Bitcoin Forum

I made a post about crypto influencers not that long ago talking about how people still trust them despite all the cringe and stupid stuff they post.
In the the last post, after reading your comments, I came to conclusion that most of the people who follow crypto influencers are:
1) Normies (or lazy people who don't want to do research and want to follow trend)
2) Bots
3) Bitcoin uneducated people

I think the third category is the most interesting one because I don't know how long it will exist considering what is happening with Bitcoin right now.
We can see that there are more and more programs about Bitcoin awareness and crypto education. More people are getting interested in what bitcoin/crypto actually is. And one of the signs of Bitcoin adoption is the promotion of Bitcoin education.

I think in the next few years, influencers can lose their "influence" over uneducated people because they're gonna be fewer and fewer of these people on the internet. And I don't think that bots and normies are sustainable audiences so I think influencers will see a hard time soon.

And overall, bitcoin education will decrease people's need for influencers simply because they will already have all the knowledge needed and all these Twitter posts about "PUMP IS COMING" will sound pretty stupid. And you shouldn't be the most educated person to see it. And it's pretty obvious that all these Twitter people post specifically for people who don't have a good knowledge about crypto because most of these posts are just basics and hype.

So what do you think?
Will we finally see the fall of influencers or there still will be enough stupid people to follow their advice?

There are many online course and learning about Bitcoin can be accessed without need to pay anything because it's free. But most people don't want to learn because they only want to focus to make money and following the upcoming hype to buy a potential shitcoin. If people have spent their times to learn about Bitcoin, crypto influencers will fall day by day.

I think crypto influencers will not fall because there are a lot stupid people out there.

Why do you think that the "Bitcoin uneducated people" are different from the normies? There are many ignorant people, who are lazy and they simply don't want to start learning about Bitcoin and cryptocurrencies in general. You can call them however you want- normies, uneducated, lazy, sheep, etc. I don't divide them into different categories. They look all the same to me.
I don't think that the crypto influencers will go away. Most of the people have the mentality of sheep. They want to follow a leader. They don't want to be their own leaders and put their shit together. The world will always be full of stupid and lazy people, that's why the crypto influencers/crypto scammers will never fade away.

Also a lot of Normies/uneducated people would look at influencers and think they are
being educated!

Influencers speak the kind of language these people want to hear and the demand for them
is not going to dissipate because "cryptos" predominantly $hitcoins are constantly changing.
Followers will always be looking for the newest, bestest and fastest way to get rich quick.

To be fair though, there's probably a lot of influencers out there that's really passionate about crypto and will give you what you need, not what you want because boxing them all in 3 categories seems kind of indicative that you're quite quick to judge someone. I don't think there's going to be a fall for influencers because when the market rallies to green, guaranteed that they're going to sprout out of nowhere preaching about the market and shill their tokens.

There are still individuals in the social media cryptocurrency scene whom I can distinguish based on certain characteristics. Despite having been involved in cryptocurrency for more than eight years, they may not be referred to as "influencers." These individuals may have previously shown interest in various altcoins and made recommendations, resembling influencers, but now solely focus on Bitcoin, possibly due to their newfound millionaire status. I continue to follow individuals such as Peter Brandt and Leon Fu, who exercise caution in their opinions and tweets.

People still follow many influencers or Traders on Twitter and rely on their calls to make money in Crypto.
You go and see how Crypto Twitter AKA CT is filled with so-called gems who gave you an x100 call and you missed it and now once you start following them, they never give another x10.

About Influencers, they are total shit and shouldn't be taken seriously at all. Most of them are paid to shill a coin that doesn't have any future and whose chart looks like that of $ADA.
I have seen people commenting on these trader(s)/influencer(s) that they lost a lot of money just because of their call, Imagine buying a dip that no one cares about.

There will always be "Bitcoin" and "Crypto" uneducated people in the community as every day someone new joins in with a dream to become a millionaire with a coin as shit as DOGE after Elon's hype.
And that's not even the major problem, those who are leeching out the normies are the problem. Paid influencers are the problem. Shitty exchanges and projects are the problem.

Many people who are uneducated in the field of cryptocurrencies always identify opportunities in the industry created by influencers with the intention of profiting by imitating their actions. On the other hand, some people are so lethargic that they are unable to put their knowledge to use in order to support their own investment.
In some categories, especially those who invest in ponzi schemes, they always have deaf ears, and I believe there are many of them in the cryptocurrency industry with the aim of becoming rich quickly, so this kind of people will never get the chance to learn because of their aim of becoming rich quickly in the crypto industry. I may say that stupid people may never finish in this world regardless of the guidance they try to give them. despite the fact that there are several Crypto books and online courses available, people are not prepared to study.

Either you go all in or you stay out. Don't just learn something and think that it is enough. In education, nothing is considered enough. The same goes for learning bitcoin. Once you know what the influencers are doing and trying to manipulate you, you will avoid them at any cost. It is not so hard to learn once you see how they manipulate others. So what is really important to let people know first? The education on Bitcoin or the scams that those influencers are doing?
I think from my POV, it should be exposing those influencers first. Because when people will have no one to lean on, they will start to learn on their own. That way, we kill the root of the problem and the solution will come out on its own.

I am not sure only stupid people follow their advice. People from all backgrounds and levels of experience may follow the advice of crypto influencers, including those who are new to the cryptocurrency space and looking for guidance, as well as experienced investors and traders who may value the insights and analysis provided by these influencers.

The stupid thing to do, as for me, is to follow them without a critical eye and doing your own research before making any investment decisions. The danger of crypto influencers is in the fact that they can be persuasive and appear confident in their analysis and recommendations, which can lead people to rely solely on their advice without conducting their own research and analysis. It's important to remember that crypto influencers are not financial advisors, and their recommendations should be considered as just one source of information.

Most of them are just in it for engagement & the paid advertising & sponsorship they get from it. Very few are true, dedicated bitcoin maxis. There are no heroes in bitcoin & that’s what makes its decentralised design so special, we don’t have to rely on any individuals.

I have seen so many of these so called influencers turn to shilling crappy alts because they get paid to do it. Ben Armstrong is one of the worst & MMCrypto is equally irritating. That Moon Carl dude is annoying too. None of tyese guys are worth following.

I'd be curious to know who the big crypto influencers are we're talking about (and I fucking hate that word, but I'm going to use it anyway) and through what platform(s) they're spreading their charismatic, bought-and-paid-for advice.  I'm assuming it's mostly Youtube?

As to the above snippet, I would hope that'd be the case but I'm pessimistic about the masses losing interest in peddlers of hype.  I mean the information is all out there as far as what bitcoin is about, and yet a lot of people just want to watch videos with clickbait thumbnails and they never get past that stage.

There are two Youtube "influencers" I detest in particular--and mind you, I'm not that familiar with who the most popular are because I rarely watch videos about crypto. 

The first is bitboycrypto (I think that's his tag).  I've seen other Youtubers play clips of his videos, and it's goddamn obvious he's the crypto equivalent of Jim Cramer, but probably much worse in the obviousness of his bullshit.

The second is Voskcoin, though last I knew he was primarily focused on mining.  His smugness and general presentation is just repulsive to me, and he--like most other big GPU mining channels--is probably a Youtuber first and foremost and a miner as a secondary passion.

TL;DR:  Fuck 'em all.

We have to be careful about the so called crypto influencers because all they are after is to persuade you to invest on anything they are promoting in other for them to ensure that you got the idea and go for it irrespective of the challenges or conditions associated as long as they will get paid by what they do, this makes it very paramount for us to always research on anything before showing interest, once they've brought you in they left you vulnerable to yourself to face the risk and consequences.

You don't have to buy any online courses about Bitcoin to understand Bitcoin when we already have access to the internet, everything there is to know is available on the web, Google is a good place to start learning.

I believe that most crypto influencers can't be trusted because many of them are after their own selfish gains only, but it's wrong to believe that they are all the same, some crypto influencers do know what they are doing, they want to to grow their followers just like the fake crypto influencers but they give very good advice and info to their followers.

