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Author Topic: Newbies beware of influencers -they might not know it all/it's can go wrong-  (Read 345 times)
BIT-BENDER (OP)
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August 04, 2020, 09:20:11 AM
Merited by posi (2), Oshosondy (2), DdmrDdmr (1)
 #1

   The influencers can be a crypto-coin expert, crypto-coin creator, business Mogul, stock exchange/trading guru, analyst, politicians, celebrities and so much more these portfolio/credits doesn't make them super/perfect Human can get right their prediction/speculation/advice and they can also get it wrong.

Quote
No one can predict BTC, ETH, or whatever price mate. It would be best to ignore this kind of prediction, positive or negative, altogether. Subscribe to the news that has more focus on the fundamentals, not the one that was drawing lines and counting candles.
If you -newbies- are waiting on a spot on prediction from an influencer you might just be kicking against a mountain expecting it to give way to your riches, you have to climb over the mountain -doing your own work-.
Besides an influencer can
+Be hacked
+ Wrong
+ Bought over
+ Unforgiving/unrepentantly rigid and stubborn to their believes even with proven facts that they are wrong
+ Trolls
+ Black mailed
+ Under duress and so much more

Newbies you should not swallow -blindly- or take every hook line and sinker because it's an influencer stands
+Funds/money can be lost
+ Zeal/gusto crushed
+ Mentality smeared/blurred

Mind you fake influencers exist, influencers gunning at their progress personally -selfish- exists tool.

Newbies build/work towards your own prediction/speculation by using instruments -news/information/questions-
Beware Influencers can leave you blue/hurting.

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August 04, 2020, 09:24:22 AM
 #2

Yeah influencer just want views, hits, upvotes...

A lot of YouTube videos on cryptocurrency are designed to be clickbait in nature. They can be good for perceiving someone's sentiment but I'd draw the line there...
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August 04, 2020, 11:18:12 AM
 #3

They keep shilling and posting anything good about those new project or coin because they are paid. I saw a lot on Twitter influencer with dozen of followers and Youtube shillers, who keep posting specifically on different project. Good for them cause they are paid how about those who believe their shill and got rekt. Of course you cant blame them since you are just blindly following them.

Dont easily get attracted with these kind of hard shill cause your money is at stake while they are being paid to that so even the price go down they still gain profits.

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August 04, 2020, 11:28:28 AM
 #4

The influencer strategy is what scam new cryto related project and online theft use these days and this was also what the twitter hacker used to stole BTC from people and i hope the twitter hacker strategy is more than enough lesson for people to understand that strong self making research is very important before making any investment.

Note : It sad that despite all several alerts some people will still follow the intention of this liars.

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August 04, 2020, 11:35:41 AM
 #5

They keep shilling and posting anything good about those new project or coin because they are paid. I saw a lot on Twitter influencer with dozen of followers and Youtube shillers, who keep posting specifically on different project. Good for them cause they are paid how about those who believe their shill and got rekt. Of course you cant blame them since you are just blindly following them.

Dont easily get attracted with these kind of hard shill cause your money is at stake while they are being paid to that so even the price go down they still gain profits.
They -the influencers in question- don't give half a shilling of care to what happens to those who believe what they shielded, should I say it's a paid partnership, more like what we see when a brand signs an ambassador even if they don't like or use the band, they have to show they world they do.
-newbies- has to know the ropes, with the Twitter hack, and lost bitcoins,

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August 04, 2020, 11:39:20 AM
Last edit: August 04, 2020, 12:22:22 PM by tranthidung
 #6

Don't trust, do your own research and verify info you have.

  • Influencers can be good guys or bad guys. Don't trust anything they tell you. Moreover, even good influencers can be wrong from their own research and analyses so be careful when putting your financial freedom to someone else.
  • The rule can be expanded to softwares (wallets, ie.), investment plans / recommendations, and so forth.
  • After verifying their words and check legitimacy of projects, you have to jump directly to ToS (Terms of conditions or Terms of Service) and FAQs to read most basic, and vital things on those platforms. See if their terms are fitted with your need, and you can satisfy their requirements (your nation is not in their list of restricted areas, ie.), let's go ahead. If not, stop at it and wait for other chances.

