Does Social Media Influence bitcoin growth?

[jpurusa]

Probably all people in general agree that Cryptocurrency like Bitcoin is now known well in the wolrd because of Social Media. With social media people can receive and read any kind of information regarding bitcoin via internet , it can be by faceboook, instagram, tweeter, and other media.
All aspects and thinks concerning bitcoin can be found in internet. Its future prospect, Risk, Financial benefits , legal aspect, its price fluctuation can be read people everyday.This condition indicates that bitcoin growth is strongly influenced by social media. People will tend to buy or invest in bitcoin and of course can affect its future growth.

[YzzyGo]

It's quite sad but yes, a big YES. People rely on the news to know what's happening with the world but the thing is, most only absorb it in face value and believe completely. This is how FUD reaches out to the masses and makes them sell their bitcoins. Only a few people do their due diligence and do some more research or does not take words out of context.

[genology]

Since online is where Bitcoin originated or was made, then I think social media is one of its major influencers. Once you post in social media about btc, one can easily reach to its target market or potential users of Bitcoin.

[asu]

We all know the power of social media. It is very influential many netizen right now have no time to watch to television. They are tired going home to there work . So they are right know browsing to the internet. Many people is relaying on social media and it really affects on our daily routine . Netizens are always believing in social media,  we dont even know if its fake or a true news. We cant understimate the power of social media.

[KrisAlex18]

Does Social Media Influence bitcoin growth?

I think it greatly contributes with the influential growth of bitcoin knowing that everything that is being posted or advertised in the social media makes up a great effect on the behavior and perspective of the people. As bitcoin gets advertised on social media, the chances that people will patronize it will improve more as it keeps on gettng more popular.

[abded1]

of course yes ; social media constitute the community with forums and ...

[SecretRandom]

Yes because of facebook so we know bitcoin, facebook is great help to learn bitcoin and ico, because sometimes ico is also being posted on facebook so I sometimes see good campaigns. Because facebook and bitcoin are online so they both connect because they are both online.

[Owl129]

Yes social media influence in the growth of bitcoin. We all know a huge population of people around the world are using social media sites like facebook twitter instagram and other social media there are news article and stories about bitcoin and other cryptocurrency where people invest in and become rich. People who are reached by this news and articles will surely be curious of bitcoin and then surely start searching on it and be interested and then they will now enter bitcoin because we all know how much benefit and income we can get here in bitcoin.

[Wipangga]

Of course, social media also spread the word and share information faster so that bitcoin growth will be more easily developed, such as on twitter, facebook, and others, so that the community is easy to understand, if we start using this media to promote bitcoin Very helpful to many people, this is good for those who still do not understand much Money  crypto .

[jamesscorpin88]

Yes, social media has a strong power to influence peoples to communicate and advertising new idea and things. Using the Social Media platforms, Bitcoin can grow  in interest of common people of a country and can win the world economy.
 

[sisule]

social media is currently useful for any thing, nowadays social media is very effective to influence bitcoin growth and find investors or attract people into new traders. social media has a wider reach because now everyone has social media, so this can be used as a media campaign and grow cryptocurrency including bitcoin.

[Crislyn4116]

For now social media is the best way to promote a specific campaign there are many people in the world using a smart phone and other technology to communicate their relatives to other country. Because we are millenial there are some people do not use a mobile. Social media can help bitcoin to spread fast to other people who do not have any idea about bitcoin and it can help people get their dreams and have a hope to earn money.

[jayco25]

Precisely social media is the best way to promote not only bitcoin but also ICO. If you notice a lot of ICO pay for the advertisement on facebook. Bounties like twitter, instagram and facebook  telegram which is very big factor of the growth of the the COIN.


#Datarius

[peterpeterpeter]

Well for me is there is big impact of social media for the growth of our industry.
Nowadays majority of people are using social media like facebook, twiiter etc.
If someone user promote the industry of bitcoin there is a posible that all of his/her friends in social media were read that article or news.

[Florc41]

Does Social Media Influence bitcoin growth?


[/quote

Yes, social media influenced bitcoin growth because it is through the social media that the nspeedy spreading and sharing of information happened. The acceleration of bitcoin is indeed influenced by online activity and social factors especially in the social media. It is said in a study, "the more social activity the higher the value of bitcoin rises."
https://www.jasminesandler.com/digital-money/

[htmcoin]

Well for me is there is big impact of social media for the growth of our industry.
Nowadays majority of people are using social media like facebook, twiiter etc.
If someone user promote the industry of bitcoin there is a posible that all of his/her friends in social media were read that article or news.

Right, social media such as Facebook and Twiiter have so many users that if you can promote cryptocurrencies on these platforms, you will increase the visibility of cryptocurrencies, such as bitcoin, but now Facebook has banned the advertising of cryptocurrencies.

[Biomech]

Does Social Media Influence bitcoin growth?

Does the sun rise in the East?

[ronsaldo]

for me yes because one of the reason why the bitcoin growth because of social media in a social media we can advertise the bitcoin using it and the people we know that what is the bitcoin so their have a social media                                                      to help to growth the bitcoin in the world

[z38630610]

Does Social Media Influence bitcoin growth?

Of course social media influences bitcoin price. If you think about 5 years ago, how many people were interested in bitcoin? And nowadays many many people on social media are talking about bitcoin. This situation also affected price of bitcoin . It increased as well thanks to social media.

[imfeelingblue]

Watching today's modern folk getting news from nowhere but social media, I can definitely say that social media like Fb and Twitter are the major players in influencing bitcoins price.