If watching videos and following the crypto influencers is what you do, make sure you follow those that do know what they are talking about.

Just like you have explained, not everybody has the time to keep going from one platform to the other to search for information in order to get informed. As a cryptocurrency investors or traders, I don't see anything wrong in following influencers or trying to get some pieces of information from them since they are always active and doing research about the market but what we need to do is to be very careful on how we utililize information we get from cryptocurrency influencers. There should be a limit to how we sort for info from cryptocurrency influencers to limit our risks.

Normally, bots don't earn influencers anything; it's likely the nomies and the uneducated Bitcoiners or the crypto newbies. They are always in a rush to make money and thereby fall into scam altcoin projects or even get duped by someone promising to multiply their investment. There are really some people who will not devote time to learning, and there is no way to totally change that fact, so influencers will still benefit from that.

Bots only make up followers for those influencers; if one really takes their time to scam an influencer account, you will discover that there are a significant number of bots in those account, and victims just fall for the high numbers of followers those influencers have, not knowing that a lot are just bots.

I'm thinking on which on the three am I because I did follow some in the past, but not anymore. Maybe I will just put myself in the third one, because I don't consider myself as Normies since I always do research whenever I invest into a new project. I'm not a bot as well. At least in the third one, for me it isn't uneducated, but more of a "lack of knowledge" kind of people.

There will still be stupid people following them, and just by looking at how many people are spending their time on the internet, I believe that they will not stop.

I mean there will still be lazy people around the world who will just follow what the influencers they're following are recommending, and when they lost, they will put the blame on them which is quite ridiculous knowing that these people who are following these influencers are lazy.

Do they think that being lazy will make them rich? Do they think that following the recommendations of these influencers will make them rich? Do they think that just throwing money into a project without any knowledge into it will make them rich. If only it's that easy to be rich, then we must all be rich by now.

I did follow these 2 crypto influencers back in the year 2019 I think. Bitboycrypto in 2019, and Voskcoin in 2020. :D
Overall, they are being paid to shill some new projects that's why I'm not following them anymore. TBH, I don't know anymore influencers who are advertising projects than these 2 especially Bitboy which is just a stupid sh*t who advertised a few projects in his channel, and now those projects are nowhere to be found now.

It's just crazy that Bitboy has more than a million subscribers still while Voskcoin has 600k+ subscribers, and that shows that there are still people who are either getting entertained with their videos or following what project/s they're advertising on their channel. Well, I subscribed to Voskcoin back in 2020 not because of him focusing on mining (because I can't mine Bitcoin using mining rigs here), but because his Shiba Inu doggy "Tails" is very cute.  :D :D

There will always be stupid people, but like you have said the number of stupid persons that just take the opinions of these influencers simply because they appear to be successful online will reduce more as awareness spreads the more. Everything comes down to information, the person with the information is the most powerful person, and since influencers have good access to information better than most of their followers, they have a strong influence over them. When this information about Cryptocurrency becomes more distributed that more persons have access to it, people will no longer need to depend on these influencers when they can now make and form an opinion on their own from the information they have.

When it comes to general knowledge about bitcoin, it is true that we can get information for FREE via searching it in the internet but the problem is that you will have the hard time on what sources and also the process of studying that you will do. There will be information overload wherein you will be confused by studying a lot of topics.

But if you have spare money that you willing to allocate for some online courses in order for you to have mentor that will teach you from beginner into advance levels then it is better just make sure you will choose a Legit teacher and not a mentor who just focusing to make money.

I do not trust influencers because they are posting crypto related topics because of monetisation and brand deals. Better to get information in the legit sources that can help you to have better investment decisions.

Consider yourself lucky if you are not given another 10x because it shows that such a person is been realistic, 10x projects in a bear market are very rare and if anyone keeps giving you a 10x project almost every time something is wrong, they are trying to use you and their followers to pump their bags, it means they have gotten into the projects before you and only you the followers can help them reach their main target and they will dump their bags on you.

When they don't give another call it's because they don't have any, good calls don't just always pop up in crypto space, do you know how many projects get into crypto per week? Sometimes it's over 100s and the majority of these projects are scams.

As long as the condition of people, especially for new things, still expects something instant without learning more about Crypto, I think influencers will still continue to exist in terms of influence and will actually continue to mushroom because there are many people like that.
The laziness of people in learning something, especially for those who have minimal literacy, has always been the biggest reason for the existence of influencers like this, even though if we want to learn more, such things can still be minimized, it's just that when there is a lot of laziness for new people then of course such things will never disappear.

They are not influencers but clowns on YouTube trying to do everything they can to get profits. Their only weapon is greed. The more greed people have, the less they think, so they do everything they try to stimulate your greed, and thus your thinking becomes less.

To fight them, you must educate yourself by looking for the correct sources of information and reading books, and then you can easily distinguish between these clowns.

Correction:
1) Corrupted souls (celebrities, social media figures, sponsored youtubers, etc)
That is all. These are the only kinds of people who influence cryptocurrency. They are corrupt and there is nothing else to it. Here is their method:
1. Sell themselves and probably their true self out for a personality that a following will like
2. Create content that the mainstream audience will surely consume
3. Get sponsored by a large entity to do something that will probably detriment their following at one point or another.
4. Repeat until their following feels betrayed by the person they once enjoyed viewing or even looked up to.

Normies and bitcoin uneducated people would more likely be those who are effected by crypto influencers. It's not surprising that crypto influencing (and influencing in general) reached peak effectiveness during CoronaVirus/COVID lock-down/isolation periods, when mental health was surely at its lowest for the populations of those countries imposed on COVID sanctions to "stay inside".


I agree completely with all of this. I have not done any thorough research, though from general online and offline observation it does seem like crypto influencing/influencing in general is having a much lesser effect on people than what it was before.


There will always be gullible sheep unfortunately. For as long as there are platforms to influence, there will always be people who will be influenced. I do believe that the decline has started and we should all be thankful for that.

I don't want to go too far about this because media influencers always have their ways of getting and attracting people's attention. The more we grow in knowledge the more they also diverse a means for people to believe them and moreover there are lots of population in the world and still some people aren't yet exposed to the internet.

There are people who still don't have the knowledge of bitcoin or digital currency which I believe they are the people who lives at the interior villages where they have no modern facilities which includes; Poor network, lack of electricity, poor media communication and many more.

Whenever these people hear's about all new technology's it sounds so strange to them and most of them who are little exposed may want to visit the internet (google, facebook, twitter, Ig ect) to source information, any information gotten from internet might be seen 100 percent right for such people.

In summary, there's no way to prevent influencers from spreading whatever information they feels like sharing. Alternatively as an educated individual we (you) are could go deeper in making your findings and research before either or whether to believe in any news from influencers.

When they have more and more followers, it will be a good weapon to continue to influence many people to follow their advice.
Like the clown saying the pump is coming, the choice of coins that must be bought, and many more.
People who are unfamiliar with crypto might get interested and start following him.

Such influencers also benefit from the projects they promote.
Just look at the links embedded in the description will definitely provide referral links to benefit when people join.

There is no such thing as free financial advice, it has to be paid for with profits for the influencer.
Some influencers do provide knowledge about trading, but most of them just brag about new coins that will potentially rise high.

Distinguishing the clowns who are just giving nonsense will be quite easy if we are more updated and know the real information.
Being a beginner is not a limitation to getting clearer information.

Almost all influencer platforms have started to share their knowledge and advice on crypto, but don't take all advice at face value, it's worth researching.
Some dips are necessary, as the market has been strong enough to stay above for a long time.

Well, I do not believe the real/honest influencers will ever fall assuming this is about those who can influence the price of Bitcoin/crypto & other things here. The issue is with false influencers or people who are nolonger able to influence things in Crypto space.
So, the false ones will fall while the real/honest ones will rise or continue to rise.

* It's important to note that all the real influencers rely completely on the CREATOR of the Universe, that's how you know them. Those who exalt themselves have been brought low while those who exalt the CREATOR have been lifted up. One of the secret is to exalt the CREATOR so that you may be made a true influencer. We are in a unique time in human history. A time for justice in the World.

