Bitcoins and Influential Social Networks

[Kweek]

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?

[ajochems]

Social network is essential to do ,spread the good news about the coin and share the bad things about the coin social media for all the people.When the price of bitcoin was increased,the same was reflected on the price of most of the altcoin.Now the digital marketing strategy was playing huge role in the selling of the cryptocurrency projects.Many new people coming to crypto project by this social media.

[mk4]

Cryptocurrency projects do it all the time, I mean how else will they get publicity?

As for Bitcoin, who's going to spend the money? There isn't such thing as a Bitcoin CEO/CMO. But fortunately Bitcoin exchanges and services in general do the marketing for us.

[Darker45]

What defamation in particular?

Anyway, social media networks nowadays are playing a vital role in terms of shaping public perception and the day to day life of ordinary people, so it has now also become a ripe avenue to promote investment and all kinds of opportunities. It is probably where your investment offers reach the widest possible audience. So regardless of the possible opposing views, it is probably worth it. As a matter of fact, it is a good open space to disprove those defamation and false accusations and whatever.

[mk4]

What defamation in particular?

I'm guessing something similar to what some Proof of Stake projects say to attract attention to their project; they say Bitcoin and Proof of Work is a waste of energy and all that. Fortunately most if not all defamation attempts are a failure.

[CryptoHeadlineNews]

Social media has a big role to play in the value of cryptocurrency, because it's the only medium currently now you could find the majority of people. A small virtual community which connects the whole world, through which information shared can go viral in seconds. People this days believe in information gotten from social media, and thats why we have got influencers who through their massive audience could influence a mass adoption or rejection of a coin or anything else, just like Elon Musk

[Flexystar]

News media and publication, they have bitcoin as the best key word these days so that their articles can be read at high count and they will get paid from advertising networks. Whether it is casino publication or even altcoin project publicity, bitcoin name would come up eventually. For example, you can buy our coins using bitcoin or you can play the slots with bitcoin etc.

Ultimately this is nothing but bitcoins eventual marketing. Though it does not require any.

Government also indirectly prompt bitcoin whether it’s legal or illegal dispute, everyone will check it out just to see what exactly bitcoin is and why everyone wants it.

[Wexnident]

Anything you'd want to boost popularity with would always use social media as a medium. It's basically a hub where people can easily interact and share their opinions, as well as spread them to basically everyone else that uses the internet. The major goal in using it anyway is to let the people know of the existence of the project you are endorsing, the rest of the information added is just flavor to increase the chances of you actually remembering it (or not). As long as the project sticks out to someone, I'm pretty sure most businesses would consider it a success.

[crwth]

Imagine first the power of social networks, especially those in control of so many people, on what they can do on the platform. Imagine the giants like Facebook, Google, Twitter, etc. They can and have the power to change their platform to something that could benefit them instantaneously. ^{Of course, that's not ideal and probably illegal}, but they can. It's just a matter of how much they are willing to do about it.

If someone that has enough power to do it manages to have it, they already can accumulate so much that they can probably get away with it. With the use of their money. It's just that influential.

That's just a thought on what they can do, but I doubt it will happen. The brand they built and the foundations they have strengthened will be tarnished or be desolate if they do something like that. It's not that worth of risk. That's how I see it.

[tabas]

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?

There's no need to do that. Haven't you seen that social media has been part of defaming bitcoin and has being used to describe bitcoin negatively.
Let alone the crypto market grow on its own and we don't need any funding for the usage of social media to boost the popularity of it. We, alone are enough to describe how it is with our individual accounts.

[bitzizzix]

OP stated social network and different to social media and the difference between the two is that social media is more of an online community formation to share information, ideas, private messages and other content. whereas, social networks are more of a platform for creating and maintaining personal and business relationships, especially online.
and the main difference between the two lies in the style of communication, Purpose, Content, Time and Effort, and ROI.
but both are good for bitcoin because it can increase its popularity and also increase its users, depending on how we advertise it and also explain well if there are questions.

