Some Influencers Are Not Helping

[CryptopreneurBrainboss]

The network won't have a problem, growth will have as all this money could have been invested in Bitcoin instead of blindly gambling them into ICOs.

There's no guarantee that the money which was pumped into ICOs would have been invested in Bitcoin, if ICOs didn't exist.

True but that's just an assumption same as saying supposenly DeFi weren't taking some liquidity from the market to itself maybe by now bitcoin would had surpassed it all time high of 2017 or probably been very close to doing so. As of press there are over $11,926,837,764 in DeFi related project. That's huge so you can't denied the fact some of this marketcap could have ended up in bitcoin assuming DeFi weren't a thing.

I think everything worketh together for good, we need this trends to open the eyes of the new enthusiast coming into the market, sometimes we have to loss (learn) before we gain. Time we come they'll regret not getting into bitcoin sooner because that's were it'll all end when this hyped is over.

[Wexnident]

That's why you don't follow any crypto enthusiasts in twitter. Or any other social media for that. Heck, I'd trust answers here than there tbh, since most of them out there are just there to take advantage of Bitcoin for money-making. I'd rather follow accounts that actually bring in some sort of useful info, such as market news or coin movements, my time is a lot more well spent seeing those tweets than seeing a bunch of people tweeting about Bitcoin reaching xxx amount, or I'll do something stupid scenario.

To be honest , here's what we need to get rid of for Bitcoin to truly be taken seriously by normal people and become the global currency :
1) An end to crazy influencers like you've mentioned
2) An end to scams that make the news ( further making normal people to question Bitcoin )
3) An end to the meme culture where, once again , normal people see these "moon" memes and others and just think of Bitcoin as a joke
4) An end to crypto infighting - an example is the Eth crowd and Bitcoin maxis constantly going at each other on Twitter etc - this hurts crypto in general. I'm not saying don't debate technology - thats important , but when its meme vs meme , its a joke...

Yeah you can't end that. As much as I would hate to say this, haters (or those that take advantage of it) exist because we, enthusiasts exist. If you want them to completely disappear, then the entire community has to go together with it. Nothing we can do about that.

[maydna]

The term is awful on its own. As a beginner I was lucky there weren't many of these guys around, although when they appeared I did mistakes too. I stopped listening after a while and saved both money and valuable time.

Good.
At least, you can search for the others, or you can search for the other crypto news. You don't have to listen to them if you don't want it because we are free to search for the news. If they can't introduce or explain bitcoin to the public, I am sure that people will search for the other info about bitcoin. Many people in the bitcoin journey, and we will see more people trying to influence new people to join bitcoin. But if they cannot teach new people, I think it will no problem for those new people. But we can't blame them who did that because I think every person will have their own knowledge about bitcoin to give to others.

[cryptoperkele]

Everyone with enough followers is called "influencer". Naturally some of these people are paid shills, some of them will use their own followers to manipulate markets and some of them are just enthusiasts. There's really nothing we can do about them, expect accept their role in this.

When these influencers abuse the their followers telling them to buy something up, these followers will blame the project when it crash and will call it scam rather calling out their hero for manipulating markets.

[cheezcarls]

I actually have to agree with you mate. Most of the Bitcoin and crypto influencers out there are just doing it for their own gain, and they don’t care much about the followers. They only wanted fame, increased views, monetization of their videos, etc.

What they’re lacking nowadays is their ability to connect to their followers. It’s like artists where followers like us can’t simply having hard times to reach out or connect to them, but rather ended up having their agent representative talking to us.

They might be giving us some of their tips and strategies in Bitcoin, trading, DeFi, staking, etc., but never actually “connect” to their followers, subscribers, etc. This forum’s much better anyways, because we all have a chance to connect and building good relationships with one another.

[Johnyz]

Those Influencers knows also how to make money, and some of them are not and some are just talking shit about bitcoin or they might just talking about the reality of cryptocurrency. If those influencer talk shit about bitcoin, then we can't stop them or force them to talk only goods for bitcoin, its just a matter of time for them to realize everything, so let them be and just focus on the things that cryptocurrency can do to us.

[DooMAD]

If you give people a platform and a captive audience, sooner or later, someone is going to abuse it to try and make some money.  You can pretend to blame the people posting the tweets, but if you're choosing to read them, then you're equally culpable as far as I'm concerned.  The entire platform and the way it functions is the issue.

