Bitcoin Forum

   The influencers can be a crypto-coin expert, crypto-coin creator, business Mogul, stock exchange/trading guru, analyst, politicians, celebrities and so much more these portfolio/credits doesn't make them super/perfect Human can get right their prediction/speculation/advice and they can also get it wrong.

If you -newbies- are waiting on a spot on prediction from an influencer you might just be kicking against a mountain expecting it to give way to your riches, you have to climb over the mountain -doing your own work-.
Besides an influencer can
+Be hacked
+ Wrong
+ Bought over
+ Unforgiving/unrepentantly rigid and stubborn to their believes even with proven facts that they are wrong
+ Trolls
+ Black mailed
+ Under duress and so much more

Newbies you should not swallow -blindly- or take every hook line and sinker because it's an influencer stands
+Funds/money can be lost
+ Zeal/gusto crushed
+ Mentality smeared/blurred

Mind you fake influencers exist, influencers gunning at their progress personally -selfish- exists tool.

Newbies build/work towards your own prediction/speculation by using instruments -news/information/questions-
Beware Influencers can leave you blue/hurting.

Yeah influencer just want views, hits, upvotes...

A lot of YouTube videos on cryptocurrency are designed to be clickbait in nature. They can be good for perceiving someone's sentiment but I'd draw the line there...

They keep shilling and posting anything good about those new project or coin because they are paid. I saw a lot on Twitter influencer with dozen of followers and Youtube shillers, who keep posting specifically on different project. Good for them cause they are paid how about those who believe their shill and got rekt. Of course you cant blame them since you are just blindly following them.

Dont easily get attracted with these kind of hard shill cause your money is at stake while they are being paid to that so even the price go down they still gain profits.

The influencer strategy is what scam new cryto related project and online theft use these days and this was also what the twitter hacker used to stole BTC from people and i hope the twitter hacker strategy is more than enough lesson for people to understand that strong self making research is very important before making any investment.

Note : It sad that despite all several alerts some people will still follow the intention of this liars.

They -the influencers in question- don't give half a shilling of care to what happens to those who believe what they shielded, should I say it's a paid partnership, more like what we see when a brand signs an ambassador even if they don't like or use the band, they have to show they world they do.
-newbies- has to know the ropes, with the Twitter hack, and lost bitcoins,

Don't trust, do your own research and verify info you have.

• Influencers can be good guys or bad guys. Don't trust anything they tell you. Moreover, even good influencers can be wrong from their own research and analyses so be careful when putting your financial freedom to someone else.
• The rule can be expanded to softwares (wallets, ie.), investment plans / recommendations, and so forth.
• After verifying their words and check legitimacy of projects, you have to jump directly to ToS (Terms of conditions or Terms of Service) and FAQs to read most basic, and vital things on those platforms. See if their terms are fitted with your need, and you can satisfy their requirements (your nation is not in their list of restricted areas, ie.), let's go ahead. If not, stop at it and wait for other chances.

Listen/ Read > Research/ Investigate / Analysis > Read ToS/ FAQ > Make a decision *

*: Don't put all of your capital into anything because of influencers' recommendations.

I wonder how you find my old comment? Are you stalking me?  ;D
Jokes aside, just ignore teen influencers who do TA since they should finish their school first. However, There are some fair channels like Ivan on tech and Chico Crypto, which mainly for entertainment/chilling purposes.

This just reminded me of the era of shitcoins pumps as different coins (from no way) would start picking momentum due to it being the next picked by the so called influencers. Then pump and dump groups also leverage on that opportunity as they became famous too. Op, while you advice about them not paying attention to the so called influencers also remind them not to follow anybody advice found on the web too. Majority of the community members are only after the money and would do anything to get it even though it requires decieving the masses.

On YouTube, twitter etc ignore the hypes you see as none are genuine, they're are all pay advert or hypes coming from users that have already filled their bags, hyping to dump on gullible users seeking for quick money. Be cautious in this space, trust no one.

Influencers are just online marketers getting paid to advertise services, items and whatnot. They are not experts in any way and shouldn't be viewed as such. One day they will advertise one thing, the other day something completely different. Whatever pays the bills, eh Mr Mcaffee! Until the SEC ordered him to stop.   

