Bitcoins and Influential Social Networks

[Ryu_Ar1]

For now, the presence of social media actually makes them rise rapidly, in fact, especially for global-based social media. There have been many examples of people liking crypto and bitcoin because they know it by accident from social media.
now that technology is growing and almost all areas are now touched by technology and social media is accessible, this can be a bigger opportunity to get to know and make crypto more developed

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[cheezcarls]

For several years, social media has been one of the main sources of traffic for various niches including Bitcoin and cryptocurrency-related topics. Back then without the growth of social media, we only use search engine, forums, etc., (with the exception of Friendster, MySpace, etc.)., to find relevant information about anything.

Now with social media platforms such as Facebook, Twitter, Youtube, etc., it is now easier to engage with a lot of users to talk more about Bitcoin, cryptocurrencies, etc. It plays a key role for us to become aware of what is going, how we react, respond and engage with others. 

[Joshapat]

Now we need influencers who can convince investors to buy again so as to make the price of bitcoin rise again or not drop below $ 30k, the current Bitcoin price is very worrying because it is in the range of $ 30k, if there is no concrete action from influencers then the market will continue red.

[nur rochid]

For several years, social media has been one of the main sources of traffic for various niches including Bitcoin and cryptocurrency-related topics. Back then without the growth of social media, we only use search engine, forums, etc., (with the exception of Friendster, MySpace, etc.)., to find relevant information about anything.

Now with social media platforms such as Facebook, Twitter, Youtube, etc., it is now easier to engage with a lot of users to talk more about Bitcoin, cryptocurrencies, etc. It plays a key role for us to become aware of what is going, how we react, respond and engage with others. 

social media has indeed become the vanguard for the development of cryptocurrencies, and we can see sponsors on various social media about cryptocurrencies, this can provide knowledge to many people about the existence of crypto and its various characteristics. Their interest is of course when they listen to many successful people from cryptocurrency, so they want to be successful too. from here many of us who then learn and participate in it

[darewaller]

Mass “maneuver” networks or current social networks can be used to boost or defame a currency (crypto). Overall, is it beneficial to use monetary investment in social media to increase the value of a cryptocurrency? Even at the risk of defamation by the network itself?

Social networks shouldn't have any impact on crypto, the ones that does have some sort of impact are mainly twitter, and a small portion at instagram but not so much. I am guessing that if twitter was closed for like even a week, there would be even a bigger fall in crypto than what FED did.

Let's wait and see what this price situation will be, but the influence isn't based on twitter or any social media, it was basically just FED getting some money, they printed a ton of money so far, and want to just get some of it back, and that's all this fuss is about, hence social media doesn't really have impact as much as we think it does, even one report would change much easier.

[kapalmabur]

Now we need influencers who can convince investors to buy again so as to make the price of bitcoin rise again or not drop below $ 30k, the current Bitcoin price is very worrying because it is in the range of $ 30k, if there is no concrete action from influencers then the market will continue red.

Seeing the price of Bitcoin continues to decline of course this is bad news,
maybe there is some truth in what you say but the influencer must be truly competent and trusted,
I don't know how long the crypto market conditions like this will continue

[Pejoh Asu]

Elon Musk, who is usually active in making tweets about crypto, has not commented on anything for a few days, maybe he doesn't want to invest in cryptocurrencies because he has got a big profit some time ago, and it seems like the top influencers will only speak when prices skyrocket and most are silent when the market Red as happened this week which dropped more than 40%.

[southerngentuk]

Mass “maneuver” networks or current social networks can be used to boost or defame a currency (crypto). Overall, is it beneficial to use monetary investment in social media to increase the value of a cryptocurrency? Even at the risk of defamation by the network itself?

Yes, just like the OP is expressing, the choice is still ours. I see the interplay between the media affecting different economic markets, not just money. electronic. Today's easy news sources to navigate and control makes it good/bad for the growth cycles of many professions. If we can't get rid of that control, then of course being influenced is inevitable. Being heavily involved in this market makes me see some pretty crude tricks as they are willing to spend large sums of money to fabricate information and build trends in our minds, for better or worse. It's a person's own assessment.

