Bitcoin Forum

In short,

https://talkimg.com/images/2023/05/16/blob8da2276fd93580e8.jpeg

In deep,

https://mobile.twitter.com/zachxbt/status/1454199244860977152

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Inb4 thread deleted because no original write up  ::)

That's how they roll on twitter. Most influencers are paid for posting some stuff there. Imagine they got some big allocation on the supply, when those token got value, they can easily dump the price on the market. They also help in popularizing the tokens and that's their compensation.

I feel majority of influencers have this same benefits especially those who got so many followers.

In Spain (and I suppose that soon in many others too) they are about to approve a new law that regulates better than the old regulation all this kind of advertising in social media. I haven't read it yet but I suppose that some practices may end up being banned.

But how do you regulate something that is so global? it mustn't be easy.

Relatively the same on Telegram when there's a pump and dump group.

I don't know why there are too many influencers that keep increasing their followers, if I have been a failure in investment because of those influencers I think that's the time I will unfollow them.  Popularization isn't easy unless if you're a celebrity but I think they should value their followers and not follow with a hype investment just because of them, IMO.

Anyway, I think this thread isn't an appropriate board.

The truth is influencers have a big part to play in this cryptoverse, even if a project have good team and utility they need to get the words out there one way or the other, pay for advertisements too and also partnerships, I don't see how this is bad it's left for the investors to do their own part and that's strict research on the project before investing

They are using this method also to gain profit. Yes having followers arent easy to do, but there are some who offers way on how to increase your followers.

Some also do or join potential giveaway, like they will avail such offer by someone to increase his follower by shouting out a giveaway. Somehow this is a very fast way but the followers aren't not as unique or organic since those who followed could also un follow anytime.

Man, shilling and crypto influencers are really trying their hardest for people to hate crypto XD But, I just can't see them going away at all. At least some of them are providing quality information and it's up to us, the consumers, to decide if we want to be led by the leash or take that with a grain of salt.

The only way to do so can be made by the platforms where they are active. For example , Facebook or Youtube can limit the activity of crypto infuencers although i am not sure if they can apply such a policy in a limited area or in a certain country (upon a demand from its authorities). If i am not wrong, Youtubers are already restricted from publishing videos promoting ICOs and fundrise events. However, this wouldn't be possible with other non-governed platforms like Telegram and Discord.
In fact , we can't deny the benefits brought by influencers to rise awarness about crypto, especially within local communities. And as it's a free-speech kind, they can be used/manupilated by companies, scammers, whales, self-greedness ...

I think they are only beneficial to the influencers only when the token do well like Shiba Inu or some other good project, I think many influencers would have a bank vault size of dumped coin if they only collect their reward from influencing a project, in the token. But they are some other influencers who doesn't take any reward or don't have a connection with the project, but are only. Concerned in giving there followers their thoughts on projects, to be they are the real crypto-currency influencers.

Devs looking for a way to be shilled by these influencers and these influencers are gaining for themselves. There's a higher payment for those with names not just as an influencer but as a celebrity.

I just remember the good old John (RIP) that has said he's been asked to shill some new projects and he's going to get paid more than 10 btc. I barely remember the price of bitcoin by that time, IIRC, it was on the range of $10k-$20k.

Pretty hard to enforce laws if there's no way to know for sure if a Tweet/post is a promotion or not; in this case we just know because the chat logs were leaked.

Also, I'm personally not for regulating almost everything and just letting the authorities hold our hand. There are some things that people simply need to learn their lesson and stop being dumb.

McAfee  was wiling to shill just about any shitcoin that offered him enough money. Iirc, he even had something like "altcoin of the day" series of tweets in which he shilled one altcoin each day. So if someone offered him 10 BTC (when price was in 10-20k range) I am pretty sure that he would accepted no matter what kind of scammy shitcoin it is.

By the way, are you sure that you didn't confuse McAfee and Antonopoulos? I am asking because because he is the one that was offered 10 BTC to promote that ponzi scheme HEX and to help them appear more legit, which he refused of course.



Not just on Twitter, it's the same situation everywhere, but Twitter is probably the most popular (and efficient) way to promote. And basically everyone is doing it, both legit and scammy projects, that's just how it goes on the crypto market. The only difference is that legit project will give tokens that are locked, and released periodically (6-9 months) they  can't be dumped instantly, while shitcoins like in the OP example don't care much about that and will give their tokens under any circumstances.

In short, trust no one.

And many of the athletes starts doing it, I can see them they are shilling for some shitcoins on instagram and twitter but I bet they have zero knowledge about what they are promoting anyway they are getting paid for what they are doing so we can't blame them but people are are reacting to them to be blamed, who knows if a celebrity ask their followers to eat shit because there are some health ingredients are there still people will do. ???

If they are promoting something then they are getting paid for doing that. That is how they make so much money. Those who follow them will blindly do whatever they ask. It is quite common now days that influencers are basically paid promotores.

That's a good point in my opinion and I think if it were not for influencers then projects would not get the reach to their audience that they normally get these days.
Although there are many influencers who promote shit projects and also promote scam sites there are some who do promote potential projects as well.
Some do work for the money and some do it voluntarily. The best advice I would give to beginners is to do the necessary research before you invest in anything.
Although you follow influencers you should definitely look twice where you put your money at.

