Does that mean trading is more popular than social media now?

[Woodie]

Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

[jossiel]

It became popular due to the prices that everyone is seeing. Price of bitcoin, ethereum, BNB, Dogecoin and other cryptocurrencies that have much increased in a short period of it.

That made people to download those trading apps and they all became interested. This incident usually happens when we're in the bull run. People are always interested to the market when it's up but when it's down, not that much news about surge in downloads and searches.

[Bitcoin_Arena]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

[Fatunad]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Reading up the link they didnt include any resource that would prove out on what they do claim- Shitty media as always - If they do just based off on IOS appstore then its bullshit that they
would say that trading platforms or exchangers do able to overtake those popular sites or apps in the market as of this moment.If they are just basing on a single place
then it wasnt really accurate at all and just telling that Coinbase is really able to overtake that Famous tiktok app which im bit surprised if it did really able to do
so in a short span of time.

[jrrsparkles]

Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

If I am not wrong the number if downloads decides which app is mostly used but the ranking you are talking about may depends on the trending which doesn't mean the these apps surpass the social media apps. Anyway people are more using cryptocurrency market place which is a good sign of development in the adoption rate.

[stomachgrowls]

~

If I am not wrong the number if downloads decides which app is mostly used but the ranking you are talking about may depends on the trending which doesn't mean the these apps surpass the social media apps. Anyway people are more using cryptocurrency market place which is a good sign of development in the adoption rate.

Its clearly stated that this do only talks about recent days numbers which means this doesnt count as a whole but its still a good thing that recognition does really show via those numbers.

Neither those people who had made out those downloads are actually interested on making out some trading or some investing then that what matter most.

Its just a matter of time on where full adoption would take place.It might took for more years to come but at least we do know that chances and progress is there.

[crzy]

There’s a lot of social media users that didn’t know trading so I don’t think trading is more popular but for me this doesn’t matter because we’re still far from the mass adoption and that numbers is still low, we need more new comers and in terms of trading, I doubt that everyone will trade because this is risky.

[stompix]

So I don't know what cointelegraph is basing on.

The original articles pointed to sensortower, which is pretty accurate
https://sensortower.com/ios/rankings/top/iphone/us/all-categories?date=2021-04-16

But, what it tracks is daily popularity, not the global amount to date as TikTok is 10 times bigger than the two combined by March statistics alone and the stats are only for the US, so it's more like a quarter of the story is right. Of course, downloads don't mean users and users don't mean actual trading but that's already going too far into details.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

As I explained previously the title is a bit false and besides that, it will never happen, first is because 80% of the world's population can't afford the $ to invest in the first place, then trading is not for everybody. There are still millions out there for whom creating a youtube account is a challenge, you won't see them even trying to understand what trading is about.

You won't see people ditching fail or snake bite videos for trading en masse.
And if that happens it means it's 1929 all over again.

[fullhdpixel]

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

That is really an interesting conclusion.

I just wanted to link these changes in people's latest activities to the incident of with few months back some people did dogecoin promotions on tiktok and other social media if I remember exactly. People who noticed that dogecoin promotion and the current price of dogecoins then definitely will go for checking crypto space.

Most probably dogecoin's recent surge must be a reason for changes in downloads trend toward crypto related apps.

[Scripture]

Trading is still risky for everyone and it doesn't mean that its more popular because social media is still the top platform where most of the people spend their time, trading on the other hand is still no that active compare to social media platforms. Though this is a good indication that more people are starting to adopt cypto trading, and in time we might see the surge on the volume of incoming traders.

[goaldigger]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Probably Robinhood and Coinbase was on top for a specific time and not for all time because we all know how social media works today, and its very popular compare to trading apps.

Cointelegraph most of the time are releasing articles without a proper investigation or analysis just like this one, I doubt that Trading apps will ever take over those giant social media platforms, even traders have their own social accounts but not all social media users have trading account, so this is too impossible to happen.

[tbct_mt2]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Total download numbers can not be used to judge the growth pace. If you want to compare the growth pace in a month or during recent months, you have to assess stats for one month or a few past months period, not All time in history of each application.

It is very normal if applications of cryptocurrency exchanges have exponential growths in recent months. I recalled that Binance or Coinbase have their reports that their new registered users are growing very fast.

2021 - Global Crypto User Index. Download the PDF file

[mk4]

Take note that monthly active users is a far more important metric than total downloads. Facebook, Twitter, YouTube, TikTok, and other social media platforms are far far more likely to be used by people on the daily, compared to finance and trading apps such as Coinbase and Robinhood.

[iv4n]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Probably Robinhood and Coinbase was on top for a specific time and not for all time because we all know how social media works today, and its very popular compare to trading apps.

Cointelegraph most of the time are releasing articles without a proper investigation or analysis just like this one, I doubt that Trading apps will ever take over those giant social media platforms, even traders have their own social accounts but not all social media users have trading account, so this is too impossible to happen.

Cointelegraph is like any other newspaper, they try to attract people with sensationalistic headlines! So most of their articles are pure trash, except big headlines, there's nothing else to see!

I don't doubt, treading apps will never be more popular than social media platforms. Simply kids from early ages have accounts on various platforms, older people are using it for fun and staying in touch with others... it's not everything in trading and making profits, and for sure it's not for everyone!

As you say, these stats (if true at all?!) are just for some time frame, and maybe due to this hype, more people are getting involved... but we should stay real, it's near to impossible for any trading app to become more popular than some giant social media platform!

[Kong Hey Pakboy]

As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.

Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads

So I don't know what cointelegraph is basing on.

Not to mention that social media is far more accessible compared to trading apps in any country. I think that social media is just a platform to make things trending and I don't think that it is worth comparing it to trading because they are completely different. Even if people are interested in crypto aand stocks, there's no way that it will pique everyone's interest.

[Kelvinid]

If you are fan using your phone, social meant a lot for your to know, not trading. Social media is the top among other platform and rarely possible that trading could be as it need money unlike having Tiktok, FB, Youtube , and etc...

people had found social as way to please themselves, expressing their opinions, talking to someone and many more. While trading is a serous business, this involves money that many were no interest of it.

If you make you life happy, then go for social media but if you want to stress your life, then trading is good for you.

[Wexnident]

Nah, this is either a daily thing or monthly thing, but definitely not an all-time thing. I reckon that people are quite active with the internet now due to having nothing to do, hence why the news of cryptomarket experiencing huge booms have had them interested in checking it out. I myself have been asked by a lot of my friends on how to actually enter the scene, so it isn't that surprising that it actually made it boom. Not to mention that trading is more popular than social media? Highly doubt that. Humans are social animals, after all, nothing could basically beat (at least right now) social media apps with how they share information and entertainment to others, and imo, trading isn't one.

[Palllke]

More and more people interested in bitcoin now. Mostly because of price. They hear news about bitcoin every day, and this is pushing them to look for a new app for learning bitcoin.
I've heard from a lot of people that they want to buy bitcoin and mostly regret not buying it before.
It just money , not bitcoin technology.

[irsykes]

Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it. Even me don't have that 2 app that OP mention, maybe if big exchange trading app or maybe blockchain wallet or any wallet that already realy famous maybe can reach but maybe not same yet with social media app.

[RealMalatesta]

Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it.

These days all crypto-related services are available as apps for your android or iphones; it means you can use crypto exchanges on the go for buying/selling your favorite coins just like using social media. So, somehow there are the possibilities for the changes in trend among certain age group of people which might lead to increased number of downloads for crypto related apps against all other apps in recent time span.

I welcome this change and I wish it needs to be continuing so that more people will get awareness on cryptocurrencies which made be ending up in more adoption of cryptos.