Step back and look at what's actually happening here.  Large numbers of people are choosing to read what is effectively promotional material or marketing because they've somehow been convinced it's a form of entertainment.  How in the fuck did that happen?  How did the human race become that stupid?

Break the cycle and stop using twitter unless you're solely using it to keep in touch with people you actually know in person.  Otherwise it's just a cesspit of largely worthless opinions with no context for reference.  Don't give these vacuous nobodies the attention they crave and then you won't fall victim to their profiteering schemes.

[slaman29]

When has an influencer really helped actually? If you look about it and all the history of influencers, very few actually stayed with their projects once they got their money and payment. You're left holding the bags, in the end. Trust only yourself my friends.

[LogitechMouse]

You can consider them as an influencer but at the end of the day, it is purely money that matters .

An influencer can shill a coin that has been advertised by some popular names like in your post the Winklevoss and they will be paid with huge amounts. There is a reason why they do this. Maybe they are just promoting their exchange in other ways or they are holding that coin.

Helping or not, it doesn't matter to me. I know what I'm doing and I will not fall into these kind of traps that are being done by these so-called influencers.

[Upgrade00]

I think everything worketh together for good, we need this trends to open the eyes of the new enthusiast coming into the market

Right, it helps to increase the publicity of cryptocurrencies and all the fomo would eventually trickle back to Bitcoin. Just as during the ICO days, it attracted a lot of new investors due to the huge hype around it, eventually when it crashed a lot of those investors who were already deep into cryptocurrencies (and may have gained or lost out) would likely have switched their attention and profits to bitcoin. The DeFi trend could have the same effect down the road.

Break the cycle and stop using twitter unless you're solely using it to keep in touch with people you actually know in person.  Otherwise it's just a cesspit of largely worthless opinions with no context for reference. 

What gets to me most is when articles are constructed solely around catchy tweets with little or no context. I see it as lazy journalism. It could however also be a publicity agenda between the social media profile and the blog site (who could be the same person).

[rodskee]

Those Influencers knows also how to make money, and some of them are not and some are just talking shit about bitcoin or they might just talking about the reality of cryptocurrency. If those influencer talk shit about bitcoin, then we can't stop them or force them to talk only goods for bitcoin, its just a matter of time for them to realize everything, so let them be and just focus on the things that cryptocurrency can do to us.

It's just another strategy to make more money, they are saying something out of stupidity just to generate
good profits from people who will follow them.
We can't blame them as they are doing it to gain, something that we always needs to protect ourselves before
believing to anything like this.
In the end of the day, you are still the one that will bring your success nothing matters than your own knowledge
and pure understanding.

[Oasisman]

~snip~

The term is awful on its own. As a beginner I was lucky there weren't many of these guys around, although when they appeared I did mistakes too. I stopped listening after a while and saved both money and valuable time.

Well, I guess there are a lot of them today. Twitter now is the place where you can find a lot of cryptocurrency related tweets that are totally bullshit.
These so called influencers are just a paid puppets to shill on some specific coin, they usually are the ones who are giving away free Btc in exchange for the followers and re-tweets. If you're following some of these people, you're actually going to lose some money on the latter, and you'll probably found yourself investing on a pump and dump coin.
I'd rather find a crypto community where you could actually talk and consult to people rather than following a person who's business is to promote shitcoins, and blabbering anything about cryptocurrency to get a good amount of attention.

[imstillthebest]

When has an influencer really helped actually? If you look about it and all the history of influencers, very few actually stayed with their projects once they got their money and payment. You're left holding the bags, in the end. Trust only yourself my friends.

influencer means to influence or to promote . they cant be called an influencer if they are only promoting for the sake of thier own good but thankfully there are good influencers that are still doing everything to market good cryptos .

trusting our self can be an aid if we got scammed many times for believing others  . sometimes people that you think trusted are also the people that will put you in risky situation .

[TheCaliReign]

We've had this "DeFi" thing for years already, "DeFi" is just a new sort of "cool moniker" for Ethereum apps/projects to make it sound "cool". They ain't even decentralized, mostly just non-custodial.

