I'd like to edit and share my footage to social media on the fly.....is there a way to do that? I find the footage on saved to my phone is downscaled although I shoot in 2.7k or 4k.
Streaming video on the "fly' consumes a lot of bandwidth and processing power. Hence why you are only able to live stream at (I think 720p) from either Go4 or Litchi, etc.
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As for which software is best for editing, there really is no best software for editing video, there are however several great software tools to help you edit videos.
Which one is best for you is subjective, so try a few out.
The one that is best for you is the one that you feel comfortable using, to produce the results you want, quickly.
I have tried several, Premiere, Da Vinci Resolve, Final Cut Pro, etc
I prefer linear editors such as Premiere and Final Cut as opposed to Node Editors like Da Vinci which brings a whole new learning curve.
My tool of choice for ease of use, speed and features is currently Final Cut Pro X, couple with After Effects, again for the insane amount of features it offers and for both the vast amount of help/tutorials, etc available on the net, youtube, et al.