Cryptocurrency market influencers are fading away due to various factors.
1) First of all, most of them do not have a solid knowledge of cryptocurrencies. They use their influence to hype projects and paint a bright future even though they know that all cryptos are just startups. The risk of investing in them is huge.
2) Crypto influencers don't have solid trading knowledge and try to mislead the community to profit in a sophisticated way. They use financial instruments, using their own money to put people at risk for profit.
3) They don't have many stable income sources, most of which come from PR for projects. This becomes obsolete as the community gets smarter and faster than they think.
4) They go bankrupt as quickly as they get rich from their unethical behavior. Their financial management is poor and they gradually drift away from the community.
5) They don't bring value to the community and they get back with a drop in followers.

Regardless of where the world is heading, influencers have a role to play. They may be fewer in number, but they will still find a way to influence others. Technology is not yet available everywhere; certain regions in developing countries have no notion what it is all about. When technology advances to that point, we may still see people falling under the spell of those influencers before they gain a grasp of bitcoin education later.


You can never get everyone to be exactly the same. As you stated, more people will still accept the advise of such influencers. Some may even make it appear personal, as if they had something to gain by following those influencers.

The most accurate post in this thread I've seen so far. I don't think they are influencers! They want a commission from users signing up and investing, and at the same time, they are making money from a few more sources. They are making money by advertising the product and from views. All they care about is money. Even they promote Ponzi schemes knowing that their followers will lose money. They turn off the comment of their video if people start to complain.


You can't fight them. Ignoring them is not a fight. You can ignore them because you know what they are doing. But newcomers always want to learn about Tech, Crypto, Bitcoin, etc. Unluckily, those clowns always get the first page of the search result. They will exist until the end of the world. Just make sure your people don't hear them.

I don't think crypto influencers are going away any time soon, because there will be always gullible people who does not know all the extend of the scams one can find on internet, that is specially true on people who has certain age and do not understand that Crypto is not magic and cannot generate a passive income of two figures in a consistent way.

I personally know the case of a mother who lost $30k to a ponzi.  :(

It would take several technological companies and social media to get together and put explicit Terms of services on the table to contain people who just want to scam their followers.

Influencers in the cryptocurrency space have been crucial in bringing cryptocurrencies to the general public's attention. People have lost money as a result of the cryptocurrency market's volatility, and some have accused influencers of tricking them into investing in underperforming cryptocurrencies. Additionally, some influencers have engaged in fraud and frauds, which has caused their following to lose faith in them.

Although crypto influencers have contributed significantly to the development of the cryptocurrency industry, they are still exposed to the same market risks as other investors and cannot be assured to be successful. Their credibility and reputation are also very important, and any wrongdoing might result in a decline in their authority and confidence. As a result, it's critical that cryptocurrency influencers behave ethically and honestly, and that followers conduct their own research prior to purchasing cryptocurrencies.

I agree with you statement because I feel same about those influencers. Their main targets are those greedy people. Those fake gurus do their planning in very proper manner that those greedy people won't notice the manipulation that they are going through. Once they fall into the trap of the influencer, they will blindly go with the call and purchase the shit-coins that can go 100% down anytime.

We can fight those fake gurus by educating the newbies through Youtube and other social media platforms. If those fake influencers are using the social media for manipulation then we can also use it to produce quality material that will help those uneducated investors, or I must say those greedy fellows.

nope. they are here to stay. while they appreciate altcoins, they appreciate BTC the most. so those altcoins they are trying to promote are just thier sort of added interest to the crypto subjects.

everyone likes BTC. that's the strong foundation that crypto investors have. but because there are some other projects like ETH and the rest, they also care to report it to anyone interested. they may be shitcoins but they exist trying to get everyone onboard.

Op you sounded objective, but you will be if not one now a bitcoin influencer. So are you excluding yourself? You don't have to sound offensive to the bitcoin influencers, they are not doing a bad job but it is their part to promote bitcoin on their end. But if they are not doing the right thing then they should be castigated for what you have said.

Not that those people are not educated, they are because uneducated elements can't speak fluently and trying to convince someone. So if you notice that they are misleading people from the original track then you should correct them.

Now a days very small number of individuals follows crypto influencers and these small number of individuals are those who cannot do anything for themselves but they want to get profit without any hard work but in my opinion following blindly can sometime become risky because of unawareness of the fact.

Many influencers are getting cash as a result of the knowledge they give to the individuals and some are providing without any pay but one cannot differentiate between these influencers so it's important to research before starting and do not follow influencers so in coming years may be the number of influencers reduces due to less admires of these because everyone will be familiar and will use use own thoughts in coming years

Crypto influencers need one thing in common to grow their followers and that is making constant videos, imagine talking about all the good projects a week ago and you need to make new content this week, there is no way you won't end up talking about shit projects that are presently on a small pump before the dump.

In most cases, influencers are just like you, so it's your job to do your own research and avoid bad projects. Most crypto projects won't last long, so use your brain to make better decisions. They are often getting something out of it in return, so you should not always believe them

Either.

It's because those that have aged in the market and relied too much with those crypto influencers have experienced themselves fell. And those new sets of new people that are too lazy to know what they're doing, they'll follow the cycle and that's to rely with the crypto influencers too.

People will just learn after they fell and that's why there's so much to learn based on the experiences that we've got. Without such, we'll never recognize the wrong styles and things that we do on this market and that is to rely only to ourselves and with our capability of doing researches.

There is a reason that you can not find those bitcoin influencers on this forum. If there knowledge would really be that deep then they would for shure be able to discuss on this forum (that was founded by Satoshi). Since they however usually only want to:

a) Sell you something
b) want to earn money with their videos

Their focus is on one of the things above. If you want to sell a product you will need to talk a lot about it. Usually the reason for the advertising is also that the product is shit and nobody buys it if they do not advertise. If they want to make money on their videos, they will usually buy a lot of fake followers to get some credibility and then post clickbait stuff that attracts a lot of people that have no clue about anything.

I don't think we'll see an end to influencers, we'll always have them around the industry since we have social media and projects will need influencers help in shilling their project to their followers and general public for publicity and getting their project to larger audience.

What I think will happen is the reduction in the influencers and we won't be having people listing to them that much, people will soon realize that this influencers are mostly just shilling and not promoting good project so they'll begin losing audience.

Influencing is now a career path that people study so it won't stop existing, newbies are mostly their victims and they believe whatever they see online so this influencers will always have those to deceive but the number will be reduced.

The problem for now is that there are too many naive people who would find it very difficult to say they fell.
Precisely with the increasingly booming crypto conditions, as well as with the many naive people and beginners who enter, this will make them thrive even more, I think.

As long as those people choose the method that they think is the easiest thing to do without the need to study, then indeed the influencers will still be flooded with enthusiasts.

I tend to steer clear of influencers once I realized that their main focus is on their own earnings. Unfortunately, some people who lack discernment and blindly follow these influencers are supporting them. However, these followers tend to not stick around for long. I witnessed this firsthand when a YouTuber had a significant amount of influence a month ago. Their presale videos were filling up quickly, and they charged between 6-10K for a video. However, recently, I noticed that they no longer have the same influence in their presale videos. This indicates that they have lost their blind followers because they promoted subpar projects. In conclusion, it is advisable to avoid following influencers.

Dedication and hard work require time and attention; anyone who wants to succeed must take the time and conduct adequate research on whatever they want to achieve in order to have the best results possible.


Following influencers do make you a lazy researcher;

What can Bitcoin influencers do that you can not also do with solid research about the Bitcoin market and price movement? This forum has always given us enough guidance to aid our Bitcoin investment, so I don't think we need an influencer.

As long as there are newbies who are motivated by greed, influencers will continue to sway and control their decisions. However, if these newbies will also be given proper education on bitcoin, then the need for crypto influencers will also be extinct and in the end, they will never get any demand from their viewers.

