I don't see it that way actually if you would notice the bounty distribution on some campaigns
Twitter's bounty distribution percentage has increased compare to before.
Topic: Popularity of BITCOIN on Twitter Declining? (Read 709 times)
Ever since the big bull run we had in 2017/2018, we have seen a tailing off of interest, but that doesn't mean that people are albeit less interested. Maybe there is a restructuring of interest and it's usually now big traders who talk more about Bitcoin, so it has become more of an expert or niche market revolving around day traders, etc. I think over time as more and more people become aware of Bitcoin and its uses we might get a bigger interest and Twitter and other Social Media outlets will reflect this of course. Let's see if the Bitcoin halving event taking place in 2020 will help bring about more awareness and buzz around BTC on Twitter.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.
2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.
These can be the two reasons why chart shows such a long tower in December 2017.
The bounties immediately came to my mind, as the tweet history of bitcoin in 2017 increased on twitter. It is because of the number of twitter campaigns that the requirements are to tweet with the project name on the hashtag and bitcoin. This could also be due to the recent news that bitcoin's price hit nearly $ 20,000 and many have commented on it and tweeted their feelings in those days.
I've noticed this myself.
The decline can be evidenced by searching 'bitcoin' TOP and seeing the dwindling number of quality posts.
The decline can be evidenced by searching 'bitcoin' TOP and seeing the dwindling number of quality posts.
I think popularity can be measured in different ways. The proportion of #bitcoin in the hashtag population is one way, but there surely has to be a combination of factors, including hashtag, keyword and other variations of bitcoin (satoshi, btc, bit coin etc.). Also I could have one #bitcoin post have 100s of likes and engagement activity, as opposed to 100s of #altcoin post with 0 RTs/likes/comments.
Which would be more popular from our normal view? Surely the one with higher engagement.
Which would be more popular from our normal view? Surely the one with higher engagement.
Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.
However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.
2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.
These can be the two reasons why chart shows such a long tower in December 2017.
Bounty hunter most tweets on twitter with their bounty campaign every day, one participants of bounty campaign make more than ten tweets on twitter during one day, they make bitcoin and altcoin become popular on twitter social media and give positive effect to interested investor, cryptocurrency have working with social media twitter to continue crypto exist could promote in twitter for long time. However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.
2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.
These can be the two reasons why chart shows such a long tower in December 2017.
I think a huge reason for the decrease of popularity, is that Twitter deleted a lot of spam account, which obviously was used in bounties, and, etc.
In general, I think that it is a good thing because there are a less spam and more higher quality posts.
People who believe in Crypto is still out there, Bob
In general, I think that it is a good thing because there are a less spam and more higher quality posts.
People who believe in Crypto is still out there, Bob
maybe the popularity of the bitcoin chart in December 2017 I think because it affects prizes and also trade where at that time many prize hunters took part in Twitter campaigns to get bitcoin prizes because last year the bounties that were superior in the campaign were all paid for the campaigns we participated in. unlike the current prize it is very sad for prize hunters and in December 2017 if I'm not mistaken that the price of bitcoin is very high so traders are very enthusiastic to make gifts about bitcoin.
well twitter does not stand for the majority of cryptocurrency ,and besides the graph may coincidence and just a timing when the chart was created so i don't think this is something to be afraid of
and popularity of bitcoin is not the basis of adaptation because social media is just a platform but reality tells upon the investments entering the market,though i believe also that in some points this helps to advertise crypto
and popularity of bitcoin is not the basis of adaptation because social media is just a platform but reality tells upon the investments entering the market,though i believe also that in some points this helps to advertise crypto
The trend kind of reflects the past prices of Bitcoin. Look at January 2017 to January 2018., i don't remember in detail how price activities behaved around that period but I remember that was the bullish period. The price of Bitcoin rose around April hence the visible spike.
There are other factors that are probably responsible for this I wouldn't want to go into. Your bounty theory makes sense though
you can just simply check the past activities of cryptos from those years here in CMC https://coinmarketcap.com/ and see everything that happens within those years There are other factors that are probably responsible for this I wouldn't want to go into. Your bounty theory makes sense though
Interesting that there was more mentions in year 2015 than there is now . Only thing that i can imagine is that in year 2015 twitter was not combating bots but now they are. Also interesting that recently there was a sharp drop in mentions to almost zero. Lets see if it will bounce back to average level.
I think that all the accumulated talk of bitcoin in that 2015 was what manifested in 2017, which means that as much as people were even talking about it in that 2015, their talk really never made much effect but was piling up till its cup became fool in 2017 and it was time for it to explode.Look at the people that had invested in bitcoin in 2015, if they had giving up among all the criticism, would it have been possible for them to be able to yield their profit in 2017? This to me shows that patience is what we need in bitcoin investment, we just have to know that there is a time for everything, bitcoin may not look much popular now as much as it was then, but it is gradually getting real adoption, and in a matter of some years’ time, bitcoin will actually gain that popularity again that the whole world would talk about, waiting for another 2 years more would not be a bad idea.
