Social Media effects on Bitcoin.

[Erik4150]

Honestly speaking, I found out about bitcoin on a facebook group. Many people found out the same way. There are also a handful of telegram groups that notifies me of any upcoming airdrops. Social media plays a big role for cryptocurrency.

 

[ronaldlorenzo01]

honestly, I hated Facebook advertisements with so many comments, " Hey invest in our company" etc etc. Once you join them they are only just a big scam. No way I will never try again investing on any sites advertise on facebook.

 

[moonlight]

All in all, their results indicate that social media is a significant indicator of bitcoin's future values. The higher (or lower) next-day bitcoin market price is significantly correlated with more bullish (or bearish) forum posts. Yet not all social media are equally made.

 

[Bilal0087]

The initial three interpersonal organizations are practically self-evident - they can be utilized to arrive at a wide assortment of crowds. On Facebook and Twitter, casual correspondence is energized, while the expert organization LinkedIn makes ready for an enticing universe of speculators, crypto evangelists, and experts from the blockchain and crypto industry. Quora, according to the majority of articles on advancing crypto projects, is an absolute necessity have channel.

It is additionally clear that any crypto startup or item should have its own Reddit account.

Social media have great power and effectiveness in promotion of every type of events, Twitter have most influence on Bitcoin price as I learnt about Bitcoin from Twitter, thousands of people are coming to online world due to the social media awareness

 

[clandongan]

Social Media can influence the dynamics of investment behavior. In the world of social media, a single tweet or a forum post can move the market upside down. Social media had a significant impact on cryptocurrencies and helped the crypto market in adoption but also played a major role in market volatility.

 

[Afrinish]

Facebook twitter istagram is the most popular of the plat from advertising of the bitcoin .bit coin is the crypto currency really help ful of the market advertise of the currenty of the currpto currency of the social.media currency is the power ful.currency

 

[Abbas ali]

I normally gets first hand news of bitcoin prices and increase through google, i didn't even signed up for it but they normally send me news and updates whenever the price goes up.
Inform me.

 

[Eodine]

Bitcoin has been a profitable crypto currency one could always trust over the years and social media presence has helped in creating awareness to the general public. Social media has been a place where any information could be outsourced.

 

[Tariq Shehzad]

yeah, social medias has effect for the bitcoin trend like Instagram, twitter and Facebook. All of these the Facebook has the major effects for the bitcoin about the changing about information and keep well informative.

 

[Zamaney]

Overall, our findings show that social media is an important predictor of future values of bitcoin. More bullish (or bearish) forum posts are significantly associated with higher (or lower) next-day bitcoin market price. Yet not all social media are created equal

 

[Oliver 20]

Generally speaking, our discoveries show that socia media is a significant indicator of future estimations of bitcoin. More bullish (or bearish) discussion posts are essentially connected with higher (or lower) following day bitcoin market cost. However not all web-based media are made equivalent.

 

[ansahweh]

Yes it’s true that social media affects currencies and bitcoin isn’t an exemption. The main part of social media is information and news so why not? It should play a major role in the cryptocurrency market and other currencies as well.

 

[Niftyyem]

Yes it’s true that social media affects currencies and bitcoin isn’t an exemption. The main part of social media is information and news so why not? It should play a major role in the cryptocurrency market and other currencies as well.

You are right. The effects of social media on Cryptocurrencies in general cannot be ignored. A large percentage of people into Cryptos now, got familiarised with the whole thing on the various social media platforms.

 

[Azhar119]

Overall, our findings show that social media is an important predictor of future values of bitcoin. More bullish (or bearish) forum posts are significantly associated with higher (or lower) next-day bitcoin market price. Yet not all social media are created equal.

 

[Lyrrex]

Facebook is the main platform where you get first hand information about Bitcoin news and stories, apart from Bitcoin news, everyother news too are also there, everything you need to know is on Facebook.

 

[Jomarie05]

The tiktok is one of the major platform that have impacted and have effect on crypto currency.Findings reveal that social media sentiment is an important predictor in determining bitcoin’s valuation, but not all social media messages are of equal impact.

 

[iamgroot]

The period we are now is a time where almost everyone has a social media account and I cannot but wonder how far social media has helped increase awareness of bitcoin and even affected the price of the king of all Cryptocurrencies. Also which platform do you think propagates bitcoin the most?

Yes, anywhere on social media platforms you can see that crypto currencies are being talked about not just bitcoin. It plays a big part and contributes so cryptocurrencies are moving faster. Many are already interested and want to learn how to handle it, trade and how to grow it.

 

[Kelly5]

The period we are now is a time where almost everyone has a social media account and I cannot but wonder how far social media has helped increase awareness of bitcoin and even affected the price of the king of all Cryptocurrencies. Also which platform do you think propagates bitcoin the most?

The only effect I will think the social media has on the Bitcoin crytpto currency is the fact that it is making it more popular and widespread for people who are looking cryptos a strange thing.

 

[LaylaG]

YouTube on telegram is the number one leading exposure of people to bitcoins and other cryptocurrency because for me personally I did not have any understanding of bitcoins and how it works but with the help of social media like YouTube that help me to know a lot and how bitcoins is being used in some online transaction.

 

[Alexandoy]

When it comes to public awareness Facebook is the number 1 in my list. With the almost 3 billion users of Facebook it has all kinds of people, so to speak. When someone posts something new then the people in his friends list would bite the item and even spread it. After a few days the new item will go viral in Facebook. With the Bitcoin the market price may be affected by the posts in Facebook although now I don't see it happening yet. Think if someone would be posting something against the Bitcoin and if it goes viral then for sure the Bitcoin's market price will go down.