Those influencers are making money from fame not by investing on the project they are predicting sometimes the project itself pay to the influences and ask to shill for them on social media.Its like how celebs advertising cosmetic products and the promise that you can be fairer if you use this for 30 days but after years of using you will be still the same. :D

No one can predict, so just trust your predictions. ;)

Absolutely true!

Your thread reminded me to John McAfee as a crazy unrealistic speculators.

https://i.ibb.co/tzqnnLF/download-6.jpg (https://ibb.co/2SvRRZH)
source (https://www.reddit.com/r/Bitcoin/comments/hsz0gn/its_time/?utm_medium=android_app&utm_source=share)

Where's the video of this? Anyone who have please kindly share it here :P

Newbies, at any means, won't be able to avoid any advertisement brought by these so-called "influencers". Social media is so vast that even with lots of awareness about how to deal with these influencer's stuff, there are really times that newbies will try to test the waters there. Even others are aware of what will be the result, their curiosity is telling them to join the party.

It now depends on how their "common sense" will react to those ads they will saw. Fortunately, it's not the same as before wherein dragging people into something is easy. Today, I can say that some newbies aren't literal newbies anymore and they can now determined if what they encounter is sh*t or not.

Let's just hope for the best that someday, the number of people falls on this scheme will be decrease as time passes by.

I also watch some of videos of these yotube channels, Ivan On Tech and Chico Crypto mostly. I love some of their videos, they are just being true and just telling their own opinion. Especially Chico Crypto, when he got some paid or advertisement videos, he told it before starting or description in the video.

But I am advising to everyone, even how good you think some of influencers, they may be still dangerous or might not be the same opinion/vision/perspective as ourselves. So, it will always be better, we should stil learn somethings by ourselves and ask a questions/do research.

That's true after McAfee's fiasco I dont think we should go all out or 100% on what they are saying, it's always been said that we should always do our own research because it's our money and we are the one that is going to lose if we keep following what they are all saying when the market is unpredictable.

One probably needs to suss out for themselves if a give profile one follows has got the background and required objectivity. Money bends people who are straight, and makes simple-minded buffoons jump into the ring. We need to distinguish between information and a commercial, and that is not that simple in a world where the influencers lean heavily more towards the latter than the former.

These are some (anonymized) samples of influencers and or agencies that announce their services on the internet:




Those are definitively profiles you do not want to follow …

Not just influencers, it could be a reputable platform, ceo of big companies just like what happen recently the twitter hack which targets well-known individuals and platforms. It proves that there are some people that will not analyze it first if it comes from a well-known individual they jump right at it without thinking. Those influencers are just humans their predictions is not always correct so I am not really a fan of it I'll just ignore them.

In fact, they shouldn't even trust anyone. Any information they obtained should be looked up, referenced from other sources, and asked around from other forums multiple times imo. Research is basically the key to making sure everything goes right, or at least, having enough influence to what might happen when you set whatever plan you have in motion. In fact, even those famous people known to be correct most of the time could also make mistakes, hence the term "most". Especially for billionaires and the like, heck, I trust more people in the forum than those billionaires in certain aspects after all, not that I don't trust them at some times.
They're also just making money by trying to get on the famous stuff, riding on the bandwagon train right there. Especially on centralized currencies, the highest bidder wins the influencers' advertisement and this happens in most cases in various industries, not just crypto after all.

I have followed some influencers on altcoin space not because I love their sentiment about crypto but sometime its quite funny how you read their lines just to shill or create fud. Who would forget these guys especially the two on the left?

https://i.imgur.com/a9UMIKS.jpg

Also here are the top 35 influencer based on Bitcoin.com
https://i.imgur.com/Scj90Ks.jpg

Some are credible and some are obviously shillers. Thats how price marked in the market. I believe some of these guys are really influence the market. Example CZ, when he tweet the community reacts fast. For those who can ride out the hype and earn profits then good for you. But like mostly said here if you will be influenced by them make sure you are aware and ready for the possible loss if it turns out the other way around.  For those influencers just started to grow you can noticed how their supported project line up on their channel/page ^{these are paid actors you would want to avoid.}. Just my 2cent, rely on TA 60% and give your FA a solid 30% the remaining, depends on strategy.

