Social media are a big platform to promote the crypto market. But when the promotion got banned, it will face some hard time. But I think this is very general for the industry and it will overcome the situation with its high acceptancy to people.

Nothing good come easy and therefore no business or an organization succeed without criticism. This a very hard time for crypto currency because of a lot of criticism and banning by some countries in he world. It is good crypto pass through this stage of development and that would proof to the world that cryto has come to stay. Note that this hard time is temporary and crypto shall over come.

Yeah I agree. The Google and Facebook bans barely moved the markets at all, actually. Bitcoin dropped quite a bit when Twitter announced its ban though, which doesn't make sense because it's smaller than Google and Facebook. It follows, then, that the logical conclusion would be that the dip doesn't have anything to do with the Twitter ban, and likely means that the Google and Facebook ban actually had a very marginal effect on the market. Bitcoin doesn't have anything to do with ads anyway.

But yeah, massive rises are typically followed by massive dips, and here we are in the aftermath of December.

Yes, you made a huge mistake. Media and social networking sites greatly influence the popularity of cryptocurrency.
Although it is FUDs, it will still have a lot of impact on the cost of the altcoins. You should update more news and references on the crypto market before investing in any ICO or altcoin.

Twitter and facebooks and other similar social media platforms were great places for the advirtisement of cryptocurrencies, their wallets, exchanges, and other stuff related to them. But since these platforms have banned auch advertisement, no doubt it have taken a toll in bitcoins health.

But the cause of such bans were those fake advertisements that lured users into any random cryptocurrencies and schemes related to them. The ban has been imposed to control the mishappening from which these social networking sites wanted their hands to be clean of. Obviously it have somehow impacted on the growth and flourishment of cryptos.

Of course it can affect. Because people who are candidates to become investor will not pursue and will have a doubt over bitcoin. So this can really make the market value of bitcoin go down. Also the prevention of social media platform to air and inform people of the benefits and importance of bitcoin is also cut off. Ignorance or lack of knowledge is the worst enemy of bitcoin. Because if people will get proper understanding of what is bitcoin through the social media platforms they will also invest and have faith in bitcoin so the market becomes more lively and more profit will come to the investors.

Well to me it's really frustrating that people get affected by such news. I mean, do you see promotions about stocks and stock markets on social networks? Do you see realestate market ads on your social media? Funny how people get psyched out over such things. I understand the fear of ban of crypto itself, but advertisments are just a joke for me. Whoever wants to be in crypto market will do the research on its own not by the help of ads that are mostly just fake businesses.

BR.

Lets just be positive and never lose hope mate, everything is possible that the current situations regarding the bans will be vanish in the long run. Some of those haters and group of people make more dake news regarding that, and am sure that is their one ways of breaking the reputations of crypto currencies. Those pains that we had for months ago isn't sustaining, and that must be stopped so that it will not cause dominoe effect digital currency communities crash down.

Sure, Google and Facebook is the largest platform to introduce bitcoin all people in the world. But if they reject to do that, the no one knows about bitcoin and decreased bitcoin popularity so some people are lost confidence in bitcoin and finally no one buys bitcoin and the price will be fall.

social media have a quite big role for advertising something include cryptocurrency.
sadly because many scam ICO's, crypto ads was banned from social media.
The purpose is to prevent peoples from getting scammed.
but i think this is not the only factor that affecting the market price.