Social media has benefitted Cryptocurrency, here is how.

[Yatsan]

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

 Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

It's true that social media can be a double-edged sword. On the one hand, it's a powerful tool for disseminating information and driving mass adoption. Platforms like Telegram have definitely played a role in the growth of cryptocurrencies. and facilitating transactions such as airdrops, leading to the growth and availability of digital assets.

But it is impossible to look the other way and pretend that the other, more interesting side of social media does not exist, teeming with misinformation and fraud. Admittedly, it must be said that through social media, the upside and risks of cryptocurrencies have been amplified, but at the end of the day, personal responsibility plays a leading role, and it is up to people to take care of themselves and find information to visit safely. Data and information are there to give guidance and tools. But it is not able to save users from all kinds of risks.

To sum it up briefly, though social media is full of imperfections, there is a lot of benefit in terms of information and participation regarding the crypto world. It means it is related to employees who need to be aware and receive opportunities with open eyes.

-snip-One of the biggest roles of social media today is that it makes it easier and faster to reach people. Sometimes the way to access information is through social media. Sometimes the way to present information is through social media.

Nowadays, social media plays an important role in the modern economy. Social media can be used to expose and promote a product. There are many stories of people becoming successful because of social media. It's the same as cryptocurrency. I think one of the things that makes cryptocurrency popular is social media. When the price of Bitcoin went up, it went viral on social media and people started trying to find out about Bitcoin. Just like when meme coins like SHIBA boomed in 2021 or PEPE went viral in 2024. Then after knowing the success of the two meme coins which could provide huge profits in a short period of time, many people were interested and tried to invest in meme projects or other cryptocurrency projects.

You indicate therein the important role that social media plays both in the popularity and promotion of the cryptocurrencies. As a matter of fact, social media has been employed in times to create buzz and interest in everything from Bitcoin to meme coins like SHIBA and PEPE since these coins have become more attractive and omnipresent. This often drives public interest and investment into overdrive. This gets potential beneficiaries keyed up. The whole process is influenced by the internet, in turn.

However, this form of viruses can be negative too. Since it may result in speculative bubbles or fraud on some occasions, the network keeps information moving at rapid paces-both true and misleading. Thus, it affects market performance and investor behavior greatly.

While social media, without any doubt, can increase the popularity of cryptocurrencies and their availability, it always has to be made sure that investors are well-informed and consider all necessary information carefully. Motivating one another with good research is the keyword behind having a successful crypto business.

[DeathAngel]

Social media can benefit cryptocurrencies by enhancing awareness & engagement. It serves as a platform for real time info sharing which allows users to discuss trends, news & market movements. This instant communication helps community building & investor trust. Social media can drive viral marketing campaigns attracting new users & investors. Influencers can shape perceptions & boost adoption while user generated content can provide valuable insights & education. Social media definitely amplifies the reach & visibility of cryptocurrencies facilitating their growth & integration into mainstream finance.

[Ultegra134]

Social media, just like cryptocurrency is just a tool for us humans to use.
Just like cryptocurrency, social media can either be beneficial or dangerous to us humans.

We've seen lots of scams already that are happening on various social media platforms, and I don't want to say it, but there are many investors out there who are easily attracted to different types of scams like the huge returns that they're seeing, phishing links especially when it comes to airdrop etc. While I've seen the benefits of social media towards the adoption of cryptocurrency, I've also seen the dangerous side of it and how scammers are utilizing the platform, and the greediness and ignorance of these investors. It's unfortunate to see investors getting scammed, but that's how investing is.

1 word. Knowledge. Knowledge is everything not only on cryptocurrency, but in investing in general. I hope that all of us investors will learn that having knowledge would drive us away from getting scammed by these stupid scammers.

I can't understand people who'll blame cryptocurrencies for being scammed. The internet is filled with scammers on all kinds of platforms, from Facebook and Instagram to Telegram and Discord, but it's certainly not limited to cryptocurrencies; it's just another method or means of payment they're using to take advantage of people. People need to distinguish the difference; scammers are the issue, not cryptocurrencies; if it weren't for them, they'd be simply using fiat money. It's not that scammers suddenly started appearing due to them.

There's no perfect balance between the benefits and the drawbacks of social media's impact on cryptocurrencies. One thing is certain: that one way or another, they're being promoted, either from companies and platforms, but also from enthusiasts as well.

