Bitcoin Forum

This Dave Portnoy figure was completely unknown to me until he tweeted about Bitcoin. It was a strange video of him ranting about what Bitcoin is and if he could mine it on the internet with some plastic hammer he held or something similar, (I don't even remember what I saw, it wasn't significant anyway). The continuation was strange though as in his next video Portnoy was asking the Winklevoss twins to visit him and explain Bitcoin and how it works. At some point, it was obvious that the whole thing was a staged ad that included affiliate promotions to Portnoy's 1,7 million twitter followers.

Not only the Winklevoss twins failed to present a decent case for Bitcoin, but the next day they've also proceeded with asking him to promote Chainlink, a controversial shitcoin when it was right on the top of a bubble. So Portnoy told his followers to buy an ERC20 token that was at the top of the pump 'n dump phase. Was this all random and happened spontaneously out of the Winklevoss pure love for alternative cryptocurrencies? Why ask him to talk about LINK anyway? It is looking carefully planned as well.

Now I don't blame Portnoy for this, he does not care about Bitcoin or his followers. I care about how ridiculous crypto twitter has become, how terrible all of this was handled and that three years after the whole shitcoin bubble phase we haven't learned a thing.

There are people on twitter that have Bitcoin bags and just want to shill them. I get it. Honestly, I wish I also wasn't strict and went all-in in March instead of buying the dip but small. Some people make sense and then there are some that just because they bought a tonn of random altcoins they unleash thousands of paid shills to promote them. The moment people that used to be just about Bitcoin started shilling DeFi, Chainlink, Band, Compound, yield farming, etc. it becomes very disappointing.

Bitcoin is not taken seriously this way. Gemini lost a lot of points by shilling a shitcoin, Binance is not respected outside the crypto space and Coinbase is close to becoming Bittrex with the number of shitcoins they've added.

It is their business model but perhaps they should understand that they should stop harming Bitcoin by reducing it to the same level as alts. At least exchanges should pretend that they are following the rules. Pump 'n dumps are not the rules. The financial world is observing these mistakes that keep happening for years. The CEO's of cryptocurrency exchanges are major crypto influencers and should be very careful about promoting anything else besides Bitcoin unless they want to damage both Bitcoin and their businesses. The damage to Bitcoin won't be permanent though as we've learned from the case of Mt.Gox.

Most of us remember the phrase from Wolf of Wall Street: "Once we've suckered them in, we unload the dog shit". I thought that the whole community and especially exchanges were trying to call themselves financial institutions and escape the quick cash-grab logic. Is this really what they want?

This is kind of a repeated cycle. An unfortunately it's self fulfilling and self perpetuating. "Pure" or altruistic supporters and projects of bitcoin, those that focus on utility and long term value are consistently tossed aside for those willing to just pimp garbage for fast profits. And sometimes those junk projects raise hundreds of millions or billions of dollars. That in turn brings in more fast talking, network marketing, garbage peddlers who wait for the next sign of a bull run to produce even greater numbers of garbage projects. Make great profits. Etc Etc. Rinse and repeat.

It seems like only in the bear days does the mass sentiment around bitcoin return to its white paper value roots.

Ugh, I'm too young to be this cynical about technology :)

-Cali

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

And for us crypto enthusiast, we should be always be careful on who to follow, on who we believed, otherwise we are going to get REKT here. Let them shill whatever they want, it's really up to us, use our common sense and think many times before buying any shitcoins those influencers are promoting or advertising specially in Twitter.

The Winklevi are running an exchange; and since most people know about bitcoin already, I think it's safe to assume that they shilled an altcoin to let people gain more interest and potentially them gaining more users on Gemini.

And while this as a whole is quite unfortunate, these nonsense is only going to be a blip in the radar in the future as we know that there's a decent chance that these altcoins are going to be temporary.

At the end of the day, all of this is purely money-making. So you don't put your full trust on these businessmen even if they appear to be siding with the revolutionary, with that which offers the biggest disruption to the traditional world.

I have to admit my crypto portfolio itself is also not all-Bitcoin. I am also trying to make use of stronger altcoins for the opportunity it gives me. Trading altcoins is one way of increasing my Bitcoin worth.

And he didn't even eat his junk on TV. SMDH

I think we are entering into a new run in these kinds of projects. It's been cyclical since the days of Havelock. The ICO Boom. Security Boom. Now DeFi.

Same shit. Different day. I'll stick with bitcoin for sex work.

All altcoin cryptocurrencies claim to be financial tech so being sceptikal is the correct approach. Buying them and hoping to pump is a gamble and I did that as well, but shilling the top of an altcoin because bags have to be unloaded is terrible approach and is also affecting Bitcoin's popularity. See how Portnoy for example talks about Bitcoin after his first experience (link (https://twitter.com/stoolpresidente/status/1296910690930896896)).

