Bitcoin Forum

The coins remind me the Mexican cartels and the influencers remind me the police who get cash flow.
They don't care about the people they care about their money and they will supress the law for it.
Everyone is shill everyone promotes other coin for money even the people who seem legit and naive are shills. nobody is trusty.
I lost my money because their advices.

I know you're frustrated but the real reason you lost money is because you were gullible, greedy, and lazy to read. I may not agree on what these influencers shill but I still appreciate the fact that they usually put disclaimers on their videos like "DYOR" or "NFA". You should have followed that too instead of buying blindly.

With or without advice from the influencers, you should always do your own research of that token. Don't just simply buy that token because of the influencer's attractiveness, beauty or showcasing his/her lifestyle, etc. Mark Cuban is a good example. He has a big influence on Twitter, and yet he shilled a rug pull project like Iron Finance in which most of his followers are going to give it a go and buy that token. As a result, because of not doing his own research and the coin plunges from $64 to zero nada, he lost a lot and so as his followers who just bought that token without DYOR.

No matter what, always DYOR even if that influencer didn't mention that in his or her video.

I think you draw the wrong conclusion on every what you hear and find so you lose a lot of assets. You need your own analysis if you want to invest in crypto. What people say is not necessarily true. Crypto is very volatile, and it is easy to lose a lot of money, and it is also easy to make a profit.

Did you lose money for our advices?
Or you lost your money due to lack of knowledge.
There is always a first time, don't worry, I'm from Mexico.
Comparing drug cartels to cryptocurrencies is like heaven and hell.
Just fill yourself more with knowledge, because in this world there are also risks like any other...

If you were on this forum, you would very well know that a lot of projects have thein bounty campaigns on youtube through this forum. While most of the bounty programs here are trustworthy (but again DYOR), there are a few of the bounty programs that turn out to be scams. While most such scam are flagged off early, there is a good possibility that this is not flagged of at the earliest and ultimately leads to you losing your money.

Most youtubers are shilling without knowing the fact that a particular coin is just a scam and hence you can't blame them either.

I do not know much about mexican police/cartel situation, I mean I know as much as a regular person from another nation, sure there are cartels and sure police is both working with them but also afraid of them, I wouldn't be able to try to finish them neither, remember colombia? Anyone who ever tried to go against Colombian drug cartels got killed (or so I watched on netflix narcos :D) so I can't really say what is going on with that.

However at the end of the day I know youtube channels and influencers, they just get paid and when they get paid they can promote anything. They are even worse, if mexican police goes against cartel that means there is a chance they could get killed, whereas influencers can just say no to all the weak products but they just like money and accept it and promote those things. Which is why I believe there is something even worse about them.

That’s too risky to depend on any youtube tutorials or investment advices because you don’t know if they are just doing it because they are being paid or they are doing the reviews to tell everything about the project. If you are going to invest you have to do your own research to avoid this possible losses. Newbies should not rely on any signal, if you want to earn money then learn the process and study the market.

Who asked you to listen to them?
Who told you to go to their channels and listen to their shit and do what they say? They do it only because they bought in at very low prices, so they want to move the markets up and sell on traders like you who, then cry after following them that they betrayed you. Have you ever followed Blockchain whispers by D Man? He is the real guy giving some insane free tips and tricks as well as signals too (everything transparent) to make you some money.

What do you expect, OP?
They are either paid to shill one coin anyway or they are part of the said team of whoever made that shitcoin you are trying to point at.
Even the most popular celebrity could shill one coin and expect it to pump to the moon for a moment then dump.

You have to be careful and always do your due diligent whenever you can because it is very necessary,  if you are making this post base on the market Situation, there is no need for that since market dip is not something that will stay forever,  if you don't sell cheap you won't lose money,  the only thing you can do now is exercise patience till this period passes.

He I agree that he was careless , reluctant to read and swallowing the information just raw . Never want to judge or analyze first, even reading discussions in existing groups, incidentally can help him have more options and considerations. But he blames others for his own stupidity. Whatever it is, it must be considered and not ambitious.

You should blame yourself and take some lesson rather than on whining and crying out telling about corruption and other bling bling.If you do make yourself way too innocent and let yourself believe on what those influencers been telling you then its just right for you to lose money.

