Newbies beware of influencers -they might not know it all/it's can go wrong-

[ABCbits]

Newbies build/work towards your own prediction/speculation by using instruments -news/information/questions-

And make sure you use multiple source to prevent bias or fake information, i've seen many people only rely from 1 source and turned out the source is biased on specific topic.

[posi]

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?

Even a day old baby in cryptocurrency investment is aware of the issue because it a glaring situation and I think thats what inspired this thread. however, the hackers are Graham Ivan Clark 17years whose also the mastermind, Nima Fazeli 22-year-old and Mason Sheppard 19years and they have been apprehended.
Graham have been charged to court while other 2 case are still waiting, he pleaded not guilty and he was once had criminal case in 2019, which involved 400 BTC but I heard he was tild to pay $25K for bail.

[AniviaBtc]

Influencers are really effective in making its audience believe on what they are saying in the internet.

Their mindset and words are powerful especially that people treating them as their idol or icon.

That shouldn't be your mindset in the social media platforms, you have your own thoughts and mindfulness. You shouldn't believe all of the things that they promote or saying in the internet, especially if it talks about businesses and investments. You should know how to become a crypto user effectively on your own. Yes, you can gain a lot of knowledge for someone but you should know how to determine between the good and the bad.

[famososMuertos]

Not alls, but usually an influencer creates content in order to entertain. And that content can be creative in its way of reaching people, but many times it doesn't even understand it.

In fact it may or may not be in the learning process (the influencer), but it is so good in the creative part of spreading content, that it forgets the learning process and gets stuck, that a user with knowledge must discover.

The source of the content that the influencers use is available to everyone, they do not have access to premium information (the vast majority) that is, all the information you need is at your fingertips too, so study it and create debate with these people or at least you can tell when they lie to you or just want to win a view or a like.

And if, as I said, not all, because content diffusers are necessary, people who help us in the learning process to understand concepts or send us information that they interpret more quickly through their experience and shorten the learning process, this it's called pedagogy, look for them. Not because they have thousands of followers, but because you made an evaluation based on their knowledge, that is, you should study on your own, always.

[NavI_027]

OP's post made me suddenly remembered the line of one of the famous horoscope readers here in our country, "Hindi hawak ng mga bituin ang ating kapalaran. Gabay lamang sila. Meron tayong free will. Gamitin natin ito." In english, "The stars do not control our destiny. They are just a guide. We have free will. Let's use it."

In short, do not depend everything on the stars (well we can set these as the influencers). Think and act based on your natural instincts. If you lose money then that's okay, just try again. Remember that failure is not the opposite of success, it was part of it . Be proud because it was a product of your own will and not by the others. That was less regretting, isn't it? So don't be afraid of experimenting and making your own strategies because it helps you to grow.

Actually, there's nothing wrong on listening to the experts. It's good because it was also a form of learning. But I hope you won't come to the point that you can no longer stand alone for yourselves.

[smyslov]

It's ok to read and listen to their analysis but when making your decision to invest it's your final decision that matters and that final decision should go to your own analysis, there is no such thing as perfect analysis or analyzer they do make mistakes from time to time we don;t know if they are also investing on the project they are reviewing, some of them are paid shills.

[jademaxsuy]

It's ok to read and listen to their analysis but when making your decision to invest it's your final decision that matters and that final decision should go to your own analysis, there is no such thing as perfect analysis or analyzer they do make mistakes from time to time we don;t know if they are also investing on the project they are reviewing, some of them are paid shills.

In my case I would rather invest in a solid form of investment no matter how long the ROI I could get as long as it does not compromise the security of investment. I consider cryptocurrency but I think I could only go far on bitcoin and other establish altcoins like ethereum but other than that with the new offers nowadays then I think it does need a long study and research but still not an assurance that it could get enough ROI in that kind of investment. One should not trust their money to others unless as I have mention earlier that it is something solid like bitcoin investment.

I know others will not consider bitcoin as investment but as what others seeing also that bitcoin could relatively a form of investment because of its market value volatility which trading could happen wether a long term trade or a short term trading.

[tranthidung]

And make sure you use multiple source to prevent bias or fake information, i've seen many people only rely from 1 source and turned out the source is biased on specific topic.

"Buy the rumours, sell the news" that is a classic rule but in reality unfortunately most of investors do the opposite thing. They buy the news and sell the rumours.

To gather news (both real and fake ones) then filter them and get only  real news to use is not an easy task for newbies. Most of newbies sell the rumours because at beginnings they don't afford to lose with their decision, they only think of profits and don't have a preventive plan.

