Social media is an important aspect of crypto 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 crypto. It plays an important role in allowing people to do their own research, form their own opinions and connect with other crypto advocates.
Whether your looking to increase your knowledge about blockchain, investing, trading, specific cryptos, market news and opinion then social media is the best place to find this or point you in the best direction online for further sources.
Words of caution on a few things to bear in mind with crypto 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 crypto they own, it can be very tribalistic
-A lot of misleading propaganda is out there about specific cryptos
-A lot of scams take place via social media
-Trust no one
Places that CryptoWales likes to visit and some recommendations:
Facebook – we do not really recommend Facebook as little crypto 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, CryptoCred, Tone Vays, Venture Coinist 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 crypto with little effort.
If you have any recommendations for other groups or people worth following then let us know.