How twitter affects the price of Bitcoin

[Jaime Badiola]

Hello guys!

I am a researcher studying how messages in twitter affects the price, for my thesis. I am currently creating a library grading unique expresions and words that are used in cripto and trading environments.

I am looking for people that have trading experience and want to help me grade these words. It is only about 40 words and it wont take much of your time. In exhange for the great help I am offering the study once it is finished.

If someone is interested, contact me at jaime.badiolaramos@gmail.com

[hugeblack]

I've read some research on the relationship between price and searches in Google or Twitter Tweets.
I see that the news is that controls the feelings and therefore prices, and does not matter the source of those news, whether in Google or Facebook.
You can read this article here[1].
As for searching using certain words, I do not think it will produce correct results.

[1] https://cryptoinsider.21mil.com/impact-social-media-price-bitcoin-driven-silent-majority-study-finds/

[virendarnagpal]

Twitter is just a part of media like print / electronic or social media including Facebook; linkedin ; You Tube etc.  And each type of report on any type of media has effect on the price of bitcoin.  When there are positive news the price goes up and in case they spread negative news then the price falls.

[LeGaulois]

Twitter is just a part of media like print / electronic or social media including Facebook; linkedin ; You Tube etc.  And each type of report on any type of media has effect on the price of bitcoin.  When there are positive news the price goes up and in case they spread negative news then the price falls.

Lulz, if it was so easy then we could make 4000 bots on twitter posting 10 positive tweets daily. Then wait to the moon coming to me.
Be real it doesn't work like this. Also, Bitcoin is too big for Twitter, you can post 10k negative tweets on Twitter the price won't decrease.

Twitter can have a relation with a smaller coin but surely not regarding Bitcoin

[hh4mmm]

Twitter is just a part of media like print / electronic or social media including Facebook; linkedin ; You Tube etc.  And each type of report on any type of media has effect on the price of bitcoin.  When there are positive news the price goes up and in case they spread negative news then the price falls.

that was why i said that somethings bad news is a disease, you loose a hug amount of money by talking any bad news into your heart, so the best things is that whatever you doing don't determine the news all over.

[dothebeats]

Hello guys!

I am a researcher studying how messages in twitter affects the price, for my thesis. I am currently creating a library grading unique expresions and words that are used in cripto and trading environments.

I am looking for people that have trading experience and want to help me grade these words. It is only about 40 words and it wont take much of your time. In exhange for the great help I am offering the study once it is finished.

This is not 2010-2011 for social media to have great influence on bitcoin's price movements wherein by that time, only a handful of people are actually involved in bitcoin. It does affect it but not in a very large scale. Tweets on famous twitter handles--be it politicians, 'influencers,' companies etc.--somewhat make traders decide depending on what these handles' comments regarding bitcoin are. Pump and dump groups on twitter also exists, though they don't really affect bitcoin but other cryptocurrencies. What really is affected by these tweets is not the price per se but rather the traders' sentiments regarding any sentiment expressed via a tweet on twitter, IMO.

[CryptoDamon]

Sad to say but social media really affects bitcoin's value. Most of the newcomers to cryptospace doesn't have enough knowledge about the technology and are very dependent on the decisions of other people who has more knowledge about crypto.

A single tweet of a very influencial, knowledgeable bitcoin investor would really create huge impact on bitcoin's price. Human as we are, we usually follow other people's decision who we respected, idolized and believed to be more knowledgeable about crypto than us.

People who are less likely to be influenced by social media are those people who do their homework and has more knowledge about bitcoin.

[tweetbit]

Trends and marketing do make price increases or decreases within a single tweet. Social media platforms like Twitter and etc are doing what mainstream media is doing much effective a 1000's x more.

This is not 2010-2011 for social media to have great influence on bitcoin's price movements wherein by that time.

You have a point, but I won't agree with it. A simple tweet from a very influential personality  will change everything.

[Olayinka225]

I can only say that not only twitter but all other social media platforms in the world. Just immediately any fake or fearful news is been  circulated on any of this social media definitely people are goinf to panic sell all there crypto coins and this have a very bad omen on bitcoin most especially alcoins they're the ones suffering from this the most.

[chikading2016]

Trends and marketing do make price increases or decreases within a single tweet. Social media platforms like Twitter and etc are doing what mainstream media is doing much effective a 1000's x more.

This is not 2010-2011 for social media to have great influence on bitcoin's price movements wherein by that time.

You have a point, but I won't agree with it. A simple tweet from a very influential personality  will change everything.

Yes I agree on that Twitter is also the most usable  thing to spread information and if there will be a news regarding something on crypto from a very influential person maybe the price will be really become affected it will really depend on the news. I think not only in Twitter but also in Facebook or maybe social media etc. We are now in the modern world and we are now using internet and the new can really spread in an hour with just one click away.

[contact12345]

Your research topic is good but it would have been better if you could focus on the overall impact of social media on BTC or a number of different social media platforms instead of just one.
Anyways best of luck for your research! 

[Moblie_Legend]

Twitter Inc. said it would ban crypto currency advertising, selling tokens. Twitter joined Facebook Inc. and Google's parent, Alphabet Inc. to ban the sale of crypto currencies.

[coinwizard_]

It depends on which channels they follow and what coins they are shilling. News channels can be one sided, especially in the battle between bitcoin and bitcoincash. It can have big impact though, just check mcafee tweets and verge prices

[Cryptomania843]

The media always have a positive or negative effect on cryptocurrencies. Twitter like any other information can have an influence on the market. What is unfortunate is that even if the information is false the influence is there.

[1NV3ST0NM3]

Well, yes of course, all sorts of social media have an impact on the crypto currency market and twitter has been playing a major role in advertising for ICOs and crypto community has so much in contact with this social media platform. So if a small media FUD has the power of effecting the market, then social media platforms are far more impactful and prove to be quite strong in effecting market prices.

[VaryTime]

I will say not only twitter but also others big social media also can affect to the price of bitcoin.

[LeGaulois]

Twitter Inc. said it would ban crypto currency advertising, selling tokens. Twitter joined Facebook Inc. and Google's parent, Alphabet Inc. to ban the sale of crypto currencies.

Outdated and not accurate. Google doesn't ban advertising related to cryptocurrency anymore, Facebook doesn't really do too (maybe about ICO but everything about "normal" crypto is fine (normal=everything crypto that isn't a crap)) Twitter didn't say It would ban, it already banned since several months now.

[bering]

Twitter will not have any effect for the price movement because in my view twitter is only a tool to carrying bad news or positive news and back again it all depend on the people who spread the particular news which make the price down or up so if the price starting to dropped we cannot blame social media because people who behind it already make the price difficult to up again

[gantez]

I can only say that not only twitter but all other social media platforms in the world. Just immediately any fake or fearful news is been  circulated on any of this social media definitely people are goinf to panic sell all there crypto coins and this have a very bad omen on bitcoin most especially alcoins they're the ones suffering from this the most.

It does not affect altcoin the most like you said, I think it only makes the fake altcoins to die a natural death because they can't build up again. It affects btc first in my view.

[bitcoindusts]

It has been observed that there lies a social effect from any twitter related trend that might cause either a hype or a panic, but never the price of bitcoin directly. With many people easy to jump to conclusions from a trending twitter post that hits millions of retweets, we at times forget to do further research and try to find out from official sources as to the actual market conditions or truthfulness of the trending news.