Mouth work wonders in crypto

[TheGreatPython]

When i mean mouth work wonders in the crypto space, i mean we have selected few crypto leaders, or ceos whose word are held in high regard and can definitely push up the price of certain altcoins if mentioned.

It also applies to project that can be bullish with their words and products, it generates a natural hype that can push up prices of any altcoins in the crypto sphere.

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

Lol you’re funny, I’m surprised that someone still think this happens this time around. If that was possible and still happening, I guess one influencer will just invest in an altcoin and come out any day to say something about the altcoin and cause the price to pump. Sorry that doesn’t happen again, I don’t even know if that ever happened, I don’t believe that.

Since 2018 after the last bull run, I have seen a lot of influencers that kept making speculations about coins like Ethereum and Bitcoin, I was expecting the price to go up since they have said something about it, instead the price kept falling and even crashed hands down.

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[safem]

I  agree with you that when some of the big people in crypto speak about the happenings around crypto it usually trigger most of the crypto enthusiasts to keep having courage of continuity. However, the case may not be the same for now owing to the rate at which things are going down gradually with crypto. A lot of crypto investors are getting worried and afraid of how the market is continuously being dragged down of which the time of rising can not be predicted by anyone. Hence,it is not only about saying it with mouth again but seeing the result is what people are all after.

[Goodvalony]

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Sorry to say i don;t believe this. what the op said is still effective. people Like C.Z still has a huge contribution on how the crypto market moves. some people control the whales in the market that their hype on some certain project changes the market positively.
One of the rules for crypto traders is to follow the news but don't trade the news.

[Goodvalony]

this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

[Teawhalee]

Up till now it does and will continue to do so but it's not like it does before. People are now aware of how things are done and more skeptical for things from an untrusted source or else you get dumped on.

[Ifemini]

this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

I don't know much about the forex.
But in crypto currency as long as you build trust amongst your community. and you can make basic hypes.
then your project is going places.

[xZork]

Gone are those days where some well known person will talk about a coin or even advice people to hold and the price will shot for the sky, this things to work anymore in crypto space today, the last time I witnessed such was in 2018

Investors are becoming more and more wiser, investing based on their insights and market analysis.
In the past, if only one celebrity supported a coin immediately it would increase in value, but for now it is very unlikely.

[acdc]

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

I think the politicians or celebrities still have a big influence on the market.
Imagine if one day the US president or the Chinese president said they loved bitcoin and cryptocurrencies, the market would grow spectacularly.

[cablelavish]

Richard ceo of TemTum the founder of Dragon, and a globally acknowledged, prolific and prodigious cybersecurity and cryptography expert. He is also internationally recognised as a one of the world’s leading cybersecurity lecturers with a specialism in secure networks, blockchain and encryption. He has published a significant body of research and presentations on next generation solutions across a wide range of subjects, including Bitcoin wallet vulnerability, an analysis into the scalability of Bitcoin and Ethereum, and a formal analysis of the Temporal block.

https://cointelegraph.com/news/blockchain-and-5g-greatest-promise-is-to-transform-the-developing-world

[gundala]

I think crypto enthusiasts including investors have learned a lot that influencers do not provide guarantees that the projects they promote will be successful. I also prefer a team consisting of experienced people in their field and the crypto world with several successful projects that have been handled. Most paid promoters only seek personal gain, sometimes not really knowing what is being promoted. We have to really be able to adapt to this.

[dainoran]

using popular people to get an altcoin price increase is indeed good, sometimes also the rise of altcoin only lasts a few moments.

[cytpoway121]

Do you think the same ? or have examples of such ceos or influencers whose words hodl great volume ?

I think the politicians or celebrities still have a big influence on the market.
Imagine if one day the US president or the Chinese president said they loved bitcoin and cryptocurrencies, the market would grow spectacularly.

I think you have illustrated clearly and accurately how influences can push up the value of a token.
And a recent example that comes to mind, is binances role in the rise of wrx, that was followed with indians cleared to participate in crypto currency and more account users for binance, swiftly and easily.

[Leonardo7]

Wonderworking mouths are now scarce in crypto space because people are much wiser these days unlike 2017 when anyone could say something and we will just see 100% growth or more. One person I see doing that, for now, is CZ, when he tweets of listing an already existing coin o binance or through community vote for listing, and when he gives an update about WRX development.

[slaman29]

Wonderworking mouths are now scarce in crypto space because people are much wiser these days unlike 2017 when anyone could say something and we will just see 100% growth or more. One person I see doing that, for now, is CZ, when he tweets of listing an already existing coin o binance or through community vote for listing, and when he gives an update about WRX development.

Nope, not really. Take a look at all the spam I get in my email telling me I can feature my project in 8 podcasts for 2 minutes each, for only 28K USD. That is so crazy, so people are willing to pay 3.5k per 2 minutes slot on a podcast, and all those podcasts are supposed to be non-shills but come on. Who doesn't want thousands of dollars for a few minutes of their time?

[cytpoway121]

Up till now it does and will continue to do so but it's not like it does before. People are now aware of how things are done and more skeptical for things from an untrusted source or else you get dumped on.

I will not outrightly say people are aware of how crypto currency works, if we revise or revisit the events of corona coin projects that exitscammed, we would realize that we still have newbies who want to get rich quick by trading crypto currency.

And they got dumped on lol.
Stick to the basics of crypto currency always and do your research.

[Mpamaegbu]

this is still effective. it is still working in the Forex market where the president of china or the U.S.A makes a bold statement about finance and watch how it plays in the Forex market. same is applicable in the crypto world. when people like elon mosk and Justin sun make mouth on some crypto projects, the market always changes.

But of course, the OP is talking about hype in the cryptocurrency industry. Without mincing words, I think the OP is correct. We don't get to see hype in Forex Trading. At least, not the way we have it in the crypto space. Genuine news or speculations are what move and drive Forex Trading.

[SirLancelot]

It’s like a normal thing. Why do you think that companies pay influencers and celebrities money to talk about their products and promote it? It’s because they know that people are going to invest in those projects when an influencer they like recommends it. There’s no difference between that and what you have just said about cryptocurrency influencers.

There are some big guys in the cryptocurrency community that can influence the market in a big way by just saying something about it on Twitter , and once they do, you will see lots of people that are buying that coin and when they say a coin will crash a lot of people that believes them will start selling. But sometimes it’s best not to listen to these people and do what you think is right.

[Slingshot]

This sounds funny but it was then peoples mouth or recommendations moves Crypto enthusiasts. Now people are seriously careful and more watchful before picking any project not before we are moved by mere talks and TA, I o be frank I am my own TA and all that, I do my research without minding anyone's mouth and it's working for me.

[Teawhalee]

These times mouth doesn't really work like it use to be. One major reason is that majority of the supposed leaders have messed up and mislead people for their own personal pocket. People are more cautious and vigilant now. It's hard to mislead people now as a lead because no one will follow.

[carter34]

Basically here ,I think that what is important thing is the token utility and not mouth only. The situation is to have a great quality token that will support and solve humanity lives. Because life is important first than any other thing.