Post
Topic
Board Bitcoin Discussion
Re: The Relationship between social media and Bitcoin
by
erep
on 01/07/2023, 19:15:32 UTC
It is undeniable that the internet has really helped bitcoin adoption. Bitcoin has no central authority and there is no fund being channeled for bitcoin promotion from anywhere, so the promotion of bitcoin lies in the hands of everyone. Bitcoin gains nice publicity in the internet during every bull run. This is the time that everyone and including newbies hear the testimonials of bitcoin and run into the bitcoin market.
We can conclude that social media interaction about bitcoin increases during the bullrun season because all eyes pay attention to the significant increase in the price of bitcoin, but some people like bitcoin because they understand the advantages of bitcoin and increase knowledge of crypto fundamentals without being affected by the bullrun season, so we must be enthusiastic about spreading bitcoin promotions to various social media to expand the connected crypto network to everyone in the world.

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But one funny thing is that many newbies at this period of time jump into the bitcoin market to buy the high, by the end of the cycle, bitcoin will dump on them and they will lose money.
Some beginners are interested in testimonials from other people's portfolio profits without wanting to learn market analysis knowledge to buy BTC at low prices, the determination of beginners wants to get the same profit as pro traders but they don't know the strategy to buy at low prices and also don't know the high risks of investing in bitcoin