Newbies and people who are normies keep the bitcoin influencers alive. As long as they give influencers the attention they want influencers will thrive internet. I am not talking about everyone, but most the influencers themselves don't have proper knowledge, they don't know what they talking about. Plus now chatGPT and Ai makes their life more easier. Newbies need proper education first and hunger to learn.

This is pissing me off more and more everyday. Being an "influencer" should come from the base influence, that is the main reason why it should be used and that should be something either positive or negative but at least have that. Most of the influencers today are people who are marketing people, that's not influencing that is marketing, that is promotion, that is sales, that's a totally different thing. I rather have the Instagram models who promote their clothes and make up and so forth over these people. If you are taking money from projects and promoting them, you are worse than scum to me, you are what makes this world a worse place, you take money to cause others to lose money, that's your exchange? Thats your profession? Shame man, SHAME.

Gone are the days when people rely on ad look up to crypto influencers like a god or  a compendium of crypto knowledge. I remember the early years of bitcoin how we quick join telegram groups as instructed by these influencers, turned on post notifications on twitter so that we do not miss the latest posts of these influencers because bitcoin was still new and the proliferation of bitcoin and crypto knowledge is not as what we have now. Times have changes now and we have these bitcoin information on our finger tips. We can actually now do our homework and based on whatever we find out, evaluate the information provided by any influencer. We are less reliant on these influencers who weren't necessary bad although we had the bad eggs that tried to scam us.

duh hearing those "buy this or you'll miss it" from those influencers are like noises from mosquitos buzzing. i don't know why there are still falling for those kind of cringe words. it was even older than an old school joke to be honest. up until now whenever i opened my twitter account, there are still so many of those kind of people bot excluding on their platform. the reason why i hated those people is because during the last time there was a trend on NFTs there are so many of my fellow citizens who fell for such scams, although it was mostly their fault for trusting the hype, a part of the blame is due to them hyping it, and the worst part is that although i am not that type of person who wants to convince other people to do things they don't want the image of bitcoin and blockchain was tainted because of their schemes and then afterwards they'll just wash their hands like nothing happened.

That's great. If the research has evidence and resources to support their claims, information and advice...that's fine. They should then be called educators, not influencers. Influencers sway their audience into making a decision no matter if the decision they are aiming their audience to take is supported by logic, reason, knowledge or strong supporting evidence or not. Being an influencer is toxic and I hope that those who are actually doing good work start to call themselves educators and unsubscribe from potentially being labelled as an influencer.

It's stupid how some people still trust these so called influencers blindly, right? No one shouldn't be basing their investments on what these influencers say. A lot of them are paid to shill, which means they make bank by promoting projects, and not always with our best interests in mind. Sometimes, they might just be in it for the money, not because they genuinely believe in a project. And let's be real, how many of them are actual experts? Most of them don't even know what they're talking about, and at the end of the day, it's about their own gains, not ours. So yeah, I'm with you on hoping for the fall of influencers. As more people get educated about crypto, it'll hopefully lead to fewer people following these hype machines. But hey, there might always be a handful of dumb people looking for shortcuts through influencers and no matter how much you explain them they won't listen to you.

Greed-motivated beginners will not stop because if the popularity of crypto continues to grow, there will be more greedy newbies eager to get rich. And that's what makes more and more influencers want to spread what they know to attract newbies to join them.

And it's best if beginners don't really follow what influencers say because that won't guarantee beginners will get what influencers get. It is better for beginners to find their own ways to increase their knowledge and the right method to make money from crypto.

That's definitely true, and to be honest, they manage to do that pretty well, engaging a new audience that is new blood in cryptocurrency and trading in general, they tend to be engaging and are pretty good at influencing their audience about anything they wish for, that is the reason why they are called influencers which is sometimes good and sometimes bad.

We can also find some good and honest influencers out there every now and then, who prefer telling the truth and providing their audience with things that can actually be beneficial for them whether for the present or in the long run.

I suppose there are some influencers out there telling the truth, but they cannot compete against those that are lying, after all when one influencer is giving you common sense advice, like only investing what you can afford to lose, holding your coins and investing in good projects, while those influencers that lie can tell you that if you invest in a shitcoin you will become a millionaire in less than month, who do you think will get more viewers?

The latter will most of the time get more viewers as their words are exactly what people want to hear, and what is even worse is that even when people lose their money by investing in those coins they still keep listening to the same kind of message, as now they hope to recover the money they have lost.

The majority of the projects in the area have turned out to be scams, particularly in cases the moderators just have their own interests in mind. Every day, investors lose money as a result of poor investment due diligence. Not all cryptocurrency influencers are reliable; there are several in the industry who have misread the market and harmed traders' ability to trade. New traders, in particular, concentrate heavily on the information they learn from influencers, however some don't always succeed. You must only have faith in yourself and your trading strategy if you want to succeed in the market.

I am also very pessimistic that the number of peddlers of hype is going to decrease, but not because less real people decide to become influencers and advertise scams, but because of artificial intelligence. I have recently seen a compilation where some people were confronted with AI characters that were built based on some people they followed on Instagram and Youtube. The experiment was that the AI avatar looking like their influencer idol talked some nonsense. Afterwards they were observed whether they spread that nonsense themselves via sharing or starting a discussion about it and they did, without actually verifying with their instagram influencer idol whether that has really been said by him or her. That was interesting. It is unbelievable how lazy people are and how naive to believe things without even putting in the tiniest amount of effort to verify it. There will be bot armies advertising scam coins. The victims will be those who always bought into white papers back in the years when the ICO wave was flooding the crypto space.

We know that the influencers who have a lot of followers are somehow blessed and get income from that career, just like on YouTube, Facebook, and Twitter, including Instagram.

If there are crypto influencers, their only goal is to get views if they are on the youtube platform, even if it makes no sense and they only pretend to know but the truth is that they really know very little, that's how there are people like them. So it is still different for us to start doing "Do your own research".

As crypto gets adopted though, more and more of them are uploading their content. They are also motivated to make money for themselves. The other newbies who just learned how they make money are going to be interested to also do what the influencers do.

I see a lot of new crypto channels actually almost every day in my feed are new channels I have not visited before. If it becomes easier to be one of those influencers because of AI, don't be surprised they will grow in numbers.

Do you think they are a threat to campaigners in bitcointalk?

A good number of cryptocurrency influencers on YouTube are doing a great job, despite shilling shady projects using their platforms, they also pass down relevant news and information to their followers. People who don't know much about crypto will always become victims of these shaddy projects that the YouTubers Share on their channel, which is wrong to the cryptocurrency community. YouTubers like bitboy, last year, on his tiktok once made a prediction of the price of Bitcoin but it didn't happen rather the price of bitcoin dropped. Those who abided to his advise got disappointed and lost money too as they invested immediately after his Bitcoin bullish prediction. When investors fail to research, influencers takes the blame.

To me basically, Bitcoin is an institution and academy that require a lot of knowledge and education in order not to get misled by any influencer or other media personality, what happens to do your research (DYO)? This has been the ultimate drive of many Bitcoin investors.

Without knowledge, it is almost impossible to make any accurate financial decision, and don't depend on any influencers in fact I don't watch any of them. that youtube videos because those making them are getting paid to do so, we can't trust their judgment or follow their advice on Bitcoin since most of them lack the technical knowledge to analyze the market.

Well for this it is like basic science because of course when talking about Influencers it would be very stupid to say they are influencers but can't convince their audience.
In this case, when talking about beginners who enter and with their sweet words, it will clearly benefit them because I personally have been in a position of ignorance and when an invitation whose promises and words are convincing enough, anyone will be tempted there.

Even though what you say is true by saying that there are some good influencers, the comparison is far away because it is clear that the average of them only hopes for personal gain.

I do believe that they fall down hard during this bear run because most of them showed their hand, that's the main reason. During the bull run period they shared stuff with promotion so they made some money but at the end of the day investors mostly made money too, if they failed here and there, they made it back with others and that was their "in", they convinced people that way.

But, during the bear market they kept doing the same thing and the result was much worse, people did not trust them and saw that they just got money from promotions and sold them out. Which is why there are a ton of influencers who are no longer influencers and they became aggressive about it as well and caused a ton of trouble as well.