I hope so too but from what I'm observing altcoins are just there to stop Bitcoin all this time. Back in 2018 Bitcoin's dominance fell as low as 35% and the chart speaks for itself. It seems that all these nonsense are not going away easily. We have DeFi now and some influencers are calling holders to sell and wrap their Bitcoins in ERC20 tokens to profit from lending (which contains hidden risks of illiquidity and possible withdrawal problems). Altcoins already own a big part of the market and increasing it.  

Never said they were going to go away easily. It's most likely going to be a long and painful process, and will consists of a lot more new altcoins.

We've had this "DeFi" thing for years already, "DeFi" is just a new sort of "cool moniker" for Ethereum apps/projects to make it sound "cool". They ain't even decentralized, mostly just non-custodial.

The way to survive is to carry out due diligence on any coin you want to invest. Most of the influencers are speculators. Remember too that McAfee predicted that BTC will hit an ATH of $100 in same 2017 and that if it fails, he will cut his D**K. Some who follow that prediction will have invested and lost.

Bottomline, it is all about the money. I remember Mcafee very well because as far as I remember, I promoted some of the projects endorsed by him. At that time, he was some sort of big deal that if he endorsed a certain project, the ICO stage will attract users' attention. But right now, he becomes the laughing stock of the community. I don't think there are still blockchain projects paying him to endorse them.

So even if the influencer is well known and popular, most of them are just being paid and don't know what they are talking about. Better trust your own guts and your own research.

Market dominance is based off the market cap of the currency, and imo, that is not a very meaningful statistic, does not reflect growth, and I will not pay much attention to it. Any altcoin created today could easily pump up their volume and release unlimited number of coins, greatly increasing their market cap. When checking Bitcoin, I usually pay more attention to other metrics.

2017 into 2018 was the hype period for ICOs, the current rave is DeFi, there will be more hype projects in the future as more developers look for ways to tweak the system for benefits. This doesn't much hurt Bitcoin as a network, those that understand its value will get in and those who follow the hype of other projects could profit there or get burned, just like with ICOs back then.

Crypto Twitter is a toxic environment.You should stop paying attention to all the BS that's happening there.
All those "influencers" understand one thing.Most of the broke/desperate people fall into the "next shiny object" or "the next big thing" type of syndrome.Bitcoin is established for years and it's kinda boring now.You can't make 1000% profit overnight.With all those shitcoins/tokens it's different.The people have the expectation that the shitcoins/tokens will be the next big thing,therefore their price will explode and they will make 1000% profits overnight.ICOs,Chainlink,DeFi,etc... it doesn't matter.People just want another "shiny object".

The network won't have a problem, growth will have as all this money could have been invested in Bitcoin instead of blindly gambling them into ICOs. Three years after the ICO craze still no products and no utility by altcoins. There are a few that tried to create something unique but were doomed to fail as they were either not decentralized or secure as blockchains, or were just ERC20 tokens running on the Ethereum blockchain which is clogged for half the year since it was created.

I'm not too worried about Bitcoin, because I believe everyone understands the difference between Bitcoin and altcoins, even if it's subconsciously - Bitcoin is a proper open-source project, just like Linux, while altcoins are more like startups, and startups are very prone to failure, especially the unregulated ones. And with time this understanding will only grow stronger, especially as scams like Chainlink will get exposed, so maybe it's all a net good thing.

first of all i hate the term influence specially when it is used for some idiot on twitter or similar platforms spreading bullshit. a better term is "idiots who have nothing better to do other than wasting time on the internet". and they don't influence anything either, they just have some sheep that falls into their trap and loses money once and goes away with a sour lesson.

and they are helping. they are teaching the newcomers 2 very valuable lessons. first is that they should never listen to these idiots on the internet and second is that altcoins are going to get dumped on them no matter what so they should stay away.

Dave Portnoy could be glad that he is already rich! He should stick to his dayjob, whatever that is. To me it seemed he got triggerd by greed and that the Winklevosses implanted in his brain. However, a perfect example that education in trading is crucial to success and just randomly putting money in and out of an asset just ruins your bank account. Now he sounds like spoiled brat that someone took his lolly from.

I always prefered to listent Mike Portnoy. Are they somehow related?

Here a nice summary: https://www.coindesk.com/barstool-dave-portnoy-trading-cryptocurrency-bitcoin

There's no guarantee that the money which was pumped into ICOs would have been invested in Bitcoin, if ICOs didn't exist. Some people were out for a quick buck and preferred gambling with different altcoins which only offered hype in the hope that one would give them a decent ROI quickly, rather than trusting the underlying technology of Bitcoin.

