Does Social Media Influence bitcoin growth?

[haster100]

Social media played a big role of endorsing bitcoin to some of the people. Almost everyone stays on social media for so many hours a day, in that way, it's impossible to miss an post or an article about bitcoin and cryptos which gives them curiosity about it. Advertisements on social media is one of the most effective way of promoting something.

[lopez01]

Yes, its the number 1 advertiser of bitcoin, some creates group about bitcoin and people start to see/learn about it and eventually become a user.

[jamids]

Social media has a big influence in bitcoin growth. Almost all people in the world has social media account who has internet connection because if you don't have one then it seems that you are left behind. One person has many friends and followers may it be hundreds or thousands and some even have millions of followers so the best way to spread information is through it. With just one share, you can reach so many people that's why if you share the information of bitcoin then many people would read it and it would be up to them to search more or disregard it.

While it is an advantage to have that opportunity to share to as many people as you can, there are scammers who will ride with the tide and use the name of bitcoin to scam people. With the surge of bitcoin price in the past few months, many people are enticed to invest on it and then those scammers offer services and interest that are too good to be true and when they are gone, bitcoin would be the one that will look bad.

[congresowoman]

Social media takes a special place for Bitcoin growth as it highlights the NEWS about bitcoin the majority percentage start knowing about it and many adopts bitcoin, it's influence will play a major positive role in bitcoin crypto currency.

In addition, social media plays a great role when it comes to information dessimination particularly news about cryptocurrency and also its trend. From what I am seeing right now, there are certain ads on social media, as well as bounty campaigns, which uses social media to promote their ICO. In this way, people from all parts of the world will be able to know about the project. The use of social media is a great platform for marketing. But it can also be a way to destroy an ICO's reputation through wrong informations.
There are also pages in facebook othat talks about the trend of bitcoin pricing, members of the group are up to date on what is happening in the world of bitcoin therefore they can plan well on their money.

[semarmesem195]

Yes and no. As is known, social media is almost owned by everyone. So by advertising bitcoin in social media, somebody will know bitcoin and they will look for it and may even ask the person who advertises the bitcoin. Finally, bitcoin becomes popular among social media users and even spreads by word of mouth. But some also use social media as an intermediary to overthrow bitcoin by spreading false news about bitcoin and innocent people easily affected by the news.

[reynilynedago]

Does Social Media Influence bitcoin growth?

Yes Social media has a big infuence why bitcoin is being popular in some countries. Why a lots of people now are rich because of trading and investing with the used of bitcoin. Some  people will be given a new job which could help tgeir financial needs.

[jbarcenas18]

Yes social media influence Bitcoin growth. It is one of the most cost-efficient digital marketing methods used to syndicate content and increase your business' visibility without paying high to campaign for the ads.

[Cathy1701]

Sure,but the social media can't totollay desicede the bitcoin delovpment.

[joeycoin]

Sure,but the social media can't totollay desicede the bitcoin delovpment.

[oiucoin]

Yes and no. As is known, social media is almost owned by everyone. So by advertising bitcoin in social media, somebody will know bitcoin and they will look for it and may even ask the person who advertises the bitcoin. Finally, bitcoin becomes popular among social media users and even spreads by word of mouth. But some also use social media as an intermediary to overthrow bitcoin by spreading false news about bitcoin and innocent people easily affected by the news.

Yes, I think so too. In fact, social media is an important medium of communication. Through the spread of social media, more people can know bitcoin and thus its market value.

[rxthree]

Yes i believe that social media influence and affects bitcoin growth because bitcoin is being advertise in social media's like facebook, twitter, and instagram that bitcoin is becoming more popular and more people gets interested to invest and use bitcoin. That makes bitcoin price increase.

[DonPakito]

Of course it does! Our world relies on internet nowadays. And internet powers social media. Through social medias, we have another way of communicating our thoughts and expressing our ideas about something.

Bitcoin is a digital currency which will be known through the use of internet and will be more popular when spread out through social medias. Word of mouth will also make bitcoin well known but not as effective as social media because of the fact that social media has the capability to disseminate important information around the world in just a snap of a finger.

With that said, it (social media) really influences the growth of bitcoin. Once many already know about bitcoin, there is a huge chance that they will be engaged to it which will then result to more bitcoin users and will then lead to a larger demand. With large demands require large supply. Bitcoin will be enabled to grow, not just in quantity but also in market value.

However, we must be aware of the false data that we see on any of the social media sites. We must learn to balance which is true and which is not.

[trickyriky]

Does Social Media Influence bitcoin growth?

More than anything else. People do believe socials and mass media information even if they guess it is not true.

[Nerobasta]

My answer to this question about the influence of social media to the growth of bitcoin will be, yes! Social media does and have a great influence and impact to the growth of bitcoins. First will be since a lot of people now uses different social media platforms it is now easier to communicate and show several trends which people easily picks up. An example is facebook which is no doubt one of the key factor who influenced the popularity of bitcoin. A lot of people depends on facebook to gather information which then the bitcoin community rook advantage of to introduce bitcoins to the people who then introduce it to their peers.

[bitfocus]

Social media influences almost everything, maybe that's why Facebook decided to put Crypto and ICO out of their pages. But yes, social media is influences bitcoin highly.

[greygroundz]

Does Social Media Influence bitcoin growth?

Yes for sure, Social Media Influence mostly in bitcoin growth because our community has a lots of platforms to use in social media and all people are connected to the internet, they can easily access the bitcoin and share information about Cryptocurrencies.

[SkustaClee]

Does Social Media Influence bitcoin growth?

Yes it is. It is true that the social media influences the growth of the bitcoin. Most of the investors are from social media platforms. Observe the ICO's nowadays, they targeted the people who using social media platform like facebook, twitter and many more.

[PERtua]

Social media influences almost everything, maybe that's why Facebook decided to put Crypto and ICO out of their pages. But yes, social media is influences bitcoin highly.

so the reports are true that facebook is already banning those ads that are related to cryptocurrencies? did you know when will this be implemented? cause i have still seen many ads on facebook that is about cryptocurrency.

[Jiddyyy]

Does Social Media Influence bitcoin growth?

Yes of course, we all know that social media has billions of users which may possible see whatever you insert and share in social sites for example facebook, twitter, and etc. It has a big contribution in growing this bitcoin world. Through advertising in this following sites may increase the number of investors and users.

[Souldream]

Yes i believe that social media influence and affects bitcoin growth because bitcoin is being advertise in social media's like facebook, twitter, and instagram that bitcoin is becoming more popular and more people gets interested to invest and use bitcoin. That makes bitcoin price increase.

Social media could be a big help to introduce to people about bitcoin, about this digital currency that it is existing now. And since people today are all involved in social media that's why this is the easiest way to introduce bitcoin. And like me who used to know bitcoin in social media, I bet that it's not only me whom known bitcoin in social media.