Does that mean trading is more popular than social media now? - page 2.

wiss19

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Quote from: Sled on April 22, 2021, 12:28:48 AM

Maybe 10 years from now we could say that crypto users and adopters will surpass the volume of social media users. Because in these days, their number is very large compare to crypto enthusiast. May some people heard about Bitcoin, about Ethereum but the question is are these people investing crypto or most likely they just ignore it? We can't deny the fact that many were still blind about Bitcoin, and their thinking about this thing is just a scam, Ponzi scheme, and full of negatives.

That must be really a wild and surprising speculation in my opinion because your talking about 10 years from here. I agree and I can get your insight on this but we need to consider lots of factors here for that.

Because I'm seeing most people are giving more important for their social life rather than investment opportunities; unless otherwise people are changing their perspective on investments, I'm not seeing what you are saying is not going to happen. People are prioritizing social life more than earning opportunities but that must change at first hand.

LUCKMCFLY

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I think that trading is not above social networks yet, there is a long way to go for adoption, however, social networks may be the engine for trading and it is looking into the world for the Bitcoin and cryptocurrency market. Also what the world is experiencing is not easy, because the pandemic has forced many people to be surfing the internet and when they see Bitcoin in the news they begin to be interested, this draws attention and the interest in generating money may increase and reach a great consensus that produces more emotions in people, especially those who do not know much about Bitcoin and want to enter the market.

And if they see news from JP Morgan advising to buy bitcoin, the impact is greater, since they think that if millionaires invest it is because it will generate a lot of money. Youtube is very popular, now tik tok and among others they also resonate, but before getting into social networks, people seek their comfort and convenience comes faster with money, and bitcoin represents money.

xSkylarx

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Quote from: jossiel on April 20, 2021, 04:18:28 PM

It became popular due to the prices that everyone is seeing. Price of bitcoin, ethereum, BNB, Dogecoin and other cryptocurrencies that have much increased in a short period of it.

That made people to download those trading apps and they all became interested. This incident usually happens when we're in the bull run. People are always interested to the market when it's up but when it's down, not that much news about surge in downloads and searches.

Add to that is also because of the pandemic. Most people are in their home now, some lose their job and looking for a way to earn money. They see those trading platforms to do that and also with the recent increase of cryptocurrencies it would definitely get them interested. I even saw some tiktok videos now shilling some coins to buy. This just means they are also trading on some popular searched platforms. I hope these people did their research well about crypto, market won't always go up. Time will come that bear season will happen and I hope they don't lose more money because of trading.

Sled

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Quote from: Issa56 on April 21, 2021, 08:10:42 PM

From my research I believe there are lot's of people and institutions adapting cryptocurrency or going into cryptocurrency, cryptocurrency is really spreading fast and almost everybody is interested and wants to make money online. Dur to the increase in price of bitcoin it is really encouraging people to go into it and make money. Seriously if you really know your ways you will definitely make alort of money in Cryptocurrency. There are lot's of risk attach to cryptocurrency but in any business or investment there is always a risk and if you are not ready to take the risk then you are not ready to make money. Cryptocurrency exchange leading Apple store that's really a nice idea and it shows that people are really adopting it.

Maybe 10 years from now we could say that crypto users and adopters will surpass the volume of social media users. Because in these days, their number is very large compare to crypto enthusiast. May some people heard about Bitcoin, about Ethereum but the question is are these people investing crypto or most likely they just ignore it? We can't deny the fact that many were still blind about Bitcoin, and their thinking about this thing is just a scam, Ponzi scheme, and full of negatives.

Issa56

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From my research I believe there are lot's of people and institutions adapting cryptocurrency or going into cryptocurrency, cryptocurrency is really spreading fast and almost everybody is interested and wants to make money online. Dur to the increase in price of bitcoin it is really encouraging people to go into it and make money. Seriously if you really know your ways you will definitely make alort of money in Cryptocurrency. There are lot's of risk attach to cryptocurrency but in any business or investment there is always a risk and if you are not ready to take the risk then you are not ready to make money. Cryptocurrency exchange leading Apple store that's really a nice idea and it shows that people are really adopting it.

Zemomtum

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This is an indication that we are in the digital era and cryptocurrencies is aging the mass adoption. Anybodydy that join onboard now are still part of the early adopters.

Cherylstar86

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Quote from: Woodie on April 20, 2021, 12:51:51 PM

Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

Social media has nothing to do with money right now, and with trading you all what you need, the finances and fortune that you desire to. Folks realized their wasted time on social media, and instead of drowning ourselves from those non sense post lets reverse the scenario towards trading. You're not just wasting time but you're also learning to grow as an expert trader who is willing to loss and gain.

Ridwan Fauzi

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There is a situation that can make some people getting interest to trade or invest their money either in crypto currency or traditional market. Yeah, I guess it is just because lockdown event from almost all country.

Many people are forced to be creative, especially to help their economic income. Also, I was the victim layoffs of employees affected by Covid 19. If I don't know crypto currency then I'll just confuse where should I get money for my family.

This is why most people are interesting to trade especially for those who likes bitcoin. Bitcoin price movement is really tempting for those who sees its price movement. Yeah, you can get a lot of money by buying bitcoin for just several times. At least this thing can be made as a reason to leave social media as their activity to trade.

harizen

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I think people are just overreacting. There is no accurate source that can tell that trading is more popular than social media now. And just by using common sense, even we are lurking for crypto for a long, it's difficult to imagine that just by "trading" it defeats the popularity of social media.

Let's pin the word "trading" which is not a comfortable thing to do by others even at those on crypto for long.

And besides, social media does its own purpose so I think the comparison isn't appropriate.

