Is all of the more than $250 billion worth of crypto markets at this point just the value of our expectations & communication efforts? Can social platforms as TikTok, Twitter, Reddit, Facebook easily manipulate our crypto market?Yes, they can. It's because people are stupid and greedy. If they were smart enough, they wouldn't have been fooled by a couple of Elon Musk's tweet or that Tiktok video. If they weren't greedy then they wouldn't have set they buy order and then lost money. Sometimes, I don't find any line between advertising using KOLs and shilling.
Of course it is. Even Bitcoin has such current popularity to a greater extent because it has become too famous. Therefore, social networks are very important for marketing. It is enough for a person like Elon Musk to declare that he likes this coin and this immediately sharply increases the demand and price for it.Is all of the more than $250 billion worth of crypto markets at this point just the value of our expectations & communication efforts? Can social platforms as TikTok, Twitter, Reddit, Facebook easily manipulate our crypto market?Yes, they can. It's because people are stupid and greedy. If they were smart enough, they wouldn't have been fooled by a couple of Elon Musk's tweet or that Tiktok video. If they weren't greedy then they wouldn't have set they buy order and then lost money. Sometimes, I don't find any line between advertising using KOLs and shilling.
The norms now is work from home and stay from home.It is true that TikTok is having a wonderful period of growth, especially thanks to the period of isolation and limited social interaction due to pandemic. Perhaps the intensity of TikTok's impact on users is stronger than Facebook & Twitter.
It seems there's always a family gathering every day. 😀
Tiktok save the lives of people's boredom.
Social media marketing now is effective during lockdown while people staying at home they browse and browse and do games and watch and make videos.
Wise move of Dogecoin.
Perhaps many people are aware of the recent DOGE coin boom thanks to promotion through videos on the TikTok platform. This is unexpected, because even Twitter is unlikely to do this when their CEO is a crypto advocate, and Facebook is still struggling with their Libra project.(https://echomskufa.ru/wp-content/uploads/2020/04/Snimok-2-680x365_c.jpg)
What do you think about the statement of Anil Lulla, former analyst at Bloomberg and co-founder of cryptocurrency research firm Delphi Digital:
“The recent rise of dogecoin, a meme coin, should serve as a reminder to everyone in the space that the most popular use case for crypto is still purely speculation,”
Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos (https://www.coindesk.com/dogecoin-volumes-spike-1900-in-2-days-amid-viral-tiktok-videos)
Is all of the more than $250 billion worth of crypto markets at this point just the value of our expectations & communication efforts? Can social platforms as TikTok, Twitter, Reddit, Facebook easily manipulate our crypto market?
We see that social media is very often used to advertise cryptocurrencies. Earlier in bounty campaigns, when new projects carried out their ICO, the main importance was attached to signature campaigns, that is, advertising both on this and on other specialized forums. Now the main focus is on social networks, subscription campaigns are already very rare, often they are not provided at all.
We all know that how much impact social media can do on this crypto platform. Specially i wanna mention about the twiiter. Its a huge platform for crypto to publish the latest news regarding crypto. You can get that if you search the influencer idea how much affect its actually doing on it and the price are following it. We all know that what elon musk did by his twitter he just bring the Dogecoin to the moon. So that we can easily understand how much role it can play on crypto.
The impact of social media on cryptocurrencies cannot be emphasized, both good and bad, mostly the former. Cryptocurrency adoption has been hitching free rides on the bareback of social media platforms like Twitter etc. The latest instance is Dogecoin(which came on as a joke) is mooning seriously since Tiktok's users usageI dont consider titok to have more influence than twitter in cryptocurrency. Elon musk has 17m followers on tiktok compare with the active twitter of 78million. Whereas twitter possess more influencers than any other social media platforms. With my experience here the use of social media has been changing across social platform since the launch of bitcoin and had grown to involve the so called richest man, Elon musk
Yes, the social platform can manipulate the cryptocurrencies if you are celebrity like Elon Musk. We all know once Elon tweets about doge or bitcoin then there will be an affect of the price but it seems he just rarely tweets about cryptos, he is busy working rockets you know.
Let think about this, can any crypto project survive without the use of social networks as a tool for partnerships, Collaborations and advertising, I think the answer is no.
The impact over the years as been overwhelming.
Take AltcoinTalks for instance, the impact has been laudable. I won't have heard about A GameFi, metaverse and NFT project called Arcade
A play to earn where users can compete with their skills to earn the native tokens of the ecosystem.
So this is the Impact we are talking about.
The influence of social networks on the cryptocurrency market is very huge because all cryptocurrency investors are on social networks, and therefore, when various news about cryptocurrencies appear on social networks, cryptocurrency investors immediately begin to either buy cryptocurrencies or sell cryptocurrencies, so there is nowhere without social networks.
the impact of social networks on crypto currency has an important role because it will affect many people.Social networks sometimes make us confused too, for example we choose coins that we believe will provide benefits. But on social networks it turns out that the coin is getting bad news and Fud, meaning that this social network really affects the mentality of a Crypto trader. But because of this social network, we can get news news faster. So that we don't miss out if we want to make a decision, want to sell or buy Crypto on the market
Social media can be a key to success if used smartly. However, it could also create FUD if not used well. Social media is surely a power tool which can be used to a good advantage to promote the adoption of cryptocurrency
Social networks are very important for marketing.People interested in and holding cryptocurrency, can get just about any information on it via social channels. Facebook, Twitter, and especially Reddit.But make sure its from relevant and good sources.
Wow, I just heard about this. I hope so that not only coins/money can be used to reward videos on tiktok but also with cryptocurrencies, especially dogecoun. haha-It is true that TikTok is having a wonderful period of growth, especially thanks to the period of isolation and limited social interaction due to pandemic. Perhaps the intensity of TikTok's impact on users is stronger than Facebook & Twitter.
Hope everything will be fine with DOGE coin if this TikTok trend will have a long-term impact, I am thinking: will TikTok ever allow users to tip videos on TikTok with DOGE coin, that will be makes DOGE coin not only to-the-moon, but also to-the-sun ^^
Let think about this, can any crypto project survive without the use of social networks as a tool for partnerships, Collaborations and advertising, I think the answer is no.I remember that in 2017-2018 there were practically no advertising campaigns for new projects in social networks. Advertising was carried out on similar forums for cryptocurrencies with signature campaigns. Now the cryptocurrency has gone beyond the profile forums and moved to social networks. But it is hardly worth arguing that new projects will not survive without social networks now. People are now more informed about cryptocurrency and already know where to look for news about it in addition to social networks. At the same time, I agree that social networks play a big role in marketing new cryptocurrency projects.
Is all of the more than $250 billion worth of crypto markets at this point just the value of our expectations & communication efforts? Can social platforms as TikTok, Twitter, Reddit, Facebook easily manipulate our crypto market?
Social networks advertise cryptocurrencies well, as there are many users who do not know about cryptocurrencies until now, many investors come from there. Social networks are doing their job in terms of advertising.