You wouldnt realize until you lost up money and tell for yourself that following someone is utter shit and useless.This market had been lurked out
with lots of scammers and swindlers.

If you dont make yourself that be aware and alert then this wont be the only time you would get scammed.

It's no news that majority of the videos we find on this media outlets are been sponsored. To you it's their honest opinion but they have different motivate why those videos are uploaded. It's now left for us to always carry out our own research to differentiate between the good and bad advices.

The medias you mentioned aren't the only ones involve in this act as the Facebook, telegram and other social media groups/channels all has their role they play in spreading false and misguided information in order to decieve the general public.

This is your biggest mistake, never take any advice from stranger, even the popular people like CZ always give warning "NOT FINANCIAL ADVICE" because things always could go wrong.
Influencer is a human who wants to fulfil their greed, if they got a good money offer from a project to shill for it of course some of them(not generalizing) just gonna do that.
so stop following other people and make your own analyzation, honestly it's not really hard if you can spend some time to read the technical of a coin, and sometimes even just holding a good promising coin is already sufficient.

Sorry for you lose mate but I hope next time, you must have your own research and don't rely upon other's opinion. This is a very common problem and yes, only naive and lazy investors will fall into their trap if there's proper research first.

New projects as your investment are very risky, spend your time searching for possible leaks of fraud before putting your money. 
You know social media is full of lies, I don't think that is a good sign to continue your business in crypto.

Just heads up to the crypto investment that already proven and tested because they are less risky compared to the regular one.

Its been here long time ago, even before we can make smart contract on ethereum. And this is happen to stock market too. The good developer with good project goals will win somehow. 2017-2018 there are many shill and new project which now at top 100 coinmarketcap. Lets take swissborg, dent for example. Track the thread about them here in btt.
I only trust project which have announcement on this forum.

But still not all that have ANN threads here in the forum are legitimate.
To be specific and precise to what you're trying to point at, OP should look for possible Scam Accusation in case red flags appear in the said project.

I'm sorry to hear that you lost money because of them. However, I don't recommend investing based on other people's opinions. Especially some guy/girl on youtube. Yeah, you can consider their opinion on certain cryptocurrencies, but you should always dyor and come with your own thought processes. This is how you get smarter and your bank account will probably also be grateful. :)

I know a couple of pretty insightful youtubers that actually provide value instead of looking for fast affiliate marketing gains. They are not promoting shitcoins though AFAIK, but providing trading knowledge.

It is sad to hear that you lost money but you should never take advices from random social media personalities as you cannot trust their advises and most of the time they will promote if they are paid to do so and we have seen many influencers promoting scam projects in the past and it will continue like that in the future, so always be cautious while taking advices from any influencer .

How can you put your hardearned money into someone's wallet just by hearing or listening a video?
Its a fact that youtubers take money for promoting any project and most of them dont even do
a research about it. Thats how they make money for their livelyhood. Their aim is to promote the project or to help projects reach masses. Its your duty to check or research about the project before investing into it.

it is too risky to invest without researching it first. even big investors will research a coin before they buy it because what they want is profit. it's not entirely the influencers' fault because they only work according to what is asked and our job is to process and choose the right coins to invest. especially if we are going to invest with a big amounts. it can be a lesson in the future before investing we must research it well so that the coins we have can be profitable

Sorry for your loss. It's not all YouTuber's fault, I feel it's your fault too. You should have done some research before investing, If you did this then today you would not have to face the loss. Anyway, it's a lesson for you, of course, a bit expensive but in the future, you will not blindly invest in any project.

Advice

• Whenever you hear about a project, do your research thoroughly before jumping into it.

I'm sorry to hear that you have been a victim of these youtube scammers.

Yes, there are a lot of this people in Youtube, that's why it is not advisable to listen to them. For one, they really don't know what they are talking about, second, if they told you to buy a certain coin, it's because they are a bag holder of it and can dump it anytime soon.

So I guess this is a big and expensive lessons to learn, still the best weapons for us - DYOR.

That is their job as an influencer. If you are already in that kind of field of course you will use it as a tool to earn or shill coins for your own benefit. As a viewer you should not blame this influencers if you haven't done your own research before investing on the coin they are promoting.