Willitivity

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Quote from: Woodie on April 20, 2021, 12:51:51 PM

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

I have no doubt that crypto is basically the most popular topic on the planet and also the most popular topic being discussed on social media as well. But I do not think that crypto is more popular than social media since the number of social media users surpasses that of crypto by a huge margin. A possible explanation for why both Robinhood and Coinbase trading apps are topping the charts is because more and more people are constantly searching for both apps on the Apple app store more than they are searching for other apps. Crypto is big but it still not quite there yet.

DarkDays

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Quote from: Oceat on April 21, 2021, 12:03:13 PM

It's clear that people nowadays are after with crypto currency since they saw what was the price of Bitcoin before and now it's making a new ATH price that nobody expected this price would be hit. So it's just understandable to see trading as most popular nowadays than in social media.

Personally, I don't think crypto trading is bigger than social media. Thinking logically, crypto is still not on mass adoption yet, while social media is more common spread. Think how even your grandma posts on FB etc. It could lead to something but to say that we're there is not true.

Quote

If you have noticed that Bitcoin before when it's still in the $10k to $14k last year no one really care about it and they were just doing their everyday life with the use of social media. But when Bitcoin started to get bullish this year plus you include Elon Musk in the story, I don't think people would let this opportunity to slip.

It is true, social media has given crypto and encapsulated Elon Musk as a crypto/BTC idol but despite all of this progress the blockchain is yet not ready to sustain ~7bn people, though progress with ETH v2 and other interoperable blockchains such as BSC is ongoing.

Ryker1

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Well, I am sorry but I think the reason why the trading platforms downloads are higher than the social media is that social media has been installed already on their phones. And the one that you saw was actually the list of the frequently installed apps these days. Meaning to say that, the fact that social media are still part of most downloaded even when it’s already installed on most of the phones means social media are still the mainstream. Instead of following them on Titok, Twitter and Facebook, just make your own analysis is far better than them.

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Quote from: Woodie on April 20, 2021, 12:51:51 PM

Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

Another explanation that makes more sense is that simply social media is reaching a saturation point, even if there is a lot of people out there our number is not infinite and you can only dedicate so many hours to keep in contact with friends and family members, those that do not want to use social media will not do so no matter how attractive you make your platform and when we take into account that many people are still in a bad economic shape then this could be helping to increase the interest that people have in cryptocurrencies.

darewaller

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Quote from: irsykes on April 21, 2021, 05:08:57 AM

Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it. Even me don't have that 2 app that OP mention, maybe if big exchange trading app or maybe blockchain wallet or any wallet that already realy famous maybe can reach but maybe not same yet with social media app.

Social media could be surpassed, as in one single version, not all. For example, we could have more people trading per day than there are people tweeting, that might happen, I know it sounds unreasonable because one is free while the other one is requiring your money (you can earn more but you can lose more).

However not all social media places are like facebook, instagram, twitter, reddit or the likes, some places are smaller, for example this forum could be considered a social media, it is a forum but that is a way of being a social media as well, and trader numbers are higher than here for sure. So, that means there are some social media places that have higher active user count than daily trader number, and there are some that has lower active user number than what we have in daily trader number. This is why I think it is quite possible, just not as a whole.

Oceat

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It's clear that people nowadays are after with crypto currency since they saw what was the price of Bitcoin before and now it's making a new ATH price that nobody expected this price would be hit. So it's just understandable to see trading as most popular nowadays than in social media.

If you have noticed that Bitcoin before when it's still in the $10k to $14k last year no one really care about it and they were just doing their everyday life with the use of social media. But when Bitcoin started to get bullish this year plus you include Elon Musk in the story, I don't think people would let this opportunity to slip.

RealMalatesta

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Quote from: irsykes on April 21, 2021, 05:08:57 AM

Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it.

These days all crypto-related services are available as apps for your android or iphones; it means you can use crypto exchanges on the go for buying/selling your favorite coins just like using social media. So, somehow there are the possibilities for the changes in trend among certain age group of people which might lead to increased number of downloads for crypto related apps against all other apps in recent time span.

I welcome this change and I wish it needs to be continuing so that more people will get awareness on cryptocurrencies which made be ending up in more adoption of cryptos.

irsykes

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Honestly, i don't think if that things (title) can be happen. Because yes a lot of people can use social media although just get new phone, but for trading i don't think about it. Even me don't have that 2 app that OP mention, maybe if big exchange trading app or maybe blockchain wallet or any wallet that already realy famous maybe can reach but maybe not same yet with social media app.

Palllke

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More and more people interested in bitcoin now. Mostly because of price. They hear news about bitcoin every day, and this is pushing them to look for a new app for learning bitcoin.
I've heard from a lot of people that they want to buy bitcoin and mostly regret not buying it before.
It just money Grin

, not bitcoin technology.

Wexnident

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Nah, this is either a daily thing or monthly thing, but definitely not an all-time thing. I reckon that people are quite active with the internet now due to having nothing to do, hence why the news of cryptomarket experiencing huge booms have had them interested in checking it out. I myself have been asked by a lot of my friends on how to actually enter the scene, so it isn't that surprising that it actually made it boom. Not to mention that trading is more popular than social media? Highly doubt that. Humans are social animals, after all, nothing could basically beat (at least right now) social media apps with how they share information and entertainment to others, and imo, trading isn't one.

Kelvinid

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If you are fan using your phone, social meant a lot for your to know, not trading. Social media is the top among other platform and rarely possible that trading could be as it need money unlike having Tiktok, FB, Youtube , and etc...

people had found social as way to please themselves, expressing their opinions, talking to someone and many more. While trading is a serous business, this involves money that many were no interest of it.

If you make you life happy, then go for social media but if you want to stress your life, then trading is good for you.

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