The Relationship between social media and Bitcoin

[Bruce4]

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

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[bittraffic]

The ICO guys learned all these a long time ago and they have been promoting new projects on social media sites. It's only now that regular people heard of BTC on mainstream media where BTC is now validated as a real investment. Social media serves as a platform for marketing projects.

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

[BIT-BENDER]

Firstly mate I advice you make you post by trying to and paragraphs and some spacing, it's all clustered together and can be irritating to read

It's true that social media has had a role to play in the evolvement of crypto-currency, it has also had it's positive impact and also it's negative impact on crypto-currency. Social media platform like telegram has been used to carry out various crypto-currency activities. Project owners has created communities on telegram, also those who render there service that's crypto based has also used this platform. Let's not forget that scammers has also made use of this platform to carry out their own activities.

Many crypto-currency influencers are seen on social media platform like Twitter, Facebook and even YouTube some has caused FOMO, FUD, Panic, also some has been able to share knowledge that was very helpful to people.

The bottom line is that we are in a world that is technically advancing and technology is changing the world so social media would always be relevant but it's time we also build up characters and habits that would also protect ourselves from the vices on the social media.

[Fiatless]

Social media have been a channel for the advertisement of bitcoin and other crypto. This is why the majority of people involved in crypto are mostly youth. The youths are very active on social media and they are more open to new ideas. We are aware social media is used to spread the good and bad. It has also been a platform for the spread of FUD and scam projects. Hackers use social media to spread viruses and other harmful applications. But we can not deny that the social media have been very helpful to the industry.

One area that social media have affected the industry positively is the area of Bitcoin education. YouTube is now a center to get quality information about Bitcoin and other coins. There are also good classes or lectures on other social media platforms. We also have different helpful forums and communities that have also contributed to the growth and development of the industry. But we should always verify the information we get from these platforms because some of them are highly deceitful.

[hd49728]

However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity

Social media costs us more time every day and it is social media addiction that is popular.

With cryptocurrency, social media helps to spread news very quickly on Twitter. It's hard for newbies to control their emotion and actions when they read good and bad news. They even don't have enough time to sit down, calm down and analyze news they read are true or fake.

I think I am not wrong to say most of them are altcoin investors, altcoin traders or Bitcoin traders. If you are Bitcoin investor, you will not care too much about news and social media. Being a holder will not require you to use social media like Twitter too much.

If you are wise, you can use social media to assess market sentiment and plan to enter or exit the market.

Be fearful when others are greedy, and greedy when others are fearful

[Faisal2202]

Internet is being revolutionized from state to state. For example, first it was pre-internet (human to human) then it became internet of content then internet of services then internet of social media and now it is revolutionizing to internet of things. The point is, social media is one of the main source for every ordinary and obscure person, project and service of a person to become famous. Mean social media is all about advertising and main purpose of it has become to lure users to something attractive (like money, girls, or any kind of phishing scam attempt).

There comes BTC too, news are mostly observed and shared through Social media where many influencers try to manipulate the market with there pessimistic and optimistic opinions. Which put positive and negative impact. But, i did not see bad impact of fake news on BTC in compare to other alts. No doubt BTC is not fud proof but it has lesser impact from social media in terms of negativity.

[SmartGold01]

There's no doubt that social media plays essential roles in our lives and to the entire cryptocurrency market but we also have forgotten the negative implications of it and how it has damaged many home and relationship, people lost their investment due to inappropriate detailing of information and to get it from a reliable source had made many peoples lifes in a living hell. For instance, you might be active on social media while having important thing to doing inside instead of to focused one might end up being distracted.

Social media also affects newbie's investors meaning they might get a fake news on media thinking it's an automatic information, like for an example, a famous influencer tweets about a particular coin and tokens people might rush to buy such token or coin without knowing that it was just a trap planned for people to fall prey, after they might have invested heavily the project may end up sinking leaving people with regret.

Sometimes there are fake news flying all over that may cause you to panic and sell or even making bitcoin price to soar or dip. Media is something we can't do away from our lives because it's an important part of our living but in as much as that we should be able to simplify and scale out the weaning parts of it otherwise we might ends up witness the bad parts of it.

[KiaKia]

You are absolutely correct but let's not forget that what people are saying on the social media also have other hurtful agenda, if we can use social media to spread news about how wonderful Bitcoin investment can be, then we can also use this same social media to lure people into money traps and steal from them.

Instead of doing your own research on anything you decide to listen to people and make decision on what you are been told, it's the same way the media is brainwashing the masses, it's the same way religions are use to put millions of people in sleeping state where they don't know what's going on and yet same religion is the cause of major wars happening in the world since years ago.

The best advice I can give anyone is never make investment decisions based on what you are been told, learn to do your own research on your own, and remember that it's easier for bad actors to teach, they are doing it because it's favoring them one way or the other.

It's possible that they plan to use you.

[Ucy]

It's about Power. You need a lot of it to influence the price of Bitcoin thesedays.

It's not really the social media. It's actually about a person or people with sufficient Power to influence the price of Bitcoin/crypto. They are the people you need to watch or observe to see how their words, deeds, mood, etc can actually influence price. How many of such people are active or popular on social media? Most likely zero. The owners of the social media wouldn't like them as they are typically independent minded, do not speak like the crowd, have high knowledge and understanding, hence could be suppressed, suspended or banned. The media owners could only give them that privilege in order to take advantage of their Powers.

If the media owner hope to utilize the power of Bitcoin/crypto users to power up the price, it will need just one or few people with sufficient power. The powers of the collective or a majority of Bitcoin/crypto people with little to no power won't be sufficient. They probably need to be trillions × trillions in number to be enough.  It requires enormous amount of Power that can only be found in people you could consider the real Heads who are gifted with really high IQ. They are incredibly few in number and are people with gift of light from the CREATOR of the Universe... The brighter their lights the higher the Power

[Lorence.xD]

You are absolutely correct but let's not forget that what people are saying on the social media also have other hurtful agenda, if we can use social media to spread news about how wonderful Bitcoin investment can be, then we can also use this same social media to lure people into money traps and steal from them.

Instead of doing your own research on anything you decide to listen to people and make decision on what you are been told, it's the same way the media is brainwashing the masses, it's the same way religions are use to put millions of people in sleeping state where they don't know what's going on and yet same religion is the cause of major wars happening in the world since years ago.

The best advice I can give anyone is never make investment decisions based on what you are been told, learn to do your own research on your own, and remember that it's easier for bad actors to teach, they are doing it because it's favoring them one way or the other.

It's possible that they plan to use you.

Exactly, social media could be a good thing to spread news worldwide for everyone to get information. But it doesn't mean it would only aim for the good thing, of course there would be a negative effects as you've mentioned like scams. Plus if we could look into the new generation nowadays where they are already connected to media, I have observed their behavior which most of them are from the social media, it influence them to do things despite the age. It's the same way from the Bitcoin, if you're gonna follow something online despite the there's no fact check and having a background check then probably you could get scam. Good thing to do in situation like this is to invest to yourself with knowledge, we're knowledgeable enough to differentiate fake information by just the sources.

[Yatsan]

You are absolutely correct but let's not forget that what people are saying on the social media also have other hurtful agenda, if we can use social media to spread news about how wonderful Bitcoin investment can be, then we can also use this same social media to lure people into money traps and steal from them.

Instead of doing your own research on anything you decide to listen to people and make decision on what you are been told, it's the same way the media is brainwashing the masses, it's the same way religions are use to put millions of people in sleeping state where they don't know what's going on and yet same religion is the cause of major wars happening in the world since years ago.

The best advice I can give anyone is never make investment decisions based on what you are been told, learn to do your own research on your own, and remember that it's easier for bad actors to teach, they are doing it because it's favoring them one way or the other.

It's possible that they plan to use you.

Exactly, social media could be a good thing to spread news worldwide for everyone to get information. But it doesn't mean it would only aim for the good thing, of course there would be a negative effects as you've mentioned like scams. Plus if we could look into the new generation nowadays where they are already connected to media, I have observed their behavior which most of them are from the social media, it influence them to do things despite the age. It's the same way from the Bitcoin, if you're gonna follow something online despite the there's no fact check and having a background check then probably you could get scam. Good thing to do in situation like this is to invest to yourself with knowledge, we're knowledgeable enough to differentiate fake information by just the sources.

Social media has no direct responsibility of those scam instances but bad people's intention. Ofcourse it would be hard to determine which one but social media is jist a platform. Messages or contents running through it depends on who creates it and who reads or absorbs it. Scams would remain accusation until it really happened. Generalization and stereotype on the other hand are things which are not tolerated in any field of investment. If Social media is being used to take advantage of those who are naive of this industry, then people should be the one to make an adjustment. Indeed if one is equipped with knowledge, no matter what platform that is  unfortunate events of such won't have any room to take place.

[Husires]

Bitcoin did not spread because of social media, but rather because it provided a solution to an economic problem, whose features began to appear in the year 2008 accompanying the mortgage crisis, urging that Satoshi did not pay much to promote this technology, unlike what is happening now, for example, TikTok paid more than a billion dollars in one year To promote and advertise, something that has not happened in the history of Bitcoin.
If your service is good and solves a problem, it will be lucky to spread for free.

[John Abraham]

Bitcoin did not spread because of social media, but rather because it provided a solution to an economic problem, whose features began to appear in the year 2008 accompanying the mortgage crisis, urging that Satoshi did not pay much to promote this technology, unlike what is happening now, for example, TikTok paid more than a billion dollars in one year To promote and advertise, something that has not happened in the history of Bitcoin.
If your service is good and solves a problem, it will be lucky to spread for free.

Social media was not popular back then. People used to use email and forums for discussion. Nowadays, everyone uses social media and can use Bitcoin easily. But old timers had to understand many things to run Bitcoin Node to use Bitcoin. I believe they adopted Bitcoin because they understand the importance of privacy. Now most newcomers use Bitcoin to make money only.

[Zaguru12]

Social media also affects newbie's investors meaning they might get a fake news on media thinking it's an automatic information, like for an example, a famous influencer tweets about a particular coin and tokens people might rush to buy such token or coin without knowing that it was just a trap planned for people to fall prey, after they might have invested heavily the project may end up sinking leaving people with regret.