FOMO to buy at peaks.
Fear of losses and get out at bottoms.

Both types of investments/ tradings have same ending, losses.

[pooya87]

It's ok to read and listen to their analysis but when making your decision to invest it's your final decision that matters and that final decision should go to your own analysis, there is no such thing as perfect analysis or analyzer they do make mistakes from time to time we don;t know if they are also investing on the project they are reviewing, some of them are paid shills.

In my case I would rather invest in a solid form of investment no matter how long the ROI I could get as long as it does not compromise the security of investment. I consider cryptocurrency but I think I could only go far on bitcoin and other establish altcoins like ethereum but other than that with the new offers nowadays then I think it does need a long study and research but still not an assurance that it could get enough ROI in that kind of investment. One should not trust their money to others unless as I have mention earlier that it is something solid like bitcoin investment.

I know others will not consider bitcoin as investment but as what others seeing also that bitcoin could relatively a form of investment because of its market value volatility which trading could happen wether a long term trade or a short term trading.

the problem is that only bitcoin can be considered an investment because it has long term potential thanks to its unique utility combined with decentralization and limited supply. unfortunately there is no other option and despite what we keep hearing we have no "established altcoins", we just have some bigger altcoins that have more popularity because they got bigger pumps and they are centralized and have a lot of money to throw at the coin. otherwise majority of them are terrible long term investments, for example ethereum that you mentioned has unlimited supply and being a centralized altcoin means it has a horrible inflation in long term even if it doesn't look like it right now (in short term).

[cryptoaddictchie]

And make sure you use multiple source to prevent bias or fake information, i've seen many people only rely from 1 source and turned out the source is biased on specific topic.

In addition, instead hearing from famous news site you read everyday. Why not confirm those rumors on the project itself which Im sure they can confirm if details out on the news are accurate or some kind of a fud only. This is an effective way to filter all hype news and shills. We never know, these influencers/paid sites or bloggers are very powerful for a typical reader.

[fortunecrypto]

Newbies build/work towards your own prediction/speculation by using instruments -news/information/questions-

And make sure you use multiple source to prevent bias or fake information, i've seen many people only rely from 1 source and turned out the source is biased on specific topic.

What's new these experts has their own biased based on what coins they are hoarding, you got to know if the advice is hype or shill, they should do what they preach if they are telling people to invest on these projects he should further explain why and it's potential and of course he is also one of its investors.

[Krislaw]

I usually watch and wants to know about the opinion of another person about a certain coin that I'm gonna buy because for me it strengthens my resolve to buy that coin and it's true that some influencers are biased and being bought by the coin, there are few telegram groups that are looking for youtube and twitter influencers to shill their coin, and sometimes they shill their own holdings to their subscribers and followers. There are only a few legit advisors that actually know the truth and give proper analyzation, not only a straight-up shill.

[Shimmiry]

There were also influencers nowadays that are not very familiar to cryptocurrencies, hence they manage to draw people to make investments.
Make sure you are following the right people that is bound with knowledge.
Do not just follow people because they are famous and many people are following them.

[hatshepsut93]

This is a great advice that all newbies should listen to. No one has became rich by listening to social media influencers, but many became poorer by getting scammed or just getting stupid advice. Unfortunately, when people get the most common advice in crypto - "do your own research", it's really easy to misinterpret it and count reading posts from influencers as research. This is not to say that no one should get information from social media, but it should always be taken with a grain of salt, and for topics like trading, this grain of salt should be really huge.

[Yamifoud]

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...

because they look attractive and seem to be real but in the end, it was only a smart trick for a newbie. But I believe that not all influencers will look bad nor a cause of every mistake that these newcomers had made, they're might more but not all IMO.
It only that people must have to know more about what they have represented with these influencers. Because in that way we can identify who really they are and know the possible outcome for this. Don't let them trick us even though we are new to crypto, it is all we have to be knowledgeable enough.

[yazher]

Political persons can be one of the influencers too, previously I read some thread containing 4 of the senators' sign some request that they wanted to lower the tax on POS coin. One thing about this kind of request is, these guys have not been seen in this kind of field. In other words, they don't know what they've done, someone might have been paid them to do this act. But sometimes, they lacked understandings with this will lead to loss of profit with the others. When they promoted something that will lead to scam after several months or years from their promotion. Just like what happened with the celebrities who became a victim in the scam investment which what we called Ponzi Scheme.

You can read more about it here: https://www.mirror.co.uk/3am/celebrity-news/bernie-madoffs-web-lies-celebrity-22289731