[Agbamoni]

We are in a digital age of course there will be disadvantages and advantages of a digital product to users. In one way or another most of the digital products rely on one another to excel. If there no good projects, or crypto influencers in the crypto world will there be active users in online in those social media that are following such projects? In turn, the projects rely on social media to reach out to their audience consisting of investors, advertisers etc. Social media and cryptocurrency have to work hand in hand if they want to succeed. Without social media big companies cant be able to reach out to their followers and they also cant be able to market their products. Social media has done more good than harm. In as much as it is concern it is the users that has used the social media to spread false informations, scamming people and misleading others too.

Just so you know as social media is a tool to enhance communication but when it falls into the wrong hand it might be tool for causing havoc. We humans are to be blamed for the misuse of social media and not the product itself.

[dansus021]

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

 Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

To be honest I could agree with you the fake news about crypto is crazy frenn even scammer is spotted on social media like Twitter and Instagram and they buy verified accounts just to lure a user to click their phishing link and these another level of hack in my opinion.

But I also spotted a new youtube account or Instagram reels, tiktok that ask their user to play airdrop like the famous notcoin and dogs

[coin-investor]

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

Humans tend to trust people who are in their contact for a long time, and online, they trust people they can chat with and who follow and like their posts, so its easier to refer or recruit people in social media because of the relationships they have cultivated over the years than articles or videos, I have joined and recruited people through social media., so I consider social media as a powerful tool to disseminate information about cryptocurrency.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times .

I was referred and also referred people using social medias like Facebook and Telegram It's much easier because of the the trust and respect that we build up and I will continue to use social medias as a tool to refer people to Cryptocurrency and maybe get me involved in some good Cryptocurrency project

[Dr.Bitcoin_Strange]

This means that not always what is beneficial is not detrimental, social media makes information quickly conveyed to the corners of the world as well as the good and bad that comes with it, there are always pluses and minuses in an innovation that changes this world.

Social media will be very beneficial for people who are good at using it and he can filter all the fraud that occurs, and even become a place for people to make a living, on the other hand there are even people who fall into poverty because they are carried away by news on social media that makes them lose money, Social media brings crypto far more widely known by ordinary people in parts of the world I like it, it's just that fraud is also not small.

That's right, social media is actually a quick tool that makes information travel so fast. Taking for example, I believe we are aware of the recent case of Mark Zuckerberg in the court, repeating the judge statement,  "37% teenage girls of the age range 13-15 year old were exposed to some unwanted nude pictures on Instagram." I just opened my TikTok app yesterday and after scrolling for just a minute, the content popped up. The way the social media has the capital to spread good information faster, that's also how fast it can spread scam. No doubt.

[BABY SHOES]

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

Until now, social media is still widely used by scammers to spread phishing sites on social media, and those who are deceived are careless people who are not careful in clicking on the link...

Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

Yeah social media is still a very good distributor of crypto news, we know any news about crypto not from television but from social media especially articles and social X is getting more and more mass adoption and now the growth is accelerating because many people are interested in crypto.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

I can say that the hype in Telegram recently after the success of Notcoin and they have TON of coins as an ecosystem, now airdrop is growing rapidly in Telegram, imagine Telegram has 900 million users let's say 50% join the airdrop then this is definitely like a fast mass growth.

[WillyAp]

I can say that the hype in Telegram recently after the success of Notcoin and they have TON of coins as an ecosystem, now airdrop is growing rapidly in Telegram, imagine Telegram has 900 million users let's say 50% join the airdrop then this is definitely like a fast mass growth.

You are a dreamer. 900 million users is not 900 million active users.
I'd say it's like 200 million active users. And of those a 10% might be crypto interested. Seeing the "mass" adaption of wallets more like 5% but ok.

Most of my mates who like crypto only one hunts airdrops.
he does not use telegram. 

[Zaguru12]

You are a dreamer. 900 million users is not 900 million active users.
I'd say it's like 200 million active users. And of those a 10% might be crypto interested. Seeing the "mass" adaption of wallets more like 5% but ok.

Most of my mates who like crypto only one hunts airdrops.
he does not use telegram.  

According to their own data on the telegram site they have recorded over 700 million active users with the number heavily increasing over the last three months and this can only points to one thing which is that most of the new members are there because of the raise of the tap tap airdrops on the platform. We cannot say that the whole 700 million are actually engaging into crypto but at least the number is more than 10%. There is this particular airdrop called the Hamster Kombat on telegram that actually recorded over 280 million users monthly on the airdrop, this means that even their own number of users already is above 20%.