Nope, we won't be seeing the fall of influencers anytime soon and I think it will continue to exist.  We all know that in human nature, anyone with the same belief flocks together thus influencers take advantage of this.  We might see influencers who are more reasonable and logical to keep on accumulating followers but influencers who just live through non-sense hype will be kicked out of circulation. 


Regardless of the crypto season, influencers will stay not because these people are needed but because of the human nature of grouping of people with the same belief and influencers know and exploit that.

It will be hard in a very long time for crypto influencer to fall because there are lot of inactive and idle individuals who fully depend and are ever ready to dance to the tune of the influencers.
And these influencer having seen the weakness of the the followers has a way of manipulating them. Uneducated crypto's and Bitcoiner's will always be there.
Therefore, in this regard, it will be so difficult for crypto influencers to fall.

I don't think we are going to get rid of influencers anytime soon. People have a constant need of idolizing someone they consider from an above status. In crypto industry it's more evident regards Elon Musk. Everything this guy does creates a new hype on the market. Last time it was a DOGE logo added to Twitter which boosted DOGE's price considerably, although many investors lost money after all, because they entered on hype on the last minute.

While people maintains this kind of behavior, money is going to be lost and influencers are going to have their pockets and egos feeded by a mass of blind idolaters. Not only that, but seems within time influencers' quality is worsening. At least by some decades ago we had some nice talented influencers, celebrities raised by the media, when compared to the nowadays' influencers...

IMHO most of the influencers are concerned on their own income, so those who somehow connect their accounts with crypto are not cryptoprofessionals (there is no even such term actually, since technicians are one side of a crypto-dice, coders are the second, traders are the third, crypto-lawyers are one more and so on, there are many fields within the industry...). Influencers who have blogs with information about crypto usually stay within this topic because it's trendy, their marketing advisors work on creating profitable posts and on raising the overall number of subscribers, since blogging platforms and/or ad placing companies pay some sums. They earn with crypto in this way, just like all the other "sides of a crypto-dice".

One of the biggest problems in the industry is that there is zero liability and no obligation for influencers to do due diligence on the products and services they advertise. As long as they publicly state that its advertisement, that they produce content for a product or service in exchange for a payment, they are good to go. Of course it can't be anything that is illegal per se, but advertising casinos has become a huge thing. I have read an article a while ago about the amounts of money that companies like Stake.com pay to influencers for pushing their brand. It is inconceivable. For just a few posts or repeatedly mentioning the gambling websites, six figures is the absolute minimum. But if they decide to take the advertisement on a Twitch stream (although this is prohibited in some places), you immediately talk about millions of dollars when the follower count is a million or more. But how immoral is that? Many of them built their follower count due to talking as if they had values, were a person that is worth following and bla bla. But when the right offer comes, many of them pull the mask off their face themselves.

I guess that’s the reason why a lot of crypto influencers have risen right now seeing a lot of newbies are now trying to invest in crypto without even making some DYOR or preparation study before they invest. That’s why they can’t blame theirselves if they always lose in crypto because they enter the market the wrong way. And when these newbies start to lose and learn, then there’s another batch of naive newbies who will enter the market again,  thus retaining the demand of those unreliable crypto influencers.

The problem with casino influencers is the ambiguity in their how the sponsorships work. They'll purport to the viewer that there's a sponsorship involved and the bankroll they play with are provided by the casino, and the losses aren't actually realized even if they torch their bankroll. Some portion of crypto "influencers" are just shills that won't even disclose their financial conflict of interest. Not even the sponsored casino content producers will do this. The other division of this space are the moronic celebrities that know nothing about crypto but will gladly take a check from random crypto enterprises and will become their cheerleaders. How can we forget the FTX "influencers" who seemingly had nothing to say when it collapsed?

I don't think there is anything wrong in influencing crypto, the only issue I will have with that is if what they preach is wrong so I won't even think anybody should fall for that because is a stream of income to them.

I guess it’s obvious that crypto influencers only become in demand and profitable when the market is bullish or near to its being bullish, but when the market is bearish, everyone do not care about influencers but focus on their own analysis not to get discouraged about the low price and decide to sell. That’s the reason why crypto influencers become rampant during bullish season, because people will follow them easily unlike when the market is bearish, they find it hard and difficult to convince people to invest.

People wont really care at all because the entire space had been isolated by fear and anxiety and doubt which we dont really mind off on what these influencers would really be saying. Its true that these fellas would really just came out from the hole or would really be that rampant on the time that there would be some bullish sentiment which is something that very common concept or happening around.
We cant really say that this is their downfall but rather these are just normal things since we know that trends could change up upside down which means that
we could neither be that seeing these people or not on a particular market condition.

I don't think we will see the fall of influencers if this is going to happen some investors won't have to accumulate Dogecoin when Elon Musk add the coin logo to Twitter although their influencing power may reduce.

To your own understanding, all the crypto influencers are doing the right thing?
I believe you don't understand that all the crypto influencers are guilty of promoting pump-and-dump crypto just like how most exchanges in 2017 were all guilty of fake trading volume.
The influencer abusing their power is the reason why the US SEC is penalizing some of them lately.

I don't see anything like fall of crypto influencers since many crypto projects still make use of them to promote there tokens so that more investors can come and Invest in it. We need to know what we are doing or else we might end up going for the wrong projects because of the consistent promotion of those projects. I have taken my time to checkout many influencers and see if they can try as much to limit the numbers of promotions they are doing to.limited the possibility of innocent investors being scammed of there hard earned money.

Right, the sponsored gambling on a stream makes it even worse. Nobody even knows whether that session of a streamer is rigged anyway right when he is on stream. You can do a lot of things with software in the background. It really is a mess and I can tell you that young people fall for it. These streams are running up and down on Twitch and then get uploaded to Youtube. Little boys and girls see that stuff. I got already asked from a little boy from my family whether that is a great way to earn money, not joking! Only 10 years of age and he told me that this one Youtube always makes money... It's the plague.

The FTX influencers yes, and some of them are getting sued now I believe. Not sure if I am confusing it but there is a class action going on I beliebe for a billion USD, but it probably won't be successful as has already been stated because the influencers aren't to blame as they are not a part of the company, but only a contractor and hence can't due the due diligence that some people now accuse them of having neglected.

Or the good old John McAfee, even he shilled ICO white paper coins. It's easy business. But honestly when Kim Kardashian starts shilling a coin, everyone buying it must be suffering from zero brain waves.

There are tons of people that are still lazy and would probably rely all the explanation and knowledge from other people rather than do it themselves. We've grown into the age where knowledge is readily available but people will still avoid self-research/study. Influencers will still be there, mainly for the shilling of coins and pumps and dumps. They would be less useful on disseminating actual useful information, but they would be helpful in spreading info on pumps and dumps for sure.

Every time I see an influencer online who is not known in the crypto world, on their first sentence, I laugh at them because they are trying hard. For sure, they are just saying it because they are paid, and also, those comments on their videos were alarming because a lot of people would jump into it, but right now people are mostly aware and those influences are mostly getting bashed, and unlike before, when it was rampant in social media, right now it is only a few of them.

It can be said that many people take it as a livelihood, so I don't think they will break down anytime soon and stop doing it. Moreover, the market always has newcomers every day, and newbies tend to look to others for support, so influencers will always have a way to survive. In my area, influencers are still active on a daily basis, although the hype has died down as we are still in the bear season. But every time the market recovers, bitcoin goes up in price, and they appear more and more, I never see them disappear.

According to a recent study, it has been found that over one-third of influencers on TikTok, a popular social media platform, are sharing videos containing misleading information about Bitcoin and other cryptocurrencies. This alarming trend has raised concerns about the potential impact of misinformation on the general public, especially young and impressionable audiences who frequent TikTok.
Source: https://www.cryptopolitan.com/30-of-crypto-videos-on-tiktok-mislead/

I agree. Not all influencers are like that. Maybe other people consider them as "influencers" but for me, those who really are passionate to give knowledge without taking advantage of using their followers are the real influencers because they can influence others in the space.