Competition exists in different markets and is actually necessary for stability. Altcoins may pump up and die off subsequently, but there would always be more which are created over time, so bitcoin's dominance would always be tested, the fact that it has survived through all the previous hype/dump periods suggests that it is reliable

The term is awful on its own. As a beginner I was lucky there weren't many of these guys around, although when they appeared I did mistakes too. I stopped listening after a while and saved both money and valuable time.

To be honest , here's what we need to get rid of for Bitcoin to truly be taken seriously by normal people and become the global currency :
1) An end to crazy influencers like you've mentioned
2) An end to scams that make the news ( further making normal people to question Bitcoin )
3) An end to the meme culture where, once again , normal people see these "moon" memes and others and just think of Bitcoin as a joke
4) An end to crypto infighting - an example is the Eth crowd and Bitcoin maxis constantly going at each other on Twitter etc - this hurts crypto in general. I'm not saying don't debate technology - thats important , but when its meme vs meme , its a joke...

True but that's just an assumption same as saying supposenly DeFi weren't taking some liquidity from the market to itself maybe by now bitcoin would had surpassed it all time high of 2017 or probably been very close to doing so. As of press there are over $11,926,837,764 in DeFi related project. That's huge so you can't denied the fact some of this marketcap could have ended up in bitcoin assuming DeFi weren't a thing.

I think everything worketh together for good, we need this trends to open the eyes of the new enthusiast coming into the market, sometimes we have to loss (learn) before we gain. Time we come they'll regret not getting into bitcoin sooner because that's were it'll all end when this hyped is over.

That's why you don't follow any crypto enthusiasts in twitter. Or any other social media for that. Heck, I'd trust answers here than there tbh, since most of them out there are just there to take advantage of Bitcoin for money-making. I'd rather follow accounts that actually bring in some sort of useful info, such as market news or coin movements, my time is a lot more well spent seeing those tweets than seeing a bunch of people tweeting about Bitcoin reaching xxx amount, or I'll do something stupid scenario.
Yeah you can't end that. As much as I would hate to say this, haters (or those that take advantage of it) exist because we, enthusiasts exist. If you want them to completely disappear, then the entire community has to go together with it. Nothing we can do about that.

Good.
At least, you can search for the others, or you can search for the other crypto news. You don't have to listen to them if you don't want it because we are free to search for the news. If they can't introduce or explain bitcoin to the public, I am sure that people will search for the other info about bitcoin. Many people in the bitcoin journey, and we will see more people trying to influence new people to join bitcoin. But if they cannot teach new people, I think it will no problem for those new people. But we can't blame them who did that because I think every person will have their own knowledge about bitcoin to give to others.

Everyone with enough followers is called "influencer". Naturally some of these people are paid shills, some of them will use their own followers to manipulate markets and some of them are just enthusiasts. There's really nothing we can do about them, expect accept their role in this.

When these influencers abuse the their followers telling them to buy something up, these followers will blame the project when it crash and will call it scam rather calling out their hero for manipulating markets.

I actually have to agree with you mate. Most of the Bitcoin and crypto influencers out there are just doing it for their own gain, and they don’t care much about the followers. They only wanted fame, increased views, monetization of their videos, etc.

What they’re lacking nowadays is their ability to connect to their followers. It’s like artists where followers like us can’t simply having hard times to reach out or connect to them, but rather ended up having their agent representative talking to us.

They might be giving us some of their tips and strategies in Bitcoin, trading, DeFi, staking, etc., but never actually “connect” to their followers, subscribers, etc. This forum’s much better anyways, because we all have a chance to connect and building good relationships with one another.

Those Influencers knows also how to make money, and some of them are not and some are just talking shit about bitcoin or they might just talking about the reality of cryptocurrency. If those influencer talk shit about bitcoin, then we can't stop them or force them to talk only goods for bitcoin, its just a matter of time for them to realize everything, so let them be and just focus on the things that cryptocurrency can do to us.

If you give people a platform and a captive audience, sooner or later, someone is going to abuse it to try and make some money.  You can pretend to blame the people posting the tweets, but if you're choosing to read them, then you're equally culpable as far as I'm concerned.  The entire platform and the way it functions is the issue.

Step back and look at what's actually happening here.  Large numbers of people are choosing to read what is effectively promotional material or marketing because they've somehow been convinced it's a form of entertainment.  How in the fuck did that happen?  How did the human race become that stupid?

Break the cycle and stop using twitter unless you're solely using it to keep in touch with people you actually know in person.  Otherwise it's just a cesspit of largely worthless opinions with no context for reference.  Don't give these vacuous nobodies the attention they crave and then you won't fall victim to their profiteering schemes.

When has an influencer really helped actually? If you look about it and all the history of influencers, very few actually stayed with their projects once they got their money and payment. You're left holding the bags, in the end. Trust only yourself my friends.

