Does Social Media Influence bitcoin growth?

[R21]

I think absolutely yes, social media now a days a very good and viral advertisement platform, so many of cryptocurrency's authority use social media for viral their digital currency. bitcoin also use social media for viral it.

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[icol333]

The answer is completely yes.
But the question that still bothers me until now is not about "which" platforms that will affect the growth of the cryptocurrency, it's more like "what" causes the growth/fluctuation of the cryptocurrency.
I've done a little forex trading before, and for each country's news (e.g president election, natural disaster, etc.) can affect the cost of its currency. But I can't find the pattern on the cryptocurrency. Sometimes the price can soar up high and after a brief moment, the price's slammed to the ground
Maybe you guys have any ideas about this? That will be really interesting thing to discuss

[TTITA]

Does Social Media Influence bitcoin growth?

Very influential, so far social media has helped in bitcoin campaigns, both about bitcoin knowledge and development and improvement. As long as social media can be used for good and supporting things, it certainly will give a good impact for the spread of bitcoin information to all regions.
But i think blog and news crypto are most important things that indexed in search engine which we can get fast information about new updates info's.

[nankers]

Every one think social media does influencebitcoin growth and i am too.cause so many project use social media As a means of their campaign to introduce its products to the community and it is very effective for now ^^.

[kpcian]

Does Social Media Influence bitcoin growth?

Yes social media influence the growth of Bitcoin because some people uses social media often and also now all information is now base on social media . Social media also spreads news and information widely and rapidly so that Bitcoin will grow more because of social medias influence in people. So social media is a big factor for Bitcoins growth. But it doesnt mean that all information that we get in social is always positive or help Bitcoin reputation and growth.

Yes, Of Course.
Nowadays people are vastly connected to the social media like Facebook, Twitter, Instagram, Pinterest and so on. In those platforms, Information about cryptocurrency is available through a different type of Bounty Social Media Campaign. So people have gathered Info from this platform. and that's the way Bitcoin has been popular through this chain. I strongly believe that Social media has played a tremendous role for the exploration of Bitcoin.

[fulmetal08larz]

The social media influencing bitcoin's growth to mainstream is somewhat a double-edged sword because of most investors who don't know anything about trading are entering the market. The new generation of investors has a high probability of pumping and dumping therefore affecting the volatility. I hope that somehow they learn eventually about trading short term and better yet, for long term investment.

[Xanxus024]

Yes, Social media is one of the major factor that is why bitcoin continues to grow and people share the information about bitcoin or any other type of digital currencies they want to promote.Most of the signature campaign wants to spread the news in social media so they can attract investors and traders.

[DrYe5]

Does Social Media Influence bitcoin growth?

Of course, social media make Bitcoin more and more popular. I think that this is the most positive phenomenon and we should enjoy it and help Bitcoin develop even better.

[cfkvfyjd]

Media affects Bitcoin growth, because people often use social networks, Social networks also spread news and information, so bitcoin grows more because of media influence.

[Caesar-Giulius]

I am sure there will be great impact to Bitcoin growth. Social media has very huge user base and is a good way to reach these users.

[Heartilly]

Does Social Media Influence bitcoin growth?

Yes, social media does influence the growth of bitcoin. Since most people now in the world are fond of using social media sites, people can now easily share their knowledge about bitcoin. As we all know, the value of bitcoin is continuoulsy increasing, this popularity in bitcoin has been sensationalize more since the news about bitcoin's breakthrough is also being shared by a lot of people on their social media sites like Facebook and Twitter. This resulted into more people who instantly get curious about what bitcoin is and started to learn on how to invest into it.

[kohlicool54]

Yes . Leave social medias now all kind of media's including printed media's are bringing in great share of new people in.

We can even say that I brings an entirely new dimension into play.

[bitvalak]

Does Social Media Influence bitcoin growth?

of course, because so many people are starting to talk about bitcoin through social media and it affects new people who see it. This can be seen in the many content that discuss bitcoin in social media such as Youtube, Facebook, Twitter and others. This is a good thing that can make bitcoin growing and popular.

[Cryptalking]

Does Social Media Influence bitcoin growth? Well i do think so! Social media one hell of a way to spread the word through out the world and that of course will infuance people to buy Bitcoin and other cryptocurrencies for the good and the bad hehe you can actually see the effect of it clearly when they publish bad news on social media hehe

[Webberson]

No doubt that social media has a major impact/influence in the growth of bitcoin, through awareness created by individuals, most especially through twitter, Facebook, and telegram campaigns. It has actually helped publicize bitcoin, which as a result has made individuals aware about the cryptocurrency to the extent of investing in it, as a result, leading to the growth of the currency.

[Lykslyks]

Many of the users answered yes but my answer is maybe. It always depends on the user if they choose to browse pages in social media about bitcoin or not. Many people is into social media but only few are using it to educate other people about bitcoin or other digital currency.

[steadyrice]

Of course! I think most of the people have heard about Bitcoin via social media. Another information source is the news, but there are many people reading news using Facebook, Twitter etc. So we could say the only way of spreading information and introducing Bitcoin is social media.

[mmhaimhai]

Yes off course. Time now social media platforms are so powerful to the point that can buid up and destroy certain thing. And as we can see people are using social media to promote certain coins and we can see some effect in some coins.

[suvo05]

Obviously social media has a great influence beyond the growth of the bitcoin. The coin was firstly known to very few people around the world and social media like twitter, facebook helped it to become known globally. It cached the mainstream media attraction very lately (In my country there was no news about BTC a year ago). 

[Christian13]

Does Social Media Influence bitcoin growth?

Does social media influence bitcoin growth hmm i think yes because The 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. 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.