Exactly social media is a place where scams are spread easily because if the gen z are lazy to actually varify anything and the problem is they idolizes this so called investors and once a promotion is spread through it, they accept it just like that. I would say social media has help the circulation of news or growth of technology but one area it is hurt is the area where new generation are becoming more lazy for research which makes it easier for Ponzi schemes to grow.

Instead of doing your own research on anything you decide to listen to people and make decision on what you are been told, it's the same way the media is brainwashing the masses, it's the same way religions are use to put millions of people in sleeping state where they don't know what's going on and yet same religion is the cause of major wars happening in the world since years ago.

I don’t blame social media base on this effect but rather the people that fall into this trap. Even when it wasn’t rampant scam projects or Ponzi schemes where spread because people are just greedy to get rich quick not that they don’t varify information but they just want to try them out and that is why there various crypto scam projects are continuing to be developed and still get investors. Take this forum for example upon all the efforts spread for people not to engage in deals with some forum members you still find people being scammed by those users simply because of greed.

However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.

I would say social media has had great impact on just spreading awareness of cryptocurrency and has impact on Altcoins because of the Airdrops, ICO news spread there but as for bitcoin they certainly do not have any impact rather it spreads just short term FOMO or FUD. The likes of Musk can’t impact a bull run on market just like you started this things they do is just FOMO. Most of these social media influencers buy bitcoin during halving period because they know it is going to pump and most people think it is them impacting the price.

[rachael9385]

Social media have been a channel for the advertisement of bitcoin and other crypto. This is why the majority of people involved in crypto are mostly youth. The youths are very active on social media and they are more open to new ideas. We are aware social media is used to spread the good and bad. It has also been a platform for the spread of FUD and scam projects. Hackers use social media to spread viruses and other harmful applications. But we can not deny that the social media have been very helpful to the industry.

One area that social media have affected the industry positively is the area of Bitcoin education. YouTube is now a center to get quality information about Bitcoin and other coins. There are also good classes or lectures on other social media platforms. We also have different helpful forums and communities that have also contributed to the growth and development of the industry. But we should always verify the information we get from these platforms because some of them are highly deceitful.

Yes you are correct mate, social media is the most easiest place to learn about Bitcoin and other things, platforms like YouTube, Instagram, tiktok, and a lot more talking about YouTube, many things are been learnt over that social media platform you can learn how to cook, watch football highlights, watch how to buy Bitcoin and other crypto currencies, a thousand of people recently know about Bitcoin through advertisement from social media, if we observe very well, we will know that those places were people doesn't know about Bitcoin are the locality that does not have a good network system and this is make Bitcoin to spread slowly is those areas.

[Accardo]

The ICO guys learned all these a long time ago and they have been promoting new projects on social media sites. It's only now that regular people heard of BTC on mainstream media where BTC is now validated as a real investment. Social media serves as a platform for marketing projects.

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

I think they're still utilising social media like Twitter to shill tokens, but what marvels me is the activities happening on the accounts. They run bots on their tweets, you can see an account of 9k followers hitting 100k likes in almost every tweet. They've taken over the #bitcoin. When I looked up bitcoin on the search bar all I could see was tweets with massive impressions, looked them up and found the accounts were fake and bots, I don't think Elon musk is eradicating bots in any way. It marvels me how these crypto projects manipulate twitter to con naive people.

[RewFrew]

There are big relationship between social media and Bitcoin i believe it.Because i think social media is strong part for Bitcoins rise up. Not only Bitcoin all cryptocurrency spread world wide speedy for social media. Cryptocurrency companies are promoting currency on social media. We know Bitcoin has been promoted in many social media so many people knows about bitcoin and they investing on Bitcoin. Twitter and Instagram are mostly using to promote Bitcoin. Many big big influencer are promoting Bitcoin and other currency on their social media platform so Bitcoin and other cryptocurrency begin popular speedly

[mendace]

I absolutely agree, without social media Bitcoin and all other Cryptos in general would be short-lived.  Do you think that to make Bitcoin known, we moved from a mailing list to a forum to expand the public, then there was the advent of Telegram and Twitter, Reddit, Instagram... social media have contributed and will continue to contribute to growth of Bitcoin on the other hand is the only way of communication to the mass.

[ChiBitCTy]

Social media is both a blessing and a curse when it comes to cryptocurrency.  I'm not sure which it's more of though, however.  It's great because it's how word spreads, and how so many people simply first heard about "bitcoin/crypto".  That said, most of the information out on social media about bitcoin and crypto is straight trash.  I can't imagine having educated myself about bitcoin through Twitter or Facebook.  This is where all that bullshit like bitconnect gets built up.

It's a catch 22 I suppose.

[Asiska02]

Your points are valid and I agree with all what you’ve said about the relationship between social media and Bitcoin. In this 21st century, no business have thrive and gone far beyond imagination without the help of the social media platforms. It has create a more enabling environment for people to advertise and sell their products instead of being dependent on mainstream media outlets.

The level of dissemination of news on social media has gone far that it reaches millions of people more in seconds and can be directed to a particular demography through sponsored posts on those social media platforms. The disadvantage still remains that it can also be used as a tool to spread incorrect and misleading news where those platforms cannot authenticate how genuine the news are before allowing them to go viral.

[alastantiger]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Social media has played massive role in bitcoin adoption, price, policy changes in countries, regulation and so on. We cannot underestimate the power of social media. It has been used to spread both correct information and misinformation about bitcoin. It was through social media that we saw real example of people who make it through bitcoin. Social media has created one of the largest bitcoin communities for networking and others. And it is the best platform to catch up on the latest with bitcoin. It is very powerful. Even the government knows it.

[panganib999]

The ICO guys learned all these a long time ago and they have been promoting new projects on social media sites. It's only now that regular people heard of BTC on mainstream media where BTC is now validated as a real investment. Social media serves as a platform for marketing projects.

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

I’ve stumbled upon bitcoin not on a social media site but something that is close enough. Gathered enough information about it, and from there my cryptocurrency journey commenced. While I strongly believe that social media’s still the best avenue for people to learn about bitcoin, especially nowadays when bitcoin’s more prevalent in social media like Facebook and twitter, I believe that any other medium as long as it conveys the point across nicely will still be as effective as any other method there is.

[Ale88]

Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

For sure social media have a lot of power and influence because there are a ton of people who just blindly follow their idols, so no matter the shit they suggest, they are going to do as they say. The problem, for this kind of people, is that they can't make money out of bitcoin so usually they prefer to "suggest" some shitcoin that is clearly a scam. Very few people actually do a good job promoting bitcoin, all the others have some kind of conflict of interest and they just want to make as much money as possible.

[South Park]

The ICO guys learned all these a long time ago and they have been promoting new projects on social media sites. It's only now that regular people heard of BTC on mainstream media where BTC is now validated as a real investment. Social media serves as a platform for marketing projects.

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

I’ve stumbled upon bitcoin not on a social media site but something that is close enough. Gathered enough information about it, and from there my cryptocurrency journey commenced. While I strongly believe that social media’s still the best avenue for people to learn about bitcoin, especially nowadays when bitcoin’s more prevalent in social media like Facebook and twitter, I believe that any other medium as long as it conveys the point across nicely will still be as effective as any other method there is.

Social media could be the place where the new generations will most likely encounter some information about bitcoin, but I do not think that is the best place to learn about it, after all social media is full of misinformation about all topics and the same is true for bitcoin, while at the same time social media websites are full of scammers and bots promoting all kind of coins which could very quickly deviate a person from bitcoin into shitcoins, and make them lose a massive amount of money this way.

[ImThour]

If you follow Crypto Twitter, you will realize that the big whales and players with more followers move the market on the way they want it to be. They open short position and share it within their groups with thousands of people and each of them open position shortly after, making the OP huge profits on each trade and then they say they knew it. It's crazy. I wish I had 100k followers so I could do the same xD

[worle1bm]

Social media have been a channel for the advertisement of bitcoin and other crypto. This is why the majority of people involved in crypto are mostly youth. The youths are very active on social media and they are more open to new ideas. We are aware social media is used to spread the good and bad. It has also been a platform for the spread of FUD and scam projects. Hackers use social media to spread viruses and other harmful applications. But we can not deny that the social media have been very helpful to the industry.

One area that social media have affected the industry positively is the area of Bitcoin education. YouTube is now a center to get quality information about Bitcoin and other coins. There are also good classes or lectures on other social media platforms. We also have different helpful forums and communities that have also contributed to the growth and development of the industry. But we should always verify the information we get from these platforms because some of them are highly deceitful.

But in reality the most of youtubers these are getting paid and they don't actually talk about Bitcoin but the altcoins or new projects coming up they are trying to promote no matter how much people lost after that.There are some other resources to learn from instead of getting influenced by them.I would say there are knowledgeable videos also present there but you would have to filter them out and check what they are saying instead of blindly following them up.

[mindrust]

People that have business-oriented minds see social media a lot differently than the regular folks. Most people see social media as a way to make new friends… but, it is also a great way to promote sales. Having a social media account with thousands of active followers is like having a restaurant at the heart of a big city. You will simply print money. So if you have a good crypto-related product, social media is the #1 way of attracting potential customers. However, Quality don’t come cheap. You have to work real hard to build a social media account or you can pay Zuck and he will make an ad for you.

[KingsDen]

Op, if you are following this post, try to write in segments so that it will ease the eyes to read. I read your write up with scanning pattern because the formatting is not pleasant to the sight.
I have stopped seeing social media like one arbitrary or imaginary creation existing. I am now seeing social media as a house holding billions of people together and those billions of people is the market everyone seek for. If you can create an online community that believes you and your brand, that is your market.
So, social media helps bitcoin adoption, it is the highest tool bitcoin has utilized in her adoption journey.

[isaac_clarke22]

  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

You got a point there, Bruce4, but the problem is the reaction of people to social media where they rely too much into it. Remember that everyone has their own freedom to create any sort of news around social media whether it's paid or not.

And this is why when it comes to crypto, I usually steer clear of social media sites. I still have some couple of pages related to crypto news followed there, but I almost always take it with a grain of salt.

I have stopped seeing social media like one arbitrary or imaginary creation existing. I am now seeing social media as a house holding billions of people together and those billions of people is the market everyone seek for. If you can create an online community that believes you and your brand, that is your market.
So, social media helps bitcoin adoption, it is the highest tool bitcoin has utilized in her adoption journey.

