Who would actually believe celebs promoting crypto?

[efffgin]

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

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[LFC_Bitcoin]

There are lots of dumb people around buddy, never underestimate how stupid the average person can be when ‘promised’ riches.

If something seems top good to be true, it usually is.

[Emily_Davis]

You'd be surprised how many innocent people who worship their idols like a God will believe and hang on to their every word. Even though they are basically lying to their faces, like DJ Khalid and Mayweather, fans will/might still believe them because "they said it". Especially if you are unaware of cryptocurrency and how it really works, if you see your idol "endorse" it, chances are you will believe them.

[Dudeperfect]

Well, crypto is still in the transforming phase and we are not yet matured that enough to have that self-sustaining financial ecosystem. This is the reason why big whales and institutional investors can easily manipulate the market even without a high amount of capital. This is the reason why influencers are getting handsome amount of commission to promote crypto-based projects. However, this situation will definitely improve over the period of time along with the improvement in the mass maturity of the users.

[Tnt1971]

Yes I always believe in cryptocurrency will comeback and market will arise soon near starting point of year 2019 . expert always assure that Bitcoin and Ethereum market will recover.

[greeklogos]

I heard of a story about 50 Cents and his profit hiding in crypto, but I would not call it as promotion.
I also know about a local reality show star which created her own crypto, but I am not interested in this shit at all.

[ppadilllla]

They have a lot of connections and many will be curious on what will they say. Their only fault is not thoroughly searching on where they will invest.

[mu_enrico]

Actually, popular people can influence people more than you think. There are many examples of them winning elections. Remember Arnold Schwarzenegger and Donald Trump?

Of course, smart guys wouldn't fall for their lies, but the majority of people is stupid. So, educate them!

[Screamshot]

Sure I would believe celebrities or any individual that's promoting cryptocurrency if they can be able convey a strong reason with fact on why I should believe in cryptocurrency

[Belec]

It depends what celebrity is promting the crypto curenccy,the celeb has to prove that he used thecrypto currency for his fans to believe him or  for me to believe.So i think believe the ones who showed that they used the crypto currency and that they like it,but there are a lot of celebs that whant to get payed to do a crypto currency ad.

[maianh09]

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

The influence from the image of the celebrities makes everything more prominent. There are many great projects supported by influential people in the world that help the project to attract and complete hard caps quickly. But the profit that the project brings depends on the development team of that project.

[PeRo]

There are all kinds of people on the planet, some adopt stuff on their own or by the recommendation of someone intelligent and who has any influence. But sadly, there are more people who would adopt something which is a trend or recommended by some celebrity. Luckily, the same people are too dumb to adopt cryptocurrencies.

[mohammedmattar]

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

I call it irresponsibility
The celebrities are supposed to be more cautious
Because they reflect the image of the field of crypto as a whole.
 

[jhache]

Of course, it's the same as if you drink Pepsi or Coca-Cola because Messi or Ronaldo promote it, if I take one or the other is because I like its flavor, not because someone is advertising/promoting them, maybe your favorite artist is in an ICO, can call your attention and thus you make the effort to investigate a little more, but nothing else, it is always better to do our own research.

[wewe123]

Yes that is true , I believe there are actually many celebrities that are promoting crypto currency, even if they are not been payed to promote crypyocurrency , but the celebrity themselves are joining the cryptocurrency activities, also for there interest in acquiring bitcoin and other altcoin , just like also naking investments.

[dothebeats]

Remember bitconnect? The founder of the said coin was nothing but just a con-man dressed in suits, and a lot of people actually believe what he's saying, resulting into a lot of tears and torn wallets along the way. It is within the nature of people that when they're promised riches, they'll believe anything that anyone says, no matter how uneducated or clueless the person is. Celebs, too, knowing that they have a fanbase that will believe anything they say as long as it comes from the mouths of their idols. Having said that, it's not rare to see people believing in celebrities to make financial decisions, and crypto isn't an exception to that.

[livingfree]

An icon would always be an icon and a fan, would always be their fan.

Sad reality that many are relying to their words and anything that they advertise. They look up to these people and takes anything they say, seriously.

Remember bitconnect? The founder of the said coin was nothing but just a con-man dressed in suits

Hey hey hey..... waza waza waza up!!

[minairia3]

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

Because they could have a blind followers turned noob investors that some real traders might eat alive in the market. They also try to make them to market in the end user that might actually learn to use the projects product or service.

[fianaindriati]

DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.

sometimes we don't know what the scam project is and how. because sometimes the rules for the game have been fulfilled. so it's also difficult to distinguish between good and not projects. moreover sometimes there is celebrity interference that falls in crypto.

[CryptoToxicAvenger]

Celebrities are the last people you listen to. They can only say what is beneficial to someone for what they were paid. Do not take seriously their words.