Listen/ Read > Research/ Investigate / Analysis > Read ToS/ FAQ > Make a decision *

*: Don't put all of your capital into anything because of influencers' recommendations.

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August 04, 2020, 12:01:07 PM
 #7

I wonder how you find my old comment? Are you stalking me?  Grin
Jokes aside, just ignore teen influencers who do TA since they should finish their school first. However, There are some fair channels like Ivan on tech and Chico Crypto, which mainly for entertainment/chilling purposes.

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August 04, 2020, 12:05:40 PM
Merited by BIT-BENDER (1)
 #8

This just reminded me of the era of shitcoins pumps as different coins (from no way) would start picking momentum due to it being the next picked by the so called influencers. Then pump and dump groups also leverage on that opportunity as they became famous too. Op, while you advice about them not paying attention to the so called influencers also remind them not to follow anybody advice found on the web too. Majority of the community members are only after the money and would do anything to get it even though it requires decieving the masses.

On YouTube, twitter etc ignore the hypes you see as none are genuine, they're are all pay advert or hypes coming from users that have already filled their bags, hyping to dump on gullible users seeking for quick money. Be cautious in this space, trust no one.

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August 04, 2020, 01:11:07 PM
 #9

Influencers are just online marketers getting paid to advertise services, items and whatnot. They are not experts in any way and shouldn't be viewed as such. One day they will advertise one thing, the other day something completely different. Whatever pays the bills, eh Mr Mcaffee! Until the SEC ordered him to stop.   

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August 04, 2020, 01:18:56 PM
 #10

Those influencers are making money from fame not by investing on the project they are predicting sometimes the project itself pay to the influences and ask to shill for them on social media.Its like how celebs advertising cosmetic products and the promise that you can be fairer if you use this for 30 days but after years of using you will be still the same. Cheesy

No one can predict, so just trust your predictions. Wink

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August 04, 2020, 01:36:22 PM
 #11

Absolutely true!

Your thread reminded me to John McAfee as a crazy unrealistic speculators.


source

Where's the video of this? Anyone who have please kindly share it here Tongue

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August 04, 2020, 01:37:08 PM
 #12


Newbies, at any means, won't be able to avoid any advertisement brought by these so-called "influencers". Social media is so vast that even with lots of awareness about how to deal with these influencer's stuff, there are really times that newbies will try to test the waters there. Even others are aware of what will be the result, their curiosity is telling them to join the party.

It now depends on how their "common sense" will react to those ads they will saw. Fortunately, it's not the same as before wherein dragging people into something is easy. Today, I can say that some newbies aren't literal newbies anymore and they can now determined if what they encounter is sh*t or not.

Let's just hope for the best that someday, the number of people falls on this scheme will be decrease as time passes by.

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August 04, 2020, 01:45:19 PM
 #13

I wonder how you find my old comment? Are you stalking me?  Grin
Jokes aside, just ignore teen influencers who do TA since they should finish their school first. However, There are some fair channels like Ivan on tech and Chico Crypto, which mainly for entertainment/chilling purposes.
I also watch some of videos of these yotube channels, Ivan On Tech and Chico Crypto mostly. I love some of their videos, they are just being true and just telling their own opinion. Especially Chico Crypto, when he got some paid or advertisement videos, he told it before starting or description in the video.

But I am advising to everyone, even how good you think some of influencers, they may be still dangerous or might not be the same opinion/vision/perspective as ourselves. So, it will always be better, we should stil learn somethings by ourselves and ask a questions/do research.

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August 04, 2020, 02:01:51 PM
Last edit: August 04, 2020, 02:44:05 PM by pilosopotasyo
 #14

Yeah influencer just want views, hits, upvotes...

A lot of YouTube videos on cryptocurrency are designed to be clickbait in nature. They can be good for perceiving someone's sentiment but I'd draw the line there...

That's true after McAfee's fiasco I dont think we should go all out or 100% on what they are saying, it's always been said that we should always do our own research because it's our money and we are the one that is going to lose if we keep following what they are all saying when the market is unpredictable.