Kinda same and that's why I stopped interacting with people there. Can't relate to most of those rich guys there.

[SatoPrincess]

I have stopped seeing social media like one arbitrary or imaginary creation existing. I am now seeing social media as a house holding billions of people together and those billions of people is the market everyone seek for. If you can create an online community that believes you and your brand, that is your market.
So, social media helps bitcoin adoption, it is the highest tool bitcoin has utilized in her adoption journey.

Yeah I think social media is great tool for marketing and promoting oneself or brand. But a lot of people see social media as a place to post nice things and luxurious lifestyle, they neglect to monetize their online presence and activity. Social media has definitely helped bitcoin adoption in its own way, even if the news about bitcoin hasn’t always been positive, and the intent may have been to paint bitcoin in a bad light, bitcoin has become a household name, like they say “any publicity is good publicity”.

[Wimex]

Totally true, social networks caused a great impact on basically everything. What someone important comments or thinks influences the reaction of other people who see that publication. This is how today's society is, everything revolves around the Internet, and its use has been modernized so much that even the news that was distributed every day in what is known as a newspaper was disseminated through it. And despite the fact that it can have its disadvantages and misuse, it is not so bad, because, for example as you say, this is how bitcoin was able to reach more people and it is through this means that it continues to be discovered. ,I have been quite surprised by the amount of news that talks about the incorporation of this asset, and what happens to its value. The network reaches every corner of the world, and that must be taken advantage of, the more influences speak about this incredible currency  the more demand we will have  and therefore bitcoin will become stronger.

[goldkingcoiner]

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

Bitcoin does not need social media but it does need the social interaction between humans, and social media is a very useful modern tool for that. So yes, the so called intrinstic properties of Bitcoin, especially its value, do get inflated thanks to social media bringing more attention to it.

I think that a combination of social media and finance is a double edged sword though. There is too much misinformation, too many scams and too much manipulation of community thought.

This is, I believe one of the many reasons why 2017 was the year when ICO scams started booming. Anyone can buy 100k followers and make it look like their company is making huge profits, just to lie to potential investors.

[serjent05]

Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

It is not news that social media is powerful.  It is the platform of where people gather online, so any promotion using social media will be easily broadcasted to all users especially if the promoter pays for exposure. Social media had already played a significant role not only in promotion but also in the marketing of the Bitcoin industry.

[CryptSafe]

Social media can not be overlooked in this modern-day world. It has played vital roles in many ways from advertising to information dissemination, makings friends and connecting worldwide, etc.  To the best of my knowledge, social media seems to be the outstanding means of promotion in this current day dispensation for instance, most projects that rose to stardom did promote their projects here, and virtually no project would testify of not using social media trying to build their product and community. Social media is the next to reaching out to the followership of every project through the constant update and also fielding questions from prospective clients and possible consumers and end users.

I am of the opinion that social media played a good role in announcing the presence of Bitcoin's inception. If a survey is to be done now on how people got to know about Bitcoin I believe the majority of the response would definitely point towards social media as their first encounter before possibly being told about it by a friend or family member. I myself am a witness to it as I had a similar experience as I initially explained. Moreover, exchanges did their promotional content on social media which also incorporates the exchange and swap of native tokens, fiat, and other currencies for bitcoin. All this awareness was done through social media. Which I believe they saw as a strategic marketing tool for letting the world know about their presence and the services they rendered which also includes bitcoin trading and storage.

Although there are other negative aspects of it too which has caused more harm than good in the society. FUDs, Scams, Hate speech, etc have been brought to the detriment of the masses through social media which has not gone down well with many. Lives were lost and properties destroyed as a result of social media hype. All these put together are also effects of social media in the world today.

[DapanasFruit]

I first heard Bitcoin in particular and cryptocurrency in general via social media or Facebook to be specific. Without the socmed, I don't think cryptocurrency will be as known as we have today. And all of these things opened up all because of the internet, of course. I am sure that social media will continue to be a big influencing factor in the march of Bitcoin into the mainstream population so that one day we can witness BTC pushed into higher heights ultimately reaching a million dollar value whenever that can be.

[xSkylarx]

I first heard Bitcoin in particular and cryptocurrency in general via social media or Facebook to be specific. Without the socmed, I don't think cryptocurrency will be as known as we have today. And all of these things opened up all because of the internet, of course. I am sure that social media will continue to be a big influencing factor in the march of Bitcoin into the mainstream population so that one day we can witness BTC pushed into higher heights ultimately reaching a million-dollar value whenever that can be.

I discovered this forum on Social media, which was posted in some groups, but with Bitcoin, I discovered it in Google searches in some website tutorials, though right now most of the new people have for sure discovered bitcoin on social media, as everywhere people are talking about it, especially when the last ATH happened, a lot of people were talking about it, which led to others discovering it. Social media is a really big factor in anything as it can make you discover things, and the adoption of bitcoin would also be bigger as it is also a source of information.

[peter0425]

The only relation of social media to bitcoin from what I have seen is the scamming part , because majority of being broadcast in social media in the past and even now are ICO,IEO and other related thing that only seen investors to be scammed.
as the legit project will use not only social media but other platform instead that will give understanding from true investors and team.\

[Captain Corporate]

I guess not having anything even remotely close to social media about bringing people together is the main drive social media has. We can talk with people who are interested in the same things as we do, doesn't have to be people who we agree with, it just has to be people who we have something in common. You could be interested in politics for example, and you could be rooting for different people but at least you can argue and talk about it, but if you have nobody around you that is interested then you can't even talk about it. Social media allows both startups and business' to reach to their customers as well after the sale, if I buy a shirt from a store, I can't just go back there and talk to them everyday, but I can tweet about any problem or like I have and they can see that. Long story short, social media brings the world together. And bitcoin is another topic in that world, just like politics, just like sports, just like movies, bitcoin is there to be talked by people and sometimes it helps, sometimes it hurts.

[Onyeeze]

From I have noticed the relationship between bitcoin and social media is strong bond and its what is making bitcoin to well known, do we know that without the knowledge or help of internet bitcoin won't have gotten population or being influence to the world, so what is making bitcoin to dominate today is as a result of internet and their nothing can not help to uplift if you make a serious campaign about the stuff on internet, right now a country that doesn't know bitcoin is a country that doesn't make internet and that means theirs no effective mobile communication in such country, myself I first heard of bitcoin through a social media and when I noticed bitcoin I started to browse about bitcoin and functions mostly the important of bitcoin

[Kakmakr]

Social media can have both "good" and "bad" influences on the Bitcoin price and it's success. It takes only one bad post from a well-known influencer for the speculators to run for the hills and to dump their coins.

We are currently seeing that with all the things that are happening with Binance and the SEC. A while ago, Elon Musk said something bad about Crypto currency investments and the price went down.

Elon Musk use social media to push his own agenda and he has been warned not to manipulate markets with his Tweets.  

[dansus021]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Totally Agree social media is a powerful weapon even kids nowadays watch phones like crazy, Im adult but yeah Im watching phone like crazy too Good news till bad news about crypto is on social media so that its why social media and cryptocurency is just like a friend

and become one of the biggest tool to promote new coin/token. even myself scrolling tweets to see some newest crypto news

[Blitzboy]

Social media can not be overlooked in this modern-day world. It has played vital roles in many ways from advertising to information dissemination, makings friends and connecting worldwide, etc.  To the best of my knowledge, social media seems to be the outstanding means of promotion in this current day dispensation for instance, most projects that rose to stardom did promote their projects here, and virtually no project would testify of not using social media trying to build their product and community. Social media is the next to reaching out to the followership of every project through the constant update and also fielding questions from prospective clients and possible consumers and end users.

I am of the opinion that social media played a good role in announcing the presence of Bitcoin's inception. If a survey is to be done now on how people got to know about Bitcoin I believe the majority of the response would definitely point towards social media as their first encounter before possibly being told about it by a friend or family member. I myself am a witness to it as I had a similar experience as I initially explained. Moreover, exchanges did their promotional content on social media which also incorporates the exchange and swap of native tokens, fiat, and other currencies for bitcoin. All this awareness was done through social media. Which I believe they saw as a strategic marketing tool for letting the world know about their presence and the services they rendered which also includes bitcoin trading and storage.

Although there are other negative aspects of it too which has caused more harm than good in the society. FUDs, Scams, Hate speech, etc have been brought to the detriment of the masses through social media which has not gone down well with many. Lives were lost and properties destroyed as a result of social media hype. All these put together are also effects of social media in the world today.

Indeed, social media has been a key player, but let's not forget the transformative tech at Bitcoin's heart – blockchain. Its potential stretches far beyond just digital money. Like social media, Bitcoin democratizes power and nurtures worldwide links, painting a picture of our interconnected digital age.

Exchanges smartly utilized social media's broad reach, enticed by Bitcoin's glittering prospects and the exciting rush of trade. The blend of high-tech and easy access was too alluring to resist.

However, every silver lining has a cloud. The negative aspects you've pointed out are the unfortunate flip side of social media. These challenges arent exclusive to Bitcoin or blockchain. They mirror wider societal issues. Lets not let these cloud the hopeful future that Bitcoin and blockchain herald.

[bluebit25]

Social media has become an important tool in promoting, educating and motivating users interested in btc and cryptocurrencies in general. Social media platforms like TW, RED, YT, Tiktok,... provide a space to share information, opinions, and experiences about btc. This makes it possible for users to stay up to date with the latest news, discuss with the community, and gain knowledge about cryptocurrencies. But it should also be noted that through social media, information about btc can be distorted or spread rapidly, affecting prices and user behavior. Any change in posts, critiques, or announcements from celebrities, big investors like Elon can create huge swings in the value of btc. Therefore, users need to have vigilance and the ability to analyze information to make smart investment decisions, not everything that is spread has a good purpose.

[CryptSafe]

Social media can have both "good" and "bad" influences on the Bitcoin price and it's success. It takes only one bad post from a well-known influencer for the speculators to run for the hills and to dump their coins.

We are currently seeing that with all the things that are happening with Binance and the SEC. A while ago, Elon Musk said something bad about Crypto currency investments and the price went down.

Elon Musk use social media to push his own agenda and he has been warned not to manipulate markets with his Tweets.  

