Even though envisioned to become a medium of exchange, Bitcoin has surpassed all the expectations. It has become an investment and a major factor in the economy; it has already edged some of the traditional stocks and assets. In some quarters it is already known as the “digital gold.”
One of the major factors behind the growth of this cryptocurrency is the online communities. Bitcoin has a large community that swears by it. It is this community that starts discussions around it. It is the same people that come with ideas on use cases then implement them. For example, the first Bitcoin used in transactions was for buying a pizza. The user had claimed on an online forum that they were willing to pay 1000 BTC for two large pizzas.
Ever since, the community keeps growing, with multiple Bitcoin forums coming up. Some of the strongest forums include;
Bitcoin Talk is perhaps the oldest Bitcoin forum having been created by the Bitcoin founder, Satoshi Nakamoto. It is the platform that has given rise to multiple conversations and ideas shared by the crypto’s founding members and the developers. Even though it was earlier an exclusive forum for Bitcoin, it currently allows discussions on altcoins, Defi, NFTs, and any other crypto-related topic.
Cryptocurrency Talk is another Bitcoin forum that has been around for ages. Started in 2013, the online forum became the to-go-to place for those looking for information on emerging cryptocurrencies in the earlier days. The forum has since maintained its importance to the crypto community as it provides the platform to discuss the market movement. You can rely on the forum for information when looking to trade cryptos. It mostly focuses on the top cryptos like Bitcoin, Ethereum, ZCash, Dash, and Gridcoin.
Steemit is currently the only social network that actively uses blockchain technology to operate. Unlike the common social networks, Steemit does not use servers to store data, hence they don’t sell data to other companies. On the platform, users are paid to create and curate cryptocurrency content. It has its token, STEEM. Those who participate in the platform get rewarded in the form of the platform’s tokens.
The social network has a variety of content revolving around the crypto world. There is news, market analysis, video, promotional content, and more.
Twitter remains the biggest platform for those looking to discuss Bitcoin. The platform works such that it allows crypto enthusiasts to interact directly with crypto leaders, innovators, and companies. Information from Twitter tends to be more legitimate due to the need for accountability. However, there’s a challenge at the possibility of using the network by scammers.
If there is a social media network that has been the leader in crypto conversations, then it has to be Reddit. The platform has a dedicated crypto team that has spearheaded multiple productive conversations and ideas for the crypto world. The top of the subreddits is r/Bitcoin. The platform is big on memes that are considered more millennial and look like the future of crypto.
Social trading platforms
If you are looking to trade cryptos, the place to visit is the social trading platform. It has discussions on the market trends that help determine when to buy or sell Bitcoin and other tokens.