[Moneyprism]

I think social media plays a very important role in global crypto adoption.. with us as crypto adopters spreading good news about crypto through our social media this will invite other people to join and use crypto for their transactions or investments

[hugeblack]

In the past, the attack on cryptocurrencies took an ethical nature, such as that they were used in drug dealing and dark activities.

However, some people continued to use them, but now they are related to speculative activities, which some may risk in the hope of making a quick profit from them.

What I am trying to convey is that what is happening now is better than in the past, things change and even the negative outlook will change when investors invest directly or indirectly.

[Nivia1st]

in fact social media plays an important role in the development of crypto. almost all cryptocurrency publications start from social media such as Twitter, reddit, facebook and youtube. without social media networks, I doubt crypto can thrive the way it is today. so if anyone says social media has a negative side for crypto it is completely wrong.

[Husires]

Social media is decentralized and therefore a unified central opinion cannot be imposed on it.
It allows citizens the freedom to perform opinions and thus allowed cryptocurrencies to spread.

Without it, we wouldn't be where we are. Read the comments that come from TV and channels that have a specific mindset.

Therefore, social media is a true double-edged sword, despite its positive aspects, but it has made scam easier.

[palle11]

Social media has a big role to play in the value of cryptocurrency, because it's the only medium currently now you could find the majority of people. A small virtual community which connects the whole world, through which information shared can go viral in seconds. People this days believe in information gotten from social media, and thats why we have got influencers who through their massive audience could influence a mass adoption or rejection of a coin or anything else, just like Elon Musk

To say this I believe cryptocurrency is going to be positively influenced with the purchase of twitter by Elon musk. The hype is going to be more on the shoulder of twitter that now has a crypto ethusiast as the leader, this will definitely get more media networks to adopt crypto and bitcoin ads on their platform. Moreover crypto.com is already going to show up in the next FIFA world cup in Qatar.

[Markinzo]

Cryptocurrency currency owes it's wide range of popularity it has gained thus far to social media. The media has really exposed to many the essence of cryptocurrency to today's world entirely.

And one of such mostly is Twitter, one which has carried cryptocurrency on it's shoulder, am not sure there's anyone using Twitter that's not aware of cryptocurrency trading.

With it's transfer of ownership to a lover and promoter of cryptocurrency E. Musk, am sure the focus on cryptocurrency on Twitter will be one like no other with ads inclusive too, maybe.

Although the social media has been used in the past to demote the wide acceptance of Bitcoin and other altcoins too, it has done much good than harm.

[Hydrogen]

In a world where advertisers payout millions to advertise their product during the NFL superbowl and consider it a good deal.

It definitely makes sense to leverage the free advertising capacity offered by social media and the internet. There are crypto tokens I have seen who did not have a good product who succeeded in inflating their market value far beyond what it should have been with clever adbot campaigns. The power of the internet and viral marketing campaigns definitely cannot be denied.

Floyd Mayweather was involved with ICOs. Mike Tyson owned bitcoin ATMs. Partnerships with celebrities appears to be a solid strategy for crypto tokens and coins getting their name out there.

[Jating]

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?

Doesn't matter if someone will take bad on other projects, maybe those influencers are not on that project's payroll/bandwagon. Or they have a different investments so they will sway his followers against other projects.

I did say that it doesn't matter because it is still up to us whether to believed what has been said or put up on social media. Because if you will just listen to those to make decisions as far as your investing goes, then something is wrong with you.

[Scripture]

Social media helps cryptocurrency to become more exposed to the world, despite of so many FUDs and scammers online, it still helps this platform to be recognized by many. I can't imagine Bitcoin without social media, maybe if there's no platform like this many are still not able to access good financial system. Just analyze every post you see online, and understand if its legit or not because of so many phishing site that you might expose if you accidentally click it so be careful.