BTC Twitter Mentions Dropped To 2 Year Low

[kryptqnick]

Researchers from the Santiment team recorded a weakening of interest among Twitter users in bitcoin. The number of posts mentioning the largest cryptocurrency fell to a two-year low.
The Santiment review says that typically, a drop in interest from Twitter users in Bitcoin precedes a sharp increase in volatility in the crypto market.

This is the trend that was observed before the March fall in BTC ("Black Thursday"). Then, on the contrary, positive sentiment dominated among Twitter users. However, instead of growth, the market crashed.

Hm, I wonder if it's really the case with tweets and if the rough number of tweets is the right way to measure BTC popularity. Regarding the former, I don't trust research that's done only by one company of which I'm not aware. It doesn't look good that there's no information in English about it. And I can see from other posts in this thread that their methodology should also be questioned. Moreover, even if we look at Twitter and Bitcoin mentions, I think what matters is not the number of posts, but something more subtle, like the number of engagements with posts about Bitcoin (a post made by Rowling or Musk is one thing, and 100 posts made by some no-names is totally another). And if something was observed once, it's not a trend and there's even no correlation to report.

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[MFahad]

If the article writer was right, I'm really not surprised due to the huge hype around this "defi" thing. Funny thing is, it ain't even new! The Ethereum people on Twitter just simply made up a new hype phrase for their token ecosystem.

I feel like they're trying to pump a new thing every few years.

ICOs, IEOs, Defi... any name is good to make money and every time there's a flock of enthusiastic followers that come from god knows where and later complain on the forums and social media how much they lost on this new big thing.

I'm happy there's not much twitter hype for bitcoin. Usually twitter hype equals FUD and scam like it was with cloud mining and many other.

This year we are going to see DeFi hype and already many DeFi projects have gained lot of attention and people are happy to invest in them.

Once bitcoin will cross 12,000K, i think we will see more tweets and posts about it on social media like twitter etc. It just a matter of time when bitcoin will be trending again as it happened in 2017.

[shamimal93]

We are all familiar with the word propaganda.  I sincerely believe that the more you promote something, the more it will grow in value.  Suppose you have produced a good quality product, but ordinary people know nothing about your product.  Then surely your product will not find a good market.  It seems to me that the mention of Bitcoin on Twitter is declining.  Doesn't this mean that people are losing interest in Bitcoin?

[Debonaire217]

We are all familiar with the word propaganda.  I sincerely believe that the more you promote something, the more it will grow in value.  Suppose you have produced a good quality product, but ordinary people know nothing about your product.  Then surely your product will not find a good market.  It seems to me that the mention of Bitcoin on Twitter is declining.  Doesn't this mean that people are losing interest in Bitcoin?

I think not, in that case, people might already be used to bitcoin which is still good. If it is not a trend in a day, it doesn't mean that people is not using it. Here's an analytics from an unreliable source, it indicates that Uniswap is quite having more mentions than Bitcoin lately. But looking up to the usecase of Uniswap, there will be more efficient decentralized trading platform coming up soon. Meaning, the ranking top mentions to platforms is not a guarantee for something to succeed. It just build hype that pass over time, but what is important to that hype is when it last long and forever just like what bitcoin is, right now.

[JohnBitCo]

If the article writer was right, I'm really not surprised due to the huge hype around this "defi" thing. Funny thing is, it ain't even new! The Ethereum people on Twitter just simply made up a new hype phrase for their token ecosystem.

I feel like they're trying to pump a new thing every few years.

ICOs, IEOs, Defi... any name is good to make money and every time there's a flock of enthusiastic followers that come from god knows where and later complain on the forums and social media how much they lost on this new big thing.

I'm happy there's not much twitter hype for bitcoin. Usually twitter hype equals FUD and scam like it was with cloud mining and many other.

This year we are going to see DeFi hype and already many DeFi projects have gained lot of attention and people are happy to invest in them.

Once bitcoin will cross 12,000K, i think we will see more tweets and posts about it on social media like twitter etc. It just a matter of time when bitcoin will be trending again as it happened in 2017.

The hype and interest may not be similar to 2017 but still there will be many people investing in bitcoin when it will be near all time high.
Fear and greed index is one way to know about the people mindset.

We are all familiar with the word propaganda.  I sincerely believe that the more you promote something, the more it will grow in value.  Suppose you have produced a good quality product, but ordinary people know nothing about your product.  Then surely your product will not find a good market.  It seems to me that the mention of Bitcoin on Twitter is declining.  Doesn't this mean that people are losing interest in Bitcoin?

No, people have not lost interest in bitcoins. If that was the case then we would have seen decline in bitcoin prices but the prices are stable even after the news of Kucoin exchange hack. Investors and traders are holding bitcoin for the next bull run.

[7788bitcoin]

Researchers from the Santiment team recorded a weakening of interest among Twitter users in bitcoin. The number of posts mentioning the largest cryptocurrency fell to a two-year low.
This trend is a direct result of the recent drop in the value of BTC, analysts say. Recall that in September Bitcoin could not gain a foothold above $ 12,000 and fell in price to $ 10,000.

Does it really matter if there is a lack of interest among twitter users, they are many popular websites and how about google searches during this exact period, i bet search engines will be having higher numbers, see the numbers when the price of bitcoin starts to rise, if there is any major changes then people start to tweet about it. I assume that the trend right now is DeFi and exchange hacks  .

[TedMosby]

I have a twitter account that regularly mentioned bitcoin automatically everyday.
my account is clean from banned, limitations, or anything that against twitter ToS.
however, when I search on the twitter search feature, my tweets didn't show up.
anyone here got the same issue as me? or twitter just limited bitcoin words?

[ChrisPop]

Crypto twitter is composed mostly of speculators, not actual users of Bitcoin. So, at least for me it is not a gauge for the adoption rate, but for the greed/fear in the market.
One of the institutional trading strategies is to make people think an asset is not good anymore, or it is less popular, etc. while they accumulate. Guess what happens then.

I don't even watch this kind of analytics. They are superfluos if you ask me.