It's very correct that if you are looking for rumours around cryptocurrency, the reddit is definitely the way to go. The reddit and twitter are the leading platform to get cryptocurrency news.
Social Media effects on Bitcoin.
- Thread starter Niftyyem
- Start date
I would go to the reddit to get access to the necessary information on cryptocurrency. Most especially the major news coming from the whales. The whales dictate the market sometimes.
The market is moved by the whales . This is the major thing that is been used for the fundermental and the technical analysis. The reddit played a very important role in the whole scene.
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Reddit is discouraging to upvote any crypto-related post and flag as vote manipulation as I have heard from different places and many people.
I think facebook,Instagram and tiktok and more of social media have a lot of things to do in the rise of Bitcoin because it spread a lot of message worldwide and it helps people to know that yes there is a app somewhere where you can invest it also help in the training people because there are platform where you can learn about it easily and faster
The whales
The whales are the game changer and they are absolutely the one who makes the choice and also the market trends. The best thing is to follow the trade movement of the whales.
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It is true that reddit is against cryptocurreny upvote. It will tell you that you are violating their rules. I make most of the money on picoworkers via the reddit upvote.
Twitter and Facebook are the most important platform through which all cryptocurrencies are propagated. But is a good thing. They are empowering people and are making them aware of the possibilities available in the financial system. Cryptos are the future and people would use these coins to conduct transactions and stay off the banking grid.
That is what you will usually experience when a person of authority in his field and has made appriciable mark in a sector speaks, investors usually take him seriously,reason what they say is always taken seriously.
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Facebook and Twitter are main social media were you can get first class information about crypto currency and the king of cryto currencies Wich is Bitcoin.
While bad publicity can lead to price drops, positive news can lead to price increases and social media engagement about Bitcoin. The repercussions of stories and occurrences can also be amplified via social media, causing bigger price changes that might not have been anticipated.
Social media has its advantage and disadvantage on Bitcoin.
One of the disadvantages it has is that it can be used to spread FUD among crypto enthusiast.
One of the advantages is that it can help create awareness on the price of Bitcoin and it's predicted next move.
One of the disadvantages it has is that it can be used to spread FUD among crypto enthusiast.
One of the advantages is that it can help create awareness on the price of Bitcoin and it's predicted next move.
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You are right, most of the time the hoaxes and the FOMO and also the FUD start in social networks and usually expand from there, although relevant information is also shared and make the ecosystem grow with the exchange of information to tell the truth.
Yes, that is the truth, It has its own advantages and disadvantages also, There are a lot of unnecessary FOMO on Social media. There are also lot of valuable information there, Just learn how to filter the informations you come across..
Yes, although it is true that in social networks rewards more the fomo and the fud than the information of value really, but they have their usefulness, at least to communicate with other people interested in the same topics as you, I think that the forums are better to inform you properly and impartially.
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In my own view, I think the advantages outweighs the disadvantages if you can learn to filter the noises.
Or what do you think? Do you think the advantages outweighs the Disadvantages?
No, I also believe that the advantages are higher than the disadvantages, but sometimes everything gets out of control there by the proliferation of hoaxes and misinformation, but it all depends on how you use them and with whom you interact there really, the fact of being able to communicate with people, exchange thoughts, be able to read news and be informed first hand of the news of the industry and its references are advantages that do not they can be denied.
Bitcoin has gained notoriety among the youth and it has become a peer discussion for most of the youth this is why it will have a great influence on social groups
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Yeah, it largely depends on how you use them, and the people you interact with.
Or The people you are following on social medias like Twitter and the rest.
I strongly support all you have said, and I would also use this to my own advantage.
I think that bitcoin is definitely much popular when it comes to young people. However, there are a few elderly people as well who might have been interested in bitcoin investments.
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