Topic: Instagram Banned Bitcoin (Read 704 times)

Yes, you are right that the ban on Instagram did not have any impact on Bitcoin and did not present any hurdle to Bitcoin. Bitcoin is a brand for itself; it does not need any social media to accept it or not, but because of its excellent qualities, everyone is getting to see it prominently, and in fact, Bitcoin has shown its skills. Which everyone knows. It can reach the value of one bitcoin by collecting the income from all the social media platforms. It is not possible that this social media platform will create its own value by creating competence in itself, like Bitcoin. In fact, there is no justification behind the activities of these people, but they are jealous of Bitcoin by making lame excuses.

By banning Bitcoin, Instagram has put itself at a disadvantage. There are many users on Instagram who take or accept bitcoin as payment for businesses like brand buying, product selling, etc. So if this is seen, I think now all these users will dislike Instagram because their businesses may be affected by banning Bitcoin.

Do you see any negative impact from this news on bitcoin?  there won't be any negative impact on bitcoin with this type of junk news.  I seem to see this as the only topic being discussed about this news, I don't see any social media platforms discussing this issue or anyone interested in it. 
Even big news like a major power like China banning bitcoin doesn't stop people from investing in it, so what is Instagram?  nothing, it's just garbage for bitcoin.  you're overestimating a centralized social network like Instagram. By the way, do you have an account there?

This news might have negative and positive impact to acknowledgement to Bitcoin as people might think if it's bad or be curious enough to explore what is Bitcoin. But it's true that even Instagram banned Bitcoin into their platform, it wouldn't change Bitcoin's potential, but it might have affect into people's perspective into Bitcoin by simply knowing the news about Instagram banning Bitcoin. But I think if it's twitter banned Bitcoin, it might have affect a lot of users that are relying from the platform by using Bitcoin's promotion. Cause for me that's the platform that most of the people use here in my country for crypto related topics.

If according to what you say, it is right for the social network Instagram to ban bitcoin? Because you said you only see bitcoin related scam content on there. I remember that it was social networks that brought bitcoin to me and I believe that many others are like me. I do not deny that there are many scammers on social networks, but they do not cover all of those social networks, there is still a lot of useful knowledge or sharing on those platforms. Our job is to curate followers and information to learn from.


Banning bitcoin will only bring damage to Instagram itself and bitcoin will not have any negative effects because bitcoin has never needed any centralized platform.

Instagram does not have a significant impact on the development of bitcoin so whether it is banned or not is not a problem. Even when Bitcoin was banned by Instagram, it didn't have any influence on the price of Bitcoin. Besides, most people know about Bitcoin from the news or other media, Instagram only plays a small role in Bitcoin promotion so it doesn't matter at all.

Most of the advertisements I see about bitcoin on social media, I believe, are doing so for their own personal interest. Most of them are scammers looking for someone to scam, some of them claim to be signal providers, and some are looking for referrals. When you believe every advertisement you see about bitcoin on social media and decide to follow what they say, you are likely to be scammed at the end because they are doing the advertisement for a purpose.

I can't really remember when last I used Instagram, and I don't know anything about the ban that the OP is talking about. This is my first time hearing about the ban, I don't know how true it is, but I know the ban will just be temporary, just give it a few months, and I am sure the ban will be lifted. Actually, I don't really know why they decided to ban bitcoin, because it's not only Instagram that's used to advertise bitcoin. Even though we know that most people doing the advert are doing it for a purpose, other social media's are also used for bitcoin advertisements, but they didn't ban bitcoin.

Restricting something is the oldest trick in the book to raise a wave of complaints and possibly the easiest solution to acting like you've accomplished something. However, I doubt that anyone would even bother with Instagram; it's supposedly for photos, not to promote sophisticated investment strategies or cryptocurrencies; its users aren't the right audience. It is, however, filled with so-called influencers with pyramid schemes that no one seems to put a stop to, and they are a plague on social media, scamming unsuspecting people who're trying to figure out a way to make extra money.