You can consider them as an influencer but at the end of the day, it is purely money that matters :D.

An influencer can shill a coin that has been advertised by some popular names like in your post the Winklevoss and they will be paid with huge amounts. There is a reason why they do this. Maybe they are just promoting their exchange in other ways or they are holding that coin.

Helping or not, it doesn't matter to me. I know what I'm doing and I will not fall into these kind of traps that are being done by these so-called influencers.

Right, it helps to increase the publicity of cryptocurrencies and all the fomo would eventually trickle back to Bitcoin. Just as during the ICO days, it attracted a lot of new investors due to the huge hype around it, eventually when it crashed a lot of those investors who were already deep into cryptocurrencies (and may have gained or lost out) would likely have switched their attention and profits to bitcoin. The DeFi trend could have the same effect down the road.

What gets to me most is when articles are constructed solely around catchy tweets with little or no context. I see it as lazy journalism. It could however also be a publicity agenda between the social media profile and the blog site (who could be the same person).

It's just another strategy to make more money, they are saying something out of stupidity just to generate
good profits from people who will follow them.
We can't blame them as they are doing it to gain, something that we always needs to protect ourselves before
believing to anything like this.
In the end of the day, you are still the one that will bring your success nothing matters than your own knowledge
and pure understanding.

Well, I guess there are a lot of them today. Twitter now is the place where you can find a lot of cryptocurrency related tweets that are totally bullshit.
These so called influencers are just a paid puppets to shill on some specific coin, they usually are the ones who are giving away free Btc in exchange for the followers and re-tweets. If you're following some of these people, you're actually going to lose some money on the latter, and you'll probably found yourself investing on a pump and dump coin.
I'd rather find a crypto community where you could actually talk and consult to people rather than following a person who's business is to promote shitcoins, and blabbering anything about cryptocurrency to get a good amount of attention.

influencer means to influence or to promote . they cant be called an influencer if they are only promoting for the sake of thier own good but thankfully there are good influencers that are still doing everything to market good cryptos .

trusting our self can be an aid if we got scammed many times for believing others  . sometimes people that you think trusted are also the people that will put you in risky situation .

That's not the point that I was making at all. I'm saying we are definitely in the midst of a huge DeFi pump. And I believe the DeFi projects are of a significantly different type than the ICO boom of 2017. This is like flashcrash get rich quick schemes with an actual ad agency. I'm not saying they are in anyway better or safer. Just different.

The pseudo influencers like McAfee know there's a lot of money to be made from shilling. Wasn't McAfee asking 100 thousand to support a coin?
I've never heard about this guy as well. The only Portnoy that I know about is Mike Portnoy the drummer ;)

If it comes to cryptocurrency exchanges we should not forget Uniswap. Although being an emerging exchange, their influence is huge. I think it's like a casino. People can make a lot of money and lose a lot of money. Transaction costs for contracts are very high.
Celebrities are relying on their influence on their self-interest. Last year, Mc Afee suggested for a tweet promoting all cryptocurrencies for $ 500k. A terrible amount of money. The cryptocurrency market is too small and easily manipulated.

As sad as this sounds this is the only viable strategy, we cannot stop this people from shilling and promoting shitcoins as much as they want, it is up to each one of us to try to learn enough about the market to know that such an investment is not only a waste of time but also of money and that for the most part besides bitcoin there are only a handful of coins worth your attention, unfortunately this means that a great deal of people will lose all their capital investing in altcoins that have no future and they will blame bitcoin because of it generating bad publicity in the process.

It is indeed okay if sometimes we are experiencing loss from the mistakes we've done because it will teach us a lesson that we will never ever forget. And that is good because before we encounter success we may encounter first the hardships and struggles before we got the price of trying and learning by what we did. So for me we should try and try because committing mistakes can make us smarter.

Isn't it obvious! Mostly all influencers post or comment on something if there'll be gaining from it without worrying about the repercussions.  This is such an example, so long as they achieve their goal the rest matters little. This is why we should know better as we've seen this happening many times before.

However, the urgency of this matter is that like BTC other altcoins are great too and deserve their market value, true not all but we should be able to tell them apart from artificial and obvious pump 'n dump cycles.

Why there should be influencers of Bitcoin? Does BTC really need it? About the hype again? or any kind of prediction?
In this case, the price of Bitcoin will always in that cycle, its bullish, market correction, bearish, bullish again, and so on. I personally a person who never considers much on the influencer. I prefer to believe in how the market works and cycle.
If we are talking about the influencers, previously, there are also several influencers that also try predicting or speaking about BTC price and future. The aim may be good for the shake of the Bitcoin. However, I worry about some people who really believe in what influencers say and get a bubble of it, becoming trapped on the cycle. whereas, there is something more that we can do, by analyzing the market itself.