Also, other so-called influencers may lose their hype but new ones will emerge so we really can't say that crypto influencers in general will fall. I'm not saying I follow these influencers but there are always people who will.

I think this is what most people see as a problem and one of the reasons for their downfall. Experienced traders are already familiar with how such influence and recommendations work, but beginners are not always aware of this, so they often become victims of such dishonest influencers.

You know in truth there are still other influencers who teach correctly in crypto trading according to my observation, and here in our local there are other influencers who teach a simple tutorial about trading.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.

Yeah, there are decent influencers, but there are not a lot of them. And the saddest thing is that they have fewer followers usually. Anyway, there are more normies and indicated people than hardcore crypto holders and traders, and it's just like almost in any thing.

I have a lot of thank you to send to some crypto Influencers, they are the reasons why I learned to sniff the difference between a project and another, some things don't matter to me before, like how many holders a project has, how many coins are in circulation and especially the market cap of the projects, lol, all I used to care about is the chart but thanks to those videos I watched, many crypto influencers don't know much about crypto and some are doing it for money but not all of them, some have something good you can learn from them.

Well there could still be some. Not a crypto-influencer nor something I am promoting, but back when I was day trading I used to watch Crypto Jack to learn how to trade in Binance back then. Didn't really worked out for me in the end since I was emotionally exhausted.

Again going back, I would still take every crypto influencers words with a grain of salt. I ain't worshipping someone just because s/he has plenty of followers. It's way too much to just take followers as an indicator for the truthfulness.

You might need to take a step back there, mate. It is still better to "sniff" by your own instincts not because someone else told you to do so.

yes they can follow the influencers for their large sum of money with greedy behaviour but they forget about the thing that whenever they will face 2 or 3 losses so they will leave behind the idea of influencers. The person doesn't get experience until he face the thing but once a person faces bad or good outcomes then his final decisions will be the better one.

People can follow the wrong people but not for all the time when they know that the influencers are providing wrong information they will not follow the influencers because wrong people cannot persist longer as we don't know that influencers who gives us information are really trusted person or not so after knowing reality trusting is not easy.

There's also a group of pragmatic traders who follow them i.e. to get early info on what shitcoin can pump soon, or to get a gist of what's the currently dominating mood, You might not like them, but if they have millions of views (probably not anymore though) then they do have an influence on the market and on shaping public's opinion.

ps I love the paradox of the vast majority of people not considering themselves to be "normies".

True. There are a lot of avenues now to learn in bitcoin, it’s just that people are lazy to make their efforts to learn. Instead, they chose to trust crypto influencers and expect quick profits like what these influencers have promised to them. They lose their capital in the end. If newbies will always have stupid mindset like this, and will always be motivated by greed, then it will only increase the number of crypto influencers around. That’s the reason why new investors should never be encourage to come in the market without having good education on what investment they plan to enter. Otherwise, crypto influencers will keep on benefiting from them.

Although to be fair, it is kinda expected that profits are going to happen when an influencer says it. It brings hype and therefore makes people to buy causing the demand to go high and... well you know what's next. Price increase.
People are just overdoing it causing for them to lose money. Just because something happens once does not mean it can happen again. I can still recall the times when Musk was like a hot topic in here. We still got some news from him somehow but the hype is just not there anymore.

In the long-term, it is just not worth it to be honest.

I am starting to think that there are social circles revolving around these like it is mass doing these kinds of pumping.

Yes , you are right. Actually most of the crypto influencer just wants to marketing that crypto currenceis. But they actually donot aware of that, maximum people who are working under them (influncer) they are not know about bitcoin properly. Even some are just hear the name of Bitcoin , but their knowledge is nothing.





I don't think influencers will see a hard time soon. Because , there are a lot of people who are working under a influncer. Most of them are uneducated , but still few of people there.




"PUMP IS COMING" This word is really stupid.





I think there still will be enough stupid people to follow their advice

Crypto influencers have the ability to affect the way of thinking of persons in a specific trading region, motivate the public, and distribute the coins to interests best known to them.  I never placed my trust on influencers; some are trustworthy and legitimate, but the majority are only interested in popularity and generating profits. The easiest method to avoid further losses is to stick to one trading technique and to restrict most crypto influencers online since they might sway traders' mindsets into investing in a project that is a dump or lacks a solid roadmap.

Until now, most of the subscribers, fans and followers of some certain “influencers” that you’ve mentioned are uneducated, misinformed and has lack of understanding as they we’re just too prone of the “hype”.

As they are prone, they just simply go buy this and buy that without questioning at all, not having second opinions, no hesitancy and not doing their own research plus lack of proper risk management.

Some of my contacts until now are still having that mindset. As a result, they stumbled on the same stone not learning their lessons about the losses that they have suffered because of the “financial or investment advice” being made by the so-called “crypto influencers”.

But of course not all of them are like that. There are some who are realistic and more on education rather than hyping their subscribers. I respect them more than those influencers who are saying like “Bitcoin will go 100x next year, bla bla bla, etc.”.

influencers have a motive in every video they make!

they have a goal and that is increased branding on their account!

there are many examples that can be seen where there are many crypto influencers who actually have goals and motives in every video they make, including broadcast time, subscribers and referral links. they are no longer honest with it and everyone who listens should be more critical and careful in believing every sentence they issue.

And after all, these influencers make more people know about Bitcoin and adapted to it.
Honestly, we can't generalize all influencers a bad one because of 1 or two of them who did it wrong. We also have to appreciate some of them who are really helping the community to grow and spread information about crypto. They will not be going to fall but instead, we gonna expect them to grow and multiply because known personalities on social media can be a medium for such things, developers will hire them and promote their projects.

We’re not yet in a full bull market. These scammers, grifters and charlatans only surface during bull markets where they can push shitcoins on gullible noobs and shill their promo codes for exchange signups etc.

Crypto influencers exist to make money and unfortunately there will again be lots of opportunities for them again in the next bull market.

Not only that, I also think that one major factor contributing to the fall of crypto influencers is the increasing regulatory scrutiny of the cryptocurrency industry. Governments around the world have become increasingly concerned about the potential for cryptocurrencies to be used for money laundering and other illegal activities. This has led to the introduction of new regulations that place greater restrictions on crypto exchanges and other related businesses.

the rise of scams and fraudulent activities in the crypto space has also contributed to the fall of crypto influencers. Many of these influencers have been associated with projects or initiatives that turned out tobe fraudulent, leading to a loss of credibility and trust among their followers.

I agree with your thoughts that bitcoin education will have a big impact on how people feel about cryptocurrencies and people's tendency to follow crypto influencers. With the emergence of more and more training programs for bitcoin and cryptocurrencies, people will have a better understanding of how this market works and what opportunities it can provide.
However, I don't think crypto influencers will cease to exist entirely. Even if people have enough knowledge to make their own decisions, they may still seek the opinion of experts in the field. Ultimately, it is important that people use their common sense and not rely solely on the opinions of others, even if they are crypto influencers.

Whether we like it or not cryptocurrency influencers are here to stay. What we would see in the next fews years are well educated and informed influencers or should I call them Bitcoin educators. I call it the rise of the well-rounded crypto influencers.

The rise of these influencers will not make the scam influencers automatically disappear. No, they will still be there but their influence

Why not? It's an easy way to make money, Right? It's freaking easy to be a crypto influencer. You don't have to research before you say something to your audience. You grab news from a news website and cover the same thing without verifying anything. Everyone wants to be a crypto influencer these days. Who wants to miss easy money? You can easily use your followers to earn vast amounts of money. Their followers follow whatever they say, and that's why hackers hack those influencers' Twitter accounts and make posts like Send me 1 Bitcoin, and you will get 2 Bitcoin in an hour. These things worked for hackers multiple times.

People are getting smarter. But, every day, new people come into Bitcoin/Crypto market, and they don't know where to start. The first thing they do is follow those Crypto Influencers on social media and begin to hear what they say. Those influencers' posts are like "Top five coins that will be 100x in next bull run".