That's not the point that I was making at all. I'm saying we are definitely in the midst of a huge DeFi pump. And I believe the DeFi projects are of a significantly different type than the ICO boom of 2017. This is like flashcrash get rich quick schemes with an actual ad agency. I'm not saying they are in anyway better or safer. Just different.

[coolcoinz]

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

And for us crypto enthusiast, we should be always be careful on who to follow, on who we believed, otherwise we are going to get REKT here. Let them shill whatever they want, it's really up to us, use our common sense and think many times before buying any shitcoins those influencers are promoting or advertising specially in Twitter.

The pseudo influencers like McAfee know there's a lot of money to be made from shilling. Wasn't McAfee asking 100 thousand to support a coin?
I've never heard about this guy as well. The only Portnoy that I know about is Mike Portnoy the drummer

[ampu]

If it comes to cryptocurrency exchanges we should not forget Uniswap. Although being an emerging exchange, their influence is huge. I think it's like a casino. People can make a lot of money and lose a lot of money. Transaction costs for contracts are very high.
Celebrities are relying on their influence on their self-interest. Last year, Mc Afee suggested for a tweet promoting all cryptocurrencies for $ 500k. A terrible amount of money. The cryptocurrency market is too small and easily manipulated.

[South Park]

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

And for us crypto enthusiast, we should be always be careful on who to follow, on who we believed, otherwise we are going to get REKT here. Let them shill whatever they want, it's really up to us, use our common sense and think many times before buying any shitcoins those influencers are promoting or advertising specially in Twitter.

As sad as this sounds this is the only viable strategy, we cannot stop this people from shilling and promoting shitcoins as much as they want, it is up to each one of us to try to learn enough about the market to know that such an investment is not only a waste of time but also of money and that for the most part besides bitcoin there are only a handful of coins worth your attention, unfortunately this means that a great deal of people will lose all their capital investing in altcoins that have no future and they will blame bitcoin because of it generating bad publicity in the process.

[k@suy]

It's cyclical, remember John Mcafee? he was one of these so called crypto influencer and even commands $100k per tweet about shitcoins way back in 2017. And now maybe we don't hear from him anymore, but the rule of the game doesn't change. They are going to shill, that's their job.

And for us crypto enthusiast, we should be always be careful on who to follow, on who we believed, otherwise we are going to get REKT here. Let them shill whatever they want, it's really up to us, use our common sense and think many times before buying any shitcoins those influencers are promoting or advertising specially in Twitter.

As sad as this sounds this is the only viable strategy, we cannot stop this people from shilling and promoting shitcoins as much as they want, it is up to each one of us to try to learn enough about the market to know that such an investment is not only a waste of time but also of money and that for the most part besides bitcoin there are only a handful of coins worth your attention, unfortunately this means that a great deal of people will lose all their capital investing in altcoins that have no future and they will blame bitcoin because of it generating bad publicity in the process.

It is indeed okay if sometimes we are experiencing loss from the mistakes we've done because it will teach us a lesson that we will never ever forget. And that is good because before we encounter success we may encounter first the hardships and struggles before we got the price of trying and learning by what we did. So for me we should try and try because committing mistakes can make us smarter.

[rexxarofmoknathal]

I actually have to agree with you mate. Most of the Bitcoin and crypto influencers out there are just doing it for their own gain, and they don’t care much about the followers. They only wanted fame, increased views, monetization of their videos, etc.

Isn't it obvious! Mostly all influencers post or comment on something if there'll be gaining from it without worrying about the repercussions.  This is such an example, so long as they achieve their goal the rest matters little. This is why we should know better as we've seen this happening many times before.

However, the urgency of this matter is that like BTC other altcoins are great too and deserve their market value, true not all but we should be able to tell them apart from artificial and obvious pump 'n dump cycles.

[Rengga Jati]

Why there should be influencers of Bitcoin? Does BTC really need it? About the hype again? or any kind of prediction?
In this case, the price of Bitcoin will always in that cycle, its bullish, market correction, bearish, bullish again, and so on. I personally a person who never considers much on the influencer. I prefer to believe in how the market works and cycle.
If we are talking about the influencers, previously, there are also several influencers that also try predicting or speaking about BTC price and future. The aim may be good for the shake of the Bitcoin. However, I worry about some people who really believe in what influencers say and get a bubble of it, becoming trapped on the cycle. whereas, there is something more that we can do, by analyzing the market itself.