Topic: Twitter will enable crypto and stock trading via eToro partnership (Read 348 times)

Well, we all saw Elon's movement coming with twitter and Doge, now what Elon wants to do is seek to get Etoro afloat, for me it is a new platform but it is not yet crowded, what saves this broker is that it can do operations with bitcoin and some crypto, and now this will make it one of the brokers with the most searches and new registrations that will join them, because Elon is a great influencer here,any change he makes for his followers will always be the best , then this Movement Elon knew how to do.

I dont have an option to trade on eToro through Twitter, but I think that only verified accounts will be able to trade. (If I got your post right, that you are worried that kids will use Twitter to trade and most probably lose money). Not saying that verification is a 100% safe method to limit kids from making wrong decisions, because they can get already a verified account or buy docks on shady market. But if a 13 years old kid know how to do that, than he isnt dumb as minimum, and as maximum wont go all-in on a shady stock from eToro.

Although I think this is about a matter of preference or what someone would dislike or not and this would only be a matter of unending discussion. But I remain to what my opinion is about it, that I do not like Twitter that billions of people are visiting to link a crypto exchange platform to its site.

I am even wondering that a platform (Twitter) that allows 13 years of age people to register on the platform (Twitter) to make such move. Like I said earlier, this is just my opinion.

That seems interesting but I also think Twitter is still not capable of its implementation. It is a social media app, and not a literal crypto exchange. So seems like it might be inconvenient for traders to trust Twitter at its new venture. Though it’s a good start for Twitter to accept those challenges, but expect that traders will experience lapses on the app as its still in the adjustment and adoption process.

That's not a new concern, working on a centralized application will never be anonymous, and I think the "oversight" will be mostly done by eToro since they must have had such terms of use in place before the partnership happened. But don't worry, real traders don't play with their time using integrated trading apps that are not their thing.

Then we should ban discussion about crypto on Twitter too because it might lead to people investing in shitcoins, we should ban every exchange and every crypto "project" owner because it will give exposure to a thing where people might lose money.
Besides, again, what is not voluntary here?
Nobody is forcing you to do anything! I have had a Twitter account for a decade and I haven't made one post! One single post!, although probably I've read a million tweets, not one post, not a retweet, not one like!


You missed completely the point and went on a neverending story path, it wasn't about trading it was about the bias when analyzing something.
Every single person was bragging about how trading is helping poor countries, how Africa is breaking records on Paxful or any other platform, and now suddenly out of the blue, trading currencies are bad, and the only reason for this 180-degree change is that this one is run by Musk, nothing else!
We have 1 billion pages on how to encourage people to trade and buy cryptos, one trillion on how do we need to defend against the evil corporations that want to ban and destroy trading, and one quadrillion about how we need more investments and more exposure but when Musk does this is suddenly bad and all the board goes Helen Lovejoy style!

It is not about Musk forcing people to trade, it is about exposure of trading that it brings to people that is using Twitter. As ifr me, I should not be like that, let anyone that wants to trade to open account on an exchange, that would be voluntarily, not by seeing anything that just directed you to trading on a platform that supposed not to be a social media. I can understand byou that life is not balance, but I am only giving my opinion about what Twitter and eToro partnering can result to about exposing more people to trade, even including the people that do not know how to trade.

Before crypto, were forex, stocks and commodities trading. Are those not enough to pull people out of poverty. Let me explain better. I have been in crypto since 4 years now, I have known very well about all types of trading and I prefer to go into derivatives, the perpetual futures if I should be more specific. The lucky days I had were when I trade in the direction of the market, like opening long possible during bull market. Some people think that they are making money from crypto trading, but they were lucky to open position in the direction of the trends, just like holding. The bear market can come and the result could be bad.

In my experience, crypto trading is risky like other trading. Also who is in poverty would not have enough to use to trade, trading required data bought from services provide, device like phone or laptop. The data it can consume is far more than other types of trading because crypto exchanges are heavy loading sites, but my comparison is with forex trading, not all. This aside.

Let me further the explanation. Because some people are holding or opening swing position in the direction the market is going, they said trading is good and they are making money from it.

If not for trading and because I thought I have a lot of experience in trading, I would have been a millionaire by now if I just keep holing bitcoin and some other coins.

Trading is not easy than newbie traders think, some people do not know it is like gambling until they lose significant amount of money in short time just like gambling. And we should know that people that lose from trading in real life are more than people that continue to trade. Some lose and leave scalping and day trading for swing trading. But some people see how their life is ruining with continuous losses and become calm and wait for bull run time to just hold instead.

According to the stats that I have seen that was as a result of many traders experiences about trading, most traders later stop trading, especially the ones that become married. Most of them that did not stop trading change to swing trading. Only little chose that they continue with scalping and day trading which are the actual trading.

It will help to expose cryptocurrency to more people as Twitter is a very good advertisement platform for cryptocurrency from projects to influencers and even scammers in this industry.