Conmen exist as long as there are people who can be conned. They just changed how they call themselves and right now they call themselves "influencers" and time will come when they will fall but they will just call themselves something else. The good thing is there are always people who expose these conmen, scammers, and/or influencers which is evidenced by the numerous exposés by civilians on courts of public opinion like Youtube, or people who were scammed and went to judicial courts to get justice.

And it's not really conducive in Bitcoin discussions to call people who went looking for advice in good faith about crypto "stupid." They already paid for their naivety by being led to fraudulent information about crypto, hopefully, they get smart about the next time.

I believe it is advisable to educate oneself before investing in Bitcoin or any other cryptocurrency. Bitcoin is a complex and rapidly evolving technology that can be difficult to understand for those who are not familiar with it. This is the reason why people often fall for the deception of cryptocurrency influencers, believing a cryptocurrency influencer without doing your own research can have several downsides. The so called Cryptocurrency influencers do not always have your best interests in mind and may promote certain coins or investments that may not be in your best interest. They may also share false or misleading information about the market or specific coins, which could lead to poor investment decisions. The most annoying thing about them is that they never face consequences for their false and misleading information.


When I was still a novice in the crypto world, I was following one of these crypto influencers on Instagram who was always posting some flashy lifestyle. He told me about investing on a platform he recommended and I decided to give it a go since I was trying to double my money. I did the initial investment, I gained some profit and decided to invest BIG to get higher profit but that was where I shot myself in the foot. I wasn’t able to withdraw my money for weeks, I complained to the ‘crypto influencer’, all he told me was to pay more to get my profit out. I couldn’t believe my ears, I knew I wasn’t getting my money back the moment I heard that. Immediately I reported to the police and FBI but they could’t provide any help so I went online in search of how I could withdraw my money from the fraud website. I eventually came across someone who spoke highly of Vaultech Asset Recovery Team stating that they assisted him in recovering some money he lost to a defi company. I spoke to them through thevaultechteam @ yahoo . com, provided every proof of payment I sent to the fraud company and they facilitated the withdrawal of my money which was successfully done. Not everybody has been lucky to get their money back from a situation like that but if you’ve been a victim of lost assets through any means, this team can help you out.

When we say Bitcoin education, the first thing that came to my mind is; What is Bitcoin and what is its function but maybe the topic about influencers and how they affect the coin is only just a bonus when the basic intermediate and advanced lessons are done.

Although any individual can learn on their own because the internet is now everywhere. Having a teacher or a mentor via the training program is still different. It gives them an advantage and the chance for them to find a wrong information is going to be lessened. The only con is, some of them are not totally free. Not all influencers are giving false information so it's not wrong to follow some of them.

"Influencer" is a broad term and I wouldn't put all crypto-related content creators with high number of subscribers/followers into one bag. I'm not going to advertise any channel but there are a few out there that are pretty decent in terms of creating good-value content.
Those who exist only to squeeze out the maximum profit out of their followers, usually have short-life as people tend to turn away from them.

Influencers are also investors and need to earn profits to care for their lives. I agree that it's mainly for the sake of the individual rather than the community, but if we were in their place, we'd be like them. I don't blame those people, but I will say that the fault is largely due to the newbie entrants in the market with bottomless greed, so it is easy to be deceived by others.
You are right, not all influencers are bad, there are still a few still operate by imparting knowledge, but most of these people are not supported by everyone. Because people will prefer to find influencers who share x1000 projects and trading signals than knowledge sharers.

Some people might, but they'll walk away after they get burnt once or twice and realise they are the ones who are being dumped on.
Good content creators have a much higher chance of long-term success, if they're consistent in putting in effort and doing proper research before publishing the content.

If we ask in this thread, probably not many of us here would actually be subscribed to x1000-pump-type channels.

This is what happened. Because basically, influencers like this are just like being salesmen and feeders so that what they invest goes very well.
the problem is, many people really don't understand about conditions like that which seem to say Influence is something profitable even though this is just speculation accompanied by their hope that they will profit.

Regardless of anything they will still be profitable but it is clear that something like this will not go well for those who follow but cannot take advantage of the momentum, especially new people or beginners who don't even know anything about this kind of thing.

We are about to see them grow again unfortunately. I mean maybe not the same people, but the idea of a crypto influencer will revive again, maybe with different people, but it will be out there anyway. When? When the bull comes, when you see people making x5 to x10 returns, when there are coins or tokens that does x100, basically when the huge bull hype comes back again and we break over ATH prices in almost every project. That is when these influencers will get high up there again, maybe new ones but there will be some. As long as people look for a quick way out of this, they will end up with this result without a doubt and there is no way around it, it will just happen and we have to just accept it.

We can, I mean of course there are levels of bad, some are horrible and some are terrible and some of them are just a bit bad, but they are all bad. The reason? Because I haven't seen a single influencer who didn't aim at making money from what they provide, the "influence" they have is their currency and they want to cash that out, no matter how.

Some do that without accepting offers from projects so it looks noble but then they take ads, unrelated ads maybe, but they still do. So the goal of every single influencer is to make money from the "help" they provide, obviously some of them do not even help, and make you lose, those are the worst kind, but even the ones who help a bit do not really provide it for free, which means their goal wasn't helping you to begin with, that's the issue.

Having dipped my toes in the crypto pool, I can confirm that influencers are like the duality of an anti-hero – charming yet mischievous. They boost awareness and schooling on Bitcoin and its brethren, vital for tech growth and widespread love. However, remember, influencers aren't always legen-wait for it-dary! Social media stardom doesn't make them crypto-sages.

To tag all influencers as "naughty" is far from a done deal. Sure, many chase the green, but there are those with noble intentions, guiding folks through the crypto jungle. It's about acing the blend of knowledge drops and some sweet self-promotion. So, as we eyeball influencers with a dash of doubt, let's also salute their positive vibes in the crypto circle. And perhaps, one day, we'll be raising our glasses to that one influencer who uncovers the next big crypto treasure!

That’s an interesting point of view and conclusion OP. Moreover, it is regrettable how some crypto influencers have the ability to control traders by spreading fake predictions and information, they specifically target the greedy beginners who have lack of knowledge and education. Fortunately, the majority of this category don’t have a huge capital and it means they have no capability to influence the prices especially the ones with large market cap values such as, Bitcoin and Ethereum. In my opinion, the more crypto users gain knowledge and experience, the more influencers lose their influence and control.

If people will never learn from other people’s losses, then they will never continue to trust crypto influencers and consistently falling in their traps. When in fact crypto influencers do not make money for us but for their own selves, so they won’t care to stop unless they are still benefiting and profiting from us. But if we always bear in mind to educate our own selves before investing, I guess we won’t rely from crypto influencers anymore, that might be the start of their failure.

Exactly, if they personally do not want to make their self to believe in these things, they kept on believing in these influencers regardless of how other people experience it. It is sad that some people really put hope on this crypto influencers that they can help you earn more, but in reality they are just using to make them benefit something. Indeed, as long as people are relying on these influencers, their end is inevitable. And the truth is we cant push everyone to think before believing in these because they may have small knowledge about it and might have the ego that they really push that these influencers are right.

It's hard to remind them if they already trust the influencer they like.
In fact, some influencers are just trying to get their money to buy the suggested project so that the influencer can get more profit and the promotion is successful.

Putting hope in influencers and taking financial advice from them is a risk.
We don't know where the market is going because we don't have the knowledge to analyze it.

Don't assume all influencers will give good advice, they are also looking for profit and don't think about others.
Being more careful in choosing who to follow is a must.

The market is always filled with newbies and ignorant people with greed. So influencers will never lose their influence. For me, the fault is not entirely from the influencers, partly from the newbies, ignorant but always greedy people. If people realize that nothing is easy and that earning money requires knowledge, no one will be able to trick them.

The main function of influencers in crypto is to encourage people to start, and, if possible, to teach some basics. This is actually the same in all the fields: social media influencers are just encouragers and providers of basic knowledge. For further business in crypto, most of their advices are not the best way to succeed, because their advices are either based on personal experience, and therefore not suitable for people with different background, or just ads, which are made in order to get some money from an advertiser.

