Social media is an important aspect of Bitcoin and shares many of the same ideals, mainly that of empowering individuals. Social media allows the circumvention of the usual media outlets as coverage in mainstream media is very negatively biased against Bitcoin. It plays an important role in allowing people to do their own research, form their own opinions and connect with other advocates.
Whether your looking to increase your knowledge about blockchain, investing, trading, specific cryptoassets, market news and opinion then social media is the best place to find this or point you in the best direction online for further resources.
Words of caution on a few things to bear in mind with Bitcoin social media:
-ALWAYS do your own research, do not blindly believe and act on what you see online
-Some places can become echo chambers so always seek opposing opinions
-Some people can be fanatical about a cryptoasset they own, it can be very tribalistic
-A lot of misleading propaganda is out there
-A lot of scams take place via social media
-Trust no one
Places that we like to visit and some recommendations:
Twitter – a lot of Bitcoin Twitter accounts are anonymous. Do not be put off by this, it’s a result of security conscious bitcoiners not wanting their details public. A great list to find relevant accounts.
Facebook – we do not really recommend Facebook as little Bitcoin discussion takes place there.
YouTube – there are a lot of YouTubers putting out questionable content as well as some good ones. Start by subscribing to Andreas M Antonopoulos, Magical Crypto Friends, World Crypto Network and local Louis Thomas.
Choose what type of information you want and which social media most suits you, start small and slowly over time you will build a list of trusted and reliable sources of information to keep your finger on the pulse of Bitcoin with little effort.
If you have any recommendations for other groups or people worth following then let us know.