Popularity of BITCOIN on Twitter Declining?

[Kyraishi]

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

Not sure if this is the problem, to be honest. During the bounty hunters period, sure there was a lot of projects that require hashtags, but it would rarely #BTC, since most of them would just want hashtags of their own projects and possibly other stuff related to it, nothing at all was related to BTC.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

That's true mate. BTC was extremely hyped, possibly even overhyped during that period and there's definitely going to be a lot of chatter about it on social media, not just on Twitter as well.

[coin-investor]

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

Bounty hunting is a dying industry in Cryptocurrency fewer and fewer people are participating in the bounty campaign, and there are only few ICO now compared to what we have in 2017 and 2018 the decline is pretty obvious
Bounty hunting contributed to the popularity of Bitcoin and Cryptocurrency in the past and the only way to get back the popularity is when the market is up again and heading to another all-time high, I like it more if Bitcoin's social media presence is because Bitcoin is reaching another milestone.

[CarnagexD]

Maybe the #bitcoin become popular in the year 2017 and we know in that year bitcoin reach its greatest price which is 20000$. Talking about the bounty, there are new bounty campaigns right now but not all are sure to achieve the hard cap or even the soft cap that's some bounty hunter get tired on joining. Lastly, there are still bounty hunters that active in participating bounty campaign and most of bounties have social media campaign which have facebook and twitter. Maybe the #bitcoin might become trend again once we new upcoming price on the market.

[Flor1982]

Not only in the Twitter but in the whole Bitcoin market itself as the continue bearish market performance shows that the interest of the people in Bitcoin is really diminishing as if it is not then the bullish is has been long started.

[Sithara007]

One reason for the decline in Twitter/Facebook popularity may be due to the drop in the number of bounty campaigns. A lot many of the ICOs took out social media bounty campaigns during 2017/2018 and this indirectly helped Bitcoin to grow its presence in the social media. However, after the destruction of the ICO market in 2018/19, the number of such campaigns came down sharply. Another reason may be due to the dampened interest in Bitcoin itself. Almost two years have passed since the ATH was attained and the prices are still around 60% lower when compared to those levels. The interest will pick up once the next bull run starts.

[Astvile]

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

This two is the reason why bitcoin's popularity increased in an instant and died in a moment as well. Bounty campaign is the one who is keeping bitcoin/cryptocurrency alive in the social media getting posted in any platform like facebook and the most common twitter. TA's from the big person also affects because they can no longer hype people to buy bitcoin because they were already gone in twitter because of price depletion.

[Wexnident]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

Passing the popularity of bitcoin as decreasing just based on the #Bitcoin statistics on twitter doesn't really prove all that much. Sure it is one part of its popularity but people don't necessarily add #Bitcoin on most of their posts when it's about their account status or whatnot. Most posts that have #Bitcoin would be posts that are more on about advertisement or more about the latest news and updates regarding Bitcoin. It can be considered as a part of its popularity, but we shouldn't base everything about it on twitter. Just like what you said, bounty campaigns might have required the addition of #Bitcoin on tweets, this just makes the graph of today look normal or it is generally the average amount of #Bitcoin that twitter gets.

[Lauren Smith]

I wonder how many more twitter accounts are being suspended because they very strict now and many bounty hunters accounts were banned. I wonder if it is better now that the bull run and all the hype bullshit is over.

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

Bounty hunting is a dying industry in Cryptocurrency fewer and fewer people are participating in the bounty campaign, and there are only few ICO now compared to what we have in 2017 and 2018 the decline is pretty obvious
Bounty hunting contributed to the popularity of Bitcoin and Cryptocurrency in the past and the only way to get back the popularity is when the market is up again and heading to another all-time high, I like it more if Bitcoin's social media presence is because Bitcoin is reaching another milestone.

I doubt it is a dying industry. People just need to learn where and how to invest their time. I think the crappy bounty hunters are mostly gone.

[xSkylarx]

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

People are more aware now on those people. Way back 2017 ICOs are in hype and bitcoin price as well. Some people predicted that it will increase more the next year but many didn't expect what happened in 2018. Bitcoin crashed to almost $3k and scam ICO projects have increased. Some already learned from their mistake and wiser before they invest.

[ardentvolcanoes]

One reason for the decline in Twitter/Facebook popularity may be due to the drop in the number of bounty campaigns. A lot many of the ICOs took out social media bounty campaigns during 2017/2018 and this indirectly helped Bitcoin to grow its presence in the social media. However, after the destruction of the ICO market in 2018/19, the number of such campaigns came down sharply. Another reason may be due to the dampened interest in Bitcoin itself. Almost two years have passed since the ATH was attained and the prices are still around 60% lower when compared to those levels. The interest will pick up once the next bull run starts.

Such points are factors that the popularity of crypto being less interesting around social media sites, also to include the scam developers who affects the interest of people who also wanted to try this industry. With many factors that influence the declining support out from social sites there's a big need for people who understand this industry, to bring something informative not only from social medias but also from actual sets of people around.

[lighpulsar07]

Well that's not surprising now after twitter banned all users accounts for advertising bitcoin and other cryptocurrencies and also the fact the price doesn't performed well after the bubble popped in the end of 2017 makes people stayed away in cryptocurrencies are the reasons why bitcoin isn't popular in twitter the problem is social media is very powerful since people nowadays are always at their phone and computers checking their news feeds, and bitcoin hype started like this and boom the price goes up but now, people are starting to leave with bitcoin.

[Jating]

Once the price of bitcoin starts to decline, the interest from the people who want to invest or get into bitcoin also decline. The price is the primary indicator for overall measurement for bitcoin but it doesn't mean that bitcoin will just continue to fall because bitcoin already gone through to this type of situation many times and it is just all about patience.

