Post
Topic
Board Bitcoin Discussion
Re: How twitter affects the price of Bitcoin
by
Slow death
on 03/10/2018, 16:26:41 UTC
I am a researcher studying how messages in twitter affects the price, for my thesis. I am currently creating a library grading unique expresions and words that are used in cripto and trading environments.

these guys:

Twitter will not have any effect for the price movement because in my view twitter is only a tool to carrying bad news or positive news and back again it all depend on the people who spread the particular news which make the price down or up so if the price starting to dropped we cannot blame social media because people who behind it already make the price difficult to up again

This is not 2010-2011 for social media to have great influence on bitcoin's price movements wherein by that time.

You have a point, but I won't agree with it. A simple tweet from a very influential personality  will change everything.

I thought that was before, when people don't notice that tweets of people like litecoin creator Charlie Lee affects litecoin's price.

I think as of today, people are aware. They think before they agree on a tweet. Thanks to Roger Ver.

have said many things, I'm just going to add a few things.

Imagine if any Core members were on twitter and said that bitcoin has a big bug and that people would lose their coins, what do you think would happen? the price would fall a lot.

imagine vitalik buterin on twitter and say that ETH has a big bug and that everyone would lose their coins, what do you think would happen? the ETH price would drop a lot

It is not the social networks that increase the price, it is the people who have a great influence that increase the price. a vitalik twitter, someone from the Core, jian wu, John McAfee are different from many people without power.