If Twitter deploys it well and have good security to avoid exploitation on their platform, that is good if people can check tweets and trade directly on Twitter. I am not sure about security for such integration but let's see how they do this. In addition, I don't use all my capital to experience trading on Twitter in their partnership with eToro.

He loves doge and people love doge too. People want to see Elon's tweets about Doge and he generously gives those people, his followers joyful experience.

If you work with cryptocurrency via Twitter, you will not be anonymous. The main question is, why would you work with cryptocurrency via Twitter if you have DEX? It's just that you'll have extra eyes following you - and there may be some problems that are not yet being talked about.

Well, Twitter is a company, and companies do businesses, and businesses make profit, so I don't see any problem there I guess.
After all, integrating crypto trading on Twitter just increases the chances of cryptocurrency being seen worldwide because for sure, there are some Twitter users out there who doesn't, or worse don't know crypto at all.

Elon really is changing Twitter the way we know it. Crypto trading has risks, and it really isn't for everyone, but on the other hand, Elon isn't forcing those people who are using Twitter to use that additional feature. This might sound crazy for others, but I'm not using Twitter anymore, and I've only used it when I was joining bounty campaigns.

I tried trading on eToro though, and I think it's good especially the copy-trading feature. I just don't know why whenever Elon Musk is having some updates, they always connect DOGE with it.

Is Musk forcing you to trade? Is Twitter forcing you to invest? Nobody is forcing you to do anything!
If people want that they will use the features if they don't they won't simple as that!

One week ago we have topics about how crypto trading is pulling people out of poverty in Afri ca and everyone is clapping now when Musk allows this everyone is about the loss. Nobody brought the loss into a decision when it was about CZ and his #safu unregulated exchange but when is about somebody else all the biased comes to the surface!



The USA is where the money is, if Mozambique had the wealth of the US there would have been apps targeted only at them, but until that changes, this is the reality, and that's why every company wants to be listed in the US, that's why everyone wants to sell products in the US and this is the reason there is no Lamborghini dealership in Kampala.

now it's easier to take other people's advice, trade it and lose money.
I believe Twitter now is gearing up on a different course than its original purpose.

Regardless if it's true or would truly happen, only use the platforms that are beneficial to you. If you want a reliable news, use platforms releasing reliable news. If you just need a platform to trade, just use a platform for trading.


This means a bullish stance for Doge because it has another utility. But only if this happens.

Twitter needs to first control spammers, bots, scammers and it's security. There have been in the past & present of scammers able to influence trends using bots. Just imagine what will happen when someone uses this new feature. Accounts getting hacked is something which is very common. Genuine accounts getting banned is also an issue. Spamming & trolling is a common on it.


I think it is too early to implement a trading feature like this. You never know suddenly Elon might tweet that Dogecoin is the official currency of Twitter after this trading feature gets activated.

Exactly. On Twitter, there you will see a lot of people talking cryptocurrency. I believe that Twitter is the famous social media platform that most of cryptocurrency-related topic and cryptocurrency popular personalities are also there, so for me, this is a big Win for cryptocurrency market. I believe it will extend to cryptocurrency market.

Twitter's reputation is deteriorating as time goes by. First, Elon Musk used Doge as the Twitter logo on the web, resulting in Doge's value increasing by more than 30%, only to later remove it. Additionally, he made posts about APT, which caused Aptos to surge as well. Currently, Musk is attempting to transform Twitter into a trading platform. I fail to see the logic behind this move. If a trading platform is what he desires, why not create one and connect it to Twitter? Perhaps he is attempting to be a jack of all trades, but I cannot fault him. He earns $8 in monthly subscriptions from Twitter users, and there have been no complaints about his behavior.

Elon Musk wants to offer Americans an ‘everything app’ like China’s WeChat. One hurdle? Habits As others said already, he is probably going in this direction, but who knows what Elon will do actually.


Elon and his ideas... I don't have much faith in his words, Elon easily changes his mind at the end. But he is still full of money and can try to make his dreams come true... but whether he will succeed or not, we will see.

It's really a good partnership and a great move for Twitter I guess, but till now I don't see an update regarding this news. If someone knows the newer news I would like to know if Twitter is already implemented that update to Twitter. As a social media with many users in it, I'm pretty sure this thing will boost crypto prices too.

Yes I was also confused as this news. I actually assumed it might of been some April fools joke. No idea exactly why he wants to do this.

You can just trade with a simple Twitter account with just a regular email address and password. You need to pass KYC and fund the account. No idea how to make that possible with Twitter. Would of been better to just incorporate stocktwits more and make people trade from their own broker separately. But we will see how it works exactly.

This would likely drive a lot of people into crypto trading and possibly losing money but hey, at least a lot of them now knows crypto and not just ranting about almost everything

But seriously, Elon needs to take into consideration the possibility of getting a lot of people hooked and addicted to trading and losing a lot of money. There should be certain specific requirements that an account should have before getting this feature enabled on their accounts. But overall this is a nice partnership, and hopefully it becomes a fruitful one for the benefit of the crypto community too.

As its most likely just a US based experiment KYC won't come to non verified users, should that happen it goes bye bye twitter.