Does Social Media Influence bitcoin growth?

[rhayot]

Social media has a big influence to the growth of bitcoin community. Social media is the new platform and tools to promote a certain things or discussion, it has a wide range community that build ups the information about a certain issue or topic. With the use of social media to introduce the bitcoin, it is really a good impact to enhance more the volume of the users of bitcoin and its value.

[shadowdio]

yes of course, social medias are very big help, influential that's why bitcoin increasing the price, but so sad scammers join the ride of bitcoin and they flooded in social media to advertise their bitcoin HYIP.

[Bitcoin_Delivery]

Clearly influential and contribute greatly to the increase in bitcoin populations. because now social media is a means for everyone to communicate. get news or get a job. bitcoin is often talked about in advertising or social media

[Skroojee]

Of course yes. The more people learn about Bitcoin and start using it the more Bitcoin course.

[Shady]

Social Media will likely boost popularity much more than expected because of journalism and start-up feedback. Don't ever worry about error on numbers because of how much it can become.

Bitcoin has a bright future so expect something better than what's seen today for tomorrow and the years to come.

[Opekin]

Clearly influential and contribute greatly to the increase in bitcoin populations. because now social media is a means for everyone to communicate. get news or get a job. bitcoin is often talked about in advertising or social media

Truly, social media brought bitcoin into popularity. Honestly, bitcoin wouldn’t be in its state right now without the internet. And internet has been used  also to communicate with other people in long distance. Through the social media, even the farthest place on earth have can be seen. Everything posted in it can be viral and that exactly what had happened to bitcoin. Because of curiousness, people started reading about bitcoin and demand became higher.  

[xiaozhang11]

I think, the role of the media is very big, if they touted the benefits of the currency, so many people are likely to accept the currency, if the currency is not recognized by many media, so the currency will not get people to accept

[Scavagers]

Does Social Media Influence bitcoin growth?

in my own opinion,I think that it has effect on the price of bitcoin, not just the social media but the media itself. In social media,it helps in spreading the awareness to bitcoin and it can spread news just like media. It increases the number of potential investors which affects its price. I have read about the effect of media on cryptocurrency some months ago, if I recall correctly the negative news about cryptocurrency affects its price negatively and the other way if the news is positive. Think about it, at first its price is very low but when more and more people learned about it, its price continuously grows

[TeraBitHoven]

I think social media has a great impact on bitcoin. Forums are one of these. The more people are involve in online market the more bitcoin increases its demand. Social networkers and online communities influence one another.

[Umar001]

Yes, social media has a great impact on bitcoin, infant no social media no bitcoin, because social media promote and awareness about the bitcoin, I personal get to know about bitcoin through social media,

[k_kuchkarov]

Does Social Media Influence bitcoin growth?

There are two factors.

(1) Supply - supply is controlled because we know how much new bitcoin is being created each day. We don't know how much is being lost in wallets with forgotten keys, but the latter doesn't happen nearly as frequently.

(2) Demand - demand is uncontrolled and hard to predict. It is influenced by news, developments in the use of bitcoin, competition from other cryptocurrencies, the past gains or losses in bitcoin price trend, emotional buying behavior, and the list goes on.

It's the play between supply and demand that influences the price of bitcoin.

[Nowherman]

Of course, social networks have a huge impact on the bitcoin and other crypto-currencies growth. Due to the virus effect,
information about easy earnings on bitcoin resale is quickly distributed among users.

[lifetimebitcoins]

Social Media Twitter Facebook Reddit Medium contribute a lot to bitcoin and cryptocurrency mainly twitter create all FUD news in market market react to most of the tweets done my bitcoin celebrities

[merrillolive]

Does Social Media Influence bitcoin growth?

I think all that is related to technology is dependent on social media and influences its growth and development.
Social media facebook, intagram, twitter.... affect the bitcoin very powerful.
This makes bitcoin more popular and growing

[t4zm4ni4z]

Of course not as much as banks, nowadays large e-commerce and online services go through social media to bring new people who like the idea of crypto and decide to invest as much as possible. 

[Joshapat]

I think social media has a great impact on bitcoin. Forums are one of these. The more people are involve in online market the more bitcoin increases its demand. Social networkers and online communities influence one another.

Exactly, if social media can make the country threatened with support to a particular group then the presence of bitcoin and social media support make bitcoin growth faster and faster than expected.

[Happydd]

Does Social Media Influence bitcoin growth?

yes because of social media the bitcoin is growth. social media is the one of most reason why bitcoin is discover of some country in this world its because some people got advertise it into the social medias like facebook,twitter and all the sites that they advertise bitcoin!

Have! Social media has a huge impact on bitcoin! Everyone in the world can exchange and trade bitcoins through the internet. Without the media, we will not be able to keep up with the sudden changes in bitcoin. Their influence is great to BTC.

[Razo123]

Yes it influence bitcoin growth because it is the main medium to spread the bitcoin. Almost all of thecampaigns uses social media like twitter and facebook to spread their companies.

[wack slacker]

I'm sure there are. Last time information related to the Korean government banned bitcoin trade and the microsoft suspension of the bitcoin payment has made the price of bitcoin plummet. Information communication has made the BTC prices pushed higher and lower.

[uDwcHYO]

of course, they play a big role in the growth of this asset, like any other products marketing