Does Social Media Influence bitcoin growth?

[ledachutkova]

Social media always promote and develop popularity of smth. With bitcoin popularity is the same. Before active promotion in social media how much people just heared about bitcoin? Not so much, only people which was close to IT or close to this people. Now from every TV news we can hear about bitcoin..

[laravuemaster]

Does Social Media Influence bitcoin growth?

Yes of course, Most of the people are always investing in bitcoins because of the advertisement in different social medias that are being viewed by different people and because of that, The community is growing and it is affecting the prices in the market.

[mindfly09]

Yes, social media is a big rule that can influence bitcoin growth, especially today, because this is the way to spread bitcoin to the people around the world. Without the Social media we cant know if what happen to latest news about bitcoin. So i think its a big influence in bitcoin growth, because most people more focus on social media. Because with the influence of social media there are more people and investors encourage to invest in bitcoin.

[Goodday]

if I think it's playing because the social media we can find news about bitcoin and also we can promote bitcoin project to the broad society and it's my opinion to help the bitcoin price alone

[jeraldskie11]

Does Social Media Influence bitcoin growth?

Social Media is very important of bitcoin growth because bitcoin need a community so that they could help bitcoin more worthy. The community will support bitcoin by investing or buying bitcoin for proof and could affect its price into high price.

[procopiapao]

In order for a bitcoin to grow, its price will increase as its demand gets higher and social media plays a big role in advertising it to people. Since many are users of social media, many will be aware about what bitcoin is. Demand increases when many are using and embracing it.

[bitcoinorcash]

Does Social Media Influence bitcoin Growth? I believe Yes, Why? through social media bitcoins would be known all over the world of how bitcoin works and what benefits does it do to our society. There are still people who doesn't believe on bitcoins and always say that "this is a scam you don't earn income on it". but still many people are still interested of trying using bitcoins and everyday it would just expand and expand enormously, after all technology is the main reason why social media is so strong and can influence or manipulate people through technology.

[LorenoCoin]

totally, even I knew of the cryptocurrencies through a social network (instagram) are influential in the world of cryptocurrencies, for that reason they promote by social networks with frequency.

[chris molty]

Does Social Media Influence bitcoin growth?

Yes and that's why there are only young people, or "connect" people who really know crypto currency

[Master Third]

Pretty sure buddy. Social media is one of the great idea to use for making bitcoin be known cause most of bitcoin participants that uses social media has real friends that can be easily to convince how truth bitcoin is because of being known to each other which is good to convince easily how truth bitcoin is.

[skyland999]

yes it is affecting because of social media because people are now using a lot of social media for its life especially twitter

[Angletim]

Yes, people know about bitcoin through the media, and they decide what to do. If the media keeps saying nice things about bitcoin, the chances of it rising will be even higher.

[Konco126]

I think social media today greatly affects bitcoin growth. In the present day anything that wants to grow well as bitcoin certainly exist in social media. Because in the social media can disseminate information to people who use social media like Twitter, Facebook etc and this greatly affects the growth in bitcoin.

[magz]

Yes. Definitely. Aside from news updates in TV or radio, Social media have been very updated when it comes to news and everything. So it really have a great influence with people because almost all of us are using social media everyday.

[deathland113]

Influece now are using their reputation to make huge money too easy on this crypto market.
They should crash the market and buy in the dip that's so easy money for them.
I don't like this way

[MD Nur Hossain]

Definitely i believe social media is great role model for Bitcoin.Because there are many people continuously promote positively by facebook and twitter about Bitcoin.I think social media is very important for BTC.

[meer45]

The reason this is happening is that bitcoin is not centralized. With any other currency, you would just listen to the country that owns a certain currency, if you wanted some information about it. Since bitcoin is decentralized, and a lot of people are involved in it, the only way you can find out about bitcoin related news is social media, which definitely influences bitcoin's growth.

[Juggy777]

totally, even I knew of the cryptocurrencies through a social network (instagram) are influential in the world of cryptocurrencies, for that reason they promote by social networks with frequency.

Yes in today's world especially this few past months I have seen a huge rise in the number of ads on crypto currency and suddenly there are tons of groups that are talking about it. Coursera is now offering a subject in it. Apart from it, now it's all over on people status and instgram newsfeed. In a good way it's helping bitcoins grow.

[Matthewmorris4]

I think it's not always like that, but for a moment like this, social media, especially twitter really has an effect on the growth of bitcoin value
whereas for facebook I even think that there is too much news that "bitcoin is dangerous because its bubbling"

so different social media, give different effect of bitcoin price (positive / negative)

[wack slacker]

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.

This link: https://totalbitcoin.org/some-factors-that-influence-the-bitcoin-price/