[justdimin]

I see the interplay between the media affecting different economic markets, not just money. electronic. Today's easy news sources to navigate and control makes it good/bad for the growth cycles of many professions. If we can't get rid of that control, then of course being influenced is inevitable. Being heavily involved in this market makes me see some pretty crude tricks as they are willing to spend large sums of money to fabricate information and build trends in our minds, for better or worse. It's a person's own assessment.

Unfortunately media has been always purchasable and that is the issue. Rich people could pay whatever they want and get some narrative going. In my nation we have the same narrative for a while now, one person is saying one thing and claiming that nobody else said it when there are others who have been saying the same thing for decades now.

Because, that person paid the media to make that kind of news now and that caused people to think that they are seeing what they should and all others are wrong, when in fact all those others have said it for nearly 50 years now. So all in all, media could be bought, and doesn't matter if it is regular tv news, or twitter accounts.

[TheUltraElite]

Mass “maneuver” networks or current social networks can be used to boost or defame a currency (crypto). Overall, is it beneficial to use monetary investment in social media to increase the value of a cryptocurrency? Even at the risk of defamation by the network itself?

It has been used a number of times propagated by many shills and bagholders. They can make temporary movements in the market leading to pump or dump depending on the type of notion involved.

But the people who run such schemes usually have a army of shills ready to lead their commands. This is a long term process to brainwash those shills into following their command but eventually it works out. Use the shills to pump a certain coin while you are dumping that same coin to get a high price to sell at and vice-versa.

It does not run well with morals, but the anonymity of social networks cover their rears well. These groups are pages should be avoided by newbies.

[Silberman]

For several years, social media has been one of the main sources of traffic for various niches including Bitcoin and cryptocurrency-related topics. Back then without the growth of social media, we only use search engine, forums, etc., (with the exception of Friendster, MySpace, etc.)., to find relevant information about anything.

Now with social media platforms such as Facebook, Twitter, Youtube, etc., it is now easier to engage with a lot of users to talk more about Bitcoin, cryptocurrencies, etc. It plays a key role for us to become aware of what is going, how we react, respond and engage with others. 

I agree, while the mainstream media keeps talking badly about bitcoin and the market in general the general attitude that we can see in social media websites is way better, while there is obviously people that are against bitcoin there are also many other people that are in favor of bitcoin and what it represents, so overall those websites have helped the awareness and adoption of bitcoin among the population at large, something that can only be good for us.

[KingsDen]

Many projects in this space are community based. Infact all projects depends on demand and supply. Then demand and supply depends on the interest of people and peoples interests are influenced by influential personalities. And the best tool of the influencers is the social media.
Social media takes lead in everything that happens. Be it war, it is won in media, be it elections, peoples popularity is first tested social media.
No wonder Elon Musk wants to control the marker with twitter.
No wonder Trump was fought on social media.
So, in as much as there is fundamental analysis in the crypto market and it works, news is a key and news is peddled on social media.

[Cling18]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

[molsewid]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

Social media was created to reach for more people. And yes it can affects people and other things in this earth whether it is for good or for bad. As a social media manager, it really help us in our campaign to create awareness to our target people, with a success campaign we can create a good number of people following our community. Social media needed to be handle properly.

[AmoreJaz]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

Social media was created to reach for more people. And yes it can affects people and other things in this earth whether it is for good or for bad. As a social media manager, it really help us in our campaign to create awareness to our target people, with a success campaign we can create a good number of people following our community. Social media needed to be handle properly.

for those handling their campaign via social media channels, they should be responsible on what they are communicating to the public. because some people won't do their own research but just believe on what they are reading. hence, some are misled to a wrong concept or idea. they can easily influence other people and so some are being screwed just by following what the social media is feeding them. you need to educate yourself not to get rekt in this market.

[TheUltraElite]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

It is usually the second one more than first one. Media personalities getting involved in crypto because of its unregulated border-less nature, makes the entire trade and manipulated one.