This just shows how some influencers are not making good use of the platforms they are well-known with for they are just building up confusion on the minds of their followers from the statements they released or posted into their platforms which makes wrong impressions specially for their followers since they are well-known influencers on their field of work. It just clearly shows how money influences even the influencers that many people trust and eventually doing statements that sounds as mere advertisements favoring one side.


This was indeed agreeable that the influencers will do whatever it takes for the sake of money even to lure its followers for they only care about how to gain for their own sake. Trust the facts you see and do not be dictated by the influencers thought for you will duly observe what is the truth and decide based on your own analogy.

I saw this influencer as a little crazy.
We are not the only ones who are displeased with his antics.

https://twitter.com/_TheCoolTwin/status/1297203208557715459?s=19
 (https://twitter.com/_TheCoolTwin/status/1297203208557715459?s=19)
What is true is that when bitcoin continues to climb, altcoins fall. We have checked it several times. We need to buy more bitcoin before it is unreachable.

Marketing ruthlessness can destroy the crypto ecosystem, including what you say about McAfee. He is someone who is paid to do a tweet on twitter. Then the developer of the crypto project who will do a public sale, uses the tweet as a weapon that he has won the trust of people who are well known in the world

I would call this really disgusting junk marketing, namely by buying false trusts.

the artist will not be held responsible when the project that endorsed him fails

Indeed, most influencers are promoting crypto purely for their own personal gain. They make use of the number of their followers
owned as a money making tool. Therefore, I have not followed influencers signals for a long time, because if they have started
promoting a particular crypto, they have bought that crypto before. After that, just make it hype and some people will be swayed
and the influencers can make a profit. Therefore crypto influencers like John McAfee will continue to provide trading signals,
because from there one of his sources of income.

Well yeah but I think it will only be few. Besides we know already about cryptocurrenc whether there will be an influencer or not as long as the interest and the cryptocurrency opportunity is there users will going to keep coming back. The influencers may be influencing bad or good is a publicity. Publicity whether it is good or bad will still be publicity. Cryptocurrenct will continue to grow unless it is not helping but for now, It is valauble espcially in this pandemic where people chose to do online transaction and bitcoin is already an option to do it.

That seems most resonable explanation.
Doesnt make it right as a whole situation. I would assume Winkelvoss twins have higher standards and would do more in terms of promoting Bitcoin and their exchange.
Kinda dissapointed in them for this.

At least, no matter if the influencer is good or not, that still gives people out there to know about crypto to help the crypto grow. If people know the crypto from the worst influencer, they will search for the other influencer. And with the presence of the internet, people will get what they want, and they will have a chance to learn more about crypto. I am sure the cryptocurrency will grow in the future because many influencers will introduce crypto to the public. After people know about crypto, they can decide to use crypto or back to use fiat money.

All they want to do is make money and satisfy the government. They don't care about their customers just about their own wallets and making sure all agencies are happy with the data they provide. If you ever use Gemini or Coinbase say goodbye to those scarps of privacy that you still have.

They are already exposed as people making a living shilling low projects, the community have matured they want projects that will bring usage, outstanding platform that will supplement decentralization and peer to peer, I stopped listening or reading these influencers because their ratios are not really high.

In this industry, the only influencer whose opinion matter is Satoshi Nakomoto and every other influencer or celeb is just looking to make a name for himself in the crypto world. Anyone still following those guys would only find himself to blame. While it is not wrong to have someone to look up to but times without number the so called influencers have failed to live up to the expectations of being the rallying point that they are are expected to be because of their selfish interest. They cannot even manage to agree on a framework for line of action while many of them have turn to developers and members of dump and pump groups.

But this is only true if the mistakes that you make are not catastrophic, this is why I have always thought that the most important skill that a trader should have is money management skills, we all know that even expert traders make mistakes and obviously this is even more true for newbie traders the difference is that the expert trader can limit the damage of the mistake while a newbie cannot do the same and as such a mistake done by a newbie will make him lose the majority of his capital and he will never recover from that mistake.

No one really starts on being a pro and those noobs will eventually become better traders as they do able to get experienced as they do make up some trades.Its a matter of trial and error on which learning
would really be on the process.Some might able to withstand it and some will eventually quit and never comes back. Money management is really a great factor that can really affect ones trading or in all
sorts of investment.Influencers is one of the things that do really give out interferrence but also it can give out some hints nor ideas, it will vary on how you do deal up with those informations
that you had listened.

This is all about money and they take advantage of their popularity to manipulate innocent people to invest. But the sad thing is that these new investors never do a search in order to find out if its true, reliable, or much have potential that is why most of them suffered losses because of their incompetency. And these bag holders are taking all the money from them, from these innocent people who are a victim of these influencers.