I second that, I mean cause there is absolutely no way projects will stop using crypto influencers to promote their coins, what we must even understand is that these influencers most times do not even know if the project is a good or bad one, or if it is on the right track to success, but it's all about them making their money, which is totally understandable/fine, thus it's up to you the investor whose money is going into it, to do your own research and draw your own conclusions on the project, I for one wouldn't blame any influencer if he/she promote a project and it goes south, in the network there should be no trust, and as such if you trust an influencer and you lose in the end, then it's on you.

Very misleading and careless on the part of influencers. Most are paid and act as shills to support these projects they are working for and will not side with their followers to give the rightful guidance.

Or be a (attractive) woman, they come naturally  :P

And they could always have OF too. What a wonderful world we live in ;D

The only thing I see from this topic is yet another proof of uselessness of altcoins namely tokens. Because you wouldn't need to pay and beg some random brainless army to buy your shitcoin if it were useful or had any real utility. This is the only way they can gain any kind of traction in this world and attract any amount of money, by abusing the brainlessness of sheeple.

If you look closely, it's no longer news that crypto has boomed this year and the market cap has climbed tremendously, but this is due to institutional investors' money, which owns around 60% of the money in the market capitalization, and these influencers are not left behind. They all made their own contributions, but it has become a trend for these influencers to join the club of getting quick money from shitcoin, and they do so with the help of their followers, which is rather horrible. Only a fool would take advise from Twitter without evidence.

This can of thing happens every day on social media. Every investors have to be smart when investing in a particular coin so that they will not end up creating a Volatility that will end up with loses. Majority of influencers have different ways if influencing the price of a coin then later, they'll gonna dump it for the weak investors. We don't have to fall for easy trick that can end up crashing our investment.

There are a lot probably. But not all influencers are like that. They became one of the most important 'asset' of a project since they are almost always able to encourage (shill) the project to their followers. It becomes easier for the devs since there are also lots of "blind" people that follows these influencers that they will here and probably obey what these influencers are saying. 
One solution probably to avoid being a victim of this kind of fraud is just learn and don't follow this people when it comes financial things.

Isn't this exactly often happening in this crypto industry?
Most influencers only focus on the money, not on the projects. Moreover, if they do not know the crypto industry so much, they will do many things in order to get money from this by using or utilizing their followers.
Only a few influencers really cares about the crypto industry and also really cares about their own followers by promoting good or promising projects, and not doing that kind of pump and dump.
But, this is rare enough.

What we need to do is by making ourselves aware enough, wise, and also smart in choosing every new project. Although we may be one of the fans, it means that we don't need always to follow our favorite influence.
there must be self consideration and also thought based on reality, logic, adn also wisdom. Moreover it is about money.
But if we really know how to do it, we can also utilize this kind of pump and dump to earn profits, high profits, but of course, this will be very risky.

Many people use their popularity to influence other people with their wants so they can essay manipulate other people unless those people are aware of the things they are doing and the activity did not go well. Some influencers just want to involve with the crypto to manipulate some of their followers and try to take advantage of investing with this by just supporting them. Just idolize them but not be a follower of their wants.

Well then majority of the investors currently in the market are fools because they're easily getting influenced by social media especially twitter. The NFT pumps are getting cried out on twitter as major sports players are coming into the space with their NFTs causing fomo. Recently project focused on metaverse starting pumping because Facebook showed interest in the trend.

The market is still very new and can be easily manipulated, Meme coins are getting pumped on this platforms and speculators aren't verifying the information before investing. The most popular now is Shiba Inu going to $1 all over YouTube immediately you open and want to watch some useful crypto related videos.

All this has contributes from influencers and whether we like it or not they're definitely having an impact on the market but we all know how this will end. Well lets wait for the bears to take over and watch how this hyped shitcoin disappear.

Yeah, it was like that. The coin of the day and everyone would rush to buy anything that he tweets and that's why he's getting more offers because of the pump and dump scheme that he has done.

I think I'm not confused about John of being offered with money for promotion. I also knew that Andreas has been offered with that amount. Maybe I was confused about the exact amount that was offered to John before.

that's all they do, most of those influencers nowadays have nothing to do with crypto, they just posting about it for money, they showed no sympathy for their fans,  it's all about that cash, promoting random tokens because some devs offer them some money,  and most of the times devs and influencers are the ones securing the bag.

If John was offered 10 BTC to promote HEX. I am sure that he would do it. I just don't understand what was the guy (probably Heart) who offered Andreas Antonopoulos that amount of money thinking, that he would sell his reputation for that amount? It was really shot in the foot.

I mean they're influencers in whatever they got popular from. Just like what King Theoden said
The least and the best they could so is just make their follower invest to whatever they are shilling. They are just influencer to their specialization, but that does not make them a good investor here in crypto. :D

It's all about the money and nothing else, I've seen some Hollywood stars promoting crypto without even knowing what they were promoting and they didn't seem to care if the price went down, all they care about is their image but they didn't know that most fans are crypto fanatics too. What a shame influencers just grabbing something just because it paid good for them but they don't know what they were advertising, so it's like advertising a future scam if the token/coin is not yet listed in the exchange.