While buying and selling is one thing, doing that on someone's commands is a different thing. But the choice always exists and to exercise the choice is to be the true trader. One should never let someone else's judgement cloud their mind. Here everyone is out for blood, deception and trickery are very common and it takes time to learn to avoid that.

Which is also why trading is a long term game, so you gradually learn how to use the movements to plan your orders - usually by going against what the influencers say.

[Silberman]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

Social media was created to reach for more people. And yes it can affects people and other things in this earth whether it is for good or for bad. As a social media manager, it really help us in our campaign to create awareness to our target people, with a success campaign we can create a good number of people following our community. Social media needed to be handle properly.

However the problem with social media has always been the presence of false information and rumors, it is incredibly easy for a person to create a false rumor but since it sounds believable or exciting other people begin to share the rumor and before you know it there is a lot of people that have the wrong information and it is almost impossible to reach each one of them and show them the truth, so governments are also trying to use social media to try to deceive people into not investing in the market of cryptocurrencies.

[bitzizzix]

The social media platform is a huge community that has an impact on Bitcoin and other altcoins. It could influence and affect the trust of people negatively or positively depending on the discussions and threads that are on-trend. Other personalities usually use social media platforms to shill and boost the coin of their choice which I think is also an effective strategy.

Social media was created to reach for more people. And yes it can affects people and other things in this earth whether it is for good or for bad. As a social media manager, it really help us in our campaign to create awareness to our target people, with a success campaign we can create a good number of people following our community. Social media needed to be handle properly.

However the problem with social media has always been the presence of false information and rumors, it is incredibly easy for a person to create a false rumor but since it sounds believable or exciting other people begin to share the rumor and before you know it there is a lot of people that have the wrong information and it is almost impossible to reach each one of them and show them the truth, so governments are also trying to use social media to try to deceive people into not investing in the market of cryptocurrencies.

It's hard to tell the difference between good news and fake news on social media because fake news is designed to convince people, unlike if the person is an amateur.
but even though the news looks convincing, it will gradually be revealed but managed to make many people believe even though it was finally caught, so what must be smart is that social media users must find out the truth by doing research.
And if it really aims to bring down crypto we as users must find out the truth and if it is true fake news we must quickly spread the news that is fake, or spread the truth if the news has no knowledge of crypto.

[Silberman]

However the problem with social media has always been the presence of false information and rumors, it is incredibly easy for a person to create a false rumor but since it sounds believable or exciting other people begin to share the rumor and before you know it there is a lot of people that have the wrong information and it is almost impossible to reach each one of them and show them the truth, so governments are also trying to use social media to try to deceive people into not investing in the market of cryptocurrencies.

It's hard to tell the difference between good news and fake news on social media because fake news is designed to convince people, unlike if the person is an amateur.
but even though the news looks convincing, it will gradually be revealed but managed to make many people believe even though it was finally caught, so what must be smart is that social media users must find out the truth by doing research.
And if it really aims to bring down crypto we as users must find out the truth and if it is true fake news we must quickly spread the news that is fake, or spread the truth if the news has no knowledge of crypto.

While you are not wrong that puts us in a passive posture, which means that at best we can react to the fake news and then try to refute them, and while the number of cryptocurrency users is very high and there are many that are interested in dispelling the myths and lies around it, at the same time people eventually get tired of having to refute the same arguments over and over again and then they abandon their efforts to convince other people of the truth.

[Flexystar]

Now we need influencers who can convince investors to buy again so as to make the price of bitcoin rise again or not drop below $ 30k, the current Bitcoin price is very worrying because it is in the range of $ 30k, if there is no concrete action from influencers then the market will continue red.

Your taking it little wrong way mate. Social media isn’t helping with that for sure. All the influencers out there have limited out reach and not everyone is connected with like minded people! That’s fact obstacle one and second is most important, social media is fake shit and only delivers negative stuff about crypto most of the time to attract audience get benefited through advertising partners. 

Crypto currency’s do not require such action. It’s entirely based on willingness, anyone can hop in and go out. It’s free will not influencing based deal.