Quote from: Princess Leah on September 05, 2024, 05:45:38 AM

I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.

Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.

Is there anyone that really says that social media didn't benefit Bitcoin? Social media has its pros and cons but to my mind, its pros outweigh the cons. Via social media, communication is easy, news sharing is easy, and millions of people are connected with each other easily around the world.

Quote from: Princess Leah on September 05, 2024, 05:45:38 AM

Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.

Besides Airdrops, I think that Freebitco.in was the website that greatly benefited the Bitcoin community. There are many people who entered the Bitcoin world thanks to Freebitco, there are many people who earned their first satoshis from this website.