I don't understand. Is she not allowed to sell her tokens? She was, right? So why the fuss? Influencers are hired personalities. They don't necessarily care about the future of any project they promote. They care about their payment. They were basically paid so that a certain shitcoin reaches a larger audience. But they don't care whether the project will be successful or not. They care that if they are being paid in the project's token, they will be able to sell them while they still have value. And that's what she does, right?

If the devs eventually realized that 1% is too huge a chunk of the total supply for her alone, then it was not her fault. The devs had the option to lock the tokens but they didn't. So she had the freedom to dump them all at once. If I were also an influencer, I might also dump them. To hell with those shitcoins. Dump them while they still have value.

By crying that what she did was killing the token, the devs are in effect admitting that the project is weak and the token does not have a strong demand.

Idolizing itself is root cause.


$1? Wow, they seem to throw things like mcap, supply out of window

:D
And most of their followers will always follow what they are doing with very high trust that they will be also as successful as the influencer  :D
So sad to know this but in fact, if they are dumb followers, they will always say that whatever is done by their influencer is the best and they will follow it. So funny again.

And in the crypto industry, this relaly doesn't work.

analysing this theoretically i want to understand the aspect of influencer's paid promotores, this area of terms is complicated, because  emphasising on promotores they are the one that is in charge of sector from my own perspective, because they belong there..so who are influencer's? This both party is doing a related function in order to bring their images in reality, actually they are working for payment which i know is their objectives.

Devs are completely incompetent and if she didn't screw them over, they would do the same to those who would buy that meme shitcoins. In short, they got owned by the shady twitter "influencer".  I mean, who nowadays gives marketing tokens that are not vested? Shitcoins, pure and simple.



Haha yeah, just a clickbait titles. Talking about SHIBA, few weeks ago I had an argument about with one guy i know IRL about it; he claimed that it will soon reach $0.01. Then I did some quick napkin math showing him that in order for SHIBA to reach that price, mcap would be x4 bigger than of Bitcoin, which is just crazy. That didn't change his mind though as he still think it's possible. But you know the saying, "everything is possible if you don't know what you are talking about".

Crypto projects can't survive without influencers at times mostly for new projects with good solutions. This where trading with caution comes in handy. Without influencers some good projects dies off because the lack investors. Been risk conscious for each crypto hype will save a lot of future losses and serve as a guide to quality investment plan.

The influencers help the crypto project to attract attention from people and some of them are the investors that willing to join with them and make a profit from the project.
If the influencers can give a good presentation about the project, that can make many investors invest in their project and achieve their goals sooner or later.
So without the influencers, it is hard for the project to grow and get more investors.
But we need to be careful with the influencers because sometimes, the influencers can spread fake information, so we need to find out more information about the project.

That was how I bought a token during my noob days because Floyd Mayweather, the boxer, was used  to promote it. It later turned scam. But Mayweather is still walking a free man today while investors counted their losses. I learnt my lesson the hard way when that token turned scammed. That lesson is NEVER ever buy any crypto because a known face is promoting it.

In my few years in this industry, I have come to realize that:
1. Crypto growth demands patience
– forget what's happening now. We are in a bull season and that's why people are pulling out profit easily. Wait for the bear season and find out the true believers. There's always silence when that time comes.

2. Never invest cash you will miss in cryptocurrencies.

3. Do Your Own Research (DYOR) before investing in any project. Don't rely on influencers to do the picking for you.

I just checked, she only buys meme coins. 2021, what a year. Imagine what 2022 is going to be like.

She "buys" (read: mentions) whatever is popular at the moment; 2 days ago it was DeFi, yesterday it was NFT and today its memecoins. That's what all those influencers do, they are mentioning whatever will bring them the most followers and impressions, and memecoins are hot at the moment. Rinse and repeat.



My guess is something like 2018. A low of newbies gonna end up rekted.  :D

Footing my understanding about the so-called Twitter influencers, they mention whatever will make their tweet go viral, gain advertisement proposal, get more like and retweet by naive Twitter users and some project Shiller.
But technically, they are just Bitcoin, ETH, and other top 10 coins holder. However, I believe their activities on Twitter is one of the reason why Twitter introduce crypto tip on a tweet.


2018?
Newbies are already rekted cause a lot of people are already affected by the recent Squid game issue.

You think that this is comparable with 2018 when shitcoins are loosing 90% of the price left and rice, and not just them, but solid coins as well? Just take a look at CMC now; DOGE is in top 10, SHIBA ranked 11 and God knows how many shitcoins still in top 50 and they keep pumping.

So no, this is nothing compared to 2018.

I think they mention whatever pays them money, or they mention one that they are holding so later can dump on their followers.

Just want to have a better understanding of what you are trying to say when you said 2018 and yes I expect the same market correction that happened in the year 2018 to happen next year when Bitcoin halving effect market always end but it still can't be compared to 2018 market correction cause we have more traffic than 2017 market.