Yah, I remember you very clearly, first I was hesitant but your UID sounds familiar and I did a little search and saw your old post about losing money. I read some of your older posts as well and saw almost all are about your bad experiences with crypto. How much did you exactly lost in your previous trades? Thousands of dollars worth of coins? You still have those coins, right? If you do then wait for the next all time high. All of us are doing it, maybe you can too. Here is your old post that I remembered from.

Is it the defi trade that you're referring to? Of course, everyone will do anything for a buck. He's an influencer, and it's up to you to decide whether or not you'll be influenced by him. It's clear that they're doing it to get money, as evidenced by their video evaluation. How can you trust a new currency without doing any research? Don't rely on content because those influencers aren't actually caring for you.

There are also influencers that scam devs so don't really trust them easily if they're just spitting words without even explaining the whole roadmap of a project or coin.

They can be quite useful in boosting the number of holders and buyers of a new coin as part of a marketing strategy, but always remember to DYOR, since it can go down at any time. Because of an influencer, I earned x5 easily because of that marketing strat.

Well it’s time that you start to wise up. You have to know by now that YouTubers created their channels mostly to make earnings from it. So they are not going to say No to all these companies that approaches them with a deal. But some of them are good enough to even give you warnings to remind you to do your own research before investing in anything.

So, you shouldn’t just buy whatever you’re being told on their channels. You also have to do your own research and also ask questions and know what other people thinks about the project you’re planning to buy. That’s very important.

KOLs and influence people or influencers create their YouTube channels to get money. A very few of them do this for fun but most of them do this because of money.

Hence they will accept good offers to advertise projects. Good people will only accept offers from legit companies. Bad people will accept all offers include from scam companies.

At the ends, audience of those guys need to be responsible for their decisions. They are responsible for what they choose to watch, and decisions to invest or not.

They could still make a good profit from their channel if they are honest, it would be very tough and it would not be profitable right away and it would require copious amount of work but you could still do it. How?

Well, just find the real gems that you believe that has a chance, make videos of it with tedious work, show the pros and cons and why you should buy it or should stay away from it, and hell even make videos about bad tokens as well, and try to market your youtube channel everywhere, twitter to instagram to reddit to here everyone should see it, and whenever the token from your video is talked somewhere share your video which will require you to scrawl the whole web constantly. So at the end of the day it is possible, it is very hard but it is possible. However people prefer the easy way out and just take money and promote useless and worthless stuff.

There are bad police in any part of the World. If you expose other places that seem to have good cops to thesme condition that contributed to the kind of corruption , they could easily get corrupted especially if most are tired or afraid of reporting the corruption because entities at the top often ignore or call the reporters things like conspiracy theorist even without throroughly investigating the case.

YouTube should encourage people to report things like that and make sure every reported case is taken seriously. I believe that will greatly encourage people to report scams and itll became difficult for scammers to thrive there

I understand what you are trying to convey here. At the end of the day, it depends on the user himself if he will believe what is being promoted or do his own due diligence. However, there are so many gullible users over the net and a lot of them are after for the possible get-rich-scheme. This is the reason why some of them are being tempted to join what is being promoted. But as an ordinary user, if you believe that the video is promoting a ponzi scam, we can always hit the report button of the video. And maybe, YT will investigate on its content.

Never seen a youtube channel, whos aim was not to earn. There are only few enthusiasts, that shoot videos just for society. These kind of youtube channels are often hard to find and they have only several thousand subscribers (lucky if they have at least a thousand). All others care only about money. They either make a video to insert a product promotion in it. Or will try to clickbait with video name and earn on number of views. They are all corrupt and will do everything for the money or fame.

This is true for all of influencers and media. The whole of social media is trying to brainwash to something that they believe. Even the traditional media are filled with lies and propoganda. And they do change their rhetoric without shame when they want to. It's always better to think of yourself and doubt everything you hear and see from others. 10 times more when it involves your hard earned money.

I just hope that you learned from this mistake that you did.

I don't want to say all but most of these youtube channels and influencers are being paid by these companies just to advertise their project and those channels can just say that "Ohh we are still in a bull run, we are just seeing a short correction" blah blah blah and most of their supports will follow him like bullsh*t.

Information regarding crypto can be found in Google. It takes only a few minutes to research about the coin yet there are people who are still getting scammed because of this shilled projects. Well, learning here in crypto is very expensive though :D. You need to get scammed or getting baited thru these youtube channels before you will learn :D. Can't blame you especially if you are a newbie but hope you learned from this.

