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Topic: Does Social Media Influence bitcoin growth? - page 14. (Read 5219 times)

full member
Activity: 294
Merit: 100
Of course social media affects the development or growth of bitcoin in people's lives. One example of the role of social media as a means of introducing to the public is when we see ads bitcoin on facebook or other social media. People in my country the majority use social media as their daily use, But only about 25% of them know what is Bitcoin, altcoin and Blockchain.
member
Activity: 138
Merit: 11
Does Social Media Influence bitcoin growth?


Yes of course. Since social networking sites are one of the main advertising medium of bitcoin, it is not argueable to say that it affects bitcoin's growth. It makes bitcoin popular among those social media users which we can say are digital natives. They are the number one patron of bitcoin since bitcoin is virtual.
newbie
Activity: 60
Merit: 0
Yes absolutely, social media influence bitcoin growth because social media is one media to scatter information about bitcoin. Such as facebook, twitter, telegram, etc. In doing so, many people reached that information.
sr. member
Activity: 952
Merit: 274
Does Social Media Influence bitcoin growth?


Yes it is! Bitcoin is becoming more popular because of the social media. There are many advertisement about cryptocurrency that we can see in all social media accounts. I know that many more people will enter to the cryptocurrency world.
hero member
Activity: 742
Merit: 500
Of course they do. Here, Facebook has already refused to advertise ICO, crypto-currencies and everything that is connected to it.
Exactly, I've just read this news.
here's the link : https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/
this will give a big impact to the cryptocurrency indutry, as we can see many projects advertised there in order to get a lot of costumers, no problem at least we have twitter, it's working perfectly.
newbie
Activity: 30
Merit: 0
Does Social Media Influence bitcoin growth?


Yes, social media nowadays has a big impact to our society we used it as our daily habit. Thats why social media's has a big influence in bitcoin growth!
newbie
Activity: 92
Merit: 0
Social media takes a special place for Bitcoin growth as it highlights the NEWS about bitcoin the majority percentage start knowing about it and many adopts bitcoin, it's influence will play a major positive role in bitcoin crypto currency.
newbie
Activity: 217
Merit: 0


                           The social media has got its own importance for the growth of  Bitcoin.The analysts pointed out that there are four different
socioeconomic parameters such as the development of user base, price fluctuations, search trends and interactions on social media platforms. The increased popularity led to growing demand which in turn stimulated activity in the social media. The more users join the network the higher the price.Through the internet all the market sentiments are visible and the resultant changes may occur in the bitcoin price.
member
Activity: 118
Merit: 10
The social media has a large part of the growth of bitcoin. It is because of the people in it. Majority of the user in the social media are seeing some ads, videos and post about bitcoins. It's a factors of its growth since its use for getting the attention of millions of people. This is a good strategy to get the attention of their eyes in order them to know about bitcoins.
newbie
Activity: 145
Merit: 0
First of all, i want to discuss you about social media, what is social media? and what it is all about?. Social media is a very or most influence key or factor in this time, all people had already known what it is social media. So for me social media can influence bitcoin growth like people who already influenced by social media. By communicating to other people, social media can influence all things.
full member
Activity: 504
Merit: 100
Does Social Media Influence bitcoin growth?


Social media plays a big part in the growth of bitcoin. Because of social media bitcoin was advertise all over the world. Without social media bitcoin will not be popular as it is today. But now some social media site remove the advertisement of cryptocurreny on their site. I don't know what will be the effect of this move.
full member
Activity: 210
Merit: 102
Yes, but not directly. What social media do is make bitcoin more popular through their advertisements and through people's posts and/or testimonials. It really drives curiosity if for example you are not aware what bitcoin is then suddenly you read in your friend's post that they earned something from bitcoin. One may start researching about it, or the friends may connect and the conversation would start. More people becoming aware of bitcoin the more they will be interested to invest. More investors means higher bitcoin price.
member
Activity: 406
Merit: 10
Most people learn about bitcoin mainly on the Internet. And I treat these people. Now the whole flow of information is concentrated there. And it's logical - today almost everyone has a page in social networks, despite the fact that everyone there spends a different amount of time. And in Facebook and Twitter there is a lot of information about bitcoin and how it works. This is the most accessible source of information.
legendary
Activity: 854
Merit: 1000
Of course it contribute in bitcoin influence, most of the news are there and a lot of people hear for the first time from social media.
member
Activity: 112
Merit: 13
Now the social network is very vigorously used precisely as an advertising platform. And for bitcoin it was no exception - all my friends and acquaintances who joined the bitcoin learned about it from social networks and continue to talk about it there. It is very convenient, fast and useful, since everyone can draw from there a huge amount of information.
I agree with you, my involvement of bitcoin was also because of social media. Social media is fast way of sharing informations, spreading news and advertisement. So the use of social media is very suitable in bitcoin world. It helps bitcoin to become more popular, valuable and recognizable to everybody.
member
Activity: 378
Merit: 10
Affects, and directly. The main distribution of information occurs in Facebook, Twitter, Telegram, Vkontakte (Russian site). Here the main population of the planet sits, and everyone strives to earn well, and of course they are interested in bitcoin. And many decide to invest in bitcoin, and the number of these people is growing every day.
full member
Activity: 322
Merit: 110
elysian.finance
Yep! Social media is a great tool for digital marketing. And by advertising bitcoins you make more people invest in it, so in that way it has influence on bitcoin growth  Smiley


That is absolutely  true and correct.  Social media helps the crypto currency to become more popular.  It helps to spread in the world because anyone can see and access the different social media in the internet.
member
Activity: 111
Merit: 10
“Everyone Is A Bank”
Social networks more than positively affect the growth of bitcoins, as there information about it spreads much faster than through TV, newspapers and so on. And due to this, the influx of new investors is increasing. The price of bitcoin is growing. Everything is very logical and thanks to social networks.
member
Activity: 280
Merit: 10
Definitely yes, Social Media does a large contribution to the growth of bitcoin as well in the destruction of its value. Through the spreading of cryptocurrency related articles it supports in the adoption. All of us are now relying to social media like Facebook, every time we do something we post it. So i can say that social media has big impact in our daily lives. Same with bitcoin without social media its popularity will not be as big as it is today. 
sr. member
Activity: 476
Merit: 256
Yup social media is also one of the factors coordinating to the growth of BTC.If i take my example and few of my friends,we got idea from social media,BTC advertisement on facebook,different discussion running in Telegram,twitter,then we searched about BTC,what BTC is,what it can do for us,what benefits we can get from it.We started share ideas across globe with different people through social media and consequently invested in BTC.Today me and some of my friends have good quantity of BTC,It got possible through social media.Today most of the information regarding BTC is available only on social media,Effect of which we can see tremendous growth of BTC in 2017.So i can summarize here that socail media has great influence on BTC growth.
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