Anyway, it is not their fault also and they are not the ones to blame at all. Because supposedly, as an investor we have also to invest time in searching and to know more about the project that we have a plan to invest with, not just being exposed and promoted by those big names, celebs, and etc...then we have to invest for it. It is a wrong practice and must have to change.

In my opinion, if and only if we get involve in a scam I think both parties has to be blame for the scammer's side they are the ones who's lease to blame because they are using their fame just to catch victims that are easily to persuade while on the victim's side, they are the ones who's to be blame a lot because I believe that there are no bad people who loves taking advantage other people if there is no people who are easily to persuade using flowery words and fake proofs. As an investor we have responsibilities and we should be smarter in order to avoid being a victim of scams.

Even satoshi may not be able to influence the market because the market is not owned by him/them, he just created it as decentralized manner so no one can influence much on anything.

Unfortunately I do not really think that this is going to change in the foreseeable future and I say this because the same happens in the rest of the markets, just take a look at some of the television shows aimed at investors that are on air, you will see the same kind of behavior from those people, they will recommend that you buy a particular stock and that you hold it for a certain amount of time in order to make profits, and people follow those instructions and then they wonder why they lost money when it was obvious from the start that he was trying to lead people on and get their money for himself.

if money comes who cares?

I don't understand how people being a follower if someone from a very known personality says somethings.

"This project is good and profitable", "This project is promising" all have been glorified, but have we think that they are actually investing this or those projects? Not for sure, and probably because they are just being paid to attract people and to invest their project.

These called market manipulators are also the ones who never know about what they saying but just a scripted talk. They making money from it but not they think about how it affects the lives of the others and might give losses.

they dont need to risk a single penny if they can earn in a sure way by just promoting a coin. if you are a long time follower of those personalities you will know if they really invest on the coin or they suddenly promote the coin out of nowhere and that makes you question  .

 and based on the tone of thier words they are talking like a newbie  , you know the newbies that we see on the forum   .

I agree, especially things like these:

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMkDyLKs.png&t=616&c=A7-KdwT6RVJfdA

they are a shame


this is a much more difficult task because there are thousands of altcoins that in themselves are already scam, but people don't realize it. then there are the ICOs with fake team and plagiarized whitepaper that are another headache that is full in the world of cryptocurrencies that make big investors move away from that market


https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wYTg2MmY5MTU1NTEzZGI3OThiNDJhMWRmMjJiMTYxZS5qcGc=.jpg

 ;D

I agree


In fact, unfortunately there are many fanatics of certain altcoins that are scary, as is the case with some people from BCH and of course there are also some Bitcoin people who are short tempered and who do not control themselves and the fight never ends

Well it is how it all works not all influencers would really be helpful in anything that they would promote because sometimes they don't even know what they are promoting I guess they are just getting paid to promote it.
But however I feel really sorry for those who would follow whatever they promote without even knowing it just like the promoter they could lose instead of gaining profit because of it.

As long as they are earning with the projects they are promoting, they don`t care about it. However, there are also famous personality who are keeping their credibility and reputation. If they are promoting a scam or ponzi scheme, all of their fame may end. A lot of market manipulators that overwhelm buyers. They serves as a catalyst toward a project. And somehow, many people are still believing with them even we know that they paid to shill the project to their followers.

Yes, they only take advantage of what has been advertised, so they just seem to tell but don't have definite experience, but things like that are a natural job for influencers. We also can't blame them, but with influencers, finally it can be known to everyone.

There are a lot of people right now makes an investment with the different platform because they want to earn too ( because of pandemic too) and some of them saw some post of their favorite person or well-known person if course as a person would like to earn at the same time you know the influencer you will decide to makes investment

This kind of action is a common trap

Get a very well known or influencer, pretend to support this project but at the end of the day, the only earners are the company.

For sure they dont let the investors on the project makes a complaint this is the time they will use the influencer.

Exactly mate, those influencers doing the magic always have something behind their minds which is: 'after all am paid to promote' the shit. Gadem over my dead body will I ever follow some rogues called influencers and join their bad wagons. People easily forget history, the moments with BSV and some other host should taught us lessons of these influencers, I won't buy into their promotions because most are paid for the misinformation.

In my country, there are a lot of platforms which is promoting the use of cryptocurrency but right now I didn't see any person or known person support the use of an advertisement.

Most of the time I just saw them in the other country and some of them are popular people like right now is Elon musk and other sports field personalities.

Is that have a huge impact? Yes, it is because they have a lot of supporters or followers so most of them will trust the influencer but still this is risky. We are talking about money. Money is money if you hold a large amount there is a chance they will scam. I'm not telling most of the project but some of the projects.

