Does Social Media Influence bitcoin growth?

[Strongball]

Yes, on a massive scale if I may add. Social Media has became a habitual essential
platform for people, business and organizations. We are all familiar with it's global
reach and audiences. I believe without the aid of social media, Bitcoin wouldn't
be this popular and valuable. People are even stuck and addicted to social media,
it's a part of their lives. It is the ultimate advertising platform and medium of the modern age.

[yasirsidds89]

of course they are the one who spread rumors about crypto and bitcoin specially..

[bicoin110]

certainly social media have a main role on BTC markets. and when BTC been 1000$ the medias work on BTC news and this action cuase raising more

[illete]

In majority Government media and private media involved in nepotism and do not present  positive things front of nation but now a days social media is strong tool where freedom of expression you can support and explain well either in favor or against.Bitcoin influence by social media as well its popularity increased and people start to learn it.Social media support it continuously in this way soon will capture the popularity over the globe.

[blank6]

https://solume.io/ gives you the tools to research if and how social media influences coins.

[freshm4ker]

Some people have experienced the influence of having millions of followers. When some of them promote coins or ICOs, many of their followers will buy them and many of the followers who do not invest in crypto will start investing. So do not underestimate the influencers.

[emberbekas]

Of course social media gives a significant influence in the popularity of bitcoin. But that's not the only one. There are still some places that give a big influence, gambling place is one of them.

[Cedrick]

Social media is one of the key why bitcoin is now popular. I guess this would not be popular with the help of facebook,twitter and and other social media site. But we should be thankful because there's a lot of individual that want to invest here in bitcoin or in altcoin. Start investing in bitcoin it has a potential to earn higher than you earn today.   

[bitcoindian]

50 percent of the market is influenced by twitter tweets rest is bitcoin talk forum and reddit and facebook mostly social media is main influence

[matthewtherry]

Social Media does influence bitcoin growth because often people are getting influenced by social media. When they are negatively influenced they start to sell and this makes bitcoin price drop

[Melvin Narag]

Yes social media is the influential growth of bitcoin that’s why  bitcoin is now popular all over the world its the social media also the reason why a lot of individuals interested to join this investiment of bitcoin is created to be easily for everything like easy earning easy profits easy to save for the the future

[Gabb]

Does Social Media Influence bitcoin growth?

Maybe they can have some influence to the extent that they give false expectations to people that start to believe this "business" has the potential to make them rich overnight, which is generating as a result the large inflow of capital we have seen in recent days. However, I am not convinced that this massive inflow of capital really deserves to be called "growth", since the only thing that is sought is speculation and not the development of the technology involved in cryptocurrencies.

[thet]

Does Social Media Influence bitcoin growth?

Yes, it is,  social media truly influence the bitcoin growth. A higher demand flows maybe because of the spreading news in the internet about bitcoin 

[Allison567]

Social media is the carrier of communication. Generally, people's psychology is easily influenced by social media. Therefore, social media is actually a very important channel of communication and the key to influencing the market.

[Genosx]

Yes it is, social media is a big and powerful tool to disseminate information. You can advertise and promote the bitcoins on facebook, twitter, instragram and etc;
so you can increase the community who supports bitcoin which will contribute huge demands for a huge rise of price.

[Serious475]

Yes social media can influence Bitcoin. Almpst every people in the world has a social media account. Last december when Bitcoin reaches 20k dollars, it became a trending in the social media results to curiosity of many people. I also saw a dank meme about Bitcoin on the other day.  Therefore social media is an influence to Bitcoin.

[klim80]

I agree that social media has positive effect in bitcoin. It can help us to to spread the information and knowledge about bitcoin. So many people have already become active in social networks.  I think bitcoin will rapidly grow.

[mensha]

Yes. Social media influences bitcoin and all the other coins growth. In the introducing stage social media does a great job to popularize the coin, gain a reasonable price to the coin,  to communicate latest updates and to get the views and ideas of the community mainly through air drops and bounties by making posts and sharing news. At the same time social media can build up a positive image and reputation of a coin.

[Javed zaman]

Yes, social media influence bitcoin because it is the platform where more people get to know about it and help increase the knowledge about of the bitcoin.

[BitcoinPaw]

Social media just making hype around bitcoin price and people joining sometimes and sometimes not but everyone can feel influence of SM.