Rruchi man (OP)
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March 27, 2021, 04:37:59 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
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South Park
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March 27, 2021, 04:52:59 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
Not going to work, even if you could get enough people to participate on it then what is next? You are just manipulating the price for the short term and after this is done the price will go back to where it was, it is better to let bitcoin do its thing and wait for the organic growth coming from adoption, besides bitcoin is easily above 55k, why should we do anything about it when bitcoin by itself is doing such a good job? Just forget about it and accept we cannot control the price of bitcoin and it will go up when it is the right time.
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pooya87
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March 27, 2021, 05:27:58 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin.
If you look more closely you can see that such things do not always successfully affect the market. In fact most times they are ignored by the majority specially if the post is against the ongoing market trend. But you can also see that such effects are small and short term. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
So you are saying that we should create a "bitcoin pump and dump group" and you think that "saves" bitcoin?! lol.
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Poker Player
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March 27, 2021, 05:52:46 AM |
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If you look more closely you can see that such things do not always successfully affect the market. In fact most times they are ignored by the majority specially if the post is against the ongoing market trend. But you can also see that such effects are small and short term.
This. The same applies to the stock market. Today Biden sneezes and the market goes down, China's president laughs and the market goes up, to give examples in a simple way. Relatively minor events can make the price of a given stock go up or down in the short term, but if the company is strong and has good fundamentals, the long-term trend is always up. It is the same thing that happens with Bitcoin, the fundamentals are good, and it doesn't matter if in the short term a tweet or a certain piece of news makes the price go down a little, the long term trend will be to keep going up. That's why I don't think it's worth wasting time with collective actions. Just HODL.
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davis196
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March 27, 2021, 06:04:15 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
Yeah,great idea.Let's just spam social media and create a BTC price bubble that will last for a few days. Any idea about what content should we tweet/share/post? All the social media platforms have algorithms,which are based around user engagement and reach. The more users engage with a post(likes,views,comments) the the bigger reach it will have and more people will see it.The engagement must be organic.Nowadays,social media algorithms are smart enough to find fake engagement,therefore ghosting posts that have fake engagement.
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Lorence.xD
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March 27, 2021, 06:20:34 AM |
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If you look more closely you can see that such things do not always successfully affect the market. In fact most times they are ignored by the majority specially if the post is against the ongoing market trend. But you can also see that such effects are small and short term.
Maybe the reason that it didn't work is because there isn't enough people that have been doing the thing to move the market, I mean look at the Wallstreetbets Gamestop fiasco, if there was enough people to move the market then the market will move. So you are saying that we should create a "bitcoin pump and dump group" and you think that "saves" bitcoin?! lol.
I think that is what OP wants. To be honest though, it is a pretty shitty idea because it needs a lot of people, you can just do your thing and continue trading in bitcoin and cryptocurrencies and you will be good to go.
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verita1
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March 27, 2021, 06:37:50 AM |
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I prefer that the fluctuation of the price of bitcoin remains as we are seeing it because it is insane that it is different, what you suggest is manipulation. If you like the social network Twitter, you should follow PlanB and understand his predictions. I believe in his analysis because so far the price of bitcoin is shown as is to his ideas.
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Wind_FURY
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March 27, 2021, 06:45:11 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
What would that do? There are thousands of people talking about Bitcoin in Twitter everyday, and other social media platforms. It will not change anything. Leave the market alone, and let it do what it is going to do. Zoom out, HODL, the Honey Badger don’t care, and other things.
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michellee
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March 27, 2021, 06:55:22 AM |
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If you are not a popular person in the world, people will not think much about your tweet because they do not see that you can lift the price to a higher price. But if you make a tweet collectively with many people, that can be a pump and dump moment because people see many tweets in many channels or forum or groups, so they will think that the next thing that can happen is the price can increase. I am sure that we can lift the price increase fast and will reach the new ATH. At least, you need more people to tweet about the good news of bitcoin, so people will see that bitcoin really gives benefits to them.
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CryptocurencyKing
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March 27, 2021, 07:40:30 AM |
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I believe I've seen a similar of this post before @OP, not the same but carries similar contest to it and I'll be so glad to tell you that, it ain't going to work. Nope, it won't! Trying to make a pump and dump through twitter groups won't work so well as to influence bitcoin price.
No matter how many fractions of crypto enthusiast you form into groups, it is when we trade these currencies that, the prices move in the way it does and being a part of these pump groups, your most likely not to trade with the Knowledge of the fact that, its just a pump. Besides, how many fraction of the world's crypto enthusiast can you be able to gather into your pump group? Will every individual comply?