For a fact, prediction and speculation never says 'hey, I'm 100% certain or perfect'. It only means this could be this, take this form or happen this way. Everyone has got this, to predict! Ain't nothing wrong in looking up to and believing in experts, you've got to learn and make your own predictions, there is no believing better than in yourself. Read the signs and your predictions is just about right!

Have you heard about the recent reported scam that uses popular people's account in Twitter?

Where they said that they will double the amount of your bitcoin?

This is the best example of those scams that uses high profile personality so that it can influence a lot of people and it will looks like very legit. Scammers are very good at thinking of a strategy where they will use social media because they know that there are a lot of users online. Don't trust easily and never believe on those things that you only see in internet, try to explore and understand more.

And make sure you use multiple source to prevent bias or fake information, i've seen many people only rely from 1 source and turned out the source is biased on specific topic.

Even a day old baby in cryptocurrency investment is aware of the issue because it a glaring situation and I think thats what inspired this thread. however, the hackers are Graham Ivan Clark 17years whose also the mastermind, Nima Fazeli 22-year-old and Mason Sheppard 19years and they have been apprehended.
Graham have been charged to court while other 2 case are still waiting, he pleaded not guilty and he was once had criminal case in 2019, which involved 400 BTC but I heard he was tild to pay $25K for bail.

Influencers are really effective in making its audience believe on what they are saying in the internet.

Their mindset and words are powerful especially that people treating them as their idol or icon.

That shouldn't be your mindset in the social media platforms, you have your own thoughts and mindfulness. You shouldn't believe all of the things that they promote or saying in the internet, especially if it talks about businesses and investments. You should know how to become a crypto user effectively on your own. Yes, you can gain a lot of knowledge for someone but you should know how to determine between the good and the bad.

Not alls, but usually an influencer creates content in order to entertain. And that content can be creative in its way of reaching people, but many times it doesn't even understand it.

In fact it may or may not be in the learning process (the influencer), but it is so good in the creative part of spreading content, that it forgets the learning process and gets stuck, that a user with knowledge must discover.

The source of the content that the influencers use is available to everyone, they do not have access to premium information (the vast majority) that is, all the information you need is at your fingertips too, so study it and create debate with these people or at least you can tell when they lie to you or just want to win a view or a like.

And if, as I said, not all, because content diffusers are necessary, people who help us in the learning process to understand concepts or send us information that they interpret more quickly through their experience and shorten the learning process, this it's called pedagogy, look for them. Not because they have thousands of followers, but because you made an evaluation based on their knowledge, that is, you should study on your own, always.

OP's post made me suddenly remembered the line of one of the famous horoscope readers here in our country, "Hindi hawak ng mga bituin ang ating kapalaran. Gabay lamang sila. Meron tayong free will. Gamitin natin ito." In english, "The stars do not control our destiny. They are just a guide. We have free will. Let's use it."

In short, do not depend everything on the stars (well we can set these as the influencers). Think and act based on your natural instincts. If you lose money then that's okay, just try again. Remember that failure is not the opposite of success, it was part of it :). Be proud because it was a product of your own will and not by the others. That was less regretting, isn't it? So don't be afraid of experimenting and making your own strategies because it helps you to grow.

Actually, there's nothing wrong on listening to the experts. It's good because it was also a form of learning. But I hope you won't come to the point that you can no longer stand alone for yourselves.

It's ok to read and listen to their analysis but when making your decision to invest it's your final decision that matters and that final decision should go to your own analysis, there is no such thing as perfect analysis or analyzer they do make mistakes from time to time we don;t know if they are also investing on the project they are reviewing, some of them are paid shills.

In my case I would rather invest in a solid form of investment no matter how long the ROI I could get as long as it does not compromise the security of investment. I consider cryptocurrency but I think I could only go far on bitcoin and other establish altcoins like ethereum but other than that with the new offers nowadays then I think it does need a long study and research but still not an assurance that it could get enough ROI in that kind of investment. One should not trust their money to others unless as I have mention earlier that it is something solid like bitcoin investment.

