TikTok is a new social media source for promoting cryptocurrencies?

[ATSgrowth]

Hi, have you seen the recent hype around Dogecoin? It was caused probably by ongoing challenges on TikTok. When you think about it, it is really a great way how to make cryptocurrencies viral among young people.

You can read more about this trend here: https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/

[Slow death]

honestly i was shocked by this mainly after hearing this:

Bitfinex Lists Dogecoin After TikTok Fad Sends DOGE Price Over $0.005

current DOGE price: $0.003551



what's the difference between that what happened to Doge with the pump and dump groups of the telegram?

[Rodeo02]

I don't know how actually it  will work.I only understand about the tiktok app is they use that platform for dance challenge and dubsmash so how this platform can promote crypto currency ? What kind of challenge can do this ?


And other thing many countries is now considering banning tiktok  app india and US  which is also a bigmarket  and many country is possible to follow.
https://www.forbes.com/sites/kenrapoza/2020/07/07/after-india-us-considers-banning-tiktok-for-real-this-time/amp/

[Kong Hey Pakboy]

Since TikTok app has a lot of users, even there are a lot of people who makes bad reviews about it because of its some users sexual and inappropriate posts. So I think it could be an effective way to promote cryptocurrencies, as long you have a lot of followers in your account. But you should expect that there will be some people who will ignore your posts because there only intention is to used this app for entertainment purposes only.

[cryptoangel]

Hi, have you seen the recent hype around Dogecoin? It was caused probably by ongoing challenges on TikTok. When you think about it, it is really a great way how to make cryptocurrencies viral among young people.

You can read more about this trend here: https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/

Tik Tok is a Chinese social media network so little risk to follow the cryptocurrency promotion. Because we know some countries are banned the chinese network because of safety reasons. I think dogecoin is best rapid growth in resent day so many peoples are interested to invest in this coin. But again slowly peoples are sell the Dogecoin so it will drop simultaneously. I hope it will going to rock on further days .

[Akiko]

even though that might be true but the challanges like that will only temporarily increase the price, tiktok users are mainly young people and maybe highschooler at that, they are just doing the challanges for fun and then cash their money out when the fun is gone which means massive dump after massive pump. You just should never expect something from tiktok, this platform only good to advertise things other than financial related matter.

I don't see any reasons why it will increase its price since they are only making a challenge which we don't know if it will add any new investors to doge coins.

Others will just wonder what the doge is but you can not tell if they can be  a potential investors or it would add any buyers to that currency after having that challenge. It helps if you have an advertisement that can be seen  on that app instead  of having a challenge .

[microsurfer]

TikTok is just another one toy for kids. Dogecoin just so meme coin and this allow this pump to happen

[bhadz]

Do you think that investors are sitting on their sofas spending a lot of time watching every single video on Tiktok? I don't think so. And it's the teens that are using the app so do you think they have money for investing? not so sure unless they're from a rich company that spending $1000 is just like buying a candy.
Thus, Tiktok was also reported to be a spyware.

[plvbob0070]

And other thing many countries is now considering banning tiktok  app india and US  which is also a bigmarket  and many country is possible to follow.
https://www.forbes.com/sites/kenrapoza/2020/07/07/after-india-us-considers-banning-tiktok-for-real-this-time/amp/

I have also heard about this news that some countries are now banning Tiktok and AFAIK, India already made an application that just like Tiktok. Probably, they banned it because there is some spreading information that this app is spyware which I happen to read on Twitter. Actually, I can also say that Tiktok is a good platform if you are going to promote or advertise some products/stuff because it has a lot of users around the world and even in our country this app is totally popular. And, I don't know if using Tiktok will be a good way for promoting cryptocurrencies. Probably, the changes in the price of Doge is a simple/normal dump and pump on the market.

[cheezcarls]

Never been a fan of using TikTok despite that there's a way that we could generate money from it like Instagram, etc. Here's what I have assessed so far from those guys who have made that viral DOGE TikTok video.

Maybe they were #HODLing some DOGE during that time and was thinking of an idea to make their video viral on TikTok about buying DOGE. As the price gone up a bit, they sell it for profit. Not a bad idea though, but ain't a fan of that viral video and using TikTok.