But mind you this number to me isn’t relatively relating the actual real users there as one person can have multiple accounts mostly for farming of the airdrops and it is actually what I think is the reason for the increase in the number of downloads and register users.

[icalical]

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

 Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

Social media seems as a two-edged sword because cryptocurrency scams are spread on it in a way. This is not just happening on Telegram and X, many smart phishing attacks and fake projects are also cropping up. Crypto scams going on in the past year have accounted for more than 1 billion dollars in losses, with 50% of the victims being social media users. The real thing going on here has more to do with the awareness of the issue and the education of the people rather than the platforms per se.

Remember that social media is a big booster for the adoption of cryptocurrencies. Social media channels do a big portion of them-yes, in the case of airdrops and interactions between users in various decentralized finance (DeFi) projects. Take Telegram for example, which implemented features like crypto wallets and exchanges that help users safely transact among them in as simple a way as possible. But the whole truth is that scams, of course, are a concern, yet really, social media has been more of a help in the crypto sector. To a large extent, it's rather about the person being smart about it.

[justdimin]

To be honest I could agree with you the fake news about crypto is crazy frenn even scammer is spotted on social media like Twitter and Instagram and they buy verified accounts just to lure a user to click their phishing link and these another level of hack in my opinion.

But I also spotted a new youtube account or Instagram reels, tiktok that ask their user to play airdrop like the famous notcoin and dogs

Unfortunately that's true, there are a lot of people who buy reputable accounts here too, and spam shitty tokens just to make money. Telegram is the worst of them all, there are telegram channels that act as if places that suggests good income tokens to invest into, and they end up making terrible judgment calls in return of some money they take from the projects.

Scammers are always been in the social media world even from the first day, it allows you to connect to the whole world, and crypto made it easy for payments to happen too, before crypto it was mostly paypal, and gift cards as well, nowadays those still exist but crypto is becoming much bigger and I think that is why it looks like it's a bigger deal than what it is.

[WillyAp]

Scammers are always been in the social media world even from the first day, it allows you to connect to the whole world, and crypto made it easy for payments to happen too, before crypto it was mostly paypal, and gift cards as well, nowadays those still exist but crypto is becoming much bigger and I think that is why it looks like it's a bigger deal than what it is.

Just adhere to a few rules. Just free to use social media accounts no reputable company will go for that.
Websites under 2 years? Have a look if their company is registered and how much capital they put.

[Tigerheart3026]

You are a dreamer. 900 million users is not 900 million active users.
I'd say it's like 200 million active users. And of those a 10% might be crypto interested. Seeing the "mass" adaption of wallets more like 5% but ok.

Most of my mates who like crypto only one hunts airdrops.
he does not use telegram.  

According to their own data on the telegram site they have recorded over 700 million active users with the number heavily increasing over the last three months and this can only points to one thing which is that most of the new members are there because of the raise of the tap tap airdrops on the platform. We cannot say that the whole 700 million are actually engaging into crypto but at least the number is more than 10%. There is this particular airdrop called the Hamster Kombat on telegram that actually recorded over 280 million users monthly on the airdrop, this means that even their own number of users already is above 20%.

But mind you this number to me isn’t relatively relating the actual real users there as one person can have multiple accounts mostly for farming of the airdrops and it is actually what I think is the reason for the increase in the number of downloads and register users.

telegram has 950 million users as the track record of july 2024, it's rapidly growing because in telegram airdrops is trending, millions of peoples joining with new account, but 950 users are not active users, hamster kombat is big one in airdrop but i seen in their communities total 50-60 millions subscribers and there mostly multi accounts.

[Uhochi]

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

Indeed, airdrop blew up recently due to social media adoption, a lot of people including myself got into raindrop this year. And I can only imagine how much certain people who have known the game of airdrop before social media blew it up have made from it.

[bangjoe]

This means that not always what is beneficial is not detrimental, social media makes information quickly conveyed to the corners of the world as well as the good and bad that comes with it, there are always pluses and minuses in an innovation that changes this world.

Social media will be very beneficial for people who are good at using it and he can filter all the fraud that occurs, and even become a place for people to make a living, on the other hand there are even people who fall into poverty because they are carried away by news on social media that makes them lose money, Social media brings crypto far more widely known by ordinary people in parts of the world I like it, it's just that fraud is also not small.