The trend kind of reflects the past prices of Bitcoin. Look at January 2017 to January 2018., i don't remember in detail how price activities behaved around that period but I remember that was the bullish period. The price of Bitcoin rose around April hence the visible spike.
There are other factors that are probably responsible for this I wouldn't want to go into. Your bounty theory makes sense though
There are other factors that are probably responsible for this I wouldn't want to go into. Your bounty theory makes sense though
Interesting that there was more mentions in year 2015 than there is now . Only thing that i can imagine is that in year 2015 twitter was not combating bots but now they are. Also interesting that recently there was a sharp drop in mentions to almost zero. Lets see if it will bounce back to average level.
I think that all the accumulated talk of bitcoin in that 2015 was what manifested in 2017, which means that as much as people were even talking about it in that 2015, their talk really never made much effect but was piling up till its cup became fool in 2017 and it was time for it to explode.Look at the people that had invested in bitcoin in 2015, if they had giving up among all the criticism, would it have been possible for them to be able to yield their profit in 2017? This to me shows that patience is what we need in bitcoin investment, we just have to know that there is a time for everything, bitcoin may not look much popular now as much as it was then, but it is gradually getting real adoption, and in a matter of some years’ time, bitcoin will actually gain that popularity again that the whole world would talk about, waiting for another 2 years more would not be a bad idea.
Anything that goes up must come down, right?
Some people get bored of spamming Twitter with these "go BTC!!" tweets. They get kinda annoying at a certain point, I used to always miss important information regarding Bitcoin on Twitter due to the fact that most of the tweets were spammy.
BTC mentions on Twitter doesn't mean anything to me. It's the coin and the community that has to keep on going and growing.
Some people get bored of spamming Twitter with these "go BTC!!" tweets. They get kinda annoying at a certain point, I used to always miss important information regarding Bitcoin on Twitter due to the fact that most of the tweets were spammy.
BTC mentions on Twitter doesn't mean anything to me. It's the coin and the community that has to keep on going and growing.
I believe that the reason for the decline of bitcoins popularity on twitter is the rise of the ICOs and IEOs including airdrops. Majority of people who are twitting bitcoin are the same people who are hunting new cryptocurrency its either to purchase, join the bounty and aidrops. Since those people are always on the go to find new income opportunities they no longer search bitcoin on twitter. But it does not mean they do not want bitcoin anymore, the reason they are hunting for new crypto income opportunities is to increase their bitcoin amount and profit.
I do reposts on Bitcoin and Ethereum quite often. People understand that there is a crisis in the cryptocurrency market, therefore they are not as active as before. I think that the situation will change when the price of Bitcoin is again more than $ 10,000. 
I believe that the reason for the decline of bitcoins popularity on twitter is the rise of the ICOs and IEOs including airdrops. Majority of people who are twitting bitcoin are the same people who are hunting new cryptocurrency its either to purchase, join the bounty and aidrops. Since those people are always on the go to find new income opportunities they no longer search bitcoin on twitter. But it does not mean they do not want bitcoin anymore, the reason they are hunting for new crypto income opportunities is to increase their bitcoin amount and profit.
According to the Bitcoin tweet chart, if you leave Dec 2017-Jan 2018, the mentions have remained almost same from 2014 to today. I doubt that can be considered an indicator for the declining trend. If you look at the chart closely, the time when bounties were at the peak which is the time between Sep 2017-Nov 2018, the twitter mentions were more or less the same. I doubt the hype of bounties were anyway related to the Bitcoin's popularity.
As the users who are using the cryptos mentioned most of the digital channels like Twitter, FaceBook etc will be updated with the bitcoin data mostly by the subsequent project owners, supporters and through bounties but the individual users graph will have a downfall on the interest levels on making posts.
If the increasing trend of Bitcoin price continues like now, I suppose that the tweets about Bitcoin will be more than now. According to my observations and to many people; when Bitcoin price starts to go up fastly, people are starting to talk about Bitcoin much more than before.
For me it is true that the popularity of bitcoin on twitter is declining because the number of bounty hunters joining twitter campaign is decreasing, we all know that right now there are a lot of projects is not worth it to join that's why many bounty hunters is finding an alternative ways to earn aside on promoting on twitter, but i am still sure that bitcoin will be popular again when the price of it will.start to rise again.
The decreasing number of successful ICO projects have contributed to decrease the number of tweets on bitcoin at the moment. When ICO projects were booming with many successful tokensale, there were many successful people tweeting about all cryptocurrencies and not just bitcoin.
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