It seems that Bitcoin communities have found a new home on the LinkedIn social network. So far, most of the Bitcoin community’s activities have taken place in reddit, a social network where a topic can have multiple threads and sub-threads in addition to the standard inbox functions found in all social networks. Reddit, followed by Twitter, still has a dominant lead when it comes to Bitcoin. With the bitcoin communities growing on LinkedIn, there are reasons you should be careful.
LinkedIn is the world’s leading professional social network. In June 2013 the website had more than 250 million users in more than 200 countries worldwide. LinkedIn continues on its growth path and current CEO Jeff Warner has ambitious plans for the company. One of the plans involves creating an economic chart that shows relationships in global economic activity. This would go very well with Bitcoin and other virtual currencies. Thousands of companies around the world are now accepting payments in Bitcoin, which could lead to more trading relationships around the world.
It is therefore not surprising that as Bitcoin evolves into a serious cryptocurrency, a convergence between Bitcoin and LinkedIn begins. There are already many groups on LinkedIn devoted to the use of Bitcoin. Five of them are discussed in this article.
The first is a group called Bitcoin P2P Digital Currency. This group is a pure membership group and currently has over 9,000 members. It’s safe to say that this group is one of the oldest on Bitcoin. The second largest group is simply called Bitcoin with around 2,000 members. Just like the first group, this one is limited to members.
The third group is called Bitcoin Entrepreneurs and Startups and has over 2,000 members. The aim of the group is to enable members to share ideas about doing business with Bitcoin. A group like this is important as it allows members to focus on the business side of Bitcoin. Sometimes Bitcoin communities tend to be more concerned with the technical aspects of Bitcoin, which has a detrimental effect on making Bitcoin possible for businesses. While Bitcoin’s uptake is definitely on the rise, groups like the ones above can go a long way in making its ubiquity possible.
In fourth place is a group called the Bitcoin Networking Group, owned by Cryptor Trust Inc. According to their website, Cryptor Trust Inc is a global think tank and investment company for bitcoin and crypto assets. The group of companies has 1,370 members. Finally, there is a similar group called the Bitcoin Private Equity & Investment Group with 1,264 members. The other Bitcoin group with more than 1,000 members is Bitcoin Europe.
It’s worth noting that out of the five largest groups, three are dedicated to startups, equity, and investments. As more companies start using Bitcoin as a means of payment and professionals try to diversify their investment portfolios, Bitcoin is likely to prove to be an attractive option. Given that Bitcoin isn’t doing too well right now, investors may be nervous about holding digital assets. The long-term outlook remains positive and Bitcoin price is expected to rebound again. In the meantime, try out one of the Bitcoin groups or start your own.
Bitmaina for CEX.IO