Since the beginning of bitcoin development, social networks have been one of the main sources of new ideas and news in the crypto world. Many developers often share their ideas with the community in order to understand what network participants and other crypto enthusiasts think about it. Some of the ideas that have become defining for the cryptocurrency industry were once just a regular comment on the forum.
Most crypto projects, thought leaders, and media use multiple social media to interact with their audience. Each social network has its specifics, so the presentation of information may differ. Some are commonly used for announcements, others for active discussions or even sharing educational materials. Therefore, the choice of a social network mainly depends on what kind of information you want to receive and in what form. Let’s consider the main ones.
The most popular social networks among crypto enthusiasts
Reddit is one of the most popular forums in the world with over 50 million daily users. This forum has a clear division into so-called subreddits on a specific topic, which makes it easy to find a section dedicated to a particular company, project, or technology like blockchain. On Reddit, communication mostly takes place between the users themselves within a certain subreddit. However, sometimes representatives of cryptocurrency companies, projects, as well as individual developers publish announcements or give answers to users’ questions.
Perhaps, Twitter is the most mainstream platform among crypto enthusiasts, focusing primarily on influencers. Twitter is a convenient way to follow important personalities in the crypto industry and news in the world of cryptocurrencies. A lot of companies are constantly posting announcements and promotions on Twitter to keep the audience informed of the latest changes in the crypto industry and their company.
Most cryptocurrency projects have their own Telegram channel or group, where they share the latest updates, and the community discusses the project itself. There are also a lot of groups and channels that are just related to crypto or trading, not only to specific companies.
Unlike Twitter with its character limit and stricter moderation, communication in Telegram takes place in a more free form. However, it is worth remembering that Telegram is also full of bots, spam, and scam groups. So don’t forget to double-check that you are getting information from official or trusted sources.
Crypto enthusiasts love to use Medium to share their thoughts on various events and technologies in a more long-form format. Medium is perfect for a deeper dive into the cryptocurrency market features, as well as for training and gaining basic knowledge about the industry. Here you can read articles by developers, experienced traders and newbies, describing their experience and perception of various events. In addition, some companies use Medium as a blog, where they describe in more detail the specifics of the processes and ideas used in the project.
After cryptocurrencies became better known to a wider audience, a significant number of crypto enthusiasts moved to the mainstream platforms. However, even forums like BitcoinTalk are still quite popular among users who have been in the industry for a long time. Besides, BitcoinTalk has historical importance to the cryptocurrency market, so if you want to find out how many ideas were born and how the industry itself has changed, it’s a good place for that.
5 things you should consider while choosing a social network for following crypto trends
Certain social media are good for certain things
If the most important thing for you is to be always informed about the latest events and receive information in a short form, social networks like Telegram or Twitter can be great for such needs. If you want to become a part of the crypto community, constantly discuss new trends with other users, then you should pay attention to Reddit, Telegram, and Bitcointalk. For educational purposes, Medium is more suitable.
Also, each social network has its functionality, audience, and features. If you do not have so much time to follow many social networks at the same time, then you should choose the one that suits you most for your purpose.
Find a social network where you can hear the voice of both community and developers
If you are interested in a specific project or technology, then it is important to find a place where you can get an answer from both active users and project representatives. For this, the official channels and groups are suitable.
Find where the crypto project is more active
If the choice is between several social networks, then consider choosing the one where the project is most active. Some announcements and news may be published more often on a specific social media, as this is where most of the community is concentrated.
Use social networks not only for news but for education as well
Developers may post long threads on Twitter describing specific technologies. There are Telegram groups that explain the basics of crypto trading and cryptocurrencies. On Medium, you can find articles that provide a basic understanding of the technology and how it can affect the industry.
Following the news and trends is great, but it is also important to understand what is behind these ideas.
Try not to create your own information vacuum
Regardless of the social network you choose, the most important thing is not to be tied to only one point of view. Don’t forget to do your own research on any issue in the cryptocurrency industry and have several sources at once. Remember that an information vacuum can lead to poor investment decisions or misconceptions.