Social media has altered the way many tokens trade. It’s not just humans who are analyzing the social platforms for ideas, it’s trading algorithms, too.Contact Us
Social media is ideal for investors because information is relayed in real time. Some investors will check their favorite traders on Bitcointalk, Telegram, Twitter, while others turn to dedicated forums on Reddit
In this phase, investors use multiple networks. Research can be a time consuming process, but it can also last seconds. Telegram, Bitcointalk, Reddit, Twitter, the company’s website, Google search and CoinMarketCap play slightly different roles towards the same goal: making a decision.
Buy, sell or hold? These decisions are made using Reddit, Twitter and Telegram. Investors are interested in whether interest and sentiment is increasing or decreasing, as well as any final red flags.