Who would actually believe celebs promoting crypto?

[HeroicZ1]

For a long time products and services has employed celebrities to promote there brand and this strategy has been paying off.
 Cryptocurrency being promoted by the right celebrity with the right idea can improve the popularity of cryptocurrency

If it's a big name doing the promoting, I'm pretty sure the majority would buy it.

[Blockfolioz]

This won't work out with cryptocurrency, because celebrities wish to be on the safer side. With cryptocurrency they're not much aware and few exceptions were there. If they promote some project and if the same gets as a scam it'll spoil their work life. Better is to have the words of persons like McAfee who don't care for criticisms.

[drumamat]

For a long time products and services has employed celebrities to promote there brand and this strategy has been paying off.
 Cryptocurrency being promoted by the right celebrity with the right idea can improve the popularity of cryptocurrency

Yes, this is a good advertisement, but only if it is an advertisement of a highly liquid and promising cryptocurrency and not a Scam token.In this case, the interest in cryptocurrencies will be less and not more.

[Mr.Ease]

Well, I definitely wouldn't trust these guys because they were being paid to shill...

But, I wrote an article about these guys, and Mcafee, and how I just don't trust a word they are saying when it relates to crypto.

Sure mayweather can box... but he's kinda been knocked in the head a few too many times... 

[waitforme]

All investors will believe this when any famous people support investment in the ICO project, and investors begin to enforce that before investing large sums of money. I think that no investor will ignore a piece of pastry made from a famous bakery.

[jojohamasa]

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.

So I think crypto at this point needs to be supported by the enterprises and bodies
Even though the support is limited but it is more reliable
It will have a positive impact in the future.

[Glorious04]

I happened to see one Ann thread of a Russian ICO, project of a Russian celebrity. I didnt hear about the project anymore but during that time, the project was so noisy and talked about by many since it belonged to a well known celebrity. I was just not sure if there were genuine supporters and investors just because of the celebrity.

[Best Dreams]

Money is the reason why they accept to promote altcoins. They have a little bit knowledge about what is cryptocurrency is but I don't think if they are really interested in it. They are using Celebrity for hype, like Stox did.

I have seen allot of celebrities promoting bitcoin and crypt currency because they are having good benefits from it if they will not support it, even then it don’t any bad effect on value of crypto currency but it is good for crypto currency promotion and its value as well as price because still there are so many people in the world who admires different celebrities and they try to adopt all those things which are being use by celebrities.

[Mometaskers]

I might listen if the celeb have already been known for engaging in the technology sector, say someone who has invested in certain tech startups before. I might think that he/she knows what he is going into, invested and now promoting it. But seriously, Mayweather?

[XCANA]

For a long time products and services has employed celebrities to promote there brand and this strategy has been paying off.
 Cryptocurrency being promoted by the right celebrity with the right idea can improve the popularity of cryptocurrency

If it's a big name doing the promoting, I'm pretty sure the majority would buy it.

Though having the celebrities to promote coins will sell based on their fans who will be interested to buy into the promotion, but the real picture of the product will be the most concerned. Many celebrities are always after financial gains and fame and for them to promote a legitimate product in crypto-space will be rare in my own view.

[wxa7115]

For a long time products and services has employed celebrities to promote there brand and this strategy has been paying off.
 Cryptocurrency being promoted by the right celebrity with the right idea can improve the popularity of cryptocurrency

There were in the past icos that used that tactic with some success but to me that seems a cheap tactic, let people to decide what it is the best coin based on the the actual performance of the coin, the developers and how fast they can reach their goals instead of using the tactic of hiring a celebrity to promote your product, this is especially true because many of those celebrities are not really going to understand what they are promoting and could easily get in trouble with the authorities if they promoted a scam.

And that will be terrible for them since the thing they care more than anything is their public image and it will be tarnished if they promoted a scam.

[EriksonPartners]

Crypto is still developing and still transforming and that is the reason why celebrities and influencers get often approached by different companies to promote and advertise crypto-based projects. When talking about influencers in general , 90% of the time they don’t use or know anything about the product they advertise, they’re in it just for the money. 
I hope the situation improves with the improvement of the crypto, market and its users.

[bitbunnny]

Maybe in some range celebs could promote cryptocurrencies but this is not substantial. First of all they use any kind of promotion to promote themselves in the first place and beside that cryptocurrencies users are mainly not kind of population who would be intereseted too much what celebs have to say.
Cryptocurrencies need promotion, that is true, because that is still rather new technology but I don't think celebs are the right persons for that.

[bhabygrim]

They have tons of followers and supporters ,
Maybe they could use it to boost the project,
The only problem is what are they promoting is it a food one or it could be a scam that they didn't even know.

[asus09]

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.

We all know that this is a developer strategy to attract sympathy, especially for new investors, and in fact it is a joke. because celebs don't know about crypto or bitcoin.
so this is where you have to use your experience and knowledge even more in every investment speculation

[Ahsan Aly]

I heard a news that Akon (singer) will be launch his currency. According to some sources i found an article but still not any progress or further updates. Some people are quite interested to spread these kind of news and they get views, claps, and followers. And everyone knows that celebrities have their own business and they are not taking interest in these kind of risky business.

According to some authenticated Sources

For further details read here :

https://tribune.com.pk/story/1739901/8-akon-reveals-name-cryptocurrency/

https://www.investopedia.com/news/singer-akon-launch-cryptocurrency-akoin/

[denzkilim]

Maybe in some range celebs could promote cryptocurrencies but this is not substantial. First of all they use any kind of promotion to promote themselves in the first place and beside that cryptocurrencies users are mainly not kind of population who would be intereseted too much what celebs have to say.
Cryptocurrencies need promotion, that is true, because that is still rather new technology but I don't think celebs are the right persons for that.

LOL that's correct and Crypto Currency users do not watch Television often or not watching television at all, I guess celebrities have a small amount of impact when it comes to promoting an ICO or an STO. I don't think that Crypto Currency needs more promotion because it will only create a FOMO effect just like what happened back in the year 2017 when the hype is extremely done and a lot of people got affected by FOMO and entered the Crypto investing world without knowing how risky this industry is. This is just based on my own opinion and point of view.

[denzkilim]

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 think some people filed legal cases against those two personalities that you mentioned and they already paid some fine for the shilling that they have made with some kind of scam project if I'm correct. Well, no one actually knows if a project will succeed or not even if the most famous celebrities will promote it if there are no investors of that certain crypto related project it will still fail unless there is some kind of manipulation that will be going to happen, lol.

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.

Correct, even a person with high intellect sometimes get caught and taken the bait of scammers when it comes to money returns for their investment, even if the ROI is so fascinating and unbelievable they will still believe because there is money involved and they are too greedy.

[shesheboy]

I might listen if the celeb have already been known for engaging in the technology sector,

They were only hired to promote a crypto .  it does not mean that they are using a crypto before or today  .

say someone who has invested in certain tech startups before. I might think that he/she knows what he is going into, invested and now promoting it. But seriously, Mayweather?

They dont really care on what they are dealing with as long as it is legal . they will promote the product even if they dont ever use it before because they are bieng paid   . may weather is a famous boxer , so its also normal for him to become an advertiser/promoter   but we dont know if he is also investing on crypto in real life .

[1BTC EQUALS 1CAR]

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.

Celebs are certainly bad for ICOs in my opinion. They can only be helpful if the coins are already established like Eth or Xrp. I'm very sure that in the future when mainstream adoption of cryptocurrencies has happened, a lot of celebrities, models or hollywood actors will shill their own tokens in the ads.