Does Social Media Influence bitcoin growth?

[Ponzi Shame]

Yes very influential in my opinion, because everyone in the world is using social media and from social media many people who become aware of Bitcoin.
The more people who know about bitcoin, the more new members of investors and new bitcoin users through social media botcoin increasingly penetrated throughout the world, so not in deny if social media contribute to the development of bitcoin.

[raminh]

As bitcoin and other cryptocurrecies are not supported by governments and we never see advertisements on TV, Social Medias are very effective. I think day by day many new people know bitcoin via social medias.
News and rumors on social medias can also affect the prices very much.

[welljo0108]

Does Social Media Influence bitcoin growth?

yes, mostly social media is the way why are so people going crazy about btc  and that is because of social media.by sharing to there friends and talking about how to earn btc so they can attract them to joined.

[dhianeji]

yes because social media influence bitcoin , the number of active users in Facebook and Twitter is huge. if they hear about bitcoin and see its price chart over the years they will be so hyped about it and a lot of them will invest raising the bitcoin value.

[mx667]

Yes very influential in my opinion, because everyone in the world is using social media and from social media many people who become aware of Bitcoin. The more people who know about bitcoin, the more new members of investors and new bitcoin users through social media botcoin increasingly penetrated throughout the world, so not in deny if social media contribute to the development of bitcoin. As bitcoin and other cryptocurrecies are not supported by governments and we never see advertisements on TV, Social Medias are very effective. I think day by day many new people know bitcoin via social medias. News and rumors on social medias can also affect the prices very much.

Of course social media is at war is important in the growth of Bitcoin. Many people discuss and ask in social media. Usually people will discuss in facebook group and ask there. They will ask the masters who have learned about the world of cryptocurrency for a long time. But there are also beginners who still stupid and lack of knowledge but want a quick profit. Many people promote to social media, even ICO also need to be promoted through social media. Bitcoin and cryptocurrency can be famous for social media. Because every time there is a potentially new cryptocurrency, I always know from social media.

[Cryptopulos]

I think that social media does influence bitcoin's growth a lot as it makes bitcoins know among people and also helps spreading knowledge about them as how they work and all that.
People would be get interested and will try to invest in them to gain profits from bitcoins which would contribute to growth of bitcoins. And social media gets to lots of people's homes and would cause to bitcoins growth.

[Scorpion]

Oh most definitely social media influences the growth of Bitcoin, it could not have been this big without Facebook, YouTube, and Twitter. Just look at that past year from the beginning of 2017 to the very end how much more of Bitcoin discussion you saw on those three social media platforms and how much the price of Bitcoin grew. It's also just the community growing and people readily adopting the blockchain.

[reymartH]

Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips. Negative news about government involvement and regulations as well as news on the use of bitcoins in illegal dealings such as drug transactions and money laundering tends to have the same impact on the bitcoin price.

[Targusluxe]

Yes, Social media has a major impact why there's a hype in bitcoin today. When there is a news about bitcoin whether it's good or bad when posted to social media it leads to a big flactuation of  price. So definitely social media influence in bitcoin is big factor.

[lucas.zimmer]

social media is indeed spreading news about bitcoin so more people are interested to invest their money in bitcoin, I think social media is indeed a spreader of information about bitcoin

that is true actually. if we analyze the last 5 years of bitcoin's progress, at least for the last 2 years social media had a lot of influence on bitcoin's price increase. because people who heard about cryptos came to invest.

[Man From The Future]

Yes, it does.
Million peoples in the world are using social media. Besides they can't stay away from it.
So,  social media does influence bitcoin growth because people get into it every single minute.
Social media is the best way to promote bitcoin,  and it's easy and fast one to be known by many people.

[Tiktik]

Does Social Media Influence bitcoin growth?

Verry big yes.Because this times social media becomes part of our every day life.we are in the modern world now.social media influence as verry much so bitcoin does.But it also has disadvantage too.as many are in favor of bitcoin,there are also busher of it.

[Ajinomoto40]

Does Social Media Influence bitcoin growth?

I think so, I have seen many advertisements in social media which is related to bitcoin and I think it affects it a lot on attracting more investors. As we all know, socia media is very influential nowadys knowing that almost everyone is using it today. Many people are already going crazy about bitcoin after seeing what it does to people in social media. We should expect more as social media keeps on advertising bitcoin.

[Spontebob]

Does Social Media Influence bitcoin growth?

Yes it does. Bitcoin and social media are quite closely related to influencing the users of internet today. Everyone is talking about the stuffs going on in social media right now and as it shows how bitcoin is going on,  many people will also keep on talking about it leading to more investors. Social media is part of our daily lives which will surely affect bitcoin's users.

[rememberme15]

Yes, it does. Many people will know about bitcoin. Facebook brought me here as bitcoin was rising to fame. But what I'm not sure about is that, how the number of bitcoin users affect the supply-demand trend which decides bitcoin price.

[Gen iUs]

Does Social Media Influence bitcoin growth?

Yes of course, we all know that every country now is using technology and social media right? And social media make people know whats happening in the world and gave information to all of us and in our surroundings even though not all news is true.
The bitcoin became popular and growth, by the help of social media and social media is very helpful for updating on us of or to all people.
Also there's many advertisements in social media which is related to bitcoin now.
(TV, face book, newspaper and etc. )

[barneystinson]

Does Social Media Influence bitcoin growth?

Yes, 9/10 people I know that learned about bitcoins if from social media. However this has a negative effect also as there are too much FUD in social media posts.

[budiarmed]

Does Social Media Influence bitcoin growth?

Yes, social media has an important influence on bitcoin growth. Social media is a gathering place for many people, it would be good to promote bitcoin.

[linshisui38]

I think social media will influence the growth of bitcoin, and social media will affect almost anything.

Social media has contributed a lot to the rise in the price of bitcoin, and more people have learned about bitcoin and invested in bitcoins.

[cryptokudi]

Yes, social media has a huge influence on the growth of bitcoin. We all know that the price increases together with the demand. Social media is the fastest, cheapest and largest way of connecting people. Most advertisers use social media since it is free. And it is the easiest way to gather potential site visitors.