You are right Sir. Social media can be used as well to manipulate the market with fud through celebrities and  others. Celebrities with large followership tends to use that as an advantage to persuade or convince their followers through their social media handle to control market trend and to draw attention to products as well.

Big celebrities do this often times and are mostly sort after by big companies. Some of the companies make them brand ambassador because of their large social media followership so they could easily reach out to them. Crypto projects approach them too for promotion because of their large social media followership. So you can see that social media plays a vital role in creating Crypto awareness.

[Dunamisx]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Totally Agree social media is a powerful weapon even kids nowadays watch phones like crazy, Im adult but yeah Im watching phone like crazy too Good news till bad news about crypto is on social media so that its why social media and cryptocurency is just like a friend

and become one of the biggest tool to promote new coin/token. even myself scrolling tweets to see some newest crypto news

Despite that most of us here discover bitcointalk through the social media or websites and google search of any related keyword that goes along bitcoin, this is a digital currency that has to do with diverse opportunities and people like the fact it's informative and educative, with the use of this same social media we can have the bad and good experience out of it depending on how we were able to utilize it for our own good and benefit, and our children should rather be exposed to this as well when we feels it's more secure for their age.

[fuguebtc]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Totally Agree social media is a powerful weapon even kids nowadays watch phones like crazy, Im adult but yeah Im watching phone like crazy too Good news till bad news about crypto is on social media so that its why social media and cryptocurency is just like a friend

and become one of the biggest tool to promote new coin/token. even myself scrolling tweets to see some newest crypto news

Social media is not only a powerful weapon, but in my opinion, it has become an indispensable part of our lives. Not only does it have a positive/negative impact on bitcoin, but it affects our daily lives, it's almost impossible for us to stop using it. Social networks are an integral part of any business or individual, apart from the elderly and disabled, I don't believe anyone can survive without social networks. 
As for the cryptocurrency market, I see that social networks bring more benefits than harm, without a social network for us to share opinions freely, many people still do not know about the existence of bitcoin. I am also someone who knows bitcoin through social networks.

[UchihaSarada]

Social media is not only a powerful weapon, but in my opinion, it has become an indispensable part of our lives. Not only does it have a positive/negative impact on bitcoin, but it affects our daily lives, it's almost impossible for us to stop using it. Social networks are an integral part of any business or individual, apart from the elderly and disabled, I don't believe anyone can survive without social networks.

It is harmful, not helpful.

If you don use social media and read cryptocurrency news too much, you will not be panic and sale off your coin. Market sentimemt is contributed a lot by uncertain emotion and chaotic decisions of many people. They are uncertain and fearful because they read too much articles, tweets on social media.

When they turn off Internet, log out their social media accounts, they will feel better and they must watch the chart less often too.

[CryptSafe]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Totally Agree social media is a powerful weapon even kids nowadays watch phones like crazy, Im adult but yeah Im watching phone like crazy too Good news till bad news about crypto is on social media so that its why social media and cryptocurency is just like a friend

and become one of the biggest tool to promote new coin/token. even myself scrolling tweets to see some newest crypto news

Social media is not only a powerful weapon, but in my opinion, it has become an indispensable part of our lives. Not only does it have a positive/negative impact on bitcoin, but it affects our daily lives, it's almost impossible for us to stop using it. Social networks are an integral part of any business or individual, apart from the elderly and disabled, I don't believe anyone can survive without social networks. 
As for the cryptocurrency market, I see that social networks bring more benefits than harm, without a social network for us to share opinions freely, many people still do not know about the existence of bitcoin. I am also someone who knows bitcoin through social networks.

Indeed it is "indispensable part of our lives"  sir. These days, businesses rely solely on social media for strong advertisement and publicity. I remember back in the days before the inception of the social medias, people do go to the TV stations and radio stations for advertising and awareness which i believe not every body has because before one could get those gadgets, it cost much and they are not mobile but this current dispensation is no longer so compared to the past with your smartphone, you can view updates from any part of the world from your social media handle and as well make advert and promotional content online with no much stress. This is the point at which the social media has gotten to.

[Flexystar]

It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending.

In reality crypto associated technical talks only happen in the forums. The more technical you want the more relevant forums you should be looking at. Why to go far, just enter yourself in the technical sections of Bitcoin talk, and everything is enough to understand. There is so much knowledge that you always feel yourself distant from it.

While on the other hand, if you study what goes inside social media such as twitter, Instagram, YouTube, Facebook etc., then you will understand how irrelevant they go with their contents and how it is not the place to understand the crypto space. All they do is, publish some content just to get the views and get paid. Some literally go further and talk insane things which attract the crows just to see if it is real or fake. Just choose your media carefully.

[AicecreaME]

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment.

So in my opinion, social media is not the right place for someone to look for cryptocurrency tutorial, unless you know someone who'll guide you through it, and don't forget to be always cautious.

[btc_angela]

Social media is not only a powerful weapon, but in my opinion, it has become an indispensable part of our lives. Not only does it have a positive/negative impact on bitcoin, but it affects our daily lives, it's almost impossible for us to stop using it. Social networks are an integral part of any business or individual, apart from the elderly and disabled, I don't believe anyone can survive without social networks.

It is harmful, not helpful.

That's why we should learn how to read between the lines news that comes out from social media.

If you don use social media and read cryptocurrency news too much, you will not be panic and sale off your coin. Market sentimemt is contributed a lot by uncertain emotion and chaotic decisions of many people. They are uncertain and fearful because they read too much articles, tweets on social media.

When they turn off Internet, log out their social media accounts, they will feel better and they must watch the chart less often too.

Well you can read social media and not affected with the news and not panic at all. It might take years though and maybe lessons from the past that makes you not trust social media at all. You can just laugh it out when you see news that is not true as most of the crypto authors didn't validate any news.

So the best way to do is just follow official accounts, but still just be very cautious as well.

[xSkylarx]

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment.

So in my opinion, social media is not the right place for someone to look for cryptocurrency tutorial, unless you know someone who'll guide you through it, and don't forget to be always cautious.

It is also a scammers playground. It is better now to learn it via a forum like here or try to find an online tutorial that is legit. We can't really avoid scammers, but we should be cautious of anyone. That is why it is better if you have someone who knows crypto so that you will know where to start. Even if you've just asked a question in a group, it would be flooded with links as they are persuading you to join their ponzi schemes. What's really best about social media is that we can easily find information there, like news, that keeps us up to date.

[jeraldskie11]

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment. .

Actually, scammers were active even before social media was founded. Their objective is to identify a possible victim, particularly one who lacks knowledge. Because they can engage with others online, it will make easier for them to find a victim. But I completely disagree that social media is bad because it contributed to the success of Bitcoin. The social media in Bitcoin has both pros and cons, depending on how we look at it.

[CryptSafe]

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment. .

Actually, scammers were active even before social media was founded. Their objective is to identify a possible victim, particularly one who lacks knowledge. Because they can engage with others online, it will make easier for them to find a victim. But I completely disagree that social media is bad because it contributed to the success of Bitcoin. The social media in Bitcoin has both pros and cons, depending on how we look at it.

Social media is full of scammers for which we all know. Before the advent of social media, scammers do exist and dey do that face to face with their victims years before now not to talk of now when is some worth manipulative by them to get what they want without meeting with their victims face to face. Before one does anything financially related online one needs to be very sure and must have done his/ her own research before engaging so as not to cry foul in the entire end of it.
This makes social media two sided known for the good and the bad with advise of being careful on how you deal with strangers online.

[isaac_clarke22]

Social media is full of scammers for which we all know. Before the advent of social media, scammers do exist and dey do that face to face with their victims years before now not to talk of now when is some worth manipulative by them to get what they want without meeting with their victims face to face. Before one does anything financially related online one needs to be very sure and must have done his/ her own research before engaging so as not to cry foul in the entire end of it.
This makes social media two sided known for the good and the bad with advise of being careful on how you deal with strangers online.

To be fair, there are still locals around my area that uses social media to do some crypto transaction since not everyone here knows that this forum exists anyway. Considering that you can create so many accounts in social media sites like Facebook with fair interval without getting questioned, it's far more prone to scammers recurring over and over again.

Here in the forum, you cannot just make a new account and expect to victimize or scam people that easily considering that there are ranks and reputation system in here although I know that there were still reputated members in here that just went dark to leave other users to dust. You can't just really trust anyone online.

[ElmedoRator]

You need to remember that social media does not always provide accurate information and can lead to undesirable consequences in your investment decisions. Beware that information on social media can be confusing and unreliable, social media has the potential to greatly influence the cryptocurrency market, including Bitcoin. On social media, information about cryptocurrencies can spread quickly and can create a stimulus or interest in trading, investing or mining Bitcoin. Some pieces of information from celebrities like Elon Musk have created massive price swings for Bitcoin.  If you are interested in Bitcoin and want to understand the latest trends and information, join official Bitcoin communities, like Bitcointalk, official websites of crypto-related organizations or specialized group of experts. This helps you get accurate and reliable information about Bitcoin.

Remember that investing in Bitcoin and other cryptocurrencies is risky and requires careful research before making a decision. Use social media as a tool only to find out and update information, but always place an appreciation on an official and reliable source of information.

[Cryptomultiplier]

Social media had been a revelation for this age because it serves as a number one journalistic tool, which can reach every corner of the world with the right or wrong information with only just an access to a device and internet.
Both BTC and social media are technological innovations that has somehow transfered the power of reliance on major bodies/agencies that would normally offer these service and has put into the hands of the user/individual the power to use it to better their life's and businesses.

We are seeing more advancement in Web3, Metaverse and Blockchain. Not even news channels can deliver the right update as good as social media which is instant. Soon individuals would be more independent, both in earnings and dealings as P2P becomes more digital and personal than before.

For those who are crypto traders, what social media has done in terms of being a channel for providing whale signals and potential market shift analysis, makes the relationship between social media and BTC/crypto more than symbiotic.

