Social media has benefitted Cryptocurrency, here is how.

[shinratensei_]

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.

never forget that there are so many hamster kombat farmer where they run thousands of telegram instance to just participate in the program, the people with the resource will definitely take advantage to create multiple accounts in telegram to participate in airdrop and steal the allocation so it isn't really accurate metrics, heck even average joe are farming hamster kombat using multiple phones, in my opinion the real amount of hamster kombat active users probably only at the marks of 30 million. still a big number IMO, but telegram has been known for having big userbase even without ton blockchain so there's one thing to consider.

moreover user who participate to these projects solely for airdrops aren't here for long, they'd ditch it whenever there's no opportunity anymore.

[davis196]

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 don't participate in airdrops and I don't care about shitcoins. Everyone wants to get something valuable for free, but life doesn't work that way. Getting worthless shitcoins via airdrops seems pathetic to me. I would rather do some actual work and get real money in return.
Social media has influenced almost everything in the human civilization during the last 15 years. The influence was both positive and negative.
The crypto world wasn't living in an isolated island, so it's normal to be influenced by the social media during the last several years.

[WillyAp]

in my opinion the real amount of hamster kombat active users probably only at the marks of 30 million. still a big number IMO, but telegram has been known for having big userbase even without ton blockchain so there's one thing to consider.

Hamster Kombat the telegram game: https://www.econotimes.com/Hamster-Kombat-Surpasses-150-Million-Users-Claims-Third-Fastest-Growth-Record-1680552

Most numbers in social media, cannot be trusted.
if you believe you don't know, never forget that.
Beliefs are below an educated guess even,

[bestcoins1]

,,,

Hamster Kombat the telegram game: https://www.econotimes.com/Hamster-Kombat-Surpasses-150-Million-Users-Claims-Third-Fastest-Growth-Record-1680552

Most numbers in social media, cannot be trusted.
if you believe you don't know, never forget that.
Beliefs are below an educated guess even,

Everyone must believe something new on a clear basis and also on a fairly real basis in order to have a better level of confidence in it or in the example you gave where it did go viral on various social media in the last few days of this year even though at this time it is still a little prominent. And I think you have also given quite appropriate advice besides an example that is easy to understand because on social media every thing that is truly pure must have proof and also clearer details before we believe it as a good thing.

[passwordnow]

I'd say that social media has really turned a lot of lives from nothing to something. And definitely we don't tolerate those that have the fire to spread FUD through them and they're paid for that. But let's remove that thing and aside from airdrops, too many opportunities have been made with it. It's also become a social marketplace. A market place for everything.

Everyone now can sell goods there aside from spreading crypto knowledge, trading, holding, altcoins, etc. So, it's the dream of Elon to have his X to be an all-in-one platform. There's the communication side, the contents from texts to videos and even reels which are the short video categories. Live selling is also there, so there's so much stuff that's being done by social media and it has benefited the entirety of humanity and we can definitely say that it has contributed a lot to the growth of crypto. Most news are there being published and if we don't like FUD, we always need to verify news that comes out from there.

[Dzwaafu11]

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.

But at the same time, social media is another way that made many people millionaires through cryptocurrency today. Why they did not also consider that one is to think they are just arguing because they don’t have knowledge about the cryptocurrency.

The thing is that many people are scammed due to greed; I won’t say ignorance, because when it comes to money, as long as you are going to put your hard-earned money into such things, research should be the first thing you will do. But Many people are not doing that, Once they get convinced that they will earn a huge amount of money, they will do it, and that is how many people get scammed; it is due to greed.

[Yucky]

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.

But at the same time, social media is another way that made many people millionaires through cryptocurrency today. Why they did not also consider that one is to think they are just arguing because they don’t have knowledge about the cryptocurrency.

The thing is that many people are scammed due to greed; I won’t say ignorance, because when it comes to money, as long as you are going to put your hard-earned money into such things, research should be the first thing you will do. But Many people are not doing that, Once they get convinced that they will earn a huge amount of money, they will do it, and that is how many people get scammed; it is due to greed.

