The problem of Reddit is vote manipulation means any crypto-related topic gets upvoted leads to penality from Reddit themselves and this is something bad for all people.
Social Media effects on Bitcoin.
- Thread starter Niftyyem
- Start date
The user base of the social media would go a long way to influencing the price of cryptocurrencies if a news around the crypto are broadcast.
Social media may not likely influence the movement of a particular cryptocurrency but will rather help people to discuss about cryptocurrencies. Discussing about crypto currency is quite different from having effect in it's movement.
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Cryptocurrency is still very much on an early stage and I thought you are not going to blame people who are following the opium on social media. Inasmuch as it is good to socialize and get information from people it is very important that you should do your own personal information before investing any money .
It seems you are not conversant with the influence of twitter on cryptocurrency. The tweets around cryptocurrency on twitter influence the market value in a great way.
The social media had do much effect or impact if to say on the bitcoin operation because alot of people this days believed in what ever they saw on the media most especially the market demand and it value of transaction or trading.
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If you thinks that the tweet on Twitter can actually influence the movement of a particular cryptocurrency then a lot of people could have used this as the best opportunity to buy and sell cryptocurrencies when a particular information is being tweeted about crypto
Bitcoin is still very much a speculative currency even as at now and that means that news and social media hype usually drive the price very high . This is why I am always on social media to see the kind of news that is going to be announced and how it can be able to affect the price.
It seems you are not too deep on the happenings and fundermental analysis in cryptocurrency. The two places to get Influential news on cryptocurrency are twitter and reddit.
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The social media has a very big influence on the cryptocurrency sentiment. Most especially if you are talking about cryptocurrency news on twitter . It has a very big influence on the market price.
It is true that twitter play a very big roll in the cryptocurrency market. The tweets made by the whales on twitter causes a significant spike in the price of cryptocurrencies.
Oops , unfortunately I don't even have most of those apps on my phone because I don't just want any apps to be as a distraction to me, because I'll be forced to be checking what is happening out in them on daily basis which is something I do not want.
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Ooh! Okay , you will get necessary information on cryptocurrency on Twitter and if you are looking for rumours on cryptocurrency, the best platform to go is the reddit.
When it comes to news on cryptocurrency, the twitter and reddit are the social media to follow. You will get access to the necessary information .
Reddit is a social media that I don't really understand, I've never used it before so I don't really know much about it and how to even navigate in The platform. I just know I have account with them before sometimes ago.
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Social media has a very big effect on bitcoin especially when it comes to the transmission of news. The market is always going to react positively whenever there's news that a country is going to adopt Bitcoin.
Definitely, the twitter and reddit is actually a place to get cryptocurrency news around. You will gain access to the crypto news and the necessary information on cryptocurrency.
The greatest effect of social media on bitcoin is actually the transfer of news. In a world where news can be very impacting that is exactly how social media can be able to make the price to go up or go down very quickly.
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Rich people who have a very high number of followers on social media tend to use this as a way of influencing people to go for a particular trend in any cryptocurrency that they have interest in .
I have heard of reddit as a platforms for crypto rumours. The latest gist on cryptocurrency is seen on reddit and it could help you make a better trading decision. It all depends on the type of news.
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