[radjie]

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

Totally Agree social media is a powerful weapon even kids nowadays watch phones like crazy, Im adult but yeah Im watching phone like crazy too Good news till bad news about crypto is on social media so that its why social media and cryptocurency is just like a friend

and become one of the biggest tool to promote new coin/token. even myself scrolling tweets to see some newest crypto news

Despite that most of us here discover bitcointalk through the social media or websites and google search of any related keyword that goes along bitcoin, this is a digital currency that has to do with diverse opportunities and people like the fact it's informative and educative, with the use of this same social media we can have the bad and good experience out of it depending on how we were able to utilize it for our own good and benefit, and our children should rather be exposed to this as well when we feels it's more secure for their age.

Agree with that, some people I'm sure know this forum from various social media with similar search about Bitcoin. Even though there are also those who know about it from colleagues around them, to broaden their knowledge about cryptocurrencies of course by utilizing social media, as well as new projects using social media as the main marketing tool to attract more investors.

[Raflesia]

For this condition, I still feel that social media is only an option to introduce bitcoin, regardless of everything you say, in the end, this does not change the fact that whether or not social media exists, bitcoin will still be looked at in other ways, it's just that when talking about social media, maybe there are more things that can be obtained but it also depends on the user himself. Because what I know and feel right now is when it comes to social media, their algorithm is about what we're looking for or maybe what we like. when indeed we are interested in bitcoin then some references will appear but if we don't even know and never find out about bitcoin then it will also never be there for you because the algorithm is based on what you search for and like.

[armanda90]

Can't be separated the relationship between the media and Bitcoin, learned last three season when ICO project of cryptocurrency success sold out on public sell how enthusiastic promote on social media and make investor interested for investing there. Exactly has two impact and relationship between social media and bitcoin, when bad news publishing by media without few minutes price of bitcoin going drop. But instead when media publishing with positive news about bitcoin without few second bitcoin can reach up suddenly and looks fantastic the power of social media impact for bitcoin and cryptocurrency.

Hope one day later social media has good relationship with bitcoin and consistent publishing positive side and as soon possibilities hide with bad side from bitcoin.

[SatoPrincess]

Social media are full of scammers, even in a legit cryptocurrency group, scammers can't be avoided especially if your post obviously says you're a newbie that need a guide in cryptocurrency, trust me, your DM will be flooded by fake accounts who are offering you "help". Lot of people in social media always fall to ponzi schemes, or pyramiding investment, in short, those too good to be true kind of investment.

That’s just one of the cons of using social media, if you really look at it from an all round perspective you’d find the pros surpass the cons. Scammers are both online and offline, social media only enhances the ability of people to connect and increases one’s reach. Social media did not make scammers. I think it’s dumb to join a cryptocurrency group and make such posts without expecting scammers to dm you. People fall for ponzis and scams because of greed.

So in my opinion, social media is not the right place for someone to look for cryptocurrency tutorial, unless you know someone who'll guide you through it, and don't forget to be always cautious.

I disagree. In today’s world, you can learn a lot from the internet if you know where to look and are able to discern the real information from the bs. You can source information from YouTube videos and other websites like github and yours truly bitcointalk.

[CryptSafe]

Social media is full of scammers for which we all know. Before the advent of social media, scammers do exist and dey do that face to face with their victims years before now not to talk of now when is some worth manipulative by them to get what they want without meeting with their victims face to face. Before one does anything financially related online one needs to be very sure and must have done his/ her own research before engaging so as not to cry foul in the entire end of it.
This makes social media two sided known for the good and the bad with advise of being careful on how you deal with strangers online.

To be fair, there are still locals around my area that uses social media to do some crypto transaction since not everyone here knows that this forum exists anyway. Considering that you can create so many accounts in social media sites like Facebook with fair interval without getting questioned, it's far more prone to scammers recurring over and over again.

Here in the forum, you cannot just make a new account and expect to victimize or scam people that easily considering that there are ranks and reputation system in here although I know that there were still reputated members in here that just went dark to leave other users to dust. You can't just really trust anyone online.

No doubt their are many locals that do use social media to do their business publicity and it has been helpful to them in one way or the other and you can not trust anyone online and that calls for more caution when dealing with people online when it gets to do  business. One thing i like more of this platform is the safety one gets when dealing, scrutiny, and other exercise  that follows before one gets involved in deals or looking for services here. There is always open room for members to conduct their due diligence before getting  engaged with any vendor. That makes this platform very much unique and still to that extent there still scammers so one need to be extremely careful who they deal with here.

[darkv0rt3x]

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

[Smartvirus]

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

No doubt his powers with the media are as much as we have deemed it but, how could we not. I mean, his a successful person, an elite in the society and one of the very best. Most of all, he owns twitter and that’s some common grounds where the mighty and people of any status habit more often.

It’s not uncommon for people to crowd to him because, you hope to get something out of his knowledge and resource but that in turn has become more of a tool he could twist to his advantage. Make no mistakes, the masses amasses the wealth and that’s what we are, the masses.

[fuguebtc]

Social media is not only a powerful weapon, but in my opinion, it has become an indispensable part of our lives. Not only does it have a positive/negative impact on bitcoin, but it affects our daily lives, it's almost impossible for us to stop using it. Social networks are an integral part of any business or individual, apart from the elderly and disabled, I don't believe anyone can survive without social networks.

It is harmful, not helpful.

If you don use social media and read cryptocurrency news too much, you will not be panic and sale off your coin. Market sentimemt is contributed a lot by uncertain emotion and chaotic decisions of many people. They are uncertain and fearful because they read too much articles, tweets on social media.

When they turn off Internet, log out their social media accounts, they will feel better and they must watch the chart less often too.

Why are you afraid of such news if you already know how the market works and have enough faith in bitcoin? I am sure that once you fully believe in bitcoin, even if you read a lot of negative news, it will make you more excited because you will know that it is a good time for you to buy cheap bitcoins. Or you don't like buying cheap?

Do you think it's good for us to invest, but we don't keep up with the news and don't know what's happening? I'm not like you, constant news updates are a good thing because it allows me to predict where the market is going.

[adzino]

Wouldn't deny that there is a relation between social media and bitcoin. Let's be honest here, most people now received most of the information from browsing social media. Yeah, it can be a good source for gathering information, but sadly there are also information that people shouldn't buy easily. Most news there isn't "regulated" (unless it is political or someone "bought" them off with money or power), so you won't know if someone is spreading false information or not. And you know what, the social media posts likes to click bait people and attract users attention. And sadly, crypto currencies get more attention when there is something negative about it since the naysays love to say "told you so, its a scam" and it never affects the market in the long run. So yeah, there is a good and bad relation between social media and bitcoin. If someone famous tweets about a coin, very likely the price will go up or down.

[Juse14]

Can't be separated the relationship between the media and Bitcoin, learned last three season when ICO project of cryptocurrency success sold out on public sell how enthusiastic promote on social media and make investor interested for investing there. Exactly has two impact and relationship between social media and bitcoin, when bad news publishing by media without few minutes price of bitcoin going drop. But instead when media publishing with positive news about bitcoin without few second bitcoin can reach up suddenly and looks fantastic the power of social media impact for bitcoin and cryptocurrency.

Hope one day later social media has good relationship with bitcoin and consistent publishing positive side and as soon possibilities hide with bad side from bitcoin.

That's right, it cannot be denied that the reality of today's life cannot be separated from the so-called social media.

Social media users are increasing day by day, social media knows no age, old or young, entrepreneurs or ordinary people are all members of social media. this is what makes all companies inevitably have to enter social media to promote their products and including bitcoin.

And it's true that social media is very influential on everything, including the price of bitcoin.

[Wend]

Wouldn't deny that there is a relation between social media and bitcoin. Let's be honest here, most people now received most of the information from browsing social media. Yeah, it can be a good source for gathering information, but sadly there are also information that people shouldn't buy easily. Most news there isn't "regulated" (unless it is political or someone "bought" them off with money or power), so you won't know if someone is spreading false information or not. And you know what, the social media posts likes to click bait people and attract users attention. And sadly, crypto currencies get more attention when there is something negative about it since the naysays love to say "told you so, its a scam" and it never affects the market in the long run. So yeah, there is a good and bad relation between social media and bitcoin. If someone famous tweets about a coin, very likely the price will go up or down.

That's very normal, I mean, not just social media, but everything has a good side and a bad side. All are just tools to serve us, and using them for good or bad depends on each person's behavior. Like bitcoin, it is really good to use as a currency or invest in it to bring wealth to many people. But besides that, many criminals also abuse bitcoin to evade the government and cause a bad reputation for bitcoin. After all, it's all about human behavior, not bitcoin or social media's fault.

[Victorik]

For a fact, I learnt about Bitcoin from the social media, during the days of mmm, I got interested and started asking asking questions, and luckily for me a friend of mine was already into it, he guarded me and taught me how to buy and sell tokens, then and there, my crypto journey began.

So, the power and influence social media has on crypto currency can't be over emphasized.

[usekevin]

Social media had huge connections with the bitcoin and cryptocurrency now.Many good projects promoting their project in all the social media.Most probably it target the community like Twitter,Facebook in most of the well known social media.Many celebrities marketing their projects in the Twitter.Elon work on Dogecoin was huge impact on the twitter and most of the investors had some investment in the dogecoin.

[uneng]

Wouldn't deny that there is a relation between social media and bitcoin. Let's be honest here, most people now received most of the information from browsing social media. Yeah, it can be a good source for gathering information, but sadly there are also information that people shouldn't buy easily. Most news there isn't "regulated" (unless it is political or someone "bought" them off with money or power), so you won't know if someone is spreading false information or not. And you know what, the social media posts likes to click bait people and attract users attention. And sadly, crypto currencies get more attention when there is something negative about it since the naysays love to say "told you so, its a scam" and it never affects the market in the long run. So yeah, there is a good and bad relation between social media and bitcoin. If someone famous tweets about a coin, very likely the price will go up or down.

That's very normal, I mean, not just social media, but everything has a good side and a bad side. All are just tools to serve us, and using them for good or bad depends on each person's behavior. Like bitcoin, it is really good to use as a currency or invest in it to bring wealth to many people. But besides that, many criminals also abuse bitcoin to evade the government and cause a bad reputation for bitcoin. After all, it's all about human behavior, not bitcoin or social media's fault.

You said it all. Tools such as social medias are neutral tools and can be used for the good or bad, depending who is using it and what their purposes are. The bright side of the relation between social media and Bitcoin is the fact it encourages adoption of Bitcoin during bull runs, as the news get very positive and frequent on social medias, leading many potential investors to finally start investing, increasing BTC's demand, and consequently its price.

