Does Social Media Influence bitcoin growth?

[Pandu Gleen]

yes it is true, social media has a lot of influence on the growth of Bitcoin because in social media there are various kinds of social networking one of them is Facebook and Twitter, both social networking is very influencing the development or growth of Bitcoin in the community all over the world because of social networking that people get information about Bitcoin, why get information? because Facebook and Twitter are a means to disseminate the various campaigns that exist in the Bitcointalk forums, then from after being disseminated from social networking one person can spread until everyone knows, therefore Bitcoin is growing rapidly in various communities around the world. There are also other social networks that are telegram, blog, medium and others.

[bitorama]

of course, social media can influence everything

[romina0310]

It definitely does. Social media is one of the everyday activities of people these days. Through social media, facts about bitcoin could easily spread and be known by a lot of people.

[AjithBtc]

Social media has a big impact upon the growth of bitcoin as well upon the decline of its value. When it comes to growth large number of users come to know about bitcoin through social media and in the similar manner the scams and fraudulent activities getting promoted through social media creates a negative image for bitcoin.

[saffira]

Does Social Media Influence bitcoin growth?

Because of the bitcoin value, many site advertise bitcoin. Many are offering to invest in bitcoin and many are willing to invest. However, we should be very careful. Social media is very informative but many hackers and scammers use it.

[AntoCokbun]

Does Social Media Influence bitcoin growth?

of course very influential because social media is a medium to promote about bitcoin and introduce bitcoin in the crowd, surely many new investors are emerging and start to find out bitcoin after reading ads on social media.

[Prk_7]

Yes, social media does influence Bitcoin growth as more people invest in Bitcoin after seeing the success via social media  the more number of people try to buy and sell Bitcoin.

[vergel24official]

Yes it has it gives people an idea of what it is about and they are going to explore and learn how to use it. By this they will convince other by social media also. So it seems as a cycle.

[bavian]

I don't think Social media help Bitcoin growth, just because the demands on Bitcoin is increasing due to more and more sellers are accepting Bitcoin as payment.

[newgal2017]

Yes, it does. Social media is a great tool for digital marketing, it influences almost anything, it plays a vital role unto the growth of Bitcoin and other cryptocurrency. It is the instrument used to pass information person to person, nation to nation and to the different corners of the world.
Social media promotes Bitcoin to grow and to take place in anyone's interest and to attain more involvement of people in Bitcoin to obtain success.
Some example of these social media platforms are:
1. Twitter
2. Facebook
3. Youtube
4. Instagram

And social networks are :
1. Telegram
2. Blog

[Noilee]

Yes, social media influence bitcoin growth, because of popular and most used by the people today. Like for example in Facebook we see that most of people have account in Facebook so if they see that if bitcoin advertise in this site people must confused and get interest to invest in bitcoin. We know social media is the one that people trust in every they advertise most especially in bitcoin. So social media is a big influence and a way of bitcoin growth.

[sup95]

oh yes very much so.social media is the strongest method that distributes the knowledge and awareness about bit coin and therefore the demand was increased.In fact i also get to know about it coin due to social media.

[alphalifter304]

Yes it is a big influencer, I wish that we did not have social media that way it would be more of a secret, now everyone has coinbase and money in bitcoin just from small videos going viral and people wanting to make more money.

[snipetr]

Social media perform main role at the time when bitcoins value gained height, that time social media spreads that news to all. In fact that time many peoples introduced by bitcoin. Bitcoins value messages spreads through social media rapidly and thats takes attention of people's. Due to social media people realises demannd of bitcoin.

[aslamnur28]

Yes, social media does influence Bitcoin growth as more people invest in Bitcoin after seeing the success via social media  the more number of people try to buy and sell Bitcoin.

But there are tons of news on the social media saying that Bitcoin is a scam and suggest people to stay away from it? What about that ?

[Mobshady24]

yes, not only bitcoin but also alts as well and it is actually beneficial to alts since if there is a good news in a specific altcoin most of the time the pump happen at those times.

[mast3rm1nd]

Many of my friends know through media what bitcoin is and even how much it's worth. they keep track of the price and everything lol

[Tipsters]

A lot of people nowadays will not live without social media. People are gaining knowledge about Bitcoin through social media. Advertisements, news, and information about Bitcoin are widespread in social media. So, the answer to your question is yes, social media is one of the contributors to the growth of Bitcoin.

[Yur]

Bitcoin is electronic money, it grows thanks to the number of people using it. Communication causes many people to know bitcoin and use bitcoin. So communication is very important in the growth of bitcoin.

[helars2008]

Of course it does.
And i believe that social media is one of the biggest factor why bitcoin nowadays has become so popular.
People who are not engaged with bitcoin yet xan only become curious about bitcoin whenever theysaw it on social medias and will just research further on after this.