That's right, social media is actually a quick tool that makes information travel so fast. Taking for example, I believe we are aware of the recent case of Mark Zuckerberg in the court, repeating the judge statement,  "37% teenage girls of the age range 13-15 year old were exposed to some unwanted nude pictures on Instagram." I just opened my TikTok app yesterday and after scrolling for just a minute, the content popped up. The way the social media has the capital to spread good information faster, that's also how fast it can spread scam. No doubt.

I really hope that many people are more responsible when using social media, because what we put on social media always has a digital footprint even though we have deleted it.

Ok back to the topic, Crypto currency since I saw the change in popularity in 2019 until now is indeed increasing, people today provide teaching about what crypto, blockchain, bitcoin, web3 and so on because bitcoin and crypto users are increasing so that it can be used as an option to increase insight on social media for those who understand.

And speaking of fraud, we just need to educate the newbies who are just entering, and I also see that the influencers who are really good and uphold this industry always give advice to their audience or readers, like what you and me do on the forum.

[BABY SHOES]

I can say that the hype in Telegram recently after the success of Notcoin and they have TON of coins as an ecosystem, now airdrop is growing rapidly in Telegram, imagine Telegram has 900 million users let's say 50% join the airdrop then this is definitely like a fast mass growth.

You are a dreamer. 900 million users is not 900 million active users.
I'd say it's like 200 million active users. And of those a 10% might be crypto interested. Seeing the "mass" adaption of wallets more like 5% but ok.

Most of my mates who like crypto only one hunts airdrops.
he does not use telegram. 

I'm not a dreamer... But you can check this data. https://www.demandsage.com/telegram-statistics/

Hamster Kombat users are more than 200 million active users, especially now that many tap-tap games on Telegram are successful like Dogs yesterday and this has awakened the hype of other airdrops on Telegram.

You know it's possible that active users will increase every month.

[doomloop]

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

I wouldn't delve into this debate because it's a long topic and there are a lot of things to talk about when we get into social media + cryptocurrencies. However, one thing is clear, social media is one of the best ways to spread news in this era, and cryptocurrency projects are using this to their benefit to a large extent.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

I can't help but agree with this. The recent trend about Telegram mini-bots have changed the dynamics of this industry completely. A lot of projects are turning their faces to Telegram and TON blockchain because they know that there is a lot of potential in there, projects are getting a lot of attention and engagement from people from all around the globe, and on top of it all, it's not that costly which means that if you start a project announcing an airdrop, you will start getting users very quickly with a few collaborations.

[Accardo]

The internet consists of webpages, which social media websites are a part of it—websites like dating apps, forums, and blogs, all contributes to crypto promotion and scam. Famous social media platforms where millions of people go to view breaking news, and entertaining contents, are only called out as the scape goat because they have a high number of crypto scam ploys on it. Furthermore, there are the traffic funnel to most crypto scam webpages.

Well most statistics forget the fact that there is no exclusive usage of social media. Even a Billion tiktok user use the internet to check webpages.
One can presume that every social media users also uses the www.

People don't go into social media to buy or take part of airdrops.

You have made out up to date statistics of social media users, but It's not clear to me where you're heading to with your point of view. However, I know that social media platforms consists of multitudes of people, and not a huge part of them partake in airdrops. Yet giveaways are not the only strategy that nearly all scam victims get extorted of their money.

People easily accept that pages with large fellowship are genuine, so the bad players use this weak point to sweep people's money through social media. It's simple to pull such tricks with fake impressions, backed up with ads, and people will get rolling asking for how to multiply their money 10 folds. In a nutshell, if it's too good to be true, quit it.

[CK485]

I really hope that many people are more responsible when using social media, because what we put on social media always has a digital footprint even though we have deleted it.

Ok back to the topic, Crypto currency since I saw the change in popularity in 2019 until now is indeed increasing, people today provide teaching about what crypto, blockchain, bitcoin, web3 and so on because bitcoin and crypto users are increasing so that it can be used as an option to increase insight on social media for those who understand.

And speaking of fraud, we just need to educate the newbies who are just entering, and I also see that the influencers who are really good and uphold this industry always give advice to their audience or readers, like what you and me do on the forum.

From the advancement of technology today, especially on social media, many people will know more about the latest information, about everything including crypto and its developments, everything becomes easier, that's why people understand it very quickly, unlike a few years ago they didn't understand crypto because progress wasn't as good as it is now.