Topic: Social media has benefitted Cryptocurrency, here is how. - page 4. (Read 913 times)

The people who believe that social media is a driving force for business are greatly mistaken.

Just 30% of the world's internet traffic is social media, of that 30% Facebook takes most.
The Internet, and social media with it, by definition is neither a place where people go to shop, far from it.


Bitcoin grew due to active action, faucets made roll the ball.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

There are bad people everywhere. There are even more on social media. We can't ignore the good things being done there just because there are bad people somewhere. Social media is an important tool for the development of cryptocurrency and its spread to more people. Many projects have been introduced and continue to be introduced on social media. Projects reach a large number of people through social media.

One of the biggest roles of social media today is that it makes it easier and faster to reach people. Sometimes the way to access information is through social media. Sometimes the way to present information is through social media.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

No one can control that because in the end social media has a wide scope so it is possible that something like you said is true where social media can be used as a tool to create slanted news against crypto because this will not be controlled by us.

But even so, I think we must understand that every technology must have positive and negative impacts. Likewise with the impact of social media for crypto because not all will provide false information. So the point in this case is that we cannot swallow the information we get from anything even if it is from social media or other media because for learning about crypto, especially bitcoin, everything can be done anytime and anywhere but we must try to filter well whether the information and new knowledge we get is relevant or not to the truth that is happening and that can only be found from research on the learning we do.

There's no body that is going to blame the social media for the ignorance and greed of anyone that has fall victim to scammers. The truth is that "nothing is perfect," Like @EarnOnVictor has said. Anything that has advantage also has its disadvantage, the social media have been used to promote so many altcoin project and I am quite sure that through some social media platform, many people have tried to talk their friends into investing in Bitcoin via their chats on those social account.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

 Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

True. There are people who sell stuff on instagram specifically. If one day insta goes down, so will their business. It is scary to see that lots of people depend on these social media platforms a lot. People don't want to rent a store and sell stuff anymore. Retail is pretty much dead. Especially after the pandemic, the demand for online shopping went through the roof and that affected in a positive way crypto too. Some of those people use crypto for their purchases in the end. The number might not be great compared to credit cards but it is better than nothing.

Social media have made huge impact n every business connected to the internet and cryptocurrency is one of the major beneficiary. All cryptocurrency projects uses the social media for their marketing and publicity; as a matter of fact, the size of social media community is usually a measure of how big the cryptocurrency project is. Without Telegram, X, Reddit and others, many people wouldn't have known some cryptocurrency projects we have today. That scammers also use social media to steal from people does not mean that social media is bad for cryptocurrency. Scammers will always be there with or without social media, it is just for people to be careful.

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

 Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

 Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.