Taking extra time before dealing with your prospect, investing needs to undergo with depper

research and analylis, never to blindly follow other peoples opinions, there's no one to blame

when you lose your money aside from you. Those influencers are only caring about their  money,

just like what OP just said. if you don't want to lose your money it's a must to work with your own

research and invest when you already done with it.

If ever you think that way, then just simply ignore and never watch YT. It makes no sense for you to follow them as it only gives frustration.
But honestly, you can't just put blame on them, their job is to attract and encourage people to invest in altcoins but not knowing that they never know what they say and possibly that they are not investing in real life. Think that these person has been paid for the promotion and it's you as an investor, it is also important to make your own search, not just easily following what they say.

I do not watch Crypto Youtubers anyway, I think it would be a waste of time listening to them with their excited gestures, their high pitched voice, their almost boy next door - "I am a successful Bitcoiner" look. But of course, I would depend more on people in this forum, but don't get me wrong, I don't randomly listen to some bloke on this forum but rather I listen to the old timers here and see who they listen to and what resources they use. You learn from the resources and eventually you practice what you have learned, make mistakes along the way and learn more.

I understand your frustration from listening to shillings from YouTube channels and influencers. You need to understand that they are only doing their job of promoting the product or projects. It's your responsibility to find out the truth for yourself. It's actually childish going around blaming everyone for the wrong decision you took.

We have different kinds of Influencers around YouTube, others produce content based on their own research,  others produce content when paid to do something for the project which leaves the viewers with the responsibility to do their own research because you can't believe everything you watch and hear,, some stuff is pure click bait which is meant to get views and nothing else..

All these youtubers are shilling a project for their own benefits, they are paid hundreds or even thousands of dollars for a simple mention and it cause an imbalance for those legit projects that cannot afford that kind of marketing.

I was once a victim of following someone's advice and ended up nothing but holding air...and I learned from my mistakes already. When we just listen to someone and follow the lead he/she is presenting without really doing the search and analysis on our own, we can be set for some big disappointments. Heck, these people are just like us, they are just predicting based on what they know and what they also get from other people. They have no obligation to be right, and they certainly don't care because that is not their business. Their business is to get as many eyeballs and attention, so they can make money using the traffic they can get and sometimes affiliate money.

Media backed by anyone is just media, that is how media works. I have been in media work for a while now and I can tell you that the tv channel you think that's fair.. isn't, they are paid by people who think like you and that's it.

All the youtubers, all the twitter influencers, all the tv channels, all the newspapers basically anything that is under the roof of "telling the world something" basically, even including movies and tv shows and books etc etc is paid by people, even if the writer is not, the owner of the company is and they pick you accordingly, you think you are doing a fair job but your "fair" is skewed thinking how you think and someone who is paid to own a media company by some Soros like person hires you for thinking like that, the other company wouldn't because they are opponents.

Long story short media is bought, and it has ALWAYS been like that, since beginning of time, just lose all hopes about reading from people and CHAT with people, that is where you will see the reality if you want to learn more about something from someone.

If you want to make money, try to do your learning and searching. People accuse influencers on social media for their investment decisions, losses but they are lazy, and stupid. Influencers work with their videos and people can not accuse them because of sponsored videos. At least influencers work. It is not easy and takes time to make a good video.

Filter information, and choose good one to use. Influencers can give you informative links and resources. The way you use it, the way you choose what you get from them, depends on yourself.

Newbies don't care and only want quick advice to help them to become millionaires.

If you blindly follow some influencer without doing your own research then you are likely to lose your money.
I have seen many Youtubers shilling about coins which don't have any potential at all which shows that they are just doing it for their own benefits.
Most probably, they are getting paid to shill about those coins. At the same time there are also other Youtubers who do provide good knowledge about crypto and trading.
If you are investing your money in a coin then you should definitely put in the time and efforts to do a research about that coin and only then invest in it.

There are social media campaigns that asks you to promote their project through video. Every single one of them. that is just how promotional campaign works and most of the time people will promote the coins they are invested in. Some of them provide good analysis based on their knowledge. Always research the coin that you see in advertisement, media, youtube etc before making any investment decision.

I hope whatever coin you invested in gains back and you get back whatever you lost.
 