I know others will not consider bitcoin as investment but as what others seeing also that bitcoin could relatively a form of investment because of its market value volatility which trading could happen wether a long term trade or a short term trading.

"Buy the rumours, sell the news" that is a classic rule but in reality unfortunately most of investors do the opposite thing. They buy the news and sell the rumours.

To gather news (both real and fake ones) then filter them and get only  real news to use is not an easy task for newbies. Most of newbies sell the rumours because at beginnings they don't afford to lose with their decision, they only think of profits and don't have a preventive plan.

FOMO to buy at peaks.
Fear of losses and get out at bottoms.

Both types of investments/ tradings have same ending, losses.

the problem is that only bitcoin can be considered an investment because it has long term potential thanks to its unique utility combined with decentralization and limited supply. unfortunately there is no other option and despite what we keep hearing we have no "established altcoins", we just have some bigger altcoins that have more popularity because they got bigger pumps and they are centralized and have a lot of money to throw at the coin. otherwise majority of them are terrible long term investments, for example ethereum that you mentioned has unlimited supply and being a centralized altcoin means it has a horrible inflation in long term even if it doesn't look like it right now (in short term).

In addition, instead hearing from famous news site you read everyday. Why not confirm those rumors on the project itself which Im sure they can confirm if details out on the news are accurate or some kind of a fud only. This is an effective way to filter all hype news and shills. We never know, these influencers/paid sites or bloggers are very powerful for a typical reader.

What's new these experts has their own biased based on what coins they are hoarding, you got to know if the advice is hype or shill, they should do what they preach if they are telling people to invest on these projects he should further explain why and it's potential and of course he is also one of its investors.

I usually watch and wants to know about the opinion of another person about a certain coin that I'm gonna buy because for me it strengthens my resolve to buy that coin and it's true that some influencers are biased and being bought by the coin, there are few telegram groups that are looking for youtube and twitter influencers to shill their coin, and sometimes they shill their own holdings to their subscribers and followers. There are only a few legit advisors that actually know the truth and give proper analyzation, not only a straight-up shill.

There were also influencers nowadays that are not very familiar to cryptocurrencies, hence they manage to draw people to make investments.
Make sure you are following the right people that is bound with knowledge.
Do not just follow people because they are famous and many people are following them.

This is a great advice that all newbies should listen to. No one has became rich by listening to social media influencers, but many became poorer by getting scammed or just getting stupid advice. Unfortunately, when people get the most common advice in crypto - "do your own research", it's really easy to misinterpret it and count reading posts from influencers as research. This is not to say that no one should get information from social media, but it should always be taken with a grain of salt, and for topics like trading, this grain of salt should be really huge.

because they look attractive and seem to be real but in the end, it was only a smart trick for a newbie. But I believe that not all influencers will look bad nor a cause of every mistake that these newcomers had made, they're might more but not all IMO.

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It only that people must have to know more about what they have represented with these influencers. Because in that way we can identify who really they are and know the possible outcome for this. Don't let them trick us even though we are new to crypto, it is all we have to be knowledgeable enough.

Political persons can be one of the influencers too, previously I read some thread containing 4 of the senators' sign some request that they wanted to lower the tax on POS coin. One thing about this kind of request is, these guys have not been seen in this kind of field. In other words, they don't know what they've done, someone might have been paid them to do this act. But sometimes, they lacked understandings with this will lead to loss of profit with the others. When they promoted something that will lead to scam after several months or years from their promotion. Just like what happened with the celebrities who became a victim in the scam investment which what we called Ponzi Scheme.

You can read more about it here: https://www.mirror.co.uk/3am/celebrity-news/bernie-madoffs-web-lies-celebrity-22289731

https://i2-prod.mirror.co.uk/incoming/article22289919.ece/ALTERNATES/s615b/2_Bernie-Madoff-Pleads-Guilty-To-$50-Billion-Scheme-To-De-Fraud-Investors.jpg