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Author Topic: How twitter affects the price of Bitcoin  (Read 1025 times)
basty03
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December 19, 2018, 10:48:50 PM
 #121

Twitter is just a part of media like print / electronic or social media including Facebook; linkedin ; You Tube etc.  And each type of report on any type of media has effect on the price of bitcoin.  When there are positive news the price goes up and in case they spread negative news then the price falls.
I agree because Twitter or any social media is a way expressing their thoughts so when some bad news about crypto it will affect too to the market also when theres a good news of course theres impact too in crypto market. People now us depending on what others says in social media that's why sometimes market down immediately when they hear a bad news.
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December 19, 2018, 11:06:02 PM
 #122

I think between the various social media platforms out there, Twitter has more influence on price of Bitcoin. Because news spread cater in Twitter than it does in other platforms.

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December 19, 2018, 11:27:28 PM
 #123

Twitter or any social media is our passage to receive positive or negative news about Bitcoin,and if someone is spreading negative news it affects the price because it cause panic to the new investors to sell their Bitcoin or if there is positive news it also affects the price increase of Bitcoin.


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CryptoGosu
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December 19, 2018, 11:48:41 PM
 #124

I think that earlier Twitter had a greater influence on the price of cryptocurrency than now. Now trades react little to news.
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