The thing is, influencers like these will come and go, making money for themselves through their influence because that's what their job is.
But it actually depends on us and how we react to their promotions/shilling.
Sometimes what they say might be true but it's not necessary that whatever they say is gonna be legit all the time.
We have to do our own research as well before buying any information they provide.
The internet is full of such nuisances so beware and stay awake.

I have seen this, especially in social media that some influencers are not really helping people and their viewers. They are just there to promote to encourage more to join them. They exists as promoter so basically , we have to be careful not to become a victim of this kind of people. It's our still responsibility to do some always research before buying some bags of crypto.

Influencer is the most disgusting thing in the internet, they are just narcissist that has no marketable skill and that is why they capitalize on getting followers which make them entitled to things as if they deserve it. In regards to bitcoin influencers, do not listen like a fanatic to every word they say, every thing they say is to market their product or someone's product. Think for yourselves and do not be drowned by going with the flow, remember that only dead fishes go with the flow.

amazing, an explanation that I really admire that what you say is a fact that often happens nowadays, we also can't deny it because everyone will digest things with assumptions that are certainly very different. but hopefully your explanation can awaken other colleagues to be able to believe in their own abilities from the experiences we have received so far. do not hesitate to step up that what we are going to do can also be good without those looking for opportunities in other people's ignorance.

And most of the time, influencers didn't even know the product that they are promoting. They are just doing it for the payout. But honestly, for the majority of fans that could see their idols doing things that they promote, it affects the market that they could attract people's demand in it. Let's just take into consideration some hype that celebrities made, there could be some instance that they invited people to invest but turns out that it wasn't the best time for the crypto so the market declines. What could happen is that the reputation of the influencer could be in danger, and the reputation of crypto as a whole could be affected.

All of these factors could be solved by understanding and learning what cryptocurrency really is about, and not just relying to hypes created by influencers who don't really know the product.

Unfortunately that is the real score between this discussion since I don't see any influencers especially on crypto gives a honest reviews regarding on somethin, they are just aftering the money they can get for marketing some products as you said that they advertise. And it's really better not to listen to them and don't became a fan kid since they will not care nor refund us if we get scam.

And nowadays there are so many scams has been advertise by the influencer and those one doesn't really help in terms of marketing the bitcoin and cryptocurrency since if bad times will came it can create a bad impression to those victims and the one who they talk about their experiences.

maybe some Influencers  that doesn't know about crypto and tweet about crypto is payed by someone or just following the trend.

But people like Bill Gates and Elon Musk talk about the coin is surely will hit the market  ;D ;D

Most those influencers invite people to join with them, under the influencers and that person always says to people that they need to follow that influencer. It needs more to convince people to join in the crypto world because people now become smart to think if that influencer is really giving the real thing to them or just to give a fake. I think people now will search for more, so they will know by themselves, and they will decide later. That influencer will not give effect if they don't explain about the crypto to people, and people will not join in the crypto.

As an investor, why would you trust an influencer which has only a few knowledge about cryptocurrency? For me, it's a wrong thing to watch those kinds of shtty videos because, in the end, they will prolly promote those unknown platforms. If you're really interested in investments, it's better to trust someone that is already in the same field and invested a lot so he/she can share those experiences in the market.

Actually, crypto platforms are sponsoring those influencers to promote their platforms to gain users easily. So at first, if you see someone's doing it without deep knowledge on the field, don't trust them.

What you have to understand is that not everyone is here because they love Bitcoin or the Blockchain technology, majority of them are interested in the money, especially the whales. These whales are aware that they can pump the market with their money and that’s their plan, and since most of them are influencers they can invest lots of money and then convince their followers to invest and once people are in, they will dump it on them.

These rich dudes keep playing with people and most of them still don’t know by now that they are getting played. Bitcoin is now huge and they can’t manipulate it that much, so they are shifting to altcoins, those ones are very easy to manipulate as long as they have money.

I'm not amazed in personalities that instantly appear out of nowhere then discussing a specific project. If they are maybe part of the team or been known user of crypto then they can possibly get more supporters but if not I don't think investors will give a dumb. When it comes to investing we should know what we are doing so we will not regret and blame it with others.

People doesn't always know the difference straight away, it always takes some time and proper research and then only they are able to tell the difference between a fake influencer who is just using the followers for earning money and isn't giving anything of value to the people and the real deal who are sharing valuable information on a daily basis. I have also fallen victim to one of these fake influencers, he used to make youtube videos and used to promote shitty projects in his videos with referral links and I invested about $1k in one of those projects and still on this day the value of my investment is less than $50.

There are scammer everywhere,why some are claiming they know it all  in bitcoin, and scam many that lack to research deeply before investing their money.
Influencers are not helping nowadays in social media, some just there to influence people wrongly to invest their coins to where they will be the one enjoying the profits.

For their mind they're making money from them not knowing they learned esson for their mistake.