You made a valid point here. Because why would someone invest in a project they have not done proper research on, they allow quick money scheme to happen to them. Social media is a useful tool for cryptocurrency, it is used to pass vital information as well as host some of these airdrops on telegram that paid off like Dogs of recent.

Social media is not to be blamed if a project goes wrong or someone gets scammed because we need social media to communicate and we also need it to research facts for ourselves. And of course scammers will keep pulling up scam projects so its best to do be sure before you engage and invest in them to avoid sad stories afterwards.

[uneng]

Social medias have caused more damage than benefits to the legit portion of crypto industry and its enthusiasts. But without any doubts, it has also contributed positively in some aspects, especially for newbies who started their journeys from zero without any investments. Social media campaigns and airdrops played a big role and still do for some people, in order to allow them growing their wallets into substantial amounts of crypto, without having to necessarily invest from their own pockets.

And since it's a self-regulated industry, we can't really complain about the scams being promoted at social medias, as it's part of a decentralized environment where the responsability and awareness of each participant are essential for their survival here along the time.

[robelneo]

 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 cryptocurrency, be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one of the fastest ways to know about new trends is social media.

6 of the top 10 websites on the internet currently are social media platforms so its easy to say that anything that trending expect it to be on these platforms, and so many times that Cryptocurrency is trending in the internet.

Pormoters and pioneers of cryptocurrency have utilized the power of social media to get the knowldge of Cryptocurrency among the people, so yes Cryptocurrency benefitted from social medias but in return, the whole world benefited from the power brought by the technology of blockchain.

[AYOBA]

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.

The social media has helped a lot of people by achieving what they didn’t expect, those that are classified a social media has place of generate fake news are those  that don’t have any idea or knowledge about the social media, if not they will not say that social is a place of spread a fakes news; because their are some that once they are into social media’s they will be click unnecessarily links that’s is why some peoples easily fall in victims of scammers.

Furthermore, with the social media everything has be become very fast and easy to deliver any messages at that times they want; especially those that are into online vendor them they really benefit a lot from social media’s.

[serjent05]

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.

True social media is a platform and being a platform it is a tool use for advertisement and spreading information and propaganda.  In my opinion it is right to say that social media is used for scams and other fraudulent activities but the platform itself is neutral since it can also be used to spread good things and correct information.  I think being scammed is not the social media platform's fault, it is the people who don't do their diligent research whenever they got interested on any  crypto investment venture.

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.

As I stated, and I agree with you that it was the carelessness of people who are trapped and become victims of scams introduced in social media.  The same way social media is being used to scam people, it is also the platform that reminds people of scams and fraud that may take place on the platform.  In terms of information destination, social media platform is indeed of great help to the cryptocurrency industry because social media platforms have millions of users.

[WillyAp]

6 of the top 10 websites on the internet currently are social media platforms so its easy to say that anything that trending expect it to be on these platforms, and so many times that Cryptocurrency is trending in the internet.

Most people go to the internet to fetch information, so they say, entertainment is much more accurate I believe.
How people use the internet, which includes als social media.

Who goes into a social network looking for a new tire? 

[Tigerheart3026]

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 don't participate in airdrops and I don't care about shitcoins. Everyone wants to get something valuable for free, but life doesn't work that way. Getting worthless shitcoins via airdrops seems pathetic to me. I would rather do some actual work and get real money in return.
Social media has influenced almost everything in the human civilization during the last 15 years. The influence was both positive and negative.
The crypto world wasn't living in an isolated island, so it's normal to be influenced by the social media during the last several years.

may be you have good earning source in online or offline, so you don't need to earn by participating in airdrops, but who have no enough skill like you, they always try to earn money in any way like airdrops, bounties or other ways, now time is for telegram airdrops so everyone try to make some money without any cost, airdrop coins might be shitcoins but they are paying and you can sell it.

[Different patterns]

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.

You make a valid point here about the dual nature of social media, which can be both a powerful tool for spreading information and a breeding ground for scams. It's essential to approach online interactions with a critical eye and use social media responsibly to maximize its benefits while minimizing its risks.

