Do you trust celebrities endorsing cryptocurrencies?

[smugsorry]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

[1715264665]

1715264665

[1715264665]

1715264665

[1715264665]

1715264665

[Gogochen]

Most of the time I don't want to hear what these celebrities say, because most of the time they say things that affect the whole market too much.
So that's not a good thing.

[dollurs]

I think that's a trick of the crypto company to promote their coins. If they tell the things having a good understand then we have something to think. But if they tell the things without understanding the market and just for promoting the crypto then we don't need to listen to them.

[Yudhisthir]

It's an advertisement.
The celebrities gets paid to endorse and that does not reflect the personal involvement of them in the project.
Though you can deduct that any Cryptocurrency capable of paying celebrities to endorse are either a big project or a huge scam.
Smaller scams and smaller projects can't afford it.

[shinratensei_]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

They are getting paid to promote, i don't even believe with john mcafee when he was shilling for altcoin because he was getting paid up to $100k for each altcoin that used him to promote.
Remember myweather and how centra have already become a scam and all of the asset has been seized by US securities. It can be trusted.

[MariaSerebrennikova]

It seems to me that this is just advertising and thus you can influence the market, but still different media personalities carry bitcoin to the masses!

[RichardBTC]

Depending on which celebrities but i think majority of them would just be in for the shilling of the coin and then getting paid for it and then moving onto the next shill. I think this can damage the market worse than what we think it can do for the market.

[xianbits]

Since they are just given a line what to say or a scene to act in endorsing a certain coin, basically, they don't have the full knowledge of what they are doing. Not unless I know them that they are also inclined to finance or this industry, that's the time I will give some of my trust.

[nur rochid]

i think the use of celebrities in a cryptocurrency is limited to promoting it, so it's just a job as a celebrity, not a full favor of a coin. this is a dev strategy to smoothen its sales

[kumiskura]

lol trusting somebody ? not a chance!
do you know someone called 'DJ Khaled' ? he can be considered as a celebrity too and he's promoting a project called 'CTR' a months ago.
but right now ? that project is gone because their founders have been arrested.
read it here : https://ripplenews.tech/2018/04/03/founders-centra-ctr-arrested-fake-ico-grossed-32-million/

so if you want to invest do not look/ask for someone else but do your own research,people are doing it for money so it's not surprising to see those thing,right ?
be smart bro

[smugsorry]

Great read. Everything is insightful. Most of the time when I see a celebrity with a company doing an ICO, I kinda look away from it.

Good advice, research is still the best way to understand the company and to be safe(just my opinion).

By the way, what happened to Ashton Kutcher's $4 M worth of Ripple donation to Ellen DeGeneres? What can you guys say about that?

[caisa88]

It's not an important factor for me, this is just the way that ICO chose to promote itself, by paying celebrities. Most likely those celebrities don't really care about that specific Ico, they just endorse it in order to get paid a huge amount of money.

[frowsiter]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

Why not, if they are endorsing it in positive ways then it will create positive sphere around the crypto geeks and thus it will be more or less good thing for the economy of crypto. If people are not in the positive sphere then how they will get motivated to invest their own money into the crypto's?

Many times when a fan see's their celebrity making investment into the crypto currencies then surely they follow their path in the want of profits and also this increases the trust factor for that specific project or coins. As whole bitcoin always gets benefited with this one.

[PsylockReborn]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

It really depends on who is the celebrity that will endorse a certain crypto. Most of the time, those celebrities endorsing really didn't care about the project. They are just paid to do such promotion. If ever those celebrity will invest millions in the said project that he endorses then he will have my respect and trust. This is more on a personal opinion though and I think this will bring both advantages and disadvantages depending on the personality of the celebrity endorsing it.

[haryatiposton01]

celebrities who support cryptocurrency as well as celebrities who star in food products are almost the same, they are just as bait to influence consumers to choose their products, celebrities are just ad stars and they are paid to do that, but I like companies or ICOs that innovate like this.

[karramov]

Not all celebrities understand what they say. Many do it for money. but there are those who have a point of vision and interest in this area

[batang_bitcoin]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

I guess you are watching the summit of Kim Jong Un and Donald Trump on Singapore and you caught the attention of Dennis Rodman wearing a t-shirt "potcoin".

I remember that there's a celebrity that endorsed an ICO but it turned out to be a scam, if I'm correct that is Floyd Mayweather. Endorsement coming from a celebrity is going to make the project/coin on hype but don't trust that way easily.

[yanto@1977]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

They get pay to promote cryptocurrencies and most of them not use crypto for their activity. Using currency ( financial legal instrument ) more safe for them and invest in stock/ real estate/ automotive become their choice. Never trust it but you should see the product clearly. Do that because that's the right one.

[iconoclast]

I want to hear other people's opinion if you would trust celebrities endorsing cryptocurrencies.

No, not at all. Celebrities only endorse things that they have a financial incentive to endorse. The same goes for many of the people that hold themselves out as ICO advisors. Many of them will endorse anything if you give them some free coins. You should always remember that everyone has their own agenda and their agenda may not benefit you.

[Herbert2020]

you should never trust or rely on what other people say, no matter who they are. whenever someone is endorsing (but who are we kidding they are advertising it) something they are always biased and all the time they are thinking about their own benefits not yours. not to mention that most of these so called "celebrities" have no idea what they are talking about. they just advertise possibly because they are getting paid or have a big stake in that shitcoin.