Does Social Media Influence bitcoin growth?

[gentlemand]

Absolutely. Social media is now the most powerful force influencing thought in every aspect of life. Crypto isn't any different. You can see insane pumps and epic dumps based purely off one tweet that might either be completely fictional or seriously misinterpreted.

It's not a good situation for the well being of the entire human race.

[hilda483]

Does Social Media Influence bitcoin growth?

You bet! Social Media overall changed the way we see people, the way we interact as individuals and as institutions. It's a very important news source. I think social media has a very high impact on it.

[BitcoinFrik]

Social Media has always been a very good source of news. So, aside from the settled media sources, Social Media has a big impact on the overall popularity of Crypto.

[copoyes]

well social media is also a big influence on bitcoin because social media can be made in the event of promotion or news news update
and other news as a place of wide information, because every day people must open social media

[avilsd]

Of course, advertising & marketing are incredibly important towards any product or service in need of it. Bitcoin's meteroic rise definitely was helped early on with hundreds of millions of dollars worth of purchases on the darknet, then media outlets and social media platforms reported on that, and boom. here we are today

[Tatalk]

From my side, there is a very big yess. Yes of course the social media is playing a very crucial and significant role in the growth of BTC, recently we all have seen trolls and memes on the social networking sites and the forest fire 🔥 news about BTC in the news channels and other modes of advertising materials. All these things prove to be the real helping hand for the BTC and yes definitely help in the growth of BTC because by these social media, more and more people are come to know about cryptocurrency and are showing their keen interests.

[humanvelocity]

For sure if they were not people talking about Bitcoin in Youtube , News etc... Most of us here would have never heard about Bitcoin. The other similar thing that's going on right now is people are talking more about ALT coins in Youtube channels which is helpful in lot of ways.

[Amanda Krause]

Absolutely! Social media is a great tool for sharing information. More and more people are getting acquainted with Bitcoin via social networking. Bitcoin is advertised. As a result, people invest in it. 

[goldade]

Does Social Media Influence bitcoin growth?


Yes, social media does influence the growth of bitcoin. Social media are platforms on which information is being spread.  You can get to ,read so many articles about a particular topic.  If more people get to know of bitcoin through social media,  it means there is high chance of having more bitcoiners in the market.

[Kumbopulus]

Yea it does, and largely. Crypto is in a stage where news and hype drive the prices more than fundamentals or updates... but thatll change eventually

[aljun107]

Yes it can because in marketing,using social media is one of the most effective way of advertising or promoting a product.Nowadays,I can really see some ads about bitcoin and I think others too and it also persuades them to use bitcoin.

[Emerge]

I think social media has is part for bitcoin influence. A lot of people read the updates from it.

[Psi]

Without a doubt.......look at sites like instagram or facebook where just one post to your friends can reach millions of people,re-tweets, shares can take that even higher. Curiosity will make some look it up and buy into it while others might not, but they hear about it.

[Celebrity]

From my side, there is a very big yess. Yes of course the social media is playing a very crucial and significant role in the growth of BTC, recently we all have seen trolls and memes on the social networking sites and the forest fire 🔥 news about BTC in the news channels and other modes of advertising materials. All these things prove to be the real helping hand for the BTC and yes definitely help in the growth of BTC because by these social media, more and more people are come to know about cryptocurrency and are showing their keen interests.

There are traders tweeting about bitcoin and other crypto actions. This is helping bitcoin to reach more and more people worldwide in a global scale of course. The influence is huge by the media and visual media.

[johnrickdalaygon]

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. The social media can also influence the bitcoin price significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. If bitcoin will promote in a good ways there is a possibility to help the price of the bitcoin increase, while if it is broadcast with negative comments it will affect the price and cause of exhaustion.

[CryptoProcent]

Yes, it influences the growth of bitcoin. Information is easier accessed by many people who become interested and part of the crypto world.

[tanjiran]

I think social media has is part for bitcoin influence. A lot of people read the updates from it.

of course. Thus there is a bounty of social media. It is one of the very effective promotional media. Moreover, almost everyone has social media, old-young, male and female.

[GalahadSeika]

But of course social media plays a major role in advertising and introducing  bitcoin. I for one discovered bitcoin through facebook I saw a shared post then read about bitcoin then discovered this site and then here we are earning all I can muster. Also social media is used as part of campaigns like facebook, twitter, telegram, instagram etc.

[Johnzky]

Does Social Media Influence bitcoin growth?

it depends on whos spreading the news thru social media,if the person whos involve is reliable and with good reputation then those people that reached by the news would have interest in bitcoin and may invest thats the way bitcoin will grow for better future

[KrisAlex18]

Does Social Media Influence bitcoin growth?

I think it does help somehow considering the fact that social media is one of the most influential sites in the internet. There are some social media campaign in some bounties and I think that is one way of promoting cryptocurrency to the world. In my experience, I even started doing bitcoin because of what I saw on a social media site. No wonder some people here are also a product of that experience.