[Onyeeze]

Let me say from my own understanding that social media have advantages and they also disadvantages in cryptocurrency so if you want to have a good source of information towards the benefit of cryptocurrency make a proper research about yourself so don't make a research that you will rely on people who you know that they are criticizing cryptocurrency so for me for cryptocurrency especially Bitcoin to get to this extent is because of help social Media, call initially when cryptocurrency was introduced especially Bitcoin there was nobody who like to adopt cryptocurrency because of the fake information tendered by people but right now social media has made many people to have a passion in cryptocurrency

[Accardo]

It's essential to approach online interactions with a critical eye and use social media responsibly to maximize its benefits while minimizing its risks.

I have worn, as a teen, the shoes of people who think the internet is a place to make easy money, and the steps mostly taken was all about naively following any post that promises how to double our money. But, we always ended up with no rewards. After everything, the rush to participate on such tasks also leaves people skipping to research on what they're about to go into, or embark on, all that matters to them is the cash.

So, to these type of internet users, they'll never think otherwise or take precautions, the funds which ends up being fake promises, confuses their thinking.

[Franctoshi]

Everything that has an advantage also have a disadvantage, there will always be bad eggs, those that wants to use the purpose of any given good technology for the opposite reason and which social media isn't an exception for this set of people to use. We can't still forget the numerous good thing that the social media has helped our lives, a lot today are earning living from social, business have boomed because of the power of social, we can't be focusing our energy only on the scamming aspect of social media along, and forgetting the good side.

[Churchillvv]

Everything that has an advantage also have a disadvantage, there will always be bad eggs, those that wants to use the purpose of any given good technology for the opposite reason and which social media isn't an exception for this set of people to use. We can't still forget the numerous good thing that the social media has helped our lives, a lot today are earning living from social, business have boomed because of the power of social, we can't be focusing our energy only on the scamming aspect of social media along, and forgetting the good side.

Perhaps you spoke my mind, well definitely people always have something to say about everything, the fact that we have freedom of speech on social media has made lots of people feel they can have any opinions over whatever they choose and definitely they are all right. Bitcoin and the cryptocurrency industry generally has benefited directly and indirectly from the social media but lots of people only focuses on the obstacles and disadvantages of social media so whatever including bitcoin that gets discussed in those social medias they will always have the disadvantages pump up just to conceal the better colours of it and crypto generally has been a victim of that.

[AmoreJaz]

Everything that has an advantage also have a disadvantage, there will always be bad eggs, those that wants to use the purpose of any given good technology for the opposite reason and which social media isn't an exception for this set of people to use. We can't still forget the numerous good thing that the social media has helped our lives, a lot today are earning living from social, business have boomed because of the power of social, we can't be focusing our energy only on the scamming aspect of social media along, and forgetting the good side.

Perhaps you spoke my mind, well definitely people always have something to say about everything, the fact that we have freedom of speech on social media has made lots of people feel they can have any opinions over whatever they choose and definitely they are all right. Bitcoin and the cryptocurrency industry generally has benefited directly and indirectly from the social media but lots of people only focuses on the obstacles and disadvantages of social media so whatever including bitcoin that gets discussed in those social medias they will always have the disadvantages pump up just to conceal the better colours of it and crypto generally has been a victim of that.

As we put it this way, social media has big role in the distribution of information among the public. These days, everyone has at least one social media channel under their name. Hence, we can say, with the rise of crypto market, people will talk and socmed platforms have been part of it.

These platforms also are the source of news and updates to basically anything. Remember, very rare nowadays are buying hard copies of newspapers.

[tottong]

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.

The flow of promotions has grown so much and now the trend of social media is so much on the rise in promoting anything.
This shows that the development of the times has progressed so much in many ways that there are many conveniences in it.
Telegram has sponsored their own exchange and wallet even though the owner of telegram has been involved in a case and the CEO was arrested on suspicion of allowing various illegal activities.

There are many social media that provide convenience for people to develop their own business independently because they can do promotions in it.
There are positive and negative sides to it, depending on how people use it and if misused it will have a bad impact.