Does Social Media Influence bitcoin growth?

[rickyNmorty]

it does. it promotes the already infamous bitcoin more which greatly increases its value. and so with its fame comes an increase in its value. Social medias contributed so much on how bitcoin looks now and how it works.

[bitcoinerjawa]

Does Social Media Influence bitcoin growth?

yes social media is very influential for the rise in bitcoin prices, because they will spread through social media to attract new enthusiasts and surely new peinat will buy bitcoin in any way that, so that could trigger higher bitcoin price increase.

[creative-raju33]

In the era of communication social media keep a great influence for bitcoin growth and the important marketing and branding of bitcoin is mostly published by the social media as like as facebook, twitter etc.

[Geoll29]

Social media really has big influence in bitcoin growth. Imagine with just the Facebook who has a billion users, information about it can spread very rapidly. What more if we combine it with youtube, twitter, etc. It has a very huge potential to grow fast.

[joan26]

Does Social Media Influence bitcoin growth?

Yes 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. 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. Negative news about government involvement and regulations as well as news on the use of bitcoins in illegal dealings such as drug transactions and money laundering tends to have the same impact on the bitcoin price.

[rb26]

Does Social Media Influence bitcoin growth?

It definitely does. Once btc entered the world of social media, it's just a matter of time that people started buzzing about it that many became curious about it. Some started researching about and some just joined the bandwagon and entered the community blindly. Blinded by the words "money", "double your money", "profits" and "huge income." Although it is good that many people are reached and caused btc to skyrocket, there are some who took advantage of it negatively. They used btc to scam people (HYIPs, ponzi schemes, etc.) especially those who are new to cryptocurrencies and have no sense of doing their own due diligence. It's true that there are two kinds of people in this world, the ones who fools and the ones who can be fooled.

[sparveenat]

Apart from our bitcointalk forum lot of doubts about bitcoin is clarified through youtube, facebook in very clear so it is big yes that social media influence bitcoin growth in very fast phase. It is very health that the social media discussing about bitcoin and the advantages and how to handle it all details we get it in our fingertips which is the big advantage for bitcoin users.

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Does Social Media Influence bitcoin growth?

Yeah, social media influence bitcoin growth. It has a great impact for all people, it might be considered as a gateway for someine who are willing to earn and get some profit through simple materials needed like mobile phone or laptop, internet and manpower. By this combination you can now deal to and have access in bitcoin.  Some site must use Social media to get consumer in order for them to invest.

[gigatux]

Yes, I believe social media haste the growth of Bitcoin. Social media is part of our everyday life and I myself is a living proof. I got interested in Bitcoin because of social media. Facebook has groups and pages that tackle Bitcoin, You can watch videos regarding Bitcoin on Youtube, an Instagram and Twitter post regarding Bitcoin and so on and so forth.

[albertcrypto110]

Not only social media but also the whole online world makes influence bitcoin growth. Every online newspaper or blog gives at-least one post about bitcoin or cryptocurrency everyday. Some people get benefits as well by investing bitcoin. This is how bitcoin growths.

[Denies]

Does Social Media Influence bitcoin growth?

very big. social media news one of the causes of the magnitude and popularity of bitcoin. nowadays digital technology is more widely embraced all over the world.

[bitcoinposts]

Social Media rumors in social media is main reason for fake dumps mainly twitter play vital roles one tweet can pump 100btc over night for any coin

[MrRiuss]

Yes, it does. More frequently people in social media talking about bitcoin, more people who dont know what bitcoin is, will become curius about what bitcoin is

[niisarearning]

Yes social media is taking much part in bitcoin growth even person like me got influenced from social media regarding bitcoin and crypto currency even while introducing each new coin they required support of social media influencers.

[Danglen1010]

Absolutely YES ! because social media can advertise bitcoin and many people can see and know what is bitcoin, It is a big influence in the growth of bitcoin.

[coinsclone]

Yeah , Sure certainly, general & common peoples are using social media to share your business information to audience, social media is practically faster way to  passing the information the bitcoin users, investors.

[nastaverba]

Correct me if I'm wrong, but I think Bitcoin started to really appear everywhere in social media about a month ago. And what did we get? 20k dollars per btc. Social media are where all the hype comes from.

[Empiretoken]

Amidst the hype surrounding the cryptocurrency, it is difficult to recognize which factors participate in its growth and influence its value. Bitcoin's decentralised structure, based on the contribution of its users rather than a central authority, implies that the dynamics of its economy may be strongly driven by social factors, which are composed of interactions between the actors of the market

[saffira]

Social media today is what makes the world. Bitcoin became popular through social media. I also able to get information about bitcoin through facebook. Due to its familiarity, many are willing to invest and as the demand goes up, the value tends to increase. It became more valuable and many companies started blockchain business.

[saycryptohello]

Public opinion, news, intrigues affect the price of bitcoin, but not as much as the price can be influenced by "whales", which owns most of Bitcoins. Whales can really move the market - down or up.