I joined using crypto in mid-2017. Then I saw excellent opportunities for earning money and was pleasantly surprised that the creators of crypto and crypto projects were loyal to the community that would support them and invest in their cryptocurrencies. But after that, everything changed and began to deteriorate. Many processes related to crypto have become common manipulation, which has allowed a large number of people to lose their funds. Indeed, now the situation in the crypto market has changed and all this is associated with frequent deception and manipulation. This has a bad effect on the development of the crypto industry and something needs to be done about it.

Most of people who listens to influencer always forget that these influencer usually gives warning like "NOT FINANCIAL ADVICE"
for a reason, just see CZ, etc that are really deep in crypto investing, those people always gives warning that their tweet aren't financial advice.
same with these so called influencer, maybe they don't give warning like that but by logic, we must know that these so called influencers always
have ulterior motive, that is to accumulate wealth for themselves.

The reason you lose money is not youtube channels, it's because you invest without research. Youtubers get paid for advertising and promote that token or coin. Worst case, he buys a certain amount of crypto and encourages you to buy it, causing the price to rise. Then, it causes you to incur losses by selling this crypto money to you at a high price. If you are going to invest in crypto money first, you need to do your own research. In this, it is important to take a look at both the team structure and the technologies they launch. You should also look at the support points, the maximum price it rises, and the exit points at this price by examining the charts. After investing, anyone can blame someone, but the real culprit is people who trade with the ideas of others.

Sorry for your losses. Instead of spending your valuable time on watching investment related videos, you might have chosen this forum for getting right things for your money. For all crypto related things, this community must need to be considered as the primary references for right decision making. If you really care about your hard earned money then you will never listen to random people on internet.

Yeah, I am continuously seeing that these days youtube as well as part of most of the bounty programs (even gambling houses also started campaigns for youtubers) and these people will definitely shill for their payments rater than bring out what is actual.

Oh speaking of paid advertisements, you can see one of those videos also being monetized as well.
Some have sponsorships that you can hear in the middle of their video, so it is not that surprising that one of these videos are purely scammed or just paid ones. :)
Just report the entire channel and get it nuked by Youtube. It is not like that there are patrols there when there is no one reporting the vid except for copyright purposes.

I never trust any Youtube influencer or a person on another platform about cryptocurrencies. Because why would some prominent person want to make you rich? They just want to manipulate the market according to their needs. Elon Musk is not an influencer but he is a really good example.

Of course, this has always been the case, people who advertise cryptocurrencies on youtube or in other places always get money for it, and the most important thing is that these people advertise a lot of scam projects in which people then invest a lot of money and lose this money, so you should never invest in those projects that are advertised on youtube or somewhere else, since you need to study each project in which you want to invest and always be careful when you investing in any project.

Look guys everyone who is online is here to make money and all these youtube influencers and twitter personalities can easily be paid to shill for some coins so don't trust any channel or any person when you are looking to invest in any coin. You should do the fundamental and technical analysis of the project and if you feel like it brings any value at all then you shall invest. Don't expect others to serve you money on the table.

He manipulates the market for sure but the strange thing about his manipulation is that he is the richest guy and why would he ever need to manipulate a market like crypto? I think he just makes hilarious comments and what he feels, he tweets, without actually caring too much about finances.

I have seen in telegram groups a lot of YouTubers come and say that they will promote the project in their channel for coins and when such promoters are paid in altcoins than in BTC, they have an even bigger motive to shill for these altcoins. I mean imagine if you get a million tokens and all you need to do is to shill for the token, which benefits you directly since the higher the value more is the profit for you.

All the FUD and FOMO created in the market for any token is for their own benefit and small traders have no knowledge and will just go on with what they feel others are doing. Recently there was so much FOMO spread about SHIB token and almost everyone was paid to do that.

There's corruption everywhere especially in Cryptocurrency where there is a lot of manipulation, FUD, and shills going on, not only on Youtube there are a lot of this, just check the telegrams and the scam section of this forum and you will see that it's everywhere, your responsibility to yourself and your money is to always do diligent research and don't just rely on reviews.

This is an important lesson for me not to be fooled by advertising offers including youtube, always looking for a lot of information is something that investors must do, youtube video ads are too easy to make, as long as they have the money to advertise then they can pay anyone, of course their target is to get big profit.