Topic: Popularity of BITCOIN on Twitter Declining? - page 6. (Read 705 times)
I would touch a bit on the bounty and bounty hunters this favours altcoin more even during the bullish market era there where alot of traffic done by bounty hunters on twitter to get weekly stacks but since bitcoin was the biggest fish in cryptocurrency and was doing greatly also at that period it benefited from the actions
From the statement of Op if there is a large number of tweets being tagged with bitcoin as well cryptocurrencies then there is massive adoption happening all around. Right now as the tweets have decreased it means there is not much of adoption. These are just information sharing, but the reality is different. To experience the reality you need to take a survey with equal number of participants around the globe and Twitter is not the way to determine the adoption level of bitcoin.
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.
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.
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