That's pretty much what's happening right now because the price did decline and we are in no longer in the five digits again. So many twitter crypto enthusiast doesn't like what they are seeing so maybe some of them are affected. And that's how it is, social media today, but just wait when the price started to bounce again.

Many are going to be twitter warriors again. Even releasing their own TA and tells everyone about their positive prediction, Lol. So I'm not bothered by all of this, I'm more concern of my trading strategy and adjust it, instead of looking at someone's tweet or any other social media for that matter.

[TrevorS]

As for the decline in popularity, this is not surprising, onlookers always lose interest when they realize that for them there will be nothing more interesting (profitable) at least in quick way.
It is interesting to look at similar statistics on Twitter without any bounty accounts. Despite the waves of bans, even now there are a lot of people on Twitter who take part in bounty companies.

[buwaytress]

Many are going to be twitter warriors again. Even releasing their own TA and tells everyone about their positive prediction, Lol. So I'm not bothered by all of this, I'm more concern of my trading strategy and adjust it, instead of looking at someone's tweet or any other social media for that matter.

See, the problem for guys like me is there already are too many twitter warriors, as it is. It still makes me wonder how on earth these CEOs and pundits got all the time in the world to take their petty fights to Twitter, and then when they're sat down in some conference to talk spontaneously you see them for the petty little puppets they all are. And they actually think they're taking the fight up for Bitcoin!

So please, by all means, decline even more. Maybe I'll be convinced to come on Twitter when the storms go away and we can stop seeing shit on our feeds.

[teosanru]

Once the price of bitcoin starts to decline, the interest from the people who want to invest or get into bitcoin also decline. The price is the primary indicator for overall measurement for bitcoin but it doesn't mean that bitcoin will just continue to fall because bitcoin already gone through to this type of situation many times and it is just all about patience.

That's pretty much what's happening right now because the price did decline and we are in no longer in the five digits again. So many twitter crypto enthusiast doesn't like what they are seeing so maybe some of them are affected. And that's how it is, social media today, but just wait when the price started to bounce again.

Many are going to be twitter warriors again. Even releasing their own TA and tells everyone about their positive prediction, Lol. So I'm not bothered by all of this, I'm more concern of my trading strategy and adjust it, instead of looking at someone's tweet or any other social media for that matter.

I am not clearly able to understand what you are trying to say Babylon because this post isn't about that phase or anything. Moreover coming to the point of jating I think the social media won't be much surprised this time if the price skyrockets because no Bounty hunters would be there to accelerate this chart even further. Accept it or not bounty hunters did use a lot of #bitcoin tags at that time. They used to retweet the tweets of the ICO pages who used the #bitcoin tags alot. Moreover this has nothing to do with TA. Good TA experts still share their expertise. It was about those enthusiasts who just posted the bullishness on chart.

[DabsPoorVersion]

1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

Not sure if this is the problem, to be honest. During the bounty hunters period, sure there was a lot of projects that require hashtags, but it would rarely #BTC, since most of them would just want hashtags of their own projects and possibly other stuff related to it, nothing at all was related to BTC.

Most of bounty campaigns last year were all about altcoins, a lot of bounty hunters participated by using for example "#NameofAltcoin" to promote the project. I have become part of the said campaign's before so I know there is no word BTC on it before. they are only pointing about altcoins not btc.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

That's true mate. BTC was extremely hyped, possibly even overhyped during that period and there's definitely going to be a lot of chatter about it on social media, not just on Twitter as well.

It becomes the content of every discussion not only in real life but more on social media. By posting information regarding cryptocurrency, a lot of people adopt and did invest wanting to make money out of it.

[karanggatak]

im not sure. but now people will give hashtag on their campaign. and its rare they use bitcoin, but it doesnt mean bitcoin reputatiin is down. maybe they are just play in their role.
i never say bitcoin on twitter except i want to advertise or what ever it is. and i never see other coin ask to use #bitcoin when they task is on twitter. but for me its not big problem for bitcoin

[teosanru]

Well that's not surprising now after twitter banned all users accounts for advertising bitcoin and other cryptocurrencies and also the fact the price doesn't performed well after the bubble popped in the end of 2017 makes people stayed away in cryptocurrencies are the reasons why bitcoin isn't popular in twitter the problem is social media is very powerful since people nowadays are always at their phone and computers checking their news feeds, and bitcoin hype started like this and boom the price goes up but now, people are starting to leave with bitcoin.

Twitter never banned all user accounts advertising cryptocurrencies. It just clamped down those pages which were using it's paid advertising feature so it looked as if twitter themselves are promoting the particular ICO. There has never been restrictions regarding what users post. Secondly there was no popping of bubble as such because bubble pop is something too quick while the BTC went to 3k in a long bearish phase what we call it. Moreover I don't think people are starting to leave with Bitcoin point is there aren't many new user but I am pretty damn sure one who is connected to this world has never looked back from it. So no adopter has been leaving bitcoin lately it.

[adroitful_one]

The thing about that graph is it reached it's peak around January of 2018. At that time bitcoin had just hit around 20k and was just starting to decline. It took several months for it to get back to around the 10k  range. I want to say around its peak Bitcoin was holding steady around the 18k range. It is perfectly normal for the popularity to decline as the price declines. I am sure when Bitcoin hits 20k again the popularity will be even highter then it was in January 2018. All of the tweets since have been mostly fud and people saying "The bitcoin bubble has bursted"!  Have you you checked the popularity o #BTC instead of #BITCOIN by chance? It seems like I see #BTC alot more then #BITCOIN?

[Expecto]

When Bitcoin price was on its best days bounties were at their peak too. There were much more bounty hunters that time and I think too that Twitter campaigns have a big role on the popularity of Bitcoin on Twitter.