The bitcointalk forum is here and yet, our ideas and what we agree on are diverse still. There is no way just another pump grouo can work because, you can only have so few of the crypto enthusiast bounding as one.
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Trinx01
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March 27, 2021, 08:03:54 AM |
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Only popular persons can manipulate the price of bitcoin but it won't last too long, they can manipulate for doing a single tweet but it only won't make the bitcoin going too strong. We know that probably all of the people linked to cryptocurrency have social media account so they may notice and encounter those tweets regarding cryptocurrency. Some of them agreed and some or not, which makes the bitcoin moves a little bit.
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slaman29
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March 27, 2021, 08:36:47 AM |
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How on earth does this save Bitcoin? And why does it need saving? And if we all go and Tweet about it and it works, then it means Bitcoin can be manipulated by everyone like Gamestop stocks. That would actually prove Bitcoin's decentralization is wrong and so we would all end up hurting Bitcoin in the end anyway, don't you think?
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blockman
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March 27, 2021, 09:12:05 AM |
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Only them can influence the market. But who knows if an organize and big boot from each retailer will be that powerful to influence the bitcoin market. I remember the wall street bets and how they made noise on the stock market. Well, who knows but probably not going to happen.
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tranthidung
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Farewell o_e_l_e_o
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March 27, 2021, 09:36:16 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
Tweets can not help bitcoin price move to new all time highs. - The awareness of more people about the scarcity of bitcoin does.
- The increasing difficulty and the more expensive cost to mine one bitcoin do.
- The fear of can not able to own any bitcoin does.
- If you consider the main force of the market is institutes & institutional investments (not retail investments), tweets don't change their plans.
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Bilgent
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March 27, 2021, 09:48:32 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
We have witnessed before that the price was affected in a good way after the searches about Bitcoin on the internet increased. The same effect can be created by doing so in the social media also. But you can be sure that it won't last long. It will just be effective for a short period and after that the price will most probably go back to its old level.
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cryptomaniac_xxx
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March 27, 2021, 09:51:50 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
As much as wanted the price to really pick up again and make a rally, I would rather see the price increase naturally, without someone influencing it like Elon Musk or other social media influence. Bitcoin has been in the trend, we don't need to pick up one tweet that we all can agree, with the bitcoin space open wide, I doubt that we can even agree on one subject there. Sorry but your suggestion doesn't work.
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slapper
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March 27, 2021, 09:54:16 AM |
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Do you think that we really need that kind of push? Why should we need to create a new ATH while bitcoin is already high enough? Bitcoin does not need any social media or any kind of FOMO to make it become more famous. A short-term uptrend only makes things worse and people lose their hope in bitcoin, especially those newcomers who expect bitcoin as a long-term investment rather than a short-term loss. There are many other ways which you can involve and help people to raise their awareness such as educating them. Knowledge is what people mostly lack while they tend to think that they know everything. More understanding of bitcoin, blockchain, cash, economy, and decentralization will make a lot of people fascinated in learning and starting to utilize bitcoin.
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BIT-BENDER
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March 27, 2021, 10:35:39 AM |
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
It may help the bitcoin adoption, but it will in total fortitude help scammers, bitcoin trending/cryptocurrency trending is capitalize by scammers, if in all for instance 100 people post about bitcoin on social media, many of which may be scams for newbies, you hardly see in the comments section of a You Tube video about BITCOIN and cryptocurrency even forex where scammers don't dwell, I think the Key word Bitcoin into circulation, let newbies do there search-up.
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Wexnident
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March 27, 2021, 11:15:41 AM |
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Uhm no, if such a thing were possible, then you'd see countless products being advertised all at once in every platform possible if they wanted to hype it up. They could even have an agreement with other competitors to do it in cycles, who knows. But anyhow, it isn't possible or rather, it isn't effective. Making it trend in Twitter (or any other social media platform) would only be a temporary boost to its popularity and that's it. It'd be quick to be extinguished just like how quick it went on fire.
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Lucius
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Top Crypto Casino BC.GAME🎲
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March 27, 2021, 11:52:25 AM |
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We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin.
Those top individuals you’re talking about like EM are special after all, and we little and ordinary people can’t compare to someone who has about 50 million followers and hundreds of billions of dollars. Such people are influential precisely because of these things, and have an army of blind followers who respond to their every word - and thanks to the digital age they can create a bad or good effect within minutes. No matter what anyone thinks of such people, it's certainly better to have them on your side than against yourself - and how much it helps or doesn't help Bitcoin time will tell. If you want to help Bitcoin, use every opportunity to explain to people what it's really about - you have the opportunity to do it every day on this forum or in real life.
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