Without social medias, news regard Bitcoin would be more restrict and far from the public, because the mainstream media avoids talking about the digital currency.

[KingsDen]

I have stopped seeing social media like one arbitrary or imaginary creation existing. I am now seeing social media as a house holding billions of people together and those billions of people is the market everyone seek for. If you can create an online community that believes you and your brand, that is your market.
So, social media helps bitcoin adoption, it is the highest tool bitcoin has utilized in her adoption journey.

Yeah I think social media is great tool for marketing and promoting oneself or brand. But a lot of people see social media as a place to post nice things and luxurious lifestyle, they neglect to monetize their online presence and activity. Social media has definitely helped bitcoin adoption in its own way, even if the news about bitcoin hasn’t always been positive, and the intent may have been to paint bitcoin in a bad light, bitcoin has become a household name, like they say “any publicity is good publicity”.

It is undeniable that the internet has really helped bitcoin adoption. Bitcoin has no central authority and there is no fund being channeled for bitcoin promotion from anywhere, so the promotion of bitcoin lies in the hands of everyone. Bitcoin gains nice publicity in the internet during every bull run. This is the time that everyone and including newbies hear the testimonials of bitcoin and run into the bitcoin market.

But one funny thing is that many newbies at this period of time jump into the bitcoin market to buy the high, by the end of the cycle, bitcoin will dump on them and they will lose money.

[Franctoshi]

Bitcoin did not spread because of social media, but rather because it provided a solution to an economic problem, whose features began to appear in the year 2008 accompanying the mortgage crisis, urging that Satoshi did not pay much to promote this technology, unlike what is happening now, for example, TikTok paid more than a billion dollars in one year To promote and advertise, something that has not happened in the history of Bitcoin.
If your service is good and solves a problem, it will be lucky to spread for free.

I agree with you on this point because numerous technologies also came out alongside Bitcoin and have not gotten the popularity and adoption that today Bitcoin has because of its problem-solving. But on the other hand, we cannot dispute the fact that the existence of social media platforms has also played an important role in acting as a catalyst for the mass awareness and adoption of Bitcoin today.

[WatChe]

Can't be separated the relationship between the media and Bitcoin, learned last three season when ICO project of cryptocurrency success sold out on public sell how enthusiastic promote on social media and make investor interested for investing there. Exactly has two impact and relationship between social media and bitcoin, when bad news publishing by media without few minutes price of bitcoin going drop. But instead when media publishing with positive news about bitcoin without few second bitcoin can reach up suddenly and looks fantastic the power of social media impact for bitcoin and cryptocurrency.

Hope one day later social media has good relationship with bitcoin and consistent publishing positive side and as soon possibilities hide with bad side from bitcoin.

Both Social Media and Bitcoin are non-regulated, while the former one can be controlled up to some extent by there owners there is no way anyone can control Bitcoin. Having said that I don't think social media positive or negative news has much impact on price of Bitcoin, since we have seen many time bitcoin price going up without any specific reason and vice versa. There is a huge community of analysts and motivational speakers on social media and we cant say they all will say positive about bitcoin in future.

[erep]

It is undeniable that the internet has really helped bitcoin adoption. Bitcoin has no central authority and there is no fund being channeled for bitcoin promotion from anywhere, so the promotion of bitcoin lies in the hands of everyone. Bitcoin gains nice publicity in the internet during every bull run. This is the time that everyone and including newbies hear the testimonials of bitcoin and run into the bitcoin market.

We can conclude that social media interaction about bitcoin increases during the bullrun season because all eyes pay attention to the significant increase in the price of bitcoin, but some people like bitcoin because they understand the advantages of bitcoin and increase knowledge of crypto fundamentals without being affected by the bullrun season, so we must be enthusiastic about spreading bitcoin promotions to various social media to expand the connected crypto network to everyone in the world.

But one funny thing is that many newbies at this period of time jump into the bitcoin market to buy the high, by the end of the cycle, bitcoin will dump on them and they will lose money.

Some beginners are interested in testimonials from other people's portfolio profits without wanting to learn market analysis knowledge to buy BTC at low prices, the determination of beginners wants to get the same profit as pro traders but they don't know the strategy to buy at low prices and also don't know the high risks of investing in bitcoin

[mvdheuvel1983]

That which you wrote is accurate. The use of social media has increased global connectivity. It continues to be a tool for spreading propaganda, information, and the like. We rely on social media for the most recent and popular news and trends. That explains why we scroll endlessly on social media.

Social media has helped to grow the Bitcoin community and its user base significantly. People of different colors and socioeconomic backgrounds can be found talking about Bitcoin and sharing their individual experiences. It has been able to enhance Bitcoin usage from 2009 to 2023, which has led to a growth in market capitalization, which is one aspect of this that I appreciate.

[Ojima-ojo]

The ICO guys learned all these a long time ago and they have been promoting new projects on social media sites. It's only now that regular people heard of BTC on mainstream media where BTC is now validated as a real investment. Social media serves as a platform for marketing projects.
 

Ico and the rest of the shit corners indeed made massive use of social media to promote their various sche and gain the attention of the mainstream populace,  that is why they spend a lot on media promotion such as Twitter Facebook and Instagram promotion.

This promotion indeed helped to promote the entire cryptocurrency market in general but also it was a tool used by many of the scam teams to get to their gullible victims who were looking for investments that give 10x profits within a short period.

Most probably most people heard BTC for the first time on social media, not on TV or radio. The generation today doesn't even watch or read news on news sites but on social media.

When it comes to Bitcoin,  the first thing that comes to mind when cryptocurrency is mentioned is Bitcoin so at that, so any promotion that involves cryptocurrency projects is also indirectly promoting Bitcoin as well.

[The Cryptovator]

Honestly, there exists a strong connection between cryptocurrency and social media. Without social media, I wouldn't have come across cryptocurrencies, and I believe that 99% of people have had a similar experience of discovering crypto through social media. The widespread adoption of cryptocurrency was primarily made possible through social media platforms. Therefore, social media plays a significant role in influencing the crypto market. It is through social media that we receive news and updates about cryptocurrencies quickly and easily.

[AmoreJaz]

Honestly, there exists a strong connection between cryptocurrency and social media. Without social media, I wouldn't have come across cryptocurrencies, and I believe that 99% of people have had a similar experience of discovering crypto through social media. The widespread adoption of cryptocurrency was primarily made possible through social media platforms. Therefore, social media plays a significant role in influencing the crypto market. It is through social media that we receive news and updates about cryptocurrencies quickly and easily.

we can't deny such fact that social media boost the scope of crypto adoption. we can't eradicate them in the continuous proliferation of news about this market, which for me, is actually good. there is good and bad publicity and we can't stop them from reading any news over these media outlets. it is now on the hands of the people how they will filter such information, if it is legit or not.
and just a very good example, when elon musk started to use twitter to say something about doge, btc or crypto in general, for sure, some of these non-crypto followers started to ask about bitcoin or doge or crypto, and eventually, some of them become crypto enthusiasts. so yeah, we can't discard the impact of social media in terms of adoption.

[CryptoHeadlineNews]

Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

Yes, I agree with you on this very statement of yours about social media playing a major role in the adoption and price movement of Bitcoin ever since it go launched in 2009, and still playing a vital role today in it's use case such as being a medium where people interact, share news, latest update or even learn about how to buy their first Bitcoin, because I'm a witness to one of those who got introduced into Bitcoin through social media many years ago, and it's been a wonderful experience ever since.

[Alpha Marine]

Bitcoin did not spread because of social media, but rather because it provided a solution to an economic problem, whose features began to appear in the year 2008 accompanying the mortgage crisis, urging that Satoshi did not pay much to promote this technology, unlike what is happening now, for example, TikTok paid more than a billion dollars in one year To promote and advertise, something that has not happened in the history of Bitcoin.

I kind of disagree with this.
Bitcoin was not advertised, but you can't deny the impact social media has had on Bitcoin.
Most people on this forum were never introduced to Bitcoin offline. Most, including me, first heard about Bitcoin from social media.
People saw the need to use Bitcoin and unknowingly started advertising it by talking about it. A lot of this "talking" was done on social media.
Two truths can co-exist; Bitcoin became popular because it was an innovation that provided a solution, also social media helped in the spread of Bitcoin.

If your service is good and solves a problem, it will be lucky to spread for free.

This is also not entirely true. If this were true, multinational corporations won't invest millions of dollars in marketing alone.
No matter how good your service or product might be, you might still need to market it properly or else it will get nowhere.
The biggest companies in the world still advertise their products and services.
You can't use the exception of Bitcoin and a few other things to generalize this.
Please don't take that same energy to your business because you would most likely fail. companies like Nike and Google still investing heavily in marketing should tell you all you need to know.

[SatoPrincess]

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

No doubt his powers with the media are as much as we have deemed it but, how could we not. I mean, his a successful person, an elite in the society and one of the very best. Most of all, he owns twitter and that’s some common grounds where the mighty and people of any status habit more often.

Elon Musk caused a big stir in the market when he suddenly changed his tune from bitcoin to doge. I don’t think he was genuinely interested in bitcoin, afaik he only had exchanged some tweets with Michael Saylor at the time and said that he’s buying bitcoin, few months later he is saying bitcoin mining causes pollution.
Elon has a massive following and his followers will buy anything he promotes without doing their research, they have faith in the Elon because of his many successes and that blind faith causes them do act in a irrational manner.

Make no mistakes, the masses amasses the wealth and that’s what we are, the masses.

I’m not sure what you mean by the “masses amasses the wealth”, there are definitely more poor people in the world than there are wealthy folks. The poverty index across nations is rising every year, so forgive me if I don’t agree with you.

[lalabotax]

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the

There will be always bad and good impact on it. No wonder whatever it is  on social media.  we will really realize that Social Media is a very good platforms to promote or to introduced something to people generally. moreover right now, there are several social media that many people use the most. Many viral things happen in social media.
 But when you are telling people on social media about Bitcoin or criyptocurrency in social media, we must be aware and ready with the feedback that we will getting. Because there sare also so many baad  news about cryptocurrency. That is why wwe must have more efforts to make it good.