The Cryptocurrency influencers do not always have your best interests in mind and may promote certain coins or investments that may not be in your best interest. Even though if people have enough knowledge to make their own decisions, they may still seek the opinion of experts in the field. Ultimately, it is important that people use their common sense and not rely solely on the opinions of others, even if they are crypto influencers. The main function of influencers in crypto is to encourage people to start or teach people some basic knowledge.

I am in Bitcoin since 2011 and I don't get what is so stupid about "PUMP IS COMING" posts? Please enlighten me! I feel like I'm not Bitcoin educated enough. Maybe you could as well tell us what your Bitcoin journey was and for how long you're in Bitcoin?  :P

Cryptocurrency influencers can provide useful information and raise awareness about the potential of cryptocurrencies, but consumers should always critically review the information they receive and not make investment decisions based solely on the opinions of others.

In my perspective, influencers who do post such things have their profit interest probably because they have a position and they want to hype people in order to create a demand which would generate profit for their position. Or the idea that they are just making a guess and if their guess is right, their popularity would be larger; price would either go up or down making the guess less likely to not be wrong. Bottomline is, they would get something from doing so. Especially if they are promoting a particular crypto project, ofcourse they would be biased for it. They are not wrong from doing so, they are just making their way to gain profit. It is their audiences who needs to adjust and avoid being too dependent with their idols' contents.

No need to expose those influencers, because if you are responsible enough, you will never trust crypto influencers more than your own knowledgeable mind. That’s the reason why we have to DYOR all the time, not only at the start or at the end but certainly all the time as learning should never be limited. If this will be the mindset for all crypto beginners, either traders or investors, then crypto influencers will never make money from them and eventually quit from what they are used to do.

Oh man, I sure as shit wish that the fall of 99% of these bitcoin or crypto "influencers" would happen and happen much sooner than later.  I am by no means a bitcoin expert. I am very far from it and have been the firs to admit that since I found bitcoin back in 2013/14...but I swear I hear these so called "experts" with shits tons of followers, I mean hundreds of thousands of followers, say some of the most ridiculous shit left and right and over and over...and yet people still follow and listen.

People are inherently stupid, and I don't see that changing anytime soon..so no, I don't think we've seen the end of these "influencers".  ( Thank god Andreas is back!)

Most of these influencers are not really grounded when it comes to crypto that's why they say shits offpoint. But they can only fool those followers who are not grounded too, they can't fool someone who as a knowledge of crypto to a certain level, I predicted this would happen but don't be surprised if some followers still follower them after all this, people don't just have what it takes and they are not willing to learn either.

I agree with you....but it looks like there still gonna be people that will belive them. Like other people already said in this post, it's way easier to rely on other people to make investment decisions for them.
But I hope you are right and these people will lose trust of even the stupidest people on twitter soon.

Saying they are experts just because they are based on the number of followers they have is like admitting that they only have something standard to give to their followers :D
Regardless of anything I think when talking about influencers are experts it doesn't make sense. not that i feel i am smarter in this but regardless they (Influencers) only do anything to enrich themselves and nothing else than that.

But even so when we talk about influencers I think their downfall is still not going to be doable regardless of anything there are still a lot of naive people or newbies who always follow people like this.

That's the thing...we can't simply rid of these influencers because developers will still hire them and make of their popularity to gain attention.
People will still believe especially those who are thinking about ways to become rich instantly, greedy people will tend to follow them and fall into their traps. They will never realize until such time comes that they lose $$$. Too sad but can't hide the reality because even if we spread awareness, they'll just ignore it.

Unfortunately, you are probably right. But still, if their influencers will lose their popularity, no one will pay them to promote their projects + there gonna be fewer people who will see this promotion and buy some new shitcoin.

Overal, I think this might happen at some point because people are getting more and more educated about bitcoin. Even I, when I only started buying crypto, was watching videos of people who said that doge will go to the 3$ in to days lol. But the more I learned, the more I saw that it's all just BS.

As people gain knowledge, influencers lose their traction, but to say they will completely disappear from the market, I don't think so. As long as newbies enter the market every day and investors remain greedy and want to get rich quickly with shitcoins, the influencers will never stop. And saying shitcoins will disappear from the market is unlikely, even as bitcoin becomes more popular. So far, many people have understood bitcoin very well but still choose to invest in shitcoin because they are willing to take risks to earn higher rewards.

You're right, crypto influencers live only at the expense of stupid/lazy people and bots. I think they have already started to lose their influence, as more and more people start using their brains.

But the world is still full of stupid people, so the influencers will stay with us for a long time.

I feel like this too. If you'll check Twitter now, you'll see that there are fewer people who engage with their content. Hopefully, guys will lose their scammy job soon.

True, most engagements below their posts are from bots. Just bots shilling memecoins and other shit and 20% or so are the real people talking.

It's going to a cycle though, as beginners who follow crypto influencers and then learn that they have nothing to offer but spewing things that they might not even understand in the first place. And so those become experience traders and influencers and move on to become good at crypto themselves because they did their own research.

But then again, a new set of newbies comes in the market specially that we are just a year before the halving. And then this influencer ramp up their shilling on whatever platform they got and this noobs listen, so it's just rinse and repeat for them.

It is way too easy to become a "crypto influencer". What they do to become famous is very easy and has been documented many times already. First, the rent out a lamborghini, then they rent out many expensives things, clothes, a large house, and so on... All that is left is to make a video with beautiful women and tell everyone how they made an amazing amount of money in a very short amount of time with nothing but crypto. And they are more than happy to let you in on the secret, for a fee.

It does trick the desperate and the greedy people but anyone with half a brain can see through their scam.

That is why I avoid following EVERY and ANY influencer. Its all fake and scripted.

Yeeees, it's all for the show and it's crazy. There are a lot of stories about how some of these crypto influencers went bankrupt because of the crypto winter.

But still, it can't go like this forever. Considering that people are more crypto-educated now and most of their engagement is bots, they will probably get less money from the advertisement of some new shitcoin.
Overall, I see good signs of people getting smarter. Nowadays most people tend to ignore BS and we have a lot of new users on Bitcoin talk. So I think it shows that people WANT to get educated.

I would say most of these influencers have fake followers that just bump the numbers up, others could be the curious ones that want to hear whats going on in the world of crypto...but then again I thought these so called crypto influencers died a long time ago when ICOs become  obsolete..??

In the world of marketing they say good or bad publicity is better than no publicity at all, so I guess influencers still have a role to play in crypto education department afaik.

Agreed, for now they have their shine to prey on the lazy/illiterate but with more education  and the alike there will be nothing  to feed on and they will have to move on..

Many influencers have suffered huge losses in undergoing investment and for me this is reasonable because it is involved in investment that uses money, but following the influencer pattern in undergoing trading is a big mistake. Separate analysis is needed in undergoing investment and we must have awareness in learning basic things that are indispensable, so that it does not fully depend on the suggestions or strategies given by influencers.

Investment responsibility becomes an obligation for ourselves, bitcoin education and trading methods must be learned correctly, so that when something happens outside of expectations you will not experience panic. Many people make mistakes at the beginning and do not try to improve so in the end saying Bitcoin Scam and others, even though the pattern carried out by him is wrong.

I think that is true but the amount of newbies that is getting it will get slower, plus at least we get rid of old influencers and new ones take time to get the same influence so it gets better on that front as well. Between less newbies (because majority of the world already knows about it, not because we do not have too many people) and then old influencers going away (because they are proven to be shady and scammers who only promote for money) we end up with a lot less.

I agree that there is the cycle you talk about, but that cycle will get smaller and smaller over time. Maybe that won't happen in a single day, but it will happen over course of a long period of time and that will end up with a good result for people in 10-20 years.

I agree. We already see that even newbies are using different channels of information to learn about bitcoin. And it's also great to see influencers that delete their twitter accounts after all the BS they were saying turned out to be fake. Pomp is a great example. I don't know what's up with him now, but when FTX fell down he deleted everything crypto-related from his twitter profile.