With that being said, there's no doubt that such a restriction would cause zero damage to cryptocurrencies whatsoever. I highly doubt that the Meta ban actually had any effect either.

Without a doubt, banning something has become such an old trick, right? When there is a ban or restriction, there is a shock wave that goes through the market, but let's be honest: the core community is still strong. The core of crypto, especially Bitcoin, is built on being strong and flexible. These bans are only short-term problems. The neighbourhood? Very strong. As we can see from past, the crypto community has been through a lot of bad things.

The never-ending cycle of bans and returns is now easy to guess. At first, theres a drop and maybe a little fear. But what happens next? Get better. Because people in the community know that crypto has worth and potential on its own. There have been many times when Bitcoin has shown its strength and shown doubters to be wrong. Today is a ban? A possible U-turn tomorrow. We can only wait and see what happens, but what about the community? We plan to stay here for a long time.

Who cares? Instagram isn’t the only place we can talk about crypto and it certainly isn’t the best place. People there want to show their new car, how fun their vacations was, their shiny jewelry etc… Maybe some crypto people spammed their stuff too much on the platform and it triggered Zuck. In the end most people on instagram don’t want to see crypto or talk about crypto. They want to see pretty girls and happy people doing happy things. When people saw too much crypto in their feeds, it drove people away probably and Zuck didn’t like it.

There are plenty of other platforms where we can discuss crypto. Twitter, reddit, btt are still alright. They can have instagram. I never visit it anyway.

Since Bitcoin conversation has been banned from Instagram I think it's good because Instagram doesn't need Bitcoin that much. Where the discussion of Bitcoin is criticized on various big and popular platforms, there will be no negative impact on any Bitcoin even if it is not discussed on Instagram. Where Bitcoin is discussed on Medium, Twitter, Reddit and many other popular platforms, Instagram is not very important. As it becomes popular, more and more platforms will quickly transact with Bitcoin and discuss Bitcoin as a whole. As the demand of Bitcoin is increasing day by day, the number of investors of Bitcoin is increasing, so I think even if Bitcoin is banned on Instagram, it will not have any negative effect on Bitcoin.

Is it so ? Who are those users who have been affected and how ?
Instagram banning bitcoin is good according to me because there have been several scams going on in Instagram.
So it's good that they suspended those accounts because they were promoting scams anyway.
Besides that, bitcoin doesn't need the support of any social media platform because it has it's way to reach the audience anyway.

Banning wont really be that shocking anymore on which platforms could neither be that allowing crypto related ads or post but doesnt mean that they are really that against with it, there are really that post or things involved with scams on which it would be normal that they would really be moderating for potential scams and just for the sake of peoples safety which it isnt bad. When it comes to decisions something like this then i dont really see for it to be that an issue because crypto community wouldn't really be caring at all because we been through lots of bans and restrictions but the price didnt really that go down hard.
There's always that recognitoin, it might be having some temporal dips but we know that in the end of the day, it would really be that going that low on which it wont really be that
shocking anymore.

They can ban all the ywant but pretty sure those effects wont really be that long lasting. If the price would dip because of ban news but it would really be making out some recovery
later on, on which its not really that shocking because community is really that strong and really that being supportive on what Bitcoin is really that making.
Banning is not new but doesnt mean that there would really be no u-turn on the future, lets see if they would really be making up such opposite decision.

Have you seen the amount of catfish accounts on Instagram? There are countless number of accounts posing to be successful traders, bitcoin investors or financial experts. They showcase a luxurious lifestyle knowing that will easily catch the eye of people. Scammers use Instagram as a tool of engaging their victims, IMO I think this ban will do more good than bad in terms of reducing investment scams online.

It’s silly to think that Instagram ( a social app where people post happy moments and lifestyle) is a place to get financial advice/investments, there are social media platforms that are “business and employment-focused” like Linkedin.