[serjent05]

Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

Yes, I agree with you on this very statement of yours about social media playing a major role in the adoption and price movement of Bitcoin ever since it go launched in 2009, and still playing a vital role today in it's use case such as being a medium where people interact, share news, latest update or even learn about how to buy their first Bitcoin, because I'm a witness to one of those who got introduced into Bitcoin through social media many years ago, and it's been a wonderful experience ever since.

Social media has connected millions of people in different countries.  They enable everyone to communicate in a centralized platform.  With that social media has been one of the most powerful platforms in terms of advertisement and marketing because the different audiences are already available.  With just one click, the adverts are getting published and everyone using the platform can view or be informed about it.  I think social media even beats the main stream media in marketing in terms of number of people being approached.  This is one reason why Bitcoin was promulgated even without the help of the mainstream media in its early years.

[darkv0rt3x]

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

No doubt his powers with the media are as much as we have deemed it but, how could we not. I mean, his a successful person, an elite in the society and one of the very best. Most of all, he owns twitter and that’s some common grounds where the mighty and people of any status habit more often.

It’s not uncommon for people to crowd to him because, you hope to get something out of his knowledge and resource but that in turn has become more of a tool he could twist to his advantage. Make no mistakes, the masses amasses the wealth and that’s what we are, the masses.

I couldn't care less who he is. I can live very well without his influence. I'm not thinking to buy his products nor I need twitter or his tweets to live. So, unfollowing him was just as simple as clicking a button! And knowing he cannot be integer when it comes to the only trustable coin in existance, that is more than enough to lose my respect!

Elon Musk is not to blaim for his power. We are. All the ones following him are empowering him. He's just another retard regarding his crypto delusions. A guy that one day supports Bitcoin and accepts Bitcoin for purchasing his products and in the next day supports Doge or whatever he did, is just possible in a retarded person.
I unfollowed him since those times! If millions of people do the same, his power over Bitcoin will be zero, nil...

No doubt his powers with the media are as much as we have deemed it but, how could we not. I mean, his a successful person, an elite in the society and one of the very best. Most of all, he owns twitter and that’s some common grounds where the mighty and people of any status habit more often.

Elon Musk caused a big stir in the market when he suddenly changed his tune from bitcoin to doge. I don’t think he was genuinely interested in bitcoin, afaik he only had exchanged some tweets with Michael Saylor at the time and said that he’s buying bitcoin, few months later he is saying bitcoin mining causes pollution.
Elon has a massive following and his followers will buy anything he promotes without doing their research, they have faith in the Elon because of his many successes and that blind faith causes them do act in a irrational manner.

Make no mistakes, the masses amasses the wealth and that’s what we are, the masses.

I’m not sure what you mean by the “masses amasses the wealth”, there are definitely more poor people in the world than there are wealthy folks. The poverty index across nations is rising every year, so forgive me if I don’t agree with you.

I even forgot that, about the pollution. How can a guy that creates so much indirect pollution when extraction lithium ore to produce batteries say that Bitcoin mining creates pollution??? He's just a retarded greed shit fuck. He knows very well that Bitcoin mining can even help the grid but he simply refuses to admit it just as any other powerful person that has interest in controlling energy resources!

[irhact]

Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

It's already playing a role in Bitcoin adoption because it's from social media platforms like twitter that many individual are getting to know about bitcoin and other cryptocurency. Whenever Bitcoin trends on twitter is get exposures to new audiences that does research on what Bitcoin is about and might buy. Social media is a very powerful tools because we spent most of our time on them and get many of our decision been influence by social media.

Instead of search engines some individual now use social media for research. There were reports of TikTok been used to search for things more than google search as they get video explanation on TikTok. Bitcoin has a very good relationship with social media and that's why it's getting very popular.

[dercfor]

For a technology like bitcoin, it is very important that it gets hype through social media. This is because the technology is very new and it needs marketing.

[Nrcewker]

We all know that Social Media is the boss to each and every news. 90% of our lives is controlled by the social media and our social media activities. The power of social media can be easily seen when Elon musk twitted about Dogecoin, and the price just boomed more than 100x in few mins. That’s the power of social media and influential people. Bitcoins can also be controlled upto certain extent in the similar manner, if a big personality wants to increase the price of the coin, then he will simply just do some posts about the coin, and the price will automatically go up.

[Onyeeze]

For a technology like bitcoin, it is very important that it gets hype through social media. This is because the technology is very new and it needs marketing.

No, I can not agree with you because some of the technology came before bitcoin technology where other technologies have not gotten the kind of firms bitcoin technology have not gotten, ordinarily social media is the most firm to make or advertise any of your technology to be more influence by different countries

[riskarcher]

Each issue of good news and bad news about crypto always pop up first on social media and it's not only Bitcoin, including Altcoin was made impact on situation of market and we can see war issue between SEC and Binance. But what i see hype of cryptocurrency only we can see on twitter there are platform the real decentralize who can impact price of Bitcoin and Altcoin, i remember when Elon musk tweet about crypto it's really something new due to He is can manipulate each price on the market

[bayudndy]

They support each other as well as compete with each other, but mainly social media has an impact on BTC, I find it always useful to spread information about it, but we can easily see bad and good news. appears a lot, sometimes it is intentional behavior to attract attention from a department towards the object they want. I know today that we easily access the internet as well as easily use social networks, I have noticed the age behavior of using social networks, when even the children in my family Only about 10 years old, they also know social networks and use them quite proficiently, it's really bad if they can read information about education, economy, politics, ... maybe part of the responsibility belongs to them about family. But through this I also want to say that not everything available on social networks is useful to us, so there should be more regulations on news censorship and ethical behavior in the process of using it our.

[Blitzboy]

They support each other as well as compete with each other, but mainly social media has an impact on BTC, I find it always useful to spread information about it, but we can easily see bad and good news. appears a lot, sometimes it is intentional behavior to attract attention from a department towards the object they want. I know today that we easily access the internet as well as easily use social networks, I have noticed the age behavior of using social networks, when even the children in my family Only about 10 years old, they also know social networks and use them quite proficiently, it's really bad if they can read information about education, economy, politics, ... maybe part of the responsibility belongs to them about family. But through this I also want to say that not everything available on social networks is useful to us, so there should be more regulations on news censorship and ethical behavior in the process of using it our.

Social media does have the power to sway Bitcoin's market dynamics, which can have both positive and negative consequences. This is especially true given the susceptibility of inexperienced investors to misinformation.

However, I'd argue that the proposal for stricter censorship runs the risk of stifling the free flow of information, a pillar of both the internet and the cryptocurrency ethos. Rather than imposing restrictions, I propose a more educative approach, where the onus is on enhancing public understanding of cryptocurrencies.

As for your observation about young children's exposure to social networks, it is indeed a matter of serious concern. But rather than attributing blame to families, I think its an issue that society as a whole needs to address. It calls for a concerted effort to promote digital literacy, cyber safety, and responsible use of social media, thereby turning this challenge into an opportunity.

[slaman29]

We all know that Social Media is the boss to each and every news. 90% of our lives is controlled by the social media and our social media activities. The power of social media can be easily seen when Elon musk twitted about Dogecoin, and the price just boomed more than 100x in few mins. That’s the power of social media and influential people. Bitcoins can also be controlled upto certain extent in the similar manner, if a big personality wants to increase the price of the coin, then he will simply just do some posts about the coin, and the price will automatically go up.

Only if you let it. I saw how bad it was for me. 90%? I think maybe if you take away the time I eat, work, take shower, sleep, I was almost 95% social media. It slowly stole from my life and work. I took a strong decision and I cut myself off from social media, and life is better.

If you're thinking to use social media to try and trade or get news about crypto, it's a bad decision. Trust me as someone who's been there and done that.

Bitcoin, btw, can't be controlled by Tweets anymore. Unless idiots massively follow and do something nonsensical after it.

[Asuspawer09]

Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it  has on digital currencies like bitcoin.
 The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
  Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

Media, Social media, news, etc play a big role in the market I mean most of the time the movement of the market depends on the news of Bitcoin, if something bad happened and it's written in an article and news it is surely going to affect the market probably going to drop the market price with a few percentages. Same thing when the market price is increasing that is because of the good news and articles online hype etc. Advertisement surely is a big role and affects the market a lot. In the first plays that is where most of the hype came from. We see a lot of advertisements on social media these days about cryptocurrency, and these advertisements affect a lot of people to the point where a lot of investors are getting scammed because of trusting what they see in advertisements.

We also need to be aware seems it can easily be use to spread false information, with that they can easily manipulate the market, that is why a lot of platforms are getting a lot of issue because of personal information because social media can easily make you believed so something that is not true and can manipulate us.

[xSkylarx]

Each issue of good news and bad news about crypto always pop up first on social media and it's not only Bitcoin, including Altcoin was made impact on situation of market and we can see war issue between SEC and Binance. But what i see hype of cryptocurrency only we can see on twitter there are platform the real decentralize who can impact price of Bitcoin and Altcoin, i remember when Elon musk tweet about crypto it's really something new due to He is can manipulate each price on the market

Even influencers tell their followers to buy those altcoins, and those who follow the influencers will also buy them. Social media is really powerful in business aspects, even in Social media, as this is where they spread news and awareness of it. You are right, there are groups not only on Twitter that are kind of manipulating the price, but not on Bitcoin; it is on altcoins, where they just know each other online.

[CryptoHeadlineNews]

Bitcoin, btw, can't be controlled by Tweets anymore. Unless idiots massively follow and do something nonsensical after it.

So in such a scenario where people after seeing a tweet start doing nonsensical things,  what will you call that? Has the tweet controlled Bitcoin or not? It has, because by virtue that the tweet literally made people act in a certain manner against their will which affected Bitcoin, it has controlled it, of which out of everybody in this world, there are two bigger influencers that I know just a single tweet of this about Bitcoin negatively or positively could make its price swing into a different direction, and they are "Elon Musk" which we once saw what his tweet did and "Changpeng Zhao" the CEO of Binance, crypto's biggest exchange in the world.

[taufik123]

-snip-
Even influencers tell their followers to buy those altcoins, and those who follow the influencers will also buy them. Social media is really powerful in business aspects, even in Social media, as this is where they spread news and awareness of it. You are right, there are groups not only on Twitter that are kind of manipulating the price, but not on Bitcoin; it is on altcoins, where they just know each other online.

