are not pre-installed. Nevertheless, it cannot be announced that trading is popular on social media.