I didn't find any official statements from Instagram banning Bitcoin subject from being mentioned on the platform. It seems like the ban was directed to some Bitcoin posts only, and not every Bitcoin posts. They may have their excuses to have done this, like fighting misinformation on the platform. People are still free to talk about Bitcoin on Instagram, and if any further censorship happens, the affected users should come in public and show what kind of content was censored, so we can have a better understanding if it was really about misinformation or or just persecution against Bitcoin by the centralized platform's operators.

How is there nothing to publish? In addition to photos from conferences, you can publish photos with lambos, yachts, huge villas and, of course, crowds of mulatto women around - like real goals achieved with the help of bitcoin. Although, wait a minute, in Instagram they post photos with this and without reference to bitcoin.


And what's shocking about this? Instagram is far from a top platform for discussing about bitcoin (or disseminating information about it). This is a platform for photos of cats, schoolgirls, blondes with plump lips and vacation photos. How much damage will bitcoin experience after the ban on Instagram? About zero, because there is no target audience there.

There are not so many platforms that support freedom of speech and are becoming fewer and fewer each time. Instagram was never like that.

Instagram was developed as a place for sharing captured moments at first before a lot of persons start using it for advertising and brand marketing. The main reason for the sanction of crypto related content is because of the security of the community. Scammers are impersonating rich individuals and stealing their content by creating fake clone accounts on Instagram to defraud people by promising 10000x of investments and lifetime wealth. The profile of people mostly used are crypto influencers that have a lot of money made from crypto especially Bitcoin precisely. I remember once when i wanted to go into cryptocurrency i joined a crypto pumped group on Instagram and they directed to me Telegram after i joined the Channel i participated in their first pump i was able to buy 100$ of the coin. After some time, the coin raised and i was seeing 1500$ as my profit but i could not withdraw or place a sell order till the coin dumped to nothing. That was a bad experience for me so i am not against what Instagram has decided because it will do more good than harm.

Instagram due to its nature is not really the best place for those that want to find out more about bitcoin or to promote it, so this soft ban does not really have too much of an effect on the markets or on the way its users could use this platform, now if we saw the same happening at X then that could bring way more disruption and it could allow the media to generate a more effective FUD as people love to use X to discuss all kind of things related to this market.

I don't know why Instagram banned it, but it seems that not all accounts that talk about Bitcoin are banned. I still find one of the accounts I follow on Instagram still posting something about bitcoin, especially about trading education and also investment and opportunities. Obviously I'm not sure whether they will also be banned or not, what is clear is that Instagram is just social media and it is not a discussion forum.

Would someone expect there to be a major impact on bitcoin just because instagram banned bitcoin or something about being there? I don't think that's fair, but some in the media would probably make it as FUD.

Cryptocurrency-related advertisements are also banned on Facebook/Meta; it's quite reasonable and no surprise to see why they prohibit anything Bitcoin-related on Instagram too. It's not like it makes any difference, who bothers with cryptocurrency discussions on Instagram. However, I highly doubt that Meta actually cares about their users. I'm seeing a double standard here if we suppose that cryptocurrency advertisements were banned due to the large number of scams, since Facebook is filled with fake advertisements posing as a large corporation that is handing out free or extremely discounted products. Fake Temu ads have been popping up like crazy the past few months.

However, I'm now reading that the ban on cryptocurrency-related services was reversed in 2021 and instead has some relatively strict requirements. Although I don't recall seeing any featuring cryptos for quite a while, Perhaps I've seen it on Binance or Crypto.com, two of the most well-known exchanges, but I wouldn't take my word for granted.

https://cryptobriefing.com/facebook-reverses-crypto-ad-ban/

This isn't any deal here. Instagram is one of the many social media platforms out there. Why do we care if they ban bitcoin. Bitcoin is like water, it will always find its way. So if you block it here, there is another opening for it to go through.
Mark Zuckerberg is pained that his own crypto project just like his thread app did get the traction he thought it would and so he ban bitcoin and all things related to bitcoin on his Meta platform. Does this stop bitcoin awareness from growing? I don't think so. How about its adoption? No. What of its price. Still now. What Instagram has done is as insignificant as pouring water in a basket and expecting it to hold.