[bigcash2011]

Hi, have you seen the recent hype around Dogecoin? It was caused probably by ongoing challenges on TikTok. When you think about it, it is really a great way how to make cryptocurrencies viral among young people.

You can read more about this trend here: https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/

As far as i remember tiktok is just related to fun, entertainment and basically it represents an app class categorized as user centric media or social platform.
It was never considered a platform to promote cryptocurrencies but dogecoin used it and it resulted in considerable pump but personally i do not like such things as we should be looking at organci growth not just pumps and dumps.

[masterrex]

Hi, have you seen the recent hype around Dogecoin? It was caused probably by ongoing challenges on TikTok. When you think about it, it is really a great way how to make cryptocurrencies viral among young people.

You can read more about this trend here: https://fortune.com/2020/07/09/tiktok-dogecoin-challenge/

It is hard to believe that TikTok can cause that mega pump, We all know that there are many groups that organized pump and dump sessions like in the Telegram, One of the hottest topics in the Global business articles was TikTok is in big trouble now, India bans it recently while the US is already said that it might be banned TikTok for a national security concern and it's not impossible that other country will follow too. so my opinion is to leave that TikTok issue alone and focus on our daily struggle in the cryptocurrency industry for the better.

[Avirunes]

It was bit smart actually considering how tiktok have been grabbing attention recently. New platform, lot of new users so whoever did it he is smart. He took the perfect chance to grab attention of newbies in this cryptocurrency and it paid off well. But slowly and gradually they will also realise how the cryptocurrency market works so its just a matter of time. It will be same like Twitter, Facebook promotion at one point.

[CuriousGeorge]

TikTok is just another one toy for kids. Dogecoin just so meme coin and this allow this pump to happen

I guess people were loosing their mind cuased by this news. They didn't realize if they have been getting trapped by the pumpers and dumpers. The pumpers already dumped the price of doge coin again and that's crap to see there were some people still said doge will be the next big thing.

[Pffrt]

I don't think tiktok is a good place to promote crypto because most of the users are not much interested in crypto. The dogecoin hype happened because of the greedness of being reach or get some quick money. I don't think that can be a good place for promoting cryptocurrency.

[sujonali1819]

Nice to hear that dogecoin is trying to do something with Tiktok. Since TikTok is now a popular social media and has a lot of users, it will be very useful if they can use it in perfect ways.

But I don't believe it will help to mega pump or dump the coin is promoted. Because I assume most of the TikTok user is not familiar with cryptocurrencies (this could be wrong). But it's sure that many people will know about crypto. Thus Tiktok can take a place for crypto promotion as a social media.

[bhadz]

I guess people were loosing their mind cuased by this news. They didn't realize if they have been getting trapped by the pumpers and dumpers. The pumpers already dumped the price of doge coin again and that's crap to see there were some people still said doge will be the next big thing.

They'll eventually look for another coin to pump where they can deceive the people again. Those people that have no experience investing in cryptocurrencies and will push them to invest to their chosen altcoin.
Yes, it's true that the pump for dogecoin looks done and it won't be followed by any hype coming from tiktok again.

[kentrolla]

Tiktok is an entertainment app luckily Doge coin was trending for someday but this doesn't mean the coin started growing rapidly and yes it gave attention to most of the user's about doge coin.

It's not a platform to promote the crypto currency but I am sure it would have gradually created some hype in the market and rapidly the price got increased, honestly this was not expected by any one but whatever happened is for good

[mezzaluna]

Tiktok is mostly used for entertainment but who knows, managers already tried using some social media platforms like Twitter, Facebook and Instagram. Some bounties even includes LinkedIn which is a platform to look for jobs and Reddit which is the so called frontpage of the Internet. If TikTok can reach more audience then it is possible for it to be used and that would be useful for campaigns.

[Raflesia]

Many have become viral in the TikTok application because so many users are very fond of the entertainment application even among celebrities, and here Dogecoin tried it and made new hype. I don't know why this could happen even though TikTok users don't really understand cryptocurrency. therefore Dogecoin might try new things to boost first with the best promotion with tiktok.

But I'm not sure this pump will last long.