Post
Topic
Board Bitcoin Discussion
Re: The Relationship between social media and Bitcoin
by
serjent05
on 01/07/2023, 22:54:54 UTC
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.
Yes, I agree with you on this very statement of yours about social media playing a major role in the adoption and price movement of Bitcoin ever since it go launched in 2009, and still playing a vital role today in it's use case such as being a medium where people interact, share news, latest update or even learn about how to buy their first Bitcoin, because I'm a witness to one of those who got introduced into Bitcoin through social media many years ago, and it's been a wonderful experience ever since.

Social media has connected millions of people in different countries.  They enable everyone to communicate in a centralized platform.  With that social media has been one of the most powerful platforms in terms of advertisement and marketing because the different audiences are already available.  With just one click, the adverts are getting published and everyone using the platform can view or be informed about it.  I think social media even beats the main stream media in marketing in terms of number of people being approached.  This is one reason why Bitcoin was promulgated even without the help of the mainstream media in its early years.