Do you trust celebrities endorsing cryptocurrencies?

[mrkavasaki]

Well still they have been paid to do such that thing, celebrity thinks about the money not the project because they have been paid a lot for sure, so it's better to do research rather than believing celebrity words, they not guarantee you to get great gain from that project, they only do to get more investor

That's right, most of them receive money to advertise projects, and investors see it as a belief that they trust to invest their money in such a project. Because they think celebrities will not because of little money that advertises for scam projects

have u ever heard centra token? its be scamm although its projects endorse celebrities too.there is no guarantee projects will not be scamm.they used to attract new investors.

I know that the project, celebrities promoting the project has been condemned a lot from centra investors. They have also admitted to receiving a large amount of money only through a few tweets or status on facebook or instagram

[1714947958]

1714947958

[1714947958]

1714947958

[1714947958]

1714947958

[1714947958]

1714947958

[1714947958]

1714947958

[Ifychuks]

If celebrities all over the world can adopt cryptocurrencies,  that will a plus. This will attract massive adoption of cryptocurrency and bring increase in value.

[rbauer85]

Do you trust celebrities endorsing cryptocurrencies? That's a good question. When people do not know about the cryptocurrency market, some people have shown this to the market. I can only trust people who are experts on the cryptocurrency market. Being flourish without knowledge is not enough to trade.

[Perfect35]

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

It is not that I trust them, but their endorsement sometimes can help to promote the project.
Personally, i do not just go for a project, because a celebrity is endorsing it.
I am after the development of the project itself.
A project that is built on hype alone will not last long, but a project with good product has the tendency to last longer.

[defyance]

I've never seen any celebrity promoting good ICO. From what I know celebrities are payed shillers and most of their ICOs turn out scam. Don't trust celebrities in either way!

[pilosopotasyo]

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

No, they are being paid to do that, I will first look at the roadmap and the team behind it and will also check if the celebrity that is endorsing it is a cryptocurrency user and if it is not then I will concentrate on the project itself and forget the celebrities that endorse it.

[zhengqi]

No, I wouldn't trust them. I trust only those celebrities who have an idea about blockchain technology and who understand what they are talking about. Everything else is just empty statements that are of no use.

[plr]

Everyone here agrees that it will not work, it used to work in the past but not now, this is the reason that there are no celebrities endorsing any cryptocurrency related project or any token that is attributed to one personality, because it will not work.

[akram143]

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

No, they are being paid to do that, I will first look at the roadmap and the team behind it and will also check if the celebrity that is endorsing it is a cryptocurrency user and if it is not then I will concentrate on the project itself and forget the celebrities that endorse it.

everyone wants to be richest person and so if the celebrities will also think like that it is not their problem anyone be a cryptocurrency uses it not required a celebrity status so I think celebrities are also using cryptocurrency field for their development.

[benjamin11]

No, not really. Its an endorsement or an advertising so you don't believed everything they say because they are only after the sales or profit of the project they are endorsing. Also, most of them are not actually familiar with cryptocurrency so you can't expect them to be a reliable source, unless they are into crypto before the endorsement or they have the knowledge and skills about crypto.

[deodivine1]

Please don't be deceived, most celebs who endorse crypto projects are paid for that. Do not buy into a project just because a celebrity endorsed it. Look deeply at the team, product or MVP, project backings, Token economics before you key in.  Sometimes some scam projects do fake videos or lie about celebs endorsing their project in a bit to cause FOMO and scam the masses.

[Alucard2425]

May be if know the project I will trust their endorsement, In trusting a project you need to look deeper but I think celebrities  will not destroy their reputations in endorsing a bad project So for me I would trust their endorsement 

[susila_bai]

May be if know the project I will trust their endorsement, In trusting a project you need to look deeper but I think celebrities  will not destroy their reputations in endorsing a bad project So for me I would trust their endorsement 

What you are telling is wrong, Celebrities only care about money they will get to promote the project, recently so many celebrities were caught when they promoted the scam projects. So i think seeing only celebrities involvement will not give profit, project should also be deeply checked.

[canman]

May be if know the project I will trust their endorsement, In trusting a project you need to look deeper but I think celebrities  will not destroy their reputations in endorsing a bad project So for me I would trust their endorsement 

What you are telling is wrong, Celebrities only care about money they will get to promote the project, recently so many celebrities were caught when they promoted the scam projects. So i think seeing only celebrities involvement will not give profit, project should also be deeply checked.

It is best to check those projects yourself. If it is really good, the community will be the one to judge it. I believe that using celebrities to promote is very stupid and investors will be the bait for those scammers so consider and make the right choices for each project

[Levyathan]

Nope, they are just wanted to sell their names to us, the cryptocurrency traders to buy the coin which ever be endorsed by the celebrities.

[NaXxow]

there are lots of celebrities trying to involve in crypto. the hype and the publicity is actually good for most of time, like in Ellen's show, XRP has gained lots of support way back then.

[goodday886]

i don't believe it. many celebrities are used to speculate. before investing in coins, i will study the coin itself. i don't care if celebrities support it.

[Favouredhart]

I don't trust celebrities endorsing cryptocurrency, what i do is make my own findings, like what the product of the project would be used for, the activeness of their social platforms, the team backing up the project. Once i am satisfied, i can buy the coin.

[Yunodo]

I don't trust celebrities endorsing cryptocurrency, what i do is make my own findings, like what the product of the project would be used for, the activeness of their social platforms, the team backing up the project. Once i am satisfied, i can buy the coin.

That's a sensible approach.

Generally speaking, it depends on two factors I guess to determine whether celebrity's opinion is a useful proxy for determining if crypto is good

1. Whether a celebrity it well-versed and educated in crypto
2. Have they been involved in previous scams

The absence of two can be a useful proxy to further investigating the project

[Evushko]

Here at least trust, though not trust, and everything will be as it will be and nowhere will we get away from it! Hope is necessary only for yourself!