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August 04, 2020, 02:08:06 PM
Merited by ABCbits (1), BIT-BENDER (1)
 #15

One probably needs to suss out for themselves if a give profile one follows has got the background and required objectivity. Money bends people who are straight, and makes simple-minded buffoons jump into the ring. We need to distinguish between information and a commercial, and that is not that simple in a world where the influencers lean heavily more towards the latter than the former.

These are some (anonymized) samples of influencers and or agencies that announce their services on the internet:

Quote
The YouTube influencers we collaborate with will make a point of showing your idea to the best advantage. They’ll easily convince the audience that the solution under consideration is worthy of attention and support.
Reach up to 850 000 potential clients! <…>

Quote
I will promote your product to millions of organic people.

Quote
I will trend a topic for you on twitter.

Those are definitively profiles you do not want to follow …
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August 04, 2020, 11:03:18 PM
 #16

Not just influencers, it could be a reputable platform, ceo of big companies just like what happen recently the twitter hack which targets well-known individuals and platforms. It proves that there are some people that will not analyze it first if it comes from a well-known individual they jump right at it without thinking. Those influencers are just humans their predictions is not always correct so I am not really a fan of it I'll just ignore them.
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August 05, 2020, 01:59:50 AM
 #17

In fact, they shouldn't even trust anyone. Any information they obtained should be looked up, referenced from other sources, and asked around from other forums multiple times imo. Research is basically the key to making sure everything goes right, or at least, having enough influence to what might happen when you set whatever plan you have in motion. In fact, even those famous people known to be correct most of the time could also make mistakes, hence the term "most". Especially for billionaires and the like, heck, I trust more people in the forum than those billionaires in certain aspects after all, not that I don't trust them at some times.
Those influencers are making money from fame not by investing on the project they are predicting sometimes the project itself pay to the influences and ask to shill for them on social media.Its like how celebs advertising cosmetic products and the promise that you can be fairer if you use this for 30 days but after years of using you will be still the same. Cheesy

No one can predict, so just trust your predictions. Wink
They're also just making money by trying to get on the famous stuff, riding on the bandwagon train right there. Especially on centralized currencies, the highest bidder wins the influencers' advertisement and this happens in most cases in various industries, not just crypto after all.

 
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August 05, 2020, 04:44:58 AM
Merited by ABCbits (1), DdmrDdmr (1), BIT-BENDER (1)
 #18

I have followed some influencers on altcoin space not because I love their sentiment about crypto but sometime its quite funny how you read their lines just to shill or create fud. Who would forget these guys especially the two on the left?



Also here are the top 35 influencer based on Bitcoin.com


Some are credible and some are obviously shillers. Thats how price marked in the market. I believe some of these guys are really influence the market. Example CZ, when he tweet the community reacts fast. For those who can ride out the hype and earn profits then good for you. But like mostly said here if you will be influenced by them make sure you are aware and ready for the possible loss if it turns out the other way around.  For those influencers just started to grow you can noticed how their supported project line up on their channel/page these are paid actors you would want to avoid.. Just my 2cent, rely on TA 60% and give your FA a solid 30% the remaining, depends on strategy.

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August 05, 2020, 05:18:17 AM
 #19

For a fact, prediction and speculation never says 'hey, I'm 100% certain or perfect'. It only means this could be this, take this form or happen this way. Everyone has got this, to predict! Ain't nothing wrong in looking up to and believing in experts, you've got to learn and make your own predictions, there is no believing better than in yourself. Read the signs and your predictions is just about right!

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August 05, 2020, 09:23:47 AM
 #20

The influencer strategy is what scam new cryto related project and online theft use these days and this was also what the twitter hacker used to stole BTC from people and i hope the twitter hacker strategy is more than enough lesson for people to understand that strong self making research is very important before making any investment.

Note : It sad that despite all several alerts some people will still follow the intention of this liars.

Have you heard about the recent reported scam that uses popular people's account in Twitter?

Where they said that they will double the amount of your bitcoin?

This is the best example of those scams that uses high profile personality so that it can influence a lot of people and it will looks like very legit. Scammers are very good at thinking of a strategy where they will use social media because they know that there are a lot of users online. Don't trust easily and never believe on those things that you only see in internet, try to explore and understand more.
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