They are just influencers who are paid or utilize their followers to buy the altcoins they choose with the aim of FOMO, so they can sell more expensive.

There are many such practices, and they even include memecoin as a suggestion to buy. Look at how hype $PEPE is, it's very biased.
They are Influencers and as Whales promote memecoin at the beginning with good development potential and they will take advantage of the hype to take a lot of profits.

All altcoins are used as speculative tools including Bitcoin and also do some market manipulation and such practices.

[mich]

I think there is a big relationship with Bitcoin and social media. Social media is a powerful tool to use if a person wants to get his point out. It can be used for educating big groups of people and do it very quickly and with just a post or status or tweet.

If someone has millions of followers, many of them will get the message. And since social media is a big pert of our life now we are always going to be seeing new content. There is many Bitcoin influencers with big followings and they do a good job at spreading the ideas and how important Bitcoin is.

[Silberman]

-snip-
Even influencers tell their followers to buy those altcoins, and those who follow the influencers will also buy them. Social media is really powerful in business aspects, even in Social media, as this is where they spread news and awareness of it. You are right, there are groups not only on Twitter that are kind of manipulating the price, but not on Bitcoin; it is on altcoins, where they just know each other online.

They are just influencers who are paid or utilize their followers to buy the altcoins they choose with the aim of FOMO, so they can sell more expensive.

There are many such practices, and they even include memecoin as a suggestion to buy. Look at how hype $PEPE is, it's very biased.
They are Influencers and as Whales promote memecoin at the beginning with good development potential and they will take advantage of the hype to take a lot of profits.

All altcoins are used as speculative tools including Bitcoin and also do some market manipulation and such practices.

The most troubling aspect of all of this is that I could understand if people were losing money this way at the early stages of this market, as at the time it would have been difficult to know those coins had no future as there was not a previous history of this market we could refer to, but now we have a long history of tens of thousands of coins which have failed, so I would have guessed most people would have learned their lesson already and most altcoins would have disappeared and no one would be interested in them, but if anything the interest is higher than at any other point on the past.

[Aanuoluwatofunmi]

I believe there's more to talk about when discussing social media and bitcoin because many people today who have adopted bitcoin would have come across it from the influence of social media, now the adoption has gone widespread than the social media could influence because the people have really made the discovery of bitcoin in one way or the other today through many means other than social media.

[rikybrosh]

bitcoin and every cryptocurrency are very depend on the sentiment, if the sentiment is positive then the result for cryptocurrency will be positive as well and vice versa. but unfortunatetely many people use social media such as youtube, intagram, facebook , tiktok and etc only for earn money whether by using google ads or sponsored product. This condition made some people do anything to get more engagement although they have to leads people's opinion toward what they want only for their benefits. they can spread about scary news about bitcoin or any bad news only for attracts more people to follow them using afraidness. I suggest all people to only looking for news in this forum only and only use social media to spread good things about cryptocurrency.

[suzanne5223]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

[imamusma]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

A person's level of awareness of one thing or another is influenced by many factors and one of them is intelligence. We know that the digital era has made it easier for the average person to get new information quickly at any time, but when they are not smart enough to use it, of course, knowledge and exposure to that information will not be achieved.

I agree that social media plays an important role in one's growth and interest in bitcoin. In marketing strategy, many centralized platforms and influencers are leveraging social media to attract new customers, and indirectly bitcoin has managed to gain more visibility worldwide.

[slaman29]

Bitcoin, btw, can't be controlled by Tweets anymore. Unless idiots massively follow and do something nonsensical after it.

So in such a scenario where people after seeing a tweet start doing nonsensical things,  what will you call that? Has the tweet controlled Bitcoin or not? It has, because by virtue that the tweet literally made people act in a certain manner against their will which affected Bitcoin, it has controlled it, of which out of everybody in this world, there are two bigger influencers that I know just a single tweet of this about Bitcoin negatively or positively could make its price swing into a different direction, and they are "Elon Musk" which we once saw what his tweet did and "Changpeng Zhao" the CEO of Binance, crypto's biggest exchange in the world.

That's regular dumb moves made by people, but it's all very very very very short term. If you can cause a twitch in a body but can't determine what the body does, are you controlling the body?

If you knock a hammer on a resting knee at the doctor's, you are asking for the "knee jerk" reaction. It's all that is. It's not controlling the body, it's asking for a jerk. It lasts less than 1 second.

So is the hammer controlling the body? No.

So the Tweet controlling sheeple? YES absolutely. Tweet controlling Bitcoin? Come on, ask yourself the question properly again. Elon Musk controls people's minds, I bet you all my BTC he can Tweet about Bitcoin every single day and name his next child Bitcoin, and BTC price might go up, but it'll go back to normal after all the sheeple calm down.

[SirLancelot]

How people trust social media and what the damage can be if it was informed Then people would never have blindly believed media. Social media is one of the tricks to fool people these days. Firstly, people are attracted by different types of ads or news , Then they take away their wealth from people in various ways. There have been many reports of bitcoins being hacked from wallets. Various sites have been hacked and looted of their tokens or funds. A few days ago USA issued such comments against Binance. If such big exchanges are doing this then who will we trust.

First of all, let's take out the US accusing Binance of doing scams as that out of the conversation because that's a totally different agenda and requires discussions and arguing separately, and let's talk about the negative influence of social media over people's wealth and possessions. I totally understand that scammers have made social media platforms their hub for gaining victims and looting them out of their money with different tactics.

But if I am honest, it's not their fault alone, it's us who get greedy very easily and fall into their traps because they generally use this tactic of promising high returns on investments which we think might be our opportunity to become rich overnight but in reality, it's going to take away what we already have. So, people need to be more careful and vigilant and understand that there is no easy money anywhere in the world.

[ItsCrafty]

First of all, let's take out the US accusing Binance of doing scams as that out of the conversation because that's a totally different agenda and requires discussions and arguing separately, and let's talk about the negative influence of social media over people's wealth and possessions. I totally understand that scammers have made social media platforms their hub for gaining victims and looting them out of their money with different tactics.

I really agree with your view. In fact, there are many types of such matters, situations and factors that the social media has complete mastery control. So if we look at Bitcoin itself and keep in mind its volatility, sometimes we get hurt a lot from the news, especially what is spread on social media. I t is possibly about something. But if we do the realistic analysis, then our line to success will definitely be different from others. so if you are doing any kind of trading, specially Bitcoin, always be realistic and do a thorough analysis before investing anywhere. 

[blackened515]

I believe there's more to talk about when discussing social media and bitcoin because many people today who have adopted bitcoin would have come across it from the influence of social media, now the adoption has gone widespread than the social media could influence because the people have really made the discovery of bitcoin in one way or the other today through many means other than social media.

I would have wonder what will be the outcome of cryptocurrency without internet, it's made clear that billions and millions of people are online daily, either to sort out their online tasks, and they encounter crypto ads. Some are ignorant while others hunkered to find more vital information concerning cryptocurrency. Cryptocurrency speedily spread around the globe with the access of social media, because the world is advancing and we have our smart phones available to surf the internet inother to know what's happening and trending on news, in that process Crypto is acknowledged.

[Mr.suevie]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

Thats correct, social is a large contributor when it comes to the awareness of bitcoin and other crypto project but there is also the downside of this as social medium is where all FUD about bitcoin is been shared also by some agencies which to fight against the spread of bitcoin which are the government of some countries. The FUD of bitcoin is largely spread in the social medium platform and this has caused wrong perception to the acceptance of bitcoin too.

[CryptSafe]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

Truly the bitcoin army is very active on social media and I would also agree to the fact that some people are yet to hear about bitcoin which is very correct but these people we assume they are possibly rural dwellers  with no technological knowledge. They are not familiar or conversant with new morden technology and that has been that challenges.

[suzanne5223]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

Truly the bitcoin army is very active on social media and I would also agree to the fact that some people are yet to hear about bitcoin which is very correct but these people we assume they are possibly rural dwellers  with no technological knowledge. They are not familiar or conversant with new morden technology and that has been that challenges.

Yes, 98% of the people that have heard about Bitcoin are rural residents. We have some people from the urban area who have heard about Bitcoin but are yet to be aware of its potential and the benefit of joining it now.
I am saying this base on what I experienced some days ago at an IOT event.

[loopes]

 Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a signtificant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.

But as long as you use bitcoin in right way it will affect positively. for example, every investors including bitcoin investor need to read news about their investment to anticipate how the fluctuations will be going. So, with the social media they can find news easily then help them to make anticipation planning towards the fluctuation of the price.

[CryptSafe]

A lot of people happen to hear about Bitcoin through social media because social media is part of the life of people from the age of 12 - 60years and it was once the venue where people communicate, make friends, and juicy and gossip news so the army enthusiasts took advantage of it to showcase Bitcoin. Besides, the number of the cryptocurrency army we have on social media is more than the forum and despite the awareness created through social media we still have some people who are yet to know about Bitcoin.

Truly the bitcoin army is very active on social media and I would also agree to the fact that some people are yet to hear about bitcoin which is very correct but these people we assume they are possibly rural dwellers  with no technological knowledge. They are not familiar or conversant with new morden technology and that has been that challenges.

Yes, 98% of the people that have heard about Bitcoin are rural residents. We have some people from the urban area who have heard about Bitcoin but are yet to be aware of its potential and the benefit of joining it now.
I am saying this base on what I experienced some days ago at an IOT event.

No doubt mate. I have had the the experience too. In my country, the village dwellers are very far from information technology and as such have no idea of what is really happening in the cities. Most of them have not heard much about bitcoin. They are characterized by many attributes that I think would be very difficult or would take a long time and process to get them integrated into the system.  Most of them does not have the financial will and cannot afford an android phone not to talk of internet connection or electricity to keep them online 24hours.

[Peanutswar]

Before the bitcoin can stand alone and of course to get know with the bitcoin people keep spreading of it until it comes into different platform such as social media. Influrnecers and creators promoting they are using bitcoin those now may affect with the Bitcoin. People getting more curious of it reason why they make a try and invest once they know how it work and what are the way to earn they grab the opportunity to make money on this but of course not all the time the crypto works so fine people losses and keep sometimes people stay. Social media nowis one of the best tool for promotions to get more investors.