Does Social Media Influence bitcoin growth?

[ashfer]

The social media also plays a key role for the growth of bitcoins. As most of the people in the world came to know about bitcoins through social media networks .There are several online campaigns which plays a key role for the growth of bitcoins there will be social media campaigns conducted on twitter ,facebook ,Linkedin  and so on it goes.There are even several vlogs related to bitcoins which has played a vital role for the growth of bitcoins and hence it is proven that social media has played an important role for its growth.BTC would have never been this popular if it was not been supported by social media .

[1714791065]

1714791065

[bryle10]

Does Social Media Influence bitcoin growth?

For me,  Social media has a big impact on the stability of bitcoin and it depends on how good or bad the content of the article or post in social media.  If it is good,  then the growth of the bitcoin is for sure.

[jkinit2125]

Of course! The answer is absolutely yes! Bitcoin is a digital currency, cryptocurreny which is not known by some people. Even professionals our there, doctors, lawyers or even the government itself in general. Possibly those who undergo studying the science of internet or computer will know bitcoin such as IT experts and those who taught it in such universities, just for its background. But let us discover this, people tend to know bitcoin because of the human being's curiosity. If his/ her friends always post on facebook, twitter or instagram about bitcoin who owns with it and shares to everyone what he had gain, then people who sees it will be encouraged to know it. How? Why? What is that? That is how people know bitcoin. Also nowadays, there are advertisement in facebook who has a topic about bitcoin. Also I will add bitcoin is growing because of peer to peer informations.

[krishnapramod]

Obviously social media networks have a huge impact on Bitcoin/cryptocurrencies. In the early days the communication channels were limited to this forum, mailing lists, and IRCs, but now information, discussions, speculation regarding Bitcoin is readily available on several social media platforms and this has definitely boosted Bitcoin adoption. Based on digital word-of-mouth effect, these social media interactions have created a social feedback cycle which is fueling adoption. Studies have proved that there is a correlation between Bitcoin search engine trends and adoption, to the extent that social signals can be somewhat used as a trading strategy.

Apart from the memes, information, and discussions, Reddit has somewhat become a platform to resolve issues related to Bitcoin services (exchanges) and letting others know about the inefficiency of a service, a red flag, helps to avoid certain services. So basically not only positives in terms of adoption, information and speculation, social media can also be manipulated to spread negative news/FUD to have an adverse effect, all part of the package.

[sumangs]

Yes because it makes people aware about bitcoin and the price could catches their attention. Making them invest on bitcoin and helps its price to grow.

[Spontebob]

Does Social Media Influence bitcoin growth?

I think it somehow helps in influencing since social media is widely used nowadays. The sharing of thoughts and ideas became way easier since the rise of social media. It is a very good medium to spread bitcoin knowledge knowing that almost everyone in the world are in it. They usually use it for communication but it can also be used for informing.

[BingoDog]

Social media are not crucial for bitcoin growth but surely have some influence. They are one of the most powerful media today and people strongly take informations and suggestion they see and read there so it's also great way to promote the bitcoin. Social media helped to increase the number of bitcoin users and that is the positive impact but there is also a catch - huge space for manipulation so it's also important to be careful how social media are used not to get the wrong direction.

[gidaahmad]

Of course. We can see in this year, a lot of newcomers who enter the world of cryptocurrency. Because many outstanding Fanspage Bitcoin / Altcoins social media that always update the news and the advantages of investing into the world of crypto. Because Social media market is more legit and wide reach.

[Ajinomoto40]

Does Social Media Influence bitcoin growth?

Yes it does. Social media is very influential and almost all the trends in the world right now is from it. Anyone in the world can see it and can access it easily that's why if you are spreading bitcoin knowledge, social media is one of the best way to do it. Everyone in the world is active in social media that's why it is helpful on making bitcoin's influence grow more.

[btcbtq]

Yes, social media is where people get their news nowadays. Bitcoin gains exposure when it is a trending topic on social media.

[Nunoluck]

Does Social Media Influence bitcoin growth?

Yes of course, social media is spread any news. Bitcoin adoption will grow because of this factor too. Many bounty campaign that request their participant to advertise their project in social media, although I think that the best advetising is which shoot in the right target, I mean most of people in social media are don't know about bitcoin, so its not effective.

[bitcoinveda]

Twitter is main influencer for Bitcoin and CRYPTO market overall news speculations and FUD all created from twitter mostly

[Blondy12]

i think so. mostly of the population now a days are into social media and usually if theres new in the feeds everyone got curious and the tendency is to read what is new and become interested to join or to invest also in bitcoins.

[lukerisha]

definitely yes, a lot of people now use social media, as for myself also i have earned knowledge about bitcoin, so it helps a lot.

[Malamok101]

social media is indeed very common with them to promote crypto currency coin because there are also scattered coins in different worlds because I do not have social media just can not figure it out and it will not shine all over the world because social media also used in signatures campaign bounties to promote them and also earn you using social media.

[gamerfan]

I think social media websites can be able to influence Bitcoin price, at least a little bit. This is because on such websites there are lots of very influencial users followed by millions of people. So if they say it's good to invest in Bitcoin, it's likely their followers start to invest in Bitcoin as well.

[KEPLER99]

well i can say that it maybe the one reason why bitcoin has growth this much because social media influences us to see bitcoin like how bitcoin works or what can it do, i can see many people sharing the ideas of bitcoin to be the new currency on facebook, twitter, and instagram.

This is absolutely fine and authentic. Yes social media becomes now a best source of advertising. Even there was a time when paper industry was so popular and then electronica media came into being and now social media is the superb way of being viral.

Everyone on this planet is using social media, even in the far flung villages you will find any viral content. Bitcoins are also being spread through it.

[Larva14]

Does Social Media Influence bitcoin growth?

Of course, some people use social media to share information, social media is also a practical and fast way to spread the news, and it will affect bitcoin users, which impact on requests and offers.

Actually, it is the main reason why it is become more popular and some people always used social media to share new information and update. On the other hand, social media has a good effect in bitcoin industry and community because some investors are active in social media.

[9jaflick]

If you ask me I will say social media  speculation and hypes are the core  reason why we are experiencing  what we are seeing on bitcoin ecosystem today. News spread more faster on social media than every other medium.

[harizen]

Does Social Media Influence bitcoin growth?

It will start as awareness and familirization then eventually adoption then it will now be part of bitcoin growth.

Social media is a hype thing anywhere in the world especially in our country. Nowadays it's simple to do a viral post. I noticed too that some ICO projects buying ads pages at Facebook to advertised their project and not just rely on bounty campaigns. Mainstream media also have respective social media accounts so at some cases that they have some issue or news about bitcoin, it was being broadcasted in their news feeds. My social media friends also got hooked by the term bitcoin and keeps asking me what is that.

Social media is really a great tool in terms of advertising. No wonder it does influence bitcoin awareness.