That sounds ridiculous. People are now using their name and popularity just to fooled innocent people and get money in front of them.

TBH, I don't believe signals nor to trust a person who made that thing coz in the first place, why not use it for their own if that is true? There is no sense of keeping it for themselves coz they are not making money from unlike using it to convince people and getting paid. That's their intention.

You have high expectations for an influence, which in fact is all about making money with promotions. Do not make big expectations on someone who is not competent in the field, the incidents you are talking about have often happened in various ways. Promotion is one of the easy moneymakers if you have popularity, there are even people who don't see the bad impact of what they are promoting, this is synonymous with jhon mcafee.

I understand that for you it doesn't really make a lot of sense that people follow a person and the recommendations that he gives on the Internet, but believe me it happens a lot, and that is because those people simply do not have what they need to become a good trader or investor, and they know it, and instead of trying to learn those skills by themselves they have resigned themselves to try to follow the guide of someone else hoping that they will make money that way.

Thats the sad fact where there are people who do really just decide to go along with others without even trying to learn for themselves thats why they do really end up on following and doesnt care that much if they do lose on the way theyve been doing but there are people who are already experienced but still do decide to listen other calls and hints without even realizing that predictions from other people is no different
when you do make on your own.It might really be different when it comes to complexity specially talking about technicals but the presumptions on where the price is going will really be just common
in the end. Its up to you if you do listen up or not  and as long you do profit on your own methods then i would consider it good.

It became clear to me from the very beginning of this story that these are all staged shots. I have a long experience in cryptocurrency has already developed a strong inner feeling when I lie from the screen of another " Specialist!". There even facial expressions and the way to talk and present the material very much gives out charlatans immediately.

I also think that these actions are largely devoid of logic. Why talk about it publicly? Many pre-planned actions are very similar to each other in terms of mechanics and logic of actions. Everything is consistent and similar to previous promotions. A person who knows the topic deeply will not allow such scenarios when working.

More on money side, they are all aiming for that so what do you expect from them, you need to learn from your own understanding.


Yeah right, you have to think more and not to lock yourself within your expectations, there are many possibilities to take place.


Very popular and yet unreliable from this industries, this popular sucked so called influencer.

That is the thing if a person has already experimented losses after studying the markets for years then I can understand why that person may look to get the help of others to try to profit from this market, in this case the person is just trying to solve a problem he cannot on his own, however there are people that have never spent a day trying to learn how to trade and they have no idea if they could do it and they immediately look for someone else to do it, this is just laziness and for the most part those people never get far in any market.

Anyone that follows an influencer  and listens to them blindly are plain stupid. Do you really think they are interested in bitcoin or any crypto currencies? Nope. They just tweet about them to get some attention. They know nothing about crypto currencies. They are ready to do anything. Like you said, the whole thing was staged and the influencer did it just for the money to promote Chainlink which is probably a shitcoin. They don't even care if it is a shitcoin or a scam coin. After everyone gets scammed, the influencer will start acting in such  a way that they got scammed too and try to gain sympathy.

A lot of social media influencer these days and best is not too much have trust and have confidence in what they are promoting. When you have a big expectations more likely you will get disappointed in the end. That's true they exists for money so we should not rely on this.

Actually, influencers are powerful in trading signals or pump and dump groups. But for the cryptocurrency as a whole, I don't want influencers to dominate the market by their calls. Most of the time, these people could manipulate a crypto and the people who followed them knowing that their population is huge, could actually act like a whale to determine the price of the crypto. Those, that hodl and believe to the crypto in a long term might lose their investment once the crypto was dumped.

So for me, I highly suggest that we can either join a community if we are a trader, or to stick with bitcoin for long term hodling.

Influencers are just after what they can get from others. They can influence you either good or not but most of the people they influence are those innocents and don't have knowledge about something they are talking about. Don't believe them because if they will teach you right then you will learn nothing to them. I don't believe on signals. Much better to learn from your experience and own strategy and understanding.

It just shows how gullible some people are. This influencers doesn't even deserve to be called "influencers" if they don't really understand the product they are trying to endorse, they can stay in their own lane and not try to cover all the things in the world, but who am I to tell them not to accept money right. I may agree that some "influencers" are really responsible and aware of their platforms, there are still responsible influencers, those who understand and aware about the things that they are going to influence their huge followers. They do research first and try to see if the product is acceptable in their own beliefs. They don't just say yes because of the money. We really have to choose who we are following, we should not let fame and followers blind us.

It is the perfect game if you ask me, if the guy makes you earn money then he can claim that he has helped thousands of people to make money and gain credibility in this way but if his predictions fail then he can claim he was deceived as well and gain sympathy and maintain his reputation, so no matter what happens such a person never losses and he could always delete the videos or posts about the predictions he got wrong and seem way more accurate than what he really is.