What do you think about crypto adoption through social media ?

[Bee-tech]

In as much as crypto adoption is being pushed by social media platforms I’m still not 100% convinced that most people who are getting onboard are fully invested in crypto for the long term.

 I mean most people are just in for the quick profits they can make from memecoins. You might be wondering why i came up with this, it was because i found out this social network called ZORA reward users with crypto token all in the name of crypto adoption.

 It didn’t seem right to me, don’t get me wrong, I know crypto adoption should be pushed but i think the approach used by the app will onboard those who think crypto is a get-rich quick space which is not  right. They would rather invest their time in memecoin trading instead of gaining knowledge about Bitcoin and the crypto ecosystem.

In my opinion, i think social media is one of the reasons why users don’t seek crypto knowledge like they should. Most new users think crypto is all about trading memes. In your opinion, what do you think of the impact of social media in crypto ?

[Charles-Tim]

In my opinion, i think social media is one of the reasons why users don’t seek crypto knowledge like they should. Most new users think crypto is all about trading memes. In your opinion, what do you think of the impact of social media in crypto ?

Meme coins are what that were in vogue during this season altseason. Some people traded it and make money but more people traded it and lose money. It even encourages manipulation as I was seeing many tokens manipulations even till now. You said social media. People talk about what is in vogue on social media and other people will join. We do not know what next altcoins would be about. In the last season, it was NFTs. This season was meme coins. Let us wait for next season and see what would be in vogue for manipulation that will make newbies lose again.

[electronicash]

what would happen is that crypto users would have to go register to this zora social media in order to earn some tokens. this is good when the incentive can motivate them enough but if the token value is just that small and dropping, they will quit.

and there is no reason for the crypto user to go to this new zocial media networking site, i think the current popular one such as facebook and X is already used by crypto users.

[Bee-tech]

what would happen is that crypto users would have to go register to this zora social media in order to earn some tokens. this is good when the incentive can motivate them enough but if the token value is just that small and dropping, they will quit.

and there is no reason for the crypto user to go to this new zocial media networking site, i think the current popular one such as facebook and X is already used by crypto users.

I agree that the incentives given to the users would motivate them but don’t you think people who are deeply interested in crypto should be onboarded because i’m sure those users would only be interested in memecoins. I would keep track of the token price on exchanges as i found out one can get more tokens by locking BGB on Launchpool. I’m curious about its performance.

[Universalsolider]

Social media creates hype and awareness for the coin, and when users see the project and don't engage, only to see it give amazing profits later, fomo kicks in when they see the next project. That's what makes lots of newbies try to skip gaining the knowledge and go for the money. I saw a tweet of the ZORA event listing on a CEX, and as socialfi is concerned, it's a great way of mass adoption to the cryptospace. https://Bitget [nofollow] ( Bitget warning  )/events/launchpool?utmSource=Twitter_ZORA